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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 24, 1916
Page
11
Texas rainfall slows cotton shipments and farming activity, spurring bearish pressure on prices. Market observers note uneven movements as supply concerns and weather disruptions impact futures outlook.
New York April 24 The cotton market opened barely steady after Wall Street selling pressured May liquidation. Prices rose from the early lows with May at 11.78, July 11.96, October 12.16 as buyers covered. Liverpool closed. later trading calmer with prices holding close to Thursday’s levels and rains reported in some central eastern belt areas.
Cotton futures opened barely steady with May at 11.79, July 11.98, October 12.16, December 12.28, January 12.37. Some contracts closed mixed, with moves from two to four points. Liverpool opening is noted as due Tuesday with a small uptick to a slight downturn in call figures.
Cotton in New Orleans opened with losses of 11 to 12 points due to Washington tension and rain in South Texas. Support from mills kept decline in check, with near noon active months 1 to 3 points under last week’s close and the market finishing steady after initial declines.
Futures opened weak with May 11.59 July 11.77 October 11.84 December 92.00 January 12.08 bids. Trading closed mixed from three points higher to two points lower. No clear highs or lows or final values provided.
San Antonio buyers paid local prices for cotton delivered at compresses on Monday. Grades listed include Good middling and Strict low middling with various middling and good ordinary levels. The report records specific price points for each grade at the compresses.
A table of cotton statistics lists bales, port prices, and regional figures for Galveston, New Orleans, Mobile, Savannah, Charleston, Wilmington, and Pacific ports. Regional values include price points and totals, with sums indicating overall market activity.
April cattle sales across multiple markets show various bids. In Fort Worth W W Cornelius and others report steers and cows averaging around 6.30 to 7.40 per hundredweight with prices varying by seller and lot. Oklahoma City notes sixteen hundred cattle and three hundred hogs selling with highs near 96 dollars and multiple yards listed. The column ends with a quoted remark about money and a judge’s aside.
Chicago wheat and corn prices fluctuated with initial gains eroded by active selling as traders reacted to rumors of a possible U S Germany accord. May wheat closed near 1.12% higher while July steadied. corn and oats weakened as traders took profits. Provisions rose on firmer hog prices amid lighter-than-expected hog receipts.
Local packing house quotations outline dried and fresh meat prices for Monday. Dry salt bacon bellies average 14-18 pounds at 16 cents. fancy breakfast bacon 6 cents. hams, bellies, lard, and compound lard prices noted.
Grain and hay prices listed for delivery in San Antonio with corn and oats prices in Texas No 2 roots and mixed markets. Hay values include Milo maize No 3 bulk at 1.19 per unit, feterita 1.12, kaffir corn 1.16, and various hays per ton priced from 11 to 20 dollars, reflecting regional market levels.
Chicago reports the day’s quotes with wheat at No 2 red around 1.19, No 2 hard about 1.15, corn No 2 yellow near 0.74, and oats and barley prices showing standard and mixed figures as read. The brief quotes reflect market levels across grains for the April 2 session.
A brief update on the cotton market highlights Abilene prices and trends. Reports note price directions, demand signals, and potential shifts for growers and traders in the current period.
Egg receipts increased after last week with supplies up and prices slipping by one cent per dozen. Eggs offered at 18 cents per dozen, against 18 and 18.5 last week, while poultry and vegetables show varied movement. Bacon, lard, and other meats hold or ease slightly as Chicago markets show irregular price shifts amid broader unsettled conditions.
Shippers market round up shows butter at Texas Creamery 21 33 cents per pound and Country at 20 26 cents. Poultry prices listed include hens at 4.50 per dozen, fryers 5.00 to 4.50, broilers 3.09 to 4.00, turkeys 0.50 per pound, ducks 4.00 to 5.50 per dozen, and geese at 7.00 per dozen.
Ensy Chicago April 24 reports butter creamery receipts at 31,744 cages with firsts and ordinary state prices around 19 cents per unit. Poultry alive steady with fowls around 17 cents. regional grain and dairy receipts show mixed totals for Minnesota Wisconsin Michigan andDakota markets.
Kansas City market notes list butter at 34 cents a pound for creamery products and 82 cents for firete second quality, with packing at 24 1 2 cents. Bigge reports firs at 21 cents. Poultry prices show hens at 8 cents, turkeys 20 cents, and springs 25 cents.
Raw sugar and molasses quotes list Centrifugal and refined products with various grades. Miss Mary Kunz aged 25 died at her parents home 808 West Houston Street. Survived by seven brothers and two sisters. Funeral at Prospect Hill Baptist Church with interment in Hermann Sons cemetery.
S and T Louis reports mixed grain quotes with wheat and corn figures. Wheat No 2 red at 1.18 dollars, No 2 hard nominal. Corn No 8 3 4 percent, No 2 white 4 75 cents. Oats No 2 at 48 cents, No 2 white nominal.
