Exports of Cotton Rise in February Trade
Galveston reports a February cotton export increase of nearly 75 000 bales as prices advance. Foreign news factor noted.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 29, 1916
Page
13
Galveston reports a February cotton export increase of nearly 75 000 bales as prices advance. Foreign news factor noted.
The text lists spot cotton prices with middling grade as baseline and marks market quotes for Houston New Orleans New York Liverpool and other points. It shows quantities and delivery terms, indicating daily basis for nationwide buying.
Brisk market movement lifts New York and New Orleans quotations about 75 cents per bale. Southern spot markets advance with noon prices San Antonio bidding 11 cents per pound for middling, while Dallas Houston and Galveston follow suit. Export reports from Galveston show February shipments near 262,291 bales year to date, bolstering optimism as Berlin submarine policy unsettles.
The New York cotton market opened steadier with Liverpool firmer and May at about 11.47¢ and July 11.67¢ as buying and covering supported prices. By mid day May and July hovered near 11.40¢ and 11.60¢ with modest gains, while spot selling from southern sources cooled. Trading remained mild, with afternoon activity pushing May to 11.46¢ and July to 11.66¢ as quotes firmed 11 to 14 points from earlier lows.
New York price desk reports cotton futures opening steady on Monday with March at 11.13 cents per pound May at 11.01? May around 11.01? and October near 11.77 cents. Trading closes 8 to 12 points higher, with high and low ranges noted and a cryptic follow up line.
Readable text shows a fragmentary note with unclear timing and numbers. Mentions New York and a July reference but lacks coherent events or identifications.
The New Orleans cotton market opened 2 to 4 points down on weak cables and rain prospects for Texas, but demand quickly rose, lifting prices to 7.8 points above yesterday's close within 30 minutes. By noon, quotes showed 13 to 14 points up from Monday's close, and afternoon trading remained quiet but steady with moderate demand keeping values firm.
In New Orleans the cotton market opened steady with March at 10.8 percent and May 11.05 cents, July 11.30 cents, October 11.52 cents, and December 11.67 cents. Closed 11 to 15 points higher. High and low and Monday close noted amid irregularities in the typographic transcription.
Liverpool cotton market eases with good middling at 7.98 pence and middling 7.71 while low middling shows 7.374. Sales reach 8,000 bales for speculation and export, plus 1,560 bales in receipts totaling 16,000.
Liverpool notes futures with steady tones and multiple straight and crossing contracts. March at 7.564 with adjustments to April 7 See, May at 7.52 percent signals. Official noon close shows February at 7.55 and February-March TALMA value.
Union Stock Yards report shows hogs advancing with Fort Worth at noon posting a 15 cent rise in offers. San Antonio offered 373 hogs steady to 5 cents higher while cattle held steady to weak with steers at 6.40, cows 5.25 to 5.75, calves 6.00 to 7.00 per hundred pounds. Hogs remained in strong demand with tops at 7.60, up 10 cents from yesterday. Sheep and goats lacked activity in San Antonio though other markets showed some lower prices.
Fort Worth Texas February 29 cattle receipts 2000 steady with Reeves 4.50 7.50 stockers 6.00 7.00 cows 3.25 6.50 heifers 4.50 7.50 bulls 4.25 5.60 calves 4.00 8.50 hog receipts 4500 bulk 8.20 8.40 heavy 8.40 8.45 medium 8.20 9.78 light 7.85 8.40 pigs 24.50 48.00 sheep receipts none steady lambs 8.75 10.75 yearlings 7.75 8.75 wethers 7.50 7.75 ewes 7.26 7.80 culls 4.00 5.00 goats 3.50 95.00
Receipts and quotations for hogs cattle and sheep at Chicago markets show hogs 19 009 head with prices from 8.20 to 8.90 for various grades. Cattle receipts 5000 head with native steers and feeders 7.00 to 9.60, western feeders 8.20 to 9.20, cows and heifers 3.25 to 8.30, calves 8.25 to 11.00. Sheep receipts 14 000 head with wethers 8.00 to 8.65 and lambs 9.25 to 11.40.
Hog receipts reach 160,000 head with higher prices. Pigs and lights sell from 6.25 to 8.80, mixed and butchers 8.60 to 8.90, heavy 8.58 to 9.90. Cattle receipts 2,509 with steady values: native beef steers 7.50 to 9.50, stockers 5.50 to 7.75, cows 4.00 to 7.28, Texas cattle 5.25 to 8.00, calves 6.00 to 11.25. Sheep receipts 2,800 with lambs 9.00 to 11.40, yearling wethers 8.90 to 10.00, ewes 6.50 to 8.10.
