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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Dec 28, 1916
Page
11
The cotton market showed an opening rise with firmer cables and active professional trading. Morning strength gave way to a midday recession as Liverpool freight rates fell, then a late-day dip with prices near starting levels before closing steady. New York and New Orleans closed 16 to 30 points lower. San Antonio spots at 16.75.
The New York cotton market showed renewed firmness at session start on optimism about peace prospects and stronger demand. Prices rallied to March 17.90 and July 18.20 before turning lower in later trading, with March down to 17.40 and July to 17.68 as selling pressure grew and hedge activity diminished. Closed steady after notable fluctuations.
New York cotton futures opened steady with January at 17.387 and March 17.48 May 17.97 July 17.96 and October 16.46. Futures later closed 26 to 30 points lower. Liverpool set to open Friday with prices down 28 to 30 points ahead of an 11 o'clock call.
Cotton prices in New Orleans advanced 11 to 16 points in early trading on improved cables. Traders cited professional activity and expectations of bull backlogs, with gains of 8 to 49 points over yesterday before a later retreat. Liverpool freight rates news sparked a bear drive, causing a sharp fall of 29 to 34 points, then a partial recovery. markets closed steady but down 24 to 25 points.
New Orleans December cotton markets show steady opening with January 17.08 and March values around 17.29, 17.69 for May, and 17.76 for July. Futures close figures listed as 18.06 17.28 17.40, reflecting unsettled trading.
Liverpool cotton market summary for December 28 shows spot middling at 10 64d, middling 10 484d, low middling 10 124d, ordinary NA, sales 5000 with 500 for speculation. Receipts total 33,000 bales.
In Liverpool futures for several calendar spreads are listed with varying cents. At Independence Kansas on December 28 the Prairie Oil and Gas Company posted a fifth increase in thirty days with a crude barrel price set at $1.40.
The local market notes a fall in national bank notes to 16 percent bid and 16 percent asked from 17 and 18 percent. Poultry butter and eggs wholesale prices hold steady while receipts stay light and demand remains small. A forecast says the market may improve by week’s end if large shipments arrive. No changes in wholesale prices of fresh fruit vegetables groceries or mill products.
Wholesale prices to retailers and shippers cover fresh produce and canned goods. California lemons and peppers feature prominently, with varied prices across regions. cereals, dried fruits, and meats appear with unit costs and weights. The list notes tomatoes, cabbage, celery, cranberries, onions, apples, and more, alongside beeswax and hides for trade.
Paris dates show imports for ten months at 17.957 billion francs and exports at 5.015 billion francs, giving a trade deficit over 16.9 billion francs. Official exports for the first eleven months of 1916 rise 616 million francs over 1915, mainly in manufactures, while food imports fall 115 million francs.
Reports to the Department of Commerce state Britain has contracted the entire exportable New Zealand meat supply until at least three months after the European war ends. Buyers in the dominion to pay higher prices for the coming export volume.
Yesterday's precipitation was none, matching normal for the day. The daily deficiency stands at .06 inches, total rainfall since January 1 is 27.85 inches, with an excess of .60 inches over the same period.
Northern cattle markets were unsettled with Chicago weak while other centers held steadier. Hogs gained up to 10 cents with Fort Worth leading the stronger reporting. Sheep struggled to hold, while the local market stayed fairly active with chosen cows at 6.60 and 5.75, calves 6 to 7, hogs 5 to 9.50. Receipts: cattle 71 calves 74 hogs 16. More shipments expected next week.
Fort Worth TX December 28 cattle receipts 1700 market strong steers 6.60 to 8.25 stockers 5.50 to 7.25 heifers 6.60 cows 4.25 to 6.25 bulls 4.26 to 5.26 calves 4.60 to 9.00 receipts 2500 sheep market steady lambs 9.50 to 11.50 yearlings 8.60 to 9.26 wethers 7.76 to 8.25 ewes 7.25 to 7.75 culls 5.00 to 6.00 goats 8.50 to 6.00.
Receipts: hogs 11,000 with a steady to strong market. Prices: lights 10.40 to 10.70, pigs 7.75 to 9.60, mixed and butchers 10.45 to 10.70, good heavy 10.66 to 10.76, bulk 10.45 to 10.70. Cattle receipts 4,000 with steady market. Native beef steers 7.50 to 11.50, yearlings and heifers 8.50 to 11.50, cows 7.50 to 8.50, stockers and feeders 6.30 to 7.75, Texas quarantine steers 5.50 to 8.00, prime southern beef steers 8.00 to 9.00, beef cows and heifers 7.50 to 9.00, native calves 6.00 to 12.00. Sheep receipts 1,000 with steady market. Lambs 9.00 to 18.50, ewes 6.00 to 9.50, yearlings 10.00 to 11.66.
