Cotton Progress Amid Ongoing Eastern Belt Rains
Continued rain in the eastern belt helps advance cotton growth as cables remain steadier.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 10, 1916
Page
9
Continued rain in the eastern belt helps advance cotton growth as cables remain steadier.
The cotton market moved on a rainy day with New Orleans and New York opening higher but later softening. Trading remained active as months like October and December fell 7 to 8 points, while overall sentiment drifted with rain effects and bearish political outlook concerns. Local prices in San Antonio showed varying quotes across grades from good middling to strict low middling, reflecting regional compress deliveries.
The New York cotton market opened firm with gains of 6 to 7 points on steady cables and rain prospects in the eastern belts. October rose to 18.17, December to 18.36, then slipped to 18.02 and 18.21 by midday as selling and realized profits appeared, with spot October at 13.01 and December at 13.19. Prices closed steady after a modest noon decline and limited demand.
The text reports an opening note about Liverpool ias on Tuesday at a 5 percent point, followed by a sequence of volatile figures and terms. It references an 11 o'clock call, New York actions, and incomplete monetary notations suggesting a financial or market update with scattered dates and numbers.
Rainy conditions in the eastern cotton region spurred early buying in New Orleans with gains of 7 points in active months. Longs took profits into noon, leaving a net 1 point gain, while afternoon trading saw pressure from short selling and prices closing 9 to 14 points lower.
Cotton spot in Liverpool remains quiet with prices steady. Good middling at 8.28 pence, middling 8.12, low middling 7.95. Total bales traded 6000 including 5700 American and 600 for speculation and export. Receipts reported at 17,000 bales.
Futures in Liverpool closed barely steady with July at 7.914 and various near-months quoted. In New York July seed oil traded around 10.60 to 10.79 with other months listed, and overall bale count at 12,500.
Heavy shipments of California plums are due to arrive in the local produce market Tuesday night. A carload is rolling toward San Antonio for delivery Wednesday with Red Wicksons Purple Diamond Redburns P Duane Climax and St Ros priced per crate. Bartlett pears and other fruits are also listed amid fluctuating market demand.
Prices paid in San Antonio Monday show steady markets for poultry and eggs. Candled Texas country butter at 25 to 30 cents per pound, eggs at 20 to 25 cents, poultry including hens at 4.59 to 6.60 per dozen and turkeys at 16 to 17 cents per pound, ducks and geese also listed with per-dozen or per-pound figures.
Chicago market report notes butter 23 to 27 cents, eggs higher with 11,485 cases receipts and mixed grades. Potatoes lower on 60 car arrivals from Kansas, Missouri and Ohio. regional sacked prices 0.95 to 1.00. Poultry alive declined with fowls about 16 to 21 cents per pound.
Quotations today show butter at creamery 28c, firsts 26c, seconds 25c, packing 22c. Poultry lists hens 16c and roosters 14c, springs 25c. New potatoes steady. Triumphs 70c in Texas Oklahoma Louisiana, Kaw Valley and early Oklahoma steady at 70c.
A long list of wholesale prices to trade for fresh produce and canned goods including potatoes onions tomatoes celery cabbage peppers lettuce cucumbers peaches apples bananas oranges and lemons. Also covers sugar coffee rice canned meats fish flour bran and meal with various grades and container sizes noted.
Wheat showed weakness without new black rust threat evidence but rallied then fell again. July and September quotes moved with fluctuating demand while corn stayed firm and oats rose on higher London prices. Hog declines pressured provisions.
Carrot buyers paid varied prices for grain and hay delivered in San Antonio. Oats and corn quality grades tied to Texas and Northern categories. Hay included prairie and alfalfa varieties with per ton and bulk pricing listed for Mile maize, fetersta, Kaffir corn, cane hay, prairie hay, Johnson grass, and chotee pea green New Mexico.
Chicago quotations today show wheat at 2 red nominal, corn at 80 percent select, date standards around 41 41 percent, and barley at 65. The snippet records grain prices and classifications for traders and markets.
