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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Nov 09, 1916
Page
11
The American cotton markets opened nervy amid election-related uncertainty. New York and New Orleans posted modest early gains but closed mixed as Liverpool rose then fell. Spot prices held but faced pressure with later profit taking. San Antonio buyers paid varying rates for spot cotton amid the unsettled session.
The New York cotton market opened lower on election uncertainty but soon steadied as buyers reappeared after bullish ginning figures and southern spot strength. Front months Jan and May rose through the first hour and again later in the day on Wall Street and regional support.
New York markets show December at 19.43, January 18.38, March 19.48, May 19.68, and July 19.63. The 11 oclock call notes Liverpool open Friday 6 to 8 points higher while U.S. futures close Wednesday show firm activity.
The New Orleans cotton market opened nervous and small, with early prices 6 points lower before most active months recovered to 3 points over yesterday. Uncertainty over election results restrained activity, but a buying wave formed on reports the trend favored Hughes. By noon, prices stood 19 to 28 points above yesterday, aided by strong export movement and by 1:30 the leading months showed a net rise of 26 to 33 points.
Cotton futures closed steady in New Orleans with nearby months trading around 19 cents. The report lists bids and settlement ranges for December 19 January 19 and March 19, showing modest movement and a generally stable market posture.
Liverpool reports brisk activity with 11 454 bales sold and prices rising. Receipts total 7 000 bales including 100 American, highlighting strong demand and steady market tone.
Futures close irregular on November 11 with various spreads across commodities. Cotton seed oil quotes near 12.45 with large volume figures in New York. Savannh Navy turpentine and resin markets show firm prices and stock/receipts data with multiple grade quotes ranging around 6.46 to 6.60.
Reports of heavy British contracts in the US and Canada lifted wheat as traders improved price expectations. Advances in New York and reduced Argentine exportable supply boosted futures with May reaching season highs. Corn surged on a bullish crop outlook and cheaper London port delivery, while oats gained alongside hogs and grain. Kansas City prices listed for wheat, corn, oats, rye.
Kansas City grain markets closed with wheat at 1.87 and 1/2 in December and May. Corn finished at 88 1/2 for December and 90 for May.
Chicago cash grain quotations list wheat corn and oats prices with No 2 hard and No 2 yellow values for wheat and corn. The text includes mixed figures for prices and a stray barley line indicating 80 cents to 1.00 per bushel.
In St. Louis on November 9 quotations show commodities advancing as Wheat No 2 red ranges 1.87 to 1.91 per bushel No 2 hard 1.90 Corn No 9Tc No 2 white old 1.03 Oats No 4 bic No 2 white nominal Rye 1.40 per bushel with higher prices overall.
Quotations from Chicago and San Antonio markets list dry salt bacon and lard prices with bells, bellies and hams. Fort Sam Houston sealed bids invite proposals to enlarge hospital kitchen facilities including plumbing wiring and fixtures, due by Nov 28, 1916.
The document lists wind velocities under 10 miles per hour and precipitation under .01 inch not published. Allen Buell, Meteorologist of the Weather Bureau notes this note.
Puck records a witty exchange where two playwrights joke about a manager having little time to reveal his studio’s treasures. The dialogue hints at busy schedules and an elusive glimpse beyond the door.
Hog prices edged up in all outside markets with choice butcher hogs reaching $9.25 in the Fort Worth area. Cattle offerings were light with few choice steers selling from $5.75 to $6 and butcher cows bringing around $5.50. The overall tone showed firmer conditions versus yesterday.
Fort Worth market report shows cattle receipts about 6,200 with higher prices 5 to 10 cents. Steers range 6.60 to 7.60, stockers 5.00 to 6.75, heifers 4.50 to 7.25, cows 3.60 to 6.00, bulls 4.00 to 5.00, calves 4.60 to 8.50. Hog receipts around 2,500 with gains 6 to 10 cents. bulk 9.40 to 9.65, top 9.70. Sheep offerings 150 with steady market. lambs 9.00 to 9.50, yearlings 7.00 to 7.50, wethers 6.75 to 7.25, ewes 4.00 to 5.00, rams 3.25 to 6.20.
