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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 24, 1916
Page
7
At 8 a.m. observations note sea level air pressure changes and equalized pressure across a line. The record mentions temperatures and isograms showing points of equal pressure and temperature, illustrating measurement methods.
Market watchers note bullish sentiment as Liverpool cables and Mexican news influence cotton prices. Analysts cite supply concerns and demand cues from Asia and Europe.
Quotations from principal spot cotton markets show a bullish note with better demand in New Orleans where middling prices hit a season high. San Antonio reports advances in middling grades and local prices rising on Saturday, amid updated New York and Liverpool activity and favorable cables.
The New York cotton market opened firm with a 5 to 11 point advance on strong cables and rain reports in boll weevil areas. July moved from 13.16 to 13.23 while October traded 13.32 to 13.38, then rallied to 13.41 on covering before easing. October closed 13.27 with the general list 8 to 14 points higher.
New York June 24 cotton futures opened firm with July at 18.18 cents a pound and October at 13.38, 13.72 for oe, 13.55 for January, and 13. t for March. Futures closed easy.
In New Orleans on June 24 a firmer tone followed renewed rains and shaky Mexican prospects. Activity boosted by stronger demand with July and other months rising. spot prices up six points and closes showing a net advance of 7 to 10 points.
Liverpool spot cotton prices shown for good middling and middling grades with a small swing in quotes. Sales reach 2000 bales including 300 for speculation and export. receipts total 8000 bales.
New York on June 24 reports steady cotton futures with front contracts from July through June sustaining modest gains. Cotton seed quotations listed for July to December, with total sales around 2400. In Texas prickly pear destruction noted near Catarina amid drought, investigated by the State Department of Agriculture and a state entomologist.
Elgin market bulletin notes forty barrels of butter sold at 28 cents per pound, reflecting dairy prices and market activity for the day.
Weekend commerce in produce shows brisk trading as vendors offer choice lots. Tomatoes drop to 75 80 cents per four baskets, peaches fall to 63 75 cents, orange boxes at 2 dollars, while other prices hold steady. Rain needed for local crops. Poultry supply lean. butter and eggs steady. Provisions rise slightly with dry salt meats and hams up a half cent. Lard unchanged.
Shippers report farm product prices in San Antonio with butter and creamery items quoted. Poultry values include hens at 4000 per dozen, large fryers 4505.60, broilers 2503.60, turkeys 161 per pound, ducks 4 to 5 per dozen, geese 1.5 to 5 per dozen.
Chicago prices show butter down to 28 cents for creamery at 23 percent milk fat while eggs stay steady with 16,465 cases received. Potatoes unsettled with old receipts five cars. fresh receipts include 50 ears of Trumps at about 1.00 to 1.25. poultry alive lower with fowls at 14 cents and springs at 24 to 26 cents.
Wholesale notices list Texas and California prices for potatoes onions celery cabbage peppers lettuce and more. Fruits canned goods and grains follow with price ranges for apples bananas oranges lemons peaches prunes raisins and flour coffee rice sugar and meats.
Wheat prices firmed as reports said rain hindered Oklahoma harvest and Kansas City milling supplies were low. Futures moved higher with July near 90 cents and September around 1.03 dollars. Corn and oats followed with gains while hog price declines weighed on provisions.
Carlot buyers raided the prices Saturday for grain and hay delivered in San Antonio. Corn prices include Texas No. 3 at 54 1/2 cents, and Northern No. 3 white at 82 cents. Oats Texas No. 3 red 41 cents. May maize bulk 1.15, fettetta No. 3 bulk 1.15, Kaffir corn bulk 1.358, cane hay per ton 11, prairie hay per ton 10.50, Johnson grass per ten 31.090, alfalfa choice pea green New Mexico per ten 16.00.
Chicago Wheat and corn prices quoted with No. 2 goods nominal and common rates. No. 2 hard wheat nominal. No. 2 yellow corn 75 4 78 percent, oats 40 percent standard, barley 60 78 cents.
Quotations showing grain prices in Kansas City on June 24. Wheat No 2 hard at 96 3 quarters cents per bushel, No 2 soft at around 78 cents. Corn No 2 mixed around 70 to 71 cents, No 2 white near 75 cents. Oats No 2 white about 41 to 42 cents. No 2 mixed around 31 to 33 cents.
In Kansas City on June 4 grain futures closed with Wheat at 1c for July and 97 for September. Corn finished at 69% for July and 68% for September with minor shifts across contracts.
June 24 quotations show No. 2 red wheat at 1.09, No. 2 hard nominal, corn No. 2 at 73 to 74 cents, No. 2 white around 54 to 74 cents, and No. 2 oats at 8.5 to nominal.
Local market report from Chicago lists packing house quotations for Saturday. Dry salt bacon bellies and hams show about 14 to 15 percent. fancy bacon and breakfast bacon range around 14 to 16 pounds average 19 40 per hundredweight. pure lard compounds quoted at 12 cents.
In New York on June 24 news of copper trading shows little foreforeseen activity. Large producers cling to quotas for electrolytic copper at 29 to 29 1/2 cents for forward shipments. Resellers offer small lots at 27 to 28 cents for nearby and forward deliveries amid cautious demand due to the Mexican crisis.
Federal Judge Hand sustains government suit to dissolve the Corn Products Refining Company and allied concerns. He says the Federal Trade Commission acting as no master in chancery will arrange the details for the dissolution of the combination.
