Steady Week in Cotton Markets With Quiet Trading
Cotton markets show steady activity for the week with quiet trading patterns. Traders report limited price movement and modest volume as market participants await clearer signals.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 01, 1916
Page
11
Cotton markets show steady activity for the week with quiet trading patterns. Traders report limited price movement and modest volume as market participants await clearer signals.
Week in cotton ends Friday with stagnant trade and little price movement. For spot prices in San Antonio good middling to low varieties posted modest changes amid cold weather signals. Futures in New York closed barely steady with nearby months hovering near per pound levels.
In New Orleans on opening, poor cables pushed cotton four points down but a quick forward move followed after the bell as the cold wave boosted bids. Within the first half hour, active months stood one point above yesterday's close with liquidation pressure later pushing trading months back seven points from last sale.
New Orleans reports futures for October at 42, December and January around 15.79 to 16.02, with steady bids noted. Market activity shows cautious demand and slight price drift amid listed months.
Market notes show September 20 quotes for Liverpool cotton with middling around 98.5 and low middle near 40.08. Finch prices indicate speculative demand at about 12.08, reflecting volatile trading and adjusted futures.
A garbled OCR fragment lists several futures period labels with inconsistent dates and numbers. The sequence includes October November and December entries with varying figures, followed by January February figures and stray month strings. Overall content is unclear and lacks a coherent event.
Union Stock Yards report dated Sept 30 notes a scarce butcher cattle trade with steady prices while stockers are abundant. Hogs remain steady with light receipts and demand holding, but overall market softness in cattle lacks buyer interest. Receipts show 800 cattle, 260 calves, 76 horses. totals today 500 cattle, 150 calves, 75 hogs.
Fort Worth Texas sellers report steady receipts with steers around 36.00 to 38.50 and cows near 5.50 to 7.00, bulk sales top near 9.85, lambs at 9.00 to 9.60, ewes around 6.00 and goats from 4.50 to 5.50 as through billing continues and early bids show a minor decline.
The report notes cattle prices with steer and heifer ranges from 3.40 to 9.35 and butcher figures around 6.40 to 11.25. Sheep and lambs show weakness with wethers around 6.66 to 6.30 and lambs near 6.60 to 10.10. The text reflects mixed trading and market softness for livestock.
Receipts and prices for cattle and sheep listed in St Louis markets. Beef steers and cows show wide ranges from roughly 4.60 to 10.60 per hundredweight with variations by type. Lambs and yearlings noted with steady market, sacrificial values and assorted stockers and feeders listed.
Receipts and quota details show market results with lower prices across categories. Beef steers range from $7.00 to $9.26, southern steers $5.50 to $7.60, cows $4.60 to $7.25, stockers and feeders about $5.00, with receipts totaling 406 head.
Weather bulletin from San Antonio reports the Houston district conditions for the 24 hours ending at 1 a.m. Texas stations note generally below normal temperatures with rainfall totals including two inches at Brin and 4 inches at Ark. Frost and frost-related remarks observed at Brownsville. Meteorologist Buell signs off from the Weather Bureau.
Observations recorded at 7 p m with wind under ten mph and rainfall under .01 inch not published. Meteorologist Allen Buell notes general conditions. Also includes a New York market snippet on coffee futures and a pasted student joke.
Chicago and Kansas City markets react to Argentina drought reports with record wheat prices for 1916. Grains show little change for corn and oats while provisions rise modestly as traders price potential supply shortfalls. Greece's stance on the war has minimal impact on prices.
Kansas City market notes show wheat at 1g a bushel for Sept delivery and corn at 3t for Sept indicating firming demand while other grains edged lower.
Neil D. Zuber of the Texas Department of Agriculture outlines the weevil’s life cycle and control methods. He recommends field sanitation, deep planting, trap tubers, fumigation of infested lots with carbon disulfide, and using only healthy seed to prevent further infestation.
Buyers paid varied prices for country goods delivered in San Antonio on Saturday. Creamery items ranged 28 to 30 cents per pound, country produce 21 to 22 cents, and packing stock 26 to 21 cents per pound. Poultry markets remained firm with hens at 6 dollars per dozen, large fryers 6.50 to 7.00, ollera 3.50 to 4.00, turkeys 17 to 18 cents per pound, ducks 6 dollars per dozen, geese 6 to 8 dollars each.
