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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 08, 1916
Page
9
A slight uptick in trading is noted as damage from the storm affects markets. Cotton prices show modest gains despite disruptions. Limited activity persists as exporters assess risks and waits for clearer conditions.
Quotations show limited movement as weather damage reports from Alabama and Mississippi temper buying. New York and New Orleans close modestly higher while San Antonio spots rise to 12.69 with listed grades and prices for delivery at local compresses.
The New York cotton market opened steady with October at 13.11 and December 13.28 as cables remained firm and rains persisted in the South. Reports warned of flood risks in eastern Mississippi and crop damage in Alabama and Mississippi, yet trading stayed quiet and closing prices were barely steady.
The New York spot market shows quiet trading on July day with middling upland cotton priced at 13.15 cents per pound. No sales reported.
Spot cotton firmer with good middling at 8.24 pence per pound. Middling 8.084, low middling 7.924. Total sales 3000 bales, including 300 for speculation and export. Receipts 22,000 bales.
Futures steady as rows show the August to July horizon with rates around 7.72 to 7.86 percent. Several month pairings appear with fractional adjustments and recurring 4 percent figures noted across the curve.
Elgin reports butter at 27 percent moisture with 50 tubs noted. New York markets show cotton goods firm with active demand in print cloths and convertibles. Yarns firm and wool markets quoted at or near record highs.
Trading opened with quiet skies and no receipts as quotes held steady. Cotton moved up five to seven points in the first half hour on news of interior storm damage, then paused due to weekend profit-taking from long positions.
Two car load shipments of California potatoes eased scarcity in the legal produce market on Saturday. Coast spuds sold at 2.65 to 2.75 per hundred pounds as receipts and quality improved. Texas cantaloupes remained scarce, Colorado melons due next week with higher prices. Tokay grapes arrived from Fangie Pees at 2.40 to 2.50 per log box, first of season. Bell peppers offered in excellent supply at 1.25 per bushel amid steady demand.
Wholesale prices to retailers list Texas California sourcing for potatoes onions tomatoes celery cabbage peppers lettuce cucumbers and more. Includes fruit prices Washington Winesap apples Bananas oranges lemons and dried fruits with varied crate bushel and per hundredweight rates.
New York July 8 closing prices for cotton seed oil show July at 10.65 to 10.75, August at 10.62 to 19.65, September 10.52, October 9.56, November 8.67, with spacewines 8.56 to 8.58 and totals around 3900 trades.
In Chicago July wheat futures slipped amid a bearish crop outlook and weak demand. Experts noted moisture in the northwest abating and government reports weighing on the market while black rust sparked a late price push. nearby contracts closed modestly higher. Corn fell before an export uptick and hogs boosted provisions.
A brief market note reports New Orleans cotton prices and conditions as of today. Traders watch futures and cash quotes, noting supply, demand, and regional trading activity impacting local values.
Carter buyers posted market prices for grain and hay in San Antonio. Corn values ranged from 86c to 841c per unit, oats at Texas No. 3 red or mixed grades, and hay prices per ton and bulk prices for cane prairie feterita kaffir and alfalfa listed with quantities and quality notes.
Quotations today show wheat at about 1.00 to 1.09 for No 2 grades and corn around 74 to 76 cents for No 2 mixed or white in Kansas City. Futures close with wheat near 1.02 and corn around 80 to 85 cents in Chicago with oats at about 40 to 41 cents.
Wheat prices quoted firm with No 2 red at 1 02116 dollars, No 2 hard nominal, No 2 recorded at 79 80. No 2 white around 80 9. Oats No 2 at 39, No 2 white nominal.
Open and close prices listed for various meat products and by products. Includes dry salt extras bacon extras and bacon bellies with average weights and c per pound. Notes mention packing house quotations and Saturday pricing trends.
Turpentine firm shows 41 41 percent sales with 1148 receipts 785 and 83 shipments while stock stands at 12 942 Resin firm records 834 sales 2062 receipts and 3725 shipments with stock at 65 704 Notations list price references from 5.35 to 6.30 across various grades and letters.
