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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 17, 1916
Page
7
Trade reports show stronger export demand lifting cotton futures and spot prices. Market observers note higher activity in export channels boosting cotton values as buyers renew contracts and mills seek supplies.
The Texas market shows optimism with futures up five to seven points and spot cotton steady. Italian wartime actions prompted protests from Galveston and New Orleans against ship requisitions, while total US port shipments last week reached 159,156 bales. Buyers in San Antonio paid local compress prices Monday.
The New York cotton market opened steady with a 7.9 point advance on higher Liver pool cables but faced selling pressure from Wall Street and a tighter Central Europe blockade. March traded around 12.57 then 12.53, May fell from 12.79 to 12.74, and July from 12.90 to 12.86. Liverpool firmness supported some US buying, yet export concerns and quiet trade pressured prices later in the day, with March near 12.60 and May around 12.72.
In New York on January 17 cotton futures opened steady with January at 12.40 and October at 12.78. March 12.65 May 12.77 July 12.89. Futures closed 4 to 6 points higher indicating mixed day. notes include late figures and a Liverpool opening preview set for Tuesday.
The New Orleans cotton market rose seven points in the first half hour as Liverpool’s higher price supported futures. Weather along the belt was favorable and pessimism about exports plus tight ocean room for sale dampened gains. Noon prices held near Saturday’s close with spots steady into the afternoon, 1:30 p.m. showing a 3.3 point net advance.
The New Orleans cotton market opens steady with January and March prices listed around 12.39 and 12.68 respectively. Reports show closing up two points and activity noted for May and July contracts with varied high and low readings amid typographic noise.
Liverpool January cotton market shows good middling at 8.57 pence per pound and middling 8.244 pence. Sales reach 12 000 bales with 11 500 for export and speculation. Receipts total 3900 bales.
Liverpool futures point to mixed gains in January to December contracts with late readings around 7.4 to 8.0 percent while cotton seed prices in New York remain near $9 per unit and coffee futures edge lower for March and July.
Eggs moved from San Antonio by carload last week as buyers in the North offered 27 to 28 cents per dozen, while local wholesale prices were 26 to 27 cents and consumer eggs held at 30 cents. Cold weather curtails receipts and new vegetable supplies, with demand rising for staples like canned goods and flour.
Wholesale prices to the trade for Monday include Pega steady with Texas country candled at 27 to 28 cents and storage at 23 to 24 cents. Butter firm with Texas creamery at 32 to 33 cents per pound and Falfurrias at 36 cents. Poultry firm with hens $4.00 to $5.30 per dozen and friers $3.00 to $4.50, turkeys 15 to 16 cents per pound, ducks $1.50 to $5.50 per dozen, cheese $7 to $10 per dozen, rabbits 76 cents to $1 per dozen.
Chicago market prices show butter steady at 28 30 to 31 5 cents, egos higher with 2479 cases. creamery output and ordinary firsts around 31 to 32 cents. Potatoes steady with 46 car receipts. white Michigan Wisconsin Minnesota and Dakota priced at 1.00 to 1.10 per unit. Poultry alive prices rise with fowls and springs at 16 to 18 cents per pound.
Kansas City market report lists today’s quotes for dairy eggs and poultry. Butter creamery 31c firsts 20c seconds 27c packing 19c. Eggs firsts 29c seconds 20c. Poultry hens 12c turkeys 13c springs 13c.
Lead steady at 5.90 to 5.90. Copper firm around 24.00 to 24.50. Tin quiet at about 40.87. Electrolytic copper and North and South No 1 and No 2 prices shown with minor bid ranges.
The record shows lead futures at 86 15s, copper futures at 114, antimony at 126, Spottin at 173 15s, with other metals like spel er and viaerretys ce listed at lower figures. Prices indicate a volatile session with traders tracking futures and spot values.
In Galveston the word is that Spain has lifted its grain import duty. Confirmation is not yet solid, but well-informed shipping circles accept the report. Several grain cargoes have been booked for shipment to Spain in the coming weeks.
Texas railroads will instruct agents to refuse re consignments through freight when the shipper clearly seeks the benefit of the local rate combination. The through rate must be used, and defeating this would violate Interstate Commerce Commission rules.
