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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 03, 1916
Page
19
Traders cheer a presidential backing as cotton prices rise on optimism about policy. Investors turn cautious but hopeful about demand and potential reforms.
Cotton prices rise slightly as Washington political news reassures traders. Gore resolution reportedly tabled in Congress boosts sentiment, while Texas markets hold firm with San Antonio bids at 11.10 for middling and Dallas at 11.20 for better staple. Georgia sellers move cotton to storage amid improved export outlook.
The New York cotton market opened steady then eased with May at 11.48¢, July 11.89¢, October 11.88¢. Prices firmed briefly on early rallies and Liverpool buying, but overall activity stayed light and late-day quotes hovered near last night’s levels as fluctuations narrowed.
New York trading shows March cotton at 11.31 cents and May at 11.638 cents with other months around 11.7 to 12.0. Futures closed steady to slightly higher amid brief intraday fluctuations and notes of impending Liverpool open with modest uplifts.
In New Orleans on March 3 the cotton market showed nerves with no clear trend. May led gains on the first call while other months eased. by midday most active months posted a net rise of 3 to 4 points and the market remained dull yet steady in the afternoon.
New Orleans Virginia cotton futures opened steady with May at 11.28 cents and July at 11.53 cents asked. October and December bids ran 11.45 to 11.80 cents with January around 11.91. Closing levels were unchanged to three points lower.
Cotton trading notes show middling spot at 8.11 with a general market tone of speculation and demand. Receipts totaled 27,000 bales with 1,000 bales listed for sale, indicating active volume and price movement.
In Liverpool on March 3 futures held steady across periods with March at 7.64 percent and varied forward points for successive contracts from March-April to February-March. Market notes show small fluctuations among the forward rates.
In New York on March 38 the market shows cotton goods steady and yarns quiet. Men's wear remains firm with mills well employed as dress goods stay firm and silk remains active.
Classified notice seeking an experienced and thoroughly competent trimmer or maker to apply in person at Mindes Millinery Co. located at 120 Alamo Plaza. Immediate hire expected.
Cane granulated sugar rose ten cents per hundred pounds in the San Antonio market. New York refinery quotations to wholesalers listed refined sugar at various prices from seven dollars plus to six dollars and twenty cents per hundred pounds for No. 1 confectioners A. Hog prices and pork products also advanced in livestock markets. Meat prices reached their highest in about sixteen months. Lemon market shows strength with ample fruit jobber supply and no price change yet.
Wholesale prices to trade list potatoes onions tomatoes celery cabbage peppers beets green beans squash okra carrots turnips chili peppers lettuce parsley cauliflower cranberries eggplant spinach strawberries apples oranges lemons limes grapefruit kiwis figs dates canned fruits canned vegetables sugar coffee rice flour and more. Prices include per hundredweight per crate per dozen and per box with regional varieties from California Texas Florida Colorado and Louisiana.
In New York on March 3 gains ranged from fractions to a full point at the open as rails and war issues lead. Trading remains cautious without heavy out of town liquidations though buying activity stays light. Afternoon trade steadies with better motor stocks and war issues. United States Steel ends strong while beet sugar shows temporary weakness from a dividend delay.
Trading in Mexican money in San Antonio Friday showed varied quotations for old and new pesos with Bank of London and Mex. exchange 14% and Carranza money at 64. Mercantile paper quoted at 8 3 4 in New York. Sterling 60 day bills at 4.71 3 4 dollars. cables 4.77. Guilders demand 42 Semiannual bar silver listed at 56 3 4 cents per ounce. Government bonds were strong while railroad bonds showed irregular activity.
New York reports time loans at 60 days 24 3 percent, 99 days 2 percent 43 percent, six months 3 3 percent. Call money steady with high 2 percent low 1 percent ruling rate 1 percent. Last loan 2 percent closing bid 1 percent offered at percent.
Friday market report shows Texas country candled eggs at 16 to 20 cents per pound with Butter firm. Texas creamery at 35 to 35 1/2 cents. packing stock 13 to 15 cents. Hens 5.00 to 6.00 per dozen. fryers 4.50 to 5.50. brokers 2.00 to 3.60. turkeys 10 to 11 cents per pound. ducks 4.50 to 5.60. cheese 7.00 to 10.00 per dozen.
Weekly cotton statistics report total 92 000 bales forwarded to mill with 70 000 from America. Stock stands at 860 000 bales, American 622 000. Imports total 107 000 bales, American 87 000. Exports reach 12 500 bales.
