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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 10, 1916
Page
29
World financial and commercial markets review notes missing data and forecasts. Weather section reports temperature highs and lows, precipitation totals, and anomalies with figures for month to date and year to date.
A report on the ginning through September 1 shows cotton prices about 700 dollars below recent highs. Weather conditions are aiding crop prospects, suggesting continued market influence from supply data and favorable conditions.
Cotton markets opened unsettled as prices slipped about seven dollars per bale for the week ending Friday. Traders cited hedge selling, increased southern offerings, and a record ginned count to Sept 1 as drivers of liquidation. New York and Liverpool showed mixed, volatile moves with declines late in the session.
Buyers in San Antonio paid various prices for spot cotton with categories including good middling and strict low middling. The report lists quotations and market activity from yesterday with terms like strict and good ordinary appearing amidst garbled text and uneven spacing.
New York cotton rose early with advances of 1 to 8 points and 14 to 16 points higher in initial trading as southern selling remained light. Prices hit 15.40 for December and 15.51 for January before late losses pulled December to 15.43 16.00 and January to 15.21 amid renewed southern selling and local liquidation.
From New York on September 9 the cotton futures market shows values for October at 15.12 with a steady tone while other maturities like December January and March trade irregularly. The Liverpool market is expected to open Monday with declines of 1 to 1 1/2 points and a report of the 11 o'clock call.
Cotton prices in New Orleans opened weak as October fell five points but short covering surged during the first half hour. By session end active months stood 11 points above yesterday's close and late gains reached 15 to 17 points on renewed demand amid forecasts of continued showery weather over Sunday.
In New Orleans on September unnamed date, cotton futures opened steady with bids noted for October at 14.73 and January 15.16 and March 15.88. The market displayed daily fluctuations with highs and lows listed for March and October contracts. A holiday was observed on the Cotton Exchange in Liverpool.
Wholesale prices to trade list California onions and tomatoes Texas cabbage peppers greens beans squash carrots turnips chili peppers lettuce parsley eggplant spinach melons and more. Prices cover dried fruits canned goods canned meats coffee sugar rice flour and staple commodities with varied per unit costs and crate, basket, or case quantities.
Secretary Hester issues the weekly comparison table for the New Orleans Cotton Exchange. The report contrasts current week figures with the same seven days last year and the year before, covering port receipts, inland and foreign exports, mill takings, spinners’ coon, and the world’s visible supply including totals for the season and date-specific comparisons.
The United States Department of Agriculture announced higher prices paid to producers for principal crops in August, with an eight year trend showing a 2.1 percent August decline. The September 1 index was about 21.9 percent above a year ago and 18.6 percent above the eight year average. Meat animal prices edged up slightly in August, while stock hogs on September 1 were 3.8 percent below a year ago.
Temperature rainfall and weather conditions for the Houston district reported for the 24 hours ending at 8 a m. Central Time. Data covers station readings across the region with brief forecasts and notable variations in temperature and precipitation.
A meteorologist notes belt weather near normal temperatures with rainfall totals reaching an inch or more in Newnan Georgia Huntsville Alabama and Palestine Texas as reported by Allen Tell from the Weather Bureau.
The New York sugar market opened steadier with prices closing 2 to 6 points higher on weekend covering and broker demand with foreign connections. Total volume reached 2600 tons as September 4.20, March 3.88, and May 3.94 were quoted for raw and refined holiday.
New York brokers report coffee futures trading with Rio and March contracts showing little movement as September prices hold near 9.49 cents per pound for nearby Rio coffee while traders await new market cues.
New York September 9 report shows print cloths easing slightly and yarns cooling while cotton goods stay firm and linens rise. Wool markets remain unusually strong with waning demand for wearables, wholesalers report brisk business on wool fabrics and coats.
The Interstate Commerce Commission ordered reductions before February 1 for freight rates from Memphis St Louis and Kansas City to Shreveport and Alexandria La and to points in south Arkansas and Louisiana. The commission set reasonable rates and did not issue new reduction orders. The rates will stay in effect for two years.
Kansas City notes butter eggs and poultry hold steady with no change. Kaw Valley early Ohios firm at $1.50 per unit.
In a Scottish church interior a minister tours and asks Thomas what he thinks of the improvements. Thomas derides them claiming they are not improvements and wonders how to fill the space if a popular minister arrives. The exchange reflects local church life and attitudes toward changes.
Fort Worth Texas September 9 Cattle receipts 250 head market slow steers six to eight dollars heifers five sixty to seven fifty cows four fifty six twenty five bulls four to five calves six fifty nine fifty Hogs receipts 800 head market nominal bulk ten seventy to ten seventy five top ten seventy five Sheep receipts four thousand head market nominal lambs nine to nine seventy five yearlings eight to nine fifty wethers six fifty seven goats four fifty five fifty
Receipts and quotations reported for cattle and sheep at Kansas City. Market steady across categories. Prime fed steer prices range to 11.00, dressed beef steers to 9.75, cows to 7.50, stockers to 8.00, lambs to 11.00, yearlings to 8.26, wethers to 7.75, ewes to 7.25. Total receipts: cattle 200, hogs 500.
