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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 26, 1916
Page
11
On January 26 New York reports an upward price trend for cotton goods with strong demand for wash fabrics ahead of spring and summer. Bleached muslin lines gain a quarter cent per yard, rugs and carpets price announcements emerge, heavy weight men’s wear stays in active demand, and Tanada buys three quarter cottons and woolen suiting.
Cotton futures start strong but settle lower as spot prices remain steady. Traders note demand softening toward the close while export markets show limited activity, keeping prices near last week’s levels.
The daily quotations for middling cotton are listed for market delivery. San Antonio shows 66s 0.18 88 with 3,252 sales. New Orleans reports 11 88 1,815 with 10,000 sales. The text presents prices and volumes across markets with delivery terms.
Early telegrams show broad short interest and futures about 50 cents above yesterday’s close. Weak stock markets and shipping news feed selling while southern spot markets hold steady with solid business. San Antonio middling around 11.65 cents as exports remain light and ginning output stays record low this period.
The New York cotton market opened steady with a 2.6 point advance on quiet trading. May fell to 12.41 and July to 12.54 after early gains, then steadied with May at 12.46 and July at 12.59 as houses with Liverpool ties and continental demand supported prices. Later, rumors of exports to Russia and stock-market weakness caused some retreat to around 12.42 May and 12.56 July by mid-day.
New York trading shows steady open for cotton futures on January 26 with March at 12.20 and December at 12.73. Futures closed 5 to 6 points lower after day’s activity, with intraday highs and lows noted and scattered price marks including 12.14 near the session.
In New Orleans on January 26, cotton futures advanced 4 to 6 points with cables firmer and bullish weekend statistics. The market stayed dull but steady through the morning, posting a net gain by noon before slipping 1 to 3 points under yesterday's close by 1:30 p.m.
New Orleans opens with March at 61.99, May 12.27, July 12.47, October 12.47, December 12.40. Market closes 6 points lower after brief steady start. Confusing OCR text contains garbled figures and stray codes.
Liverpool January 26 price report notes spot cotton steady with good middling at 8 1/4 pence and middling around 7 7/8 pence. Trade reports say 10,000 bale turnover with 1000 futures and 4000 receipts.
In Liverpool on January 26 futures hold steady with numerous month to month spreads. The list shows January Seika at 7.95, February-March 7.92, March-April 7.89, April-May 7.85, May-June 7.81, June-July 7.77, July-August 7.73, August-September 7.62, September-October 7.47, October-November 7.40, November-December 7.25, December-January 7.32 and January-February 7.27.
The price of gasoline rose 10 cents per barrel and coal oil 12 cents in the local wholesale market on Wednesday. Dealers pay 19 cents per gallon for gasoline while consumers are asked 21 cents. these are the highest quotes in over four years. Teletypes from Tulsa and the Oklahoma-Kansas region report crude oil at $1.30 per barrel with some producers adding up to 10 cents beyond the regular price. Business is active with ample supplies, farmers paying cash, and few national failures, while city wholesalers extend credit cautiously.
San Antonio dry goods jobbers feel the impact of a dyestuff shortage as a New York sweater maker warns orders for sweater coats hinge on mills securing dyes at up to 50 percent above market. Wheat prices reach new highs while staple grains and by products remain at unchanged retailer prices week over week.
Wholesale prices for the trade Wednesday show eggs steady with Texas country candled 27 28c and storage 22 24c. Butter firm with Texas creamery at 232 336 per pound. Poultry firm values posted for hens 4 6 per dozen friers 3 4 6, broilers 2 3 2 50, turkeys 15 16c per pound, ducks 4 5 6 per dozen, geese 7 9 10 per dozen. Rabbits 75c to 1 per dozen.
New York stock activity opened with U S Steel as the main feature after its dividend and earnings report. Early buying faded with a 1 percent intraday rise, and overall sectors softened as rails and specialties weakened, ending the hour at lower levels.
Hogs sold at Union Stock Yards on January 26 with declines of 10 to 15 cents per hundredweight across packing centers. San Antonio shipped over 600 hogs, most through to Fort Worth. Cattle and calves found buyers with steers at 5.50 to 6.25, cows 5.25 to 5.75, calves 6.00 to 7.00, while hogs ranged 6.25 to 6.60 at noon and mutton buyers were inactive.
