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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 17, 1917
Page
13
The cotton market remained quiet with moderate fluctuations and a close near yesterday. Poor cables and favorable crop weather weighed bearish, while cheaper ocean freight offered export hopes. New York closed steady, 9 points lower to 1 higher. New Orleans steady, unchanged to 5 points lower. San Antonio spots at 18.95.
The New York cotton market opened steady with declines of 8 to 15 points but soon rallied as July and October contracts advanced. Traders cited favorable weather, easing ocean freight fears, and increased new crop buying as supporting factors, with late day trading showing modest gains.
New York notes show March to January contracts in the high teens and low twenties, with prices around 16 to 19 cents. Futures closed Tuesday with a net move of down to up by about 9 points, reflecting narrow volatility and unsettled sentiment in the market.
New Orleans April 17 cotton fell 11 to 19 points in the first half hour on selling spurred by poor cad es weather signals in the east and rain in the west. Prices later held a steadier tone with noon declines of 17 to 19 points and by 1 30 pm the losing range narrowed to 9 to 14 points as trading months steadied.
Futures closed Tuesday unchanged to five points lower as readings showed varied demand. Opening bids for May and July contracts appeared, while October December and January postings ranged around mid teens to low twenties in the report.
April 17 spot cotton reports Good middling 12.824 middling 12.724 low middling 12.640 with 7000 bales on Galen and 9000 for speculation ends. The market shows volatility as traders adjust bids and points amid supply notes.
Futures quiet and steady with quotes for April 12.344 and May-June 12.26d. July-August 12.12d and later terms. The report notes Liverpool is due to open Wednesday from 2 to 6 points up.
Cotton statistics show totals for U S ports including Savannah Charleston Wilmington Norfolk Philadelphia and Pacific ports as part of a broader trade report. The document lists stock levels and port figures, indicating comparative volumes across major Atlantic and Gulf destinations.
Observations at 7 a m on Tuesday April 17 1917 from the Weather Bureau note light winds under 10 mph and precipitation under .01 inch not published. Meteorologist Allen Buell signs the bulletin with a humorous aside about a Boston Transcript cartoon caption.
Union Stock Yards dispatch notes continued weakness in the north with hogs down 15 to 25 cents at Fort Worth while remaining steady at St. Louis. Cattle are slow and weak, sheep steady, and the local city trade remains strong with receipts totaling 263 cattle and 499 hogs among others.
Fort Worth Texas April 17 cattle receipts 4200 steady to higher steer prices 7.00 to 7.50 stockers 6.00 to 8.00 heifers 6.50 to 10.50 cows 5.50 to 11.25 calves 5.50 to 11.25 hogs receipts 4500 15 to 25 cents lower best 15.00 to 15.60 sheep receipts 2000 steady lambs 14.00 to 16.00 yearlings 12.50 to 13.75 wethers 10.00 to 12.50 ewes 9.00 to 10.50 culls 7.00 to 8.00 goats 5.50 to 8.00
Chicago on April 17 reports large receipts and weak demand across hogs cattle and sheep. Hogs quoted bulk 15.75 to 16.15 mix 15.40 to 16.20 heavy 15.50 to 16.20 pigs 11.25 to 14.30. Native cattle prices range 9.25 to 13.25 for beef, stockers 7.25 to 9.90, cows and heifers 5.70 to 11.00, calves 9.00 to 13.25. Sheep see wethers 10.65 to 12.90 and lambs 12.10 to 15.90.
Receipts totalled 15 000 hogs with a market decline. bulk 15.60 to 16.00, heavy 15.95 to 16.19, packers 15.80 to 16.05, light 15.20 to 15.80, pigs 12.00 to 14.75. Cattle receipts 10 000 with a steady to weak market. prime fed steers 12.25 to 13.00, dressed beef steers 9.50 to 12.00, southern steers 8.50 to 11.50, cows 6.50 to 10.75, heifers 9.09 to 11.75, stockers 7.75 to 11.00. Sheep receipts 5 000, market steady to ten cents lower. lambs 12.25 to 15.50, yearlings 13.00 to 14.25, wethers 12.00 to 13.25, ewes 11.00 to 13.00.
Receipts and prices for Hogs Cattle and Sheep in St Louis on April 17 show hogs at 12,600 head with a steady market and various hog classes priced from 10.75 to 16.30. Cattle receipts 5500 with mixed price ranges from 4.25 to 11.60 for beef and aged categories. Sheep receipts 1009 with lambs 13.09 to 16.00 and ewes 9.56 to 12.25, yearlings 12.75 to 14.25.
