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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 11, 1916
Page
7
Market observers note a rise in cotton futures as selling near term raises concerns about supply and demand. Analysts say volume remains light while traders weigh production prospects and global demand shifts.
The principal spot cotton markets list middling prices for delivery at various locations led by New York trading to begin the day steady with gains on overnight spot strength. By session end, prices weakened near the prior close as liquidation and local selling pressed futures, with May to October futures easing modestly and the close steady within a point or two of the lows.
In Independence Kas on March 11 the Prairie Oil Company raised mid-continent crude by 6 cents to $1.40 per barrel, a record high for the field. Tulsa on the same date notes Prairie Oil and Gas Co lifting Oklahoma crude by 5 cents to $1.45 per barrel, marking a new peak.
New Orleans cotton opened with gains of 8 to 4 points but faced weekend selling as recent buyers reduced bids. Prices at opening were unchanged to down from yesterday, then fell as news of the sinking of the Norwegian bark Silius increased selling pressure. By session end, prices were 11 to 14 points below yesterday’s last quotations, closing steady with a decline of 10 to 13 points.
New Orleans notes cotton opening steady to lower with bids for May 11.67, July 11.88, August 11.99, December 12.11, January 12.20. Prices close 10 to 12 points down. Unclear details show limited clarity on specific contracts and months.
Liverpool March 11 spot cotton eased with good middling at 7.80 pence, middling 7.80d, low middling 7.50d. Sales total 3000 bales, including 800 for speculation and export. Receipts 30,000 bales.
Liverpool market summary lists forward rates by contract, including March 7.63% and various spreads. The table shows successive contracts from March through March-April and into next year with small percentage shifts.
The Texas Department of Insurance and Banking warned a major insurance company that a contract with a large oil company to insure compensation risks is unlawful. The department said the agreement would reduce rates below those authorized, and only rates set by the state Industrial Accident Board may be used.
The off market cotton seed in New York closed firm with spot bids at 10.40 for March and 10.42 to 10.50 for March contracts. August quotes ranged 10.40 to 10.48 and September 10.37 to 10.39, with October at 9.46 to 9.48. Total sales reported 6,300.
Observation notes capture a local forecast taken at 7 to fay on Saturday morning March 11 1916 by Local Forecaster.
Wholesale prices to trade list fresh produce and canned goods by region and item. Potatoes, onions, tomatoes, celery, cabbage, greens, citrus, fruits, canned goods, flour, grains, seeds, and nuts priced per hundredweight, crate, pound, or per ton with regional notes from California, Texas, Florida, Washington, and other areas. Prices include Pulses, meats, fish, and dry goods with standard industry unit terms.
Yesterday saw no precipitation, a normal pattern for the cay. Total since January 1 is 2.26 inches with a 1.89 inch deficiency. daily deficit stands at 0.04 inches.
Chicago March 11 Weakness developed in the wheat market as estimates show surplus exportable wheat in five countries exceeding world needs for a year excluding Germany and Austria. May and July futures eased, later sinking further after news of a torpedoed Norwegian steamer with Americans aboard. Corn briefly firmed on export hopes but faded, oats trailed, and provisions showed little support with January pork an exception.
San Antonio grain prices show wheat at 1.50 a bushel in Texas, 1.31 in the north, corn at 0.66 in Texas No 3 and 0.76 in the north for No 2 mixed, northern white 0.77 to 0.80. Oats list Texas red bulk at 0.80, sacks 0.50, northern white bulk 0.55, sacks 0.57. Oklahoma prices match Texas grades.
Dry salt extras, 18%c, bacon extras, 16.c: dry salt bellies, 14-16-pound average 8i.c: fancy breakfast bacon, 26c, fangy hams, 19¢, bacon bellies, 14-16pound average, 17c. Pure iard, 112c, compound, 114c.
Chicago on March 11 quotes show Whest No 2 red at nominal and No 2 hard at 1.10. Corn No 2 yellow nominal. Oats Standard at 43 to 44 cents. Barley priced at 62 to 75 cents.
