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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 01, 1916
Page
15
Reported figures indicate yesterday’s stock at 0. S ports show 1,508,297 of an unknown item, down from 1,593,005 the same day last week and 1,751,619 for the season. Yearly totals read 943,323 in recent data.
Exports data show total U S shipments at 109 024 units with notable volumes from Japan and other regions. A separate figure lists 27 221 for a specific category followed by 653 for another metric.
Turpentine receipts reported in Savannah for March show 87 shipments 211 and steady sales with receipts totaling 1212 and stock six. Notable prices listed include Bex Co DB F 4.75 G H gas 00 EK M 5.75 N 6.00 and W W 38.50.
Reports of disasters to British vessels unsettle markets as buyers push for higher early prices. Traders note firmer tones across futures and spot markets on Wednesday as nerves grow over shipping risk and crop shipments.
Quotations for middling cotton and daily sales shown across U S ports including San Antonio Galveston New Orleans and Liverpool. Prices listed per market and totals of sales and inventories are noted with figures such as 11 452 900 and 11 136 508 reflecting delivery terms and market activity.
Submarine warfare worries push the cotton market lower at times with sharp intraday moves, while Washington reports lift sentiment. final prices hold near yesterday's levels as San Antonio buyers bid 11.00, Dallas and Houston around 11.50, and New York and New Orleans little changed. Liverpool seeks large U S supplies and a March 9 11 meeting in Austin aims to craft a uniform marketing plan with officials and industry leaders.
The New York cotton market opened unsettled with May and July drifting as much as 8 to 18 points. Improved sentiment in New Orleans and firmer futures lifted May to 11.43 and July to 11.62 before a quiet afternoon. overall the market ended steady after solvent liquidity and war risk worries influenced early trading.
New York cotton futures opened easy with March at 11.28 and December at 11.93. Early trading showed prices drifting, with futures closing 1 point up to 1 point down amid unclear post session notes and stray figures.
The report notes Liverpool set to open Thursday with a modest 2 to 3 point higher line. An eleven o’clock call is logged as New York call and close. The data includes irregular figures like 11.43 PAY and small wagers 1.66 and 1.63, suggesting a betting market update.
The New Orleans cotton market opened 3 to 5 points higher on good cables but soon fell as submarine concerns and disaster reports hit. By midmorning prices were 8 to 9 points below yesterday, then dropped 12 to 13 points before recovering to a five point net decline at noon. Afternoon trading was dull and steadying, with a 3 to 6 point net decline by 1:30 and a very steady close at a small loss.
Cotton futures in New Orleans opened steady with May at 11.23, July 11.18, October 11.64, December 11.79, and January 11.91. Prices closed 1 to 2 points lower amid modest trading. bid and offer details mixed with some garbled figures in the text.
The Liverpool spot market shows steady prices with good middling at 804d and low middling at 7.434d. Sales reached 8000 bales, including 2000 bales for speculation and export. Receipts totaled 20000 bales.
Futures easy with a series of forward rates listed for March through January. Notable points include March at 7.25 percent and December-January around 7.23 percent.
The Louisville Courier Journal quotes a bride saying she wants to be helpful and asks for coupons to be clipped, addressing her husband in a lighthearted, domestic moment.
The note lists conditions clear partly cloudy cloudy and rain with snow and reports missing figures. It mentions temperature readings. precipitation of .01 inch or more in the past 24 hours and maximum wind details are partially incomplete.
Grocers and jobbers Wednesday announced a price advance of one dollar per pound for both medium and low grade roasted coffee. Rising demand and shipping delays drive the increase, while local brands may follow soon. Sorghum and breakfast syrups drop in price, aided by a bountiful sugar cane crop. Grapefruit demand climbs and onion sets stay strong amid government aid for growers. No changes from local packing houses.
Markets show weak tone with Texas creamery butter at 31 to 33 cents per pound. Poultry prices are listed: hens 5 to 6 dollars per dozen, fryers 4.50 to 6.50, broilers 2 to 3.50, turkeys 15 cents per pound, ducks 4.50 to 5.50 per dozen, geese 7 to 10 dollars per dozen.
Quotations show butter and creamery higher with firsts and ordinary eggs up. Receipts total 11 664 cases with several price splits noted. Potatoes fall on Michigan Wisconsin Minnesota and Dakota white types while poultry remains unchanged.