Receipts and prices for hogs cattle and sheep listed. Hogs 15 900 head with bulk prices from 8.25 to 8.85 for different weights. Cattle 8060 head with prime fed steers around 8.60 9.50 and cows 4.50 7.00. Sheep 10 900 head with lambs 10.50 11.10 and yearlings 9.25 9.00 with wethers 7.75 8.50.
Oklahoma City market reports show cattle receipts at 525 head and a steady trend. Hog receipts reach 2,690 with top prices around 8.40 and bulk sales 8.20 to 8.25. Various listed ranches and buyers from Oklahoma and Texas contribute to the day's price sheet.
Cotton seed oil closed steady in New York with spot at 9.85 to 10.30. Futures posted March near 9.86 to 9.88 and May around 9.78 to 9.80, with various months from April to October shown and total sales listed at 24,600 barrels.
More than one million acres of Texas school land will be offered for purchase starting May 1 under a competitive bidding system. Most of the land lies in the arid western portion of the state.
Raw sugar firm notes centrifugal at 5.02 with molasses 4.25. Refined steady with cut loaf 7.40 crushed 7.25. Mould A 6.75 cubes 6.75 XXXX powdered 6.49 powdered 6.35 fine anulated 6.25 diamond A 6.26 collectors A 6.15 MNo 1 6.10.
Moderate German stance on submarine policy prompts early gains in many issues led by Reading and Mexican shares. Turbulence returns as Anglo-French bonds harden and munitions stocks waver before a heavy closing.
The report notes Sterling at 60 day and demand quotes around 4.71 and 4.76 with cables at 4.77. Guilders demand and cables at 42. Bar silver at 56 1/2 cents. Mexican dollars at 43 1/4 cents. Government bonds steady while railroad bonds show irregular activity.
Trading in Mexican money in San Antonio on Tuesday showed bid quotes for silver at 41 and Bank of London and Mexico notes mixed with Carranza currency.
New York reports time loan terms at 60 days at 24.02 percent and 90 days at 2 to 3 percent with six months at 3.3 percent. Call money remains steady with high at 2 percent, low at 1 percent and ruling rate at 1 percent. just loan 2 percent and closing bid 1 percent, offered at 2 percent.
London reports bar silver at 26 15 164 per ounce and money at 4.4 percent. Discount rates for short bills and three months stand at five percent.
New York trading reports No. 1 Rio coffee futures rising with March up to 7.76 cents and July at 7.87 cents as the market shows firmness. Futures activity reflects renewed demand and supply expectations for the coming months.
Fresh country eggs fell another cent per dozen in the San Antonio wholesale market, with retailers quoted at 15 to 16 cents and consumers offered the best at 20 cents per dozen. Large buyers were seen stocking for cold storage as the 1918 storing season opens April. Canned pineapples show ample supply with Honolulu reports of 60,000 tons destined for the mainland, signaling an unusually large pack.
California fruit growers profited from Europe’s war as 1915 showed high foreign orders and a promising 1916 season. No price changes occurred by grocers jobbers or vegetable commission houses during the day.
Eggs weak in Texas markets. Creamery at 31 83c per pound. Country eggs 18 20c. Packing stock 13 15c. Poultry rates include hens 5.00 per dozen, fryers 4.50 6.50, broilers 2.00 3.60, turkeys 15 per pound, ducks 4.50 5.50 per dozen, geese 7.00 10.00 per dozen.
Chicago trading opens mixed as German note eases fears of break with the United States. Prices swing with May wheat at 1.09 to 1.22 and July near 1.07 to 1.09 as bulls gain on reports of foreign buying and large flour sales. Corn and oats rise on crop damage boosts, while hogs and cereals support provisions.
Grain delivered in San Antonio Tuesday listed. Wheat Texas 1.35 per bushel, northern 1.86. Corn Texas No 3 89c, northern No 2 mixed 78c, northern white 90 88c per bushel. Oats Texas red bulk 68c, sacks 9c? northern white bulk 61c, in sack 63c. Oklahoma prices same as Texas grades.
The notice lists prices for meat products including dry salt extras 18 cents, bacon extras 14 cents, dry salt bellies 14 to 16 pounds at 15 cents, fancy breakfast bacon 26 cents, fancy hams 11 2/3 cents, bacon bellies 14 to 16 pounds at 17 2/3 cents, pure lard 11 4/5 cents, and compound lard 11 cents.
