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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Nov 05, 1916
Page
19
Weather data and wind velocities for January 1 to 7 reported by Allen Buell of the Weather Bureau. Details include wind speeds, prevailing direction SW, hourly velocities, and sunrise and moonset times.
The weekly cotton market showed sharp, volatile price swings with traders reporting strong bullish sentiment in estimates. Analysts note rapid shifts in futures and spot levels as demand signals remain uncertain.
COTTON EXCHANGE reports nervous, unsettled action as traders cut back. January contracts fluctuated from 18.34 to 19.27 then 18.65 before 19.09 Friday, with New York and New Orleans futures closing steady and Liverpool firms aiding rallies. Prices for spot cotton in San Antonio show various grades steady to low.
Arrived in Galveston: Nueces, New York, Bluefields in November, tug Buccaneer with barge Britannic in tow, Tampico. Sailed: Henry R. Mallory, El Norte and El Sud to New York, Bowden in November, Matan gas and Havana, Sadiolein French part of France, Normannia Canadian, Genoa, Port Bragg, Cardenas.
The nation faces a worsening freight car shortage impacting food and manufactured goods. In San Antonio merchants report scarce stocks and higher prices, prompting a preliminary ICC hearing in Louisville. Railroads switch to a new demurrage scale effective December 1 as Baltimore and Ohio orders 2000 box cars to augment earlier orders.
Market notes list dry salt extras at 16¢, bacon extras 18¢, bellies 14-16 pound prune age, fancy breakfast bacon and fancy hams at 22¢, bacon bellies 16¢ to 20¢, Pure lard 18¢, compound 16¢.
New York reports sugar futures quiet with near months steady on covering while later positions ease. Closings show December at 5.18, January 4.58, March 4.26, May 4.33, raw sugar molasses 5.59, centrifugal 6.46, refined 7.50 to 7.60.
New Orleans market notes show strong activity for rough and clean rice. Receipts include 18 628 sacks rough and 2 151 millers, 4 839 pockets clean. sales list Hondur 858 sacks Blue Rose 1 463 clean Enduras 2 600 Blue Rose etc. Quotations show Clean Japan 3 35 c, Blue Rosy 3 4 c. Other prices unchanged.
New York trade reports cotton goods firm today with rising yarns and active jobbery. Wool markets show strength in carpet wool divisions and carpet auctions stay brisk. Raw silk also holds firm as market activity remains steady.
Chicago offices report ongoing bear pressure in the wheat market as drought fears in Argentina ease but foreign demand remains unsettled. Prices opened down but rallied some before slipping again amid ample Canadian imports and strong hog supplies impacting provisions.
Kansas City market summary shows Wheat sliding with No 2 hard at 1.79 to 1.86, No 2 red at 1.00 to 1.88, Corn down with No 2 mixed at 97 cents, No 8 white at 99 cents, No 2 yellow at 98, Oats weaker with 2 white 53 to 54 cents, No 2 mixed 54 to 67, Rye at 1.34.
Grain futures closed with wheat at ec for May and corn at 83 led by gains. In Kansas City on November 4 prices showed Wheat ec May 1.79 percent and Corn December 83 percent, May 85 percent.
Quotation summaries show corn No 2 yellow at 1.64 to 1.05, oats standard at 65 34 to 53 percent, barley 80 cents to 1.23, with banca No 2 red nominal and hard nominal in Chicago trading on November 4.
In St Louis on November 4 quotations show wheat prices lower with 2 red at 1.80 to 1.88 and No. 2 hard at 1.83 to 1.84. Oats also fall with No. 2 white at 2.04 and general No. 2 white around 2.00 dollars. Rye is quoted at 1.39.
Turpentine and resin markets in Savannah show firm activity with many sales and shipments reported. Turpentine values around 46 percent and resin near 6.30 to 6.40 per unit, with hundreds of shipments and thousands of stock.
Cattle receipts 900 with steady bids. Steers 6.00 to 7.50, stockers 6.00 to 6.50, heifers 4.50 to 7.00, bulls 4.00 to 5.00, calves around 4. Hogs receipts 1300, 25 cents lower, bulk 9.26 to 9.45, top 9.50. Sheep 90, lambs 9.00 to 9.60, yearlings 7.00 to 7.50, wethers 6.75 to 7.25, ewes 6.50 to 7.00, culls 4.00 to 5.00, goats 3.75 to 5.00.
