Export Situation Brightens as Covton Price Rises
Export conditions improve as Covton prices advance and the market for Southern spots remains firm. The report notes firmer pricing and steadier demand across key regions.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 07, 1916
Page
13
Cotton Market News Mixed as New York Rate Boost Seen
Reports from New York that Britain fixed a two cent per pound rate on cotton to English ports buoyed export sentiment. Southern spot markets looked bullish with brisk demand from mills and exporters and some belts reporting actual shortages. San Antonio paid around 11.90 for cotton delivery at the local compresses.
MENTIONED IN THIS ARTICLE
San Antonio
Houston
Galveston
Cotton Exchange
New York
Atlantic
South
New York Cotton Opens Steady As Liverpool Nervous
The cotton market opened steady with advances of 8 to 7 points as Liverpool firmed. March moved to 12.57, May 12.77, July 12.92, but Liverpool showed nervous, irregular trading and local selling pulled prices back. A late morning rally followed on improved spot demand and coverage.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Cotton futures open steady with varied month prices
New York commodity report shows cotton futures steady at session open with January at 12.25 March 12.65 May 12.75 July 12.94 and October around 12.86 to 12.25. Trading notes include unsettled highs and lows and miscellaneous market figures.
MENTIONED IN THIS ARTICLE
New York
New Orleans Cotton Opens Steady Then Edges Lower
New Orleans cotton opened steady with call prices up one to three points on cables. Liquidation pulled prices down three to five points from yesterday's close, then a British rate report provided afternoon support, leaving prices about four points above yesterday's last quotations by 1 20 p.m. The market stayed quiet but steady, with Towart showing a net decline of seven points.
MENTIONED IN THIS ARTICLE
New Orleans
England
Towart
Cotton market steadies with March futures at 12.237
New Orleans cotton closes firmer with January at 2.16, March 12.237, May 12.64, July 2.82, October 12.45. Futures up as high as 9 points, with daily ranges and final quotes partially obscured.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool Cottons Market Summary
Liverram Rottan Liverpool notes good middling and low middling prices with 8.564 and 7.780. Sales reach 16 900 bales with speculation and export. Receipts total 4 060 bales.
MENTIONED IN THIS ARTICLE
Liverpool
Jen
J.—Catten
Nat Waster
Futures irregular: January through December quotes
Liverpool markets report irregular futures with multiple month pairings and varying prices. The data lists January through next January contracts from 7.95 to 7.22 percent, showing shifts across term pairs.
Cotton seed market closes lower in New York trading
New York on January 7 reports cotton seed trading ease with spot at 7.83 dollars and futures in the 8.70 to 8.88 dollar range for several months. Total sales reach 9,000 pounds.
MENTIONED IN THIS ARTICLE
New York
Oranges Scarce and Prices Tending Higher in Holiday Demand
Holiday demand for oranges remains strong with prices rising though holiday shipments kept pace. Apple and banana supplies are abundant while oranges and higher priced fruits are hard to obtain. California supplies neared exhaustion amid large scale movement and steady packing house prices. Grain prices in San Antonio are stationary.
MENTIONED IN THIS ARTICLE
California
San Antonio
Wholesale Market Report from San Antonio Texas
Markets show eggs steady with Texas candied 29 30c and storage 28 14c. Butter firm at 38c per pound. Poultry firm with hens 4.00 to 5.50 per dozen and friers 2.99 to 4.50. turkeys 15 to 16c per pound. ducks 4.50 to 5.50 per dozen. geese 7.00 to 10.06 per dozen. rabbits 0.75 to 1.00 per dozen.
MENTIONED IN THIS ARTICLE
San Antonio
Tex
Texas
Texas Creamery
Salfurrias Creamery
Market quotes from Chicago as of January seventh
Quotations show butter and eggs easing with receipts of 5573 cases. Firsts 28 27c, ordinary firsts 21c, eggs at mark. Potatoes down with 42 car receipts. Minnesota and Dakota white 90 95c, Ohio 864 90c. Poultry alive lower with fowls 18c, springs 18c, turkeys 158c.
