Cotton market boosts prices amid strong buying orders
In a tight session prices in cotton rise as buyers step in. A reported private estimate places the crop at 78.5, while selling on weak cables is replaced by firm bids.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 14, 1916
Page
13
In a tight session prices in cotton rise as buyers step in. A reported private estimate places the crop at 78.5, while selling on weak cables is replaced by firm bids.
The June 14 cotton market opened with a decline of 5 to 9 points due to poor cables and English mill holidays, but then rallied before noon on a favorable government weekly summary and a private crop report. The U S middling price closed unchanged in local trading as the market remained small with buyers in San Antonio quoting prices for local compress deliveries.
The New York cotton market opened steady and fell 4 to 5 points on weak Liverpool demand and mill holidays. Prices recovered in late morning trading with October at 2.86 and December at 13.02, aided by a crop report showing modest gains and a quiet trading afternoon keeping values near 12.86 for October and 138.03 for December.
New York June 14 cotton futures closed steady with July at 12.61 and December 12.95. October 12.78 and January 13.02, March futures five points higher, with a mixed intraday range shown in the session.
Ambiguous notes indicate Liverpool aims to open on Thursday with a slight lead, referencing a 3 point gap and unclear currency or index figures around 12.68 to 12.88. The fragment mentions New York, a 10:30 call, and several numeric values likely related to exchange or prices.
In New Orleans on June 14 the cotton market opened low with prices down 8 points as poor cables and private reports hint at weaker spot demand amid mill holidays. The market was small with early declines, then steadied in the afternoon as better spot demand appeared and prices rose 1 to 3 points from yesterday. The close showed a 11 to 2 point advance to finish steady.
New Orleans June 14 Cotton tires opened steady with bids for July at 49, October 12.41, December .6, January 12.87 and March 13.03. Futures closed steady, up about two points, with quotes showing slight gains across the board despite erratic figures in the last line.
Liverpool spot cotton shows good middling at 8.484 and middling at 8.144 with 5000 sold including 1000 for speculation and export. receipts 49,000. Futures in Liverpool ease with June-July at 7.994 and successive months around 7.6p. New York reports cotton seed prices mostly steady with July at 19.10 and December around 8.72 to 8.77. Total New York sales 17,700.
In Savannah on June 14 the turpentine market shows quantities, receipts, stock, and price quotes for grades A through W including firm resin and pine products. Trading data note stock levels and vessel movements amid gales and market quotes for multiple grades with slight variations.
In FPRN June 13 report coffee prices hold steady with No. 7 Pe at 17.99 for July and December futures. Traders monitor supply and demand shifts as markets steady amid mixed global cues.
Commission bounds on produce shipments were nearly emptied early Wednesday as light arrivals and quick sales tightened markets. Rain is needed to help growers crops. tomatoes fell to 1 per crate and cantaloupes to 1.26 per crate while butter poultry and eggs held steady. Mexico’s border crisis dampened inquiries from Mexican buyers. grain prices in San Antonio remained unchanged.
Wholesale market listings show Texas prices for vegetables fruits and related staples to retailers and shippers. Items include potatoes onions cabbage peppers lettuce watermelons corn apples prunes figs dates and dried beans with per unit weights and crate or box pricing across numerous regions and grades.
June 14 at Union Stock Yards reports better prices and offerings for cattle and hogs. Hogs sold up with heavies near 9 dollars, foreign range 9.30 to 9.90. Cattle and calves showed improvement, cows at 5.50, calves 7.50 to 8.00. Texas and Oklahoma steers 5.50 to 9.90. Sheep weak to steady amid mixed quotes. Receipts: cattle 417, calves 98, hogs 59, sheep 16, goats 12, horses 64.
Fort Worth markets report receipts for cattle hogs and sheep with steady to higher prices. Cattle receipts 4500 with ranges for beer stockers cows heifers bulk calves and hogs 2500 with bulk prices from 9 to 9.56 and mixed grades. Sheep receipts 1000 show lambs yearlings and wethers with ewes and kids priced accordingly.
Hogs receipts 6609 and higher quotations with mixed and butcher and good heavy pigs and lights values. Cattle receipts 3300 and steady with native beef steers yearling stockers and cows offered at varied prices. Sheep receipts 300 steady with wethers and ewes and lambs priced across a wide range.
