Bulls Bureaus Report Expected 100 Fars Ahead
In a note from the bureaus, anticipation centers on a report 100 far in advance affecting market and sports coverage, while Liverpool faces a lower stance in provincial or coastal reporting.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 20, 1916
Page
11
In a note from the bureaus, anticipation centers on a report 100 far in advance affecting market and sports coverage, while Liverpool faces a lower stance in provincial or coastal reporting.
The Cotton Exchange news notes a mixed day as traders priced in the upcoming crop report. Prices fell in New York and New Orleans with declines of about 18 to 23 points, while Liverpool and other markets showed late support and a modest rally after the weekly bulletin. Buyers in San Antonio posted spot prices for good middling and strict good ordinary.
The New York cotton market opened steady after a 7 to 11 point decline as traders eyed Wall Street selling and cotton futures rose briefly. December and January contracts moved to higher levels before turning firmer, then slipped again on southern selling and heavy liquidation in the afternoon.
Cotton opened steady in New York with October at 15 9 0 cents and January, March and May futures quoted around 16 cents. The day saw quotes drift from open to close with gains on some contracts and totals rising as traders weighed demand and weather. A later exchange row mentions Katherine Blunderby noting her sister named four children Miriam Ruth David and Susannah after Biblical figures.
A note seeks the owner of a lost bunch of keys with a name on them and a phone contact. It lists Dan E. Cottingham at 7th F. A. Exchange Camp Cecil A. Lyon and provides a contact line for Travis at 6935. Also mentions a job seeker, a combination bookkeeper and mechanic, seeking a garage position at 489 Light.
Bananas remain scarce on Produce Row as supply lags demand after West Indies hurricanes. Dealers report rising prices near 8 to 9 cents per pound with ongoing shipments from California and steady demand for peaches peppers lettuce and tomatoes.
Buyers paid steady to firm prices for Texas country produce in San Antonio on Wednesday. Candled country eggs at 6 8 0 per dozen, creamery butter 28 to 30 cents, country butter 21 to 22 cents, packing stock 20 to 21 cents. Poultry values remained firm with hens 6.00 to 8.60 per dozen, large fowl 6.50 to 7.00, broilers 18 cents per pound, turkeys 18 cents per pound, ducks 5.00 to 6.00 per dozen, geese 6.00 to 8.00 per dozen.
Chicago market notes show butter prices advancing while creamery quotes linger around 29 to 32. Potatoes unsettled with 46 carloads reported. poultry and other commodities mostly unchanged.
In Kansas City on September 20, butter eggs and poultry remained unchanged while new potatoes stayed steady. Kaw Valley early Ohios quoted at 1.26 per bushel.
In New Orleans on September 20, steady buying followed an early 10 to 12 point drop as Liverpool cables were weak. Prices firmed by end of the first hour with active months up 2 to 3 points, then slipped again to 21 to 23 points under yesterday's levels. News of a steamer sinking with Americans aboard weighed on sentiment before a lull in activity.
New Orleans cotton market opens steady with October at 16.56 cents and December at 15.80 cents. Futures close barely steady with January 16.03, March 16.12, May 16.26, and final settlement around 15.67 to 15.82 cents.
Liverpool September 26 cotton spot shows steady prices with good middling around 9.65 pence per pound and low middling near 9.44 pence. Sales totaled 9,000 bales including 6,760 American. receipts 2,000 bales including 800 American.
Liverpool futures show mixed closes with nine month spreads from September at 9.43 to May at 9.51. New York coffee prices ease for No 7 Rio and September contracts around 8.94 to .79 cents. a man explains margin while a woman replies about losing money.
E d C Lassater owner of the Lasesater dairy and ranch at Falfurrias sends twenty eight head of registered Jersey cattle to the Southwest Dairy Association Show in Kansas City. It is the largest single entry and part of a national record 124 head entered. Lassater ranch claims to be world’s largest with 2400 Jerseys, 1000 registered and 800 milking, on 40000 acres producing 700 pounds of butter daily. The firm is incorporated for 1 million dollars and cited as a model of large scale dairying.
