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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 30, 1916
Page
13
Private reports on the condition of crops indicate worsening status as markets observe declines. Liverpool remains quiet with little activity reported, amid broader agricultural concerns and weather impacts.
Quotations from principal spot markets show New Orleans up 4 to 6 points while New York opens 1 up to 6 down on active months. Liverpool steady, US weather and a railroad strike cited as bullish factors, with spot prices in San Antonio at various middling grades and compress deliveries.
The summary notes cotton opening rapidly in central and southern districts with early picking in the north, while deterioration spreads from shedding to rust and weevil in the lower Mississippi valley eastward. Dry weather persists in the west, sunshine in the east, and rains are needed for pastures as corn matures and other crops harvests begin.
In New York the cotton market opened slightly higher on October as traders await tomorrow's government data. December and January prices fluctuated, with modest gains on bullish cash and Liverpool buying before easing late as nerves over the upcoming report and railroad uncertainties weighed on activity.
New York reports cotton futures opening steady with October at 15.69, December 15.77, January 16.90, and May futures steady. Trading highs and lows show August figures around 15.60 to 16.87, with month specifics listed for Tuesday and March as the market moves.
In New Orleans on August 30 the cotton market opened higher on better cables but failed to hold gains. A moratorium in Egypt weighed on near contracts, with prices finishing the morning mixed as traders eyed weekly crop reports and a looming railroad strike impacts.
New Orleans futures opened steady with early bids across the crop months. Opening bids listed for October 15.46, December 15.61, January 16.69, March 15.82, May 15.96 with subsequent highs and closes noted for several contracts.
Dealers along Commission Row were told to secure bank guarantees before goods would be billed to the San Antonio market as growers and shippers fear a pending strike. If it starts, prices for items could jump at least 25 percent, with tomatoes 26 cents per box and lettuce about 2.50 per crate for Thursday delivery. Cabage and potatoes remain firm, while Rocky Ford cantaloupes offered at 1 to 1.25 per box.
Buyers paid varied rates for daily farm goods in San Antonio. Eggs were steady at 0 20c per dozen, butter ranged from 19 to 30c per pound, poultry held firm with hens at 6.00 per dozen and broilers at 3.50 to 3.90, turkeys at 18c per pound, ducks 4.00 to 6.00 per dozen, and geese 4.60 to 5.00 per dozen.
Butter creamery prices hold steady with firsts at 25 25 and 23 23 4 cents per pound. Potatoes rise with Jersey cobblers $1.40 to $1.50 and Jersey giants $1.25 to $1.40. Poultry prices move higher for alive stock with fowls 15 to 18 cents and springs at 23 cents.
Temperatures rainfall and weather state for Houston district stations reported for the 24 hours ending 8 a m central time. Data include temperature highs and lows and precipitation amounts across the listed stations.
Wheat prices fell at the open as railway strike news sparked expectations of a general road tie up. Reports of president Wilson seeking postponement boosted after declines, with September and December futures fluctuating before a near recovery as officials denied a strike delay. Corn and oats followed wheat with limited moves. provisions trading nearly halted and lard eased.
Quotations show prices for wheat corn oats and barley with ranges and cents per bushel. No. 2 yellow corn steady near 96 to 87 cents, No. 2 hard wheat around 1.47 dollars, oats standard 44 to 46 cents, barley 70 to 100 cents depending on grade.
In St Louis on August 20 bids show No 2 red wheat at 1 51 1 56, No 2 hard at 1 48 1 05, Corn No 2 at 442 85c, No 2 white at 85 54c, Oats No 2 at dhe, No 2 white nominal.
Wheat values show hard wheat at 1.41 to 1.48 percent, red varieties at 1.45 to 1.54. Corn bids include mixed lots around 80 to 83 cents, No 2 white about 6.2? cents, No 2 yellow around 82 cents, and No 2 mixed near 47 cents.
Union Stock Yards reports ample cattle within 150 miles of San Antonio to meet local demand even if the strike halts shipments. Dealers say roads have cooled, driving in cattle is easier, and cattle will be accepted only if here before Monday. Prices: steers 5.50 6.26, cows 4.50 5.00, calves 6.00 6.25, top 6.50. hogs unchanged. Receipts include cattle one head, calves 69, hogs head.
In Fort Worth Texas on August 30 cattle receipts reached 5500 head with steady prices across steers and cattle. Hogs numbered 500 with steady to higher market and bulk around 10.35 to 10.59, lambs at 9.00 to 9.75, yearlings 8.00 to 8.75, and goats 4.00 to 6.50.
