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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 08, 1916
Page
13
The latest ginning report hurt cotton prices as market sentiment soured and Liverpool prices moved lower amid pressure on staple futures. Traders cited weaker export demand and seasonal harvest shifts affecting supply expectations.
Quotations from principal cotton markets show a sharp morning drop after the Census Bureau reports 850,082 bales ginned by Sept 1, a new seasonal high. New York and New Orleans open steadier later. spots slump, then recover slightly with gains not material. Prices for spot cotton in San Antonio show Good Middling around 14.86 and Low Middling near 3.25 in the day’s trading.
Liquidation and local selling hit the cotton market with bearish sentiment spurred by census data showing 850 032 bales ginned before September 1. Liverpool stayed steady but New York opened weaker with December at about 15.14 cents, then fluctuated around 15.18 to 15.26 cents.
New York cotton market opened steady on September 8 with October at 15.14 and December through May futures showing mixed values. Highs and lows listed for several contracts, Liverpool set to open Saturday with a 11 o'clock follow.
In New Orleans the cotton market dropped 20 to 21 points in the first half hour amid selling tied to a record Census Bureau figure for September. Traders covered short positions later, and by noon losses narrowed to 13 to 16 points as profit taking and free spot offerings on the belt widened the decline.
The snippet lists Sept steady trends and October notes with cotton prices for October and January, showing highs lows and closes. It records several numeric values like 4.78 16.14 15.50 and 16.09 15.88, reflecting trading figures and daily close values without full context.
Liverpool cotton market notes spot prices Good middling 9.54, middling 9.38d, sales 10,000 bales. Receipts 2,500. Futures list sections with September to August quotes. Weekly statistics show total exports to mills 58,000 bales, American 61,000 stock 621,600. American stock 495,000. Imports 37,000, American 291,000. Exports 6,700.
Fragmentary ad seeks a solicitor in San Antonio to sell Elgin watches and solid gold jewelry directly to consumers via Harris Gear Co original easy payment plan. Mentions talent workers as success, with vague contact.
Friday activity on Commission Row showed steady trade with good receipts. California fruits arrive liberally and the market is well supplied with staple items. No major price changes. oranges up 35 to 50 cents per box, now about 5.26. Dry salt and bacon extras up a quarter cent. fancy hams and bacons unchanged at 22 and 28 cents. lard up half a cent to 16 cents. compound now 12 cents.
Regional cotton stocks and deficits are listed for Texas and gulf ports with totals for Galveston Houston New Orleans Savannah Charleston Wilmington Norfolk Boston Brunswick and more. New York sugar prices rise with steady refinery activity and futures firming on improved spot demand. New Orleans notes both rough and rice markets steady with receipts and sales across Honduras and Japan.
The list shows wholesale prices to retailers and shippers for a wide range of produce including potatoes at $2.85 per hundredweight New Texan red, onions at $1.25 per lug, celery 66 cents per dozen, peppers 60 cents per 4-basket crate, lettuce $2.50 per California crate, cantaloupes $1.25 to $2.00, watermelons $1.00 per hundred, corn 12% to 16 per dozen, and various fruits with California and Texas sources. Also listed are canned goods, sugar, coffee, and other market items with prices and pack sizes.
Observations recorded at 7 a m on Friday September 8 1916 wind speeds under 10 mph and precipitation under .01 inches are not published The notice is signed by Allen Buell Meteorologist Weather Bureau and mentions Miss Green Miss Gadleigh with a Boston Trainee tone.
The September crop report from the Department of Agriculture details extensive corn damage across the belt due to dry heat. It cites reduced yields in Oklahoma, Kansas, and parts of Arkansas and Missouri, with frost impacts limited to northern Minnesota and portions of North and South Dakota.
In Chicago early trading wheat prices slipped as bears faced a Washington crop report yet gained later amid Bulgarian success in Roumania. December futures opened 1.5 to 2 cents higher, fell, then rallied, ending 2 to 8 cents higher on the day. Corn eased. oats gained on export demand. provisions held with hogs leading.
