Cotton Prices Ease on Favorable Weather
Market notes show cotton prices slipping as ideal growing conditions reduce crop risk. Analysts see demand steady while futures drift lower amid favorable harvest forecasts and ample supplies.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 18, 1916
Page
13
Market notes show cotton prices slipping as ideal growing conditions reduce crop risk. Analysts see demand steady while futures drift lower amid favorable harvest forecasts and ample supplies.
Daily quotation report shows middling cotton and regional prices for delivery to market compresses in San Antonio Houston Galveston New York and New Orleans with Liverpool trade activity. Weather concerns west belt influenced selling while spot buying and tropical disturbance news aided late gains.
New York cotton traders judged conditions improving as floods in the eastern states eased, selling remained brisk with October near 12.95 and December 13.13 while Liverpool quotes slipped. By mid afternoon October and December steadied, with reports of cotton picking in South Georgia and a nearby tropical storm near the Caribbean.
Cotton futures closed steady with July at 12.85 and October at 13.00, other months at 12.90 to 13.25 range. Market notes mention minor up 4 to 4 1/2 points while the 11 o'clock Liverpool opening is anticipated Wednesday.
In New Orleans on July 18 the cotton market opened with liberal contracts as a better eastern belt view and light offerings. Prices dipped about 6 to 8 points early, then recovered as uncertainty over tropical weather eased. By noon the active market showed a net loss of about 1 point, with spot houses bidding in the afternoon and prices near yesterday's final quotations.
New Orleans July 18 cotton futures opened steady with bids for August at 12.72, October 12.79, December 12.92, January 13.02, and March 13.23. Early trading showed mixed activity with several months trading around 12.78 to 13.07, while quotes for nearby months hovered just under 13 dollars.
Spot cotton in Liverpool on July 18 shows middling prices around 8.264 and 7.884 with minor gains across grades. Trade notes 5000 bales traded with 500 for export and speculation. receipts recorded at 300 bales.
The Liverpool futures market shows July 88a and various monthly spreads from August through July with rates around 7.68 to 7.85 percent. Trading remains quiet with multiple month-to-month forwards listed.
An unfurnished unit with one room is available in Riverside Park near Travis 2806. Details unclear due to partial OCR but location and basic amenity noted.
Opening market conditions show brisk buying in Elberta peaches with multiple East Texas carloads and quality become available. Prices hit 1.25 per bushel for peaches while lemons rose to a season high of 6, with forecasts of further shifts as California shipments arrive and supply remains tight. Live poultry remains steady as local demand holds.
Wholesale prices to trade cover potatoes onions tomatoes celery peppers and more from Texas and California. Notable items include Texas red potatoes at 2.85 per hundredweight and California onions at 4 4%c per pound, Washington Winesap apples at 2.25, Valencia oranges 3.50 per box, and bananas 3.00 to 3.25 per hundredweight.
Uneasiness over black rust danger lifted wheat prices with July at 1.11 and September at 1.12. Reports from Liverpool of adverse weather in growing countries spurred nervous buying. Spring wheat yield and quality rumors kept futures firm as dry heat pressured corn and oats, while hog prices supported provisions.
Tuesday market receipts list prices for corn and oats from Texas No. 3 and Northern No. 3 white, plus mixed lots. Hay values show bulk cane, prairie, feterita, kaffir, maize, and alfalfa with per ton figures and special lots such as Johnson house and New Mexico greens.
Cattle prices at Fort Worth sales were reported with declines noted for the day. Buyers and sellers observed softer bids and lighter demand across classes, with steady prices for selected leaner beef steers and cows. Market activity remained cautious amid seasonal fluctuations and market pressures.
Oklahoma City July 18 sale receipts list cattle at 1900 with gains to ten cents and hogs at 1400 up five cents. The brief notes indicate steady to modest price advances in today's market.
Quotations today show corn No 2 yellow at 4.04 4.24 cents, barley at 67 to 78 cents, oats Standard at 42 to 24 cents, and other grain prices including new hard red wheat at 1.16 to 1.17 dollars. The report notes mixed gains and declines in commodity futures.
Quotations from St Louis list wheat No 2 red at 1.2271 and 1.24%, No 2 hard new 1.16 and 1.18, corn No 2 Sic and No 2 white at 814% and $2c, dates No 2 394 40c and No 2 white 42% MASc.
The report lists yesterday’s stock at 691,065, last week’s same day at 786,26, and last year’s same day at 805,485, indicating a seasonal deficit.
Quotations today list wheat at No 2 hard 1.97 and 1.13 for No 2 red, corn No 2 mixed and No 2 white 14GC, oats No 2 white 43 to 43c, as reported from Kansas City on July 18. Prices reflect modest gains across grains with standard market notation.
Grain futures in Kansas City closed trading with wheat for July at 1.08 and September at 1.96, while corn showed July at 734 cents and September at 734 cents.
Chicago markets report opening and closing quotes for pork lard ribs and related products. Dry salt extras and bacon varieties at packing houses are listed with prices and averages for 14 16 pound blocks and hams.
In Boston a native Bostonian recommends a restaurant on the corner run by a Syrian, praising its efforts. The piece then shifts to light humor about romance and daylight saving style questions as a romantic girl advocates more moonlight.
The rough rice market was nominal and clean rice quiet with no sales. Receipts totaled 1925 pockets as Honduras and Japan quotations were reported and prices listed for polish and bran per ton.
New York July 18 cotton goods sales were quiet with many wash goods lines opened for spring. Yarns were firm and raw silk unchanged. There was a steady demand for dress goods for export.
