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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 27, 1916
Page
9
A market report notes early declines driven by selling in Lower Liverpool and Hedge sectors. Bullish indicators fade as investors weigh shifting prices and demand, with traders watching remaining support levels and potential rebounds.
The cotton market opened lower on Sept 27 with Liverpool and hedge selling dragging prices. Bearish quick trades tempered by crop reports and a late day pullback, as New York and New Orleans showed modest losses before closing steadier. San Antonio buyers posted spot prices as trading remained subdued.
The New York cotton market opened down about 9 points on eased Liverpool cables and scattered southern selling. December dipped to 16.00, January to 16.08, before steadying on cover and bullish private notes, including reports Alabama crop condition worsening 15 to 20 percent. Trading remained quiet with prices sliding late toward 16.07 for December and 16.13 to 16.21 for January.
New York traders see steady starts in cotton futures with October at 16.75 and December through May near 16.12 to 16.28. An eleven o'clock call from Liverpool indicates slight price movements, listing 16.78 to 16.80 and other fluctuating bids.
New Orleans September 27 Poor cables in hedge selling set a generally easy tone in early trading. Prices fell 7 to 12 points in the first half hour while crop reports remained bullish but muted. After weather bureau weekly crop notes, the market steadied with active months about 2 to 3 points above yesterdays close, yet liquidation pressed values with futures about five to six points below yesterday's last quotes at 1:30 PM.
In New Orleans trading, December cotton futures show varied activity with bids around 16.02 to 16.08 for nearby months and nearby prices hovering near 16.80 to 16.96. The session notes include openings and closings, with December updates and January bids noted.
Liverpool cotton market shows price softness with demand cooling and futures closing near the prior levels. September to October and later spreads hover around 9.30 to 9.46, while spot quotations indicate steadier tone but firmer futures notched in New York.
Japanese persimmons grown within twenty miles of San Antonio were offered in the local market for the first time in quantities. Sold in bushel hampers for $2 each, the fruit came from Frank Olenik’s Adkins area farm. Olenik has twelve trees yielding ten to fifteen bushels per tree, but this year winds and rains shortened the crop. The move opens a potential for Olenik to expand. commission men see profitable growth with California methods. General trade on Commission Row was quiet with steady prices. Also reported, California figures show producing one dozen eggs costs producers about 21 cents for a unit of 1000 birds.
A long list of wholesale prices for fresh produce and related goods. Items include potatoes at $2.90 per cwt for Colorado, onions at $2.85 per cwt California yellow, tomatoes at $1.75 per lug, celery per dozen 85 cents, and numerous fruits such as apples at $1.50 from California and oranges Valencia box prices, with many other vegetables, canned goods, meats, and staples priced for trade. Strong entity mentions include California, Texas, Colorado, and several crop names.
OAK report notes raw sugar at 5.89 and 4.99 for molasses, with refined fine granulated sugar steady at 6.75. Market observers cite unchanged ante values as trading remains steady amid small shifts in commodity pricing.
Buyers paid prices for country produce in San Antonio on Wednesday with poultry firm and various items listed. Poultry values ranged from 17 to 18 cents per pound for turkeys, and hens and large f Ireland friers fetched up to 6.50 to 7.00 per dozen, while ducks and geese had notable per dozen and per pound figures.
Quotations across dairy eggs poultry and potatoes provided for Chicago and Kansas City. Butter creamery firsts to seconds range from 29 to 33e per unit, eggs receipts 7562 cases unchanged, poultry alive and at south values, potatoes with Kaw Valley prices around 1.10 to 1.15, hens and roosters priced modestly and roosters lower.
The Treasury Department extended the prohibition on cotton exports to cover the coming crop and retained the export tax for the Lagonе district and other parts of the republic. In Chicago quotations for today show Wheat No 2 red at 1.50 and corn No 2 yellow near stylesite, with oats standard frees and barley at 75c to 1.1.
Wheat prices stayed under pressure from a large world supply. Free selling and weak support followed as traders weighed Balkan events and uncertain Dar danelles timing. December and May futures showed a decline then a rally, with unsettled weather in Argentina adding to weakness later. Corn and oats were mixed, with corn choppy and oats steady as hogs’ lower prices dragged provisions.
