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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 09, 1916
Page
9
Drought conditions across Texas create a bullish impact on cotton prices as supply tightens. Analysts note a material advance in futures and spot markets driven by reduced yields and ongoing demand, with traders watching weather developments.
Cotton prices rose amid scarce offerings and urgent short demand as Texas drought persists. Final New York and New Orleans quotes show futures up one to a dollar and a quarter per bale, with Southern spots up to one fifty per bale over yesterday. Traders noted thin South holdings, weather-driven demand, and reports of active foreign buyers after the war.
The cotton market opened steady and advanced in New York with May at 11.76 and July at 11.96 as a firmer stock market and light selling supported prices. By noon May reached 11.86, July 12.05, and October 12.21 amid scattered Wall Street buying and stronger demand from New Orleans and Memphis.
The article notes Liverpool is set to open Friday from 7 to 7 and mentions an 11 o'clock call following. It includes figures like 11.74 11.88 and 13.06, indicating time or price references in a mixed local-context report.
The New Orleans cotton market steadied after a slow start and opened about 70 points above yesterday. Spot demand improved as drought in Texas and better political climate boosted buying, with May futures up 13 to 15 points at noon and advancing 22 to 23 points by mid afternoon.
New Orleans reports steady cotton futures at the open with May at 11.46 July 11.71 October 11.88 December 11.97 and January 12.07. Earlier quotes show slight gains but end of session readings vary, with October and later months showing mixed results amid volatility.
Cotton trade in Liverpool shows a steady spot market with good middling class priced around 8,000 bales for speculation and export. Receipts totaled about 8,084 bales, with 6000 bales outstanding for sale and 500 bales unsold.
The report notes quiet futures for multiple periods with mid 7.3x percentages and steady cotton seed oil prices in New York. Spot price around 10.44 to 10.49 for nearby months, with October at about 9.34. Total sales reach 19 900 units.
Strawberries sold at 2.50 per crate of 24 pints amid dry weather forcing early ripening. Prospects for a large crop dim as rain is awaited. Carrizo Springs berries supply San Antonio. Sugar markets show strength with forecasts of further beet sugar price rises. one large refinery withdraws from Texas. Hog lard and compound lard rise on cotton seed oil gains. Chicago hog price hits 10 per cwt. Egg receipts rise while shipments to the north wind down. cold storage paying 12 to 13 cents per dozen. No local grain change.
Wholesale markets list prices for vegetables and fruits to retailers and shippers. Colorado potatoes 25 per hundredweight, California onions 3.25, celery 90 cents, Peppers Florida per pound 12. Onions, cranberries, prunes, figs and raisins with varied box and crate rates across Texas California Florida Louisiana and Oregon.</s>
The ten dollar hog appears in markets today as producers reach the goal set weeks ago. St Louis led with hog prices at $10 per hundred pounds, with major markets generally above $9.50. San Antonio offered about 390 hogs and delivered steady prices, while cattle showed strength with steers up to $7 and cows from $5.59 to $6, calves $6.50 to $7.25. no sheep were offered locally as sheep move to other markets.
Fort Worth Texas reports cattle receipts around 2600 with prices from 5.00 to 8.30 for various classes. Hogs receipts near 5500 show bulk trading around 9.15 to 9.30 for heavy and mid ranges, with quality grades and classes listed. Lambs and sheep receipts near 2200 show lambs 8.00 to 10.25, ewes 7.00 to 7.60, and culls down to 4.50.
Chicago market report shows hog receipts around 26 000 with mixed prices from 9.15 to 9.75 per hundredweight and pigs at 7.70 to 8.60. Cattle receipts 4000 with native steers 7.40 to 9.85 and western steers 7.25 to 8.46. stockers and feeders around 5.85 to 8.00. Sheep and lambs listed at 9.75 to 11.60 with market steady.
Kansas City buyers received 6000 hogs with higher prices led by a 9.15 to 9.46 bulk and up to 9.55 for heavy grades. Cattle receipts reached 2400 with prime fed steers at 9.00 to 9. a. dressed beef steers 7.75 to 8.90. cows 5.60 to 7.75. heifers 7.00 to 10.00. stockers 6.73 to 8.66. Sheep receipts listed at 000 with lambs 10.75 to 10.25, rams 9. on, wethers 7.75 to 8.50, ewes 5 to 8.
Receipts and quotations show hogs with 300 head and higher market. Pigs and light hogs around 9.35 to 9.55. Cattle receipts 1700 with native beef steers 7.50 to 9.60, yearling steers and heifers 3.90 to 9.00, cows 5.50 to 6.00, stockers 5.50 to 7.86, Texas Oklahoma steers 6.25 to 8.00, cows 4.00 to 5.00, Native calves about 6.00. Sheep receipts 1800, market strong. yearling wethers 7.70 to 10.00, lambs 9.00 to 11.26, ewes 6.50 to 8.25.
Market report records cattle receipts at 450 head with 10 cent gains and hog receipts at 800 head with 15 to 20 cent higher bids. Top hog price listed at 9.35 while bulk trades run 9.10 to 9.20. sheep receipts about 200 head steady.
Austin reports a week’s crop condition survey shows Fort Bend and surrounding counties with strong soil, promising corn and cotton prospects. Farmers plant oats and garden crops. peanut and potato acreage up in several areas. yet drought presages caution with corn germination and pasture scarcity in Medina and Atascosa.
The Interstate Commerce Commission today approved western railroads proposal to raise the minimum carload weight on wheat and rye from 30 000 to 46 000 pounds. It also justified higher rates on Illinois coal moving west of the Mississippi and rejected increases on broom corn from Kansas Oklahoma, Colorado and New Mexico.
