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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 19, 1916
Page
11
Regional cotton prices trend downward across Southern markets with contracts reflecting reduced terms. Dealers report softer demand and lower futures, signaling broad sentiment shift amid fluctuating export activity and milder textile orders.
The January 19 market report notes quiet trading and price declines across Houston Dallas and San Antonio with middling at 11.80 cents. Traders eye shipping improvements and potential Britain Germany blockade shifts while southern spot holders grow discouraged yet see some boost from England’s move toward a true blockade. Prices paid in San Antonio for cotton delivered to local compresses are listed.
Easier Liverpool inquiries and hedging sales by houses with Liverpool connections pushed the New York cotton market down early with March at 12.41, May 12.68 and October 12.70, while rallies of 3 to 4 points from lows occurred later as Wall Street shorts covered and German-linked buying helped recoup some losses. General business remained quiet with repeated mid day setbacks from renewed liquidation leaving March near 12.43 and July around 12.70.
New York January delivery cotton futures opened steady with January around 12.30 to 12.45 cents and May near 12.69 cents. July and October traded around 12.82 and 12.78 cents. Closing prices finished 15 to 18 points lower with minor high and low details noted for January and July contracts.
Reported market activity shows Liverpool due to open Thursday with a drop of about 4 percentage points. An 11 o'clock call followed with New York call and close details incomplete and unclear in the text.
Cotton fell 6 to 7 points in the first half hour on the New Orleans market. Cables failed to meet expectations and yesterday's six-point loss drew unfavorable comment. The market showed little strength and by noon was down 7 to 8 points, with an afternoon slide to a 9 to 10 point decline.
New York January 19 coffee futures held steady with May at 7.09 and July at 7.18 as market watchers digest supply and demand signals.
Wheat for May delivery in Chicago topped 1.30 a bushel, flour millers face thinning profits and raise prices on flour and related products. San Antonio mills hike by 10 cents per barrel to 6.10, grain jobbers adjust lists daily as good grade wheat sells at 2.25 per hundredweight in San Antonio and meat prices gain with higher hog and lard costs. Fort Worth aims to host the Western Fruit Jobbers Association convention amid competition from New Orleans, while vegetable offerings remain limited and canning demand rises slightly.
New Orleans price report shows January at 12.98 cents, March 12.30, May 12.57, October 12.69, with December around 12.60. Market closes 13 to 14 points lower while figures for Dorica Silicee and July peace appear as scattered entries.
Liverpool January 19 spot cotton rated steady with good middling at 7.61d and middling at 8.28d, low middling 7.88d. Total sales 8000 bales including 1500 for speculation and export. receipts reported at 12,000 bales.
Liverpool reports weak futures with quotes for January through January next year, showing rates from 7.9444d for January to 7.251d for January-February. The pattern covers monthly forward contracts from January to December and into the next year.
New York. Cotton seed oil closed easier with spot at 9.19. January bids ranged 9.10 to 9.25, February 9.12 to 9.18, March 9.14 to 9.15, April 9.13. May 9.14 to 9.15, June 9.16 to 9.21, July 9.24 to 9.25, August 9.27 to 9.28. Total sales 15,000.
Hogs receipts 13 000 higher with pigs and lights 6.25 7.70, mixed and butcher 7.55 7.78, good heavy 7.70 7.75. Cattle receipts 5000 steady to strong with native beef steers 7.50 9.50, yearling steers and heifers 8.50 9.35, cows 5.50 7.00, stockers and feeders 5.00 7.25, Texas and Indian steers 5.25 8.50, cows 4.00 6.50, native calves 6.00 10.58. Sheep receipts 2500 steady with yearlings 8.00 9.25, lambs 9.00 10.75, ewes 6.25 7.40.
Pittsburg news reports that all pipeline companies via the Joseph Seep agency will lift the rate for gathering oil from 20 to 25 cents per barrel for the first time in twenty years. The new territory includes West Virginia, Western Pennsylvania and Eastern Ohio.
