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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 10, 1916
Page
13
Cotton industry headlines trigger a reaction across Mexican media with Southern spots signaling firmness in policy and market responses. The report notes heightened coverage and swift comments from industry observers.
Cotton prices rose early amid optimism over the Mexican situation but weakened in the afternoon. Front months showed a three to four point loss, while San Antonio spot middling sold around 11.50 cents per pound. Prices at local compresses Friday varied by grade with low middling and strict good ordinary quoted near recent levels.
The cotton market opened lower on March contracts then rose on buying, with May at 11.83 and July near 12.00 while October touched 12.18. Private wires report strong spot demand from New Orleans, Norfolk, Savannah, and Dallas, though Mexican tensions and higher marine insurance fears kept sentiment unsettled.
The torpedo boat destroyer Coquette under Lieutenant Vere Seymour and torpedo boat No. 11 under Lieutenant John A T Legh were sunk by mines off the east coast. Casualties total forty five with one officer and 21 men from Coquette and three officers and 20 men from No. 11.
U S Department of Agriculture data show Texas onion acreage up about 65 percent from last year as prices attract South Texas growers. Nationwide supply of old onions is nearly exhausted while the San Antonio wholesale district reports steady receipts of eggs butter and poultry and firm meat prices. Provisions quote highs and grocers hold steady on selling prices as the country awaits the Texas crop.
New York cotton statistics show Bates and Stock figures for yesterday with last week and last year comparisons. Futures opened steady for May to December contracts with modest gains or losses and closed 2 to 4 points lower. Liverpool calls are noted for Saturday with lower expectations.
Precipitation yesterday none, normal for the day. .04 inch daily deficiency. Total since January 1 2.26 inches, deficiency 1.85 inches.
Chicago buyers pushed grain higher on a buying movement as Liverpool quotations strengthened Europe's outlook. May wheat rose to 1.12 from 1.11 and July to 1.10 as Argentina shipments lagged last year, while corn and oats followed upward with firm closes and hog prices lifting provisions.
The New Orleans cotton market opened with gains of two to three points above yesterday's close but soon faced selling after the news of the French steamer Louisiane's clearance. By late morning prices hovered six to eight points above yesterday's close and fourteen to sixteen points above the intra-day lows as traders weighed bullish interior reports and potential supply issues from Texas.
San Antonio grain buyers posted prices for Friday deliveries. Wheat Texas No 1 Northern 1.30 per bushel. Corn Texas No 3 0.75, Northern No 2 mixed 0.76, Northern white 0.77 0.80 per bushel. Oats Texas red 0.60, in bulk. sacks 0.50. Northern white 0.65 in bulk. sacks 0.60 per bushel. Oklahoma prices mirror Texas grades.
New Orleans futures markets show opening bids for May at 11.68, July 11.92, October 12.04, December 12.17, and January 12.27, with reductions of 1 to 8 points noted across contracts. Trading figures list intraday highs and lows and hint at mixed movement for the session.
Spot cotton prices for March 10 show middling eight eight four, middling low eight point five one four. Demand noted at 4000 bales with 1000 for export and speculation. Receipts recorded at 19,000 bales.
A great fire swept through warehouses at Muenchen Gladbach in Rhenish Prussia sixteen miles southwest of Dusseldorf destroying a large quantity of merchandise. The report comes from German newspapers received in Amsterdam via London.
Out of town applicant seeks a position as housekeeper at G I and G N hotel. Message from an unnamed writer indicates willingness to work and requests contact or consideration.
Mrs F E Scobey won the Class A championship and Mrs H Duane Elliott won Class B in the women’s golf tournament at the Country Club. Scobey beat Mrs Robert M Silsbee 4 and 2, Elliott beat Mrs J H Burleson 4 and 3, each receiving English trophies sent by club member Robert Reid Russell.
A Petrograd dispatch reports Russia plans to convert the recently captured harbor of Riza into a naval base for the push on Trebizond, about thirty five miles away. The Russians hold full control of the Black Sea and seek constant vigilance on the Bosphorus.
A severe winter storm with snow sleet rain lightning thunder and winds up to sixty mph prompted school closures across Michigan last night. No serious damage was reported as districts faced hazardous travel and weather conditions.
Dry salt extras 13 to 14 percent, bacon extras 15 percent, dry salt bellies 14 to 16 pound average at 16 percent. Fancy breakfast bacon 26c, fancy hams 19c, bacon bellies 14 to 16 pound average at 17 percent. Pure lard 12c, compound lard 14 to 14 percent.
