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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 08, 1916
Page
9
Precipitation yesterday was none with a normal day total .05 inches. A daily deficiency measured .06 inches. Total precipitation since January 1 is 2.26 inches, yielding an excess of .23 inches for the period.
A surge in cotton demand pushes prices up by a dollar at main trading hubs as spot centers report brisk activity. Buyers and exporters rush to secure fiber amid limited supply and renewed interest from textile producers.
Daily spot prices show middling cotton delivered at market in several cities. San Antonio 11.50, Houston 12.10, Galveston 14.00, Dallas 11.65, New York around 10.63. Totals listed: 3,960 sales in San Antonio and 643 in Galveston, with other regional figures.
Liverpool top buys lift U S cotton prices sharply with spot and futures gains. San Antonio bids rise to 11 60 cents per bale for delivered cotton and Memphis reports strong foreign demand. warehouses await war resolution as exports improve and war nations plan for postwar needs.
The New York cotton market opened steady with a 6.9 point advance, led by Liverpool buyers especially for July. May rose to 12.13, July 12.26, and October 12.31 amid war risk concerns and later price activity. by midday a broad gain cooled with mixed trading and favorable Lusitania settlement expectations.
New York cotton futures opened steady with March at 11.90 May 12.10 July 12.00 October 12.28 and December 12.35. Futures closed 22 to 23 points higher with varied daily highs and lows amid a choppy session.
The report states Liverpool will open on Wednesday with a six to seven point higher margin. An 11 o'clock call notes a New York update and a brief, cryptic reference follows with partially legible phrases and timing markers, including numbers and scattered letters that resemble a coded message.
In New Orleans on February 8 the cotton market opened firmer on better cables, offerings were light, and prices rose 9 to 11 points in the first half hour. By noon the market stood 18 to 14 points above yesterday’s close as shorts covered and activity remained firm.
The New Orleans cotton market opened steady with March at 11.58 and May 11.86, July 12.907, October 12.06, and December 12.20. Closing was 24 to 25 points higher amid early trading activity.
New York market notes show Rio No. 7 coffee priced at 8 cents for delivery in March 7.46 and 7.60 for July. Prices reflect trading activity at the New York Coffee Exchange on February 8.
For sale farms on ranches and other property in exchange for local crops with easy terms. Box 126 Mangum Oklahoma. Also a fine farm for sale 15 miles out on Fredericksburg Road due to ill health by owner Henry Leffenschmidt inquire at 449 Granada. 114 acre farm on Corpus Christi road 14 miles south nearly all in cultivation cheap. Phones 24 Pruitt.
New York on February 8 saw a mostly dull trading day with fractional gains in a few issues such as American Car and Willys-Overland moving in opposite directions. Mercantile Marine preferred and Lackawanna Steel showed uncertainty while several steel and petroleum stocks faced pressure. U S Steel held near prior close as rails faded. Secondary stocks rose briefly in mid session but faded. war shares and oils fell further by the final hour with an irregular close.
Mercantile paper at 3.3 percent, sterling bills 4.70 percent, demand 4.76, cables 4.82? Guilders demand 2 percent, cables 4?2 percent. Bar silver 56.5 cents, Mexican dollars 43 cents. Government bonds steady, railroad bonds easy.
Cotton prices in Liverpool hold steady with Good middling at 8.25d and middling 7.984d. Trade shows 6000 bales for speculation and export, 600 bales, while receipts reach 22,000 bales.
Liverpool reports steady futures quotes with a sequence of monthly rates from February through January. Key pairings include February March at 7.97 to 7.834, and August September at 7.61 to 7.50, showing gradual declines across the year.
New York on February 8 reports seed oil futures closing strong. Spot price at 9.30 to 10.00. February 9.35 to 9.37, March 9.32 to 9.38, April 9.32 to 9.38, May 9.28 to 9.25, June 2.24 to 9.28, July 9.24 to 9.25, August 9.24 to 9.25. Total sales not provided.
In San Antonio on Tuesday Mexican currency showed reduced demand with steady stock in exchange outlets. Silver peso held firm at 42 cents, half pesos bid 30–31 cents, state bank notes down to 8 etc. Quotations list silver pesos at 42 cents bid, 41 cents asked, other notes and foreign currencies moving lower.
