Daily Precipitation Update and Deficiency
Precipitation yesterday was normal for the day at .05 inches. The daily deficiency matches the total since January 1 at .96 inches. Deficiency since January stands at .98 inches.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 06, 1917
Page
9
Precipitation yesterday was normal for the day at .05 inches. The daily deficiency matches the total since January 1 at .96 inches. Deficiency since January stands at .98 inches.
Daily quotations for cotton at major markets with middling grade priced for delivered cotton. San Antonio 1675 Houston Galveston 200 New York 2000 New Orleans 600 Liverpool 7000 characterized as smelling sales basis figures.
The cotton market opened lower in New York and New Orleans as investors feared war news. After brief rallies on covering and buying, prices fell steadily to a large net loss by afternoon. San Antonio spots declined 15 cents as rumors of Germany’s war actions pressured trading.
The New York cotton market opened lower by 4 to 11 points on easy cables but rallied to near previous close as foreign buyers and trade interests bought. Liquidity declined after reports a American was killed in the sinking of the Eavestone, sending May down to 15.76 before a late rebound to around 15.85 with a nervous, unsettled tone throughout the day.
New York reports steady open for cotton futures with March at 15.80 and May at 15.99. Futures close 29 to 40 points lower after intraday moves. Liverpool expected to open Wednesday with prices down about five points on the call.
In New Orleans on February 6 the cotton market showed uncertainty with selling pushing prices 21 to 29 points below yesterday's close. Rumor of Germany's war declaration sparked a brief rally, lifting prices about $1 a bale. By noon the market eased to 17 to 20 points down, then to 28 to 32 points under the prior close by 1:30 p.m.
New Orleans cotton opened irregular with March 15.10 and July 15.35 bids. Futures closed 33 to 37 points lower as May October futures showed varied quotes around the 15.00 to 15.23 range amid a unsettled market.
Spot cotton firm in Liverpool with Good middling at 10.50, middling 10.40d, low middling 10.22d. Sales total 7000 bales of which 700 were for speculation and export. Receipts 7000 bales.
Futures steady in Liverpool trading with February to March at 9.94 pence, March-April 9.6 pence, May-June 9.91 pence, and later spreads including September-October 9.41 pence and December-January 9.14 pence. Movements show a narrow, orderly curve across several contract months.
Raw sugar firm with centrifugal at 4.83 and molasses at 3.96. Refined steady with fine granulated at 6.75. Sugar futures firmer by noon, up 6 points to 106 on covering and Cuban buying.
New business booked 103,528,724 feet and shipped 100,047,033 feet. Orders on hand total 643,317,705 feet as of close of business Friday, according to the Souther Pine Association.
The Interstate Commerce Commission approved a five cent per hundred pounds rise in freight rates for rice from Texas Louisiana and Arkansas to Memphis and for interstate movement from Arkansas. The commission disapproved similar increases to points west of the Mississippi except Louisiana and proposed increases on rice products for interstate movement.
Wheat prices fell sharply on February 6 as news of German sub gunfire killed an American sailor spurred fears of wider war. May and July contracts opened 44 to 2% lower, with May around 1.72 to 1.73 and July 1.47 to 1.48, later recovering modestly amid volatile trading.
Chicago on February 6 reports mixed grain prices with No 2 red and No 2 hard wheat at around 1 cent for 14 dollars, yellow corn and oats also listed with nominal figures, while barley remains nominal.
Kansas City market notes report grain and food item quotations dated February 6. Prices listed include heating pie items and various corn and rye grades with several numeric values and percentage notations.
Shippers market shows varied prices with Rose and Texas products steady. Butter and creamery costs listed. poultry items range from small hens at 4.80 to large hens at 7.00 dollars, and ducks at 7.00 per dozen. Geese quoted 12.00 to 16.00.
Quotations to Butter unchanged with creamery at 22 39 cents. Edges lower as receipts reach 2405 cases. Firsts die ordinary firsts 42 43 cents with no mark. Potatoes higher, receipts none. Washington Oregon Idaho whites range 2.25 to 2.35, Michigan whites 2.15 to 2.25, Wisconsin whites 2.00 to 2.25. Poultry alive higher with fowls 21 cents springs 22, turkeys 23.
Quotations today show Creamery firsts at 90 cents per unit and eggs at 40 cents for firsts. Hens fetch 18 cents, roosters 1 cent, turkeys 25 cents, and potatoes listed at 2 dollars 20 cents per bag.