Quotation notes from Kansas City show butter at 32c for creamery, firsts 31c seconds 28c packing 19c. Eggs listed firsts 22c seconds 20c. Poultry prices include hens 15c, turkeys 20c, springs 118c.
Quotations show butter at higher creamery 26 34 cents per pound with receipts 11 901 cases firsts 20 percent. Potatoes receipts 23 cars with white Michigan Wisconsin Minnesota and Dakota at 88 9 4 cents. Poultry alive higher fowls 16 1 6 cents springs 17 4 cents.
Raw sugar firm centrifugal at 5.08 with molasses 4.51. Refined firm and unchanged. Cut loaf 7.50, crushed 7.35, mould A and cubes 6.85, powdered 6.50, powdered fine 6.40, fine granulated 6.35, diamond A 6.35, confectioners A 6.25, No 1 6.20.
Marine intelligence from Galveston notes arrivals and sailings: new arrivals El Norte from New York. Ships EF Siglo and Rosemoor from Britain, Genoa, are listed as sailed.
New Orleans reports Clean Japan rice steady and other grades strong with unchanged quotations. Receipts include Rough 8819, millers 3819, clean 3800. Sales reach 1369 pockets of Honduran rice at 3% Ba3%C.
Bareliver stands at 271 164 per ounce with money at 4.4 percent. Short bills and three months dismount rates set at 5 percent and 4 percent respectively.
Denver reports tally of metal on deposit at the United States mint as of today totaling 407 million dollars in gold and 60 million in silver. An English surgeon has devised a bone repair screws and nuts system to press fractured bone pieces into proper alignment.
Gold imported into the United States from January 1 to February 18 totaled 22,682,000 dollars while exports for the same period reached 14,925,900 dollars. Figures released by the Federal Reserve Board last night note the early 192? period activity.
A Pennsylvania inventor markets a wire bottle handle that converts milk bottles into itchers with a spring controlled cover on top. The device aims to improve sanitary handling and sealing during drainage and storage.
The Boston Herald notes British warships retain classic names across generations, transferring names to new vessels after loss or sale and preserving trophy names from captured ships. It cites Revenge Ark Royal Invincible Terrible Temeraire Formidable and Temeraire, plus fanciful spellings reflecting ship reader slang.
An Irish witness disputes a magistrate over whether he saw a shot fired. The Celt replies he heard it, provoking a sharp exchange. The judge scolds the contempt and demands clearer evidence as the witness deflects with a sly remark.
The speaker contends that the world is getting better, monopoly danger is overstated, and human nature is not ninety percent bad, challenging prevailing gloom and salary doubts.
Higher Liverpool prices boosted wheat in Chicago with May around 1.13 to 1.14 and July near 1.09. News that the Gore revolution was tabled followed by firm closes. corn and oats rose then eased. hog prices added some firmness while overall trading remained scattered.
San Antonio grain buyers paid posted prices for Friday deliveries. Wheat ranged from 1.36 per bushel in Texas to 1.31 for northern. corn prices showed Texas No. 3 at 7 cents and northern No. 2 at 76 to 77 cents. oats cited at 0.50 to 0.55 per bushel depending on form and region. Oklahoma prices aligned with Texas grades.
Fragment lists meat pricing with dry salt bacon and bellies in various weights and prices. Mentions dry salt extras 13 cents and 15 cents bacon, 14-16 pound belly averages, fancy bacon and hams priced around 19 to 26 cents, and pure lard at about 11 cents.
Kansas City market quotes list wheat and corn prices for No 2 hard and red wheat, No 2 mixed and white corn, and No 2 white and mixed oats with cents per bushel ranges. Prices shown include No 2 hard at 103 to 108, No 2 red at 102 to 108, corn No 2 mixed 61 to 67 cents, No 2 white 68 to 69 cents, oats No 2 white 44 to 46 1/2 cents, and No 2 mixed 41 to 41 1/2 cents.
Grain futures closed in Kansas City with May wheat at a listed price, May corn at 68 and a half cents, July at 68 cents, and May oats at 41 and a half cents.
Quotations today show wheat No 2 red nominal hard nominal corn No 2 78c No 3 white 73½c oats No 2 41c No 2 white nominal.
