Higher cotton prices at market centers
Market reports show higher quotations for cotton at major market centers with Texas spots advancing. Analysts note steady demand and seasonal factors driving the price increases across textile hubs.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 20, 1916
Page
11
Market reports show higher quotations for cotton at major market centers with Texas spots advancing. Analysts note steady demand and seasonal factors driving the price increases across textile hubs.
Cotton traders watched higher quotes across New York New Orleans and San Antonio with San Antonio spots at 11.80 cents per pound for middling and a weeklong advance blamed on improving sentiment from peace talks European cabies and hopeful weather. The market also noted tequila weather prospects in Texas and watchful eyes on Mexican and Ottoman developments impacting futures.
The census shows a season total of 11,009,430 bales and 895,274 for lint, aligning with expectations. Prices moved from steady to modest gains, July at 12.21 and October 12.33, then eased to around 12.13 and 12.25 amid New Orleans rain talks. Market quieted midday, later rebounding slightly as trade buying and cover supported May through October contracts.
New York reports cotton futures opening steady with May at 11.98, July 12.15, October 12.26, December 12.41, and January at 46. Futures close 8 to 10 points higher amid varied session highs and lows. Details show irregular numbers and some garbled data but indicate general upward move by settlement.
Fragmentary OCR note references Liverpool and a July timeframe with vague scoring ideas and a Tuesday open call at 11 o clock. Details are unclear but imply a timetable or update on percentages and a sequence ending with numbers 12.04 and D347.
The New Orleans cotton market opened unsettled with small gains and losses. Drought in Texas weighed on sentiment while cables were weak. census ginning totals were as expected. trading was nerve wracking but modest, with months trading between 3 up and 5 down at various points before noon.
New Orleans markets opened quietly with May at 11.82, July 12.00, October 12.07, December 12.17, January 12.30. Prices closed about 7 points higher with notable bid activity as day highs ranged upper.
Liverpool March 20 spot cotton reports good middling at 8.09 pence, middling 7.82 pence, and low middling 7.56 pence. Sales total £000 bales including 500 for export and speculation. Receipts numbered 1,006 bales.
Liverpool notes slight activity with futures dated March 7 to March-April at 7.6 and 7.62 percent, April-7.61, July 7, August-September 7.60, September-October 1.42 and 6d, October-November 7.89d, November-December 1.55d, January-February 7.alee, and March-April 7.31144.
In New York on March 20 cottonseed oil markets show spot prices at 11.00 to 11.85, with March at 11.00 to 11.25 and April at 9.5 to 9.90. May and September quotes cited, with October at 9.76. Total sales reported as 1,800 units.
See YORK March 20 report shows No. 7 Rio futures steady with May at 1.93 and Dec at 8.21. Trading notes indicate cautious optimism and routine spread movement amid market chatter.
At Union Stock Yards on March 20 a large cattle offering met steady demand. Noon totals showed 12 139 head with 26 carloads from Kingsville, 800 direct to local firms. Steers topped near 7 per cwt, cows about 6, calves 7.50. Hogs reached 7.60 top, most sales 6.60 to 7.25. Eleven sheep reported, market steady.
The final government report places the 1915 U S cotton crop at 11 059 430 running bales and 11 183 182 equivalent 500 pound bales, with comparisons to 1914 and earlier years. It notes included gin turnout and State production details, plus weights and classifications like round bales and Sea Island. The report uses Bureau of Census data and Agriculture Department canvasses to set the season's totals.
Wheat prices moved higher on the Chicago Board as bullish Illinois crop reports and distant news boosted sentiment. May and July futures advanced with gains, corn followed wheat upward while oats joined the firmness, and a leading elevator sold freely amid continued demand for pork and ribs.
Local markets report wheat and corn prices by grade for Texas and Oklahoma with No 2 red and No 2 yellow corn in fo r Texas. Oklahoma prices mirror Texas grades. Packing house quotes list dry salt bacon extras bacon bellies lard and compound prices. Chicago quotations show Wheat No 2 red No 2 hard oats and barley price levels.