MENTIONED IN THIS ARTICLE
Chicago
Til
Minnesota
Dakota
Dakota-Ohio
Market Quotation Summary from Kansas City
In Kansas City on January 7 the market reported butter at 33 cents for creamery firsts 31 cents seconds 29 cents packing 19 cents. Eggs flats 26 thirds 20 cents. Poultry hens 10 percent? lic turkeys 15 cents springs 2 cents.
MENTIONED IN THIS ARTICLE
Kansas City
Raw sugar and refined prices steady in New York market
Raw sugar remains steady with centrifugal at 4.45 44.58 and molasses at 3.68 3.81. Refined goods hold firm led by cut loaf 6.85 and diamonds 5.95, with various grades listed including powdered and No. 1 at 5.70.
MENTIONED IN THIS ARTICLE
New York
Turpentine and Resin Trade Totals Reported in Savannah
Turpentine firm shows 56 561%4 in sales 72 receipts 68 shipments 13 stock 15 865. Resin firm records 1209 sales 318 receipts 126 shipments 76 105 stock. Quoted prices AB to H range 5.75 to 6.50 with various figures 5.80 5.90 7.00 and W. G. 67.26 7.80 for listed items.
MENTIONED IN THIS ARTICLE
Savannah
W. G
W. W
Copper price nears 25 cents per pound forecast
New York reports copper prices moving toward the 25 cent per pound level seen as likely by trade authorities. electrolytic copper for February delivery quoted around 24 1/2 cents amid tight supply conditions.
MENTIONED IN THIS ARTICLE
New York
Metal markets report New York Jan 7 prices
Lead quoted at 8.90 with copper firm and electrolytic at 23.75 to 24.25. Tin steady at spot 42 bid. Tron firm with No 1 northern 20.25 to 20.75, No 2 19.75 to 20.26. No 1 southern 20.00 to 20.50, No 2 19.75 to 20.25. Spelter not quoted.
MENTIONED IN THIS ARTICLE
New York
Northern
Southern
American Car &Foundry
American Tobacco
Anaconda
Atlantic Coast Line Ee
Baltimore & Ohio
Bethlehem Steel Ee
Brooklyn Mane Transit
Canadian Paci
Chesapeake & Ohio
Consolidated Gas
Crucibie Steel
General Electric
Great Northern Pfd
Great Northern Ore
Ctfe
Tllinois Central
Interborough Congo Corp
Tint Mere Marine Ptd
Eevee
Kansas City
Fouthern Ee
Louisville
Nashville
Ee Ee
Myers Eee
Lorillard Company Liggett
Mexican Petroleum
Kan
Southern Pacific
Wreners Railway
Hbr
State
Aker Corporation
Cénnesces Copper
Union Pacific
United States Rubber Eee
Weeee & Fe
United States Steel
Caro
Chem
Tron, Coal & Coke Eee
Wabash Pfd
Ctfs
Western Union
Westinghouse Electric Ee
United Fruit
London Market Prices Report January 7
Lead at 82 pounds sterling 158. Spelter 0 pounds sterling. Copper spot 87 pounds sterling 1a, futures 87 pounds sterling 10s. Electrolytic 91 pounds sterling. Spot 173 pounds sterling 108, futures pounds sterling. Antimony 125 pounds sterling.
MENTIONED IN THIS ARTICLE
London
Weekly cotton statistics from Liverpool market
Liverpool on January 7 reports weekly cotton figures with totals: 93 000 bales forwarded to mills, 77 000 American, 829 000 total bales, 556 000 American, imports 84 000 bales with 49 000 American, and exports 22 000 bales.
