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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 21, 1916
Page
26
The I and G N railroad begins construction of a vast roundhouse in South San Antonio. The steel and concrete structure will feature glass ends and eighteen engine stalls each with a concrete pit.
Work on the I. and G. N. south San Antonio roundhouse and machine shops progresses with forms set for concrete pours. Six buildings start, roundhouse stalls reach 500 feet, turn table 40 feet, and 175 workers plus supervisors toil toward occupancy in six to eight months. Real estate activity rises as land values advance and the South San Antonio Industrial Company promotes new industries.
Trade and industry show ongoing strength with "sold ahead" as a hallmark. Yet this week new business softened from prior high activity as buyers guard stocks and await lower prices. Factors include Europe peace talk, crop promises, weak retail sales, bad weather, and easing semi finished steel strain. Weekly bank clearings $4,759,331,000.
Bureau figures show 2.34 billion in wartime purchases by Europe from the United States through the first twenty months of war. March 1 marked the peak with over 50 million dollars in munitions shipped. Atlantic shipments include explosves and shrapnel at about 1 million daily and powder valued at 500 thousand daily. Firearms and cartridges exceeded 5 thousand dollars in March.
The chief game warden reports a fourfold rise in the fish and oyster business in Texas over the past year. Eight months of receipts total $41,810.39 with disbursements of $29,894.28, yielding net proceeds of $11,616.11 for the period.
Government statistics show US purchases from Germany remain a minor portion of prewar levels. Despite Allied blockade limits a monthly flow exceeds a million dollars with toys topping items at just over two million. Leather goods chinaware laces paper and chemicals follow.
The State Department of Insurance and Banking grants a Texas license to Associated Industries Fire Insurance Company of Chicago to do business in Texas. The firm shows capital stock of 200000 dollars and a surplus of 34328.49 dollars above liabilities.
Neil Neilson trade commissioner for New South Wales Australia, based in San Francisco, meets Texas Agriculture Commissioner Fred W. Davis to gather data on producing mile maize, kaffir corn and feterita for potential introduction to New South Wales. He praises Texas and collects information during his state tour.
The State Warehouse Department at Austin reports bankers across Texas have agreed to finance the cotton crop by lending on warehouse receipts at 6 percent. The move follows a bankers and business leaders committee led by J.S. Cullinan of Houston. Senator Weinert has received the committee’s report and copies are being mailed to Texas bankers.
Texas builders and lime dealers protest the new standard barrel act adopted by the Sixty third Congress. They argue it fixes barrel size for lime with heavy materials, causing higher costs and confusion in construction. Representative Buchanan urges modifications to limit federal reach and protect state practices.
Fort Worth reports that cattle receipts dominate early weekdays with 48 percent Mondays and 34 percent Wednesdays. The USDA data show Monday and Wednesday quotes near 8.50 per 100 pounds, while Friday is about 7.87. No market on Saturday. charts illustrate geographic variations in beef cattle pricing.
A series of land transfers dated 1916 covers deeds and quit claims in Harlandale, Highland Park, Los Angeles Heights, Angeles Terrace, and other blocks. Notable parties include J L Lytle, Alfred W Rhode, Miss Addie Bennett, Paul Lass, W P Scrivener, Herman Klein, Elanor Scrivener, Harlandale Realty Co, Jesse H Kozelski, J M Coker, A G Wimbish, the Schmidt and Grube families, and Olletta Davis. Values range from $1 to $1500 with multiple properties in new city blocks and additions.
Residents of the southern city district form Forty-two Civic Club to boost beautification and participate in the Realty Board’s beautiful yards contest. Mrs Marian Reese leads the effort with local prizes, new vacant lot classification, and a push for window boxes in downtown areas and schools.
The Bureau of Foreign and Domestic Commerce reports over 90 percent of cotton spinning machinery in American mills now made domestically. Imports fell from 1132 units in 1909 to 275 in 1914 as three major firms supplied 80 to 90 percent of output. Profit margins varied but show improving efficiency with new cost accounting and modern tools.
National City Bank reports 1914 15 oil data showing Texas production surpassing 25 million barrels annually and the United States total crude output rising to about 440 million barrels in 1915. Texas emerges as a leading producer alongside California Oklahoma and Louisiana with the United States supplying the majority of global petroleum.
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