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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 18, 1916
Page
29
Cloudy conditions with mist reported and wind arrows indicating gusts. Temperature records show a high of 96 and a low of 72 with an average near 81 for the day, while monthly excess reaches 8 and year total 543. Precipitation none in 24 hours to 7 p.m. with day deficit 0.06 and month deficit 1.44, year-to-date 3.83.
Straddle shorts saw the heaviest buying interest in the past week as investors shifted toward defensive positions. Traders noted rising demand among hedge funds and institutional accounts amid uncertain markets.
The June 17 summary notes a quiet irregular week with prices for October trading between 12.75 and 18.00 and late week around 12.92. Export demand and straddle trades influenced activity while poor crop conditions and cold weather raised doubts about taproots, keeping local buying restrained.
The New York cotton market opened steady with declines of 4 to advances of 8 points as Liverpool buyers and scattered covering supported near months. Prices firmed during early trading with October at 12.95 and December 18.11 before easing on forecasts of fair western belt weather and shifting Liverpool demand.
Futures opened steady with July at 12.71 and October at 13.93 while other marks showed 13.07 for Fopemeve and 13.18 for January. Close was barely steady, down 3 to 4 points from session highs.
Poor cables sparked a 1 to 4 point early decline in New Orleans cotton with later support. Trading months slipped 1 to 8 points from yesterday's close as traders reversed trades between American and English markets. Reports of heavy rainfall in Texas helped steady prices despite liquidation of long cotton over the weekend.
Futures prices showed a steady close after a day of varied moves in New Orleans with opening bids around 2.59 and July values near 212.63. Trade featured slight gains and losses across months with December and March futures cited alongside spot level indicators.
Liverpool June 17 spot cotton shows a weak market with good middling at 92.4 cents and middling 81.4 cents, low middling 79.84 cents. Trade includes 2000 bales with 800 for export and speculation. Receipts reported as none.
The market data shows scattered futures quotes with numerous gaps and small differentials. Rates are listed for multiple consecutive periods from June through June, highlighting volatility and incomplete figures across several contracts.
Over the past week rains were inconsistent causing vegetable shipments to shrink and push prices higher. Tomatoes eased slightly while Crystal Wax onions advanced from 3.75 to 2.25 per crate. late blackberries and June apples sold in limited quantities with modest prices. Poultry supplies remained ample and prices mostly steady, with hog prices up abroad but not lifting local provisions.
New York price progress for coffee as market strengthened after a steadier tone. The day opened 3 to 4 points higher and closed 9 to 12 points up with 19,600 sales. Closing bids listed multiple months from June to February with values from 8.12 to 8.73. Spot Rio and Santos futures noted as easier.
West Texas shipments head north for better range. Thirty-five cars pass through San Angelo toward Wyoming, with fifty cars two trains moving this morning. W. D. Mendal of Fort Stockton ships cattle killed for Wyoming. The Fl Sonora Cattle Company ships 25 cars from Pecos. W. J. Kennedy of Chancellor near Fort Stockton ships 25 cars to Muleshoe Texas.
NW ORLEANS La June 17 A strong tone continued in all grades of rice today with no sales and quotations unchanged Receipts rough 491 millers 291 clean 1293.
Quotations are mixed for Butter and potatoes with unsettled prices. Receipts show 9 cars from Minnesota and Dakota, 18 cars new receipts including Triumphs. Poultry alive and fowls available with lower demand and prices.
New York reports cotton goods quiet and yarns firm on June 17. Foreign wool prices rise as strong market signals persist. Ready to wear trade remains unsettled due to ongoing labor troubles.
Quotation report shows butter at 27 cents for firsts, hens 15 percent, roosters 10 cents, springs 26 cents. New potatoes weak with Texas and Oklahoma and Pennsylvania minus 61. pies and potatoes weak. Minnesota and Ohio prices around $1.00 to $1.10.
Rockdale reports two rainfalls in the week totaling about two inches. Telephone reports from Gause Mi jlano Cameron Ben Arnold Burlington Tracy San Gabriel Thorndale and points south indicate the county is thoroughly wet. A big corn crop is assured though a drying spell would help cotton. Crops are cultivated and rid of grain and weeds as gardens push forth promising growth.
U S Department of Agriculture weather bulletin notes observations taken at 7 p m Saturday June 17 1916. Wind speeds under ten miles per hour and precipitation under .01 inch are not published. Allen Buell meteorologist signs note.
Local market dull with no offerings as cattle quality remains medium and ranges dry. Hogs show stronger demand, prices near 9 dollars with tops around 9.25, while cattle trend easy to steady and sheep stay largely steady amid sparse receipts and rainless plains reports.
Fort Worth cattle prices show bees and cows varying from 4.25 to 9.60 with stocks at 6.00 to 6.75. receipts 550 and market slightly lower. Sheep none and lambs around 7.50 to 8.25, yearlings 7.75 8.25, ewes 6.60, pigs 4.25 7.00, calves to 9.00.
Hogs receipts 16,000 with slow trade. bulk 9.70 to 9.90, lights 9.45 to 9.85, mixed 9.46, pigs 7.60 to 9.00. Cattle receipts 400, market easy. native beef 7.85 to 11.40, western steers 3.50 to 9.50, stockers 6.00 to 8.80, cows and heifers 4.00 to 10.00, calves 8.50 to 11.76. Sheep receipts 000, market steady. wetherns 7.00 to 8.10, lambs 7.50 to 10.20, springs 8.00 to 11.60.
