Weather Brief Reports Small Precipitation Totals
Yesterday's rainfall measured .06 inches, matching the normal for the day. The season totals show .06 inches of precip since January 1, with a total deficiency of about an inch for the year.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 07, 1916
Page
11
Yesterday's rainfall measured .06 inches, matching the normal for the day. The season totals show .06 inches of precip since January 1, with a total deficiency of about an inch for the year.
The Caport situation shows cotton prices increasing with Southern spots remaining firm, signaling steady demand and limited near term volatility for growers and traders in the region.
Reports from New York say Britain fixed a two cent per pound rate on U S cotton to English ports boosting export outlook. Southern spot markets show bullish demand with some shortages. San Antonio bids hit 11.90 a bale. Export activity remains light as vessels are scarce and freight rates stay high.
The New York cotton market opened steady with March at 12.57, May 12.77, and July 12.92 as Liverpool firmness faded. Prices eased after local selling from regional sources, with March and May slipping to 12.44 and 12.66 before a late morning rally on foreign buying and improved spot demand, leaving activity quiet and narrow around midday.
The New York market shows January at 12.25 March 12.955 May 12.75 July 12.94 and October 12.86 with a 9 to 10 point rise at close. Early figures indicate gains across contracts as traders weighed supply and demand signals.
Report notes Liverpool’s position with a six point gap, and a final update call set for 11 o’clock. Mentions New York as a reference point and includes unclear figures 22.71 and 12.83 amid dense notation.
New Orleans cotton opened steady with slight gains in early bids before long liquidation pulled prices down. By midmorning the market was quiet yet steady, then toward noon posted a net decline of seven points from yesterday’s close. A report that Britain fixed a two cent rate on shipments to England provided afternoon support.
New Orleans reports a steady cotton market with January futures at 12.15 naked, March 12.27, May 12.64, July 32.82, October 12.43. Futures gain up to nine points, with mixed quotes and unsettled details across months and prices.
In Liverpool daily listings Fottan Liver pool notes mixed prices for good middling and middling grades with specific figures. There are 10 900 bales traded and 4000 bales recorded in receipts amid speculation and export activity.
The Liverpool futures page shows irregular rates across months from January to next year. Key figures include January at 7.9 percent, February at 7.95, March at 7.94, and December to January near 7.9 percent, with several subsequent month spreads around 7.5 to 7.8 percent.
New York spot price 7.83 with January 8.74 8.78 and February 8.89 8.75. March 8.69 4 78.70, April 8.70 8.75. May 8.74 8.75, June 8.79 8.79. July 8.84 8.85, August 8.87 58.88. Total sales 29,000.
Holiday demand for fruits boosted market strength with oranges scarce and higher priced items hard to obtain. Apples and bananas are plentiful, but celery and cranberries remain tight with strong prices. California stocks neared exhaustion. packing-house products held steady. grain prices in San Antonio stationary.
Markets in San Antonio show Wegs steady with Texas country candied at 29 to 30 cents and storage at 28 1/4 cents. Butter firm with Texas creamery at 32 to 38 cents per pound. Poultry prices hold. hens per dozen 4.00 to 5.50, fries 3.99 to 4.50, turkeys 15 to 16 cents per pound, ducks 4.50 to 5.50 per dozen, rabbits 75 cents to 1 dollar per dozen.
Chicago markets report quiet trading with lower creamery products and potatoes. Receipts include 5573 cases with firsts at 27 1 5 to 28 1 else 27 31 for ordinary firsts, and poultry prices show alive birds down with fowl at 13 cents and springs at 18 cents. Minnesota and Dakota white potatoes quoted 90 to 95 cents. Ohio prices at 54 to 90 cents offered.
Quotations list yesterday's prices for butter eggs and poultry in Kansas City. Butter creamery 33c firsts 31 1/2c seconds 29c packing 19c. Eggs firsts 26 1/4c seconds 20c. Poultry hens 10 1/4c turkeys 15c springs 11 1/2c.
Raw sugar quoted steady with centrifugal at 4.45 to 4.58, and molasses at 3.689 to 3.81. Refined sugars hold. cut loaf 6.85, crushed 6.75, mould A 6.40, cubes 6.20, powder variants 6.10 to 6.05, fine e 5.95, diamond A 5.95, collectors A 5. No. 1 8.70.