Chicago and St Louis market notices list current grain prices for wheat corn and oats. Wheat ranges are shown with No 2 hard and feeds, while corn and rye figures are given for various grades and white or yellow varieties. The notes reflect day to day fluctuations with prices in dollars and cents and indicate spot levels for No 2 and higher grades.
Quotations show grains higher with wheat at No 2 hard 1.50 to 1.60, No 2 red 1.61 to 1.64. Corn gains across To 2 mixed 85% 86c, No 2 white 85% 87c, No 2 yellow 86% 87c. Oats rise No 2 white 47% 48s% to 49c, No 2 mixed 48 49c. Rye at 1.22 to 1.24.
Kansas City market news reports grain futures closing with September at 1.51 and December at 14 for corn. Prices listed include September at 86 tc and December at Tic. The brief notes reflect typical futures trading fluctuations on the day.
Local packing house quotes list dry salt extras at 16 percent bacon extras 18 cents and bacon bellies 14 to 16 pounds at 18 cents. fancy breakfast bacon 7 cents fancy hams 22 cents. bacon bellies 14 to 16 pounds at 20 cents. pure lard 16 cents compound 12 cents.
In a nominal day at Union Stock Yards the bottom dropped from cattle receipts with one firm handling about 400 head of stocker cattle and driving fair prices. Hogs sold mainly from 6.50 to 7.00 for feeders and up to 10.25 for choice butchers. Totals: cattle 43 head, calves 30, hogs 108.
Fort Worth Texas September 8 cattle receipts 1800 head market steady to higher with steers 6 7 stocker steers 5 6.50 heifers 5.60 7.50 cows 4.50 6.50 bulls 4 5.50 calves 5.50 9.60 hog receipts 2200 head market 6 a og lower bulk 10.60 10.70 top 75 sheep receipts 2100 head market steady lambs 9 4.60 yearlings 8 3.50 wethers 6.50 7.00 ewes 6 6.60 culla 4 6 goats 4.50 5.50.
Kansas City stockyards reported receipts of about 4000 hogs 2000 cattle and 5000 sheep. Hog prices ranged heavy 10.75 to 11.10 and light 10.70 to 11.10. Cattle included prime fed steers at 10.00 to 11.00 and cows 4.75 to 7.50. Sheep rose 15 to 25 cents with lambs at 19.25 to 11.00 and yearlings 7.50 to 8.26 amid a steady to higher market.
Chicago hog receipts 17 000 head with slow market and mixed prices. Bulk $10 206 to $11.05, light to heavy runs $9.80 to $11.85, pigs $6.60 to $10.30. Cattle receipts 4000 head weak: native beef $6.60 to $11.35, stockers and feeders $4.75 to $7.70, cows and heifers $3.65 to $9.45, calves $8.75. Sheep arrivals 9000 head with lambs and wethers trading, prices $6.75 to $8.30.
Hogs receipts 2790 head with higher prices across grades. Pigs and lights and mixed hogs quoted from 7.11 to 11.30, bulk 10.75 to 11.85. Cattle receipts 1300 head with market 10c lower. native steers 7.11, yearlings 8.50 to 10.25, cows 5.50 to 8.00, stockers 5.20 to 8.00, Texan quarantine steers 5.50 to 8.60, prime southern steers 8 to 9, cows and heifers 4.50 to 8.00, native calves 6. Receipts 1300 head. lambs 7 to 10.75. slaughter ewes and bleating ewes 9 to 10, yearlings unspecified.
In Kansas City sales 2000 cattle including fifteen cars quarantined. Prices mixed with Crvl and MARGE entries unclear. Oklahoma City reports 1100 cattle steady and 4000 hogs down up to 19 cents, top hog price 10.65, with individual cattle lots around 6.00 to 6.75 per hundredweight.
