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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 18, 1916
Page
9
The market for cotton remains irregular with a generally firm undertone as prices hold despite some foreign selling pressure. Traders cite steady demand from mills and limited supply as factors supporting prices amidst global market volatility.
The Texas cotton market held comparatively firm despite easing New Orleans spot quotes while Liverpool demand remains strong abroad. San Antonio quotes show little change. October remains the favored futures month, with prices hovering around the strict mid and good middling ranges.
The New York cotton market opened with strong Liver pool cables failing to spark demand. Early prices ranged from three points lower to two points higher as March at 12.59 and May at 12.72 moved, with Liverpool buying giving some lift and local sellers covering. Old crop deliveries stayed near last night’s close, while new crop premiums showed growth on late deliveries.
New York trading shows January at 12.36 and March May July futures quoted around 12.72 12.85. October futures end up two points from session, with highs and lows varying and final figures obscured by garbled text.
Fragmentary report indicates Liverpool is due to open on Wednesday with an 11 o'clock call mentioned. Details are unclear due to garbled OCR.
New Orleans cotton opened unsettled with prices 1 to 2 points above yesterday then 1.2 points below as demand faltered. Early gains from good cables faded, with slight fluctuations through the morning. By afternoon, active months were about one point higher, closing steady to one point down to seven points up.
New Orleans cotton futures opened steady with January at 12.19 and March at 12.356. May 12.60 July 12.76 October 12.68 December 12.80. Closed generally one point down with various intraday quotes shown for highs and lows.
Spot cotton in Liverpool trends with good middling at 8.60d, middling 8.274, jaw middling 7.874. Sales reach 12,000 bales including 3,000 for speculation and export. receipts total 5,400 bales.
Futures in Liverpool steady with quotes for January at 8.05 pence and varied spreads through the year. December-January and January-February contracts show multiple slight shifts around 7.3 to 8.05 pence, reflecting a narrow trading band.
The tank seamer Texas from Port Arthur bound for Claymont ran aground in the Delaware River thirty two miles above a big city. A tug floated the oil laden vessel today and it reported no damage.
The freeze pushed string bean prices from 1.75 to 4.00 per bushel in San Antonio. Many produce houses offered little or no greenstuff. Cabbage caulifower and spinach survived best. Oats crop in Waring Texas suffered severe losses with about half killed. Old potatoes rose to 2.50 per hundredweight. New Texas potatoes hit hard with a bleak outlook.
Market notes show eggs steady with 27 to 28 cents for Texas country candled. Butter firm with Texans creamery at 38 cents per pound. Falfurrias creamery offers 86 cents per dozen trout. Poultry prices show various ranges for hens, fryers, and turkeys. rabbits quoted per dozen around 76 cents to 1 dollar.
Quotations for butter creamery and milk products rose as receipts reached 8775 cases. Prices: creamery 34 30s. ordinary firsts 31c. various cases 24 32e. Potatoes down with 27 cars received from Michigan Wisconsin Minnesota and Dakota. Poultry prices climbed with fowls 16c springs 16c turkeys 18c.
Quotations list regional prices for dairy eggs and poultry. Butter creamery 31c firsts 29c seconds 21c packing 19c. Eggs firsts 30c seconds 20c. Poultry hens 14c turkeys 17c springs 13c.
Hogs and sheep rise while cattle stay steady as market centers report firmer hog prices. Fort Worth hogs reach 7.40 a hundredweight, up 20 to 25 cents. San Antonio tops at 7 with mixed packing hogs. Cattle in San Antonio include 276 cows and 17 calves, steers 6 to 6.50, cows 5.60 to 6, calves 6 to 7 per hundredweight. Government cattle numbers show 3.4% more milch cows and 6.4% more other cattle but 1.6% fewer sheep. hogs up 5.3%.
The cotton seed oil market in New York closes strong with spot at 9.15, and futures for January through August quoted from 9.15 to 9.31. Total sales tally 27,200.
C H Powell general manager of the California Fruit Growers Exchange urged closer cooperation among producers jobbers retailers and consumers at the Western Fruit Jobbers convention in Memphis. He outlined orange market costs showing consumer dollars split among harvest packing selling freight and margins. Other speakers included C C Parlin of Philadelphia George Booser of Arkansas and T D Turner of Oklahoma.