Kansas City market receipts show hogs 13,000 with bulk prices around 9.40 to 9.70, cattle 6,000 with prime steer ranges 10.50 to 11.35, and sheep 5,000 with lambs 9.00 to 11.50. Chicago receipts total 26,000 hogs with bulk 9.40 to 9.90, cattle 18,000 with native beef steers from 7.90 to 11.40, and sheep 16,000 with lambs 7.60 to 10.85.
A Philadelphia Inquirer noted invention uses an insulated frame with spiraled live conductors that kill insects on contact without wasting current. Insects are lured by lights or attractants and drop into the trap after touching two live wires for a moment.
New Orleans market briefs show current cotton price trends with regional quotes and demand notes. Traders track spot bids, futures activity, and basis shifts across major districts as the harvest cycle influences supply and prices.
Cattle 700 head steady. Hogs 1200 head up to 10 cents higher. Sheep 6300 head. Late sales show Goostree Amber Oklahoma 900 pounds at 4.65. Fleming Quanah Texas 86? weight around 16 sold. Hawkins Lawton 41 steers and heifers 656 pounds at 6.00. Slayton Rush Springs 1981 pounds at 8.15. Carr Elgin 38 cows at 6.65.
Buyers paid listed figures for Texas country products in San Antonio on Wednesday with steady quotes across butter creamery poultry and fowl. Prices include Texas country candle butter at 25 to 30 cents per pound and country packing stock at 18 to 19 cents. Hens at 4.00 per dozen, large fryers 4.50 to 9.95, turkeys 15 to 12 pounds at 5.00 to 6.00 per dozen, and geese around 7.00.
Butter firm creamery 25 percent 29 cents. Eggs Receipts 26 945 cases firsts 21 21? ordinary firsts 20 21 cents. Potatoes unsettled old receipts 32 cars Michigan Wisconsin Minnesota and Dakota white 1.00 to 1.15. New receipts 25 car sacked Triumphs 1.80 to 1.99 Louisiana white 1.70 to 1.79. Poultry alive steady fowls 17 ½ cents.
The weekly cotton growth report for the week ending June 13, 1916 notes slowed growth and hindered cultivation due to low temperatures in northern areas. Blooming seen in Southern Alabama and Georgia, with some in Western Florida. harvest beginning in extreme Southern Texas. Weevils damage in Southern Alabama and Western Florida. Weather favoring corn in the south but too wet and cold in central and northern corn belt. Potatoes truck crops gardens tobacco sugar cane rice pastures and most fruits benefited. Hay and grain harvest advancing in the south and improving northward.
Government weather review for Texas week ending June 12 notes showers at week start and end improving crops though drought persists in lower coast and southwest counties. Corn cotton and rice show rapid growth. first bale of cotton gin in Cameron county and sold in Houston June 10. Wheat and oat harvest nearly complete. tomato and peach crops moving but below average. Local wind hail storms caused damage yet beneficial rains foster optimism among farmers.
A Western Pennsylvania pastor who once believed in literal prayer now questions his faith after a visiting fellow clergyman prayed for the minister to be filled with new vigor. The pastor accepts veal in moderation but objects to a new breakfast food as a forced addition.
Early Wall Street trades show Willys-Overland sliding 28 points to 278 on news of a hitch in a consolidation. Other motor shares fall in sympathy while rails and metals advance with Norfolk & Western Canadians and Reading among leaders. General irregularity ends the session unevenly.
Mercantile paper at 66 3% with sterling 60 day bills 4.72% demand 4.75 31-16. Cables 4.767-16. Guilders demand 41% cables 42. Bar silver 62%. Mexican dollars 49%. Government bonds steady, railroad bonds irregular. Time loans easier 60 90 days and six months at 3 434 percent. Call money steady high 8 low 2 percent, ruling rate 3, last loan 3, close wide 2% offered at 3.
New York financial note lists currency rates for Sterling, Guilders and Mexican pesos. Government and railroad bonds show heavy and steady trading, with call money and loan rates around 3 percent and closing bids near 2 to 3 percent.
Lene price at 5 7 89 cents per ton or 5 3 9? Spelter dull with East St. Louis delivery and 13 1/2 to 14 cents asked. Copper firm electrolytic nearby and September and later at 27 50 to 20 25. Iron steady. Tin quiet with spot at 43 50.