Kansas City market bulletin lists quota tions for various grains and grades on March 11. No. 3 hay and No. 2 red wheat fetch prices around 1.04 to 1.12 per bushel, while corn No. 2 mixed sells at 68 to 69 cents and No. 2 white oats range from 44 to 46 1/2 cents with other mixed and related rates noted.
Grain futures closed mixed with wheat May 1.01 and July 1.02, corn May 0.70 and July 0.12, oats May 0.41 as of the Kansas City market report dated March 11. Prices reflect modest advances in wheat and corn while oats held firm.
Kansas City market quotes show butter at 4 cents creamery, firsts 82 cents, seconds 0 cents. Fane at 20 percent 3 cents?. 8 percent listed 18 cents. poultry hens 15 cents, turkeys 20 cents, springs 18 cents.
Quotations were steady with receipts of 20 219 cases including firsts at 58 to 118 1/2 cents and ordinary firsts at 174 1/2 cents. Butter prices for Creamery firm at 26 to 35 cents. Potatoes noted lower with 32 cars received. Minnesota Michigan Wisconsin and Dakota whites around 95 to 1.08 dollars, Michigan and Wisconsin Ohio region at similar levels. Eggs and poultry prices described as alive but lower for spring fowls.
A concise update on cotton market mood and San Antonio price levels. Analysts note supply pressures and shifting export demand affecting nearby markets. Local buyers monitor prices for lint, seed, and futures movement amid seasonal fluctuations.
Receipts: cattle 600 steady market. Beeves 6.50 to 8.76, stockers 6.00 to 7.25, cows 3.20 to 6.50, heifers 5.50 to 8.50, calves 4.50. Hogs 1000 receipts, 10 to 16 cents down. Prices: 9.40 to 9.50 for heavy, 9.20 to 9.45 for mixed, 9.50 to 9.75 for lights, pigs 4.50 to 4.75. Sheep 100 receipts, market steady. Lambs 8.50 to 16.25, yearlings 7.60 to 8.50, wethers 7.50 to 7.15, ewes 1.00 to 7.60, can to 6.50 for culls, goats 3.50.
Kansas City report shows receipts for hogs and cattle with market steady. Prime fed steers top at 9.60, dressed beef steers 7.75 to 9.15, cows 5.00 to 7.75, heifers 7.00 to 10.00, stockers 8.60, lambs 16.60 to 11.25, yearlings 9.25 to 10.00, wethers 7.0 to 8.60, ewes 7.26 to 8.18, pigs 7.00 to 9.00, bulks 9.50 to 9.76.
Receipts and quotations for hogs cattle and sheep show a slow hog market with varied prices across categories. Native beef steers and western cattle range, calves and feeders noted, sheep market steady with wethers and lambs priced at listed ranges.
St Louis report shows receipts for cattle hogs and sheep with mixed and market figures. Hog receipts around 3.60 and 7.04 to 10.19, cattle receipts 1.50, with native beef steers from 7.50 to 9.60 and yearlings 5.50 to 7.50, cows 4.50 to 6.00, and lambs 8.00 to 11.50 with yearling wethers 8.90 to 10.00. Sheep market nominal with ewes 6.50 to 8.26.
Market prices show Esse steady in San Antonio with Texas country candled at 16 l1c and Texas creamery at 31 383¢ per pound. Country packing stock 13 15c per pound. Poultry firm with hens per dozen 5.00 to 6.50 dollars, broilers 2.00 to 3.50, turkeys 15 to 16c per pound, ducks 4.60 to 5.50 per dozen, geese 7.00 to 10.00 per dozen.
Raw sugar firm and centrifugal at 0.27 with molasses sugar 9.00. Refined sugar items include cut leaf 7.50 crushed 7.35 mould 6.85 cubes 4.65 powdered 4.50 XXXX powdered 4.50 fine granulated 6.35 diamond A 6.25 collectors' A 6.25 No. 1 6.20.
