Rain in Texas Lowers Cotton Prices
Rain across Texas reduces cotton buying as markets react with lower prices. Traders report softer demand and uneven hedge activity amid ongoing weather impacts on crop quality.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 07, 1916
Page
15
Rain across Texas reduces cotton buying as markets react with lower prices. Traders report softer demand and uneven hedge activity amid ongoing weather impacts on crop quality.
The New York cotton market opened steady with a 2 to 4 point decline amid light selling. May slipped to 11.89, July to 12.03, and October to 12.31 as Liverpool moves to sell Januaries and trade sources provide cautious support.
The New York cotton market opened steady with May at 11.90 and December at 12.40. Futures closed 11 to 12 points lower amid mixed activity as Liverpool anticipated to open Saturday with prices 3 to 4 points down.
San Antonio buyers paid varying prices for cotton delivered at local compresses on Friday. Grades listed include good middling and strict low middling with corresponding figures, showing a range of values across grade categories.
The New Orleans cotton market opened with a weak tone as cables were slow and prices fell three to five points. Rain in Texas sparked cautious buying while fears of excessive rain lingered. By noon, months showed a net two point gain before a 1:30 decline left prices down 13 to 14 points from the close.
New Orleans reports opening bids for cotton futures with May at 11.77 and July at 11.95. Prices later closed 13 to 14 points lower amid fluctuating values for October and December contracts, while earlier session highs and lows are noted.
Liverpool cotton quotes show good middling at 7.86 pence per pound and middling 7.624d with low middling 7.98d. Market reports indicate 5000 bales sold including 1000 for export and speculation while receipts reach 8000 bales.
In Liverpool on April 7 futures show steady quotes with several midyear spreads. Notable bids include April 7.48 percent and May futures around 7.47 percent, with steady movement through the year into December and January contracts.
Liverpool reports weekly cotton figures with totals to mills at 90 000 bales and American share 69 000 bales. Stock stands at 859 000 bales, American 643 000. Imports total 74 000 with American 56 000. exports 9 600 bales.
Cotton seed oil closed steady on April 7 in New York with spot at 10.60 to 11.60 and near months ranging from 10.41 to 10.55. Total sales noted as 1,090 units.
Advertisement seeks experienced phonograph sales men for San Antonio Music at 316 W Commerce St with SSE, plus sign painters needed at Dooley the Sign Man 304 East Alamo Plaza.
An obscure note mentions expletives about pensines at 6am and a seventy fifth ianitir pressure reduced to sea level. It references continuous lines of air pressure and isotherms passing through points of equal temperature in a fragmented, technical context.
Union Stock Yards reports a short session with 166 cattle 72 hogs and 210 calves. Steers top at 7 dollars, cows 5.50 to 6, calves 6.50 to 7.50. Hogs peak 8.75, bulk 8.25 to 4.60. Sheep strong across centers with prices up to 17 per hundredweight.
Fort Worth TX April 7 cattle receipts 2150 market up ten cents cattle beves six fifty to eight fifty stockers six to seven twenty five cows four to six seventy five heifers five to eight thirty five bulls four to sixty six twenty five calves four to eight sixty hogs receipts four thousand market steady to five cents lower bulk nine twenty five to nine sixty heavy nine fifty to nine fifty four fifty seven forty nine fifty five mixed nine thirty to four twenty nine fifty five light nine twenty five nine fifty common seven twenty five point twenty five. Sheep receipts one thousand market steady lambs eight sixty to nine seventy five yearling seven fifty eight seventy five ewes seven to seven seventy six culls one fifty to five fifty goats four to six
Chicago market data shows hog receipts at 23 000 with varied ranges from 9.30 to 9.80 for different grades, cattle receipts 2000 with steer and cow prices from 4.20 to 10.00, and sheep receipts 8000 with wethers 8.25 to 9.25 and lambs 8.76 to 11.40, reflecting firm or strong demand across categories.
Kansas City markets show receipts of 2590 hogs with steady to lower bulk prices around 9.80 to 9.60 for heavy and 9.25 to 9.55 for light pigs. Cattle receipts are strong with prime fed steers at 9.25 to 9.65 and cows 5.00 to 8.00. Sheep and lambs gain on the week with lambs at 10.75 to 11.40 and yearlings 9.50 to 10.25 while wethers bring 5.50 to 9.25 and ewes 7.75 to 9.50.
