U S Cotton Market Opens With Large Rise
U S cotton prices surge at the opening as markets show a strong uptick. Liverpool observers note higher spot rates and buyers returning after a quiet prior session.
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 37 articles. Subscribers can read the full text of each article.
Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 18, 1916
Page
13
U S cotton prices surge at the opening as markets show a strong uptick. Liverpool observers note higher spot rates and buyers returning after a quiet prior session.
Cotton prices spiked across major markets as Gulf hurricane fears lifted bids in New York and New Orleans, with early gains narrowing by late morning. Liverpool and San Antonio quotes remained high, while reports of rain and cold unsettled trading and caused simulated volatility in the afternoon.
New York cotton opened sharply higher as buyers pushed prices 19 to 56 points above Friday close. January reached about 18.70, July around 19 cents, with market activity driven by tropical storm anxieties and persistent bull accumulation despite occasional profit-taking and midday reversals.
Liverpool is due to open Thursday with uncertain momentum as traders await the 11 o'clock call. The report lists mixed figures and stray codes such as New York call and closing data, with unclear securities references and inconsistent numbers including 18,08 18,68 16,61 and 18,75 18,71.
New Orleans trading opened with one of the season’s strongest rises as proceeds in the May and July contracts pushed above 19 cents amid a torrid market reaction to a tropical storm hitting inland near Mobile. By noon, prices showed a net rise of about 45 to 51 points, though afternoon trading cooled with gains narrowing.
New Orleans on October 18 reports an excited cotton market with active quotes. October futures at 17.65, December 18.04, January 18.52, March 18.89, May 19.06, July 19.14. Additional figures show nearby and deferred months trading around 17.70 to 18.53, with mixed bids and occasional discrepancies in printed figures.
Texas produced poultry and eggs valued at about 24.15 million dollars in 1915, up 4.72 million from 1910. Agriculture Commissioner Fred Davis predicts this industry, once seen as a side line, will become a leading state sector as chicken culture expands. From 1899 to 1909 production value rose from about 9.98 million to 19.43 million dollars.
Union Stock Yards reports little active trading in local live stock with a large cattle on hand and most action in butcher lines now sold out. Weather delays shipments but not expected to greatly affect week totals. Today receipts include cattle 699 calves 102 hogs 363. Fort Worth quotations show steers 6.90 to 7.00, stockers 6.00 to 6.25, cows 3.25 to 6.25, calves 4.50 to 9.00, hogs top 9.90, lambs and other categories noted.
Chicago NL reports receipts of hogs 28,000 with bulk hog prices 9.65 to 10.05, heavy 9.25 to 10.15, light 9.30 to 10.10, and other hog categories. Cattle receipts 19,000 with native beef cattle 6.50 to 11.40, western steers 6.10 to 9.25, stockers and feeders 4.70 to 7.66, cows and heifers 3.40 to 9.20, calves up to 7. Wethers 6 to 30, lambs 8.25 to 10.60.
In St Louis on October 18 receipts and price ranges were listed for hogs cattle and sheep. Hogs receipts 7000 higher with lights pigs and variety prices. cattle receipts 7500 steady with native beef steers yearling stockers and other categories priced. sheep receipts 1800 steady with lambs breeding ewes yearlings and ewes priced across several brackets.
Kansas City reports show receipts of cattle and hogs with steady to higher prices. Hog prices range from 9.40 to 10.05 for light to heavy classes, while cattle include prime fed steers 9.50 to 11.00 and southern steers 5.75 to 7.50. Sheep and lamb listings show steady bids, with lambs around 8.50 to 9.00 and ewes near 6.75 to 7.25, plus stockers and feeders in the 5.00 to 9.65 range.
Cotton spot prices rise in Liverpool with good middling at 10 60 and middling at 10 60 in the latest sales. Total sales reach 10 000 including 1500 for speculation and export as imports show receipts of 15 000.
Futures were unsettled on October 10 with varied positions for several monthly contracts. Observers noted slight shifts across October through the next year with rates ranging from 10.40% to 10.68% and minor adjustments in consecutive months.
Cotton stocks and deficits for the season show a deficit of 110,599 bales. United States exports from New York report raw sugar prices steady with centrifugal at 6.27 and refined at 7.26, with molasses at 6.39.
Fresh advances in wheat prices followed foreign buying led by Argentina and storm effects in Canada. Drought caused enlarged crop damage and heavy snows threaten Canadian threshing. Winter wheat delays in the southwest and plowing delays boost bears’ pressure as prices climb then pull back. December wheat at 1.66, May 1.67. Corn, oats rise. hogs and grain lift provisions.
Quotations list wheat prices for No 2 red at 1.65 1.67, No 2 hard at 1.67 1.70, corn No 2 yellow at 0.6? 0.6, oats at a uncertain value, and barley at 0.75 1. The fragment records market quotes with several unclear figures.
Quotations from St Louis show wheat higher with No 2 red at 1.66 to 1.76, No 2 hard at 1.68, corn higher with No 2 at around 1.0, No 2 white 92 cents, oats higher at 47 cents, No 2 white steady at 1.25.
