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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 04, 1916
Page
15
New York market led by rising prices in textiles and sugar. Raw sugar quoted around $6.02 per hundredweight with molasses at $5.12, while cotton goods saw continued advances and diamond trade remained active.
The cotton market opens higher and holds gains led by steady futures as traders eye early demand signals. Liverpool opens with firm activity and prices showing strength across the board.
The report describes daily spot cotton prices in San Antonio Houston Galveston New Orleans and Liverpool with middling quotes and turnover. It notes a stiff opening rise in New York and New Orleans amid bullish factors including fiber use regulation and explosives manufacture expectations.
The New York cotton market opened barely firmer with December at 16.91 and January 17.00 on the call, aided by hedging cover and expectations of large October exports. Prices rose to 17.09 for December and 17.07 for January amid buying, then eased with late-session gains narrowing to around mid-day levels before dipping in the afternoon.
New York reports cotton futures closing steady with October at 16.56 and December around 16.80 to 17.14 across contracts. The eleven o'clock call notes an opening Thursday with gains up to 18 points while highlighting daily highs and lows for several positions.
In New Orleans on October 4 the cotton market rose sharply by 11 to 14 points amid fears of worsening belt weather and rising explosive-manufacturer demand. By noon the gain widened to 16 to 24 points with signs of stronger export activity and expected Atlantic rains. The afternoon held a quiet steady tone as prices retraced slightly, standing 16 points higher at 1:30.
New Orleans reports cotton markets opening steady with bids and futures showing mixed levels. Traders note December at 14.30, January 16.45, March around 16.2 to 16.7, and May near 16.9 amid early trading activity.
Liverpool spot cotton steady with high grade good. sales 10,000 bales and 1,000 for speculation and export. receipts 32,000. Liverpool futures show slight declines to around 9.70 pence per pound across several month-long contracts. New York notes cotton seed oil quotations with morning and close values recorded.
The Union Pacific Railroad Company published its annual report today showing 15.65 percent earnings on common stock for the year ended June 30, up from 10.88 percent the prior year.
Explanatory notes describe observations at 8 a m noting air pressure reduced to sea level. Teosars lines indicate equal air pressure across continuous lines and isorhems dotted lines pass through points of mean temperature.
The United States Department of Agriculture warns shippers that interstate oyster shipments will be actively inspected to prevent polluted or soaked oysters that inflate bulk. Industry seeks guidance on washing methods, with the department stating dealers can judge whether washing affects volume or juice. Methods causing noticeable increases should be changed or avoided. Receipts were liberal in butter, dry and egg lines with prices high, and no weekly changes.
Wholesale lists show prices for Colorado and California vegetables and Texas fruits, including celery 86c per dozen, peppers 60c per basket, beets 35 40c per dozen, lettuce California crate, oranges $4.75 per box, lemons California box $7, grapes California Muscats $1.60, prunes and figs per pound, canned meats and sardines with set per dozen or per can rates, and assorted grains and staples priced to trade.
Chicago October 4 Wheat values slipped as opinions grew that Argentine drought effects were priced in. News of possible weather changes in Argentina and plans to boost Australian shipments supported a late rally. December and May contracts opened higher, then declined before closing with modest gains. Corn eased after strong shipments, oats stayed flat amid weak cereal trends.
Chicago quotations show No 2 red wheat at 1.60 1.60 cents, No 2 hard at 1.63 1.67 percent, corn No 2 yellow at 89.9 cents, oats standard nominal, barley at .73 1.15.
Prices rose with wheat No. 2 red at 1.62 to 1.71 and No. 1 hard at 1.62 to 1.69. Corn advanced with No. 1 at 91 to 92 cents and No. 2 white around 1 cent.
Quotations show wheat easing to No 2 hard around 1.56 to 1.64 and No 2 red near 1.60 to 1.65. Corn mostly steady with No 2 mixed at 2.84, No 2 white about 83 to 83 1/4 cents. Oats steady with No 2 white 47 cents and No 2 mixed around 46 to 46 4/5 cents. Rye about 1.20 dollars.
Kansas City report outlines grain futures with wheat at Dees in early quotes and May futures while corn shows December at 78 fractions and May around 76 cents indicating fluctuating grain markets for that day.
Provision Markets lists Wednesday quotations for dealers including dry east extras 16 c bacon extras 18 c and 14 16 pound bacon bellies at 1814 c with fancy breakfast bacon at 58 c and fancy hams 22 c bacon bellies 14 16 pound average at 20 c Pure lard 16 c compound 13 c.
Marine intelligence from Galveston lists arrivals including Bluefields from Norway Barrios Datton and Tampico and sailings by Songa Havre Sonora Medina and New York with October 4 reporting. The terse notice records ships and routes in a standard port despatch.
In Savannah on October 4, turpentine firms show 42 percent sales with 235 receipts and 478 shipments, stock at 22 544. Resin firms report 581 sales, 1 607 receipts, with element 1967 stock at 83 523. Quote cites D. 6.90 and other figures in the period's market chatter.
At Union Stock Yards Fort Worth on October 4 another hog price drop of 25 to 50 cents featured the market. Day prior saw similar declines with little change in the local market. Receipts totaled 1 043 cattle 275 calves 8 horses and 135 hogs. total for sale 675 cattle 276 calves 135 hogs.
