Cotton Touches The 12 Cent Mark In Local Market
Cotton prices reach 12 cents in the local market with expectations of higher futures. Traders watch demand and weather as prices hold steady amid tentative gains.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 08, 1916
Page
6
Cotton prices reach 12 cents in the local market with expectations of higher futures. Traders watch demand and weather as prices hold steady amid tentative gains.
Daily quotations from leading cotton markets show middling grade values. San Antonio sales reach 12.50 with 1,542 lots. Boston and New Orleans quote around 12.59 to 12.60 with hundreds to thousands of bales traded.
Spot cotton sold in San Antonio at 12 cents per pound on middling basis, matching season high. Several hundred bales were reported sold for next week, with southern markets firm and futures slightly higher. British freight talks and stock declines in Liverpool influence prices, while Dallas denied rate cuts but brokers expect possible import steps. Prices at local compresses showed steady to modest advances across grades, with strict middling around 12 cents and lower grades near 9.66 to 10.46 cents.
Easier Liverpool advices give way to liquidation at the open as January through May contracts quote lower to higher. Rumors of British ship requisitions steady prices briefly, with March, May and July lifting toward late session levels as new crop positions firm.
New York cotton futures show January at 12.28, March 4.54, May 12.80, July 12.95 with October silent. Futures closed one point higher with variable highs and lows, reflecting active trading and access figures for March and related contracts.
Liverpool cotton market shows spot easier with good middling at 8.184 and low middling at 7.744 cents. Sales total 6000 bales with 1000 bales for speculation and export. Receipts recorded 1000 bales.
A fragmented OCR snippet lists monthly and bi monthly rate figures with inconsistent labels. Futures are indicated as unset. No clear entities or definite events are present.
Fragmented price quotes show a York market ledger with dollar figures for various items and a reported 10,700 tierces sold. Details include multiple bid and ask values and irregular abbreviations, making precise items and dates uncertain.
Chicago quotations show unsettled ranges for creamery butter at 27 to 28 cents with firsts and ordinary firsts around 26 to 29 cents per pound. Receipts total 7,776 cases with 18 cars from Michigan Wisconsin Minnesota and nearby states. Minnesota and Dakota area notes $1.05 to $1.90 per unit.
In Kansas City market reports turkey and poultry prices show varied figures with firsts at 31c and 27c for firsts and seconds 24c, turkeys listed at 13c for springs, reflecting small price shifts amid holiday demand.
Pea York January 8 coffee futures show steady margins with March at 7.16 and July at 7.36, reflecting a muted market tone as traders wait for further cues. The brief price levels suggest limited volatility as sentiment remains cautious.
Acting under imperial orders the government prohibits wool exports to neutral countries. The premier hopes to obtain permission to ship wool at recent sales.
Fort Worth Texas cattle and hog prices show a steady tone. Receipts include 260 cattle and 1400 hogs with hogs down five cents. bulk sales at 6.70 to 6.85 per unit and various hog categories listed. Sheep receipts zero with lambs at 8.25 to 9.35 and other sheep figures shown.
Chicago market report shows hogs receipts 37 000 slow and lower with bulk 6.70 to 7.05 and pigs 5.50 to 6.60. Cattle receipts 400 steady with native beef steers 6.30 to 9.50 and western steers 6.25 to 8.10, cows and heifers 3.10 to 8.40, calves 7.00 to 10.75. Sheep receipts 1 000 steady with weth ers 6.90 to 7.50 and lambs 8.00 to 10.40.
Hogs receipts 10500 lower with prices from 6.00 to 7.15 for various loads. Cattle receipts 400 steady with native beef steers 7.50 to 9.50, yearlings 8.50 to 9.35, cows 5.50 to 7.00, Texas and Indian steers 5.25 to 8.50, calves 6.00 to 10.50. Sheep receipts 100 steady with yearling wethers 7.50 to 8.78, lambs 9.00 to 10.25, ewes 6.00 to 6.75.
Kansas City cattle hogs and sheep receipts reported steady demand. Hogs bulk 6.60 to 6.85, heavy 6.80 to 6.90, light 6.55 to 6.75, pigs 5.25 to 6.25. Prime fed steers 8.50 to 9.00, dressed beef steers 6.75 to 8.25, cows 4.00 to 7.00, heifers 5.75 to 9.00, stockers 5.50 to 8.00. Sheep receipts 500, lambs 9.25 to 10.10, yearlings 7.75 to 8.75, wethers 6.50 to 7.25, ewes 6.00 to 6.75.
Markets show eggs steady. Texas candied storage at 29 24c per unit. Butter firm with Texas creamery at 82 33c per pound. Hens steady at 4.00 5.50 per dozen. friers 3.90 4.50. turkeys 15 ise per pound. ducks 4.50 5.50 per dozen. geese 7.00 19.06 per dozen. rabbits 0.75 1.00 per dozen.
