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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 25, 1916
Page
11
Wheat rallied to the season's high as bullish buying returned after an opening dip. Market shifted from initial bearish pressure to a firm close with May around 1.83 and July near 1.24. Corn mirrored wheat while oats held steady and hog prices lifted provisions on lighter trading.
Market data from Chicago shows quotations for oats and Indian summer grains with open, high, low and close figures. Provisions futures for pork lard and ribs display mixed moves with January and May contracts noted.
Carrot buyers in San Antonio were shown delivered grain prices: Wheat Texas $1.30 per bushel, northern $1.81. Corn Texas No. 8 69 cents, northern No. 2 mixed 73 cents, northern white 73 cents. Oats Texas red 46 cents in bulk and 44 cents in sacks, northern white 54 cents in bulk or sacks. Oklahoma prices equal Texas.
Packing house quotations listed for Tuesday include dry salt extras at 13 cents, bacon extras at 14 cents, dry salt bellies 14 to 16 pounds at 15 cents, fancy breakfast bacon 27 cents, fancy hams 18 cents, bacon bellies 14 to 16 pounds at 16 cents, pure lard 12 cents, and compound lard.
Quotations from Chicago show No 2 red wheat at 1.34 1 2, No 2 hard wheat, No 2 yellow corn nominal, standard oats 53 53 1 2 cents, barley 65 80 cents.
ST LOUIS Mo Jan 25 Quotations today show wheat No 2 red at 1.40 to 1.41 ½ and No 2 hard nominal. Corn No 2 at 72 ½ to 73 ¼ cents, No 2 white 78 cents, other corn at 50 to 50 ½ cents for No 2 and No 2 white nominal.
Kansas City market notes list wheat prices for No 2 hard at 1.23 1.28 dollars and No 2 red at 1.23 1.28. Corn prices show No 2 mixed at 70 cents and No 2 white at 84 54 cents. Oats quotations include No 2 white at 83 54 cents and No 2 mixed at 48 49 cents.
Grain futures closed with May wheat at 1.26 percent, July wheat 1.19 percent, May corn 74 cents, July corn 74 addre, and May oats 71 cents, as Kansas City markets finished trading.
The Southern Pine Association notes for the week ending Friday January 21 total new business booked 81 418 400 feet and pine orders on hand 74 928 400 feet while pine output orders amount 84 397 600 feet.
Forty acres in cultivation facing rail road within a quarter mile of depot, valued at 2300 dollars, clear title. Owner will exchange for a cottage or house of equal value and assume 1500. Also seeking trade equity in Bally-built bungalow for a good late model car and a solid proposition for a beautiful home. Phone Travis 5386.
For sale 160 acres a bargain priced at 2500 dollars located 15 miles from the railroad. Address 256 Light.
60060 acre improved ranch stocked with Hereford cattle near railroad with shallow water and good grass. located near Marfa Texas. box 40 Marfa Texas reported in local listing.
New York January 25 United States Steel showed strength with an opening block of 2000 shares at 84 to 845 and climbs to 85 amid overall gains in specialties and war issues. Industrial Alcohol dipped after a two point rise. trading narrowed to lower priced specials in late sessions. Steel and copper hit best prices before an irregular close.
Trading in Mexican money in San Antonio Tuesday showed bid and ask quotations for various notes and coins. Silver pesos traded around 41 to 42 cents per peso, along with bank notes and Carranza money at fractions of a dollar.
London financial notes show bar silver trading between 76 and 160 per ounce. Money rates stand at 4 percent with discount rates for short bills and three months at 5 percent.
Lead quoted at 6.95 with no spelter quote. Copper firm at 25.25 to 25.50 for Q2 delivery. Tron steady. Tin spot steady at 4212 bid.
A London market brief lists lead at 31 pounds 6 pence per ton and 92 pounds for Spelter, with spot copper at £91 56s, futures £90 108, electrolytic £120, spot tin £179 10s, and antimony at £125.
Galveston reports arrivals including Corinto and Barrios and departures with San Ricardo from Brazil and Tuxpam listed for the period.
A brief from San Antonio outlines current cotton market conditions with price levels, supply cues, and regional demand signals. It highlights local price ranges, ongoing trading activity, and factors affecting immediate pricing in the Texas market.
