Advance of 20 Points in Cotton On Heavy Buying
Market moves up on strong demand as cotton advances about twenty points amid a bullish tone. Mexican crisis cited as a factor, with fears of a shortage boosting activity and prices.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 20, 1916
Page
13
Market moves up on strong demand as cotton advances about twenty points amid a bullish tone. Mexican crisis cited as a factor, with fears of a shortage boosting activity and prices.
Quotations from the principal spot cotton markets show a strong upward turn with advances of 21 points in active months. Mexican demand, Liverpool reports, and lower ocean freights contributed to buyer confidence as New Orleans and New York opened higher and prices climbed throughout the session. Local San Antonio prices ranged with middling around 10.60 to 12.50 per unit across grades.
The New York cotton market starts active with first prices 14 to 16 points up amid sharp Liverpool advances and bullish Mexico views. October contracts rise to about 18.24, while overall gains run 15 to 18 points before midday. later trading steadies with mixed advances and quiet turnover.
In New Orleans on June 20, a mixed view of the Mexican situation and favorable cables spurred buying in cotton. Trading opened up 14 to 18 cents, with prices rising 12 points at first and closing the day 21 to 27 points higher and very steady.
The New Orleans futures market shows July 69 and other contract levels with gains and steady closes. Cottonseed oil quotes in New York list several month figures and sales total 23,200, reflecting market activity on June 20.
Mamie Ross reports peaches at the plentiful stage with shipments from Arp and Pickton. Crates sell for 1 dollar, four baskets, or 2 dollars per bushel hamper. Canteloupes arrive in larger lots at 1.26 per crate. Minor price rises in dry salt meats and lard, hams and bacons steady. Market overall steady amid Mexican situation.
Wholesale to retailers lists extensive prices for Texas and California produce. Potatoes onions celery cabbage peppers beets beans squash carrots turnips chili peppers lettuce parsley spinach cucumbers cantaloupes watermelons and more with per crate per hundredweight per dozen and per box figures, plus canned goods flour coffee sugar and meats. Prices vary by region, variety, and pack, including specific crate sizes and case lot listings.
The board of control of Texas experimental stations acquired a 6120 acre ranch in Sutton and Edwards counties to establish a goat experimental farm. The legislature provided 10000 dollars for the purchase, with local residents contributing 8000 dollars to cover the shortfall.
A Boston Transcript item notes a lawyer accused of pocketing 65 percent of an estate, prompting reflection on the line often misattributed to Shakespeare about the uses of adversity. The exchange questions source and ownership of the famous adage.
Wet Southwest weather spurs bullish wheat action in Chicago with July around 1.02 to 1.03 and September about 1.05. Corn gains follow, oats firm on demand for army use, and provisions rise slightly. cash grain and hay prices in San Antonio list Texan and Northern corn, red oats, milo, kaffir, and hay values per lot and ton.
Chicago reports July and September wheat and corn bids with price quotes. July September December figures range around 1.05 for wheat and 73 to 64 cents for corn, plus date quotes for July and September.
Quotations today show wheat at No 2 red 1.62 to 1.024, No 2 hard 1.02 to 1.03, corn No 2 yellow 75 to 76 cents, oats standard 40 to 40 1/2, barley 60 to 79 cents. Prices reflect modest variation across grain types.
Dry salt extras 15 percent, bacon extras 16 cents, dry salt bellies 14 16 pound average 17 cents. Fancy breakfast bacon 26 cents, fancy hams 21 cents, bacon bellies 14 16 pound average 184 cents. Pure lard 11 4 percent, compound 12 cents.
Kansas City June 20 grain futures closed mixed wheat at July 96 3/4 cents and September 68 3/4 cents while corn for July 71 cents and September 70 cents reflecting quiet trading in the zone.
Shippers market report shows Kuyera buying country produce in San Antonio on Tuesday with prices listed for butter creaming, poultry, and ducks. Butter around 19 to 25 cents per pound, country 20 to 25 cents, packing stock 18 1 2 cents. Poultry steady with hens at 4 to 6 dollars per dozen, turkeys about 15 cents per pound, ducks 5 to 6 dollars per dozen, geese 6 to 7 dollars per dozen.
