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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 11, 1916
Page
13
Demand for cotton drives a surge in prices as traders react to foreign news factors. Market activity increases with broad optimism and growing interest from buyers seeking quick purchases amid supply concerns.
Quotations from principal spot cotton markets provided daily for buying and selling. Middling grade prices quoted as standard unless noted, for cotton delivered at the market.
The cotton market opened firm with a 7 to 12 point advance as covering and trade demand supported prices. July futures swung from 13.01 to 13.18 and October from 13.20 to 13.29 before retreating near last night's close amid midday volatility and later quiet steadying.
New York May 11 cotton futures opened firm with July at 12.601 cents per pound and October 13.26, December 13.44, January 13.49. Futures closed about unchanged after trading with higher and lower intraday moves.
An eleven o'clock call indicates Liverpool will open Friday with a drop in points. The New York Call section follows, noting a close and a 12.96 October value.
San Antonio cotton buyers paid prices for delivered cotton at local compresses on Thursday. Grades listed include good middling and strict middling with values around 1804 for low middling and 1875 for strict good ordinary, reflecting market quotes of the period.
New Orleans La May 11 buyers felt better cables and favorable weather as cotton prices advanced 14 to 16 points in early trading. Heavy liquidation of long cotton trimmed gains but the market held a steady undertone with trading months up 2 to 8 points at noon.
New Orleans on May 11 reports opening bids for cotton futures with May at 12.78, July 12.97 asked, October 15.09, December 13.21, January 13.32. Market shows varying highs and lows though the record contains garbled notes.
Spot cotton unchanged with good middling at 8.434 pence per pound. Prices: middling 8.434, low paid 8.19d. Sales 00 bales, including 1000 for export and speculation. Receipts 13,000 bales.
The Liverpool market lists futures for May through June and beyond with small variances. Prices show May 8.22 and subsequent months fluctuating around 8.1 to 8.0 pence, with several 0.01 to 0.02 shifts across the calendar.
New York commodity report shows spot cotton seed oil at 10.88 to 10.95 dollars. May futures range 10.868 to 10.89, June 10.96 to 11.00, July 11.02 to 11.05, August 11.06 to 11.07, September 11.07 to 11.08, October 10.09 to 10.10, November 9.27 to 9.25, December 9.16 to 9.17. Total sales amounted to 15,600.
J. P. Hayward Jr of Hayward Howard & Co in New Orleans tours the cotton belt and predicts 1916 production will fall far short of 14,000,000 bales needed. He cites war in Europe boosting demand and notes bulls in New Orleans expect sharp but brief declines before prices rise above prior records.
Wholesale prices to trade for Texas and California produce with numerous items listed. Potatoes onions celery peppers cabbage corn and oats feature among vegetables, while apples peaches grapes and various canned goods appear in the fruits and pantry section. Several price points specify per hundredweight per crate per dozen and per box across regional markets.
Yesterday recorded no precipitation with a daily deficit of .11 inch. Total since January 1 is 6.78 inches with a deficiency of 3.53 inches.
The Chicago market fell as expected rain in Kansas and cooler belt weather pushed wheat prices down. July and September settled around 1.16 a bushel after earlier declines, while corn weakened on planting acreage signals and oats stayed firmer despite green bug damage in the southwest. Provisions declined even as hog prices rose, with lard lacking support.
A concise report notes current cotton market conditions in San Antonio with price trends, actionable figures, and key factors affecting supply and demand. Local buyers and sellers observe price shifts, futures activity, and cash market levels.
Thursday grain and hay prices posted in San Antonio include corn grades at 86 to 8Tc per bushel, oats around 44 to 54 cents, and mixed grades. Hay values show Milo maize bulk at 1.10, erita bulk 1.12, Kaffir corn bulk 1.10, cane hay 15 a ton, prairie hay 11 a ton, Johnson grass 12 a ton, and alfalfa choice 20 a ton New Mexico.
Chicago May 11 quotes show wheat No 2 red and No 2 hard at 1.15 to 1.17 dollars, corn No 2 yellow at 0.75 to 0.76 dollars, oats standard at 0.48, barley at 0.68 to 0.80 dollars.
Quotation figures show Wheat No. 2 hard at 1.099 to 1.17, No. 2 red at 1.09 to 1.18. Corn No. 2 mixed at 69 1/2 to 70 1/2 cents, No. 2 white at 70 to 71 cents. Oats No. 2 white 46 9 to 47 cents, No. 2 mixed 40 to 42 cents.
