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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 22, 1916
Page
11
Cotton prices rise as drought pressures persist, drivers point to continued demand and weather risks. Market observers note gains despite harvest uncertainty and suggest farmers brace for variable conditions ahead.
Cotton markets show a sharp rally as Liverpool cables drive gains amid reports of drought damage in Texas and Oklahoma. Prices hit new highs with spring options above 15 cents and New York and New Orleans closing higher, while local San Antonio buyers posted bids for good to strict middling and related grades.
The New York cotton market opened firmer with first prices 6 to 17 points higher as November led gains. October rose to 14.90, December to 14.93, and January to 14.99, with Liverpool active and selling later narrowing gains. Realizing pressure emerged midday as private southwest showers and weak figures limited further strength.
New York on August 22 reports cotton futures opening steady with August at 14.95 cents per pound, October 14.58, December 14.92, January 14.97, March 15.09 and May 15.18. Futures closed steady with a high of 14.81.
The New Orleans market opened with strong buying after Liverpool cables, pushing the May option above 15 cents. Early trading rose 12 to 16 points before heavy realizing sales cooled gains, with prices around 6 to 7 points above yesterday at noon and 1 to 2 points higher by 1:30 p.m., while spot prices also advanced 12 points.
New Orleans notes show cotton opening steady on August 22 with October at 24, December 14.68, January 14.76, March 14.90 and May 15.03. Prices edge between 14.46 and 14.86 with late trades around 14.69.
Local produce market reports first season pear offerings of the Kiefer variety at 1 265 per bushel. Sweet peppers remained plentiful at 1 per bushel after a Sunday gap. California white onions steady at 3 26 per hundredweight with carload shipments expected. East Texas Arkansas apples at 1 75 per bushel and Jumbo celery 65 cents per dozen stalks.
Buyers paid prices in San Antonio Tuesday for country products with dairy items at 25 to 30 cents per pound and creamery at 25 to 30 cents. Poultry remained steady with hens at 6.00 to 6.50 per dozen and various fowl prices listed, including turkeys at about 11 to 17 cents per pound and ducks and geese per dozen.
Chicago commodities report shows butter unchanged with 10 697 receipts eggs at 11 696 cases with firsts 22 23 cents, cheese steady daisies 16 percent, twins 1745 17 1 2 percent, potatoes easier with Jersey bulk cobblers 1 18 1 20 and Minnesota Ohio springs 20 1 1 2 cents.
Kansas City market report lists creamery butter at 28 cents, firsts 26, seconds 23, packing 23. eggs quoted at 25 cents for first quality. Poultry prices show hens at 4 cents, roosters 16 and a half, broilers 17 cents. New potatoes described as easy to obtain with Kaw Valley early Ohots at 1 dollar.
Spot cotton values show Good middling at 9.25d middling 9.094 and low middling 8.93d with sales reported as 000 and receipts 000. Speculation and export margins listed as 00.
Futures lists show August to July contracts on the Liverpool market with small moves and a call near 11 o clock. Cotton seed oil prices in New York list open noon and close values with volumes traded across several hours.
Too late to classify leak notice offers roof repair and painting with Womack's I.X.L. Work guaranteed. Call 7238 S. Presa Ring Travis 3902.
Rains in the northwest and stronger foreign demand push Chicago wheat up 4 to 14 percent at open. Profit taking drives a dip, but prices steady and rebound, with December around 1.52 to 1.65. Corn and oats slip on rains. provisions steady to higher.
Wheat No 2 red and No 2 hard quoted around 1.49 to 1.54 per bushel. Corn No 2 yellow about 87 to 88 and a half cents. Oats standard 45 to 45 1/2 cents. Barley about 1.15.
Quotations listed for Wheat Corn and Oats with various grade prices. Wheat No 2 hard around 1.50 to 1.58 per bushel, No 1 red near 1.87, Corn No 1 silk KC and No 2 white around 5 to 6 cents, Oats No 2 about 42 to 45 cents per bushel.
