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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 25, 1917
Page
7
Daily quotations from principal spot cotton markets for middling grade. Prices indicate delivery at market locations such as San Antonio New York and New Orleans with a reported price of 24.00 to 25.25 in the excerpt.
The cotton market opened steady and fell sharp after early gains, with declines led by December and January futures. New York and New Orleans prices slid 46 to 62 points from yesterday’s close, while San Antonio spots stood at 24.75.
Cotton prices eased from open as favorable crop news and new crop offerings influenced trade. Weekend covering pushed values down with December at 21.79 and October near 21.78, closing 46 to 59 points lower in active months.
New York futures closed lower on January 7 with cotton contracts leading losses. Prices for October and December cotton slipped from prior levels while March and May contracts showed scattered declines and gaps in trading.
In New Orleans on Aug 25 the cotton market opened higher by 6 to 15 points as shorts covered. A private bureau report on central belt crop improvement sparked fresh selling, sending prices down to 11 to 22 points below yesterday at midmorning. Heavy long liquidation and bearish week end statistics widened the decline, with active months down 48 to 44 points from final prices as trade closed steady for the morning.
Futures prices show October at 21.54 and December 21.58 with January 21.04 asked and March at 21.72 May 21.92. The market closed with fractional point moves and varied highs and lows noted for Friday and Saturday trading sessions.
Temperature readings for the Houston district show 24 hour values ending 8 a m with most stations four to eight degrees below normal. Central and southwestern Texas and eastern North Carolina stay near seasonal, while eastern North Carolina and south central Louisiana had scattered showers and heavy rain in Goldsboro North Carolina.
Cotton goods were steady on finished lines and easy on gray goods with steady shearings. Government demands for duck and other cottons remained firm. Wool markets showed unsettled prices due to government import controls. Silks quiet and jobbing very moderate.
New Orleans on August 25 reports strong Rice Evennees demand with rough rice receipts of 6965 sacks from mills 347 sacks. Sales include rough Honduras and Carolina at 6.50 to 7.20 per hundredweight and 411 pockets of clean Honduras. Quotations list rough Honduras 6.00 to 7.20 and clean Honduras 6.75 to 7.00, with others unchanged.
The weekly condition of clearing house banks and trust companies shows total reserve in excess of legal requirements at 63.78 million down 7.68 million from last week. Loans and discounts stand near 2.798 billion with decreases in several reserve items and deposits edging lower overall amid mixed changes across state and national banks in Greater New York.
Green salted hides rose to 17 percent, while wholesale prices for fruits vegetables eggs butter poultry groceries provisions seeds grains and mill products stayed unchanged on Saturday.
Local packing houses publish Saturday quotations for dry salt extras at 2 cents and 2 ½ cents, bacon extras at 2 ½ cents, dry salt bellies 14 to 15 pounds at 29 ½ cents, fancy breakfast bacon 40 cents, fancy hams 26 ½ cents, bacon bellies 14 to 16 pounds at 3 cents, pure lard 24 ½ cents, compound 1 ½ cents, American cheese 7 ¾ cents per pound.
Forty one cents was bid for 100 tubs of butter on the Elgin Board of Trade today. There were no sales. This is an increase of le over last week's prices.
Shippers market reports indicate steady prices for eggs and butter. Texas country candied eggs sell at 35 cents per dozen, Texas creamery butter at 32 to 36 cents per pound, country butter 25 cents. Poultry remains steady with hens at 16 to 18 cents per pound, roosters 11 to 12 cents, large springs 22 to 23 cents, medium springs 22 cents, small springs 20 to 21 cents, broilers 2.50 to 3.00 per dozen, turkeys 17 to 18 cents per pound, ducks 7 to 8 dollars per dozen, geese 9 to 10 dollars per dozen.
Quotations today show Kutter creamery at 41 1/2 cents. Eggs receipts 7166 cases with Firsts 36 and Seconds 32 to 36 cents per dozen. Potatoes steady with receipts 40 cars, Virginia barrels at 4 254.50, Jersey bulk 1.40 to 1.45, Minnesota bulk 1.25 to 1.30. Fowls 2.3 to 2.4 per pound pulp in shells 24 cents.
