Cotton market plunges as prices drop sharply
Strong reaction in the cotton market pushes prices down by $1.80 per base. Liverpool market circles with excitement as traders monitor further declines and demand shifts.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 28, 1916
Page
11
Cotton Market Opens Bearish After High Week
In New York and Liverpool helped by Egypt, prices slipped from early highs as profit taking sold futures. Reports of rains in Texas and Oklahoma tempered demand while trade funded by New Orleans and New York showed declines from Saturday's close. Local San Antonio buyers paid 14.32 for strict low middling and 14.32 for other grades as the market cooled.
MENTIONED IN THIS ARTICLE
Cotton Exchange
Oklahoma
Texas
The
Journal of Commerce
Louisiana
Mississippi
Liverpool
New York
New Orleans
San Antonio
New York Cotton Market Sees Early Rally Then Decline
The New York cotton market opened firm with gains as English prices jumped on Egyptian buying and shorts, but Liverpool later weakened the market. December dropped from a morning high near 16.03 to about 15.58 cents as selling and nervous sentiment spread.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Roumania
Southwest
Texas
Patina
Miney Gh Low
Cotton goods rise as buyers seek supply, export demand grows
New York reports steady advances in raw cotton goods with broader price gains across coarser sheetings and print cloths. Bleached cottons rise half a cent per yard. some southern ginghams and percalese lifted amid firmer wide sheelings and denim demand for future delivery.
MENTIONED IN THIS ARTICLE
New York
Ca Vee Opens Tuesday Amid Trading Glitch
In New York a brief market note shows Ca Vee set to open Tuesday with a 161 point drop. The 11 o'clock call notes trading volatility and unclear guidance as investors assess December and January positions.
Produce Market Holds Steady Amid Strike Tension
Shippers warned they would not assume shipping risk as a railway strike loomed, raising fears of higher prices. Monday trade was slow with mixed gains and steady to slightly lower quotes on black California grapes 1.40 per box, white varieties 1.50, cabbage 2.60 per hundred, Arkansas Jonathan apples 1.75, California lettuce 3 per log box, tomatoes 1.25, Bartlet pears 2 per box, and a short supply of Kehrer pears.
MENTIONED IN THIS ARTICLE
California
Shippers Market Prices For Country Produce In San Antonio
Prices paid Monday for Texas country produce show fig greens steady at 25 26 cents, creamery butter 96 20 cents per pound, and country butter 19 20 cents. Poultry firm with hens at 6 00 per dozen, large fryers 5 50 6 50, turkeys 17 18 cents per pound, ducks 4 00 5 00 per dozen, geese 4 50 5 00.
MENTIONED IN THIS ARTICLE
San Antonio
Texas
Texas Creamery
Chicago Market Report For Butter Potatoes And Poultry
Butter steady creamery 26 31c Egan steady receipts 7989 cases firsts 25 25%c ordinary firsts 23 23% cat merk cases 18 24c Potatoes higher receipts forty five ears Jersey cobblers 1.30 1.35 Jersey giants 1.20 1.25 Minnesota and Ohios 1.15 1.18 Poultry alive higher fowls 14 17c springs 21c.
MENTIONED IN THIS ARTICLE
Chicago
Egan
Jersey
Jersey Giants
Minnesota
Ohios
Springs
Market quotes from Kansas City report
Kansas City wholesale quotes list livestock poultry and eggs dated Aug 2. Rutter Cronamery prices show 28c for firsts 26c for seconds 24% for packing. Eggs firsts 26%c. Poultry prices include hens 15c roosters 11c and broilers 19%c.
MENTIONED IN THIS ARTICLE
Kansas City
Liverpool cotton market notes strong prices
Liverpool spot cotton strengthened with good middling at 19.004 cents per pound and middling at 9.844 cents. Low middling 9.684. Trading activity included 5000 bales, 500 for speculation and exchange receipts totaling 13,000 bales.
MENTIONED IN THIS ARTICLE
Liverpool
War and strike fears drive big wheat slump
Wheat prices fell sharply as war news from Roumania and possible US railway strikes spurred selling. September futures slid to about 1.44 to 1.49, with declines easing late as reports of frontier fighting emerged. Corn and provisions moved lower, with grain supplies mixed and prices closing weaker.
