Cotton Prices Rise as Senate Supports President
Inflation fears push cotton prices higher after Senate backing for the president. Texas markets note a sharp advance as traders price in favorable policy signals and global demand expectations.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 05, 1916
Page
15
Inflation fears push cotton prices higher after Senate backing for the president. Texas markets note a sharp advance as traders price in favorable policy signals and global demand expectations.
Government letters warn shippers and dealers that eggs with more than 6 percent bad eggs are adulterated under the pure foods act and may be prosecuted. The department notes current receipts and rejects from candling rooms may be unlawful for interstate commerce unless cleaned or denatured. it urges candle inspection before shipment and outlines denaturing for nonfood uses.
The cotton market shows cautious optimism as Washington signals favorable export conditions. Gore’s resolution warning against foreign ships is viewed as administration support, while July futures slip to 11.44 amid earlier declines. Trading remains subdued with buyers in San Antonio paying 8.85 to 9.83 for various grades.
Wholesale prices to trade for vegetables and fruits across regions include potatoes at 2.26 to 2.40 per hundertweight, onions 8.25 per hundredweight, celery 90c to 1 crate, cabbage 2.00 per hundredweight, cucumbers unspecified, beets 35 to 60 cents per dozen, beans 3 dollars, squash 8 cents per pound, sweet potatoes 1.50 to 2.60 per hundredweight, apples Washington Winesap 2.25, bananas 2.60 per hundredweight, oranges 4.00 to 4.60, lemons 4.26 per box, raisins prices by box, canned goods and dried fruits with multiple price points, coffee sugar and grains listed, and various meats and fish priced for wholesale trade.
The March 4 closing positions show the cotton market ranging from 21 to 82 points versus last week. The table lists July futures with advances and declines, reflecting overall mixed movement.
New Orleans on March 4 reports cotton futures closing firm with weekly quotations rising from 30 to 21 points. The article outlines the week’s comparisons and results, detailing price movements and related market activity.
Liverpool spot cotton prices ease with good middling at 8 1.0 followed by middling at 7 834, low middling 7 494. Sales reach 5 000 bales including 500 for speculation and export. receipts total 13 000 bales.
The text lists futures segments with percentages and dates across March to February. Notable entries include March 7.62 percent and several 7.3x rates for consecutive 60 day spans. The sequence covers April through February with multiple year-spanning forward values.
Galveston notes arrival of the steamer Topila from Tampico and the steamer San Jacinto from Newark.
Two English scientists claim to have evolved sas neon by passing electricity through hydrogen at low temperatures, suggesting a novel transformation of a simple element under extreme conditions.
Fort Worth Texas reports cattle receipts 850 with Beeves 6 50 to 8 00 and stockers 6 00 cows 8 90 to 6 50 heifers 4 80 to 7 78 calves 4 00 to 8 00 hogs 1200 with bulk 8 40 to 8 60 heavy 8 80 to 8 85 light 8 80 to 8 80 pigs 4 50 to 6 80. Lambs 8 80 to 106 50 yearlings 7 50 to 8 50 wethers 7 60 to 7 60 ewes 7 00 to 7 60 goats 3 00 to 95 00.
Hogs receipts 5000, prices range 6.50 to 9.25 for various classes. Cattle receipts 350 with native beef steers 7.50 to 9.60, yearlings 8.50 to 9.50, cows 4.00 to 7.25, calves 6.00 to 11.60. Sheep receipts none. yearling wethers 8.00 to 10.06, lambs 9.00 to 11.40, ewes 6.60 to 8.10.
Chicago market report dated March 4 shows hogs receipts 18 000 with strong demand. Prices for night and bulk ranges, while cattle receipts 200 with steady market and beef steers around 7 25 to 9 70. Sheep receipts 1000 with wethers at 8 20 to 8 50 and lambs at 9 60.
Kansas City market notes show hog receipts at 800 head with higher bids across bulk heavy and pigs. Cattle receipts 200 head with steady prices. prime fed steers 8.75 to 9.40. heifers up to 98.00. stockers 6.60 to 8.60. Sheep receipts 600 head with steady values. lambs 10.60 to 11.10. yearlings 7.76 to 8.40. wethers and ewes listed.
Cotton goods were quiet with prices firm in New York on March 4. Wool markets were firm with ready to wear trade active as traders watched stock figures from yesterday and the week.
Kansas City market update lists butter prices with creamery at 33 cents, firsts 32, seconds 29, packing 20. Eggs show firsts 18, seconds not quoted. Poultry quotes include hens at 17, turkeys 20, springs 18.
Elgin Illinois March 4 butter bids at 35 cents with no sales reported.
Government study of farm practices in 21 corn producing regions outlines methods for a productive seed bed and weed control. It links farm economics to tillage choices, noting fall plowing and listing in hot areas and larger farms on cheap land with low cultivation percentages.
Produce buyers in the Texas market list prices for meats and dairy. Butter at 169 Ue per pound, Texas Creamery 88c, packing stock 18 18c, hens 6.00 per dozen, friers 4.50 to 5.86, broilers 2.00 to 3.80, turkeys 15 to 16c per pound, ducks 4.60 to 6.56 per dozen, geese 7.00 to 10.00 per dozen.
