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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 18, 1916
Page
11
Cotton buyers among spinners push Texas spot prices higher as demand strengthens. mills shift toward prompt purchases, signaling firming market. buyers secure loads for near term needs amid rising futures cues.
The report notes a general market rally with about 50 cents per bale gains as spinners demand rises. San Antonio spot buyers quoted 11.69 middling with widespread higher sales. New Orleans market closed due to an election while New York futures firmed after morning weakness. News on Mexico, Germany's submarine actions, and crop conditions influenced sentiment as traders await official acreage data for the South.
The cotton market opened higher with Liverpool selling new crop months while buyers covered near and late deliveries. July rose to 12.07, October to 12.23 as near months rallied, May liquidation absorbed, and forward delivery rumors to spinners surfaced before prices cooled near mid‑day.
New York cotton futures opened firm with May at 11.88 and July at 12.98, October 12.27, December 12.40, January 12.43. Close figures show gains of about nine points. Liverpool market expected to open Wednesday higher by 1 to 2 points. Call figures list May 11.04, July 12.08, October 12.96.
Liverpool April 18 spot cotton remains firm with good middling at 8.10d and middling at 7.40d while low middling holds at 7.66d reflecting steady demand and pricing in the market.
Futures quiet on Liverpool market with dates and rates listed for contracts from April through March. Quotes include April 7.69 and various forward-month spreads, reflecting minimal activity.
Coetton seed prices steady with 5200 barrels traded. Crude and yellow and white varieties show fixed or bid levels across April to October futures, including prime crude at 89.5 and May to November yellow and white prices from 9 to 19 dollars.
Figures released in Pittsburg show 5000000 has been appropriated and 10900000 more will be spent soon by industrial firms for constructing coke oven by products facilities in the district. Western Pennsylvania is poised to lead in restuffs and chemical use due to coke by products.
New business booked nine million eighty six thousand and forty feet. Shipped one hundred five thousand nine hundred forty feet. Orders on hand total four hundred fifty nine thousand four hundred sixty feet. The figures cover close of business Friday per the Southern Pine Association.
A New York report lists May futures at 8.03 and December at 8.35, with general steadiness noted in the market. The item includes a Maine advertising exchange quip about a wife Helen Bowman and husband Charles Bowman correcting a prior claim regarding shared bed and board.
Union Stock Yards report April 18 shows steers up to 7.50 and hogs to 9.00 at San Antonio with cows near 6.25 and calves to 7.50. Receipts totaled 339 cattle 236 calves 141 hogs and 16 horses with quality up after rains. Other markets reported mixed results with hogs slipping and cattle roughly steady.
Fort Worth Texas reports cattle receipts at 8200 with steers 6.50 to 7.50, stockers 6.00 to 7.50, cows 4.00 to 7.78, heifers 5.00 to 8.59, bulls 4.50 to 6.25, calves 4.00 to 8.50. Hog receipts 3500 with bulk 9.25 to 9.45, heavies up to 9.50, mediums 9.30 to 9.40, pigs 4.50 to 7.00. Sheep and goats mixed with lambs 8.00 to 12.00, yearlings 7.00 to 8.50, wethers 7.00 to 7.50, ewes 8.00 to 7.25, culls 4.00 to 5.00, goats 4.25 to 5.65.
In St Louis on April 18, hogs and pigs saw lower prices with receipts around 12 000 and various clasees from 7.50 to 9.85. Cattle receipts reached 4809 with native steers at 7.50 to 9.75 and cows 5.50 to 8.00. sheep receipts about 2000 with yearling wethers 4.00 to 10.75 and lambs 19.00 to 11.55.
Chicago on April 18 reports hogs receipts 13,600 with slow market and various price ranges from light to rough. Cattle receipts 3,000 with native beef steers around 7.90 to 9.90 and cows 4.00 to 9.25. Sheep receipts 12,000 with market steady and wethers 6.90 to 9.18 and lambs 7.65 to 11.68.
Receipts and prices for hogs cattle and sheep listed with market conditions in Kansas City. Hog bulk $4.40 to $9.80, pigs $8.25 to $8.85. cattle prime fed steers $2.25 to $9.75, dressed beef steers $8.00 to $9.25, cows $5.50 to $8.25, heifers $7.00 to $9.80, stockers $7.00 to $8.75. sheep lambs $10.75 to 11.50, yearlings $9.50 to $10.59, wethers $8.75 to $9.50, ewes $8.00. Market steady for hogs and cattle, strong for sheep.
April 18 market notes show Yead at 7.7, Speller steady with East St. Louis delivery at 19.30 asked. Copper firm electrolytic nearby third quarter 28,000 729.00. Tin quiet with spot 51.25 bid.
A London report quotes an army officer at a dinner discussing how mutilated World War I heroes will be treated, then recalls a Civil War veteran with one leg who jokes about his bed. The piece contrasts postwar care with lingering veteran hardship and includes a witty exchange about a three legged bed.
Quarantine cattle totals show seven loads steady to strong with av wt prices listed for several consignors including Fales Av Wt Price Hughes Memphis and Mannan Frederick. Oklahoma City sales report nine hundred fifty cattle steady and hogs four thousand fifty down five to ten cents.
In Savannah on April 18 turpentine and resin markets show limited activity. Turpentine at 46 percent with 59 for whales and shipments 8/9. stock 613 percent. Resin quiet with Saleg 298 receipts 446 shipments 1238 stock 68,797. Various firms quoted mixed prices with multiple figures recorded.