In Savannah on January 7, turpentine firm figures show sales of 656 66 percent with receipts 172 and shipments 68, stock 15 855. Resin firm reports sales 1209 receipts 318 shipments 126 stock 76 105 with price quotes for AB to W. W. varying from 5.65 to 7.00.
New York reports copper prices advancing as supply remains tight. A February quotation of 24 5/8 cents per pound was noted, with scarcity cited as the primary driver behind the rise from prior estimates.
New York metal markets list Lead at 5.90 with no quoted spelter Copper steady electrolytics ranged 23.75 to 24.25 Tron prices for various No 1 and No 2 southern and northern grades Tin quiet with spot at 42.00 per unit
New York stock session opens with gains as United States Steel attracts large early blocks around 86 1 2, while oil shares move irregularly and fertilizers falter. Improved tone in early afternoon lifts standard and specialty issues, with steel leading the rise and Anglo French five percent quot ed at 95 1 2.
Texas ginners have handled 2,869,204 bales of cotton prior to December 13, down from 3,874,388 a year earlier. Bexar County shows 24,205 bales, vs 27,969 in the same period of 1914, per Census Directors Sam J. Harris.
London market notes list lead at 382 pounds sterling, Spetter at 90, spot copper at 87, futures at 8&7, electrolytic copper at 91, Spottin at 173, futures 174, and antimony at 125 pounds sterling. The figures appear in a historical ledger style with January dating.
Liverpool reports weekly cotton totals with 98 000 bales forwarded to mills of which 77 000 are American. Exports total 22 000 bales. The notes show American shipments at 556 000 bales and 84 000 bales with 49 000 American, reflecting the trade figures for the period.
M N Baker vice president of the American Exchange National Bank predicts gasoline at 40 cents per gallon and proportional prices for by products after a trip to Oklahoma oil fields. He cites reduced crude output as the cause and says the trade already feels the change. Old line oil firms are bidding 10 percent above market for future output. He warns American supply exhaustion is nearer than believed.
The Clyde liner Iroquois landed in New York with the captain and eighteen crew members of the British steamer Northmount. They were rescued after 26 hours in small boats following the December 18 sinking about 100 miles off Hatteras.
A new discovery in Spain reveals platinum reserves larger and richer than the Ural deposits, which supply about ninety percent of the world’s platinum.
New York on January 7 shows mercantile paper at 2 1/2 percent, sterling exchange for sixty-day bills at .71, demand 4.7544, cables 4.78. Guilders demand 44 1/2 percent, cables 45 percent. Bar silver 56 4 cents, Mexican dollars 43 1/4 cents. Government and railroad bonds steady to firm.
Time toans firm with 60 and 90 day loans at 2 percent, six months at 2 1/3 percent. Call money steady. high 2 percent, low 1 percent, ruling rate 2 percent. Last loan 2 percent, closing bid 1 percent, offered at 2 percent.
London reports bar silver at 26 1/2 percent per ounce with money rates at 4 44, discount rates for short bills and three months at 5 percent.
Marine intelligence from Galveston reports El Cid from New York under Br Liverpool with details incomplete. The brief item notes the vessel and director involvement in Atlantic traffic.
The Union Stock Yards report shows hog values rising across markets with a ten to eleven cent gain, Fort Worth sees hogs at seven dollars for the first time in months, San Antonio quotes top hogs at 6.75 and most sales between 6.00 and 6.50. Cattle stay firm though, with steers at 6.50 and general ranges from 5.50 to 6.00, cows 3.75 to 5.75, calves 6.90 to 7.50. Sheep and goats not offered.
In Fort Worth Texas on January 7 cattle receipts reached about 1000 with steady to active trade. Reeves and Hoge markets posted varied classes with calves sheep lambs and goats priced. beef cattle averaged several dollars per head across stockers cows heifers bulls and calves while hogs and lambs showed mixed values and untested market for sheep today.
Hogs receipts at 7000 with mixed prices from 5.76 to 8.75 for various cuts. Cattle receipts 2000 with native beef steers 6.50 to 9.50 and cows 6.19 to 15.40. Sheep receipts 15000 with lambs 8.00 to 10.40 and weth ers 6.90 to 7.50.
Hogs receipts steady with bulk at 6.60 to 6.95. heavy 6.80 to 6.95. pigs 5.25 to 6.42. Cattle receipts 300 steady. prime fed steers 8.59 to 9.00. dressed beef steers 4.80 to 4.25. southern steers 5.50 to 6.75. cows 4.00 to 7.00. heifers 5.75 to 9.00. stockers 5.50 to 8. Sheep receipts 4000 higher. lambs 9.25 to 10.00. yearlings 7.50 to 9.50. wethers 6.50 to 7.25. ewes 6.00 to 6.60.