Receipts and quotations from Kansas City market show hogs at 8.00 to 9.60, cattle including prime and southern steers, calves and heifers with varied bids, and sheep with lambs at 12.50 to 13.35 and yearlings around 10.76 to 11.60. overall market steady to strong with several classes near highs.
Receipts and quotations for hogs cattle and sheep show a slower hog market with mixed price ranges and a weak cattle session while sheep rise. Hogs receipts 42 000 with bulk 10 20 10 60 and heavy 10 15 10 70. Cattle receipts 12 000 native beef 7 20 11 80 western steers 7 25 10 00. Sheep receipts 10 000 with wethers 9 10 10 25 lambs 11 25 18 60.
Daily cattle sales report from Oklahoma City shows cattle higher with 550 receipts, hogs steady to five cents higher with 2600 head, top at 19.50, and sheep steady with 150 head. misread town and stake noted in scattered lines from farms and buyers. Department of Agriculture issues first list of licensed shelled corn inspectors under the U S grain standards act with standards adoption and inspector duties discussed.
Cambria Steel Company of Johnstown Pennsylvania announces plans to spend seven million dollars to build two blast furnaces and a new plant for manufacturing car wheels.
Savannah on December 28 reports turpentine steady at 51 1 2 cents with 291 sales and 300 receipts, no shipments, stock 22 978. Resin holds firm with 101 sales and 2913 receipts, 278 shipments, and stock details unclear. Prices listed include 6 85 and 7 00 in fragmented notes.
The census bureau reports for the quarter ending October 1 show cotton seed received at mills 2,297,233 tons crushed 1,082,596 tons on hand October 31 1,227,712 tons crude oil produced 819,260,285 pounds on hand 72,735,305 pounds linters 270,760 bales hull fiber 64,212 bales on hand 7 663 bales refined oil produced 194,878,178 pounds on hand mills 78,970,283 imports oil 1,293,247 pounds exports oil 26,833,468 pounds linters unbleached 45,920 running bales bleached 29,986
Buyers posted prices in San Antonio on Thursday with butter at 28 to 34 cents per pound and creamery at 80 to 84 cents. Poultry moved higher with hens at 9 to 10 cents a pound, friers 4 to 5 dollars per half dozen, broilers 2 to 3 dollars, turkeys 22 to 23 cents per pound, ducks 6 to 7 dollars per dozen, geese 10 to 12 dollars per dozen.
Kansas City market notes report butter at 40 firsts 3 second s, creamery goods. Poultry prices show roosters 12 cents and turkeys at 60 cents. Includes grain and other commodity figures for December 28.
Cotton statistics show totals for mill demand and imports in Liverpool. Total to mills 44 000 bales with American and Block figures, plus imports and exports data in December.
Observations from December 28, 1916 show cotton seed oil quotations and meteorological notes. Readings taken at 7 a m list wind under 10 mph and precipitation under .01 inch, with weather data compiled by Allen Buell of the Weather Bureau.
Comptroller Williams reports national bank resources rose by over four billion dollars in two years, totaling 16.52 billion, surpassing the combined resources of major European and Japanese banks. Regional gains accentuate broad growth since 1904.
The author argues that pursuing unsuitable careers harms both the individual and society. He cites Pearce Bailey and Scribner's Magazine to suggest admitting unfitness and changing paths may be wiser than clinging to doomed ventures. Education should cultivate latent talents rather than uniform training.
New York trading opened with broad liquidation as European developments and Mexican tensions weighed on sentiment. Most leaders fell one to over three points, with rails and many industries dragging on a heavy day. some recoveries occurred late but overall closing was weak amid renewed international fears. About 1 million shares changed hands.
Mercantile paper at 4.4 percent is noted with sterling bills ranging from 4.711 to 4.75 for various maturities. Cables and demand figures show several quotients with small fractional adjustments. Government bonds are steady while railroad bonds ease in trading.
New York reports time loans easy with terms: 60 days at 4 4 percent, 90 days at 4 4 percent, six months at 3 4 percent. Call money steady with high at 3 percent, low 2 percent, ruling rate 8 percent, last loan 3 percent, closing bid 24 percent, offered at 3 percent.
