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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 05, 1916
Page
21
New York June 5 Prices have softened slightly on some cloth items in the past week. Trading is mainly in second hands and small volume with little weakening in other lines. Cotton goods trade remains large with many new markets buying. current quotes include nut cloths and brown textiles at 4 to 8 cents and tickings, denims, and ginghams at various mid single digits.
New York June 5 reports business in iron and steel products slowing. May orders are about 800000 tons less than April with a likely June reaction. May broad equipment orders down 40 percent from April due to weak rail purchases, though olive sales were the heaviest since June.
Fragmentary OCR text on cotton statistics shows garbled data with uncertain figures and misread headings. It mentions bales and a date sequence but contains many non readable characters, making precise facts unavailable. The readable elements hint at statistical notes rather than a full report.
The report notes Liverpool as a major cotton buyer with prices advancing. It highlights 1915 acreage data showing shifts in production and market demand linked to global trade conditions.
San Antonio buyers raised spot cotton offers by 30 cents per bale with middling at 12.19 cents as New York and New Orleans futures moved higher. Traders cite adverse Texas weather, looming acreage decisions, and profit taking in Liverpool as factors shaping a bullish mood and potential acreage gains around 10 percent. Local compress prices showed Good middling to Low middling ranges at the compress.
New York cotton trading opened with scattered liquidation but light offerings and steady prices. Liverpool buyers supported the market as July at 18.66 cents, October 12.80, December 12.98 advanced early. after hours prices eased to 12.63, 12.77 and 12.92 respectively with a final steady close.
New York cotton futures opened steady on June 5 with July at 12.69, October 12.74, and January futures around 18.00. March contracts closed 1 to 3 points higher. Liverpool open slated for Tuesday after minor losses.
In New Orleans on June 5 the cotton market rose in early trading with an 11 point gain in the first half hour. Demand was moderate and broad while offerings were scanty as short sellers covered and buyers returned on crop concerns. By noon prices stood 11 to 18 points higher.
In New Orleans on June 5 cotton opened steady with futures closing 5 to 7 points higher. Opening bids listed for July 12.80 October 12.55 December 12.67 January 12.79 and March 12.94 amid market gains and brief notes on nearby contract activity. Field data shows July and December readings around 12.50 to 12.70 with minor variations.
Liverpool cotton market reports spot firm prices with good middling at 8.624 and low middling 8.234. Sales reach 7009 bales, including 1000 bales for speculation and export. receipts total 10,000 bales.
Futures in Liverpool trading show steady levels across several delivery months from June to July and into early 2025. Prices list narrow variations with months like June July and September October displayed around 7.7 to 7.9 percent, indicating cautious sentiment ahead.
The cotton seed oil market closed firm with spot prices around $11.00 to $11.05 and futures for June at $10.90 to $11.00, July August $10.88 to $10.84, September $10.83, October $9.97, November $18, December $9.04 and January $9.41, total sales 39.
Peaches and plums from Texas orchards lead the wholesale market with prices from 1.00 to 1.25 per crate for peaches and 8.50 per orange box for plums. California cherries bring 2.60 per standard crate, while apples, limes and lemons move in large volume. Cantaloupes and watermelons rise earlier but ease as supplies grow. California oranges fetch 3.25 to 3.75 per box.
Buyers paid listed rates for ore produce in San Antonio. Butter and Texas creamery prices ranged around 25 to 30 cents per pound, poultry values held steady with hens at about 5 to 24 dollars per dozen and large fryers around 5 dollars, broilers 3.50 to 4.00, turkeys 16 to 17 cents per pound, ducks 5 to 6 dollars per dozen, and geese 6 to 7 dollars per dozen.
Chicago on June 5 reports butter unchanged with creamery at 26 28 cents and receipts of 36 162 cases. Firsts at 20 21 cents, ordinary firsts 18 20 cents. Potatoes higher amid varied receipts including Michigan Wisconsin Minnesota and Dakota whites at 1.00 to 1.10, and new Texas Oklahoma Alabama Triumphs at 1.60. Alive poultry lower with fowls at 18 18 clock.
Quotations for dairy and poultry items in Kansas City on June 5 show Butter at 29 cents, Creamery firsts 27, seconds 25, pesme sae. Poultry fees list firsts, lon Tipe roosters 10 to 25 cents for springs.
Local packing house quotations list dry salt extras at 14 c bacon extras at 16 c dry salt bellies 14 16 pound average 17 c fancy breakfast bacon 26 c fancy hams 11 c bacon bellies 14 16 pound average 184 c pure lard 14 c compound 12 c
L. C. Boyle of Kansas City for the National Lumber Manufacturers Association files the first volume of a 150 page brief with the Federal Trade Commission. He urges industrial preparedness and a national survey of remaining timber to prevent forest waste and misguided policy.
San Antonio market brief reports on current cotton prices and trends. Price ranges, immediate market cues, and short-term outlook described for local buyers and growers.
