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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 29, 1916
Page
11
Grocers announce a ten cent per hundredweight advance on all refined sugar amid light Cuban raws and oversold market sentiment. Prices vary by grade from 8.15 for cut loaf to 6.85 for No 1, with paper and ink prices soaring and rice, lard, and soy markets showing strength.
Buyers paid prices for eggs butter poultry and fowl in San Antonio on Wednesday with eggs steady and poultry values firm. Butter ranges include Texas creamery 31 to 33 cents per pound and country 20 to 25 cents. Hens 6.00 to 7.00 per dozen friers 5.50 to 6.50 broilers 4.00 to 4.59. Turkeys 19 to 20 cents per pound ducks 5.50 to 6.00 per dozen geese 7.00 to 10.00 per dozen.
Butter steady with creamery at 28 36c. Pegs unsettled. Receipts 83 231 cases. Firsts 19%c ordinary firsts 18c. Potatoes higher with 28 cars from Michigan Wisconsin Minnesota and Dakota at 99 100c. Ohios 88 95c. Poultry alive higher fowls 17c springs 17%c.
Kansas City market report lists butter at creamery 5 cents, firsts 33 cents, seconds 2?c, packing 24. Eyes firsts 20 cents. Poultry prices show hens licensed, turkeys 20 cents, springs 2?c.
In New York on March 29 the market shows raw sugar firm at $5.89 and centrifugal at $5.89, molasses at $5.12. Refined sugar unchanged with prices for cut loaf $8.15, crushed $8.00, mould A $7.50, cubes $7.50, XXXX powdered $7.15, powdered $7.10, fine granulated $7.00, diamond A $7.00, confectioners A $6.90, No 1 $6.85.
Market reports indicate ongoing drought in Texas supports cotton prices as supply tightens. Analysts note weather patterns uplift futures while farmers reassess planting strategies amid constrained yields and demand stability.
The March 29 cotton market report notes a bullish tone as Texas drought pressures push prices up in speculative centers. San Antonio offered 11.70 cents per pound for delivery at the local compress, up 25 cents per bale from yesterday, with several hundred bales sold at the higher price.
Cotton opened steady and traded mixed with May at 11.98, July 12.04, October 12.13 as buying steadied on good spot demand from New Orleans and covering. Forecasts of unsettled Southwest weather and potential showers in Texas influenced early selling, then prices firmed late morning before easing slightly in the afternoon.
The New Orleans cotton market opened steadier on dry Texas weather with ceilings forming in early trading and prices dipping 4 to 6 points from Friday. International politics kept offerings up while moderate buying limited losses, midday prices showing a slight net rise of one to three points and steadying after noon.
New Orleans report shows opening bids for May at 11.77 with July 11.93 and October 11.94 and later December 12.06 January 12.14. Prices faded slightly with notable day high and low not fully shown. market closed 3 to 4 points higher on the day amid scattered quotations including March 11. X.X
Liverpool cotton spot holds firm with good middling at 7.82d and sales 6000 while futures decline across the board. New York shows steady cotton seed oil market with spot around 10.50 to 10.75 and total sales totaling 22 000.
On March 29 in New York dress goods and print cloths gained about one cent per yard with carpet prices also rising. Burlap markets stayed quiet while jobbers remained active.
Futures for May at 8.16 and December at 8.42 reflect a quiet session in New York after a day of light trading. A lighthearted exchange about German Zeppelins quotes Private Hawkins and Private Lefevre, ending with a Harvard Lampon remark.
In New York on March 29 copper motors and several war issues led early gains, with steel flat then edging higher, Crucible Steel giving back gains, and specialties improving. By afternoon reaction set in, rails weighed by labor rumors, closing heavy with most sectors down.
Trading in Mexican money in San Antonio shows bids and asks for silver pesos half pesos and bank notes. Carranza money and London Mexico Bank notes quoted with varying discounts and rates. Bar silver in London at 28 1 164 per ounce and money at 4 4% with discount on short bills and three months 4 1 4%.
Lead listed at 8 dollars asked. Spelter not quoted. Copper steady with electrolytic at 27.75 to 28.26 for nearby and 26.75 to 27.50 for June and later. Iron firm and unchanged. Tin spot at 49.00 and .60.00.
London markets report metal prices with lead at 35 pounds per ton and copper futures at 109 pounds with spot copper at 112 pounds. Electolyic tin prices at 136 pounds with futures at 196 pounds and spot tin at 200 pounds.
Turpentine prices and trade activity in Savannah show mixed figures. Buyers record steady receipts and shipments with several grade quotes and a range of buyers and sellers noted, reflecting ongoing market dynamics for resin and related products.
San Antonio market bulletin provides a at a glance update on current cotton prices. It lists price movements in the local market, with reference to futures and spot quotes for various grade qualities and communications from merchants.
Hog prices fell 10 to 15 cents per hundredweight as buyers held steady demand. In Fort Worth cattle receipts reached 2000 with steers 6.60 to 7.35 per hundredweight and hogs trading around 9.20 to 9.55, while San Antonio saw light consignments and mixed selling across cattle calves and hogs.
