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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 27, 1916
Page
11
Market observers report July notices impacting cotton trading with notable price moves. Liverpool named as seller in the trading activity, drawing attention to shipping and supply dynamics affecting futures quotations.
The article covers the June 27 cotton market with nerves and irregularities in New York and New Orleans. It cites a National Ginners' crop estimate around 80.1, discusses near term buying and weather influence, and lists local prices for San Antonio middling grades with fluctuations across regions and delivery points.
The New York cotton market opened nervously amid uncertainty over July notices. July slips to near last night’s close before buyers pull prices back. spot interests buy near months as July notices edge about 30,000 bales. By afternoon, July liqudation weighs on prices, October at 13.16 and December 12.33, but rallies from the low limit losses.
Cotton prices moved up 3 to 6 points in early trading on good cables and shows of rain across the belt. News of favorable condition reports supported gains, while later selling and mixed notes from the New York market left months down slightly and the day ending with a net small decline.
Liverpool June 27 cotton market notes easter good middling at 8.40d middling 8.244 saw middling 808d with 4000 sales for speculation and Y coat 400. Receipts
Liverpool reports quiet futures trading with rates listed for multiple month spreads from June 8.034 to June-July 7.724. The document provides specific forward prices including June-July at 7.98d and other calendar spreads through June-July 17.724, reflecting a calm session.
New York June 27 reports cotton seed oil prices for July through December with bid and ask figures. July at 10.82 to 10.86, August 10.769 to 10.77, September 10.72, October 9.78 to 9.79, November 8.82 to 8.84, December 8.72 to 8.74. Total sales 16,200.
Raw sugar remained firm as of June 27 in New York with centrifugal prices around 36.40 cents per pound. Molasses traded at about 5.68. Refined sugars held steady with various grades listed from 7.65 to 8.80 per unit, reflecting a cautious market.
East Texas tomato shipments bring strong demand and steady prices as Commissioner Davis notes a lucrative day for growers, with about 40000 dollars reported in a single day. The report also covers cotton boll weevil concerns, fruit prices, and steady arrivals of potatoes onions and cantaloupe.
June 27 report shows local packing house quotations for dealers. Dry salt extras at 15 percent, bacon extras at 16 to 14 pounds average 17 percent, fancy breakfast bacon 21 percent, bacon bellies 14 to 16 pounds average 1 percent, pure lard 14 percent, compound 12 percent.
Nuyergs reported steady values for Texas country candled cattle butter and poultry. Creamery butter brought 30 cents per pound, country butter 25 to 30 cents, packing stock 18 to 19 cents, and turkeys 16 to 17 cents per pound with various poultry items priced per dozen or per pound.
Quotations today show butter creamery 29c firsts 37c seconds 25c packing 22c. Eggs firsts 21.75c. Poultry hens leé roosters 10?4c springs 25c. New potatoes weak. Regional potatoes vary with Triumphs 75c old slow in Texas Oklahoma Louisiana and Minnesota Red Ruralé Ohios 75 90c.
Butter prices steady to lower with creamery at 23 1 4 to 28 cents. Receipts listed at 19 572 cases. Potatoes unsettled with old receipts and new arrivals including Triumphs priced around 0 to 1.15. Poultry alive lower with fowls at 16 1 6 to 26 cents.
In New York on June 27 cotton goods remained steady and quiet as government orders for more army goods and materials arrived. Wool goods stayed firm while raw silk showed slight irregularity.
New York traders saw a renewed liquidation across July and later months with prices hitting new lows. The market closed down 6 to 12 points for the day with values listed for several contract months and total sales at 87,750 bags amid spot ball and Santos bids.
Higher cable quotations and free buying by a leading speculator pushed wheat prices higher in Chicago trading. Openings rose to about one cent, July futures around 1.01 to 1.024, with later upturn and a moderate retreat as selling by curbers took hold. Corn exports steady, oats unchanged, and provisions slightly higher despite a large global supply.
Carlots buyers posted prices for grain and hay in San Antonio Tue. Corn ranged from 82¢ to 86c for mixed lots with white varieties at 86c. Oats red was listed as die. Hay prices included Mile maize bulk 1.15, feterita 1.15, kaffir corn 1.15, cane hay 211 per ton, prairie 10.50, Johnson grass 11.00, and alfalfa New Mexico at 16 per ton.
Wheat No 2 red 91.04 3 price. No 2 hard 1.02 1.03 percent. Corn No 2 yellow 77 percent 78e. Oats Standard 40 4 percent. Barley 60 78e.
Quotations show No 2 hard wheat at 97 104 cents, No 2 mixed corn at 72 73 cents, No 3 at 21 cents, and No 2 white oats at 40 41 cents per bushel.
ST. LOUIS report shows grain notations with No. 2 red wheat at 1.17 and No. 2 hard nominal, corn No. 2 at 5 %, No. 2 white at nominal, oats No. 2 at 39 ¢ and No. 2 white at nominal for June 27.
Kansas City June 27 grain futures close with Wheat at 94 1/2 cents for July and 97 for Sept. Corn fronts at 71 1/2 cents for July and 69 1/2 cents for Sept. Prices show modest shifts in response to market trading.
June 27 cattle sale results list consignors and volumes from Sullivan Falfurrias Miller Richland Springs Branch Edna Reidel Nordheim Rodriguez Laredo. Steers and stocker calves sold with prices around 4.10 to 8.00 dollars per hundredweight.
