Cotton Market Surges as More Boats Sail
Market gains lift as more ships load cotton and depart, signaling rising demand and confidence in the commodity. Shipments increase, pushing prices higher and attracting buyers.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 13, 1916
Page
13
Market gains lift as more ships load cotton and depart, signaling rising demand and confidence in the commodity. Shipments increase, pushing prices higher and attracting buyers.
The New York and New Orleans cotton markets opened steady and posted sharp gains as vessels sailed and favorable Liverpool cables supported prices. December and January hit new seasonal highs with rallies of 29 to 36 points, while shorts covered and demand increased ahead of the census mill report.
New Orleans notes show opening bids for cotton futures with October at 16.56 and December at 16.83 while January hits 17.06 and March 17.33 and May 17.65. Early highs and lows are listed alongside scattered numbers and trade markers.
Liverpool spot cotton eases with good middling at 10.25 and sales of 6000 bales while receipts reach 24 000. Futures quoted quiet with values around 10.11 to 10.15 per unit across active delivery months and total forwardings to mills listed for American and other origins.
Market notes list prices paid for perishables and poultry in San Antonio. Texas country candied 29¢ per unit, Texas creamery 28 30¢, packing 1 22¢ per pound, hens $6.20 per dozen, large fryers $6.59 to $7.00, turkeys 18 to 19¢ per pound, meat prices around $4.80 to $5.50 per dozen, hens and broilers included among items.
Chicago market notes show butter unchanged while eggs receipts reach 4955 cases. Potatoes firm with 45 car lots from Minnesota, the Dakotas, Ohio, and Wisconsin whites priced at 1.30 to 1.20. Posies alive higher. fowls at 17 cents. springs at 1 cent.
In New Orleans on October 13 rough and clean rice prices held firm with sizable receipts. Rough rice totals reached 13 280 sacks in stock and 42 221 for mill buyers while clean amounted to 3160 pockets. Sales included rough Honduras and Japan with 2628 and 434 sacks respectively and clean Honduras plus Japan with 8046 pockets and 1431. Blue Rose sales included 60 rough sacks and 1128 clean pockets. Market notations list prices around 2.65 to 3.35 for rough and 3.80 for Blue Rose, with clean Honduras quoted at 4 5c.
Turpentine sales listed at 210 with receipts 425 and stock 24 896. Ship stock shows figures 4630 and WW. Additional entries note sales 1821 receipts 1736 550 and a fragmentary line with MN 3 i tw. indicating unsettled totals.
A government report on meat economics shows retailers take 8 to 33 percent profit on centralized market meats and 15 to 28 percent on farm prepared meats. Farmers receive 62 to 85 percent of gross returns from centralized meats, while 64 to 84 percent from local meats goes to the farmer. The study covers conditions from winter 1918-19 into this year.
Wholesale prices to trade include potatoes onions tomatoes and peppers from multiple states with per unit rates and bulk equivalents. Fresh fruit goods cover apples bananas oranges lemons grapes peaches and apricots with per box and per pound quotes.
Mr. Coddles seeks Bradford visit for recovery but falls ill and is given a Yorkshire pudding. Three hours later he reveals he has eaten none of it, mistakenly wearing the dish on his chest. The hostess had intended it as a remedy.
Chicago reports buying by leading houses pushes wheat higher after a weak start. Weather rains in Argentina and a late drought relief in the north influence the market, with Liverpool firmer and U. S. exports to Britain cited. December near 1.58, May around 1.574 in unsettled close. corn also gains on domestic belt weakness. Kansas City quotations list mixed grain prices by grade and type.
Doctor and Mrs J Swayze Powers relocate to Mount Kisco with three English servants and a hundred pedigreed squirrels. The party quells curiosity at the hotel rooftop, transporting nineteen large boxes of gear including nuts, oak branches, pine knots, and tree trunks amid a guarded, hushed relocation.
Market notes from Fort Worth and St Louis show hog receipts around 1000 and 5000, with bulk hog prices 9.60 to 9.75 and top 9.85 in Fort Worth. Cattle and sheep prices also listed with steers, cows, yearlings, lambs, and ewes at varied quotations.
Receipts of hogs at 24000 were slow versus average with prices for bulk 9.65 to 10.10, lights 9.30 to 10.20, roughs 9.30 to 9.50, and pigs 7.25 to 9.28. Cattle receipts around 2000 with native beef 6.60 to 11.10, western steers 6.10 to 9.30, stockers 6.75 to 6, cows and heifers 3.50 to 9.30, calves 7.25 to 11.60. Sheep receipts 9000 and strong with lambs 7.75 to 10.40 and feeders 6.60 to 8.25.
Hogs receipts about 4000 with prices 9.60 to 10.10 for bulk and packers. Cattle receipts near 1000 with prime fed steers at 9.60 to 11.00. cows and calves range 4.50 to 11.00. Sheep receipts around 3000 with lambs 9.75 to 10.35 and yearlings 7.50 to 8.50.
