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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 13, 1916
Page
11
Texas crop season ends as freight blockades add pressure on cotton shipments. Analysts note disrupted trade routes and mounting costs as growers face tighter markets and lower bids. The situation compounds existing supply chain woes across the industry.
Freight blockade on major railroads plus cold Texas weather push down futures while spot prices hold. Texas ginning shows 104,715 bales in December 1915, down 67,032 from 1914. most of the crop gathered. Prices at San Antonio compresses list strict conditions with low to good middling grades around 10.50 to 11.00.
The cotton market opened steady with a 6 point to 2 point range gain and March at 12.59, May 12.81, July 12.94. Quiet trading followed the call as prices drifted lower to about 12.51 for March and 12.74 for May amid Liverpool cables and Wall Street pressure.
New York prices show January at 12.38 and March at 12.538 with May 12.81 and July 12.94, October 12.70. Futures closed 2 to 9 points lower amid a murky session with unclear highs and lows.
An 11 o'clock update notes Liverpool is due to open Friday with a slim advantage over rivals. The report provides a terse market call and cites late trades around 12.50 to 12.73 and 12.48 to 12.69, indicating minor fluctuations.
In New Orleans on January 13 the cotton market rose briefly by 3.4 points on better cables but demand waned and prices fell. After half an hour values were unchanged from yesterday’s close amid rumors of an eastern rail freight embargo. By noon prices were about 6 points under yesterday’s last quotes.
Cotton futures in New Orleans opened steady with January at 12.11, March 12.40, May 12.70, July 12.86, and October 12.61. Later trading closed 2 to 9 points lower with mixed minor figures and unclear end values due to corrupt text.
Spot cotton remains steady with good middling at 8.53d, middling 8.204d, and low middling 7.80d. Sales reach 12,000 bales, including 11,090 for export and speculation. no receipts reported.
Liverpool reports futures prices across month-to-month contracts with values ranging from 7.90 to 7.15 in decimal points. The data lists January through December futures, including January-February and June-July spreads, reflecting a steady trading scene in the Liverpool market.
New York trading on January 13 reports cotton email closing firm. Spot bid at 8.90 dollars. January to August futures listed from 8.95 49.00 for January to 9.20 for August, with total sales at 26,509. Strong demand underscored by multiple month quotes.
Wholesale prices to the trade Thursday show eggs steady with Texas candled at 27 28 cents storage 23 24 cents. Butter firm with Texas creamery at 23 30 cents per pound and Watfurrias creamery at 3 cents per pound. Common country and packing stock 16 17 cents. Poultry prices firm hens per dozen 4.00 5.50, friers 3.00 4.50, broilers 2.00 3.50, turkeys 15 16 cents per pound, ducks 4.50 5.50 per pound.
The Leyland liner Huronian, built in Glasgow in 1915, 475 feet long and 8766 gross tons, sailing from Galveston to Liverpool, was torpedoed December 29 off the Irish coast. It was towed into port with damage reported but cause unspecified. The voyage began December 12 from Galveston, near the Lusitania and Arabic sinking area.
Captain Edward P. Jones of the Medical Corps U S A and three Coast Artillery privates drowned when the government boat J B 16 was struck and sunk by the steamer Charles T Harwood in the Galveston Channel this morning. Captain Jones’s body was recovered but the privates remain missing. Private Braun survived as the sole escapee. Jones had arrived at Fort Crockett recently. his home was Louisville Kentucky.
At a January meeting the Texas state board of education purchased $209 820 in school bonds for the permanent fund and ordered $33 200 paid on prior bonds. State aid under the rural school law amounted to 150 000 to districts with 350 000 remaining of 600 000 for the year. Vocational aid to high schools for agriculture domestic science and manual training totaled 16 750. The session was delayed until governor’s return.
A Berlin conference among ministers foreshadows creating two major bodies to buy all live stock offered in Germany. One group will include breeders and dealers, the other municipalities and consumer representatives, both under national government supervision. The plan aims to curb speculative price rises, with price fixing deemed infeasible.
Observations taken at 7 a m Thursday January 13 1916 indicate temperatures near zero and light wind under ten miles per hour. Precipitation below .01 inch is noted as not measurable.
Irregular gains and losses marked today's opening in a light turnover. United States Steel led activity with blocks of 1666 1900 and 2500 shares around 85 85 to 86. Mexican Petroleum and American Smelting weighed on Mexo issues while war stocks trended down.
