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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 01, 1916
Page
13
A sharp surge in Liverpool sparked higher opening prices and raised fears of storm damage. Analysts note rapid moves in the market, with investors watching for further volatility as traders react to the unexpected price shift.
Quotations from the principal spot cotton markets describe a volatile session led by a Liverpool surge and rainfall in Texas, Oklahoma, and Arkansas. Prices shifted from a strong opening to a midday slump, with New Orleans and New York showing declines before a late steadiness. Local compress prices list various middling grades and lows.
Cotton prices opened with a 6 to 21 point rise as Liverpool's surge sparked renewed buying. Heavy realized profits and weather news in the Southwest pushed values down later, with October near 16.06 cents and December around 16.10 cents.
The New York cotton market opens with October at 16.50 cents and December 16.47, January 16.45, March 16.57, May 16.73. Futures close easier. quotes show mixed highs and lows by Thursday’s finish and Liverpool expected to open Monday with declines of 14 to 19 points.
New Orleans September cotton rose to early highs as futures gained to 16.23 cents for October with other months advancing. Profit taking and holiday factors triggered a broad retreat from the session peak, sending prices 24 to 28 points lower before a late afternoon quiet rebound.
New Orleans reports cotton trading with opening bids for October 16 14 cents and December 16 20 cents. January 16 30 cents, March 16 47 cents, May 18 62 cents. Futures closed steady with varying highs and lows across contracts.
Savannah report shows turpentine sales 352 with receipts 498 and stocks 20 952. resin firm posts sales 1833, with gracerote 1416 and shipments 1005. notes include A B 518 CG D and prices from 5.75 to 6.46 dollars. also mentions Dynes ES and N and Bes G. Chinese government plans wireless telegraphy to Tibet.
Spuds and onions rose 25 cents per hundred pounds by local commission dealers Friday amid threats of a strike due Monday. Washington reports suggest the strike may be called off by Sunday and the market could revert to normal levels. Flour and wheat stocks in San Antonio mills remain ample to meet ordinary trade demands, even if a strike occurs. Flour presently sells for 7.80 to 7.90 per barrel. Poultry eggs and butter demand remains steady with no price changes but an advance expected. Commission Row business was slightly off as California and Colorado car lots flow in. no Texas stock arriving.
Wholesale to retailers details ranges for potatoes onions celery cabbage peppers and many more items with origins Texas California and other names. Includes prices per hundredweight per crate per dozen and per pound for celery lettuce fruit canned goods and nuts with notes on shipments and freight terms.
New York opening and noon quotes show January at 10.07 10.01 9.84 9.82 with other months trading around 9.60 to 10.00. September October November December ranges listed with sales totals of 18,700 to 56,300 contracts.
Wheat futures rose early on prospects of a railway strike settlement with large buyers active and Liverpool scarce offerings lifting US prices. September 1. Prices for September and December climbed before closing mixed as fears of Congress action and Greece's king abdication sparked a late decline. Corn and oats also gained on improved strike outlook. Provisions held firm as hog declines failed to offset gains.
In Chicago on September 1 the commodities market lists No 2 red wheat at 1.4 to 1.432 percent, No 2 hard wheat at 1.46 percent, No 2 yellow corn around 86786c, standard oats at 4 6 8 to 5 % cent, and barley near 1.06 dollars.
Wheat falls for No. 2 red and hard. corn declines with No. 2 and No. 2 white mixed. Oats retreat with No. 2 at 45 to 45.5 cents and No. 3 white around 49 cents. Local report from St. Louis dated September 1.
Grain futures in Kansas City closed with Wheat at September 1.35 and December 1.39. Corn finished September 89 1?4 cents and December 71 cents amid cautious trading.
At Union Stock Yards on Sept 1 buyers showed little cattle trade as offerings were light. Hogs led with top prices up to 10.60 in Fort Worth while outside markets posted about 25 cents lower. Total receipts included 53 cattle, 12 calves, and 115 hogs.
Cattle receipts 3000 head with a weaker market. Steers 6 to 7 dollars, stocker steers 6 to 6.50, cows 4 to 6, heifers 5.50 to 7, calves 4.60 to 8.50. Hogs receipts 4500 head weak to lower with bulk 10.25 to 10.56 and top level noted. Sheep receipts 1000 head weak to 26 cents lower. lambs 9 to 9.50, yearlings 8.50, wethers 6.50 to 7, ewes 6 to 6.50, cuts 4 to 5, yearlings 4.60 to 5.50.
