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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 28, 1917
Page
7
Quotations from spot cotton markets show middling prices delivered at market, with San Antonio 19.25 cents, Houston 19.90, Galveston 19.90, New York 20.65, New Orleans 19.57, and varying sales volumes noted. The data serves as a basis for country buyers and sellers.
The cotton market opened lower on reports of good Texas rains but soon recovered on expectations of much colder weather. New York and New Orleans posted large net gains. New York closed irregular 20 to 86 points higher. New Orleans 19 to 36 points higher. San Antonio spots at 19.25.
Reports of good rains in the southwest sparked an opening decline with July near 19.86 and October 18.85. Soon buying by shorts and demand for new crop deliveries pushed July to about 20.36 and October near 19.33 as buyers covered. Rain fears of cold Texas temperatures and more rain in the eastern belt offset drought relief and steadied the market after a sharp New Orleans advance.
New York bids show May at 20.15 July 19.92 October 18.85 December 15.91 as steady opens. Futures closed Saturday up 20 to 36 points with modest high and low ranges and mixed late- session figures.
In New Orleans on April 28, rains in Texas dampened early cotton trade with 4 to 7 point declines, then improved prospects of colder belt weather spurred gains. By mid-morning active months rose 16 to 27 points, spot demand topped eight thousand bales with a $1 rise, and late trading pushed active months 24 to 34 points above yesterday's quotes.
In New Orleans on April 28 cotton opened steady with May at 19.29, July 19.10, October 18.35 asked, December 18.42, January 18.60. Futures closed Saturday 19 to 36 points higher.
Liverpool aims to open Monday with a 30 to 38 point lead in a developing story of a rising advantage. The update tracks the standings and the team’s momentum toward a decisive early-week milestone.
The report notes stock levels for yesterday and compares with last week and the same day last year. It records figures 1 093 273 for yesterday, 1 258 051 for last year, and season totals of 228 627 with other unreadable annotations.
In New York on April 28 a firmer copper tone followed government plans to pay 25 cents a pound for 160,900,000 pounds. No buy volume rise yet but more inquiries and rising holder confidence. Spot and nearby electralytic quoted 39 to 41 cents, larger dealers asking 26 to 28 for Q3, with August and September around 25 cents. iron unchanged.
The Southern Pacific runs a special train to Victoria on May 3 starting at midnight. Round trip fare is 4.55 dollars with berth options at 1.50 dollars. Adv.
290 acre fine farm land for sale eight miles to Post City. Part cultivated beside Bragos and Yellowstone creeks. Trade offered for San Antonio income property. Address Piggot Carrigge Shop.
A dense catalog of wholesale prices for fresh vegetables and fruits to traders, listing potatoes onions tomatoes cranberries peppers beets carrots cabbage radishes asparagus celery turnips lettuce squash beans sweet potatoes and more from Texas California and Florida. It also covers dried fruits nuts canned goods meats and miscellaneous items with per unit prices and pack sizes.
Raw sugar prices quoted with molasses at 5.33 and centrifugal at 26.21 per hundredweight. Market outlook described as steady. Fine granulated sugar listed at 7.59 with limited detail.
New York reports general market for cotton goods quiet on Friday while government demand stays very active and firm. Yarns remain steady and wool markets show strong firmness. Carpet auction distribution continues at fair prices.
New Orleans reports strong demand for rough and clean rice on Friday with receipts of 184 sacks rough and 4213 pockets clean. Sales show Clean Honduras 1195 pockets and Blue Rose 1300 pockets with quotes for Clean Blue Rose 6% to 7 1/2 cents and etherg unchanged.
Advertisement notes a Seguin excursion on May 10 with a 1.00 round trip fare. A special Southern Pacific train leaves at 9:30 a.m. and is promoted as an advance notice.
Chicago reports a volatile day in wheat with sharp early gains fueled by Washington and London notes on needed food supplies for Allies. May and July prices rose, then weakened late as Winnipeg’s government sale hints sparked a price break. oats and provisions also moved.
Chicago April 28 quotations show No 2 red and No 2 hard normal wheat with prices to be noted. Corn No 2 yellow traded around 1.59 to 1.62 per bushel, oats standard at 72 to 74 cents, barley 1.25 to 1.82 per bushel.
Quotations for wheat and corn and oats from Kansas City on April 28 show No 2 hard wheat at 3.00 to 3.15 dollars, No 2 red at 3.06 to 3.15, No 2 mixed corn 1.55 to 1.91, No 2 white corn 1.68 to 1.72, No 2 yellow 1.55, and No 2 white oats at 77 to 78 cents.
Kansas City reports grain futures closing with May wheat at 2.79, July 2.24, September 1.89, May corn 1.50, July 1.45, September 1.34 per bushel.