Time loans ease with 60 and 90 day notes at 2 1/2 percent, six months at 2 4 percent. Call money steady, highs 2 percent, lows 1 percent. Ruling rate 1 percent, last loan 2 percent, closing bid 1 percent, offered at 2 percent.
London financial wires show bar silver at 271.16d per ounce. Money rate at 4 percent with 4 percent discount on short bills and three months.
Allen Buell states wind speeds under 10 mph and precipitation under .01 inch are not published here. The note clarifies reporting thresholds used by the local forecast.
Wheat prices rose amid Liverpool firmness and limited U S receipts with May near 1.30 and July around 1.82. Cash shipments on the seaboard exceeded 600000 bushels while Greek purchase talk and Holland interest boosted gains. corn followed as weather favored, pork, lard, and ribs showing varied moves.
San Antonio grain buyers posted wheat at 1.35 to 1.36 per bushel for Texas and northern grades. Corn prices ranged from 0.78 to 0.83 per bushel depending on grade and location. Texas red oats sold at 0.63 per bushel in bulk and 0.68 in sacks, with northern white oats at 0.61 in bulk and 0.63 in sacks. Oklahoma prices mirrored Texas grades.
Dry salt extras 18c bacon extras 14 56c dry salt bellies 14 16 pound average 1614c fancy breakfast bacon 28c fancy hams 19c bacon bellies 14 16 pound average 16 c Pure lard 114 c compound Iilc
Quotations listed for Chicago commodities with wheat at No 2 red 1.31 1/4 dollars, No 2 hard nominal, corn nominal, oats standard about 48 1/2 to 49 1/2 cents, barley around 8 to 80 cents.
Quotations today show wheat at No 2 Ced around 1.33 to 1.35 with hard grain nominal. Corn No 2 around 764c and No 2 white nominal. Oat figures show No 2 around 4944c with No 2 white nominal.
Wheat prices listed in Kansas City trading: No. hard at 1.21 to 1.30, No. 2 red around 1.289 to 1.33. Corn shows No. 2 mixed about 68.5 to 69 1/2, No. white TL near 71 1/2. Oats quotes include No. 2 white around 50 to 52, No. 2 mixed about 48 to 49.
Kansas City futures show Wheat May at 1.221 for 1. May notations 1.221% and 1.1655 for July. Corn May 72 and July 7T34% Oats May 48 cents.
New Orleans on February 8 shows mixed rice activity with rough Honduras at about 2.00 to 2.85 and clean Honduras around 2.75 to 4.00 per unit. Japan demand remains steady with higher bids for rough and clean Honduras varieties amid overall receipts of rough 536 milhers and clean 5890 sacks.
Fort Worth reports another heavy hog run with 4500 head by noon as prices fall a nickel per hundredweight. Texas hogs dominate receipts while San Antonio sees a sparse sale, cattle and hog prices mixed and cattle arrivals moderate across markets.
Fort Worth Texas cattle receipts reach 3500 with steady prices for beeves stockers and cows and heifers priced from 4 to 8 dollars. Hog receipts total 4600 with diverse classes trading near firm to slightly lower levels and pigs at 4.60 to 6.50. Sheep receipts 200 with lambs 8.50 to 10.00 dollars and wethers to 7.50. Goats priced 3.50 to 5.00.
Receipts and quotations for hogs cattle and sheep at St Louis on February 8 show hogs at 6.59 to 8.25 for various grades cattle with native beef steers 7.50 to 9.50 and cows 5.50 to 7.00 while stockers feeders fetch 5.50 to 7.25 Texas Oklahoma steers 5.25 to 8.69 and calves 6.00 to 11.50. sheep strong with yearling wethers 8.00 to 9.50 lambs 9.00 to 11.25 and ewes 6.25 to 7.50.
