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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 11, 1916
Page
25
The cotton market faces a continued slide as demand remains weak with buyers scarce. Weather is cited as the chief factor influencing prices, trading activity, and future outlook. Cotton merchants monitor rainfall and growing conditions as inquiries stay sparse.
Daily quotations from principal spot markets show a continued decline as outside demand wanes and storm damage recalls reserve funds. Weather remains the dominant factor with rain in the eastern belt and a fair forecast overall. New York and New Orleans opened steady but fell through the morning, then rallied late in New Orleans amid buying, while San Antonio and New Orleans spot prices held near unchanged levels.
The New York cotton market opened slightly higher before weakening as early selling pressed prices. October dipped to about 12.85 while December neared 13.03, later recovering to around 12.90 for October and 13.15 for December as covering and lighter activity limited losses. Export totals reached 14,048.
New York on July 11 reports cotton futures steady with July at 12.87, October 13.61, December 13.16, January 13.20, and March at 13.06. Futures closed steady, with daily highs and lows listed and Liverpool expected to open Wednesday with a 1 to 2 percent drop.
Texas cantaloupes loosen market tightness as California carloads of Muscat grapes lettuce and onions arrive. Cantaloupes sell 1.25 2 and 2.50 per box for 6 8 6s and 4 5s while lemons rise to 4.75 6 per box. East Texas Elberta peaches bring 1.75 to 1.85 per bushel and onpriced notes on fruit quality accompany the morning trade.
Uyers paid various prices for Texas country produce in San Antonio on Tuesday with steady markets. Butter steady at 25 3 cents per pound, country butter 20 2, packing stock 18 1 1/2 cents. Poultry steady with hens 4.40 to 6.60 per dozen, large fryers 4.60 to 5.50, brokers 2.50 to 3.80, turkeys 16 to 17 cents per pound, ducks 4.00 to 5.00 per dozen, geese 4.50 to 5.00 per dozen.
Kansas City dated July 11 reports today’s wholesale prices for dairy poultry and produce. Butter and creamery butter at 2 cents above base, various creamery grades 26 to 75 cents, packing 22 cents. Poultry prices show hens 10 cents per pound, roosters 15 cents, springs 25 cents. New potatoes steady. regional markets from Texas Oklahoma Louisiana steady with small price adjustments.
Chicago reports butter receipts at 18 421 cases with firsts around 22.5 and 22 and a half cents, ordinary firsts near 21 and 2lsc, with prices and lots marked. Potatoes show a decrease with new receipts of 60 cars from Kansas Missouri Ohio Oklahoma Arkansas Triumphs at 0.95 to 1.00. Virginia barreled butter ranges 0.00 to 3.16 and poultry prices see live fowls at 16 to 20 cents, springs at 20 cents.
In New Orleans on July 11 good cables sparked a 2 to 4 point rise at the open, but a fair weather forecast for the eastern belt dulled buying. By midmorning prices were flat to slightly higher, then selling pressured the market 12 points below yesterday's close. Shorts sought profits but offerings remained light. Reports of boll weevil damage in Texas supported some uptick after 1:30, with active months at one point above yesterday's close.
New Orleans opening shows August 12.73 asked and October 12.81, December 12.97, January 13.07, March 18.23 while Liverpool spot cotton offers mixed grades with 6000 bales sold including 5600 American and 29,000 bales received.
Futures closed firmer with July at 7.88, July-August at 7.871, August-September at 7.8314, and further forward contracts listed through June-July at 7.65. The board shows a broad upward tilt across near and distant spreads with slight cent differences.
July prices at 10.60 to 10.70, August 10.41 to 10.43, September 6.30 to 10.31, October 9.42 to 9.44, November 8.58 to 8.60, December 8.50 to 8.53. Sales total 18,600.
Austin July 11 Peter Radford state warehouse manager returns from northern Texas delivery tour on the permanent warehouse law. He reports generally good crop conditions but boll weevils have reduced cotton acreage in several northern sections and rain is badly needed for corn in several areas.
