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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 05, 1916
Page
11
Storm warnings in the northeast are raising attention to the Egyptian crop market. Early reports indicate stronger demand and higher prices as traders anticipate weather impacts on supply and harvest timing.
Market notes from July 5 show northeastern storm warnings and heavy rains boosting cotton prices. New York opened steady to slightly higher with July futures up, while New Orleans saw a brisk advance around noon as winds near Pensacola intensified.
The New York cotton market opened steady with a six point drop to a one point gain as near months eased after Liverpool’s decline during the local holiday. Rain prospects in the eastern belt and active buying by houses with Liverpool ties sent October to 13.16 and December to 13.38 as the day progressed, with further covering keeping prices firm.
New York cotton futures opened steady with July at 12.72 and October at 12.93. December and January quotes moved to 13.14 and 13.49 amid a generally steady close. highs and lows appear in the day’s ledger with August and March figures noted in brief.
The report notes Liverpool is set to open Thursday with a 1 to 2 percent point rise. An 11 o'clock call is mentioned, followed by a New York call and closing terms.
The Gulf of Mexico tropical storm sparked worry about inland damage to the cotton crop. In early trading in New Orleans, prices advanced about 9 points and months traded around 20 points above Monday’s close as the weather outlook remained the market’s main driver through the afternoon.
New Orleans July 6 cotton futures show opening bids around 12.60 for July and 12.76 to 15.22 for later months. Futures closed barely steady with fluctuations noted in highs and lows.
Liverpool July 5 Cotton spot easy. Good middling 8.11d middling 7.95d low middling 7.79d. Sales 6000 for speculation and export, 500.
The report lists daily futures figures with dates from July 7 to June next year. Rates show small decimal shifts across intervals including July-August and November-December.
The report summarizes cotton stock levels at U S ports with figures and notes on movement amid market activity. It includes references to Charleston and other port facilities and lists general trends in supply awaiting export.
Officials in San Antonio report continued high meat prices with no immediate drop. Demand outstrips supply and production costs rise, while consumer buying power weakens. local receipts were light, peaches plentiful, cantaloupes in scarce supply, rain may ease markets soon.
Prices paid for country produce in San Antonio on Wednesday include Texas country candied at 21 2c per pound, Texas creamery butter at 25 3c, country butter 20 26c, packing stock 18 19c, poultry steady with hens at 4.50 per dozen, large fryers 4.50 5.60, broilers 2.50 3.50, turkeys 16 17c per pound, ducks 4.00 5.00 per dozen, geese 4.60 5.00 per dozen.
Quotations report butter steady at 23 27.5c, eggs higher with firsts at 21 22c and ordinary firsts at 20c. Potatoes fall with new arrivals at 90 cars and varied regional prices from Oklahoma Arkansas Illinois Ohio Virginia. Poultry prices ease with fowls 16c and springs 21 26c.
Quotations today include Butter at creamery 29c firsts 27c seconds 25c packing 22c Eggs firsts 21c Poultry hens 10c roosters 10c springs 26c New potatoes steady Texas Oklahoma and Louisiana Triumphs 70 75c.
New York on July 6 reports raw sugar steady at Centrifugal 6.40 and molasses 5.63. Refined sugar also steady with cut loaf 8.80 and various forms ranging from 8.65 to 7.50 in commodity quotes.
The Cotton Region Bulletin reports cloudy unsettled weather across the belt with above normal temperatures. Rainfall exceeded one inch at Augusta and Greensboro in Georgia and Warrenton and Blackville North and South Carolina. Data from 75th meridian time by Allen Buell meteorologist.
First bale of the 1916 cotton season was ginned in Nueces county at Driscoll near Corpus Christi. Owner J H Barbee of the Bishop community sold the bale to Thomas Bell of Corpus Christi Cotton Compress Company. In Goliad county the first bale was also ginned, raised by Pam Johnson, twelve miles west of Goliad, weighing 487 pounds and selling at 12 1/2 cents, with rains improving crop condition.