In St Louis on September 27 quotations show No 2 red at 1.58 to 1.66, No 2 hard at 0.68, corn No 2 at 0.84 and 0.87 for No 2 white, oats No 2 at 0.46, with No 2 white listed as nominal.
Waco Tex Sept 27 Before adjournment at noon today the Texas Nurserymen's Association elected officers W B Muncon of Denison as president J M Thompson of Waco as vice president and John Kerr of Sherman as secretary treasurer The executive committee will select the 1917 meeting place.
Kansas City market report lists wheat and oats prices with bid and offer ranges. Quota one Wheat er and various grade classifications show No 2 red, No 1 white, No 2 yellow, and mixed grades with prices around 1.51 to 1.60 for wheat and 46 to 47 cents for oats per unit.
Cotton picking and ginning progressed rapidly under favorable weather with some regions facing weevil activity. Cool nights harmed eastern states while North Carolina crops lag two weeks. Oklahoma top crop light, Georgia poor. corn needs rain in several states. tobacco harvest nearly finished and rice progressing. sugar cane excellent but Louisiana damaged by borers. dryness slows ploughing and truck crops need rain.
Fragmentary text from Kansas City report mentions a 48 Const Sept. date and Bic’s. It is unclear and lacks full context or named persons or organizations to establish a clear event or outcome.
Wednesday quotations from the packing plant list dry salt extras at 16 cents bacon extras at 8 cents dry salt bellies 14 to 16 pounders at 18 and a quarter cents fancy breakfast bacon and fancy home cured bacon bellies 1 inch thickness average. Pure larditus priced at 13 cents per pound.
Houston Texas reports a week of clear days with warm days and cool nights aiding cotton picking, rice threshing, and corn gathering. Showers in the last two days improve fall planting conditions. North Texas lacks moisture. Cotton picking is well advanced with over half harvested, boll weevil remains active, and ranges, along with rice, sweet potatoes, and peanuts, yielding well.
Savannah report shows turpentine firm with 4324 sales 169 and shipments 2856 stock 23380. Resin firm posts sales 2148 receipts 2335 with shipments back 5438. Quotations list several company prices from A B to W G with varied cents and percentages.
New York exports from the port in August 1916 totaled 271,357,862 dollars, up from 141,971,554 in August 1915, per a customs house compilation. Imports entered for consumption without duty were 40,382,777 dollars, and dutiable imports were 31,333,495 dollars, compared with 45,086,777 free and 21,684,132 dutiable in the same month last year.
New Orleans market report shows rough rice steady and clean rice strong. Receipts tallies include rough 9714 sacks millers 6595 sacks and clean 138479 pockets with sales across Honduras Carolina Japan and Blue Rose lines. Prices noted for different grades and varieties with several price quotes and changes.
At Fort Worth, Kansas City, Chicago and St. Louis markets, live stock receipts hit a weekly high with brisk trading and steady tone. Cattle were mainly stockers with strong demand, cows reaching 5.75, hogs up to 10.26, but porkers slightly under yesterday’s outside markets. receipts totaled cattle 1700, calves 250, hogs 200.
Fort Worth Texas cattle receipts reached 5500 with many declines. Steers and stockers showed weakness with round numbers around 5.60 to 6.50 per hundredweight. Calves traded around 4.50 to 5.50, yearlings near 8.00, and mutton prices ranged from 6.60 to 7.00 for ewes with culls down to 4.25.
Chicago markets show hog receipts at slow pace with prices near yesterday. Bulk sales range around 10.80 to 11.05 for cash, while heavy weights fetch 9.76 to 10.98. Cattle and lamb figures are unsettled with various grades cited, including western, stockers and feeders, and lambs at about 6.76 to 10.
Kansas City market report shows hogs receipts 11 000 and cattle and sheep totals. Hogs mostly lower by 6 to 10 cents with various classes pricing from 8 75 to 10 60. Cattle receipts 11 000 including 400 southern, with primes 9 50 to 10 75 and cows to 7 26. Sheep receipts 22 000 with lambs 9 65 to 10 25 and yearlings 7 50 to 7 60.