Kansas City stockholders and directors meeting was postponed from July 11 to July 18 at the railroad's general offices. No reason given. It is expected officers will be elected at the rescheduled session.
The Omaha Grain Exchange asked the Interstate Commerce Commission to direct the Rock Island railroad to readjust grain rates from Omaha to Texas Oklahoma Arkansas and New Mexico.
Chicago July 11 Black rust reports increasing in number had a bullish effect on wheat with opening prices up then retreating. July and September futures showed modest gains before a general decline. Corn and oats followed mixed patterns as bear rhetoric tempered gains. Carlot prices in San Antonio quoted grain and hay at varied per ton and per bushel levels.
Wheat prices show No 2 red new at 1.14 to 1.19 a bushel and No 2 hard old at 1.09. Corn quotes list No 2 at 81 cents and No 2 white at 61 1/2 cents. Oats prices include No 2 at 40 to 42 1/2 cents and No 2 white nominal.
Kansas City market notes show wheat at No 2 hard about 1.03 to 1.08 dollars per bushel, No 2 red near 1.02 to 1.08. Corn values for No 2 mixed and No 2 white around 76 cents. Oats No 2 white quoted at about 41 to 42 cents.
Grain futures ended mixed in Kansas City with Wheat for July at 1.01 and September at 1.93. Corn figures for July and September appear garbled, but show gains and volatility in the latest trading session.
Wheat values for No 2 red No 2 hard at 1104 and 1.10 percent. Corn No 2 yellow at 80 8lc. Oats standard at 42 42 cents. Barley at 68 80 cents.
Dry salt extras 1c per unit and 17c for bacon extras. Bacon bellies 14-16 pounds average 17c. Fancy breakfast bacon 27c, fancy hams 2lc, bacon bellies 14-16 pound average 19c. Raw sugar steady in New York with centrifugal at 6.40 and molasses 5.63. Refined steady with cut loaf 8.80, crushed 8.65, fine granulated 7.65.
A small scene at a Wiltshire railway station shows soldiers in khaki with puttees waiting for a train while an elderly couple watches. The wife whispers her confusion about how the soldiers fit into their tight trousers, prompting a brief, puzzled reaction from the man.
New York reports steady raw sugar markets on July 16 with centrifugal at 6.52, molasses at 5.50, and fine granulated at 7.65, while overall prices remain unchanged from earlier levels.
Union Stock Yards notes a steadier local livestock market with lighter receipts. Cattle and hog prices stay flat from Monday, hogs in stronger demand with tops near 9.74, cattle slow to steady. receipts listed for cattle calves hogs horses. Port Worth live stock data shows cattle receipts around 5000, hogs 1500, sheep 1000 with varied price bands across classes.
Receipts and prices for hogs cattle and sheep listed with ranges. Hogs steady with mixed and butchers at 9.90 to 10.20, cattle receipts about 7000, market steady with native beef steers at 7.50 to 11.20 and prime yearling cattle 8.75 to 10.26, stockers 5.50 to 8.50, Texas Oklahoma steers 5.50 to 9.90, cows 5.60 to 8.25, calves 6.00 to 11.75, sheep receipts 6000, market strong with wethers 6.00 to 8.00, clipped ewes 4.00 to 8.00, clip lambs 6.90 to 16.80, spring lambs 7.00 to 16.80.
Kansas City stock prices show hog receipts at 13,000 with markets steady to lower. Cattle receipts 12,900 including 600 southerns, market weak. Prime fed steers to $10.75, dressed beef steers to $9.75, southern steers $6.00 to $9.50, cows $5.00 to $7.75, heifers $6.00 to $9.50, stockers $6.50 to $8.25. Sheep receipts 6,000, lambs $9.50 to $10.75, yearlings $7.50 to $7.50, wethers $6.50 to $7.50, ewes $6.25.