MENTIONED IN THIS ARTICLE
Chicago
United States
Reversal of Form in Cattle Market Reaches Other Markets
At Union Stock Yards on Aug 28 receipts totaled 420 cattle 119 calves and 162 hogs The market showed a distinct reversal with stocker and butcher stuff splitting gains and cows edging down to 5 6 while bulls calves climbed 25 cents Hogs held at 5 to 6 and calves rose 25 cents Beef cattle and calves strengthened in the outside markets with cattle at Fort Worth Kansas City Chicago St Louis and Oklahoma City.
MENTIONED IN THIS ARTICLE
Fort Worth
Kansas City
Chicago
St. Louis
Oklahoma City
Union Stock Yards
Hve
Fort Worth cattle and hog market totals for August
Fort Worth market reports show cattle receipts 4700 head with prices from 6.60 to 7.45 for steers and 4.60 to 9.50 for calves. Hogs receipts 2500 head with top at 10.46 and bulk trading 10.20 to 10.40. Sheep listings include lambs at 99.75, yearlings 37.75, and goats 4.50 to 5.50. markets steady.
MENTIONED IN THIS ARTICLE
Fort Worth
Tex
Chicago Hog, Cattle, and Sheep Market Quotations
Chicago market report shows hog receipts $6,000 with steady tone and a range for bulk at $10.40 to $11.00. cattle receipts 12,000 with strong demand and beef cattle from $6.60 to $10.95. sheep receipts 27,000 with weak market and lambs from $4.25 to $10.45.
MENTIONED IN THIS ARTICLE
Chicago
Livestock Receipts Up As Market Rises in St Louis
In St Louis on August 28 receipts for hogs total 7500 with a higher market. Prices range from 7.60 to 11.20 for various hog grades. Cattle receipts reach 8900 with a steady market and diverse values for native steers cows yearlings and stockers. Sheep receipts 2500 with steady market and lambs and ewes priced across multiple brackets.
Wheat and corn prices reported in St. Louis market
Quotations from St. Louis show wheat at No hara 1.49 to 1.56 and red 1.56 to 1.89 percent, No. 2 corn at 84 cents, No. 2 white 44 dollars? Oats No. 2 47 cents and No. 2 white 44 cents.
MENTIONED IN THIS ARTICLE
ST. Louis
Commodity quotes from Kansas City grain market report
Quotation marks show wheat and corn prices with No 2 hard at 1.454 to 1.50, No 2 red 1.50 to 1.63, corn No 2 mixed 81.5 to 81. ec No 2 white 51?c, No 2 yellow 88, oats No 7 white 46.4c to 47c, No 2 mixed 45 to 48c.
MENTIONED IN THIS ARTICLE
Chicago
Kansas City
Futures feverish and unsettled at Liverpool market
The report lists futures prices with dates ranging from August 9 to August 28. Contracts cover cash, monthly and quarterly spreads, including August September at 0.244 and several 9.2x figures for various periods.
MENTIONED IN THIS ARTICLE
Liverpol
New Orleans Cotton Markets Show Uneven Early Trading
Nervous and irregular fluctuations marked the opening in New Orleans cotton with October slipping briefly before rising on fresh long buying. By late morning most active months hovered near last week prices, then declined as profits-taking and Navy liquidation pushed prices down 27 to 24 points by 1 30 p.m.
MENTIONED IN THIS ARTICLE
New Orleans
Navy
Grain futures dip on Kansas City markets
Grain futures fell in Kansas City with Wheat Sept at 1.37 percent, pre 1.39 percent, and Corn showing Sept at 79 3/4 cents and Dec at 71 1/4 cents as trading moved lower.
MENTIONED IN THIS ARTICLE
Kansas City
Provision Markets: Local Packing House Quotations
Local packing house quotations posted for Monday show dry salt extras at 16 ½ cents, bacon extras 17 ½ cents, dry salt bellies average 18 cents for 14 to 11 pounds, fancy breakfast bacon 28 cents, fancy hare 22 cents, bacon bellies 14 to 16 pound average 2 cents, pure lard 154 cents, compound 11 cents.
Kansas City Live Stock Receipts and Prices Aug 28
Receipts and quotations show cattle and sheep markets with mixed to higher bids. Cattle receipts 17 000 including 600 southern. prime fed steers 9.75 to 10.75. dressed beef steers 7.50 to 9.50. southern steers 5.50 to 8.25. cows 4.50 to 7.25. heifers 6.00 to 10.25. stockers 7.25 to 8.25. Sheep receipts 80 000. lambs 9.75 to 10.50. yearlings 7.25 to 7.50. wethers 7.00 to 7.50.
