Cotton Prices Open Lower but Markets Advance
The Liverpool cotton markets opened lower on the page but moved higher after the early call. Trading stayed quiet as operators awaited clearer signals.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 03, 1916
Page
9
The Liverpool cotton markets opened lower on the page but moved higher after the early call. Trading stayed quiet as operators awaited clearer signals.
The Cot ton Exchange notes mixed activity with futures opening lower in New York and New Orleans before rebounding. A tropical storm off the Atlantic coast and weevil damage buoyed sentiment while Liverpool and New Orleans prices showed gains though overall near term liquidity remained thin. Prices at the San Antonio compresses showed varied local quotes across grades from low middling to high middling.
The New York cotton market opened steady with a 1 point decline to 5 points gain as bearish Saturday government data influenced early selling. Prices firmed through the day with October from 12.84 to 12.96 and December 13.14, while July trading softened then steadied on bullish spot signals and New Orleans buying.
July near 12.76 October 12.85 December 13.05 January 13.16 March 8.38. Futures closed steady. Liverpool call opened Tuesday up 8 percent after an eleven o'clock session. London and New York call figures show ongoing moves in the commodity market.
New Orleans July 3 First prices showed gains as liquidation hit the July position. After a 4 to 9 point decline others rose 5 to 9 points from Saturday's close on fresh long buying. Market steadied on bullish crop rain fears. new crop futures up 2 to 11 points. Afternoon dullness weighed on some traders as trading months held 3 to 4 points above last week's settle.
In New Orleans on July 3 the cotton market opened steady with July at 5.63 for first bid, October 12.70, December 12.83, January 22.93, and March 18.138. Futures closed steady, reflecting a stable session.
Liverpool July 3. Spot cotton weak with Goat middling at 8.194, middling 8.034, middling 7.874. Sales 6000 bales including 500 for export and speculation. Receipts 14000 bales.
Liverpool notes futures quiet with July 7.834 and July-August 7.52444. Several month pairs show small variations up to around 7.79 and 7.71. The report records trading indications for the coming months.
San Angelo July 3 United States orders for a0 horses plus wartime demand have created an unprecedented boom in West Texas horse trade. Strong healthy animals sell for 100 dollars each as about one hundred horses and mules are being shipped to Fort Worth this week.
Independence Day observed with Commission houses closing about 10 am for the day. Receipts were light as the market awaited the holiday. Oranges rose to 3.25 for mediums and 4.00 for large. lemons at 4.50. Peaches plentiful. cantaloupes scarcer. Rains in Brownsville area boost oncoming crops. exchanges in Kansas City and Chicago closed until Wednesday.
Nawyers paid the following prices for country produce delivered in San Antonio Monday. Texas country candied 21 cents per pound steady. Texas creamery 24 3/4 cents per pound. Country 20 25 cents. Packing stock 18 19 cents per pound. Poultry steady. Hens 4.40 6.60 dollars per half dozen? large fryers 4.50 6.50. Broilers 2.50 3.60 per pound. Turkeys 16 17 cents per pound. Ducks 4.00 5.00 per dozen. Geese 4.50 5.00 per dozen.
General business conditions remain favorable with a bright outlook for next month according to the Federal Reserve Board’s monthly statement. Crops show improvement in most districts. industry runs near capacity. construction rises. labor demand grows with rising wages. several districts report gains in hardware, boots and shoes, dry goods, and rail earnings though labor unrest appears in Kansas City. Southwest crop prospects turn unfavorable with 75 percent yet to be planted or replanted. many farmers ship cattle for pasturage.
Carlots delivered in San Antonio sold Monday with prices for corn at Texas No 3 81 2 cents mixed 2 cents Northern No 3 white 6 4 cents mixed 8 64 cents. Oats Texas No 3 red 41 cents. Hay priced per ton and bulk: Milomatze No 3 1 15, feterita 1 15, Kaffir corn 1 15, cane hay 11, prairie hay 10 50, Johnson grass 11, alfalfa New Mexico 16 per ton.
