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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 28, 1916
Page
15
Marine intelligence from Galveston notes the arrival of El Occidente from New York. Liverpool statistics report weekly cotton movements with totals of 79 000 bales forwarded to mills, 59 000 bales American, stock 773 000 bales of which 520 000 are American. Imports reach 96 000 bales with American share, exports 11 200 bales.
Quotations today show butter at 31 cents for creamery, 29 cents for firsts, 27 cents for seconds, 19 cents packing. Eggs quoted at 26 cents for firsts and 20 cents for seconds. Poultry prices list hens at 13 cents, turkeys at 18 cents, with springs.
Cotton prices rise as markets report a sharp advance with centers noting higher quotes. Spinners respond by taking additional cotton amid steady demand and supportive export optimism.
The daily quotations present middling grade cotton prices for delivery at market locations including Houston Dallas New Orleans Liverpool and other centers. Figures show sales volumes alongside bid prices and market ranges, reflecting regional buying and selling activity.
Southern spot holders resisted futures declines, lifting the market with final New York and New Orleans quotes 11 to 13 points higher. Spot prices stayed firm across centers, with San Antonio at 11.50 for middling. Galveston forecast 33 steamers, February to March exports up, while ocean freight at Texas ports remains firm. Spinners’ weekly takings reached 340,000 bales, up from last year, and sight movement stood at 286,000 bales. Prices in San Antonio compresses showed middling to strict grades varying in the 9.10 to 10.10 range.
The cotton market opened lower in New York with May near 12.10 and October about 12.22 as Liverpool weakness and selling pressures spread. Buying by shorts and reactionary demand helped steady futures near last night's close, though overall tone remained nervous with mixed fluctuations and a steady close.
New York futures for Cotter opened steady with March at 11.82 and May 12.02, July 12.17, October 12.17, and December 12.30. Futures closed 9 to 11 points higher with unclear later figures and stray garbled text.
Market notes indicate Liverpool is poised to rise after an 11 o'clock call with New York showing a close. March data appears unclear with fragmented text mentioning MOPS and RAC ES TRO.
In New Orleans on January 28 the Liverpool market's weakness sparked heavy selling at the opening. Prices fell 9 to 12 points in the first half hour, then steadied on short-covering before turning to a small net gain in the early afternoon. By 1:30 p.m. offerings rose and values slipped one to sweep points from yesterday's close as bear profit taking intensified. Toward noon the front months were about a point above yesterday’s close.
Cotton futures opened steady in New Orleans with March at 11.58 and May 11.86, July 12.07, October 12.60, and December 12.19. Prices closed 11 to 12 points higher, with March reaching around 11.64 to 11.82 as the market moved.
Liverpool cotton market reports a softer tone with good middling at 8.28d and middling 7.934d while sales reach 5000 bales including 1000 for export and speculation. Receipts total 29,300 bales.
Liverpool reports quiet futures with ranges for January through February and beyond. Rates shown include several successive monthly contracts with values around 7.6 to 7.8 pence and daily adjustments noted.
New York cotton seed oil markets eased with spot at 9.10 and futures for February through September quoted in the 9.14 to 9.40 range. Total sales reached 13,909 units.
A quoted line from Life questions why Parker has escaped surgeries. Parker replies that doctors have not deemed him poor enough for experimentation nor rich enough for a desirable subject, hinting at the class bias in medical practices.
Friday January 28 1916 reports occasional rains in San Antonio and vicinity with warmer conditions Saturday. East Texas also sees rain tonight and warmer weather by Saturday with similar conditions. Daily precipitation totals show .02 inches yesterday and .05 inches for the day with a .03 inch deficit. yearly total to date 2.14 inches and excess of .64 inches.
New York trading opened with late rally attempts but highs did not hold as prices fell on secondary offerings. War shares led with about one percentage point gains while oils followed. United States Steel peeked at 84 before fading, New Haven weakened, and Crucible stood out as the most active in a dull mid session before a firm final hour.
Trading in Mexican currency in San Antonio Friday showed bid and asked figures for various notes. Bank notes and Carranza money were quoted with several percentage figures and subvalues reflected in the day’s exchange.
Mercantile paper 3 3 percent. Sterling 60 day bills at 4.713-5, demand 4.763.16, cables 4.7615-16. Guilders demand 42 1/2, cables 43. Bar silver 57 1/2 cents per ounce. Mexican dollars 44 cents. Government bonds steady. railroad bonds steady.
