Ton Is Uneven With Tendency of Prices Downward
Market notes show uneven tone with prices generally easing across exchanges. Sellers on all streets push for declines while buyers wait for clearer signals as trading remains cautious and volume weak.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 12, 1916
Page
13
Market notes show uneven tone with prices generally easing across exchanges. Sellers on all streets push for declines while buyers wait for clearer signals as trading remains cautious and volume weak.
The daily quotations outline middling cotton prices for key markets including San Antonio and New Orleans. Delivered prices show a range with noted figures and volumes, reflecting market activity and available lots.
New York May 12. Cotton markets show limited activity with prices fluctuating on views of peace and crop prospects. Early gains fade as Wall Street liquidation presses prices, with July around 12.97 and October near 13.12, amid thinning trade and mixed results for nearby months.
May cotton futures were little changed with May offered around 12.89 and December about 13.31. Prices closed several points lower after a day of fluctuating quotes, with high and low values shown in the day’s report.
A garbled OCR note mentions an eleven o clock call and references New York with unclear times and values. The text is fragmented with numbers like 12.90 and 13,06 and lacks coherent details or identifiable events or entities.
Buyers in San Antonio paid the following prices for cotton delivered at the compresses Friday. Prices listed include middling and good ordinary categories with per hundredweight figures. The report names specific grade categories and price ranges observed that day.
In New Orleans on May 12 the cotton market began with irregular tone as prices swung from two points down to two points up. Buying by spot interests steadied trade, lifting at noon to a net advance of 9 points, but by 1 30 p m prices showed a 7 point to 9 point loss as spot trading disappointed longs.
Cotton prices opened steady with May 1y 12.89, October 12.96 and December at 13.76. Early trades showed declines of 5 to 109 points, with weak intra-day movement and uncertain outlooks.
Liverpool May 12 Spet cotton quoted good middling 8 60d middling 8 44d middling 8 20 4. Sales 14 000 bales including 2500 for art and speculation. Receipts 2000 bales.
Futures in Liverpool showed quiet activity with quotes across several contract months. Key figures include fay 8.18%4 and March 7.82%4 as traders scan shifts in near and distant maturities.
May 12 New York cotton seed futures show firm closes. Prices listed: July $10.98–11.00, August $11.03–11.04, September $11.07–11.20, October $10.08–10.19, November $9.28–9.31, December $9.19–9.22. Total sales 15,600 units. Pot $19.80 bid. bids and asks range across months with several done at multiple levels.
The executive committee of the Texas Bankers Association elected William Philpott Jr. of itsas editor of the Texas Bankers Record as secretary of the state association. He succeeds J. W. Hoopes, now with the regional reserve bank.
Food officials note strong demand for canning supplies as vegetables are preserved now. Indiana official H E Barnard cites a 27 year old corn can packed 1888 showing no deterioration in food value, color, or flavor, supporting claims that properly canned goods keep indefinitely.
Wholesale prices to retailers and shippers for vegetables and fruits across states. Potatoes from Texas Colorado and California. onions from Texas and California. tomatoes from Florida. celery from Florida. cabbage from Texas. peppers, beets, beans, squash, sweet potatoes, carrots, turnips, and more. Fruits include strawberries dewberries apples bananas oranges lemons limes grapes cherries and dried fruits with varied crate and per hundredweight pricing.
Yesterday's precipitation was none, normal for the day at .11 inches. The daily deficiency matched the total since January 1 at .11 inches, with overall January 1 through today totaling 8.78 inches and a deficiency of 3.64 inches.
Wheat faced rains in Kansas and Nebraska with initial weakness but recovered as Liverpool demand supported ships to Argentina and Australia. Opening prices hovered near prior levels, July at about 1.165 to 1.168 and September near 1.165, then closed weak but not lower. Corn and oats remained steady to firm with limited selling. provisions edged higher on strong hoarding demand.
A brief look at cotton prices in San Antonio shows current market levels and trends. Traders note price movements, with local buyers and sellers cited as reference points for daily quotes.
Friday grain and hay prices in San Antonio include corn Texas No 8 white 86c, mixed 82 1 2c, Northern No 8 white 87c, mixed 88c, oats Texas No 3 red 44 1 2c, white 53c, sulphurized 54c, in sacks 3c higher. Hay prices: Milo maize No 3 bulk 1.10, fet erita No 3 bulk 1.12, Kaffir corn No 3 bulk 1.10, cane hay 15.00 per ton, prairie hay 11.00, Johnson grass 12.00, alfalfa hay New Mexico 20.00 per ton.
