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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 21, 1916
Page
11
Market notes show a heavy realization pressure in cotton with advancing prices. demand broadens as traders gauge supply. Analysts cite persistent buying by mills and tighter supplies amid uncertain weather and export dynamics.
Quotations from Principal spot markets and local prices for graded cotton. Profit taking followed a Tuesday rise of 3 per bale with demand broadening. New Orleans showed early gains but retraced. Active months rose above Tuesday close, government acreage report due July 1. San Antonio compress prices show strict low middling and higher grades around 12.00 to 12.60 cents.
The New York cotton market opened with a firm advance of 5 to 8 points led by October at 13.24 and December 13.43. Heavy realizing and selling from New Orleans and local traders pulled prices back 4 to 6 points, with October down to 13.12 and December to 13.28. A later rebound followed a weather bureau note on cold and wet northern belt conditions, lifting prices 2 to 3 points from the day’s lows.
New Orleans July futures open firm but face heavy selling, with prices slipping 1 to 2 points from yesterday by midmorning. Bulls cite favorable weekly crop reports. noon shows a net decline of 1 to 2 points before a seven point late rebound. Liverpool and New York notes reflect steady to mixed moves with spot prices steady near high middling levels and futures modest gains.
Turpentine and resin market data from Savannah shows activity with 38 percent and 29 percent notes, sales at 395, receipts 859, shipments 493, and stock 12 074. Resin firm totals include 1 172 receipts 2 520 shipments and 61 973 stock, with quoted prices ranging around 5.30 to 8.00 dollars and varying grades denoted by letters.
Oddard Dayton offers a five passenger vehicle for cash or trade for any value. Call Crockett 168 for details and arrangements.
Two car loads of San Antonio district poultry were sent Wed to commission houses in New York. Prices held steady except duck and goose at $1.00 per dozen lower. Canteloupes boosted shipments with small crates at $1.00 and larger crates at $2.50. Receipts and demand in produce were strong, while Ft Sam Houston encampments support fresh supplies from local houses.
San Antonio buyers paid steady prices for country produce including butter creamery at 25 to 30 cents per pound and poultry mostly steady with hens at 4 dollars per dozen. Chicago quotations show butter 25 to 28 cents, eggs up with firsts 21 to 21 1/2 cents, potatoes lower with regional lots listed, poultry alive steady at 17 cents per pound.
Quotations today show weak new potatoes from Texas Oklahoma and Louisiana Triumphs at 1.10 to 1.15 per unit, while old potatoes also weak. Butter prices stand at 29 cents for creamery and lower for other grades, with poultry advancing hens at 15, roasters 10 and springs 25. Minnesota Red Potatoes and Ohio Rubrus? are listed around 1.00 to 1.10.
Union Stock Yards report shows local packing houses seeking more hogs than received for the San Antonio market. Hog prices ranged from 9.25 to 9.40 with light receipts and a subdued market. Cattle and calf prices held relatively steady while hogs stayed higher in Chicago trading. Receipts Wednesday totaled 650 cattle, 260 calves, 225 hogs and 30 horses.
Fort Worth Texas cattle receipts reach about five thousand with beef prices holding firm. Beeves range around six thousand five hundred dollars, stockers five to six dollars, cows four to seven dollars, heifers five to eight fifty, and bulk trades around nine dollars. Sheep show twelve thousand three hundred nine receipts with lambs nine to nine fifty and yearlings eight to eight fifty, goats four dollars.
Kansas City market report shows cattle receipts around 000 with steady to strong trends. Prime fed steers quoted between 10.25 and 11.15, dressed beef steers 8.00 to 10.25, cows 5.00 to 8.25, heifers 7.25 to 10.00, stockers 6.75 to 9.25. Sheep receipts around 7000 with lambs 8.50 to 11.00, yearlings 7.75 to 8.50, wethers 6.54 to 7.50, ewes 6.00 to 9.78.
In New York Tead at 6.80 dollars with Spelter weak. London metal markets quote Lead at 31 pounds and Spelter at 67 pounds. In San Angelo Texas 1600 lambs and 2600 ewes sold for about 20,000 dollars. purchasers include J A Harwick via Arthur Henderson and the Hill Commission Company reporting for Bob Campbell.
Chicago market overview shows hog receipts at 26 000 with bulk 9.70 to 9.90 and mixed 9.50 to 10.00. cattle receipts 16 000 with native beef cattle 7.70 to 11.40 and western steers 8.40 to 9.45. stockers 5.90 to 8.79. cows and heifers 3.99 to 9.40. calves 8.59 to 12.00. sheep receipts 12 000 with wethers 7.00 to 8.00. lambs 7.50 to 10.20. ewes 5.15 to 3.76.
June 21 market notes show open Fork prices and futures for pork products and packing house quotes. Local packing house details include bacon bellies dry salt and hams with cents per pound figures and lard pricing.
New York June 21 cotton goods were quiet with a slightly firmer tone in some gray cloth for spot delivery. Duck goods remained firm. Mens wear for fall showed firmness yet remained quiet in activity.
New Orleans reports strong rice tones with 2,186 clean Honduras and 8 Japan sold. East Texas crops outlook improves with good rains aiding cotton and corn, boll weevil absence noted. travel ad and hotel dining options listed.