Time loans show ease with 60 and 90 day terms at 2 1 2 percent and six month loans at 2 3 percent. Call money remains higher at 1 percent to 1 1 2 percent with the ruling rate at 1 percent and various bids at 1 percent.
Bar silver quotes at 26 15 164 per ounce. Money rates stand at 44 percent. Discount rates show short bills and three months at 5 4 percent.
New York on January 28 reports sugar prices steady across grades from centrifugal at 4.77 to refined and confectionery varieties. Cut loaf 6.75, cubes 6.20, powdered 6.00, fine granulated 5.95, diamond A 5.85, confectionery A 5.76, No 1 5.60.
Special Agent Ralph M. Odell spent six months in China assessing demand for cotton products. He found China imports about 75.9 million dollars in piece goods annually, with American share around five to six million. Despite competition from Japanese and Chinese mills, U S firms can regain footholds by supplying what the market needs as European exports slow due to war. Odell notes China is a major buyer of yarn and piece goods, and his 242 page report Cotton Goods in China details markets, tariffs, and manufacturing.
Delegates at the third national foreign trade convention in New Orleans focus on merchant marine needs and aiding small manufacturers to export. Speakers include Edwin F. Sweet and Captain Robert Dollar who argues against government ownership and leasing of vessels, noting higher costs and potential deficits.
The quotation notes that the American merchant fleet in foreign trade relies on government policy to equalize costs of construction and operation. It highlights policy influence on competitiveness and shipbuilding economics.
In Wichita Falls Texas the Panhandle crude oil advance of five cents per barrel was posted last night, lifting the price to 1.30 dollars per barrel.
Butter creameries list 81c for firsts and 29c seconds with packing 19c. Eggs show firsts 28c seconds 20c. Poultry quotes include hens 18c, turkeys 18c, springs 13c.
A certificate of authority to do business in Texas was granted to the State Bank of Orange Grove in Jim Wells county at a state banking board meeting on January 28. The bank is capitalized at $10,000.
Principal purchasing agencies in Pittsburg announce higher crude oil prices with a ten cent increase for major grades. Pennsylvania Crude moves to 2.35, Cabell 1.88, Mercer Black Newcastle and Corning 1.85, Somerset 1.73, Ragland up five cents to 0.80.
New York patrons report No 7 Rio coffee prices holding firm at $7.30 for March and $7.40 for July as market opens with little change and demand steady.
Chicago January 28 butter prices fall to creamery 23.30 cents per pound, exes steady. Receipts recorded at 7538 cases with firsts 26 1 2 cents and ordinary firsts 25 cents. Potatoes steady with 65 cars received. Whites from Minnesota Michigan Wisconsin and Dakota quoted 92 cents to $1 while Minnesota and Dakota Ohios at 84 92 cents. Feeds and fowls noted with hens 15 cents and springs 18 pounds.
Chicago traders bought actively as commission houses and pit traders pushed wheat higher despite early weakness. England’s mercantile marine was placed under government control, sparking views of larger exports from Argentina and Australia, then shifting to US export strength. May and July futures moved up before closing lower on profit taking. Corn reached a new high for the 1915 crop on expected European demand, while oats firmed and hog prices supported the futures.
Grain buyers paid prices for Texas and northern grades in San Antonio on Friday. Wheat ranged from 1 35 dollars per bushel in Texas to 6 dollars per bushel northern. Corn Texas No 8 was 80 cents and northern No 2 mixed 78 cents. Northern white 80 to 83 cents. Oats Texas red bulk 65 cents per bushel, sacks 7 cents, northern white bulk 61 cents, sacks 63 cents. Oklahoma prices matched Texas grades.
Local packing house quotations list prices for dry salt extras at 13c, bacon extras at 14 and a fraction, dry salt bellies at 14 to 16 pounds averaging 15c, fancy breakfast bacon at 27c, fancy hams at 18c, bacon bellies at 14 to 16 pounds averaging 16c, pure lard at 12c, and compound lard.
The bulletin lists commodity prices with No 2 red wheat at 1.86 plus 0. something percent, No 2 hard wheat at 1.84, No 2 yellow corn nominal, oats Standard at 53 8, oats price 538 53%c, and barley at 68 8ic.
