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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 09, 1916
Page
8
The Weather Bureau reports elevated cotton prices in the local market with contracts gaining 75 cents. This indicates strong demand and a buoyant market outlook for growers and traders in the region.
California onions jump to 75 cents per hundred pounds on the quotation card reaching a season high of 3 dollars. Demand remains strong with limited local supply and expectations of further price increases as Texas crops delay movement. Beans, navys, and seed potatoes show firmer prices. apples gain with holiday demand. Weather data notes mild to warm day with low rainfall. Allen Buell, Local Forecaster Weather Bureau.
Cotton commanded 18 cents and better in Southern spot markets with middling at 1 and 2/3 cents per pound locally. Freight constraints and limited ship space curb export movement while British demand shows signs of revival amid reports of government freight limits and higher ocean rates. Local prices at San Antonio compresses ranged around 12.12 to 12.80 cents for various grades.
Cotton futures in New York closed with gains of 12 to 15 points from last week as markets show strength. New Orleans quotes for the week ranged 16 to 11 points higher with notable advances in several contracts.
The Liverpool cotton market on January 8 shows spot grades at 8.514 for good middling and 18d for middling while low middling sits at 7.744. Sales reach 6000 bales with 1000 bales for receipts and 1000 bales allocated to speculation and export.
The document lists monthly futures figures for Liverpool Lead with rates such as 7.96 for January and 7.72 for July August. Several entries are garbled or missing data including Oct-Nov and Nov-Dec. Futures status shows unset.
Foreign exports of cotton fell to 73 000 bales for the week ending Friday, the smallest movement in months amid ship space shortages. Secretary Henry Hester of the New Orleans Cotton Exchange cites weak foreign port shipments compared with 279 600 bales last year and 245 000 bales for the same week in 1914, with further declines seen in domestic takings and world supply as mills and spinners adjust to tight ship capacity.
Wholesale prices to retailers list numerous produce items by region and unit. Potatoes Colorado at 2.00 2.25 per hundredweight. tomatoes Texas per 4-basket crate. California and other regions show varied crate and per hundredweight quotes. Cabbage Texas 1.40 1.50 per hundredweight. green beans Texas 1.78. celery California per dozen 0.60. lettuce California 3.00 per crate. cranberries barrels 10.00. strawberries Texas 5.50 6.00 per 24 pint crate. apples Colorado Jonathans 1.75 1.86 per box. bananas 3.00 per hundredweight. oranges Florida 3.26 per box. lemons California 3.75 per box.
The seven dollar hog appears in Texas livestock markets as the week’s notable development. Fort Worth paid the high price, while San Antonio buyers capped at 6.75. Cattle held steady with steers up to 6.50, cows 5.00 to 5.75, calves 6.00 to 7.00. Sheep and goats scarce. Kansas Supreme Court outlawed railroads stopping cattle en route to test markets, affecting Oklahoma and Southwestern Kansas shipments to Central Kansas.
Fort Worth Texas January 8 cattle receipts 260 market steady beef cattle prices 6.50 to 7.50 stockers 5.50 to 6.50 cows 3.25 to 6.60 heifers 5.00 to 7.50 calves 4.00 to 8.50 hogs receipts 1400 market five cents down bulk 6.70 to 6.85 heavy 6.85 to 6.99 mixed 6.75 to 6.80 nights 6.65 to 6.75 pigs 4.50 to 5.60 sheep receipts none market steady lambs 8.25 to 9.35 yearlings 7.50 to 8.20 wethers 6.25 to 6.75 owes 5.75 to 6.50 culls 3.60 to 5.00
CHICAGO Jan 8 hog receipts 37000 bulk 6.70 7.0 light 6.50 6. 5 mixed 6.65 7.10 heavy 6.65 7.5 rough 6.70 6.80 pigs 5.50 cattle receipts 400 steady native beef steers 6.30 9.50 western steers 6.26 8.10 cows and heifers 3.10 8.40 calves 7.00 10.76 sheep receipts 1000 steady western sheep 6.90 7.50 lambs 8.00 10.40
Hogs receipts 10500 with prices from 6.00 to 7.15 per cwt for various grades. Cattle receipts 400 with steady demand and price ranges from 4.00 to 9.50 for native steers, cows, yearlings, and calves. Sheep receipts 100 with yearling wethers and ewes priced around 6.00 to 10.25.
Hog receipts 200 head. bulk 6.60 6.85 heavy 6.80 6.90 light 6.55 6.75 pigs 5.25 6.25. Cattle receipts 106. prime fed steers 8.50 9.00 dressed beef steers 6.76 8.25 southern steers 5.50 6.75 cows 4.00 7.00 heifers 5.75 9.00 stockers 5.50 8.00. Sheep receipts 500. lambs 9.25 10.10 yearlings 7.75 8.75 wethers 6.50 7.25 ewes 6.00 6.75.
New York metals report shows copper for electrolytic at 23.75 to 24.25. Iron prices hold steady with no change indicated.
Kansas City price notes list butter and eyes with firsts seconds and packing figures, plus poultry reads for turkeys. Includes creamery butter at 33 cents, firsts 27 cents, seconds 20 and poultry springs at 13 cents.
