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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 25, 1917
Page
11
The Cotton Exchange reports early activity with a May notice day causing a price jump, then mixed reactions as weather and crop reports from New Orleans and New York influence trading. Prices closed steady to higher, with San Antonio at 18.45 cents.
The market opened steady in New York with May shorts covering, lifting May from 19.64 to about 19.9 as scattered notices appeared few. July and later held gains of 1 to 15 points while late months faced sales pressure from favorable South weather, with prices easing after midday then rallying on renewed covering. Weather Bureau report noted generally good progress across southern states.
New York reports cotton futures opening steady on April 25 with May at 19.70, July 19.50, and other contracts around 18.5 to 19.7. The session saw highs near 19.64 and lows near 18.42 before closing mixed, with final quotes near 19.58 to 19.74 for nearby months.
The New Orleans cotton market opened with about 1300 bales tied to May tenders. Short covering and renewed demand pushed prices up 10 to 18 points in early trading, then to 16 to 18 points before weather reports. by noon months were 8 points higher to 6 lower than yesterday’s close, spot prices rose 12 points, and by 1:30 the months held a 9 to 11 point gain with a steady close at 3 to 6 points up.
New Orleans cotton markets opened steady with May 19.00 and July 18.79 as initial bids. October 17.93, December 18.05, and January 18.18 followed. Futures closed Wednesday 3 to 5 points higher.
Cotton spot higher in Liverpool with good middling at 12.82, middling 12.70, low middling 12.52. Receipts 400 bales, ex 606 for speculation, 890 total on market. no further details provided.
Futures closed steady with Apr 12.25 and May-June 12.25 at Liverpool. July-August 12.07, Oct-Nov 11.57, Dec-Jan 11.47, Jan-Feb 11.45. New York coffee futures held steady with No. 7 Rio at 8.75 cents a pound for May and 8.05 for July.
Comprehensive list of wholesale prices to trade for fresh vegetables and fruits. Includes onions, potatoes, tomatoes, cranberries, peppers, beets, carrots, cabbage, lettuce, squash, beans, sweet potatoes, apples, pineapples, bananas, oranges, grapes, lemons, limes, dried fruits, coffee, rice, syrups, canned goods, meats, fish, nuts, and seeds with state sources like Texas and California and per unit weights.
Turpentine firm trading at 47 to 47 percent shows sales 71, receipts 268, shipments 248, stock 8911. Resin firm reports sales 3, receipts 667, shipments 993, stock 9. Quotations listed for various grades with prices ranging from 5.65 to 6.20 across A to W classifications.
In New Orleans on April 25 rough and clean rice stayed strong and in demand as quotations held steady. Receipts totaled 1228 rough sacks and 28 millers sacks, with 14137 clean pockets, while sales included Rough Blue Rose 660 sacks, Clean Honduras 450 pockets, Japan 850 pockets, and Blue Rose 1500 sacks.
In New York on April 25 hesitant bidding led to withdrawal of goods from offering and a restriction to stock goods. Carpet manufacture will be curtailed while cotton goods and yarns stay quiet with prices generally firm. Retail and robbing trades were quieter.
Chicago markets surged as wheat rallied to new highs due to tight U S supply and buying from shorts, with May and July deliveries leading gains. Oats and corn rallied amid weather and car shortage reports, while hog values fell and provisions firmed on broad demand.
In Chicago a market listing shows items including No 3 red and No 2 hard corn and No 2 yellow varieties with price points around 60 and 71 7 for oats, plus barley at 5.00 to 6.00.
Florida new potatoes have disappeared as Texas stock dominates shelves. Texas 60 pound hampers sell at 3.50 to 3.75 with onions easing to 2.50 to 2.75 per crate. Texas squash 59 cents per box, radishes 25 to 30 cents per dozen, California navel oranges 2.75 to 3.00 per box, limes 1.35 per small basket, and wheat shorts 2.50 per hundred. No wholesale changes in butter eggs poultry groceries provisions or grains.
Shippers list prices paid to retailers with egg and dairy figures from Texas creamery 32 5c and 32q 35¢ per pound. Poultry values shown, large hens 7.50 to 9.00, medium 6.00 to 7.00, small 5.50 to 6.76, large friers 6.00 to 7.00, medium 5.60 to 6.00, broilers 3.60 to 4.00. Goose prices per dozen 12.00 to 16.00 and other items noted in cents per pound.