Secretary Daniels announced a new policy requiring thorough lab testing of submarine batteries engines and parts before use. He seeks a million dollar appropriation to fund a dedicated testing laboratory to prevent future accidents like the E-2 incident. The E-2 board has not yet reported its findings. Miguel Diaz Lombardo refused to comment on El Paso deportation or the Santa Ysabel killings.
Waco Texas reports a cold wave lowering temperatures to 23 degrees this morning with a further drop overnight. A heavy sleet fall accompanied the frigid start, marking a wintry storm in the area.
Snow flurries and a temperature around 12 degrees above zero marked the weather in San Angelo as moderating conditions appeared today. The Baltimore American quotes a stage remark about an orator pacing before speaking, noting the preamble to his remarks.
In New York on January 17 the market opened higher with several speculative issues rising to new highs. International Nickel Bethlehem Steel American Can New York Air Brake and General Electric posted gains as investors chased select specialties like Central Leather National Lead and Marine preferred hit new records.
Trading in Mexican money in San Antonio Monday shows pesos and half pesos quoted. Buver prices for state bank notes and national bank notes appear alongside rates for Bank of London and Carranza money and other currencies.
New York reports time loan rates unchanged for 60 and 90 day terms at around 6 percent, with six month loans near 2 1/2 percent and a closing bill offering around 1 1/2 to 2 percent. Market observers note steadiness in the money market and consistent bidding across maturities.
A New York market listing shows raw sugar firm at 4334.58 and molasses at 3.56 with refined sugar loaf at 6.65 crushed 6.55 mould A 6.20 and cubes 46.00. Powdered 5.90 and fine granulated 5.75 with confectioners A 5.65 and No 1 5.50.
Denver hosts the National Horse Show and Western Stock Exposition starting today and running through the week, drawing participants and spectators from area farms and equestrian circles.
The Bureau of Foreign and Domestic Commerce reports a sharp drop in U S customs revenues in fiscal year 1916 due to the war reducing imports from Europe. Sugar tobacco and cotton products account for much of the decline, with sugar duties down 12 million and tobacco and alcohol duties also shrinking.
Hogs remain popular at Union Stock Yards and across markets today with prices rising five to eighteen cents per cwt. Fort Worth shows strong higher pork values while San Antonio holds steady. Cattle receipts include steers, cows, and calves with mixed but steady prices. goats move through local yards and mutton demand stays slack. Weather in Abilene reports 15 degrees above zero with icy streets slowing traffic.
Fort Worth TX cattle hogs and sheep market reports show cattle receipts around 3000 with steady tone and price ranges including bees at 6.50 to 7.50 and calves 4.50 to 8.50 while hogs exceed 170 head with bulk near 6.90 and heavy weights 6.10 to 7.10. Sheep receipts none or light with lambs and ewes priced up to 9.25 and 6.50 respectively and goats trading 2.50 to 4.25.
In St Louis on January 17 receipts and quotations show hogs 16000 head with higher market. pigs and lights 6007.25, mixed and butchers 7107.35, good heavy 7.29. Cattle receipts 4500 with steady market. native beef steers 7.50-9.50, yearling steers and heifers 8.50-9.25, cows 5.59-7.00, stockers and feeders 6.00-7.25, Texas Oklahoma steers 5.25-5.50, cows and heifers 4.00-6.50, native calves 60-16.50. Sheep receipts 1200, market steady. yearling wethers 8.00-9.95, lambs 9.00-10.65, ewes 6.25-7.25.
Chicago market report shows receipts of 75 000 hogs 22 000 cattle and 25 000 sheep. Hogs steady to firm with various weights and pork prices listed. Cattle firm with beef steers and cows and calves priced from 3 50 to 16 75. Sheep weak with wether and lamb ranges noted.
Kansas City reports strong hog receipts near 11 000 with bulk prices 6.80 to 7.10 and pigs at 6.00 to 6.50. Cattle receipts 13 000 with prime fed steers at 8.50 to 9.25 and cows 4.00 to 7.00. Sheep receipts 15 000 with lambs 9.75 to 10.65 and wethers 6.75 to 8.00. market overall softer for sheep.
Wheat opened higher on Liverpool inflation and new supply concerns but softened as heavy selling by leading firms emerged. Fresh cold snaps boosted expectations of winter crop damage and later a partial recovery lifted May and July prices. Corn, oats, and pork markets followed with mixed moves amid export and stock hints.