Local packing house quotations to deal era Wednesday. Dry salt extras 16%c bacon extrag 8c dry salt bellies 14-16 pound average 181%c fancy breakfast bacon zsc fancy hams 22c bacon bellies 14-16pound average 20c Pure lard lic compound 13%c.
Buyers paid steady prices for Texas country butter creamery 30 34c per pound country 25 26c packing stock 22 25c and poultry with hens 6 to 8 dollars per dozen large fryers 6.5 to 7 dollars per dozen broilers 3.5 to 4 dollars, turkeys 18 to 19c per pound ducks 4.80 to 5.50 per dozen geese 6 to 8 dollars per dozen.
Chicago on October 18 reported steady quotations with unchanged prices across butter eggs potatoes and poultry. Receipts showed 6592 cases for eggs and 50 cars for potatoes with no price changes.
Kansas City reports butter, eyes and poultry prices holding steady as Ohio firm Galaxy Valley early Ohios set at 1.35 dollars per unit, with no changes noted in the morning prices.
In Duluth Minnesota on October 18 closing linseed rates show October bid at 2.49 and November 2.49 asked, December 2.45 percent asked, and May 2.50 asked.
Cattle 1100 head steady while hogs rise 10 to 15 cents with top at 9.85. Sheep 800 head steady. Sales average weights and prices listed for several lots including Arnold Cleveland and Wilson Laustre. Multiple entries show steer and heifer lots with varied weights and prices from local buyers.
Farmers in Luling Texas report fields turning white with open staple as boll weevils retreat and a fall cotton crop could reach two thousand bales. Prices top 17 cents per pound, boosting activity. Year-to-date receipts already exceed last season’s 12,500 bales, with an estimated 14,000 bales marketed by season’s end.
Pittsburg October 18 directors of the American Window Glass Machine Company declared a dividend of 12 percent on preferred stock. This brings the total paid on the stock within a year to 64 percent, amounting to 3,815,000 dollars on an issue of seven million dollars.
From Savannah on October 18, turpentine sales stood at 43 percent with 446 sales and 398 receipts. Resin firm activity showed 1469 sales and 94 receipts. The fragmented data hints at prices and stock levels for several entities, but the legible figures are sparse and scattered.
Kansas City report notes quota one wheat rising fractions with No 2 red at 1.59 to 1.60 and 1.71, corn mixed at 88 to 89 cents, No 2 white 88 89, oats higher with No 2 white about 48 to 50 cents, rye around 1.20.
Grain futures closed with Wheat Dec at 1.60, May 1.621, Corn Dec 76.40, May 79. The session reflected a modestly mixed tone as traders weighed supply cues and demand signals in the Kansas City market.
On October 18 in New York wide sheetings sold at 2 cents a yard, bleached muslins at half a cent, and demand for yarn remained active for home and export markets. Heavy sheetings and print cloths rose, burlaps stayed active and higher, silks remained in steady demand, and jobbers reported active trade.
Observations recorded at 8 a.m. Wednesday October 18, 1916. LLEN BUELL of the Weather Bureau provides the meteorological report detailing prevailing conditions, temperatures, and atmospheric observations for the period.
New York October 18 Special issues led gains in early operations with paper and leather groups rising 1 to 8 points. Shipping, Industrial Alcohol, United States Rubber and copper shares advanced alongside General Electric and American Linseed. Rail stocks Chesapeake and Ohio and Atlantic Coast Line gained over a point, Union Pacific Norfolk and Western and Reading up about a point. Alcohol, Distillers Securities, Crucible Steel and Biscuits tallied 2 point gains amid a generally strong but dull session.
The Cotton Region bulletin from San Antonio reports unsettled and rainy weather across the belt with a tropical storm center over Southern Alabama. Rainfall exceeds an inch at many Houston and New Orleans stations, with three inches or more at Wathorford, Alexandria, Munroe, Portland. Allen Buell, Meteorologist, Weather Bureau.
San Antonio trading showed Mexican money quotes with Silver Pesos at 49 50, Pesos base at 46, State bank notes 11 4, National Bank notes 17% 18, Bank of London & Mex 16 17, Carranza money 0 2 2. In London, Oct 18 bar silver at 325 164 per ounce with money at 4 percent and discount rates for short bills around 4 1 2 percent, three months 4 3 4 percent.
Lead quoted at 7.00 to 7.10 with Spelter dull. East St Louis delivery 9 1/2% asked. Copper firm with electrolytic flat quarter 27.75 to 28.00. Iron steady. Tin steady. London copper spot 123 pounds sterling. futures 120 to 179 pounds sterling for various forms.
London rates show lead at 30 pounds sterling and Bocker at 53 pounds sterling. New Orleans rice market steady for rough rice with strength in clean rice. Receipts tallied rough 15,470 sacks, millers 13,798 sacks, clean 5,493 pockets. sales included rough Honduras 606 sacks and Japan 60 sacks, clean Honduras 5,577 pockets and Japan 1,677 pockets.
Galveston reports arrivals including El Mar from New York, Oswald from Britain, Liver a El Faso from El Valle, and Neuces from New York and Baton Rouge on October 18.
Directors of the Quaker Oil and Gas Company the producing end of the Pure Oil Company today declared a dividend of seven hundred per cent. The dividend is payable at once.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.