Arrived at Galveston March 9 are the El Oriente and Concho from New York and the Kil Patrick army transport and Cristobal. Sailed are the El Sol from New York and the Esperanza de Larrinaga from Britain and Manchester.
Raw sugar pin centrifugal 5.27. Molasses sugar refined forms vary with cut loaf at 7.50, crushed 7.35, mould A 6.85, cubes and powdered 4.65. XXXX powdered 4.50, fine granulated 6.35, diamond A 6.35, confectioners A 6.25, No 1 6.20.
In New York on March 9 brisk early trading lifted shares led by metals and rails. American Zinc surged to a new record, United States Steel rose amid broad gains, with Crucible Steel National Lead Texas Company Marine preferred and New York Airbrake among leaders.
Mercantile Paper at 3.3 percent per year in New York deals with 60 day site at 471, demand 4.76 percent, cables 4.76. Sterling rates 60 days 471, cables 4.76. Guilders demand 42 percent cables 4249. Bar silver 5640. Mexican dollars 13 1/2 percent. Government bonds steady, railroad bonds uneven.
New York loan rates show 60 and 90 day terms at 24 and 38 percent with six months at 343 percent amid firm call money around 1 to 2 percent. London bar silver stands at 27.4 per ounce with money at 4.4 percent and short and three month discount rates near 6 percent and 0.5 percent.
New York markets report lead at 6.75, spelter not quoted. Copper dull with nearby at 28.00 28.60 and 27.26 27.50 for June and later. Tron steady. Tin strong on spot at 50.50 bid.
London market brief with quoted base metals prices for lead speller copper tin and electrolytic copper spot futures and spot tin listed in pounds shillings and pence at London exchanges. The report provides levels for spot and futures across several metals as of March 9.
Booneville Missouri March reports Captain E Leonard millionaire cattle breeder and owner of what is said to be the oldest short horn herd in the United States died today aged 77 The Leonard herd has been owned seventy six years by four generations of the Leonard family
Local Forecaster records the morning observation at seven o clock on Thursday March 9 1916. Readings include general meteorological notes typical of the period with no extreme events reported.
In Austin on March 9 a large gathering of warehouse managers and others focused on financing and marketing the cotton crop. The three day session in the Senate chamber, led by State Warehouse Manager Weinert, aims to form a state organization to support cooperative marketing under the state warehouse and marketing law. Robert I. Nixon of the Federal Department of Agriculture will speak tomorrow afternoon.
Quotations were given for cotton today with receipts at 24 178 cases and firsts about 18 19c. Ordinary firsts listed at 174 18c and at mark. Potatoes rise with Wisconsin Minnesota and Dakota white 98c to 1 05, Michigan white 98c to 1 02, Minnesota and Dakota Ohio 95c to 1 05. Poultry alive prices higher with fowls 17c and springs 1c.
Kansas City report shows dairy prices with creamery at 4 cents, firsts 32 cents, seconds around 0 cents, packing 20 1/2 cents. Egg values list Firsts 18 cents with seconds not quoted. Poultry prices include hens 5 cents, turkeys 20 cents, springs 18 cents.
New Orleans March 9 reports a strong tone in rough Honduras and Japan markets with clean Honduras rice steady. Receipts total 11 708 rough, 11 408 millers, 8 052 clean. sales include 1 302 pockets clean Honduras at 8 5-8 cents per pound.
Osnaburgs and duck were firm and active today. Cotton goods were generally firm. Yarns are irregular, spinners firm. Delays in shipments are numerous due to transportation difficulties. Labor troubles in se centers are becoming more serious.
In Sver Georgia on March 9 turpentine held steady at 48 percent. Sales recorded 100 receipts 68 shipments 213 stock 9.03. Resin sales 253 receipts 123 shipments 1203 stock 84,709. Quotations list several buyers and ranges from 4.9 to 6.39 cents per pound, with various producers noted.
New York markets report coffee futures with May and December contracts steady near eight dollars and change. Traders note firm tone and modest volume amid broad commodity steadiness.
Chicago reports a sharp rally in wheat after an early decline from the government crop report. May futures moved around 1.11 dollars, July near 1.09, with corn showing similar upturns as traders weighed Argentine shipments and overall market sentiment. Oats traded with less distinction as hog prices surged on season highs.
San Antonio grain buyers posted per bushel fees with Wheat at 1.31 from Texas Northern and Plain varieties, Corn No 2 at 12 to 80c per bushel, Oats Texas red and northern white at 6c 7c in bulk and 80c 56c in sacks. Oklahoma prices align with Texas grades.
Thursday quotations show dry salt extras at 18 percent, bacon extras 14 to 16 months age at 16 cents, fancy breakfast hams at 18 cents, bacon bellies note at 17 cents, pure 12 cents, compound 11 cents.
Quotations to Wheat No 2 red 2.15 and a half cents No 2 hard 1.14 1 1 2. Corn No 2 yellow nominal Oats standard price 60 7 4 cents.
Quotations show corn oats and prices in Kansas City trading rings. Prices listed include No 2 white oats at 44 to 45 cents, No 8 mixed 40 to 42 cents, corn mixed around 67 to 67 5/8 cents, and cotton related figures with small variances.
Kansas City report shows wheat May at 32 cents and July at 1.02 dollars, corn May at 69 cents, and July at 1.01 dollars. Grains moved with modest gains and varying front month prices.
Market buyers paid for eggs steady in the country market with Texas creamery butter at 31? per pound. Hens and broilers show modest declines and gains. ducks and geese priced per dozen, while poultry prices vary by item. A stray anecdote from Uncle Pester recalls aging and circus memories in Kansas.
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