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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 31, 1917
Page
13
The article lists daily quotations for middling cotton at major markets. Prices are stated as delivered at market, with figures for Saint Antonio Texas, Cobly, Galveston, New York, New Orleans, and Liverpool. Totals include sales volumes in each location.
The cotton market opened higher in New York and New Orleans but remained nervous ahead of the government crop report. After the report some declines followed, with late trading showing modest recoveries and mixed closes across cities as expectations adjusted. San Antonio spots closed at 21.75.
New York cotton futures showed initial gains before the government crop report, then sold off sharply on the data. October and January prices fell from morning highs, but later steadied on short covering as the market closed barely steady ahead of a holiday closure.
New York trading showed cotton futures finishing Friday with gains across several contracts. October at 22.30, December 22.30, January 22.21, March 22.45, May 22. WB contemporaneous highs and lows listed, with closes reflecting a 31 to 70 point rise from Thursday figures.
New Orleans August cotton prices rose briefly on near bureau report anticipation, then fell sharply as the report showed 67.8 percent condition, with declines of 25 to 31 points from yesterday. By noon a recovery occurred and by 1 52 active months were 1 to 7 points above yesterday's close, closing steady with a net decline of 10 to 16 points.
New Orleans reports cotton futures opening steady then closing Friday down 4 to 15 points. Prices listed for October to January show slight slips from earlier levels with high and low marks, reflecting a cautious trading day.
Liverpool market notes show 31 spot closing dull with steady prices Good middling 13.764 middling 18.254 and low middling 17.75. Receipts total 3000 and sales 200 with 5700 American futures quoted including September 15.924 and August 17.2 for August-September 14.92.
Liverpool reports weekly cotton figures with 41 900 bales forwarded to mills including 35 000 American, total stocks 252 000, Amercox 137 009, imports 47 000 with 43 000 American. No expert commentary available.
New York August 31 Rio No coffee futures show little movement with December at 7.80 and March level with other months, reflecting a steady tone in the market.
The Agriculture Department in Washington forecast the U S cotton crop at 12 499 000 bales of 600 pounds each based on August 25 conditions at 67 8 percent of normal. Compared with July 25 and June 25 estimates, last year’s harvest was 11 448 930 bales. State conditions ranged from Virginia 76 to California 90, with Texas 55 and Missouri 83.
The Cotton Region States bulletin notes cool interior conditions with minima typically 50 to 66 degrees and seasonal temperatures elsewhere. Showers from light to heavy occurred across Louisiana and the Carolinas and locally in Mississippi Alabama Georgia and Florida with heavy totals in Greensboro North Carolina Greenville South Carolina Athens Georgia Minden and Opelousas Louisiana. Allen Buell meteorologist Weather Bureau.
New York August 31 cotton and seed oil quotations show open noon and close values with figures for different contract months. Prices listed include Oct and Jan bids and asks, with notable gains and outturns for several market items and sales totals.
Raw sugar stays steady at 7.02 cents per pound for centrifugal, molasses at 6 cents, refined grades unsettled with fine granulated around 8.40 cents. Market note reflects slight variability across sugar types in New York trading.
New York today saw light trading across cotton goods and yarns with activity subdued by a statewide troop parade causing early market closings today.
Wind velocities under ten miles per hour and precipitation below one tenth of an inch are not published here. Allen Bull.
Chicago grain traders noted government set at 2.29 a bushel for the highest grade wheat and a firmer corn market. December corn rose to around 1.09 to 1.10 dollars, May near 1.07, with cash corn driving gains as weather outlooks and near-month demand supported prices. Oats advanced, hog prices lifted provisions, and cash wheat settled near government price levels despite limited trading.
Chicago market notes show quotations for corn oats rye and barley with prices across grades. Wheat No 2 red and No 2 hard listed at around 2.20 to 2.95 dollars per bushel, corn No 2 yellow about 2.09 dollars, oats standard 0.74 to 0.18 dollars, rye No 3 about 1.78 dollars, and barley around 1.10 to 1.28 dollars.
Kansas City price data shows cash wheat at two prices for grade 2 hard and No 2 red at 2.36 2.40 and 2.17 2.18 respectively. Corn No 2 mixed at 1.83 1.84. Oats No 2 white at 0.658 0.694. Mixed and other figures appear garbled in the OCR text.
In Kansas City on August 21, corn prices for December trade at 1.12 cents? per bushel and May at 1.05 cents per bushel, reflecting the brief futures activity of the day.
In St. Louis on August 31, wheat futures move with No 2 red around 2.20 to 2.22, No 2 hard wheat higher, corn No 2 at 2.00 with No 2 white at 2.03, oats up with No 2 at 57 to 58 and No 2 yellow at 57 to 59 cents, rye no trading.
