Liverpool Cable Prices Rise With Superior Lines
Early reports show higher prices for better Liverpool cables as market shifts. Weather may be settled, but consumers face increased costs for premium products.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 13, 1916
Page
11
Early reports show higher prices for better Liverpool cables as market shifts. Weather may be settled, but consumers face increased costs for premium products.
The Cotton Exchange reports better but quiet trading in New Orleans and New York with mixed futures. Cables, weather news, and fears of storm damage influenced sentiment as spot demand remained a key driver. Prices in New York and New Orleans closed mostly steady to modestly lower with occasional gains in early trading.
Cotton futures opened quiet with early prices modestly higher on cables and Liverpool buying interest for March. By noon steady to easier, December around 13.09 with cautious trading as weather and storm news buffered activity.
In New Orleans on July 13 cotton futures advanced 2 to 6 points in the first half hour as traders cited moderate buying, good cables, scattered rains in the eastern belt, and reports of excessive moisture from many regions. Prices moved to 4 to 6 point gains toward noon, then eased to 3 points below yesterday's close by 1:20 PM amid a weaker Bank of England rate and afternoon selling.
In New Orleans on July 13 cotton opened steady with bids around 12.71 for July and 12.79 for October while prices closed steady. Liverpool futures closed lower with spot prices easing and July 7.87 pence and May futures extending around 7.65 pence per pound, reflecting a quieter market.
The Senate passed an annual cultural bill of about 60 000 in a form close to its initial version. It funds grain inspection and warehouse licensing and imposes a two cent per pound tax on cotton sold for future delivery. The move clears the way for the large naval bill delaying other business.
Cartloads of fresh fruits and vegetables from California and Texas were delayed by government troop movements and train routings. Peaches from East Texas faced shortages with only six of expected 25 carloads arriving. Prices rose locally while retail costs fell slightly overall in 1915 compared to 1914 according to a U S bureau of labor report.
Wholesale prices to trade list Texas and California produce including potatoes onions tomatoes celery cabbage peppers and melons with per hundredweight per crate per bushel figures. Also lists canned goods flour meats coffee rice nuts dried fruits and Hides Tallow Beeswax with varied weights and terms.
New York stock brief notes a temporary halt in liquidation with gains in Industrial Alcohol and shipping, while war shares like Crucible Steel and American Locomotive rise. United States Steel and others show fractional gains but declines intensify in Willys-Overland and several industrials before the close remains weak.
Reports of broadened European demand for American wheat lifted prices amid bullish sentiment. News noted fear of domestic spring crop damage, with weather concerns in the northwest and black rust threats. July and September futures rose before paring gains. corn followed wheat higher while provisions lacked support. Local quotes in San Antonio showed mixed grain and hay prices.
N D Zuber entomologist for the Texas Department of Agriculture returns from the John M Green ranch in Dimmit County after sap inspections of prickly pear. He cites insects and disease as major damage along with field rats as a probable key factor. Specimens sent to Austin for analysis to identify the causal agent.
Washington July 13 The Senate blocked southern lawmakers efforts to lift the cattle tick ban and allow importing tick Infested cattle from Mexico and Central America. An amendment to exempt the southern line was struck from the agricultural appropriation bill by 81 to 27. Underwood’s later suspension motion failed 44 to 18.
Kansas City market notes show Wheat prices at 1.06 to 1.15 for No 2 or better. Corn bids range 77 to 78 cents for No 2 mixed and white. Oats No 2 white quoted at 41 to 42 1/2 cents.
July 13 reports show 63 cars quarantined in Kansas City with prices up about ten cents. Oklahoma City receipts totalled 1000 cattle steady and 1200 hogs ten cents higher, top 9.85, with prices listed for several lots including Bryce Washington and F Thomas.
In Kansas City on July 18 grain futures closed with Wheat at July 1.04 and Sept 1.05, Corn at July 0.55 and Sept 0.71.
Quotations in St Louis on July 13 show wheat at No 2 red 1.16 to 1.22 per bushel, No 2 hard nominal. corn No 2 80 cents, No 2 white 96 cents. oats No 1 89 40 cents, No 2 white nominal.
Quotations list for Chicago market on July 13 shows No 2 red and No 2 hard wheat at 1.11 dollars, No 2 yellow at 79 to 80 cents, oats standers at 41 ½ cents, and barley at 64 to 80 cents.
Quotations from Chicago markets show pork, lard and rib futures with high and low ranges and September delivery notes. Prices listed include pork around 24.80 to 24.85 and lard near 12.32 to 13.42, with rib figures shown for July and September deliveries.
Union Stock Yards reports dull business with a steady tone as light receipts weigh on prices. Hog demand shows a rare uptick with tops at 9.75 while cattle and calves remain steady. total today includes 178 cattle, 178 calves, 402 hogs and 608 horses.
Marine intelligence from Galveston reports a British steamer named Pesos sailing to Liverpool with a stop at New Orleans, sent on July 13.
Fort Worth Texas reports cattle receipts at 4500 with steady prices. Cattle values include stockers to 6.50, cows to 6.50, heifers to 7.50, bulls to 5.50, calves to 8.50. Hog receipts 3000 with bulk near 9.65 to 9.80 and assorted weights up to 9.85. Sheep receipts 600 with lambs at 9.75, yearlings 8.75, wethers 7.26, ewes 6.75, goats 5.50.
Receipts and quotations for hogs cattle and sheep at St Louis show hogs 8000 head market higher with pigs and lights 8.75 to 10.00 and prime heavy 10.00 to 10.90. Cattle receipts 2500 market steady with native beef steers 7.50 to 11.20 and prime southern steers 9.00 to 10.00. Sheep receipts 4000 market steady with wethers 6.00 to 8.00 and spring lambs 7.00 to 10.80.
