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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Nov 22, 1916
Page
10
Market observers note cotton futures rising at the open with firm demand from mills before trading slows mid session. Analysts say Whit and Liverpool indices show downward pressure as prices retreat from early gains amid cautious trading.
The Cotton Exchange reports mixed opening of futures with New York and New Orleans down after an initial rise. Liverpool demand weak, selling pressure grows, and noon quotes show declines of 12 to 18 points versus yesterday. San Antonio spot prices show a 13 point drop with strict low middling and other grades listed.
The New York cotton market opened steady with slight gains then fell as Wall Street liquidated and outside holders sold. Early declines pushed January to 20.47 cents and May to around 30.90, with sporadic rallies fading amid talk of an easier spot basis and potential Friday December notices.
A fragment notes an opening Thursday with a 5 percent change and a 11 o'clock call. It mentions New York and ambiguous March May dates, but lacks clear events, people, or places to detail further.
New Orleans November 23 Good cables lifted cotton about 12 points at market open but profit taking on the long side caused a swift drop of roughly $1 a bale on active months. After half an hour trading the market was 6 to 10 points below yesterday's close as selling pressure increased. By noon the months showed a net decline of 25 to 80 points with little fresh support from bulls.
New Orleans reports show opening bids for December at 20.00 cents and January at 20.26 cents. March through October futures quoted around 20.78 to 20.83 cents with mixed daily closes and unsettled gains across the board.
Liverpool cotton reports a weak spot market with good middling at 12.39, middling 12.394 and low middling 12.234. Sales reach 6,000 bales with 600 for speculation and export. total offerings include 26,000 bales.
Liverpool notes quiet steady futures with prices listed for November through May contracts. New York reports quotations for the day with general activity described as subdued and unclear in the seed market.
Early rains in California damaged the bean crop boosting prices for Lima and Navy beans. Barons and Lima prices rise to about 8 dollars and Navy beans at 12 dollars per unit. A mixed vegetable carload arrived with casabas tomatoes and cauliflower priced around 1.50 to 1.75 per crate. Celery sells at 5.26 per crate as poultry prices ease with more fowls available.
Wholesale prices to trade cover potatoes onions celery cabbage peppers and more from Colorado California Texas to Florida. Prices include yellow yams 3 dollars per unit, casaba melons 1.80 per crate, apples Jonathan fancy 2.35, bananas 8.75 per 100 pounds, oranges Valencia sizes up to box, and canned goods with beef, salmon and sardines priced per dozen or can.
Brown sheetings and print cloths rose through the day with yarns higher and men’s wear remaining firm. Silks showed quieter activity in retail channels as markets hold steady.
In Little Rock Arkansas on November 22 the state penitentiary commission sold 1282 bales of cotton for 143 00. The commission still holds about 1620 bales awaiting sale.
Observations at 8 a m note air pressure near sea level and lows through points of equal temperature. For San Antonio tonight frost and fair weather, Thursday continuing fair with frost in east Texas. Precip yesterday none, normal. total since Jan 1 25.85 inches, excess 0.96 inch.
Buyers paid steady to firm prices Wednesday for country goods in San Antonio. Eggs held at steady levels with candled Texas country eggs at 1 alc. Boteer steady. Creamery 80 34c per pound, country 25 26c, packing stock 24 26c. Poultry values remained firm with hens 5.50 per dozen, large friers 6.00, 6.50, broilers 3.50 to 4.00, turkeys 23 74c per pound, ducks 5.50 to 6.00 per dozen, geese 9.00 to 10.60 per dozen.
Chicago market notes show butter price up and creamery at 36 4l. Eye receipts reach 3670 cases, unchanged. Potato receipts 30 cars, unchanged. Poultry alive down with fowls 11 14 cents and springs 15 cents.
Chicago reports firm market for eggs and potatoes with 2244 cases of receipts and 35 carloads of potatoes. Poultry prices steady with live fowls and springs up 15 cents per unit.
Chicago Nov 22 Wheat jumped on bullish export rumors, with December futures up to 1.83% and May near 1.89 but pared gains after a House embargo suggestion. Argentine crop news supported buying while setbacks followed denial of large US export sales and weak husker results tempered declines. Trade was light but hog quotations buoyed provisions.