Quotations listed for dairy and poultry products include Butter creamery 39c for firsts 31c for seconds 36c packing 54c. Eggs firsts 31 4c seconds 28c to 14c. Hens 18c, roosters 12 44c, broilers 8 1a. Potatoes 1 dollar per bushel.
Observations recorded at 8 a.m. Saturday August 5 1917 note wing velocities under 10 miles per hour and any precipitation under .01 inch are not published. Ends with signature Wing A Parrack assistant in charge.
The northern hog market remained weak today with Kansas City showing the steepest drop at 59 cents. Cattle held steady and sheep softer. local yard receipts included 248 cattle 111 calves 104 horses and 50 hogs with 209 cattle 71 calves and 30 hogs for city trade.
Cattle receipts 1200 head market steady with Reeves at 37.00 for 10000, stockers 8.25 at 600, heifers 4.00 at 800, cows 4.50 to 7.75, bulls 5.00 to 6.00, calves 6.00 to 9.50. Hogs receipts 1000 head market steady to 25c lower, heavy 16.50 to 16.75, tight 16.60 to 16.25, mixed 15.50 to 15.75, pigs 10.00 to 13.00. Sheep: no receipts. lambs 13.00 to 1.00, yearlings 9.50 to 10.50, wethers 9.00 to 10.00, ewes 5.00 to 9.00, culls 6.00 to 7.00, goats 5.00 to 7.00.
Hog receipts 5600 with weak market. Top 17.40, bulk 16.20 17.25, light 15.75 17.30, mixed 15.85 17.40, heavy 16.75 17.25, pigs 11.00. Cattle receipts 060 and steady. native beef 8.25 15.50, steers 6.10 9.25, cows and heifers 4.65 13.00, calves 11.50 16.00. Sheep receipts 2000, market steady. ewes 7.75 11.1, lambs 19.50.
Receipts and quotations from Kansas City show hogs 500 head with prices 16.25 to 17.49, bulk 16.50 to 17.30. Cattle includes Prime fed steers 14.00 to 15.00, dressed beef steers 11.00 to 13.75, southern steers 7.09 to 11.50, cows 5.75 to 19.00, heifers 7.50 to 13.00, stockers 6.50 to 12.00, calves 7.00 to 12.50. Sheep receipts 200 with lambs 15.75 to 14.76, yearlings 1.00 to 12.00, wethers 9.06 to 11.60, ewes something 10.40 to 10.50, stockers 6.50 to 16.75.
Receipts and quotations from St Louis show hogs 2000 head market steady with light 17.25 to 17.75 and heavy 17.75 to 18.10, cattle 900 head with native beef steers 8.00 to 15.00 and cows 5.00 to 10.00, and sheep 150 head with lambs 11.00 to 16.40 and wethers 10.50 to 12.00.
In Birmingham Chattanooga wins 2 to 0 behind solid pitching. Merritt and Peters paired with Comstock and Haworth for Birmingham, while Meador and Street led Atlanta to a 4 3 win over Nashville with Tullenweider and Perkins closing.
In Memphis the New Orleans team defeated Memphis 6 to 2. Batteries: Robertson Bailey and Higgins for New Orleans. Blodgett and Schmidt for Memphis.
At Little Rock the BR HB team tallied 16 runs to Mobile's 7, with scoring in the first and later innings. Batteries Ching, Griffith, and Kitchens along with Tincup, Chapman, and Parker contributed to the home team's win.
Pittsburg announces Ray Miller, first baseman acquired from Oakland, will be traded to Kansas City for infielder Fred Mollwitz. Miller to play for Kansas City next Thursday.
A long list of wholesale prices for fresh vegetables fruits canned goods and dried fruits. Items include onions potatoes cucumbers tomatoes okra peppers beans apples bananas oranges grapes lemons and more with per dozen per hundredweight per bushel crate or case pricing. Also covers meats canned goods dried fruit and Hides and other staples with shipper delivered terms.
New York trading showed oils and sugars as leaders with gains up to 2 points. Reading and low grade issues helped the upturn while United States Steel and other equipment shares moved narrowly. Rock Island offerings added 1 to points as Liberty bonds eased slightly to around 99.92 to 99.95 on the close.
