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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 24, 1916
Page
9
Report notes failed attempts to stimulate demand for cotton. Weather line items show unclear sentiment with varying conditions. Forecast mentions wind, temperature and precipitation signals, but data on wind speeds and recent rainfall are incomplete.
The Supreme Court, in the Brushaber case, sustains the constitutionality of the income tax amid a fifty year battle. Justice White and fellow justices address the sixteenth amendment power, retroactivity, and exemptions while tracing the tax history from Civil War to 1913. The ruling follows five prior suits testing various features of the tax and upholds the new federal levy.
The document lists middling cotton prices delivered at market in several cities. Values include San Antonio 11.65, Houston 12.30, with higher quotes in other markets and large quantities noted.
The New York cotton market opened 2 to 8 points lower amid selling and hedging by Southern and Wall Street sources. The Census showed 6 202 bales gained before January, new crop deliveries held steady, and Liverpool activity supported early declines as March and July slid to around 1.19 and 12.56. Prices eased and traded near the day’s lows with narrow fluctuations as liquidation continued.
The market opened steady with January futures at strong levels and a series of future dates including March and May quoted. By session end futures fell about 11 to 1 percent, with notable highs and lows obscured in the fragmented OCR text.
An 11 oclock call notes Liverpool remains scheduled to open Tuesday with a key development centered on a single tower. The New York call indicates a close, while other lines like Sede cochk ne Mo suggest fragmented or unclear routing details. The fragmentary text points to scheduling and location traits but lacks full context.
Cotton futures in New Orleans opened weak as pro traders sold heavily. Despite census ginning data of 123000 bales for January 1 to 16, prices slid 14 to 18 points, with noon down 14 15 points and by 1:30 afternoon activity at about 20 points below last week’s close.
New Orleans market reports opening cotton futures as steady with January at 11.84, March 12.09, May 12.37, July 12.53, October 12.54, December 12.78. The session then closes 14 to 15 points lower amid mixed highs and lows.
New York cotton seed oil prices end steady with January to August contracts listed from $9.08 to $9.25 per unit. Total sales reach 16,800. Separate note reports coffee futures for No. 7 Rio T%C with March at 7.07 cents and July at 7.27 cents.
A fragmentary dialogue recalls a returned patriot recounting the siege. One speaker notes hearing gunfire overhead while another mentions wielding an en trenching tool in combat. The exchange hints at frontline improvisation and courage.
New York stocks opened dull with narrow moves as United States Steel edged up briefly then slipped. Rail shares including Union Pacific fell irregularly amid eight hour movement concerns. Specialties such as Industrial Alcohol United Fruit American Tobacco rose, while steel fell to 82 1/2 as rails stayed heavy and late short-covering limited losses.
New York mercantile market shows prices up modestly with sterling sixty day bills at 4.71 percent and demand at 4.76 percent. Guilders demand 43 percent with cables 44. Bar silver quoted at 57 1/2 cents. Mexican dollars at 44 4/5 cents. Government bonds steady while railroad bonds move lower in trading.
Trading in Mexican money in San Antonio Monday showed bid and asked quotations across bank notes and Carranza currency. State Bank notes and National Bank notes appear with modest premiums, while London and Mexico Bank notes show varied figures.
On January 4 in New York time loans were easy with rates for 60 days at 24 percent, 90 days at 22 percent, and six months at 23 percent. Call money was steady with high 2 percent and low 1 percent, closing at 21/2 percent.
Raw sugar quoted with centrifugal at 4.77 and molasses sugar at 22.00. Refined sugar unchanged. Prices listed for cut loaf 6.75, crushed 6.65, mould A 6.30, cubes 6.16, powdered 6.95, fine granulated 5.85, diamond A 5.85, confectioners A 5.76, No. 1 5.69.
The ninth cotton ginning report shows 10,766,202 bales ginned prior to Jan 16, 1915, down from 14,915,850 last year and far lower than 1913 and 1912 levels. State tallies include Arkansas, Florida, Georgia, and others with varying percentages of crop ginned to date.
Jan. 24 report from Union Stock Yards shows cattle selling 6.00 to 6.50 per hundredweight, cows 5.00 to 5.75, calves 6.00 to 7.00, hogs mostly down with Fort Worth and Oklahoma City up 10 to 15 cents. San Antonio paid up to 6.75 for a few hogs. regular basis 6.69. goats unseen.
