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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 08, 1916
Page
7
Market data show Gotton rising sharply while overall trading stays subdued with small volume. Analysts note limited activity ahead of major economic releases.
The cotton market opened slightly lower to higher and firmed through the morning. July and October rose, short covering and near buying supported values while liquidations pressed prices before a late day net gain of 6 to 10 points. Continental buyers in New Orleans aided new crop months with May at 11.90, July 12.07, October 12.25 cents.
Cotton futures in New York opened steady with May at 11.80, July 11.96, October 12.14, December 12.31 and January 12.37. The market closed 6 to 9 points higher with intraday highs and lows listed, showing a stronger tone into the session's end.
San Antonio buyers paid varied prices for cotton delivered to local compresses on Saturday. Prices included good middling, middling, and strict low categories with several figures obscured by OCR errors.
New Orleans market opens steady with cotton gaining 18 to 15 points in early trading. Mild temperatures and easing political tension spur buying by both sides, erasing yesterday's late-session losses.
Cotton opened steady in New Orleans with May at 11.69, July 11.88, October 11.96, December 12.09, and January 12.18. The market closed 7 to 9 points higher amid light activity and erratic quotes across nearby contracts.
Liverpool spot cotton priced at 7.834 middling 7.59d and low middling 7.35d with 3000 bales sold for speculation and export. Receipts total 4000 bales as futures trading remains quiet.
A fragmented ledger from Liverpool shows monthly exchange rate figures for pairs such as April-May and May-June with values around 7.42. The data includes multiple entries across the year ending in March-April with some garbled suffixes and inconsistencies.
Washington reports April data show ocean freight rates on some commodities, especially wheat, up about 900 percent since the war began. Dr. E. E. Pratt, head of the foreign and domestic commerce bureau, released the figures today.
Consular reports show Lamport and Holt profits of 1,620,043 dollars after losses and depreciation from 1915. British ship owners earned huge dividends last year, with ships in the American trade contributing to the gains.
The executive committee in Memphis selected Memphis as the 1916 meeting site for the Interstate Cotton Seed Crushers Association. The convention will convene June 6 to 8.
Buyers paid varied prices for Texas country goods delivered in San Antonio on Saturday. Candied country produce and Texas creamery product prices ranged from 31 to 33 cents per pound, with packing stock at 0 to 22 cents. Poultry values included hens at 6.76 per dozen, friers at 5.50 to 6.50, broilers 4.00 to 4.50, turkeys 19 to 20 cents per pound, ducks 5.50 to 6.00 per dozen, and geese 7.00 to 10.00 per dozen.
Kansas City April 8 market notes show quotes for poultry and meats with firsts and packing prices. Hen sales listed at seasonal rates, turkeys noted with a 20 cent figure and various items at 25 cents and 24 cents.
York market report shows futures firm with May at 8.28 and December at 8.59. Prices indicate steady demand across trading sessions.
State banks and trust companies in Texas report total resources at 155,939,811.4 dollars for March 7, up 6,157,674.84 from December 31, 1915. Capital stock stands at 32,065,000 dollars with deposits at 89,028,244.92 and loans and discounts totaling 78,756,821. Overdrafts decrease by 129,142.25, liabilities rise to 155,930,811.52.
Wholesale to trade lists prices for potatoes onions tomatoes celery cabbage peppers beets green beans squash lettuce parsley cauliflower cranberries apples bananas oranges limes grape fruit and more. Includes per hundredweight per crate per pound and per box rates across Texas Colorado California Florida Washington and Louisiana with figures for canned meats fish flour rice coffee alfalfa seed benched by product and region.
The remarks from Bishop Elijah E. Hoss at a Muskogee dinner joke about a Methodist minister famed for chicken lore. He recalls a Knoxville conference week when a suburban farmer’s wife explains all her chickens have already entered the ministry.
The article reports wheat ending the session with a small decline and subdued trade, amid European tensions and higher marine risk insurance rates. May and July futures opened slightly higher but finished 1 cent or more down, while corn fell broadly and provisions showed little support.
Prices paid in San Antonio for grain delivered Saturday include Wheat at 1.30 to 1.32 per bushel for Texas and northern grades, Corn at 0.60 to 0.73 depending on grade and region, and Oats ranging from 0.50 to 0.67 per bushel across Texas and northern white varieties. Oklahoma prices mirror Texas grades.
Local packing house quotes show dry salt bacon extras 14 percent and bacon 14 16 pound average at 16 to 18 4 cents. Fancy breakfast bacon 260 and fancy hams 21 cents. Pure lard 13 cents and compound lard 12 cents.
Chicago market notes quote grain prices for wheat corn oats and barley with No 2 red wheat at around 1.20 to 1.21 per unit No 2 yellow corn steady Oats at 46 cents and barley about 62 to 75 cents per bushel lines indicate fluctuating values from the April report.
Market report from St. Louis on April 8 lists grain prices with No. 2 hard wheat at 1.27 dollars, corn No. 2 at 74 4/5 cents, No. 2 white at 74 1/2 cents, and No. 2 oats at 43 cents. White oats price noted as nominal.
Kansas City price quotes list multiple grain futures for April. corn and oats are shown with No 2 grades and bid ask ranges, including No 2 hard and No 2 red wheat and corn white.
Grain futures closed in Kansas City with May wheat at 10.78 and July wheat at 1.06. May corn at 69 percent, July corn at 71.1 percent. May oats at 4.24 cents.