In St Louis on September 27, hogs receipts 9500 with prices from 10.40 to 10.90 for various classes, cattle receipts 6500 with native beef steers 7.50 to 11.00, vealers and cows ranges listed, sheep receipts 3200 with lamb and ewe prices noted.
Oklahoma City receipts show cattle 1700 steady. hogs 5300. sheep 300. prices listed with several lots and values. Across New York markets cotton goods firm and higher with half cent advances in yarns and fabrics. gray goods active for spot delivery. men’s wear steady. silks active. robber activity noted.
A would be recruit presented for examination claiming a trick to “work his ticket.” Physically fit but sight poor. The doctor offered spectacles as a joke, then declared him fit after the test, sending him to be sworn in, noting the glasses were not real.
New York September 27 Investment shares dominated early active operations with substantial gains in rails. Union Pacific Southern Pacific Pennsylvania Reading and New York Central advanced while Copper United States Steel Republic Steel and General Electric rose sharply. Texas Company showed heaviness. Overall activity remained high with 1,000,000 shares traded before 1 pm and rails driving the move.
In Flushing the Belgian King Albert is said to be aging under sorrow, his hair turning gray as he stays in the narrow Belgian front zone. He visits trenches and posts near the Yser, sharing the monotony with his troops, while Queen Elizabeth tends wounded men at Ocean Hospital and offers encouragement to soldiers.
New year figures show Sept 2 27 mercantile prices. Sterling bills at 4.71 percent, Peres 4.75 11-16. Cables 4,767-16. France demand and cables, Guilders, 404, cables 13-16. Bar silver 69 percent, Mexican dollars 58 percent. Government bonds steady, railroad bonds strong.
London reports bar silver at 213 164 per ounce with money at 4 percent. Discount rates stand at 54 percent for short term and 5 percent for three months.
Time loans remain steady with 60 days at 83 3 percent, 90 days at 83 percent, and six months at 3 percent. Call money holds firm with high 2 percent, low 2 percent, renewal 2 percent, last loan 2 percent, closing bid 2 percent, and offered at 2 percent.
Lead 7.00 7.19. Spelter steady with East St Louis delivery. Copper firm electrolytic 27.00 28.60. Iron steady unchanged. Tin steady at 38.62 39.00.
London market quotation lists lead at 31 pounds sterling, 108. spot copper at 116 pounds, futures 118. electro lytic 139. tin at 178 spot, 173 futures. 5s. fragmentary rates reported for Sept 27.
The Nestorian stone, found in 1625 by workers, has drawn western scholars. Initial forgery claims gave way to evidence supporting its authenticity and a genuine account of China’s early Christian mission. The three Chinese columns and Syriac paragraphs recount doctrinal exposition, with China’s antiquarians venerating it though its meaning remains elusive.
The Weather Bureau reports that wind speeds under ten miles per hour and precipitation totals under .01 inch are not published here. This meteorological note clarifies publication thresholds and underscores data handling by the Weather Bureau.
The piece muses on a possible warmer New York under gulf stream shifts with playful if improbable images of tropical orchards and alligators. It pivots to a Victorian anecdote: Ohio Governor Vance invites complaints from prisoners, pardoning one man who feared contagion from others if released.
A steamer from the New Hebrides reports six murdered and mutilated bodies found near the northeastern Australian coast. Victims include a British trader, R. J. Bridges, and five children. A child is missing, believed carried off. Perpetrators said to be Malekula people practicing cannibal rites to keep rank. Punitive expeditions prior to the war failed to punish attackers, emboldening later acts.
Two prominent Japanese figures Yosaburo Takekoshi and Masutaro Takagi refuse decorations from the emperor citing constitutional duty to the people. They argue accepting honors would resemble a bribe and oppose the Diet’s oversight. A government official says no Japanese can decline honors granted by the emperor.
Grace expresses worry about her forthcoming wedding. She cannot decide where to go on her bridal tour or when the marriage will take place. Some details remain unsettled while others are already arranged.
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