Cotton Prices Rise at Market Points This Week
Market reports show higher cotton prices across points this week with Mexico news cited as a factor. Traders note demand shifts and weather expectations influence values.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 12, 1916
Page
33
Market reports show higher cotton prices across points this week with Mexico news cited as a factor. Traders note demand shifts and weather expectations influence values.
Daily spot quotations show San Antonio at 11.5 cents per pound with Houston around 11.8 cents and Galveston near 12.1. Cotton futures closed steady in New Orleans with week gains of 10 to 17 points, and July futures reached about 12.13 amid renewed demand and firming tone.
Spot cotton eased with Good middling at 8.07 and middling around 7.8. Futures listed for March through February next year show varied values from 7.28 to 7.64 with multiple spread contracts noted.
Prices show eggs steady and butter firm with Texas creamery at 31 88 per pound. Poultry values hold with hens 5.00 to 6.00 per dozen and broilers 2.00 to 3.60. Turkeys 15 16c per pound, ducks 4.50 to 5.50 per dozen, geese 7.00 to 16.00 per dozen. New York reports steady cotton prices and Elgin butter market lists 50 tubs at 35c.
In New York copper prices remained steady with leading agencies quoting 28 to 28.5 cents for nearby delivery and 27 to 27.5 cents for June and later deliveries.
Canadian potatoes will be allowed into American markets under new rules effective January 1. Imports must come via permits from the federal horticultural board, with arrival inspection to weed out badly infested shipments. European potatoes still require inspection and certification before shipment.
Wholesale prices to trade list extensive vegetable and fruit items with per unit values across states. Potatoes onions celery peppers beets beans squash apples oranges bananas lemons limes figs canned fruits and vegetables meats coffee sugar and seeds appear with varied regional prices and package sizes.
New Orleans rice market notes steady tone for clean Japan with strong overall demand. Receipts total 1783 rough, 1731 milers, 1091 clean. Sales reach 5548 pockets clean Honduras at 4 4% cents and 125 pockets Japan at 3% to 4% cents. Clean Japan quotations hold at 3 4% to 4o with others unchanged.
Fort Worth Texas cattle hog market report shows receipts and prices with hogs down 10 to 16 cents. Beeves 6.60 to 8.75. stockers 6.00 to 7.26. cows 3.50 to 6.60. calves 4.50 to 8.60. Pigs 4.50 to 5. Goats 3.5. Lambs 8.60 to 9.10. yearlings 7.50 to 8.30. wethers 7.60 to 7.75. ewes 7.00 to 7.60.
Receipts and quotations from Kansas City show hogs at 500 head with market steady and bids from 9.50 to 9.76 for heavy and light weights. Cattle receipts 1060 with prime fed steers at 9.25 to 9.60, dressed beef 7.75 to 9.16, southern steers 7.00 to 8.76, cows 5.00 to 7.75, heifers 7.00 to 10.00, stockers 7.5? to 8.60, lambs 10.60 to 11.25, yearlings 9.25 to 10.00, wethers 7.75 to 8.50, ewes 7.26 to 8.18.
Chicago market update shows hog receipts around 13 000 with slow trade and varied hog quotes from 9.50 to 10.00 while sows around 9.95 and roughs 7.0. Cattle receipts about 2000 with steady prices. native steers 7.40 to 9.90, cows and heifers near 6.0 to 8.0, calves 8.50 to 11.25. Sheep receipts 3000 with steady market. wethers 8.25 to 8.85, lambs 9.75 to 11.55.
Receipts and quotations from St. Louis show hogs 3000 received with higher market. pigs and lights 7.06 to 10.06, mixed butcher 9.80 to 10.19, good heavy 10.56. Cattle receipts 150 with steady market. native beef steers 7.50 to 9.60, yearling steers and heifers 8.50 to 9.50, cows 6.00 to 8.00, stockers and feeders 8.28, Texas and Oklahoma cattle 4.00 to 6.00, native cattle 6.00 to 10.50. sheep market nominal with lambs 8.00 to 11.50 and ewes 5.25 to 6.60.
Fort Worth Texas reports daily cattle sales with average weights and prices for several lots led by T I Baccha La Henrietta and 17 steers at 8.76 per hundredweight. Savannah Georgia notes turpentine firm prices and daily shipments with varied notations across multiple grades.
New York dispatch reports cotton goods firm with bidding lines withdrawn from sale. Finished cambric priced at seven cents a yard, costs of gray cloth ignored but subject to color grades. Wood markets remained quiet but steady at top values.
Department of home weather bulletin notes wind under ten mph and precip under .01 inch not published. Allen Buell local forecaster. Court question asks if defendant went home during a suspension. The Baltimore American reports the defendant was taken to hospital by ambulance.