Local packing house quotations list several items with terse prices including dry salt extrags at 17 1 2 cents, bacon extras 1 cent, dry salt bellies 14 to 16 pounds at 18 1 4 cents, fancy breakfast bacon 27 cents, fancy hams 22 cents, bacon bellies 14–16 pounds average at 20 cents, Pure lard 17 1 2 cents, compound 14 cents, American cheese 27 cents per pound.
The Comptroller reports U S gross bank earnings of 599,642,051 and net earnings of 157,542,647 for the last fiscal year, up 30,500,000. He says practically the world is in debt to the United States and wealth is piling up rapidly, needing every dollar to expand and project influence.
The visible grain supply shows shifts: Wheat down 938000 bushels and wheat in bond down 943000. Corn up 789000. Oats down 1300000 and oats in bond up a small amount. Rye down 138000. Barley up 379000. barley in bond down 223000.
Kansas City prices for May corn and July futures dipped while other contracts showed modest gains. The report notes May corn at 11% and 1.71% declines, with July corn around 98% and 97% bids as trading wrapped up.
Turpentine in Savannah shows dullity with no sales and firm price, receipts 228, shipments 139, stock 16,161. Rotations B D R F G quoted at 6.10 to 6.60 per barrel, with W. G and W. W designations noted.
In St Louis on February 6 quotations show wheat rising with No 2 red and No 2 hard at 1 82 to 1 89. Corn No 2 at 1 02 and No 2 white at 58 cents. Rye remains nominal.
New York reports cotton goods and yams steadier with light trading. Dress goods firmer and raw silk unsettled in foreign markets yet quiet locally. Overall markets steadier with growing confidence in values.
The northern cattle market was strong with gains of 10 to 15 cents at Fort Worth while hogs rose across centers led by St. Louis with 15 to 25 cent increases. Sheep were unsettled with Chicago weak and Fort Worth steady as traders expect prices to stay high for three months. Receipts at San Antonio included cattle 750 calves 304 horses 129 hogs 184.
Fort Worth markets show cattle receipts 4700 with prices up to 9.30 for steers and 7.00 for cows. Hog receipts 6000 with bulk 10.60 to 10.90 and top 11.15. Sheep receipts 4200 with lambs 15.00 to 18.50 and yearlings 11.60 to 12.00. goats 3.50 to 6.50.
Chicago reports for February show cattle and hog markets with strong demand and higher prices. Hog receipts reach 17 000 with tomorrow's expected 35 000. cattle receipts 4000 with 15 000 tomorrow. sheep receipts 16 000 with 15 000 tomorrow and overall weak lamb and ewe values.
Kansas City market reports show hog receipts 16 000 with higher prices. Bulk buyers paid 11.75 to 12.25, heavy hogs 12.15 to 12.30, packers 11.90 to 12.26, light hogs 11.60 to 12.05, pigs 10.00 to 11.50. Cattle receipts 10 000 with steady to 10 cent gains. prime fed steers 11.00 to 11.78, dressed beef steers 8.50 to 11.00, southern steers 6.00 to 9.60, cows 5.75 to 9.50, heifers 7.00 to 11.00, stockers 6.75 to 10.00, calves 7.00 to 12.75. Sheep receipts 13.00 with steady to 10 cent higher. lambs 13.00 to 14.80, yearlings 12.25 to 12.35, wethers 10.75 to 11.50, ewes 10.00 to 10.80, stockers 7.00 to 14.00.
Receipts and quotations show gains across pigs cattle and sheep. Lights and various beef categories edge higher with strong demand noted. Native beef steers yearling stockers and cows range in mid to upper values as 4000 cattle and 1200 sheep enter the market.
Hogs sold Monday at 12.40 a bushel, the highest price since the Civil War, with sheep rising to 11.46 for wethers. Cold weather delaying shipments drove the jump, while cattle prices advanced less. City butchers paid the top meat prices in Chicago.
A Weather Bureau meteorologist states that velocities under ten miles an hour and precipitation amounts below .01 inch are not published here. Allen Buell notes this stipulation in the weather report.
Today's army orders report personnel to report to the examining board at Eloor for transfer examination. Names include AJIOR DANIEL G Barat, CALVIN P. I Saetun, J. HOLDEN, ROY H. COLES, TOM FOX, SPENCER AKIN, CHAPMAN GRANT, DANIEL A. CONNER, BENJAMIN H. FRAYSER. FRAYSER, in the medical reserve, is relieved in the southern department with 21 days leave.