Brief market snippet from New York reports coffee activity. Mentions Rio and steady prices with May at 8.99 and December notes, though details are fragmentary.
In Savannah on March 11 turpentine firms show sales 211 with receipts 7 and shipments 372, stock 725 while resin firms report sales 434 receipts 283 shipments, stock 8419. Quotations list multiple grades with prices ranging from 5.10 to 6.70 across brands A B C BE F H K M N W G and W W.
New York on March 11 reported cotton textiles firm with blue spines withdrawn from sale. Finished cambrics priced at seven cents per yard regardless of gray cloth costs, color constraints chiefly driving the rates. Wood markets remained quiet but steady at top values.
By direction of the president Captain Alpha T. Easton retired from Harvard School Los Angeles March 19 and March 20 detailed as professor of military science at Harvard School. Colonel William M. Black reassigned to the Bureau of Engineers. Major Harry J. Morse relieved from Walter Reed Hospital and returns to duty. Second Lieutenant Harry A. Harvey attached to First Cavalry and assigned to a troop. First Lieutenant Alfred H. Erck and Walter Weaver listed with transfers and revocations. Lieutenant Colonel Selah R. H. Tompkins, Seventh Cavalry, and Major William T. Little Brant to join their regiments after treatment. Other officers detailed as professors or awaiting examinations for promotion.
A stream of personal notices lists travelers at the Menger St Anthony and Gunter hotels. E C Watson of St Louis stops at the Menger while W Davis of Oakum and Scott Pegues of Crystal City stay at the Gunter. New arrivals include J F Block of Philadelphia Fr P Holland of Dallas and George Bowe Jr of New York at the St Anthony or Menger.
R B Webb longtime San Antonio railroad man and insurance agent died at 431 West Woodlawn avenue at 12 30 Saturday afternoon at age 50 He was a partner in Meyer Webb and a traveling freight agent for International Great Northern He belonged to Knights of Pythias Woodmen of the World and Westminister Presbyterian church He is survived by his widow a daughter Miss Erna Webb and a brother and two sisters in Crockett Texas The body goes to San Marcos for interment Sunday afternoon
New York March 11 Yesterday's advance in metals and specialties resumed to a moderate extent at the opening of today's market, while standard stocks were largely unchanged. Among leaders, 69 tin issues were active with gains of fractions to a full point. Crucible Steel led with a 14 point gain and United States Industrial Alcohol rose 4 percent. Mexican issues opened firm then softened amid broader market weakness, and rails like Reading and New York Central weighed on the market before partial recoveries. Bond prices were steady at close.
New York March 11 shows the actual condition of clearing house banks and trust companies with a reserve excess of 15,226,880 dollars. The figure marks a decline of 1,299,560 dollars from the prior week. The statement follows.
New York reports mercantile paper at 83 38 percent, sterling 60 day bills 4.7114, demand 4.765-16, cables 4.7615-16, guilders demand 42 percent, cables 424 percent. Bar silver 56 percent, Mexican dollars 42 percent. Government and railroad bonds hold steady.
London reports bar silver at 274 per ounce while money rates stand at 444% per cent. The discount rate for short bills and three months remains unchanged at a percent-level figure.
A Grenoble factory uses mountain reservoir water delivered through a nearly inch-thin vertical tube to drive a turbine. Tests show even the strongest swords fail to cut the jet, rifles cannot breach it, and an ax bounces off or dents the stream. Water under high pressure, often over 509 psi, whirs from the nozzle with enough momentum to fling tools aside. An inventor claims a compressed rubber tire self seals punctures.
Fred Meyer 60 of 226 Blum Street died at two this Saturday. Born in San Antonio October 20 1856 he was a contractor and is survived by his widow two daughters a sister and five grandchildren all of San Antonio. Funeral from home at 4 Sunday by Rev A Wolff Saint Johns Lutheran with City Cemetery No 1 burial. August Maverick Beck 53 died Friday night in a San Antonio sanitarium a native of San Antonio he leaves three brothers and a sister and the funeral is set for 6 Saturday at Riebe Undertaking Company chapel with burial in City Cemetery No 1.
