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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 19, 1916
Page
11
A garbled forecast mentions clear and partly cloudy conditions with possible rain. It references air tech, precipitation, and mentions wind speeds and past trends but contains many unreadable terms and errors.
Market activity shows nerves as traders anticipate price rises on the Mexican crisis. Analysts cite supply concerns and potential trade disruptions affecting cotton futures and spot markets.
The cotton market shows cautious steadying as Liverpool spot houses feel the impact of the Mexican crisis. Opening in New Orleans slips then recovers with prices finishing above Saturday’s close. New York and San Antonio buyers pay local compress prices.
The New York cotton market opened mixed with nerves over Mexico and drought forecasts. July traded around 12.74 after a dip, October rose to 12.92 while December reached 13.97 as selling eased later. overall activity remained quiet with minor net gains.
New York cotton futures opened steady with July at 12.70 and December at 13.05, with October 12.88 and March 13.27. Closes show a gain of 2 to 6 points. Liverpool expected to open Tuesday, slight gains anticipated. The 11 o'clock call follows fashion notes on satin.
In New Orleans on June 19 the cotton market opened with a 5 to 7 point drop due to clear weather. Bulls cited the Mexican situation as favorable and by late morning most months rose above Saturday’s close. A rain forecast boosted demand and prices edged up to a net 1 to 8 point gain by noon, then turned dull in the afternoon with late trading 3 to 4 points below Saturday’s close.
New Orleans June 19 Cotton opens steady with futures bids for July 12.55 October 12.68 December 12.79 January 12.82 March 13.08. Closing bids show a muted gain of 1 to 2 points despite the steady start.
Spot cotton held steady with Good middling at 8.334 cents per pound and middling 8.174, low middling 7.994. Trade volume reported at 5000 bales with 500 for export and speculation. receipts nil.
Liverpool reports futures trading easing with quotes across contracts from June to June July and through May to June. Notable figures include June 7.884 and November 7.67a with subsequent 7.61% yd and 7.59% 9d for other forward periods.
New York reports steady cotton seed win market with bids for July through December listed and total sales 27,000. Prices shown include July 10.86 to 10.88, August 10.51 to 10.79, September 10.81 to 10.80, October 9.79 to 9.80, November 8.91 to 8.99, December 8.78 to 8.83.
Light receipts on Monday’s produce trading seen on Produce Row and at commission houses. Tomatoes remained dominant with Texas picked lots selling at 15 cents per crate of four baskets. Prices overall steady with expectations of rain in producing areas. New York poultry houses to receive two carloads of Texas fryers and hens later this week, unloaded in San Antonio Wednesday. Fancy hams at 21 cents per pound and fancy breakfast bacon at 26 cents per pound.
Wholesale trade details prices for potatoes onions tomatoes celery cabbage peppers lettuce and more. Listings cover Texas California and Washington products with per crate bushel dozen and per hundredweight figures along with dried fruits canned goods meats and nuts.
Heavy receipts at the Union Stock Yards boosted supply and pushed hog prices lower across markets. Quoted hogs at the local yard hovered around 9.00 to 9.25 per hundredweight while heavy hogs sold for 9.20 to 9.25. Cattle and sheep movements were mixed with cattle steady to lower and Chicago sheep following cattle trends.
Fort Worth market reports show cattle receipts around 5000 with steady prices. Beeves range eight to nine dollars, cows five to six seventy five, heifers around five fifty to eight, bulls about four to six and calves four to nine dollars. Hog receipts near 4800 with values five to ten cents lower, bulk nine dollars ninety four, heavy nine fifty to nine fifty five, mediums around nine four to nine fifty, lights about nine twenty five to nine fifty. Sheep receipts about 2500 with lambs two dollars to five dollars and fifty cents, yearlings seven fifty to eight fifty, ewes six to six fifty, bucks three seventy five to four seventy five.
Kansas City market quoters show hog receipts 12 000 with a lower market. Bulk 9.40 to 9.60, heavy 9.45 to 9.66, pigs 8.50 to 8.75. Cattle receipts 14 000 with steady to lower. Prime fed steers 10.25 to 11.16, dressed beef steers 8.00 to 10.25, southern steers 6.40 to 9.75, cows 5.00 to 8.25, heifers 7.25 to 10.00, stockers 6.75 to 8.50. Sheep receipts 7 000 with market steady. Lambs 8.50 to 11.10, yearlings 7.75 to 8.50, wethers 6.25 to 7.50, ewes 6.00 to 7.00.