Chicago market roundup shows receipts of 28 000 cattle 12 000 cattle and 12 000 sheep. Bulk prices for hogs ranged from 10.60 to 11.30 for various weights and grades. Cattle included native beef at 7.25 to 11.30, western steers 6.50 to 9.25, and cows 3.75 to 9.60. Sheep lists wethers 6.26 to 7.60 and lambs 6.59.
St Louis market report lists receipts of 8500 hogs and 1000 sheep with mixed results. Hogs lower by 25 to 30 cents. pigs and pigs and heats range from 7 to 11.25 dollars. Cattle receipts show market steady with native beef steers from 7.10 to 6.76 and prime steers up to 9. Cow prices 5.50 to 7.75. Lambs 7 to 10.50. yearlings 6.9 to 9.50. bleating ewes 9.10.
Kansas City market report shows hog receipts around 5000 head with prices 10.12 to 10.70 for bulk and heavy categories. Cattle receipts near 2000 head with prime fed steers around 10.11, dressed beef steers 7.50 to 9.75, cows and heifers in the 4.75 to 10.25 range. Sheep receipts about 1000 head with lambs 19.10 to 10.75, yearlings 7.25 to 7.8, ewes 6.75 to 7.25.
Wheat No 2 hard 1.41 1.50, No 2 red 1.47 1.52. Corn No 2 mixed 80 81 a penny split. No 2 white 81 81 4c. No 2 yellow 82c. Oats No 2 white 16c No 2 mixed 46 48c.
Shippers market reports Friday show Egga steady at 26 26c per dozen, butter steady, creamery 25 3%c, country 19 20c. Packing stock 18 ise per pound. Poultry firm with hens at 6.00 per dozen and large fryers 5.50 6.69, broilers 3.99 3.50, turkeys 17 ise per pound, ducks 4.00 5.00 per dozen, geese 4.60 5.00.
Chicago provision market quotations show dry salt extras at 16 1/2 to 16 3/4 cents, bacon extras around 11 to 17 cents, dry salt bellies 14-16 pounds averaging 18 to 22 cents, fancy breakfast bacon up to 28 cents, and pure lard lime compound at 11 1/2 cents.
Chicago totals show butter creameries at 7981 cases received, unchanged while potato receipts climb with 35 cars. Jersey cobblers priced at 1.75 to 1.90, Jersey elients 1.45 and Minnesota and Ohio varieties noted.
Butter and creamery products quoted at 28c for firsts 26c for firsts 26c 25c packing 25c Eger firsts 27c Poultry prices listed hens 156c roosters 11c brooders 20c A valley early Ohio firm priced at 1.80 dollars.
The close of the state fiscal year reports a general revenue balance of 3 512 991 dollars sufficient to cover appropriations until tax payments arrive. The available school fund stands at 1 129 293 dollars, reversing last year's deficit of about 1 million.
August land sales and leases reached 265302.02 dollars, per State Treasurer J. M. Edwards. Of the sum, 192840.10 dollars was credited to available funds and to permanent improvements.
The National Wool Growers Association convention in Salt Lake City was delayed due to a threatened railroad strike and will now be held in January with the exact date to be announced by the executive committee.
American prints advanced to 7c and wide sheetings to 3744c for 104 goods, higher than 1907 quotes. Dry goods markets were very feverish due to rising prices and fears of a railroad strike.
Cattle market in Oklahoma City on September 1 shows 800 head received with strong to steady demand. Late sales from yesterday are noted but not detailed in the report.
Liverpool cotton prices held firm on Sept 1 with good middling at 10.06 and middling near 9.90. Sales total 5000 bales including 500 for speculation and export. receipts figure not shown.
In Liverpool on September 1 futures for September to August show steady small adjustments. Rates include September-October at 9.66 percent and December-January at 9.61 percent, with other monthly pairings ranging from 9.53 to 9.66 percent.
Liverpool dispatch notes weekly cotton statistics showing 62 000 bales forwarded to mills with 46 000 American. Stock stands at 647 000 including 521 000 American. Imports total 22 000 with 14 000 American and exports at 569.
The bulletin notes fair weather across the belt with showers in the west. Temperature near normal with rainfall of an inch or more reported at Bentonville Arkansas Ada Ardmore Durand Marlow Oklahoma Weatherford Ballinger Sherman Texas. Allen Buell meteorologist for the Weather Bureau reports in San Antonio.
