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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 14, 1916
Page
11
The Prairie Oil and Gas Company today declared a regular dividend of 3 dollars per share and a special dividend of 2 dollars per share payable April 29 to stockholders of record March 31.
Tulsa reports the Patrti Oil and Gas Company stating a ten cent rise in Mid-Continent crude prices this morning, following a higher level on Saturday. The note mentions improved activity and a steadier market stance.
New business booked 98,251,375 feet and shipped 80,470,700 feet while orders on hand reach 412,597,350 feet at week end, according to the Southern Pine Association in New Orleans.
New York reports a firmer market for cotton goods with higher prices and active cloths. Raw silk rose about 20 cents per pound as dress goods sold in active demand while mills constrained orders due to limited delivery capacity.
Spot markets for cotton show strength with prices moving higher while Tuesday futures contracts advance. Traders note steady demand and limited fiber supply supporting gains across benchmarks and futures activity.
The principal spot cotton markets provide daily quotes for middling grade. Prices shown include Sales San Antonio 11.70, Galveston 8? Dallas 1.80, New Orleans 11.60 to 11.83 and New York 10.00 to 11.20 with volumes listed for each market.
The March 14 market notes a buoyant stock mood lifting cotton after morning declines. New Orleans spots rise about 75 cents per bale, New York up 10 points, and Texas markets 19 to 16 points higher. San Antonio offered 11.79 for middling, with spinners active and annual consumption seen around 14.5 million bales.
The New York cotton market opened steady with a one to eight point advance as Liverpool demand and Wall Street buying supported prices. May around 11.96 to 11.88 and July near 12.17 to 12.08, with new crop gains 4 to 6 points amid late day rallies and firmer New Orleans tone.
Cotton futures opened firm in New York with May at 11.94 and July at 12.18 dollars per pound while October stood at 12.32 and December at 12.48 and January at 12.58. Prices closed 4 to 6 points higher with varied highs and lows across contracts.
Liverpool plans a Wednesday opening with priority from 4 until a final point as an 11 o clock call outlines the schedule. The fragment mentions staggered times 11.90 12.00 and 12.10 with unclear notes on Pye toe and related actions.
The New Orleans cotton market opened nervous and irregular with first trades a point or two higher before rising 4 to 8 points. Prices then softened to 1-2 points below yesterday's close, then slipped on West acreage talk to 7-8 points under, before recovering near noon. By 1:30 contracts stood 7-9 points above yesterday's final.
In New Orleans on March 14 cotton prices opened steady with May at 11.77 and July at 11.97. The market closed 6 to 7 points higher, showing gains across several contracts including October and December with mixed quotes and forward curves.
Liverpool cotton market reports steady prices with good middling at 17.184 and middling 7.864 and low middling 7.564. Trade sees 10,000 bales sold for speculation and export while receipts total 14,000.
California and Italy supply the San Antonio market with lemons this month as demand remains strong. War related shifts push Italian lemons into American markets and New York imports spark protests from California growers over price pressures. Eggs Butter Poultry and meat show mixed movements with lard and cooking oils hitting record highs. Grain prices hold steady.
Buyers paid prices for country produce delivered in San Antonio Tuesday. Texas country candied 16 cents per pound. Texas creamery butter 81 33 to 81 1 3 cents. Country 18 to 20 cents. packing stock 13 to 18 cents. Poultry firm prices include hens per dozen 5 to 6 dollars, friers 4.50 to 5.50, broilers 2 to 3.50, turkeys 15 to 16 cents per pound, ducks 4.50 to 5.60 per dozen, geese 7.00 to 10.00 per dozen.
Quotations today show butter steady with creamery at 26% to 35 cents per pound. Receipts total 20,286 cases for firsts 19c and ordinary firsts 18c at mark. Potatoes decline with 53 car receipts from Wisconsin Michigan Minnesota and Dakota at 88 to 98 cents. Poultry alive higher with fowls at 16% cents and springs 18 cents.
Quotations listed for butter creamery firsts 82c seconds 30c packing 20c per lb. Eggs firsts 18 1 4c. Poultry hens 15 1 2c turkeys 20c springs 20c per lb.
New York markets report raw sugar at 45.52 with molasses at 4.75. Refined sugars show cut loaf at 7.80 and crushed at 7.65, mould A and cubes 7.15, WXAX powdered 6.60, powdered 6.7, granulated and diamond A 6.55, No 1 6.65, with con- 6.59 noted.
Partial report from Savannah on March 14 shows Turpentine and Resin firms with mixed figures. Firm 50 percent sales and receipts listed as 141 and 2 shipments 453 stock 9140. Resin firm 1118 sales, 458 receipts, with other figures like 8198 and 65.35 and 85.45 appearing among entries.
