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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 24, 1916
Page
15
In New York on March 24 cotton seed oil closed easier with spot bids at 10.50. March contracts ranged 10.60 to 10.90, April 10.75 to 10.79, May 10.79 to 10.6f, June 10.75 to 10.9, July and August 10 to 10, September 10, October 9.53 to 9.6. Total sales 32 300.
Chicago market notes butter lower at 31 36c for creamery and 19 19%c for firsts at mark. Eggs receipts 22 381 cases with firsts at 19 194%c and ordinary firsts 18 18%c. Potatoes down with 45 cars. Wisconsin Minnesota and Dakota white priced 6c. Poultry alive lower with fowls 16 %% and springs 17% sc.
Seattle officials announce that a ninety day car shortage hindering Western commerce is virtually resolved on the Pacific coast as of today.
Liverpool reports weekly totals with shipments and imports. American goods amount to 121 000 and 910 000 in various categories, while British stock and imports include 98 000 and 679 000 respectively. Port figures show 114 000 and 89 000 in different streams.
Detroit report quotes Frank G. Lopez the South American representative saying a Brazilian vegetable provides a limitless dye source and could replace the German product, signaling potential major supply shift in the dye market.
In Savannah on March 24, turpentine held steady with sales at 187 and receipts at zero. Resin remained firm with 259 sales and 453 stock figures, while prices ranged with turpentine at 4.80 and resin around 5.35 to 6.85 per unit.
Daily quotations from major cotton markets show the middling grade quoted for delivery at the market with San Antonio Houston and Galveston figures listed. New Orleans totals and other market drums are noted, reflecting a dominant factor in price but minimal movement overall.
Cotton traders in Texas watched showers around Fort Worth influence selling in the afternoon while bulls hoped rain would boost grain acreage and limit cotton. Futures closed 1 to 2 points higher. spots steady with firmer local business. San Antonio buyers paid 11.66c for middling. several hundred bales sold. Mexican developments stay influential amid border unrest concerns.
The New York cotton market opened firm with May at 11.98, July 12.10, October 12.17 as buyers from Liverpool-backed houses and trade demand supported old crop months. Prices eased later on Wall Street selling, July to 11.95 and October to 12.05, amid talk of weaker spot demand, then steadied as trade covered and weather in the western belt remained unsettled but not rain-heavy. By midafternoon, declines narrowed and July traded near 11.99 while October hovered around 12.11 despite continued quieting activity.
Daily precipitation measured none and a .06 inch total for the day. Deficiency is .0 inches. Since January 1 total rainfall 2.26 inches with a 2.52 inch deficiency.
Chicago broadcast notes wheat declines tied to Liverpool prices and favorable Southwest weather. Corn drops on distress selling with weak export demand, oats fall, hog prices lift provisions. May and July wheat and corn futures show mixed moves as speculative shorts dominate trading.
Cotton futures opened firm in New York with May at 11.90, July 12.02, October 12.16, December 12.31, and January 12.35. Futures closed 1 to 3 points higher with ranges noted for high and low. Reading shows erratic OCR with some misprints but indicates upward close.
Market quote notes Liverpool is expected to open about 3 percent higher with an 11 o'clock call to follow. The report references New York activity and includes tentative figures for May and July with mixed e-AL97 and 11.85 to 12.08 ranges.
The New Orleans cotton market opened dull but steady as Mexican developments created opposing effects. Texas rains were reported but South Texas did not receive the anticipated rainfall. July futures rose two to four points, while spot demand fell, pushing prices five to six points below yesterday's close by noon.
The San Antonio grain market reports bids per bushel for various grains. Wheat sells at 1.25 dollars in Texas and 1.31 dollars in northern markets. Corn quotes include Texas No. 3 at 78 cents and northern mixed at 75 cents, northern white at 77 to 80 cents. Oats show Texas red at 48 cents bulk and 51 cents in sacks, northern white 66 to 68 cents, sacks 67 cents. Oklahoma prices align with Texas grades.
The market opened steady in New Orleans with May at 11.72 and July at 11.92 asked. October and December stood around 11.90 to 12.02 with January near 12.08, while prices closed largely unchanged to a point higher amid uneven session levels.