Receipts and prices for hogs cattle sheep and lambs in Kansas City show steady or mixed activity. Hog receipts around 2000 with bulk price 9.25 to 9.65 and pigs 8.25 to 9.00. cattle 2000 with prime fed steers 9.75 to 11.25 and cows 4.50 to 7.50. lambs 10.40 to 11.10 and yearlings 7.75 to 8.75. stockers and feeders 5.50 to 9.80.
Receipts reported at 18 000 hogs with a slow market and varied prices. Bulk hogs 9.10 to 9.65, light, heavy and rough hogs 9.10 to 9.85, pigs 6.25 to 8.50. Cattle included western steers feeders 4.65, cows 3.50 to 9.50, calves 50 to 11.50. Sheep run 3 000 with firm market, wethers 7.60 to 8.75, lambs 8.40 to 10.90.
Receipts and quotations for hogs cattle and sheep in St Louis on November 4. Hogs range 9.10 to 10.18 with various lots noted. Cattle receipts 100 with mixed steer and heifer prices from 6.50 to 11.16 and prime southern and native calves up to 6.00. Sheep receipts 1000 and lambs and yearlings priced between 7.50 and 11.25 with ewes 3.75 to 7.25.
Wholesale prices to retailers and shippers list Colorado potatoes at 3.25 to 3.50 per hundredweight, California onions at 3.75 to 4.00, California log box tomatoes 1.50, celery 85c per dozen, Texas cabbage 3.50 per hundredweight, peppers and beans in various crates, bushels, and pounds, plus dried fruits and canned goods with multiple regional price points for apples, bananas, oranges, lemons, grapes, dates, and figs. The list includes canned fruits and vegetables with standard pack sizes and prices, and coffee and sugar prices for wholesale trade.
A long list of wholesale prices covers corn, oats, wheat, bran, alfalfa, canned meats and fish, flour, seeds, potatoes, nuts, and hides. The data include Texas and northern price differentials, car and job lot rates, and per hundredweight or per dozen figures. The piece also includes two small anecdotes about travelers and poultry nuisance.
Observations taken at 8 p m on Saturday November 4, 1916 by the Weather Bureau. Wind velocities under 10 mph and precipitation under .01 inch are not published. Meteorologist Allen Buell signs the report.
New York reports show political considerations driving week’s trading with top stocks holding gains amid occasional bearish pressure. United States Steel and other speculative issues hit new highs while Rock Island and Chicago & Alton show activity amid reorganizations. Total volume around 450000 shares, bonds firm.
New York reports closing stock bids versus a week earlier with Mercantile prices, Sterling rates, 60 day bills, and currency quotes. Government and railroad bonds are described as steady or firm. Butter sales are noted as unavailable in Pottawattamie.
Secretary Henry Hester reports the weekly cotton statement for New Orleans with comparisons to actual dates rather than corresponding weekends. The bulletin outlines prices, receipts, and market movement in the cotton trade for the period ending Nov. 4.
In New York copper remains firm with reports that a large agency sold all available production for the first quarter. Quotation levels for the first quarter ranged from 28 to 29 as dealers asked 27 to 28 for electrolytic deliveries in the second quarter. Iron prices were unchanged. Coffee prices showed no change with December at 8.47 and March at 8.00.
Quota Butter Creamery 33 1 3. sec onds 29 9 packing 27 49. Eyes firsts 5 6. Poultry hens 16, roosters 12, pullets 20. Potatoes easy Northern early Ohios and Colorado rural $1.55.
The New York clearing house banks and trust companies show total reserves in excess of requirements of 124 107 040, up 13 325 210 from last week. Loans and discounts total 3 357 047 000, deposits and circulation figures rise and fall in multiple components across vault reserves, federal reserve holdings, and other depositories with noted gains and declines.
Shippers report steady markets for Saturday with country candled prices at 2.38 per cwt butter 34c per pound creamery 80 cents to 34c country 25 26c packing stock 22 25c per pound Poultry trends firm with hens at 6.00 per dozen large fryers 4.5 7.00 broilers 00 turkeys 18 20c per pound duck 5.50 6.60 per dozen geese 7.00 9.00
Chicago November 4 market notes show butter and creamery prices rising while receipts total 3629 cases. Potatoes decline with Minnesota and Dakota whites at 1.55 to 1.60 per bushel and Wisconsin Michigan whites at 1.50 to 1.60. Poultry alive prices fall with fowls at 12 to 15 cents and springs at 16 to 17 cents.
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