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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Nov 20, 1916
Page
9
Cotton prices rise sharply after Liverpool market reports with the spot price advancing, futures unclear. The move reflects stronger demand pressure and currency effects, while traders watch global textile markets.
Cotton futures surged as much as 2.40 per bale on the New Orleans open amid Liverpool strength. New York and New Orleans opened firm on British reports, with Liverpool spots at 12.59d and futures trading 16 to 28 British points down at the start. By late morning prices rose across spots, with January at 20.94 and May at 20.29, and San Antonio spot at 20.06 before settling near gains.
The New York cotton market opened extremely active with first prices 20 to 8 points higher on the active months and 9 points on October. January rose to 20.94 and May to 21.82, with gains around 33 to 44 points. Buying was fueled by English and Southern spot strength and Liverpool’s vigor, while private cables noted heavy import demand abroad and fears of a cotton shortage. Prices fluctuated. afternoon highs reached near 20.98 for January and 21.37 for May before heavy realizations and profit taking moderated the advance.
San Antonio dealers report eggs rising to 40 41 cents per dozen after weeks of higher prices, with nationwide trends showing similar gains due to unusual demand. Geese price climbs to 9 to 10.50, California white onions at 5 per hundredweight, Texas sweet peppers at 50 cents per four seed crate, and Valencia oranges dipping from 4.50 to 4 per box.
Shippers market buyers paid steady prices for produce delivered in San Antonio. Texas country candled butter steady, Texas creamery 80 34¢ per pound, country 2 26éc, packing stock 24 25c per pound. Poultry firm with hens at 8.00 per dozen, large fryers 4.50 7.00, broilers 2.00 4.00, turkeys 2i pound. ducks 5.50 6.00 per dozen, geese 9.00 10.50.
Chicago market report lists butter up creamery 36 40 percent eggs steady receipts 3572 cases firsts 89 53yec ordinary firsts 37 pence per case 88 38 percent potatoes steady Wisconsin Minnesota and Dakota whites 188 1.79 Minnesota and Dakota whites and Colorado a 4 to Larry poultry alive steady fowls 15c springs
New York markets report firm cotton futures with December at 20.90 to 20.80, January 20.89 to 20.91, March 21.11, May 21.25, July 21.30, and a strong close. Eleven o clock call notes Liverpool opening Tuesday with gains between 1% and 9% points amid unsettled pricing alongside scattered figures.
Wheat opened hesitantly on November 20 in Chicago with mixed signals from Liverpool and Argentina weather. Prices closed strong with December at 1.82 and May at 1.88, aided by export buying. corn followed wheat upward while oats moved with cereals. provisions also rose after early weakness as exports outpaced last year.
On November 20 quotations showed prices for grain and feedstuffs with No 2 red oats and corn values listed alongside standard oats and barley figures in a concise market brief.
Kansas City market notes list butter creamery firsts at 33 cents and seconds at 32, eggs quoted as Pirates ste inne try with hens and roosters at 12 cents and brooders at 20, Kaw Valley early oats steady at 17 dollars.
Cotton bulged nearly two dollars a bale in New Orleans on opening today, with July futures at 21 cents a pound. A surge in Liverpool and expected bullish ginning figures spurred buying. by 1:30 pm prices were 41 to 46 points above last week’s close, though profits realized trimmed the advance.
In St Louis on November 20 quotations show wheat higher with No 1 hard at 1.85 to 1.93 and No 2 white nominal. Rye steady at No 2 1.48. Coarse grains nominal.
Kansas City reports quotations with No 2 hard wheat at 1.80 to 1.87 dollars and No 2 red at 1.80 to 1.86. Corn ranges hold from 96 to 97 cents for mixed and white varieties, with yellow at 7 cents. Oats steady with No 2 white at 57 to 57.5 cents, No 2 mixed at 55 to 57 cents. Rye at 1.40 dollars.
Kansas City traders closed grain futures with wheat Dec at 1.81 and May at 1.84. Corn Dec at 92 1/2 cents and May at 94 cents.
New Orleans on November 20 reports irregular opening in cotton futures with December at 20.29 asked and January 20.25, March 20.58, May 20.76, July 26.88, October 18.85. Futures closed irregular.
Local day quotations show dealer prices for cry salt extras bacon bellies and hams. Listings include 14-16 pound averages and price ranges for laney breakfast bacon and larger cuts with cents per pound figures.
Union Stock Yards reports unusually dull live stock trading with small cattle supply. Expect shipments midweek to boost activity. Mules trading stronger than horses. calves bring 5.50 to 6.25, cows 4.50 to 5, steers 5.50 to 6.25, bulls 4.60 to 4.75. Hogs smalls 7 to 8, best 9 to 9.25. receipts cattle 2339 calves 8 horses 105 hogs 204 goats 635. For market cattle 470 calves 260 hogs ...