A fragment notes silver price at 615d and a 4% discount. It lists short bills at 1 1/2 percent and three months at 5 percent, reflecting a market quote from a Dec 8 period.
Richmond Virginia December 28 The Richmond Regional Reserve Bank directors declare a 6 percent dividend for the period January 1 to November 1, 1916.
Lead quoted at 7 507 62 with dull Spelter and copper steady at 30.00 to 32.50 per unit. Tin firm at 40 560 to 40 75. Spot East St Louis delivery 10 asked. First through third quarter copper figures listed as nominal.
Lead, speller, copper, tin prices quoted in sterling with spot and futures values. Lead at 108 pounds, spelt er 51 pounds, copper spot 139 pounds 10 shillings, futures 135, electrolytic 161. Tin spot 176 pounds with lis futures 178 pounds 15s.
The New York Post notes Thomas R. Marshall shares with John Adams and Daniel Tompkins the rare feat of being the only vice president re-elected to the office with the same president. The article surveys two term presidents and their VP pairings, listing Burr, Clinton, Calhoun, Van Buren, Hamlin, Johnson, Colfax, Wilson, Hendricks, Stevenson, Hobart, and Roosevelt among others.
Government figures show American ports sent foodstuffs to Europe worth about 670 million dollars in the first eleven months of the year. Breadstuffs totaled 404 million, while meat and dairy products reached 246 million. Shipments of cattle hogs and sheep declined.
New York sugar futures firmed on covering and outside demand as the spot market stayed strong. At noon raw sugar Centrifugal 5.14 and molasses 4.27, refined down 10 points. details show various product grades from cut leaf to confectioners A with prices ranging around 6.55 to 7.85 per unit.
Probate Judge Guinette recalls Gus Bombeck and his breech loading shotgun tale. The story describes Bombeck’s switch from a muzzle loader to a breech loader and a famed single-shot kill from a dense flock, highlighting the gun’s alleged accuracy and his boastful pride.
William the waiter handles a quirky order as Jean the Chicago Herald chef serves six hard objects, then hot bricks heat diners feet under their tables. Six Monroe telephone exchange workers arrive, granting a memorable, if unusual, hospitality moment.
Antigo Wisconsin teachers labor to teach Marvin Worden a 17 year old deaf boy to speak by Christmas. They rushed eight years of work into one to enable him to voice all sounds though his speech remains faint. Mayo Clinic exam showed normal vocal organs, paralyzed years ago, now banks on regaining speech through intensive therapy.
Chicago markets opened with wheat and corn sliding as New York stock declines weighed on sentiment. Export demand remained cited, country elevator stocks in the northwest down to one quarter of last year, while British purchases offered some strength. May wheat hovered around 1.71 to 1.72 with July near 1.40 amid a later rally and renewed declines. Corn showed light buying as pit selling dominated. oats mirrored grain trends with narrower changes. Kansas City cash grain quotes showed No 2 red at 1.73 to 1.79, white 89 to 89 1/2, No 2 yellow 89, oats No 2 white 54 to 64, rye 1.33 to 1.84.
Grata futures in Kansas City Kansas City futures show wheat at 1.73 for December and 1.79 for May while corn posts 88 and 90 cents for December and May respectively with small gains.
Quotations show cash wheat steady with No 2 red and No 2 hard both nominal. Corn steady with No 2 at 92 to 93 cents and No 2 white at 92 to 93 cents. Oats steady with No 2 at 52 cents and No 3 white nominal. Rye nominal.
Chicago prices for cash grain show No 3 red and No 3 hard red at 926? 92% for oats and 86c Barley at 1.22. The report lists bids for wheat corn and oats with standard oats and yellow varieties in the December 23 market.
Local packing house quotations list prices on dry salt extras bacon bellies and lard with 16 to 22 cent ranges. American cheese and compound lard are noted with standard pack values. The report reflects prices as of Thursday in Chicago.
New York December 28 coffee futures show March at 8.79 and May at 8.88 with No Rio 9 1/2 cents. Traders note firmness in the market amid cautious activity.
New Orleans market note reports rough rice at 3718 sacks and 3242 clean sacks with 23 743 pockets including 20 53 pockets for export. Sales show Clean Honduras 4769 pockets, Japan 1792 pockets, and Blue Rose 386 pockets.
From New York reports the cotton goods yarns were irregular while men s wear attracted buyers and knit goods showed firmness in active sales. A small child can play with a new toy piano featuring animal pictures and music images.
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