Chicago June 20 prices for butter unsettled creamery 25 28 cents. Eggs higher with receipts 18 020 cases first 21 21 and ordinary first 19 20 cents. Potatoes unsettled old receipts 23 cars Michigan Wisconsin Minnesota and Dakota white 1.20. Minnesota and Dakota Ohios 1.15 to 1.22. New receipts 38 cars Triumphe sacked 1.40 to 1.65. Virginia and Carolina barreled 4.50 to 5.00. Poultry alive fowls 17 cents.
Quotations today show butter at 29c for creamery and 27c firsts with 25c for seconds. Eggs at 2lEc retail. Poultry prices include hens 16c roasters 10c and springs 25c. Potatoes weak with new Texas Oklahoma Louisiana Triumphs at 1.25 and old potatoes weak. Minnesota Red Ruralis and Ohios at 1.60.
Turpentine firm showed sales 63 2, receipts 264, stock 11 708 with no shipments. Resin firm posted sales 1032, receipts 654, no shipments. quotes range from 5.08 to 6.25 for various products plus window glass and water white prices.
Raw sugar values listed in New York trade include centrifugal at 6.39 and molasses at 5.62 with refined grades steady from cut loaf to con fectioners A. A Russian inventor unveils a swimming suit featuring food compartments a weighted keel and leg fins to aid propulsion and buoyancy.
New Orleans market snapshot reports seven price points, showing current values for cotton futures and spot quotes. Dealers monitor trends in fiber markets as trade activity unfolds in early sessions.
Local cattle prices held steady with good stock in demand from 56 to 60.50 a hundredweight. Hogs stayed at 9 to 9.25, while Chicago and Kansas City showed strength. Government buys 75,000 horses and mules amid preps for Mexico. yard receipts listed cattle 687, calves 249, hogs 82, horses 125.
Oklahoma City receipts show 900 cattle and 2900 hogs with hogs 10 to 15 cents higher and top at 9.60. listed names from Texas and Oklahoma report varied prices. Kansas City quarantine cattle sales totaled 34 cars with an average price around 9.40 and sheep around 5000 head with 50 to 16 cent changes.
In New York on June 20 buying and short covering gave a firmer tone to trading. The sole impact of the note to Carranza was a reduced activity level. The session closed firm with modest gains observed overall.
The Southern Pine Association weekly market report shows New business booked 74,965,787 feet shipped 87,489,941 feet and orders on hand 362,931,272 feet at close of business Friday in New Orleans.
Marine Intelligence reports Claus A. Spreckles president of the Federal Sugar Refining Company told stockholders in New York on June 20 that high sugar prices will persist for some time and that no portion of the surplus will be attributed to common shareholders at present.
Fort Worth Texas June 20 cattle receipts 3000 market steady beef calves 4.25 to 9.50 stockers 5.00 to 6.75 heifers 5.50 to 8.50 bulls 4.25 to 6.25 calves 4.25 to 9.50 Hog receipts 1000 market up ten cents bulk 9.40 to 9.55 heavy 9.65 medium 9.59 to 9.60 mixed 9.40 to 9.60 light 9.25 to 7.60 piglets 4.50 to 7.00 Sheep and lambs receipts 2500 market steady lambs 9.00 to 9.50 yearlings 7.75 to 8.80 wethers 6.50 to 7.00 ewes 6.00 to 6.50 goats 3.75 to 4.78.
Receipts and quotations for hogs cattle and sheep listed. Hog prices show strong bulk and heavy classes around 9.45 to 9.75, pigs 8.50 to 8.75. Cattle receipts 10,006 with steady market. prime fed steers 10.25 to 11.15, dressed beef 9.00 to 10.26, southern steers 6.40 to 9.75, cows 5.00 to 8.26, heifers 7.25 to 10.00, stockers 6.76 to 8.75. Sheep receipts 5,000, market steady. lambs 11.00, yearlings 7.75 to 8.60, wethers 6.25 to 7.50, ewes 6.00 to 8.00.