Trading in Mexican currency in San Antonio showed varied bid and ask levels among local banks with pesos and Mexican notes cited. In New York Mercantile paper and foreign exchange quotes were steady with sterling at 60 day bills around 472 and 471 45, demand 475 9-16. Mexican dollars at 68 1 2 cents.
Bar silver at 44 percent per ounce and money at 3 percent with discount rates listed for short bills at 4 percent and three month bills at 4 13 16 percent as of Friday in London.
New York metals notes a very quiet copper market over the past week with quotations nearly nominal at about 25.00 for September and the last quarter. Iron prices remained unchanged.
New York August 25. Coffee market steady with Rio 9% and No. 9%e futures. December held at 7.7c and March at 7.7c.
Chicago reports show corn prices slipping as weather boosts expectations. December futures edged to about 1.10 a bushel, May around 1.06 to 1.08, with closes weak and off about 2 to 3 cents. Wheat held steady at opening, while September trades softened on last day activity. Hog futures showed slight pressure with little drop in provisions.
Chicago August 25 report shows grain futures with values for wheat corn and oats. Prices listed for Sept Dec and May contracts with open high low and close figures, reflecting daily market activity and percentages.
Wheat No 2 red 2.20 to 2.23. No 3 hard 2.30. Corn No 2 yellow nominal. Oats Standard 64 4 55 cents. Bartley 1.05 to 1.28.
Grain futures closed with wheat at 2.20 for September and corn at 1.08 to 1.07 for December. May futures traded around 31.04 and 81.04 as markets moved on supply demand signals from Kansas City.
Kansas City market report lists cash wheat No 2 hard 2.40 to 2.69 No 2 red 2.40 to 2.69 corn No 2 mixed 1.79 to 1.80 No 2 white 1.87 to 1.89 oats No 2 white 58 1 59c No 2 mixed 57 5S7 typos present in OCR text.
Cash Wheat prices show No. red at 2.20 to 2.25 and No. 2 hard at 2.28 to 2.35. Corn lists No. 2 at 1.86 and No. 2 white at 1.95. Oats quotes include No. 2 at 64 64 and No. 2 white at 64.
Turpentine firm Friday with 37 percent yield and 87 TEC sales, receipts 508 and shipments 447. Rosin sales 9, receipts 1454 and shipments 300, stock 96 157. Quotations list multiple grades with prices ranging from 5.17 to 7.35 dollars per unit.
A Topeka Capital report describes Jean McIntosh of Kansas City modeling women’s overalls in a department store window. The half hour display shows raking, dusting and lifting with the garment’s elastic cuffs hiding the legs, followed by a floor sale. Miss McIntosh promotes overalls as cheap, modest, durable and freeing for modern women.
Excerpts describe a moment of exhilaration as observers respond to an unusual display. The speaker remarks on the subject's appearance, comparing it favorably to an apron, while the interviewer concurs.
Greenfield Indiana residents A H Rottman and W W Webb noticed honey bees around a vacant house. They investigated and found a large bee colony and honey stored between the weather boarding and plastering. The nest had entered via a hole where telephone wire had been removed.
A humorous exchange from the Indianapolis News features a joke smith insisting you can only get down from a goose, not an elephant. The back and forth riffs on methods to “get down” highlight playful wordplay and crowd reaction.
The Chicago Herald notes Miss Julia James on stage as a teller of amusing stories. A girl named Betty shares a domestic science lesson by saying the best way to keep milk from turning sour is to leave it in the cow.
In the back Ozarks near four churches a minor disturbance occurs during two funeral services. An usher asks about the commotion as a hearse and pallbearers wagon seem to jockey for position, spoken by a late arrival who owns a running horse.
The quote from the Washington Star features remarks on pessimism and its social effect. It notes how a disagreeable man named Biggine is seen as demonstrating a stance that could curb pessimism through example.
A historical note describes bones being ground to powder by packing in a barrel with fresh wood ashes and kept moist for a few months, a method tied to preservation or processing practices of the period.
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