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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 09, 1916
Page
19
A report notes the 1916 cotton crop base moving out of Lyford Texas as markets show gains. The advance reflects early movement in the season with traders watching price signals and regional supply shifts.
Daily spot and futures prices rally across Corpus Christi San Antonio Houston and Galveston with fiber from Lyford to Robstown noted. First 1916 cotton bale passed through Robstown marking strongest Texas season signals while southern markets absorb offerings and NY and NO volumes stay light awaiting acreage news.
The New York cotton market rose early on June 9 with October at about 12.91 and December 13.04 on opening calls, aided by Liverpool buyer activity and rumors of Vienna unrest. Prices then eased to around 12.85 for October and 13.01 for December as local covering faded and trading cooled.
Good prices sparked a four to six point gain in the cotton market during the first half hour of trading in New Orleans. The advance was contained by limited room trader selling as favorable weather across the belt encouraged payout expectations.
In New Orleans on June 9 cotton futures opened steady with July 9 and October 12 contracts at 12.66 and 12.79 respectively and December 12.90, January 13.04, and March 13.04. Prices closed 7 to 9 points higher or lower across contracts with varied high low and closing figures noted for Thurs. values.
Liverpool cotton futures drifted with middling around 8.58 pence and 8.24 to 8.06 for nearby months, with large receipts of 7,000 bales including 1,500 for export and speculation. New York coffee futures showed slight steadiness, and Kansas City market notes listed dairy, poultry, and produce quotations with cattle and potato prices noted.
Raw sugar trade data from New York on June 9 shows centrifugal at $6, Lottree 8 at $7, plate sugar at $7. Diamond A at 0.65, corners A at $7.55, No 1 at $7.5. Market notes include various contract quotes and product identifiers.
Classified note from a fire insurance company seeking desk room and employment of a stenographer. Address given as 0 Light. The short notice reads as a business service listing and suggests a vacancy or space hire within an insurance firm.
Department of agriculture forecasts a winter wheat crop of 46 000 000 bushels and spring wheat at 246 000 000 bushels, down 65 790 000 and 8 percent in acreage respectively. Oats may total about 300 000 000 bushels less than last year, with reduced yields in southern states and Oklahoma. Fruit prospects are mixed with good apples but poor peaches. Grain trade in San Antonio shows steady activity. pork prices stable. Corn and oats shipments rise to border markets, with Mexican government import involvement increasing.
United States census figures combined with immigration data show 2 603 776 persons born in Germany in the nation. The total German ancestry population is estimated at 8 282 618, concentrated in New York Illinois Wisconsin Pennsylvania Iowa New Jersey Michigan Minnesota Ohio and Missouri with 11 5 percent in the Middle Atlantic in 1910 overall German ancestry making up nine percent nationwide.
The Cotton Region Bulletin reports the 24 hour follow up from San Antonio with temperatures and rainfall data for the Houston district, noting general belt weather is below normal. Meteorologist Allen Buell of the Weather Bureau provides the remarks and status as of 8 a m.
Wholesale market prices listed for Texas and other regions cover potatoes onions corn celery cabbage peppers beets green beans squash carrots turnips chili peppers lettuce cantaloupes watermelons and more. Included are canned goods dried fruits nuts and grocery staples with rates per crate, bushel, hundredweight and gallon for trade to retailers and shippers.
Liverpool June 9 weekly cotton statistics show 68 000 bales forwarded to mills with 54 600 American. Stock 659 000 including 519 000 American. Imports 56 000 of which 45 000 American. Exports 4254. Prior measures include yesterday stock 995 513, last week 1 071 639 and last year 947 421. Excess this season 0.05. Revenue noted at 8 092 dollars.
A brief market note outlines New Orleans cotton price trends with current bids and shown fluctuations. Reports indicate daily shifts in spot values, offering a snapshot for traders and mills.
Hides offered in Green salted and dry grades with prices from 18 to 24 cents per pound. Heavy dry flint butchers 24c, light dry bulls stage damaged, one third less. Wild hogs 50c, small animals 30c. Beeswax 26 cents per pound. Tallow price listed per pound.