July 8 local live stock market was nominal with trading at a standstill and no price quotations due to limited offerings. Receipts include cattle 88 calves 126 hogs 84 horses 320, while range reports hint at improved conditions for next week and rising demand for cattle and hogs despite drought.
Fort Worth markets show cattle receipts around 600 with mixed color of prices for beeves at 6.50 to 8.80, stockers 5.00 to 6.50, cows 4.00 to 6.50, heifers 5.00 to 7.59, bulls 4.00 to 6.60, calves 4.00 to 9.50. Hog receipts 400 with heavy hogs 9.95, mixed 9.70 to 9.80, pigs 6.50. Sheep receipts 50 with lambs 9.50, wethers 6.50 to 7.25, ewes 4.50, bucks 4.00 to 4.50, goats 4.00 to 4.76.
July reports show hogs receipts 4900 with mixed prices from 8.75 to 16.20 per cwt and bulk 9.90 to 10.15. Cattle receipts 600 with steady market. native steers 7.50 to 11.35, yearlings 8.50 to 10.65, cows 5.50 to 8.25, Texas Oklahoma steers 5.50 to 7.90, prime yearlings 8.75 to 10.25, natives calves 6.60 to 12.00. Sheep receipts 400, market steady. wethers 6.00 to 8.00, clipped ewes 4.00 to 6.00, clipped lambs 6.00 to 10.05, spring lambs 7.00 to 10.75.
Kansas City market report shows hogs with receipts of 6000 and higher quotes. Bulk 9.85 to 10.15, heavy 10.10 to 10.15, pigs 9.25 to 9.50. Cattle receipts 1000 including fifty Southern steers. Prime fresh steers 10.25 to 11.00, dressed 10.00, cows 5.00 to 8.25, heifers 6.00 to 10.00, stockers 6.75 to 8.25. Sheep receipts none. lambs 9.50 to 10.75, yearlings 7.50 to 8.26, wethers 6.50 to 7.60, ewes 6.25 to 7.10. Market steady overall.
Chicago reports receipts hogs 11000 market strong bulk 9.85 10.10 light 9.60 10.10 mixed 9.55 10.20 heavy 9.50 10.25 rough 9.50 9.65 pigs 8.15 9.60. Cattle receipts 200 market steady native beef 7.30 11.20 western steers 8.20 9.40 stockers 5.60 8.65 cows and heifers 3.75 9.75 calves 5.50 9.00. Sheep receipts 6000 market steady wethers 6.50 8.00 lambs 7.50 10.85.
The Interstate Commerce Commission authorized the Missouri Kansas and Texas Railway to ignore long and short haul rules to set identical rates for corn wheat millet flax and hemp from Arkansas to St Louis as the St Louis and San Francisco Railroad does on its direct route. It also permitted the Chicago and Great Western Railway to set rates on petroleum from Oklahoma and Kansas fields to compete with the Santa Fe direct line.
Chicago July 8 Wheat prices swung after news of black rust found in fields near Ypsilanti North Dakota a top wheat producer with the crop at a critical stage. Export sales supported gains with July option spiking to 1.08 from 1.03 as buyers pushed prices up before retreating to a net 2 1 3 cent gain.
New York reports the weekly condition of clearing house banks and trust companies with a total reserve excess of 63.546 million dollars above legal requirements, down 35.458 million from last week. Loans and discounts total 941.363 million, deposits and circulations shift notably as net demand deposits fall 97.946 million and net time deposits drop 1.681 million.
The sole aeroplane at the American punitive expedition base in Mexico was damaged when its propeller splintered in flight. The aviator reportedly landed safely. Twelve other biplanes remain idle at the base awaiting steel propellers ordered ten days earlier.
Opening trading in New York showed liquidations as adverse conditions weighed on munition shares and related industries. Crusible Steel Baldwin Locomotive American, Stude baker, Maxwell Motors and Industrial Alcohol fell 1 to 5 points, while U S Steel and other seasoned issues held steady. American Can rose. Rails remained firm and bonds declined.
