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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 17, 1916
Page
13
In a late session drift, Cutton moves attract buyers as selling activity picks up across sectors. Traders watch indications from lifting prices and volume as equities respond to cautious economic signals and regional demand.
Heavy near month selling drove cotton futures down amid bearish sentiment. Spot prices in the South fell 50 to 75 cents per bale as the market faced favorable South crop news and labor troubles at New England mills. Exports to Europe remained large but doubts about future shipments grew amid the United States Germany dispute. San Antonio buyers cut offers by 75 cents per bale with middling at 11.25 per pound.
Active near month liquidation resurfaced as headlines show March down to 11.62 and May to 11.85 with July at 12.05 after the call. Liverpool bought July and October as new crop held near last night’s quotes while heavy near month losses pushed March to 11.82 and May to 11.55 in early afternoon trading before a late rebound and a steady close.
The grocer jobbers announce a March 15 rise of 15 cents per case on all lye grades due to scarce supply and higher demand. Beef remains steady, pork firmer, mutton rising, and spring lambs reach a record 11 1/2 cents per pound as Texas vegetables enter volume markets. No other price changes were reported by packers or for Thursday.
Liverpool cotton market reports spot prices easing with good middling at 8 1 6 d, middling 7 9 d, and low middling 7 5 3 d. Sales reach 000 bales including 3 000 for export and speculation, receipts listed as 7 400 bales.
Futures quotes from Liverpool list continuous contracts for several month pairs. Notable figures show February at 7.694 with a typical downward slope toward later months, reflecting a steady market, as of February 17.
In New Orleans on February 17 the cotton market fell sharply as bearish political uncertainty spurred a selling wave. Old crops weakened more than new with near months recovering briefly, October up seven points, but noon prices showed a 6 to 16 point loss as short selling and stop losses mounted. By 1:30 p.m. prices slid to 14 to 26 points under yesterday’s last quotes.
New Orleans reports cotton bids with March at 11.36, May 11.66, July 11.90, October 11.92, December 12.09. Prices closed 17 to 20 points lower amid market weakness.
Stocks opened lower on news of a renewed Lusitania controversy and Mexican tensions. Curbible Steel and New York Airbrake fell 1 to 2 points, United States Steel little changed, Mercantile Marine issues led the dull mid session, while Butte and Superior and American Zinc advanced sharply in the last hour as Baldwin shares weakened.
Unclear OCR text suggests Liverpool opens Friday from 1 to 7 despite a slight deficit. Additional garbled lines mention times and locations including New York and Laon Wan with stray numbers, making specifics uncertain.
New York February 17 cotton goods remained firm and active with worsted and cotton yarns in strong demand. Jobbers were busy and manufacturers reported large orders for apparel.
Savann ah Ga February turpentine dull with no sales and 858 shipments 10 787 stock receipts 39 resin steady with 574 sales 2897 receipts and 1811 shipments stock 565821 quotes include A BB Dp B G H f K MM N W W and prices from 6.20 to 7.60 per unit in various grades
Real estate notice seeks a large Mexican land parcel. Describes good land and a well located property. Respondents directed to Ha.fartain at 403 Moore Building.
A seller seeks to trade property in the city’s most attractive section of San Antonio for ranch property. The offer mentions improved or unimproved parcels and refers to FP. Interested parties may respond via box 1190.
For sale by owner due to health reasons a fine farm and ranch near Fredericksburg road about 15 miles out. Owner Henry Sel denschnur lists contact at 449 Granada for inquiries.
FOR RENT-160 ACRES FARM ALL conveniences 14 miles out Culebra road small family wanted Inquire Mrs Sach Nowicz route 4 box ...acreacnaaa TO TRADE 20 ACRE IMPROVED RICE FARM IN WHAREN COUNTY TEXAS BEST IN STATE PRICE 4000 1500 CLOSE DEAL Raph Appleby 1815 Myrtle Ave El Paso Tex
For rent in the area a three acre fenced plot with a three room house, stable, well and windmill located two miles from city hall. Contact Travis at 627 for details.
New Orleans rice market shows clean Japan rice steady with other grades firm. Receipts listed Rough 6305, millera 5246, clean 900. Sales include 276 sacks rough Honduras at 2.85 and 1516 pockets clean Honduras at 4 cents per pound.
United States weather bulletin notes observations recorded at 7 July 17 1916. The document lists weather observations and related meteorological details from the period.