MENTIONED IN THIS ARTICLE
Kansas City
Daily Cattle Sales Report From Oklahoma City and Kansas City
Receipts show cattle 1200 head in Oklahoma City with steady market and hogs up to 10.60, sheep 1700 head steady. Notable consignments include Courtney at Cashion Oklahoma and Moffett Lawton Oklahoma, with several price readings across steers and hogs. Kansas City sales also reported steady to higher prices with multiple consignors and prices ranging around 4.76 to 6.50 per hundredweight.
MENTIONED IN THIS ARTICLE
Oklahoma City
Price
Courtney
Cashion
Oka
Taggart
Shamrock
Texee
Moffett
Lawton
Okla
Amon Son
Start Pig Iron Buying Movement Gains Steam
New York August 27 substantial buying movement in pig iron continues nationwide with merchant furnaces reporting 300000 tons sold for shipment this year and into 1917. Indications point to August contracts producing the heaviest monthly tonnage since April when 800000 tons were sold. Sport business not important domestic steel buyers increasing purchases while cautious.
MENTIONED IN THIS ARTICLE
New York
Cotton Statistics Across Gulf Ports Highlight Variations
OCR reading lists varied cotton figures for Galveston Houston New Orleans Charleston Wilmington and Boston. Numbers show differing bales or weights with irregular spacing and illegible segments suggesting regional production or trade totals.
MENTIONED IN THIS ARTICLE
Galveston
Houston
New Orleans
Cress
Bovenion
Charleston
Boston
Grain elevator fire destroys thousands of bushels in Wisconsin
Green Bay Wisconsin August 28 Approximately 32 900 bushels of oat and 30 000 bushels of ice valued at 185 000 were destroyed by fire of unknown origin when the Cargill Grain Company elevator burned here Sunday.
MENTIONED IN THIS ARTICLE
Green Bay
Wis
Cargill Grain Company
New Jersey Inventor Adapts Turret Head to Lathe Work
A New Jersey inventor converts an engine lathe to perform turret head mabling work on screws, enhancing precision and efficiency in machining processes.
MENTIONED IN THIS ARTICLE
New Jersey
Texas and Pacific buys motive power and cars from Baldwin Works
The railroad commission approved a contract in Austin for the Texas and Pacific railroad to acquire eight Santa Fe type locomotives at 41 600 each, 100 10 ton ballast cars at 1613 each, and eight baggage mail cars at 12 089 each. Part payment was made in cash with 590 000 financed as 5 percent notes. Under normal conditions France makes 2 060 000 pairs of elavaa annually.
MENTIONED IN THIS ARTICLE
Austin
Tex
Railroad Commission Today
Texas and Pacific Railroad
Baldwin Locomotive Works
American Car Foundry Company
Wheat futures fall as weather drags market in Kansas City
Kansas City wheat prices slipped as weather unsettled sentiment. December futures opened at 1.41% and fell about 6% from Saturday's close, with other contracts posting losses in thin trading.
