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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 11, 1916
Page
9
Spot cotton remained steady in the southern market while futures showed uncertainty. Traders noted uneven demand and cautious sentiment ahead of next week's market developments.
Liver pool acts as an active seller at the opening with prices down before houses with Liverpool connections bid heavily later. Southern spot markets stay firm, Texas centers report strong sales and exporters show hope for early resolution of freight rate issues while ocean rates and limited bottoms remain concerns. San Antonio buyers post 11.90 middling with no change from yesterday and about 50 cents per bale lower than last week.
Easier cables and higher ocean freight rates sparked early selling in New York cotton with March at 2.46 and May at 12.69. Liverpool and southern houses mixed buyers and sellers as late day quotes hovered 5 to 9 points under prior close.
New York January 11 cotton futures opened steady with January at 12.35 and March 12.57 May 12.78 July 12.91 and October 12.62. Futures closed 6 to 7 points lower. Early highs and later lows show fluctuating trading as prices ranged around the 12.3 to 13.4 area.
The eleven o'clock call notes Liverpool will open Wednesday with a one point lead. A terse New York call and late numbers show close scores and decimal entries, including 12.51 and 12.53, with a race time around 18.723 to 13.74.
In New Orleans on January 11 cotton priced with an easy undertone as cables were weak and offerings failed to entice buyers. By noon prices stayed near yesterday's close, with a 12 point spot rise stabilizing the market in the afternoon. At 1:30 p.m. the market showed a net loss of six points and closed steady down 3 to 6 points.
Futures opened quiet with listed contract prices for January March May July and October. Trading closed several points lower with unclear highs and lows noted, while several figures appear garbled but indicate current values around 12. with mixed letters and stray codes.
Liverpool on January 11 reports cotton spot prices easing with good middling at 8.544 and middling at 7.814. Sales reach 10 000 bales including speculation and export, while receipts total 40 000 bales.
The market shows steady prices across futures with January at 7.96 1/4 and November at 7.20. Other months range from 7.35 to 7.96 1/4, reflecting a quiet trading day as investors note slight adjustments in near and deferred months.
California lettuce and cauliflower dominate a well supplied market with wholesale prices at 2.75 and 1.75 per hamper. Texan greens arrive but California varieties hold preference despite higher costs. New potatoes green onions carrots and radishes plentiful. Cuba supplies tomatoes at 3.50 per six basket crate to retailers.
A wholesale market list catalogues prices to retailers for fruits vegetables and canned goods. Items include potatoes tomatoes cabbage green beans celery peppers cranberries lettuce lemons limes oranges grapefruits coconuts and dried fruits with prices by crate bushel dozen and per hundredweight for Texas California Florida and Colorado sources. Also listed are canned meats fish rice coffee flour and seeds with per unit and per ton pricing and notes on national and regional suppliers.
At Union Stock Yards on Jan 11, cattle, hogs, and calves moved higher with buyers optimistic about winter profits. San Antonio reported cattle to 6.76, cows from 5.50 to 6.75, calves up to 7, hogs topping 6.75, and Fort Worth paying 6.90 for packing hogs as demand remains keen. Sheep and goats were not reported.
Fort Worth stock prices show cattle receipts around 3000 with steady ranges for Reeves cattle stockers and cows. Hog receipts also near 3000 with price gains, while sheep numbers total 1000 with lambs yearlings and wethers priced between 6.25 and 9.25 dollars.
Chicago market notes show receipts for hogs at 5 000 with steady demand and mixed to heavy classes ranging from 5.25 to 7.00, cattle receipts 5 000 with steady prices for native steers, western cattle, cows and calves, and sheep receipts 20 000 with steady trades for wethers and lambs.
Receipts total five figures across hogs, cattle, and sheep with hogs at 29 000 and cash quotes higher. Prime fed steers reach 8.50 to 9.00 while dressed remains 6 75 to 8 25. cows and heifers vary between 4 00 and 5 900. Sheep show market strength with lambs 9 25 to 10 10 and yearlings 7 75 to 8 75.
In St Louis on January 11 receipts and bids showed hogs 16 500 with a steady to strong market and prices from 6.00 to 6.95. Cattle receipts 5200 with steady values. native beef steers 7.50 to 9.50, yearling stockers 5.00 to 7.25, cows 5.50 to 7.60, Texas Oklahoma steers 5.25 to 8.50, calves 6.00 to 10.50. Sheep receipts 2009 with steady market. yearling wethers 7.50 to 8.75, lambs 9.00 to 10.25, owes 6.00 to 6.75.
