Bulf Storm Causes Little Damage and Market Impacts
The event named Bulf Storm caused minimal structural damage while cotton prices declined. Liverpool cables reported better performance amid varied market reactions.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 06, 1916
Page
11
The event named Bulf Storm caused minimal structural damage while cotton prices declined. Liverpool cables reported better performance amid varied market reactions.
The Princpal spot market notes a mixed day with a tentative rise in New York July and a general decline due to storm damage fears. Traders faced selling pressure and light activity as weather reports, hurricane updates, and pressure from topical storms influenced prices.
The New York cotton market opened quietly as traders awaited impact from a gulf storm. Prices drifted with August down four points, October and December off 7 to 11 points before steadying on weather reports. The week’s boll weevil activity noted. December near 13.18 and 13.19 later, with overall subdued trading and forecasts indicating further guidance from upcoming weather updates.
Opening gains faded as reports from the interior showed rain for the crop and storm damage fears rose in Mississippi and Alabama. Trading drifted lower toward noon and afternoon with prices easing several points from the prior close.
Certoi ntores opened steady with bids listed for July 76, October 2.86, December 13.00, January 13.11, and March 13.29. Prices show slight variations across months with a mix of highs and lows in early trading.
Liverpool July 6 spot cotton holds firm with American middling fair at 8.75 pence and middling 8.03p. Sales reach 7000 bales, including 1500 bales for extinct speculation. receipts total 12,000 bales.
Futures steady in Liverpool trading with July August at 7.84 pence per ton and successive months posting 7.8144 pence for August-September and 7.78 to 7.64 pence for other pairs across the seasonal calendar.
Too late to classify ad notes a Ford five passenger sale in rough condition priced at 200 dollars. Southern Welding and Machine Co at 212 College street appears as seller contact. Also an advertisement seeks to buy second hand English textbooks from Texas University with Crockett contact 8128.
Heavy rains eased receipts in the local market Thursday. favorable rain is expected to improve both quantity and quality of shipments. Peaches remain short with early colingstone picked, Elberta arrivals not yet started. Cantaloupes show brisk demand as California to comes begin, oranges cheaper, lemons steady. Poultry shipments to the East move out Friday night or Saturday.
Buyers paid varied prices Thursday for Texas country goods in San Antonio. Candied eyes 21 to 22 cents per unit, creamery butter 25 to 35 cents per pound, country butter 20 to 25 cents, packing stock 18 to 19 cents, poultry values per dozen or pound ranged from four to six dollars for various items including friers broilers and turkeys, ducks and geese also listed.
Raw sugar was firm in New York on July 6 with Centrifugal at 6.40 and molasses at 5.65. Refined grades held steady with Cut loaf 8.80, crushed 8.65, mould A 8.15, cubes 8.15, XXXX powdered 7.89, powdered 7.75, fine granulated 7.65, diamond A 7.65, confectioners A 7.55, No 1 7.60.
Quotations for butter creamery firsts seconds and packing, eyes firsts, poultry hens and roosters springs and egg prices, new potatoes weak, regional potato and early Ohio prices in Kansas City markets dated July 6.
New York on July 6 reports cotton goods yesterday steady in staples but cotton duck in strong demand. Yarns and worsted yarns remain firm with rising tendency. Knit goods active and dress fabrics edging higher.
The Interstate Great Northern Railway gained permission to charge 120 cents per 190 pounds for peaches and tomatoes in straight or mixed carloads with a 20 000 pound minimum per car. Ships must go to canning factories and carry a sworn statement of intended canning use. The rate covers Longview Junction and southward including Mineola and Henderson branches to Austin and starts immediately, expiring August 18.
Turpentine firm shows 39 percent, 3914 sales, 394 receipts, 837 shipments, stock 12 420. Resin firm records 1040 sales, 2083 receipts, 1413 shipments, stock 65 721. Quotations listed A B and others with mixed bids and weekly figures across brands and grades.
Department of Commerce figures for May reveal breadstuffs exports declined by 16 million dollars from a year earlier, while meat and dairy products rose by 9 million and mineral oils increased by about 5.006 million.