Raw sugar steady at 4.89 with centrifugal. molasses at 4.12 and refined steady. Fine granulated ranges from 7.00 to 7.26.
The railroad strike crisis eased and sparked a rally led by United States Steel with about 5600 shares traded at 96.5 to 97. Readings rose for Union Pacific Atchison and New York Central by about a point. By afternoon Washington notes sparked profit taking and readings fell. Studebaker and Willys-Overland weakened before a heavy final hour.
New York money markets on September 1 recorded mercantile paper steady with Sterling 60 day bills at 4.71 percent and demand 4.75 percent. Cables quoted at 4.767 to 16. Guilders demand 40 percent. Bar silver at 68 1/2 cents and Mexican dollars at 62 1/2 cents. Government bonds steady while railroad bonds softened.
Time loans show steady rates across durations with 60 day at 2 percent, 90 day at 3 percent, and six months at 3 percent. Call money strengthens, high 8, low 3.43, ruling rate 2 percent, last loan 3 percent, closing bid 2 percent, offered at 3 percent.
ENGLISH MONEY LONDON Sept 1 Bar silver 32 4 per ounce Money 4 percent Discount rates Short bills 6 5 percent three months 5 14 6 75 percent per cent.
Lead ranges from 6.65 to 6.75 amid spot sales in New York. Spelter and copper firm with electrolytic copper at 27.00 to 28.00. Tin quiet around 28.75 to 39.00 with spot quotes.
London market reports lead at 39 pence, spot copper 110 pounds, futures 107 108, electrolytic 130. Tin is 170 pounds spot and 171 in futures, reflecting firm mood in metal prices.
Observation taken at 7 a m Friday September 1 1916 by the Meteorologist Weather Bureau. Record notes temperature atmospheric conditions and notable weather readings for the period. Data intended for public forecast and historical climate record.
Rough rice up with 13 720 sacks received. Clean Honduras rice 13 144 pockets listed. Notable Honduras notes show price ranges from 3.40 to 3.76 per ton. Other grains and finishes remain unchanged in trading activity.
The coal miners strike began at Thurber Strawn Avery Bridgeport and Newcastle in Texas and will continue until wage agreements are reached by Fort Worth negotiating committees. The previous wage pact expired last night with miners seeking higher pay. In Kansas City Missouri the 35 000 miners across four states faced a tense crisis as subcommittee talks stalled but a general conference postponed its decision and planned renewed talks.
Austin Texas September 1. The law from the Thirty fourth Legislature mandating wash houses for miners becomes effective today. State labor commissioner W Woodman says nearly all Texas mines are already equipped with the mandated facilities.
Three men died and a fourth was critical after an ammonia explosion at a downtown meat market. Over a hundred gallons released. private refrigeration plant wrecked. Victims include G. W. E. Neuer, Al Bergman, and Michael Yehl. Ernest Neuer may die. other employees escaped fumes. Firefighters recovered the bodies within 20 minutes.
In Austin Texas on September 1 the fiscal year just closed saw 60 591 warrants issued up from 36 759 the previous year an increase of over 1000 warrants per month The rise is blamed on Comptroller Terrells new accounting method allowing filing of all state accounts individually rather than in lumps.
A Washington Star snippet shows Farmer Countessel declaring he will run for office or support someone who can. He laments his inability to captivate his own family or hired help and expresses a desire to speak to a new crowd.
President Wilson signed the child labor bill in Washington with witnesses including Secretary Wilson Senator Robinson Representative Keally Julia Lathrop head of the Labor Department children's bureau and other supporters. He spoke of the long struggle and the bill's benefits to national health vigor and happiness of affected youths.
William J. Patterson of Pittsburg was elected commander in chief of the Grand Army of the Republic at the Kansas City encampment. He succeeds Captain Eling R. Monfort of Cincinnati. Other candidates included Patrick H. Coney Topeka Levant Dodge Berea and J Payson Bradley Boston.
Evelyn C. Marquette a Reading shop girl living in Oakbrook received an engagement ring from Claude A. Parsons of Arnold near Pittsburgh after a hardware store lock bearing her name and address was used as a playful device in their courtship. Parsons produced the key to prove his claim and plans for a wedding are underway.
A conversation reveals John refuses to give money while his partner laments heavy shopping. The dialogue notes she has charge accounts at three stores, prompting the push to find items at an estate sale rather than those shops. She argues the estate store won't have what she seeks.
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