Quoted grains show wheat No. 2 at about 1.23 dollars per bushel and corn No. 2 around 0.74 to 0.76 dollars, with No. 2 white near 0.75. Date details indicate regular daily quotations from St Louis.
May wheat at 1.07 percent with July at 1.084. May corn 68 percent with July around 69 percent. May oats 41 percent.
Local packing house quotations issued Thursday list dry salt bacon at 14 to 16 cents, dry salt bellies 14 to 16 pounds average at 14 to 16 cents, fancy breakfast bacon 21 cents, fancy hams 21 cents, bacon bellies 14 to 16 pound average at 18 cents, pure lard 14 1 2 cents, compound lard 12 4 cents.
May reports from Savannah show turpentine at 87 with sales 249 and receipts 157 while stock stands at 57 243. Prices for various grades and buyers listed, with mixed activity and firm tone noted.
Thursday buyers paid a range of prices for local products led by country candied at 50 cents per unit and butter at 31 cents per pound. Poultry values were steady with hens at 5.50 to 6.60 per dozen and turkeys and ducks priced per pound within the shown bands.
Quotations today show butter lower and creamery at 28 1 2 cents, eggs higher, receipts 23 930 cases. Freight 20 14 21c, ordinary fair at 19 19 1 2 cents. Potatoes receipts 22 cars, market unchanged. Poultry higher with fowls 12 cents per?
Kansas City May 11 market report shows butter firsts at 32 cents, seconds 28 cents, packing 25. eggs firsts 21 cents. poultry prices with hens 6 cents, turkeys 20 cents, springs 25 cents.
New York markets quote raw sugar firm values for centrifugal sugar at 6.52 dollars and molasses at 876 dollars. Refined sugar firm prices list cut loaf at 8.86 dollars and crushed at 8.65. Powdered sugar grades show 75 fine granulated at 7,635 dollars and diamond A at 7.85.
In New York on May 11 mills reported better demand for cotton goods for future delivery. Worsted yarns remained quiet while burlaps sold at large prices. Laces and embroideries were quiet.
New Orleans reports rice markets showing continued strength in rough Honduras and clean Honduras with unchanged quotes. Rough 441, millers 441, clean 7,100, sales 907 pockets clean Honduras at over 52 pockets Japan at 3 1/2.
Texas plans a promotional dinner to showcase its food products during the National Editorial Association gathering in New York this June. Commissioner Fred W. Davis says the event, including meal prep and engraved menus, will cost under 3000 dollars with Communities providing the products. Col Lee J. Roundtree of Georgetown, association president, aids the effort and a brief Texas talk will accompany the meal to attract free publicity.
Dallas May 10 report: the state organization of Elks in annual convention selects San Antonio as the host city for the 1917 state convention to be held there next year.
The Merchants' and Miners' steamer Berkshire, sailing from Newport News to Baltimore, collided with a barge in Hampton Roads. The Berkshire ran aground on Hampton Bar to avoid sinking. the barge is reported sinking. The Berkshire is said to be in no danger.
May 11 at Union Stock Yards reports high prices for cattle hogs and calves. San Antonio yard shows 564 cattle 144 calves 124 hogs with steers up to 7.50 and cows 5.50 to 6.50. Calves 7.00 to 7.75. Hogs 8.00 to 9.25 per hundredweight. sheep around 0.5 hundredweight. Better range conditions boost shipping potential.
In Fort Worth Texas, cattle receipts 2890 with cattle prices ranging from calves at 4.60 to 10.25, hogs 3500 with bulk near 9.50 to 9.70, sheep 609 with lambs 9.00 to 11.50 and ewes 6.50 to 7.50. Goats fetch 4.50 to 5.50 amid active trading.
Chicago markets show hog receipts about 1,000 with mixed to heavy steers and calves in cattle listings. Native beef steers bring 7.90 to 10.19, western steers 8.06 to 9.00, cows and heifers 4.55 to 9.50. Sheep receipts near 11.09 with wethers 7.15 to 9.64 and lambs 8.25 to 12.18.
In St Louis on May 11 receipts and prices for hogs cattle and sheep are listed. Hog values range from 7.099 to 10.00 for mixed and butchers while cattle receipts show varied prices for native beef steers wearhat steers and heifers cows stockers and yearlings. Sheep receipts indicate higher market with wethers lambs and clipped lambs priced up to about 12 dollars.