London market update lists current and futures prices for lead, spelt er, copper, electro tin and tin with figures in pounds per ton and pence per unit. Prices shown include spot and futures levels: lead £31 108, spelt er £68, spot copper 1118, futures £116, electro tie 140, spot tin £183 Se, futures 183 15s.
Galveston reports arrivals and sailings including Civilian from Liverpool El Sigio and from New York, with Bluefields sailing to Nov Nicaragua. Coffee futures ease with July at 7.96 and December at 8.27 as of June 14, 1916. weather bulletin notes morning observations for Wednesday June 14.
Cotton region bulletin from San Antonio June 14 lists temperatures rainfall and weather for Houston district stations in the 24 hours ending 1 a m local time. Belt weather fair with showers in the northwest. Rainfall reported 1 inch or more at Amite Louisiana Jackson Mississippi Marianna Florida Bentonville Arkansas Ada Chandler Holdenville McAlester Pauls Valley Oklahoma. Allen Buell Mentemalacia Wastes S.
Quotations to Gay include butter at 29c for firsts 27c for seconds 25c packing 22c. Eggs firsts at 20c. Poultry hens 14 1/2c roasters 10 1/2c springs 25c. New potatoes steady Texas Oklahoma Louisiana Triumphs 1.75. Old potatoes steady Minnesota White Rural and Ohio 1.25.
New York reporting values show raw sugar centrifugal at 6.39 dollars and molasses at 5.62. Refined grades list cut loaf 8.80 crushed 8.65 mould A 8.15 cubes 8.16 XXXX powdered 7.80. powdered 7.75. fine granulated 0.65. diamond A 7.65. confectioners A 7.55. No 1 7.50.
B A McKinney of Durant Oklahoma won re election today as class B director of the Dallas Federal Reserve Bank.
The Texas Department of Agriculture reports many tomato plant samples diseased with tomato wilt. Pathologist B C Tharp confirms the wilt, a soil borne germ that kills plants from fruit set onward. Rotation and soil sterilization with formalin before planting help prevent spread. seed bed soaking can also reduce germ infection.
New York reports quiet but steady cotton goods trade on June 14 with yarns firm and some men’s wear flannels and silks ordered moderately for spring, indicating cautious activity in the fabric market.
The rice market remained steady with no sales recorded. Receipts totaled 8450 pockets of clean stock entering the market.
In Chicago on June 14, weakness in Liverpool quotes and Oklahoma Kansas rains trimmed wheat gains. July futures moved around 1.04 to 1.06 dollars, later settling up modestly. September near 1.05 to 1.06. Corn eased from early advances but finished firmer. oats supported by demand. provisions little changed despite hog market rise.
Chicago on June 14 reports wheat No 2 red at 1.04 dollars per bushel, No hard at 1.03. Corn prices listed as nominal and oats around 41 cents with barley near 58.50.
Quotations in St. Louis on June 14 report grains with No 2 red wheat at about 1.11 to 1.12 per bushel, No 3 hard nominal, No 2 white at 76 to 77 cents, and oats No 2 around 38 to 44 cents. No 3 white nominal.
Quotations today show wheat prices with No 2 hard at 98 to 110 4c and No 8 red near 1.00 to 1.04. Corn lists No 2 mixed around 70 to 74c and No 8 white about 71 to 72c. Oats range No 2 white 49 to 50c and No 3 mixed 34 to 35c.
Kansas City grain prices ended steady on June 14 with Wheat July at 964 cents a bushel and September at 1.00, showing a flat session. Torn July at 69 1/2 cents and September at 74 1/2 cents also closed unchanged amid thin trading.
Local packing house quotations to dealers on Wednesday show dry salt extras at 14 1 4 c bacon extra at 16 4 c dry salt bellies 14 16 pound average 14 1 2 c fancy breakfast bacon 24 c fancy hams 14 8 c bacon bellies 14 16 pound average 18 4 c pure lard 14 4 c compound 12 c
The Texas Supreme Court recorded motions and submissions including a mandate and advancement in separate cases. Meanwhile the San Antonio Normal enrolled 297 students Wednesday, the twentieth session, with regular classes set to start Thursday and attendance exceeding last year’s first day.
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