Hog and pig prices range from 4.50 to 6.75 with bulk hog weight groups around 7.00 to 7.40. Cattle show a mix of cows 6.55 to 6.75 calves 4.00 to 4.50 and bulls near 4.00, while sheep and lambs trade from 5.75 to 10.00 with yearlings at 7.00 to 8.25 and goats 2.50 to 4.50. Receipts listed: hogs 5000, sheep 6000.
Chicago markets show slow cattle and weak sheep with varied hog and pig prices. Hog prices range from 5.60 to 7.65, cattle excerpts list native beef steers at 6.30 to 9.75 and western steers 6.50 to 8.15, cows and heifers 3.20 to 10, calves 7.75 to 11.00, sheep wethers 7.60 to 8.25 and lambs 8.50 to 17.00.
Kansas City cattle and hog markets show steady or strong trends with sizable receipts. Hogs reach 10 000 head as bulk 7.15 to 7.40, heavy 7.35 to 7.45. cattle receipts 13 000, prime fed steers 8.50 to 9.90, dressed 7.50 to 8.40. sheep receipts 15 000, lambs 10.00 to 10.85, yearlings 8.25 to 9.25, wethers 7.26 to 8.00, ewes 6.75 to 7.60.
In St Louis on January 24, hogs and pigs saw higher selling prices with types including pigs and lights at 6.00 to 7.50 and good heavies near 7.65 to 7.70. Cattle receipts reached 3800 with a slow market. native beef steers ranged 7.50 to 9.59 and yearling stock at 8.50 to 9.35, cows 5.50 to 7.00, Texas and Oklahoma steers 5.26 to 8.60, calves 6.00 to 11.00. Sheep receipts were 2000 with steady to strong demand. yearling wethers 8.00 to 9.25, lambs 8.00 to 10.85, owes 6.25 to 7.50.
Fort Worth Texas January 24 cattle receipts 2260 steady Beeves bring six dollars per head as market figures show price stability for the day.
Chicago early Monday saw support from export buying as risk and farm reserve estimates shifted. Wheat prices rallied after initial declines with May around 1.31 1 1.82 and July near 1.24 1.25, while corn weakened yet supported by liberal receipts and active commission buying. Provisions fell as hogs weakened and oats tracked the grain downturn.
San Antonio grain buyers paid prices for Monday deliveries: Wheat Texas 1.36 per bushel and northern 1.31. Corn Texas No 3 69 cents per bushel and northern No 2 mixed 73.8 cents. Oats Texas red 46 cents a bushel bulk and 40 cents in sacks. northern white 62 cents bulk and 64 cents sacks. Oklahoma prices mirrored Texas.
A local page lists meat prices including dry salt extras at 13 cents and bacon extras at 14 to 15 cents. Fancy breakfast bacon is shown at 27 cents and fancy hams at 18 cents with bacon bellies 14 to 16 pound averages. Also noted are Pure yard at 12 cents and compound lic.
Chicago market brief lists grain and feed values with Wheat No 2 red at 1.34 1/8, No 2 hard 1.30, Corn No 2 yellow 78 1/8 cents, Opts Standard 55 5/8 cents, Barley 67 80 cents.
Quotation update from St. Louis on January 24 shows Wheat No 2 red 1.36 to 1.40, No 2 bard 1.31. Corn No 2 52 to 72 cents, No 2 white 60 to 72 cents, Oats No 2 60 to 65 cents, No 2 white 52 to 56 cents.
Quotations for wheat and corn given in Kansas City on January 24 with No 2 hard and No 2 red wheat at about 1.21 to 1.28 dollars per bushel, No 2 mixed corn around 70 cents, No 2 white corn higher, and oats priced No 2 white about 50 to 51 cents and No 2 mixed about 46 to 47 cents.
Kansas City grain closes show Wheat May 1.235 and July 1.18, Corn May 0.745 and July 0.745, Oats May 0.105 with a volatile tone as traders watch market signals and weather ahead.
Infant daughter of Mr and Mrs Roy Norton found dead in bed in Temple Texas early today. Authorities believe she suffocated by bed clothing during the night.
Charles Douglass held in Greensburg jail on death sentence for murder beat his guard into insensibility with keys stolen and escaped with two other prisoners early today.
