Gutton Market Dull as Prices Vary Irregularly
Market notes indicate dull activity at Gutton with prices moving irregularly and sentiment uncertain. Traders report cautious interest and limited demand across goods.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 02, 1916
Page
9
Market notes indicate dull activity at Gutton with prices moving irregularly and sentiment uncertain. Traders report cautious interest and limited demand across goods.
Daily quotations for middling cotton prices across markets include San Antonio New Orleans and Liverpool with delivered price figures. San Antonio shows 12.00 per unit and 6,572 sales. New Orleans quotes 11.56. Liverpool at 7.66 with 5,000 sales.
Cotton prices showed little movement with final futures 1 point up to 1 down from yesterday. Spots mostly steady as market awaits foreign developments and Lusitania dispute notes. In the South, diversification gains traction while Texas belts hold bullish tone amid war impact. San Antonio buyers paid specific local prices for cotton stored at compresses.
Cotton markets opened with sharp declines as liquidation pressure spread, with May near 11.90 and July 12.04 while October touched 12.06. Prices rebounded slightly on covering and reaction buying, but trading remained irregular and firming near late day on reduced selling and weaker Wall Street.
The New York cotton futures market opened steady with March at 11.81 May 12.00 July 12.10 October 12.13 and December 12.28. Prices closed mixed with small gains and losses. Liverpool expected to open Thursday with higher points affecting the market.
In New Orleans today the cotton market moved with a steady tone but early deals showed small losses. By the first half hour prices were 10 to 13 points below yesterday's close as short covering steadied activity, and at 1 30 p m values were 3 to 6 points under yesterday.
Cotton futures in New Orleans closed mixed with March at 11.58 and May at 11.89, July 12.93, October 12.03, December 13.14, down two points from the day. Prices for other contracts show varied highs and lows as activity lingers.
Liverpool on February 2 reports cotton prices with good middling at 7.96d and middling 7.684d and low middling 7.28d. Rules note 5000 spulation and export 50e. Receipts total 15,000 with futures nearly steady.
Futures: February 7.48% ed, Feb-March 7.44d, March-April 7.42d, Apr-May 7.40, May-June 7.384, Jun-July 7.354, Jul-Aug 7.324, Aug-Sep 7.29, Sep-Oct 7.134, Oct-Nov 7.081.4, Nov-Dec 7.644, Dec-Jan 7.004, Jan-Feb 6.95d.
New York markets show cotton seed closing bids across months from February to September with daily spot at 9.05 and sales totaling 25,000 units. February 9.13 to 9.30, March 9.16 to 9.20, April 9.06 to 9.09, May 9.09 to 9.10, June 9.09 to 9.11, July 9.14 to 9.15, August 9.17 to 9.18, September 9.18 to 9.22.
Turpentine quiet with 55 sales and 133 receipts in Savannah on February 2. Resin firm shows 930 sales, 1191 receipts, 3028 shipments, and 60 302 stock. Prices noted for several lots from $5.20 to $7.20 per unit.
Local dry goods jobbers report opening prices on men's suitings for the 1916 fall season up 26 to 85 cents per yard from last year, signaling higher ready-made costs and as much as 85 more per suit. Cotton and woolen goods show strength. New York yarn reports suggest tighter supplies. Texas and St. Louis wholesalers expand activity, with shipments to Texas and Oklahoma rising 2,000,000. Farm prices as of January 1 up over 2 percent from last year, and nearly 4 percent above eight-year average per Agriculture bulletin. Local produce activity subdued. meat stable. grain prices strong on expectations of foreign purchases.
Wholesale prices for the trade show Eggs steady with Texas country candles around 27 2kc and storage 23 24c. Butter firm at Texas creamery 32 336 per pound. Poultry firm with hens 4.50 6.00 per dozen, friers 3.50 4.50, area eggs 2.00 3.50, ducks 4.50 5.60 per dozen, geese 7.00 10.00 per dozen. Rabbits 0.75 to 1.00 per dozen.
Kansas City market notes record dairy egg and poultry prices for February 2. Creamery butter sold at 31 cents, firsts 29, seconds 21, packing 19. Eggs firsts 28, seconds 20. Poultry hens 13, turkeys 18, springs 13.
Quotations show butter steady at 23 30c for creamery. Eggs higher with receipts of 3884 cases: firsts 29c, ordinary firsts 27 28c, at mark 21% 29c. Potatoes unsettled with 50 cars reported. Michigan Wisconsin Minnesota and Dakota white varieties quoted 92 98c. Minnesota and Dakota Ohios 88 96c. Poultry alive higher with fowls 15c and springs 16c.
Observations taken at a m Wednesday February 2 1916 show below zero temperatures. Wind speeds under 10 mph and precipitation under .01 inch are not published here. Allen Buell, Local Forecaster.
The mixed chorus directed by Arthur Claassen will rehearse Beethoven Ninth choral finale and prepare for the state Saengerfest in May. Rehearsals begin Friday at 8 15 p m and will continue each Friday evening with prompt attendance urged.
