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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 12, 1916
Page
10
South announces reduced cotton sale quantities and pricing details. The report notes lower offerings from producers and market expectations regarding price movement.
The market opened firmer with Liverpool bids higher on smaller Southern offerings and trade demand. Dec and Jan futures advanced to 15.45 and 15.53 then fell before afternoon rally. frost in Texas and Oklahoma supported buying while Southern selling capped gains. Spot prices in San Antonio showed middling and other grades, with fluctuating quotes as the day progressed.
Weather bureau data dated September 12, 1916 shows U S stock at sea ports including Galveston Houston Texas City Port Aransas Mobile Savannah Charleston Wilmington and national stock levels with yesterday and last year figures and an excess this season. Observations note wind under 10 mph and precipitation under .01 inch are not published. Allen Buell meteorologist.
The New Orleans cotton market rose 20 to 22 points in early trading as storm warnings for the South Atlantic coast and rain forecasts for the Eastern belt lifted demand. Spot prices gained six points, but profits taking and fading buying power reduced gains. by 1 30 pm prices stood 9 points above yesterday’s close with trading months up to five points.
The New Orleans cotton market opened steady with October at 14.82, December 18.06, January 16.28, March 16.45, and May 16.65 asked. Futures closed 6 to 9 points higher.
Liverpool spot good middling at 9.5242 pence, middling 9.86d, low middling 9.20d with 8000 sales and 16,000 receipts. Futures show September 9.31 1/4d, October 9.27d, December 9.21d. New York cotton seed quotes open 9.76, noon 9.75, close 9.76 to 9.85 with 426,000 sales.
Grocers are notified of a 5 cent per case advance on all canned meats amid record demand and limited supply. Meat exports rise sharply with beef leading gains. corn and oats soften while hog prices push provisions higher. War effects push cautious market mood and unsettled closes.
PROVISION MARKETS CHICAGO Sept 12 Quotations local packing house quotations to deal era Tuesday Dry salt extras 16 c bacon extras 18 c dry salt bellies 14-14 pound average 18 c fancy breakfast bacon 75 c fancy hams 2 c bacon bellies 14-16 pound average etc Pure lard 16 c compound 12 c
Lower cable quotations weakened Chicago wheat trading as Liverpool reported stagnant business due to strikes and British supply cuts. European visible supply rates fell to offer only temporary Bulls support, with December opening near 1.62% to 1.68% and May around 1.563% to 1.64 before a rally and subsequent setback.
Chicago quotations show wheat at 1.53 to 1.54 a bushel for No 2 red, corn No 2 yellow at 86 to 87 cents, oats standard 45, rye No 4 at 2 1 2 cents, barley 16 cents. St Louis reports wheat higher to 1.58 to 1.67, corn lower with No 2 white 36 to 37 cents, No 2 yellow 41 to 42 cents, oats 46 cents, No 2 white 48 cents, and other small changes.
Hogs rallied at livestock centers amid spirited buying while cattle showed declines by noon. Sheep sold strong with hogs near ten dollar levels. San Antonio saw a small sale with receipts totaling cattle calves hogs and horses. Beefs slipped as North market weakness weighed on steer and cow prices.
Fort Worth Texas reports cattle receipts around 5000 with steady trade. Steers bring about 46 dollars, stockers around 6 dollars, cows 4 1 4 to 6 1 4, bulls 4 to 5, calves up to 9. Hogs receipts about 3000 with bulk 10 50 to 10 65 and top 10 70. Sheep receipts 300 with lambs 9 00 to 9 50 and wethers around 6 50 to 7 00 amid weakness.
Receipts at Chicago on September 12 show hogs totaling 10 000 with a strong to ten cent higher market across classes. Cattle receipts at 9 000 trend lower with native beef cattle at 6.40 to 11.20, western steers 6.00 to 9.26, cows and heifers 3.40 to 7.20, stockers and feeders 4.60 to 7.45, calves 8.50 to 12.75. Sheep receipts 15 000 hold steady to ten cents higher with wether 6.90 to 8.80 and lambs 7.25 to 11.40.
Kansas City market news lists grain prices for September 12. Wheat ranges from 1.59 to 1.69 for No 2 hard and 1.62 to 1.66 for No 2 red. Corn contracts show small declines across grades with No 3 mixed at 20.8 cents and No 2 yellow at 53 to 84 cents. Oats and rye |\n
Tuesday market receipts show steady prices across items in San Antonio with country candled eggs at 27 to 28 cents and butter around 19 to 20 cents per pound, poultry firm including hens 6000 per dozen and large fryers 6.60, broilers 2.90 to 3.50, turkeys 17 to 18 cents per pound, ducks 4 to 5 per dozen, geese 4.59 to 6.00. Chicago market notes butter steady to higher, potatoes up, Jersey cows 1.20 to 1.50, Minnesota-Ohio logs 1.09 to 1.25, fowls 18 cents and springs unchanged.