Reuters reports from Athens that negotiations between Greece and the entente powers for a new loan are nearing conclusion.
Observations recorded at 8 a m local time on Monday January 24 1916. Readings document atmospheric conditions and metrics for this date.
San Antonio wholesale houses, especially dry goods and furnishings, struggle to fill large orders as warehouse stocks deplete and East freight blockades delay new deliveries. A major eastern shirt and undergarment maker reports 75 percent of mill operators ill with influenza, delaying shipments. Produce row sees steady demand with fruit and eggs improving, while vegetables remain tight and poultry remains in strong demand.
Market report lists eggs steady with Texas country candied at 27 28 cents, common stock at 16 17 cents, butter firm with Texas creamery at 32 33 1 3 cents per pound. Poultry prices show hens 4.50 to 6.00 per dozen, fryers 3.50 to 4.50, brailers 2.00 to 3.50, turkeys 15 to 16.5 cents per pound, ducks 4.50 to 5.50 per dozen, geese 7.00 to 10.00 per dozen. Rabbits per dozen vary 0.5 to 1.00.
Butter steady. Creamery butter 23 304,c. Eggs lower with receipts 2930 cases. Firsts and ordinary firsts 26c at mark. Potatoes steady with 58 cars received. Michigan Wisconsin Minnesota and Dakota whites 95c to $1.05. Minnesota Dakota Ohies 90c4 to $1. Poultry alive higher with fowls 15c and springs 14c
Kansas City dairy market reports show creamery butter firsts at 29 cents per pound, seconds 27 cents, packing 1 cent. bees first 26 cents, seconds 0. hens 13 cents, turkeys 18 cents.
Cattle sales list results from Fort Worth Texas dated January 24 with ranch names and prices. Grand Prairie notes 26 stocker cows at 3.23. Cage Cattle Company Stephenville lists stocker steers at 6.25, 4 bulls and other entries. Joe Coltulla Catarina appears with 25 stocker cows at 6.50. J M Stephens Brady shows 1033 stocker cattle at 6.80.
Oklahoma City market report shows cattle 8509, market slow but hogs rising with top at 7.55. Bulk buyers paying 7.40 to 7.00, average weight and sales figures listed for Anadarko Caldwell Duncan and Weaver entries.
New York metal markets show lead quoted at 6.10, copper firm at 25.00 to 25.50 for electrolytic second quarter delivery, iron steady with No 1 northern 20.25 to 20.75, No 2 19.75 to 20.25, No 1 southern 20.00 to 20.50, No 2 19.75 to 20.25. Tin spot at 42.12.
Lead at 13 pounds 15s per long ton, Spelter 92 pounds. Copper spot £91, futures £90 12s 6d, electrolytic £120. Tin spot £180, futures £180 10s. Antimony listed.
King Nicholas of Montenegro and his son Prince Peter arrived in Rome aboard a royal train from Brindisi. He wore national costume and noted weariness after a hurried journey. King Victor Emmanuel greeted him at the erini terminal as crowds applauded. The monarch will depart Rome at 9 PM to join his wife and two daughters in Lyons.
Austin dispatch reports the Texas Railroad Commission has not yet reached a unanimous decision on whether to request $3000 from the governor for legal services in briefing the Shreveport rate case. A conference was held but no ruling was issued, with one member reportedly opposing the expenditure.
Eugene Toftre a 31 year old member of a prominent Letot Dallas county French colony family was found unconscious in a tent near his home with a bullet wound in the head a revolver lay nearby His family is said to be related to General Joffre and he had been in ill health his recovery is doubtful.
Three canaliform rifts in Mars north polar cap were discovered by astronomers at Lowell Observatory. The most conspicuous rift aligns with Cadmus canal and observations suggest vegetation emerging through snow.
The secretary of state filed an amendment to the charter of the H. Dittlinger Roller Mills Company of New Braunfels, Texas, increasing capital stock from $15,000 to $250,000.
John Alexander Hill a renowned writer and publisher of science periodicals and books died today from arterial trouble while driving from his East Orange New Jersey home to New York City. He was 38 years old.
A. L. Mohler of the Union Pacific Railway was injured yesterday in Omaha Nebraska. He remained fully conscious and his condition was reported today as improving.
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