Receipts for hogs cattle and sheep listed with ranges and market tone. Hogs bulk and various classes quoted from about 9.19 to 9.85 per hundredweight, cattle show weak demand with native beef at 7.75 to 11.35, calves at 8.50, sheep with wethers 7.00 to 8.00 and lambs 7.50 to 10.25, springers 8.00 to 11.30.
In St Louis on June 19 receipts for hogs were 11 000 with prices from 7.75 to 9.80 per unit, cattle receipts 6 500 with varied ranges for native beef steers yearlings cows and calves, and sheep receipts 7 500 with Weerbng and lamb prices listed. Market remained slow for cattle and steady for sheep while hogs showed a lower trend.
June 13 cattle sales list average weights and prices for consignors including O'Connor Estate Arcola M Compssy and W R Farr Uvalde with calves and cows reported at market. Notable prices include 7.76 for calves and 6.65 for cattle from Palaturrias.
Cattle did not show a steady trend. Hogs totaled about 1900 head and sold 15 cents lower with top at 9.45. Sheep numbered about 100. Notable lots included J Metz Ninekah Oklahoma with 22 steers averaging 902 pounds at 6.78 and 82 steers averaging 1025 pounds at 7.96.
San Angelo Texas reports spring wool, mohair, and mutton sales totaling about 1.6 million dollars. Four million pounds of wool valued at one million, 800000 pounds of mohair worth 100000, plus hundreds of mutton head sale proceeds of 500000. Indiana woolen mills agent William Campbell bought 100000 pounds of wool at over 25 cents per pound. Gilmore T. Gwin arranged the sale.
New Orleans market notes show cotton price movements and trends briefed for traders. Local figures highlight recent shifts in futures and spot prices guiding buyers and mills through the day.
Shippers list weekly prices for country butter poultry and eggs in San Antonio with figures for butter creamery 25 to 30 cents per pound country 25 30 cents per pound poultry hens per dozen 4 00 to 5 60 large fowls 4 50 to 5 50 broilers 2 50 to 3 00 turkeys per pound 1 50 to 2 2 1 cents per 2. Ducks per dozen 6 50 to 6 00 geese 6 00 to 7 00
Butter unsettled while creamery prices rise to 25 28. receipts total 14 070 cases. Firsts 21 21 cents, ordinary firsts 18 2/3 cents per case. Potatoes unsettled with old receipts around 23 cents Anglo. Minnesota and Dakotas white potatoes at 1.15 to 1.22 dollars. New receipts in cars Triumpha 1.40 to 1.55. Virginia Carolina barreled 4.50 to 5.00. Poultry alive steady with fowls at 17 1/2 cents.
Quotations for butter and eggs show creamery butter at 29c, firsts 27c, seconds 25c, packing 22c. biges at 21c. poultry hens 15 4c, roosters 10 2c, springs 25c. New potatoes weak with Triumphs from Texas Oklahoma Louisiana at 1.25, old potatoes weak. Minnesota Red Russet and Ohio at 1.00.
Raw sugar values remained steady with several types quoted around 6.39 and 5.00 for molasses. Refined options showed firm levels with loaf at 8.80 crush 8.65 and diamond A at 7.65, while powdered and granulated grades traded near 7.75 to 7.80.
In New York on June 19 soft spots persist in some cotton sectors while overall values stay steady and mills run near capacity given tight labor. Coarse and heavy cloth are stronger than medium and fine, print cloths fall, bleached goods hold, and colored cotton stays firm with prices noted for various fabrics.
Arrived in Galveston on June 19 showing El Fud from New York Nils from Nov Puerto Mexico and Jotunfiell from Sweden with Shields. Sailed: Infanta Isabel from Spain, Barcelona via Havana.
The steel mill saw its largest week of orders for foreign accounts led by Russia with 200000 tons of 67 percent rail and 200000 tons of barbed wire. France placed 2000 more cars via Canada, Italy closed for 27000 tons of Bessemer pig iron. Domestic inquiries rise for 18009 cars, 49000 to 59000 tons of raise, and track accessories. car builders booked 246 cars.
StatePurchasing Agent George Leavy reports progress in awarding bids for meat lard and other supplies to 21 state eleemosynary and educational institutions. Armour Company wins 715000 pounds of fresh meat with undisclosed price. Texas Refining Company of Greenville and San Antonio wins 160000 pounds of lard split between offices.
Temperature above normal across the belt with rainfall over an inch at Calico Rock Texarkana Ark Lake City Florida. Allen Buell meteorologist Weather Bureau reports the June 19 bulletin from San Antonio Texas.
The Sun reports John McKeon, a Griffin's garage bookkeeper, found his typewriter used by a big gray rat that tapped lines and erased itself. McKeon plans to trap the literary rodent while noting a “ratese” sheet as proof, amid a note on German polarizing apparatus for glass defects.