New York July 6 closing prices show July at 10.70 to 10.80, August 10.06 to 10.19, September 10.55, October 9.37, November 8.00, December 8.55 to 8.57. Total sales 18,100.
permit to do business in Texas was granted today by the State Department to the Gelico Company of San Antonio incorporated under Massachusetts law. principal office Brockton Massachusetts capital stock 15000. Texas headquarters are in San Antonio.
New York July 6 reports that President Tener of the National League indefinitely suspended Captain Johnny Evers of the Boston club. The article also lists Cotton statistics with daily stock figures and deficits for the season.
Excellent harvest weather for the winter crop and drought in the spring crop region tended to ease the wheat market. Opening prices ranged from slight declines to gains, with July and September futures quoted, then a modest setback. Reports of Kansas harvest weakness added pressure, closing mixed and unsettled despite good export demand for corn.
Carrot buyers reported grain and hay delivery prices in San Antonio. Corn ranged Texas No. 8 at 84 4c, mixed 8c, Northern No. 3 white 86c, mixed 86c. Oats Texas No. 3 red 43c. Hay quotes included Mile maize No. 8 bulk 1.15, feterita No. 8 bulk 1.15, Kaffir corn No. 3 bulk 1.15, cane hay per ton 1, prairie hay per ton 16 509, Johnson grass per ton 11.00, alfalfa New Mexico per ton 16.
Quotations today show Wheat and Corn mixed and yellow prices. Wheat No 2 hard 99 cents to 1.06, No 2 red around 1.02. Corn No 2 mixed 73 to 78 percent, No 2 white 73 to 74 1 2 cents. Oats No 2 white 39 to 40 cents, No 2 mixed 34 to 38 cents.
Kansas City stock market notes grain futures ending with Wheat July 96 3/4 cents Wheat Sept 98 1/2 cents Corn July 73 4 1/2 cents Corn Sept 71 1/2 cents in morning session.
Quotations today show corn No 2 hard at 1.04 and No 2 red at 1.04. No 2 yellow corn at 784. Oats standard at 391 and 40% at sc. Barley at 63 0c.
Wheat prices range from No 2 red at 1.09 to 1.12, No 2 hard nominal. Corn No 2 at 76 1/2 cents, No 2 ac Ta6? cents. Oats No 2 at 88 3/4 to 89 1/4 cents, No 2 white nominal.
Local packing house quotations list pork and lard prices with highs and lows for futures and spot, noting bacon and ham prices. Dry salt and bacon extras are priced, with average values for various cuts and products.
Market brief notes butter steady with receipts at 26 213 cases and ordinary firsts at 22 c per unit. Potatoes lower across regions with varied receipts and prices, while fowls show spring prices around 22 cents and Virginia barreled goods quoted at 3.00 to 3.30.
A brief market note on cotton in New Orleans showing price levels and immediate shifts. Traders monitor futures, local demand, and weather impacts as values fluctuate amid harvest progression and regional logistics.
Wholesale prices to trade list Texas potatoes Triumph and Cobble at $5 per 11 peck sack, onions green 35 cents per dozen, tomatoes Texas crates $1 001 10, lettuce California crates $2.50, apples Washington Winesap fancy and extra fancy, 2 dollars, bananas $3 to $3.25 per hundredweight, oranges Valencia boxes $3.59, peaches Texas crate 0c per 4-basket, prunes and raisins varied by grade, canned goods and meats with No. 1 roast beef $2.35 and salmon $1.10 per dozen, oats and wheat prices to retailers.
The Washington Star notes a 1700 B C papyrus showing early arithmetic use in Egypt. It details addition and multiplication for units and fractions, includes equations such as barley division among ten, and a seven men seven cats problem, plus area and circle squaring attempts and pyramid cube measures.
A sea tale from Tit Bits describes a steamship off the coast of Ireland that veers off course. The lookout warns of danger, the Irish cook Pat strikes him with a belaying pin to prevent a loss, arguing that breaking the wind will save the ship.
A young man at a fashionable church door is stopped by the sexton who asks his relation to the bride. He replies he is the defeated candidate and seeks only to witness the quiet ceremony. The sexton accepts the explanation.