Quotations today show butter down with creamery at 22 14 31/2 cents, eggs down with 5573 cases received and firsts 27 14 to 28 cents, ordinary firsts 26 1/2 cents. Potatoes drop as 42 cars arrive with Minnesota and Dakota whites at 90 to 95 cents and mixed at 85 to 90 cents. Poultry markets ease alive with fowls 13 cents, springs 13 cents, turkeys 18 cents.
Quotations from Kansas City show butter at 33 cents for creamery, 31 for firsts, 29 for seconds. packing at 19. Eggs list firsts at 24 and a fraction cents, seconds at 2 cents. Poultry prices: hens 10 1/2 cents, turkeys 15 cents, springs 12 cents.
Raw sugar steady with centrifugal at 4.45 4.58 and molasses at 3.68 3.81. Refined grades also steady with cut loaf 6.85, crushed 6.75, mould A 6.40, cubes 6.20 and powdered grades from 6.10 to 5.70 depending on quality.
In New York on January 8 8 the cotton goods market remained firm with colored cotton goods continuing to rise irregularly. Wool and knit goods and yarns held firm as well.
In New Orleans rough rice held a quiet tone while the clean grade stayed steady. Receipts were 7298 rough and 7208 millers, with 725 clean. Sales totaled 3949 pockets clean Honduras at 2 4 c and 400 pockets Japan at 3 c.
Savannah market notes show turpentine at 56 56 percent with no sales, receipts 321, shipments 117, stock 22 666. Resin firm reports sales 667, receipts 1966, shipments 361, stocks 105 333. Quotations list several letters with prices from 5.85 to 6.95 and other figures.
The Louisville and Nashville Railroad Company notes a December revenue increase of 917,188 over December 1914, with November up 1,035,650 over the prior year. July 1 to December 31 1915 revenues exceed the 1914 six months by 2,320,335.
The report lists stock figures for cotton with 1,786,327 bales for the current day, up from 1,627,263 bales a year ago. An excess of 186,130 bales is noted for the season, indicating increased stock levels compared with the previous period.
Precipitation yesterday measured .02 inch, normal for the day .96 inch. Daily deficiency .02 inch. Total since January 1 .35 inch, January 1 deficiency .05 inch.
The New York market opened with gains as investors bet on a quick resolution with Germany. United States Steel led a broad advance with traction in Mexican Petroleum American Can and Anaconda Copper while rails and war stocks also firmed. Bethlehem Steel rose to 440 and Anglo-French war bonds climbed to 95.
London reports the British government will alter its purchase prices daily under the securities mobilization plan. A new list issued today shows thirty five changes from yesterday's figures.
Trading in Mexican money in San Antonio on Saturday showed bid and asked quotations. Notable notes include State bank notes at .0008 7 percent, National Bank notes at .17 17 percent, Bank of London and Mexico at .3 17 percent, and Carranza money at .bu 7.
In New York metal markets copper shows firm electrolytic prices at 25.75 and 24.25. Iron remains unchanged as trading closes.
The Bradstreet Mercantile Agency reports 1915 mirrored a war driven boom with strong crop prices and war material demand. It highlights three movements: demand for staples, shift to war production with accessible labor, and a fall surge from foreign demand, gold imports, and a robust fall trade rebound.
Detective Sergeant John W. Burke of Chicago praises San Antonio climate while awaiting transfer of a white man arrested here on a Chicago warrant for auto theft. Burke plans to return the prisoner to Chicago that evening without habeas corpus action.
Publication of Hotel News relocates to San Antonio from Dallas. First issue to publish under new location, signaling a strategic shift for the magazine serving hotel industry.
The Hotel News editor R L Sanders moved the paper to San Antonio. Sanders, secretary of the Hotel Men's Association of Texas, says the January issue advocates the 1918 International Fair and features Homer D Mathews of the Rice Hotel Houston former St Anthony staff.
The New York clearing house banks and trust companies report a reserve excess of 153,822,260 dollars over legal requirements for the week, up 7,871,130 dollars from last week.
A French scientist employs two reflecting prisms to construct a microscope that presents a stereoscopic view of the object under examination. The device projects two slightly different images to each eye, enabling depth perception.
Chicago December grain notes show wheat down on Liverpool quotes and higher Minneapolis stocks. May and July futures edged lower before an upturn on suspected stronger seaboard sales, while corn fell then rallied with improving export prospects and weak hog futures adding little pressure.
San Antonio Grain Market reports wheat at 1.30 dollars per bushel in Texas district and 31 cents in the north. Corn lists Texas No. 3 at 69 cents, northern No. 2 mixed at 71 cents, northern white 78 cents. Oats Texas red 46 cents in bulk or 40 cents in sacks, northern white in bulk 40 cents in sacks, Oklahoma prices match Texas.
Saturday quotations list dry salt products with 12 1 2 percent bacon extras 18 1 2 percent dry salt bellies at 14 to 16 pound average 14 1 2 percent fancy breakfast bacon 28 cents fancy hams 19 cents bacon bellies 14 to 16 pound average 16 1 2 percent pure jard lic compound 10 cents
ST. LOUIS reports quotes on January 8 with wheat at 1.29 for No 2 red and No 2 hard nominal. Corn bids No 2 and No 2 white at 71 1 2 cents. Oats No 2 at 44 cents and No 2 white nominal.
