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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 05, 1916
Page
9
The market shows increased strength at the opening with cotton prices firming. Trading is subdued elsewhere as Liverpool remains quiet and visitors await clearer signals from overseas demand and local processing trends.
The report covers New York and New Orleans price movements after a three day holiday. It notes early declines, then a rebound with 10 to 18 point gains, followed by selling pressure and a late-day decline. It lists delivered prices for San Antonio compresses for good middling to low middling grades.
The cotton market opened steady with declines for October then firming as cables showed support. Near months saw hedge selling and buying absorbed by old longs, with December and January futures rising briefly before easing later. Liverpool expectations of heavy selling due to hedging and rain in Oklahoma influenced sentiment as the day progressed.
Reports of a somewhat easier spot situation in the western belt sparked moderate selling at the opening in New Orleans. Prices fell about 7 points from last week’s close, then rebounded to 11 points above last week’s finish by midmorning before turning lower again as hedge selling pressure increased. By noon prices were 6 to 10 points under Friday’s close, and in the afternoon losses deepened with trade at 27 points below last week’s closing figures after 1:30 o'clock trading.
General trade held steady on good receipts on Commission Row Tuesday morning and market conditions improved after the railroad strike settlement. Prices remained firm especially for potatoes lettuce and tomatoes with fresh shipments from California and Colorado cantaloupes absorbed at steady levels. Hotels and restaurants were large buyers as Takey grapes from California sold for 1.50 to 2 per crate.
Dry salt extras 16%c bacon extras 17%c dry salt bellies 14-16 pound average 16%c common extras 17%c dry salt bellies 14-16 pound average 18%c fancy breakfast bacon 2c fancy hams 22c bacon bellies 14-16 pound average 20c Pure lard 154%¢ compound 11c
United States Department of Agriculture weather bulletin dated September 6 1916 reports 7 am readings across Abilene Amarillo Atlanta Birmingham Brownsville Charleston Chicago Corpus Christi Dallas Del Rio El Paso Fort Worth Galveston Houston Kansas City Louisville Memphis Mobile New Orleans New York Oklahoma City Palestine St Louis San Antonio Tampa Taylor and Washington stations with wind direction temperatures and precipitation notes conditions range from clear to cloudy and rainfall amounts vary by location.
Buyers paid steady rates Tuesday with Texas country candled and Texas creamery prices. Country per pound 19 to 20c. packing stock 18 to 18c. Poultry firm with hens 6.00 per dozen. large fryers 5.50 to 6.50. broilers 0.90 to 3.50. turkeys 17 to 18c per pound. ducks 4.00 to 5.00 per dozen. geese 4.50 to 6.00.
Bullish yield estimates for US and Canadian wheat support a rally on the Chicago market. US crop undersupply and ongoing railroad strike settlement bolster buying. December and May futures rise before closing near session highs while corn and oats gain as hog prices lift provisions.
Quotations to day show Wheat No 2 red at 1 60 1 51 percent, No 8 hard at 1 51 1 55 percent. Corn No 2 yellow at 88 cents, No 4 yellow at 84 5 cents, No 4 white at 55 cents. Oats No 3 white at 44 47 cents, standard at 46 cents.
Quotations to asx were higher for corn and oats with Track No 2 positions climbing. Wheat futures showed gains with No 2 hard at around $1.52 to $1.56 and fractional percentages. Prices for feeds rose as Track No 2 values moved to 45 to 46 cents for No 2 and 48 cents for white corn.
Quotations report wheat higher with No 2 hard at 1.50 1.56, No 2 red 1.53 1.60. corn higher with No 2 mixed 82 84c, No 2 yellow 83 Sic. oats higher with No 2 white 46% 47'sc, No 2 mixed 47 48e.
In New Orleans on a September day cotton futures opened steady with bids showing October at 15.62 and December and January at 15.89. March reached 16.11 and May 16.26. Futures closed steady with prices holding firm.
Chicago NL market notices show quotations with varying prices on poultry and produce. Prices drift on potatoes and cobblers with livestock items including fowls and eggs listed alongside.
Kansas City market report shows grain futures closing mixed. Wheat for September at 1.47 and December at 1.48, corn for September at 3 and a half cents, December at 7 and a half cents.
Cotton seed oil prices listed for Sept 5 show open and noon quotes for December through November contracts with varying settlement figures. Trading activity includes sales noted at 12,800 units and 41,900 units at different price points, with closes around 10.29 to 10.38 per unit.
New York market reports irregular sugar futures with near contracts pressured by liquidation while distant months hold steady on trade buying. Raw sugar steady as centrifugal 5.02 cents, molasses 4.25. Refined quiet with crushed at 8, mould A 7.50, cubes 7.50, XXXX powdered 7.10, fine granulated 7, confectioners A 6.90, No. 1 6.80.
Liverpool Sept. 5 Spot corn steady Good middling 9.8 cents, middling 9.714, low middling 9.55. Receipts 5000, 700 for speculation. Ex- Mpieeipts 5000.
Kenton Potts Talley an 18 year old from San Antonio public schools enlisted in the navy after visiting the local recruiting office. He spoke of wanting to visit the countries he studied about in geography and admired the maps. He attended Main Avenue High School last year and can name every U S region and many European areas. In the Y M C A season's seventeenth boys event William Saffarrans upset the point leaders Joseph Halliday and Martin Cutting tied for second, Frank Bourk fourth. The next event will cover body and rescue work.
