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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 24, 1916
Page
9
Crop news reports show bullish effects on cotton demand with higher trading activity. Market observers note increased confidence and larger trade volumes as buyers respond to favorable crop outlooks and expected supply tightness.
New York July 24 The cotton market opened steady aided by ongoing heavy rains in the eastern belt. October eased to 13.06 while December fell to 13.21 and January off to 13.25. By mid-morning hedge pressure pushed October to 13.04 and December to 13.20 as traders priced in poor crop conditions and possible government reports.
In New Orleans on July 24 cotton prices fell 1 to 3 points early, especially for October, despite favorable cables and wet belt conditions. After a brief dip the market recovered, closing near 12 points above Saturday's level as spot houses bought contracts and buyers steadied the new crop months.
The New Orleans cotton market opened steady with August at 12.78, October 12.82, December 12.96, January 12.04, and March 13.28. Futures closed 10 to 11 points higher, with specific highs and lows noted for Saturday trading.
Liverpool July 24 spot cotton unchanged with good middling at 7.184? The report notes middling 7.974 and low middling 7.81d. Sales total 6900 including 500 for speculation and export. Receipts reported at 9000.
The Liverpool futures page shows quiet trading with quotes across multiple forward months. Prices include August at 7.84 pence, September-October 7.80334 pence, and December-January 7.75 pence, among others, with several gaps and typographical markers.
New York stock market wakes from a two week lull with liquidation behind it and rumors of cancelled contracts. Shares recover on reports that large orders from England France and Russia are forthcoming. United States Steel Corp signals strong earnings likely at next quarterly meeting.
Marine intelligence from Galveston lists arrivals including El Siglo from New York and Fort Morgan with a date of November and Puerto Mexico. Salted ships include El Paso and New York, detailing inbound and outbound traffic with ports noted.
Monday morning brought large orders for eggs vegetables and fruit from militia troops at Donna Harlingen McAllen and other border posts. San Antonio wholesalers say the 150 militia companies with private mess funds are expanding demand and may require extra shipping staff. Militia officers seek daily price quotes for border deliveries while The Light already lists local wholesale prices and freight costs to calculate delivered prices.
Wholesale prices to trade for vegetables and fruits across Texas and California. Potatoes onions cabbage peppers tomatoes lettuce and cucumbers listed with per hundredweight per crate or per bushel. apples, bananas, oranges, lemons, grapes, prunes and dried fruits priced by case, box, or pound. Livestock items include hides and beeswax with carrier notes.
New York reports sugar quiet with centrifugal at 6.33 dollars and molasses at 5.66. Refined sugars hold steady with cut loaf at 8.80, powdered at 7.75, and granulated at 7.65 dollars.
Chicago July 24 cooler weather eased black rust fears aiding bears in wheat with September near 1.18% to $1.18 and December to $1.21%. Corn rose on hot dry belt but gains faded with net losses in some cases. Oats little changed and hogs pushed provisions higher on the day.
Carlot buyers paid varied prices for grain and hay in San Antonio. Corn included Texas No. 3 at 4c and mixed at 92c, Northern No. 3 white at $1. Oats Texas No. 3 red at 44c. Hay prices ranged from Milo maize No. 3 bulk at $1.15 to cane, prairie, Johnson grass, and alfalfa at $12.50 per ton, and New Mexico alfalfa at $18 per ton.
Quotations listed for heat No 2 re new at 1.21 and 1.24 per bushel, No 2 hard at 1.18 to 1.21, corn No 2 yellow at 82 percent, oats standard at 42 to 42 cents.
Quotations listed for Wheat No 2 red new at 1.25 to 1.25 1/2, No 2 hard at 1.18 1/2. Corn No 2 at 82 82 1/2 cents, No 2 white at 84 83 cents. Oats No 2 new at 49 40 1/2 cents, No 2 white at 43 cents.
Quotations today list wheat at No 2 hard 1.124 and 1.17 for No 2 read, corn No 2 mixed 89% or 80%81c, No white 80%81c, No 2 yellow 81 S82c, oats No 2 white 42% 43c, No mixed 39 4c with regional price marks.
Kansas City grain markets closed steady with Wheat July at 1.15 dollars and Sept at 1.15 dollars. Corn July at 80 cents and Sept at 7.6 cents.
Chicago report lists local packing house quotes for Monday with San Antonio provisions. Dry salt extras 16c, bacon extras 17c, dry salt bellies 11 to 16 pounds 6c, fancy breakfast bacon 27c, fancy hams 7c, bacon bellies 14 to 16 pounds average 19.5c, pure lard 14 1/2c, compound 12c.
Dr. W A Davis said the U S Department of Agriculture cannot provide enough anthrax serum to cover 89 Texas counties. The bureau will ship 500 cc of serum this week for immediate emergency needs. A Vermont inventor has patented a blank ly for cattle that cannot be dislodged by animals rolling.
A brief market snapshot from New Orleans highlights current cotton price trends. Traders monitor futures, spot bids, and regional demand as the market reacts to seasonal shifts and global supply signals.
In Kansas City thirty six cars quarantines sold with prices up to 15 cents higher. Average weights and prices listed for multiple ranches including Wilson & Selfridge Miller Neodesha Barringer Ardmore Ballington Broken Arrow and others. Oklahoma City sales totaled about 1900 cattle with values steady to 10 cents lower and hogs 6 to 10 cents higher. top price 9.66. Names featured include H Dunn Lawton Norman and Johnson.
