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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 26, 1916
Page
9
Cotton markets brighten as prices tumble while buyers show renewed interest in futures and spot sales. Analysts note strong demand from mills and exporters amid volatile trade, with attention on futures curves and government export commitments.
The October 26 Cotton Exchange report shows a volatile session with selling pressure at open and a late rally by bull traders as New York New Orleans and Liverpool markets weakened. Spot prices in San Antonio eased but held firm late. freighted prices for various grades are listed across districts MIGAUING, middling, low middling, and good ordinary with mixed regional shifts.
The cotton market showed renewed activity with large fluctuations. December opened easy and declined 27 points while January and May moved, later steadying on covering and external support. Prices sank to new lows before noon and recovered slightly, closing steady amid unsettled spot talks.
The office of Market and Rural Organization, Department of Agriculture, reports the cold storage holdings of apples for this season as of October 15, 1916. There were 949 147 barrels and 1 062 564 boxes in 352 storages, totaling 1 056 629 barrels for 274 storages. This compares with 2 026 967 barrels a year earlier, a drop of 47.8 percent. Some facilities show 24.8 percent more room than December 1.
Report notes Liverpool set to begin Friday despite a 3 estate point deficit. An 11 o clock call is referenced with unclear items including New York call, dates in January March May 1952 and numbers 19.16 and 15.05, indicating a fragmented schedule or log entry.
New Orleans October market opened under liquidation with prices down 22 to 26 points. Cables were better, support appeared on declines, and by midmorning losses narrowed before widening again. By 1:30 PM the net decline reached 43 to 49 points, then closed very steady with 2 points down.
Spot cotton weak with middling at 11 034 and 10 sales totaling 10 000 for speculation. Receipts 16 000. Futures closed steady with October at 10.08 and successive contracts listed from October to July at about 10.92 to 11.08.
New York traders report raw sugar at Centrifugal $6.64 and refined sugar at $7.50 with 7 3 4 percent. Sugar futures rise 4 to 8 points at noon on continued spot market strength and export sales of granulated sugar.
Turpentine firm reported 44 percent sales and 238 receipts with 9 359 shipments and 17 084 stock in Savannah on October 26. Another firm showed 1 105 sales and 898 receipts with varied codes and prices such as 64.20 and 86.46 among listed initials and numbers.
New York reports cotton goods yesterday sold at very high prices with a carload of four yard cottage bringing nine cents a yard. Print cloths sold a pound. Yarns and goods in demand for 1917 fall delivery. Worsted and wool yarns higher.
Reports from New Orleans on October 26 indicate robust sales of rough and clean rice. Notable receipts include 622 sacks rough and 53 740 pockets cleaned, with exports to Honduras and Japan. Prices quoted: rough Honduras 2.80 to 3.60, Japan 2.91 to 8.30, Blue Rose 3.65, other varieties unchanged.
A dialogue reveals a claim about unique affection and a promise not to disappoint. The exchange hints at a depth of feeling and a vow tied to exclusive love, implying emotional stakes in a personal relationship scenario.
Financial institutions holding more than half a billion dollars of agricultural land mortgages attend the third annual Farm Mortgage Bankers Association of Americas meeting in Memphis. The program features an address by F. W. Thompson and a talk on the federal farm loan act by W. M. Caraway. Sen. Henry F. Hollis cannot attend.
Wholesale prices to trade list extensive grades for potatoes onions celery cabbage peppers beets carrots and more with figures per dozen basket bushel crate and hundredweight. Includes apples bananas oranges lemons limes figs canned fruits meats and grains with varied origin notes for California Colorado Texas and Illinois among others.
Chicago traders viewed rains in Argentina as bearish for wheat and sent prices up briefly before a late retreat. December and May futures hovered around 1.80 to 1.81 dollars as Argentina rainfall spurred expectations of wider moisture, though drought relief was not confirmed. Corn weakened after sharp moves, while oats followed broader grain trends and hogs weighed on revisions.
Quotations show grains mixed with small moves. Wheat unaltered to 6 cents lower with No 2 hard at 1.76 to 1.87. Corn steady to 2 cents down to 96 to 98 cents for No 2 mixed and No 2 white around 1.00 to 1.01. Orts decline with No 2 white 53 to 53 1/2 cents and No 2 mixed 52 to 61 1/2 cents. Rye quoted at 1.34 to 1.35 dollars.
Kansas City grain futures closed with wheat for December at 1.75 percent and May at 1.75 percent, and corn for December up 5 cents and May at 87 cents.
Quotations for grains and cereals from St Louis and Chicago show mixed moves on October 26. Wheat in St Louis ranges No 2 red 1.7944 1.80 percent with No 2 hard around 1.83 1.86, while corn edges higher with No 2 yellow near 1.08 1.093 and oats weaker at 52 to 54 cents. Rye holds around 1.38 and oats Nos. 62 to 62 cents for some grades.
