Cotton Reviews Week Reveals New High Scores
The Cotton review for the week shows new high scores established across private returns and small-scale activity. Key performers posted top results, highlighting gains in several categories.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Nov 19, 1916
Page
8
The Cotton review for the week shows new high scores established across private returns and small-scale activity. Key performers posted top results, highlighting gains in several categories.
In Nov 17 trading, New York and New Orleans markets opened softer then rose, with May contracts near 21 cents and big buying from trade and Liverpool houses. Reports cite strong exports and mill demand, while later session selling aimed to balance weekend accounts. Spot prices in San Antonio and futures in New Orleans closed steady amid mixed demand.
Shippers report steady demand with Texas candled eggs at 39 40 cents per dozen, creamery butter at 29 84 cents per pound, and country butter 2 26 cents per pound. Poultry values hold firm: hens 6.00 to 8.00 per dozen, large fryers 4.50 to 7.00, turkeys 22 24 cents per pound, ducks 5.50 to 6.00 per dozen, geese 7.00 to 9.00.
New York market notes No 7 coffee at 9 1/2 to 10 cents per pound, December at 5.16 and March price mentioned, with a steady tone for the day.
Union Stock Yards report unusually slow trading with little stock on hand and weak buyer interest. Quotations for hogs cattle and calves held steady from yesterday as receipts fell in contrast to other markets. Today’s receipts included 275 cattle 105 calves 25 horses and 40 hogs with 180 cattle 66 calves and 40 hogs for the market.
Fort Worth reports receipts of 750 cattle with steers at 6.00 to 8.59, hogs 600 with bulk 9.40 to 9.60 and top 9.65, sheep 2000 with lambs around 9.00 to 9.50. Kansas City notes hog receipts 2000 steady to 10 cents lower, cattle receipts 400 with primes 11.60 dressed and calves 6.50 to 11.00. sheep 500 with lambs 8.11 to 9.75 and ewes 6.75 to 8.50.
Chicago market summary shows hog receipts 21 000 with steady to yesterday's average prices. Bulk hogs 9.15 to 9.88, night quotes 8.80 to 9.66, pigs 8.50 to 9.50. Cattle receipts 1 000, market weak. native beef cattle 6.75 to 12.05, western steers 6.60 to 10.25, stockers 4.75 to 7.85, cows and heifers 3.75 to 9.50, calves 8.78 to 12.00. Sheep receipts 2 600, market weak. wethers 7.60 to 8.65, lambs 9.00 to 11.60.
Receipts show hogs and cattle steady with varied prices. Hogs range from 9.15 to 10.00 per cwt for different grades and weights, while cattle receipts reach about 1400 with native steers, cows, and feeders priced in the 4 to 11 dollar range. lambs and yearlings also listed with mixed figures.
Wheat prices fell in Chicago with December and May options showing 4% to 6% losses as peace talk and reduced export demand dampened bulls. Reports of possible embargoes and unexpected U S supply growth pressured markets while corn and oats rose on weather and crop prospects. Kansas City quotations listed futures for wheat corn oats rye with mixed results and hogs weakend prices.
Quotations list Wichita day prices with wheat higher at No 2 red 185 to 189 No 2 hard 184 to 191. corn lowers No 2 98 and No 2 white 103 cents. oats lower No 2 57 cents and No 2 white nominal. rye No 2 nominal.
Local packing house quotes show dry salt extras bacon extras at 1s%4c and 18%c for various bacon cuts. Pure lava and compound lard priced around 16 to 18 percent. Cotton seed oil futures firm with bids around 12.60 to 12.66 for several months. Butter prices rise at Elgin with bids around 40, no sales. last week 36.
F. C. Weinert and Peter Radford filed a final statement with the governor showing the department ended August 31, 1916 with a balance of 11 525. The report notes improvements in cotton handling, reduced waste, and savings on American cotton imported to Europe. It highlights insurance rate reductions, bonded warehouse rebates, and efforts to lower producer interest rates, while urging continued reform against old sampling abuses.