In New Orleans on April 0 rice grades remained strong with steady clean Janan. Quotas unchanged. Receipts totaled 656 rough 656 millery 4202 clean. Sales reached 3100 pockets with Honduras rice at 1 16 5c.
A Washington report notes rapid ocean freight rate hikes from U.S. ports led by grain shipments to Liverpool and flour and provisions, with grain from New York rising about tenfold since 1914. The shortage stems from German and Austrian ship losses, wartime merchant fleet withdrawals, and mine and submarine damage.
Cattle receipts 300 steady market steer prices from 6.59 to 9.50, stockers 6.00 to 7.50, cows and heifers 4.00 to 8.50, calves 4.00 to 8.50. Hogs receipts 1500 steady with ranges 9.25 to 9.55, heavies 9.50 to 9.55, mixeds 9.30 to 9.40, lights 9.25 to 9.50, pigs 4.50 to 7.00. Sheep receipts none and market steady with lambs 8.50 to 9.15, yearlings 7.60 to 8.75, wethers 7.50 to 8.00, ewes 7.00 to 7.75.
In St Louis on a calm market day receipts included 2500 pigs and lights with mostly steady.rates ranged from 7.25 to 9.85 for various hogs. Cattle receipts numbered 190 with native beef steers at 7.50 to 9.75 and yearlings 8.30 to 9.60. Sheep offerings were light with yearling wethers 8.00 to 10.40 and lambs 9.00 to 11.40.
Kansas City reports hog receipts about 500 with steady to strong tone and prices for bulk hogs around 9.30 to 9.60, primes at 9.25 to 9.65, light at 9.25 to 9.65, and middling in the 8.25 to 9.00 range. Cattle receipts about 100 with primes 9.25 to 9.65, dressed beef 9.00 to 9.25, cows 5.00 to 8.00, heifers 7.00 to 9.75, stockers 6.75 to 8.75. Sheep receipts steady, lambs 10.80 to 11.40, yearlings 9.50 to 10.25, wethers 8.50 to 9.25, ewes 7.75 to 4.50.
Chicago livestock prices show hog receipts at 31 000 with steady market. Bulk hogs bring 9 55 to 9 70, light 9 80, mixed 9 359 80, heavy 9 259 75, pigs at 7 60. Cattle receipts 200 with native beef steers 7 70 to 8 70, stockers 6 10 to 8 75, cows and heifers 4 20 to 9 10, calves 5 00 to 9 00. Sheep receipts 1000 steady with yearlings 8 25 to 9 26 and lambs 8 75 to 11 40.
New York markets show raw sugar steady with centrifugal at 5.96 and molasses at 5.19. Refined sugar remains firm with multiple forms quoted from cut loaf at 8.1 to 8.00 for cruany and 7.50 for mould and cubes.
Chicago notes butter lower creamery 31 361c eggs higher receipts 3723 cases firsts 20c ordinary firsts 18 19c at mark potatoes unsettled receipts 42 cars white corn Ohio Dakota Minnesota prices quoted poultry alive unchanged fowls and springs 19c. Includes a witty exchange from the Milwaukee Sentinel.
A Washington Star quote notes a daughter not improving in music but nearing a shift as she grows tired of practicing, suggesting a change in attitude rather than skill.
In New York on April 8 metal stocks led the session while most markets were flat. Marine rose slightly, Crucible Steel Westinghouse and International Nickel slipped, Industrial Alcohol fell then recovered, and United States Steel held top spot despite a weak overall tone.
The condition statement for the clearing house banks and trust companies shows a reserve excess of 99,047,930 dollars above legal requirements, a decrease of 24,775,110 dollars from the previous week.
New York mercantile paper and bond quotes show 60 day bills at 4.72 percent, demand 4.76, cable at 4.77. Guilders demand 0.43, cables 0.434. Bar silver 61 4 cents, Mexican dollars 47 4 cents. Government and railroad bonds noted.
London reports bar silver at 29 percent per ounce and Money at 4 4 percent. Discount rates for short bills and three months are 4 4 percent.
Copper quotations in New York firm as leading agencies withdraw electroytic offers for any delivery before July. Nearby months quoted around 28 dollars with June and later deliveries at 27.25 to 28.00 dollars. Iron prices unchanged.
In Savann nah Ga April 8 turpentine prices steady at 49 with 63 sales 95 receipts and 287 shipments stock 6743. Resin firm with no sales 351 receipts 1091 shipments stock 69527. Quoted: A R Co D E FP 4 80 G H 4 90 I 8 05 ae eee 5 40 N 5 45 WG 5 50.
Local forecaster Allen Buell reports wind speeds under ten miles per hour and precipitation under one tenth of an inch. Weather bulletin reflects current conditions with a note on published measures.
City of San Antonio set to hold a public hearing on Avenue E improvements with special assessments. Resolution confirms City Engineer plat and statement, outlines property parcels in Bexar County for assessment, and details costs, city share, and frontage for each parcel.
City of San Antonio approves a detailed cost estimate for paving and guttering on Avenue E from Houston Street to Fourth Street. It outlines frontage assessments, city payables, and the front-foot method to be used under the 1913 procedure ordinance, with a public hearing set for April 20, 1916.
New York cotton and oil markets closed steady with spot bids and May to November futures noted. In Rochester, a man named James faced a poaching charge and denied ever shooting a bird out of season, claiming a rabbit incident was the sole exception.
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