In Kansas City on August 22 quotations were listed for grains. Wheat prices ranged No 2 hard 1.47 to 1.58 and No 9 red 1.63 to 1.56. Corn included No 2 mixed paste, No 2 white 2.00 to 2.06, and No 2 yellow 2.44. Oats showed No 2 white 0. AS to 0. issue and No 2 mixed 0.46 to 0.48 per bushel.
Commodities show wheat advancing with September at 1.45 and December at 1.47 while corn edges higher to 1% for September and 73 cents for December.
Chicago quotations show open high and close figures for Park and Oct and Dec options in lard and ribbs with specific bid ask ranges. Local packing house quotes list dry salt and bacon products with prices. New Orleans rough and clean rice receipts and sales details accompany regional rice and bran price data.
In Savannah on August 22 a turpentine firm shows sales of 43 with 381 shipments and stock of 12 while a resin firm logs receipts 871 shipments 200 and stock 172 476. Quoted prices range from 5.80 to 6.75 with various grades listed.
New York reports sugar prices with raw, dull centrifugal at 5.75 per unit and molasses at 4.98. Refined remains quiet with fine granulated priced at 7.000 and 7.26.
A brief quip from Mrs. Longwed contrasts pre marriage flattery with post marriage bills in Stray Stories reflecting domestic humor.
Aug 22 at Union Stock Yards reports slower market with improved receipts. Cattle and sheep steady to unchanged while hogs rise in foreign markets. Receipts: cattle 230, calves 100, hogs 40.
Fort Worth reports cattle with 4000 receipts and steady market. Steers fetch 6.00 to 8.25, stocker steers 6.00 to 6.75, heifers 6.59 to 7.50, cows 4.00 to 6.75, bulls 4.00 to 5.00, calves 5.00 to 9.50. Hogs at 2500 receipts steady to ten higher, bulk 10.10 to 10.25. Sheep receipts 80. lambs 9.00 to 9.60, yearlings 8.00 to 8.50, wethers 6.50 to 7.46, ewes 6.00 to 6.75, culls 4.06 to 5.00, goats 4.50 to 5.50.
Receipts and quotations for hogs cattle and sheep listed with ranges. Hogs include butchers heavy and bulk markets from 10.90 to 11.29 per unit. Cattle show native beef steers yearlings and prime and stockers with prices from 4.50 to 10.78. Sheep and lambs note steady demand with lambs from 7.00 to 10.60 and ewes around 6.00 to 10.26.
Kansas City market report shows hogs receipts 14 000 with prices 16 to 26 cents higher. Bulk 10.40 to 10.85, heavy 10.60 to 10.79, packers and butchers 10.50 to 10.90, light 10.50 to 10.95, pigs 8.50. Cattle receipts 21 000 including 5600 southerns, market ten cents lower. Prime fed steers 9.75 to 10.75, dressed beef steers 9.60, southern steers 5.75 to 8.25, cows 4.50 to 7.25, heifers 6.00 to 10.00, stockers 6.00 to 8.25. Sheep receipts 9090, market steady. Lambs 10.25 to 11.00, yearlings 7.75 to 8.35, wethers 7.25 to 8.50, ewes 6.75 to 7.50.
Chicago markets show hog receipts at 11,000 with higher prices per cwt. Hogs range bulk 10.75 to 11.10, mixed 10.35 to 11.25, heavy 10.20 to 11.20, rough 10.20 to 10.35, pies 7.50 to 9.40. Cattle receipts 7,000 with weak tone. cows and heifers 3.60 to 9.40, stockers 5.00 to 7.75, western steers 8.40 to 8.75, calves 9.00 to 12.60. Sheep receipts 20,000 with weakness. natives 6.40 to 7.75, western 6.75 to 8.00, lambs 7.25 to 10.70.
Receipts today 700 cattle steady and hogs higher. Names Morris Purcell Arnold Cleveland Cole Roaring Springs Texas among buyers and sellers with steers around 6.75 to 6.90 and average weights cited.