MENTIONED IN THIS ARTICLE
Liverpool
Gasoline to 40 Cents as Oil Output Drops
M. N. Baker vice president of the American Exchange National Bank predicts gasoline price to fall to 40 cents per gallon with proportional cuts for by products. He cites reduced crude output from Oklahoma fields as the cause and notes old line oil firms bidding 10 percent above future market prices. Baker says American supply exhaustion is nearer than commonly believed.
MENTIONED IN THIS ARTICLE
Dallas
Tex
M. N. Baker
American Exchange National Bank
Oklahoma Oil Fields
Mr Baker
Rescued Northmount Crew Reaches New York
The Clyde liner Iroquois arrived in New York with the captain and eighteen crew members of the British steamer Northmount. The ship foundered December 18 about 100 miles off Hatteras. The rescued crew drifted in small boats for 26 hours before being saved.
MENTIONED IN THIS ARTICLE
New York
Hatteras
Platinum Deposits Found Richer Than Ural Mines in Spain
A report claims Spain has platinum deposits of greater extent and richness than those of the Ural mountains, potentially supplying a significant share of the world’s supply.
MENTIONED IN THIS ARTICLE
Ural Mountains
Spain
Steel Leads Stock Market On Lively Price Ascension
New York reports a feverish market with United States Steel leading gains as initial sales reach 1000 to 2000 shares at about 86 86. Agricultural Chemical and preferred share groups rally while Mexican Petroleum rises and California Petroleum dips. Steel extends gains into afternoon trading with Standard stocks and fives like Anglo-French firm.
MENTIONED IN THIS ARTICLE
New York
United States Steel
Agricultural Chemical
Mexican Petroleum
California Petroleum
Taille
General Motors
Texas Ginners Report Cotton Bale Totals
Cotton ginned in Texas before December 13 totaled 2,869,204 bales, down from 3,874,388 a year earlier. Bexar County produced 24,265 bales versus 27,969 in the prior period, according to Census Directors Sam J. Harris.
MENTIONED IN THIS ARTICLE
Texas
Bexar County
Sam J. Harris
Steady Improvement Evident in Hogs on Markets
Hog prices show continued gains across major markets with steady demand supporting fresh highs. Buyers report improved prices and hopeful trends as bulk sales resume in regional and national exchanges.
Mexican money trading quotes in San Antonio report
Trading in Mexican money in San Antonio Friday showed bids and asks for various notes. State bank notes at 8, National Bank notes at 17, Bank of London and Mexico at 17, Carranza money around 4 percent.
MENTIONED IN THIS ARTICLE
San Antonio
Cbs
Bank of London
Mexico
Carranza Money
Mercantile and currency rates report tensions in early markets
New York financial notes report mercantile paper at 3 72% with sterling exchange for sixty day bills at 4.71 and demand 4.7544. Cables at 4.78. Guilders demand 44% and cables 45%. Bar silver at 56% and Mexican dollars at 43% c. Government bonds and railroad bonds described as firm.
MENTIONED IN THIS ARTICLE
New York
Mercantile Paper
Sterling Exchange
Saat
Time loans rates in New York money market cited
Time loans firm quotes 60 and 90 days at 2 percent, six months at 2 3/4 percent. Call money steady with high and low at 2 percent and 1 percent respectively. Ruling rate 2 percent. last loan 2 1/2 percent. closing bid and offered at 2 percent and 2 percent.
MENTIONED IN THIS ARTICLE
New York
London Money Market Summary
London on January 7 shows bar silver at 26 1/2 cents per ounce and Money at 4 44/ percent. Discount rates for short bills and three months are listed.
MENTIONED IN THIS ARTICLE
London
Marine Intelligence Galveston Telex Brief
Marine intelligence from Galveston dated January 7 reports Elcid, New York, as director with Br Liverpool referenced in terse telegram phrasing.
