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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 14, 1916
Page
13
Rain and storm damage increase costs for cotton fields, lifting prices for farmers. Improved yields and market demand support producers as weather relief measures take effect. Strong entity activity includes buyers, lenders, and regional agricultural agencies adjusting plans.
Quotations from the principal spot cotton markets are supplied daily as a basis for buying in the country. The middling grade is quoted at the market price for delivered cotton, with users specifying otherwise.
Cotton futures rose in New York and New Orleans amid storm concerns in the eastern belt and firmer demand from spinners. July and December contracts traded with modest gains before easing. the market remained steady as the week opened. Local San Antonio prices showed strength in middling and good ordinary grades.
The New York cotton market opened steady with an early 6 to 10 point rise on covering and firm buying driven by fears a South Atlantic coast storm could push futures higher. October and December futures fluctuated around the prior close, slipping and rallying through the first hour as trading remained quiet and prices edged slightly up.
New York reports mixed cotton futures with July at 12.88 and October at 13.00 while near month and next contracts show slight moves. The messy OCR text confirms steady closes amid a thin reporting period with several figures partially garbled.
A partial transcription shows an eleven o'clock call for New York markets with figures like 12.82 12.83 and 42.06 32.97 percent, indicating closing levels and percent changes though the text is garbled and incomplete.
NEW ORLEANS La July 14 Good crop and a favorable census report on American consumption prompted moderate buying on the cotton market today. After opening the most active months rose 8 to 9 points over yesterday. Short covering and rumors of spinners buying kept prices higher toward noon with a net rise of 8 points. In the afternoon June and July contracts held gains about 6 points over yesterday's close amid a tighter money market.
Cotton futures opened steady in New Orleans with early bids showing August at 12.68, October 12.73, December and January around 12.01 to 13.91, and March near 12.84. Trading showed small range shifts across the day with varied highs and lows as bids updated.
Spot cotton in Liverpool remains steady with middling prices around 8.17d to 7.86d. Trade notes 6000 bales traded, including 4000 American receipts and 5000 bales in total.
In Verpool on July 14 futures closed at African levels for several month spreads with July 7.89194 and August 7.894 followed by September 7.88144 and October 7.8. December-January 7.744 and January-February 7.72.
Weekly cotton sales show Italian mills purchasing 65 000 bales, American shipments totaling 666 000, with further American sales at 552 000. Other notes list 94 000, 89 900 and 2 300 units in various ports.
Market quotes show creamery milk at 28 cents with firsts 26 cents and seconds 28 cents. Poultry notes list hens 16 cents and roosters 25 cents. Potatoes steady while Texas Oklahoma and Louisiana triumphs 65 cents and Oklahoma shows steady 65 cents.
Arrival of carload lots of California cantaloupes lettuce and lemons eased a shortage in the produce market Friday. Cantalo uples $1.26 to $2 a crate lettuce $3 for four dozen and lemons $5.50 a box. Potatoes up 15 cents per hundred and live poultry shipments to New York held prices with plentiful receipts.
The Census Bureau reports June cotton use at 670,466 bales, eleven-month total 5,906,039 bales, versus last year. On hand in consuming establishments 1,824,620 bales and in storage 1,529,636. spindles active 2,259,396. exports 646,458 for June and 5,708,989 for eleven months. imports 16,100. linters data not announced.
Wholesale markets list prices to retailers and shippers for produce. Potatoes onions tomatoes celery cabbage peppers sweet peppers beets green beans squash carrots turnips chili peppers lettuce parsley iceberg lettuce spinach cantaloupes corn cucumbers apples bananas oranges lemons limes peaches grapes plums kraut apricots dried fruits and canned goods with varied prices by region and grade.
New York on July 14 reports closing prices for cotton seed oil futures with July at 10.60 10.70, August 10.42 196.44, September 10.28 410.30, October 89.414 9.44, November 8.61 78.62, December 8.52 8.54. Sales totaled 19,800.
United States Department of Agriculture weather bulletin records morning observations from July 14 1916. Wind speeds under ten miles per hour and precipitation under .01 inch are not published. Meteorologist Allen Buell signs the notice.
Openings for wheat fell 14% to ¾ cent with July at 1.09 and September 1.11. A later rally followed by rust concerns pushed futures higher before closing heavy for the day. Corn dipped on rains but recovered slightly as shorts covered. oats held steady. Provisions weakened with the hog market.
Buyers paid varied rates for grain and hay in San Antonio on Friday. Corn and oats prices are listed by grade and color while hay includes cane, prairie, Johnson grass, alfalfa and kaffir corn with per ton and bulk prices.
Price rundown from New Orleans shows current cotton levels with market effects and brief notes on supply and demand dynamics for the period. Traders watch futures, futures margins, and regional harvest impacts as prices shift.
Reports from San Antonio show 2,615,000 pounds of wool sold in two weeks with about 1,000,000 pounds remaining. Deals include Del Rio Bank to H. D. Stokes and Peterson Company to James McGuirk of Boston for various lots priced around 23 to 29 cents per pound. Wool Growers Central Storage lines up 1,000,000 pounds of 12 months and 660,000 pounds of 6 months at mid 20s cents, with several other transfers to Philadelphia and Boston buyers.
July 14 cattle sales list buyers from Sanger Comanche Bloomington and others. Beaees Av. Wt Prices include H C Drummond 10 head at 680 lbs $8.00. G Montgomery 101 stocker steers 634 lbs $6.40. T Traylor 30 cringe ewes 262 lbs $6.50.
Receipts today show cattle at 1500 head and strong activity. Hog totals reach 2290 head with prices around $9.50 per cwt, while average weights and vendor names such as Martin Comanche and Reese & Co. Saginaw appear in the day’s sales. Top steers bring about $7.40 with Hood Bros. of Mill Creek noting 854 pounds at $7.40.