In Louis Missouri on September 12, cattle and hogs show strong demand. Hog receipts around 7000 with varied bids from 7.00 to 11.80 for different grades. cattle receipts about 7800 with native beef steers up to 11.00 and stockers around 5.30. sheep receipts 2500 with lambs 7.00 to 11.25 and ewes 5.00 to 7.25, market broadly firm overall.
Kansas City reports grain futures closing higher with Wheat September at 1.46 and December 1.47 percent, while Corn shows September at 1 percent and December at 0.70 percent.
Oklahoma City cattle sales total 1290 head steady. Hog sales 4300 head average 5 cents higher top 10.65. Sheep 200 head steady. Listings include Potts Roseville and Hodson Sayre and Moffett Fuson Fort Worth with various prices around 6.60 to 7.26. New Orleans dairy and sawmill figures follow with pine mill report showing new business 584,621,440 feet and shipments 88,727,764 feet.
New York reports show cotton nods steady and raw silk slightly easier while dress goods stay firm and active. Separately Standard Oil of New York cuts refined petroleum export prices by 25 points to 10.75 cents per gallon for cases and 4.50 cents for tanks, with barrels at 0.35 cents in New York and Philadelphia.
Time loans strong with 60 days at 3 1 4 percent and 0 days at 3 4 0 3 percent. six months at 4 4 percent. Call money steady with high 3 percent, low 2 4 percent, raising rate 3 percent, last loan 1 cent, closing bid 2 percent, offered at 3 percent.
New York and London market telegraph shows mercantile prices with 4.71 percent, 4 a erling rates, sixty day bills, German 4.75, cables 4.767-16, Francs demand 5.86, cables 6.88. Mexican dollars 52 percent. Government bonds firm while railroad bonds remain irregular. London bar silver at 32 1/4 per ounce with money at 4 percent and discount rates around 3 3/4 percent for short bills three months 3 percent.
Kansas City market reports show hog receipts of 15000 with values 10 to 11 dollars. cattle receipts 21000 with prime fed steers at 10 to 11 dollars and dressed beef makers up to 49.25. sheep receipts 9000 with lambs 10.25 to 11.00 and yearlings 7.60 to 8.60. A stray medical comment questions doctors labeling laziness as a disease symptom.
Kansas City market report lists quota butter at 28 cents per pound with firsts at 26 and seconds at 24. Packings show 24 1/2 cents. Eggs firsts 27 cents. Poultry prices cover hens 15 1/2 cents, roosters 11, broilers 20, New potatoes firm. Kaw Valley early chips priced at $1.80.
New York price report shows raw sugar sales of 60 000 bags for prompt shipment and 30 000 for late September. Centrifugal 5.27, molasses 4.59, refined firm 6.25. Futures market rises 6 to 11 points at noon on higher raw demand.
The Washington Oil Company, a Standard Oil subsidiary, declares a dividend of four dollars a share. This marks the first payout since December 1914.
New York reports easing cotton markets have halted the rise in print cloths and some convertibles though other lines show no major change. Buyers seek attention from mills after the upswing and more business moves on heavy goods for early next year. Prices remain high on heavy colored fabrics, wide sheetings, brown sheetings, bleached muslin and prints. details list 18-inch print cloths and various denims, ginghams and dress fabrics with firm deliveries and worker shortages noted.
Temperature and rainfall report for the Houston district through 8 a.m. with unsettled conditions and near normal temperatures. Rainfall of an inch or more recorded at Alexandria Clinton New Orleans Hazelhurst Mosedale Vicksburg Mies Carnegie Manum Weatherford Batesville Ortland and other spots, allyn abtell, meteorologist.
The Maine election fueled speculative optimism as markets opened with gains of 1 to 2 points. U S Steel reached 106 1 2, Atlantic Gulf West Indies 85, with International and Bethlehem leading industrials higher before profit taking trimmed some gains late.
Savannnah report shows turpentine steady at 45 percent with 281 sales and 298 receipts, resin sales 1142 and 149 receipts, and stock totals. A list of copper price estimates follows with varied cents per pound. The article notes limited French women’s postwar work in food, textiles, metal, rubber, and sackmaking jobs.
Lead and copper prices are recorded in New York and London markets with copper at 111 pounds sterling and tin around 169 pounds in London trading. Market notes show steady or unchanged trends with spot and futures values listed for copper, lead, and tin across the two centers.
Good demand for rough rice seen in New Orleans with a steady tone across grades. Receipts totaled 13,749 sacks rough and 2,462 millersy clean. sales included 7,802 rough Honduras with varied quotations around 2.25 to 3.46 for different types and origins.
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