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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 03, 1918
Page
7
Traders report bulls briefly surged as cotton futures and spot prices climbed in New York and New Orleans trading. Prices advanced 63 to 193 points on futures contracts from August through January while New Orleans spot markets rose up to 100 points amid steady demand and mixed weather signals.
The New York cotton market opened with strong activity and broad advances across most positions. October and December led gains on bullish weather outlooks and favorable exports, while January and other months rallied amid heavy covering and Liverpool buying. The market closed with a strong tone and significant advances from the previous session.
The New Orleans cotton market opened firm with prices climbing to fresh highs as speculative demand and active short-covering intensified. Traders noted broad buying pushed by favorable weather signals and strong export interest, sending December and May futures higher while spot tones showed brisk advances.
Saturday market quotes show steady butter and poultry values with minor shifts in meats. Texan creamery butter at 40 45 per pound, poultry hens 26 27, hogs and turkeys varied, wholesale prices for No 1 teleurs and Texas steers noted, while regionwide cotton region temperatures reach up to 108 with heavy rains expected in parts of the South.
World use of American cotton fell sharply in the year ending July 31, with total takings at 14,844,900 bales and consumption by foreign mills and others down by about 1.8 million bales from the prior year. War conditions blamed for reduced demand. available supply fell as well. The report cites breakdowns by region and notes smaller visible and invisible stocks at end of season. Savannah figures show steady trade activity with mixed prices and steady receipts and shipments.
Summary of cotton receipts across major U S ports including Galveston New Orleans Charleston Norfolk Boston and Houston with stocks and export figures for the season and day. Data covers United States exports and stock levels adjusted for prior day and current day totals.
Local packing house quotations list dry salt extras at 2443¢ and bacon at 14-1¢ per pound average. Fancy breakfast bacon 44, fancy home 82c, pork bellies, lard and cheese prices given. Butter creamery 42¢ firsts 40½, seconds 39, poultry alive 32¢? per pound, various regional prices and receipts noted.
Fort Worth and Chicago reports show hog prices holding near steady levels in northern markets with Chicago easing slightly from losses, St Louis rising modestly. Cattle and sheep show limited movement, with light demand and week end slow trading noted in Fort Worth yards. Receipts include several thousand hogs, cattle and calves across multiple markets, with price ranges listed for each class.
The market lists a broad mix of fresh water fish including halibut, rock cod, red snapper and barracuda with prices by weight and wholesale, and retail. Oysters priced at 6.50 per thousand, plus assorted dried goods, canned vegetables and meats with varied regional goods from Texas and California.
Market report shows evening up sales dampening corn prices over the weekend. Prices opened near unchanged, then slipped across futures and cash markets with notable weakness in beans and hogs. traders cited sluggish demand and a southwest influence on new crop prices.
Quotations from Chicago and Kansas City markets appear, listing grain prices and futures for corn oats and barley. Prices shown include various futures contracts and spot bids with references to firms and locations such as CASI GRAIN Chicago and Kannon City Missouri.
The market reports a well supplied Saturday with a California tomato and an apples and plants car arriving. Prices for fruits and vegetables remain unchanged while alfalfa climbs to 59 per ton and alfalfa meal is quoted by Incat traders at Sta ton. No weekend changes noted across wholesale categories including legumes butter poultry provisions mill products seeds and hides.
A dense catalog of wholesale prices for fresh fruits vegetables and staples. California and Texas origins appear for items like onions cabbage radishes oranges bananas grapes and peaches. Prices are given per dozen bushel crate half bushel box and per hundredweight with numerous varieties and brands noted.
A vigilante group warns neighbors that a nuisance dog near North Flores Street may be shot for nightly barking. Chief Lancaster reports a letter from the vigilantes claiming there is no law to curb barking and promising action at the first opportunity. local police say the dog’s death would serve as punishment for disturbing the peace.
Private Charles B. K. Afflerbach of Torch Company 105th Pepper Brigade was found dead at Camp Travis after a reported self inflicted gunshot wound. The body was taken to Camp Travis base hospital. J. Marron and Captain Okie were first responders. A board of officers report will likely be issued Saturday evening. Mrs. Mary Afflerbach of Yorktown, Texas, has been notified.
New York Aug 3 A very slim attendance was seen on the stock exchange Saturday as the weekend session showed superficial activity. Uineral Motors and Nova Scotia Steel gained about 7 and 2 points respectively, while some rails moved small amounts. Closing was firm with Liberty bonds around 95.04 and other quotes noted.
In San Antonio on Saturday dull activity marked Mexican money trading with Perot loans and various notes cited. New York discount rates shown. English money, traveler rates, and government bond interest noted amid sluggish overall demand.
Paris August 8 Attorney General Morrillon summed up in the high court of Justice the government case against Louis Malvy former minister. He said Malvy was not a traitor as claimed by Leon Dandet and others but acknowledged partial responsibility for mutiny in the French army linked to pacifist propaganda and urged punishment on that count.
The casualty list records many individuals killed in action and missing in action across multiple cities and states including New York City Hale Center Texas Leavenworth Kansas Minneapolis Minnesota and Long Island City. Names such as James A Coomer Harry S George Vincent K Gh and Orville I Ball appear among others reflecting a broad nationwide toll reported to the War Department.
Dorchester Mass and other locales report names of service members killed or wounded in action. The casualty list includes Private Seylor D Shanafelt and others reported as killed in action or wounded, with brief attribution to reports received.
In Labette Georgia on August 3 a coroner's inquest reveals Will Cornish, a farmer, was decapitated and hidden in an old well near Meldell mines. His widow confessed to killing him claiming jealousy and madness. A son testified witnessing the axe attack and retrieval of the body.
Henry Villareal, a chauffeur, was struck on the head and thrown from a seven passenger Chalmers car on the Austin Road about 21 miles north of San Antonio. The car then disappeared toward the city after two men in soldier uniform and a woman hijacked the vehicle. Police, military police, and sheriff’s deputies pursued the case, tracing the car toward San Antonio and notifying nearby towns to watch for the vehicle.
Abert Risang a mechanic at Harley Davidson Cycle shop 623 Main Avenue was severely burned Saturday morning when a half gallon gasoline can ignited. A coworker hurled the flaming can toward an opening while a torch was used nearby. Risang rushed into a doorway and the burning liquid spilled over him. He was taken to Santa Rosa Hospital in serious condition. No plant damage reported.
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