Fort Worth Texas market data shows cattle receipts near 3000 with steady to slightly lower bids. Hogs receipts around 4500 with prices mostly steady to a few cents lower. sheep and goats receipts around 2000 to 0, lambs near 8.5 to 9.5, yearlings 7.25 to 8.25, wethers 7.60 to 7.77, ewes 7.09 to 7.50, goats 3.50 to 5.25.
In St Louis Marcel buyers noted receipts and quotations for hogs cattle and sheep. Hogs receipts 11500 with market steady and prices for pigs and lights 7.00 to 9.75, mixed and butchers 9.50 to 9.75, good heavy 9.70. Cattle receipts 2600 with higher markets. native beef steers 7.50 to 9.60, yearling stockers and feeders 5.50 to 8.00, cows 4.00 to 8.00, native calves 6.00 to 10.75. Sheep receipts 1890 market steady. yearling wethers 8.09 to 10.00, lambs 9.30 to 11.60, ewes 5.26 to 5.26.
Chicago market report notes hog receipts around 44 000 with slow trade and varying bids from bulk 9.55 to 9.70 for different grades. Cattle receipts about 17 000 with weak tone for native beef steers and stockers while cows and heifers range 3.80 to 8.70. Sheep receipts 14 000 with strong demand pushing wethers 8.15 to 8.90 and lambs 9.75 to 11.60.
Kansas City reports cattle hogs and sheep market activity with steady tone. Hogs receipts about 13 000 with bulk at 9.30 to 9.60. cattle receipts 12 000 led by prime fed steers at 9.25 to 9.05 and cows and heifers ranges. sheep receipts 12 000 with lambs 10.45 to 11.35 and yearlings 9.25 to 10.00.
Cattle sales report from Fort Worth dated March 20 notes live stock transactions. Names, numbers, and specific sales details are partially readable in the fragment, reflecting routine market activity and pricing glimpses.
In Oklahoma City on March 20 the cattle market held steady with prices around nine dollars per hundredweight. Minco reports 1970 head weighed and priced with averages near 8.90 to 9.00 per hundredweight and varied between 6.75 and 9.29. Bull and steer figures show top receipts around 9.10 to 9.35.
New York on March 20 shows raw sugar easy with centrifugal at 5.83 and molasses at 5.06. Refined steady with cut loaf at 8.05, crushed 7.90, mould A 7.40, cubes and powdered variants around 7.05 to 6.90. A stray line notes collectors price 6.80, No. 1 at 6.765.
Local packing houses report higher poultry prices with live Eli nas up for this week in San Antonio. Eggs remain strong at up to 17 cents a dozen while beans lettuce and other greens show liberal offerings. Dry spell reduces future supply and traders expect higher prices with warm weather boosting beverage demand and sugar use.
Buyers paid quoted prices for country produce delivered in San Antonio on Monday. Texas country handled 16 percent. Buiter firm reported Texas creamery at 31 43 per pound. Country at 18 270c, packing stock 17 18e per pound. Poultry firm listed hens per dozen at 5.00 to 6.50, friers 4.00, broilers 3.00, turkey 17 18c per pound, ducks 4.50 to 5.50 per dozen, geese 7.00 to 6.00 per dozen.
New York March 12. Steel mills continue to book orders far beyond capacity with contracts since March first near 1,000,000 tons weekly. War munition contracts totaled about 194,000 tons of steel bars and forgings. Structural iron work active with 406,000 tons of steel shapes. Railroads ordered 120,000 tons of steel, 3,395 cars and twenty six locomotives.
New York March 20 Cotton goods markets show strength as army duck remains oversupplied but prices rise. Percales advance half a cent, wash fabrics surge up to 80 percent amid limited stocks. Print cloths and denims sell rapidly. mills run at full capacity with bleachers and finishing firms active.