William Hillje, 43, died in a San Antonio hospital at 9:05 Saturday morning after arriving from Weimar for health reasons. Native of Texas, he owned the Weimar oil works and was brother to L Hillje of San Antonio and Ferdinand Willie of Hallettville, with two sisters in Weimar and La Grange. He was a Hermann Sons member in Weimar. The body will be sent to Weimar for interment at 4 p.m. Sunday, arranged by Shelley Loring Undertaking Co.
Lowery Johnson aged 40 died at a San Antonio sanitarium at 1 am Saturday. A Texas native from Electra he is survived by his parents Mr and Mrs A Johnson two brothers Will and Sam Johnson and two sisters Mary and Alice Johnson all of Electra. Body to be sent to Manor Texas Saturday night by Shelley-Loring Undertaking Co for interment.
R H Brannon aged 45 died at a San Antonio sanitarium early Friday. He arrived in San Antonio from Boerne about five months ago seeking medical care. The funeral was held at Sloan Hagg Funeral Chapel at 7:30 Saturday morning conducted by Rev Mr Carry of Yoakum. Interment followed in City Cemetery No 4.
George W. Garrett, 66, died at his niece’s home, 1715 West Saints Street, Saturday morning at 7. He was a native Texan and is survived by a brother and several sisters in Texas. Funeral services were held at Sloan & Hagg Undertaking Company chapel at 10 Saturday morning. Interment followed at City Cemetery No. 3.
The body of G. W. Hill, who died in a San Antonio sanitarium from scalds and burns after the boiler of a Southern Pacific engine exploded where he was the fireman, will be sent to Huntsville at 11 o clock Saturday night for burial in Pine Valley Cemetery. The widow, her sister Mrs C J Bennett of Houston, and BD Ll. Hil, the father, accompany the body.
Mrs. S R Hudson 36 native of Texas died at noon Saturday in a San Antonio hospital after arriving a week ago from San Benito. She is survived by her husband. The body is held by the Shetles Lering Undertaking Company pending instructions from relatives.
Short classified notice for Shelley Lorinendertaking Co offering automobile equipment with contact phone numbers listed as 971 and Ady. Compact ad likely from a local paper's classified section.
NEW YORK. March 11. Copper markets remained quiet as leading agencies held prices steady at 28 to 28% for nearby deliveries and 27% for June and later shipments, signaling little change in early spring demand and supply expectations.
Routing changes shift all street cars into the business district from Prospect Hill via Dolorosa with a ten minute headway. Regular cars split at Seiad and Commerce, trippers run rush hours from Alamo Plaza West to Hamilton and West Commerce, and via Houston to Nolan street. W. B. Tuttle announces plan, noting prior Prospect Hill complaints and Market house section fixes.
The city council adopted an ordinance for a special election on April 1 to fill the vacancy caused by the resignation of Albert Steves Jr. Fire and police commissioner. Polls open from 9 a.m. to 7 p.m. Forty nine precincts will host voting with polling places listed in The Light. The election coincides with county school trustees and all other business was adjourned until Monday.
The Swedish steamship Alida on voyage to Odense collided with the American schooner Goldfield near Galveston about ten miles off the coast. The Alida broke her foremast and damaged rails while the Goldfield lost her starboard cathead and gear and had her bow crushed to the waterline. The coast guard cutter Comanche aided the Goldfield which was towed into port by the pilot boat Texas. the Alida continued its voyage.
Market notes from New Orleans report strong activity with clean Japan prices holding firm. Quotations show clean Japan at 34 percent and 4c cited. Honduras and Tapan pockets mentioned with varied pricing.
From news notes in nl for March I butchers report butter prices easing. Market observers note tighter supplies and steady demand affecting Elgin wholesale trade. Prices drift with seasonal shifts while buyers watch for better liquidity into spring.
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