In New Orleans on March 14, rough Honduras activity dominates while clean Honduras rice remains steady. Receipts reach 4118 rough and 2116 clean, with sales of 78 sacks rough Honduras at 3.80 and 25 pockets clean Honduras at 3 suc. Prices list rough Honduras 2.50 to 4.20, Japan 2.75 to 4.00, clean Honduras 1 suc, Japan 2 14 4c per ton 25.00 to 26.00, bran 15.00 to 16.00.
Futures quiet and steady in Liverpool with figures listed for multiple forward months from March to March on the calendar. Notable pairs include March-April at 7.6414 and December-January at 7.27444, among others.
New York March 14 Yesterday's broad stock advance continued in today’s early trading with United States Steel Crucible Steel Anaconda Kennecott Copper American Locomotive and Reading among leading issues. Bethlehem Steel jumped 364 points to 55 against last week's 438. Reactions and declines followed late trading as investors realized gains.
Market notes from San Antonio show cattle values slipping slightly while hogs and sheep hold firm. San Antonio sold 215 cattle 126 calves and 137 hogs with hogs reaching up to 9 in limited cases and overall prices near 8.85 for the hog market. Cattle mainly 7 for native steers and 6 for Mexico stock, fat cows 5.50 to 6, calves 6.50 to 7.50. no sheep sold locally. Through traffic included 611 sheep passing to Fort Worth.
Wheat rose on news two eastern rail lines cancelled grain embargoes and Liverpool and Spain showed demand. May futures ranged around 1.08, July near 1.07, with modest intraday gains then closing unsettled on declines. Corn advanced with oats firmer. provisions lacked support and closed steady with minor gains.
San Antonio grain buyers paid prices for Tuesday deliveries with wheat at 1.30 per bushel for Texas and 1.30 for northern. corn No. 3 Texas at 73 cents, northern No. 2 mixed 78c, northern white 77 80c. oats Texas red 48c in bulk and sacks. northern white 65c in bulk and sacks. Oklahoma prices match Texas trades.
Tuesday price list shows dry salt extras at 14 percent, bacon extras 1 cent, dry salt bellies averaging 14 to 16 pounds at 16 cents, fancy breakfast bacon at 2 cents, fancy hams 20 percent, bacon bellies 14 to 11 pound average at 18 cents, pure lard 12 1/2 cents, compound lard 12 cents.
Chicago dated March 14 reports quotes for wheat corn and oats. Wheat No 2 red and No 2 hard around 1.10 91 1 10 and 91 1 0 per bushel. Corn No 2 yellow No 2 white around 77 77 3 4 cents. Oats standard at 44 15 cents and barley at 61 77 1 9 cents.
Fort Worth Texas reports cattle receipts around 2000 with steady prices across beeves stockers and heifers. Hog receipts about 7000 show a steady to lower market with bulk hogs near 9.00 to 9.25, sow and pig prices listed. Sheep receipts 359 with slow market. lambs to 9.75, yearlings to 48.25, wethers 7.75, ewes around 7.50, goats 4.00 to 5.25.
Quotations from St. Louis dated March 14 show No 2 red wheat at 1.17 and No 2 hard nominal. Corn No 2 nominal No 2 white 73 cents. Oats No 2 nominal No 2 white 44 44 1/2 cents.
Wheat price quotes show No 2 hard at about 1.08 to 1.11 dollars and No 2 red at 1 06111 dollars. Corn quotes list No 2 mixed at 69 69 percent ec and No 2 white at 70 cents. Oats show No 2 white at 44 45 cents and No 2 mixed at 40 42 cents.
Receipts and quotations show hogs at 7.00 to 9.95 with heavy orders up to 9.95 and market steady. Cattle receipts around 1000 with native beef steers at 7.50 to 9.60 and cows 5.50 to 6.00, Texas and Oklahoma steers 5.25 to 8.00. Sheep receipts around 100 with lambs 4.00 to 11.50 and ewes 5.25 to 6.50, market steady.
In Kansas City trading on March 14, grain futures closed with Wheat May at 1.604, Wheat July at 1.00 and Corn May at 0.785, Corn July at 0.722, Oats May at 0.434.
Kansas City market reports show hog receipts around 14 000 with steady to firm prices ranging from 9.35 to 9.75 for weights and hogs at 7.75 to 8.75 for feeders. Cattle receipts near 10 000 with prime fed steers at 9.25 to 9.60 and cows 5.00 to 7.75, while sheep demand remains strong with lambs 10.60 to 11.20 and yearlings 9.25 to 10.00.
Texas farmers stored 52 522 bushels of corn on March 1 up from 28 704 last year and 48 960 in 1914, with Texas price 76 cents per bushel down from 96 cents in 1915 and 87 in 1914. Wheat on hand rises with 1916 2515 compared to 1547 and 1365 for prior years, while national figures show increased stocks and falling prices. Cats stored total 9 762 bushels in 1916 versus 4 725 in 1915 and 7 150 in 1914. Oats total 596 600 on farms nationally, versus 879 369 last year and 419 481 two years ago.