Union Stock Yards records show 51 000 hogs sold in Chicago with prices easing, while Fort Worth and other Texas centers posted gains with hogs selling around 7.50 per hundredweight and best hogs at 7.00 to 7.50. Cattle and calves sold steady to firm. mutton offerings light.
Fort Worth Texas January 19 quota tions show cattle receipts 2500 with Reeves 6897 50 stockers 6.00 to 7.00 cows 3.25 to 6.50 heifers 4.59 to 7.56 bulls 4.25 calves 4.25 to 78 50 hog receipts 5000 active higher bulk 7.15 to 7.25 heavy 7.25 to 7.40 medium 7.25 to 7.35 goats 2.50 to 4.50 lambs and yearlings 7.50 to 8.00 ewes 6.00 to 6.25.
Receipts show 651000 hogs with varying loads and price ranges from 5.75 to 7.80 for pigs and heavy hogs. Cattle arrivals total 18000 with native beef steers 6.50 to 9.85, westerns 6.60 to 8.25, cows and heifers 3.30 to 8.40, calves 7.50 to 10.75. Sheep receipts 22000 with wethers 7.25 to 7.80 and lambs 8.25 to 10.75.
Kansas City reports receipts of hogs about 14 000, with bulk 7.15 to 7.50, heavy 7.35 to 7.50, light 7.10 to 7.20, pigs 6.25 to 6.90. Cattle receipts 7 500, primes 8.65 to 9.25, dressed steers 7.00 to 8.50, southern steers 6.00 to 7.50, cows 4.50 to 7.25, heifers 6.50 to 9.50, stockers 6.00 to 8.00. Sheep receipts 7 900, lambs 10.25 to 10.75, yearlings 8.25 to 9.95, ewes 6.50 to 7.35.
Raw sugar firms quote centrifugal 4 380 4 64 molasses 3 562 Refined sugar rises 10 points cut leaf 6 75 crushed 6 65 mould A 6 30 cubes 6 10 powdered 6 00 ordered 5 95 fine granulated 5 85 jam A 5 85 confectioners A 5 75 No 1 5 66.
George T. New 58 a longtime United States mail employee died at his Say ers Texas home near San Antonio. He lived in Texas most of his life and in Say ers for 30 years. Survived by three sisters Mrs Mattie Morris Eden Mrs F B Martin Miles and Mrs W G H Saunders Say ers and two brothers J K New Lavernia and Joe S New San Marcos. Funeral from Say ers home Thursday afternoon arranged by Shelley Loring Undertaking Company San Antonio.
Isaac Austin Miller aged 45 died Tuesday afternoon after a long illness in a San Antonio sanitarium where he had come three months earlier for medical treatment from Houston. He is survived by parents Mr and Mrs Charles Miller and brothers J W Miller E B Miller and sister Mrs K F Wormack all of Houston. The body was sent to Houston by Shelley Loring Undertaking Company and interment will be in Houston.
Classified ad for Shelley Loring Undertanding Co offering automobile equipment with contact numbers listed as 971 and an advertisement note.
A series of guests and registrants are listed at San Antonio hotels. Names include Mr and Mrs W Raphard from Cincinnati, F H Sanborn from Mexico City, C C Shaw from St Louis, J H Churchill from Harrison New Jersey, H Kisling from Canton Ohio, J F Freedman from Kenedy Texas, J H Cullinan from Houston, E G Reeser from Louisville, A H Johnson from Dallas, Paul Greenstein from Electro Texas, Stinson from New York, Alfred Long from Dallas, Joseph J Weil from Kansas City, John F McKinny from New York, Mrs J G B Beisner and Mrs H O Knight from Galveston, Sam E Finley from Atlanta, William H Wilson from Houston, and F C Pannell from Houston.