The Cotton Region Bulletin from Antonio Texas lists temperatures rainfall and weather for Houston district stations at 75th meridian time. Rainfall exceeds one inch from Amite Louisiana to Mobile Montgomery Savannah and Atlanta districts with five inches or more in Birmingham Clanton Columbus Gainesville Griffin and ten inches at Eufaula Alabama. Meteorologist Allen Burlil notes unsettled showery conditions in the eastern gulf states.
Shippers market reports show assorted country produce prices in San Antonio on Saturday with bags steady and poultry rates. Texas candied and creamery items listed, along with per pound and per dozen figures for hens, friers, broilers, turkeys, ducks, and geese.
Mercantile paper at 4 percent. Sterling 0 day bills 4.72 with demand 4.754 and cables 4.764. Guilder demand 41 7-16, cables 41 9-16. Bar silver 62, Mexican dollars 47 1/2 cents. Government bonds steady, railroad bonds easy.
Kansas City market quotations show butter at 29 cents for firsts 27 cents for 27 cents second 25 cents packing 22 cents. Poultry prices list hens five to roosters 101 cents and springs 25 cents. New potatoes weak. Texas Oklahoma and Louisiana Triumphs 65 cents. Kaw Valley early Ohioa weak 6 cents.
Butter steady at 23 to 27 cents a pound for creamery. Eggs steady with firsts 22 to 22 1/2 cents, ordinary firsts 20 to 21 1/2 cents per dozen. Potatoes higher with 40 car receipts. Triumphs and Stew priced around 1.05 for certain grades. St Louis Ohio Virginia pork and poultry values listed with fowls at 17 to 18 cents and springs 21 to 22 1/2 cents.
Opening advance for coffee futures attracted scattered gains and sold off to a net decline of 2 to 7 points. Market closed lower as July to June contracts ranged from 8.08 to 8.63 on adjusted listings with spot prices steady for Rios and Rantos denominations.
In a Bourse Gazette interview Foreign Minister Sergius Sazonoff states Russia will concentrate on western problems for many years. He argues continued solidarity with Japan on eastern issues and warns against any power taking unfair advantage of China as eastern borders were once exploited by others.
The Modern Woodmen of America executive council voted to pay death claims of members who die serving in the U S military or naval forces during war with Mexico. A temporary dispensation suspended the by law that made military service hazardous. Tropical Horticulture review notes Charles Kingsley book At Last praises West Indies plants and 200 species.
The attorney general’s department approved an issue of $7000 Bexar County common school district bonds for district No. 27. The bonds bear 5 percent interest, mature in 30 years, with a 10 year option. United States weather bulletin notes July 8 observations in New York and mentions coffee futures.
Associated Press reports Rabindranath Tagore arrived in Tokyo to study the psychology of the Japanese. He may travel to the United States by late July for lectures on literature and art, with plans to winter there and perhaps England in the spring if wartime conditions permit. In Tokyo he maintains a disciplined routine, rising before 3 AM, meditating four hours, tea at 7, work until 11, then bath and meals, with five hours sleep.
Kleberg Townsite and Improvement Company began a 10 inch artesian well project in Johnston park north of King's Inn. City aims to take over the waterworks by September 1 for 30000 dollars, including an existing well. Voters approved 150000 dollars in bonds to extend mains install fire plugs and pursue a modern fire engine.
In Larned Enoch Chase found a joint snake while removing logs. He put a severed joint in a bucket, then watched as the snake pieces whistled and linked to form a whole. The head and tail separated, and the snake parts wandered to find the missing piece before escaping into tall grass when an automobile approached.
Americans who visited Vienna report Emperor Franz Joseph is very well at 93, rising at 4, dining at 6, and working through state duties while others follow different routines. He receives ministers and deputies and reads extracts from papers after a four course dinner. Season of mildew also noted with remedies given for crops and gardens.
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