New Orleans cotton prices report current market levels with brief price ranges and daily movement. Analyses focus on nearby futures and cash prices for local buyers and sellers, noting supply tightness and demand signals affecting regional trading.
Wheat opened lower amid weaker cables and good Southwest weather. July and September futures traded off then edged higher before closing nervously lower. Corn and oats fell early then recovered but ended unsettled. Provisions climbed sharply with rising hog prices.
Carlot buyers reported prices for grain and hay in San Antonio Texas. Prices included Texas No 8 mixed 84 1 2 cents, Northern No 3 white 86 1 2 cents, oats red 41 cents, Milenaize No 8 bulk 1.15, feterita No 3 bulk 1.15, Kaffir corn No 3 bulk 8.15, cane hay 11 per ton, prairie hay 10.50 per ton, Johnson grass 11 per ton, alfalfa choice pea green New Mexico 16 per ton.
Hogs receipts 7600 higher prices for hogs and meats with mixed and butchers 9.75 to 10.00. Cattle receipts 4500 steady with native and Texas Oklahoma steers and cows and yearlings priced from 5.50 to 10.25. Sheep receipts 4000 steady with wethers 6.00 to 8.00, ewes 4.00 to 7.50, lambs 7.00 to 10.00.
Sam H. Hill came back from Weiser Idaho after two weeks assessing 499 Shropshire and Rambouillet ducks. He plans to ship to San Angelo on August 1. Hill notes Idaho sheep shortages of about 20 percent this year with higher selling prices than ever before.
The Department of Agriculture reports fifteen major producing states show watermelon acreage at 100,965 acres, up from 96,508 last year, while cantaloupe acreage dips to 41,273 from 41,981. Georgia leads watermelon, California leads cantaloupe. Texas ranks notably in both crops with sizable acreage changes.
The weekly Southern Pine Association bulletin for New Orleans shows New business booked 74,965,737 feet and shipped 87,489,941 feet in the week ending Friday. Orders on hand total 252,981,272 feet.
Wheat No 2 red and No 2 hard quoted around 1.03 and 1.39 dollars per bushel. Corn No 2 yellow offered at about 77 to 78 cents. Barley listed near 60 to 78 cents with standard date 4014.
Oklahoma City market receipts show cattle 2100 steady to slightly lower hogs 2600 up ten cents top nine seventy sheep 200 light trading. Cotton seed oil quotes New York June 21 show July at 11.04 11.05 and December at 8.93 8.95 with total sales 23800.
Wheat prices show No 2 hard and No 2 red quoted around 1.11 with nominal figures. No 2 yellow corn and No 2 white oats appear in garbled figures, reflecting a brief market update from St Louis on June 2.
Fragmentary Kansas data shows quotations and percentages for No 2 items including hard, mixed, and cat categories with values around 7.04 72 percent and 40 percent. The garbled text lacks clear entities or context beyond item codes and rough figures dated June 21.
Kansas City grain futures finish session with July wheat at 9.64 cents and September 9.8? cents, July corn 71? cents and September 70 cents. Markets note weekly Sunday return and mention 8:13 p.m. 9:18.
Official United States cotton standards have been adopted by the Clarksdale, Greenville, Greenwood, and Yazoo City cotton exchanges in Mississippi, bringing the total to 31 exchanges and associations approving the standards, announced by the Department of Agriculture.
New York on June 1 shows raw sugar dull at 6.39 and molasses 5.62. Refined goods muted with cut loaf 8.80 and powdered 7.80. Various grades listed including granulated 7.65 and confectioners A 7.65, Nev. 1 7.50.
New York stocks open with gains in shipping and rock Island issues. Marine preferred up over a point. Rock Island and debentures climb. Denver and Rio Grande preferred active. Mexicans and petroleum shares advance. United States Steel and Crucible Steel modestly higher. Market unsettled as Mexican tensions weigh on metals and many early gains fade.
Texas mine production in 1918 totaled 1503 in gold and 675,478 ounces of silver with 219,298 pounds of lead 42,491 pounds of copper and 80,395 pounds of zinc valued at 865,480. Silver remains dominant with 144,656 ounces more than 1914. Most silver from Presidio district’s Shafter mine and cyanidation mill. other contributions from Allamoore Van Horn Culberson Sierra Blanca Llano districts.
U.S. Department of Agriculture Weather Bulletin notes morning observations for Wednesday June 21, 1916. Wind speeds under ten miles per hour and precipitation under .01 inch are not reported. Allen Buell, Meteorologist, signs the bulletin.
Trading in Mexican money in San Antonio Wednesday showed quotations at 8:15 a.m. and 9:15 a.m. with brief notes on Sunday returns.
A Department of Agriculture report shows long staple upland cotton 1 1/2 inches and longer totaling 25 900 bales, 7.4 percent of the 1915 crop with Mississippi Texas Arkansas South Carolina and Oklahoma as top producers. The price margin over short staple runs about two cents per pound, with premiums of five cents per pound common in Mississippi and South Carolina.
The railroad commission announced the new class tariff will take effect August 1 instead of June 28. The earlier plan had set June 26 as the start date. Adv. rates cited include 84.15 dollars for New York round trip via New Orleans and steamer, Southern Pacific.
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