A blaze struck the Union Railway Station in Indianapolis on February 2 causing about $10,000 in damage. Firefighters contained the flames with no injuries reported.
New York trading opened with moderate gains and declines. Industrial Alcohol climbed 5 points to 163 1/2, Texas Company up two, rails mixed, secondary offerings at lower prices. Afternoon session rallied with copper, motor, and high priced specialties advancing. United States Steel and leaders stronger. war shares boosted by Studebaker, Crucible, and Baldwin. Closing was strong.
Hogs moved downward at market centers while cattle remained steady and sheep showed little change. Fort Worth and San Antonio reports note light receipts with steers at roughly 6.00 to 6.50 a hundredweight and cows near 6.00 to 5.75.
Weakness in wheat tracked lower Liverpool quotes but a rally followed as Australia and Argentina shipments to Europe rise and a fleet for loading 8 million bushels is secured. May and July futures fluctuated around 1.34 and 1.25 dollars before closing steady, while corn and oats showed mixed moves and larger trading.
Mounted officer Mohavier resumed duties Tuesday following days of absence after a fall at the central station. While completing a report a lead pencil pierced his hand, causing inflammation and prompting fears of peritonitis and possible surgery. Eagles' Annual Ball slated for Turner Hall on Saturday evening February 5, 1916 with 50 cent admission and free for ladies. music by John Souter.
San Antonio produced Wesco and Misa Coffee advertises sealed tins highlighting consistent flavor and aroma.
Classified brief lists location 216 Soledad St Cr 5100 and 4199 haw 900 with rates $1 5¢ and $2 per hour. J K Foster Dentist Gibbs bidg advertises services.
An advertisement touts Wesco and Misa Coffee as clean pure wholesome and full strength promoting a bold blend.
A terse notice advertises free two desk blotters delivered by phone contact Crockett 5470 W. The offer is from Lodo vic Printing Co located at 427 Main Ave adjacent area.
M Marcovitch reported a valise stolen from his buggy in the 400 block of East Commerce street on Tuesday afternoon. The valise contained dress goods worth 85 dollars. After a few minutes away he found the valise and contents missing and notified police.
Classified ad fragment listing O Connell Loan Co at 112 E Houston with loans on diamonds watches and jewelry. Mentions Wesco or Misa Coffee products and medical massage by Prof Sureddin at 316 17 Hicks Bidg. Also notes messenger boys and Elgin Waltham watches via W Davis with easy payments. Ends with sewer connections plumbing by W G Schuwirth Co at 231 W Commerce St phone Crockett 641.
Fort Worth Texas February 2 receipts and prices for cattle hogs and sheep show steady cattle beef cattle and stockers from 6.60 to 7.50 with calves and bulls weaker. Hogs receipts 5000 with mixed per hundredweight prices from 7.65 to 8.00. Sheep receipts 2200 with lambs around 8.50 and yearlings 8.00 to 8.25.
Entire Fairmount Hotel business offered for sale at 1400 dollars with half cash. Willets Orchestra to perform at Fest Hall Thursday night. Admission 25 cents.
Hogs receipts 9000 steady with prices for pigs and lights 6.00 to 8.00, mixed and butchers 7.75 to 8.10, good heavy 8.05 to 8.10. Cattle receipts 2100 strong with native beef steers 7.50 to 9.50, yearling stock 8.50 to 9.35, cows 5.50 to 7.00, Texas and Indian steers 5.25 to 8.50, cows and heifers 4.00 to 6.50, native calves 6.00 to 10.50. Sheep receipts 700 strong with yearling wethers 8.00 to 9.25, lambs 9.00 to 10.85, ewes 6.25 to 7.50.
Hogs receipts 48000. market slow and mostly unchanged. Bulk 7.70 to 7.90. light 7.35 to 7.90. mixed 7.55 to 8.00. heavy 7.50 to 8.00. pigs 5.75 to 6.90. Cattle receipts 16000. firm. Native beef steers 6.40 to 9.50. western steers 6.60 to 8.20. cows and heifers 3.20 to 8.15. calves 7.50 to 10.75. Sheep receipts 14000. strong. Wethers 7.60 to 8.20. lambs 8.50 to 10.90.
Venita Lodge No 15 0 D H 8 with Cap puyns Sisters Music presents a prize masquerade ball on Saturday February 6 at Hermann Sons hall Tickets cost 25 cents Home made crochet prizes announced by Adg
Pythian Sisters hold a dance Friday in the Gunter Hotel ballroom with admission set at 25 cents. The event is promoted in local notices and offers a small social gathering in downtown rooms for residents and guests.
Pickpockets robbed E. W. Young of Beeville Texas of a purse containing 68 dollars Tuesday afternoon. W W Douglas of 514 Mason Street filed the police report. The robbery occurred on an Army Post car en route to Fort Sam Houston.
Satisfied customers praise Red Swan Coffee as top choice, with Reinhard & Co Graduated Roasters noted in the ad as a mark of quality and expertise.
