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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 17, 1916
Page
9
Market reporters note rising cotton prices as forecasts of a tropical storm threaten key growing regions. Traders await official updates while ports and shipping lanes brace for potential delays. Stronger demand from textile mills supports gains despite weather uncertainty.
The Cotton Exchange notes buying strength as a tropical storm threat shifts sentiment and rain prospects loom over western Oklahoma and North Texas. New York opens higher with gains of 1 to 8 points, while New Orleans shows strength before a late-day pullback. San Antonio and Dallas quotes list middling prices with various classification levels.
The cotton market rose early as forecasts hinted unsettled Texas and Oklahoma weather and a Gulf storm. December touched 14.48 and January 14.55, then rose to 14.54 and 14.63 before retracting, with activity easing by mid afternoon.
Futures opened with August not quoted and October at 14.22, December 14.41, January 14.45, March 14.42, May 14.75. The session closed barely steady with mixed highs and lows and notes of a Liverpool opening on Friday.
A tropical system approaches gulf waters while rumors circulate that a private bureau will issue a condition report. Traders push the most active months to 17 to 18 points above yesterday's close by noon as liquidation later triggers a market reaction. At 1 30 pm trading months gain about 7 points over last prices.
New Orleans cotton prices show opening bids with October at 14.05 and December 14.28 while January climbs to 14.38 and March 14.59. Futures close steady with highs and lows across contracts, reflecting a stable session.
Spot cotton eased on Aug 17 with good middling at 8.91d and middling at 8.75d. Sales reached 8000 bales, including 1600 for speculation and export. Receipts amounted to 3000 bales.
The Liverpool futures market shows a quiet session with long edge bids listed for multiple forward spreads from August through July of the following year. Prices range from 8.63d for Aug-Sep to 8.43d for Jul-Aug, with several three to four decimal spread quotes.
New York August 17 cotton seed oil quotations shown with open noon 2 o clock close 9 9 209 15 8 55 1 400 7 100 11 400 13 600 totals and notices of Sept and Oct offerings.
The report lists cotton figures by port with numbers for Bates Galveston Houston New Orleans Memphis Savannah Charleston Wilmington Norfolk Boston and others, showing varied counts such as 1438, 4428, 114, 58, 1480, 21, 48, 88 and 365, reflecting regional activity in a historical trade tally.
New York leads with copper at 26.25 to 27.00 per unit and lead at 6.20 with shelter noted. Iron and tin hold steady. London shows lead at 29 pounds 15s and copper futures at 111 and 126 pounds sterling respectively.
Chicago reports a nervous wheat trade at the opener with prices down from yesterday, then lifted on buying orders before fading again. September ranged from 1.40 to 1.42 and settled weaker. corn and oats showed subdued activity as the market followed wheat with mixed moves and hogs influencing provisions.
Kansas City quotes today list Wheat at 1.89 for No. 2 red at 1.40 with slight gains, Corn mixed bids from 81.14 to 84 4tse, No. 2 yellow at 84 4tse, Oats at No. 2 white 44 and No. 2 mixed 44 46c.
Local packing houses expect higher provisions as hog prices rise though Chicago market stalls. Provisions show no change today with earlier gains fading. Dry salt extras at 164 cents, pure lard 18 cents, fancy hams 21 cents, breakfast bacon 27 cents. Eggs 20 to 28 cents per dozen. poultry ample though cotton harvest may trim receipts. Commission Row receipts solid. price changes limited.
Readable lines list wholesale prices to retailers for vegetables and fruits from potatoes in Texas to California lemons and oranges. Notes vary by item with units in pounds, crates, bushels, or hampers and include prices for canned goods and meats.
Grain futures closed with Wheat at 1.55 for September and 2 42 for December while Corn finished at 70 for December and 0c for another December contract.
Early trading on August 17 shows a continued advance with United States Steel at 91 1/2 after 7008 shares. Marine common rises to 36 1/2 and Marine and Republic steel move higher, while Bethlehem Steel slips from an initial gain.