Quotations show wheat at No 2 near 1.97 1.12 and No 3 at 1.18, corn No 2 mixed 69 and No 2 white 71, oats No 2 white 45 and No 2 mixed 40. Prices listed for commodities in Kansas City market notes.
In Kansas City on April 24 grain markets closed with Wheat May at 1.98 and July at 1.04. Corn May at 69.5 and July at 1.00. Oats May at 42.5.
Galveston notes show arrivals including the Danish steamer Dla from New York and Custodian from Liverpool. New York reports Roch lambeau arriving from Bordeaux, with ships listed as sailing or arriving on April 24.
Fragmentary dialogue shows humor about cooking and digestion with names Egbert Bacon and Yonkers Stakeman referenced in a comic slice. The readable bits suggest a humorous domestic sketch or dialogue snippet rather than a full article.
Hogs rose 10 to 15 cents per hundredweight from last week at market centers including Fort Worth Chicago Kansas City St Louis and Oklahoma City. Slaughter cattle and sheep also impressed buyers with Steers at 7.50 on the high end and calves and hogs selling well amid light rain across the region.
Fort Worth Texas reports cattle receipts around 4 700 with steady demand. Beev er price around 8 80 per hundredweight, stockers about 7 59, cows 4 00 to 6 75, calves 4 00 to 8 50, bulls 4 00 to 6 26. Hog receipts about 4 500 with mixed to higher bids, sows and pigs range 9 20 to 9 66, light hogs 7 60. Sheep and lambs receipts about 4 509 with prices for yearlings 7 50 to 25, wethers 7 00 to 7 50, ewes 6 00 to 6 25, kids 4 00 to 6 00.
Receipts and quotations for hogs cattle and sheep show mixed to firm demand. Hogs bring receipts of 34 000 at firm markets with several price ranges including 9 209.95 for lighter lots and 7 870 9.10 for others. Cattle native beef steers trade around 7 85 to 10.00 with stockers and heifers at 4 00 to 9 29 and calves 7 00 to 16 00. Sheep receipts 17 000 with markets steady and lambs at 7 60 to 11 65.
Receipts and quotations show hogs higher with bulk at 9.4096, heavy hogs 9.60 to 9.75, light hogs 9.00, cattle receipts steady to strong with prime fed steers near 9.75, dressed beef at 7.95, stockers 6.75 to 8.75, cows 5.69 to 8.25, veal and other cattle around 7.00 to 7.50. Sheep receipts 12,000 with lambs 11.50 to 19.75, yearlings 8.75 to 10.75, wethers 7.50 to 8.75, ewes around 8.00.
Receipts and quotations for hogs cattle and sheep listed for St Louis market. Notes show mixed figures, beef steers, cows, calves, yearlings and lambs with varied prices. Hardware Club announces second meeting after low attendance at Gunter hotel last Sunday. More than 20 salesmen from outside the city attended the initial session and enthusiasm grew.
British dispatches report a lull in Verdun fighting with infantry largely inactive on both sides. French gains west of the Meuse edge forward at Courettes wood as heavy bombardment persists around Dead Man's Hill. Berlin says French attacks failed near Avencourt wood Thiacourt farm and Dead Man's Hill.
The Texas lone star flag, a gift from the Alamo Mission Chapter of the Daughters of the Republic of Texas, was unfurled at Independence Hall in Philadelphia at noon with a band playing The Star Spangled Banner. The event, held in the room where the Declaration of Independence was signed, marked San Jacinto Day. A flag finishing at the Betsy Ross house in Philadelphia was raised in San Antonio on April 21.
Lead values around 7.82 asked with Hoeker dull East St Louis delivery and spot 19 asked. top firm for electrolytic near nominal, July and later at 28 26 29.00. Iron steady with No 1 northern about 20 754. No 2 20 259. No 1 southern 20 509. No 2 20 254. Tin quiet with spot around 49 50.
Weather report from San Antonio Texas lists temperatures and rainfall for Houston district stations for the 24 hours ending 1 am. Weather generally fair with near normal temperatures. Rainfall of an inch or more reported at Robetine La Creenville Longview Nacogdoches Mexia Palestine Dublin Waxahachie Corsicana. LLEN Ruell meteorologist.
New York April 24 bullish foreign news drives a strong opening as major stocks rise 1 to 3 points including Crucible Steel Studebaker Baldwin Locomotive General Electric and United States Steel. Marine and Mexicans rebound while Canadian Pacific and some rails lag. Trading eases in afternoon but closes firm with Marines among leaders.
New York on April 24 shows mercantile paper at 3 4 percent, sterling exchange with sixty day bills at 7 34, demand 64 3 4 percent, cables 4 77. Guilders demand 42, cables 42 1 2 percent. Silver at 65 1 2 cents. Mexican dollars 50 1 2 cents, government bonds steady, railroad bonds firm.
Time loans firm offers 60 and 90 day terms at 2 4 and 3 percent with six month at 2 2 percent. Cell money firm notes high 8 percent low 2 percent, ruling rate 1 percent, last loan 2 percent, closing did 24 percent offered at 2 percent.
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