Hogs receipts 15 000 steady. Bulk desired heavy buyers pay 7.80 to 7.90. Light 7.50 to 7.80. Pigs 6.50 to 7.00. Cattle receipts 6000 steady to strong. Prime fed steers 8.50 to 9.15. Dressed beef steers 7.00 to 8.40. Cows 4.25 to 6.75. Heifers 6.00 to 8.50. Stockers 6.00 to 7.75. Sheep receipts 8000 higher. Lambs 10.00 to 10.70. Yearlings 8.50 to 9.35. Wethers 7.25 to 8.25. Ewes 6.90 to 7.50.
Carrot buyers paid prices for grain delivered at San Antonio on Wednesday. Wheat Texas 1.38 per bushel. Northern 36 cents per bushel. Corn Texas No 3 80 cents per bushel. Northern No 2 mixed 78 cents. Northern white 80 83 cents. Oats Texas red bulk 53 cents per bushel. In sacks 60? cents. northern white bulk 61 cents. sacks 63 cents. Oklahoma prices same as Texas grades.
An advertisement highlights Wesco and Misa Coffee brands claiming to boost efficiency for consumers and businesses. It promotes their products as reliable options for productivity and steady supply.
An advertisement for a Turkish bath and massage parlor listing services for ladies and gentlemen at 615 Na Varro Street opposite the St Anthony Hotel.
In Boston Sanch 104 EF Houston a groceryman J M Fink re entered his store at 220 Vargas street Tuesday afternoon just in time to interrupt a Negro thief who had forced entry. The scene involved a best 25c meal and oysters at 20c a dozen as background details.
Trading in Mexican money in San Antonio on Wednesday quoted state bank notes at .02. National bank notes at .74. Bank of London and Mexico at 17 Carranza money .4. English money in London shows bar silver at 27d per ounce and money at 44 with discount rates 5% for short bills and three months.
Kansas City market report lists Wheat No 2 hard 1.24 1.31 and No 2 red 1.30 1.36. Corn quotes show No 2 mixed 72 cents and No 2 white 73 cents. Oats quotes include No 2 white 50 61 1/2 cents and No 2 mixed 48 49 1/2 cents.
Army orders assign Second Lieutenant Davenport Johnson to aviation training in San Diego California. Captain George M. Grimes moves to fill a quartermaster vacancy February 23. Major Charles Gerhardt granted leave. First Lieutenant Dwight K. Shurtleff to Plainfield New Jersey on ordnance business and return afterward. Private Harry Kalin transferred from Troop H Fifth Cavalry to Eighth Cavalry sent to Fort Bliss Texas. transfer cost borne by soldier. Major Lorenzo Davison granted leave. First Lieutenant Cary St Crockett leave extended to January one month. Captain Guy V Henry leave extended twelve days. Leave of seven days for Second Lieutenant Walter Weaver.
Lead at 6.10 dollars bid. Spelter not quoted. Copper firm at 25.75 to 26.00 for second quarter delivery. Iron firm and unchanged. Tin quiet spot at 41.25 dollars bid.
Lead and copper futures and spot prices listed with figures for lead 31 10s and electricals at £125 10s, spot tin 178 15s and futures 179 10s, with spot copper £94 10s and tin futures £179 10s.
Kansas City February 2 grain futures closed with May wheat at 1.23 1 2 cents and May corn at 74 cents. Oats for May traded at 49 cents, with July corn noted at 7 on e.
Local packing notices list quotations for dry salt extras at 18c and 14%¢c, dry salt bellies 14-16 pounds at 18%c, fancy breakfast bacon 28c, fancy hams 19¢, bacon bellies 14-16 pound average at 16%c, pure lard 11%c, and compound lard at Ilc.
Chicago price note from February 2 lists No 2 red and No 2 hard wheat and corn as nominal. Oats also nominal and barley at 70 cents.
The St Louis market quoted grain prices on February 2 with No 2 red wheat and No 2 hard wheat listed nominal, No 2 corn at 10 percent, and No 2 white and No 2 oats at nominal or bic values.
Fort Worth cattle markets note averages for Abilene stockers 32 head at 491 pounds and 7.00 per hundredweight and 18 head at 408 pounds and 5.50, plus Redwater stocker cows from J. M. Elliott 26 head at 528 pounds and 4.75.
Oklahoma City markets show cat receipts around six hundred steady hogs at seven ninety top with seven eighty bulk. Lawton and Hydro listings note various cattle consignments and steers with prices near six to seven dollars. Prague and Purcell entries reflect cattle lots from Ambuster Cattle Co and others.
A thief attempted to force open a cash drawer but fled after leaping the counter. The report notes the assailant was a negro. The incident occurred as staff attended customers at Wesco and Misa Coffee.
New York man asks if the girl will be at home this evening and the girl replies she feels perfectly well. The exchange appears in a Puck magazine cartoon caption.
A list of visitors staying at area hotels includes A. R. Sisson and G. W. Kemp of New Orleans at the Menger, W. B. Hodges of Philadelphia at the Gunter, Kk. B. Gould of Houston at the St. Anthony, and many others from New York, Cleveland, Corpus Christi, Bishop, and Kansas City. Judge T. J. Lawdon of Houston is among the latest arrivals.
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