Galveston reports arrivals and sailings for maritime traffic. Arrived: Galtoise from Belgium and Norfolk. Sailed: El Alba bound for New York.
Quotations were recorded with butter at 26% for creamery firm, eggs rising with receipts at 17,608 cases. Potatoes advanced with old receipts in Michigan Wisconsin Minnesota and Dakota white at 1.10 to 1.19, Triumphs new receipts 1.75 to 1.90, Louisiana white 1.70 to 1.80. Poultry alive fowls higher at 18¢.
Savanna h, Ga by June 9 Turpentine firm shows 239 sales 689 receipts 29 shipments 13 444 stock while resin firm reports 1735 sales 461 shipments 58 96 stock Quotations list grades A through W with prices from 4.95 to 8.06 and 6.75 for W G 6.75 W WwW 6.00.
Buyers paid for country produce in San Antonio on Friday with eggs steady at 18 19 cents per unit and butter steady. Texas country candled eggs 18 to 19 cents, creamery butter 25 to 20 cents per pound, country 20 to 25 cents, packing stock 19 to 20 cents. Poultry steady with hens 5 to 6 dollars per dozen, large fryers 6 to 6 50, broilers 3 50 to 4 dollars, turkeys 16 to 17 cents per pound, ducks 5 to 6 dollars per dozen, geese 6 to 7 dollars per dozen.
The Chicago Herald reports experiments show odor travels in water similar to air and affects fish behavior. Bait in gauze is detected within minutes, and scent can lure dogfish and trout, challenging the view that smell is irrelevant in angling. A humorous exchange about efficiency follows.
New York June 9 Railway shares led gains as trading resumed with United States steel and other industrials rising. Beet Sugar hit a new high of 84 percent while munitions and low priced rails climbed, closing strong after a brisk session.
Mercantile paper quoted 3 4 percent to 8 percent. Sterling exchange 60 day bills 4.72 percent, demand 4 75 11 16, cables 4 767 16. Guilders demand 419 16, cables 41%. Mexican dollars 48 4 cents. Government bonds easy, railroad bonds firm.
On June 9 in New York time loans were quoted at 34 percent for sixty and ninety days and above 2 percent for six months. Call money was firm with a high of 3 percent, a low of 3 percent, the ruling rate at 3 percent, last loan 3 percent, closing bid 3 percent, and offered at 3 percent.
In London the market shows bar silver at 0.41 percent and money at 8 percent. Discount rates include short bills at 49.16 four percent and three months bills at 49.164 four percent.
A state banking board meeting in Austin awarded a certificate of authority to the Guaranty State Bank of Amarillo to do business in Texas. The bank has capital stock of 76000 dollars.
The metal exchanges quote lead offered 6.90 with Spelter nominal and copper firm. Electrolytic nominal for September and later at 28.00 29.25. Iron steady. Tin easy with spot at 44.25 4.75.
London market brief lists current prices in pounds sterling for copper tin zinc and related futures. Readings show 31 pounds 15 shillings for read metal, 71 for spelter, 123 spot copper, futures at 119 10, electrolytic 142, spot tin 187 15, futures 188.
The state fire insurance commission will continue the hearing on applications by fire insurance companies outside Texas for a 331 3 percent rate increase until Monday, June 19. T. I. Lauve of the Trelevant Cochr an Company of Dallas attended the session.
Wind velocities under ten miles per hour and precipitation below .01 inch are omitted. Meteorologist Allen Buell notes the standard reporting threshold and clarifies what data is not published here.
Union Stock Yards reports show hogs leading gains of 5 to 15 cents per hundredweight with Fort Worth strong on hogs and San Antonio steady. Receipts include 1150 cattle and 400 calves as cattle hold steady with steers 6.50 to 7.00, cows 6.00 to 6.50, calves 7.00 to 7.50, hogs 8.00 to 9.10, no sheep or goats offered.
Fort Worth market bulletin shows cattle receipts about 2000 with prices from 4.25 to 8.75 for beef, stockers 5.50 to 7.00, cows 4.25 to 6.76, heifers 5.50 to 7.75, bulls 4.29 to 6.00, calves 4.50 to 9.50. Hogs receipts 2500, prices 7.20 to 9.25, various grades and weights listed. lambs 9.00 to 10.00, yearlings 8.00 to 8.50, ewes 6.50 to 6.75, goats 3.50 to 4.75.