Quotations from St Louis on April 28 show No 2 red cash wheat at 2 dollars 95 cents No 2 hard 2.95 and No 2 nominal 1 61 66 for white oats No 2 nominal figures also noted for oats.
Judge Garwood lambasted Pelton statistician for Texas Cattle Raisers Association as figures he submitted were incomplete and erroneous. Judge Cowan sought to withdraw the evidence but was blocked to preserve cross examination. Garwood called the data a mess and said such compilations hinder rate reviews. The hearing aimed to finish cattle rates and move to other commodities.
A nervous guest carries a fire escape rope on holiday trips. The hotel proprietor notices the rope and jokes that guests with fire escapes pay in advance. The exchange ends with a wary, humorous caution about safety and payment.
The wholesale price of flour increased 60 cents to 14.60 per barrel while Texas round green beans fell to 2.50 per bushel. Mexican bayos, blackeye peas, and garbanzo beans rose in California markets with other provisions also advancing. No changes occurred in fresh fruits eggs butter poultry grains or seeds.
Shippers' market notes indicate steady egg prices with Texas country candle eggs at 816 and creamery butter at 329 36¢ per pound. Poultry shows varied yardage with mens at 7.50 to 9.00, hens 5.50 to 6.76, friers 7.00 to 8.00, broilers 3.60 to 4.00, and turkeys at 20 to 21 per pound. Goose prices range 12.00 to 16.00 per dozen for geese.
Kansas City price notes report creamery butter at 41c firsts 39c seconds 38c packing 0c eggs firsts 31 1/2c poultry hens 0c roosters 16c turkeys 14c potatoes 2.85 to 2.95 per bag or sack.
Chicago market summary shows butter prices higher with receipts 6851 tubs and creamery extras 38c, firsts around 37 to 38c, and cases 34,520 with various firsts and ordinary grades. Potato prices fall with receipts 24 cars of Idaho Colorado Washington and Oregon whites and milk and other regional white prices listed. Poultry alive markets lower with fowls around two based figures.
Local packing house quotes for Saturday deals include dry salt bacon with 25 percent extras and 14 to 16 pound bellies at 14 16 cents, fancy breakfast bacon at 38 8 cents, fancy hams at 28 cents, bacon bellies 14 to 16 pounds at 27 cents, pure tard 28 44 cents and compound 18 cents, American cheese at 29 cents per pound.
Chicago market quotes for pork open high low and close for May and July contracts. Lard ribs and rep meat prices listed with figures for May July and September contracts, including daily and closing prices.
Clearing house banks and trust companies in Greater New York show total excess reserves of 111 million 642 thousand 220 dollars, down 9 million 256 thousand 980 dollars from last week. Figures cover loans deposits specie and cash in vaults across banks and trust firms.
Onion growers across Webb County plan a boycott on box car shipments and will load only in ventilators or refrigerator cars. The move follows telegram reports that box car shipments bring lower prices, with expected price rises as growers store onions for higher markets. George Derby chairs the local committee and says growers will prevent market demoralization from heavy selling or erratic quotes. Representatives from Asherton Carrizo Springs and Crystal City are to join the effort.
The Union Stock Yards report shows the northern livestock market nearly steady for cattle hogs and sheep with hogs stronger on light lots and 6 to 10 cents lower on other grades at St Louis Prices for San Antonio fat cattle remain under pressure from plentiful receipts but should strengthen next week with anticipated lighter arrivals Cattle and hogs traded in San Antonio with 317 cattle 199 calves and 45 hogs received for the city trade including 115 cattle 10 calves and 46 hogs
Fort Worth Texas April 28 cattle receipts about 2100 steady with steers 6.50 to 10.50 stockers 6.50 to 9.00 heifers 6.50 to 10.00 cows 5.50 to 8.60 bulls 6.50 to 8.50 calves 5.50 to 10.50 hog receipts 1200 steady bulk 14.60 to 15.00 top 15.20 sheep receipts 25 steady lambs 14.00 to 16.00 yearlings 12.50 to 13.75 wethers 10.50 to 12.50 ewes 9.50 to 10.50 culls 7.60 to 8.50 goats 6.50 to 8.50
Receipts and quotations show hogs at 10,000 with a steady market and mixed ranges. cattle receipts at 1000 with native beef cattle from 9.00 to 13.40 and cows from 5.79 to 11.20. sheep receipts 1000 with wethers at 10.36 to 13.25 and lambs at 12.50 to 196.90. Prices reflect standard commodity trading in Chicago.
