E Movement in Cotton Shows Irregular Lines
Irregular lines appear in cotton movement with southern spots remaining steady as activity shifts. Field notes indicate uneven fiber flow and regional variation in lint transport during the period.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 15, 1916
Page
7
Irregular lines appear in cotton movement with southern spots remaining steady as activity shifts. Field notes indicate uneven fiber flow and regional variation in lint transport during the period.
Spot cotton markets show firming or slight declines as the July 10 session reports a North Mississippi weather shock from Memphis. Prices in New York and New Orleans edge up while Texas and San Antonio wire reports show demand and pressed buying. Middling and lower grades traded with mills and ginners adjusting on the day’s activity.
Rain and cloudburst in the South Atlantic states trigger scattered buying in the New York Cotton market. Prices opened steady with minor gains, selling months including May and December around 13.03 to 13.20, closing within a point of best after late-session activity.
York notes a calm session with July at 12.85 and near terms showing small ranges. Quotes listed include October 12.98 December 13.18 January 13.19 and March 18.40 with closing steady and eleven oclock call indicating market open Monday.
In Orleans Louisiana on July 15 the cotton market steadied after a sluggish session as buyers reemerged and shorts covered. Active months firmed from yesterday's close while heavy selling in the South faded late with prices up about 6 to 7 points.
Cotton market in Orleans shows opening bids with August at 12.66 and 12.75 for December, 12.91 for January, and 13.20 for March. The data includes daily highs and lows and a closing figure, reflecting fluctuating prices across contracts.
IRPOOL July 15 cotton spot in demand and steady prices with American grades listed. Futures close July 16 show slight declines across August to December. cotton seed oil closing prices reported for York and other months with several dollar shifts.
About 150 representatives of Mexico's oil industry met in Mexico City to discuss regulation of company relations with the government. They agreed on a new annual tax of 450 pesos and decided to establish a petroleum society to foster industry growth and seek a peaceful solution to current difficulties.
Produce Row markets expect Elberta peaches to be on hand for Monday's opening amid fears of a crop shortage. A carload sold at $1.50 a bushel after arriving Saturday. California lettuce and cantaloupes also support the market. Militia encampment at Fort Sam Houston boosts activity with commissary sergeants surveying offerings.
In New Orleans on July 165 rough and clean rice held steady with no galog receipts and unchanged quotations. Cotton statistics show Ralee Stock yesterday and same day last week. The deficit this season remains noted amid quiet trading.
The bulletin notes unsettled weather across the Houston district with near normal temperatures. Rainfall exceeds one inch at Molly Springs Waycross Greenvale and Spartanburg and totals rise significantly in the Carolinas with Florence and Cheraw above nine inches. Observations recorded at 8 am note low wind and minimal precipitation.
Weather in the northwest raises black rust fears as North Dakota fields show widespread rust on stalks. Wheat prices rise with July at 1.08 number? and September near 1.99 to 1.13, while corn also climbs on scorching Missouri Kansas heat. hogs drag down provisions.
Carlot buyers in San Antonio reported prices for corn oats and hay. Corns ranged at Texas No. 3 84 14 c average mixed and Northern No. 3 white around 864 c. Oats Texas No. 3 red 41 c. Hay prices cited include mile maize No. 3 bulk 1.15 dollars feterita No. 3 bulk 1.15 Kaffir corn No. 3 bulk 1.15 cane hay 11 per ton prairie hay 10.66 per ton Johnson cross 11 per ton alfalfa choice pea green New Mexico 16 per ton.
Quotations show Wheat No 2 hard at 1.07 to 1.14 and No 2 red 1.09 to 1.18. Corn No 2 mixed 78 to 79 cents and No 9 white oats No 2 white 41 to 42 cents. Grain futures closed with Wheat July 1.05 and Sept 1.07. Corn July near 73 cents and Sept 73 plus.
Market brief reports wheat corn and oats prices from St Louis and Chicago. Prices show No 2 red and No 2 hard for wheat listed near $1.18 to $1.23, corn No 2 yellow around 80% to 81 cents, oats and barley with standard oat quotes about 43 to 46 cents.