Market report from Oklahoma City dated June 27 shows 1500 cattle steady with hogs at 2400 steady and top hog price $8.85. Sheep near 400 steady. Reads like daily sales by E. B. Johnson of Norman with steer lots around 1000 pounds priced at about $8.40.
New York June 27 weekly Pine Association report shows at close of business Friday new businesses 5,715 014 feet shipped 1 646 642 dollars orders on hand 263 281 488 feet.
New York reports June 27 lead at 6.90 with dull demand and East St. Louis delivery 11 percent asked. London quotes copper and tin with spot and futures in pence per pound and sterling, electrolytic copper futures 130d, spot 102d, and tin at 39.00 with varied quotes for spelter and iron steady.
Market brief noting New Orleans cotton price levels and immediate trends. Quoted traders and brokers describe supply demand shifts, with tentative outlooks and nearby futures movement. No detailed trades provided.
June 27 local cattle market shows steadier tone with improved receipts and close. Cows 4.00 to 5.50 dollars, steers 5.00 to 6.50, calves 5.59 to 7.00. hogs strong demand 6.00 to 6.60, lighter since. Texas steers priced 5.50 to 9.90 in St Louis market. local receipts cattle 500, calves 191, hogs 59, sheep 2.
The Cotton Region bulletin reports unsettled weather across the belt with temperatures above normal. Rainfall exceeds an inch at Fidarat0 Mena Arkansas Arlington Tennessee Hernando Mississippi St Matthews Yemasace Bainbridge Valdosta Chandler Okemah Shawnee Fufaula Alexandria Amite Dublin Haskell Quansh Ter and nearby notes. Allen Ruell meteorologist at Weather Bureau confirms the conditions.
Fort Worth stockyards report cattle receipts around 2500 with steady prices. Beeves range about 6.59 to 6.60, stockers 5.00 to 6.50, cows 4.00 to 6.60, calves near 4.00 to 9.50, hogs seen 9.00 to 9.85 with bulk around 9.85, yearlings 8.00 to 8.60, sheep and goats trading in the 4.00 to 6.50 range, pigs around 4.50 to 6.60. Overall steady trading across livestock categories.
Chicago on June 27 reports hogs receipts 12 006 with mixed to high quality bids from 7.60 to 9.90. Cattle receipts 2000 with steers and cows showing prices from 2.75 to 11.75, calves 8.50 to 11.75. Sheep receipts 11 000 with wethers 7.00 to 8.00 and lambs 7.40 to 9.75.
June 27 receipts limit hogs to 7000 with prices from 9.78 to 10.00 for heavy and mixed lots. cattle receipts 7000 with ranges from 4.00 to 10.25 for various classes. sheep receipts 8590 with wethers 6.00 to 8.00 and lambs 6.00 to 11.49. Prices cited reflect steady to lower trends across hogs cattle and sheep.
Receipts and quotations show Nogs with 12 000 receipts and mixed bulk and night quotes. Cattle receipts around 11 000 with prime fed steers at 10.25 to 10.75 and cows up to 8.25. stockers at 6.75 to 9.09. sheep receipts about 10 000 with lambs 8.50 to 11.00 and ewes 6.00 to 7.75.
The Texas comptroller's department reports a flood of inquiries from retail dealers statewide about whether the development will follow the Dallas Court of Civil Appeals ruling on the so called fun time decision.
U S Department of Agriculture weather bulletin notes wind under ten mph and rainfall below .01 inch not published. A church seeks a night watchman with an applicant asking if preaching at night is required.
Trading opens with declines for several majors such as Texas Company American Can United States Smelting United Fruit and Maxwell Motors while Mexicans California Petroleum Industria Alcohol Crucible Steel lead advances. U S Steel nears flat then fluctuates. afternoon buying lifts overall sentiment with Anaconda dividend and Central Leather payout. Coppers rise and rails ease as markets end firm.
Mercantile 3% and 2TM% rates noted with sterling 60 day bills at 4.72% and demand 4.75% as cables quoted 4.767-16. Guilders demand 40 7-16, cables 40 9-16. Silver at 66, Mexican dollars 50%. Government bonds steady, railroad bonds irregular. Time loans easier. 60 days 3 1/4%, 90 days 3 4%, six months 4 4%. Call money firm, high 2, low 2, ruling rate 2, last loan 3, closing bid 2.
London roundup reports bar silver at 31 4 per ounce and prany at 4 percent. Discount rates show short bills at 5 percent and three months at 5 percent.
In Savannah on June 7 turpentine firms show sales 6570 and receipts 461 with seven shipments and stock 14725. Resin firm records sales 1201 receipts 143 shipments 787 stock 67497 with quoted prices for multiple grades including H and W varieties and several merchants trading between 5.10 and 6.38.
An old United Service Magazine essay surveys ancient signaling methods in war. It notes human voice relays from Persia to Athens and Caesar era Gauls, weather limits, Alexander the Great’s rejected idea, and pigeon messengers as a durable early system.
John Ward a seventy year old Philadelphian told magistrate he is followed by a malignant spirit that makes him a vagrant for ten years. He resisted arrest at the Curtis country place in Rydal and was subdued after a struggle. Ward was sent to Norristown county prison for thirty days and will be examined to gauge his mental state amid hallucinations. Two Pennsylvania inventors have patented a sling shot with a sight to aid aiming.
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