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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 26, 1916
Page
15
The New York market opened with irregular tendencies across international issues and shipping shares amid lower prices for several specialties. Readings in Reading, American Smelting, Chandler Motors led as inactive stocks gained, while overall volume remained light and final hours showed little change.
Money markets show San Antonio bid and ask for peso halves and various notes. Bank and Carranza money quotes cited with percentages. New York mercantile paper at 3 percent. Sterling bills and currencies listed with rates. Bar silver at 71 2/3 cents. Mexican dollar at 55 percent. government bonds irregular. railroad bonds steady.
Time loans remained steady at 60 and 90 days with rates around 4 38 percent. Call money held firm with high and low at 2 percent and the ruling rate near 2 percent.
London reports bar silver at 343 164 per ounce and money at 444 percent. Discount rates show Ghent bill and three months at 4 percent.
Lead prices range 7.15 to 7.35 with easy spelter in East St. Louis delivery at 14 1/4 cents. Copper steady electrolytic near term 28.00 to 29.25 for August and later. Iron steady. Tin spot 47.00 to 48.00.
London markets report lead at 81 pounds 5 shillings, speIter 90, copper futures 120, spot 121, electrolytic 148, tin spot 193 futures 198. Liverpool weekly cotton statistics show total imports and exports with 65 000 bales to mills, American stocks 701,000, imports 45 000, exports 4 752.
New York markets show mixed prices for refined and raw sugar products and molasses with figures ranging from raw centrifugal 6.40 to refined steady. assorted sugar forms including powdered and granulated around 7.60 to 8.15 per unit. mould A and confectionery grades listed with several variants.
South Texas markets report strong demand for cantaloupes with prices from 1.50 to 1.75 per pony crate and good-sized watermelons at 0.50 each. Cantaloupes and watermelons are moving in volume within a week to ten days, with quality described as unusually fine. Pineapples show active demand around 2.75 to 3 per crate and expect price declines with a large upcoming supply. New potatoes dipped 0.25 per 100 weight, best grades at 2.50, while Texas tomatoes fully replace Florida offerings at 1.50 per four-basket crate.
A wholesale price listing details fresh vegetables and fruits for trade. Items include potatoes onions celery peppers beets green beans squash sweet potatoes carrots lettuce parsley eggplant spinach and fruits like strawberries apples grapes lemons limes and cherries with prices per hundredweight per crate per dozen and per box across Texas California Florida Washington and Louisiana markets.
Wheat prices advanced on bullish crop reports from Kansas Oklahoma and Indiana with July near 1.19 to 1.10 and September around 1.11 to 1.12 as markets opened higher and then strengthened. Corn followed wheat gains but ended weaker after a stronger day, while damage reports from the Southwest highlighted near total Oklahoma crop failure. Prices for grain and hay delivered in San Antonio included Texas and northern corn grades and various hay and forage prices.
May 26 report shows a dull market with moderate receipts across cattle sheep and hogs. Cattle held steady while sheep and hog prices fell 10 to 25 cents per hundredweight. steer tops at 7.50, cows 6.00 to 6.50, calves 7.00 to 8.00, hogs 8.00 to 9.00, and San Antonio sale noted 305 cattle 4 calves 57 horses 21 hogs with 115 cattle 4 calves and 21 hogs sold locally.
Fort Worth Texas cattle receipts 1600 steady Reeves 7.25 to 9.25 stockers 5.50 to 7.50 cows 4.25 to 7.25 heifers 5.60 to 8.25 bulls 4.25 to 6.25 calves 4.00 to 9.00. Hog receipts 1500 lower bulk 9.40 to 9.60 heavy 9.60 to 9.65 medium 9.60 to 9.60 mixed 6.40 to 9.50 light 9.35 to 9.60 common 7.00 to 8.25 pigs 4.50. Sheep receipts 2000 steady lambs 9.00 to 10.60 yearlings 7.50 to 8.50 wethers 7.50 to 8.25 ewes 4.25 to 5.00 goats 4.00 to 5.40.
Quotations show wheat at No 2 red around 1.11 to 1.14 and No 2 hard nominal. Corn No 2 at 71 1 2 to 72 cents and No 2 white at 78 cents. Oats No 2 around 39 9 to 39 9 cents with No 2 white nominal.
Hogs receipts 21,000 with slow market. Bulk 9.65 9.85. light 9.20 9.80. mixed 9.45 9.90. heavy 9.35 9.59. select add 7.20. Cattle receipts 7,000. market weak. Native beef cattle 8.40 10.75. western steers 7.60 9.60. stockers 6.25 9.10. cows 4.75 9.85. calves 8.50. Sheep receipts 11,090. market weak. Wethers 7.30 9.30. lambs 8.40 12.38. springs 10.00 12.40.
Receipts total about 7000 hogs and 1200 cattle with a steady to firm tone. Hog prices range from 7.75 to 9.95 with bulk near 9.70 9.90. cattle show strength with native steers at 7.50 to 10.50 and cows 5.60 to 8.60. sheep receipts 1400 and market steady with wethers 7.75 to 9.25 and lambs 10.00 to 12.20.
Chicago on May 26 quotes show wheat at 1.12 for red and 1.12 percent, No 2 protein at 1191. Corn No 2 yellow at 79 percent and 71 cents. Oats standard 41 42 cents, barley 61 78 cents.
Quotations today show wheat prices with No 2 hard at 1.05 to 1.11 per bushel, No 3 at 1.08, No 2 mixed at 0.66 to 0.69, and No 2 white at 0.65 to 0.68. Oats list No 2 white at 0.44 to 0.46, No 2 mixed at 0.40 to 0.41.