A 62 year old white man, believed to be a counterfeiter who escaped a deputy US marshal in El Paso, was arrested by Officer Saddler of the Southern Pacific force early Tuesday. The arrest occurred in the east yards of the G H & B A Railway shortly after dawn. Federal officers were asked to verify the prisoner's identity. The report notes a nine year gap since the escape and provides family details and funeral arrangements for a separate obituary context within the text.
Reinhard and Co coffee roasters announce a guarantee of quality for their roast products, highlighting strict sourcing and consistency in flavor.
Rate card lists new and used auto livery options with hourly prices of 1.50 and 2.00. Advertising note indicates available vehicles and service terms.
An advertisement lists location at 216 Soledad Street with criminal case numbers Cr. 5100 and 4100. It announces new rates for parking or rental with charges of 900, $1.50 and $2 per hour.
Wheat No 2 red traded at 1.1044 1.12, No 2 hard at 1.10, Corn No 2 yellow at 78 cents, Oats standard at 41/2 to 44 cents, Barley 60 to 70 cents. Last add NY cotton.
Mrs Cross offers home cooked food at moderate prices at the Y W C A Cafeteria. Men and women are cordially invited to dine.
Quotations show No 2 red wheat at 1.20 dollars and No 2 hard steady. No 2 corn at 2 and a half to 2 2/3 cents, No 2 white at nominal values. gate prices for No 2 at 40 4 cents and No 2 white nominal.
Quotations for butter and creamery stay steady with butter at 24 22½c and creamery at 22½c. Eggs rise with receipts of 8899 cases and firsts at 21¾c to 22½c, ordinary firsts 20½c, and a marked 19¾c 21¾c range. Potatoes advance on 15 car receipts across Wisconsin Michigan Minnesota and Dakota white at 88–95c with Minnesota and Dakota Ohio?s at 85c. Poultry markets show alive prices higher for fowls 16c and springs at 17¼c.
Quotations reported include Wheat No 2 hard at 1.02 to 1.07 dollars per bushel, No 7 red 1.04 to 1.07, Corn No 2 mixed 66 to 67 cents, No 2 white 68 to 68 1/2. Oats No 2 white 45 to 46 cents, No 2 mixed 42 to 44 cents.
C K Dunlap traffic manager for Southern Pacific traveled through San Antonio on Tuesday en route to Eagle Pass for railroad business.
A 75 piece orchestra performs at Beethoven hall for the Musicians' Annual Ball with dancing until 2 a m Admission is 50 cents with ladies free according to the advertisement.
OConnell Loan Co. offers loans on diamonds watches and jewelry at 112 East Houston Street.
Co. W. Davis advertises Elgin and Waltham watches with easy payments terms. The listing notes credit options and a Cr. Gilla. allowance or reference.
Kansas City market quotations list butter at creamery 32 to 32.5 cents firsts 31 1 2 cents seconds 28 1 2 cents packing 31 2 3 cents. Eggs show firsts 24 cents seconds 21 cents. Poultry prices state hens 18 1 2 cents turkeys 20 cents springs 16 cents.
Grain futures closed with Wheat May at 1.03 and Corn May 69 and July 71, Oats May 42. Reading from Kansas City on February 29.
The notice advertises medical osteopathic, electric and Swedish massage and adjustment services offered by Sureddin at 316 17 Hicks Building. The listing names the practice type and location for potential clients seeking therapeutic care.
Grasse and Roeile advertise piano finishing services with turnkey work and warranty terms. Contact for refinishing, restoration, and polishing.
Lead at 6.40 with Spelter not quoted Copper steady at 28.50 for nearby and 27.00 for June or later Iron firm and unchanged Tin firm at 47.00 to 48.00 spot Weathered notes indicate metal prices in New York trading Feb 29 with electrolytic copper and tin values.
London on February 29 reports lead at 38 2s 6d per unit with spot copper futures at 103 108. Electrolytic and spettin prices are listed with futures quoted at 188 10s and 188. Electrolytic copper at 138.
Thieves entered the Alex Arnold store at 119 Avenue C Monday night and stole four suits. The burglary was found Tuesday morning and reported to police. An attempted break in at a San Jacinto and Leal streets grocery at 10 45 pm Monday was thwarted by neighbors. Officers found no trace of the burglars.
Verona Norwegian and Rosemoor British ships arrived at Galveston with Genoa Sejm Crown of Cordova and Liverpool in ballast or partial cargo.
Advertising note promoting 1917 calendars from Dulling Printing Co with 10 percent extra discount for larger orders. Mentions 600 samples and a Crockett 3338 phone number for an agent to call.