Chicago wholesale market data for hogs cattle and sheep shows receipts of hogs 38,000 and cattle 17,000 and lambs 15,000. Hogs mixed prices range from 9.40 to 9.85 with heavy and rough grades noted. Cattle include native beef steers 7.60 to 9.90 and cows 4.25 to 8.85. Sheep offer lambs 9.75 to 11.65 and wethers 8.50 to 9.15 amid weak demand.
Receipts and prices show hogs at 9.55 to 9.95 for heavy meat and mixed classes, cattle receipts 3800 with native beef steers at 8.50 to 9.85 and cows 4.00 to 6.00, stockers 5.50 to 8.00, Texas Indian stock at 6.25 to 8.00, calves 6.00 to 10.00. Sheep receipts 1800 steady with yearling wethers 8.00 to 10.40 and lambs 9.00 to 11.75.
Cattle receipts 700 head, 10 cents lower. hog receipts 4890, 15 cents lower. sheep 450. Listings include Hybaver Konowa Oklahoma with 680 pounds at 7.90 and several consignors from Oklahoma and Texas with prices ranging from 5.39 to 8.85. Saco, Me has opened its first theater. city settled 1622, chartered 1867.
Realty men gathered in New Orleans for a National Association of Real Estate Exchanges meeting. Delegates from Chicago Birmingham St Paul and Philadelphia discussed building and apartment house management along with reports on securing recognition for local boards from the Interstate Commerce Commission.
Excavation began Tuesday at the Concepcion avenue power plant of the San Antonio Gas & Electric Co for an addition to expand capacity by 5000 horsepower. Plans include one 5000 hp turbine, two boilers and related equipment, with turbine and boiler rooms to be enlarged. The project follows growth in both electrical and gas facilities, while a new gas-tank installation is delayed by war orders.
Chicago March 29 Wheat rose amid reports of winter crop damage and harsh spring belt weather. Opening quotes slipped then edged higher. May and July moved to about early 1.12 and 1.09 respectively. Corn fell on liberal receipts and growing supply prospects, while hogs dragged down provisions as markets remained unsettled.
San Antonio Grain reports Wednesday prices for delivered grain. Wheat sold in Texas at 1.25 per bushel and northern at 1.31. Corn No 3 in Texas 73 1/2 cents. northern No 2 mixed 78 cents. northern white 77 cents per bushel. Gate Texas red bulk 48 cents. sacks 61/2 cents. northern white bulk 66 cents. sacks 67 cents per bushel. Oklahoma prices align with Texas grades.
The notice lists wholesale bacon and pork cuts with prices and weights. Entries include dry salt extras and bacon bellies around 14-16 pounds, with prices 6c to 18c per pound, plus fancy breakfast bacon and assorted variants.
Quotations from March 29 show No 2 red nominal No 3 bard at 114 percent Corn No 2 yellow nominal Standard Barley 60 to 74 cents.
Quotations listed for wheat No 2 ed and hard at nominal levels, corn No 2 at 72 cents and No 2 white at 72 cents, oats No 2 at 43 43 and No 2 white at nominal.
In Kansas City the wheat market showed No 2 hard at 1.05 to 1.12 dollars per bushel and No 2 red at 1.08 to 1.13. Corn mixed at 67 6 per bushel, No 2 white 68 68, oats No 1 white 46 4 per bushel, No 2 mixed 41 43 per bushel.
Grain futures closed with Wheat May 1.04 dollars and July 1.03 dollars. Corn May 0.68 dollars and July 0.70 dollars. Oats May 0.422 dollars.
Observations taken at 7 am Wednesday March 29 1916 from the Department of Agriculture weather bulletin note wind under ten miles per hour and precipitation under .91 inch are not published. Allen Buell local forecaster signs off.
The Phoenix Insurance Company of Hartford Connecticut has met Texas laws to operate in the state for the year ending February 28 1917. A Certificate of Authority was issued by the Texas Department of Insurance and Banking. Signed by John S Patterson at Austin with official seal.
Business leaders from Houston will arrive in San Antonio at 7 20 Tuesday evening April 11 for the sixteenth annual Houston Chamber of Commerce trade excursion. Adolph Boldt secretary of the chamber sent notices explaining aims to foster personal contact with interior merchants and improve future business relations.
The Supreme Court overruled a motion for rehearing in D. A. Bliss vs. the San Antonio School Board from Bexar County Texas. Judge Bliss sought to enjoin the board from paying a warrant covering the superintendent's expenses for attending the National Educational Association annual convention.
The Supreme Court issued a ruling finding against the individual accused of diverting school funds, ending the legal challenge and confirming the prior judgments. The decision highlights the court’s stance on misuse of education finances and reinforces accountability expectations for officials.
The Tennessee House adopted reports recommending impeachment of Judge Jesse C. Edgington of Shelby County Criminal Court and Shelby County Attorney General Z N Estes. Edgington’s impeachment passed 86 to 0 and Estes 85 to 1 amid ongoing investigations. The article also notes aviation school graduations and pilots in training at Stinson School of Flying on the South Loop with several students listed.
Shelly-Loring Undertaking Co. ad promotes automobile equipment while a Boston Transcript quip has Phyllis and Sthei joking that sophomores will be stationed on downtown corners under the new rules.
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