In Kansas City on May 26 grain futures closed steady with Wheat May at 1.03 and July 1.04 while Corn May at 66 4 percent? July 66 2 percent? The report provides concise price levels for May and July contracts.
The U S Department of Local Weather Bulletin notes wind speeds under ten mph and precipitation under .01 inch are not published. Meteorologist Allen Buell provides this regional weather update.
Market brief from Chicago cites quotation ranges for Park May July Open with prices and highs and lows across multiple entries. The garbled data lists bid ask values and closing quotes, indicating a volatile session with inconsistent digits across different listings.
Receipts and quotes show hogs at 6000 head with a lower market and prices from 9.45 to 9.80 for heavy and light categories. Cattle receipts around 690 with prime fed steers at 10.00 to 10.40 and cows 6.00 to 8.75. stockers 7.25 to 9.00. sheep receipts 3600 with lambs 10.00 to 12.00 and ewes 7.50 to 9.0.
May 26 cattle sale results list average weights and prices for traders in Fort Worth Texas with names like Jim Paverend Aledo and J Sherw Son Valeity Mills Calves and steers reported. Oklahoma City sales May 24 show cattle at 10 cents higher on average with hogs and sheep steady and top price of 9.65.
Dry sale extras 144 cents per pound bacon extras local salt bellies 14 to 16 pound average 11 cents fancy breakfast bacon 26 cents fancy hams 21 cents bacon bellies 14 to 16 pound average 18 cents Pure lard 144 cents compound 12 percent
The Interstate Commerce Commission authorized through rates of 11.2 cents per hundred pounds on grain for export and 18 cents per hundred pounds on iron and steel articles for export from Cincinnati to gulf ports.
Chicago May 26 report shows eggs lower with receipts 24,405 cases and firsts at 21 1 2 cents. Potatoes unsettled with 26 car receipts from Michigan Wisconsin Minnesota and North Dakota. Florida barreled Rose priced 6.00 to 8.25, poultry alive higher with fowls 19 1 2 cents.
Belvernon and Barrios arrived for Galveston on May 26 with Fort Morgan and Porto Mexico reporting. Sailed vessels include Jose de Larrinaga Manchester Edward H. Blake Mzanillo and Van Allen Broughton Naples among others.
May 26 New York coffee futures held steady with No 7 Ric %c contracts trading around 68.9 for May and 77 for December amid a quiet session on the coffee market in New York.
Savannah reports show a turpentine firm with 38 sales and 415 receipts and 9508 stocks while a resin firm posts 689 sales 1401 receipts and 7197 stocks. Listings include scattered codes and figures such as 4.50 482% 4.85 and other ledger fragments, with unclear context.
Cotton market opens steady then eases as favorable crop weather and limited demand weigh on prices. July contracts slip from 12.79 to 12.71 with October at 12.85 to 12.78, later steadying near 12.78 and 12.88 as trading remains cautious amid moderate buying.
New York May 26 cotton futures opened steady with July at 12.79 and January at 13.03. October 12.85 and March futures closed unchanged to three points higher, with intraday highs and lows shown but figures partially garbled.
Cotton futures in New Orleans firmed early afternoon as scarce good weather kept selling limited and bulls eyed weekly figures. July rose to 12.85 and December to 13.10, with intra day gains of 6 to 12 points from the previous session. Traders cited long position pressure, claims of a saturated market, and boll weevil talk as factors supporting a modest rally before noon.
Liverpool May 24. The cotton market shows weakness with prices for good middling at 8 63d and middling at 8 474d. Sales reach 5000 bales, including 500 for export and speculation. Receipts total 3000 bales.
In Liverpool on May 26 futures show steady movement with contracts listed for May through May of next year. The table includes May 8 dates at 2444 and successive months with varied fractional adjustments across June to May of the following year.
In San Antonio the cotton seed oil market showed a nominal tone for Friday. New York prices closed firm with spot and May bids at 70, June at 10.70, August 10.76, September 10.80, October 10.90, November 9.89, December 9.12. Total sales 17,800.
Buyers paid prices for country produce in San Antonio on Friday. Butter weak at 26 25c per pound from Texas creamery. Country butter 20 26c. Packing stock 17 18c. Poultry steady with hens 5.00 to 6.50 per dozen and large fryers 6.50 to 7.50. Broilers 2.60 to 4.09. Turkeys 15c per pound. Ducks 4.50 to 5.50 per dozen. Geese 6.00 to 7.00.
In Memphis on May 26 representatives of the Southern Wholesale Grocers Association and other trade groups discussed repealing bankruptcy laws. J. H. Tregoe of New York argued against repeal while Co B McGlasson of Chicago backed the Anti bankruptcy Law Association. The conference featured their opposing addresses as key highlights.
J. W. Vogler, president of the Louisiana Crushers' Association, urged late planting of cotton to fight boll weevil at the National Oil Mill Superintendent Association convention in New Orleans. He contended 90 percent of boll weevil problems could be solved by shifting from early to late planting, opposing government experts. The convention runs through Friday.
Weather report for the Houston district stations in Texas for the 24 hours ending at 8 am local time. Data covers temperatures, rainfall and general weather conditions across the region with observations from multiple measuring stations.
C H Steele president of the Anson National Bank was elected active vice president of the American National Bank of Fort Worth on Friday. The vacancy followed the recent death of W G Newby, president of the American National Bank. Weather Bureau notes above normal temperatures in the belt.
New York May 26 Woolen goods show moderate demand with staple tickings advancing per yard while cotton yarns remain firm Raw silks rise and stay in good demand signaling steady textile trade activity.
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