Hogs receipts 12000 higher. Pigs and lights 6.00 to 7.26, mixed and butchers 7.05 to 7.30, good heavy 7.20 to 7.30. Cattle receipts 1600 steady. Native beef steers 7.50 to 9.50, yearling steers and heifers 8.59 to 9.35, cows 5.50 to 7.00, stockers 5.00 to 7.25, Texas and Indian steers 5.25 to 8.50, cows and 4.00 to 6.50, native calves 6.40 to 6.50. Sheep receipts 600 higher. Yearlings wethers 7.50 to 8.75, lambs 8.00 to 10.25, ewes 6.00 to 6.75.
New Orleans on January 7 reports rough rice quiet and clean, with quotations unchanged. Receipts totaled 1153 rough for millers at 7 to 8, while sales moved 3884 pockets of clean Honduras at 2 and a half to 41 and three quarters cents per pound.
Wheat turned lower as Seaboard congestion and weak export talk weighed on futures. British dealers offered deep discounts while Argentine vessel rates rose and Australian shipments remain moderate, keeping prices down despite brief recoveries. Corn and oats followed with mixed early strength and later declines, while commissions supported buying and packers pressured provisions.
San Antonio grain buyers paid today for delivered grain Wheat Texas 50 cents per bushel, northern 1.31 per bushel. Corn Texas No 2 69 cents, northern No 2 mixed 72 cents. Oats Texas red 46 cents bulk, 46.5 cents sacks. Northern white 52 cents bulk, 54 cents sacks. Oklahoma prices same as Texas.
San Antonio Texas January 7 local l acking house quotations to dealers today. Dry salt extras 12 1 2e bacon extras. We dry salt bellies 14 18 pound average 14c fancy breakfast bacon 28c fancy hams 19c bacon bellies 14 16 pound average 16 1 2c. Pure lard lle compound 10c.
Quotation report from St. Louis dated Jan 7 shows No 2 red wheat at 1281.30 per unit, No 2 hard nominal, corn No 2 at 11%? per unit, No 2 white 112ec, oats No 2 at 48 48%c and No 2 white nominal.
Kansas City on January 7 reports wheat futures with No 2 hard 1.14 to 1.18 dollars, No 2 red 1.20 to 1.25, No 2 mixed and white grades listed. Oats prices show No 2 white 43 to 44 cents and No 2 mixed 39 to 40 cents.
Kansas City grain futures closed with Wheat May 1.16% higher and July 1.10. Corn May 72.5 cents and July 73.4 cents. Oats May 46 cents.
Chicago grain quotations show Wheat No 2 red at 1.27 dollars, No 2 hard 1.22 1.23, Corn No 2 yellow old 0.764 0.765, Oats Standard 0.464 0.466, Barley at 0.64 0.78.
Tulsa banks show total deposits of 16,289,975.63, up 1,051,070 since November 10, 1915. The surge in crude oil prices is cited as the main driver of the region’s unprecedented prosperity.
Oklahoma City report shows cattle quantity around 500 and hogs about 2700 with steady trends. Top prices reach 6.90 for hogs and around 6.95 for cattle while average weights and local buyers like Jones Duncan Chickasha and Pool Chickasha are listed with limited Lot details.
Observations taken at 7 am Friday January 7 1916 from the U S Department of Agriculture. Wind speeds under 106 miles per hour and precipitation under .01 inch are not published. Forecaster Allen Buell notes the data. Sizable portion of text also contains unrelated literary excerpts.
Chinese cotton manufacturers with government aid plot to steady orders from China and reduce Japanese influence. Officials report Shanghai and Tientsin mills will receive 40 percent government capital with $700,000 in machinery already ordered from foreign suppliers.
An agent of the foreign and domestic commerce bureau reports that American manufacturers will operate under a carese superintendent who will direct the plant.
New York on January 7 reports cotton goods firm and less active trading. Yarns show firmness with strong inquiry for fine and medium counts. Cheap dress goods are in active demand for immediate and future delivery. Knit goods remain active.
New York coffee futures closed with firm tones as March contracts quoted at 7.04 and July at 7.24 in early trading. Prices reflect market sentiment for No Rio beans and pending supply data.
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