MENTIONED IN THIS ARTICLE
Galveston
Ter
Cid
New York
Liverpool
Hog prices rise across major markets boosting shippers
Union Stock Yards reports steady to higher hog values with a $7 hog seen in Fort Worth for the first time in months. San Antonio quotes top hogs at $6.75, most lots selling $6.00 to $6.50 as demand remains broad and supply tight. Cattle hold steady with steers $5.59 to $6.00, cows $4.50 to $5.75, calves $6.00 to $7.00. sheep and goats unavailable.
MENTIONED IN THIS ARTICLE
Union Stock Yards
Fort Worth
San Antonio
Fort Worth Cattle Prices and Receipts Report
Fort Worth Texas January 7 cattle market receipts total about 1000 with Reeves and Hoge listings across cattle categories. Prices span stockers cows heifers bulls calves and pigs with sheep and goats also priced and market noted as steady to up slightly.
Chicago Livestock Prices Hold Steady Across Receipts
Hogs receipts 47 000 slow and unchanged with bulk 6 85 to 7 10 and various classes listed. Cattle receipts 2 000 steady featuring native calves bids from 5 80 to 9 50 for steers and 6 19 5 40 for cows and heifers. Sheep receipts 15 000 weak with lambs 8 00 to 10 40 and weights 6 90 to 7 50 for wethers.
MENTIONED IN THIS ARTICLE
Chicago
Kansas City Market Report Hogs Cattle Sheep Prices
Kansas City market notes dated January 7 show hog receipts around 7000 with prices mostly steady. bulk hogs 6.60 to 7.06, heavy 6.80 to 6.95, pigs 5.25 to 6.25. Cattle receipts about 300 with prime fed steers 8.59 to 9.00, dressed beef steers 4.80 to 8.25, southern steers 5.40 to 6.75, cows 4.00 to 7.00, heifers 5.75 to 9.00, stockers 5.50 to 8.90. Sheep receipts 4000 higher with lambs 9.25 to 10.00, yearlings 7.50 to 9.50, ewes 6.00 to 6.60.
MENTIONED IN THIS ARTICLE
Fort Worth
Tex
Reeves
Kansas City
Helfers
Stockers
Sheen
Hogs and cattle receipts mix at St Louis market
St Louis market reports 12 000 hog receipts with higher prices across hog categories. Cattle receipts around 1400 show steady demand with native beef steers 7.50 to 9.50, yearlings and heifers 8.59 to 9.35, cows 5.50 to 7.00, stockers 5.00 to 7.25. Sheep receipts are listed with yearlings and lambs priced 7.50 to 10.25 and ewes 6.00 to 6.75.
MENTIONED IN THIS ARTICLE
ST. Louis
Cattis
Rice market quiet with steady quotations in New Orleans
New Orleans January 7 rough rice traded quiet with unchanged bids and offers. Receipts totaled 1153 rough and 788 millers. Sales reached 3884 pockets of Honduras rough rice at about 4 1 2 cents per pound.
MENTIONED IN THIS ARTICLE
New Orleans
Honduras
Wheat Declines Amid Seaboard Congestion and Weak Export Signals
Wheat prices eased despite brief recoveries as Seaboard congestion weighed on markets. British re sales at cut prices contrasted with rising Argentina vessel rates and moderate Australian shipments. May to July futures slid, corn showed initial strength then mixed with wheat. Oats mirrored corn while commissions supported buying and packers dampened provisions.
MENTIONED IN THIS ARTICLE
Chicago
Atlantic
Seaboard
Grain prices in San Antonio on January seventh
Carlots buyers reported grain prices in San Antonio Texas today. Wheat sold at 1.8 cents per bushel for Texas and 1.31 cents for northern. Corn ranged from 69 cents a bushel for Texas No. 3 to 72 cents for northern No. 2 mixed. Oats in bulk 46 cents per bushel, sacks 4 cents, northern white in bulk 64 cents, Oklahoma prices align with Texas.
