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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 01, 1916
Page
9
Cotton prices moved higher amid sustained demand with Southern spots showing strength. Market observers note steady buying and firmness across major U.S. cotton regions as prices respond to continued demand signals.
The New York cotton market opened steady with gains up to 3 points as Liverpool buyers picked July and October, covering shorts and boosting near positions. A weak Liverpool stock sale and weather worries in the South helped push the active months higher before midday, with July around 12.32 and October 12.32, later slipping to 12.06 May, 12.21 July, 12.34 October as selling trimmed gains but the undertone stayed firm.
New York cotton futures opened steady with May at 11.98 cents, July 12.12, October 12.28, December 12.44, January 12.50. Futures closed the session 17 to 20 points higher on May 11.
Buyers in San Antonio paid prices for cotton delivered at local compresses on Monday. Grades listed include strict middling, low middling, good ordinary, good middling, and strict low middling with varying quotes.
The New Orleans cotton market opened with heavy buying after frost forecasts in the western belt and reports of large after hours trading. Prices rose 10 to 14 points in the first half hour, held firm with scant offers, and finished the day up 6 to 21 points with a 13 to 17 point rise at 1:30.
Cotton futures in New Orleans opened steady with May at 11.70, July 11.98, October 12.08, December 12.21, and January 12.30. Trading showed highs around 12.70 and lows near 12.16 as bids and closes varied through the session.
Lead unsettled at 7.25 7.64, copper firm at 28 24.50 in electrolytic nearby. Spelter quiet. Iron steady with No. 1 northern 20.70 21.25, No. 2 29.29 20.75, No. 1 southern 20.70 21.00, No. 2 20.25 20.75. Tin strong at 51.90 spot. Spot St Louis delivery 17% asked.
London market notes show spot copper at £133 with futures £126, spot tin £200 and futures £199, and swelter at £99 in a terse May 1 report. Lead and sterling figures appear, including £84 for lead and £15s for sterling, with electro lytic at £145.
Produce merchants report eggs running bad due to farmers delaying large shipments. Receipts went through canning with losses up to two or three dozen per case. Retail prices held at 16 to 17 cents per dozen while California cherries debut at 3.25 per standard crate.
Buyers paid various prices for eggs butter poultry and other country produce in San Antonio on Monday. Egg prices weak while butter remains firm and poultry shows steady demand with hens pricing around 4.50 per dozen and fryers near 5.00. Turkey prices at 18 cents per pound and other fowl values listed for ducks geese and miscellaneous items.
Butter lower and creamery at 29 82 cents. Felt steady with 38 555 cases received. firsts 20 percent 21 cents, ordinary firsts 19 20 cents. Potatoes steady with 53 cars. Midwest produce mixed with white corn at 81.00 and Ohios at 85 4 95 cents. Poultry alive higher with fowls 1 cent and springs 20 cents.
Kansas City market report lists butter at 33 cents per pound with firsts 29 cents and seconds 25 cents, creamery at 33, eggs at 21? cents, and poultry prices showing hens five cents, turkeys twenty cents, and springs twenty five cents.
Raw sugar and refined products list prices in New York with Centrifugal at 6.46 and various forms of sugar priced from 7.40 to 8.55 per unit. Includes cut loaf mould A powdered and confectioners varieties with multiple grade labels.
Liverpool cotton market May 1 reports quiet spot trade with good middling at 8.134, middling 7.981, low middling 7.714. Sales 000 bales with 1900 bales for export and speculation. Receipts 2000 bales.
Futures markets in Liverpool closed with steady tones across contracts. Mixed bids showed May at 7.794, May-June 7.7744d, and other successive months around 7.7 to 7.66 with varying percent signs noted.
May 1 at Union Stock Yards saw 480 cattle 138 calves 45 horses 153 hogs 1025 sheep and 252 goats. Steers to 17.50 with most 6.60 to 7.25. cows 5.50 to 6.50. calves 7 to 8 with fancy babies up to 9. Sheep and goats moved steadily from West Texas. hogs weak due to heavy receipts and rapid market rise concerns.
Trading resumed with gains outpacing declines as Mercantile Marine shares hit new highs. United States Steel and Erie rail stocks edged higher, Baldwin Locomotive rose while Mexican petroleum and American Smelting showed smaller moves. Rubber and metal issues also saw active buying.
Fort Worth Texas May 1 cattle receipts around five thousand steady with varied values for cattle stockers cows and calves. Hogs receipts about five thousand down slightly with bulk and heavy categories near nine twenty to nine sixty. Sheep and lambs receipts four thousand steady with wethers ewes and goats listed at multiple price points.
Chicago market report shows hogs at 49 000 head with mixed prices from 7.49 to 10.00 per cwt and heavy hogs around 9.50 to 10.00. Cattle receipts totaling 14 000 with native beef steers near 7.90 to 9.90 and cows and heifers around 4.10 to 9.85. Sheep receipts 0 and prices for wethers 6.75 to 9.49 and lambs 7.60 to 11.79.