At the Shreveport rate case rehearing in Dallas on April 17, Gentry Waldo of the G H S A railroad discussed a possible 15 per cent cattle rate increase before Examiner Thurrell. He noted lower costs per ton mile east of Houston to Fort Worth than west of Houston and San Antonio, and cited rising East Texas cattle production from timber land cutting.
The bulletin reports 24 hour weather ending 8 a m with temperatures and rainfall across Houston district. Central Louisiana saw a few showers. eastern areas clear to partly cloudy. western cotton region mostly clear with rising temperatures above normal. Meteorologist Weather Bureau.
Local markets report mixed shifts in fresh produce with Texas onions and carrots down, California lettuce easing, strawberries and strawberries crates up or stable, and a rise in flour to 12.90 a barrel. No changes reported in eggs butter poultry seeds grains provisions or hides.
Local packing house quotes Tuesday cover dry salt extras at 22 percent, bacon extras at 4 percent, dry salt belly 14 to 16 pounds average at 24 1/2 cents, fancy breakfast bacon 38 cents, fancy hams 27 cents, bacon bellies 14 to 16 pounds average 26 cents, pure lard 22 cents, compound 17 percent grease, American cheese 29 cents per pound.
Shippers market shows jobbers' prices to retailers or paid shippers with commissions. Butter and country creamery gains noted. poultry prices hold steady with hens ranging from 5.50 to 9.00 per unit and fliers and broilers around 6.00 to 7.00. Goose prices quoted 12.00 to 15.00 per dozen.
Quotations today show butter and creamery prices up with receipts at 46 576 cases. Firsts and seconds range around 34 to 35 cents, potatoes unchanged with 34 cars received from multiple states, white potatoes selling at 3.00 to 3.15, Michigan and Wisconsin at 2.75 to 2.90. Poultry alive markets are lower with fowls at 22 cents and springs at 2 cents.
A dense catalog of wholesale prices for dried fruits, sugars, coffee, rice, syrups, honey, molasses, and California canned goods. Items include seeded raisins, prunes, apricots, dates, sugar and coffee grades, rice weights, sorghum, corn syrup, honey, garlic, chili pepper, canned fruits and vegetables, meats, salmon, sardines, and a large set of per case or per pound rates.
New York stocks opened under pressure with declines in copper Mexican Petroleum Central Leather American Locomotive Industrial Alcohol and Studebaker. Rails were mixed with Reading and Union Pacific up. Marine preferred jumped and Ohio Gas led speculative gains. Steel and rails stayed firm while Motors weakened late as Marine and Industrial Alcohol drove volatility. The day closed irregularly.
Trading in Mexican money in San Antonio Tuesday showed quotes for half pesos at 50 61, state bank notes at 14, national bank notes around 26, Bank of London and Mexico at 10 12, and Carranza money in s. terms.
Chicago April 17. News of Canadian wheat duty removal and proposed foodstuffs measures triggered a sharp opening drop across grain futures led by May wheat which tumbled to 2.34 as July slipped toward 1.91. Submarine war news deepened weakness while corn and oats fluctuated and pork futures fell by 1.47 for May delivery.
Quotations today show No 2 red and No 2 hard wheat, No 2 yellow corn at 1.46 to 1.49, oats standard at 68 to 70 cents, and barley priced between 1.20 and 1.50. The report dates to Chicago on April 17.
Grain futures in Kansas City closed with Wheat May at 2.97, July 1.89, September 1.644. Corn May 1.41, July 1.54, September 1.224 to 1.25. Prices show modest gains across each contract.
Quotations today list wheat No 2 hard at 2.552.64 and No 2 red around 2.53 to 2.60, corn No 2 mixed 1.46 to 1.47 and No 2 white 1.49 to 1.50, oats No 2 white around 0.34 to 0.39 and No 2 mixed about 0.31 to 0.72.
Quotations today list wheat at No 2 red and No 2 hard without changes. Corn prices show No 2 at 1.60 and No 2 white at 1.57. Oats No 2 at 1.71 2c and No 2 white nominal.
Portland report says 100 car loads of wheat will be sent daily from the Pacific Northwest to the Atlantic seaboard for export to Europe for at least two months. Railroads arranged to supply cars at government request and ensure quick service. An estimated fifteen million bushels remain in the region.
Emil Sauer former United States consul at Cologne Germany is in San Antonio registered at the Gunter Hotel. His home is Fredericksburg where he served as superintendent of schools from 1905 to 1907. The post was abolished with the severing of diplomatic ties with Germany.
New York reported a Time loans firm listing 60 day loans at 3 percent for 60 days 3 percent 4 percent for 90 days 34 4 percent for six months 4 4 with call money easier. High at 2 percent low 21 percent ruling rate 2 percent last loan 24 closing bid 2 percent offered at 2 percent.