New Orleans on August 31 reports continued strong rice demand with receipts of 10 123 rough sacks and 220 sacks for millers. Sales include 9996 rough Honduras, 298 rough Carolina at 6.0 to 6.75, and 8823 clean Honduras. rough Honduras priced at 6.10 to 6.80 with other types unchanged.
Turpentine firm reports 28 cent sales for Thursday with 450 receipts 431 shipments and stock 86 584. Rosin firm shows 500 sales 880 receipts and stock 94 203 with no shipments. Quotations listed for grades B through W indicating prices from 5.20 to 7.25 and varying bid ranges.
Lumber producers in Louisiana and Arkansas petitioned the Interstate Commerce Commission to set through rates from mills in Wesson Fordyce Millville Shorttm and Joquet Ark and Bienville La to Colorado Kansas Missouri New Mexico and Oklahoma. They claim absence of through rates prevents sales of lumber into those states.
The Cleveland Plain Dealer notes shoppers fear price sting as merchants set high costs for cherries. A seller explains supply confusion causing perceived scarcity. The piece cites reports claiming cherries are abundant yet rot, prompting worries about overpricing.
A Boston Globe note quotes a household plan involving a small event at a residence. The speaker asks Susan to contribute to the affair to preserve the establishment's credit, and Susan agrees though she declines the waltz and two step.
Fresh fruit and vegetable prices fell for pumpkin yams to 2.55 per hundredweight while California tomatoes rose to 1.60 per lug box and Times dropped to 1.15 per small box. Grain prices shifted with corn in car lots up to 2.15 per bushel. oats fell in job lots to 7 cents and in car lots to 80 cents. No changes were reported Friday in eggs poultry butter provisions groceries mill products seeds tides.
Jobbers report Thursday prices to retailers or paid shippers with commissions. Eggs steady. Texas country candles 34 per dozen, butter higher, Texas creamery 87 per pound. Poultry steady with hens 17 to 18 cents, old roosters 11 to 12, large springs 14 to 15, medium springs 28 to 24, small springs 22 to 28, broilers 2.50 to 3.00 per dozen, turkeys 18 to 19 cents per pound, ducks 7.06 to 8.00 per dozen, geese 9.00 to 10.00.
Quotations to day list butter receipts at 8619 tubs with creamery and first grade prices up to 41 41% cents. Eggs receipts 9662 cases with various firsts pricing. Tomatoes down with Virginia and Jersey bulk prices noted. Live poultry markets show fowls 20 23 cents and springs around 23 to 26 cents.
Quotations list dairy and poultry prices with creamery butter at 37 to 38 cents for firsts, 34 to 35 for seconds, eggs at 55 cents for firsts, 29 to 30 for seconds, poultry at 20 cents for hens, 13 cents for roosters, broilers 21 to 22 cents, potatoes at 1.10 dollars per bushel.
William McFee describes Saloniki as a bustling, decadent port town where splendor and squalor mix. He compares its chaos to a provincial English market day, notes foreign sentries, crumbling citadel, buzzing mosquitos, and crowds of newsgirls hawking Balkan newspapers in six languages.
Mrs Nenlywed admits fault after a quarrel in their married life. She asks for reconciliation and sits by Clarence, urging a kiss to make peace. Clarence remains hurt and questions why there is a need to make up.
At Union Stock Yards on Aug 31 the northern hog market rose 25 to 35 cents in Chicago and Kansas City while St Louis showed a smaller gain. Cattle were steady north, sheep up 6 to 26 cents in Chicago, and local cattle trade blocked end of month. Receipts: cattle 114 calves 159 horses 39 hogs 25. city trade cattle 112 calves 154 hogs 26.
Fort Worth Texas market report shows cattle receipts around 7500 with steady prices across categories from calves to bulls. Hogs receipts near 2000 with steady shifts in heavy and light weights. Sheep market steady with lambs and yearlings trading within stated ranges.
Receipts and quotations show hogs at 25 to 36 cents higher with top at 18.35 and bulk around 17.50 to 18.65, light and mixed grades near 16.75 to 18.75, heavy 16.70 to 18.76, pigs 12.25 to 16.50. Cattle receipts 2000, market strong. native beef cattle 8.20 to 16.50, western steers 7.00 to 8.50, stockers 6.00 to 9.25, heifers 4.65 to 13.15, calves 12.00 to 16.00. Sheep receipts show market strong with 25e higher. wethers 8.00 to 11.35, lambs 11.5 to 17.70.