Kansas City market data shows hog receipts 12 000 with prices 9.55 to 9.89 for bulk hogs 9.70 to 9.85 for heavy hogs 9.59 to 9.70 for lights and pigs at 8.26 to 9.26. Cattle receipts 10 000 with prime fed steers 9.25 to 9.85, dressed steers 8.90 to 9.25, southern feeders 7.25 to 7.48, cows 5.60 to 8.25, heifers 7.25 to 9.75, stockers 7.00 to 8.75. Sheep receipts 8600 with lambs 10.80 to 11.50, yearlings 9.75 to 10.80, wethers 8.75 to 9.50, ewes 5.00 to 8.**
Receipts and quotations issued for May Day show hogs steady to lower on 15 500 head with mixed and butcher grades $7.90 to 8.80. Cattle receipts at 8000 with a strong market as native beef steers $7.50 to 10.00, yearlings and heifers $8.50 to 10.00, cows $5.50 to 6.25, stockers $6.00 to 8.50. Texas and Oklahoma steers $6.75 to 8.75, cows and heifers $4.00 to 6.00, native calves $6.00 to 10.99. Sheep receipts 2009 with a strong market. yearling wethers $9.00 to 10.75, lambs $19.00 to 11.55, ewes $7.78 to 8.50.
Temperatures below normal with fair conditions in the east belt and cloudy showers in the west. Reports show rainfall over an inch at Ada Ardmore Durant McAlester Muskogee Okla Sherman Poppet Fort Worth Temple Weatherford Mexia Eastland Brownwood Lampasas Dallas Waxahachie Greenville Corsicana Taylor Austin Texas. Allen Buell.
A Yonkers Statesman quip notes Paderewski began piano at age three. The joke asks how such a prodigy could have hair, implying a playful satire on early talent.
New York May 1 rail mills booked 955000 tons in April including 155000 tons of standard and light sections. Large orders were withheld due to premiums for next year. Equipment orders added 1600 cars 86 locomotives and 1400 tons of structural work. Track accessories fabrication and steel shapes and plates contracts also reported. War munitions orders totaled 110000 tons of steel.
Cotton seed oil closed steady with spot at 10.80 to 11.50 dollars. May contracts 16.83 to 10.85, June 11.00 to 11.05, July and August 11.18 to 11.29, September 13.12 to 11.13, October 11.05 to 41.97, November 9.23 to 9.25, December 9.12 to 9.13. Total sales 23,499.
San Antonio market brief shows current cotton prices and trends. Local sellers report steady demand with price ranges and quality notes. Traders monitor futures movements and regional factors affecting fiber values.
Wheat rose sharply today in Chicago trading as wet Northwest weather raised seed concerns and rumors of higher abandoned spring acreage. May and July futures opened higher and closed with gains. corn also climbed while oats followed. Hog price declines weighed on market margins.
Carrot buyers reported prices for grain and hay delivered in San Antonio. Corn ranged from 85 to 86 cents per bushel, oats from 46 to 64 cents, and various wheats and feeds listed with sacks and higher adjustments. Hay and forage values included cane hay at 15 dollars per ton, prairie 11 dollars, alfalfa at 20 dollars, and other bulk forages ranging from 1.10 to 1.12 dollars per unit.
Chicago on May 1 reports Wheat No 2 ped at 92 226 cents per bushel and No 2 hard at 1.18 to 1.20 dollars. Corn No 2 yellow at 78 to 79 cents. Data Standard at 46 46 cents and Barley at 64 shillings 80 cents.
Quotations listed for May 1 show No 2 red wheat at 1.22, No 2 hard nominal, corn No 2 and No 2 white stands, and No 2 oats at 48 percent or nominal values for the day.
Quotations listed for wheat and maize grain futures at Kansas City on May first. Prices shown include No 2 hard wheat around 1.10 to 1.13 per bushel and No 2 red near 1.16 to 1.18. Mixed feeds and white varieties cited with minor spreads.
Market brief noting local packing house quotations for dried salt bacon and bellies with multiple prices including 14 to 16 pound averages and varied cents per pound. References to dry salt extras fancy bacon and hams plus pure lard and compound lard pricing.
May 1 maritime note lists arrivals at Galveston including El Norte New York Rakiura Nor New castle Preston Nor Barrios Fort Mor gan Nor Puerto Mexico and arrivals Patria Naples. Sailed: El Valle New York Topila Tampico New York May 1.
Note by Allen Buell states winds under ten mph and precipitation under .01 inch are not published. weather report excludes fringe data and emphasizes minimal conditions observed.
New York May 1 Wage hikes and rising raw material costs push cotton goods higher in major markets. Print cloths advance to seven cents. fine cambrics and nainsooks rise. prices for prints, convertibles and finer cottons up from a week ago. Trading quiet. East weather slows summer fabrics distribution. dyestuffs remain costly.
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