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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 07, 1916
Page
13
Jan Antonio reports cotton prices advance as weather map signals moisture and temperature shifts influence market expectations. Traders cite arid forecasts and anticipated harvest conditions shaping futures while analysts warn of volatility amid uncertain rainfall.
The primetal spot cotton market shows gains as weather and politics influence prices. Southern spots advance with rains reported, while New York and New Orleans futures climb. San Antonio quotes mark 12.38 for middling and 12.82 for a higher grade amid a hot, dry week and localized storms.
The New York cotton market opened firm with gains of 6 to 11 cents as buying from overnight cables met selling by Liverpool-connected houses. July and October contracts rose to 12.82 and 12.82 cents respectively while December touched 18.08 cents. Weather bureau notes offered scant encouragement, storms in Arkansas feared yet rains in the belt viewed as beneficial, and activity cooled after Liverpool moves, with prices easing by midday before settling steadier in the afternoon.
Cotton futures closed higher across the board with July at 12.76 cents, October at 13.06, January 13.14, and nearby highs near 12.86. Market notes show firmer closes and modest gains from the prior session amid steady demand as Liverpool opens Thursday.
In New Orleans on June 7 the cotton market showed moderate activity as rain fears lingered. Early trading opened with gains of 4 to 5 points over yesterday, and by noon contracts were about 4 points higher with favorable weekly reports lifting values. Afternoon quotes rose 6 to 12 points from the prior close, closing very steady with advances of 11 to 12 points.
Dr. R M Harkey of Texas A and M College and M T Payne from the U S Department of Agriculture rally San Antonio farmers to produce infertile eggs. Merchants favor higher prices and longer shelf life, with rules for marketing under the Egg Circle Select trademark.
Retailers and shippers are quoted wholesale prices across categories. Potatoes onions celery cabbage peppers beets green beans squash carrots turnips chili peppers lettuce cantaloupes watermelons corn and more show varied prices by state and crate, basket, or hundredweight. Fruits include strawberries dewberries bananas oranges lemons limes peaches plums cherries and dried fruits with assorted crate and box prices. Canned goods grocery staples and seed and nut prices follow, with notes on units and grade distinctions.
Prices paid in San Antonio for Wednesday deliveries show eggs steady at 18c per dozen, Texas country candied 18c, creamery butter 25 to 50c per pound, country butter 20 to 25c, packing stock 19 to 20c per pound. Poultry values include hens at $6.00 per dozen, large fryers $6.00 to $6.60, turkeys 16 to 17c per pound, ducks $5.00 to $6.00 per dozen, geese $6.00 to $7.00 per dozen.
Butter unchanged as creamery quotes hold at 26 28. Eggs receipts total 22 209 cases with mixed small changes. Poultry alive prices lower with fowls at 17 cents per pound. Receipts show cars from Michigan Wisconsin Minnesota and Dakota regions with modest price shifts.
Quotations show butter at 29c for firsts 27c for seconds 25c for thirds and 22c for packing. Eggs steady with 21c to or 21c. Poultry priced with hens 15c roosters 10c and springs 25c. New potatoes firm with Texas and Oklahoma Red Triumphs quoted at 1.60 to 1.65 per bushel and northerns old Minnesota to Rural and Ohio as 1.25 per bushel.
New York on June 7 reports steady values for raw sugar at six dollars thirty eight cents per unit with different classifications listed. Refined sugar also steady with leaf, crushed, mould, cubes and powdered grades priced from eight to seven dollars range per unit, including con fectioners and No. 1 types.
Savannah market data shows turpentine sales 257 with receipts 70 shipments 484 and stock 12806. Resin firm reports sales 571 receipts 2381 shipments 2499 and stock 664668. Misc entries include window glass and water white prices and several lettered items with figures.
In New York on June 1 cotton goods were steady and yarns firm. Men's spring wear was bought liberally by some clothiers and silk ware remained steady with crepes and knitted silks selling well. Jobbers reported a very fair trade.