Evangelist Frank Wright will preach at First Presbyterian Church on Avenue D and Fourth Street on Wednesday night. A special veterans service is planned for 3 p m Thursday with reserved seats for Civil War veterans. Friday features an Indian life program for students and families with optional group seating. Wright’s last city visit ends this week with services Thursday and Friday at 3 and 7 45 p m.
The state Democratic executive committee will convene before February 1 to study the new primary election law affecting the governor and U.S. senator. Chairman Paul Waples announced the gathering and plans to choose the host city for the next state convention.
Washington January 19 report that master mechanics in navy yards nationwide will receive pay increases averaging five percent. The raises are expected to take effect probably within the next two weeks.
Equal Franchise Society members met at the St. Anthony Hotel to plan a Suffrage Day banquet for January 27 during the International Fair conference. The Texas State Suffrage Association executive board will gather that day in San Antonio, with reservations handled by Mrs. Benno Kayton, Mrs. Leo Cotton, and Mrs. A. R. Thomas.
An executive board was formed at a luncheon hosted by Mrs. J. J. Stevens to plan next year’s work. Members include Stevens, Kayton, Young, Linscott, and Cotton. The gathering at Martin Street featured a five course luncheon and attendance by nine additional members.
The Politiken via Exchange Telegraph reports Stockholm reacts to King Gustavus speech urging strong defense in response to neutral rights breaches. British seizure of Swedish American steamship Stockholm’s provisions from New York sparks sharp Swedish press criticism and fears of worsening Sweden England relations.
Funeral services were held at the family home for Bettie Nagel who died Sunday night at a local hospital. She survived by husband C R Nagel and four children. She was 42 years old.
Wheat prices declined as foreigners sold futures amid tighter blockade fears and higher ocean freight costs from the United States to England. May and July contracts fell from opening highs, with corn and oats following the decline. Provisions eased as hog firmness provided brief support.
San Antonio grain buyers posted Wednesday prices for local delivery. Wheat in Texas $1.30 per bushel, northern $1.31. Corn No. 3 Texas 69c, northern No. 2 mixed 72c. Oats Texas red 46c bulk and 54c in sacks. northern white 54c sacks. Oklahoma prices align with Texas.
Lead quiet at 5.90. Spelter not quoted. Copper firm at 24.50. Iron steady. Tin quiet at 41.00 bid.
London market brief lists prices for lead copper and other metals in pounds sterling and shillings. Futures and spot quotations shown for lead, spelter, copper, electro lytic, spettin, and antimony with varying amounts.
The document lists dated quotations for dry salt bacon and bacon bellies with per pound prices ranging from 13 to 27 cents, including fancy breakfast bacon at 27 cents and bacon bellies 14 to 16 pounds average. Pure lard is priced at 12 cents.
New York mercantile paper 8 3 percent, Sterling 60 day bills 4.71 4.76, cables 4.77, Guilders 44 percent demand 45, bar silver 56, Mexican dollars 437 percent. Government bonds steady, railroad bonds irregular, demand.
Quotations were listed today with grain prices including Wheat No 2 red at 1.31 to 1.82 and No 2 yellow corn, oats standard at 51.14 to 52, and barley at 68 to 80 cents.
New York January 19 time loans show 60 day at 214 43 percent 90 day and six months at TM percent. Call money steady with high 2 percent low 1 and ruling rate 2 percent. Last loan at 2 percent closing bid 1 percent offered at 2 percent.
Kansas City prices show wheat at No 2 hard 1171 22 cents and No 2 red 121 126 cents. Corn No 2 mixed 70 cents and No 2 white. Oats No 2 white 60 61 cents and No 2 mixed 43 44 cents.
Quotations show butter unchanged and eggs lower in Chicago on January 19. Creamery prices: 25 to 30 1/2 cents per pound. firsts 80 to 30 1/4 cents. Potatoes drop with 27 cars of receipts from multiple states. Poultry alive prices ease for fowls springs and turkeys.