Kansas City market report lists butter prices at 82c for creamery, 31c firsts, 28c seconds, 19c packing. eggs at 22c firsts, 20c seconds. poultry at 18c for hens, turkeys, and springs.
In New Orleans on March 1 the rice market showed no tone or quotation changes. Rough Honduras and Japan remained strong. clean Honduras and clean Honduras sales were reported with pockets and measures noted.
New York reports quiet but firm cotton goods trading with yarns steady and silks in full demand for full delivery. Men's wear lines were revised upward on duplicate orders and jobbers showed active trade.
The Attorney General department approves three City of Houston bond issues in Austin. The $30,000 bridge bonds, $34,000 paying bonds, and $36,000 waterworks bonds carry 5 percent interest and mature serially.
Observations taken at 7 a m Wednesday March 1 1916. Allen Buell local forecaster notes weather conditions for the area with standard reporting details.
New York stock market opened with a moderately heavy tone and irregular declines across many issues. Copper and specialty stocks were most vulnerable, with some gains by Reading, Baldwin Locomotive, Studebaker, United Fruit, and Industrial Alcohol while United States Steel edged down ex-dividend before recovering. Midday and late trading saw further declines in war shares, with Steck below 86 and general weakness, then brief rallies as short covering helped to readjust before an easy close.
Mercantile payer at 243 percent. Sterling 80 day bills at 4.71 percent. Demand and cables quoted at 84.7814 and 4.77 respectively. Guilders demand 42 and cables 42. Mexican dollars 48 percent. Government bonds firm. Railroad bonds heavy in market activity.
Trading in the Mexican area of San Antonio on Wednesday showed quotations for the money market. Prices and rates reflected typical regional activity with local participants engaged in short term lending and currency exchange.
New York reports time loans firmer with 60 day and 90 day rates listed, while call money remains steady with a high of 2 percent and low of 1 percent. Ruling rate sits at 2 percent and the closing bid stands at 14 percent, with an offered rate at 2 percent.
London closes with bar silver at 26 15 16d per ounce. Money rates at 4 4 percent. Discount rates quoted for short bills and three months at 5 percent.
New York March 1 Coffee prices show No 7 Rio at nominal values with cc firm May at 8.99 and December listings.
Live stock prices rose with hogs reaching the highest level in sixteen months. Chicago top hogs sold around $9 per hundredweight, with eastern markets quoted $8.50 to $8.75. Fort Worth listed top hogs at $8.60 and San Antonio at $7.75, while cattle remained strong across centers and San Antonio offered 474 cows and 104 calves, with steers at $6.15 and most sold $6.25 to $6.50.
Fort Worth Texas reports cattle receipts at 2000 with steady prices across categories including Reeves cattle at 6.50 to 6.85 for stockers and calves at 4.00 to 8.50. Hogs rise slightly with bulk around 8.25 to 8.50 and sheep listings show lambs 8.60 to 10.78 and ewes 7.25 to 7.50.
Chicago reports today list hog receipts at 7 000 with strong demand and prices from 7.25 to 8.90. Cattle receipts at 12 009 with native beef steers 7.25 to 9.65 and western steers 7.1a to 8.25, stockers 5.75 to 7.85, heifers 3.35 to 8.35, calves 8.26. Wethers and lambs receipts 16 000 with prices around 60 and 11.30 respectively.
Receipts and prices for hogs cattle and sheep at Kansas City on March 1. Hogs: receipts 13,000. bulk 8.40 8.70. night 8.39 8.60. pigs 7.60 8.09. Cattle: receipts 5,000. prime fed steers 8.50 9.00. dressed beef steers 7.75 9.50. southern steers 6.50 8.00. cows 4.80 7.15. heifers 6.50 8.75. stockers 6.50 8.40. Sheep: receipts 5,206. lambs 10.70 11.10. yearlings 9.25 10.00. wethers 7.75 8.40. ewes 7.25 8.00.
In St Louis on March 1 receipts rose for hogs to about 15 900 with varied prices from 6 25 to 8 96 for different weights and qualities. Cattle receipts 3290 with ranges from 4 00 to 9 59 for cows, steers and calves. Sheep receipts 3500 with yearling muttons 8 00 to 10 00 and ewes 6 50 to 9 10 reflecting steady tone.