Receipts and prices show hogs at 7000 head with bids up ten cents. Cattle receipts around 2000 with prime fed steers near 10.05 and cows 4.50 to 7.75. Sheep receipts about 2000 with lambs around 10.00 and yearlings near 7.75 to 8.35.
Buyers paid steady prices Thursday for country goods in San Antonio. Butter and Texas dairy products remained firm with creamery butter at 25 2%¢ per pound and country butter at 20 26c. Hens at 4.50 per dozen. large fryers 4.50 6.50. broilers 2.50 3.50. turkeys 16 17c per pound. ducks 4.00 5.00 per dozen. geese 4.50 5.00.
Dry salt extras 16c and bacon extras 17c listed for Thursday. Dry salt bellies 14 to 16 pounds average 18c, fancy breakfast bacon 27c, fancy hams 7c. Bacon bellies 14 to 16 pound average 19c. Pure lard 14c and compound lard 12c.
Mercantile paper 4 percent. Sterling bills for 60 days at 4.71 percent. Demand 4.75 11-16, cables 4.76 7-18. Guilders demand 41 7-16, cables 41's. Bar silver 62 1 2. Mexican dollars 48 cents. Government bonds steady. Railroad bonds heavy. Time loans easier with 3 percent for 60 and 90 days, six months 4 4 percent. Call money easier, high 4 percent, low 3 percent, ruling rate 4 percent, last loan 3 percent, closing bid 2 1/2 percent, offered at 3 percent.
Texas savings departments in 28 banks held total resources of 3 854 769 69 at June 30. First liens on real estate total 2 751 018 58 with 210 162 in city and school bonds. Liabilities include 3 806 984 due to depositors and 37 817 undivided profits. Cash reserve 756 898 46, exceeding legal requirements by 198 906 54.
London reports bar silver at 29 4d per ounce and money at 4 4% per cent. Discount rates hold at 5% for short bills and 3 months 5 4% per cent.
Lead listed at 6.50 with 6.50 asked while Spelter stays dull. Copper and tin show activity with electrolytic copper quoted at 25.29 and spot tin at 38.00 39.00. Iron and tin remain steady. East St. Louis delivery cited in the report.
Receipts total 17 000 for bulk light mix ed and heavy hogs with mixed prices. Cattle receipts 3 000 with native beef, western steers, stockers, and calves listed with price ranges. Sheep receipts 9 000 with strong market as wethers and lambs show gains.
Field workers and inspectors with Commissioner Fred W. Davis hold talks in Austin about upcoming cotton season operations and broader farm product marketing strategies.
New Orleans on July 13 reported a quiet rice market with unchanged quotations. Clean Honduras sold 700 pockets at 2 3/4, with no activity in rough rice. Bran and polish remained unchanged.
New York reports raw sugar steady at centrifugal 6.40 and molasses 5.63 with refined also steady. Cut loaf 8.80, crushed 8.65, fine granulated 7.65.
London metal prices list lead copper and zinc values in pounds sterling for spot and futures. Lead at 28 pounds 5s, speller 45 pounds 5s, spot copper 108 pounds, futures 0, electrolytic 125 pounds, spot zinc 169 pounds 15s, futures 170 pounds 15s.
Butter firm 234 27s at 13 cents per pound with 15062 cases received. Eggs lower 22 22 1/2 cents for firsts and 21 21 1/2 for ordinary firsts. Potatoes down as cw receipts reach 65 cars. Regional prices listed for Arkansas Oklahoma Triumphs, Kansas Missouri Illinois Ohio Kentucky Tennessee Cobblers and Virginia bulk. Poultry alive up with fowls at 18 cents and springs at 21 2 cents.
Cotton goods and yarns remained firm in New York markets on July 13. Worsted yarns were quiet and steady while buyers booked large volumes of manipulated wool and worsted fabrics for spring men wearing apparel.
Turpentine firm 4544 reports sales 2862 receipts 414 shipments 224 stock 13961. Resin firm posts sales 588 receipts 1410 shipments 608 stock 68. Prices listed include A B C E F 6.10, H K M 6.15, n 6.25, w G 76.60, W W 6.76.
In Duluth on July 13 linseed cash prices show 201 201 percent for July 2004s and September 201%. The fragment suggests a market report with figures for linseed prices though details are incomplete.
Quotations to Gay list butter prices for creamery and firsts and seconds, packing and other dairy, poultry values for hens roosters and springs, new potatoes steady, and prices for Texas Oklahoma and Louisiana Triumphs and Kaw Valley early Ohlog steady between 60 and 65 cents.
New York July 13 reports coffee futures holding steady with No.7 Rio 3% futures unchanged. September and December contracts quoted around 32 and 8.4 respectively. The day notes an odd aside from the Baltimore American about wedding attire, citing a novelist's bride and book muslin in a light, quoted exchange.
New York July 13 closing prices for cotton seed oil listed for July through December delivery ranges with small bid offers. Notable figures include July at 10.75 to 10.76 and December around 8.63 to 8.64 with sales totaling 7 800.
The Cotton Region bulletin reports fair weather overall with some rain in Southwest Texas. Temperatures near normal and rainfall of an inch or more observed at Demopolis Clanton Ala Allee and Beeville Texas. Allen Buell Meteorologist Weather Bureau.
The Commerce Department reports total U S foreign trade for the year at 6 525 billion with exports 5 245 billion and imports 1 280 billion. War munitions dominated exports while iron and steel and explosives show large gains. Cotton, wheat, meats, and oils also figure prominently in the totals. Principal imports include sugar hides wool coffee and raw wool.
The report notes light winds under ten miles an hour and precipitation under .01 inches. Meteorologist Allen Buell states these measurements are not published here.
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