Mercantile paper rises to 3.3 percent while sterling bills trade at 4.70 percent for sixty days, demand 4.76, cables 4 19-16. Guilders demand 42 percent, cables 42. Bar silver quotes at 86 3/4 cents, Mexican dollars at 43 cents. Government bonds hold steady and railroad bonds show irregular activity.
In New York on February 17 time loans remained steady with 60 and 90 days at 2 percent, six months at 2 3 percent. Call money stayed steady with high 2 percent, low 1 percent, ruling rate 1 percent, last loan 2 percent, closing bid 1 percent, offered at 2 percent.
London trading reports bar silver at 26 15 64 per ounce and money at 4 4 percent. Discount rates for short bills and three months stand at 5 4 to 5 7 1/2 percent.
Galveston reports on February 17 detailing the arrival of the Topila and the fled Alba from New York. The terse notice notes ship movements in the harbor and provides no further context or cargo information.
Market snapshot shows cotton price trends in San Antonio with current bids and offers. Buyers and sellers respond to regional demand shifts and moisture conditions affecting fiber grades and futures.
The San Antonio Chamber of Commerce passes a resolution endorsing a civilian training camp at Fort Sam Houston and Leon Springs. The directors urge authorities to establish the camp and pledge cooperation, sending copies to General Frederick Funston and Washington officials.
Lambs sold to a record high of 11.35 per hundredweight at U S stockyards market reports. Cattle and hogs remained active with steers up to 6.60, cows near 6.00, calves around 7.00, and hogs 7.00 to 7.50. Receipts were light and no sheep or goats were offered.
Fort Worth Texas reports cattle receipts 1500 with steady quotes across breeds including Reeves at 6.00 to 7.50, stockers 6.00 to 6.85, cows around 3.50 to 6.50, calves 4.00 to 8.00. Hog receipts 4500 with bulk 7.65 to 7.95 and sows 6.50 to 7.25. Sheep receipts 600 with lambs 8.50 to 10.50 and ewes 7.00 to 7.50. Goats 4.00 to 5.00.
Receipts and quotes show hogs 11,560 with higher market. pigs and lights 6.50 to 8.45, mixed and butchers 8.20 to 8.60. Cattle receipts 3,000 with steady market. beef steers 7.50 to 9.50, yearlings 8.50 to 9.50, cows 5.40 to 7.00, stockers 5.50 to 7.25, Texas/Oklahoma steers 5.25 to 8.00, calves 6.00. Sheep receipts 1,800 with steady market. yearling wethers 8.00 to 10.00, lambs 9.00 to 11.35, ewes 6.25 to 7.75.
A store at Frio City road was burglarized after eight attempts. The thief cut telephone wires and used a crow bar to pry a weatherboard. Candle grease on his trousers betrayed the method. a suspect was found in a box car but denied involvement. Sheriff Tobin investigated.
Receipts and quotations listed for hogs cattle and sheep in Kansas City. Hogs—receipts 9000. bulk 7.90 to 8.25. heavy 8.05 to 8.30. light 7.85 to 8.10. pigs 6.50 to 7.75. Cattle—receipts 2000. prime fed steers 8.50 to 9.00. dressed beef steers 7.00 to 8.40. cows 4.25 to 7.00. heifers 6.50 to 8.71. Sheep—receipts 3000. lambs 5.50 to 11.00. yearlings 9.10 to 9.00. wethers 7.75 to 8.35. ewes 7.25 to 7.75.
The Chicago livestock market reported receipts of 33 000 hogs with a strong tone. Bulk hogs 8.15 to 8.35, light 7.80 to 8.40, mixed 7.05 to 8.45, heavy 8.05 to 8.50, pigs 6.26 to 7.40. Cattle receipts 5000 with steady tone. Native beef steers 6.60 to 9.65, western steers 6.70 to 8.15, stockers and feeders 3.56 to 7.25, cows and heifers 3.15 to 8.25, calves 8.50 to 11.50. Sheep receipts 13 000, market steady. Wethers 7.75 to 8.30, ewes 5.50 to 8.25, lambs 9.00 to 11.35.
A quoted exchange from the Detroit Free Press notes a woman who once forgave then married her former suitor, with line about carrying revenge to the end. The brief reflects a local reaction to a romance turning to matrimony.
New York on February 17 reports cotton seed futures easing across contracts. Spot bids at 9.50, with February 9.60 to 9.65, March 9.63 to 9.70, April 9.50 to 9.54, May 9.42 to 9.43, June 9.40 to 9.49, July 9.43 to 9.44, August 9.48 to 9.45, September 9.46 to 9.47. Total sales 15,100.