Chicago hogs receipts 16 000 market higher bulk nine fifty five to nine seventy five light nine sixteen to nine seventy five mixed nine two oh nine eighty heavy nine fifteen to nine eighty five rough nine fifteen to nine thirty five pigs seven forty to nine oh zero cattle receipts four thousand market weak native beef cattle seven seventy nine to eleven forty western cattle five ninety to eight seventy cows nine zero to nine ninety calves eight sixty to eleven sixty nine sheep receipts thirteen thousand nine hundred market weak western seven to seven ninety lambs seven fifty to ten twenty springs eight to eleven fifty
Slaughter hog receipts total 11 900 with prices from 7.76 to 9.99 for various grades. cattle receipts 9000 and steady to slow trading with ranges for native beef steers 7.50 to 11.36 and cows 5.50 to 8.50. stockers 5 to 6.60. prime yearling steers 8.56 to 10.25. native calves 6.00. sheep receipts 600 with markets steady and prices for wethers 5.00 to 8.00, clipped lambs 6.09 to 10.00, spring lambs 7.00 to 11.56.
Austin news reports D. M. Reedy former legislator visiting with the state warehouse department says rains have boosted cotton and corn growth and prospects for an abundant yield are encouraging. He notes an absence of boll weevils this year.
New York on June 26 reports cotton duck rising in price as demand builds for government use. Khaki twill inquiries increased, while mills show strong orders. Cotton fabrics remained generally quiet and raw silk held steady.
The New York coffee market opened with mixed moves and closed slightly below the best level, showing a net gain of 7 to 9 points amid sales of 32,600 bags. Prices ranged across the prompt and distant months from June 8.15 to May 8.76 with spot shipments quiet at Rio 9 1/2 and Santos 4 1/0.
New Orleans reports a steady rice tone across grades with receipts of 80. Honduras rough 7 71, clean Honduras 4 5, Japan 3 ½, Poland 25 to 26 per ton, bran 15 to 20. Prices show consistent demand despite varied grades.
Observations at 8 am Tuesday June 20 1916 report wind under ten mph and rainfall under .01 inch not noted. Allen Buell meteorologist notes above normal temperatures and rainfall of an inch or more in Greensboro N C Maison Fla Dyersburg and Milan Tenn.
Liverpool June 20. Cotton spot prices held steady with good middling at 32 2 3d and middling 164. Receipts totaled 5060 bales with 1500 sold for speculation and export.
A Liverpool market summary shows forward rates for multiple monthly pairs from June through June of next year. Values decline gradually from June to February with minor fluctuations across the listed periods.
Output valued at 365 480 dollars in 1915 with 675 473 ounces of silver and notable gains in 1916 silver production. Main source remains the Presidio silver mine and cyanidation mill in Shafter district Presidio County, with additional ore from Allamoore Van Horn Culberson Sierra Blanca and Liano districts.
Hillsboro Texas June 20 R B Wheeler a farmer was instantly killed when his wagon collided with a southbound interurban car at Piedmont. His ten year old son was badly injured and died later from the injuries.
Washington June 20 final census figures put U S cotton production at 11 191 820 equivalent 600 pound bales the smallest since 1909. Oklahoma shows the largest drop with output barely over half of 1914. Intercotton set a record as 880 780 bales were ginned. Texas Georgia South Carolina and Alabama supplied nearly two thirds. Ellis County Texas led with 117 337 bales. Bolivar County Mississippi followed with 102 838 bales.
Petrogad reports a fifty million dollar banking credit completed today between five New York financial houses and the Russian government. The deal is secured by a Russia deposit of 159,990,600 rubles in a local bank and includes an option to buy 100,000,000 rubles of Russian government bonds at 94.4.
Reports from Athens indicate bread riots in Patras Aigina Malias and Agrinion as Greece struggles with food shortages. The Greek general staff cannot demobilize several Macedonian corps due to ships requisitioned for their passage home by the blockade.
New York June 20. Any employee of the Western Union with over one year of service will receive half pay during military service if called with the national guard, provided this does not exceed their normal salary when combined with military pay.
Help wanted ad seeks ten young ladies with no experience for a motion picture part at Don-Ton Park 125 W Commerce St. Interview in person at the venue. Bring a recent photo and call Crockett 365.
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