Chicago market notes show hog receipts at 6,000 with steady demand and price ranges from 6.80 to 7.90 per cwt for different hog classes. Cattle receipts around 0 with weaker demand. native beef steers priced 6.30 to 9.50, western steers 6.60 to 8.10, cows and heifers 3.10 to 8.15, calves 8.00 to 10.75. Sheep receipts 15,000 steady with wethers 7.65 to 8.15 and lambs 8.75 to 11.30.
Hogs receipts 21 000 steady to weak with bulk 7.65 7.95 and heavy 7.85 8.00. Cattle receipts 9 000 steady. prime fed steers 8.50 9.25, dressed beef 7.00 8.40, cows 4.25 6.75, stockers 6.00 7.75. Sheep receipts 10 000 steady to higher. lambs 10.40 11.00, yearlings 5.00, wethers 7.50 8.25, ewes 7.5
Oklahoma City sale reports show cattle 950 head steady. Hog market at 2700 head down five cents. prices ranged bulk 7.65 to 7.99. Sheep 750 head steady. Notable consignors include Moffett and F. of Fort Worth and Randall of Fort Worth with cattle around 6.65 to 7.18 and 6.70. Local buyers include Purcell and Calumet connections. steers around 7.35 and 7.25 for Chickasha area entries.
J Ogden Armour, head of the packing concern, traveled to Fort Worth this morning to attend a directors meeting. The gathering was expected to address the resignation of John A Stafford as general manager and changes in the National Feeders and Breeders Show along with several vacancies in Armour and Stock Yards management.
Raw sugar stays steady with Centrifugal at 4.83 and molasses at 4.06. Refined sugars hold at cubes 6.35 and powdered 6.15 to 6.16. confectioners grades reach around 8.90 with miscellaneous notes and minor figures.
Lard and pork products slid in the San Antonio wholesale market on Tuesday with expectations of smaller butcher bills for housewives. Packers anticipate lower future prices as hog slaughter rises, sending hog weights higher than earlier in winter. Hog sales currently run 86 to 90 cents per hundredweight above last year.
Produce prices remain unchanged from last week with eggs in country markets rising in supply and steady demand. Raw silk gains push Italian grades to record highs while dry goods costs rise for dress fabrics and men’s fall suitings. flour from mills stays around $6.10 to $6.15 per barrel as business stays active.
Wholesale prices for the trade day show eggs steady and butter firm. Texas country candlead 2 28c storage 23 24c. Common country and pa stock 16 17c. Poultry firm with hens per dozen 4 6 dollars, friers 3.50 4.50, broilers 2 3.50, turkeys 15 per pound, ducks 4.50 5.50 per dozen, geese 7.00 10.00 per dozen, rabbits per dozen tic and 1 dollar.
Butter prices rise to 27 to 28 cents with 20 cent gain. Eggs drop with 30 34 cases received. firsts 28 28 cents, ordinary firsts 27 28 cents. Potatoes advance with 30 car receipts from Michigan Wisconsin Minnesota and North Dakota at 95 to 105 cents. Poultry alive higher with fowls and springs around 16 to 17.5 cents.
Kansas City market bulletin shows butter firsts 29 cents second 27 cents packing 19 5 cents. Eggs firsts 29 cents seconds 20 cents. Poultry hens 14 cents turkeys 26 3 cents springs 18 cents.
Lead price at .99 cents, spelter at 2.09, copper firm around 26 to 27.90, iron steady, tin at 41.25 spot. Market details reflect early February trading in metals.
Lead at 32 pounds sterling per unit and spelter at 8 9/ pounds. Copper spot at 101 pounds sterling with futures at 100. Electrolytic at 131. Spettin listed at 179 with futures 179. Antimony at 125 pounds sterling.
In Savannah on February 8 turpentine held steady at 54% with sales 57 and receipts 43 while shipments reached 383 and stock stood at 12,099. Resin remained firm with sales 1089 and shipments 2461. stock 52. Prices listed for various buyers range from $5.13 to $6.30 per unit, with occasional higher quotes up to $6.75 for certain grades.
Washington Feb 8 The Cambie nation of Midvale Steel and Ordnance Co and Cambine Steel Co likely face Department of Justice inquiry. Information suggests the firms operate in different manufacturing lines and no action is expected if this is confirmed.
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