Wheat and corn prices are listed with No 2 hard at 1.33 dollars and No 2 red at 1 301.35. Corn shows No 2 mixed at 72 cents and No 2 white around 738 cents, while oats offer No 2 white at about 63 54 cents and mixed at 48 49 cents.
In Kansas City on January 28, grain futures ended with small advances. Wheat May at 1.26 and July at 1.29. Corn May 75 1/2 cents and July 76 4/5 cents. Oats May 51 1/2 cents.
Quotations dated Jan 28 show wheat at No. 2 red 1.41 1 42, No. 2 hard nominal, corn No. 2 74 4 75c, No. 2 white 75 1b e va No. 2 61c, No. 2 white nominal.
Lead quoted at 6.05 with leger not quoted. Copper firm at 25.50 for second quarter delivery. Iron steady. Tin quiet on spot at 41.62 bid.
London report lists lead at £32 2s 6d with spot copper £91 5s and futures £90 10s. Spelter £91, Electrolytic £122, spot tin £178 5s and futures £179. Antimony quoted at £25.
Observations at 8 a m on Friday January 28 1916 note a family in a flat with a Victrola. The quip recalls they broke their best previous record last Sunday by five hours and twenty six minutes, alluding to an amusing household achievement reported by Puck.
Texas farmers start field work as San Antonio seed dealers report unusually early activity. Onion sets and seed potatoes move in large volume while a potential onion set shortage looms. Seed potato supply is ample but high demand keeps market prices firm. Meat packers show strong cured meat prices and oils rise, with cotton seed oil at season highs. Egg butter and poultry markets show no new changes.
Union Stock Yards notes a sharp right about face in hogs with Fort Worth up to 25 cents per hundredweight and 10 to 15 cent gains elsewhere. Cattle seen steady with moderate receipts and active trading. San Antonio lists 15 cattle and 45 calves. steers to 6.50, cows 5 to 6.75, calves 6 to 7. no mutton offered.
Fort Worth market notes show cattle receipts around 1000 with steady trend. Beeves range 6.00 to 7.25, stockers 6.00 to 6.85, cows 3.50 to 4.50, bulls 4.00 to 5.00, calves 4.00 to 28.00. Hogs receipts about 300 with prices 7.15 to 7.90, pigs 4.75 to 6.25. Lambs 8.50 to 8.90, wethers 6.75 to 7.00, ewes 5.00 to 6.76, goats listed with limited data.
Kansas City market reports show hog receipts of 200 with bulk bids between 7.50 and 7.90, heavy hogs 7.80 to 7.90, cattle receipts around 100 with primes at 8.40 to 8.75 for dressed steers and 6.75 to 8.25 for beef steers, cows from 4.25 to 6.75, stockers 6.00 to 7.85, and a large sheep run of 6000 with lambs 10.00 to 10.60, yearlings 8.25 to 9.28, and wethers 7.25 to 8.00.
Chicago stockyard receipts total 28 000 hogs with prices led by bulk 7.55 to 7.80 and heavy 7.40 to 7.55 as market stays strong. Cattle receipts about 5 000 with native steers 6.30 to 9.70 and cows 3.18 to 10.50. Sheep receipts 0 000 with wethers 7.35 to 8.00 and lambs 8.80 to 10.76.
In St Louis on January 28 markets reported higher receipts for pigs cattle and sheep. Pigs and lights sold between 6.00 and 7.95. mixed and butchers 7.70 to 9.00. native beef cattle included yearling steers and heifers at 3.50. cows 5.50 to 7.00. Texas and Louisiana steers 5.25 to 8.50. cows and heifers 4.50. native calves 6.00 to 10.59. Sheep receipts were none and prices listed for yearling wethers 8.00 to 9.99, lambs 9.00 to 19.65, ewes 6.25 to 7.50.
New York reporting cotton goods showed firmness as advances remained active. Knit items including cotton blankets were offered at higher prices and some lots were withdrawn from sale despite strong demand.
New Orleans trading floor reports a quiet day with steady prices for rice and related grains. Receipts reach about 414761 units with 43 millers cleaned and sales around 4143 peckets, Honduras origin noted among transactions.
Savannah report lists last sale date January 21 for 50g 58 stock 12 603. Resin firm shows sales 38 stock 62 922. Quotations include A B C eB H 6.38 1.46 K 6.90 ee 6.75 W G 1.3 W. W.
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