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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Dec 12, 1916
Page
11
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A brief market note reports cotton prices opened lower before a late rally. The turnaround steadies the market as trade assesses futures and raw fiber costs.
Daily market quotations for Spot cotton show middling prices in San Antonio Houston and other markets. Listings include Galveston New York New Orleans and Liverpool with volumes and prices such as Houston 18.60 and New York 18.36 per unit, Liverpool 11.06 with 7,000 units.
New York cotton opened with liquidation wide losses as nerves over German peace talks influenced early selling. Prices recovered after reports Germany would negotiate, with January at 18.07 and May at 18.50 before further gains and steady afternoon trade.
New York cotton futures opened steady with December at 17.60 and May at 18.20. Early trading showed gains of 61 to 69 points across nearby contracts, though end-of-day details are unclear due to fragmented quotes.
Lands revested by Congress act of 1916 open for settlement and sale. Two million three hundred thousand acres with power site timber and agricultural land. Includes large map and description. Price one dollar. Also multiple ranch and farm tracts in Oregon and California. Write H. Adler Boerne Texas.
Wholesale markets stay largely unchanged with corn chops up to 2.26 per hundredweight in job lots and 2.20 in car lots to Texas common points. Florida and California oranges arrive at commission houses. Butter supply tight, with forecasts that prices will ease once shipments increase.
Cotton market in New Orleans opened with a 12 to 15 point decline on heavy gelling orders but recovered as German peace proposals boosted sentiment. Prices finished the first half hour mostly unchanged to 2 points higher than yesterday, with active months up 29 to 48 points by 1:80. Shorts covered later as Texas spot holders held firm and local spot was inactive.
New Orleans prices show opening bid for December and other months ranging from 17 to 18.03 with 32 asked for January. Futures close 61 to 64 points higher. Eleven o clock call from Liverpool expected to open Wednesday 25 to 27 points higher.
Liverpool notes futures prices from December 10 with contracts across the calendar including December-January at 10.800 and October-November at 10.214. Prices show a modest variety across the year with values near 10.1 to 11.98.
Pawers reports steady egg and butter markets with creamery prices at 80 34 per pound and country butter 25 28c. Poultry values rise with hens at 6.00 to 7.00, large friers 5.50, medium friers 4.00 to 4.50, broilers 9.00 to 14.50, turkeys 22 to 23 per pound, ducks 3.00 to 7.00 per dozen, geese 10.00 to 12.00.
Quotations today show Rutter creamery milk at 87 cents, creamery firsts 37 to 86 cents, potatoes steady with 40 car receipts, Michigan Wisconsin Minnesota and Dakota white corn prices from 1.50 to 1.62, and poultry alive higher with fowls 17 cents springs 18 and turkeys 20 cents.
Quotations today show Butter Creamery firsts 37 4 cents, seconds 35 35 cents, packing 2 ½ cents. Eggs firsts 40 cents. Poultry Hens 15 cents, roosters 12 cents, live turkeys 22 cents. Potatoes 1.60 dollars.
Chicago reports show wheat sliding sharply as Germany’s peace proposal ripples through trading. May prices range around 1.71% to 1.75, with July near 1.45 to 1.46. Corn and oats weaken modestly while provisions edge up on news. Traders await Germany’s terms amid heavy liquidation.
Chicago December quotations show No 2 red and No 2 hard at 1.71 percent. No 2 yellow corn at 181 percent. Oats standard sixe barley at 90 cents. Market brief notes price ideas for traders.
Quotations show Wheat steady with no trading and No. 2 at 90 cents. No. 3 white slightly higher. Oats moved lower with No. 2 at about 52 to 53 cents, while No. 2 white remains nominally very steady.
Wheat and oats fall while corn and rye edge lower. No. 2 hard wheat at 1.68 to 1.74 dollars, No. 2 red 1.68 to 1.71, corn No. 2 mixed 88 cents, No. 2 white 88 cents, No. 2 yellow 8 9 ec, oats No. 2 white 65 to 56 cents, No 2 mixed 64 to 65 cents, rye 1.48 dollars.
Dec wheat at 1.61 and 1.62 for May, with 1.62%. corn Dec at 86% and May 87% with gains of 8% per cent, as reported from Kansas City.