MENTIONED IN THIS ARTICLE
Kansas City
Repumania
Metal market brief from New York trades
METAL MARKETS NEW YORK Aug 28 Lead 36.60 8.75 Spelter quiet Spot East St Louis delivery 9% asked Copper firm electrolytic 27.00 28.00 Iron steady No 1 Northern 20.50 21.00 No 3 Northern 20.00 20.50 No 2 Southern 19.00 19.50 Tin firm spot 39.00 40.00
MENTIONED IN THIS ARTICLE
New York
Tom Rath
Last Lake
Beeville
American Car & Foundry
Brownsville
American Locomotive
Brownwood
del Rio
Atchison
Encinal
Atlantic Coast Line
Galveston
Baldwin Locomotive
Greenville
Baltimore & Ohio
Heskell Ee
Bethlehem Steel
Henrietta . A
Canadian Pacific
Asceeed Honda
Noudy
Kesapeake
Ohio
Tebe
Houston
Mil & St
Wee Tate
Kerrville
Liano
Clear Consolidated Gas
Wees
Preidy Crucible Steel Lonaview
Loudy General Electric
LTO
Palestine
Great Northern Td
Ee Bee
Paris
Great Northern
Kansas City
Sherman
Louisville & Nashville
Snyder
Preidy Liggett & Myers
Spur
Loudy Lorillard Company
Hebronile
Maxwell Motors
Missouri Pacific
Weatherford O
New York Central
Austin
N. Steen
Columbus
Norfolk & Western
Northern Pacific
Long Lake
Pennsylvania
Peter Ewene
Marble Falls
Riverside
Iron & Steel Renee
Valley Junction
Seaboard Air Line
Oudy Floss, Shef, Steel & Iron
Southern Pacific
Southern Railway
Studebaker Corporation
Tennessee
Ratn- Texas Company
Minfall
Union Pacific
Wilmington
United Fruit
Charleston
Augusta
Gaa
United States Rubber Sseeetees
Savannah
Rae
Tnited States Steel Swesee
Atlanta
Wee “Oesseere
Montgomery
Ala
Mobile
Enene Annes
Virginia Caro. Chem
Memphis
Tenneee
Ieee
Iren, Coal & At
Vicksburg
Miss
Wabash
New Orleans
Western Union
Little Rock
Ark
Westinghouse Electric
Tex
Kennecott , Heenan
Oklahoma City
Okla
Markets and Tobacco Protest Talks Across Regions
Money markets in San Antonio show time loans easing with 60 days at 2% to 3% and six months at 3% 64. Call money remains steady with a 2% ruling rate and last loan at 2%. In Washington Southern tobacco growers urge officials to protest British embargoes on American tobacco to Germany and Austria and plan further talks with State Department officials.
MENTIONED IN THIS ARTICLE
New York
Washington, D. C
Germany
Austria
State Department
Lansing
Sugar Prices and Varieties Reported in New York
New York market notes list raw sugar nominal at 5.52 for centrifugal and 4.75 for molasses. Refined prices show Cut leaf 8.15, crushed 8, mould A 7.50, cubes 7.50, powdered 7.10, fine granulated 7, diamond A 7, among others.
MENTIONED IN THIS ARTICLE
New York
Weather summary from Cotton Region stations
San Antonio reports fair weather across the belt except western Texas where showers occur. Temperatures near normal with rainfall totals over an inch at Batesburg 8. C. Dyersburg Pine Bluff Wynne Rosedale Honda San Marcos and two inches at Uvalde Texas.
MENTIONED IN THIS ARTICLE
San Antonio
Tez
Houston
Texas
Batesburg
8. C
Dyersburg
Tenn
Pine Bluff
Wynne
Ark
Rosedale
Miss
Hondo
San Marcos
Uvalde
Tex
Allen Buell
Weather Bureau
Stock market opens lower on weekend events and war
Markets opened irregularly with declines in rails and motors offset by gains in oils and Marines shares. Steel and Mexican Petroleum remained strong specialties while State Steel showed weakness. Marines maintained demand and a new high for common was noted as the day closed.
MENTIONED IN THIS ARTICLE
New York
Italy
Germany
Ob Ping
Marines
Whi Bible Steel
Entente Allies Buy War Horses in U S as U S Gov Purchases
East and St Louis August 28 Representatives of the entente allies are buying war horses here at 1200 a week while the United States government buys 890 weekly. Since the war began the French British Italians and Belgians have bought about 216000 horses costing an estimated 39000000 dollars.
MENTIONED IN THIS ARTICLE
East &St. Louis
Entente Ailies
United States
London Metals Prices Report August Update
London market news lists lead at 39 pounds sterling lis and speller at 58 pounds. Copper futures around 109 pounds and electro lytic 129. Tin spot 172 pounds 15 shillings with futures 173 pounds and 128 shillings sixpence.
MENTIONED IN THIS ARTICLE
London
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Hich
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Ick
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O. E. Davis
Tumber and Burdees
W. M. Figh
Ring Crockett 2827
Builders’ Exchange
Co-Operative Lumber Co
Lake Charlies
North Texas
Dallas Times
Dell
Navarro St
Phene Travis
Alamo Tent & Awning Co
215
Ave
Phone Crockett
Edgewood
San Antonio Loan & Trust Co
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Commercial Loan & Trust Co
Gunter
Rollins
Harlandale
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Polytechnic
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J. Wilcox
Rodeo
New Mexico
Asherton & Gulf Railroad
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Nims & Hyde
Sentral Office
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Cotton Statistics
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