Hog receipts 5500. prices steady. Pigs and heats 7.29 to 9.80, mixed and butchers 9.60 to 9.90, heavy 9.80 to 9.90. Cattle receipts 400. native cattle steers 7.50 to 9.75, yearling steers and heifers 8.50 to 9.75, cows 5.50 to 8.00, stockers 5.50 to 8.50, Texas and Indian steers 6.26 to 8.15, cows and heifers 4.00 to 6.00, native calves 6.00 to 9.50. Sheep receipts 1200. yearling wethers 8.00 to 10.40, lambs 9.90 to 11.40, ewes 4.50 to 8.50.
Cattle sales across Fort Worth Texas and Oklahoma City show varied weights and prices. Notable entries include Purneaux Bros Heilbronn stocker heifers at 435 pounds averaging $9.20, D Saldivar Brownenville 535 pounds at 8.10, and Hinnant Hebbronville steers around 462 pounds at 6.25. Oklahoma entries list 300 head market steady, hogs up to 5 to 10 cents, with Rush Springs 1970 pounds at $8.15 and Geary stock at 1130 pounds at $8.55.
New Orleans on April 7 reports clean rice remaining steady while other grades stay strong. Receipts include rough at 28.42 per cwt and millers at 1928. Honduras rough sales reach 324 sacks at 4.15 dollars and 1981 pockets of clean Honduras at 4.04 dollars.
In New York on April 7 the market for cotton goods remained firm and moderately active. Yarns showed strength and higher prices, silk remained easier at lower quotations, and spring trade saw duplicates on fall men’s wear beginning to appear.
Chicago April 7 A government winter wheat report sent prices up as predicted shortages loom for 1916. Early gains faded under profit taking and later, cooler weather and New York stock declines pushed wheat down. Corn and oats rose briefly in sympathy before overall weakness in hogs and provisions.
Grain buyers in San Antonio quoted prices for Friday deliveries. Wheat ranged from 1.80 dollars per bushel in Texas to 1.32 for northern. corn 0.73 Texas No.3 and 0.60 mixed northern No.2. oats 0.80 Texas red bulk, 0.52 sacks, northern white 0.65 bulk, 0.67 sacks. Oklahoma prices matched Texas grades.
Local quotations show dry salt bacon at 14 percent evaporated content with 14-16 pound bellies offered. Fancy breakfast bacon priced at 24 cents and hams at 21 cents. Bacon bellies 14-16 pound average at 18 cents. Pure lard at 18 cents and compound lard at 12 cents.
Chicago on April 7 reported quotations for grain futures including Wheat No 2 red at 1.22 1.41 23 percent, No 2 hard nominal, Corn No 2 yellow around 77 cents, Oats Standard 45 1 46 cents, Barley 62 76 cents.
April 7 Louis prices show Wheat No 2 red at 1.27 percent up and No 2 hard nominal. Corn No 2 at 5 percent and No 2 white at 74 9 cents. Oats listed nominal with no further detail.
Kansas City market totals show department quotes for grain and feed. No. 2 hard wheat at 1.12 to 1.20, No. 2 red 1.13 to 1.20. Corn No. 2 mixed 70 to 7c, No. 2 white tile. Oats No. 2 white 47 to 43c, No. 2 mixed 41 to 43c.
Kansas City notes grain futures closing with Wheat May at 1.08 and Wheat July at 1.08. Corn May at 70 4. ac, Corn July at 71 percent.
Turpentine held steady with 49 as bid price and 41 as sales. receipts 47. shipments none. stocks 6,935. Resin remained firm with 825 sales. receipts 127. shipments none. stocks 79,267. Quoted prices list several grades and buyers ranging from 4.30 to 5.60 per unit.
On April 7 in New York, coffee futures for No. 7 Rio held steady with May at 5.22 and December at 8.51 cents per pound.
The Kansas City market shows side meats and packing products remaining firm with prices about 28 points higher than last week. Mutton follows beef and pork strength, spring lambs fetch record highs, and demand remains generous while offerings are not overly liberal. Grocers report strong collections and farmers sell early produce at good prices amid ample money in rural areas.