The Northern hog market was weak with slow trading and generally lower prices. Cattle showed mixed results across Chicago, Kansas City, and Fort Worth, while sheep remained strong. Local yard hogs fell 35 to 59 cents. total receipts included 85 cattle, 120 calves, 125 horses, and 175 hogs, with dy trade figures listed.
Fort Worth market reports show cattle receipts around 3800 with steers 7.00 to 10.50, stockers 6.50 to 8.50, heifers 6.50 to 10.00, cows 5.50 to 8.60, bulls 5.50 to 8.50, calves 5.00 to 10.50. Hogs receipts about 4500 with bulk around 34.15 and top 15.15. Sheep receipts 2000 with lambs 14.00 to 16.00, yearlings 12.50 to 13.75.
Chicago Til day and cattle and sheep receipts showed hogs 29,000 slow versus yesterday average with bulk bids around 15.40 to 15.78 and several grades listed. Cattle receipts 12,000 firm with native beef 9.00 to 13.40, stockers 7.15 to 10.00, cows and heifers 6.70 to 11.00, calves 8.00 to 12.00. Sheep receipts 12,000 strong with weth es 10.70 to 13.00 and lambs 12.25 to 16.30.
Quotations for butter and eggs show declines with creamery butter at 35 39 cents. Receipts total 38 836 cases. Firsts mostly 29 30 cents, ordinary firsts 28 29 1/4 cents. Potatoes steady with 24 cars received. White potatoes from Washington Colorado Idaho at 3.00–3.10, Michigan Wisconsin at 2.85–? 2.00. Poultry alive prices higher with fowls around 23 1/2 cents.
Kansas City notes receipts for hogs cattle and sheep with price ranges. Hogs seen at 14.75 to 16.85 for large weights and 11.00 to 14.00 for pigs. Cattle directed by frame fed steers at 22.00 to 12.75 and cows 6.59 to 10.75. Sheep listings show lambs 12.50 to 16.15 and yearling 10.50 to 13.25 amid broad stocker prices.
Kansas City reports grain futures closing with Wheat May 2.60 and July 2.1444, September 1.884, Corn May 1.49 and July 1.43, September 1.32. Prices show varied across contracts.
Kansas City market update lists dairy creamery quotients at 45 cents for firsts 43 cents for seconds 42 cents for packing eggs firsts at 30 cents poultry hens 20 cents roosters 16 cents turkeys 24 cents and potatoes at 2 dollars 90 to 3 dollars per hundredweight.
Kansas City April 25 cash grain prices show No 2 hard wheat at 2.68 to 2.80 dollars and No 2 red at 2.70 to 2.82. Corn prices list No 2 mind at 1.52 to 1.52 and No 2 waste at 1.63 to 1.60 with additional white and other grade figures.
Wheat No 2 red 200 and No 2 hard signals. corn No 2 154 and white 163 nominal. Listings reflect early price indications with regional commodity notes from St Louis MO.
Galveston Texas reports 1 45 in cotton stats, Houston Texas 2 27, New Orleans 1 787, Savannah 354, Charleston 106, Norfolk 7 60, Boston 667. Stock yesterday 775, last week 1 101 4, block game day last year 328 619, deficit this season 251 509.
Local packing house quotations list dry salt and bacon extras with cents per pound. Prices cover dry salt bellies 14-16 pounds averaging 24¢, fancy breakfast bacon 3?, bacon bellies 14-16 pounds averaging 26¢, pure lace 23¢, compound 17¢, and American cheese per pound.
Receipts and quotations for hogs cattle and sheep in St Louis on April 25 show steady to lower demand for hogs with light and medium weights down. Cattle receipts about 2100 with ranges for native beef steers yearling stockers cows and prime varieties. Sheep and lamb prices indicate higher prospects with lambs and yearlings listed along with clipped varieties.
Raw sugar firms at 627 for centrifugal and 839 for molasses. Refined sugar steady to 5 points higher with cut leaf at 906 and crushed sugar 825. Cubes 825, XXXX powdered 770, powdered 765, fine granulated 750 800. Other grades unchanged.
