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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 11, 1916
Page
13
Four room and five room cottages near paving and Cedar modern homes offered by Connoss Realty, Le Comte Realty, and S N Devine. Prices range from 1950 to 2600 with options for small cash down and balance like rent. Includes garages, porches, outbuildings, and fenced yards.
The cotton market stays firm amid a brighter mood with steady prices. Weather conditions remain unchanged as traders monitor global demand and supply cues.
The Cotton Exchange reports a steady market as favorable political sentiment over submarine tensions supports prices. Liverpool spots hit a record high near 10.27, while New York and New Orleans opened varied with strong intraday advances. Spot quotes in San Antonio ranged from good middling 16.09 to strict low middling 15.40 with other grades listed.
The New York cotton market opened steady or down slightly before rallying as Liverpool showed strong support. Buying intensified midmorning with December at 17.44 and January 17.39, later reaching about 17.50 for January and 17.63 for December as buyers and dealers absorbed initial selling. The market trimmed gains after the New Orleans weather report and midday selling increased slightly.
New York trading shows cot ton futures holding near prior levels with October at 17.12 and January 17.80 while December sits at 17.41 and May 17.60. Liverpool is expected to open Thursday down 2 to 5 points, with the 11 oclock call and closing figures near 17.28 to 17.20.
In New Orleans on October 11 the cotton market showed an initial rise of 3 to 5 points in active months despite cables and heavy offers. Buying by spot houses and rumors of independence among spot owners kept demand, lifting the noon net advance to 17 to 24 points with January hitting a high around 17.07 and all months at new highs.
Mexican buyers from Mexico City boosted San Antonio's dry goods market on Tuesday and Wednesday, purchasing wholesale lots for silk sweaters underwear and silk hosiery. Local dealers expect continued buying until a 25 percent duty increase takes effect in two to three weeks, with silk sweaters currently in high demand. Prices for fruits vegetables and poultry show notable shifts as supply tightens and demand rises.
Shippers reports show prices for Texas country candied goods at 28 to 29 cents per pound for Mays and 28 to 30 cents for Texas creamery. Country and packing stock fetch 21 to 22 cents per pound. Hens sell at 6.00 to 9.0 per dozen, broilers 3.59 to 4.00, turkeys 18 to 19 cents per pound, ducks 4.50 to 5.50 per dozen, geese 6.00 to 8.00 per dozen.
Butter is listed as easy at 80 34%c in Chicago trading. Creamery products show steady demand while eggs and potatoes receipts are reported. poultry prices for alive birds and fowls are noted as lower with spring varieties at 16c.
New York trading opened with uneven gains as investors stayed wary. Sugar and Gas issues led early advances of one to three points while Hide and Leather and several canmakers inched higher. Norfolk & Western and copper stocks showed strength later, but overall market remained unsettled amid mixed sector moves and renewed talk on Germany’s submarine policy.
Local dealers report little change yet brisk demand for stocker steers and good activity in hog trading. Quotations show steers 5.50 to 6.00, calves 5.69 to 4.00, cows 4.50 to 5.00, hogs averaging around 9.25 with steady receipts and strong throughput at Kansas City Chicago St Louis Ft Worth markets.
London money markets show bar silver at 325 164 per ounce and money at 4 percent. Discount rates list short bills at 5 4 percent and three months at 4 percent.
Fort Worth Texas market notes show cattle receipts around 6000 with steady prices across categories including steers 6.00 to 7.50, stockers 5.75 to 6.76, heifers 4.50 to 7.00, cows 3.25 to 6.00, bulls 4.00 to 4.75 and calves 4.50 to 9.25. Hog receipts about 3000 with bulk near 9.40 and top 9.65, sheep described as strong with ewes around 6.75 to 7.25 and lambs 9.00 to 9.50, goats 4.60 to 5.00.
Market wiring reports show New York prices for lead at 7.00 to 7.10 and spe lighter trades. London quotes lead at 30 10s and spe ler at 56 with spot deliveries noted. Savannah reports turpentine firm at 44 cents with 146 sales, 372 receipts, 99 shipments and stock 26 178. Resin likewise firm with 1010 sales and 662 shipments centered in Georgia trading.
Chicago ledger notes strong hog receipts at 36 000 with markers quoting bulk at 9.45 to 9.99 and light pigs around 9.10. Cattle receipts 21 000 show beef 8 0 to 11.40 and calves 7.50 to 11.75. Sheep receipts 28 000 show weth ers 6.50 to 8.20 and lambs 7.50 to 10.30, with overall weak tone.
New York reports cotton goods steadier and yarns firm with more active demand for spot and future delivery. Broad silks quiet. Jobbers remain active in the market.
