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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 07, 1917
Page
9
The daily cotton market report notes nervous, irregular trading with quiet activity and varying prices. New Orleans and New York show early gains and midday declines, then a rally on news of England considering lower insurance for neutral shipping, with closing firmer in New York and New Orleans. San Antonio spots quoted 15 cents.
The cotton market opened steady to lower with declines of 7 to 7 points, then rallied as bullish sentiment grew after pressure from New Orleans and Wall Street selling. May contracts surged about 15 points, closing the morning with gains of 12 to 17 points before easing again.
New York reports futures for cotton advancing with March at 15.45, May 15.60, October 15.21 and December 15.46. Liverpool open Thursday with a 7 point gain as the 11 o'clock call lists mixed prices across months including May at 15.82 and July at 15.70.
Cotton in New Orleans opened higher on strong months before slipping by 1 to 3 points. By mid-morning declines widened on export rumors about England extending low insurance rates to neutral shipping. Prices later recovered and stood 17 to 20 points above yesterday at noon.
In New Orleans on February 7, cotton markets opened quiet with opening bids for March 15.02, May 15.16, July 15.26, October 14.78 and December 14.91. The report notes steady demand and cautious positioning by traders.
Cotton prices edged lower with good middling at 16.41 and middling 10.21 while low middling stood at 10.15. Total sales reached 6000 bales, plus 700 bales for speculative export. Receipts showed none.
Futures quiet in Liverpool with spot dates listed across months from February to March and beyond. Rates shown include February 9.94d and various spreads such as March-April 9.914d and September-October 9.60d.
New York on February 7 reports firmer wool goods and active wool buntings. Raw silk and branded goods show unsettled to steady movement. Cotton goods ease in gray goods, and yarns trend weaker.
Savannah reports turpentine receipts at 49, shipments 150, stocks 16 160. Prices show B C and D F G around 6.10 to 6.35 per barrel, with W G at 6.65 and Ky figures listed. overall market details uneven with several firms indicated.
Wholesale prices show California potatoes at 4.10 per cwt up 0.10, yellow onions to 19.00 per cwt, lettuce to 3.50 per crate, and Texas lettuce at 1.00 per bushel hamper. Kraut scarce as cabbage prices hinder manufacture. honey now 0.10 per lb. Butter poultry eggs steady. bacon 0.28 and American cheese 0.28 up from prior.
A long list of wholesale rates for produce to trade including potatoes onions tomatoes celery cranberries cabbage cauliflower peppers lettuce and more. Prices show California Florida Texas and Cuban sources with per hundredweight per crate per dozen bunches and per pound figures emphasized alongside general freight and trade terms.
Rainfall reached .42 inches yesterday with normal daily amount. The day saw .05 inches as the daily excess and a total of 1.37 inches since January 1. The season shows a deficiency of .61 inches.
Chicago, Feb 7. Submarine activity weakened the wheat market while a Hungarian prime minister statement kept peace talks possible. Prices opened modestly down then rallied briefly before settling lower with May around 1.70, July about 1.46. Corn showed relative strength as trade remained light amid rail congestion and stalling shipments.
Wheat No. 2 red and No. 2 hard nominal. Corn nominal. Oats standard 554 56e. Barley $1 000 1 2. Sale notes reflect quiet trading for the day in Chicago grain markets.
Kansas City prices list for February 7 shows No. 2 hard wheat at 1.77 to 1.81, No. 2 rea at 1.76 to 1.89, No. 2 mixed corn 19 1/2 to 19 3/4 cents, No. 2 rey 99 to 99 1/2 cents, No. 2 yellow oats 1.00, No. 2 white oats 55 to 68 cents, No. 2 mixed oats 54 6/8 to 68 cents, rye 1.44 to 1.45.
Kansas City bulletin reports grain futures closing with Wheat May at 1.68 and July at 1.43 while Corn May at 98 1/2 cents and July around 98 1/2 cents.
Wheat prices show No 2 at 1 86 with No 2 hard at 1 51 and corn No 2 at 1 00 and No 2 white at 1 02 Wheat futures percentages noted as 1.86 and 1.86 percent Quotations include rye nominal values and oats not specified with limited data provided
U S Department of Agriculture Weather Bulletin shows observations at 7 a m February 7 1916 with subzero readings and notes on wind below 10 miles per hour and precipitation under .01 inch not published Allen Buell meteorologist Weather Bureau authority.
New York Sugar market reports firm centrifugal at 4.88c and refined at 6.75c. Futures quiet with noon advancement of 2 points amid shipping uncertainty and labor troubles. Also quotes a proverb about helping others during snow emergencies.
