France to Bar Cotton Imports Says Report
A Wednesday report states France will impose a ban on cotton imports. In Texas prices are reported lower amid the market shift.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 15, 1916
Page
11
A Wednesday report states France will impose a ban on cotton imports. In Texas prices are reported lower amid the market shift.
The daily quotations list middling cotton prices delivered at markets including San Antonio Galveston and Liverpool with sales figures. Prices range from 11.75 to 12.66 with thousands of bales traded at each location.
March 15 report from the Cotton Exchange shows a late session drop as France signals cotton import bans after March 31. Final quotes reveal losses of 11 to 18 points from yesterday, with U.S. February consumption up 106000 bales but shy of January figures. Weather and weevil concerns weigh on prospects as traders monitor Mexican developments and potential U S military spending. Prices in San Antonio for local deliveries ranged from low to around 12.05 for good middling to 9.90 for low middling.
The New York cotton market opened steady with gains of 3 points to losses of 3 as May rose to 11.96 and July to 12.13. Late yesterday spot demand and bullish Liverpool cables supported buying, with May up to around 12.08 midday while trades and private cables cited improving demand and stock-market strength.
Granulated sugar prices rise with wholesalers paying 7.60 per hundred pounds, up 10 cents from Monday. Cuban export figures are bullish, and produce commission activity remains high. Eggs butter poultry demand steady while lard prices hit record highs and cooking oils reach peak levels in San Antonio markets. No notable grain news today.
Buyers paid extant prices in San Antonio for country produce on Wednesday. Texas country candied at 16 to 16.5 cents per pound from Fise eready and Texas creamery at 31.31 cents. Country at 18 to 20 cents, packing stock 13 to 15 cents per pound. Poultry quotes include hens 5 dollars per dozen, fowls 4.50 to 5.60 per dozen, broilers 2.00 to 3.50, geese 7.00 to 0.00 per dozen, ducks 4.50 to 5.00 per dozen.
New York stocks continued to push higher on March 16 with broad buying resuming from yesterday. Westinghouse sold 6000 shares at around 70, rail leader Canadian Pacific gained, and specialties edged up on secondary offerings while majors like New York Central Smelting and Mexican Petroleum showed notable activity. Final hour trading was uneven with petroleum and zinc issues among the conspicuous movers.
Quotations today show butter at 35 cents for creamery 26 percent milk fat. Eggs advance with receipts of 13 375 cases and firsts at 19 1 20 cents, ordinary firsts 19 cents, cages at 18 19 1 2 cents. Potatoes drop to 88 9 16 cents with receipts of 17 cars from Michigan Wisconsin Minnesota and Dakota. Poultry markets list alive fowls at 17 1 2 cents and springs at 18 cents.
By direction of the president Captain Charles E Reese is detailed as major and scouts effective April 5 past April 4. Several acting dental surgeons and lieutenants are assigned to Fort Sam Houston and other posts for temporary duty. Leave of absence, active duty orders, and redistributions are issued for multiple officers including James E Shelley Allen Jervey Walter Prosser and Henry Ripley with postings to Fort Moultrie Fort Scriven and Fort Meyer.
The New Orleans cotton market opened with cautious buying amid mixed weather and political news. By noon prices were down, with May and July futures slipping as rumors of France restricting cotton imports after March 31 weighed on sentiment.
Kansas City based report shows butter prices with creamery at 34c firsts 32c seconds 30c and packing 20c. Base prices list firsts 18 keywords poultry with hens 15c turkeys 20c springs 2c.
Raw sugar firm centrifugal 5.77 and molasses 5.00. Refined firm products show cut loaf 7.80 crushed 7.65 mould A and cubes 7.16 powdered 6.60 ordered 6.75 fine granulated and diamond A 6.65 collectors A 6.55 No. 1 6.50.
Turpentine quiet with receipts 128 and shipments 358 against a stock of 8910. Resin firm data shows sales 975, receipts 460, shipments 1302 at 5.38 dollars. Quotes listed for A B D F G N W and W W with various rates.