A House passed measure authorizes the census director to collect and publish monthly cotton seed and product data. The bill, pushed by Rep Lever of South Carolina and supported by southern senators, imposes strict confidentiality and penalties for noncompliance by mill owners, brokers, and manufacturers.
The report shows yesterday's cotton stock at 1 ve the day of the week near 1 341 255, and last year's stock at 1 444 909. Excess stock this season amounts to 93 480 bales compared with prior periods.
Wheat traders slimmed on nerves over submarine developments in Germany, with prices dipping early and later rallying yet ending firmer. May wheat at 1.14 1 4, July at 1.14 4, corn steady with modest gains, hog receipts large across the West hindering demand.
San Antonio buyers posted corn at 51.4 to 86 cents, oats 46 to 54 cents, sacks 2 cents. milo and kaffir corn bulk prices listed with hay values per ton. Chicago quotations show Wheat No. 2 red 1.1991.20, Corn No. 2 yellow 78 cents, Oats Standard 45 to 46, Barley 62 to 76 cents.
Quotations today show wheat at No 1 red 1 141 18 per bushel and No 1 white 1 081 15. Corn No 2 mixed 71 cents per bushel. Oats No 2 white 40 to 41 cents.
Wheat prices showed 2 red 1.239 to 1.25, No 1 hard 1.18. corn No 2, No 2 white 75 cents. oats 42 1/2 to 42 3/4 cents. No 2 white and other bids unavailable.
San Antonio dry goods jobbers report large volumes with prices very strong and rising across most wares. A New York telegram notes firm values for percale prints ginghams denims and cottons with shortages from mills. Malt exports to foreign markets surge from 350000 to 2153000 bushels as Italy Sweden Argentina Brazil and the Philippines buy US malt, Canada dipping.
Rivera reported prices for country produce delivered in San Antonio on Tuesday. Texas country handled at 18 to 14s per cRe. Texas creamery paid $1.33 per pound. Packing stock 0 to 22¢ per pound. Poultry prices included hens at $6.00 per dozen, broilers $4.00 each, turkeys 19 to 20¢ per pound, ducks $5.69 per dozen, geese $7.00 to 10.00 per dozen.
Quotations listed for dry salt extras bacon bellies and hams with weights 14-18 pounds and 14-16 pounds. Prices shown include 16 to 18 cents per pound for various items and pure lard at 14 cents per pound.
Temperature and rainfall data for Houston district stations over the 24 hours ending 8 a.m. were recorded with measurements across multiple stations. The bulletin details temperatures, precipitation, and general weather conditions observed in the region around San Antonio, Texas.
Observations recorded at 7 a m on Tuesday April 18 1916 note wind under 10 mph and precipitation under .01 inch not published. Allen Buell, Local Forecaster.
Butter steady at 31 to 84 cents per pound while creamery prices edge up to 84 cents. Receipts reach 44 081 cases for firsts at 20 to 20 1/4 cents. ordinary states see 18 to 20 cents. Potatoes fall with 47 cars received from Michigan Wisconsin Minnesota and Dakota at 70 to 85 cents. Poultry alive higher with fowls 18 to 20 cents and springs 20 cents.
Kansas City quotations list dairy prices with creamery and firsts at 25 and 33 cents, packing time and fees, poultry prices show hens at 15 cents and turkeys at 20 cents, with incomplete entry on lipped categories.
Raw sugar firm, centrifugal listed at $6.02 with refined products and concentrates priced across several grades. Prices include molasses and confectioners varieties, with notes on moulds, cubes, and granulated forms, reflecting a diverse market session in New York.
Grain futures show May wheat at $1.05 and July at $1.06 per bushel. Corn May at 70 cents and July at 72 cents, with May oats at 42.9 cents.
In New Orleans on April 18 the rice market stayed strong in most grades while clean Japan held steady. Receipts show rough 1400, millers 1388, clean 23638. Sales report two hundred pockets of clean Honduras at 31 1/6 to 3 1/2 cents per pound. Quotations list rough Honduras at 3.00, Japan 3.00 to 4.00, clean Honduras 45 percent protein, rice polis near 25 to 26 per ton, Bran 15 to 16.
New York April 18 Free gelling of Specialities led early trading with declines in Crucible Steel Baldwin American Locomotives Westinghouse Mexican Petroleum Studebaker Industrial Alcohol Mercantile Marine climbed on earnings but weakened later. Rails steady while copper shares advanced. War stocks slipped as shipping issues rose in final hours. Irregular close.
On April 18 in New York the mercantile rate stood at per cent and 3% per cent. Sterling exchange for sixty day bills at 4.7, demand 4.78, cables 4.77. Guilders demand 42 5-16, cables 42 7-16. Bar Silver 63 cents, Mexican dollars 49 cents. Government bonds traded heavy while railroad bonds moved easier.
The report from New York on April 18 notes steady time spans with sixty and ninety days at 8 percent and six months near 3N percent. Call money remains firm with high 2 percent, low 1 percent, ruling rate 2 percent, last loan 2 percent, closing bid 3 percent and offered at 2 percent.
London reports bar silver at 39 164 per ounce and money at 14 4 percent. Discount rates for short bills and three months stand at 4 percent.
The Texas Department of Insurance and Banking issues a certificate of authority to Aetna Accident and Liability Company Hartford Conn confirming compliance with Texas laws to conduct business in the state. The certificate remains valid through February 28, 1917. Commissioner Mo S Patterson signs and seals the document in Austin.
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