In New Orleans rough rice showed fair demand with clean stock in hand. Receipts totaled 11 600 rough sacks and 7564 millers plus 4236 clean. Sales included Rough Honduras 71 sacks and 3895 Japan. Prices quoted: Honduras 2.50 8.65, Japan 2.55 3.55, Blue Rose 3.35 3.65. Rice bran ranged 14.00 to 19.00.
New York reports firm and active cotton goods with yarns advancing and fine men's wear pricey while sales lag behind last year. Savannah notes turpentine and resin markets firm with varied prices and strong stocks and receipts for the period.
Meteorologist Allen Buell of the Weather Bureau provides remarks in the Cotton Region Bulletin series.
At Union Stock Yards for the week the cattle run totaled 963 with a steady, nearly unchanged market and strong demand for top quality cattle. Hogs were 10 to 15 cents lower in outside markets, with limited receipts. top hog prices around 10 dollars and 35 cents. Receipts today: cattle 963 calves 268 hogs 88 horses 75.
Wheat prices showed strength on news of Romanian military trouble and Russian estimates that the Dardanelles would not open this season. Traders also speculated foreign buyers may favor American wheat to head off possible future embargoes. Close steady to slightly lower with December at 1.49 to 1.50 and May around 1.50. Oats little changed. Provisions eased slightly with hogs down, while lard led a late broadening demand.
Chicago wheat and corn prices listed for No 2 red No 2 hard No 2 yellow and standard oats with rye values also shown The figures reflect the day’s closing rates in cents per bushel and dollars per bushel.
In St. Louis Rept. 20 wheat prices show gains with No 2 hard at about 1.55 to 1.66 dollars and No 2 white around 84 to 87 cents. Oats firm with No 2 at 45 cents and No 3 white at 47 cents.
Wheat climbs with No. 2 hard at 1.50 to 1.60 dollars per bushel and No. 2 red 1.55 to 1.60. Corn steady to higher, No. 2 at 34 cents per bushel, white 34 to 34.5, oats rise with No. 2 white around 47 cents and mixed 46 to 47.
Fort Worth reports cattle receipts around 6000 with steer prices 6.00 to 7.50, stockers 6.00 to 6.75, heifers 5.50 to 7.50, cows 4.00 to 6.00, bulls 4.00 to 5.00 and calves 4.50 to 9.25. Hog receipts 6000 with bulk 10.55 to 10.65 and top. Sheep receipts 790 with lambs 9.00 to 9.50, yearlings 5.00 to 8.50, wethers 6.50 to 7.25, ewes 4.00 to 5.00, goats 4.50.
Washington D C Sept 20 summary of weather and crop conditions for the week ending Sept 19. Weather generally favorable for picking and ginning cotton which progressed well in most portions of the belt. Some areas report clearing rain in Texas and Florida while Carolinas face cool weather hindering progress.
Mercantile paper 3 percent, Sterling 60 day 4.71, demand 4.75, cables 4.76. Frances demand 5.864, cables 6.854. Guilders demand 40, cables 41. Bar silver 86 1/2 cents per ounce. Mexican dollars 52 1/2. Government bonds steady, railroad bonds firm.
Kansas City grain futures closed with wheat at September 1.4714 dollars and December 1.46 % as corn moved to 82 cents for September and 72 cents for December.
Receipts and prices for hogs cattle and sheep in St Louis on September 20 show hogs at 7500 head with prices mainly 10.70 to 11.35 for various categories. Cattle receipts 9500 head with native beef steers and heifers 7.50 to 11.00, cows 6.50 to 8.00, stockers 5.30 to 8.00, Texas quarantine steers 5.50 to 8.00, prime southern steers 8.00 to 9.00, yearlings 7.50 to 9.00, calves 6.00 to 11.75. Sheep receipts 4500 head with lambs 7.00 to 10.85, slaughter ewes 6.00 to 7.25, yearlings 8.00 to 9.00. Market mostly steady to lower adjust slightly.
