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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Dec 13, 1916
Page
11
Market reports show cotton trading heavily influenced by foreign affairs with cables sending mixed signals. Analysts note volatility as shipments and prices react to international developments and policy uncertainty.
The New York Cotton Exchange will close on December 26 and January 1. The Liverpool Cotton Exchange will close on December 23 26 30 and January 1. The local exchange closure dates will be announced later.
The New York cotton market opened easy and unsettled as traders reacted to peace news and Liverpool activity. Prices slid from 18.30 to 18.15 for January and 18.61 for May before partial recoveries and later declines, with exports totaling 16,429 bales.
Very poor cables and doubt on German peace proposals press down New Orleans cotton. Early trading shows 38 to 44 point drop on old crop and 19 points on new. Buyers re selling after negative private cable reports. By noon losses widen though afternoon steadiness narrows declines.
Cotton spot markets in Liverpool were steadier with middling at 11.284 and other grades lower. Futures and speculation figures show new prices around 18,100 with 800 for speculation and exchange positions.
The report lists unsettled futures quotes for various month pairs with values ranging from 10.02 to 11.00 in Liverpool. Notable pairs include December-January 10.704 and May-June 11.0. The text shows several gaps and transcription errors in the figures.
Two California bakers have patented a four piece o ring device that clips the tops of loaves before baking to form an ornamental, better browned crust. The invention aims to improve crust appearance and uniformity in crust development.
Wholesale prices to trade list California tomatoes celery cranberries cabbage cauliflower peppers sweet peppers beets green beans carrots turnips lettuce parsley egg plant cucumbers and fruits with varied per hundredweight per crate per bushel per dozen. notes include apples Lemons Limes Box prices and canned goods with beef and sardines, nuts and dried fruits. final line mentions a seventy fifth descendant tied to a Chinese religious founder.
A Ta coma to San Antonio shipment of fir trees marks the holiday trade’s first arrival from that region. Prices: four foot tables at $3 for a dozen, six to ten foot house trees at $5.50 per dozen. One two trees headed for the Gunter Hotel and Rotary Club donated by a Tacoma Rotarian. Also notes wholesale price shifts on vegetables and fruits and a flour price drop to $9 a barrel.
The Union Stock Yards report shows a generally slow and weak livestock market. Cattle lack strength, hog prices fall about 10 cents on average, and sheep decline. Local receipts include cattle, calves, horses, and hogs with a portion destined for city trade.
Buyers paid prices for Eyes Texas country, creamery butter, packing stock, and poultry in San Antonio. Hens, turkeys, ducks, and geese priced per pound or per dozen with ranges from 3.60 to 7.00 for birds and 4.00 to 12.00 for fowl, reflecting steady demand.
Chicago market updates show butter steady at creamery levels, eggs mixed higher with various grade pricing, and potatoes down with multiple regional price points. Kansas City quotes list butter at 87 to 89 cents, eggs at 40 cents for firsts, hens 16 cents, roosters 12 cents, live turkeys 24 cents, and potatoes at 1.50 per bushel.
Chicago reports show wheat edging higher on peace prospects despite London and Paris backlash. May and July futures finish near session highs amid fluctuating demand and counter proposals. Corn and oats advance, while provisions edge down due to ample hog receipts and bearish sentiment.
Fort Worth market report shows cattle receipts at 7000 with steers up to 6.00, stockers 5.50 to 7.00, heifers 5.50 to 10.26, cows 4.00 to 6.50, bulls 4.00 to 6.25 and calves around 4.50. Hogs total 4000 with prices 9.60 to 9.80 bulk and 9.90 top. Sheep receipts 1800 with lambs 9.00 to 11.00, yearlings 8.00 to 9.00, wethers 7.50 to 8.00, ewes 7.00 to 7.75, culls 5.00 to 6.00 and goats 3.25 to 5.50.
Kansas City reports receipts and price ranges for cattle hogs and sheep. Cattle include butcher and dressed steer values with cows, heifers, stockers. hogs show bulk and light prices. sheep show lamb, yearling, and flock prices with steady to higher tendencies. Receipts listed: hogs about 500, cattle and sheep around 6000.
Receipts numbered 63 000 hogs with dull demand and lower by 10 to 15 cents from yesterday. Bulk cattle quotes ranged from 9 45 to 9 90 for hogs and 6 90 to 12 50 for beef cattle with steadier calf and sheep figures. Weather noted as firm with lambs priced 10 50 to 13 25.
New York sugar futures eased amid continued liquidation as dull market activity weighed on both raw and refined grades. At midday raw sugar fell ten to eleven points with values for centrifugal sugar around $6.50, molasses at $4.64, and refined products down several points with assorted grades listed in the $7.00s to $8.20 range.
Important manufacturing interests in the Pittsburg district weigh shutting down plants December 23 through January 2 to rest workers and ease railroad freight congestion. Machinery needs overhaul after near continuous operation for a year, railroads struggle to clear tracks as freight piles up. depots run at night to move cargo.