Kansas City on April 28 reports hog receipts 600 with steady market prices for all hog categories, bulk 15.05 to 15.85, heavy 15.70 to 15.90, lights 14.90 to 15.50, pigs 12.00 to 14.00. Cattle receipts 200 with 109 Southern stock. prime fed steers 12.00 to 12.75, dressed 9.25 to 12.00, southern steers 7.50 to 11.00, cows 6.50 to 10.50, heifers 8.00 to 11.25, stockers 7.50 to 10.60, calves 7.50 to 13.00. Sheep receipts none. lambs 12.75 to 16.60, yearlings 13.50 to 14.75, wethers 11.60 to 14.00, ewes 10.50 to 13.50, stockers 7.00 to 14.25.
Receipts and quotations listed for hogs cattle and sheep in St Louis on April 28. Hogs ranged light to heavy with prices from 10.75 to 15.90. cattle receipts 180 with natives and Texas stockers priced from 5.50 to 13.00. sheep receipts none and market nominally steady.
Savannah reports mixed firm quotations with several price points and figures for turpentine and resin products. Notable values include 5.80 to 6.30 dollars per unit across grades A through W and varied shipment and stock figures.
A weather bulletin from the United States Department of Agriculture Bureau notes Allen Buell as meteorologist. The bulletin provides official weather information and forecasts for the region as issued by the Weather Bureau.
New York April 28 The week end session opened with minor charges on limited offerings. Early quotes mostly lower except metals and shipping, with Utah Copper and Atlantic Gulf West Indies among few strong issues. General Motors and Studebaker led declines along with Central Leather and Texas Company. Trading weakened after a brief rally, closing with a heavy tone and about 275000 shares traded.
Trading in Mexican money in San Antonio Saturday showed active quotations. Market participants noted fluctuating rates across currencies with buyers and sellers testing levels while nearby reserves and trade activity influenced short term movement.
London reports Bar silver at 37 percent per ounce and money at 4 percent. Discount rates for short bills run 4.4 percent, for three months 13 to 16 percent.
Mercantile paper 44.4 percent. Sterling 60 day bills 4.72. commercial 60 day bills 4.72. 60 day bills on banks 4.7119. demand 4.75 percent. cables 4.76716. Guilders demand 41. cables 41 1/2. Bar silver 74 cents. Mexican dollars 57 1/2 cents. Government bonds steady. railroad bonds easier.
Moderate rains fell across Arkansas eastern and central Oklahoma and east Texas with heavier spots in western Arkansas south central Oklahoma and the northern third of east Texas. Unseasonably cool in western Oklahoma and very warm in Tennessee Alabama Georgia and South Carolina. Meteorologist Weather Bureau. $1.00 round trip. Special train leaves.
Gainesville Texas awoke to a storm wrecking $80,000 in damage. A 55,000 barrel oil tank at Producers refinery exploded by lightning and spilled burning oil, destroying a Santa Fe railroad bridge and menacing a water reservoir that could flood Pecan Creek. Warning whistles sounded through the night.
McKinney Texas reports last nights rain measured 2.07 inches. The heavy precipitation greatly benefited all growing crops and moisture levels.
An official statement reports a submarine successfully bombarded the harbor works near Gouaria west of Algiers. The attack targets transports and aims to disrupt Allied logistics in the area.
Sherman Texas April 28 William Plexco a young farmer living near Saddler was found dead this morning after being struck by lightning last night near his home.
Friends of John L. Darrouzet, a Galveston lawyer known as the Black Eagle of the Gulf, urge him to enter the Texas lieutenant governor race. He is in Austin observing the Legislature and will decide soon.
Boston April 28 Bela L. Pratt the sculptor is seriously ill at his Jamaica Plain home. Family says overwork has impaired his health.
The Post D regular meeting is set for 10 am Sunday at the Gunter Hotel. The monument unveiling for the late Homer T. Wilson will occur Sunday May 6 with expected large member turnout.
A quirky dialogue describes feeding an elephant with soup and making cautious plans. The speaker jokes about the animal's reaction and warns to proceed slowly to avoid being squirted.
Madrid reports Premier Prieto confirming a German submarine attack on the Spanish steamer Triana. The sub commander allegedly fired, then boarded to apologize, claiming a blank shot preceded the strike. Triana, 745 tons, was moving slowly with Spanish colors flying as the shell hit.
Former Texas state senator W J Bryan recalls 1879 when vast grazing lands stretched from Galveston to Fort Dodge with no barbed wire. He notes ranches grew fenced, cattle numbers declined, and cattle prices rose. He expects war may reduce beef demand and praises packers for aiding price control.
In playful science fiction style a speaker asserts Saturn has eight suns and jokes that this implies an early spring. The exchange blends whimsy with astronomical imagination.
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