Foreign currencies show varied demand with New York and GE quotes. Francs demand 4.76 percent cables 582 percent. Guilders demand 40 percent cables 41.7 percent. Mexican dollars 63 percent. Government bonds hold steady while railroad bonds remain firm.
Quotations today show butter higher at 80 3/8 to 4 cents above, creamery. Eggs receipts total 6866 cases unchanged. Potatoes receipts 45 cars unchanged. Poultry alive firm with fowls at 16 40 and springs at 19 cents.
Kansas City market reports show creamery 32 cents, firsts 29 1 2 cents, seconds 23 1 2 cents. Poultry prices: hens 16 1 2 cents, roosters 11 1 2 cents. Butter, potatoes listed with Kaw Valley early Ohio, easy at $1.10.
London price notes show bar silver at 32 15 16 cents per ounce. Money market at 4 percent with discount rates for short bills and three months at 6 4 percent and 5 percent respectively.
In metal markets at New York on Sept 30 copper held firm with active trading. First hands quoted December electrolytic at 28 to 28.5 cents and first quarter at 27 to 27.5 cents. Nearby supply was scarce and quotations were nominal while iron remained unchanged.
Quotations for dealers on Saturday cover dry salt extras at 16 per cent bacon extraz 18sec four salt bellies 14 16 pound average 18 per cent fancy breakfast bacon fancy hamstra bacon bellies 14 pound average two pure lard tuee compound 13 per cent.
The state fire insurance commission through State Fire Marshal Wallace has issued a letter to local fire insurance agents boards of education school superintendents and civic and commercial groups urging proper observance of state fire prevention day set for October 9.
Raw sugar nominal at centritural five dollars with eight cents, refined steady. Fine granulated at six dollars seventy eight cents per unit. Molasses listed at four thousand two hundred ninety nine dollars.
Restraints hamper progress but do not stop growth across industries and regions. Bank clearings rise at major centers, while holidays and labor conditions temper some operations. High prices spark concern yet purchasing power stays strong with workers paid higher wages. retail distribution widens into fall and winter. Weekly bank clearings reach 4.579 billion dollars.
Readable fragments show wholesale rates for Colorado onions California potatoes and Texas peppers alongside green beans squash carrots and cantaloupes. California and Washington apples bananas oranges lemons limes grapes prunes and peaches feature with numerous price per hundredweight per box or per pound figures. Also listed are kraut canned fruits dried goods and canned meats with varied unit measures and regional pricing.
Wholesale price list shows flour at 7.60 per barrel and bran meal figures. Grain and seed prices include cane seed at 1.40 and alfalfa seed per hundredweight. Potatoes, sorghum, and corn syrup priced by gallon or hundredweight. Nuts, dried fruits, and hides listed with per sack or per pound rates. several items note delivered or trade prices.
Reorganization of United Dry Goods and Associated Merchants, led by former president John Claflin, declared effective after receivership of H B Claflin in 1934. Over 99 percent of stock classes deposited. Associated Dry Goods Corporation formed in Virginia. old Delaware and Connecticut entities dissolved.
The pre statement of cotton conditions compares to actual gates issued by Secretary Hester of the New Orleans Cotton Exchange. Rough rice readiness and clean rice strength noted with multiple sacks and price figures, while New York closing bid table shows weekly progress in stock re-issues and changes from a week prior.
A fragmented Elgin notice from September reports butter price details in local markets. Readable lines indicate pricing action but lack full figures or context.
New York reports a week with every session above one million shares and totals from 1.6 to 2.56 million shares per session. United States Steel shows a steady rise amid occasional pullbacks while Industrials dominate late week trading. Rail issues progress with strong earnings from Southern Pacific Atchison and Reading, and Reading hits new highs with Lehigh Valley strength. International moves include a Paris municipal loan.
J W Turrentine of the USDA says the United States will build a kelp based potash plant at Long Beach or San Diego to supply most potash for explosives and notes 75000 is available to start the project.
Savannah market brief shows turpentine firm trading at 43 percent with receipts 411 and shipments 332, stock 24.19. resin firm reports receipts 1850 shipments 118 stock 85,580. Quotations list S 45, 36.90, 6.95, F. HS wt ale 5 2. M 6.30 N 6.85 94.50 14.0.
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