Friday quotations show dry salt extras at 14 cents and 16 cents, bacon extras at 14 to 16 pounds average, 16 cents, fancy breakfast bacon at 26 cents, fancy hams at 2 unknown, bellies 14 to 16 pound average, lard at 18 percent, protective compound at 1 cent.
Spot cotton quoted in Liverpool with Good middling at 8.00d and middling 7.784d while low middling stands at 7.474d. Sales reach 6000 bales with 2500 for export and speculation. receipts total 2000 bales.
Futures quiet with March to April at 7.54 percent and successive monthly spreads from April to May 7.53 to March-April 7.17 percent. The report lists multiple front and next-month contract figures.
Quotations recorded in St Louis show No 2 red wheat at 1.14 and No 2 hard nominal. Corn prices range No 2 at 72 and No 2 white at 72 per bushel. Oats trade shows No 2 at 42 and No 2 white nominal.
Quotations listed for March 24 show wheat at No 2 hard 1.01 to 1.08 dollars and No 2 red at 1.04 to 1.09, corn No 2 mixed 65 cents, No 2 white ranges, oats No 2 white 45 to 46 cents, No 2 mixed 40 to 42 cents.
Kansas City report shows Wheat May at $1.00 over, Corn May 66 2/3 cents, July 6 2/3 cents, and Oats May at 41 2/3 cents.
Fragmented OCR lists cities including New Orleans Savannah Charleston Wilmington Norfolk Baltimore Boston Philadelphia Brunswick and mentions statistics codes like L506 S008. The readable portion notes cotton data references across multiple East Coast ports with no clear event or outcome.
Market brief notes cotton price movements in San Antonio with emphasis on local at a glance figures. Report highlights daily price ranges and showing how new crop values compare to prior sessions.
Ten fat one year old steers shipped from Fort Worth to San Antonio weigh 700 to 990 pounds and bring 11 to 16 cents per pound on the hoof. Local dealers pay top prices to uphold the city’s reputation while hotels and restaurants help dispose of the meat as prices rise across packing provisions and side meats.
Oklahoma City reports: Three hundred fifty cattle steady, two thousand two hundred fifty hogs steady with top nine dollars forty cents. Chickasha cattle numbers listed. York Coffee futures firm with May at eight dollars eighty-one and Dec at eight dollars twenty-nine.
Quotations from Chicago on March 24 list Wheat with No 2 red at 1.10 to 1.11 dollars and No 2 hard at 1.09 to 1.10 dollars. Corn No 2 yellow stands at 74 to 74 1/2 cents, Oats standard nominal, Barley 61 to 78 cents.
Galveston March 24 reports arrive El Sud from New York Wilding Barriog. El Siglo sails. New York March 24 lists arrival Stam pals Naples.
Buyers paid prices for Friday deliveries with dairy and poultry items listed. Texas country candied butter and creamery goods ranged 31 to 32 cents per pound, country butter 18 to 20 cents, packing stock 17 to 18 cents. Poultry prices showed hens 5.00 to 6.50 per dozen, friers 4.00 to 6.00, broilers 3.59 to 4.00, turkeys 17 to 18 cents a pound, ducks 4.50 to 5.50 per dozen, geese 7.00 to 20.00 per dozen.
Cattlemen face worsening drought as Fort Worth rains improve pasture outlook while San Antonio showers offer little relief. At Union Stock Yards, market activity is light with receipts of 397 cattle, 43 calves, 11 hogs, 1 sheep and 280 goats. Prices stay steady with steers near 6.50 to 7, cows to 6, calves to 7, and hogs around 8.25.
Fort Worth market report shows cattle receipts at 900 with steady to mixed prices and hog receipts near 3000 with gains. Beeves bring around 6.50 to 7.35, stockers 6.00 to 7.00, cows 5.50 to 6.50, calves 4.50 to 8.50, hogs mostly 9.20 to 9.45, sheep and goats noting lambs 9.00 to 10.25 and goats 4.00 to 5.75.
