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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 23, 1916
Page
15
The national weather and crop bulletin reports corn in northern Texas Oklahoma and much of Kansas has worsened due to ongoing heat and severe drought. Other regions showed general improvement in the past week.
New York report notes renewed inquiries for brown sheetings but large orders could not close due to mills' firmness. Prices on brown sheetings moved upward while trading remained active for many cotton goods.
The cotton market opens with a slight pullback as prices slip early, but broader factors help limit the decline. A bullish weekly report suggests underlying demand remains supportive for prices.
The Aug 23 cotton market opened lower but quickly advanced with New York and New Orleans up 14 to 23 points. San Antonio spots hit a season high at 14.32 cents as buyers paid for cotton delivered at local compresses with strong demand across middling grades.
Reports of rain in the southwest boosted buying as heavy realizing gave way to a firmer market. Prices rallied beyond last night’s close with January around 14.99 cents and at times touching 15.05 as bulls and cover bids pushed through the day.
The New York market opened with bullish fervor as United States Steel rose to a new high of 98 1 8 to 98 3 8 and later hit 99 1 4 amid broad gains in rails and copper. Major steel, rail, and mining shares advanced, while shipping and Willys Overland showed some weakness as the session ended irregularly.
In New Orleans on August 28 the cotton market opened lower due to poor cables and Texas rains. Prices fell 12 to 18 points, then recovered as forecasts favored fair western weather. By noon March moved above 18 cents, with overall gains of 12 to 17 points from yesterday and a two session high.
New Orleans market opens steady as futures show firm gains. Opening bids set for October 14.34 and December 14.46 with January 14.58 and March 14.78. May 14.91 as May futures rise. cash attached to October 14.6 and December 14.81 steady.
New York August 23 mercantile paper shows Onion one Sterling 60 day bills at 4.71 percent demand 4.78 11-16 cables 4 767-16. Guilders demand 41 4 cables 41 percent. Bar silver 6 percent. Mexican dollars 6 1 0. Government bonds strong railroad bonds steady.
New York reports ease in time loans with 60 cans at 2% for 90 days 3 2% and six months at 3% while call money shows Mashae high 2% and low 2% with ruling rate 2% and last price 24% and closing bid 2% offered at 2% for the period.
London markets report bar silver at 319 16d per ounce and money at 44 percent. Discount rates list short bills at 5 percent, and three months at 5 percent.
New York market notes list sugar nominal at 5.75 for centrifugal 5, molasses at 4.9 per seer. Quiet trading environment with granulated sugar at 0 noted.
The Aug 23 market shows cattle prices largely unchanged but demand improving as slaughter stock and feeders shift mix. Hog prices slip slightly from Chicago highs. receipts tally 696 cattle 222 calves 271 hogs and 121 horses with steady activity in stockers.
Fort Worth Texas August 23 reports show cattle receipts at 3700 with steady quotes. Steers 6.00 to 7.25, stocker steers 6.00 to 6.75, cows 4.00 to 6.50, heifers 5.50 to 7.50, calves 4.50 to 9.35. Hog receipts 2500, 10 cents lower, bulk 10.10 to 10.25. Sheep 650, lambs 9.00 to 9.50, yearlings 8.00 to 8.60, weth ers 6.75 to 7.25, ewes 6.00 to 6.75, kids 4.50 to 5.00.
Receipts and quotations for cattle sheep and hogs at Kansas City on August 23 show hogs steady with bulk at 10.30 to 10.75, cattle receipts at 138000 with prime fed steers 9.75 to 10.75 and cows 4.50 to 7.25, and sheep at 4000 with lambs 10.25 to 11.0 and ewes 6.75 to 7.00.
Receipts and prices for cattle hogs and sheep in Chicago show steady demand. Hogs range from 10.20 to 11.28 per cwt with various categories listed. Cattle receipts around 20 000 with beeves cows and stockers noted. Sheep receipts about 20 000 with figures for sheep and lambs provided.
Receipts and quotations show hogs 10,000 head with prices from 7.50 to 11.20, cattle 7,500 head with varied classes from native beef steers to prime yearling types, and sheep 2,090 head with lambs 7.00 to 10.65 and ewes 5.00 to 9.00. Steady to mixed movements noted across categories.
In Fort Worth cattle sales average weight prices edged up with individual consignments from Tipton Neely Chico and L Boone Ranger noted. New Orleans rough rice market showed strength with clean rice steady and Honduran rough and clean sacks sold at specific prices.
In Savannah on August 23, turpentine firm shows 42% sales, 421 receipts 762 shipments 263 stock 18 368. Resin firm reports 1935 sales, 2720 receipts 927 shipments 65 721 stock. Miscellaneous price notes listed: KM G N W G.
New York August 23 Cotton seed oil quotations today were issued with price levels for various grades and delivery options reflecting market activity and supply conditions in the trading session.
Liverpool August 23 The Morgan Company cotton dealers announced they would be unable to meet tomorrow's settlement.
