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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 25, 1916
Page
11
Cotton prices moved up briskly as demand remained active and weather map factors influenced trading. The market showed steady interest from buyers amid shifting weather forecasts affecting harvest prospects.
The piece reports firmer early cotton prices in New York with futures advancing in July and October as weather concerns persist. Prices topped morning highs before settling, with New Orleans and Wall Street sellers driving initial gains, and later selling pressures easing as futures hovered around midday levels. Liverpool softness is noted for upcoming open.
Restricted rains in the eastern belt and expectations of a bullish government crop report spurred an early buying wave in New Orleans cotton, with prices 14 to 15 points above yesterday. Liverpool bids were firmer but buyers remained scarce, and profit taking emerged as futures peaked before noon with gains around 10 to 11 points, later retreating to 2 to 5 points over yesterday’s close.
New Orleans reports the cotton market opening steady on July 26 with futures for August at 12.95, October 12.04, December 13.19 asked, January 123.28 asked, and March 13.47 asked. Futures closed 2 to 6 points higher, with levels around 2198.25 13.12 18.14 Mon. 12.87 12.95 13.08.
Spot cotton run in Liverpool with good middling at 8.21 pence and middling at 8.04 pence. Sales reach 6000 bales including 1000 for export and speculation. Receipts total 8000 bales.
Prices show firmer readings with a series of forward contracts for July through June. Notable quotes include July 7.984 and various next-month pairs, edging higher across the curve on the Liverpool futures board.
Warm conditions lift demand and prices for lemons in San Antonio as wholesalers secure advances. Sicily and Cuba report damaged crops while soldiers on the border receive thousands of lemons weekly. Egg stockpiles and cold storage oversight affect quality and waste. sugar demand rises and refiners lag deliveries.
Buyers quote prices for Texas country produce delivered in San Antonio on Tuesday. Butter and poultry steady with hens at 6.80, large fryers 4.50, turkeys 16 to 17 cents per pound, and other items including Texas creamery butter and geese priced per pound or per dozen.
Quotations show prices for putter creamery products and potatoes with steady receipts. Poultry market unsettled with fowls at 17 to 18 cents and springs 21 to 23 cents. Virginia barrel and bulk shipments noted with price ranges from 2.35 to 2.49.
Quotations to Gav show butter values with creamery 28 cents firsts 26 cents seconds 28 cents packing 211 cents. Poultry hens 16 cents roosters 10 cents broilers 2 cents. New potatoes steady. Oklahoma Arkansas Texas Louisiana 60 cents. Kaw Valley early potatoes steady.
A regional note lists cotton statistics across port cities including Galveston Houston New Orleans Mobile Savannah Charleston and Wilmington with comparative figures. The item reads as a brief data update from the cotton market.
San Antonio buyers paid various prices for cotton delivered to local compresses on Tuesday across grades from good middling to strict good ordinary. The report lists seed delogs prices and monthly figures for futures or spot values, with total sales totaling 42,900.
New York July 26 Dry goods markets showed firmness as the anticipated final settlement of the prolonged garment workers strike loomed. Cotton goods and yarns kept steady while raw silk and dress goods displayed active demand. jobbers reported healthy trade.
In New York on July 25 the coffee market showed firm futures with No. 7 Rio quoted at 914 cents for September and 865 for December.
Wholesale price list for Texas and California produce to retailers and shippers. Potatoes onions tomatoes peppers cucumbers and many fruits show per crate per pound per dozen, with varied rates for California goods and Texas grown items. Includes apples bananas lemons limes peaches grapes prunes figs and canned fruits and vegetables with multiple packaging sizes and price bands.
In Chicago July 25 wheat retreated as cooler weather in the black rust region and high ocean freights weighed on exports. September and December futures fell from opening levels before closing weak. Corn rose on dry heat in the corn belt, while oats sagged on bearish crop reports and lard led provisions lower amid active selling.
Carl ot buyers paid prices for grain and hay delivered in San Antonio. Corn ranged Texas No 3 54 cents mixed 92 cents Northern No 3 white 1. Oats Texas No 3 red 44 cents. Hay included Mile maize bulk 1.15 feterita bulk 1.15 Kaffir corn bulk 1.15 cane hay per ton 12.50 prairie hay per ton 12.50 John son grass per ton 12.50 alfalfa choice pea green New Mexico per ton 18.00.
Wheat No 2 red new at 1.25 to 1.26 dollars per bushel. No 2 hard wheat new 1.23 dollars. Corn No 2 yellow 0.84 dollars. Barley price listed near 0.65 to 0.74 dollars. Data line shows standards and moisture figures.
Kansas City grain futures close with Wheat July at 1.13 ¾ and September at 1.18 ¾ while Corn July trades at 80 ¾ cents and September at 76 ¾ cents reflecting daily market moves.
PROVISION MARKETS CHICAGO July 25 Quotations Park Open High Low Cae pede 26 Rept Lard July scoseees Road acorn Bept Road 12.90 12.83 12.83 Ribs AULY Road 4st acorn Bept 118 62 1843 18.50 13.62 Local packing house quotations to dealers Tuesday Dry salt extras 16c bacon extras 17c dry salt belies 4-16 pounds fancy breakfast bacon 27c fancy hams 14-16 pound average 19c Pure lard 14c compound 12%
Galveston reports ships arriving and sailing on July 26 with vessels El Rio El Occidente Nueces El Oriente El Newns Dade Tampico Banan and Barrios listed among arrivals and departures for the port.