In St Louis on October 11 receipts show hogs 6 to 10 cents higher with lights to 10.05 and good heavy to 10.15. Cattle receipts about 8600 with native steers 7.50 to 11.00, prime southern steers 8.00, cows and heifers 4.50 to 7.50, yearlings 7.50 to 9.00, calves 6.00 to 11.76. Sheep receipts 4000 steady with lambs 7.00 to 10.40 and ewes 8.54 to 9.50.
Kansas City market figures show receipts of about 12 000 cattle hogs and sheep with price ranges. Hogs sold at 9.90 to 9.95 for heavy hogs and other cuts around 9.30 to 9.90. Cattle receipts include 300 southern cattle with prime fed steers from 9.50 to 11.00 and cows 4.50 to 7.50. Sheep and lambs were steady to up to 10 cents higher with lambs around 9.80 and ewes about 6.75 to 7.25.
Quotations for the day show butter creamery 33 and a half cents a pound firsts 33 full cents. Cheese firsts 33 and a third cents, seconds 30 1/2. Eggs firsts 31 1/2 cents. Poultry hens 19 cents, roosters 12 1/2, broilers 19 1/2. Potatoes firm.
New York market notes show raw sugar at 6.08 for centrifugal and 5.18 for molasses. Refinery terms indicate slight rises and various grade prices including refine firm at 1, leaf 8.30, cubes 7.65, and powdered 7.26.
New Orleans Oct 11 cotton futures open steady with bids for October January 16.87 16.54 December 16.77 March 17.07 May 17.29 Futures settle steady with Oct 16.51 Dec 16.68 Mar 17.10 May 17.32. market ends with small gains and mixed limits.
Liverpool cotton market reports strong spots with good middling at 6s 41d and middling at 10,274 bales sold. Low middling 10s 114d and 10,000 bales offered for speculation and export. Receipts total 13,000 bales as of October 1.
Open noon and close figures show cotton seed oil in New York with declines from morning quotes. Liverpool futures list October to August intervals with varied d fractions. Duluth closing kerpker notes a naked December and May bids.
The report shows yesterday’s cotton stock at 987 226 bales and last week at 85 618 bales. It also lists last year’s stock at 1 136 842 bales and a season deficit of 149 616 bales.
Wholesale prices to trade cover onions celery cabbage peppers lettuce and more from California Texas and Colorado. Apples bananas oranges peaches grapes raisins and lemons shown with per unit or per box prices for trade buyers.
Oklahoma City market report shows cattle receipts 1600 steady, hogs 3700 up to 10 cents, steer and sow totals around 900 steady. Notable sales include Brummett 1058 pounds at 6.90, Addington 970 pounds at 26.50, 1050 pounds at 1. i
Weather remained warm and dry with scattered South Texas showers. Cotton picking near finished and boll weevil damage limits top yield while rice threshing should finish in about two weeks. Winter oats and wheat planting continues as moisture remains needed in northern Texas.
Washington reports that farm producers were paid 27.6 percent more on October 1 than a year earlier. The USDA monthly price index shows a 1.3 percent rise in September, following eight years of declines. The October 1 level is 19.9 percent higher than two years ago, with eight‑year average at 23.8 percent over.
American markets including cotton grain and stocks will be closed tomorrow to celebrate Columbus Day marking Christopher Columbus discovery in 1492. Local cotton exchange follows the national custom of closing on Columbus Day with Liverpool market reports still arriving for local processing.
Temperature rainfall and weather conditions reported for the Houston district for the 24 hours ending 8 a m 75th meridian time Allen Buell meteorologist Weather Bureau cites the data from San Antonio Texas dated October 11.
Chicago wheat fell after the British government announced the purchase of 18 500 000 bushels from Australia. Traders expect ships to be diverted to Europe, dampening demand for U S grain and weighing on futures from December to May. Corn and oats followed the downward trend while hog prices supported provisions.
Wednesday quotations list dry salt extras at 16 cents, bacon extras at 18 cents, dry bellies 14 to 16 pounds average 18 cents, fancy breakfast bacon SC, fancy hams 2 cents, bacon bellies 14 to 16 pound average 20 cents, Pure lard 16 cents, compound 13 cents.
Kansas City grain markets closed with Wheat Dec at 1.52 and May at 1.62, Corn Dec at .73 and May at .76, reflecting modest gains and shifts across the board.
On Wednesday October 11, 1916 at 8 a.m. LLEN BUELL reports wind under 10 mph and precipitation under .01 inch. Millers sold 3628 clean rice sacks. rough stock 65077 sacks. Prices: Honduras rough 2.60 to 2.83 per unit, Japan 3% to 3% cents, Blue Rose 3% to 3% cents for clean Hondura.
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