Hogs receipts 15 000 slow with bulk 9.70 9.90 night 9.35 9.90 mixed 89.50 9.05 heavy 9.45 9.95 rough 9.45 9.60 pigs 8.00. Peeve Cattle receipts 4900 steady native beef steers 37.60 9.95 western steers 7.49 8.60 stockers and feeders 84.90 8.10 cows and heifers 3.70 8.70 calves 8.60 711.25. Sheep receipts 13 000 steady weth ere 8.25 8.85 lambs 9.75 11.50.
Mercantile paper at 3.31 percent and sterling exchange quoted. 60 day bills 4.71, demand 4.76 and cable 4.76. Guilders demand 4.2516, cables 4.25. Bar silver 56.3 cents, Mexican dollars 43.5 cents. Government bonds steady, railroad bonds irregular.
Market notes show Cott closing easier and London barrel prices with August at 10.35 to 10.36, September 9.36 to 9.31, October 9.29 to 9.31, total sales 31,800. A brief comic dialogue among newsboys contrasts a penny shortage with nuts.
Lead bids at 7.25 with no change in Conver. Electrolytic prices steady with nearby 28.28 and June plus 27.00 to 27.50. Iron unchanged and quiet. Tin spot offered at 55.50.
Time loans in New York on March 14 held firm with 60 day loans at 2 percent and 3 percent for 90 days. Call money stayed steady with high 2 percent low 1 percent and the ruling rate at 14 percent.
New York on March 14 reports steady tones for No 7 Rio coffee and futures. May futures near 8.22 with December unspecified, while spot copper and electrolytics show prices in pounds sterling.
Fort Worth Texas reports cattle sale results with buyers and lots from Temple Vernon Encinai Denton Amanda San Angelo Paloma and others. Figures show average weights and prices per head for stocker calves steers cows and heifers with prices ranging roughly from 3.00 to 8.50 per hundredweight.
Oklahoma City reports cattle receipts of 526 head with market steady. Hoge Receipts show 4300 head at steady market with top price $9.50 and average weight price. Names and figures include Lynn 31 head at 925 pounds and $7.35, 46 head at $7.85, Clarksman 1015 pounds at $7.30 in Berwin Oklahoma.
London reports bar silver at 274 per ounce and money at 4.4 percent. Discount rates show 56 percent for short bills and three months.
Galveston reports arrivals including El Occidente from New York and Naples via Teneriffe, El Mar from New York, and Cam eronia from Glasgow and Liverpool as of March 14. The brief listing notes ships Cam eronia and others in port, reflecting routine maritime traffic updates.
At a state bank board meeting on Monday a certificate of authority to do business in Texas was granted to the Central State Bank of Coleman with capital stock 55000. CC. W. Hemphill serves as president and J. C. Smith as cashier as the bank assumes the guaranty fund protecting its depositors.
A string of Army dispositions orders First Lieut D Mais e Twelfth Cavalry relieved at Fort Mackenzie and to join his troop. Other officers listed receive active duty assignments and leaves of absence with transfers to Fort Ontario Fort Slocum Fort Sam Houston Douglas Ariz and the southern and Philippine departments.
The San Antonio Automobile Dealers' Trade Association is formed after a luncheon meeting at the Travis Club. Directors elected include X. Callahan, Jack Cassidy, Jack V. Neal, Alex Fraser, William Steinhardt, and W. P. Williamson. John B. Carrington addresses. Monthly meetings set for the second Wednesday. president Frank A. Winerich to call luncheons. A delegate pair to the Chamber of Commerce is named.
The 1916 National Feeders and Brooders Show opened in Fort Worth Texas for a week of livestock displays. Exhibits from Texas Oklahoma and Louisiana showcase prize stock while events include Greek drills by Fort Worth High School cadets a dog calling contest and a round-up pageant replacing the horse show. The Buy It Made in Texas industrial display expands as West Texas sheepmen plan stronger mutton exhibits with carloads arriving from San Angelo and Abilene areas.
Kansas City banks and trust companies report total deposits of 191 686 780 dollars, up 28 634 712 since December 30 1915 and 31 433 658 higher than March 4 1915. Figures mark the highest deposits in the history of Kansas City banks.
U S Department of Agriculture Weather Bulletin issued by Local Forecaster Allen Buell notes wind under 18 mph and precipitation under .1 inch not published. The bulletin provides regional weather observations and forecasts.
The Great Republic Life Insurance Company of Los Angeles is certified to do business in Texas for year ending February 28, 1917. Commissioner MO. Patterson signs the certificate at Austin on March 6, 1916, confirming compliance with Texas laws.
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