Chicago market notes list grain prices for December 13 with No 2 red wheat No 2 hard wheat No 2% yellow corn and standard oats and barley quoted in cents per bushel reflecting a calm session in the Chicago market.
Receipts and prices listed for hogs cattle and sheep at St Louis markets on December 18. Hogs receipts 14 500 with hogs and lights around 9 40 to 10 00 per cwt and bulk near 9 60. Native beef steers and yearlings shown in multiple price ranges, cows and calves also quoted. Sheep receipts 1600 with lambs around 8 00 to 9 0 and yearlings near 9 60 to 11 0.
New York metal markets show lead at 37.75 with 8.00 change and unsettled spelter with East St. Louis delivery at 12. Copper firm capped by electrolytic first quarter at 8,250 and 34.00 for others. Tron steady and tin quiet at spot 42.15 to 43.26.
London quotes list lead iron copper tin and electrolytic prices with spot and futures. Savannah figures cover turpentine and rosin sales, receipts, shipments and stocks, plus miscellaneous price quotes for metals and fuel goods.
Oklahoma City cattle sales on December 13 show steady prices for cattle and lower hogs. Names and weights appear with prices for several Oklahoma and Texas yards, including McAlester Chickasha Ada and Ripley, plus Comanche and Perry Cobb listings. The report notes overall cattle steady and hogs lower with scattered price figures.
San Antonio trading showed bid and asked figures for Mexican money including State and National bank notes and London Mexican Bank. In New York time loans were firm at 4 percent for 60 to 90 days and six months, with call money easing to 3 to 4 percent and the ruling rate at 4 percent.
In St Louis on December 1, 13 quotations show Wheat steady with No 2 red about 1.75 to 1.78, No 2 hard around 1.69 to 1.76. Corn lower at 89 percent, Oats lower at No 3c, Rye nominal and unchanged.
Kansas City price report shows wheat unchanged to higher with No 2 hard at 1.65 to 1.72 and No 2 red at 1.65 to 1.73. Corn falls with No 2 mixed at 87 to 87 1 2c, No 2 white at 87 to 87 1 2c, No 2 yellow at 88 to 88 1 2c. Oats decline with No 2 white 55 to 55 1 2c, No 2 mixed 54 to 55c. Rye at 1.38 to 1.40.
Grain futures closed with Wheat around 64 percent and Corn near 88 percent as market activity in Kansas City signaled tepid demand and fluctuating prices for the day.
London reporting Bar silver at 36 percent per ounce Money at 44 percent per cent Discount rates on chart bills at 5 percent three months 5 percent per cent
Local packing house quotations to dealers on Wednesday show dry salt extras at 17 cents per pound bacon extras 19 cents dry salt bellies 14 to 16 pound average 19 cents fancy bacon 28 cents fancy hams 22 cents bacon bellies 14 to 16 pound average 20 cents pure lard 184 cents compound 15 cents American cheese 28 cents per pound.
New York reports Tuesday trading in cotton goods and yarns with some easing in second hand quotations. Mill positions show little change while men’s wear trends rise. Silk satins and chiffons remain scarce for prompt delivery.
Galveston dispatch lists arrivals and sailings adding several named vessels and routes including El Sud, Sarmatia, Marseilles, Tamesi Tampico and others. A stray quotation about a salesman’s prediction is noted from a Birmingham age herald source.
Individual deposits in Texas state banks at the close of business November 17, 1916, totaled 173,026,267 dollars. Total resources stood at 2,123,465,000 dollars. Deposits rose by 45,048,762 dollars since the September 12 call, according to the Department of Insurance and Banking.
New York trading opens with heavy short contracts as investors expect Allies to reject Germany’s peace proposals. Munitions shares climb while Bethlehem Steel falls, United States Steel edges up, rails lead gains before profits taking and mixed movement across copper, steel, and related issues. Total volume about 1.7 million shares.
In two Spanish provinces, the government reserves for two years the right to exploit newly discovered potash deposits. Financial markets show steadier government bonds while railroad bonds move irregularly as global rates and currency quotes surface from New York trading desks.
The San Antonio Scientific Society elected Dr. J. S. Lankford president at its annual meeting held in the Stevens Building. New officers include Edward A. Wilson as first vice president Rev. George H. Badger second vice president Hans Helland third vice president A J James secretary A G Moore treasurer and Edward W Heusinger director of the museum. The by laws revision establishes a governing board with directors J F Howard J H Muir William A Black Dr Malone Duggan Miss Ellen D Schulz and L W Tilton. The group unanimously granted life memberships to Dr Frederick Terrell and Dr W S Chaplin. The next meeting is December 22 with Rev Hugh McLellan speaking on What Herbert Spencer Started.
The Weather Bureau notes 7 am observations for Wednesday December 13 1916. Wind speeds under 16 mph and precipitation under .01 inch are not reported. Allen Buell serves as meteorologist.
Female workers at Southwestern Telegraph and Telephone Company in San Antonio can eat at the company cafe on the fourth floor for twenty cents. Eggs cost three cents each, a deal amid rising food prices, with the cafe supplied at cost via a safe in the rest room for female employees.
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