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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 21, 1916
Page
27
Fort Worth Texas May 20 Cattle receipts 500 market steady Beeves 7.59 8.65 stockers 5.50 7.85 cows 4.25 7.75 heifers 5.50 8.75 calves 4.50 8.50 hogs 700 market steady range 9.59 9.70 heavy 9.75 9.80 mixed 9.54 9.65 lights 9.50 9.70 pigs 4.75 7.00 sheep receipts none market nominally steady lambs 9.00 12.00 yearlings 8.25 9.50 wethers 8.00 8.30 ewes 7.50 8.25 calves 4.50 5.50
Market reports show cotton prices higher for the week with improved confidence across trading points. Analysts note demand strength and earlier price gains sustaining momentum through Friday.
The quotations reflect the middling grade price in the principal spot markets. Prices are stated as 1s for cotton delivered at the market unless otherwise specified.
Texas spot and contract cotton prices advanced as foreign political optimism grew and crop reports from the South were bearish. Rumors of French officials being recalled from Roumania sparked a price dip Saturday, but markets firmed with renewed peace expectations as drought and cool temperatures in South Carolina and Georgia supported gains. San Antonio buyers paid specific prices for cotton delivered to local compresses.
In New York on May 20 cotton futures closed steady with an advance ranging from 1 to 13 points for the week. The week’s results show minor improvements across the board, led by gains in several active contracts.
Liverpool reports spot cotton unchanged with good grade 890d and middling 8.744 cents. Trade includes 500 bales for speculation and receipt, seaward.
The Liverpool futures market shows steady prices across the curve with May at 8.494, May-June 8.414, June-July 8.364 and continuing values through the year. The report lists multiple month pairs with small fractional changes and late spring figures around 7.8 to 8.0.
Hogs receipts 1000 with market strong to higher. Bulk 9.70 to 9.90, heavy 9.85 to 9.95, light 9.60 to 9.90, pigs 8.75 to 9.25. Cattle receipts 200 and market steady. Prime fed steers 9.50 to 10.00, dressed beef steers 8.25 to 9.50, southern steers 7.50 to 9.50, cows 5.50 to 8.25, heifers 7.50 to 9.75, stockers 7.25 to 8.85. Sheep receipts 1160 and market steady. Lambs 10.00 to 12.50, yearlings 9.00, wethers 8.25 to 9.75, ewes 8.00.
Chicago market report shows hogs receipts 9500 with a strong tone. Cattle receipts 106 with steady prices across native beef, western steer, stocker, and heifer categories. Sheep receipts 2000 with steady market for wethers lambs and springs.
Receipts and prices for hogs cattle and sheep reported in St Louis on May 20. Hogs ranged from 7.50 to 10.95 per cwt with steady market, cattle receipts 50 and prices from 5.00 to 11.00, and sheep receipts 3200 with wethers 7.00 to 9.00 and lambs 10.00 to 12.70.
Wholesale markets list to trade with prices for potatoes onions tomatoes celery cabbage peppers beets green beans squash sweet potatoes carrots turnips chili peppers lettuce parsley cauliflower cranberries grapes prunes raisins peaches apples bananas oranges lemons limes grapefruit notes California Texas Arkansas Louisiana and Washington sources with per crate per hundredweight per dozen and per box figures across multiple states and goods for wholesale buyers in a historic price sheet.
New York May 20 futures for No 7 Rio coffee edged little higher with May at 8.65 and December at 8.68 as markets held steady amid thin trading.
The belt area enjoys generally fair weather with temperatures near normal. Meteorologist Allen Buell of the Weather Bureau reports stable conditions and typical seasonal patterns.
New York May 20 copper market shows continued firmness. Major agencies no longer offer electrolytic for delivery before October with quotations from about 29.60 to 20.00 for August and later deliveries. Iron remains unchanged.
New York May 20 Cotton seed oil closed firm with bids for May at 11.00. June 11.01, July 11.03, August 11.10, September 11.12, October 10.22, November 9.42, December 9.32. Sales total 7200.
Chicago market notes show butter unchanged at 26 29 cents, eggs receipts 22 516 cases with firsts at 21 to 21 1 2 cents, ordinary firsts 19 to 20 cents. Potatoes rise with old receipts and new car lots from Michigan Wisconsin Minnesota and Dakota at 90 to 95 cents. pork prices, poultry alive higher with fowls at 18 cents.
Brown cites a sense of humor as laughter at others misfortune while Nay would be angered if it happened to them. The quote discusses humor as a social reaction tied to empathy and fairness.
U S Department of Agriculture releases weather bulletin noting wind under ten mph and precipitation under .01 inch are not published. Meteorologist Allen Buell is cited.
A government bulletin analyzes the so called straddle profits between New York and Liverpool cotton futures. It finds Liverpool losses funded by opposite positions, while U S dealers did not provide money for gains and notes limited U S involvement due to futures law.
M L McClure of Kaneag City told the National Live Stock Exchange convention in Cincinnati that the current plan to market livestock through commission houses must stay intact to protect market values. He warned that changing the system could bring chaos, stressing the need for expert livestock salesmen and high standards, with only a brief nod to pending packing industry scrutiny by the Federal Trade Commission.