In St Louis on July 10 quotations show No 2 red wheat at 1.144% to 1.17 percent, No 2 corn at 80 cents, No 2 white at 80% cents, and oats No 2 at 40 cents with No 2 white listed as nominal.
Market brief shows Wheat No 2 hard at 1.02 to 1.03 dollars and No 2 red at 1.02 to 1.08. Corn ranges include No 2 mixed at 78 to 79 cents and No 8 white around 76 to 77 cents. Oats No 2 white listed at 40 cents.
A concise market note tracks New Orleans cotton prices and nearby trends. It highlights current price levels, brief shifts in futures, and notable factors affecting demand and supply in the export hub.
Cattle and commission men report a steadier tone at Union Stock Yards with improved receipts aided by recent rains. Prices move higher for cows and young stock, hogs show local gains though foreign markets lag, and horse shipments rise for army use. Receipts today include cattle 643 calves 75 hogs 191 sheep 17 goats 4 horses 1240.
Charles B. Metcalfe of San Angelo travels to Midland to inspect 2000 head of cattle bought by the United States government for Indian reservations in Oklahoma and North Dakota. He and Indian Commissioner Cato Selle are longtime friends and Selle asked Metcalfe to review the herd.
Weather bulletin reports unsettled conditions in the belt with rain continuing in the east. Temperatures run above normal and rainfall exceeds one inch in several districts including Augusta Mobile Savannah Atlanta Montgomery, with over four inches at Alapaha Georgia. Allen Buell, Meteorologist, Weather Bureau.
The market opened with irregular tone as specialists faced renewed pressure on industrials and metals. Declines appeared in United States Steel and Crucible while Alcohol weakened further to 107 1/2 and Tennessee Copper plunged. call money rose to 5 percent.
Trading in Mexican money in San Antonio and New York markets shows firm mercantile paper at 4 percent while time loans and government securities display varied demand. Sterling exchange sits around 4.72 to 4.79 dollars with bar silver near 60 cents and Mexican dollars quoted 46 to 47.
Nat Emerson and Lew Hardy of Memphis won the Southern doubles title by defeating Douglas Watters and J A Bruns of New Orleans in five sets. Emerson and Hardy advance to the Inter sectional Championship in Chicago. Ethion Legendre of New Orleans won the South women's singles title over Irving Murphy, also of New Orleans, 6 4 6 7. The event closed the twenty ninth annual Southern Tennis Association tournament.
Kumagae defeated Roland Hoerr of St. Louis in straight sets 6-3 6-3 6-2 to win the Central States tournament singles trophy. He and Mikami also won the Central States doubles title defeating Van Keppert and Gautier 6-3. The pair collected five trophies before leaving for Utica to compete in New York state events.
Lead at 8.50 with East St. Louis delivery listed as unsettled. Copper dull with near term and later copper at 25.00 and 20.00. Iron steady with No. 1 northern at 70.50 and others priced, tin offered around 335.75.
Fort Worth reports cattle numbers 2200 with steady market. Beeves 6.00 9.60, stockers 5.00 6.50, cows 4.00 6.50, heifers 5.00 7.60, bulls 4.00 5.50, calves 4.00 9.25. Hogs receipts 4000 market 6 to 10 cents lower. heavy 9.85 9.90, medium 9.75 10.75, mixed 9.65 9.75, night 4.55 ort, common 7.50 8.60, pigs 4.50. Sheep receipts 400 market strength at 9.00 9.50 for ewes 6.00 6.65, yearlings 8.50, culls 4.00 5.00, goats 4.25 5.00.
Kansas City grain futures closed with July wheat at 1.01 and September at 1.03 and corn at 0.76 for July and 0.72 for September.
Kansas City reports receipts of hogs and cattle with market moves and price ranges. Hogs trade five cents lower with bulk at 9.80 to 10.10, heavy 10.00 10.10, pigs 9.00 9.60. Cattle receipts total 16,000 including 5,000 southern. market soft to 10 cents lower. prime fed steers 10.25 10.85, dressed beef steers 6.00 16.00, cows 5.00 8.25, heifers 6.00 9.78, stockers 6.75 8.50. Sheep receipts 5,000 and market strong. lambs 9.50 10.75, yearlings 7.50 8.85, wethers 6.50 7.60, ewes 6.25 7.10.