Wheat rose to a fresh season high for the fourth straight day in Chicago trading driven by Liverpool reports of strong US demand and tight supplies. Weather in Kansas and forecasts of colder temps weighed on sentiment as May and July futures opened around 1.36 and 1.26 dollars but closed weaker after a late profit pause. Corn and oats followed similar patterns amid light trade and hog markets slipping.
In New Orleans on January 26, rough Japan rice remained quiet while other grades held steady. Quotations show rough 9 6 7, millers 5 9 4 7, clean 7 5. Sales total 32 49 pockets with Honduras at 3s 44C¢.
Turpentine none in latest sale on January 21 with 72 receipts 169 shipments and 12480 stocks. Resin values listed with sales 478 receipts 1449 shipments 2962 stock 61771. Quoted prices include A N C 30 BB F GC 8 20 FH 85 98 and several grades from 6 00 to 7 60.
New York on January 2 reports raw sugar steady with centrifugal at 4.77. Molasses sugar and refined sugar hold. cut loaf 6.75, crushed 6.65, mould A 86.39, cubes 6.20, powdered 5.95, fine granulated 5.85, diamond A 5.85, confectioners A 5.75, No. 1 5.60.
Carrot buyers paid posted prices for grain delivered in San Antonio on Wednesday. Wheat ranged Texas 1.80 per bushel and northern 1.80. corn No 3 Texas 0.69 and northern No 2 mixed 0.69. northern white 0.738 per bushel. Oats Texas red 0.46 in bulk and 0.54 in sacks. northern white in bulk 0.46 or 0.54 in sacks. Oklahoma prices same as Texas.
The list shows dealer quotations for Wednesday including dry salt extras at 18 cents, bacon extras at 14 1/4 cents, dry salt bellies 14 to 16 pounds at 15 1/4 cents, fancy breakfast bacon 27 cents, fancy hams 18 cents, bacon bellies 14 to 16 pounds at 16 1/4 cents, pure lard 12 cents, and compound lard as stated.
Cattle receipts 2600 steady values beef cattle $6.00 to $7.35 per head stockers $6.00 to $6.76 cows $3.50 to $6.50 heifers $4.50 to $7.50 bulls $4.00 to $5.25 calves $4.00 to $8.00. Hogs receipts 5000 bulk $7.10 to $7.45 heavy $7.50 to $7.55 medium $7.40 to $7.50 mixed $7.30 to $7.40 light $7.35 to $7.50 pigs $4.50 to $6.25. Sheep receipts 25 market steady lambs $9.00 to $10.00 yearlings $7.50 to $8.50 wethers $6.75 to $7.00 ewes $6.50 to $6.75 culls $3.50 to $5.00 goats $3.00 to $4.75.
Kansas City market report lists grain prices with wheat at 1.259 to 1.331 and corn in the No 2 grades around 71 to 72 cents, plus oats quoted No 2 white at 53 to 54 cents and No 2 mixed at about 48 to 49 cents.
Grain futures in Kansas City closed with Wheat May at 1.26 and July at 1.19, Corn May 0.74 and July 0.75, and Oats May at 0.52. Market activity reflected modest gains across several contracts.
Kansas City market notes show hog receipts around 20 000 with bulk prices near 7 7 80 heavy 7 60 light 7 45 pigs 6 00 to 7 00. Cattle receipts about 6 000 with prime fed steers 8 40 to 9 25 dressed beef 6 75 to 8 26 southern steers 6 00 to 7 75 cows 4 25 to 7 00 beifers 6 50 to 9 00 stockers 6 00 to 7 80. Sheep receipts 6 000 steady to weak lambs 10 00 to 10 60 yearlings 8 50 to 9 00 wethers 7 25 to 8 00 ewes around 6 50.
Quotations to Wheat No 2 red at 1490 and 1.43 per cent for futures. corn No 2 at 73 to 74 cents. No 2 white nominal. other No 2 prices and terms noted in the St Louis market report dated January 26.
Hogs receipts 17,000 with prices from 6.00 to 7.80. Cattle receipts 4,200 with native beef steers 7.50 to 9.50 and Texas steers 5.25 to 8.60. Sheep receipts 2,200 with yearling wethers 8.00 to 9.25 and lambs 9.00 to 10.90.
