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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 28, 1916
Page
13
New York reports February contracts show railroads ordered 40 000 tons of rails 4172 cars and 3200 tons of bridge work. Structural steel orders total 26 900 tons and marine work 37 000 tons. Shipyards secure 275 ocean and lake ships plus 82 government boats and 200 000 tons of pig iron sold.
New York markets report raw sugar firm at $5.02 with molasses at $4.25. Refined varieties steady with loaf at $7.40, crushed $7.25, mould A $6.75, cubes $6.75, powdered $6.35, diamond A $6.25, confectioners A $6.15, No. 1 $6.10.
Several brief obituaries list ages and addresses for individuals who died in February. Notable names include Mrs Bila Slater 45 of 126 Daniel street and Simon Baum 79 of 118 North Medina street with other ages and streets such as 111 Dallas street and 614 South Laredo street.
A column lists multiple births with parent names and addresses. Boys born to Cartwright, Hewitt, Kingsbury, Heiligmann, on February 21 22 26. girls born to Hernandez Long Wolcinski Peterson Pfeiffer on February 10 21 26 28 at various streets and avenues.
Traders report submarine policy weighs on cotton markets with early prices higher as shipping disruption limits movement. Analysts note U S policy signals and foreign demand influence futures and cash margins.
Quotations for middling cotton delivered to market sites list San Antonio Houston Galveston New York and New Orleans prices. Figures show San Antonio 16.85 New York 31.28 and New Orleans 11.13 with sales noted at various totals.
The South eased cotton prices today both in spot and futures amid a depressed market. Reports that Germany may resist U S submarine policy unsettled speculation while Liverpool buyers lent some courage. In San Antonio spot sales were small with bids split from sellers as prices listed for grades from strict low to good middling.
The cotton market opened steady with gains in March and other months, but weakness in New Orleans and southern selling pulled many active months lower. Prices fluctuated through the day with May near 11.84, July 11.54, and October 11.68 to 11.75, finally closing steady on renewed demand and covering.
New York on February 8 saw cotton futures opening steady with March 11, May 11.33, July 11.54, October 11.74, and December 11.86. Closing quotes were 1 to 3 points higher amid varied intraday highs and lows.
Market brief notes Lir is set to open Tuesday with a slight uptick around 1 percent. References to a 11.29 and 11.48 close appear, but details are fragmentary and unclear.
The New Orleans cotton market opened steady with gains of three to eight points on good cottons. Offerings rose and prices fell, then recovered to three to five points over Saturday's close by noon. German submarine policy was blamed for selling pressure. By 1:30 prices stood one to three points over last week, closing up to two points down from the earlier highs.
New Orleans fiber market reports steady start for cotton futures with opening bids at March 10.92 May 11.12 July 11.36 October 11.86 December 11.71 The session shows intraday highs near 16.92 and lows around 10.84 to 11.35 as traders set initial tones.
Spot cotton in Liverpool remains steady as good middling trades at 8.014 cents, middling 7.744 and low middling 7.404. Trade reports 7000 bales sold including 100 cents for export and speculation. no receipts recorded.
A Liverpool market report shows futures quotations for several consecutive contracts with values mainly around 7.4. Notable pairings include February March at 7.494 and October November at 7.2144. The data reflects typical futures trading activity on February 28.
London February report states England refused to supply the required amount of copper sulphate to Greece. The government has applied to the United States for the needed quantity.
This week expects a material decline in egg prices as farmers bring eggs to country towns by wagon load. Telegrams from prospective shippers indicate large supplies will move to markets soon, though demand remains strong in eastern markets. Cold storage has begun and store prices edge toward 14 to 16 cents a dozen.
Wholesale markets list varied prices for fresh produce to retailers and shippers. Items include potatoes from Colorado and California, onions from California, tomatoes from Cuba, celery and cabbage from Texas and California, peppers from Florida, and many fruits such as strawberries, apples, oranges, lemons, limes, grapes, and dried fruits with specific weights and crate or box pricing across multiple regions.