Market activity was limited with few price changes across centers. In Fort Worth hogs fell 6 to 10 cents, other markets down about five cents, while overall receipts remained light with cattle 562 calves 256 hogs 134 horses 208 at Union Stock Yards October 26.
Fort Worth market receipts show cattle 5500 head with steady quotes. Steers 6.00 to 7.00, stockers 6.00 to 6.70, calves 5.00 to 9.00, cows 2.50 to 6.25, bulls 4.00 to 5.00. Hogs 2500 head discounted 5 to 10 cents, bulk 9.96 to 10.15, top 10.20. Sheep receipts 50, market steady with lambs 9.00 to 9.50, yearlings 7.00 to 8.00.
Kansas City market data shows hog receipts around 10,000 with prices mainly 9.75 to 10.50 for pigs and 9.80 to 10.35 for bulk to packers. Cattle receipts about 4000 with steady to firm values. prime fed steers 9.80 to 11.00, dressed beef 7.00 to 9.25, cows 4.50 to 7.25, calves 6.00. Sheep receipts 9090 with steady to slightly higher bids. lambs 9.75 to 10.50, yearlings 7.50 to 8.50, wethers 7.00 to 8.00.
Chicago market summary dated Oct 26 shows receipts for hogs at 26 000 with prices weak and mixed classes quoted from 9.75 to 10.45. cattle receipts 9 000 with steady markets and price ranges for native beef cattle 6.60 to 11.66, western feeders 6.15 to 9.50, stockers 4.66 to 7.75, cows 3.35 to 9.40, calves 7.00 to 11.00. sheep receipts 2 000 with firm market and wethers 7.00 to 8.25, lambs 8.26 to 10.76.
On October 26 in St. Louis receipts show hog markets 10 cents lower with various classes listed from light hogs at 10.00 to bulk hogs 10.00 10.85. Cattle receipts reach 6000 with steady market, ranges for native beef steers to cows and calves provided. Sheep receipts at 1500 with steady market, lambs and ewes priced across multiple brackets.
Oklahoma City reports receipts of 1500 cattle and 1100 hogs with cattle steady and hogs five cents lower. Top hog price reaches 10.25 dollars. Also notes yesterday’s late sales and market activity.
Chicago market quotes show 12 day figures for whale pack, lard, bacon and ribs with open low high close values. Local packing house notes list dry salt bacon extras, salt bellies and pure lard prices along with bacon averages and hams in the 14 to 28 cent range.
A heavily bandaged soldier is helped by Mrs. Louise Shotridge, a full blooded Indian, who plans to accompany her husband on an Alaska expedition. The soldier reveals his ankle wound as the bandages flip.
A Scottish laird, Old MacTam mart of Tilifiddley, faces a gout attack as a doctor loudly proclaims striking at the root of the matter by breaking a decanter of wine. The blunt physician delivers a grim punchline as the patient yelps in pain.
Recessions of 1 to 3 points in low priced rails and specialties weighed on early trading in New York. Copper gains and late strength in Texas and Pacific and Wheeling and Lake Erie boosted rails, with United States and Lackawanna Steels and American Can leading final hour gains as overall close remained firm.
Trading in Mexican money in San Antonio on Thursday showed bids and asks for silver pesos and Carranza money. London reported bar silver at 824d per ounce and money at 5 percent with discount rates for short bills at 5 percent and three months at 5 percent.
Lead in New York markets quoted at 7.00 to 7.10 per unit with spelter quiet and East St. Louis delivery noted. London evening quotes show lead at 30 pounds 10s and spelter at 64 pounds sterling.
Buyers in San Antonio Thursday reported steady to firm prices for local produce. Butter 30 to 34 cents per pound creamery, country 26 cents, packing stock 22 to 25 cents. dozen prices for various poultry and fowl ranged from six to eight dollars for dozen, with higher rates for large birds and turkeys.
Butter remains steady while potatoes rise and cheese holds. Receipts show 6822 tabs, 2912 cases of Ese, and 47 cars. Minnesota and Dakota white at 1.50 to 1.55, Opies at 1.60, whites 1.50 to 1.60, fowls licensed, springs unchanged.
Kansas City market notices list butter prices with creamer firsts at 34 3 4 cents and 29 1 2 cents for seconds, packing at 27 3 4 cents. cheese firsts 31 cents. Poultry quotes include hens 16 cents and roosters 12 cents with broilers at 21 cents. Kaw Valley Ohio potatoes firm at 1 dollar 65 cents.
Observations recorded on Thursday October 26 1916 at 8 00 a m noting wind speeds under 10 mph and precipitation under 0 01 inch were not logged. Allen Buell meteorologist of the Weather Bureau signs the note.
The belt experiences fair weather with below normal temperatures. Frost is reported at Fort Worth Dallas Oklahoma City Riverside and Huntsville in Texas. Alley Buell, Meteorologist Weather Bureau.
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