Fort Worth market reports cattle receipts 2500 with varied prices across grades including Reeves six to seven dollars. hogs 2500 with bulk seven to eight dollars and ranges by weight. sheep receipts 350 with steady trends and ewes yearlings weth ers and goats listed with price spreads.
Chicago reporters note receipts of 25000 hogs with the market strong to higher. bulk 87.15 down to 7.40, pigs 5.75 to 6.85. Cattle receipts 5000 with a weak market. native beef steers 6.50 to 9.76, western steers 6.60 to 8.25, cows and heifers 3.20 to 8.40, calves 7.25 to 10.50. Sheep receipts 16000 and steady. wethers 7.25 to 7.75, lambs 8.26 to 10.75.
Chicago January 18 1915 Morris and Company packers report for year ending October 30 1915 shows net earnings of 7,21 414 on capital 21 724 562 nearly 712 percent. Of the earnings 750 009 was paid as dividends and 1 571 414 added to surplus.
Receipts and price ranges for hogs cattle and sheep in St Louis on January 18 show hog receipts at 11 900 with higher market and mixed grades from 6 25 to 7 60. Cattle receipts 4 900 with steady market. native steers 7 50 to 9 50. yearling stockers 5 50 to 9 25. cows 5 50 to 7 00. Texas and Oklahoma steers 6 25 to 8 50. calves 6 00 to 10 50. Sheep receipts 10 900 and steady to strong. yearling wethers 8 80 to 9 50. lambs 9 00 to 10 65. ewes 6 25 to 7 25.
Savannab h Georgia reports turpentine firm sales and stock figures with 55 55 percent sales 22 666 resin firm sales 578 receits 40 2 stocks 105 333 and quoted prices for several timbers and grades including A B C D E F G H I J K M N W W values ranging from 3 59 to 7 56.
Receipts: hogs 18 000 market higher bulk 7 10 to 7 35 heavy 7 80 to 7 40 lights 7 25 7 90 pigs 6 25 to 6 75 cattle 13 000 market steady prime fed steers 8 65 to 7 25 dressed beef steers 7 00 to 8 50 southern steers 6 00 7 50 cows 4 50 7 25 heifers 6 00 9 49 stockers 6 00 8 00 sheep 15 000 market steady lambs 10 00 10 75 yearlings 8 25 9 49 wethers 6 75 8 00 ewes 6 25 7 25.
In York on January 18 the coffee futures market showed quiet activity. March coffee futures settled around 6.95 while July futures traded near 7.14 with little movement.
Austin reports that a $15,000 liquor dealers refund appropriation is exhausted and over $10,000 in claims remain unpaid until the next Legislature. A $40,000 balance remains of the $100,000 scalp bounty fund, while $850 is left for pool hall license refunds as claims continue to mount.
The London financial desk records bar silver at 264% per ounce and money at 414 with 4% interest. Discount rates show short bills at 544 per cent and three months at 514, 65% per cent.
The shoe lace industry faces a severe wartime crisis as dyestuffs and zinc rise sharply. U.S. production runs at about 60 percent of normal amid restricted output across North and East factories. Experts warn prices may climb further as demand soars and supplies tighten worldwide.
General Pablo Gonzales denies rumors of internal discord in the Constitutionalists. He states that reports of abandoning Mexico City and sub officials moving to Vera Cruz are unfounded. He asserts harmony with Obregon and cautions against personal rifts affecting the revolution.
Report notes the superior tactics of the opposing forces and cites the Zapatistas' poor equipment and ammunition shortages as factors likely to hasten their subjugation.
San Antonio Commandery No. 7 Knights Templar elected new officers at a Monday conclave in the Masonic Temple. George W. Tyler of Belton inspected the results. Installations set for Tuesday evening January 25 at the Masonic Temple with Edward McManahan to receive the past commander jewel.
A Harpers Magazine excerpt mocks a boy as a sissy calling him effeminate for playing ball and wearing his mother’s likeness, reflecting outdated gender stereotypes and bias in period prose.
Chicago reports high wheat quotes with May at 1.29 to 1.31 and July around 1.22 to 1.24 as receipts decline. Grain strength stems from cold damage to fall crops and buying by Seaboard interests, while corn and oats show mixed moves and hog prices temper the provision list.
