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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 01, 1916
Page
7
The report notes a small trading volume in cotton with Texas market signals. Officials' observations suggest limited activity and cautious bidding. Moving averages indicate subdued demand and modest prices across the region.
The principal spot cotton markets report good rains in Liverpool sparking selling at near market prices. May futures reach 11.84 and October 12.05 with July at 11.96 amid volatility as buyers cover and markets adjust. Prices show modest gains over the week but settle several points lower versus prior.
New Orleans April 1 rain and lower cables trigger selling at the cotton market opening. In the first half hour prices fell 9 to 12 points from yesterday's close though large buying on the decline helped hold a steady tone in the spot market. Widespread profit taking and extensive realizing weighed on futures as the day began.
Cotton futures in New Orleans open steady to lower with May at 11.87, October 11.86 and December around 12.06, while spot cotton middling sells at 7.70 d at a nationwide sale of about 11,000 bales. Liverpool futures show mixed bids across the calendar from April to March.
Regional quotes show Galveston stock totals and New York spot prices for cotton seed oil with mixed futures on March July and September contracts. Wholesale vegetable, fruit, canned goods and flour prices abound from Elgin to California markets, listing beans, onions, lemons, oranges, and diverse staples with per hundredweight and per crate figures.
Buyers paid steady prices in San Antonio on Saturday across several farm goods. Texas candied butter ranged 31 to 33 cents per pound from creamery and 20 to 25 cents for country. packers stock 20 to 22 cents. Poultry values held firm with hens 6 to 7 dollars per dozen, fryers 5.50 to 6.50, broilers 4 to 4.50, turkeys 19 to 20 cents per pound, ducks 5.50 to 6 per dozen, and geese 7 to 10 per dozen.
Kansas City April 1 listing Butter Creamery 25c firsts 33c seconds 25c packing 24c Eggs Firsts 20c aemens lic turkeys 20c springs c.
New York report lists raw sugar at $5.89 for centrifugal and molasses at $4.12. Refined products hold. cut loaf at $8.15, crushed $8.00, mould A $7.50, cubes $7.50. Powdered varieties $7.15 and $7.10, fine granulated $7.00. Diamond A and confectioners A at $7.00 and No 1 at $6.85.
Chicago apr 1 Butter unchanged eggs lower receipts 24987 cases firsts 194 c ordinary firsts 1 st e at mark cases included 18 19 c Potatoes lower receipts 50 cars Michigan Wisconsin Minnesota Dakota white 90 98 c Minnesota and Dakota Ohios 85 9 ic Poultry Alive lower fowls 17 c springs 18 c
Savannah market summary reports turpentine dull with no sales, receipts 30, shipments 329, stocks 7,620. Resin remains quiet with sales 323, receipts 412, shipments 347, stocks 72,832. Quoted prices list multiple grades from A B through W W with ranges from 4.80 to 6.48 and 5.30 for N and W.
Overnight Mexico news boosts market as Mexican Petroleum climbs over two points and American Smelting rises. Copper and Crucible Steel gain, South Porto Rico Sugar hits a new high, and several munition stocks show activity. Closing is irregular with bond strength offset by mixed equity moves.
The pistol used by Henry Clay in the 1826 duel with John Randolph has been acquired by Gus Bronson of Waupaca Wisconsin. He obtained it via his Tacoma Washington brother who bought it from B B Penrow a firearms collector whose great grandfather was a friend of Clay.
Samuel H. Church of the Carnegie Institute compared wartime atrocities to a miner couple tale told at a Pittsburg luncheon. He said a bride was paid only a dollar first week and half a dollar second week, provoking the wife and a storm over the meanness as the miner left in anger.
San Antonio market report notes cotton price movements and prices in brief at a glance. Local traders and growers monitor day to day changes with focus on price levels and demand signals.
Strong wheat gains driven by adverse crop reports and Liverpool quotes. Oklahoma state crop outlook bullish with Indiana and Ohio acreage reduction hints. Corn shows limited selling pressure and general advance. oats move with grains. Hog prices rise lifting pork and provisions amid weekly meat production data.
San Antonio grain buyers posted prices for Saturday delivery. Wheat ranged from 1.25 to 1.31 per bushel depending on grade, corn offered at 0.72 to 0.78, oats at 0.48 to 0.67, with Oklahoma prices aligning to Texas rates.
Livestock receipts at Fort Worth on April 1 show cattle at 150 head with Reeves selling from 6.00 to 8.50 for stockers and cows and heifers 4.00 to 8.50. calves 4.00 to 8.50. Hogs tally 1600 with bulk 9.00 to 9.25. heavy 9.25 to 9.36. mixed 9.00 to 9.10. pigs around 4. The sheep yard had no receipts. yearlings and ewes listed with prices 7.00 to 10.00 and 7.50 to 8.06 respectively.