Receipts and quotations for hogs cattle and sheep in Kansas City show 3500 hogs traded with a higher market. Prime fed steers 9.25 to 9.65, dressed beef steers 7.90 to 9.15, cows 5.00 to 8.25, lambs 10.85 to 11.50, yearlings 8.9 to 9.5, wethers 8.25 to 9.00, ewes 7.75 to 8.50, stockers 6.75 to 8.80.
Receipts total 20 000 hogs with strong demand and varied butcher hog prices from 9.40 to 9.85 per cwt. Bulk 9.70 to 9.80. Cattle receipts 1 000 with steady trade and price ranges for Native beef steers 7.75 to 10.05, western steers 7.75 to 8.75, stockers 6.00 to 8.25, cows and heifers 4.10 to 9.00, calves 8.00 to 10.50.
Receipts totalled 5000 hogs with higher prices for several classes ranging from 7.00 to 9.90. Cattle receipts 600 with steady market. native beef steers 7.50 to 9.60, cows 5.50 to 8.50, stockers 5.50 to 8.00, Texas/Oklahoma steers 5.25 to 8.00, calves 6.00 to 10.00. Sheep receipts 2300 with steady market. yearling rams 8.00 to 10.40, lambs 9.00 to 11.70, ewes 6.50 to 8.50.
Kansas City market update lists butter quotients with Creamery at 34c for firsts 32c for seconds and 20c packing. Eyes firsts 2c. Poultry prices shown for hens 164c turkeys 29c springs 25c.
Metal shares topped activity at the open with Anaconda Inspiration and Kennecott Copper changing hands at fractional gains. Studebaker Mexican Petroleum and American Smelting rose early while rails weakened later, with late support helping major issues hold gains as the market ended steady after a dull afternoon.
Trading in Mexican money in San Antonio Friday showed varied quotations with bids and asks for several notes. The State Bank and National Bank notes were quoted, along with Bank of London and Mexico issues and Carranza money, reflecting a complex currency snapshot.
London reports bar silver at 28 percent per ounce and money at 474.14 percent. Discount rates for short bills and three months stand at 6.1 percent.
New York on March 24 reports mercantile paper at 3.34 percent. Sterling 60 day bills at 4.72, demand 4.765, cables 4.77. Guilders demand 0.42, cables 0.424. Bar silver at 60% cents. Mexican dollars 46 cents. Government bonds firm, railroad bonds firm.
Time loans steady across 60 days to six months with yields around 2 to 3.8 percent. Call money steady to high with ruling rate near 2 percent. last loan 2 percent and closing bids near 1.5 percent, offered at 1 percent.
Metal markets report from New York on March 24 shows lead at 7.94 dollars bid while copper stays quiet. Electrolytic copper near term and later prices listed, tin steady at 49.50 dollars spot. Iron remains firm and unchanged.
London market prices show lead at £35 5s and £92 for spot copper at £113 108 with futures at £110. Electrolytic copper trades at £136 while spot tin stands £199 158 and futures at £194.
Raw sugar prices showed weakness with centrifugal at 5.71 and molasses 4.94 in New York on March 24. Refined products held steady with multiple grades listed from Cut loaf to powdered and granulated sugars, reflecting mixed demand and pricing.
Observations recorded at 7 a m on Friday March 24 1916. Wind speeds under ten miles per hour and precipitation under .01 inch are not published hereon. Allen Buell Local Forecaster.
A local social page lists a Dixie grand moonlight dance at W 10 W hall on Saturday March 25 with admission 25 cents and Willett's Orchestra. Also notes Athenaeum Society meeting in Gibbs building Friday with a bi centennial exposition debate and various speakers.
Mrs Myrtle L Campbell will read a paper on The Horned Lizard Its Life Habits and Economic Value before the biological section of the Scientific Society Friday evening. The meeting will be in the society's rooms in the Stevens building. Excursion Plan Proposed by Manufacturers' Club secretary C C Leel plans a trade trip with members invited to participate.
Melville Alexander of Toronto, Canada, the school’s youngest graduate, completed the Stinson flying course with the least actual flying time. He is 18, left Thursday night for home, and was followed by Paul Vance, a Texas National Guard member, joining the program on a scholarship arranged with Adjutant General Henry Hutchings.
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