Oklahoma City cattle sales showed 1200 head active with hogs at 3790 lots and steady to $0.10 higher, top at $7.45 for cattle and $6.90 for hogs. 600 sheep and lambs steady with lambs up to $9.25. Notable buyers include Copeland and Sullivan of Cashion, and Schultz and McHerman of Okemah with varied weights and prices.
Kansas City January convention of the Western Retail Implement Vehicle and Hardware Dealers Association prepared to hear a proposal to shorten farm credits and a committee report on the rise in sisal twine prices.
Secretary Houston warns fertilizers will be scarce and costly. Potash supplies are exhausted in the United States and no immediate substitutes are ready. Kelp, alunite, feldspar and Searles Lake mud are being explored, with kelp seen as best but production slow. Nitrogenous fertilizers will be available but overall farmer relief remains limited. The department urges conservation, proper crop rotation, and lime use.
New York reports a tight cotton goods market with rising values and reduced supply. Notices indicate price hikes across prints, percales, staple tickings, and ginghams, while demand for plain weaves remains strong and mills push higher rates.
Indianapolis dispatch reports national league of commission merchants opening in Indianapolis with a reception tonight. The four day convention continues tomorrow with sessions and meetings. Most delegates depart Saturday morning on a special train to Memphis for the Western Fruit Jobbers Association convention next week.
In New York on Janu 11 staples prints and percales held value after a 1 cent rise. Cotton goods markets showed strength with yarns and knit goods remaining firm.
Wholesale prices to the trade Tuesday show Sages steady and Texas country candled at 27 28 cents for storage at 23 24. Butter firm with Texas creamery at 32 33 cents per pound and Transfurmas creamery at 26e. Common country and packing stock at 16 11c. Poultry firm with hens per dozen 4.00 to 5.50, friers 3.00 to 4.50, broilers 2.00 to 3.50, turkeys 15 to 16 cents per pound, ducks per dozen 4.50 to 5.50, geese 7.00 to 19.06 per dozen, rabbits per dozen 1.00 to 1.50.
Quotation figures show Rutter Creamery at 33 1/3 cents for firsts 31 cents for seconds 29 cents for packing 1 1/2 cents. Eggs listed firsts 21 cents seconds 20 cents. Poultry prices include hens 18 cents turkeys in lie. Springs 13 cents.
Chicago traders reported butter prices steady to higher with creamery at 23 30 cents, 29 29 1/2 cents for firsts, 28 28 1/2 cents for ordinary firsts. Potatoes down as receipts reached 37 cars. Live poultry prices fell with fowls at 16 5/? cents, springs 11 1/2 cents, turkeys 18 cents. Flourish in dairy and grain markets noted across Michigan Wisconsin Minnesota and Dakota.
New Orleans reports a quiet rice market with rough and clean grades steady. Receipts listed as rough 4286 and millers 4286, clean 205, with sales of 718 pockets clean. Quotations show rough Honduras 2.10 per 100 pounds, Japan 2.70 to 3.04, clean Honduras 4.13 to 4.60, rice polish per ton 25.00 to 26.00, bran 15.00 to 16.00.
State Treasurer J. M. Edwards announced a call for all treasury warrants through No. 20,700 and all Special and pension warrants through No. 1,000. The action makes payable all general revenue warrants issued to date totaling about 478000 dollars, with expectations of cash basis operation later this week due to strong tax collections.
In a light exchange Bill and Jill discuss brevity as the soul of wit noting English spelling and humor in English usage. They reference humor and Statesmen while joking about cross language quirks.
The opening session shows declines from small fractions to over a point on moderate volume. Anglo French bonds sold, war shares weaken after midday while United States Steel slips to 85 percent. Texas cotton ginned December 1915 falls to 104,715 bales from 171,741 in 1914.
New York Jan 11 The unfilled tonnage of United States Steel Corporation on December 31 totaled 7 806 220 tons up 616 731 from November The figure marks the largest total since January 31 1913 Foreign inquiries remained strong though contracts closed totaled about 40 000 tons Railroads ordered 10 0 tons of rails and received specs for 50 000 tons for St Louis & San Francisco and the Southern Railroad Orders were placed for more than 2000 cars and twenty two locomotives Structural steel activity continued.