Quotations show No 2 hard wheat at 1.13 to 1.16 dollars per bushel and No 2 red at 1.19 to 1.25. Corn includes No 2 mixed at 69 cents and No 2 white at 69 69 percent. Oats list No 2 white at 43 to 44 cents and No 2 mixed at 9 40 cents.
Mercantile paper sits at 3 percent with sterling bills for sixty days at 4.71 and demand 4.76. Cables show 4.76. Guilders steady at 45. Bar silver at 56 4.5 cents and Mexican dollars at 43 1/2 cents. Government bonds hold while railroad bonds move irregularly.
Beaumont Texas January 8 The Gulf Pipe Line Company announces a uniform advance of ten cents a barrel on crude petroleum in Texas and Louisiana fields.
Kansas City grain futures finish the session with Wheat May at 1.16 with July at 1.11, Corn May 0.738 and July 0.74, Oats May 0.46. Prices reflect quiet demand and steady trade across the grain pits.
Chicago quotations list grain prices with No 2 red wheat at 1.22 dollars No 2 hard wheat at 1.22 dollars No 2 yellow corn nominal Oats standard at 46 cents and barley at 68 to 78 cents.
Observations recorded at 7 am on Saturday January 8 1916 note wind under 10 mph and precipitation under .01 inch not published. Allen Buell local forecaster reports the data.
Colored houses sale advertisement notes a new three room cottage on Leigh Street South with sewer connections. Asking $700 with $100 cash and the balance monthly through Onness Realty Co.
$600 three room cottage in splendid condition offered by Connell Realty Co. Easy terms and $100 cash handbill included. Exc. Agta.
A mixed listing shows classified rates for insertions and a dense timetable for the Santa Fe and Sunset routes. It includes prices per word, timing rules, and detailed train arrivals and departures from Del Rio, San Antonio, New Orleans, San Francisco, and Corpus Christi.
All classified advertising orders to run indefinitely must be in writing. No ads accepted over the telephone. Discontinuation orders must be in writing and not by telephone. A stop receipt is issued when four indefinite run ads are ordered discontinued.
The notice warns readers that The Light will be responsible for only one incorrect insertion of any classified advertisement.
Combined guaranteed circulation over 140000 daily and 170000 on Sundays across Dallas Times Herald Fort Worth Star Telegram El Paso Herald Houston Chronicle and San Antonio Light. A 20 word ad in all five papers costs 1 on weekdays or 3.20 for three insertions including one Sunday. Sunday copy due noon Thursday.
A dense timetable lists multiple rail services with departures and destinations including Laredo St Louis Hearne Santa Fe Houston Kerrville Waco Austin and Victoria. It notes Sunshine Special Katy Flyer Katy Limited Texas Special and Sunset Limited services with various departure times and routes across the Sunset Route and Main Line.
A compilation of 1915 1916 real estate deeds and transfers listing multiple buyers sellers and properties across San Antonio area. Transactions include Frank and Lina Reif to Henry C Witte, Amelia M Murphy quit claim, Wynne family to Nellie Kennerly, Ida Wynne release by C C Clamp, William ONeill to Kate ONeill, Klause to Lytle, Durham to Vance, Cocke to Kerr, Harris to Bradley, Fraser guardian to McGill, and others with parcels in Edgewood Meerscheidt Stieren subdivisions and Keystone Park among total values and notes.
M. J. Wobert seeks $8400 for store building on North street. Francis Smith proposes $500 for alterations on West Commerce street. Eate A Shropshire lists repairs on Martin street for 00.
Birth notes list multiple new babies with parents and addresses. Boys include Ron d an, Guerra, Sanderson, Hall, Johnson, Osman. Girls include Crabb, Darion, Nonaco, Escoleda, Del Huerto, Meyer with respective birth dates and street addresses across several neighborhoods.
A partial list shows several license records including a 8359 Buick for Col. M W Ireland at Fort Sam Houston and 8360 Ford for H A Dosebbler at 1500 8 Presa Street plus 8362 Ford for Mrs Julia Ack at R No 1. ------------- 363 Ford for Toren Stewart CS as Avenue TD and 264 Ford for Bertha Earthman at 114 Wilkins Avenue. Also 8365 Saxon for R Ingram at 949 North Flores Street.
Martha Neal aged 68 died in January at Irvine Avenue. Emily Barbara Smedley aged 21 died January 7 at 914 Avenue B. Jesus Sefuentes aged 45 died January 6 at 903 El Paso Street.
The fragmentary text lists several couples and pairs, including H. M. Sacer with Mary Grammage, Tony G. Menner with Florence Babcock, Whitfield Scott Schreiner with Josephine Augusta Carr, and others. The incomplete lines suggest a society or notices page cataloging names and associations.
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