Quotations to butter 40 cents firsts 38 cents. roosters 12 cents. broilers 18 cents. Kaw Valley early Ohioos firm at 1 dollar 70 cents.
In St Louis and Kansas City on November 22, grain prices showed declines or stability across several classes. Wheat prices fell modestly in St Louis with No 2 hard around 97 cents to 1.89 per bushel and rye around 1.60. Kansas City saw wheat steady with No 2 hard at 1.85 to 1.90 and No 2 red at 1.82 to 1.87, while corn and oats remained near unchanged and rye hovered around 1.42 to 1.43.
Government to establish kelp products experimental station a few miles south of Santa Barbara under a county regulation. The bureau of salba will conduct tests with a St. Louis company. About 175000 dollars in government funds plus matching funds from the firm. War demand spurred extensive kelp harvesting along the southern California coast.
Quotations from Chicago markets reflect supplies and prices across staples. Analysts note varying demand levels in late November as retailers adjust inventories and negotiate with suppliers.
New York on November 22 reports raw sugar quiet at 6.27 cents and molasses at 5.40. Refined sugar dull, fine granulated at 7.50. Market saw heavy liquidation early, especially in November and December contracts, with declines of 6 to 17 points before a late rally and noon prices about lower by a narrow margin.
Wednesday quotations list dry salt extras at 17 cents and bacon extras. Dry salt bellies Sd 16 and average 19 cents, fancy breakfast con 28 cents, fancy hams 22 cents, bacon bellies 14 to 16 cents average 20 cents. Pure lard 18 percent, compound 15 percent.
Denver report says stockmen and packers will meet in Chicago on December 7 to discuss problems affecting the industry, announced by A. E. Derickles, market committee member of the American National Live Stock Association.
The Federal Reserve Bank of Chicago reported a check clearing plan result showing an average of nearly 25,000 items daily between September 16 and October 16. The period's average daily clearings totaled about $10.7 million.
The speakers note that sixty years ago a single book circulated in a county while now towns boast libraries too large to sustain. This reflects a shift from scarcity to abundance in local literary resources and access.
New York November 22 United States Steel Corporation announces a ten percent wage increase for employees of its steel and iron companies effective December 11 and equal adjustments in other departments. The move covers about 200000 workers and could add roughly 20 million dollars to payroll.
The Jaen Bell Lumber Company of Kansas City will raise wages for common laborers at eleven plants across Missouri Texas Louisiana and Arkansas effective December 1. The increase will total about 260000 annually, announced after an executive officers meeting in Beaumont Texas.
At Union Stock Yards on November 22 the market held steady despite light supply. Cows sold from 5.25 to 5.76 per hundredweight, calves 7.00 to 7.60, good yearlings 6 to 7, bulls 4.26 to 4.85, and top hog price 9.60. Receipts included cattle 750, calves 250, hogs 145, horses 150, with additional offerings of cattle 260, calves 126, hogs 145.
Fort Worth crowd reports cattle receipts of 8600 with steady prices. Steers bring 6.00 to 7.75, stockers 5.00 to 6.50, heifers 5.50 to 7.50, cows 4.00 to 6.25, bulls 4.00 to 5.25, calves 4.50 to 6.50. Hogs scarce with 6 to 10 cents lower, bulk around 9.65, top 9.70. Sheep and lambs show modest demand. lambs 9.00 to 9.60, yearlings 7.50 to 8.50, ewes 7.00 to 7.75, goats 3.26.
Chicago November 22 receipts and quotations show hogs at 50 000 head with a strong market and higher prices for bulk and heavy categories. Cattle receipts 7 000 head with a weak market and range prices for native beef cattle western steers stockers cows and calves. Sheep receipts 24 000 head with lamb prices around 9.25.