Oklahoma City buyers paid 19 cents higher for 650 cattle with top bales near 8.60 and bulk around 8.40 to 8.45. About 600 sheep showed steady demand with top 10.10. Listings include Marshall Bradley Oklahoma and other ranchers with varied steers and heifers priced from 6.3 to 8.25 across multiple consignors.
Lead at 6.45 per unit with Spelter not quoted. Copper steady at 28.50 for electrolytic nearby and 27.00 to 27.50 for June July. Tin firm at 47.00 to 47.75. Tron steady and unchanged.
London market brief notes copper tin and lead prices on March 1. Lead at 32 pounds 17s 6d, zinc at 111 pounds, spot copper at 101, futures 99, electrolytic 166, tin spot 188 pounds and futures 188 pounds 5s.
Jefferson county Texas sold its $196000 road bonds at a premium of 6.4 percent. The entire issue was bought by Field Richards and Co Seasongood and Mayer of Cincinnati indicating strong demand for highway financing.
Chicago reports an energetic start to Germany's new submarine campaign battered wheat prices. Britons torpedoed ships spurred fears of UK shipments halted. May and July futures fell with May near 1.11 and July around 1.08, corn and oats also weak, hogs lifting provisions amid mixed grain trading.
Carlot buyers reported grain prices in San Antonio Wednesday. Wheat Texas per bushel 1.35 Northern 0.36. Corn Texas No. 3 per bushel 0.80 Northern No. 2 mixed 0.78 Northern white 0.80 0.83. Oats Texas red per bushel in bulk 0.63 in sacks 0.60. Northern white in bulk 0.61 in sacks 0.68. Oklahoma prices same as Texas grades.
Wednesday quotations show dry salt extras at 18 cents per pound and bacon extras at 144 cents per pound. Dry salt bellies average 14 to 16 pounds at 1644 cents, fancy breakfast bacon 26 cents, fancy hams 19 cents, bacon bellies 14 to 16 pounds at 17 cents, pure lard 1144 cents, and compound lard prices vary.
Quotations today show wheat at No 2 red 1.1091 14 dollars and No 2 hard 1.004 1.13 percent. Corn No 2 yellow 76% 76 cents. Oats standard 48 48 cents. Barley 60 70 cents.
Quotations list grain futures in St Louis with No 2 red wheat at about 1.20 to 1.22 a bushel and corn No 2 at 73 cents. Oats No 2 around 41 to 42 cents for the bushel with white oats nominal.
The market quotes show Wheat No 2 hard at 163 07 a bushel No 2 red at 1051 08 percent Corn No 2 mixed 64%%c No 2 white Oats No 2 white 44 46c No 2 mixed 42 41c
New York reports cotton seed oil prices steady across spot and futures. March at 9.88, April 9.87, May 9.84, June 9.81, July 9.77, August 9.79, September 9.75, October 8.99. Total sales reach 13,400 units.
Hal Kiel captured first prize merchandise worth five dollars as he won a Goodyear Tire Company juvenile race in San Antonio on a course bounded by Pecan Jefferson Martin and Navarro. A. De Leon took second with three dollars, Joe Jaeckle third with two dollars, and Frank Wrze ciowo fourth. About 500 spectators saw 36 entrants in two prelim heats feeding into a final over about a mile. Judges were R. H. Hofheinz and H. Rogers with timekeepers J. Ledloff A. Hex and Hector Mabrito. All finishers received prizes. one spill occurred in the final lap with no injuries.
Chief Entomologist Scholl of the state Agricultural Department reports from New Braunfels and Seguin that Comal and Guadalupe farmers are far advanced with plowing and preparing for spring planting. Oats look good, though rain is needed, and there is excessive destruction of cotton and corn stalks by burning in the area. He was accompanied by his brother Hon Louis H Scholl of New Braunfels.
Austin Tex March 1 Fred W Davis commissioner of agriculture returned from Grandview where he attended a farmers meeting and spoke on the question of diversification.
The majority of farmers favor diversification and expect a material decrease in cotton acreage next season. Mr. Davis notes a general trend toward reducing cotton and diversifying as farmers realize higher potential earnings through diversification.
Licenses to operate in Texas for the current year have been issued by the State Department of Insurance and Banking to Munich Reinsurance Company of Bavaria Germany the Pennsylvania Fire Insurance Company of Philadelphia British Foreign Marine Insurance Company of Liverpool England and Fire Association of Philadelphia.
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