In Worth Texas on November 20 cattle receipts reached 9500 with steady prices. Steers sold 7.00 to 7.75, stockers 5.50 to 6.60, heifers 5.50 to 6.00, cows 4.00 to 6.50, bulls 4.00 to 5.20, calves 4.50 to 9.25. Hog receipts were 4000, market five cents lower, top 9.65, bulk 9.35 to 9.55. Sheep receipts 100, market steady with lambs 9.00 to 9.50, yearlings 7.60 to 8.50, wethers 7.00 to 7.50, ewes 6.60 to 7.00, culls 4.00 to 5.26, goats 0.325 each.
CHICAGO UL November 20 receipts and market moves for hogs cattle and sheep. Hogs were 63 000 with slow trade and 5 to 10 cents under Saturday's average. Bulk nine to nine dollars seventy cents, light seven dollars steel nine dollars to nine ninety, heavy nine twenty five to nine ninety, pigs six twenty five to eight twenty. Cattle 35 000 receipts weak with native beef six sixty to twelve, western steers six sixty to ten twenty, stockers and feeders four fifty five to seven seventy, cows and heifers three sixty five to nine sixty, calves eight seventy five to twelve fifty. Sheep 24 000 receipts easy with wethers seven sixty to eight sixty five and lambs nine to eleven sixty. ae
Kansas City market report shows hog receipts around 12,000 with prices mixed across grades from 8.00 to 9.80 per cwt and overall lower. Cattle receipts near 26,000 with prime fed steers about 11.50, dressed beef steers 7.10, cows 7.50, heifers 5.50 to 10.00, and stockers 6.60 to 11.00. Sheep demand steady with lambs around 11.00 to 11.60 and ewes 7.76 to 8.50. miscellaneous notes indicate movement and price ranges.
Slaughterhouse totals show cattle receipts at 19 500 with prices ranging Native beef steers from 7 50 to 11 50 and cows 5 50 to 7 75 Prices drift lower overall with prime southern steers at 8 00 to 9 00 and stockers 5 30 to 7 50 Hogs receipts 21 000 with hogs and butchers trading around 9 00 to 9 70 commodity weakness noted A separate 3 500 head cannery trade reported with prices from 3 75 to 7 60 for week’s activity
Oklahoma City sale details show cattle at 22,300 head, steady. hogs 1,900 head, lower. sheep 150 head, steady. Entries list buyers Reed Gotgbo Reed, Mangum, Ratcliff Sill, Velie, Matthews Oakwood with various lot weights and prices from 4.50 to 6.60 per cwt.
Liverpool on November 20 reports spot cotton prices with middling at 12.594 dollars per unit and middling high at 12.694, reflecting market activity and sentiment for speculation and export.
Liverpool markets show unsettled futures with multiple contract spreads and relivery levels listed for November through November. A separate New York note records No 7 Rio coffee futures easing with Dec at 8.20 and Mar at 8.34.
Fragmentary data shows cotton statistics and lease figures across multiple locations including Savannah, Wake, Kista, Renae, Charleston, and Philadelphia with values around 10 485 and 7 612 noted amid unclear phrases. The text references bases in Galveston and West Rox leading to scattered figures and district mentions.
New York reports cotton seed oil prices were quoted today while news from Sicily highlights lignite deposits discovered and mining of fuel shale labeled excellent.
New York reports show last week's metal trading easing at the open as conservative financial inputs temper markets. United States Steel hit 127, with Anaconda, Kennecott, Ray and Miami Copper among new records. rails were mixed and overall turnover topped two million shares for the third straight session.
Trading in Mexican money in San Antonio Monday showed quotations with bids and asks for pesos and various bank notes. Prices listed include capitals for caps, half pesos, state and national bank notes, and notes from Bank of London and Carranza.
On November 20, Mercantile paper showed 60 day bills at 4 percent for commercial, 60 day bills on banks at 4.70 percent, demand 4.75 percent, cables 4.7671. Francs demand 5, cables 35.83, Guilders demand 40, cables 41. Bar silver at 24 cents, Mexican dollars at 56 cents. Government bonds steady, railway bonds irregular. Time loans firmer with 60 days 3.44 percent, 90 days and six months 3.4 percent. Call money firmer, high 3 percent, low 2.5 percent, ruling rate 2.5 percent, last loan 3 percent. Closing bid 2.5 percent, offered at 3 percent.
Nov 20 metal exchanges report lead advancing to 7.00 7.10, copper steady with electrolytic first quarter at 82.5 cents per pound, No 1 northern copper around 25.50 26.60, tin steady at spot 45.00, and spot lead and zinc figures noted for East St Louis delivery amid mixed quotes.