Chicago wheat opened firm as commission houses bought, limiting price declines. December futures touched options around 1.52 to 1.56 dollars, then rose from the bottom. Bullish Canadian crop notes and Russian rain damages supported gains, while Roumanian tensions weighed on Dardanelles outlook. Corn and oats showed modest movements with firmer buying in oats and mixed outcomes in corn.
Chicago price quotations for wheat corn and oats show No 2 red wheat at 1.64 and corn at 58 8? stamp indicates mixed readings. Oats strong or weak detail unclear. Barley at 85c to 1.1 in the report.
The Cotton Region bulletin reports the 24 hour period ending 8 a m shows generally improving weather with temperatures near normal. Rainfall totals exceeded one inch at Texarkana Ark McAlester Okla Fort Worth Henrietta and Waco Texas. Allen Buell meteorologist Weather Bureau.
Galveston report lists arrivals and departures with ships Domingo de Larrinaga from Liverpool, El Mar bound for New York, Burstad Lee di Barrios, Ellin' Greek, and Mar seilles sailing. The items reflect a busy port with multiple vessels moving between Atlantic hubs.
From New York on August 23 the market shows lead quiet and zinc, copper firm at 26.50 to 28.00 for electrolytic, iron unchanged, tin quiet and strong at 38.37 to 38.67, with East St. Louis delivery noted.
Lead at 30 pounds sterling, 5e. Spelter 66 pounds. Copper spot 110 pounds, futures 107 and 108, electrolytic 128. Tin spot 169 pounds 68, futures 170 pounds 7s 6d. Market notes from London on metal prices and futures.
Cotton spot market eased with good middling 9.22 pence per pound, middle 9.06 pence, low middling 8.90 pence. Sales 6000 bales including 500 for speculation and export. Receipts 11 400 bales.
In St Louis market quotations for August 28 show No 2 red wheat at 1.50 to 1.60, No 2 hard at 1.52 to 1.60, No 2 corn at 85 to 86 cents, No 2 white around 56 cents, No 2 oats at 43 to 44 1/2 cents, and No 2 white oats at 45 to 46 1/2 cents.
Kansas City report shows wheat red hard 1.49 to 1.55 dollars, No 2 red 1.50, corn No 2 mixed 82.8 to 83 cents, No 2 white 83 cents, No 2 yellow 54 to 54.6 cents, oats No 2 mixed 46 to 46.5 cents, No 2 mixed 42 to 42.5 cents.
In Kansas City on August 23 grain futures closed with Wheat September 1.45 and December 1.47 while Corn September 1 cent and December 0.73 cents.
Weekly report notes more sunshine and less rain improving conditions in the eastern cotton belt while Oklahoma and nearby districts suffer serious drought. South Texas sees showers but north Texas remains hot and dry with shedding and some rust and weevil damage. Cotton opening and picking under way in the south. cotton promising elsewhere but unsatisfactory in central and southern areas. Corn up overall but lacking rain in northern Texas Oklahoma Kansas and the Lake Region. Sorghum and sugar cane crops look good. rice harvest begins in the lower Mississippi Valley. rain needed for tobacco in the Ohio Valley. harvest proceeding elsewhere.
Futures in Liverpool show a steady pattern with values for August through next July listed as 8 950 for August and a series of carnet style spreads ranging from 8.93d for August-September down to 8.61d for July-August.
Market notes show a shrinking supply of fresh country eggs in San Antonio with prices moving up from 24 to 26 cents per dozen. Storage eggs are scarcer due to higher demand, poultry costs rise with turkey at 17 to 18 cents per pound and fryers at 5.80, while bananas and pears also face firm or higher prices amid steady demand.
Buyers paid steady prices for Texas country products in San Antonio on Wednesday. Candied Texas country 24 26 cents per unit, country creamery 25 38 dollars per 100 pounds, packing flock 18 19 cents per pound. Poultry steady with hens 6 to 7 dollars per dozen, large fryers 5.50 to 6.59, broilers 2 to 3.50, turkeys 17 to 18 cents per pound. geese 4.50 to 5.10 per dozen.
Quotationer Butter firm receipts 11,312 tabs with extras at 3 1 3c, firsts 28 4c. Eggs steady with 10,119 cases received. Cheese unchanged. Potatoes higher with 40 cars received. Jersey bulk cobblers 1.25 to 1.30, Minnesota and Early Ohioe 1.06 to 1.10. Poultry alive steady with fowls 14 to 16c, springs 20 to 21c.
Circulated in Kansas City on August 23 with prices for butter eggs and poultry. Creamery butter 28 cents firsts 36 cents seconds 28 cents packing 23 4 cents. Eggs firsts 25 cents. Hens lie roosters 10 5 cents broilers 17 cents. Kaw Valley early Ohios sell at 1 dollar. New potatoes described as easy.
Local packing house quotations list dry salt extras at 16 thirds, bacon extras 17 TM TM c, dry salt bellies 14 16 pound y nee 1816c, fancy breakfast bacon 27c, fancy hams 21c, bacon bellies 14 16 pound average 20c. Pure lard 15 c, compound 11e.
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