Market bulletin shows No 2 hard yellow wheat at 44 or 62 cents per unit and oats standard prices around 42 to 76 cents. Quotations listed for March 10 reflect nominal price movements in Chicago trading.
St Louis report shows receipts and prices for wheat corn and oats. No. 2 red wheat 1.18 to 1.19, No. 2 hard nominal. Corn No. 2 72 to 72 1/2 cents, No. 2 white 72 1/2 cents. Oats No. 2 nominal, No. 2 white 41 1/2 cents.
Kansas City marketwire reports daily quotations with grain and feed items. Prices listed include corn, oats, and mixed feeds across No. 2 grades, highlighting rounded cents and fractions for quick reference.
Grain futures closed with Wheat May 1.93 percent, July 1.08. Corn May 70 percent, July 72 cents. Oats May 41 cents in the Kansas City session.
Turpentine firm reports 48% 49 sales and receipts 40 with stock 10 074 units while Resin firm shows sales 717 receipts 400 shipments none and stock 5 109. Quotations list multiple buyers with prices ranging from 5.65 to 8.45 for various grades and firms.
New Orleans market report shows rough Honduras and Japan prices steady with clean Honduras and Japan steady. Receipts total 6082 rough 4715 millers 3763 clean. Surface sacks Honduras at 3 for 3.60 and Monduras at 3.4 cents per pound. Quotations unchanged.
Local entertainment listings include a Dixie moonlight dance at W O W hall on Saturday March 11 with Willett's orchestra and admission 26 cents. Also details on children's show Rip Van Winkle at Queen Theater and free public lecture on volcanoes by Dr. Frederic Simonds at Main Avenue High School auditorium.
A car carrying number 251 owned by Paul Peeper was stolen near Navgara street around 10 o clock Thursday night. Furlong returns from Springfield Mass after his mother’s death and plans to reside in San Antonio. Welfare work progress at Wesley House noted with donations from area residents and extensive help to 1100 people in February. Local events include a colored church barbecue at 512 N Flores and an ad for Hudson Super-Six service.
Dulling Printing Co. offers calendars and wall pockets for 1917 with a 10 percent discount and prepaid charges. Prices save from two to ten dollars or more depending on quantity. Store at 181 Losoya St Cr 3388 in Adv. markets.
Dr Henry B Scurlock aged 59 died in a San Antonio sanitarium early Thursday. He was Texan by birth and had lived in Losoya on the Coroua Christi road for the last decade. Survived by his widow and several children in Louisiana. Funeral from Riebe Undertaking chapel at 10 o clock Friday. Interment in Applewhite cemetery on the Medina river. Loses on Appeal A $10 and costs fine for leaving auto on Houston street more than 22 minutes faces County Criminal Court appeal from the corporation court.
Injunction case began Friday before District Judge 8 G Tayloe to block city action revoking billboard permits after a new ordinance paid inspectors to revoke or deny permits. Hearing expected to finish that afternoon.
New York on March 10 reports coffee futures easing with May at 8.06 cents and December at 23. The Rio contract stands at 9 percent.
New York stocks opened with hesitation as the evolving Mexican situation influenced market mood. While copper, Marine preferred, Baldwin Locomotive and Texas Company advanced on ex rights, later gains broadened though standard shares lagged. news of potential U S military action against Mexico caused late selling, ending irregular.
Bar silver traded at 274 pence per ounce in London on March 1. The money rate stood at 4.4 percent with discounts on short bills and three month bills at 5 percent.
Lead bids at 6.90 in New York with no spelter quote. London metal market reports lead at 83 pounds sterling 10s per ton and spelter at 93 pounds sterling.
The record lists Captain Monroe C Kerth of the Thirtieth Infantry as detached April 29. Captain G Arthur Hasselil of the Infantry is relieved April 28. Captain Hassell is relieved from organized militia April 29. Captain Walter C Sweeney of the Twenty first Infantry is relieved from organized militia April 25 and will join his regiment. Captain William P Jones of the Quartermaster Corps will inspect Wickshuts National Cemetery and Baton Rouge and Port Hudson National cemeteries. Major Frank Caldwell of the Eleventh Cavalry is detattled to fill a vacancy in the inspector general's department effective May 5, relieving Major John M Jenkins May 7. Caldwell will report to the western department commander in San Francisco for assignment upon arrival.