Local packing house quotations show dry salt and bacon prices with various weights and cuts. Notable items include dry salt extras 11 cents, bacon extras 17 cents, bacon bellies 14 pounds at 17 cents, fancy breakfast bacon 17 cents, fancy hams 21 cents, and bacon bellies 14 to 16 pounds at 19 cents. Pure lard prices listed around 14 15 cents and compounded lard at 12½ cents.
The Weather Bureau bulletin reports temperatures near normal and rainfall above an inch at Greenwood Mississippi Lumberton North Carolina Kings Tree South Carolina Savannah Georgia with overall fair conditions in the belt. Meteorologist Allen Buell notes general fair weather with above normal rainfall at several stations.
Receipts in the local market were light with prices mostly unchanged from Saturday. Steers 5.50 to 6.25, cows 4.50 to 5.00, calves 5.00 to 6.50. heavy hogs brisk with tops 6.00 to 9.25 and in other markets 9.40 to 10.15. Local yard receipts: cattle 191, calves 155, hogs 47, horses 284.
Fort Worth Texas cattle receipts 3200 with higher bids. Prices for Reeves cattle range 6.50 to 8.25, stockers 5.00 to 6.60, cows 4.25 to 5.78, heifers 6.00 to 7.75, bulls 4.00 to 5.50, calves 4.50 to 9.60. Hogs receipts 2800 with gains 5 to 106 cents. bulk 9.78 to 9.95, heavy 9.95 to 10.00, mediums 9.85 to 9.96, lights 9.70 to 8.95, pigs 5.00 to 7.50. Sheep 1300, market steady. lambs 9.00 to 9.50, yearlings 8.00 to 8.50, wethers 6.75 to 7.26, ewes 6.00 to 6.75, credits 4.00 to 4.50, goats 4.00 to 4.75.
Hogs receipts 1900 with steady market. Pigs and lights 8.25 to 9.00, mixed and butcher 9.80 to 10.10, good heavy 10.00 to 10.10, bulk 9.80 to 10.05. Cattle receipts 6000, market slow with native beef cattle, yearling steers and heifers 10.50 to 10.68, cows 5.50 to 8.25, stockers and feeders 5.50 to 8.59, Texas and Oklahoma steers 5.50 to 9.99, prime yearling steers and heifers 8.75 to 10.25, native calves 6.00 to 11.75, prime southern steers 9.00 to 10.00, cows and heifers 6.00 to 8.00. Sheep receipts 4500, market steady. Wethers 6.00 to 7.50, clipped ewes 4.00 to 8.00, clipped lambs 6.06 to 10.00, spring lambs 7.60 to 11.00.
Kansas City July markets report receipts hogs 6500 with higher prices. Bulk 9.70 to 9.95 heavy 9.80 to 10.00. prime cattle 9000 with steady to higher values. Fed steers 10.25 to 11.00 dressed beef 7.00 to 10.00. Cattle by class include southern steers 6.40 to 9.80 cows 6.00 to 8.25 bulls 6.50 to 10.00. stockers 7.00 to 9.00. Sheep receipts 4000 with steady to lower prices. Lambs 8.50 to 10.65. yearlings 7.50 to 6.. wethers 6.25 to 7.25. ewes 6.26 to 9.00.
Receipts and quota data show cattle and sheep activity with mixed price ranges. Cattle totals around 9000 with native beef cattle at 7.60 to 11.49 and western steers 8.40 to 9.45, while sheep volume 20000 and markets weak with wethers 6.50 to 8.10 and lambs 7.50 to 10.90.
Daily cattle sales report from Oklahoma City shows receipts of 800 cattle up 10 cents, 1700 hogs up 10 cents, and 300 sheep steady. Notable offerings include Williams Berwyn Oklahoma with 90 steers around 6.60 to 6.??, Caskron Mill Creek Oklahoma with 48 steers at 7.20, South Mill Creek with 2 steers at 7.75, and Johnson Custer with 24 steers at 7.90.
Cotton statistics from New York report a closed metal market and daily rail service with two sleepers to Memphis and Chicago on Southern Pacific lines. An adv notice accompanies the brief.
