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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 23, 1916
Page
24
Vague fragment mentions air pressure levels and wind, references temperatures and precipitation. Identifiable entities include none clear. lacks full sentences and date. Contains hints of wind, clouds, and light rain around a reporting window, but specifics are unreadable.
Market notes indicate cotton values shifted over narrow price lines in the past week amid speculative activity. Traders watched fluctuations as prices flirted with key support and resistance levels.
Speculative activity was light with a narrow price range as weather and crop reports dominated. Eastern belt fears eased, Texas rains helped, and private dispatches slated bullish crop news next week. New York closed steady, New Orleans firmer, San Antonio buyers posted local prices for deliverable cotton at the compresses.
Eastern belt rains and damage reports renew confidence in cotton prices with early gains. Hedge selling kept values modest despite steady overall tone, as October, December and January futures fluctuated before closing with slight net advances amid active short-covering and better spot markets. Weather forecasts indicate showers east of the Mississippi, tempering fears of heat.
In New Orleans July 22 the cotton market opened narrow as Texas rains balanced with eastern belt forecasts. Early prices ran a point below yesterday, but showers in the eastern belt spurred buying and lifted quotes 7 to 8 points from the day’s last level.
Liverpool July 22 spot cotton prices show middling at 8.13d with a middling quoted 0.974 and low middling 7.814. Total sales reach 2000 bales, including 300 for export and speculation, with an import quota of 18,200.
Liverpool reports futures data with odd formatting showing July futures near 7.81 and several contract months listed with small percentage differences, including August September and October shipments.
The local market highlighted strong lemon gains with prices surging from 5.75 to 4.00 and then to 7.00 per box amid heat driven demand for lemonades and cooling drinks. East coast demand keeps prices high into August, while California arrivals ease supply.
Wholesale prices to trade list Texas New Red potatoes at 2.86 per hundredweight and various onions peppers tomatoes celery and other produce. California and Texas items appear for cucumbers lettuce cantaloupes cantaloupes grapes and dried fruits with dozens of per hundredweights and per crates prices, plus canned goods meats fish and seeds.
The Houston district reports 24 hours ending 6 a m. with temperature and rainfall data. Weather conditions across stations are summarized for the period, including notable changes and trends in the 76th meridian time.
New Orleans prices noted with remarks on unsettled weather across the belt. Temperature near normal with rainfall of an inch or more reported at several cities including St. George C and Raleigh. Wind under ten mph and precipitation under .01 inch not published.
New York reports steady but quiet cotton goods in staple lines and firm yarns. Silks in velvets, sateens, and brocades were purchased for fall, while wool markets remained firm.
Cattle receipts 609 dull with Reeves and Hoge ranges. Reeves cattle mostly $4 to $9.50 for calves, stockers $6 to $6.50, cows $4 to $6, heifers $5 to $7.50. Hoge receipts 626 firm to 10 cents lower. prices from $9.20 to $9.60 for heavy to light. Sheep market steady. lambs $9 to $8.75, yearlings $8 to $8.75, ewes $6 to $6.75, goats $4 to $5.50.
Receipts total hogs 600 with prices mostly five cents lower. Bulk buyers 9.35 to 9.60, heavy hogs 9.60 to 9.45, packers and butcher 9.50 to 9.60, snout 9.35 to 9.55, 8.99 to 9.20 for other grades. Cattle receipts 500, market steady with prime fed steers 9.60 to 10.85, dressed beef steers 7.25 to 7.50, western steers 6.60 to 6.00, southern steers 5.50 to 8.25, cows 4.50 to 6.00, heifers 6.00 to 9.50, stockers 5.50. Sheep receipts 100, market steady. lambs 9.50 to 10.00, yearlings 7.50 to 8.0, western 7.00 to 7.50, ewes 6.75 to 7.00.
Washington reports Texas wool producers face a prosperous year with unusually high prices. In June the U S average for unwashed wool was 28.7 cents per pound, up from prior years, with fleece weight near 6.92 pounds valued around $2 per fleece. Australian growers also show progress, per the Agriculture Department.
Chicago market news shows hog receipts at 10 000 with slow trading and varied bids from 9.00 to 10.00 for several categories, cattle receipts at 300 with steady trade and beef prices from 3.30 to 10.60, and sheep at 2 000 with a strong market, ewe and lamb prices listed.
St Louis market reports show receipts of 4000 hogs and lights at 9.00 to 9.85 with several classes up to 9.99, cattle receipts 200 with steady ranges including native beef steers 7.00 to 10.85 and cows 5.50 to 8.00, and sheep receipts 900 with yearlings 6.00 to 9.50 and spring lambs 7.00 to 10.00.