Receipts and bids for hogs cattle and sheep listed. Hogs receipts 1000 with bulk at 9.00 to 9.85, heavy 9.35 to 9.45, light 8.90 to 9.25, pigs 8.00 to 8.75. Cattle receipts 400 with prime fed steers 9.25 to 9.60, dressed beef steers 7.75 to 9.10, cows 5.00 to 7.85, heifers 7.00 to 9.75. stockers for 8 quarters 65. Sheep receipts none and market steady with lambs 10.60 to 11.35, yearlings 9.50 to 10.49, wethers 8.25 to 9.00, ewes 7.76 to 8.50.
Money market report shows mercantile paper at 8 3/4 percent. Sterling 60 day bills 4.72 percent, demand 4.76 percent, cables 4.77116. Guilders demand 2 1/2 percent, cables 2 1/2 percent. Bar silver 0 percent, Mexican dollars 46 1/2 percent. Government bonds steady, railroad bonds irregular.
London reports show bar silver at 28.15 to 164 per ounce with money at 4 4% per cent and discount rates for short bills and three months at 4% per cent.
Quotations issued for dry salt bacon and bellies with prices in cents. Dry salt extras listed at 14 percent, bacon extras at 16 cents, dry salt bellies averaging 14 to 16 pounds at 16 cents, and fancy breakfast bacon priced at 26-6 cents per unit.
Quotations show wheat No 2 red 1.21 per bushel No 2 hard nominal corn No 2 yellow 80 c oats standard nominal barley 68 75 c.
Kansas City cash grain report lists wheat prices for No 2 hard 1.07 1 13 and No 2 red 1.14, corn No 2 mixed 69.70 and No 2 white 70 cents, oats No 2 white 47 48 cents and No 2 mixed 41 42 cents.
Grain futures closed with Wheat May 1.074 dollars, July 1.07 percent, Corn May 7 cents, July 71.75 cents, and Oats May 0.43 dollars in Kansas City trading on April 1.
A brief ticker note from New York dated April 1 reports Coffeet No. 7 steady as May 8.14 and December futures at 4. The fragment highlights cautious trading with no clear directional move and minimal volume across contracts.
In New Orleans on April 1 a strong tone persisted as rice quotations remained unchanged. Receipts totaled about 1908 with millers reporting 198 ships or lots in the same period, indicating stable market activity.
Receipts: hogs 3000 cattle 100. Prices rise for hogs with pigs and lights at 7.00 9.45, mixed and butchers 9.25 9.65, good heavy 9.55. Cattle show steady market. native beef steers 7.50 9.85, yearling steers and heifers 8.60 9.50, cows 5.50 8.60, stockers 5.50 8.09, Texas Oklahoma steers 5.25 8.00, calves 6.00 10.00. Sheep receipts zone, market nominal. yearling wethers 8.00 10.40, lambs 9.00 11.76, ewes 6.50 8.50.
On April 1 in Chicago receipts for hogs totaled about 6000 with strong demand and mixed lots selling between 9.00 and 9.65. Cattle receipts reached 200 with a weak market and beef steers bidding 7.50 to 9.80, cows 4.00 to 8.75, calves 7.25 to 9.25. Sheep receipts 6500 with weak demand. wethers 8.50 to 9.15 and lambs 9.25 to 11.50.
New York reports fiber markets in firm condition with cotton goods steady and wool showing a further rise. Ready to wear trade remains active as textile sectors hold firm.
Metal markets report from New York on April 1 shows copper firm with electrolytic nearby at 28.09 to 29.00 dollars and nominal June and late at 27.00 to 27.50. Iron prices unchanged.
New York report shows banks and trust companies hold 123 823 040 dollars in reserve above legal requirements, a decline of 2 439 639 dollars from the prior week. The weekly statement reflects the condition of clearing house institutions for the week ending April 1.
Observations taken at 8 a m on April 1 1916 show wing velocities under ten and precipitation under one tenth of an inch according to local forecaster Allen Buell.
The Supreme Court held that Yakima treaty rights do not exempt Indians from state fishing laws outside reservations. Indians must have equal but not broader rights, and may be subject to police power like non Indians. The ruling rejects the view of sovereign two peoples ceding rights.
The St Louis grain desk reports quotes for wheat corn and oats with No 2 red wheat at 1.21 to 1.22 per bushel No 2 corn at 78 to 79 cents No 2 oats at 44 to 45 cents and No 8 hard wheat at 1.16 per bushel Journal notes Honduras Japan pocket figures and rough counts for specific lots.
Broadway chatter presents three theories for why Gaby Deslys no longer occupies rooms at the Knickerbocker Hotel. One says she lent her suite to Philadelphia engagement and found it rented long term. Another claims Behan leased the suite in her absence, leaving no vacancy. The third blames the actress for bringing a dog that the manager objected to.
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