Quotations today list Wheat No 2 red at 1.14 5 t Wheat No 2 hard at 1.18 1 1.19. Corn No 2 yellow at 75 77 c. Oats Standard 48 14 c. Barley 63 at 80 c.
S&T. Louis May 12 Quotations to Wheat No 2 red 1 22 1 24 No 2 hard nominal Corn No 2 74% 1 78c No 2 white 78c No 2 48% 0 No 2 white nominal
In Kansas City this day quotations show Wheat No. 2 red at 1.09 to 1.17, No. 1 red 1.09 to 1.14. Corn No. 2 mixed 11%c, No. 2 white 11%c. Oats No. 2 white 46 to 47 cents, No. 2 mixed 40 to 42 cents.
In Kansas City May grain futures closed steady with Wheat at May 1.07 and July 1.08, Corn at May 0.68 and July 0.69.
Local packing house quotations to dealers Friday follow dry salt extras 14 percent bacon extras 16 cents dry salt bellies 14 16 pound average 17 cents fancy breakfast bacon 26 cents fancy hams 21 cents bacon belies 14 16 pound average 18 cents pure lard 14 1 2 cents compound 12 1 2 cents
Sandstorms in western Wisconsin and southern Minnesota over four days have caused heavy crop damage, reports reaching the agricultural station today in La Crosse Wisconsin.
London markets report bar silver at 36 1 2 pence per ounce and money at 4 1 2 percent. Discount rates show short bills and three months at 4 percent.
New York May 12 Speculative favorites show strength at the open Mercantile Marine again leads with a gain of over two points on large volume United Fruit adds a point and munitions rise fractions MacMillan and rugged names climb Canadian Pacific and New Haven top rails while Crucible and Baldwin join the active list as closing is strong
Stock data reveal 1,174,064 on a recent day, down from 1,218,708 the same day last year. The prior week showed 1,174,064, indicating a deficit year over year with unclear context and fragmented figures.
Union Stock Yards May 12 Lambs were 15 cents higher with Fort Worth listing a top of 12 dollars per hundredweight the season high. Cattle and hogs remained strong in Fort Worth with steers 7.50 and up to 7.00 for common cattle cows 5.50 to 6.50 calves 7.00 to 7.75 hogs 8.00 to 9.00 and sheep around 5.50 for ordinary offerings. Receipts included 210 cattle 54 calves 60 horses and 65 hogs.
Liverpool reports weekly cotton statistics with total forwarded to mills at 64 000 bales including 51 900 American. Total stock 732 000 with 872 000 American. Imports 32 000 including 25 000 American. Exports total 2000 American.
Lead quoted at 7.42 to 7.57 with Spelter weak and East St. Louis delivery at 16 percent asked. Copper firm with electrolytic near nominal values for August and later at 28.76 to 30.00. Iron steady and unchanged.
Time leans lower with 60 days at 24 percent 3 percent and 90 days at 3 percent. Six months at 8 3 percent. Call money steady. High 2 percent low 1 percent ruling rate 2 percent last loan 2 percent closing bid 1 percent offered at percent.
Fort Worth Texas May 12 market report shows cattle receipts 1300 with weakness across Beeves $6.59 to $8.50 stockers $6.00 to $7.01 cows $4.50 to $7.60 heifers $5.00 to $8.50 bulls $4.50 to $6.25 calves $4.60 to $9.50. Hogs receipts 2500 with a strong to five cent higher trend bulk $9.60 to $9.79 pigs $4.75 to $7.80. Sheep receipts 260 with 18 cent advance lambs $9.00 to $12.00 yearlings $8.59 to $8.75 wethers $7.50 to $8.10 ewes $6.75 to $7.50 culls $4.60 to $5.50 goats $4.00 to $5.50.
London on May 12 reports Lead at 33 pounds sterling per ton, Spelter at 96, Set copper at 141, Electrolytic at 156, Spettin at 198, with futures 134 to 197 pounds sterling and notes 16a. in another line.
Galveston dispatch reports arrival of El Oriente from New York and departures of El Alba and others to New York. Also notes Cette and Greek passenger Eftichia Vercotti sailing from New York. ships Montevideo Cadiz Adriatic and Liverpool listed with arrivals.
New Orleans reports steady clean Japan rice with other grades firm. Receipts total 84 8 millers 284 clean 34387 with 42 sacks sold. Honduras shipments at 3 99 per pocket with 2812 pockets clean. Japan at 8 16 to 18 cents.