The IC C denied Kansas City Southern Railway the right to raise rates from 10 to 12 percent on shipments from Louisiana cities to Galveston and other Texas points, effective immediately.
The Union Stock Yards reported steady prices with calf and cow quality improving. Receipts totaled 198 cattle, 93 calves, 170 hogs, and 458 horses as steers and hogs showed no change from yesterday while hogs traded near 9.75 for choice heavy lots.
Fort Worth reports cattle receipts at 2000 with a steady market. Reeves and Hoge listings show varied price ranges for cattle, calves, and stockers, plus sheep figures with lambs and yearlings. Goats and misc stock priced, reflecting a mixed market for mid July sales.
Receipts and quotations for hogs cattle and sheep listed with market firmness. Hogs 11 0090. bulk 9.55 9.90. heavy 9.95 10.10. pigs 1.00 2.48. Cattle receipts 3000. native beef 6.99 10.90. western steers 7.90 9.10. stockers 5.25 7.25. cows 3.25 9.40. calves 8.25 11.75. Sheep receipts 11000. wethers 6.75 8.30. lambs 7.00 4-10.60.
Kansas City market notes show hog receipts of 13 000 with prices 9.50 to 10.10 for various weights and packers at 9.70 to 9.95. Cattle receipts reach 9 000 with prime fed steers up to 9.75 and cows to 7.60. Sheep receipts 45 000 with lambs 10.00 to 10.80 and yearlings around 7.50 to 7.60.
Receipts and quotations reported with hogs and cattle showing steady markets. Hogs range from 8.76 to 10.00 for mixed, butchers, and heavy hogs. cattle include native beef steers 7.00 to 10.85 and yearlings 5.50 to 10.65. sheep with wethers 6.00 to 8.00 and lambs 6.00 to 10.25. receipts noted as hogs 7000 and sheep 6900.
In Savannah on July 18 a turpentine firm reports 503 barrels receipts 272 shipments and 144917 stock while a reelin firm shows 1151 barrels receipts 809 shipments 7060 stock. Quotations list various grades and prices up to 6.95 for water white glass noted.
New York trading opened with pressure on several specialties, led by autos. General Motors fell to 485, Willis-Overland remained weak, while American Can and Marine preferred rose. Rails stayed firm as copper and other items retreated, ending the session irregularly.
New York July 18 Mercantile paper 4 per cent Sterling 60 day bills 471 Demand 475 cables 476 18 Guilders demand 417 16 cables 9 16 Bar silver 62 c Mexican dollars 48c Government bonds steady Railroad bonds irregular Time loans easy 5 4 percent 6 months 4 4 percent Call money easier ruling rate 2 percent Last loan 24 percent Closing bid 71 percent offered 2 percent San Antonio Texas July 18 Temperatures rainfall state of weather Houston district 24 hours ending 6 m seven ty fifth meridian time Weather belt generally fair temperature above normal rainfall in excess of an inch at Gainesville Decatur Brookhaven Washington Americus all in Texas Mississippi Georgia and Alabama Allen Buell Meteorologist Weather Bureau
Lead weakly offered at 6.40. Spelter firm with spot East and delivery at 8.87 percent. Copper dull electrolytic traded around 24.00 to 25.00. Tin spot offered at 37.76. Iron unchanged.
London market notes lead 28 pounds per unit storage and copper futures at 122 pounds. Spot copper stands around 88 pounds and tin futures near 164 pounds with current spot tin at 163 pounds 10s. Market figures given for electro lytic processes and standard pounds sterling quotations.
Tuesday prices show fees steady with country candled at 21 to 22 cents per unit and Texas creamery butter at 39 cents per pound. Poultry values hold with hens at 4.50 to 6.50, friers 4.60 to 6.59, broilers 2.50 to 3.50, turkeys 16 to 17 cents per pound, ducks 4.00 to 5.00 per dozen, geese 4.60 to 5.00.
Butter creamery 28c firsts 26c second 2% 21%c. Kean firsts 21c. Poultry hens 5c roosters 10%c springs 22c. New potatoes steady Texas Oklahoma Louisiana Triumphs 00 65c Kaw Valley early Ohios steady 60 65c.
Quotations show butter and creamery at steady levels while eggs stay firm with mixed receipts. Virginia and Kansas price references appear alongside Missouri and Illinois Ohio regions. A bishop recounts a reform tale about a man turning away from drink after ambulance classes while a rural Ohio schools note introduces etiquette courses with the joke of finger bowls on every farmer’s table.
Washington July 18 census bureau data show United States linter cotton used in June at 68 098 bales up from 53 903 last year. Eleven months ending June total 47 539 bales vs 62 985 last year. On hand June 30 consuming establishments 107 361 bales vs 199 358 last year. In public storage and compresses 166 953 bales vs 103 560 last year.
The Popular Science Monthly notes that Persia's desert regions require extreme water conservation. Stone conduits bring mountain water to desert cisterns, while Caspian watershed areas near Teheran remain better watered. The piece contrasts desert zones with northern Safer routes.
July 7 orders detail temporary duty reporting for multiple officers from the quartermaster corps to the Southern Department. Captains Sherrard Coleman and Henry Richmond among others are assigned to various stations. leave granted to several lieutenants. assignments include Fort Lincoln Fort Sam Houston and other duty locations with exams for transfer to field artillery and adjutant general vacancies.
Elisha Lee criticizes profits while recalling a Washington Star anecdote about an American in Ireland. The tale contrasts hunger and the Irish hospitality with a bakery boasting fancy bread, illustrating a period voice on appetite and commerce.
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