Receipts total about 17 000 hogs with prices up to 10 cents higher. Light hogs sold 9.25 to 9.90, pigs 7.00 to 9.00, mixed and butcher 9.56 to 10.05, prime heavy 9.90 to 10.10, bulk 9.40 to 9.95. Cattle numbers near 600 with steady values. native beef steers 7.50 to 11.50, yearlings 7.50 to 9.00, cows 5.50 to 7.75, stockers 5.20 to 6.78, Texas quarantine 5.50 to 8.00, prime southern beef steers 8.00 to 9.00, beef cows 4.26 to 7.50, calves 6.00 to 11.25. Sheep volume about 2 500 with steady market. lambs 5.00 to 10.00, ewes 3.75 to 7.60, yearlings 8.00.
Kansas City market report shows hogs strong to steady with bulk at 9.40 to 9.90 per cwt and pigs at 7.26. Cattle receipts at 9000 include 200 southern cattle with prime fed steers at 10.50 to 11.00, dressed beef 7.50 to 10.26, cows 4.75 to 8.50, stockers 6.50 to 7.75, calves around 1.00. Sheep receipts 700 with lambs at 11.00, yearlings 8.75 to 10.00, wethers 7.50 to 8.60, ewes 6.75 to 7.75, stockers 5.50 to 10.50.
Receipts today show cattle at 1800 head with the market steady. Hogs total 1900 head and steady to higher. Sheep receipts 1600 head and the market strong in Oklahoma City.
Governor Ferguson announced thirty nine Texans named to represent the state at the Fourth National Conference on Marketing and Farm Credits in Chicago, December 4 to 9. Delegates include George Lillard Seguin, W H Kuykendall Liano, J Willis Johnson San Angelo, Clarence Martin Fredericksburg, and many others from San Antonio Austin Victoria and beyond.
New York November 22 Stocks opened irregularly as professional selling persisted and interior inquiries continued. Copper, rails, and shipping shares dipped while sugars, petroleum, and rubber group issues rose fractionally. United States Steel held firm on wage news as Corn Products sagged. markets slid after midday with copper and big industrials down 2 to 5 points.
Trading in Mexican money in San An Bey on Wednesday showed activity in state and national bank notes. The notes mentioned included Bank of London money and Carranza notes with little other detail about rates or amounts.
Dr J Hooper was knocked down by a jitney while boarding a street car at West Houston street and Main avenue at 9 30 p m Tuesday night with slight injury. Chauffeur Rudolph Guadido 18 arrested for careless driving. case dismissed in the Corpus Court Wednesday morning.
Marine report from Galveston Nov 22 states the coal laden Allaquash from Norfolk bound to New Orleans ran aground off Southwest Pass. Uncertain if danger exists. two tugs dispatched for assistance.
Oklahoma City businessmen and farmers testified before the Federal Farm Loan Board on November 22 detailing local advantages for one of the proposed banks. Governor Robert L. Williams was the chief witness. the Chamber of Commerce prepared a briefing presented to board members.
Observations taken at 7 am on Wednesday November 22 1916. Weather Bureau note: winds under 10 mph and precipitation under .01 inch are not published. Allen Buell meteorologist.
City Attorney George R Gillette and Assistant Robert G Harris filed 84 tax suits in District Courts Wednesday morning. The actions target properties with unpaid back taxes after notices were sent.
An advertisement lists O’Connell Loan Co offering loans on diamonds jewelry watches at 113 EZ Houston St St. It notes buying or trading old gold silver diamonds and coins at Jewelry Co 315 Alamo Plaza. Also mentions Butler’s Electric Bath and Massage 515 Navarro St. plus a theft report of a stolen auto and Father Garesche speaking at 8:30 p.m. Wednesday.
An advertisement from Duling Printing Co. offers 1000 Dodgers 6x9 for two dollars. The note promotes a monthly price and references the printer at 3338.
A civil matter in federal court lists Ollie W. Smith filing for bankruptcy with assets and exemptions totaling 680 and liabilities of 1485.20. Separately, Stephen Ken Mason files for a U S passport through Cle A Campbell, with procedures to Washington for citizenship proof and required documents.
In New Orleans on November 22, rough and clean rice receipts and sales are listed. Rough rice receipts total 19 016 sacks, milled 17 834, clean 1896 pockets. Sales include Clean Honduras 4342 pockets and Japan 1388 pockets.
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