Mercantile paper stands at 3 percent. 60 day bills 4.71 percent. Demand 4.75 and cables 4.769 16. Guilders demand 4 14 and cables 4 15 16. Silver 66 4 cents per troy ounce. Mexican dollars 6 1/6 cents.
Cattle receipts in Kansas City totaled 2500 with 11 cars of quarantines and the market described as steady. Slaughter and crossbred steers and heifers were noted with prices around 7.40 per cwt in some lots. Oklahoma City reports cattle receipts at 1800 with hogs at 1400, prices 10 to 15 cents higher. top hog price reached 10.16 per cwt.
Buyers paid steady prices Thursday for country produce in San Antonio. Candled Texas country sold 24 25c per lb, creamery 25 20c, country 18 20c. Poultry steady with hens 6.00 6.50 per dozen, large friers 5.50 6.50, broilers 3.00 3.50, turkeys five pounds, ducks 4.00 6.50 per dozen, geese 4.50 4.00 per dozen.
Butter steady unchanged receipts 3660 cases firsts 24 23c at mark list. Cheese steady. Potatoes higher receipts 12 cwt. Jersey bulk cobblers 1.20 to 1.25 Virginia barrelled 2.40 3.50 Minnesota and early Ohios 1.05 1.10. Poultry alive firm fowls 14 17 cents springs 20 22 cents.
Day prices list Butter Creamery 28 cents firsts 23 cents seconds 21 cents packing stock 21 cents Eyes firsts 24 cents Poultry hens 14 cents roosters 10 1/2 cents broilers 21 cents New potatoes easy Louisiana Texas Arkansas Oklahoma Triumphs Kaw Valley early Ohios $1 000 1.10 record observed.
Raw sugar remained steady at $5.75 a cent, centrifugal is $5.75, molasses at $4.93, refined quiet with fine granulated sugar priced at $7.00. Market report notes no change in key sugar grades.
New Orleans reports good demand for rough rice with clean grades steady. Receipts totaled 14 788 sacks of rough rice with sales of 13 700 sacks for rough Honduras and 3 765 pockets plus 590 pockets for blue rose, with rough Honduras quotes at 3.00 to 3.75 dollars.
Quotations listed for wheat corn and barley in Chicago today show No 2 red wheat at 1.43 to 1.43 and hard at 1.49 to 1.45. Corn prices feature No 2 yellow at 7e and date standards at 43 to 43 1 2 c. Barley quoted at 70 cents to 1.04.
SHREVEPORT La Aug 17 The Southern Cattlemen s Association unanimously chose Atlanta as its 1917 convention city Richard K Boney of Dockwort La was elected president and Neely Bowen of Memphis Tenn secretary treasurer The selection of the vice president for the slate was deferred until Thursday evening.
Quotations show varied figures across listed commodities with partial entries and garbled OCR text. The data includes several price points like 26.65 and 28.12 with inconsistent annotations and several unreadable segments limiting full interpretation.
Observations at 7 a m on August 17 list temperatures, wind directions, and precipitation for cities including Abilene Amarillo Atlanta Birmingham Brownsville Charleston Chicago Corpus Christi Dallas Del Rio El Paso Fort Worth Galveston Houston Jacksonville Kansas City Key West Louisville Memphis Mobile New Orleans New York Oklahoma City Palestine St Louis San Antonio Tampa and Taylor. Notable values include clear skies in many cities and light rainfall in some spots.
Thursday quotations list dry salt extras at 16 cents per pound and bacon extras at 17 cents. Dry salt bellies average 14 to 16 pounds at 18 percent. fancy breakfast bacon 27 cents. fancy hams 21 cents. bacon bellies 14 to 16 pounds at 20 cents. Pure lard and compound lard at 11 cents.