Quotations from key cotton markets show middling grade prices with delivery in market, highlighting figures for San Antonio and New York as well as New Orleans and other centers. Trading activity is noted with sales counts across locations, reflecting daily price basis for buy and delivery.
Union Stock Yards notes cattle weak and sheep lower while hogs rise on the quotation card. San Antonio buyers pay a nickel more for hogs. steers bring up to 6.50, cows around 5.75, calves 6 to 7, top hog price 6.75. Receipts include cattle, calves, hogs and horses. sheep and goats pens are empty.
Fort Worth Texas cattle receipts 3500 market steady with price ranges across beef cattle stockers cows heifers bulls and calves. Hog receipts 3500 market up to 15 cents with varied bulk heavy medium mixed and light classes. Sheep receipts 300 market steady with ranges for Samba yearlings wethers ewes culls and goats.
Receipts and quotations show hogs at 25 000 with a strong market and varied bulk to heavy prices, cattle receipts at 41 000 with a weak market and ranges for native steers cows and heifers and edives, and sheep receipts 17 000 with a weak market for wethers and lambs.
Hogs receipts 11 500 with higher prices. Pigs and lights 7.60 to 7.75, mixed and heavy 7.50 to 7.89. Cattle receipts 14 000 with market steady to lower. Native beef steers 7.60 to 9.59, yearling stock 8.50 to 9.35, cows 5.00 to 7.50, Texas Oklahoma steers 5.25 to 8.50, calves 6.00 to 10.75. Sheep receipts 2 000 with prices lambs 9.00 to 10.90, yearling wethers 8.99 to 9.25, ewes 6.25 to 7.60.
On January 23 in Kansas City receipts and hogs rose with bulk hogs at 7.30 to 7.60, heavy hogs 7.50 to 7.65, light hogs 7.20 to 7.50, pigs 6.25 to 7.00. Cattle receipts 10,000 with values: prime fed steers 8.40 to 9.25, dressed beef steers 7.00 to 8.25, cows 4.25 to 7.00, heifers 6.50 to 9.00, stockers 6.00 to 7.80. Sheep receipts 12,000 with lambs 10.00 to 10.75, yearlings 8.00 to 8.28, wethers 7.25 to 8.00, ewes 6.75 to 7.50.
Last sale January 1941 at 50455 with receipts 69 shipments 50 stock 12577 for resin quiet with sales 143 receipts 1005 shipments 2263 stock 63284. Prices listed for various grades with limited context and unclear abbreviations.
The cotton market moved little with narrow price changes in New York and New Orleans while southern spots remained steady. Futures fell 5 to 10 points. San Antonio offered 11.75 cents for middling. Domestic mills and foreign buyers appeared, yet export doubts kept sentiment bearish.
In New York on January 26, the cotton market opened steady then fell two to six points. March dropped to 12.11, May to 12.36, and July to 12.46 before rallying as covering and buying orders from continental and Japanese interests emerged. Liverpool sold and then bought, with spinners reportedly placing bidding to fix prices and bullish southern spot news aiding the rebound.
In New Orleans early trading showed a heavy tone with little bullish support. Prices fell five to seven points intraday before a late recovery as favorable spot department accounts spurred gains, leaving October futures up one point at 1:30 PM despite afternoon declines and short-covering activity.
New Orleans traders note steady opening for cotton futures with December at 12.55 and January through July contracts listed by month. Prices eased into the day with March and October quotes drifting from earlier highs before closing modestly down.
Spot cotton eased in Liverpool on January 25 with good middling at 8.48d, middling 8.13d, and low middling 7.75d. Sales reached 5000 bales, including 500 for export and speculation, while receipts totaled 25,000 bales.
About 400 delegates gather for the eighteenth convention of the Tex Hardware and Implement Men's Association in Houston. Exhibits include a motor driven tractor operable with kerosene. Secretary Henry Marti of Dallas reports the federation’s success in lifting the Progreso embargo and criticizes railroad limits on carload shipments. Dallas to host next convention.
Futures steady in Liverpool with a series of forward rates quoted for the year. Rates span from January at 7.89%4d to December-January at 7.29%4d, covering monthly and multi month contracts through the year.
