Metal Market Report from New York on Lead Copper and Tin
Lead at 7.75 dollars with Spelter firm for East St. Louis delivery. Copper steady at 28.50 to 29.00 for nearby and 27.50 for June and later. Iron unchanged. Tin at 853.25 dollars bid.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 11, 1916
Page
13
Lead at 7.75 dollars with Spelter firm for East St. Louis delivery. Copper steady at 28.50 to 29.00 for nearby and 27.50 for June and later. Iron unchanged. Tin at 853.25 dollars bid.
London on April 11 reports lead at 34 pounds 6 shillings, spelter 958, spot copper 120, futures 118, electrolytic 135, spot tin 202, futures 199 pounds 15s, with notable shifts across metals.
Galveston April 11 new demurrage rules on grain for export will take effect at Gulf and Atlantic ports April 18. The rules grant twenty days free time after car arrival and charge 1/2 cent per bushel for each five day period beyond the free time. Galveston Bay lines sought the rule change with other Gulf and Atlantic ports joining.
Walker L. Fisher told a Senate committee that International Harvester has been forced to refuse binder twine orders and faces a shutdown because planters will not sell sisal since April. Levy Mayer and W B Spencer protested on behalf of planters and bankers backing them.
Lewis Wardlaw Parker former president and largest stockholder of Parker Cotton Mill Company died early today in Greenville D C He controlled sixteen of the largest mills in South Carolina.
In Washington on April 11 Senator Bryan introduces an amendment to the agricultural bill to raise the citrus canker appropriation from 250000 to 500600 dollars.
Weather bulletin states winds under 10 miles per hour and rainfall under .01 inches are not measured. LLEN BUELL, local forecaster, emphasizes that such light conditions are not recorded in reports.
The market for cotton is quiet but activity is stirred by reports of crop damage. Traders note cautious demand as growers consider prices and potential quality impacts.
The daily quotation of middling cotton prices across markets shows San Antonio at 11.65 with sales figures 1,045. New Orleans lists 13.75 with 1,840 sales. Other entries include 12.35 and 7,000 overall quantities across centers.
April 11 cotton prices showed no major move with futures up modestly while spot offerings remained active on bulges. Texas frost reports raised concern over young cotton as San Antonio market stayed light with prices near 11.65 cents per pound for middling. Weather and Mexican campaign news kept traders attentive, with talk of Villa’s capture boosting sentiment and suggesting possible pivotal news to come.
The New York cotton market opened steady with an advance of 1 to 8 points, near months absorbed by trade buying. May rose to 11.93, July to 12.10, October to 12.26, while later trading dipped to 11.89 for May and 12.22 for October as activity remained fair but quiet. Liverpool sold October and January. private cables predicted wider gaps but failed to confirm.
The report shows May at 11.90, July 12.08, October 12.23, December 12.41, January 12.45 with futures closing unchanged to a point higher. A Liverpool 11 o'clock call notes a drop of 1 to 1.5 points for Wednesday openings and July and October quotes around 12.06 to 12.21 in New York.
In New Orleans on April 11 the cotton market showed a quiet steady tone. Prices rose 4 to 6 points in early trading as cables beat due reports of extensive cold weather damage and rising acreage in latest sales, then moderated to a net 3 point advance at noon and closed with a 3 to 4 point gain.
In New Orleans on April 11 cotton futures opened steady with May at 11.79, July 11.97, October 12.02, December 12.14 and January 12.28. The market closed 1 to 2 points higher, near 12.00 to 12.01.
Liverpool April 11. Pot cotton steady. Good middling 7.904, middling 7.664, low middling 7 4d. Sales 7060 bales including 1060 for export and speculation. Receipts 20,000 bales.
Liverpool reports futures trading steady with April contracts at 7.57d, April-May 7.564, May-June 7.56d, June-July 7.544, and subsequent months easing to 7.29%d by March-April. Market notes indicate persistent firm sentiment across months.
In New York on April trade, seed prices fluctuated with July and August bids at $10.50 and $19,578 10.78 respectively. September and October bids varied, while November figures stood at $8. Total sales totaled 18,800 units.