New Orleans reports rough and clean rice in strong demand on Monday with receipts of 2,284 rough sacks 2,083 millers and 6,655 pockets clean. Sales include Rough Honduras Japan and Blue Rose with prices in pounds and dollars and per ton polish and bran values listed.
New York reports include 60 day commercial bills at 472 and 4714, demand 4754, cables 476, and builders demand 41 with cables 414. Silver and Mexican dollars show 734 and 56 percent respectively. government bonds and railroad bonds are described as weak and heavy.
London financial brief notes bar silver at 36 9 16 pence per ounce and money rate at 4 percent with discount rates for short bills at 4 1/4 percent and three months at 4 1/2 percent.
Secretary Houston urges farmers in North Dakota Minnesota South Dakota Washington Montana and Idaho to plant more wheat immediately to address a serious shortage caused by the unpromising winter crop.
Recruits pour into Fort Sam Houston from across the Southern Department forcing Major General Pershing to order a large new recruit camp. The old Thirty seventh Infantry camp will host examinations as a 110 by 26 foot hospital nears completion to handle up to 500 men daily. Col M W Ireland reports base hospital facilities are inadequate and the new setup is badly needed. More than 100 recruits were examined Tuesday morning at the base hospital.
Metal markets report from New York on April 17 shows Ledad firm at 9 1/2 to 9 3/4 cents, spelter easy with East St. Louis spot at 9 1/2 cents, copper quiet with electrolytic spot and second quarter at 30.00 to 32.00, third quarter 28.00 to 30.00, iron steady, tin steady at 55.00.
New York sugar prices reported for April 17 show raw grades firm at 6.52 for centrifugal and 85.64 for molasses while refined fine granulated lists at 7.50. Cotton seed quotations for the day were published but cut off in the fragment.
London report lists lead at 30 10s per ton with £55, copper at £135, futures £134 108, electrolytide £147, Spottin 4217 lbs with futures £218. Details appear as price quotes and commodity figures from the London market desk.
Turpentine firm 46 sales 296 receipts 141 shipments 110 stock 452 resin firm sales 241 receipts 554 shipments 1263 stock 45291 wetporations A B C D prices range 3.60 to 5.70 with various bids and grades noted for different lots.
Andrew Bonar Law tells the House of Commons that the war effort is at its largest operation yet and achieving unexpected success as the second reading of the bill to prolong Parliament to November proceeds. The Irish Nationalist Party meetings vows opposition to the extension.
New York markets were quieter with prices steady. A western jobber offered large quantities of domestics below primary center levels. An auction at the gate plans 105600 bales of carpets and rugs starting April 23. Raw silk rose while traders fear possible tax proposals raising revenue.
New York reports coffee futures with May at 822 and July at 835. Findlay Ohio notes a five cent oil price hike with Lima to Indiana and Wooster quotations ranging from 1.78 to 2.10 dollars.
Commissioner Lambert discovers two rare water lily specimens in a slough at Mitchell's Lake. Bulbs worth about $10 each will be planted in the lily pond at Rock Quarry Park, which is near completion. He notes these lilies match varieties listed in catalogs and suggests migratory birds may have transported them from Central or South America.
Prominent musicians from across the country gather in Birmingham for the tenth biennial convention of the musical clubs of America. The event draws twenty two state presidents and over 3000 delegates to the gathering. Industrial alcohol is being produced from waste from two Swedish wood pulp mills using the sulphite process.
An entertainment event at St Patrick's Hall was postponed to April 25. A 13 year old boy, Len Wittenberg, residing 1323 North Flores Street, was hit by a car at West Commerce and Soledad Streets Monday night and taken to Santa Rosa Hospital with minor injuries. The driver, Fred Schutte, 21, of 214 Iowa Street, was arrested for careless driving.
April 17 Austin Texas Governor Ferguson soon to name personnel for the new Texas National Guard infantry regiment. Many applicants vie for colonel and other officer posts as commissions pour into the governor and adjutant general. Poster encourages continued service.
By order of the Texas Department of Insurance and Banking the Swiss National Insurance Company Limited Basle Switzerland is certified to do business in Texas through February 28 1918. The certificate of authority is issued by Commissioner Chas O Austen and Attorney Leon Dargan Dallas Texas.
Seed varieties listed include Red Top Cane Seed Orange and Amber White Wonder Seed Corn Yellow Dent Sadan Grass Milo Maize Raffle Corns Peter ite with any quantity from M Marucheau Grain Co Antonio Texas.
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