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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 18, 1916
Page
11
Trade reports indicate strong interest in new crop cotton with prices rising. Buyers seek staple length and quality as futures and local markets show firm demand. Some selling activity appears as growers push to secure favorable quotes.
Daily quotable prices for middling cotton at major markets San Antonio and New Orleans. San Antonio mid at 12.69 with 3,045 sales. New Orleans 12.88 with 2,255 sales. Deliveries valued at market price unless noted otherwise.
The New York cotton market opened with renewed active buying and firm prices, July up to 13.33 and October 13.30 as bulls repurchase and shorts cover. Liverpool provided early support, while storms in Gulf states and reports of papal appeals over the U boat campaign influenced activity, with prices eventually easing to around 12.29 for October.
San Antonio buyers paid mixed rates for cotton delivered to local compresses on Thursday. Prices show Middling and Low Middling with ranges around 8.00 to 10.94 per unit, reflecting market variation and grade differences.
Futures opened firm with May at 18.06, July 13.15, October 18.26, December 13.43, January 13.46. Prices closed 14 to 15 points higher. no additional readable details provided due to garbled OCR text.
Eleven o clock call notes Liverpool due to open Friday with a two point higher gap. Also mentions New York call and a referenced WY amount of 55k with a potential 13.28 figure and a week behavior around 13.29.
Cotton in New Orleans climbs 16 to 18 points in early trading as good cables and cool belt temperatures support demand. Brokers report scant selling while drought worries in the Atlantic favor higher prices. by noon futures gain 11 to 12 points and by 1 30 p.m. pockets rise 17 to 19 points.
The first new peaches of the season reached the San Antonio market from East Texas with excellent quality, selling at 2.50 per crate of four baskets. The season’s first peaches appeared May 25 in 1915 and May 14 in 1914, with volume to grow around June 1. Oysters prices are set to rise 10 percent nationwide per a Atlantic City meeting, while Texas strawberry supplies wane and Arkansas berries dominate. Egg market remains flat as cooler weather boosts quality. grain prices hold steady.
Liverpool May 18 spot cotton trading with good middling at 8 3/4, middling 8 11/16, low middling 8 7/16. Sales total 1,000 bales including 1,000 for export and speculation. receipts 13,000 bales.
Futures hold steady with detailed quotes for near and distant contracts. Rates shown include May 8.454, May-June 8.40d, June-July 8.85 and subsequent monthly spreads, reflecting a firm forward curve.
The report lists cotton stock and deficit figures for various locations including Norfolk and Galveston. It notes stock levels for yesterday, last week, and last year, with totals such as 6,996 in one line and 1,208,854 for the prior year.
The report cites clear to partly cloudy conditions with missing minimums. Arrows indicate wind and temperature rising in the northwest. Precipitation of at least .01 inch in the last 24 hours, yesterday total .20 inch, daily excess .11 inch, January 1 total 6.98 inches, deficiency 4.07 inches.
The report shows continued decline in hog values with 19 to 25 cent losses per hundredweight. Fort Worth hogs fall from 9.95 to about 86.75 dollars as cattle hold steady and sheep and goats weaken. Cattle receipts at San Antonio total 274 cattle and 167 hogs with no major price shifts. best steers at 7.80, cows 8 to 6.89, calves 7 to 8. Rain signals boost cattlemen as I. and G. N. and Southern Pacific rails note widespread showers from Laredo to Taylor and Sabinal to Houston.
In Fort Worth on May 18 cattle receipts reached 3000 with steady bids across categories Reeves cattle traded around 6.50 to 8.49 per hundredweight for stockers cows and calves listed. hogs at 3600 receipts were 10 cents lower with bulk near 86.99. sheep receipts 4000 showed lambs 9.00 to 12.60, yearlings 8.00 to 8.75, ewes 7.50 to 8.00 and goats 4.25 to 5.75 amid mixed values.
Wheat futures fell after a fresh setback with July at about 1.12 and September near 1.40. The decline followed favorable crop advice from the Dakotas and Minnesota and a Vatican note to Germany on submarine warfare. Corn eased modestly as wheat weakened, while hog market strength lent support to provisions.
Receipts and quotations for hogs cattle and sheep at St Louis on May 18 show hogs light at 7.50 to 9.95 with bids and ranges noted. Cattle receipts around 18000 with native beef steers 7.50 to 10.25, yearlings 8.10 to 9.85, cows and heifers 6.00 to 8.00, prime stock listed. Sheep receipts about 500 with wethers 7.09 to 9.00 and lambs 10.00 to 12.60 priced per head.