Shippers report steady eggs and varied poultry prices with hens and friers listed in dollars per dozen or pound. Butter creameries rise while eggs drop. potatoes rise in futures and geography shows Washington Oregon Colorado Idaho white and Michigan Wisconsin white ranges.
Local packing house quotations list prices for dry salt bacon extras at 19 cents per pound and 16 pound average bellies. Fancy Eretdast bacon at 28 cents and fancy hams at 22 cents. Bacon bellies 14 to 16 pound average. Lard at 14 cents and American cheese at 28 cents per pound.
The Union Stock Yards report February 7 notes cattle varying from strong at Fort Worth to weak at Chicago while hogs run from strong at Chicago to lower at St. Louis. Sheep stay steady and the local market remains firm. Receipts were healthy with expectations of cautious stacking ahead. San Antonio yard counts include cattle 265 calves 82 hogs 45 goats 362.
Fort Worth Texas February 17 Receipts and quotations show cattle receipts of 4500 with various classes listed: steers heifers calves and hulls priced around 4.00 to 4.50. Sheep and lambs steady with lambs Yearlings and wethers priced near 11 to 9.75. Goats 3.50 to 6.59. Bulk trade pace indicated steady overall.
Chicago market report lists hog receipts 47,000 with bids for bulk 12.15 to 12.45 and pigs 9.75 to 11.00. cattle receipts 17,000 with native beef 7.90 to 12.25 and western steers 7.90 to 10.30. stockers 6.10 to 9.35. cows 5.15 to 10.50. calves 0.250 to 14.50. sheep receipts 18,000 with lambs 12.00 to 14.50 and other grades 10.50 to 11.75.
Irregular opening for U S stocks as United States Steel drops after heavy sales while Crucible Steel and Bethlehem Steel fall. War issue stocks rally by midday and end with heavy losses in rails and Pacifics as overall turnover nears 900000 shares.
The report lists 60 day and commercial bills with high percentages, demand and cables quotes for France, and a surge in Bar silver plus Mexican dollars. Government and railroad bonds appear irregular, signaling fluctuating market activity.
The report lists cotton stocks across multiple cities including New Orleans Boston Norfolk Wilmington and others. It notes stock figures and a seasonal deficit of 348 807. The data contrasts same day stock levels with figures from the previous year.
In New York on February 7 coffee futures fell slightly with March at 8.14 and July at 8.28, signaling a softer market. Traders noted light trading volumes as the market closed.
Receipts and quotations for live cattle and hogs in Kansas City show hogs steady to 25 cents higher with heavy prices at 12.25, cattle receipts around 7,000 including 100 southern cattle with prime fed steers trading 11.25 to 12.00, cows 5.50 to 9.50, calves 7.00 to 12.00, and sheep receipts about 7,000 with lambs 12.60 to 14.80, yearlings 12.00 to 13.25, wethers 10.50 to 11.50.
SCT. Louis market notes show hog receipts 13,000 with mixed ranges from 12.15 to 12.55 and pigs 9.25 to 11.00. Cattle receipts 3,800 with native steers 7.60 to 11.75, yearling steers 8.50 to 11.50, cows 5.50 to 8.75, stockers 5.30 to 8.50, prime beef steers 8.00 to 11.00, beef cows 4.25 to 9.00, yearlings 7.50 to 10.00, calves 6.10 to 14.00. Sheep receipts 1,200 with lambs 12.75 to 14.75, ewes 6.50 to 10.60, yearlings 11.00 to 12.25.
New York on February 7 reports easy time loans with rates for call money at 2 to 21/2 percent, 90 days and six months options available. The ruling rate sits around 2 percent with the last loan quoting 2 percent and closing bids at 2 percent.
London prices show bar silver at 377 6d, money at 4 percent, with discount rates cited as short bills 8 percent and three months 6 1/2 percent.
The Times reports a new war insurance scheme for neutral ships becomes operative on Wednesday in London. Rates will be far lower than before for neutrals carrying essential cargoes like food, munitions and coal, and will be so moderate that owners need not keep ships in port due to insurance costs.
Lead trades at 8.55 cents with East St. Louis delivery at 10 cents. Spelter steady. Copper billet quotes electrolytic second and third quarters at 30.00 to 32.60. Iron remains steady. Tin firm between 54.50 and 55.50.