Carrot buyers in San Antonio report grain deliveries with Wheat at 1.36 per bushel in Texas and 1.31 in the north, Corn at 0.69 for Texas No 3 and 0.78 for northern No 2 mixed, Oats at 0.80 in bulk and 0.48 in sacks for Texas red and northern white in bulk or sacks, with Oklahoma prices aligning to Texas.
The notice lists Tuesday quotations including dry salt extras at 12 1 2 cents, bacon extras at 18 1 2 cents, dry salt bellies 14 16 pounds at 14 cents, fancy breakfast bacon 28 cents, fancy hams 19 cents, bacon bellies 14 16 pounds at 16 cents, and Pure Lard LLC compound at 10 1 2 cents.
Chicago on January 18 reports quotations for Wheat Corn Oats and Barley. Prices listed include No 2 red wheat at 91.26 and 1.26 percent, No 2 hard wheat at 91.26, Corn and Oats quoted nominally, Barley at 66 to 82 cents.
Quotations to Wheat No 2 red 1 32 1 35 No 2 bard nominal Carn No 2 7 Ec No 2 white juec Oats No 3 47% the No 2 white 80 %c
Wheat No 2 hard 1 1691 20 with No 2 read 1 2141 25. Corn No 2 mixed 70c and No 2 white 79. Oats No 2 white 48 49c and No 2 mixed 42 48c.
Wheat May 1.22 July 1.17. Oats May 49 cents. Corn May 79 July 81 cents. Prices shown for futures contracts in Kansas City.
Tead .90. Spelter not quoted. Copper firm electrolytic at $24.00 to $24.50. Tin steady or quiet at $41.00 bid. Tron steady unchanged. Jan. 18.
London market figures list lead at 29 pounds sterling per unit and 64 pelter 88 pounds. Spot copper 85 pounds 15 shillings, futures 85 10s, electrolytic 115. Spot tin 172 pounds 10 shillings, futures 174 pounds 10s, antimony 125 pounds.
New Orleans reports no change in rice tones with rough and clean grades steady. Receipts show rough 45605 and millers 4604 with clean 2504. sales include 2199 pockets Honduras at 2116 4percent and 130 pockets Japan at 3percent. Quotations list rough Honduras 2.10 3.75, Japan 2.70 4.00, clean Honduras 1 tie, Japan 3% 4tac. Rice polish per ton 25.00 26.00 Bran 15.00 16.90.
Observations recorded at 7 a m on Tuesday January 18 1916 show the U S Department of Agriculture weather bulletin with listed atmospheric readings. The record notes climatic conditions and conditions relevant to agricultural planning for that date.
Providence Rhode Island January 18 testimony in the Mohr murder trial centered on George W Healis the chauffeur of Dr Franklin Mohr Healis a Negro was asked to recount events leading to Mohrs death at a country road where Mohr was fatally shot and his secretary Emily Burger wounded Ducharme and Selley testified hearing five shots while riding Echo Lake with no definitive link to Brown or Spellman The defense sought to strike testimony by Ducharme Selley and Gardner but was denied
A school board pamphlet outlines an $800,000 bond plan to build 70 classrooms and a high school, buy sites and equipment, and issue bonds as needed to avoid tax rate increases. It includes an itemized budget, sale details, and reasons tied to neighboring cities’ school progress.
Corpus Christi welcomes a group of distinguished editors and publishers including Colonel Lee J Roundtree editor of the Georgetown Commercial Anves and National Editorial Association president Colonel John Harte of El Paso and Colonel John Hicks of Oshkosh Wisconsin a veteran editor and former U S minister to Peru and Chile.
Chicago health officials led by Commissioner Robertson announced a campaign to tabulate cold flats as a pneumonia and child mortality prevention measure. Landlords were summoned to explain why their warm room guarantees were not met.
New York Central and New Haven recovered from morning losses as rails rallied. Bethlehem Steel fell to 475 while General Motors rose to 489. United States Steel and fertilizers showed gains elsewhere but overall list had irregular movements with a late downside in steel stocks.
New York financial notes show mercantile paper at 243 percent, sterling exchange with sixty day bills at 71 percent and demand 4.76 percent, and cables .77. Guilders demand 44a, cables 444. Bar silver at 886 percent, Mexican dollars at 43%e. Government bonds steady, railroad bonds irregular.
Time rates eased with 2% 24 per cent annual figures and monthlies at 3 per cent. Call money steady. High 1% low 14% ruling rate 1% and 1% closing bid 0.5 cent offered at 1% percent.
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