Turpentine steady with sales and receipts noted for February in Savannah. Resin also steady with reported sales and receipts. price quotes listed for window glass and water white varieties.
W. G. Schuwirth & Co. advertises sewer connections and plumbing services at 231 West Commerce Street with a Crockett phone listing for appointments and inquiries. The compact promotion emphasizes residential and commercial plumbing options and service scope.
Local ad from Alamo Jewelry Co at 315 Alamo Plaza invites customers to sell or trade old gold silver diamonds and coins for cash. Ad copy emphasizes quick quotes and convenient service.
Observations taken at 7 a m Tuesday February 29 1916. Wind speeds under 10 mph and precipitation under one quarter inch are not published. Allen Buell, Local Forecaster.
Dabney S. White of Tyler voices support for a proposed cut by the state fire insurance commission on fire insurance rates for small warehouses in Texas. Gins would store cotton at about 50 cents per bale per year instead of roughly $2. Cotton compress and warehouse interests oppose the plan. A decision is due in Houston on March 9.
A grand leap year ball takes place at Woodman Hall on Tuesday February 29 with admission set at 25 cents. Proceeds support community activities and the event features music and dancing.
The Law office of Ben P. Lane moved to Suite 409 Prudential Building. Arthur W. Wright will be associated with him in the practice of law.
A 75 piece orchestra concert at Beethoven hall runs late into the night. Admission is cents with ladies admitted free.
The infant Myrtle McReynolds daughter of Mr and Mrs J F McReynolds died at their home 345 West Johnson street early Tuesday morning. The funeral will be held at 4 o clock Tuesday afternoon from the home and interment will be in city cemetery No 4.
Mrs. Mary J. Shook aged 73 died at her daughter Mrs. C H Griswold’s North Flores street home at 2 30 PM Monday. A native of Indiana she had lived in San Antonio for the past years.
Jesus Huerta died at his home 110 North Mesquite Street Monday morning at age 101. He spent 75 years in Bexar County and lived in the city for the last 15. Born in Sabinas Mexico, he is survived by two daughters Mrs. F G Barrera of San Antonio and Mrs. P Guzman of Laredo, and two sons Sabino Huerta of Laredo and Mike Huerta of Floresville. Funeral from the home Tuesday at 10 with services at San Fernando Cathedral at 10 30. Burial in San Fernando Cemetery.
Miss Marguerite Galindo aged about 50 died Sunday night at the home of her niece Mrs Virginia Gonzales in Laredo. The body was sent to San Antonio for a funeral at 9 am Wednesday from the home of her sister-in-law Mrs Emma Cadena on Green street. Services will be held at San Fernando cathedral and interment will be in San Fernando cemetery. Miss Galindo was well known in San Antonio.
Alfred Paul Hobrecht, 61, died in a San Antonio sanitarium on Monday. A native of New Braunfels, he lived most of his life in Elmendorf as a rancher. Survived by his widow, four daughters Lena Clara Della and Mrs Frey Gotari, six sons Fred Dan Max Henry William Charles, a sister Mrs Ann Seffel of San Antonio, and a brother Max Hobrecht of Pearsall. Body sent to Elmendorf by Zizik Undertaking Company, interment there.
Mrs. Ottie Sweisher aged 44 died in Cotulla Sunday. The body was taken to Slater Missouri, her home, by Sloan & Hagg Undertaking Company and interment will be there. She is survived by her husband M. J. Sweisher and her mother who were with her at the time of death.
The funeral for Alpine ranchman L. Glenn Kokernot, who died Monday, was held at his father J. W. Kokernot’s home at 361 Kine's Highway. Rev. C. T. Cooper officiated. interment followed at Alamo Masonic cemetery with active pallbearers J. H. Frost, Lytle W. Gosling, R. F. Bynum, George L. Houston, Guy S. Combs, and Marshall Terrell. honorary pallbearers included W. J. Moore, Geran B. Lucas, A. S. Gage, R. L. Ball, 8S. R. Walker, R. B. Pumphrey, J. M. Bennett, Sol West, George W. West, and D. J. Woodward.
Shelley Loring Undertaking Co offers automobile equipment and related services with advertised phone numbers 971- for contact and information.
Richard S. Westervelt a noted civil engineer from Corpus Christi and Brownwood Texas died in a San Antonio sanitarium from pneumonia on Saturday. He was the son of the late Dr J D Westervelt of Corpus Christi and this city. The body was taken to Corpus Christi and funeral services will be held at the Episcopal Church there. Interment will follow in the family burial ground. The death was reported under the Shelley Loring Undertaking Company.
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