Washington report shows the Department of Agriculture pursued meat and cattle regulatory statutes in the past fiscal year. Of 237 cases for meat inspection violations, 188 convictions occurred, with penalties totaling 52,450 for 383 cases under the 28 hour law and 11,680 for interstate quarantine provisions across 102 cases.
Austin area farmer T M Scott, formerly with the Texas Railroad Commission, reports selling cotton at 20 cents a pound, cotton seed at 57 dollars a ton, sweet potatoes at 1 dollar a bushel, and turkeys at 21 cents a pound, six miles east of Austin.
Inquiries by mail and telegraph flood the bureau of markets in Austin from northern buyers seeking large quantities of peanuts pecans hickory nuts black walnuts sweet potatoes and jack rabbits. The inquiries are sent to Texas farmers statewide who grow these goods.
Resources of the savings departments in 28 Texas banks totalled 4 189 459.14 as of October 31 with 2 980 127.92 in first liens on real estate. Liabilities show 4 186 929.7 Cup operators and 48 792.83 undivided profits. Cash reserve actual 867 245.54, exceeding legal requirements by 264 933.91.
New Orleans on November 18 reports rough tides easing and steady cleaning. Receipts include Peuge 3880 sacks, millers 2914 clean, 62 153 total with 44 948 sacks for export. Sales feature Honduras 7 cents and Japan 338 units, Blue Rose at 3 cents.
Savannah reports varied activity with turpentine firm receipts and shipments and stock levels amid fluctuating prices. The text lists figures such as 46 percent, 452 shipments, 205 stock, and 4248 receipts, alongside several price marks like 6.40 and 7.10, indicating market activity and inventory.
In Austin on November 18 the governor named R. M. Payne of Texas City to be public weigher there. The appointment is effective immediately.
The market featured heavy copper share buying with Kennecott up 8 points after an opening of 15 000 shares at 62 63 percent. Granby Mining advanced over 12 points amid widespread gains in Utah Anaconda Inspiration Nevada and other metals issues as rails faced pressure from eight hour law considerations.
Mercantile paper at 3 percent and 60 day bills quoted from New York with demand notes at 4.75 and cables at 4.76. Francs and guilders show demand and cable rates. Silver and Mexican dollars listed. Government and railroad bonds described as steady or strong. Kansas City prices for butter creamery and firsts at 24 32 cents, poultries and oats. Raw valley early Ohios steady at 1.70.
Chicago market report shows butter firm at 35 to 40 cents for creamery. PA higher with 2694 cases receipts. firsts at 39 a 39 1 2 cents, ordinary firsts at 37 to 38 1 2 cents. Potatoes: receipts of 47 cars. Poultry alive declines with fowls and springs around 16 cents.
Observations recorded by the Weather Bureau on November 18 at 8 pm note wind mild and precipitation under .01 inch not published. The page also includes a joke about non existent divorces and the state of single blessedness from Boyston Transcript.
New York report shows total excess reserves of all clearing banks and trusts at 79,897,080 dollars, down 18,971,170 from the prior week. Aggregate cash reserves stand at 669,354,000 with declines in several reserve and deposits categories.
The weekly cotton statement issued by Secretary Henry Hester of the New Orleans Cotton Exchange presents comparisons to actual dates rather than corresponding weekends. The report outlines current market standings and week to week changes for traders and observers.
Grain merchants report rising prices across all classes due to heavy exports to Europe. Red top grain seed reaches 4.75 per hundredweight, with dealers fearing 7. Milo maize and kafir corn sell at 2.35 per hundredweight amid rains in Texas and Oklahoma.
Wholesale prices to retailers and shippers for potatoes onions celery cabbage peppers lettuce and more. Listings include Colorado onions California celery California lettuce Valencias orange boxes and various crate and bushel prices with multiple units and sizes.
The attorney general's department approved three bond issues in Texas: Morris County Road District No. 1 bonds totaling 20000 at 8 percent with serial maturity, Baylor County Common School District bonds of 5000 maturing in 40 years, and Brazos County Common School District District 25 bonds of 1200 maturing in 20 years at 5 percent interest.
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