June 5 market reports show cattle and hog prices drifting lower while sheep and goats remained strong. Fort Worth and Chicago centers noted reductions in cows calves and steers with hog losses, but sheep and goats held firm as receipts and sale figures indicate steady demand and clear pens by noon.
At Worth Texas livestock sale details show cattle receipts around 4600 with varied grades and lower values. hogs receipts about 5700 with prices mostly 9.10 to 9.30 for bulk to heavy weights. sheep and lambs receipts about 4000 with lambs near 9.00 and ewes 6.50 to 7.00, goats 4.00 to 4.90.
The Chicago Board of Trade including the grain and revision markets closed today due to a local election.
Quotations list wheat at No 8 red 1.07 to 1.10 and No 2 hard nominal. Corn shows No 2 up to 70 percent and No 2 white about 72 percent. Oats rise for No 2 to 49 percent with No 3 white nominal.
Quotations today show wheat at No 2 hard 99 to 104 cents, No 2 red 98 to 108 cents, corn No 2 mixed 67 to 67 and a half cents, No 2 white 68 to 68 and a half cents, and oats No 2 white 88 to 89 and a half cents, No 2 mixed 37 to 38 and a half cents.
Carrot buyers paid prices for corn oats and hay in San Antonio. Corn rates included Texas No 8 82 c mixed and Northern No 3 white 82 c mixed 82 c. Oats listed Texas No 3 red 40 c white 66 c sulpherzide 3 c higher in sacks. Hay prices for Milo maize No 3 bulk 111 and fet erita No 8 bulk 111 Kaffir corn No 3 bulk 111 cane hay per ton 11 prairie hay ton 10 50 Johnson grass per ton 17 alfalfa choice pea green.
The Cotton Region bulletin from San Antonio on June 6 notes unsettled showery weather in the northern and western belt. Temperatures run above normal with rainfall over an inch at multiple stations including Allendale Quitman Bainbridge Thomasville and many in the Little Rock and Oklahoma districts. Allen Buell meteorologist Weather Bureau.
Receipts 17000 lower on bulls and cattle with steady to higher cattle values. Prime fed steers 10.40 to 10.85, dry beef steers 8.00 to 10.25, southern steers 7.00 to 10.00, cows 5.50 to 8.60, heifers 7.25 to 9.75, stockers 6.75 to 8.50. Sheep receipts steady to strong. lambs 9.50 to 11.75, yearlings 7.25 to 8.26, ewes 7.76.
Hogs receipts 10 000, prices mixed with good heavy at 9 45 to 9 60 and bulk 9 70 to 9 45. Cattle receipts 5200, steers and heifers 7 50 to 10 50, cows 5 60 to 8 50, prime southern cattle 9 00 to 9 50, native calves 6 00 to 11 0. Sheep receipts 6500, lambs 7 50 to 10 25, spring lambs 1 00 to 11 56.
Jone reports receipts of 16 000 native beef steers 8.00 to 11.05, western steers 8.50 to 9.60, cows and heifers 3.75 to 9.60, calves 8.00 to 11.25. Sheep receipts 15 00 steady with weth ers 7.00 to 8.25, lambs 7.76 to 10.50, springs 2.50 to 11.25.
Kansas City reports grain futures ending steady on June 5 with Wheat July at 97 with Sept at 99 and Corn July at 66 and Sept at 64. The piece also includes unrelated cartoonish dialogue about papers and shellfish orders from the Boston Transcript.
New York June 5 shares showed sensational gains in special stocks at market open. Willye Overhand and Chandler Motors led advances amid a proposed auto consolidation, while Marine preferred, Norfolk and Western, General Motors, South Porto Rico and American Beet Sugar posted new highs. Zinc issues revived as Industrial Alcohol Maxwell Motors and Lee Rubber led late gains before a irregular close.
New York reports show time loan firm rates across all months with prices ranging from 2% to 3% per cent. The closing bid stands at 2% per cent while offers reach 3 per cent with a high of 34% and a low of 21 per cent in various listings.
METAL MARKETS NEW YORK REPORTS Lead at 7.00 and copper firm around 28.00 to 29.25 for nearby and deferred contracts. Spelter steady in East St. Louis deliveries, Tron grades quoted 20.75 to 21.00 for No. 1 and 20.75 for No. 2. Tin steady at 45.00 spot. LONDON lists lead 31 pounds per ton, spelter 78 pounds, copper futures 120 pounds, spot tin 188 10s with futures 183 10s.
On June 5 in New York mercantile paper stands at 8 percent. Sterling 60 day bills at 4.72 percent. Demand at 4.75 and cables at 4.76. Guilders demand 41 percent with cables at 41. Bar silver 66 1/3 cents. Mexican dollars 51 5/6 cents. Government bonds steady and railroad bonds firm.
Raw sugar and refined varieties hold steady in New York trading with cents listed for centrifugal molasses and several refined formats. Separate note captures a Richmond Times-Dispatch quote referencing suffrage rhetoric and a staged response.
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