Mr. McClure spoke of a successful fight against foot and mouth disease described as practically eradicated. He pledged the association will advocate laws to protect the livestock industry against a recurrence of the disease.
In Austin on May 20 opposition forms among merchants to the Texas fire insurance commission proposed cotton rate revision. An informal conference with commission members ended without action as everyone awaits hearings. Public discussion is set for May 25 along with mercantile rate considerations. Attendees included B. Anderson Fort Worth George King H. B. Smith Waco and D. T. Iglehart Austin.
At a Texas state banking board meeting today the D Hanish State Bank of D Hanish Medina county received a certificate of authority to operate in Texas with capital stock of 10 000.
A brief market snapshot shows cotton price trends in San Antonio with notable shifts in local bids. Traders monitor demand signals and supply dynamics influencing ongoing price movements through the week.
Wall Street faced uneven trading as France's Roumania withdrawals and peace rumors influenced sentiment. Rails led gains with Reading climbing to a record high amid strong accumulation while other sectors varied. Deferred dividends and resumed payouts signaled steady improvements across industries despite foreign liquidation and gold imports boosting sterling.
New York money markets week ending May 20 show clearing houses and trust companies hold 76,956,510 dollars in reserve above legal requirements. This is a decline of 11,830,979 dollars from the previous week.
York markets report 3 percent pests notes and rates for sixty day bills at 4.72 percent with demand 4.76 and cables 4.76. Guilders quoted at 419.16 and 41 percent. Bar silver at 75 and Mexican dollars referenced. Government bonds described as firm while railroad bonds show irregular activity.
London reports bar silver at 36 4 per ounce and money at 4 4 percent. Discount rates for short bills and three months sit at 4 percent.
Saturday buyers paid for Texas country produce with weak eyes and butter. Creamery butter ranged 25 to 35 cents per pound, country butter 20 to 26 1/2 cents, packing stock 17 to 18 cents. Poultry values held steady with hens 5 to 6.50 per dozen, large friers 6.50 to 7.50, broilers 3.50 to 4.00, turkeys 0.15 per pound, ducks 4.50 to 5.50 per dozen, geese 6 to 7 per dozen.
Butter quotes for Creamery 29c firsts 27c seconds 25c packing 23c. Eggs Firsts 21c. Poultry Hens 15c Turkeys 20c Springs 25c.
Raw sugar quiet with centrifugal 6.52 and molasses 3.75. Refined market firm with various grades listed from loaf 8.8 cents to No 1 at 7.50 cents. Confectioners and refined products show steady prices across multiple specifications including powdered and diamond varieties.
Cash reserves in New York banks drop 11 million plus from the prior week as stated by the clearing house. Total reserves stand at 654.65 million with excess reserves down to 76.96 million. Net deposits rise while net time deposits fall, and state banks plus trusts show varied gains and declines.
Marine intelligence from Galveston dated May 20 records sailing ships El Cia and Comal from New York Nils in November as well as movements to Cuban ports and Kingston.
New Orleans May 20 rough rice held a strong tone while the clean grade stayed steady. Receipts were 400 pockets, sales 590 pockets, with Honduras clean rice quoted at 49 1/2 cents per pound.
Elgin Illinois butter market shows prices holding near 29 1 2 cents per pound as buyers and sellers exchange steady quotes amid steady demand.
Savannah on May 20 reports turpentine steady at 8 percent with sales of 100, receipts 231 ship ments 172 and stock 8045. Resin firm with sales 1064 receipts 486 shipments 264 and stock 55348. Quotations list multiple grade codes with prices ranging from 3.45 to 8.98.
Wheat fell five cents a bushel for the week in Chicago on peace rumors and favorable Kansas crop news. Corn and oats varied, with corn steady to up slightly and oats down modestly. pork, lard, and ribs showed mixed movement as futures closed, while overall grain activity moved from opening gains to a late-hour setback.
Carlot buyers reported grain prices with corn at Texas No 2 86 c and No 3 white 8 c, oats No 8 red 4 c, white 62 c, sack prices 3 c per bushel higher, hay prices list bulk and per ton rates for Milo maize Kaffir cane Johnson grass alfalfa with New Mexico green alfalfa at 20 dollars per ton.
Chicago May 20 price notes show No 2 red wheat around $1.12 and No 2 yellow corn near $1.12 with oats at standard 45 percent and barley at 62 and 80 cents.
In St Louis on May 20 quotations show wheat at No 2 red 1.10 to 1.18 dollars. No 8 hard at 1.19 and 1/2 dollars. Corn prices list No 2 at 54 cents and No 2 white at 74 1/2 cents. No 2 ordinary at 42 1/2 cents.
Quotations to Gay were as follows Wheat No 2 hard 1.06 to 1.12 No 8 red 1.05 to 1.11 Corn No 2 mixed 9 1/2 to 0e No white 1 1/0 Me Oats No 2 white 46 1/4 to 4tc No 2 mixed 40 to 42 cents.
Kansas City telegram notes grain features closing steady with Wheat May 1.02 and July 1.04 as Corn May 69 and July 69. The report reflects a stable grain market for the day.
The record notes deal terms from a packing house with quoted prices for salt extras dry salt bacon lard and related goods. It lists prices per pound and mentions averages and various products like fancy bacon and hare while noting 18 percent pure lard and compound items in the quoted range.
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