January 8 reported steady prices for raw sugar with centrifugal at 4.45 to 4.58, and molasses at 3.65 to 3.81. Refined sugar also steady with cuts like loaf 6.85, crushed 6.75, mould A 6.40, cubes 6.20, and various powdered forms from 6.10 to 6.95. No. 1 at 65.70.
Quotations list for wheat corn and oats in Kansas City on January 8. Wheat No 2 hard 1.13 to 1.16, No 2 red 1.19 to 1.25. Corn No 2 mixed 69 cents, No 2 white 69. Oats No 2 white 48 to 44 cents, No 2 mixed 33 to 40 cents.
The Bradstreet Mercantile Agency forecasts 1916 will hinge on war duration and peace timing. A strong U.S. merchant marine, expanding shipyards, and robust exports could drive growth, though wartime loans and postwar adjustments loom as key risks.
Markets report from San Antonio lists eggs steady with Texas candied at 29 210c storage 28 24c. Butter firm at Texas creamery 32 330 per pound and Talfurrias 36c per pound. Poultry prices show hens 4.00 5.50 per dozen friers 3.00 4.50 broilers 2.00 3.50 turkeys 15 116c per pound ducks 4.50 5.60 per dozen geese 7.00 19.66 per dozen rabbits 0.75 to 1.00 per dozen.
Chicago market report shows butter prices eased with receipts of 55 738 cases and 27 to 28 cents for firsts. Eggs averaged 26 34 27 cents with 22 27 4c per case. Potatoes receipts at 42 cars. Minnesota and Dakota white potatoes quoted 90 95 cents, mixed varieties 85 90 cents. Poultry alive and fowls 18 cents, springs 13 cents, turkeys 18 cents.
Quotations list from Kansas City markets shows creamery 33c firsts 1c, seconds 2 %, packing 19c. Keys firsts 28 44c, seconds 20c. Poultry prices show hens 11c, turkeys 15c, springs 1c.
Quotations for butter unsettled with creamery at 28 30e. Eggs lower with receipts of 2776 cases and rets 27 28e, ordinary firsts 26 44 27c at mark. Potatoes unsettled with 18 cars from Michigan Wisconsin Minnesota and North Dakota at 1.00 1.05 for white. Poultry alive unchanged.
Wall Street reports a busy January start with substantial gains in some issues followed by heavy liquidation in war munition oils and other specialties. Public reaction to Chairman Gary of United States Steel sparked declines, while recoveries appeared on news of Washington's stance on the Lusitania dispute. Sterling rose, marks and kronen fell, and copper reached 24.14 cents amid wage gains in steel and iron and strong railroad earnings for November.
On January 8 in New York mercantile paper stands at 8 percent. Sterling exchange sees sixty day bills at 4.71, demand 4.76, cables 4.76. Builders demand 45, cables 45. Rear silver at 46 cents, Mexican dollars 43 and a fraction. Government bonds hold steady while railroad bonds show irregular movement.
Savannah market data show outer turpentine at 66 56 percent with 321 receipts and 117 shipments, stock 22 666. Resin firm reports 667 sales, 361 shipments, stock 165 333. Quotations list multiple buyers with prices from 5.80 to 7.60 per unit.
YORK Jan 8 Coffee futures show steady trading with No 7 at 7 percent. March contracts quoted at 7.16 and July at 7.36 as the market steadies.
Local forecaster Allen Buels notes wind under ten miles per hour and precipitation under .01 inch are not published. The page includes a quip about improving sight and a Pittsburg Post remark about affairs.
New Year opens with strong domestic finances and abundant funds for major projects. Reports from R G Dun & Co note record production and distribution at high prices, forward contracts rising, and inventories surpassing expectations despite few exceptions. Weekly bank clearings are listed at 4.509 trillion dollars.
The New York clearing house reports a week’s reserve rise of 7.87 million dollars, lifting total bank reserves to 153.82 million above required levels. Loans increase to 8.262 billion. vault reserves rise. Federal Reserve reserves up. net deposits rise. aggregate reserve hits 727.43 million with excess 138.82 million.
Quotations for wheat corn oats and barley from Chicago show No 2 red at 1.22 per bushel, No 2 yellow corn nominal, oats standard at 46 cents, and barley at 78 to 64 cents.
In New Orleans the market showed a quiet tone for rough rice with steady clean rice. Receipts were 1208 rough and 7208 cleaned, with 2949 pockets of clean Honduras and 400 pockets of Japan priced around 34 1/2 cents.
Chicago markets show wheat near season highs with a week of gains though selling rose on the climbs. Corn and oats also advanced, while provisions climbed 7 to 20 points though pork and lard led gains. Reports cite higher Minneapolis stocks and rail congestion hindering prompt movement.
San Antonio grain buyers posted prices for futures day Wheat Texas 1.20 per bushel Northern 1.31 per bushel. Copra Texas No 3 69 cents Northern No 2 mixed 59 cents Northern white 73 cents per bushel. Oats Texas red 46 cents per bushel in bull 46 cents in sacks 45 cents Northern white in bull 50 cents sacks. Oklahoma prices mirror Texas.
Quotations show dry salt extras at 4 cents and bacon at 12 to 13 cents per pound. Salt bellies range 14 to 16 pounds average while fancy breakfast bacon lists at 14 to 16 pounds average. Ham and bacon belly prices cited. pure jard ile compound noted.
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