Washington reports that all National Guard units will receive sanitary equipment and mosquito nets as 200000 mosquito bars are contracted. Guardsmen will be vaccinated for smallpox and take typhoid prophylaxis by July 11 at the association building. Col Munson Maj Miller and W N Bispham depart for San Antonio to organize border relief efforts.
A new women's section of the Navy League will be formed in San Antonio to support the men's organization with education in patriotism and national defense. The meeting, led by Miss Gladys Courtenay Kane, Colonel Charles Diehl, and Richard Negley, aims to press Congress for navy readiness. The pledge emphasizes patriotism, American ideals, and teaching children to revere the country.
Edward Stolte 53 of Cibolo Texas died of heart failure while in his car in front of his home. Survived by widow four sons five daughters one brother and five sisters. Body held by Riebe Undertaking pending funeral arrangements. Anderson B Duffy 22 died at his mother's home in San Antonio. Survived by mother one brother and four sisters. Body sent to Gallatin Tennessee for burial by Riebe Undertaking. Rebecca Grant four years old died in a San Antonio hospital native of Georgia had been in San Antonio two months. Body sent to Goldthwaite Texas for burial by Shelly Loring Undertaking.
George Costan 49 died Sunday at a San Antonio hospital after a decade in the city. Native of New York, he will be mourned with a 5 pm Monday service at Zizik chapel and St. Marys Church followed by interment in St. Marys Cemetery.
Shelley Loring Undertaking Co offers automobile equipment and related services. Contact numbers provided indicate two phone listings for inquiries and orders.
Observations recorded at 6 00 a m July 8 1916 note wind speeds under ten miles per hour and precipitation under .01 inch not published. Allen Buell meteorologist.
Preliminary plans for a state wide Red Cross rally to raise funds were discussed by San Antonio Red Cross members at the YWCA. Mrs Harry Landa was named general chairman and called a meeting for 9 30 Tuesday to organize workers for the August 5 event at Landa Park New Braunfels.
New York July 3 trading was extremely dull due to a market holiday. Developments over the weekend were encouraging but did not translate into clear legislation in quotes. Mexican petroleum gained while Wabash preferred and Southern Railway rose fractionally. War issues advanced 1 to 2 points with Union Pacific and United States Steel showing strength.
Trading in Mexican currency in San Antonio Monday showed asked prices for silver pesos at 9.5456, half pesos 4.39, state bank notes 1.11, national bank notes 1.17, Bank of London and Mexico 15.14, and Carranza money at 0%.
Major William D Connor is relieved and ordered to Fort Sam Houston Texas. Colonel William C Brown and Colonel James Lockett reassigned to Tenth and Eleventh Cavalry respectively. A board led by General Blass Mills Hodges Morton Haynes to meet in Washington to advise on vacancies. Various officers assigned or moved to different regiments and posts including Fort Leavenworth Fort Bliss and Kansas City office. More: Lt Andrew W Jackson visits mobilization camps in the Deep South. Capts Rethers Hubbard Doyle Ferris and others receive new orders.
Local notices report a First Annual Ball by Wil Lett’s orchestra at W. O. W. hall on July 4 with 25 cent admission. Other items include recruiting station closure in Chandler building, F O E parade plans, jewelry ad, permit extension sought for Bowen Island tabernacle, and a stabbing of Mexican youth Senacio Arabo at 710 South Pecos Street.
A sanitary sewer upgrade is planned for the 600 block on South Laredo Street and Warwick Boulevard paving will not start until sewer lines and all connections are in place. Work to begin in a few days, with Horace E. Wilson, lawyer, listed in notices. Additional briefs mention a lightning strike on a chimney at 503 West Ashby Place causing roof damage, and July Fourth police court scheduling changes.
George Clark of Fort Worth is a guest at the St. Anthony. Mrs. E. H. Coomba of Houston stops at the Gunter. George Westerfield of Houston and A. Taft of Houston among new arrivals at the St. Anthony. R. Dickinson, J. H. Hartshaw, D. W. Young, Miss Clara Emienick, Miss Mary Shield stay at the Menger. W. H. Mains of New Orleans registered at the Menger. E. White of Eagle Pass stops at the Gunter. William Giles of Houston a guest at the Menger. $84.15 New York and return via New Orleans and steamer. Southern.
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