Carrot buyers paid prices for grain and hay delivered in San Antonio on Thursday. Corn prices ranged from 86 to 88 cents with variations by grade. oats ranged from 42 to 62 cents with sulfurized at 54 cents and sacks at 3 cents per bushel. Hay prices included millet, Kaffir corn, cane hay, prairie hay, Johnson grass, and alfalfa with per ton figures from 11 to 20 dollars and bulk prices around 1.08 to 1.20 dollars.
About fifteen to twenty civilian training camp recruits are expected Thursday as chambers of commerce Lions and Rotary clubs canvass. Arthur E. Lowe is the latest joiner with committees promising more names by night. Lions committee led by Percy Tyrrell and Frank Patton pushed field work and G A Stowers Furniture Co will send two or three recruits.
Receipts and prices listed for hogs cattle and sheep in Kansas City. Hogs receipts 7900, market higher with bulk 9.55 to 9.80, heavy 9.75 to 9.85, light 9.50 to 9.75, pigs 8.50 to 9.00. Cattle receipts 46960, market strong with prime fed steers 9.49 to 16.00, dressed beef steers 8.25 to 9.28, cows 5.60 to 8.25, stockers 7.25 to 8.85. Sheep receipts 54099, market strong to higher, lambs 10.00 to 12.49, yearlings 8.50 to 11.25, wethers 8.25 to 9.50, ewes 8.00 to 9.25.
Quotations to Gay were as follows Wheat No 2 hard 1.07 1.08 No 2 hard 1.08 1.08% Corn No 2 mixed 0% Tic No 2 white 12 72c Oats No 2 white 46 47c No mixed 40 42c
May grain futures closed steady in Kansas City with Wheat at May 1.04 and July 1.05. Corn held around 68 cents for May while July price appears incomplete in the report.
Chicago reports cattle receipts 3000 with market steady. Native beef cattle bring 23.10 to 10.25, western steers 8.10 to 9.10, stockers 6.00 to 8.50, cows and heifers 4.40 to 9.50, calves 8.00. Hogs receipts 21,600 with prices from 7.40 to 9.90, pigs 7.40 to 9.30. Sheep receipts 6960 and market firm with wethers 7.85 to 10.10, lambs 9.10 to 12.85, springs 11.00 to 13.50.
St Louis market reports show quotations for Wheat No 2 red around 1.18 to 1.22 per bushel and No 2 bard, Corn No 2 The No 2 white around 75 to 76 cents, Oats No 2 around 42 to 42 1/2 cents.
Quotations from Chicago on May 18 show Wheat No 2 red nominal and No 2 hard 1.14 to 1.16 dollars. Corn No 2 yellow at 76 7 cents and Oats Standard at 46 to 47 cents. Barley quoted at 61 to 63 cents.
A Brackenridge high school domestic science demonstration showcased gown making, culinary work, embroidered linens, and lingerie. Mothers and friends attended as students under Miss Kate Andrews and Miss Jean Harwell led the department.
At a May meeting the Eagle Pass fire department designates nine fire districts and urges continuing the phone alarm system. It recommends buying a new whistle and a bell for the pumping station. The president notes faster response times and says a jitney company and auto owners help haul hand drawn equipment to fires.
Former Senator Bailey departed for San Antonio to attend the Democratic state convention convening May 27. Cato Sells, Texas Democratic national committeeman, leaves Thursday night but will not seek to name a successor, saying he is going to Texas on business and will attend the convention.
A tabloid piece records a humorous exchange about a suburban property, with a person downplaying the yard size and joking that the space measures a standard regulation three feet. The brief scene illustrates everyday curbside chatter and small property quirks.
George P. Harrison of Alabama was elected commander in chief of the 26th annual Confederate Veterans reunion in Birmingham. Washington is chosen next reunion city over Tulsa and Memphis. A 75 year old Birmingham veteran died on the ball room floor during the grand reunion ball. The Birmingham plan provides ample cots and care for veterans with more than 4500 attended at the fair grounds camp.
In New York on May 18 the cotton seed market remained firm. Spot and May bid $10.75 while June trades ranged $10.40 to $11.00 and July $10.91 to $10.93, with September $11.02 to $11.08 and October $16.10 to $11.06. November $9.34 to $9.25 and December $9.23 to $9.24. Total sales reported at 13,206.