Mercantile 7 per 3.3 percent, sterling 60 day bills at 4.72, demand 4.765 to 16, cables 4.77. Guilders demand 42, cavies 4245, bar silver 56. Mexican dollars 4344. Government bonds steady, railroad bonds steady.
Cotton opened steady in New Orleans with May at 11.84 and January at 12.39. Prices closed 11 to 14 points lower with July near 12.99 and October around 12.13 as MOY figures show slight declines.
Time loans firm with 60 days at 2 1/4 percent and 90 days at 2 3/4. Six months quoted at 3 3/4. Call money firm shows light demand with ruling rate at 2 percent and last loan offered at 2 percent. Closing bid also at 2 percent.
Spot cotton unchanged with good middling at 7 864d and low middling at 5 0d. Receipts total 10 290 bales as demand hints at speculation and export activity.
At Liverpool on March 15 futures quiet with rates shown for March through February futures. A curious hotel proprietor asks a potential chef applicant if a certain question is permissible, remarking on the days of enlightenment.
In New York on March 15 print cloths were firmer with large sale of wide goods for year end delivery. Duck remained in active demand and silk piece goods were sought for fall by major western wholesalers.
London reports bar silver at 27 pence per ounce and money at 4 4 percent. Discount rates show chart bills and three months at 5 45 percent.
March cattle prices soared at Union Stock Yards as four loads of prime Kansas steers, 1388 pounds, sold for 9.46 per hundredweight. Demand for beef and pasture cattle is reported extremely urgent in northern markets. San Antonio and Fort Worth areas show strong activity with steady rates and high bids on native steers, cows, calves, and hogs topping 8.88.
Fort Worth Texas cattle receipts about 3000 with active bidding. Reeves and stockers range from 6.00 to 8.75 per cwt, cows to 3.50, heifers up to 7.50, bulls 4.50 to 6.35, calves 4.50 to 8.50. Hogs receipts near 10000 with bulk around 8.86, heavy 9.10 to 9.20, mediums 9.00 to 9.10, lights 8.60 to 9.10, pigs 4.50 to 6.50. Sheep receipts 500 steady. lambs 8.50 to 9.75, yearlings 7.50 to 8.00, muttons 7.50 to 7.75, ewes 7.00 to 7.50, culls 4.00 to 6.25, goats 3.00 to 5.26.
Hogs receipts 11 600 down. pigs and lights 7.00 9.80. mixed and butchers 9.46 9.90. good heavy 6.85 9.95. Cattle receipts 3600 steady. native beef steers 7.50 9.69. yearling steers and heifers 8.50 8.00. stockers and feeders 5.50 7.85. Texas and Indian steers 5.25 8.00. cows and heifers 4.00 6.00. native calves 6.00 10.75. Sheep receipts 2600. yearling wethers 8.00 10.00. lambs 9.00 11.50. ewes 6.50 8.25.
Chicago market report shows hog receipts about 56 000 with bulk sales 9.70 to 9.85 per cwt and nightly totals around 9 509 85. Cattle receipts 15 900 with native steers 7.60 to 9.95, western range 7.49 to 8.60, stockers 5.9 to 8.20, cows 3.50 to 8.70 and calves 8.25 to 11.00. Sheep receipts 17 000 with lambs 9.75 to 11.50 and yearlings 8.25 to 8.86.
Kansas City reports receipts for hogs down 13 000 with bulk trade 9 6 to 9 70 and light 9 30 to 9 55. Cattle receipts 3 500 steady with prime fed steers 9 25 to 9 75 and cows 5 00 to 7 75. Sheep receipts 8 000 steady with lambs 10 65 to 11 25 and yearlings 9 25 to 10 00.
Lead bids at 7.65 with unallotted spelter. Copper steady electrolytic near term. Star OPEN June and later at 27.00. Tin quiet with spot offered at 55. Games
Lead trades at £35 with spot copper at £195 10s and futures £103. Electrolytic at £136, spot tin £194 10s and futures £191. Values shown in pounds and shillings with European currency formatting.