On July 5 in New York the cotton seed oil market closed with July at 10.77 to 10.82, August 10.75 to 10.76, September 10.64 to 10.65, October 9.64 to 9.66, November 8.72 to 8.73, and December 8.60 to 8.65, with total sales of 10,600.
A Texas Employment Co advertisement seeks diverse workers including a blacksmith, market and sorter for laundry, bridge men and helper, an engineer for lignifliant and other roles. Address is 228 E Commerce.
Chicago reports a wheat advance driven by Liverpool upticks and bullish foreign statistics. Demand broadens while European crop news improves. Opening prices show modest gains, then a later pullback as selling by a major firm weighs on the market.
Carrot buyers reported Wednesday prices for grain and hay delivered in San Antonio. Corn and oats quoted with state and grade distinctions, plus assorted hay and forage items listed by type and bulk prices per ton or per unit.
Chicago on July 5 quoted grains with No 2 red wheat at 1.06 and 1.06 percent, No 2 yellow corn at 78 to 79 cents, oats standard at 39 to 40 cents, and barley at 68 to 80 cents. The report reflects grain price levels for the day.
Quotations show wheat steady around 1.11 to 1.30 with No 2 red at 1.30 and new 1.13. No 3 corn at 76c, No 2 white oats listed as nominal. Market notes reflect typical daily movements and price points.
Quotations list wheat corn and oats prices in Kansas City on July 5. No. 2 hard wheat at 99 and 1.05 dollars per bushel range. No. 2 red wheat 96 to 1.08. Corn blends and whites range 73 to 74 cents. Oats mixed and white quoted around 36 to 41 cents.
In Kansas City on July 5 grain futures ended with wheat for July at 6 3 4 cents and September 9 4 cents, while corn for July traded at 72 3 4 cents and September at 70 3 4 cents.
Chicago July 5 quotations show open and close ranges for various provisions. Prices include oats, sugar, and related commodities with listed bid and ask figures across multiple items.
Local packing house prices list dry salt extras at 16c and bacon extras 17c with various belly and ham rates. Peter Gianotti, 56, died Wednesday at his home 1415 North Laredo in San Antonio after a three month illness. He was born in Italy and immigrated 27 years ago, survived by his widow, two sons in San Antonio and Italy, and a brother Angelo. Funeral at 2:30 pm Thursday from the residence.
A brief market note outlines cotton pricing in New Orleans. It mentions current price levels and general market mood for growers and merchants. No further details or named entities are provided in the clipping.
Union Stock Yards notes a steadier market with fair receipts. Cattle sold from 5.25 to 6.50, cows 4.00 to 5.25, calves 5.75 to 6.50, hogs 6.50 to 9.25, sheep tops at 6, and total daily receipts listed as cattle 191 calves 155 hogs 47 sheep 16 horses 884.
Fort Worth Texas July 5 receipts and prices show cattle steady with breaches in some ranges. Hogs fall about ten cents with various weight classes quoted from nine to ten dollars per hundredweight. Sheep and lambs remain steady with lambs nine to nine fifty and ewes six to six fifty, goats four to four seventy five.
Hogs receipts 12,000 and lower with bulk 9.65 9.90, heavy 9.85 9.95, light 9.60 9.85, pigs 9.00 9.50. Cattle receipts 1,000 steady to lower. prime fed steers 10.25 11.00, dressed beef steers 8.25 10.00, southern steers 6.25 9.50, cows 5.00 8.25, heifers 6.75 10.00, stockers 6.75 9.00. Sheep receipts 6,900 steady to lower. lambs 8.60 10.50, yearlings 7.60 8.50, wethers 6.25 7.25, ewes 6.00.
Hogs receipts 40,000 with lower bids across classes from bulk 9.59 to night 10.00 and rough 9.50 to 9.65. Cattle receipts 22,000 with weak demand. native beef cattle 7.50 to 11.30, western steers 8.40 to 9.45, stockers 5.75 to 8.80, cows and heifers 3.75 to 9.85, calves 8.50 to 11.75. Sheep receipts 21,000 weak. wethers 6.50 to 8.00, lambs 7.50 to 10.90.