In New York on April 11, cotton goods were quiet and firm while dress fabrics in lower grades showed scarce availability in the jobbing trade. Raw silk declined notably at Yokohama.
In New York trading on April 11 New Haven slipped one point while most issues edged higher or held firm. Crucible Steel led the war group with a 14 point advance, United States Steel opened up after selling 1500 shares, and Ingersoll Rand rose to a new peak of 300 before late session losses.
New York price notes from April 11 show mercantile paper 33 percent. Sterling exchange for 60 day bills at 4.72 percent and demand 4.767 to 4.77. Guilders demand 42 percent. Bar silver at 62 percent and Mexican dollars 8 percent. Government bonds steady while railroad bonds show irregular activity.
Time loans show firmness with 0 day at 2 percent, 99 days at 2 percent, and six months at 3 percent. Call money firm with high and low at 2 percent, ruling rate 2 percent, last loan 2 percent, closing bids 2 percent, and offers at 2 percent.
London reports bar silver at 29 11 144 per ounce with money and discount rates listed. Short bills and three months at 4 percent and 44 percent follow the standard money rates amid financial notices.
Market brief notes prevailing cotton prices in San Antonio with quick reads on futures, spot rates, and supply trends. Analysts cite demand shifts, price gaps, and weather effects influencing local trading activity.
Union Stock Yards report shows higher hog prices and steady cattle values with gains at major livestock centers. San Antonio market notes receipts of 182 cattle 1 calves and 235 hogs and hogs selling to 8.80, while steers bring 6.60 to 7.00 and cows 5.00 to 6.25.
Fort Worth Texas april 11 cattle receipts 4100 market steady steer s6 50 r50 stockers 6 50 7 80 cows 4 6 50 helfers 5 8 50 bulka 4 50 6 26 calves 4 50 8 50 hogs receipts 5000 market steady bulk 9 20 9 49 heavy 9 40 median 9 30 9 40 mixed 9 20 9 30 light 7 25 8 25 sheep receipts 500 market steady lambs 8 00 11 00 yearlings 7 50 9 00 wethes 7 0 8 0 ewes 6 0 7 75 kids 4 50 5 50
Chicago markets report receipts for hogs 13 000 with strong demand bulk 9 50 to 9 65 light 9 20 to 9 99 mixed 4 20 to 9 70 heavy 9 20 to 9 70 rough 9 20 to 9 35 cattle receipts 4 000 market steady native beef steers 7 80 to 9 95 western steers 7 60 to 8 60 stockers 4 85 to 5 85 cows and heifers 4 06 to 9 00 calves 2 6 0 to 9 0 sheep receipts 15 000 market steady wethers 7 00 to 9 35 lambs 7 50 to 11 79.
Receipts and prices for Hogs Cattle and Sheep shown for Kansas City on April 11. Hogs receipts 11,000 with bulk 9.25 to 9.55, heavy 9.40 to 9.55, pigs 7.58 to 8.85. Cattle receipts 7,500 with prime fed steers 9.25 to 9.65, dressed beef steers 8.00 to 9.25, cows 5.50 to 8.26, heifers 7.00 to 9.75, stockers 4.75 to 8.65. Sheep receipts 1,000 with lambs 11.75 to 13.00, yearlings 9.50 to 10.50, wethers 8.50 to 9.25, ewes 8.00 to 8.65.
Receipts total about 10 000 hogs with prices from 7.25 to 9.80 per cwt and cattle 3 300 head with native beef steers 7.50 to 9.75, yearling cattle and heifers 5.50 to 9.50, cows 5.00 to 8.00, calves 6.90 to 10.00, plus 1 500 sheep noted with yearling wethers 8.00 to 10.40 and lambs 9.00 to 11.50 as market remains steady.
Galveston and New York reports list arrivals including Martin Saens from New Orleans Sigle from New York and Van Allen from Manchester, with schooner Van Allen and Broughton also noted. Sailed vessels include Syme to Rotterdam Antillion to Liverpool Cadiz to Barcelona and Mexicano to Tampico.