Prices paid to shippers for eggs weak with Texas country candied at 16 cents. Butter firm with Texas creamery at 31 to 35 cents per pound. Country butter 18 to 70 cents. packing stock 13 to 16 cents per pound. Poultry firm with hens 5.00 to 6.00 per dozen, friers 4.50 to 6.50, broilers 2.00 to 3.60, turkeys 14 five cents per pound, ducks 4.50 to 5.50 per dozen, geese 7.00 to 10.00 per dozen.
Government and marketing officials will assist Southwest Texas onion growers by sending two representatives to the Rio Grande Valley. One will be in Laredo publishing daily market news from twenty cities. the other will work with growers to gather crop data and secure high prices. Data will be telegraphed to twenty cities daily. Plans begin April 1 to prevent shipping to flooded markets.
At San Antonio and major centers including Chicago and Kansas City, strong, active trading pressed prices higher. Local yard receipts totaled 154 cattle 63 calves 44 horses and 229 hogs with top steer at 6 40 and cows near 6 75 while hogs ranged up to 7 50 with most between 7 0 and 7 40. Sheep and goats were not available.
Oklahoma City market reports cattle at 2825 head and hogs at 2160 head with steady conditions. Top hog price 8.20, bulk 7.90 to 8.15, cattle around 5.95 per hundredweight for a 1845 pound lot handled by J. Simma of Lindsay Oklahoma.
Receipts for hogs 11 000 with higher prices. Bulk buyers show 38.30 to 8.50, light 8.00 to 8.30, 6.55 to 7.60. Cattle receipts 18 000 with steady to higher trade. Prime fed steers 8.50 to 9.00, dressed 7.35 to 8.50, southern steers 6.00 to 7.75, cows 4.50 to 7.00, heifers 6.60 to 8.50, stockers 6.25 to 8.36. Sheep receipts 15 000 and market steady. Lambs 10.50 to 11.00, yearlings 9.25 to 10.00, wethers 7.75 to 8.25, ewes 7.00 to 7.80.
Bearish wheat market follows reports Germany will refuse to post an announced warning on maritime attacks. May and July contracts slide, with May at 1.09 and 1.06 in later trades. Corn drops alongside wheat as liquidation spreads across grains and hogs push prices down.
San Antonio grain buyers posted bid prices for wheat corn and oats. Wheat in San Antonio Texas per bushel 1.35 for common wheat and 1.86 for northern. corn No 8 in Texas 80c, No 2 mixed 78c, northern white 88c. Oats Texas red 68c bulk 65c sacks 85c, northern white 61c bulk 61c sacks 66c. Oklahoma prices match Texas bids.
Dry salt extras 18c per lb and bacon extras 14c per lb lead the list for Monday deals. Dry salt bellies average 14 to 16 pounds at 15c, fancy breakfast bacon 26c, fancy home 19c, bacon tellies 14 to 16 pound average 17c, pure lard 11 1/2c, compound lic.
Quotations listed for Chicago commodities on February 28 show No 2 red wheat at 1.13 to 1.14, No 2 hard at 1.09 to 1.12, No 2 yellow corn at 75 to ¾ cent, oats standard at 42 to 43 cents, and barley at 62 to 70 cents.
In St Louis on February 28 quotations show Wheat No 2 red at 1.1744 and No 2 hard, Corn No 2 at 72 cents and No 2 white at 72 cents, Oats No 2 at 42 and No 2 white at a nominal price.
Receipts and quotations for hogs cattle and sheep show market movement. Hogs 16400 head with porker prices ranging from 6.25 to 8.85, cattle receipts about 600 with native beef steers at 7.50 to 9.80 and cows 5.00 to 7.25, sheep receipts 3800 with yearlings 8.30 to 10.00 and lambs 9.00 to 11.40.
Kansas City market update shows wheat No 2 hard at 1.05 to 1.09 dollars and No 2 red at 1.05 to 1.10. Corn No 2 mixed 68 68 5c, No 2 white 68 to 68 6 8c, oats No 2 white 45 4c, No 2 mixed 42 to 43c.
Wheat May 1.00 dollars and July 0.99 and a half cents. Corn May 0.68 and July 0.69 and a half cents. Oats May 0.41 and a half cents.