Buyers paid steady rates on country candled Texas produce in San Antonio on Monday. Butter at 30 cents per pound, creamery 25 to 30, country 20s, packing stock 18 1/2 cents, poultry steady with dozen prices from 4.50 to 6.60. Large friers 4.60 to 6.50, broilers 2.00 to 3.60, turkeys 16 to 17 1/2 cents per pound, ducks 75 per dozen, geese 4.50 to 5.00.
Butter higher with creamery quotings 24 27 followed by steady receipts totaling 11 351 cases. Potatoes lower with receipts at 60 cars. Poultry unsettled as fowls noted at 17c and springs at 21c to 23c. Virginia bulk selections and other regional quotes listed.
Quotations for dairy items show Futter creamery at 28 1 2 cents, firsts at 26 1 2 and second at 23 1 2 cents, packing at 21 1 2 cents. Eggs for firsts 22 cents. Poultry prices list hens at 12 1 2 cents, roosters 10 1 2 cents, broilers 2 cents. New potatoes steady. Regional markets Oklahoma Arkansas Texas Louisiana 60 cents. Kaw Valley early Ohios steady at 0 cents.
The report states that winds under ten miles per hour and precipitation under .01 inches are not published hereon. Meteorologist Allen Buell signs the note.
Monday market results show cattle steers at 6.00 to 6.50, cows 5.00 to 5.50, calves 6.00 to 6.50, hogs 9.25 to 9.75, with San Antonio listing 240 cattle 199 calves 286 horses 45 hogs and 16 sheep. Southwest reports improved grazing prospects as rains boost pasture feed.
Port Worth Texas market update shows cattle receipts 1200 with values from 6.00 to 8.50 for Beeves and 8.50 for calves. Hogs receipts 8700 with bulk 9.40 to 9.65 and various weights. Sheep and goats receipts 1400 with lambs 9.00 to 9.75 and ewes 6.00 to 6.75. goats 4.50 to 5.50.
Trading opened with broad volume and higher prices led by United States Steel advancing to over seven dollars. Lackawanna Steel General Electric and United Fruit also rose while alcohol fell more than ten points early afternoon with a heavier close overall.
Money markets in New York on July 24 showed time loans steady across terms with rates around 2 to 4 percent. Call money held firm with a high rate near 2 percent and a closing bid near 2 percent as the market maintained the ruling level.
Mercantile paper with per cent and sterling rates shown. 60 day bill at 4.71 percent, demand 4.7 plus, cables at 4.764 percent. Guilders demand 41 percent, cables 41 percent. Bar silver at 63. Mexican dollars at 42 4.¢. Government bonds steady, railroad bonds irregular.
Kansas City market reports show hog receipts of 8000 with higher bids from 6 to 10 cents. Julk, heavy, packers and others, night and pigs priced from 8.90 to 9.79. Cattle receipts at 10000 with southerns included and markets up to 10 cents. Prime fed steers 9.60 to 10.50, dressed beef steers 7.50 to 9.50, cows 4.50 to 7.50, heifers 6.00 to 9.50, stockers 5.75 to 7.75. Sheep receipts listed with lambs 9.50 to 10.15 and yearlings 7.00 to 7.50.
Lead quoted at 6.36 with 10 1/2 cent spread. Spelter steady with delivery options in East St. Louis. Copper electrolytic at 24,000 and 27.00. Tin quiet with spot offered at 38.50. No. 1 northern copper ranged 20.60 to 21.00, No. 2 20.50, No. 1 southern 20.25 to 20.78, No. 2 16.75 to 20.15.
London market note lists lead at 27 158, spelter 56, spot copper 94 with futures 91, electro lytic 122, spot tin 166 Ss and futures 157. The figures reflect concurrent price levels in the metal trades of July 24.
Receipts and price ranges for hogs cattle and sheep listed for the St Louis market dated July 24. Hogs show firm to steady values with various categories from pigs and lights to bulk. Cattle receipts total 6200 with multiple classes including native beef steers Texas and Oklahoma stockers yearlings cows and calves and prime southern steer values. Sheep receipts around 3000 with yearlings spring lambs breeding ewes slaughtered ewes and price ranges noted.
Chicago market data shows hog receipts around 27 000 with prices 9.30 to 10.05 for various hog classes and a firm cattle market with native beef at 6.80 to 11.60 and calves to 12.00. Sheep receipts near 9 600 with lambs and wethers trading 6.50 to 10.20, crowding the week with steady values.
Large orders for semi finished steel for export were placed last week and inquiries are pressing. Russia is negotiating for 50 000 tons of rails and has divided a contract for 50 000 tons of barbed wire among three mills. Other exports include 49 000 tons billets 6000 tons sheet bars 40 000 tons plates and 18 060 tons rails for domestic railroads.
The Philadelphia Telegraph recalls a 19th century trial where seven white and five colored jurors returned a verdict of not guilty after proclaiming the jury had gone Democratic. The foreman stated the prisonah was not guilty.
A wry exchange from the Louisville Courier Journal notes a real estate agent calling a large rental a palace. The remark suggests agents around the world share grand adjectives in property listings.
The report notes cotton goods prices holding firm with mills in a sold up condition causing delayed deliveries. Export demand remains steady while late orders await progress. staple lines and finishes show limited activity and cautious buying.
Garrett P. Serviss argues the Panama and Suez canals prove the earth’s rotundity, detailing leveling methods, curvature, and gravity. He cites lunar eclipses, planetary shapes, and navigation as evidence, countering flat-earth claims with practical surveying data.
Government engineers use current meters to gauge water speed and depths at multiple points under bridges. Combined with river height data from gauges, this yields daily flow estimates for varying water levels and heights. The process supports understanding river volume for weather reports and water management.
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