The Texas Department of Agriculture reports scattered progress across Anderson Cherokee Smith Upshur Camp Morris counties. Corn acreage will be near normal with limited planting south of Palestine, tomatoes and forage crops near normal, while wheat losses are overstated in Denton. Across Bastrop Fayette Elgin and nearby areas fields are in good condition though dry spells threaten stands. cotton acreage may rise marginally with continued drought, and oat yields remain uncertain. Fruit outlook improves with early blooms in several towns and potato and sweet potato plantings rising.
The Texas railroad commission issued a new tariff increasing freight rates on grain, grain products, seeds, hay and related items. Rates for flour rose from 17 to 30 cents on single lines and 20 to 22 1/2 cents on joint lines. wheat rates rose from 15 to 17 1/2 cents. corn oats kaffir corn mile maize increased 12 1/2 to 15 cents. hay rates adjusted to 16 to 17 1/2 cents. Maximum distance figures rise to 200 miles for some items, with reductions in joint rates for shorter distances.
London notices on March 1 report bar silver at 274 per ounce and money at 4.4 percent. Discount rates for short bills and three months are 5 percent.
New York on March 11 reports raw sugar firm at 5.27 and molasses sugar at 4.50. Refined agar prices listed for cut loaf 7.50, na 7.35, mould A 6.85. Ogee and powder goods show 44.66 and 4.54 respectively. Diamond A and collectioners A priced at 6.25 and 6.20 for No 1.
San Antonio prices and cotton statistics are summarized, highlighting current market levels, price ranges, and notable shifts in the cotton trade for the period covered. The brief notes key figures influencing farm and textile sector expectations.
New York editors report a dull market with Mexican developments driving activity. Southern Pacific Mexican Petroleum and American Smelting led gains while United States Steel stayed mostly flat amid policy worries and February tonnage data.
In New York on March 11 Mercantile paper 3.3 percent. 60 day bills 4.71 million dollars demand 4.765 16. cables 4.76 15 16. Guilders demands 42 percent cables 42 1/2. Bar silver 56 1/2 cents Mexican dollars 42 1/2 cents. Government bonds steady. Railroad bonds steady.
New York banks and trust companies show reserves down over a million dollars for the week, with total reserves at 136,226,880 above legal requirements. The clearing house statement details declines across in vault reserves, Federal Reserve holdings, and net demand deposits amid snowy conditions.
The weekly statement from Secretary Henry Hester of the New Orleans Cotton Exchange outlines movements of the cotton crop for the week and season to date. It includes comparative figures and analysis of these trends for traders and planters.
Quotations in Kansas City on March 11 show butter values from creamery at 14 cents, firsts at 82 cents, seconds 0.0, packing 20%4 cents. Eggs: firsts 18 cents, seconds not quoted. Poultry prices list hens 8 cents, turkeys 20 cents, springs 18 cents.
Quotations were today unchanged with receipts of 20 319 cases. Prices listed for eggs show firmer rates at mark and various grades. Potatoes receipts include Minnesota Michigan Wisconsin and Dakota, whites scarce. Fowls and spring chickens noted with slight price movements.
Market notes show May coffee futures at 8.09 a pound and December activity steady as traders wait for fresh guidance.
In Chicago trading the week shown wheat fell 2 to 4 cents per bushel while corn rose 1 to 2 cents and oats were roughly unchanged. Provisions advanced sharply—pork up over $1, lard up 40 to 43 cents, ribs 24 to 60 cents—as the $10 hog bolstered the market.
San Antonio grain buyers report delivered art grain prices by grade and region. Wheat Texas 1.30 per bushel, northern 1.30. Corn Texas No. 3 TS, northern No. 2 mixed listing. Oats Texas red 60c in sacks, 55c bulk, northern white 60c sacks 87c, Oklahoma prices align with Texas grades.
Quotations show bacon and bacon bellies with dry salt and fancy breakfast bacon prices, 13 to 17 cents per pound. Pure lard at 12 cents and compound lard also noted. Average weights range 14 to 16 pounds for bellies and 14 to 15 for bellies standard.
Fragmentary OCR note lists crop types including corn oats and barley with unspecified percentages and terms like nominal and Sinaia. Ambiguous data lacks clear event, date, or attribution, yielding a brief glimpse of a trade record or agricultural quality remark with incomplete figures.
The Kansas City market notes show quotation flights for March 11 with corn at No 2 mixed 84 to 84.5 cents and No 3 white oats at No 2 white 45 to 46 cents. Other quotes include barley at $1.04 to $1.11 and No 2 mixed oats at 40 to 42 cents.
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