Kansas City grain markets record May wheat at 1.21 percent and July at 1.16 percent, May corn at 4 percent, July at 75 percent, and May oats at a lower price, reflecting a volatile session.
Secretary Garrison cautioned that shippers should not treat February 15 as certain for the Panama Canal reopening. He said final word must come from Governor Goethals before any definite statements are made.
St Louis market notes show Wheat No 2 red at 1.82 1 3 cent, No 2 hard nominal. Corn No 2 at 76 cents, No 2 white tie. Oats No 2 nominal, No 2 white ge.
Wholesale prices to the trade Wednesday show eggs steady with Texas candles at 27 28c and storage 22 21c. Butter firm with Texas creamery 82 38c per pound and Falfurrias at 36c. Common country and packing stock 16 lic. Poultry firm with hens per dozen 4.00 to 5.50, friers 3.00 to 4.60, broilers 2.00 to 3.59, turkeys 15 to 16 per pound, ducks 4.50 to 6.50 per dozen, cheese 7.00 to 9.71 per dozen, rabbits per dozen 0.75 to 1.00.
In New Orleans on January 19 rough rice remained quiet and the clean grade held steady. Receipts were 638 percent rough, 6115 millers, 4990 clean, with sales of 6450 pockets clean Honduras at 4% 41% ec and 250 pockets Japan at 2 3%.
Kansas City market report from January 19 lists butter quotes with firsts at 29 cents and seconds at 27 cents, creamery and packing at 29 1/2 cents. Megs and poultry prices show hens at 14 cents and turkeys around 18 cents for spring stock.
Observations recorded at 7 a m Wednesday January 19 1916 show below zero temperatures. Wind speeds under ten miles per hour and precipitation under .01 inch are not published. Allen Buell, Local Forecaster.
New York January 19 trade in textiles showed cotton goods and yarns firm while cloths were quiet in the gray goods division. Finished goods remained in steady demand and wool fabrics were active in dress goods and mens wear.
The Texas Casualty Company testified before the state industrial accident board in Austin about its license at risk for not settling claims. The firm promised to pay all just claims and would review unpaid cases with the board on February.
Austin notices charter Queen Oil Company of Houston with $100 000 capital and incorporators W N Bullard T H Dennis H J DuBois J T Craig and George L Wilson A s hwand er Brady Company of Amarillo with $50 000 capital and incorporators George Ashwander Claude Brady and William OBrien Dixie Oil & Gas Company of Houston with $15 000 capital and incorporators J Fox H Wilson and C W Dickson Manning Auto Company of Fort Worth with $9000 capital and incorporators E Manning L L Murray and Dr O Nay Amendments filed for G A Jones Hardware Co Denison capital cut to 17200 Hunt Grocery Co Dallas capital up to 20000 Shepherd State Bank Shepherd capital up to 20000 Proof of final payment for Bomarton Mercantile Co and Grove Hill Cemetery Association Dallas Permit to do business in Texas granted to South Bend Chilled Plow Co South Bend Ind capital 100000 with Texas HQ in Austin Certificates of dissolution filed by Independent Cotton Oil Co Fort Worth and A Co McClannahan Lumber Co Eagle Lake
The New York market opened with gains for United States Industrial Alcohol and American Coal Products at about 2 percent. Bethlehem Steel swung from a 1 point loss to around 49.3 percent, New York Cent rose to 111 percent, while war shares fell early but later recovered. Steel hovered near 85 percent as prices drifted, with overall activity weak and a heavy closing.
London market report notes silver at 2648 per ounce with money and discount rates quoted. Three months forward prices show modest drift as traders weigh demand and supply factors in a quiet session.
Mrs William Irons offers reward for the recovery of a black leather hand bag and coat left near the San Pedro Car Depot at 8288 a. The bag contains cards and money. Reward advertised for owner identification.
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