Buyers paid farm product prices with Texas country candied goods at 16 for six dozen and butter from Texas creameries at 31 to 33 cents per pound. Poultry values held firm with hens at 6.00 per dozen and friers from 5.50 to 6.50. Broilers ranged 4.00 to 4.50 while turkeys stood at 19 to 20 cents per pound and ducks 6.50 to 6.00 per dozen. Geese traded 7.00 to 10.00 per dozen.
Butter lower in Chicago as April Creamery at 31 35c. Eggs higher with receipts 33,723 cases and firate 20c. Ordinary firsts 184 1c at mark. Potatoes wineettied with receipts 42 cars from Michigan Wisconsin Minnesota and Dakota at 75 98c for white. Minnesota and Dakota 75 53c. Poultry alive unchanged with fowls and springs 19c.
Kansas City market notes show butter at 26 cents for creamery, 3% and 4 cents for firsts and seconds, 24 cents for refined, eggs steady with quotes for recent values, hens at 15 cents, turkeys 20 cents, and spring chickens listed with various prices. The fragmentary text provides limited items but indicates typical daily market movements.
New York reporting April 7 lists raw sugar ready at $5.96 for centrifugas, molasses at $95.19, with several refined products priced per pound or hundredweight. Prices include cut loaf 8 158, mould 7.50, cubes 7.50, and powdered varieties around 7.10 to 7.15, reflecting a firm market for collectors and No. 1 grades.
Charles Dunn, a British seaman once aboard the Titanic the Empress of Ireland the Lusitania and other ships, pleaded guilty in Liverpool to failing to join his ship. Viewed as a Jonah by sailors, he feared being thrown overboard and joined the Royal Naval Reserve before being discharged as unfit. The case urged special consideration for him.
Two Scotch sailors retiring from the sea bought a small saloon in a country town. The building was repainted, then villagers gathered outside. A sailor in the window asked the reason for the crowd, and the reply sparked by the comment We bought this place for our selves! and the window slammed shut.
The Department of Agriculture projected a winter wheat output of 495 million bushels for the region, based on April 1 crop conditions and average acreage changes. This compares with 655 million in 1935 and 685 million in 1934, with a 78.3 percent normal condition, attributed to a wet cold fall reducing growth.
The state of Mississippi sought 10000 from C B Boyce and Co Memphis cotton merchants. Chancellor Taylor dismissed the suit saying the state failed to prove its case. It had alleged the firm bought convict farm cotton under weight and sold staple in England at a weight boosting value by about 75000 dollars.
A 1900s era feature describes a community of about a thousand South Sea Islanders in Skull Valley Utah. Maoris Samoans and Hawaiians live and farm together intermarry and raise children under an American superintendent. Many youths pursue schooling at Utah institutions and some women work as stenographers.
New York April 7 openings show minor gains in a light volume session. United States Smelting hits a new high at 73 percent, while Industrial Alcohol nudges up a point and other issues slip. Bethlehem Steel drops 24 on three trades, with broader weakness into the close.
April figures show sterling exchange at sixty day bills 62 percent, demand 6 7 18, cables 4 7, Mexican dollars 47, bar silver 61, government bonds steady, railroad bonds heavy as markets shift.
New York April 7 report shows time and call money steady with small changes. Rates include 2 percent to 3 percent on various terms, with 99 days and six months at 884 percent and closing bids around 1.5 percent.
London financial note reports bar silver at 297 164 per ounce. Money price 44 percent? discount rates for short bills and three months at 4 percent 74 percent.
New York metal market reports show lead at .90 asked with copper firm and electrolytic, nearby at 28.00, 285.50 for June and later 27.26 27.75. Tin remains firm with a 53 bid. Roelter not noted. Tran prices unchanged.
London market notes on lead copper and electrolytic prices with figures in pounds sterling. Lead at 33 pounds per ton? copper futures 296 pounds, spot copper 118 pounds, electrolytic 134 pounds, Speiler 94 pounds, futures 296 pounds.
Galveston marine intelligence notes arrivals include the Rio from New York and Galpe dria from Naples. Sailed vessels include the Cid from New York. Descriptions are brief and list ships with origin ports and current status.
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