The census bureau reports American munition manufacturers used 898 015 equivalent 609 pound bales of cotton fiber in 1916 including linters and bull fiber. This compares with 584 710 bales of bleached fiber and 244 603 bales consumed in 1915, with a 30 to 40 percent loss in linters and half fiber preparation for gun cotton and explosives.
London market quotes on February 7 show lead at 30 pounds 10 shillings per long ton, speltter at 47 pounds, copper spot 137 pounds with futures 138 and electrolytic 146. Tin spot 20 and futures 202 pounds.
Final arguments were to be made in the Mooney murder trial over the preparedness day bombing. Prosecutor Fickert to open for the state and Cochran to close for the defense. Five indicted, Warren Billings already found guilty and sentenced to life.
Today’s army orders announce Captain Harold E. Ferguson of Florida is granted access from service of the United. First Lieutenant Charles E. Coates of the signal corps will report by telegraph to the Southern Department. Captain Char Blakeley of field artillery detached will resume station at New Orleans. Captain George R. Norton of ordnance is replaced in the Southern Department and will accompany troops to Springfield Armory.
New Orleans reports steady rough and clean rice receipts with notable sales to Honduras Japan and blue rose, while New York Clearing House posts a daily record with exchanges topping 1.228 billion dollars and a balance of 47.27 million, aided by 25 million payment for a British loan subscription.
Reward offered for return of a damaged pink enamel brooch set featuring pearls and a diamond center. Safety chain attached. Return possible at 213 Madison or Crockett 3565.
A departing guest jokes about two weeks’ stay costing little thanks to a saved catastrophe fund. Mrs Inwrong responds that George and she have a dedicated emergency reserve.
LAX FOS is an improved cascara laxative with harmless chemicals to boost effectiveness. It is pleasant to take and does not gripe or upset the stomach. Suitable for children and adults. Try one bottle for constipation at 50 cents.
The Interstate Commerce Commission granted Texas permission to reopen the Shreveport rate case. Hearing date not fixed. Attorney General Looney said Texas will cooperate with ICC and present evidence that current freight rates penalize Texas shippers for alleged discrimination. He cites Illinois and South Dakota rulings as supporting similar questions.
The army appropriation bill includes a transfer of 1 million dollars from a 14 million aviation fund for land and building needs at aviation posts. San Antonio advocates pushed for the item while Secretary Baker sought 4.5 million. If shortfalls persist, full funding may be authorized later. Senator Sheppard aims to raise the appropriation in the Senate with Brigadier General Squier to testify.
A Japanese steamer Hankaka ran aground in a snowstorm near Chefoo Shantung Province China. Three hundred perished from drowning or freezing with seventy five rescued after Captain Stampe of the Netherlands Harbor Improvement Company led a risky four day effort to reach survivors.
Three days of exposure at temperatures never above fifteen degrees above zero left most passengers and crew Chinese and Japanese. Survivors recount frigid conditions and peril during the voyage.
Former President William H. Taft told a Philadelphia dinner that Washington and Jefferson’s entangling alliances doctrine is inapplicable to current conditions. He cited the U.S. rise as a world power and referenced issues from Japan to the Panama Canal. Marquis of Aberdeen attended as a guest.
Washington, Feb. 7. President Wilson sent to the Senate a long Navy and Marine Corps promotions list authorized by last year’s act. Seven officers to be captains of the Navy and ten lieutenant colonels to be colonels of the Marine Corps are named, with other officers advancing. New captains include Phelps Dayton Moffett Taylor Ziegemeier Bostwick and Willard. Marine colonels named are Haines Fuller Williams Catlin Lane Moses Myers Neville and Me Lemore.
PLAN TOURIST CLUB CORPUS CHRISTI Feb 7 A meeting is set for 2 PM Wednesday in the sun parlor of the Nueces hotel to organize the Corpus Christi Tourist Club. The Corpus Christi Commercial Association will sponsor to improve visitors social pleasure during summer and winter stays. Printed notices went to registered tourists. invitation extended to all visitors in the city. The association estimates 2000 to 3000 tourists are in town, with representation from nearly every state.
Judge Ireland Graves overruled the motion to dissolve an injunction in the Galveston Harrisburg San Antonio Railway versus San Antonio Belt and Terminal Railway case. The injunction bars the terminal company from building a grade crossing over the plaintiff’s tracks and restrains the Railroad Commission from enforcing its order permitting the crossing near the oil mill property in San Antonio.
Advertisement touts Laxative Bromo Quinine as harmless for all. It emphasizes tone and laxative effect, claims no nervousness or head ringing, and features E. W. Grove’s signature on the box for 25 cents.
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