New York stock market opened higher led by investment issues and gains in metal, paper, and shipping shares. Inspiration Copper rose strongly with United States Motors and allied issues joining the advance. late session saw adverse crop conditions tempering some gains while Reading climbed.
Mercantile paper 8 percent. Sterling sixty day bills 4.71 percent, demand 4.75 percent, cables 4.767 to 4.16. Francs demand 588 percent, cables 587. Guildere demand 40 percent, cables 40. Rat silver 68 percent, Mexican dollars 52 percent. Government and railroad bonds steady. Time loans steady with sixty days 2 percent, ninety days 3 percent, six months 2 percent. Call money steady. high 4 percent, low 24 percent, reserve rate 3 percent, last loan 3 percent, closing bid 2 percent, offered at 8 percent.
London reports bar silver at 828 164 per ounce and money at 4 percent. Discount rates shown for short bills at 6 4 percent and three months at 5 4 percent. Rates reflect market conditions and financial indicators for the period.
New York metals report from New York NY on September 8 notes lead at 6.65 dollars per unit with East St Louis delivery at 8 percent spot, spelter steady, copper firm around 27.00 to 28.00, iron steady, metal exchange quiet, time steady with spot at 38.75 to 39.00.
Landon reports copper futures at 107 108 and spot at 110 while electrolytic copper sits at 131.1. tin futures at 170 and spot at 170 158. In New York on September 8 coffee No 7 steady with September at 9.50 and March contracts noted.
Washington reports the first ginning census for 1916 shows 850 032 bales for cotton grown before September 1, up from 468 883 last year and 794 099 in 1903. State yields list Georgia and Texas among top ginners, with Sea Island bales also detailed and turpentine and resin market notes from Savannah.
On September 7 in New York a cotton goods firm noted active demand for heavy convertibles and lively yarn activity. Raw silk prices eased while men’s fine wear sold irregularly for spring orders.
Temperatures were nearly normal and rainfall exceeded one inch at Pauville Valley Okla Bentonville Ark and Ft Smith Ark for the 24 hours ending 8 a m 76th meridian time LLEN BUELL
Shippers report steady to firm quotes in San Antonio. Butter and creamery products hold firm with per pound prices around 30 cents for creamery and 19 to 20 cents for country. Poultry shows firm demand with hens at six dollars a dozen and large fryers near five to six dollars. Turkeys run 17 to 18 cents per pound and ducks from four to five dollars per dozen.
Market report from Kansas City dated September 8 lists butter prices with creamery at 8 cents and firsts 26 cents and 27 cents fees, poultry prices for hens 15.5 cents roosters 1 cent and broilers 26 cents, and Kaw Valley new potatoes Ohio firsts firm at 1.25 dollars per bushel.
In Luling Texas farmers showed strong demand at a seed sale with street cotton seed for mills fetching 44, 47.50 and a top 51.50 per load. Planting seed commands higher values with Mebane Triumph seed in demand at around 60 per ton.
Peter Rad joint commissioner asserts no 12 cent minimum was agreed at the Farmers' Union class meeting in New Orleans. He says 20 cents was discussed and would have been the minimum if any agreement existed. Experts estimate Ecuador could boost agriculture 150 percent with scientific methods.
A terse pitch urges readers to invest spare funds now, citing comparable stocks with promise of lucrative returns if bought immediately, signaling a time sensitive opportunity. The language suggests a sensational, market oriented brief typical of a financial column.
An offer for free industrial and sample copies is extended to readers who request it promptly. The notice provides the address 27 William Street, New York City, as the contact point for immediate correspondence.
A remark titled A Frank Reply appears in the Detroit Free Press, referencing a phrase Every other baby that ever saw. The item is presented as a short quoted exchange or social note.
Butter steady. Eyes receipts 6590 cases unchanged. Potatoes firm to higher with fifteen cars received. Jerseys quoted 1.25 to 1.50, Minnesota and Ohio 1.00 to 1.25. Poultry alive unsettled, fowls 17 percent, springs one cent.
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