Carrot buyers paid follow prices for grain delivered in San Antonio Monday. Wheat Texas northern per bushel 1.36. Corn Texas No 3 per bushel 0.69. northern No 2 mixed 0.73. Oats Texas red per bushel in bulk 0.48. in sacks 0.44. northern white in bulk 0.44. in sacks 0.44. Oklahoma prices same as Texas.
Prices list various meat products including bacon extras dry bellies and fancy bacon with weights from 12 to 18 pounds. Lard and compound lard are quoted with per pound prices.
In Chicago today quotes show wheat at No 2 red 1.28 and No 2 hard around 1.23 to 1.24. Corn No 2 yellow is nominal. Oats and barley figures are incomplete in the contaminated OCR text.
Quotations were as follows today Wheat No 2 red 1343 No 2 hard nominal Corn No 2 white 74% Oats No 2 484 fi4h No 2 white 49 cents per bushel
W wil liam H. Furlong Jr former secretary of the San Antonio Automobile Club returns from a three weeks trip to Springfield Mass Boston and Portland Me He visited his parents in Baysfield for a week Overland Autovivory 216 Soledal St Cr 6100 and 4109 New 900 1c and 2 per hour.
In Kansas reads a garbled price list for various grains and corn. It shows headings for oats and corn with mixed and white varieties, including prices around $1.20 and 69 to 94 cents per unit, but the data is incomplete and inconsistent.
Grain futures in Kansas City closed with Wheat at 81.99 for March and 1.15 for July, Corn at Mev and July To'sec, and Oats at 48.c for May.
Daily cattle sale notes from Fort Worth Texas dated January 17 show average weights and prices. J M Stephens Brady Oklahoma and other sellers list steers and heifers with prices ranging from about 4.55 to 7.25 dollars per cwt. Cattle sold include steers from Stephenville and Brownsville and Brownsville area consignors in the mixed consignor sale.
Oklahoma City price report shows cattle steady to 10 cents higher and hogs up 1.40 dollars per hundredweight. Top hog price reaches 7.20, with several buyers listed from Lawton to Van Horn and Alton. Notable entries include 34 steers at 7.15 and 76 steers around 7.35 in quoted sales.
Observations recorded at 7 am on Monday January 17 1916. Low wind speeds and negligible precipitation not published. Allen Buell serves as Local Forecaster.
Satisfied customers recommend Red Swan Coffee to friends. Reinhard and Co Graduated Roasters offer Turkish Bath and Massage Parlors for ladies and gentlemen at 515 Na varro Street opposite St Anthony Hotel.
Fred Lambert, jitney driver, reports being held up at midnight Saturday by a white male passenger about 30 near TI and G depot. The robber used a pistol to force surrender of about $4 amid cemetery area. The notice also lists Boston Lunch and a church gathering at First Presbyterian with Wright-Laree congregations attending services.
Frank Wright led evening sermons on sin and mercy with many pledging to a new life. Evangelistic meetings are set for 3 p.m. and 7 45 p.m. daily this week. Wright to discuss The Love of God and Fitness for Heaven on upcoming sessions.
The orders list MAJORS Herbert Williams and Thomas Holliday receiving new assignments in 1914 and 1916 respectively. Williams moves to Inspector General duties in the Hawaiian Department, with reporting dates and reliefs noted. Holliday transfers to the Quartermaster Corps at Fort Meyer to oversee construction and depot duties, with related reporting and relocation specifics. The document also notes sergeant and warrant officer relocations from Fort Barry to Fort Michle and Fort Delaware and the reassignment of Captain Sturgis to Fort Royal.
The State Swine Breeders Association plans its January 18 and 19 convention in Seguin Texas. Governor Ferguson will speak as will J B Williams of Guadalupe County. President Hert will urge Texas to raise more hogs and O G Payne will discuss tenant and credit effects on hog production. Other topics include Texas experiment station work by Youngblood and tenant farmer meat production by Tom Mutden.
Washington reports the Interstate Commerce Commission ruled a thirteen cent per hundred pound difference on burlap import loads from New Orleans to Wallaghey unduly prejudicial to shippers of the domestic article. The commission prescribed a maximum difference of five cents per hundred pounds.
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