The Baltimore & Ohio railroad imposes an embargo on all grain shipments for export effective August 16. Shipments filled by August 15 will be accepted. The Locust Point terminals hold 3100 carloads and 1,500,000 bushels are stored in elevators.
Willie, a bright boy seeking work, finally lands a job in a bookseller’s shop. A stranger asks for The Letters of Charles Lamb, and Willie laughs at the misname thinking of Mr Lamb as a postal courier, highlighting his innocent error.
Marcus Pell, a wealthy rejected suitor, watches Harry Harrison and Ruth Roberts in a tense scene. Pell vows revenge by buying them an automobile as a wedding gift and gleefully anticipates them mortgaging the smithy to fuel it, revealing his scheming nature.
The Federal Reserve Board approved a reduction from 8.5 percent to 3 percent in the rate on commodity paper at the New Orleans bank.
New York August 17 a leading handler of bleached goods raised prices by half a cent per yard. Some print cloth mills increased quotations in narrow goods by a fraction of a cent. Demand for many finished cotton goods appears brisk with Worsted yarns in demand and run.
Cotton Region Bulletin from San Antonio reports 24 hour weather ending 8 a.m. showing generally normal temperatures across the belt. Rainfall exceeded an inch at Charlotte North Carolina and Houston Texas. remarks note overall weather state as generally fair with some heavy showers in key locations.
In Savannah on August 17 turpentine firms show 42 percent to 43 percent sales with receipts at 6 57 and stock at 16 680 while resin firms post sales 1386 receipts 1371 shipments none and stock 69 024. Notations list varied prices from 6.38 to 6.70 with several letters and figures attached.
The New York market notes Rio No 7 futures barely steady with Sept at 8 68 and Dec at 8 74 as of August 17. The report lists minor price activity and no drastic shifts in the session.
Union Stock Yards Aug 17 reports no hogs arrived in Fort Worth as dealers note prices near seven year highs at $10.10, with receipts about 119 hogs and cattle and calves totaling 11. The market shows a steady undertone and receipts similar to yesterday.
Fort Worth market data shows cattle receipts 3806 with prices for steers 6.00, stocker steers 5.50 to 6.75, cows 4.00, heifers 6.00 to 7.50, bulls 4.00, calf crops 35.00 to 9.50. Sheep receipts 1000 with lambs 9.00 to 9.50, yearlings 8.00 to 8.50, wethers 6.50 to 7.50, ewes 6.00 to 6.75, calves 4.25 to 5.00, goats 4.60 to 5.50.
Receipts and quotations for hogs cattle and sheep in Kansas City show hogs at bulk 9.90 to 10.40 with 10,000 head, cattle receipts 2,500 including 6066 southerns with primes at 9.60 to 106.75 and dressed beef 5.00 to 9.25, and sheep receipts 1,000 with lambs 10.25 to 11.10 and wethers 6.75 to 7.25.
Chicago reports Aug 17 receipts with hogs 23000 and cattle 5500. Hogs mostly lower with bulk 10.00 to 10.75, good heavy 10.40 to 10.75, night 10.00 to 10.70. hogs varied. Cattle receipts 5500 with steers 7.09 to 11.10, cows and heifers 4.00 to 9.85, stockers 5.25 to 7.90, calves 10.50 to 12.25. Sheep receipts 1500 with ewes 4.70 to 5.25 and lambs 8.50 to 11.00.
Receipts total about 4000 hogs and 1490 cattle with prices ranging from 5.00 to 10.60 for hogs and 5.00 to 11.70 for calves. Sheep receipts about 1930 with lambs at 7.00 to 30.60 and ewes around 7.25 to 10.00. Market described as slow to higher amid varied demand.
Pittsburg dealers announce a two cent cut in gasoline prices over the past four days. Today’s price drops to 38 cents per gallon after an initial reduction last Friday and another cut expected this morning.
In St Louis on August 17 the Pierce Off Corporation met the Standard Oil Company price and sold the fourth grade of automobile gasoline at 16.9 cents a gallon.
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