Local packing house quotations list prices for July 10 with dry salt extras at 16c, bacon extras 17c, dry salt bellies 17%c, fancy breakfast bacon 27c, fancy hams 21c, bacon bits 14-1b average 19c, pure lard 14%c, compound 12%c.
Receipts and quotations show hogs at 9.40 to 10.25 for various lots with pigs at 8.75 to 9.60. cattle receipts 8,000 with native beef cattle 7.25 to 11.20 and western steers 8.16 to 9.30. stockers 5.50 to 8.50. cows and heifers 3.65 to 9.65. calves 8.50 to 12.00. Sheep receipts 19,000 with wethers 6.75 to 8.20 and lambs 7.50 to 11.00.
Raw sugar remains steady with centrifugal at 6.52 and molasses at 5.50. Refined products hold firm at cut loaf 8.80, crushed 8.65, and fine granulated 7.65.
D. T. Yaws of Val Verde county sold his fourteen sectional ranch north of Juno to J. Brotherton of Juno for 4.60 dollars per acre and also transferred 2000 head of goats and sheep.
Receipts shown for hogs cattle and sheep with quoted price ranges. Hogs range from 8.75 to 10.20 for various classes, cattle receipts about 500 with prices from 5.00 to 11.35, and sheep with yard steady values from 3.00 to 10.76 for wethers ewes lambs and spring lambs.
New York markets reported firm activity in No. 7 Rio coffee futures. September futures traded at 8.38 cents per pound and December at 8.63 cents, with overall prices showing strength.
San Angelo Texas July 10 Jay Montague sold 1700 yearlings to J H Cooper of Supply Oklahoma at 37.50 dollars each. The yearlings were shipped Saturday.
Spot copper at £84 a ton with futures £82 10s, electrolytic £128. Spot tin £170 with futures £170 10s. Lead £28 and Spetter 44.
The longest game of the season ended in an eight to eight tie after twenty two innings between Rock Island and Hannibal in the Three League. The contest neared the NL and AL endurance records but fell two innings short of the 24 inning mark set by Philadelphia vs Boston in 1906.
United States Steel Corporation reports unfilled orders at 9,640,458 tons on June 30, down 297,340 tons from May 31. The monthly statement, issued today in New York, details the material reduction affecting overall production outlook.
Observations recorded at 8 am on Monday July 10 1916 note wind under ten miles an hour and rainfall under .01 inch. Meteorologist Allen Buell signs the report and adds a reflective quote about newspapers and suffering from what does not happen.
Chicago reports Mrs Geo M Pullman widow of the Pullman car works founder has given 100000 to the St Luke's Hospital building fund as part of a drive to raise 1 million dollars for a 14 story addition. The project aims to more than double capacity from about 320 patients. Hospital president William J Bryson outlined early contributions and the new gift.
A disheveled man bursts into a Boston police station crying for extradition papers after claiming an automobile hit him minutes earlier and that the driver was speeding. He insists on proving the speed excess and seeks arrest warrant and extradition.
Major league recap notes Brooklyn in first in the National League and New York leading the American League. Boston moves past Washington and Chicago as Brooklyn stretches its lead with five straight wins while Chicago slides to fourth. Packard of the Chicago Nationals posts a one hit win over Boston.
Dutch Ludwig pitched a one hitter as the Tigers beat Kelley-Smith of Austin 2 to 0 at New Braunfels. Butler drove in both runs with a double by Victor Roth and a Bergfield single. Austin had just completed a three game win streak against the Fredericksburg Giants.
A London Times informed analysis from Amsterdam experts attributes higher diamond prices to a war driven demand and a rough shortage due to labor cuts in mines. It notes industrial uses for diamonds, from glass cutting to mining, and cites cheaper South African stones as a factor in the price rise.
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