A clipped remark about aviation from a dialogue with a high clay girls' school figure and a Judge stereotype. It contrasts sea bathing with aviation and mocks gesturing callers and cinema applause as similar audience behavior.
New York reports cotton seed trading firm with spot $10.40 bid. March to August futures across $10.42 to $10.45, rising slightly in most months. Total sales tally $33,000 reflecting active demand. September is unavailable.
The Census Bureau reports February cotton used at 540,711 bales, up from last year, with seven month total at 3,615,365 bales. On hand in consuming establishments and in storage reach 1,985,045 and 3,971,316 bales respectively, while spindles active total 31,982,499. Exports for February total 702,635 bales. imports 2,831 bales. Linters usage and storage also show increases.
Galveston report lists arrivals including El Cid from New York Corinto and Barrios with Medina and Vildfogel sailing to Barrios Nireffs Marseilles and Vibar among others. New York dispatch notes Noordam arriving from Rotterdam via Falmouth on March 15.
The Continental Savings and Building Association of Dallas filed its charter in Austin. With a $1,000,000 capital stock, the firm plans to operate a building and loan association in Dallas. Incorporators include J. K. Hexter Edward Titche Frank E B Austin T W Griffiths Ralph Beaton Ralph A Beaton and L C McBride all of Dallas.
Jefferson City March 16 The St Louis and San Francisco railroad reorganization managers will not attempt to reorganize under Missouri Public Service Commission conditions. Financing banks Seligman Speyer notified the commission that the voting trust plan is vital and will be dropped. The commission rejected the five year voting trust and the plan depended on Yoakum or his inclusion among trustees.
Local forecaster Allen Buell notes wind speeds under 10 miles per hour and precipitation under .31 inches are not published. Bulletin provides concise weather data for the area with standard exclusions.
Wheat futures rose after a volatile session as damage estimates from Illinois and Missouri sparked buying. May and July prices fluctuated from slight losses to gains before closing higher. corn and oats followed wheat trends while hog weakness pressured pork futures.
San Antonio grain traders report prices for wheat and corn in Texas with different quality grades. Texas red and northern white wheats show per bushel rates in bulk and sacks, while No 2 and No 3 corn prices are given with regional adjustments and Oklahoma parity.
Wednesday quotations list prices for bacon extras 164 cents per pound and 144 cents for dry salt extras with 16 cent bacon bells 14 to 16 pounds averaging 164 cents and fancy breakfast bacon at 20 cents. Fancy hams 20 cents. Bacon bellies 18 cents 14 to 16 pounds average. Pure lard 12 1/2 cents and compound lard noted.
Readable items include corn and oats prices and grades with vague descriptors. No clear event or person names. text appears as torn OCR fragments listing commodities and nominal values.
Quotations were given for wheat with No 1 red at 1.17 and No 8 hard nominal, corn No 2 at 74 cents, No 2 white at 75 cents, oats No 2 at 43 cents, and No 2 white nominal.
Quotations show No. 2 hard wheat at 1.05 to 1.12 per bushel and No. 2 red at 1.05 to 1.10. Corn bids listed No. 2 mixed at 69.75 cents and No. 8 white at zero to 0 cents. Oats priced No. 2 white at 42 to 46 cents and No. 8 mixed at 40 to 42 cents.
Grain futures closed with May and July wheat at 1.02, corn May at 1.00, July 1.02, oats May at 0.43 and July at 0.43 in Kansas City on March 15.
In New Orleans on March 16 buyers showed a strong tone and Honduran rice stayed active while Japan held steady. Prices: rough Honduran at 7 38 38 per sack, clean Honduras at 4 % c, pockets clean Honduras unchanged. Receipts totaled 2438 rough sacks and 34688 millers.
From York on March 16 the report notes steady Ne Rio futures with May at 25 and December at 4, indicating stable prices for the coffee market in early trading.
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