Receipts and prices for hogs cattle and sheep at Kansas City auction show hogs at ≤10.90, cattle receipts 15 000 with primes at 10.00 to 11.00 and cows 4.50 to 7.00, lambs 9.65 to 10.10, yearlings 7.25 to 8.00 and wethers 7.00 to 7.50, indicating steady to slightly lower trends across categories.
Cattle receipts about 6000 with native beef steers from 7.00 to 10.75 and prime southern steers to 9.00. cows 5.50 to 7.78. yearling cattle 8.50 to 10.25. Hogs receipts 7500 with good heavy hogs 11.20 to 11.50. pigs and lights 7.50 to 11.20. lambs 7.00 to 10.40. sheep steady with slaughter 6.00 to 7.25 and ewes 9.00 to 10.00.
Grain futures moved with wheat at 81.45 for September and 1.37 for December while corn showed 79 1 2 cents for September and 81 2 for December in Kansas City trading.
The threatened railroad strike disrupted early operations with irregular but sizable declines. Specialty issues led losses of 1 to 3 points while rails and other investments dipped less, except Reading. Trading was active with United States Steel and Marines among favorites, as profit taking trimmed gains later.
The New York money market shows time loans at 60 days 4 3 percent, 90 days 24 percent, and 6 months 4 percent. Call money remains steady with high around 24 percent and low near 2 percent, ruling rate at 2 4 percent. The United States leads the world in scientific fish propagation.
Chicago reports receipts of 32000 hogs and 13000 cattle with firm to strong prices. Hog ranges 10.00 to 11.25, cattle native beef 6.58 to 11.00, western steers 6.60 to 9.00, calves 8.75 to 12.25, sheep 20000 with wethers 6.00 to 7.50 and lambs 4.00 to 10.45.
Wednesday quotations list dry salt extras 16 cents and 17 cents for bacon extras 18 cents for fancy breakfast bacon 28 cents, fancy hams 22 cents, bacon bellies 14 to 16 pound average 20 cents, Pyre lard 15 cents, compound 11 cents.
Liverpool cotton spot closes firm with good middling at 9.62 pence per pound and middling 9.78 ahead of 5000 bales sold 800 for speculation and export. Receipts total 1000.
Oklahoma City reports today cattle receipts at 1700 head and hogs at 3200 head with market steady. Top hog price 10.60. Names such as Williamson Ripley and Kidwell Cache appear among steers and calves with varied prices. Kansas City listing shows multiple 44-69 steer lots with prices around 7.00 to 7.50 and calves near 9.50. New York notes raw sugar prices with dull activity at 4.89 to 7.2.
Liverpool traders report steady Puturés values with monthly rate details from August to August spanning August 9 to July 8 figures. Figures include August 9.444 and subsequent monthly transitions ending July-August 9.22d.
Fragmentary OCR text references Liverpool opening on Thursday with a state of rise and a muted 11 o'clock call. The remaining lines contain garbled codes and numbers, offering no clear events or names beyond general times and percentages.
The Chicago board of trade directors vote to raise initiation fees from 10000 to 25000. Transfer fee would rise to 259 if approved. Memberships now sell for 5300, a record high.
Trading in Mexican money in San Antonio Wednesday showed mercantile paper at 0.724. Sterling and U.S. dollar rates were quoted with 4.71% for one day bills, cables at 4.767 16, and bar silver at 61 4 cents per ounce. Mexican dollars quoted at 51 1/2 cents. Government bonds were steady while railroad bonds were irregular.
London reports bar silver at 31 18 per ounce with money and bank rates around 4 percent. Short bills yield 64 5 percent and three months bills at 5 percent.
London reports money rates up seven while demand and discount rates stay quiet. Treasury sales last week reached 22 million, lifting total outstanding to 908000 pounds. Markets firmed with gains held in oil stocks, Japanese bonds, and shipping shares as Russian exchange slipped from 147 to 142, spurring Russian securities. American securities were irregular awaiting labor unrest outcomes.
Lead in New York market quoted at 6.65 a unit with Spelter showing ease. East St. Louis deliveries marked at 9.00. London market reports Lead at 31 shillings and Spelter at 54 shillings.
Marine intelligence from Galveston reports arrivals at Comal and El Siglo and lists ships sailing to New York Belvernon and Augusta with routes including Genoa and Rotterdam. Names include Barrios Lavceneau Flandrier Nicosian and El 8ud.
Cuero reports two gins have traded 2467 bales by August 28 with Saturday nights pushing past 300. Prices hold firm as Mexican pickers receive one dollar per hundred pounds. labor remains scarce.
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