Receipts and quotations for hogs cattle and sheep. Hogs: receipts 1200 market lower bulk 9.40 9.70 heavy 9.65 9.75 light 9.65 9.85 pigs 8.60 8. Cattle: receipts 100 action steady prime fed steers 10.35 11.25 dressed beef steers 8.00 10.25 southern steers 6.40 9.80 cows 5.00 8.50 heifers 7.26 10.09 stockers 6.75 8.69. Sheep: receipts none market steady lambe 8.60 11.10 yearlings 7.75 8.50 wethers 6.25 7.50 ewes 6.00 7.00.
In Texas Panhandle, harvest hands are scarce as Labor Commissioner C W Woodman confirms demand for oat and wheat pickers and general farm labor. Amarillo agency reports shortages. prices not disclosed. Crop report notes drought and rain need across numerous counties affecting wheat, corn, cotton, and potatoes with varied yields and hail damage in Upshur Camp and Morris counties.
Nimvers paid prices for country produce delivered in San Antonio on Saturday. Exes steady. Texas country candied 19 20c per lb. Butter steady. Texas creamery 25 30c per lb. Country 20 25c and packing stock 18 1 2c per lb. Hens per dozen 4.00 6.50, large friers 4.50 6.50, broilers 2.50 6.50, turkeys 16 16 3 per lb, ducks 6.00 6.00 per dozen, geese 6.00 7.00.
Raw sugar ranges show centrifugal at 6.99, molasses 5.62, refined steady 8.80, cut loaf 8.80, crush 8.66, mould A 8.15, cubes 8.15, XXX powdered 7.40, powdered 7.75, fine granulated 7.65, diamond A 7.665, confectioners A 7.56, No 3 7.60.
Savannah agents report turpentine at 28 to 29 cents with 859 receipts and 6 421 shipments. Resin firm shows sales 1946, receipts 2287, shipments 6471, stock 60 441 with varied quotations across grades and suppliers.
New York June 17 reports the spot cotton seed oil at 10.60 to 10.85 dollars while futures for June to December show small variations around 10.60. Trade volume listed as 9,700 units with unclear January price and some garbled entries.
New York reports ongoing unease as Mexican situation and border tensions influence markets. Russian loan stabilizes after week of transactions with Anglo French interests eyeing new undertakings. Utilities, railroads, and war issues show mixed movement while United Fruit climbs and bonds vary. Closing rates reflect a heavy session with weekend selling and limited gains.
The weather in the belts generally fair with near normal temperatures. Rainfall of an inch or more reported at Goldsboro North Carolina Ardmore Oklahoma and Yemasmee. Allen Buell meteorologist Weather Bureau.
The New York week ending June 17 shows total reserves in excess of legal requirements at $93,681,740, up $21,408,440 from last week. Loans total $8,310,844,000 with a $20,155,000 decrease. net deposits rise modestly as other reserve items shift.
St Louis stock market report shows hog receipts 6000 with mixed to good heavy prices 8.00 to 9.95. Cattle receipts 350 with native beef steers 7.50 to 11.15 and prime yearling stock 8.75 to 10.25. Sheep receipts none, market steady with lambs priced around 4.00.
New York traders report mercantile paper at 34% and 8% rates while sterling remains steady with demand around 4.76 and cables near 4.72. Government bonds weaken, railroad issues fluctuate, time notes show slight firmness with 60 day at 4% and 90 day and six month at 3% to 4%.
In New York on June 17, the raw and refined sugar markets show holiday activity with unsettled pricing and steady demand. Traders monitor futures tone, export talk, and nearby supply as producers weigh output plans during the seasonal lull.
New York reports rumors that foreign buyers' orders may be pending in copper but no solid business. Resellers still offer small lots of electrolytic at 27 to 28 cents for near and forward delivery. Quotas from leading agencies hold at 29 to 29.5 cents for October and later.
Tons of British sovereigns have crossed the Atlantic over six months and are melted and stacked in the sub treasury and mints. About 19.9 million dollars in coin arrived at the local mint, with 2 million from Ottawa yesterday, and stacks of gold bars are valued around seven thousand dollars each. Air tests on modern warships show purity higher than typical barracks air.
Chicago reports July wheat slipping to about 1.01 a bushel with September near 1.03 amid nervous grain markets. Lower Liverpool quotes and Canada crop estimates weigh, while corn oats and hog provisions move with the wheat trend.
Saturday grain and hay prices in SsCorn Texas list prices by grade for corn oats and hay products. No. 9 mined price 80 cents for corn No. 3 red 41 cents oats Milo maize and feeds priced per ton with cane hay prairie hay Johnson grass alfalfa listed at $10.50 to $16 per ton depending on variety.
Quotations from Kansas City show wheat at 95 2/3 to 96 1/2 cents, No 3 mixed corn around 39 to 40 cents, with mixed soybeans noted in the day’s market report.
Kansas City June 17 grain futures closed steady Wheat for July at 88 percent and Corn for July at a similar level amid quiet trading. Prices held firm with little change from the prior session as traders awaited fresh catalysts.
Quotations for Chicago cash grain show No 2 red and hard wheat at nominal, No 2 yellow corn around 39 1/2 cents, and barley at about 68 1/2 to 69 cents per bushel.
The St Louis wheat quotation lists No 2 red at around 1.13 to 1.25 a bushel and No 2 white near 1.76 to 1.87 with other grades shown in fractional cents. Market notes indicate steady prices with minor variations across grades.
Quotations from Chicago packing houses list local prices to be dealt ere Saturday. Dry salt extras 14%c bacon extras 16%c dry salt bellies 17c 16 poundage fancy breakfast bacon fancy hams bacon bellies 16 184 c¢ Pure lard 14%c compound 124%¢.
Elgin June 17 butter tubs sold at 28 percent, with buyers reporting strong demand. Local traders note steady pace as markets push favored dairy products.
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