Trading opened with selling in moderate volume as week end advisories sparked fresh unsettled sentiment. Declines of one to two points hit Marine preferred Cripple Creek and Lackawanna Steel Baldwin Locomotive New York Air Brake Studebaker. rail issues like United States Steel New Haven Union Pacific Erie fell, while Petroleums rallied slightly. noon weakness and renewed war group selling pushed prices lower. readings show U S Steel under pressure with readings and Berlin rumors cited. close was heavy.
Fort Worth buyers received 1800 cattle as the market stayed active with price ranges for beef cattle and hogs. Bulk cattle traded near 8.00 to 8.30 per hundredweight, with lambs and yearlings quoted in the 7.60 to 10.50 range and various other stock categories listed with specific prices.
Chicago reports for hogs cattle and sheep with receipts 28 000 hogs 18 000 cattle and 16 000 sheep. Hogs range bulk 8 55 to 8 79 light 3 15 to 8 70 mixed 8 86 to 8 75 heavy 8 30 to 8 80 rough 8 30 to 8 45 sows 7 00 to 7 90. Cattle native beef steers 7 00 to 9 60 western steers 6 90 to 8 25 wreckers and feeders 5 70 to 7 75 cows and heifers 3 30 to 8 30 calves 8 50 to 11 26. Sheep receipts 16 000 market steady sheep 8 00 to 8 50 lambs 2 26 to 11 00.
New York report notes time loans at 24 percent for 90 days and 2 to 3 percent for six months. Call money remains steady with high and low at 2 percent and 1 percent and the ruling rate at 1 percent. Last loan 2 percent and closing bid 1 percent with offers at 2 percent.
Quotations indicate mixed potato and grain trading with receipts of 6099 cases and 51 cars reported. Firsts ranged 21c and 20c at mark, with ordinary firsts 19c to 20c. Regional prices show Wisconsin Michigan Minnesota and Dakota whites at 87 and 85c, reflect Ohio at 85c.
Kansas City Missouri on February 28 reports dairy and poultry prices with butter at 32c for firsts 31c seconds 28c packing 19c eggs at 24c firsts seconds 1c poultry hens 18c turkeys 20c springs 16c.
Observations recorded at 7 a m Monday February 28 1916 by local forecaster Allen Buell. The brief entry notes morning readings and remarks on conditions.
New York markets show mercantile paper at 3 percent and sterling exchange steady. Sixty day bills at 4.75 percent, demand 4.7615, cables 4.77. Guilders demand 2.42 and cables 2.42. Bar silver and Mexican dollars quoted 48 percent. Government bonds steady while railroad bonds weaken.
Lead at 6.49 with copper firm and iron steady. Electric near 28.59 with June and later at 27.50. Tin strong with March at 46.00 and April at 45.00. Prices shown for No 1 northern and southern iron and No 2 grades.
London market notes lead prices with values 32 lis 6d for Boelter and spot silver at 195 pounds sterling. Futures listed at 108 pounds sterling and 136 pounds. Spot tin quoted at 186 pounds 5s with futures at 186 pounds 15s.
New York on February 28 reports futures easing with March at 7.68 and July showing softness as market watchers note tight supply signals.
Kansas City April 28 Harry Sinclair former Federal League magnate says he has sold all his baseball assets except Hal Chase the single player not yet transferred to a club He declares he made money not loss and plans to resume oil operations in Oklahoma He spoke while en route to Tulsa from Kansas City
Two Detroit American League players catcher McKee and pitcher James have left Detroit with Secretary Navin for Waxahachie Texas. They will stop in St Louis to join Pitcher William Sullivan before continuing to the camp. Other pitchers and catchers expected to arrive at Waxahachie by March 1 from their homes.
Joe Benz, White Sox pitcher, leaves Chicago for Mineral Wells Texas to join J Scott the first Sox player to reach the camp. Danforth Williams and catcher Lynn are slated to report later in the week to the spring training quarters.
Cotton goods markets stayed strong this week in New York. Prices rose across many lines including print cloths, denims, and ginghams, with dark colors often above light shades. Yarn and knit sectors remained firm, while print cloths and pricings varied by width and fabric type.
A fragment notes a theater manager discussing presenting Hamlet to the public this week and mentions the house in a brief, period tone. The quote suggests a mispronunciation or error in the word presented by the manager.
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