Receipts and hogs show a slow market with bulk hogs at 9.75 to 10.05, light to 10.05, mixed 9.50 to 10.05, heavy 9.40 to 10.20, pigs 8.10 to 9.60. Cattle receipts about 3000 with weak market. native beef $7.20 to 11.20, western steers 8.15 to 9.30, stockers 8.50, cows and heifers 3.65 to 9.65, calves 8.50 to 13.00. Sheep firm. wethers 6.80 to 8.30, lambs 7.50 to 11.10.
Oklahoma City market notes show cattle receipts at 1760 with steady prices and hogs at 1400 with a drop to 9.85 top. Various consignments from Hill Chickasha Wray Pearsall and Addington set prices from 4.75 to 7.30 per unit. New York coffee futures for No. 7 Rio sit around 8.29 for September and 8.42 for December.
The Cotton Region Bulletin reports 24 hour rainfall and weather in the Houston district until 8 am. Temperatures run above normal with rainfall exceeding an inch at several locations including Newnan Georgia Hamilton Washington Ga Greenwood St George B C Huntsville Texas Clinton Louisiana Chattanooga Tennessee Aberdeen Mississippi Columbus Mississippi Macon Mississippi Birmingham Montgomery Anniston and Clanton Alabama.
A dense wholesale price sheet lists Texas and California vegetables and fruits with per unit costs. Items include potatoes, onions, tomatoes, celery, cabbage, peppers, carrots, turnips, lettuce, cucumbers, cantaloupes, watermelons, greens, apples, bananas, lemons, limes, peaches, and grapes. Prices shown per dozen, per hundred weight, per crate, or per box, with regional origin notes.
New York July 11 feverish liquidation of war stocks continued today with Industrial Alcohol erratic rising to 21 points from yesterday. American Coal Products fell about 8 points then more than 11, Studebaker down six, while Marine preferred, Metals, Balls, and U S Steel were steady. Bethlehem Steel sank 73 points General Chemical down six and copper prices increased activity. Overall, declines persisted into the final hour with general heaviness and greater market steadiness in some issues.
Maritime market update from Galveston and New York lists freight and metal prices. Includes Neglan of Liverpool sailing, New York manganese, lead at $6.50 asked, spelter dull, copper steady around $25 to $29, iron unchanged, tin spot at $39.00.
Lead quoted at 28 pounds. Spel ter 44 pounds. Spot copper 88 pounds futures 86 pounds. Spot tin 168 pounds and 1 cent futures 169 pounds. Prices reflect trading conditions in London with modest shifts across metals.
Money markets report trading in Mexican money in San Antonio with Mercantile paper at 4 percent. Sterling exchange shows sixty day bills at 4.72, demand 4.75, cables 4.76 7-16. Guilders demand 41 7-16, cables 41%. Six months time loans at 5 percent. Bar silver at 0.1. Mexican dollars quoted at 46 1/2 cents. Government bonds steady. railroad bonds heavy. 60 and 90 day loans 4 percent.
New York July 1 report shows dress ginghams priced yesterday for spring 1917 at nine cents for Amoskeag book fold chambray down from last year six percent. Raw silk also higher and more active than last year.
The Southern Pine Association weekly review reports New business booked at 62,832,826 feet, shipped 61,166,340 feet, and orders on hand totaling 368,804,888 feet as of close of business Friday in New Orleans. An unrelated quote about a woman's idea of an entertaining man, who says nothing and listens, follows.
The document records officers at Fort George Wright and related posts being assigned, relieved, or retiring. It notes retirements of Captain Nathan J. Shelton and Captain Uyleses C. Grant III, plus numerous transfers within Coast Artillery, Field Artillery, and Infantry commands. It also mentions examination boards and a quatermaster reorganization.
A Country Gentleman excerpt recounts a farmer remarking that a young man who shot on his land had luck after nearly hitting the farmer’s best shorthorn. The farmer insists the youth did have luck. A second quip features a joke about a colonel's wife being angry over a dinner invitation, with Bertie explaining the situation.
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