Wheat quotes ranged from No 2 red to No 2 hard at about 1.10 to 1.12 dollars. Corn No 2 yellow nominal. Oats standard at 43 43.5 cents per bushel. Barley listed at 62 to 71 cents.
On March 3 the metal exchange reported lead at 86.45, spelter around 28.50 for June and later, with nearby prices steady. Tin remained quiet at a spot price of about 47.76. Tron listed firm and unchanged.
Turpentine held steady with sales at 50 and receipts 51 ship ments 65 stock 9294. Resin sales 256 receipts 418 shipments 14586 stock 57.705. Quotes list multiple grades with prices from 4.80 to 6.50 for various products including window glass and water white.
Daily cattle sale results list from Fort Worth Texas on March 3 shows consignment details with weights and prices for farms including Benbrook and Brownsville. Records indicate average price per hundredweight and specific lots such as 850 pounds at $7.00 and 746 pounds at $5.50.
Cattle receipts a0 head. market steady. Hogs receipts 2500 head. market steady with top range $8.60 and $8.40 to $8.55. Sheep receipts 00 head. market mixed with listed sales and values for noted buyers in Mustang, Elk City, and Snyder areas.
Receipts and quotations show hogs and cattle movements with prices across hogs pigs and lights mixed and butchers heavy weights steady cattle native beef steers yearlings and cows with varied prices stockers Indian steers and calves and sheep with steady demand and lambs and yearling wethers noted. Market activity described as steady with receipts stated for hogs cattle and sheep.
The cotton seed oil market ended softer with spot at 9.93 and March at 9.96. Prices for April through October ranged from 9.04 to 10.07 with total sales recorded at 14,200 units.
Observations recorded at 7 a m on Friday March 8 1916. Wind speeds under 10 miles per hour and precipitation under 0 1 inch noted. Allen Buell local forecaster signs the brief report.
March 3 Union Stock Yards report shows steady prices with good volume. San Antonio offered 101 cattle 85 calves and 117 hogs, steers 6.25 to 6.40 cows 6.25 to 5.75 calves 6.00 to 7.00 per hundred pounds. Hog strength noted in eastern markets while Chicago Kansas City and St Louis showed modest gains.
Cattle receipts 1200 and hog receipts 4500 with prices mostly higher by five cents. Cattle groups include stockers at 6.00 to 7.00, cows 3.50 to 6.50, heifers 4.50 to 7.50, bulls 4.50 to 5.80, calves 4.00 to 8.00. Hogs show bulk 8.40 to 8.70, heavy 8.70 to 8.75, mediums 8.60 to 8.70, light 8.50 to 8.70, pigs 4.59 to 6.25. Sheep receipts none. lambs 8.50 to 10.50, yearlings 7.50 to 8.50, wethers 7.25 to 7.75, ewes 7.00 to 7.50, culls 4.00 to 5.50, goats 3.50 to 5.90.
Kansas market report shows hog receipts at 300 head with higher prices. bulk 8.70 to 8.98, heavy 8.60 to 8.85, pigs 7.25 to 8.26. Cattle receipts 600 head with higher values. prime fed steers 8.75 to 9.49, dressed beef steers 7.50 to 8.69, southern cattle 6.50 to 8.25, cows 3.00 to 7.50, halfers 6.78 to 9.00, stockers 6.25 to 8.60. Sheep receipts 100 head steady. lambs 8.25 to 10.00, workers 7.73 to 8.40, ewes 7.25 to 8.00.
Receipts and prices for hogs cattle and sheep in Chicago. Hogs 14,000 head with bulk at 8.90 to 9.00, heavy 8.46 to 9.03, pigs 7.25 to 28.30. Cattle 2,600 head market steady. beef steers 7.25 to 9.70, western steers 7.10 to 8.25, cows and heifers 3.45 to 8.45, calves around 50 to 711.25. Sheep 6,000 head market strong. wethers 7.90 to 8.60, lambs 9.26 to 11.36.
Trading in New York coffee futures shows steady activity with March at 8.90 cents per pound and December futures unchanged. Market notes reflect minimal price movement amid balanced supply and demand signals.
The Uncle Sam Oil Company appeals to investors with plans to drill 52 oil wells this week and complete 40 more, aiming for daily output over ten thousand barrels. It highlights three refineries, 165 miles of own pipeline, 120 wells, and stock offered below book value to fund expansion across Pawnee and Rogers counties with high crude prices expected. Investors are urged to reply quickly for full details.
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