Quotations dated July 14 show No 2 hard wheat at 1.06 to 1.14, No 2 red at 1.09 to 1.16, No 2 mixed and No 2 white corn around 0.77 to 0.18 with No 2 white at about 0.41 to 0.42.
In Kansas City on July 14 grain futures posted gains for wheat with July at 1.02 percent and September at 1.04 percent, while corn saw a July gain of 76 cents. September corn price was reported as Tlige.
Trading centered on special stocks today with motors and equipment leading gains from fractions to over a point. Industrial Alcohol fluctuated then recovered. copper advanced and U S Steel held firm alongside rails and Moenxi cans. Light trading continued with short covering and late rallies as pressure eased and closing was strong.
Mercantile paper sits at 4 percent while time loans run 4 1/4 percent. Sterling rates show 60 day bills near 4.31 to 4.31 and demand at 4.76. Silver is around 62 1/2 cents per dollar with Mexican dollars at 48 1/2. Government bonds hold steady though railroad bonds are irregular. Call money available at 8 percent high and 2 percent low with a ruling rate near 1 percent and last loan at 3 percent.
Fort Worth Texas cattle receipts 2500 steady with steers 6.00 to 8.50 cows 4.00 to 6.00 heifers 5.00 to 8.50 bulls 4.00 to 5.25 calves 4.00 to 8.50 Hog receipts 1200 lower with bulk 9.65 to 9.77 top 9.89 Sheep receipts 160 steady lambs 9.00 to 9.75 yearlings 5.00 to 8.00 wan ers 6.75 to 7.25 ewes 6.00 to 6.75 goats 4.50 to 5.50.
Temperatures near normal and unsettled conditions prevail across stations in the Houston district for the 24 hours ending 8 a m. rainfall exceeded one inch at Nashville Tennessee Tuscaloosa Alabama and Florence South Carolina. A German inventor claims a glass bottle blowing machine runs at 2000 bottles per hour.
Quotations for wheat corn and oats from St. Louis on July 14 show No 2 red wheat at 1.17 to 1.22 dollars, No 2 corn at 78 12 to 80 cents, No 2 white corn at 1.00 to 1.04, and oats steady with No 2 at 40 cents and No 2 white nominal.
Kansas City market report shows hog receipts 30060 with prices 5 to 10 cents lower. Bulk 9.65 to 9.90, heavy 9.85 to 9.95, light 9.60 to 9.85, pigs 9.00 to 9.40. Cattle receipts 800 with strong demand. prime fed steers 19.00 to 10.60, dressed beef steers 7.50 to 9.96, southern steers 6.00 to 8.50, cows 4.75 to 7.75, heifers 8.00 to 9.50, stockers 6.25 to 8.25. Sheep receipts 8000. market strong. Lambs 10.00 to 10.80, yearlings 7.75 to 7.25, wethers 7.25 to 7.75, ewes 6.75 to 7.40.
Quotations from Chicago on July 14 show No 2 red and No 2 hard wheat at nominal levels. No 2 yellow corn quoted at 80 or 80 1 2 cents. Oats standard at 42 1 2 cents.
July 14 Chicago market quotes note Pork open high low close values for varies cuts. Lard ribs and bacon items shown with monthly September figures and local packing house quotations for Friday trades. Dry salt extras bacon extras and breakfast bacon prices listed with lard and hams details.
Buyers paid listed rates for country produce in San Antonio Friday. Ekas and Texas country candled items steady. Texas creamery at 25 3 per pound. Poultry steady with hens at 4.50 to 5.00 per dozen, large friers 4.50 to 5.50, broilers 2.50 to 3.50, turkeys 16 to 17 cents per pound, ducks 4.00 to 5.00 per dozen, geese 1.50 to 5.00 per dozen.
Chicago July 14 receipts show hogs 19060 slow market with bulk 9.65 to 10.00 and pigs 8.10 to 9.60. Cattle receipts 2000 steady with native beef 7.10 to 11.00 and western steers 8.10 to 9.25. Sheep receipts 9000 weak with wethers 6.85 to 8.40 and lambs 7.50 to 10.85.
Receipts show 60600 hogs and 1200 cattle with a steady to lower tone. Heavies reach 10.95, prime steer values near 9.70, cows up to 8.25, and sheep steady with lambs and ewes in the 4 to 10 dollar range.
Butter and eggs show weaker receipts with 14 109 cases of firsts around 22 cents. Potatoes fall on new arrivals of 40 carloads from regions including Arkansas Oklahoma and Illinois. Poultry prices ease for alive stock and fowls. Ends with a quip about Romans and baseball from the Baltimore American.
Lead prices were offered in New York markets on July 14 as traders watched overseas markets and supply tensions. Buyers showed limited interest while producers held firm on position, keening toward steady to higher values in early trading.
London report lists lead at 28s 8d and 47 spot copper pounds sterling. Electrolytic copper 124 pounds 10s, Spottin 169 pounds sterling, futures 169 pounds 15s.
In New York on July 14 raw sugar held at $6.40 a cent, centrifugal. molasses $5.83. refined sugar steady with fine granulated at $7.65.
Turpentine firm shows regulars 4519 48 with sales 279 receipts 662 shipments 2 stock 1462 while a resin firm posts sales 1695 receipts 1866 shipments 214 and stock 70426 Quotations list several grades with prices from 6.15 to 6.88 and weekly outlooks through 6.80 OT M N W.
New Orleans trade notes show rough rice steady and clean rice quiet with no receipts and firm prices. Sales for clean Honduras quoted at 1746 with no additional bids or transactions reported.
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