Fort Worth market reports 4100 cattle receipts up 10 cents. steers 6.00 to 7.00, stockers 5.60 to 6.65, cows 4.25 to 5.00, heifers 6.00 to 7.00, bulls 4.86 to 8.75, calves 6.50 to 8.50. Hogs receipts 4000. bulk 9.00 to 9.18, prospective top 9.26. Sheep receipts 300. lambs 8.50 to 9.00, yearlings 7.50 to 8.50, wethers 6.50 to 7.50, ewes 6.5 to 7.25, culls 3.50 to 7.25, goats 4.00 to 5.25.
Receipts and prices for hogs cattle and sheep listed for St Louis on October 4. Hogs 7560 head 25 to 50 cents lower. lights 8.50 to 9.50. mixed and butchers 8.00 to 9.50. Cattle 5000 head strong. native beef steers 7.50 to 10.00. yearlings 8.50 to 10.65. cows 5.50 to 7.60. stockers 5.30 to 7.60. calves 6.00 to 11.76. Sheep 1400 head steady. lambs 7.00 to 10.25. ewes 8.00 to 9.50. yearlings 8.00.
Chicago market notes show hog receipts around 30,000 with bulk prices roughly $8.70 to $9.45 and heavier hogs at about $8.45. Cattle receipts near 17,000 with native beef cattle at about $11.25 and stockers around $4.60 to $7.65. cows and heifers near $3.40. Lambs and sheep prices listed but unclear.
Receipts and quotations show hogs lower after morning trade with bulk hog prices around 5.65 to 9.30. Cattle receipts total 15 000 including 300 southern, with prime fed steers 9.50 to 10.75 and cows 4.50 to 7.28. Sheep receipts 13 000 steady to strong with lambs near 9.00 and feeders 6.00 to 9.85.
Receipts today show cattle 1700 and hogs 4700 with prices 10 to 20 cents lower. Sales agents Moffert and Fuzon of Cache, Oklahoma report cattle around 6.00 for 268 pounds and Hitchcock Bradhey of Oklahoma note steers at 5.75 to 7.40 with average around 6.60.
Buyers paid steady prices for country produce in San Antonio on Wednesday with Bees at 30 31 cents, Texas creamery 28 30 cents per pound, country 22 cents, packing stock 20 21 cents. Poultry values remained firm with hens at 6.00, friers 6.56 to 7.00, broilers 3.50 to 4.00, turkeys 17 to 18 cents per pound, ducks 5.00 to 6.00 and geese 6.00 to 8.00.
Quotations show butter unchanged and eggs receipts at 7751 cases. Potatoes receipts total 32 cars with prices unchanged. fowls at 18 cents and springs at 1 ½ cents.
The market opened modestly higher with a focus on industrials and specialties. Gains ranged from fractions to 2 points in NY Airbrake Owen Bottle Machinery International Paper and others, while rails especially Union and Southern Pacifics Lehigh Valley and Denver and Rio Grande preferred rose. Bethlehem Steel fell three points with uneven metals, and Union Pacific reported record annual results fueling further advances. Dealings surpassed one million shares, led by investment issues and high grade rails.
New York Mercantile rates show a 3 percent tierlin with 50 day bills at 4.71 and 11 18 remands 4.75. Cables quote francs at 5.82 and 5.88 for demand and cables. Government bonds steady while rail bonds are strong as London reports bar silver at 32 44 per ounce and money markets at 4 percent for short bills and 5 percent for three months.
Time lang steady Rs 24% 3 90 days 3 3% 6 months Call money peedz high 2% low 2% gs rate 2 last loan 2% closing bid 2% offered at 2% The report lists several money market figures for New York on October 4 including call money ranges and last loan rates.
The New York market notes copper remains firm at 27.00 to 28.50 with electrolytic copper at 27.00 to 28.50. Lead shows a 4 lead price at 7.00 to 7.20. Spelter is steady at 9% to 9 1/2. Iron holds steady and unchanged. Tin rises to 39.50 to 39.75 with pot at 39.50 to 39.75.
London on October 4 reports lead at 31 pounds 18 shillings per ton, spelter at 54 pounds, spot copper at 120 pounds, futures 116 pounds 10s, electrolytic 141 pounds, spottin 176 pounds, futures 177 pounds.
The Cotton Region bulletin records fair weather across the belt with rain in the eastern edge and temperatures near normal for the period ending 8 a.m. Buell notes the readings. A London Answers joke recounts Jones overestimating his golf skill after a Scottish course misadventure with a caddy.
Washington D C Oct 4 Cotton growers have a strong opportunity to gain by handling their cotton carefully according to Department of Agriculture specialists They outline practices for picking assembling hauling seed cotton ginning and bale handling to raise fiber grades While prices are high this year due to a restricted crop and steady demand better handling could add substantial value Seed cotton storage also yields returns and farmers could save millions by avoiding quality loss
Records for exports from Philadelphia were broken in September as reported by the navigation commissioners. Cargoes valued at 38 million dollars marked an increase of 2 million over August and 28 million more than the same month last year, while imports neared 6 million with a 1.285 million rise from last year and a 2 million drop from August.
Weather Bureau bulletin notes negligible wind and precipitation. A quoted Washington Star joke recalls patriotism and preparedness with a Marmon hangs on a farm boarder dialogue.
New York reports coffee futures steady with Rio grade No 7 figures quoted. December session at 8.66 with March contracts noted as part of the price listing.
Kansas City reports on October 4 show butter prices at 33 cents for creamery, 20 1 2 cents for firsts, 28 cents for seconds, and 25 cents for greening. Eggs quoted at 30 cents per dozen, poultry markets list hens at 6 cents, roosters 11 cents, and other poultry values.
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