Chicago July 16 Quotations show pork and lard futures with open high and low prices listed for July September contracts. Local packing house prices noted for dry salt bacon extras and bacon bellies along with lard and compound lard rates.
State Pure Food Commissioner Robert H Hoffman reports dozens of eggs stored in cold conditions are under scrutiny. Chemists and Dr Malcolm Graham, state bacteriologist, conduct standard tests and bacteriological analysis to determine fit for sale and may seize eggs not meeting requirements.
Brief market note on cotton pricing in New Orleans with snapshot figures and trends. Highlights focus on current price levels, nearby contracts, and observed shifts in comparable markets. Prices referenced reflect prevailing market activity and regional factors impacting supply.
Prices from San Antonio show butter at 25 3 4 cents per pound and country goods, poultry, and ducks with hens 34 to 50 cents per dozen, large fryers 4 50 to 5 50, turkeys 16 to 17 cents per pound, geese 4 50 to 6 00. Kansas City reports Butter at 28 cents creamery, roosters and springs 25 to 26 cents, New potatoes steady, and regional crops steady in several states.
Chicago buyers note varied butter receipts totaling 13 116 cases with price marks near 22 22 per cent and 21 21 per cent. Potatoes show new receipts with mixed Kansas Missouri Ohio Virginia offerings and a Virginia barreled lot priced at $2 00. Poultry markets report lower live fowls and spring birds at 21 to 24 cents.
Chicago buyers posted 13 000 hogs in slow trading with prices $9.25 to $10.05 for various weights and classes. Cattle receipts reached 300 with natives $7.10 to $11.00 and stockers $6.40 to $8.40. Sheep saw 6000 head weak with wethers $6.85 to $8.40 and lambs $7.60 to $10.85.
Receipts totals include 1000 hogs and 300 cattle with steady demand. Prime fed steers range 10.00 to 10.60, dressed beef steers 7.50 to 9.90, cows 4.75 to 7.75, lambs 10.00 to 10.80, yearlings 7.75 to 8.25, ewes 6.75 to 7.40, with steady tones in overall market.
July 15 at Union Stock Yards Kansas City there was no trading and the market was a near holiday. Cattle and hogs were in light offerings with buyers awaiting better prices while choicest stock remained in high demand. Receipts totaled cattle 98 calves 1 hogs 17 horses 77 and today’s market showed nominal activity with expectations of improvement next week as rains reach ranges.
In New York on July 15, markets showed a narrow trend with liquidations among specialties. Tennessee Copper slumped three points to a two year low, dragging others lower before losses were largely reversed. United States Steel held firm while Bethlehem Steel climbed nearly ten points and rails stayed firm. Shipping shares and Mexicans traded flat as Sears Roebuck advanced five points. The day closed irregular with steady bonds.
Money markets in New York show mercantile paper at 4 percent. Sterling rates include 60-day bills at 4.71 and demand at 4.75 11-16, with cables at 4.767-16. Guilders trade around 417-16 on demand and 419-16 on cables. Bar silver at 61 1/4 cents per ounce and Mexican dollars at 47 1/4 cents. Government and railroad bonds hold steady.
Hogs receipts 7000 with varied prices across categories. Pigs and lights to $9.89, mixed and butchers up to $9.95, prime yoing and heavy hogs near $10. Cattle receipts 350 with steady tone. native beef steers $7.59 to $11.00, yearlings and calves 5.50 to 11.75, prime southern and stocker ranges noted. Sheep receipts 600 steady. wethers 6.00 to 8.00, clipped ewes 4.00 to 8.00, lambs 6.00 to 10.35.
New York coffee market notes steady futures with No 7 Rio at 9 1/2 cents per pound. September futures quoted at 8 37 and December at 8 50, reflecting muted price movement on this trading day.
Weekly statement shows clearing house banks and trust companies hold 95,100,470 in excess reserves above legal requirements, up 41,563,410 from last week. Loans total 8,188,833,000 with declines in several categories and circulations at 31,513,000.
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