The British press recalls Henry James as a master of phrasing. A London Nation piece recounts an evening with admirers who overstayed the author's time and a friend’s condolence about vanished charm. James quips about a cadaverous grace.
A brief market note surveys cotton prices in New Orleans, outlining current trends, daily quotes, and notable shifts in futures and spot levels. Analysts eye demand signals and regional production data affecting near term values.
June 7 at Union Stock Yards reports show weak demand for cattle hogs and sheep with buyers holding back. San Antonio yard handled 641 cattle 161 horses 72 hogs and 3492 sheep with steers $6.69 to $7.00, cows $6.00 to $6.50 and calves $7.60 to $7.00. Hog spreads $8.00 to $9.00. large sheep shipment from San Antonio to Comstock, Texas.
Fort Worth market reports cattle and hog receipts around 4000 head with a slower, mostly lower trend. Cattle prices show beves and stockers from 5.50 to 7.00, cows 3.50 to 6.00, bulls 4.50 to 6.50. hogs range 7.00 to 9.50 for various classes. sheep and goats also listed with yearlings 8.00 to 8.50 and goats at 4.00 to 4.60.
New York June 17 irregular price changes marked the early market with mixed gains and losses. Norfolk Western and Louisville & Nashville led rail shares with a new record, Willys Overland rose 74 points, Canadian Pacific Seo and Northern Pacific gained 10 to 12 points, and United Fruit Crucible Steel South Porto Rico Sugar held firm while metals and motors showed wear. Reading performed strongest in the final hour as other active issues remained unsettled.
London money markets show bar silver at 81 16 164 per ounce and money at 3 percent. Discount rates for short bills three months stand around 49 16 4 percent.
Time loan rates listed for 60 days at 2 percent and 8 percent, 90 days at 3 3 percent and ix months at 3 percent and 8 percent. Call money rates high 3 percent low 2 percent, ruling 8 percent, last loan 2 percent, closing bid 3 percent, offered at 3 percent.
Five carloads of pasture fed beef cattle were shipped from Cuero yesterday afternoon by A. Blackwell Sr. to Fort Worth via the San Antonio and Aransas Pass railway. Nineteen head filled each car and the lot was praised as the best Cuero has sent out in seasons. Additional cattle were sent earlier in the week and another shipment is planned from the Alexander Hamilton ranch properties this afternoon.
Receipts include 12000 hogs 7000 cattle and 6000 sheep. Hogs steady to lower with heavy and shippers trading around 8.90 to 9.20 and up to 9.15. Cattle see best steadiness with prime fed steers 10.40 to 11.00, dressed beef 5.00 to 10.25, cows 6.50 to 5.50, stockers 6.75 to 8.75. Sheep steady to weak lambs 9.50 to 11.25, yearlings 8.00 to 8.80, wethers 7.25 to 8.25, ewes 6.75 to 7.75.
The new foreign exchange page lists 60 day bills at 4.72 percent, 75 percent coblee at 4.76 percent, with guilders at 41 percent for demand and cables. Silver at 66 2 thirds cents per ounce and Mexican dollars at 51 2 thirds cents.
In San Angelo Texas on June 7 two hundred thousand pounds of spring wool were sold to eastern mills at prices from 25 to 22 cents per pound.
The piece contrasts Egypts pyramids with California sequoias, noting the giant trees may be 8 000 to 10 000 years old and among the oldest living things. Fossil records and geology are invoked to explain their ancient lineage, while a Washington Star quote shows a senator reflecting on audience agreement.
Receipts total hogs 26 000 head with bulk price ranges from 9.30 to 9.45 for mixed loads and 8.60 to 9.20 for others. Cattle receipts 17 000 head with native beef 7.90 to 11.10, western cattle 8.50 to 9.40, stockers 6.00 to 8.85, cows and heifers 3.75 to 9.50, calves 8.26 to 11.75. Sheep receipts 15 000 head market weak with wethers 7.20 to 8.20, lambs 7.50 to 10.50, springs 8.25 to 11.25.