Prices for dry salt extras bacon extras lssc bacon bellies and 14 16 pound averages quoted. Dry salt bellies 14 16 pound average 19c fancy breakfast bacon 28c fancy hams 22c bacon bellies 14 16 pound average 20c Pure lard Nites compound 15c American cheese 28c pound.
Trading notes from New York on December 18 report No 7 Rio coffee futures at 9 cents with prices steady for the session. No additional market movers or volumes are detailed in the excerpt.
At Union Stock Yards December 12 the northern market was featureless while local activity stayed steady. San Antonio receipts included cattle, calves, hogs, and horses with city-bound cattle and hogs noted. Prices per hundredweight ranged from lows of 4.50 to highs near 9.50 for various cattle and hog categories. Sheep and goats had limited offerings with general price ranges indicated.
Fort Worth Texas December market summary shows cattle receipts around 6000 with steady prices: steer 6.50 to 7.50, stockers 6.50 to 7.00, heifers 5.50 to 6.50, cows 4.25 to 6.60, bulls 4.26 to 5.25, calves 4.60 to 5.25. Hog receipts about 2500 with bulk 9.75 to 9.90 and top at 10. Sheep/lambs about 7000 with lambs 9.50 to 11.00, yearlings 7.50 to 8.60, wethers 7.75, ewes 6.75 to 7.50, goate 8.25 to 5.60.
Kanab City Missouri receives hogs and cattle with steady prices. Hogs show bulk 9.60 to 10.00 and pigs 8.00 to 9.00. cattle include prime fed steers 10.75 to 12.00 and cows 6.26 to 8.50. sheep offerings rise with lambs 11.75 to 12.85 and yearlings 10.00 to 11.00.
Chicago market report shows hogs with varying carcass values and a weak beefe market. cattle receipts at 7000 with steady tone and range from $7.00 to $12.60 for steers and $8.65 to $12.76 for cows and calves. sheep receipts 16,000 and market steady with lambs and mutton ranges listed.
St Louis reports receipts of cattle 8500 with native beef steers 7.50 11.76, yearling steers and heifers 8.60 11.50, cows 5.60 6.00, stockers and feeders 6.20 7.75, Texas quarantined steers 5.60 8.00 and prime southern beef steers 9.00 9.06. Sheep receipts 2000 with lambs 7.60 10.60 and ewes 7.00 8.00. hogs and pork product quotations included.
Cattle prices steady in Oklahoma City market. Hogs sold around 9.95 top with 2500 head reported. sheep and cattle mixed with varied weights and local consignments including Chapman Moore Wright Purcell noted. Prices shown for several Oklahoma towns with moderate activity and mixed lots.
Regional cotton statistics summarize quantities from Galveston New Orleans Mobile Savannah Charleston Norfolk New York and Boston with data by port and year. The report lists market figures for New Orleans and Savannah among others reflecting trade activity and shipping volumes.
Observations recorded at 7 a m on Tuesday December 12 1916. Wind speeds under 10 mph and precipitation under .01 inch are omitted. Allen Buell meteorologist Weather Bureau signs the note.
New York traders opened with broad declines across major issues led by United States Steel and copper stocks with rails easing modestly. A few gains appeared for Central Leather and Atlantic Gulf, but most names sank. the day ended weak after heavy liquidation tied to peace overtures, with over 3.6 million shares traded.
Trading in Mexican currency in San Antonio on Tuesday quoted Angel silver pesos half pesos and other notes at bank and market levels. Listing shows Bank of London and Carranza money and state or national bank notes with varying values.
Time loans firm quotes 60 and 90 day and six month at 104. Call money firm shows high 6, low 4, rate 6, last loan 5, closing bid 4 at 6.
London market brief notes a bar price of 36 percent per ounce and money at 4 percent. Discount rates show short bills at 2 percent and three month paper at 65 percent.
New to Dec 12 mercantile paper shows 60 day bills on banks at 4 1 4 percent, commercial at 4 7 percent, demand 4 75 percent with cables. France demand 5 85, cables 5 84 percent. Guilders demand 40 percent, cables 40 percent. Mexican dollars noted. government to Rohde and railroad lines mentioned.
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