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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 15, 1916
Page
15
Explanatory notes on weekly financial and commercial markets with observations at 7 a.m. The report lists air pressure readings, temperatures with a high of 86 and a low of 11, and monthly totals. It records precipitation, excesses, and deficiencies since January 1, including accumulated figures and normal baselines.
Cotton closes at a fresh seasonal high as spot markets show strength with firm demand and active trading. Prices rise amid supportive moisture and export interest, signaling continued momentum for the fiber market.
The Cotton Exchange notes a higher close on Saturday with sentiment turning constructive. January contracts fell earlier due to shipping fears and submarine actions but recovered as demand from spot houses supported prices. Renewed strength on Friday pushed January to about 17.63, with gains of roughly 40 points from the prior week’s high.
New Orleans cotton market shows opening bids for October through May ranging from 16.80 to 17.91. Futures close 4 to 6 points higher amid ongoing activity. Reports mention a holiday on the cotton exchange in Liverpool.
In Savannah on October 14, turpentine held at 44 1 2 percent with 124 sales, 308 receipts and 190 shipments. resin activity shows 1297 sales, 1031 receipts, 418 shipments and 91 930 stock. Operations list varied figures including values around 6.02 to 6.50 with multiple letters and notes.
New York reports cotton goods strong and yarns firm with bread silks quiet. Domestic fine wool at top prices shows active business. A deputation of Australians urged the English government to lift the wool shipment embargo to the United States.
Lard rises to 17 cents a pound in the San Antonio wholesale market as pork demand strengthens with winter approaching. Dairy prices gain with ½ cent cheese advance and rising butter costs. Cotton twine and breakfast cereals also advance while potato supplies stay tight and demand remains brisk.
Wholesale prices to trade show Colorado potatoes at 2.50, California onions at 3.00 per cwt, tomatoes 1.35 to 1.60, celery 85c per dozen, peppers and sweet peppers from Texas, lettuce and peaches with varied crate and box pricing, extensive figures for fruits, canned goods, grains, nuts, and livestock by region and weight bands. Prices cover corn, oats, wheat, bran, meal, alfalfa seed, seed potatoes, millet, teff, sorghum, and more across California Texas and Colorado markets.
Mexican farmer scholar Zeferino Dominguez argues U S corn yields rise if farmers use ventilated seed storage, selective cross breeding, and region specific soil cultivation. He cites experiments in Mexican ranches and plans lectures across the United States.
Fort Worth Texas reports cattle receipts around 300 with steady prices. Steers range 4.00 to 7.50, stockers 5.75 to 6.65, cows 3.25 to 6.00, calves 4.00 to 9.00, bulls 4.00 to 5.00. Hog receipts about 1000 with bulk 9.60 to 9.70 and top 9.75. Sheep and goats limited with lambs 9.00 to 9.50 and goats 4.50 to 5.50.
Chicago report shows hog receipts 20600 with slow market and lower bids, bulk around 9 50 to 9 96, mixed hogs near 10.06, rough pigs at 9 20 to 9 35. Cattle receipts about 1000, market steady with native beef steers 6 60 to 6 90, western steers 6 15 to 7 30, calves 7 25 to 11 50. Sheep receipts 1000, market strong with wethers 6 60 to 8 25 and lambs 7 76 to 10 40.
Receipts: cattle 1200 and sheep 650. Market steady. Native beef steers 7.50 to 11.00, yearling steers and heifers 8.50 to 10.65, cows 5.50 to 7.50, stockers 5.30 to 7.60, prime southern steers 8.00 to 9.00, calves up to 6.00. Sheep lambs 7.00 to 10.40, slaughter ewes 5.00 to 7.25, bleating ewes 8.50 to 9.50, yearlings 5.00 to 8.75, ewes 3.55 to 7.25.
Receipts and bids for Hogs Cattle and Sheep show market conditions. Hogs receipts 2000 with prices from 8.50 to 9.90. Cattle receipts 600 with prime fed steers around 11.00 and cows 4.50 to 7.25. Sheep receipts 2100 with lambs 9.30 to 10.50 and yearlings 7.50 to 8.50.
New York markets show spot cotton seed oil bids and futures at multiple month prices with total sales of 18,500. Coffee No 7 Rio grades quoted as easy with December and March futures noted. Elgin butter data lists 25 tubs priced at a local rate.
Allen Buell of the Weather Bureau records weather observations for the day ending Saturday October 14 1916.
Postmaster McCollum of Waco stopped by the rosewood and mahogany office yesterday on his way home from vacation. He appeared vigorous and extended the courtesy of delivering mail at his office while we are in Waco in November.
The Cotton Region Bulletin from San Antonio notes generally fair weather across the belt with temperatures above normal. Rainfall of an inch or more observed at Ardmore Oklahoma and Waxahachie Texas. Meteorologist Weather Bureau.
New York traders show tentative activity with shipping issues and rails like Union Pacific, New York Central and Norfolk & Western firm at opening but cooling to cautious, uneven trading. United States Steel faces pressure while International Paper and Columbia Gas rise. bonds weaken and mercantile rates edges lower.
New York reports copper pricing remains firm as the balance for this year stays practically nominal. Major agencies list January electrolytic copper at 28.00 with prices slipping to about 27.25 for the first quarter. Iron and tron remained unchanged.
New York banks report cash reserves declined by 13 641 070 for the week ending Friday. Total reserves show decreases in vault and other depositories while demand deposits and time deposits fall. excess reserves drop to 68 914 410 with aggregate reserves at 632 929 000 and a 13 641 070 week-to-week decrease.
Quotations for wheat and corn moved higher in Chicago with No 2 hard wheat at 1.60 to 1.70 while corn rose to around 8 85e for No 2 white and 8 85e for No 2 white oats eased to 47 to 48⅓ cents. Rye held steady at about 1.26 per bushel in St Louis as of October 1.
Kansas City quotes show wheat steady to lower with No 2 hard at 1.56 to 1.64 and No 2 red at 1.56 to 1.60. Corn holds at 84 84 1 2 cents for No 2 mixed, 2 white at 44 1 2 cents, No 2 yellow at 86 cents. Oats unchanged with No 2 white at 47 1 2 cents and No 2 mixed at 46 1 2 cents.
New York sugar quotations show raw sugar steady with molasses at 5.26 and centrifugal at 6.14. Refined sugar remains steady with fine granulated listed between 7.15 and 7.25 per hundredweight.
Chicago reports wheat, corn and oats down on the last trading day as insurers avoid new submarine risks. Week's grain trend remains unsettled due to U boat activity in the Atlantic. Prices had rebounded earlier before U-53 and UK Australia purchases shifted market sentiment. Provisions and lard rose to high levels.
Chicago reports today wheat and corn prices with No 2 red at 1.57 to 1.58 dollars and No 2 yellow corn at 90 cents. A note adds that sugar is extracted from sixteen varieties of palms grown in Ceylon.
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