The Rochester Post-Express notes a rivalry between Oklahoma senators Gore and Owen for conspicuous fraternal memberships. Gore lists several orders and societies while Owen claims numerous affiliations and two university degrees, making him the senate’s noted champion joiner in the current Congress.
In St Louis on October 13 quotations show wheat steady for No 2 red at 1.66 to 1.72 dollars, No 2 hard at 1.61 to 1.62, No 2 white oats at 47 to 47 cents, No 2 white at 48 cents, rye steady No 2 from 1.25 to 1.26.
Chicago market notes October 13 show grain quotations with No 2 red wheat at 91.58 and corn at 1.00 per bushel. No 2 oats traded around a half dollar and barley at 75 cents.
Local packing house quotations to dealers report dry beef extras at 16 cents, bacon extras at 18 cents, bacon bellies 14 16 pounds at 20 cents, pure lard 16 4 cents, compound 13 cents.
New York report lists raw sugar at 6.14 per cent cent weight and centrifugal at 6.14 with molasses at 5.24 and steady fine granulated at 7.15.
Kansas City produce report dated Oct 13 notes butter and eggs at firsts 30 cents per pound, potatoes firm at 1.25 dollars per hundredweight. Authority credits Kansas City Produce.
Kansas City Oct 13 quotations show Butter Creamery Range first 9 per lb, second 29 14 c. Packens at Petitey Hens 16 c, roosters 11 2/3 c, brooders 19 c. Potatoes firm.
The Boston Post notes contenders for the champion sunflower title across New England. J. Walter Risdon reports a fourteen inch blossom in Arlington Vermont while William Gibney grows a plant with 150 blossoms in Antrim New Hampshire.
Trading resumed after a holiday with higher prices and renewed confidence. Mercantile Marine preferred rose over three points, war and equipment issues gained, rail shares advanced but uneven, Nor fork & Western and Union Pacific up 1–2, Mexican bonds firmer, Gas and Sugar and National Biscuit up, Rock Island up two, and overall volume under one million shares as markets closed heavy amid sub marine activity rumors.
Mercantile paper at 3 percent. Sterling rates show 60 day bills 4.71 percent and demand 4.75 percent with cables 4.76 percent. Francs demand 5.85 percent cables 0.8 percent? Guilders demand 40 percent cables 41 percent. Bar silver 67 1/2 cents, Mexican dollars 52 1/2 cents. Government bonds steady while railroad bonds show irregular trading.
New York money markets report steady time loans with 60 days at 3 to 3 percent, 90 days at 3 percent, six months at 8 percent. Call money remains steady with high 2 percent, low 2 percent, ruling 14 percent. Last loan and closing bids at 2 percent, offered 2 percent.
Tondon on October 13 reports bar silver at 325-164 per ounce. Money 4 percent. Discount rates show short bills at 6 percent and 5 percent, three months at 64 and 5 percent.
Lead at 7.05 offered. Spelter dull. East St. Louis delivery at 9 1 2 cents. Electrolytic zinc first quarter 27 25 28. Iron steady. Tin quiet with spot offered at 42.00.
London metal prices report spot copper at 123 pounds 8 pence futures 118 pounds 10 8. lead at 30 pounds 108 pence electrolytic tin at 180 pounds 15 shillings futures 181 pounds 5 shillings.
A Berliner Illustrirte Zeitung anecdote recalls a peasant woman who bought friction matches and complained they would not light. A shopkeeper demonstrated lighting one quickly by striking it on his trousers ensuring they worked, prompting the woman to question the need for lighting them on his clothing.
President Ray Lyman Wilbur urged freshmen to avoid risky fraternities and quit if they drink first night. He warned against pledges and said Stanford has taken steps to discourage poker parties. He cautioned that cutting classes dodging exams and cribbing only cheat themselves.
Scribb and his wife argue over goats on the dressing table. He admits the hint and says they are older now. The wife insists the goats are actually their children, calling them kids. The exchange ends with him taking the hint.
Dr. Anna Howard Shaw, returning south last winter after illness, visits Mrs. Ella Biggs, Mississippi Woman Suffrage Association leader. A household servant manically fetches items for her, prompting reminders about tipping and the comfort of being addressed as Miss Shaw. She defends the service as a concession to years of public respect.
A collage page notes golf as the preferred recreation of leaders from Asquith to Wilson and Taft, while the colonel scorns it as not a man’s game. The piece imagines presidents seeking relief on the links and mocks political foibles amid light anecdotes from Stray Stories and Louisville Courier-Journal.
The 24 hour period ending 8 a.m. reports general warmth across the belt with temperatures above normal. Rainfall of an inch or more observed at Altus Carnegie and Mangum in Oklahoma. Allen Buell, Meteorologist, Weather Bureau.
United States Department of Agriculture weather bulletin reports 8 a m observations for Friday October 13 1916. Wind speeds below 10 mph and precipitation under .01 inches are not published. Allen Buell signs off.
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