MENTIONED IN THIS ARTICLE
San Antonio
Tex
San Artonio
Texas
Oklahoma
Local meat prices in San Antonio market report
San Antonio prices show dry salt and bacon goods advancing with bacon extras at 13 to 28 cents per pound ranges. Dry salt, bacon, lard and hams are listed with varying per pound quotes and weights as of January 7.
MENTIONED IN THIS ARTICLE
San Antonio
Tex
Grain market quotes from St. Louis on January 7
Quotations listed for wheat corn and oats in St. Louis with prices for No 2 red wheat No 2 hard No 2 corn and No 2 oats. Figures include No 2 red wheat at 1.28 to 1.30 and corn at 71 1/2 to 72 1/2 cents per bushel with oats around 48 48 1/2 cents per bushel.
MENTIONED IN THIS ARTICLE
ST. Louis
Market Quotations for Wheat and Oats in Kansas City
Quotations show No. 2 hard wheat at 1.14 to 1.18, No. 2 red at 1.20 to 1.26, No. 2 mixed and white grades listed with fractional cents. Oats feed grades No. 2 white traded 48 44 to 0.40s and No. 2 mixed at 39 to 0.40.
MENTIONED IN THIS ARTICLE
Kansas City
Grain futures close with mixed gains across wheat corn
Grain futures closed in Kansas City with Wheat May at 1.16 percent and July at 1.10 percent gains. Corn May 72 1/2 cents and July 73 1/4 cents. Oats May 46 1/2 cents.
MENTIONED IN THIS ARTICLE
Kansas City
Markets show mixed grain prices in Chicago report
Quotations indicate Wheat at No 2 red near 1.27 dollars, Corn No 2 yellow old around 76 cents, Oats standard around 46 cents, and Barley around 64 to 78 cents. The figures reflect the day’s Chicago market activity.
MENTIONED IN THIS ARTICLE
Chicago
Tulsa Bank Deposits Rise Amid Oil Prosperity
Tulsa deposits totalled 16 289 975 63 dollars, up 1 051 070 from November 10 1915. Analysts credit surging crude oil prices for an unprecedented wave of prosperity in the region.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
Oklahoma market report on cattle hogs and pool prices
Oklahoma City market summary shows cattle at 500 head steady and hogs at 2700 steady with top price $6.90 and bulk $6.65. Averaged weights and sales totals listed for Jones Duncan Ons and Chickasha pool with prices around $6.85 to $7.00.
MENTIONED IN THIS ARTICLE
Oklahoma City
Okla
Price
Jones
Duncan
Chickasha
Wicoee
Weather Bulletin Issued by Agriculture Department
Observations from 7 a m Friday January 7 1916 note wind under 10 mph and precip under .01 inch not published. Allen Buell focal Forecaster. BelleJack joke and Nell dialogue unrelated to weather.
MENTIONED IN THIS ARTICLE
Allen Buell
Focal Forecaster
Chinese mills plan push to take Japanese cotton trade in China
Chinese cotton manufacturers with government aid map a bold bid to wrest Japan’s hold on China’s cotton goods and yarns. China has subscribed 40 percent of capital for two mills in Shanghai and Tien Tsin and ordered $700,000 worth of machinery.
MENTIONED IN THIS ARTICLE
Washington, D. c
China
Japan
India
Shanghai
Tien Tsin
American Manufacturers to be Directed by Foreign Commerce Bureau
American manufacturers through an agent of the foreign and domestic commerce bureau of the Department of Commerce will be supervised by American superintendents who will direct the plant.
MENTIONED IN THIS ARTICLE
Foreign and Domestic Commerce Bureau
Department of Commerce
New York Day Cotton Goods Firm with Active Knit Market
Cotton goods were firm and less active today with yarns showing firm prices and good inquiry for fine and medium counts. Cheap dress goods showed active demand for immediate and future delivery while knit goods remained active in New York market reporting January 7.
MENTIONED IN THIS ARTICLE
New York
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Department of Agriculture Weather Bureau
Jai
Iobof
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U. S&s. Department OF Agriculture Weather Bulletin
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