Chicago market report dated January 26 shows No. 2 red wheat at 1.39 dollars, No. 2 hard wheat nominal, No. 2 yellow corn nominal, standard oats at 53 cents, and barley at 67 to 81 cents.
Hogs receipts 74 000 with slow lower quotes. Bulk 7.35 7.55 light 6.95 7.55 mixed 7.20 7.60 heavy 7.20 7.65 rough 7.20 7.35 pigs 5.50 6.65. Cattle receipts 15 000 steady. Native beef steers 6.30 9.75 western steers 6.50 8.15 cows and heifers 3.15 8.20 calves 7.75 10.75. Sheep receipts 156 000 weak. Wethers 7.50 8.00 lambs 8.80 10.70.
Trading in Mexican currency in San Antonio on Wednesday showed bids and asks for coins and banknotes. Figures included silver values, Bank of London and Mexico notes, and general money market quotes, though the text is garbled with several illegible entries.
New York market brief shows cotton seed oil prices with futures for February through August ranging from 9.19 to 9.314 per unit. Total sales amounting to 18,000 units are recorded alongside closing bids and daily changes.
Creamery butter sells firsts at 31 1 2 cents, seconds 27. packing 19. Eggs list firsts 26, seconds 20. hens 13. turkeys 18. springs 0.-cent.
Quotations: Batter lower and creamery 23 80c per pound. Eggs steady with receipts of 7538 cases, firsts 814c and ordinary firsts 2134c, main 24 2616c per dozen. Potatoes steady with 65 car receipts. whites from Minnesota, Michigan, Wisconsin and Dakota at 2c and 1c. Os whites 85 9c. Live poultry higher. fowls lic and springs.
Observations taken at 7 a m 75th meridian time Wednesday January 26 1916. Temperature below zero indicated. Wind speeds under 100 miles per hour and precipitation under .01 inch are not published. Allen Buell Local Forecaster.
A customer confronts a barber over a hair restorer claim, accusing the barber of false pretenses. The barber admits it failed to restore hair, noting most people are born bald, while the customer laments loss of what hair remained.
London reports bar silver at 274d per ounce money at 44. percent. Discount rates shown for short bills and three months at 51395 percent.
New York market notes on January 26 show Mercantile paper at 3 1/2 percent, sterling 60 day bills at 4.71 percent, demand 4.76 percent, cables 4.77. Guilders demand 43 1/2 percent, cables 4 4, Bar silver 57, Mexican dollars 44. Government bonds heavy and railroad bonds easy.
A brief quip from Life magazine contrasts marital opinions. The Old Married One warns of men's contrariness while the Young Married One admits learning the dynamic and mentions cooking habits with her husband.
The Christian Herald notes gains by the original American stock and predicts full U S citizenship for all Indians. It supports a federal nonpartisan commission to run Indian affairs, cites Oklahoma’s progress in education for Cherokees and Creeks, and reports a three quarter million dollar Navajo blanket industry with 60,000 Indian students in special schools. The total Indian population is about 350,000 in the United States with 25,000 in Alaska.
New York market bulletin notes time loans steady with 60 days at 2 percent and 0 days at 2 percent. Call money remains steady with high 2 percent and low 1 percent, ruling rate 1 percent, closing bid offered at 2 percent.
Lead quoted at 6.05 ester ling pounds with no quotation for spelter. Copper firm at 25.25 to 25.59 for second quarter delivery. Tin quiet at 41.87. Tron steady.
A tentative program for the February 26 outdoor play festival at San Pedro Park marks the seventh anniversary of the San Antonio Playground Association. Miss Catherine Cleaver Miss Edith Jimison and George Wheeler organized the event for thousands of school children with bands, dances, games and athletic demonstrations.
In New York on January 26, futures for coffee Rio futures held steady with March at 7.29 and July at 7.48. The brief market snapshot shows limited movement and stable prices amid light activity.
The Pennsylvania Railroad Company announced its usual quarterly dividend of 1 percent at today’s directors meeting in Philadelphia. A report of a possible dividend increase drew much attention during the session.
London markets list lead at 32 pounds 5 shillings per lot and copper at 90 pounds 5 shillings spot. Futures shown at 89 pounds 10 shillings and electrolytic copper 121 pounds. Tin 178 pounds 68 shillings, futures 179 pounds. Antimony at 125 pounds.
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