New York April 25 All prior Steel records were broken in the first quarterly report for the year. Earnings hit 113 million dollars, exceeding many full year totals, with an extra 3 percent dividend on common stock in addition to the usual 1.5 percent quarterly on common and 1.5 percent on preferred.
OCR reads mixed numbers and city names including Memphis St Louis Houston and Saudi totals. The line combines multiple figures like 4 361 5 754 315 962 and 1 614 1 517 32 995 with unclear labels and a final 8 870 11 653 557 718.
In Washington on April 26 the Department of Agriculture announced a new record shipment of Texas onions. On the prior Thursday 179 cars were moved, surpassing last year’s best of 119 cars.
The Interstate Commerce Commission in Washington on April 5 laid out procedures for the 15 percent rail rate increases, permitting railroads to file supplemental tariffs. The tariffs will face protest, suspension, complaint, investigation and correction, and filing is preliminary to full consideration, not a final disposition.
The Interstate Commerce Commission rejected proposed freight rate increases on coal and coke from Colorado and New Mexico to Texas points, denying raises of 6 to 75 cents per ton. Original tariffs would have taken effect Sept 15, 1916, but were suspended to July 18, 1917. A one cent rise to Artesia Encinal and Taredo for the International & Great Northern was allowed after no shipper protest. suspension on rates generally remained vacated this time.
On April 25 United States Steel led midday gains with 15 000 shares trading at 112 1 2 after the extra dividend. Other industrials, oils and rails rose then cooled, then steels, oils and motors pushed prices higher into a strong closing, with Bethlehem Steel Crucible Utah Copper and Alcohol among top gainers.
New York reports mixed mercantile prices with 60 day bills around 472 and 471 percent, demand 476.60, cables 476 716, and currencies showing Sterling and Guilders with various quotes. Government bonds are steady while railroad bonds are irregular in tone.
In New York on April 25 a Time loans firm published rates for 60 and 90 day loans at 3 and 4 percent, six month at 44 percent, with cal money strong and reling rate 4. Last loan 2 percent closing bid 2 offered at 2 percent.
Bar silver quoted at 379 16d per ounce and money on deposit at 4 percent. Discount rates for short bills 4 1/2 percent, three months 4 3/4 percent. Currency and rates reflect a cautious trading session in London.
Lead not quoted. Spelter weak with East St. Louis delivery at 9 asked. Copper steady electrolytic spot and second quarter 29.00 to 30.00. later deliveries 24.00 to 30.00. Iron firm. Tin strong at 57.50 to 58.50.
London reports show lead at 30 pounds and 164 copper spot, with copper futures at 129 pounds 108, electrolytic at 142, tin spot at 225 pounds 15s and tin futures at 226. London notes April 35 as the date.
Observations recorded at 7 a m on Wednesday April 25 1917 by Allen Buels meteorologist for the Weather Bureau.
A general meeting of farm and industrial agents from six major railways serving Southwest Texas is set for Friday April 27 at 10:30 a.m. in the San Antonio Chamber of Commerce. Edwin Chamberlain chairs the effort to boost food and forage production and asks all road agents to attend.
Work completed Wednesday morning on issuing and addressing 20,000 envelopes containing the proposed city charter amendments. Ray Mackey directed the fast operation with a staff of clerks and 20,000 envelopes folded and inserted with a six page supplement. The amendments, finalized by council last Thursday, are to be submitted to voters and published in a general newspaper.
In Judge Lytle's courtroom on Wednesday morning the banks depositors and creditors rejected Commercial Loan & Trust Company's plan to liquidate the bank's property. They said the $2400 fee was excessive and that a time limit should be set.
A bootblack in a Rochester Times snippet jokes about cigars naming a brand. He says he smokes Rol inson Crusoe, then reveals the punchline that Crusoe is a castaway, prompting the amused gentleman. The Washington Star quote comments on a surgical joke about armament and heart.
Cotton region bulletin notes scattered showers in Northern Arkansas Florida and Carolinas with temperatures mostly above normal. Western Texas too dry but southern and eastern Texas see sufficient rainfall. growth slowed by cool nights while sugar cane pastures and winter grain improve overall despite late central and western districts. Allen Buell meteorologist.
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