Receipts and quotations show hogs at slow market with mixed classes from $9.75 to $10.20, cattle receipts 500 with steady values from $3.65 to $6.60 for native beef cattle and $3.65 to $4.40 for cows and heifers, calves $8.75 to $13.00, and sheep receipts 600 with steady values from $6.75 to $7.00 for wethers and lambs to $11.6 when quoted.
Receipts total 3100 with a steady to firm market across pigs cattle and sheep. Pigs range from 7.00 to 11.45 with typical lines in the 10.75 to 11.40 band. Cattle include native beef steers 7.07 to 11.00 and prime southern steers 8.00 to 9.00 with cows and heifers 4.50 to 8.00. Sheep show steady demand with lambs 7.00 to 11.00 and ewes 5.00 to 10.00.
New Orleans reports steady demand for both rough and clean rice with good sales. Receipts include rough 12 218 sacks and millers 4730 sacks, clean 1275 pockets. Sales feature rough Honduras 2837 sacks and Japan 355 sacks, clean Honduras 8876 pockets and 614 pockets, with prices Honduras 2.75 to 2.78, Japan 3.25 to 3.50.
United States Department of Agriculture weather bulletin reports observations at 7 p m Saturday September 9 1916. Wind under ten miles per hour and precipitation under .01 inch are not published. Allen Buell serves as meteorologist.
An anecdote from the London Sporting Times describes Highland soldiers marching through a quiet French village. Two elderly locals debate gender based on clothing and facial hair, then conclude the unit is the famed middleregiment.
A fragmentary wartime exchange shows Pat urging Tim to move as shells fall around them. Tim replies he is waiting for the storm to pass, fearing what he might encounter if he runs.
A compact device for the deaf is described as a small enclosed cylinder held by a handle similar to a lorgnette. The contraption appears to be a wearable aid designed for discreet use.
Trading in the past four sessions reached near yearly highs with 1,000,000 to over 1,300,000 shares daily. United States Steel Inspiration Copper Mercantile Marine Atlantic Gulf and West Indies hit new records as rails stayed firm. Reading and shipping shares rallied, copper and zinc moved up, and bonds remained steady amid European loan talk and war news.
Mercantile paper yields to percent. Sterling rates show sixty day bills at 4.71 percent and demand 76 percent with calles at 4.767 16. Quidlers demand 40 percent and cables 40 13 16. Francs demand 5 87 percent and cables 6 87. Bar silver at 68 c. Mexican dollars 52 c. Government bonds and railroad bonds hold steady.
New York banks and trust firms report an excess reserve of 69.8 million dollars, down 26.0 million from the prior week. Loans total 3.806 billion, deposits rise and fall across vault reserves, federal bank reserves, and time deposits amid shifting demand.
Local market quotes for Saturday show dry salt extras at 16 percent, bacon extras at 1 cent, dry salt bellies averaging 14 to 16 pounds at 18 percent, fancy breakfast bacon at sc, fancy hams at 22 cents, bacon bellies 14 to 16 pounds averaging, pure lard at 16 cents, compound 12 Ke.
Chicago price quotes list today show No 2 corn at 85 cents for white and 85 cents for other categories. No 2 rye is offered at 1.24 dollars, with oats and other entries noted as standard but incompletely recorded.
Shippers market report from San Antonio shows demand steady with prices for country candled produce at 27 cents, creamery butter 26 2 1 2 cents, country butter 19 to 20 cents, packing stock 18 to 19 cents per pound. Poultry prices hold firm with hens 6 dollars per dozen, large fryers 5 1/2 to 6 1/2, broilers 2.99 to 3.50 each, turkeys 17 to 18 cents per pound, ducks 4 dollars to 5 dollars per dozen, geese 4.60 to 5.00 per dozen.
Chicago markets report butter firm at 26 31? and 27c for first and ordinary. eggs higher with receipts at 23 cases. potatoes lower with receipts 20 case. live poultry unchanged. jerseys from Minnesota-Ohio quoted between 1.00 and 1.45.
Savannnah market notes show turpentine at firm 44 percent with 391 sales and 443 shipments. receipts 196 and stock 22 764. Resin firm reports sales 1791 receipts 1192 shipments 336 and stock 82 170 with quotations for several grades and suppliers.
In New York on September 9, continued firmness was seen in copper markets with November delivery mostly spoken for. Electrolytic copper trades at 28 cents, December and after deliveries range from 28 to 27 cents. Iron futures remained unchanged.
ENGLISH MONEY LONDON SEPT 9 Bar silver 3244 per ounce Money 4% per cent Discount rates Short bills 5% 6% per cent three months 6% 5% per cent.
Wheat values surged over the past week with gains near 14 cents a bushel in some deliveries. Factors included railroad strike resolutions and unexpected Balkan progress, while government crop reports and market expectations influenced price swings across wheat, corn, and oats.
Kansas City prices show drops across grains with Wheat Futures easing to about 1.55 and Corn futures lower. No 1 red corn around 83 to 85 cents, No 2 yellow near 84 to 85 cents, oats mixed near 48 to 49 cents, and No 2 white around 48 to 48 1/2 cents per bushel.
Grain prices closed with wheat September at 1.51 and December at 1.50? trading. Case and other futures show varied values for September and December in today’s market report from Kansas City.
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