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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 06, 1916
Page
15
Fragmentary meteorological note records partly cloudy conditions with light precipitation uncertainties. Mentions wind speed and minimal rainfall, but key values and locations are unreadable.
Wanted list shows a Tobin Hill home around 4000 cash and Beacon Hill lot via owner financing. Brick block valued 80000 with annual rent 3000 offered for merchandise or land trade. Old gentleman with two sons seeks location with merchandise stock or cash value trade. Box 367 Cushing Oklahoma.
Between 75 thousand and 100 million dollars in banking funds were transferred from New York to London this week and the movement continues. Call money in New York yesterday fell to 2 percent as bankers struggle for profits on call loans. Time money topped at 3 percent in New York, while British banks offered as high as 6 percent on time loans.
Cotton figures show Galveston Houston and Texas City leading shipments with stocks for the day and week. The report lists bales held at Savannah Charleston and other hubs, notes a deficit of about 160,907 bales for the season, and compares figures to last year and last week.
Liverpool markets show futures mixed with October contract at 9.80 to 9.82 and spreads across months. spot cotton prices Good middling 10.07d, middling 9.93d, low middling 9.77d with 600 sales and 4100 receipts. Weekly cotton stats list totals forwarded to mills and imports and exports worldwide. New York reports No. 7 Rio coffee at 91 cents per pound with December and March futures noted.
Local grocers warn prices for canned foods like corn salmon kraut will climb due to reduced supplies. Only about half of orders may be delivered as corn production falls and salmon catches stay weak. California grapes become scarcer and pricier, while new season arrivals include Casaba melons lettuce celery beets carrots and turnips with cranberries and almonds also arriving.
New Orleans cotton opened with partial gains as the best months rose 2 points while others fell. By mid morning prices were 8 to 10 points below yesterday, then demand from mills and bulls aided a gradual rise to 5 to 13 points over yesterday's close at noon. Later, the market steadied but dropped 10 points on peace rumors before 1:30 pricing showed little change.
Prices for October through May futures showed steady opening bids in New Orleans with commodities trading around 6.0 in October and later months near 16.29 to 17.07. Daily figures list varied bid levels and closings, including December 36.88 and FOB 16.26 to 16.83 across sessions.
Wholesale market prices list varied produce for trade including potatoes 2.50 Colorado, tomatoes 1.25 California, celery per dozen 5c, cabbage 3.50 Texas per hundred, peppers 0.50 per basket Texas, sweet peppers per bushel 1.25, beets 45-50c per dozen, green beans 1.25 per bushel, carrots 35-40c per dozen, lettuce 2.25-2.50 California crate, apples 1.50 California, 1.90-2.10 Colorado fancy, oranges 4.75-5.00 per box, lemons 6.26-6.50 California, prunes 0.10-0.14 per lb, canned fruits and dried fruits also listed with varying weights and prices.
Hedge selling and excellent weather push cotton prices lower in Liverpool as market observers note weaker demand. Traders watch exchange rates and speculation from buyers in the port city.
The daily cotton markets report shows Southern hedge selling and cooler weather easing prices after opening. New York and New Orleans futures fluctuated with late gains then a peacetime drop. Liverpool spots eased slightly. San Antonio spot sales listed Good Middling at 15.84 cents and Middling at 15.69 cents with other grades cited.
The New York cotton market opened with nervous, irregular fluctuations as southern hedge selling and private Liverpool cables influenced prices. December eased to around 16.94 and March to 17.12, with other months down 26 to 30 points from the previous close before rebounding. late trading held around 17.06 for January as the market closed unsettled.
At Union Stock Yards on Oct 6 the stock market moved slowly due to overstocking. Cattle sold 3.50 to 5.00, calves 5.00 to 6.00, steers 5.50 to 6.25, bulls 4.27 to 4.76, hogs slightly off. Receipts cattle 742 calves 224 horses 112 hogs 75. market totals cattle 238 calves 85 hogs 756.
Fort Worth Texas October 6 receipts and price quotations for cattle hogs and sheep with market steady for cattle and hogs. Cattle figures include calves cows and bulls with ranges and averages. Sheep and goats show current receipts and steady market with lambs yearlings and ewes priced.
In Chicago on October 6, hogs showed receipts of 16 000 with a strong market. Bulk 9.25 to 9.75, light 8.95 to 9.95, mixed 5.85 to 10.00, heavy 8.85 to 9.90, rough 8.85 to 9.06, pigs 6.60 to 9.15. Cattle receipts 2000, market steady with native beef cattle 6.60 to 11. western steers 6.15 to 9.40, stockers and feeders 4.75 to 7.75, cows and heifers 6.60 to 9.40, calves 8.00 to 12.50. Sheep receipts 25 000, market steady with wethers 6.50 to 8.25, lambs 6.76 to 10.20.
Receipts and quotations show cattle and hog markets steady to higher at Kansas City. Hog prices quoted around 9.25 to 9.75 for various carcase and packer classes, with heavy and light categories included. Cattle receipts about 1600 with prime fed steers near 9.50 to 10.75 and dressed beef steers 7.00 to 9.26. sheep and lambs also listed with ranges for yearlings and ewes.