May 18 report from San Antonio shows eastern belt fair weather while the west is unsettled and showery. Temperatures run below normal with rainfall of an inch or more at Port Gibson Mississippi Amite Robeline Grand adcore and Grendeane Louisiana Altus Oklahoma and many Houston district stations. Rain totals exceed two inches at Dublin Huntsville Long Lake Nacogdoches and Waco. Hall at Waco. Allen Buell meteorologist.
War shares and related issues gain at the opening with Crucible Steel Mexican Petroleum and shipping stocks up a point or more. Reading leads, with large lots from 1000 to 2000 shares at 8 to 93 1/2 cents showing a rise before midday profit taking, then climbing again as dividends resumed and rails gain.
Trading in Mexican money in San Antonio Thursday shows quotes for various currencies and bank notes. Mercantile paper stands at 8 percent. Sterling 60 day bills at 4.73 dollars per pound, demand 4.76 and cables 4.76, Guilders at 41 percent, bar silver 75.4 cents, Mexican dollars 68.4 cents. Government bonds steady, railroad bonds firm.
Shippers market in San Antonio reports prices for Friday delivery of Texas country goods. Butter from the creamery quoted 25 31e per pound, country butter 26e, packing stock 17 18e, poultry steady with hens at 5.00 6.50 per dozen, large fryers 6.50 7.40, broilers 3.50 4.00, turkeys 1f per pound, ducks 4.50 5.50 per dozen, geese 6.00 7.00.
Receipts show higher butter and potatoes with regional details for Minnesota Michigan Wisconsin and North Dakota. Poultry prices rise with fowls at 18 percent and 18 cents, while overall receipts list quantities for exes and ordinary fists with varied percentages and cents.
Kansas City market report lists butter at 28c firsts 270 seconds 25c packing 28c eggs firsts 21c poultry hens 16c turkeys 20c springs 25c Plus miscellaneous notes on creamery pricing and day’s quotable ranges.
New York May 18 raw sugar values listed with centrifugal at 6.52 and molasses at 5.75. Refined products show various quotations from loaf 8.80 to powders 7.80 and 7.75, with specific grades Diamond A and confectioners A around 7.55 to 7.50.
New York reports May 18 trading with cotton goods quiet and firm. Yarns showed firmness and slight gains, while worsted yarns, laces, and embroideries remained quiet.
Turpentine firms report 38 to 39 percent. sales 470. receipts 257. shipments 428. stock 7501. Resin firm shows sales 1470. receipts 959. shipments 1858. stock 469. Quotations listed for A B C D E F G H with prices around 4.38 to 5.59 per unit.
A weather bulletin lists morning observations from multiple U S locations on May 18 1918. Readings include wind directions speeds temperatures and precipitation with notes on those under ten mph or under .01 inch not published. Allen Buell serves as meteorologist and a humor snippet follows about legal charges for winning a suit and removing an appendix.
New York reports time loan terms of 60 days at 2 to 3 percent, 90 days at 3.8 percent, six months at 3 percent, with call money bands at 2 percent. Ruling rate remains 2 percent, closing bids and last loan recorded at 2 percent.
London reports bar silver at 26 and Morley gold at 4.4 percent per ounce with discount rates for short and three month bills at 4 percent. The figures reflect financial activity in the London market dated May 18.
May 18 metal markets report lists lead at 7.20 to 7.40, copper firm near 29.00 to 30.00, tin at 49.00 to 59.00, iron steady, spots varied, east St. Louis delivery noted for spelter showing dull activity.
London market summaries list lead at £34 108 6d and Spelter £85 while copper futures stand at £141 and £158 for electrolytic. Spot tin trades at £197 5s with futures at £197 10s.
Jefferson City Mo May 18 The second reorganization plan for the St Louis and San Francisco railroad is filed with the Missouri Public Service Commission It proposes a capitalization of 246618318 with a proviso that additional securities may be issued with commission consent A May 1 hearing was granted The plans were prepared by New York banks J and W Seligman and Speyer Co as the reorganization committee
Rice trading in New Orleans on May 18 shows steady quotations across most grades. Receipts totaled 19,690 with sales including 689 pockets clean Honduras at 3 1 2 cents and 866 pockets Japan at 39 1 2 cents.
About 300 delegates gathered in Cincinnati as President R H West opened the twenty eighth annual convention of the National Live Stock Exchange. The three day meeting begins today and runs through May 20.
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