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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 19, 1916
Page
11
In Savannah on October 19 turpentine firm 44, sales 123, receipts 801, ship ments 44, stock 26 067. Resin firm 1 sale, receipts 47, ship ments 1053. Quotations list various grades with prices from 6.17 to 6.70 dollars per unit.
San Antonio dealers report turkeys selling for 19 to 20 cents per pound, the highest in years, due to a nationwide scarcity driven by weather. Farmers in South Texas reduce shipments, and prices may rise further as demand remains strong for eggs and butter, while other produce arrives in CAR loads including beets carrots turnips tomatoes grapes lettuce and celery.
Extremely heavy liquidation of long contracts pressed the price at the opening, dropping 35 to 87 points. After a unsettled start, demand recovered and prices rose 2 to 4 points, with later declines of 1.6 points and mixed activity as frost forecasts steadied the market. By 1:30, prices were 34 to 35 points below yesterday’s close as ginners’ forecasts influenced sentiment. The private bureau’s October 7 forecast of 7,720,009 bales ginned weighed on the market.
New Orleans prices show irregular opening with bids for October to July contracts. Futures closed marginally steady to slightly higher across key months, while Liverpool imports indicate market activity delayed to Friday.
Liverpool cotton market reports spot prices for good middling at 10.754 pence per pound, middling at 10.614, and low middling at 10.45. Sales reach 8000 bales with 1000 for speculation and export. Receipts recorded as none.
Futures steady in Liverpool with quotes across months from Oct 10 to Aug-Sept ranged about 10.45 to 10.67 percent. Reports show minor spreads and stable demand as traders await new data.
Kansas City market reports show wheat prices rising with No. 2 hard at 1.63 to 1.73 and No. 2 red at 1.60 to 1.67. Corn advanced with No. 2 mixed at 89 to 91 4, No. 2 white at 90 to 90 4c, No. 2 yellow at 90 to 90 4c. Oats also higher with No. 2 white 48 to 49c and No. mixed 47 to 49c. Rye listed at 1.23.
Galveston Rex reports war risk insurance for cotton to Liverpool and Manchester in the next thirty days has fallen sharply. Belligerent ship rates are quoted at 1 percent and American ship rates at 0.5 percent to those ports. Havre rates for belligerent ships are 1 percent and for American ships 0.5 percent.
Grain futures quoted in Kansas City show Wheat for December at 1.64 and May at 1.63. Corn for December at 0.79 and May at 0.82.
In Duluth on October 19 closing bids show Lin seed at 257 percent, October at 255 nominal, November 215 percent asked, December 251 percent asked, and May 256 nominal.
Raw centrifugal sugar quoted at 6.27 dollars and 5.39 for another grade. Refined fine granulated sugar listed at 7.25 to 7.35 dollars.
Chicago dispatch notes prices for ginghams and cotton goods have risen from 6% to 10% a yard since before the war. The Central Cotton Garment Manufacturers met to discuss methods to equalize profits amid the price surge.
A market report notes cotton prices fell sharply at some point before recovering later, with observations from traders and spot market activity in Liverpool.
Daily spot market quotations show San Antonio Houston and New Orleans at mixed levels as frost fears in Arkansas and Oklahoma boost late trading. New York and Liverpool offer softer openings but regain some strength with January and March contracts edging above prior closes. Prices end mixed with gains for some months before retreating.
New York Oct 19 The cotton market opened with a decline of 2 to 21 points as January slid to 18.30 and May to 18.68 amid storm damage and outside demand. Prices steadied later with January at 18.52 and May 18.72, while reports of ginning returns projected an out-turn around 7,720,000 bales to October 18 and the market closed steady around 18.38 for January and 18.48 for March.
Oct 19 Union Stock Yards reports slow trading amid over supply. Large shipments last night added to pens of cattle calves hogs and horses. Receipts show cattle 1230 calves 258 hogs 100 with market expected to improve later in the week as trade progresses.
Market reports show cattle and calves with steers at $6.00 to $7.25, stockers around $4.40, heifers near $5.50, cows about $8.80 to $6.50, bulls around $4.50. Hogs receipts index at $9.40 to $9.76 per hundred, sheep and lambs yield varied totals with yearlings near $7.59 to $9.50, ewes around $6.75 to $7.25, goats listed at $3.75 to $5.00.
Chicago report shows hog receipts about 20 000 with strong market for ranges from 9 35 to 10 25 per cwt and pigs bids to 9 20. cattle receipts near 19 000 with mixed native beef at 6 50 to 11 40 and western steers 6 10 to 9 25. stockers and feeders 4 70 to 6 5, cows and heifers 3 40 to 9 20. calves 7 25 to 11 75. Sheep receipts about 17 900 with strong demand for weth ers 7 00 to 8 30 and lambs 8 40 to 10 70.
Kansas City market report lists receipts for cattle hogs and sheep with price ranges and average figures. Hogs bulk $9.75 to $19.16, heavy $9.90 to 10.18, light $3.60 to 10.10. cattle receipts about 6000 with prime fed steers $9.50 to 11.00, cows $4 to 7.26, heifers $6.00 to 9.25. sheep around 3000 with lambs $10.00, yearlings $7.60, wethers $7.25, ewes $6.75 to 6.40.