New York Feb 17 coffee prices drifted lower with No. 7 Rio at 9 1 2 cents futures easing. March futures 7.3 percent with May at 7.97 cents.
In Til, Feb 17 market notes indicate crop expert fears Hessian fly spread in Kansas spurred an early wheat rally with May at 1.80 1.81 and July at 1.23 1.24, later reversing on Argentina and Australia shipment forecasts. Wheat closes modestly lower while corn climbs then dips, oats rise slightly, and hogs offset gains through packer selling.
Carrot buyers paid listed prices for grain delivered in San Antonio on Thursday. Wheat Texas 1.35 per bushel, northern 1.36. Corn Texas No 3% 80c, northern No 2 mixed 78c, northern white 88c per bushel. Oats Texas red bulk 63c sacks 5c, northern white bulk 61c sacks 63c. Oklahoma prices mirror Texas grades.
Local packing house quotations listed for Thursday include dry salt extras at 13 cents, bacon extras at 14 1/4 cents, dry salt bellies averaging 14 to 16 pounds at 16 1/2 cents, fancy breakfast bacon 28 cents, fancy hams 19 cents, bacon bellies 14 to 16 pounds at 16 1/2 cents, pure lard 11 1/2 cents, compound 1 cent.
Quotations today show heat and grain prices with No 2 red and No 2 hard heat at $1.80 and $1.30 respectively. Corn No 2 yellow listed as nominal, oats standard at 48 to 50 cents, and barley at 68 to 78 cents.
Quotation figures show wheat at 1.38 for No 2 red and nominal for No 2 hard. Corn prices list 27?4 and 2 white at 74 3/4 cents. Oats come in at No 2 47 1/2 cents and No 2 white 51 1/2 cents.
Kansas City quotations list wheat and oats prices for Feb 17. Wheat No 2 hard 1.22 1.29. No 2 red 1.23 1.29. No 2 mixed 71 2c. No 2 white 71 2c. Oats No 2 white 48 50c. No 2 mixed 46 47c.
Wheat May at 1.19 and July at 1.16 while Corn May 78½ cents and July 74½ cents fall. Oats May 48 cents.
Spot lead bids at 6.27 percent with no spelter quotation. Copper firm with electrolytic near 258.59 and June plus 26.75 to 27.56. Iron unchanged. Tin strong at spot 41.76 to 42.25.
The London market notes lead at 2 pounds per unit, spelter at 102 pounds, spot copper at 106 pounds with futures 103, electrolytic 136, spot tin at 181 with futures 181, antimony not quoted.
Wholesale prices for Thursday show eggs steady with Texas country candied at 19 21c and storage 23 24c. Butter firm with Texas creamery 8245%0 per pound and Country 18 20c. Poultry firm with hens 4.50 6.00 per dozen friers 3.50 4.60, broilers 2.00 3.50, turkeys 15 116c per pound, ducks 4.50 5.50 per dozen, geese 7.00 41.00 per dozen. Rabbits per dozen 75c and 1.00.
Quotations today show butter higher with creamery 24 32 cents and eggs lower. Receipts reach 1999 cases for firsts at 21 cents and ordinary firsts at 20 to 21 cents. Potatoes drop with 50 cars received. Minnesota Wisconsin Dakota white prices at 95 cents to $1.02. Ohios at $3.98. Poultry alive prices fall with fowls 15 cents and springs 76.
New York market notes prices for raw sugar Centrifugal at 4.89 and molasses sugar at 4.12. Refined sugar unchanged. Cut loaf 7.00, crushed 6.90, mould A 6.55, cubes 6.45, powdered 6.20, fine granulated 6.16, confectioners A 6.90, No. 1 85.
Creamery butter sells for 28 cents for firsts and 26 cents for seconds with packing at 19.4 cents and 0c. eggs list 23 cents for firsts and 2 percent for seconds. Poultry shows hens at 114 cents and turkeys 20 cents. springs 18 cents.
The San Antonio high school hosts a public debate at 2:15 Friday in room 11 on whether military training should be introduced. Debaters include William K. St. Claire Bartlette Cocke Theodore Macleod Elmar Ditmar with a declamation on the topic. Public invitation extended.
A civil service examination in San Antonio on March 11 seeks a carpenter qualified as a band leader for the Western Navajo agency in Arizona. The role includes carpentry tasks and organizing and leading a brass band of Indian boys. Additional exams announced for March cover general mechanic editor chief, inspector hull material, engineering analyst, and ship draftsman.
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