Trading in Mexican money in San Antonio on Thursday shows bids and asks for silver pesos and various bank notes. The report lists rates for silver pesos, half pesos, state and national bank notes, Bank of London and Mexico, and Carranza money with percentages ranging from 5% to 38 1/2%.
New York January 18 mercantile paper at 3.3 percent. Sterling exchange notes 64 day bills at 4.71 percent and demand at 4.76 percent. Cables in Guilders show 44 percent demand and 44 percent cables. Bar silver at 56 1/2 cents. Mexican dollars at 44 percent. Government and railroad bonds hold steady.
The report notes time rates holding steady with 60 days at 2 percent, six months at 2 percent, and a closing bid near 1.5 to 2 percent. High rates hover around 2 percent, with several small variations across money market instruments.
Quotations list butter at 83 1 2 cents with firsts 31 cents seconds 29 cents packing 18 cents. Wires and sourings priced at 80 cents. Eggs, turkey, and springs noted with small price marks.
The 1915 foreign commerce record shows exports rising sharply as Europe’s war demands boost U S supplies. Foodstuffs boom and manufacturing exports surge while Europe imports more from the United States. analysts urge American manufacturers and exporters to capitalize for future growth and global recovery.
Cold temperatures boost egg market outlook while current supplies remain liberal as cold storages shrink. Wholesale egg quotations hover around 25 to 26 cents per dozen amid abundant hens. Freeze damages to local cabbage and tender vegetables suggest early crop losses and uncertain yield.
Farmers report little ground produce available and grocery prices mostly steady. Sugar remains firm, coffee shows strength, and corn products trend upward. Cold weather boosts meat demand as packers and wholesale butchers say business improves with winter. retailers keep prices unchanged from early week.
Seed dealers anticipate strong spring demand as prices rise across all seed types. A shift toward diversification last year boosted garden seed usage and signals broader market activity this season.
The Pecan Valley District Farmers' Union will hold its annual convention in San Angelo Texas January 20 21 22 with about 400 delegates from five Texas districts. A strong program includes several out-of-state speakers. The San Angelo Board of City Development invites all Farmers Union of Texas members to attend.
From New York market notes dated January 13 Coffee futures remain steady with March at 7.05 and July at 7.25 as traders watch supply and demand dynamics in the commodities column.
Chicago wheat prices surged to fresh 1915 highs as freezing risk in the winter belt and expected lower on ship hull stocks boosted futures. May and July contracts rose before closing uncertain as English demand and farm stocks eyed, while corn moved with wheat and hog returns aided provisions.
San Antonio grain buyers paid varied prices Thursday for different commodities. Wheat ranged around 1.3 dollars per bushel in Texas and 1.99 dollars in the north. Corn included Texas No. 3 at 69 cents and northern mixed and white varieties around 78 cents. Oats showed Texas red at 46 cents in bulk and 40 cents in sacks, with northern white in sacks at 64 cents. Oklahoma prices followed Texas.
Quotations for packing house products include rye salt extras at 1244¢, bacon extras 12¢, dry salt bellies averaging 14 to 16 pounds at 14¢, fancy breakfast bacon 28¢, fancy hams 19¢, bacon bellies 14 to 16 pounds at 16¢, and pure lard at 11 1⁄2¢ with compound lard at 1¢.
Kansas City market report lists quotes for January 13 with wheat prices for No 2 hard and red, corn No 2 mixed and white, and oats No 2 white and mixed, showing bid and ask ranges. This brief reflects early 20th century commodity trading in the Midwest.
In Kansas City on January 18 grain values ended with Wheat May at 1.18 dollars and July at 1.13 dollars. Corn May 0.79 dollars, July 0.76 dollars. Oats May 0.48 dollars.
Quotations today show wheat No 2 red and No 2 hard at 1.24 to 1.25 per bushel, corn No 2 yellow quoted nominal, oats standard at 48 to 49 cents, barley around 65 to 80 cents as markets open in Chicago.
Quotations listed for wheat corn and date futures in St. Louis. No. 2 red wheat at 1.32 to 1.38 dollars, corn No. 2 at 75 to 76 cents, date No. 2 around 46 to 48 cents.
Galveston dispatch lists arrivals including Comal and E Valle from New York along with Niels P. Finsen and Civita Vechbia. Sailed: Corinto. Barrios departed on the Nor vessel Barrios.