United States Steel Corporation announced an extra dividend of 1 percent on its common stock in addition to the regular quarterly 1 percent. The company reported total quarterly earnings of 81,126,084 dollars for the quarter ended June 30.
Savannah July 25 Turpentine steady at 43 percent with sales 242 percent, receipts 458, shipments 756, stock 13 711. Resin firm with sales 1179 and receipts 2417 and shipments 2085. Prices seen around 6.10 to 6.80 per unit with varied notes.
New Orleans July 25 rough rice market nominal with no sales or receipts. Clean Honduras quoted 4 6c and Japan 8% ic, reflecting a quiet trading day for rice in the region.
Weather in the belt is unsettled with temperature about normal. Rainfall exceeds an inch at Albany Waynesboro Conway and Yemassee Goldsboro Greensboro New Bern Raleigh Weldon Marianna. Reports cover the 24 hours ending at 8 a m. local time.
The Interstate Commerce Commission refused to disturb the coal freight rate from Northwestern and Southern Alabama Illinois and Western Kentucky to Memphis and dismissed Alabama operators complaint of rate discrimination. Weather bulletin notes wind under ten miles per hour and precipitation under .01 inch report from Allen Buell meteorologist Washington D C July 25.
Fort Worth Texas July 25 cattle receipts 2450 steady with Reeves 6.50 to 8.50 stockers 5.00 to 6.50 cows 4.00 to 6.50 calves 4.50 to 8.60 hogs receipts 1000 steady bulk 9.50 to 9.60 heavy 9.60 to 9.65 medium 8.50 to 9.60 sheep receipts 600 steady lambs 9.00 to 9.76 yearlings 8.00 to 8.75 ewes 6.00 to 7.00 goats 4.50 to 5.50.
Receipts and quotations for hogs and cattle in St. Louis show higher prices. Hogs ranged 9.70 to 10.05 for various classes, hogs receipts 7000. Cattle and calves mix include yearling steers and heifers about 8.5 to 10.0, cows 5.0 to 8.0, native calves up to 11.5. Sheep receipts 4600 with lambs 7.0 to 10.0 and sheep 5.0 to 7.25, breeding ewes 9.0 to 10.5.
Receipts and quotations show hogs around 9.60 to 9.90 for Packers and Butchers with bulk near 9.75 to 9.90 and light hogs at 9.456 to 9.70. Cattle receipts reach 8000 with southerns 5800, prime fat steers 9.75 to 10.50, dressed beef 7.50 to 9.50, southern steers 6.00 to 9.50, cows 4.50 to 7.50, heifers 6.00 to 9.50, stockers 5.76 to 7.78. Sheep receipts 3000 with lambs 9.50 to 10.00, wethers 7.00 to 7.69, ewes 6.60 to 7.00.
Receipts and quotations show hogs and cattle market activity in Chicago. Hog entries 13 000 with ranges for bulk light mixed and heavy classes. cattle receipts 2000 with native beef western steers rockers cows and calves and calves values noted. Sheep receipts 10000 with wethers and lambs priced within noted ranges.
July 26 daily cattle sale shows buyers and consignors including J. Reed of Angleton and O Johnson of La Costs, with average weights around 534 to 972 pounds and prices from 5.15 to 8.10 dollars per hundredweight. Weatherford and Freeland firms listed stocker cows among the offerings.
The state banking board approved a certificate of authority for Citizens State Bank of Commerce Texas to operate in Texas. The bank lists capital stock at 25 000 dollars.
Overnight developments including a British cabinet crisis and railway labor tensions spurred short selling and further liquidation of weak issues. United States Steel Union Pacific Reading and Mexican Petroleum came under pressure while Industrial Alcohol surged 34 points in early trading before a heavy closing.
In New York money markets time loans held steady for 60 days at 3 percent and 90 days at 3 to 4 percent, six months at 4.4 percent. Call money remained steady with high at 8 percent, low at 2 percent, ruling rate at 2 percent, last loan 2 percent, closing bid 2 percent, and offer at 2.4 percent.
London markets show bar silver at 4d per ounce and money at 4 percent. Discount rates quoted short bills 5 percent, three months 5 1/2 percent. New York Mercantile paper 4 percent with 60 day bills at 4.71 to 4.75. Cable rates at 4.767 to 4.767-16. Government and railroad bonds listed as steady.
The New York metal market reports Lead at 6.35 dollars asked with Spelter unquoted and spot East St. Louis delivery at 10 percent plus, Electrolytic Iron steady and Tin at 37.50 to 88.25. London quotients show Lead at £28 8d, Spelter £60, Copper spot £98 futures £96, Tin spot £146 futures £166 108.
A Portland era quip collection shows names for cars like The Mortgage The Fake My Limousine Our Car The Peril Some Freak and The Limit. The piece contrasts labels with a joke about a Panama Canal lecture and a marriage gag.
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