In St Louis on June 7 receipts totaled 5500 hogs with steady market, cattle at 3600 with varied values from native beef steers to prime yearlings, and 1500 sheep with prices rising for wethers and lambs. Notes mention New York return and Southern Pacific oil burning locomotives.
Metals report from New York shows lead at 7.00 with nearby copper at 28.25 for September delivery and electrolytic firm. Spelter and iron unchanged while tin remains steady around 44.42 to 44.48 with spot pricing.
London on June 7 quotes lead at 332 pounds 5 pence a ton and speltter at 73 pounds 0s 0d. Copper pot trades at 124 pounds sterling, electrolytic at 142 pounds 0s, 8d, and spot tin at 184 pounds 0s 10d with futures at 184 pounds 15s.
Galveston marine intelligence lists arrivals El Alba from New York El Paso from New York El Monte from New York on June 1. It notes failed vessels Medina from New York Fort Gaines from November and Puerto Mexico.
The report states wind velocities under ten miles per hour and precipitation under .01 inch are not published hereon. Allen Buell, Meteorologist.
Austin June 7 Notice that the railroad commission will study on July 11 a consumer complaint from Aransas Pass about crude and fuel oil carload charges from Port Aransas to Aransas Pass. A proposed rate of 16 dollars per car applies only to this route and not as a base for shipments beyond Aransas Pass.
Cotton region bulletin reports unsettled belts with above normal temperatures and widespread rainfall. several stations show over an inch, with hail at Lampasas Waco Greenville Newman and Atlanta. Little Rock and Vicksburg districts spared. data from Aulen Buell Meteorologist Weather Bureau.
Beneficial rains in the Midwest calmed the wheat market after an early uptick. July futures slipped to about 1.04 to 1.05 and September around 1.06 as prices closed weak, with corn moving with wheat and oats showing little action amid local demand and hog market weakness.
Carlots paid prices for grain and hay in San Antonio on Wednesday. Corn listed Texas No. 3 at 82 3/4 cents and mixed at 84 1/4 cents, Northern No. 3 white 82 1/2 cents. Oats: Texas No. 3 red 40 cents and white 50 cents. sulpherzide 5 cents. in sacks 3 cents higher. Hay prices include Milo maize No. 3 bulk 1.11, fet erita No. 3 bulk 1.11, Kaffir corn No. 3 bulk 1.11, cane hay per ton 11, prairie hay per ton 10.50, Johnson grass per ton 17, alfalfa unspecified.
Quotations listed for corn and oats show No. 2 red and hard wheat at around 1.06, No. 3 yellow corn at 7E% and 0ates figures. Standard barley trades near 58 to 79 cents. Market observers note varied pricing across grades and futures.
Wheat prices quoted at 1.07 to 1.11 dollars with No. 2 hard and No. 3 hard figures. Corn values showed No. 2 at 72 to 73 cents and No. 2 white around 73 cents. Market notes indicate nominal No. 2 white and related figures in a concise price report.
Kansas City June 7 wheat prices showing hard $1.00 to $1.04 for No 2 red at 99c. Corn quotes list No 2 mixed at 70c to 91%c, No 2 white at 70% to 10%. Oats No 3 white 39 to 40c, No 8 mixed 35 to 36c.
Kansas City grain futures closed steady with July at 98 1/2 cents and September at 99 1/2 cents for wheat while corn saw July 7 1/2 cents and September 6 1/2 cents.
Local packing house quotations to deal ers Wednesday follow. Dry salt extras 14 c bacon extras lei dry salt bellies 14 16 pound average 17 c fancy breakfast bacon 2 c fancy hams 2 c bacon bellies 14 16 pound average 18 c Pure lard 14 c compound.
Pitt Hardacre, famed actor manager, recounts a Glasgow Sunday incident. While leaving a hotel on a sunny morning he walked toward G Square when a policeman eyed him. Asked what he was doing. Hardacre joked he was not whistling. The officer replied he looked too cheerful as if Monday awaited.
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