Market overview notes New Orleans price trends in the cotton trade. Reports show current bid levels and prominent price movements affecting merchants and growers. Analysts observe seasonal demand and regional supply factors shaping short term pricing.
The belt remains generally fair with above normal temperatures. Rainfall exceeding one inch reported in Augusta and Mobile areas including Wetumpka Dyersburg Arlington Batesville Malvern Mena Prescott Warren Chandler Oklahoma City Durant McAlester Pauls Valley Weatherford Vicksburg Brookhaven Yazoo City Mississippi and Oklahoma. Meteorologist Allen Buell notes the Cotton Region Bulletin.
In New Orleans on June 24 the rough rice market showed only nominal activity while clean rice remained strong with steady quotations. Receipts totaled 14 sacks rough and 3104 pockets clean with sales of clean Honduras at 643 pockets.
Savannah dated market notes show firm turpentine prices and strong receipts. Quotations range from about 5.05 to 5.50 per barrel with various grades listed. Sales, shipments, and stock levels across multiple firms are reported, illustrating a buoyant and complex regional trade.
Kansas City market notes show butter prices with creamery 29c firsts 27c seconds 25c packing 22c and a 21 25c figure for flats. Poultry figures list hens 14 15c, roosters 10c, springs 25c. New potatoes steady. Texas Oklahoma Louisiana Triumphs 1.00, old potatoes steady 75c for Minnesota Red Rural and Ohio varieties.
In Clarksville Texas on June 24 more than four hundred bales of cotton stored since 1915 were sold at 14 cents a pound on a middling basis.
Advertisement notes a round trip to New York priced at 84 dollars and 15 cents, with travel via New Orleans and by steamer, offered by Southern Pacific.
June 24 at Union Stock Yards shows dragging business due to light hog receipts and medium quality cattle. Local packers seek hogs with prices from 9.00 to 9.25, higher than Fort Worth, while cows brought 4.75 to 5.50 on Saturday and overall daily receipts included cattle 124 calves 62 hogs 53 horses 24.
Hogs cured at 1200 head to 9.80 for heavy and 9.75 for bulk, light hogs 9.70. Cattle receipts about 200 with prime fed steers 10.25 to 10.75, dressed cattle 8.00 to 10.00, southern steers 6.40 to 9.75, cows 5.00 to 8.25, heifers 7.25 to 10.00, stockers 6.75 to 9.00. Sheep receipts none with lambs 8.50 to 11.49, yearlings 8.00 to 8.50, wethers 6.25 to 7.50, ewes 6.00 to 8.00.
Chicago market data dated June 23 shows receipts for cattle and hogs with price ranges. Beef cattle fetches range from 3.75 to 11.39 per hundredweight, veal and calves noted, hogs include mixed and heavy categories, sheep and lambs listed with varied prices.
Market reports from St Louis and Fort Worth detail hog and cattle receipts and price ranges. Hogs sold mostly steady with bulk around 9.60 to 9.65 and heavy near 9.80. Cattle receipts 260 at St Louis with native steers 7.50 to 11.25 and prime cows up to 10.00. Fort Worth cattle and hogs show similar steadying trends. Additionally, South Texas Grocers adjourned their convention in Galveston with officers elected for the next meeting.
New York June 24 Bethlehem Steel furnished the only diversion at the opening of today's market with an initial gain of 16 percent at 444. Other changes were limited to fractions with Baldwin Locomotive Colorado Fuel and Chandler Motors up 1 to 1. Recessions hit Industrial Alcohol Marine preferred Tennessee Copper Maxwell Motors American Locomotive and Kindred Specialties. Later offerings fell with Alcohol down almost three points as short session focused on settling accounts. Prices moved uncertainly until close when a general improvement appeared. Bonds remained steady.
Mercantile paper quoted at 34 percent. Sterling one day bills at 4.72 percent and demand at 4.75 percent. Cables 4.767-16. Guilders demand 13, cables 4.19-16. Mexican dollars at 50. Government bonds soft while railroad bonds hold steady.
London market notes bar silver at 313 164 per ounce and 4 percent money. Discount rates show short bills at 5 percent, three months at 5 percent.
In New York metal markets on June 24 copper shows dull trading with nearby electrolytic at 27.00 to 29.25 dollars and Tron steady, tin firm with spot at 41.00 dollars. London spot copper at 98 pounds with futures at 96 pounds, tin spot 175 and futures 176 pounds Sa.
Cotton market figures show yesterday's stock at 43 384 and last week at 12077 while last year stood at 74594. The report notes a large deficit this season with incomplete figures and unclear details on demand.
New York reports cotton goods steady with young demand remaining high. Wool markets firm both domestically and abroad. Cutting trades unaffected by strikes busy, many increasing silk materials for waists and dresses.
Weekly statement shows banks and trust companies in Greater New York hold 109,602,410 in excess reserves, up 15,920,670 from last week. Loans reach 3,286,780,000 with declines in net demand and time deposits, while specie totals 377,931,000 in circulation of 31,655,000.
New York June 24 market for coffee futures shows lighter offerings and early steadiness giving way to a weaker session. The market closed 2 to 7 points lower amid renewed liquidation. Sales, including a few exports, are noted in the report.
Raw and refined sugar markets trade in New York following a holiday pause. Prices and volume show modest activity as buyers and sellers assess post holiday demand and supply dynamics.
Weather bulletin issued by the U S Department of Agriculture notes observations as of 8 am on Saturday June 24 1916. Wind speeds below ten miles per hour and precipitation under .01 inch are not published. Allen Buell meteorologist signs the bulletin.
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