Stocks rose on today's open as favorable domestic and international conditions supported markets. Rails led gains with Reading up over 2 points amid steady demand for Canadian Pacific Union Pacific Lehigh Valley New Haven and Rock Island. Specialty issues including Mexican Petroleum Crucible Steel Baldwin Continental Can Industrial Alcohol and Willis Overland climbed 1 to 2 points. Sugar and shipping issues advanced, Inspiration Copper hit a new high, and late trading saw further gains in some motors and American Can while overall closing was irregular with Reading up in mid session.
New York report notes mercantile paper at 22 percent, sterling exchange around 60 days at 4.72, demand 4 754, cables 4.7 percent. Government bonds steady, railroad bonds firm, time loans strong with six months around 4 percent. Call money high at 4 percent, low at 4. per cent, last loan 23 percent, closing bid at 4 percent.
Bar silver 30 percent per ounce. Money 4 percent. Discount rates for short bills five percent. Three month bills six percent.
Lead offers weak at Spelter and spot St Louis delivery 10 percent asked. London quotes lead at 28 pounds 65s, Spelter 46 pounds 10s. Copper dull with nearby and later contracts around 46 000 dollars. Tin quiet with spot around 39 1/2 dollars and London futures level. Iron steady.
In New Orleans on July 6 rough rice remained nominal and clean rice quiet with unchanged quotations. Receipts counted 240 pockets of clean rice and sales noted 100 pockets of clean Honduras rice.
Temperatures and rainfall reports for stations along the 75th meridian time. Weather is unsettled with below normal temperatures. Rainfall exceeds an inch at San Antonio Kerrville Hazelhurst Lake City Migs and floods of over two inches at Alice and Uvalde. Allen Buell meteorologist Weather Bureau.
Daily cattle sales at Kansas City show 74 cars listed with quarantines in place. Market remains steady to slightly lower and active across offerings.
The New York Sun recounts how Solomon sought Hiram king of Tyre to teach bronze work for the temple. Hiram Abif, a famed craftsman, was murdered by rivals, ending bronze mastery and melting existing stock for weapons. Joshua later seized brass and gold during campaigns in Canaan.
July 6 reports show lighter receipts but stronger demand with hog prices advancing. Cattle sold from 6 to 6.50, cows 4 to 5.60, calves 5.50 to 6.50, and extra choice hogs 9.50 to 9.60. foreign markets paid up to 10.18. Receipts today included cattle 379 calves 66 hogs 22 horses 237.
Fort Worth Texas market results show cattle receipts around 2000 with prices mainly 25 cents higher led by Reeves at 6.50 to 8.80 for cattle types. hogs 1800 receipts with gains up to 10 cents. bulk hogs 9.75 to 9.95. sheep receipts 100 with lambs 9.00 to 9.50 and ewes 6.00 to 6.76.
Receipts and quotations show hogs with bulk at 9.78 to 9.95 and pigs at 9.00 to 9.80. Cattle receipts 4500 with prime fed steers 10.25 to 11.00 and southern steers 6.40 to 9.39 percent. Sheep receipts 1100 with lambs 9.40 to 10.10, yearlings 7.50 to 8., wethers 6.25 to 7.60.
Receipts and quotations show hogs at bulk 9.80 to 10.15, light 9.55 to 10.06, mixed 9.60 to 10.15, heavy 9.55 to 10.18, pigs 8.00 to 9.40. Cattle receipts 3000, market steady with native beef 7.35 to 11.80, western steers 8.20 to 9.40, stockers 5.60 to 8.65, cows and heifers 3.75 to 9.75, calves 8.60 to 11.70. Sheep receipts 14,000, market steady, wethers 6.50 to 8.00, lambs 7.60 to 7.26.
Receipts and quotations show hogs at 6,000 head with average prices from 8.25 to 10.15, cattle receipts at 28,000 with varied grades from 5.50 to 11.38, and sheep receipts 4,600 with prices for wethers, ewes, and lambs ranging around 4.00 to 10.50. Market generally steady for cattle and hogs with mixed butchers and prime categories noted.
New Orleans reports spot cotton quiet and unchanged. Sales on the spot noted as 2 bales.
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