W M Brown of Yoakum Texas displays five watermelons weighing 57 and 45 pounds with total 246 pounds. He plans to exhibit at the South Texas Fair in Yoakum on October 4 to 7, inviting public attention to the unusually large produce.
The report lists various futures prices across months from September to August, noting steady to quiet activity. Several contracts show values around 9.6 with minor variations, indicating a calm trading outlook and market readiness for upcoming cycles.
At the regular semi annual meet ing of the Ministerial Union Rev R W McCann of Central Baptist church was elected President to succeed Rev O T Cooper of Laurel Heights Methodist church Rev C E McStavick of United Presbyterian church was re elected secretary treasurer Rev F S Erne of Evangelical Lutheran church was elected first vice president and Rev W G Kunze of Highland Park Presbyterian church second vice president The meeting focused on officer elections for the coming term with little other business.
Washington reports the Interstate Commerce Commission said rates from the lower Lake Erie area to Ohio Kentucky West Virginia and western Pennsylvania were generally unreasonable. Carriers were ordered to itemize charges for dock storage and handling services.
Buyers showed little interest in the Fort Worth cattle market with prices slipping 10 to 15 cents across the board. Receipts were average, limiting market strength as steers sold 5.75 to 6.25, cows 4.80 to 5.50, calves 6.00 to 6.50. Hogs rose 10 to 25 cents with feeders 7.00 to 7.50 and choice butchers 9 to 10. Receipts: cattle 827, calves 62, hogs 186.
Chicago reports receipts of hogs about 3000 with varied weights and prices from 10.15 to 11.40, cattle receipts around 1000 with native beef cattle 6.85 to 11.10 and stockers 4.85 to 7.95, cows and heifers 3.75 to 9.50, calves 7.65 to 10.26, and sheep receipts near 18,000 with wethers 6.50 to 7.85 and lambs 6.60 to 10.80, markets firm to strong.
Receipts and quotations show hogs with prices from 10 to 25 cents higher and cattle strong to higher. Hog sectors include mixed and butcher at 10.80 to 11.40, prime heavy around 11.35, bulk 10.85 to 11.20. Cattle receipts about 2500 with native beef steers 7.00 to 11.00, yearling steers 8.50 to 10.25, cows 5.50 to 7.76, stockers 5.30 to 8.00, prime southern steers 8.00 to 9.90, cows and heifers 4.50 to 9.0, native carves 6.00 to 11.75, and yearling steers and heifers 7.50 to 9.00. Sheep receipts 700 with lambs 7.00 to 10.50, slaughter ewes 5.00 to 27.25, bleating ewes 9.00 to 10.00, yearlings 6.00 to 9.59.
Receipts and quotations show mixed gains across cattle and sheep. Hoge items list bulk and packers prices, heavy and prime fed steers range, with cattle figures including dressed beef and stockers. Sheep receipts about 6000, lambs near 10.00 to 10.65, wethers ~7.00 to 7.60, ewes ~6.50 to 7.00.
Fort Worth market report shows cattle receipts of about 700 with steady demand. Steers around 6 dollars, stocker steers 5 to 6.59, cows and heifers varied, bulls near 4 to 5. Receipts of 1306 calves steady to higher with top calves around 10. Sheep and lambs active with lambs 9 to 9.50, yearlings 8 to 8.50, traders note goats among the offerings.
Receipts today list cattle at 300 head and hogs at 40 with gains of 19 to 25 cents. Top price reached 10.60. Late yesterday’s offerings include 64 cows at 6.25 and 27 cows at 6.26. Today’s sales show average weights and prices with steers around 6.25 to 6.00 and multiple lots noted at various weights in Oklahoma City markets.
London metals report shows Lead at 31 pounds sterling and Spelter 47 pounds sterling. Scout Troop No 4, inspected Monday night, is hailed as the best in the city with 32 members, 15 first class, led by Selden Nye and Lewis Kayton. Headquarters at St Mark's Episcopal Church.
New York markets rose after a railroad strike settlement, sparking renewed speculative activity. United States Steel Marine preferred and Belly led gains among steel and munition shares with late strength in Marine common and Mexican Motors. Prices firmed into the close as investors shifted focus to steel, metals, and transport stocks.
Temperature and rainfall readings report 24 hours ending 8 a m. at Houston district stations. Weather conditions noted across the region including variations in temperature and precipitation. Data reflects Saint Veridian time observations for the period ending September 5.
Remarks describe generally fair conditions in the belt with rainfall noted at Jackson Mississippi. Weather data attributed to Allen Bell of the Weather Bureau.
New England market report shows sixty day bills at 4.71 percent, demand 138 percent, cables 4.76 percent, guilders demand 40, cables 40 15 16, bar silver 68 1 2, Mexican dollars at 52 1 2 percent. Government bonds steady, railroad bonds irregular.
Butter Coeery eight cents per pound and firste 26 cents. seconds 25c. Fegs firsts twenty seven cents. Poultry hens 15 to 14 cents, roosters 11 cents, brood 8 190? New potatoes Kaw Valley early Oklahoma weak, fi remains fragmentary.
New York reports time loan rates with 60 day loans at 3 3. 90 day loans at 3 1 2. six month loans at 3 3 with money firm. High 3 and low 2 1 2 percent, ruling rate 3 percent, last loan 8 percent, closing bid 2 1 2 percent, offered at 3 percent.
A satirical line mocks preparing for emergencies and the English, noting Hans Oppenrun racing ahead by ten yards and returning faster than others. The quote echoes stage humor about preparedness and competition.
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