Quotations for dairy and poultry include Butter Creamery 82c firsts 81c seconds 28c packing 19c Eggs Firsts 22c0 seconds 20c Poultry Hens 15c Turkeys 20c.
Chicago market notes report butter higher with creamery at 26 84 . eyes lower. Receipts total 11 901 cases with varied prices for firsts and ordinary firsts. Potatoes show 23 car lots with Michigan Wisconsin Minnesota and Dakota whites around 88 94 cents. Poultry alive prices rise for fowls 16 to 17 cents per pound.
George W. Lewis, a 15 year bachelor prospector at Hungry Gulch beyond Tower House, died in the county hospital after lying ill in his cabin for five days without fire or food. He reportedly took two tablespoonfuls of sand to ease pain after reading of the remedy in a medical book.
A reflective line wonders how an old man recalls the exact price of a gold tooth bought decades ago, suggesting he may have kept the head or memory as his record. The fragment hints at aging, memory, and personal artifacts as reminders of the past.
A dull March day on Wall Street saw little trading as investors waited for war news. The market dipped briefly but recovered after the Senate backed the administration on the submarine dispute with Germany. Anglo French war bonds traded heavily while foreign selling eased and domestic indicators remained positive.
Mexican money trading in San Antonio on Saturday showed weak quotes with limited activity. Dealers reported subdued demand and unclear direction in the peso market amid thin holiday volumes.
New York reports mixed market signals with bonds steady while cables show varied demand. Bar silver holds at 66 2/3 cents per ounce as other commodities and currencies perform unevenly.
The item lists March 4 rates: 974 per nee power eis per cent. A ccount rates show half year terms at 6 percent and three.
Metal markets report New York March 4 show copper prices quiet with nearby at 28 to 28.50 dollars and June and later at 27 to 27.60 dollars. Iron prices unchanged.
A strict mother demands obedience from her children. She orders John to close a trap to the flat roof. After repeated commands John finally complies. Two hours later Aunt Mary is missing and John reveals she is on the roof. New York on
A Texas conference will be called by the Bureau of Markets of the State Department of Agriculture under Commissioner Fred W. Davis. The goal is to adopt uniform standards for Texas products to boost prestige in open markets and improve competitiveness with California Florida and other states. Endorsements from eastern Texas business leaders are already sought and invitations issued.
The report details changes in cash reserves across state banks and trust companies in Greater New York. It notes increases totaling hundreds of millions in some components and decreases in others, with aggregate reserve levels and specific vault figures outlined.
In New Orleans on March 4 rice futures stayed firm except for the clean grade of Japan which held steady. Receipts were 6322 rough, 6322 milere, 3698 clean with 530 pockets of Honduras clean at 8 1 2 cents and 406 pockets at 3 1 2 cents. Rice polish at 24 dollars 26 cents per ton and bran at 15 dollars.
New York report notes coffee market activity on March 4 with No. 7 Rio at 9 3 4 cents or 9 3 8, May futures at 87 85, December contract indicated. Market movement described as easy with futures showing slight softness.
The cotton seed oil market in New York closes firm on March 4 with spot bids at 10.00 and near term prices from 10.04 to 10.10 for March through August. Trading shows total sales of 6700 units as the market prints varied quotes and steady demand.
Wheat prices for No 2 red at 1.18 to 1.20. No 2 hard nominal. Corn No 2 at 78c. No 2 white 58c. Oats No 2 41c. No 2 white nominal.
Chicago reports erratic week with wheat prices down for six days and corn and oats off. Provisions climb sharply amid strong hog demand and firmer pork ribs and lard. Export demand weakens late. weather and rains in Argentina help crop movement.
Grain prices from San Antonio show mixed quotes for cereals and corn. Wheat and corn futures are listed with regional price differentials for northern, white, and bulk sacks, reflecting Oklahoma parity with Texas grades.
Local packing house quotations list dry salt extras 13 ½ cents per pound bacon extras 18 cents dry salt bellies 14 to 16 pound average 16 ½ cents fancy breakfast bacon 360 per hundredweight fancy hams 19 cents bacon bellies 14 to 16 pound average 11 ½ cents pure lard 11 ¼ cents compound lard 11 ½ cents.
Chicago reports today show grain quotes with No 2 red wheat at about 1.40, No 2 hard at 1.14, No 2 yellow corn nominal, oats standard and barley at 61 cents. The notice summarizes limited price data and indicates trading activity on the Chicago floor.
Kansas City cash grain quotes show wheat at No 2 hard 1.05 to 1.10, No 8 red 1.05 to 1.10. Corn bids include No 3 mixed 66 to 83 cents and No 2 white around 50 to 60 cents. Oats quotes list No 8 white 41 to 44 cents and No 8 mixed 40 to 43 cents.
Grain futures listed for Kansas City show May corn at 8 1 8 cents, July corn at 8 8 8 cents, May oats at 41 8 cents, with 4% daily or monthly notation and March pricing context.
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