Receipts for hogs total 600 with higher prices across classes. Lights sell from 9.25 to 9.90, pign 8.00 to 9.00, good heavy 9.90 to 10.00, bulk 9.50 to 9.80. Cattle receipts 1800, market steady. native beef steers 7.50 to 11.00, cows 7.50, stockers 5.30 to 7, southern steers 8.00 to 9.00, calves 6.00 to 7.50. Sheep receipts 809, market steady. lambs 7.00 to 10.25, slaughter ewes 5.00 to 7.25, yearlings 8.00 to 8.75.
Oklahoma City cattle receipts today total 1506 with a steady market. top price 9.50 per hundredweight and hog receipts at 2490 with 10 cent gains. Sheep numbered 300 also steady. Kansas City quotations included butter at 33 cents for creamery and eggs higher with hens at 16 cents and roosters at 11 cents. potatoes firm with Kaw Valley early Ohio yields around 1.15 per unit.
The New York cotton market opened barely steady with October at 16.90 and December 17.01 while January 17.05, March 17.14, May 17.28, and July 17.28. Futures closed unsettled with intraday highs and lows shown, including October 16.69 and March around 17.14, as the 11 o'clock call awaited.
Raw sugar remains steady as centrifugal settles at 6.02 dollars and molasses at 5.12. Refined sugar holds firm with fine granulated at 6.90 to 7.00 dollars.
In New York on Oct 6 substantial gains were posted across diversified issues led by Central Leather up over four points to 83 1 2 and Beet Sugar to par. American Zinc plus 3 1 2 with other notable advances including Butte and Superior Frudebaker Westinghouse Railway Steel and Jinseed preferred. Denver and Rio Grande preferred rose about 2 1 2. Mid session saw minor gains in gas oils and rubber while final hour activity pushed many issues down. The close was heavy with a broad downturn in value.
New York financials show 60 day bills at par and 3% sterling while francs and guilders exchange near $5. The Cotton Region Bulletin from San Antonio reports fair weather with rain in the eastern belt and above normal temperatures for the Houston district as of 8 a.m. Friday October 6 1916.
Lead priced around 7.00 to 7.10 per unit with gains noted. Spelter shows strength with East St Louis delivery bids. Copper and tin remain firm with electrolytic copper at 27.25 to 28.50 and iron steady near 39.75 to 40.00 per unit.
Lead and spelter prices listed in pounds sterling with spot and futures figures. Copper and tin quoted with spot and futures levels, including electrolytic copper. Market data reflect London quotations as of October 6.
Cotton seed oil prices and quotes were released from New York on October 6, outlining current bid and asking levels for various grades and suppliers.
Savannah market note shows turpentine firm 43 sales 172 receipts 238 shipments none stock 23000. Resin firm 1988 totals sales 1070 receipts none shipments 0 stock 85523. Quotations list several grades with values around 6.20 to 6.50 per unit.
Galveston reports arrivals of the El Mundo and Algiers from New York and sailings of the El Sol and El Monte to New York Dayton Tuxpam via Tampico Bluefields Barrios Elizabeth Van Belgie Rotterdam. These entries reflect routine port movements with ships listed by name origin and destination.
Shippers report steady demand and pricing for produce in San Antonio Texas. Butter ranges 28 to 30 cents per pound from creameries with other dairy at 21 to 22 cents. Eggs hens at 6 dollars per dozen, large fryers 6.50 to 7 dollars, broilers 3.50 to 4 dollars, turkey 17 to 18 cents per pound, ducks 5 to 6 dollars per dozen, geese 6 dollars to 4s dollars per dozen.
Reports from Argentina of unsettled weather and expected showers weighed on the Chicago wheat market. Prices opened mixed with December around 1.59 to 1.60, then fell across the board before a partial rally. The close showed heavy losses. December and May around 1.57. Corn eased, oats and hogs gave firmer signals, and jade activity rose on advances.
Quotations in Kansas City October 6 show wheat prices steady to lower with No 2 hard at 1.5791.66 and No red 1.561.62. Corn unchanged with No 2 mixed and No 2 white 85% to 86% cents. Oats steady No 2 white and mixed 46 cents, Rye at 1.20 dollars.
Kansas City grain futures ended the session with modest gains across May wheat and May corn contracts. Wheat settled around 1.52 percent higher for May at 1.62 dollars, while corn saw December near 73 and May around 83 cents.
Market wire reports from St Louis and Chicago show mixed crop prices with wheat at No 2 red $1.61-$1.62 and No 2 hard around $1.62, corn No 2 yellow unsettled, oats lower with No 2 at 48-49 cents, rye steady at about $1.24-$1.25, and barley trading around $0.75-$1.18.
Quotations from Chicago markets on October 6 show supply and demand trends. Trade activity focuses on provision goods with steady movement and price levels reflecting current market conditions.
Local packing house quotations list dry salt extras at 16 cents and bacon extras at 18 cents. Dry salt bellies 14 edge at 18 cents and fancy breakfast hams 2 cents. Bacon bellies average 26 cents per pound. Pure lard 16 1/2 cents and compound 13 cents.
New York on October 6 reported active cotton goods markets with yarns firm and hosiery sales strong as mills moved briskly and jobbers noted a solid advance trade.
Chicago dispatch lists prices and receipts for dairy eggs potatoes and poultry. Butter creamery quoted 30 34 and a half cents, eggs receipts 6643 cases unchanged, potatoes firm with 36 cars received, Jerseys 1.26 to 1.40, Ohios 1.15 to 1.26, live poultry unchanged.
Coffee futures in New York drifted lower with No 7 values quoted for December at 8.53 and for March at 6.59 as traders noted a quiet session in the October 66 period.
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