Receipts: cattle 400, market steady. Hogs 2100, prices 20 to 25 cents higher. Sheep 100, market steady. Locations Roswell Yukon Okla. Route notes show mixed data with unclear figures and prices. overall market activity mixed with gains in hogs and steady cattle and sheep segments.
Kansas City market report shows hogs receipts 3500 with higher prices. fluik and heavy, light and pigs prices listed. Cattle receipts 500 with strong market and prices for prime fed cattle, dressed steers, southern steers, cows, heifers, stockers. Sheep receipts 500 with steady market and prices for lambs yearlings and ewes and wethers. figures to 11.15 for lambs and 10.00 for yearlings.
Buyers paid varying prices Friday for country produce in San Antonio. Butter and Texas creamery items ranged 31 to 33 cents per pound, country butter 18 to 20 cents, packing stock 13 to 16 cents. Poultry prices included hens 5 to 6 dollars per dozen, friers 4.50 to 6.60, broilers 2 to 3.60, turkeys 4.60 to 5.50 per dozen, ducks 4.60 to 5.50 per dozen, geese 7.00 to 10.00 per dozen.
The United States Steel Corporation reported its February monthly orders at 8,568,986 tons, up 646,199 tons from January and above the December 1906 high of 8,489,719 tons.
The New York cotton seed oil market closes firm with spot bids around 310.45 and a range of prices for months from April to October. Total sales reach 2600 units with varied bid and offer levels reflected across the curve.
Chicago trade bulletin shows eggs lower with 16 949 cases receipts and mixed price moves for firsts and ordinary firsts. Potatoes rise across Wisconsin Minnesota and the Dakotas with white varieties trading from 85 to 105 cents. Poultry prices higher with live fowls at 17 cents and springs at 18 cents.
Jobbers report a steady trade in wash fabrics white goods linens and dress fabrics with primary markets firm yet quiet. Yarns remain steady and raw silk shows higher prices with fair buying activity reported.
Liverpool reports weekly cotton totals with 91 000 bales forwarded and 76 000 American bales. Stock stands at 924 000 total with 680 000 American. Imports reach 162 000 with 128 000 American, Exports at 6150.
Raw sugar and refined sugar prices are listed for March in New York. Figures include centrifugal sugar at 5.27 and refined items such as Cut loaf 7.50, crushed 7.36, powdered 4.50, and fine granulated 6.35 with various brands like molaenes suger and moull A.
Observations recorded at seven in the morning on Friday March 10 1916 by the local forecaster.
Hogs rise to about 109.50 at St. Louis with prices well above yesterday across markets. Chicago receipts total 18 000 hogs as supply builds. San Antonio hogs improve with top 3.75. Fort Worth packing hog top reaches 9.50 while cattle stay steady with steers 7.00 play and cows 6.50 to 7. Calves range 6.75 to 7.50 with no sheep or goats offered.
Fort Worth Texas on March 10 reports cattle receipts around 1500 with steady market and hog receipts near 5000 with prices 15 to 25 cents higher. Cattle: Beeves 6.50 to 8.00, stockers 4.50 to 7.25, cows 3.50 to 7.00, heifers 5.00 to 9.00, bulls 4.50 to 7.25, calves 4.00 to 8.60. Hogs: bulk 9.25 to 9.50, heavy 9.55, mediums 9.40 to 9.50, lights 9.00 to 9.100, common 8.00 to 8.80, pigs 4.05 to 7.00. Lambs 8.50 to 10.25, yearlings 7.50 to 8.50, wethers 7.25 to 7.76, ewes 7.00 to 7.50, culls 4.50 to 6.60, goats 4.00 to 5.25.
Chicago receipts show hogs at 18,000 with varied market quotes from 9.45 to 10.00 and pigs to 19.10. Cattle receipts reach 100 with beef cattle around 7.49 to 9.90, westerns 5 to 8.45, stockers and feeders 3.60 to 8.60, calves 8.50 to 11.2. Sheep receipts total 900 with wethers 6.25 to 8.85 and lambs 8.7.
Receipts and quotations show hogs 6000 head market higher with pigs and lights around 7.0 to 10.05, cattle receipts 900 with native beef steers from 7.50 to 9.60 and cows and heifers 4.00 to 6.00, stockers 7.85, sheep receipts 1700 with yearling wethorse 5.30 to 10.86, ewes 6.59 to 8.25.
Quotations today show butter at 4 cents for creamery firsts and seconds, eggs at 138 cents for firsts with seconds not listed, poultry prices with hens 15 cents turkey 20 cents and springs 1 shilling.
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