New York trading shows cotton seed oil cloged strong with spot at 9.15 and January to August futures listed at 9.50 19.00, 9.21 9.30, 9.22 9.24, 9.22 9.25, 9.20 9.21, 9.21 9.23, 9.28 9.30, 9.32 9.33. Total sales 32,500. Town Topics joke notes a father’s quip about a daughter's value per front foot.
Market notes onions at 3.75 per ordinary stock while potatoes hold at 2.40 to 2.50 per hundredweight. Supply is about 40 percent below last year, bolstering prices as vegetables dominate the market along with cabbage lettuce and spinach. Prices have remained firm since the freeze.
The grain market remains steady this week with professional activity at speculative centers and gloom from the export outlook. In San Antonio mills hold flour prices, basis at 6.10 per barrel, while eggs butter and poultry arrivals rise as weather improves and demand stays active.
Wholesale market notes Eggs steady with Texas country candled at 27 28c and storage 23 24c Butter firm with Texas creamery at 32 330 per pound Poultry firm Hens 4 50 6 00 per dozen friers 3 50 4 50 broilers 2 0 3 50 per hundred turkeys 15 16e a pound ducks 4 50 5 50 per dozen geese 7 0 10 0 per dozen Rabbits 0 75 1 00 per dozen.
Butter unchanged. Creamery prices at 23 30 per pound. Eggs lower with receipts 7538 cases and firsts 26 4c, ordinary firsts 25c at mark. cases included 24 26c. Potatoes lower with 65 cars received. Whites from Minnesota Michigan Wisconsin and Dakota at 92c to 1 dollar. Minnesota and Dakota Ohios 8 5? 92c. Fowls 16c, springs lie.
Butter creamery prices top 29 cents for firsts and 27 for seconds, packing at 19. Eyes commodity lists show firsts at 26 cents and seconds at 20. Hens sell at 13 cents, turkeys at 18, and springs a.
New York reports firm cotton goods with several bleached lines up a quarter cent per yard. Yarns remain firm with fine carded numbers scarce and costly. Silks rise as raw silk gains 12 1 2 cents per pound. Dress goods lines of staple character are being opened for fall.
A steady market tone for rough Honduras and Japan rice in New Orleans trading. Rough Japan quiet. receipts shown and several price quotations listed for rough Honduras and Japan, along with rice polish and bran values.
Observations taken at 8 am 75th meridian time Tuesday January 25 1916. Wind under 10 mph and precipitation under .01 inch not published. Allen Buell Local Forecaster.
Washington reports a 70 percent surge in American exports for 1915, totaling 3.555 billion dollars. The year set a trade balance record near 1.772 billion dollars, with December exports at 359 million and imports shrinking due to war and a shift to duty free goods.
Laredo reports customs figures show imports from Mexico for the last six months of 1913 rising nearly 200000 over 1914 and exports increasing by more than 3000000. Despite train service gaps in Mexico, the period totals indicate strong cross border commerce with 1815 figures listing 4317500 in imports and 2709195 in exports.
Union Pacific railroad earnings for December reveal a gross gain of 1 868 377 and a net increase after taxes of 1 025 434. For the first six months of the fiscal year the firm shows a gross rise of 4 993 949 and a net increase of 2 980 199.
More than a million dollars worth of goods are released for shipment from Russia under a recent export agreement meeting American importer demand. Department officials expect a shipment to come through soon. Skins seeds and chemicals constitute the chief products shipped.
The state Senne board issued certificates of authority to operate businesses to City State Bank of Wellington in Collingsworth county with capital stock of 50 000 and Bloomburg State Bank of Bloomburg in Cass county with capital stock of 10 000. Both banks are guaranty fund institutions.
Raw sugar and refined sugar prices remain steady in New York on January 25. Bid levels for cut loaf, crushed, mould A and other forms range from $4.77 to $6.78 with powdered and granulated varieties quoted between $5.75 and $6.60.
Chicago report shows the Atchison Topeka and Santa Fe railway system posting a six month net operating revenue increase of 3 286 138 over the prior year to December 31 1915. Operating income also rose by 2 92 387 in the same period.
The Texas department of insurance and banking will publish a report on 850 state banks and trust companies for the period November 10 to December 81, 1915. The report will indicate healthier funds and a rise in individual deposits compared with the prior period.
San Francisco January 25 The Southern Pacific Company disclosed large increases in both gross and net revenue for the six months ending December 31 Expositions at San Francisco and San Diego were active during most of the period.
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