Receipts and quotations show hogs at 25 to 35 cents higher with bulk as 17.80 to 18.70 and heavy at 18.26. Cattle receipts 1500 including 300 southerns. prime steers 15.00 to 15.90, dressed 11.60 to 14.50, southern steers 7.50 to 11.50, cows 6.00 to 9.00, heifers 7.50 to 13.00, stockers 7.00 to 12.50, calves 7.00 to 13.00. Sheep receipts 1000. lambs 16.90 to 17.00, yearlings 10.50 to 12.59, wethers 3.50 to 11.59, ewes 9.00 to 10.50, stockers 7.00 to 17.25.
St Louis market reports show higher hogs with lights and mixed butchers up, cattle receipts steady, native beef steers and yearling cattle trading in the mid to high range, beef cows and heifers mixed, Texas quarantine steers noted, and lambs and ewes near steady with cull ranges. Prices span from about 4.59 to 18.90 across species and grades.
Fort Worth market on August 31 reports cattle receipts exceeding one million for the year, a new record not counting calves. Previous yearly high was about 900,000 head in 1914, with Thursdays often pushing the total past the million mark.
A London Tit-Bits anecdote describes a recruit seeking work in a military marquee. The officer rebukes his formality and offers a lesson in how to report. The recruit, lighting a discarded cigar, replies bluntly that there is little coming and tells him to move on.
A cautious opening today saw United States Steel offer 6 000 shares around 111 to 112 with a 4 percent dividend, pulling other heavy issues down. Steel rallied later but late losses returned as call money rose to 3 percent. rails oils and war issues declined before a heavier close. Liberty bonds finished near 99.90 to 99.94.
Trading in Mexican money in San Antonio Friday showed bids and asks for silver pesos around 66 and 63 with bank notes also quoted. State bank notes moved at 10 to 15, national bank notes near 11, and Bank of London and Mexico notes around 11 percent.
New York reports time loans for 60 days at 442 4 percent, 90 days at 4 percent, six months at 54. Call money remains strong with high 6 and low 41 percent, ruling rate 4 percent, closing bid 6 and offered 6, fast loan 6.
Mercantile paper at 4 percent with 5 percent cited. Sterling 60 day bills 4.72. Commercial 60 day bills on banks 4.7144, 90 day bills on banks 4.71, demand 4.75916. Cables 4.76716. Guilders demand 4.1516, cables 42. Bar silver 90. Mexican dollars 7 per cent yield. Government bonds steady, railroad bonds heavy.
London reports bar silver at 46 per ounce with money 4 percent. Discount rates show short bills at 4 percent and three month bills at 4 13 16 percent.
Washington August 31 Treasury records show nearly 406,000,090 dollars paid into the treasury Friday in the final Liberty Loan installment. Overall payments total about 1,615,000,000 dollars in principal and interest to date.
The metal exchange in New York quotes lead easy at spot 104010 cents per pound and spelter easy with East St Louis delivery. Copper dull electrolytic spot nominal with September and fourth quarter at 6:41,000 SUVs iron steady and unchanged. Tin firm at spot 61.75 pounds with a 2.25 rise.
London markets report mixed metals with lead at spot and futures around 12 1c, copper futures near f119 10s and £13, tin spot at ies and futures £2413 5s, copper and sp elter quoted alongside spot and futures.
Sir Herbert Walker notes new railway regulations require season tickets at barriers. At a crowded exit a well dressed man salutes a ticket collector and passes, sparking a quip from an elderly passenger who agrees to show his ticket by tucking it under the hat crown for visibility.
A loud man in a railway carriage brags about Turkey and Constantinople claiming ten visits. He warns of scavenging dogs and their appetite for street rubbish, prompting a young lady to think and a sudden quiet ensues.
A long list of wholesale commodity prices across categories. Onions, potatoes, cucumbers, tomatoes, apples, oranges, grapes, dried fruits, canned goods, cereals, meats, and other staples are quoted by weight, crate, or box for Texas, California, Colorado, Oregon, and other regions. Prices cover vegetables, fruits, cereals, canned goods, and animal products, with per unit notes and pack sizes.
Friday quotations from a local packing house show dry salt extras at 26 4c bacon extras 8 4c dry salt bellies 14 16 nd average 29 c fancy breakfast con 40 c fancy hams 26 4c bacon bellies 14 16 pound average 32 c Pure lard 24 4c compound 18 c American cheese 27 c per pound
A collection of quotations includes a witty tale about the Duchess of Westminster and an ex shah of Persia. Other bits recap jokes about a Westminster Abbey mix up and a railway ham sandwich anecdote with a Jackson Junction luncheon remark.
Witnesses describe a car strike that sent a person flying, noting a placard reading Join the Aviation Corps as a distinguishing mark. The Louisville Courier Journal records the incident with this identifying detail and the driver’s account.
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