London market notes copper and copper futures with quotes in pounds sterling. Prices listed include Lean 30 pounds 10s, Boester 56 pounds 10s, Spot copper 141 pounds, futures 15 pounds 10s, Electrolytic 160 pounds. Spottin 188 pounds, futures 196 pounds 6s.
New York November 20 sugar futures opened softer with a decline of 3 to points, later recovering as shorts covered and trade sources showed demand. By noon values were near Saturday's close. Raw sugar steady at 6.40 for centrifulgal and 6.40 for molasses, refined steady. End prices included various refinements from 7.50 to 8.65 per unit.
Closed firm bids list for months from November to June with prices ranging from 12.75 to 13.90 and spread details. December to March show narrow quotes around 12.83 to 12.85 with slight increases. Total reported sales reach 24,700 units.
Marine intelligence from Galveston reports arrivals including Freida Dan ish Algeria Ester Swedish Teneriffe Lemer West Henry Mallory and sailings of Bluefelas Barrios via Lela with details dated November 20.
Albuquerque New Mexico November 20 members of the federal farm loan board are here to hear on land credit conditions and gather information to aid the board in defining the twelve federal bank districts under the rural credits act. Secretary of the Treasury William G McAdoo did not accompany the board he is in California for a rest.
Following officers are removed from detached list and assigned to regiments: Capt Paul T Hoyne Jr First Lieut George H Geeorge Hoy First Lieut Edward L Glass First Lieut Edward Mgui re Third cavalry Capt George V Strong First Lieut Karl H Gorman Sixth cavalry First Lieut Pearson Mencher Seventh cavalry First Lieut Henry J Miller Eleventh cavalry First Lieut Louis R Esteves Twenty third Infantry First Lieut Tom Fox Twenty fourth Infantry First Lieut Oscar A Straub Twentieth Infantry First Lieut Paul J Mueller First Lieut Harold W James Twenty first Infantry. Also placed on detached list: First Lieut T B Johnson Third cavalry First Lieut Horace M Hickham First Lieut Joseph C King First Lieut Emmett W Savage Twenty sixth Infantry First Lieut Phil L Thurber Third field artillery First Lieut Harold E Marr Fifth field artillery First Lieut S Vincent H Erwin Sixth field artillery Capt Walter D Smith Seventh cavalry.
In Washington on November 20 the Federal Reserve Board approved a 4 percent discount rate for maturities over 90 days up to six months for the Federal Bank at St. Louis.
New York reports robust activity in iron and steel with 250 000 tons of shell steel sold to France and Great Britain at 3 to 4 cents per pound and 76 000 tons of pig iron to various nations. Domestic pig iron sales reach 200 000 tons as car and locomotive builders add 100 000 tons to recent purchases. Railroads order 5250 cars 130 locomotives 26 000 tons track supplies and 20 000 tons welds. Structural steel demand increases district-wide.
Observations recorded at 7 a m by Allen Buell, Meteorologist of the Weather Bureau, detailing atmospheric readings for the date and time in question as part of official meteorological records.
Pittsburg Gazette Times reports Joseph Birrell’s Westinghouse Club exhibit of six boomerangs and other native Australian weapons. He shows overhand throwing and notes it is a sport learned with time. He says natives excel at turning the boomerang and uses the woomera to gain extra power for spear throwing.
The sergeant-major exams a private Flynn kit and finds soap missing. Flynn claims soap usage is high, replying it lasts three years for the sergeant. The exchange ends with the company’s amusement as Flynn explains he washes himself every day.
Judge Sam H. Cowan urged the Newlands committee to allow the Texas Live Stock Shippers Protective League the National and American Live Stock Associations to be heard December 4 and 5. He argued that states should regulate rates on state traffic, not a centralized federal system. The livestock groups seek input on service rates and remedies while preserving state authority.
Primary cotton goods markets grow stronger as cotton price rises prompt manufacturers to pull lines from stock. Prices advance across print cloths, brown sheetings, denims, indigo and other fabrics with prints and muslins showing notable gains.
A weary man, claiming years of marital bliss ended by heavy visiting relatives, asks for supper at a Fort Worth back door. He says continued hosting relatives ruined payments on their home, drove him to drink, and left his wife exhausted to death. He leaves after the family offers food.
An excerpt portrays Uncle Jake planning to leave Mister Harris’s plantation after Yankee occupation. The dialogue reveals tensions over wages, wages, and racial terms as Jake chooses work on a Yankee farm and cites national law study as a future path. The scene captures postwar labor and race dynamics on a southern estate.
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