Carlot buyers paid posted prices for rye wheat corn and oats in San Antonio on Tuesday. Wheat ranged from 1.30 to 1.32 per bushel with Texas and northern grades. Corn showed 0.73 to 0.80 per bushel for various grades. Oats sold at 0.40 to 0.52 per bushel in bulk or sacks with northern grades at 0.66 to 0.67 per bushel. Oklahoma prices matched Texas grades.
The listing shows prices for dry cast extras bacon pieces at 14 percent, 14-16 pound bacon averages at 16 percent, fancy bacon and hams at 2 cents, bacon bellies at 14-16 pounds averaging 18 percent, pure lard at 13 cents, and compound lard at 12 percent.
Quotation today shows wheat at No 2 hard 1.12 to 1.20 dollars per bushel and No 2 red 1.15 to 1.20, corn No 2 mixed 70 to 70 4/5 cents, No 2 yellow 70 to 70 4/5, oats No 2 white 41 7/8 to 48 1/4 cents, No 2 mixed 41 7/8 to 43 1/4.
In Kansas City on April 11 grain futures posted gains with Wheat May at 1.10 percent and Wheat July at 1.10. Corn May rose 0.69 percent while July held as a tie.
The record shows cotton receipts at major ports including New Orleans Mobile Savannah Charleston Wilmington and Norfolk with figures such as 5 650 1 998 1 938 249 and 1 605 indicating shipment activity from these hubs. The list captures port level totals across southeastern and Atlantic coastal cities reflecting early market movements.
Five hundred Texas lumbermen attend the opening session of the 30th annual Texas Lumbermen's Association convention in Dallas. The three day program covers war impact on lumber, railroad rates, and waterways with addresses by T. W. Griffiths, J. C. Dionne, Charles H. Flato Jr., and F. L. Hillyer. Social events are planned in the off hours.
The hardware jobbers announce a 10 to 15 percent rise on leading glass tableware due to higher production costs and stronger demand. Sugar demand remains active with strong import prospects as the Logan transports 1954 tons of vane sugar toward San Francisco. Vegetables stay scarce and pricey after frost, while packers hold prices steady.
Raw sugar futures quotes list centrifugal and refined forms with various grades and prices in dollars per hundredweight. Refined sugar prices include loaf cone, crushed mould and diamond grades, with ranges from about 5.00 to 8.15 per unit and hundreds of dollars for powdered and confections grades.
Turpentine firm reports 48 48% sales 249 receipts 170 shipments none stock 6553. Resin quiet with sales 270 receipts 463 shipments none stock 69726. Quotations listed for A B C D E F G H J K M N W G W W with prices from 4.80 to 6.80 reflecting market levels.
In New Orleans on April 11 a steady tone sustained for Honduras and Japan rice. Clean Honduran rice held firm with quotes around 3.37 for roughs and 3.00 for Japan. Rice polish and bran values ranged from 25 to 26 and 15 to 16 per ton respectively.
New York notes on April 11 show May futures at 8.22 and December at 8.65 as prices ease in response to Rio market conditions.
Burers paid varied prices Tuesday for local goods in San Antonio. Eggs steady. Texas country eggs 18 to 18 cents a dozen. Butter firm. creamery butter 31 to 33 cents per pound. Country butter 20 to 26 cents with packing stock 20 to 22 cents. Poultry firm. hens 7 to 8 dollars per dozen. friers 6 to 7 dollars. turkeys 19 to 20 cents per pound. ducks 5.50 per dozen. geese 7.09 to 10.00 per dozen.
City price report shows butter steady and eggs at a range around 19 to 20 cents per dozen. Potatoes rise on regional receipts with Minnesota Dakota and Ohio influences noted. Poultry alive steady with spring chickens priced near 19 cents.
Kansas City market notes list Butter at 25 to 33 cents and Eggs at 20 to 21 cents per dozen. A stray line references an African calendar water sound heard over long distances, unclear in context.
The Aetna Accident and Liability Company of Hartford Connecticut has met Texas law requirements and is granted authority to operate in Texas for the year ending February 28, 1917. Commissioner Mo S. Patterson signs and seals the certificate in Austin.
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