Kansas City May 11 Receipts and quotations show a strong market across cattle sheep and hogs. Hog prices range around 8 50 to 9 90 for heavy to light. prime fed steers near 9 40 to 9 85. cows 5 56 to 8 25. lambs about 9 59 to 12 90. wethers 7 59 to 9 50. stockers 7 00 to 8 75.
Galveston marine news notes arrivals at port include Corinto from Nov and Barrios. Vessels El Sol bound for New York and Henry is asked about financing pools while Bosoth Transcript provides a garbled quote about water in stocks.
The New York market opened higher after yesterday's dip with moderate, professional trading. Shipping shares led gains with United Fruit and Mercantile Marine preferred up, Mexican Petroleum, American Sugar, Woolworth rose, and Willys-Overland advanced. Union Pacific, Reading, and United States Steel gained while Rock Island fell. Munitions and niche stocks climbed in the afternoon, Marine preferred extended its gains, and the close remained firm despite a quiet final hour.
Time loan options 60 and 90 days offered at 3 percent. Six month loans at 3.81 percent. Call money ease with high 2 percent low 1 percent. Ruling rate 2 percent. Last loan 2 percent. Closing bid 1.4 percent, offered at 2 percent.
Mercantile paper 3 percent. Sterling 60 day bills 4.72 and 4.75 11 16 for demand. Cables 4.767 156 Guilders demand 40 percent. Bank notes bar silver 76tec. Mexican dollars 60 c. Government bonds steady railroad bonds firm.
Lead at 7.3204 with dull spelter and copper firm for electrolytic. East St. Louis delivery at 17 asked. August and later at 28.75 to 30.00. Tin dull with spot at 48.78. Tron steady unchanged.
London market notes lead at 34 pounds 5 shillings sterling. spelter 98. spot copper 141. futures 135. electrolytic 154. snottin 198 futures 197 pounds 14s.
New York trading lists No 7 Rio coffee at eight and a half cents per pound for May 8 with May 11 release noting a late bid and a December price around 8.57 cents. The report cites market activity and supplier quotes.
Fort Worth stockyards on May 11 reported cattle sales with participants and prices noted. Buyers and sellers engaged in typical wholesale activity as markets opened for the day.
Market steady for cattle and sheep with receipts 2420 and 600 respectively. Hogs at 1125 head with five cent drop to top price 9.75. Noted sales include Yuk on Taylor Yukon Oklahoma 16 MUCOPE at 8.86 to 9.06 and Lone Wolf Moore 8.80 to 8.90 with listed buyers Griffith and others.
Mrs Boardman Harriman, a New York authority on social decorum, spoke at a Colony Club luncheon about the servant problem. She cited a Madison Avenue mansion interview in which a chambermaid described her recent placements by floors, illustrating turnover and unreliable records.
The bulletin lists temperature and rainfall readings for southern Texas stations in the Houther district for May 11 at 18 a.m. meridian time, noting weather conditions.
Nels A. Roselund was arrested in Chicago on a charge of circulating counterfeit money after attempting to pass a counterfeit five dollar bill at a confectionery store. Police found $2400 in counterfeit bills and the printing plate at his home.
A dialogue snippet features Senator Sorghum debating honesty and its social impact. The exchange questions whether blunt truth-tellers are virtuous or merely detached and self-centered, with a nod to Washington State in the surrounding context.
The Alamo City Rifle Club, recently formed, will meet at Armory Hall Market House Thursday at 8 15 pm. Over 30 applications to be acted upon. Club aims to reach 100 charter members, seeks indoor 22 caliber range, and outdoor NRA sanctioned range. Barbera offers medal for top individual score in upcoming events. Membership open to all men over 16.
Three men suspected of robbing the German American Bank at Blackburn are trapped near Hallet Oklahoma. A posse recaptured them after tracking seven explosive charges used to wreck the Blackburn safe and following horse tracks and a broken shoe. The haul totaled about $309 with $2500 allegedly left behind. captured men include Jack Stevens and the Meadows brothers.
Police report 26 Black victims, mostly women and children, perished when a gasoline tank exploded in a frame building showing a motion picture. Twenty more were injured as the crowd rushed to escape.
Five thousand workers at the Colorado Fuel & Iron Company steel mill in Pueblo receive a wage hike announced today, boosting the monthly payroll by about 4000 dollars and about ten percent, effective May 1. A similar raise was approved last February.
Saratoga Springs May 11 The Methodist Episcopal Church general conference considered a Church Federation for Social Service report urging living wages, fair trade, cooperative ownership and social use of church facilities. The document stresses church cooperation to improve industrial conditions and aid workers.
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