June 19 market opened with broad declines amid Mexican tensions. Mexico at risk dragged down securities led by Mexican Petroleum Southern Pacific and United States Smelting with 1 to 3 point losses. Rallies appeared in active issues but overall tone remained feverish as sessions closed near session lows.
Mercantile paper steady at 3 percent. Sterling exchange shows 40 day bills at 4.72% and demand 84.75%. Cables report 4,764 for dollar sterling. Government bonds weak. Time loans easier 60 and 90 days at 8 and 3 percent. Call money steady around 3 percent. Last loan 3 percent. closing bid 2 percent.
New York June 19 stocks were unsettled amid Mexican market concerns. The Mexican group fell 2 to 4 points while investment stocks slipped about 1 point overall.
Lead at 6.85 asked with weak spelter, copper near term at 27.59 to 29.75, Tron steady with No 1 northern around 20.50 to 21.00 and No 2 around 20.00 to 20.50, tin unsettled with spot 40.00 to 42.00.
The telegram notes lead at 31 pounds 7s 6d, spelter at 68 pounds, copper spot at 114 pounds, futures 106 pounds, electrolytic 139 pounds, spottin at 178 pounds and futures 178 pounds 5s, with prices in sterling and pence.
The record notes wind under ten miles per hour and precipitation under .01 inch are not published. A meteorologist Allen Buell comment appears, followed by an old superstition about a bride breaking a dish at her wedding in many countries.
Associated Press correspondence describes the Italian Army mule line marching along Alpine paths. The 11 to 13 hand high pack mules, bred in mountains and unafraid, haul planks and cannon shells amid earthquakes and volcanoes, with upwards of 250,000 in service from Abruzzi to Sardinia.
San Antonio Negroes marked the emancipation anniversary with events at San Pedro, Brackenridge, and Emancipation parks and a Seguin trip for a large celebration. City and county officials attended a banquet after the opening ceremony led by J. G. Wimberly. A barbecue and dinner were served to ex-slaves and veterans.
A San Francisco man, Samuel Samuels, reawakens in Milwaukee after ten years with memory loss from an earthquake injury. He claims former wealth and a clothing store in Frisco, puzzled by his 2000 mile displacement. An American correspondent recalls a Kitchener briefing amid the Omdurman battle. A Jersey church tale notes clergy kissing brides after ceremonies with a line about half-price fees.
War moves in reward to Mexico triggered higher breadstuff prices. Initial wheat quotes rose to about 1.00 to 1.04 per bushel with July near 1.02, and September around 1.04. Corn followed the upward trend as traders priced in the Mexican situation and broader cereal strength, with corn finishing 1% to 1%18 higher.
On Monday Carlots buyers paid for grain and hay delivered in San Antonio. Prices included Corn Texas No. 3 84 1 2 c mixed 6s c Northern No. 3 white 86 c mixed 6 c Oats Texas No. 3 red 41 c. Hay Mile maize No. 3 bulk 1.15, feterita No. 3 bulk 1.15, Kaffir corn No. 3 bulk 1.15, cane hay per ton 11, prairie hay per ton 10.50, Johnson grass per ton 11, alfalfa choice pea green New Mexico per ton 16.
The report lists quotations for No 2 red wheat at 1.61 percent and No 2 hard at 1.0291.02 percent along with corn No 2 yellow at 764 percent 75 40 and standard oats at 39 percent 40c and barley at 0 79c.
Quotations to day show Wheat No 2 red 1 09 to 1 11 and No 2, 72 to 75 cents. No 2 white 75. Corn and Oats quotes are nominal with No 2 and No 2 white around 6 to 7 cents.
Wheat prices listed with No 2 hard at 96 to 1.02 dollars and No 8 red at 98 to 1.02. Corn quotes show No 2 mixed at 71 to 72 cents and No 2 white oats at 39 to 40 cents.
Kansas City report shows grain futures ending steady. Wheat July 95 1/2 cents, September 95 1/2. Corn July 70 1/2, September 88 1/2.
The article lists price quotes from a packing house for products including dry salt extras, 1X0 bacon extras, dry salt bellies averaging 14 to 16 pounds at 17X cents, fancy breakfast bacon at 36 cents, fancy hams at 31 cents, bacon bellies 14 to 16 pounds at 18 cents, and pure lard at 14 cents plus compound lard at 124% cents.
A World article notes a statistician who studies currency lifespan and asserts the average life of a dollar bill is three weeks. The piece contrasts rapid money turnover with the longer life of a morning glory and laments the difficulty of extending a bill’s life beyond mere paper statistics.
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