Kansas City markets show hog receipts at 6000 with steady demand. Bulk pork sold 9.00 to 9.25, heavy 9.25 to 9.40, light 5.90 to 9.25, pigs 8.50 to 9.00. Cattle receipts 1000 with steady trend. Prime fed steers 10.35 to 10.85, dressed beef steers 8.00 to 10.20, southern 7.00 to 9.85, cows 5.59 to 8.50, heifers 7.50 to 9.75, crockery 6.75 to 8.50. Sheep receipts 2000 with steady market. Lambs 9.50 to 11.25, yearlings 8.00 to 9.25, wethers 7.25 to 8.26, ewes 6.75 to 7.75.
Chicago reports receipts of 16 000 hogs and 8 000 sheep with the market steady. Hog classes ranged from 6 85 to 9 55 for pige and heavy, native beef steers up to 11 30, cows and calves up to 11 85, and lambs from 7 75 to 10 35 with wethers at 7 00 to 8 25 and springs 8 35 to 11 25.
Receipts and quotations show hogs with 7000 head and steady to higher markets. Pigs and lights 7.75 to 9.50, mixed and butchers 9.10 to 9.65, bulk 9.20 to 9.55. Cattle receipts 1300, steady market with native beef steers 7.50 to 11.00, yearling stockers 8.50 to 10.50, cows 5.50 to 8.60, Texas and Oklahoma steers 5.50 to 9.50, prime yearlings 8.75 to 10.25, calves 6.00 to 11.60. Sheep receipts 2000, market steady with wethers 7.00 to 8.50, clipped ewes 6.50 to 7.00, clipper lambs 10.00 to 11.36, spring lambs 10.00 to 11.50.
The New York Herald laments the wax doll girl on magazine covers and the lack of meaningful art on newsstands. The piece notes viewers’ misplaced affections for film heroines while criticizing shallow imagery. Boston unveils a new 1200 foot dry dock, claimed as the largest in the Americas.
Wheat prices rose sharply on a government crop report showing strength. July futures opened about 1.5 percent higher, moved to around 1.06 to 1.07 dollars, with September near 1.08 to 1.09. Corn followed but with selling pressure. pork and lard varied as supplies remained uneven.
Friday buyers paid Texas No 3 corn 82 c mixed 1 c Northern No 3 hay 2 c mixed ac oats Texas No 3 red 40 c white 0 c sulfurzide Sic per bushel higher hay Milo matze No 8 bulk 1.11 Eritita No 3 bulk 1.11 Kaffie corn No 8 bulk 1.11 cane hay per ton 11 prairie hay per ton 10.50 Johnson grass per ton 17 alfalfa choice pea green.
Quotations from Chicago show Wheat No 2 red at 1.04 and 1.08 percent gains No 8 hard 1.06 and 1.07 percent. Corn No 2 yellow at 75 and 17 percent. Oats Standard 41. Barley 59 and 80 cents.
Quotations today show wheat at No 2 hard 1.02 to 1.07, No 9 1/2 red 1.01 to 1.07. Corn ranges No 2 mixed 70 to 70 1/2 cents, No 2 white 70 1/2 to 71 1/2 cents. Oats lists No 2 white 39 to 40 cents, No 2 mixed 35 to 36 cents.
Kansas City grain futures closed steady June 9 with July wheat at 1.00 percent and 1.02 percent for Sent. July corn at 68 percent and 67 percent respectively.
In St. Louis on June 9, quotes show wheat No 2 red and No 2 hard unchanged. Corn No 2 yellow and No 2 white unchanged. Oats No 2 and No 2 white steady. Prices listed as nominal.
Chicago provision market report from June 9 lists quotes for salt pork belly bacon and lard with varied prices. Notable items include salt extras bacon extras fancy breakfast bacon and pork products with per pound ranges.
Quotations for cotton seed products listed in June and October terms with prices such as 1082 and 600, while a brief note mentions a woman inventor connected to the seed trade and a contract expiration. The legible fragments hint at market activity and patent or invention reference but lack full details.
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