Kansas City report shows receipts of about 21 000 cattle including 17 cars of quarantines. Market steady to ten cents higher. Today's sales include Russell Weatherbee of Cleburne Texas with 79 steers averaging around 7.40.
State Commissioner Fred W. Davis travels to Amarillo for a farmers institute and to inspect Panhandle crop conditions. He will also study marketing conditions as Texas focuses on farm and orchard product marketing this year.
New York August 22 reports additional advances in bleached goods with ginghams up four cents a yard. Mills declined to accept new orders on print cloth and brown sheetings except at a four cent rise per yard. Cotton yarns remained firm.
New York on August 22 reports No 7 Rio coffee futures with September delivery at about 8.5 cents per pound and December at around 8.64 cents.
New York, Aug 22. United States Steel surged to a record 95 amid brisk early trading anchored by a 10,000 share sale at 95 percents and continued gains in Marine preferred Reading American Smelting American Locomotive Anaconda Republic Steel and others. Steel stocks led a broad, buoyant session though Studebaker and Willys-Overland sank. Rails rallied as optimism from Washington grew and the market closed buoyant.
Mercantile paper quoted at 3 percent. Sterling 60 day bills 3 percent. Demand and cables for various currencies noted. Bar silver at 66 2-3 cents. Mexican dollars steady. Government bonds steady, railroad bonds strong.
London August 22 bar silver 417 16d per ounce money rate percentages shown for discount and short bills at 5 percent, 3 months 5 percent, reflecting a subdued yet varied rate environment in late summer trading.
Readable fragments show Time loans with 60 day terms and 3 percent figures. Mentions Cal money stability with high and low 2 percent and a ruling rate 2 percent. Last loan cited at 2 percent with bid 2 and offered 2.
New York metals firm with spot and electrolytic copper prices around 26.50 to 27.50 and tin at 38.25 to 38.75 while lead and spelter quote in London at 30 pounds and 55 pounds per ton with spot and futures levels noted.
Arrived at Galveston Texas were the El Mar from New York the Mexiino from Tampico the Nils from Nov the Progreso the Syrie from Belgium the Rotterdam and the San Marcos from New York while the TreVinie from Britain and the Bordeaux departed for unspecified ports.
Observations recorded at 7 am on Tuesday August 22 1916 by Allen Buell meteorologist with Weather Bureau.
The bulletin reports 24 hour readings ending 8 a m at stations in the Houston district. Temperatures are nearly normal with generally fair weather. Rainfall totals include an inch or more at Clinton Louisiana Lafayette and Natchez Mississippi.
Secretary Flannagan of the Federal Farm Loan Board says there is no warning issued about solicitors in several states claiming authority to form national farm loan associations or to collect money for loan organizations. He warns such representations are fraudulent and punishable by fine and imprisonment.
Aug 22 Cuero Texas reports storm damage easing. Cotton largely saved as no rain followed the wind. Sunshine and fair weather expected to continue allowing cotton to dry and picking to proceed. Pecan and fruit trees and some windmills damaged. a few outhouses and roofs blown down. Overall damages seen as moderate given wind speeds.
About 100 Louisiana agriculturists business leaders and newspaper reporters will tour Iowa from Aug 30 to Sept 3 visiting Waterloo Des Moines and Des Moines again to study advanced farming and dairying practices for promoting scientific farming in Louisiana. They will also visit Illinois Wisconsin and Missouri.
Income from Texas railroad operation for the year ending July 30 1916 shows a 6.48 percent rise over the prior year. Total operating revenue reached 11 727 536 dollars, freight revenue 656 747 dollars, passenger revenue 30 350 dollars, with expenses totaling 85 533 916 dollars and net income up 583 844 dollars.
A school lesson on Atlas ends with a pupil’s confident answer about who supports Atlas. The teacher praises the response as a dear. The excerpt closes with a curious aside noting that each human breathes about 12 per minute.
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