London on September 20 shows bar silver at 3244 per ounce and money market rates at 4 percent discount on short bills 514 five percent three months five percent five percent per cent.
Wednesday quotations show dealers offered pry salt extra 16 cents and bacon extras dry salt bellies averaging 14 to 16 pounds at 28 cents with 22 cent neg. Bacon bellies 14 to 16 pounds average priced at 20 cents. Pure lard 16 cents and compound lard 12 cents.
Receipts and quotations show hogs 12,000 head with market 10 cents lower. Bulk 10.50 to 11.00, heavy 10.50 to 10.85, packers and butchered 10.60 to 11.05, pigs 9.00 to 10.00. Cattle receipts 16,000 including 400 southerns, market steady to 10 lower. prime fed steers 9.75 to 11.00, dressed beef steers 7.50 to 9.50, southern steers 5.75 to 8.25, cows 4.75 to 7.25, heifers 6.00 to 10.00, stockers 6.00 to 8.25. Sheep receipts 12,000, market steady to weak. lambs 9.76 to 10.50, yearlings 7.50 to 8.50, wethers 7.00 to 7.75, ewes 6.75 to 7.36, stockers 5.50 to 10.35.
Marine intelligence from Galveston lists arrivals Coma and El Norte from New York and failures of El Sud El Oriente and Neches also from New York.
The New York market shows time loans at 50 days 34 percent and 90 days 31 percent with 3 percent points. six months at 3 to 4 percent. Call money ranges high to 3 percent, low 2 percent, ruling 2 percent, last loan 3 percent, closing bid 2 percent, offered at 3 percent.
Receipts: hogs 25 000, cattle 22 000, sheep 27 000. Hogs slow vs yesterday, varied by class with bulk 10.45 to 11.85, pigs 7.00 to 9.75. Cattle weak with native beef 6.50 to 11.20, western steers 6.00 to 9.25, cows 3.60 to 9.20, calves 8.75 to 13.25. Sheep wethers 6.75 to 8.50, lambs 6.75.
A partial table lists cotton receipts at several ports including Galveston Houston Texas City New Orleans Mobile Savannah Charleston Wilmington Norfolk and Boston with figures such as 2084 2609 5680 122 7068 2622 862 8008 and more.
In Cincinnati on September 20 the fourteenth annual convention of the American Institute of Banking begins. Delegates from across the country gather for opening sessions and statewide discussions in the host city.
Wall Street opened higher with gains in copper and nickel shares led by Anaconda and International Nickel. Prices drifted through the day as steel weakened. by afternoon selling intensified and Seabury posted a sharp drop, with a heavy close amid over a million shares traded.
Kansas City Missouri September 20 reports show cattle sale results with average weights and prices. Rattliff Pdue Oklahoma consigns 1019 pounds at 7.10 per hundredweight. 123 steers listed with average weight and price.
Receipts today show cattle 1500 head steady hogs 5200 head lower sheep 2500 head steady. Prices listed for various yards include Long Chickasha steers and Basil Apel price data, reflecting market activity and regional listings. Independence Kansas requests dismissal of Kansas Natural Gas receiver with stockholders regaining control, planning reorganization and gas line financing. Fort Sam Houston offers $15 reward per mule for two government mules missing from the reservation.
Tead at 96.906 cm and spelter easy. Spot East St. Louis delivery 94% 9c. Copper firm at 27.00 Electrolytic, 26.26. Iron steady. Tin firm at spot 829.09.
London market report lists lead at 30 pounds 16 shillings, copper 116 pounds 10 shillings, electrolytic zinc 136 pounds 10 shillings, tin 172 pounds 5 shillings with spot and futures quotes. In other news an inventor has a patent to mount a disk phonograph record in front of the eye mechanism.
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