A wounded English Tommy on home leave visits a barber. He jokes that after service his razor seems invisible, quipping he would have thought he was bayoneting whiskers off if the barber had not mentioned the razor.
A Texas Credit Men's Association delegation arrived to urge the Senate committee to pass a landlord's hen bill that makes it an offense to issue a false written statement to obtain credit.
A Texas business permit was issued to the Thomas Ruddy Company of Augusta Georgia. Capital stock is 1,590,009 dollars. The firm plans to build and mount slaughter pens and packing houses with Texas headquarters in El Paso.
A shallow water craft designed for streams carries twenty five rons and two tons of freight with a draft of ten inches, powered by an aerial propeller.
New York stock market starts flat then rises with United States Steel leading gains of about 14 points. Metals and oils rally while rails slip to New Haven at a new low, Canadian Pacific and Northern Pacific motors slide. Noon trading sees renewed weakness on reports of unsettled international conditions.
Lead at 8.50, spelter firm, East St. Louis delivery 10 percent. Copper nominal at 32.00 to 32.50 for electrolytic second and third quarters. Tin nominal spot 54.00 to 58.00. Tron steady.
The listing shows tin copper and zinc futures and spot prices in pounds and shillings. Prices noted include spot copper 136 and futures 132, spot tin 202 16s and futures 203 15s, with mentions of spelter 47 and Spelter and Lenn 30 109.
New York market brief shows mercantile paper at 4.724 percent for 60 day bills and commercial bills, demand at 4.75 percent, francs and guilders rates, bar silver at 77 cents, Mexican dollars at 59 cents. Government bonds weakened and railway bonds varied.
Time loans extend 60 and 40 days and six months at 41 percent. Call money shows firm highs 214 and lows 2, ruling rate 2 percent. Last loan 2 percent, closing bid 4, offered at 24.
Cotton statistics show Bates and Block data with 3,864,808 stock for the latest day, 1,855,058 stock vs last week, and 1,701,508 stock year ago. The deficit this season stands at 326,702.
Mrs Duthwaite endures months of nervous strain as new well to do neighbors move in next door. She cannot ascertain the source of their wealth, despite her efforts. The brief exchange hints at social intrigue in the Birmingham publication.
Market report shows Cuban tomatoes at 3.50 per six basket crate up from 3.25. California lettuce climbs to 3 per crate. Florida eggplant falls to 10 cents per pound. Garlic dips to 10 cents and chili pepper to 20 cents per pound. rice to 4.50 per hundredweight. Wholesale butter eggs and poultry steady. receipts lighter.
Readable items list wholesale pricing for fresh produce and canned goods by region. California onions celery and peppers. Florida cranberries oranges bananas. Texas cabbage. assorted dried fruits and canned meats. Includes per unit weights, crate, and barrel pricing, with many entries across fruits vegetables and staples.
London reports the Belgian relief steamer Lars Kruse was sunk near the Belgian coast by a torpedo or mine. An official says all relief ships are now held up, risking Belgians and French in occupied territory facing starvation if delays continue.
In New York at noon rumors spread that Germany had declared war on the United States, sparking a sharp stock market break. Prices fell 1 to 3 points with weakness in shipping and munition stocks. U. S. Steel slid 2 points from its peak, though the market later recovered some losses.
Treasury officials study a suggestion from designer Herman McNeill of New York to add a starry background and raise the eagle on the obverse of the quarter. The government will continue issuing the coin with its present design for now.
Diplomatic notes from the State Department say the last of General Pershing's troops left Mexico and caused no public demonstration though satisfaction was expressed. General Hiberto Jara named minister to Cuba.
The U S Circuit Court of Appeals in Cincinnati upheld a district court ruling that John D. Rockefeller does not owe county taxes on $311 million in property. The decision found that Rockefeller’s Cleveland summer home did not establish Ohio residency for tax purposes.
Wheat on first trades today fell four cents from yesterday s six cent rise. May open at 1.73 1 3 to 1.72 1 2 and decline to 1.70 1 2. Prices steadied but nerves ran high over the international situation.
Austin Feb 6 Senator W A Johnson of Hall county announced his bid for lieutenant governor of Texas subject to the 1918 Democratic primaries He will reveal his platform when the proper time arrives and begins his race planning.
The Belford, a British sailing ship of 1955 tons gross, has been sunk. Lloyds slip reported the Belford left San Francisco on August 23 bound for Plymouth.
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