Hog receipts 11 000, market firm with bulk 9 75 to 9 90 and pigs 7 25 to 9 25. Cattle receipts 1600, native beef steers 7 90 to 10 10, western steers 8 00 to 9 00, cows and heifers 4 35 to 9 50, calves 7 00 to 10 50. Sheep receipts 9000, wethers 7 20 to 9 69, lambs 8 25 to 12 15, springs 11 00 to 12 50.
In St Louis on May 12 cattle hogs and sheep markets posted receipts hogs 7900 cattle 410 sheep 1700. Hog prices ranged from 7.50 to 10.00 with good heavy near 9.55. Native beef steers 7.50 to 9.85. yearlings and heifers 8.50 to 9.75. cows 5.00 to 8.99. prime southern steers 4.00 to 9.50. calves 6.90 to 9.59. Sheep steady with wethers 7.00 to 8.50. lambs 12.00 to 16.00. clipped lambs 9.09 to 10.15. clipped ewes 7.50 to 8.50. spring lambs 10.00 to 14.00.
Observations taken at 7 a.m. May 12, 1918. Wind velocities under 10 mph and precipitation under .01 inch not published. Allen Buell, Meteorologist.
Hog receipts 5600 with a strong to higher market. Bulk 9.65 to 9.85, heavy 9.75 to 9.90, light 9.55 to 9.80, pigs 8.50 to 9.25. Cattle receipts 200 with steady market. Prime fed steers 9.35 to 9.65, dressed beef steers 8.00 to 9.25, southern steers 7.26 to 9.00, cows 5.50 to 8.25, heifers 7.25 to 8.75, stockers 7.00 to 5.75. Sheep receipts 1000 steady. Lambs 9.59 to 12.90, yearlings 8.50 to 11.00, wethers 7.75 to 9.50, ewes 7.50 to 9.25.
May 12 report shows cattle 230 head steady while hogs 4845 head firm to five cents higher. Sheep receipts 300 head steady. Buyers and consignors listed include Tredway Yukon Oklahoma and Braniga Jones Oklahoma with prices around 9.00 to 9.30 and H Spear Quanah Texas among others.
New York May 12 mercantile page shows 3% percent rate, sixty day bills at 4.72 percent and demand at 4.75 percent. Cables 4.767-16, guilders demand 41 cables 41, bar silver 77.4 cents, Mexican dollars 69.1 cents. Government bonds steady, railroad bonds strong.
The Cotton Region Bulletin reports the 24 hour weather ending at 8 a m for the Houston district. Temperatures are generally above normal with the belt described as mostly air and rainfall noted in the remarks. Allen Buell meteorologist Weather Bureau signs off.
Buyers paid prices for country produce in San Antonio on Fridays. Eggs weak with Texas country candled at 16 cents per dozen. Butter firm from Texas creamery at 30 cents per pound. Country 20 to 25 cents, packing stock 18 to 20 cents per pound. Poultry steady with hens 5.50 to 6.50 per dozen, large fryers 6.50 to 7.50, broilers 3.50 to 4.00, turkeys 15 cents per pound, ducks 4.50 to 6.50 per dozen, geese 6.00 to 7.00 per dozen.
Quotations to Gay were as follows Butter lower Creamery 26 28 eggs higher Receipts 83 9230 cases Firsts 2019 21c ordinary firsts 19 19c at mark cases included 19 20c Potatoes Receipts 22 cars market unchanged Poultry higher fowls 12 cents per
Kansas City May 12 quotations show butter at 80 cents a pound for first quality with creamery 32 80. Eggs priced at 21 cents for firsts. Poultry markets list hens at 16 to 18 cents, turkeys 20 cents, springs 25 cents.
Raw sugar centrifugal at 6.62 dollars per hundredweight, and molasses at 5.75. Refined sugar basket prices list cut loaf at 8.86, crushed 8.65, mould A and cubes 8.15 each, MXX powdered 7.80, powdered 7.75, fine granulated 7.65, diamond A 7.66, confectioners A 7.55, No 1 7.50.
In a Poughkeepsie Supreme Court session, fifty Vassar women in a political science class applauded a witness who said his wife is boss in the house. The spontaneous reaction persisted despite orders to quiet the court as Justice Young smiled.
Turpentine and resin firms in Savannah report activity for May 12 with tonnage figures on sales receipts shipments and stock. Quoted prices list multiple grades from A B C D E F G N and W forms with varying cents per gallon and barrel rates.
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