A humorous exchange as a census man asks if the lady is unmarried. She blushes and replies she has never been married. The snippet appears in the Ladies' Home Journal with a San Antonio price notation.
In a clipped Washington remark a self described writer jokes about his status noting he is no hack but a jitney. The exchange centers on literary identity with a wry tone.
In Uvalde on January 11 at 4 pm at the home of Mr and Mrs F M Getgendaner A M McAfee and Marguerite Calfee were wed. McAfee a UT graduate and Columbia PhD, a Gulf Refining Company chemist and inventor of the aluminum chloride oil treatment, plans now to supervise plant construction at Port Arthur. Calfee is a UT BA MA and Bryn Mawr student who was UT assistant registrar until resigning in November.
H N Pope president of the Texas Farmers Union with Senator Sheppard met President Wilson in Washington to push a plan to ship one million bales of cotton to Germany via Rotterdam in American ships and to obtain protection against British seizure. Senator Sheppard said Wilson pledged to help while cotton sits on British and German contraband lists. The farmers demand 27 cents a pound if German buyers would pay that rate. the current market price is 12 cents.
Johannes H. Van Koolbergen, also known as Count du Monceau, was indicted by the city and county grand jury on a charge of embezzling 247 from Baron George Wilhelm von Brincken, German consulate attache. He allegedly sold two mules taken from Von Brincken's Sunnyvale ranch and kept the proceeds while Von Brincken faces neutrality violation charges.
After a week long state conference the warehouse examiners inspectors and lecturers meet in Austin to push a year long campaign educating farmers on the Permanent Warehouse Law provisions and to organize marketing associations. Radford is chairman and Weinert outlines act aims aiding Texas farmers.
In the discussion on lucky signs the tradesman claims he believes seven governs luck. He notes seven letters in the word success and points to seven in failure as a sign, while a pessimist scoffs the idea.
Receipts at Union Stock Yards Fort Worth Jan 13 show 38 cattle 68 calves 57 horses with most stock sold direct and markets nationwide stronger. Hog values jumped to a top $7.15 in Texas, San Antonio hogs bringing $6.75, while steers ranged 6 to 8.50, cows 5.50 to 5.75 and calves 6 to 7 with no sheep or seat stock traded.
Fort Worth Tex January 19 cattle receipts 1500 market one cent higher bee ves six fifty to seven fifty stockers three seventy five to seven cows three twenty five to six fifty heifers four fifty to seven fifty bulls four twenty five to four thirty five calves eighty four to seven fifty hogs receipts twenty five hundred market eight cents up bulk six ninety five to seven ten heavy seven ten to eight ten mediums seven oh to seven ten mixed six ninety to seven ten lights eight thirty to six ninety common six thirty five to six thirty five pigs four fifty to six seventy five sheep receipts none market steady lambs seven fifty to nine twenty five yearlings seven twenty eight to eight twenty five wethers six fifty to six seventy five ewes three fifty to five goa ts two fifty to four twenty
Kansas City on January 13 reported hog receipts of 5000 with market higher. Bulk hogs 36 757.00 and heavy 7.05 per hundredweight. Cattle receipts 2000 with prime fed steers at 8 509.00 and dressed bee steers 6.80 8.25. Sheep receipts 3000 with lambs at 10.00 17.60 and yearlings 8.25. Wethers 6.50 7.50 and ewes 6.25 7.00.
On January 13 Chicago reports strong livestock demand. Receipts include hogs about 4,000 with bulk near 7.15 to 7.45, cattle around 5,000 with native steers 6.50 to 9.80 and cows 3.20 to 8.50, and sheep about 10,600 with wethers 7.10 to 7.75 and lambs 8.10 to 10.60.
In St Louis on January 13, receipts totaled 7500 hogs with higher markets. Hog prices ranged with good heavy at 7.50 and other totals listed. Cattle receipts about 2000 with native beef steers and heifers around 7.50 to 8.50 for different grades, cows and calves in the 4 to 7 dollar range. Sheep receipts 2000 with yearling wethers around 7.59 and lambs near 9 to 10 dollars.
Market chatter shows refined sugar steady amid firmer futures as trade activity lifts noon quotes. Prices advance across March to July as buyers push for higher levels, with values noted around several points above opening bids and sales tallied in the hundreds.
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