Receipts and quotations show hogs 5 to 10 cents higher with various weights ranging up to 9.90 for heavy hogs. Cattle arrivals near 8500 with prime fed steers around 11.59, dressed beef near 7.00, cows to 7.50, calves 6.50 to 10.50. Sheep receipts 8000 with lambs at 11.00, yearlings 7.75 to 9.00, wethers 7.50 to 8.25, and stockers 5.50 to 10.00.
Chicago market report details hogs receipts about 30,000 with mixed and heavy weights trading near 9.50 to 10.05 per head while pigs brought 6.75 to 8.70. Cattle receipts around 8,000 with native beef cattle 7.10 to 12.06 and stockers 4.80 to 8.09, cows 3.75 to 9.70, calves 8.25 to 12.09. Sheep receipts about 12,000 with wethers 7.60 to 8.75 and ewes around 8.7.
Receipt totals: hogs 9500 with gains to 6 higher. lights 9.55 to 9.85, mixed and butcher 9.00 to 10.00, bulk around 9.40. Cattle receipts 6500 with native steers 7.00 to 11.50, cows 4.60 to 7.59, prime yearlings 7.50 to 9.00, calves 4.26. Sheep receipts 2509 with lambs around 7.50 to 7.00, yearlings 6.50 to 8.00, ewes 5.50 to 6.50.
New York markets opened with firmer prices despite election risks. U S Steel fell early by about 1 percent before recovering. Central Leather hit a new high after a 4 percent rise to 112. Marine preferred and common plus Utah and Rand Copper Crucible Steel and Amerteryn Zinc posted gains. Rails steadied to firm with Rock Island up two points. Iron and steel shares surged late, lifting the close to a strong finish amid overall gains.
The market shows 60 day commercial bills at 4.70 percent, demand at 4.75, and cables at 4.767. Silver at 71 3/4 cents, Mexican dollars at 65 1/2. Government and railroad bonds hold steady as time loans firm. call money remains at 2 percent with the ruling rate and closing bid at 2 percent.
London reports bar silver at 344d per ounce and money at 5 percent. Discount rates show short and three months bills at 6 and 5 percent as of November 9. Lead quoted at 40 pounds sterling and spelter at 54 pounds sterling.
A San Antonio school board committee will draft a new charter to present to the Legislature in January to conform to state two year term rules. The board voted to appoint citizens, approve a property purchase, and adopt vaccination certification requirements with a note on past rule changes.
Equitable Trust Company arranged for letters of credit to cotton dealers enabling funds to be secured by cotton at interest rates lower than local banks. The move aims to ease financing and marketing for growers as the industry shows strong quarterly results. Dividend data from Fall River cotton mills indicates robust profitability with $799,475 total distribution and a near record third quarter figure. Freight-rate proposals from Kansas City and Omaha to Mississippi Valley points face suspension by the Interstate Commerce Commission until March 10 for investigation.
New York metal market report lists lead at 7.00 to 7.10 and strong spelter. Spot prices show east St. Louis delivery at 10 to 11 percent in the east St. Louis market.
Buyers paid steady to firm prices on Thursday for Texas country candled eggs, butter, poultry, and other goods in San Antonio. Hens, large friers, broilers, and turkeys showed firm to higher quotes with notable gains in some categories. Sugar and refined sugar values were steady. sales included 2000 tons full duty and 3000 bags Porto Ricos.
Chicago November prices list butter creamery last unchanged eggs up receipts 4336 cases firsts 328 and 34 cents ordinary firsts 32 34 cents potatoes lower receipts 25 cars Minnesota Dakota white 1.60 Wisconsin Michigan white 1.60 poultry alive lower fowls 14 cents springers 16 4 cents
New York reports sugar futures quiet on November 9 with trading confined to the December contract and little active movement in other nearby months.
Kansas City data shows butter Creamery firsts and seconds quoted around 34 and 30 cents, packing 28 cents. Eggs list Firsts 34 percent, hens 13 percent, roosters 12 cents, and broiler prices. Potatoes Kaw Valley Early Ohios steady at 1.45 to 1.55 dollars.
Rough and clean rice prices strengthen in New Orleans trading with receipts tallied at 6635 rough sacks 6474 millery and 5353 clean pockets. Sales include Rough Honduras Japan Blue Rose with various pack sizes and prices listed. quotations show rough Honduras 3.00 to 4.01, Japan 3.19 to 3.40, Blue Rose 3.75, clean sea care 44 percent, bran 25, powder 436.00.
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