ST LORIS Mo Oct 19 Receipts and Hogs Receipts 6500 market a ready to strong Lights 9.90 10.25 pigs 9.60 9.25 mixed and butchers 9.75 10.30 good heavy 10.20 10.80 bulk 9.80 Cattle Receipts 5500 market strong to ten cents higher Native beef cattle steers and yearlings 7.50 11.00 cows 5.60 7.50 stockers and feeders 6.30 7.50 Texas quarantine steers 5.60 8.00 prime southern steers 2.00 9.00 cows and heifers 4.50 7.50 prime yearling steers and heifers 7.50 9.00 native calves 6.00 11.25 Sheep Receipts 1000 market steady Lambs 7.00 10.60 slaughter ewes 5.00 7.25 breeding ewes 8.50 9.50 yearlings 8.00 8.75 ewes 3.75 7.25
Oklahoma City market report shows receipts of 1000 cattle steady, 1800 hogs up to $10, 500 sheep steady. Yesterday’s sales include 47 cows and heifers at Castro Snyder, Oklahoma, avg weight 543, price $4.70. Today’s consignments include 29 steers from Prater & Son, Kronabers Texas, with weights and prices around $1.09 per pound for steers. other listed farms include Mars Electra and various buyers with mixed prices.
Butter and eggs hold steady as receipts reach 6423 cases. Potatoes edge higher with Minnesota Dakota and Ohio whites priced at 1.40 to 1.41. Wisconsin and Michigan whites quoted 1.30 to 1.35. Poultry alive remains unchanged.
The New York Central Railroad Company directorate announced a $25,000,000 stock issue offered to stockholders at par on the basis of 10 percent of their current holdings. Proceeds will fund general corporate uses including further construction and improvements.
New York October 19 Secondary specialties led early trading with 1 to 2 point gains. Industrial Alcohol surged to 141 in session highs and other paper issues and equipment shares rose 1 to 2 points. General Electric American Woolen and shipping stocks advanced while United States Steel stayed firm and Union Pacific Chesapeake & Ohio led rails with sizable gains. Steel continued rising to 116 5 8, its top since the submarine scare. Other majors like Airbrake Westinghouse and Pullman gained 1 1 2 to 3 points.
Money markets in New York report mercantile paper at 3 percent, sterling at 4 7/8 percent on demand and cables 4 76, francs at 58 4/9, guilders at 41 1/8, bar silver at 67 3/4, Mexican dollars at 62, government bonds steady while railroad bonds show irregularity.
New York on October 19 reports easy money with time loans at sixty, ninety days and six months around 3 percent. Call money remains firm with highs near 3 percent and lows around 2 percent. Ruling rate about 3 percent. closing bid around 2 percent. offered at 3 percent.
Metal markets report from New York on October 19 shows lead at 7 00 to 7 10, spelter steady with 9 1/2 percent asked for East St. Louis delivery, copper firm at 27 26 to 28 00 for electrolytic first quarter, iron steady, tin quiet with spot prices at 40 75 to 41 25.
London reports show lead at 30 pounds 10s with others including copper futures at 120 pounds. New York prices for cotton seed and related futures hover around 11.7 to 11.80 per unit with several months noted and total sales listed.
Observation from 8 a.m. on Thursday October 19, 1916 reported by Allen Buell of the Weather Bureau. The note records meteorological data collected by the official observer for the bureau.
Austin, October 19. The case of Rumeley Products Company versus T. H. Moss of Hamilton county is affirmed. The judgment for 1.28 dollars plus accrued interest now amounts to 1798 dollars. Moss claimed 55 acres of black eyed peas rested from cotton overwork, yielding ten bushels per acre at five cents per pound, and alleged a defective threshing machine caused crop loss and payments for the machine. The lower court and the Third Court of Civil Appeals supported his contention.
Shippers report buyers paid steady to firm prices for Texas country produce in San Antonio with candied, creamery, and packing stock values listed. Poultry prices for hens, large fryers, broilers, turkeys, ducks and geese shown. New Orleans rice market notes steady rough and clean Honduras with receipts and sales data and price ranges for rough Honduras and Carolina, others unchanged.
New York October 19 reports cotton goods strong and excited by rising prices. Prints and percales were withdrawn from sale by loading houses, along with other lines already priced beyond forty yards. Yarns advanced to forty cents, 2398 southern warps. Jobbers remained active.
Quotations today show wheat higher with No 2 red at 1.72 to 1.77 per bushel and No 2 hard at 1.71 to 1.77. Corn advances with No 2 at 93 to 94 cents and No 2 white at 9 cents. Oats rise with No 2 at 48 to 49 cents and No 2 white at 60 to 65 cents. Rye higher at No 2 1.29 per bushel.
Wheat prices Wednesday outpaced the prior day as buying surged with major firms participating. December traded around 1.68 to 1.69 dollars and May near 1.68. Opening quotes ranged with declines and advances, but later a sharp rise across grains followed bullish signals from Illinois and the Southwest about the 1916 crop. Oats rallied with cereals, and pork and lard showed firmness while provisions remained active.
Quotations dated October 19 show grain prices for wheat corn and oats. Wheat No 2 futures around 1.67 to 1.69 per bushel while No 8 hard values appear. Corn futures for roller type around 96 cents. Oats standard around 48 to 49 cents. Barley quoted at 0.75 to 1.18 per bushel.
Provision market notes Chicago dated Oct 19 report local packing house quotations for San Antonio provisions. Pry salt extras bring 16 a bacon extras 18c dry salt bellies 14-16 pound average 18c fancy breakfast bacon 28 0 fancy hams 2c bacon bellies 14-16 pound average 20c pure lard 17c compound lard prices listed.
Marine intelligence from Galveston dated October 19 reports the arrivals of the El Alba from New York and the sailing of the Topila to Tampico.
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