Buyers paid steady prices for country produce in San Antonio on Saturday. Texas candled butter ranged 25 to 39 cents per pound, country butter 20 to 26 cents, packing stock 18 to 19 cents. Poultry values held firm with hens 4.50 to 6.50, friers 4.50 to 5.50, broilers 2.50 to 3.40, turkeys 16 to 17 cents per pound, ducks 4.90 to 5.00 per dozen, geese 4.50 to 6.00.
Turpentine firm reports 420 42% grade with 246 males and 583 receipts and 179 shipments leaving 13 553 stocks. Resin firm shows 1681 sales and 2272 receipts with 760 shipments and 67 980 stock. Quotations list rates from 5.50 to 7.00 across grades A to W.
Kansas City July 22 prices show butter creamery 28 first 26 second 28 packing 21. Eye rates 22. Poultry hens 58, roosters 10, springs 22. New potatoes steady. Triumphs 56 from Texas Oklahoma Louisiana. Kaw Valley early Ohlog weak 55.
Chicago July 22 market report shows no butter or eggs in market. Potatoes rise with receipts 20 cara Vir ginia bulk 854 90¢. Kansas Missouri Illinois and Ohio total 75 80c. Poultry live prices drop with live fowls at 16 cents and springs at 21 24 cents.
In Elgin Illinois on July 22 butter traded at 85 tubs while quotes indicated 27 percent of firm. New Orleans market notes July 22 show rough rice holding firm and clean rice quiet with no sales or receipts and unchanged quotations.
New York reports easing of time and call money rates helping a stock market rebound last week. Special stocks recovered with variable gains, rails lagging, and short interest shrinking as certain issues rallied. United States Steel barely moved while industrials, autos, and tobacco posted notable advances and a strong close.
New York stocks report weekly progress as last sale figures compare with the prior week. The summary notes fluctuations and performance across leading issues on the trading floor for the week ending today.
Mercantile paper stands at 4 percent. Sterling rates show 60 day bills at 4.71 percent and demand at 4.75 percent with cables. Guilders demand and cables at 41 percent. Rains river and Mexican dollars at 8 and 4.5 percent. Government and railroad bonds hold steady.
London reports bar silver at 803 164 per ounce with discount rates at 4 percent. Short bills show 3 to 5 percent, three month bills at 5 percent.
James J. Neill of San Angelo sells his 10000 acre Lipan Creek ranch in Tom Green county to F. P. Green of Burnett county for 100000 dollars. Eighty percent of the property is tillable and expected to be divided for sale to farmers. A separate note mentions stray electric currents from a railroad causing trees on a Brussels street to bud after shedding leaves in autumn.
A York market brief notes coffee prices with July seed buyers steadiness. The report cites September at 9.40 and December at 8.54, indicating stable futures activity and steady price levels for nearby and distant contracts.
Texas yields per bee colony exceed all states and surpass U S averages. The Department of Agriculture reports Texas at about forty pounds per colony versus 26 nationally, with a 75 percent year over year increase. Drought reduces plant condition to 65 percent in Texas.
The weekly statement shows actual condition with excess reserves at 108,085,360 dollars, up 12,975,890 from last week. Loans total 3,184,946,000 with a decrease of 3,887,000. net demand deposits 3,124,748,000 down 2,195,000. net time deposits 185,263,000 up 5,169,000.
The story follows Alyina Nelson once of Lodz and her husband a former Russian soldier as they finally reunite in Angel Island immigration offices. After months of peril and separation they converge in America with Nelson and his fiancée both surviving dangerous travels across Russia Harbin Nagasaki and San Francisco. A Red Cross nurse then cares for the bride as they plan a new life together.
Strength in wheat due to reports of crop damage from black rust lifted prices through the week. Weather favored corn and oats, while provisions rose with grain markets despite hog price declines. Reports from Morris and Manita John of rust on upper stems spurred another price rise. September and December futures closed notably higher.
Wheat No 2 hard 1.12 to 1.17 dollars. No 8 red 1.19 to 1.25. Corn No 2 mixed 80 cents. No 2 white 85 to 88 cents. Oats No 2 white 42 to 48 cents.
Kansas City futures show slight gains as markets price July corn at around 79 1 2 cents with near term term contracts noted in July.
Quotations from St. Louis cash grain show No 2 red wheat at 1.2714 1.38 percent, No 2 corn higher at 0.82 and No 2 white at 0.297, oats up No 2 new 0.411.
A garbled Chicago market wire lists quotations for corn oats and barley with prices partly readable. The figures show corn at 88 85, oats 424c, barley 67 75e and mentions red and yellow varieties with some unreadable words.
July 22 Chicago market report shows dry salt bacon extras offered at 17 percent, bellies 14 to 18 pounds averaging 18 cents, fancy breakfast bacon 27 cents, hams and bacon bellies around 14 to 16 pounds at 19 percent, pure lard 14 and three quarters cents, compound lard 12 cents.
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