New York reports cotton seed oil closing strong with spot at 8.85 dollars. Futures listed for January to August range from 8.89 to 9.02 dollars, with total sales of 17 800 units.
Providence January 11 The jury in the trial of Mrs Elizabeth F Mohr and two Negro defendants Cecil V Brown and Henry H Spellman listened to a brief prosecution outline before visiting the murder scene of Dr C Franklin Mohr murdered August 31 1915. The state alleges Mrs Mohr hired the men to kill the physician and his secretary Miss Emily G Barker. George Healis has pleaded guilty to manslaughter and may testify.
New York on January 11 lists mercantile paper at 3 1/2 percent. Sterling rates show 0 day bills at 4.71 percent and demand and cables at 4.76. Guilders demand and cables at 0.44. Silver and Mexican dollars quoted at 56 1/2 and 4 3/4 cents respectively. Government bonds are easy while railroad bonds show irregular activity.
New York reports time loans at 60 days 2 percent for 90 days 2 percent and six months 3 percent. Call money remains steady with 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 cents per ounce and money at 41 44 4 percent. Discount rates listed as short bills 5 percent and three months 6 1 2 percent.
New York lead at 5.90 with spelter not quoted. London zinc prices show lead at £31 and spelter at £90, copper steady at £23.75, iron steady, tin bid at $41.50.
Galveston reports arrivals including Medina EF Mundo El Pasé Cerrito Barrios Berwindmoor and Havana. Sailed items include El Dia Topila Tampico Director Cranmore Liverpool. Also notes Jan 11 arrivals La Fayette Bordeaux and Montserrat Cadiz.
New York sugar quotes show steady movement with centrifugal at 4.83 4.52 and molasses sugar at 3.56 3.75. Refined sugar declines about 20 points while various forms such as cut loaf 6.65 and cubes 6.00 reflect softer demand.
Savannah market roundup shows turpentine steady at 56 with 77 receipts and 46 shipments leaving 22 666 in stock. Resin also steady with prices listed for multiple grades, receipts 1 265 shipments 6 786 and stock 195 333 amid varied quotations.
Observations recorded at 7 a m Tuesday January 11 1916. Wind under ten miles per hour and precipitation under .01 inch are not published. Allen Buell local forecaster reports the data.
Chicago trading closes with Wheat May around 1.26 and July near 1.18 as foreign selling fears ease and European buying shows strength. Canadian wheat export through Minneapolis and rising freight rates spur gains while corn and oats follow with firm finishes and provisions rise on lighter hog receipts.
San Antonio Grain reports carrot buyers paid Texas and northern prices for wheat corn and oats. Wheat priced at 1.36 dollars per bushel in Texas and 1.31 in the north. Corn No 3 in Texas and No 2 mixed in the north. Oats Texas red and northern white offered in bulk and sacks with varying cents per bushel. Oklahoma prices align with Texas values.
The notice lists buying prices for meat products including dry salt extras at 7 and 12 cents per pound, bacon extras at 12 cents, dry salt bellies 138 Xc, fancy breakfast bacon, fancy hams, bacon bellies 19 cents, 14 16 pound averages, lard compound at 16 cents, and a 10 percent allowance.
Chicago quotations show No 2 red wheat at 1.23 and 1.264, No 2 hard at 1.21, corn No 2 yellow not fully listed, oats standard at 46 percent, barter around 64 to 77 cents. Prices reflect early trading shifts with limited detail on volumes or exchanges.
Quotations today show Wheat No 2 red and No 2 hard at nominal values. Corn prices listed include No 2 at 73 cents and No 2 white at 18 cents per bushel with further notes on other varieties and dates.
Kansas City quotation day lists grain prices with wheat No 2 hard at 1.14 to 1.18 dollars and red at 1.20 to 1.25, corn No 2 mixed and white at 0.43 to 0.44 dollars, with No 2 white 0.43 to 0.44 and No 2 mixed at 0.39 to 0.94 dollars.
In Kansas City trading the May wheat contract closed at 1.17 and May corn at 84 4. On May oats the price was 47 1/2 cents. The report records a snapshot of commodity prices for the day.
Fragmentary text hints at a local feature in Bungtown with a mention of a paper image or caricature. No clear names, dates, or organizations are readable to identify the event or subject beyond the vague reference to a city piece.
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