In St Louis on July 5 receipts show hogs steady with prices from 8.25 to 10.19 and cattle steady with varied ranges across classes. Sheep receipts at 5000 with wethers around 6 to 8 dollars. In Dallas the Fourth Missouri infantry rested here en route to San Antonio, report says the men are in good condition and spirits.
Observations show cattle sales starting at 1 cent at 8 a m on Wednesday July 5. Weather notes indicate wind under 10 mph and precipitation under .01 inch are not published. Allen Buell, meteorologist, provides the data.
Chicago Tribune released revised figures showing twelve deaths and 876 injuries nationwide from the Fourth of July celebration, compared with nineteen deaths and 906 injuries the previous year.
Special Agent Rodgers in Mexico City reports Mexican authorities returned American owned gold and silver bullion valued around 500000 dollars to Manzanillo on July 5.
New York trading welcomed improved Mexican situation with solid gains across major shares. Studebaker and Mexican Petroleum rose 1 to 2 points. U S Steel showed a wide opening. Rail firms were firm with Canadian Pacific and Texas Company up. Mexican Petroleum Union Pacific and United Fruit advanced further.
In New York and London trading, lead shows dull activity with spot and near term quotes for East St. Louis and London markets, copper remains dull with various near and far term futures, iron prices steady across No. 1 northern and southern categories, tin quiet with spot offers and futures noted in both markets.
Fire destroys about 1500 dollars worth of furniture in the home of H D Hopkins at Blanco road and Russell Place. The dwelling owned by Dr Burg valued at 1200 dollars suffers 300 dollars in damage. Insurance covers the loss. Mrs Hopkins was home but did not detect the blaze early. A separate fire at a trash pile behind firehouse No 2 on Travis Street draws nearly half the department, but causes little damage to nearby structures.
The Comptroller of the Currency issued a call for the condition of national banks as of June 30. In Texas, Commissioner Patterson issued a similar call on state banks for their financial condition at June 30.
Sir Ernest Shackleton arrives at Punta Arenas the world’s southernmost town in Chile on July 5. The Uruguayan government has outfitted a reef vessel to rescue the main body of Shackleton’s Antarctic party left on Elephant Island.
A father jokes that every third baby worldwide is Chinese, while noting his own child is their first born. The light dialogue plays on statistics and family pride in a magazine illustration style.
Obituary notices list Samuel Hilliard a 24 year old ranchman from Caldwell county Texas who died in San Antonio and was buried in Lockhart. Also named are Domencio Musa 58 a Genoa Italy native grocery proprietor and member of the Christopher Columbus Society who died at 1305 M Flores Street and will be buried after services at St Marys Church. Charles McGinnis 86 a resident of San Antonio for 34 years who will be buried in City Cemetery No 4 and Dorothea Idyline Dobbyn mentioned as a deceased with further details pending.
The year old daughter of Dr and Mrs William R Dobbyn died at 940 am Tuesday at 519 South Alamo St The funeral was held at 4 pm Wednesday from the residence and burial followed at Roselawn Cemetery
Local ads list Sheiley Loring Undertaking Co offering automobile equipment and related services with contact numbers 971 and another phone line for inquiries or orders.
Alfred L Coultress 26 is dying after a fight in front of a saloon at 700 block San Fernando. He suffered a fourteen inch abdomen wound and six inch thigh gashes. Frank Escalera 25 of 1219 South San Marcos is jailed on assault to murder with minor stab wounds. Detectives seek two other Mexicans involved.
George W. Riddle of Dallas withdraws from the U S Senate nomination race in a note to Texas Democrats. He is a prohibitionist and says his retirement will avoid splitting the anti liquor vote and aid another prohibitionist in the runoff. He will still vote for Py Brooks in the primary.
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