ST. LOUIS March 20 Quotations today were as follows Wheat No 2 red 1 15 No 2 hard nominal Corn No 2 78c No 2 white 72c Oats No 2 nominal No 2 white 43c
Kansas City March 20. Quotations for commodities varied with grains showing strength. Wheat No 2, lard at 1.03 1 1, No 2 red at 1.05 1 0. Corn No 2 mixed 8c, No 2 white 681, oats No 2 white 45 46c, No 2 mixed 41 48c.
Kansas City report lists grain futures for May wheat at 1.00 to 1.01. May corn at 69 to 69.5 cents, July corn at 71.4 cents, and May oats at 43 cents.
New York metal markets report March 20 shows copper steady with nearby at 28.00 to 28.50, electrolytic figures 387,908 for June and SAE. Renamed No 1 northern steel is 20.26 to 20.75, No 2 at 19.75 to 20.25. Lead bids at 7.75 with not quoted spelter, tin spot offered at 62.00.
London market brief lists lead at 36 7 6 per unit, Spelter 92, spot copper 199, futures 104 10s, Electrolytic 136, Spottin 196, futures 191. Values shown in pounds sterling with 1900s style notation.
Chicago market roundup shows butter steady with creamery at 30 34 cents, eggs steady with 23,686 cases and firsts at 19 19 of a cent, ordinary firsts at 18 18 cents. Potatoes fall on 37 car receipts from Michigan Wisconsin Minnesota and Dakota white at 88 97 cents, Minnesota and Dakota Ohio at 88 95 cents. Poultry alive unsettled with fowls at 17 cents and springs at 17 of a cent.
Butter ranges from 34 cents for firsts to 30 cents for seconds and 20 cents packing. Eggs sell at 20 cents for firsts. Poultry lists hens at 16 and a half cents, turkeys at 20 cents and springs at 25 cents.
Bethlehem Steel Corporation and subsidiaries show net earnings up nearly 60 percent for 1915 after expenses. Orders on hand at year end total 175.4 million, up from 46.5 million a year earlier. Schwab and Grace cite steel shortage and warn Congress on armor plant bills. They propose government inventory and armor manufacture at cost, potentially undercutting private plants.
In St Louis on March 20 a record undressed fur sale began with $2,000,000 worth of pelts to be auctioned. More than 1,500,000 skins will be sold this week including 262 silver fox and 124 Russian sable.
Observations from 7 a m Monday March 20 1916 published by the United States Department of Agriculture. Wind speeds under ten miles per hour and precipitation under .01 inch are not published. Allen Buell local forecaster signs the report.
Galveston reports arrivals from New York including E Mundo and Nueces, with A Knudsen from Norway and ships Ontaneda from Norwegian and Danish ports. Also note New York entries for March 20 listing a Liverpool arrival, the war duna and other vessels.
The physician narrates a boy’s early mischief and sharp wit. A teachers attempt to invite the father ends with a quip about a $2 visit fee. The exchange reveals the boy’s sly humor and a glimpse of childhood domestic economy.
New York March 20 The week in the stock market opened with gains in specialties that recently drew attention but the overall undertone was flat. United States Industrial Amoco advanced over five points while Crucible Steel Studebaker Westinghouse Mexican Petroleum and Distillers rose one to three points. Metals were firmer and other issues showed small gains. Union Pacific and Erie lagged. Anglo French bands strengthened. Recessions of one or more points appeared before the first half hour. Mid-session was nearly static with Mexican Petroleum and American Smelting active and slow. Levels recovered later but war issues suffered sharp losses. Closing was weak.
New York report dated March 20 notes mercantile prices and currency rates. Sterling exchange for sixty days at 4.72 percent, demand 4.73 percent, cables 4.77 percent. Guilders demand 32 7-16, cables 3 percent. Bar silver at 57 4 percent. Mexican dollars at 1 percent. Government bonds steady, railroad bonds heavy.
Market notes show varied figures with time firm rates and call money at two percent. The text contains garbled phrases and unclear names, offering a glimpse of a financial page amid misread OCR.
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