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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 10, 1917
Page
7
The Cotton Exchange notes a steadier market with a modest net advance amid bullish shipping rumors. New York closed very steady up to 11 points higher, New Orleans up 7 to 16 points, while San Antonio spots held at 15 cents amid mixed local quotes.
The New York cotton market opened quiet but steadied with limited buying and cover as New Orleans support grows. Prices moved from 15.55 to 15.66 and settled around 15.60. May stood at 15.65 cents, up about 10 points, while futures closed steady on bullish export outlook with potential tonnage shift noted.
New York on February 10 saw cotton futures open steady with March at 15.45, May 15.55, July 15.62, October 15.47, and December 15.58. Futures closed 1 to 11 points higher.
Cotton prices advanced 13 to 16 points in New Orleans trading as easing fears of conflict with Germany supported demand. Early activity showed steady tone with small offerings, aided by reports that the U S government sought nine million yards of cotton goods and a January consumption of 580000 bales, versus 542000 a year earlier. May futures up 17 points late. close very steady with 7 to 16 point gains.
Cotton opened quiet in New Orleans with March 15 and other months listed. Futures closed 7 to 16 points higher with July and October showing gains. Liverpool cotton due to open Monday with prices up two points.
Grainy ledger style brief lists cotton receipts at Gulf and Atlantic ports. Figures show balances for Galveston and Houston in Texas, New Orleans, Savannah, Charleston, Wilmington, and other ports with varying bale totals. Critical data spread suggests statewide and regional market activity.
Real estate and farm offers listed by John Bollons Realty and W B Whitaker. Properties include 1033 E Commerce St listings for cottages and acreages, mountain land 1200 acres thirty miles from the city at 16 per acre, 126 acres heavy mesquite land near a station at 20 per acre, 400 acre goat ranch in Adderon County with debt trade option, and a San Antonio exchange with farm land values and cash balances.
A San Antonio River farm at 106 acres with 60 cultivated, deep water and rich soil near Corpus Christ road. San Antonio Loan and Trust Co offers 656 acres with 2 buildings 5 acre orchard and 400 acres fenced for 12.50 an acre. W Arthur of Mountain View Mo lists farmland with easy terms. 1522 acres with 4 houses artesian well and 200 cultivated acres offered by Jorge Cantu Chapa box 16 Raymondville Tex. Forty acres black land farm 8 miles from the city, 5 room house, $4000, 1033 E Commerce St.
40 acre farm for rent with cultivation hag proof fence running water through pasture and available tools wagon teams pews incubators chickens and about 75 hogs. Sold to right party on time. Call 537 Castro St.
Stock data for 900 Pacific ports shows yesterday and last week totals. Deficit this season stands at 0.505 with stock levels compared to last year.
Local packing house quotes list dry salt and bacon extras with 14-16 pound averages. Items include dry salt 17 cents, bacon 19 cents, bacon bellies 14-16 pounds at 20 cents, pure lard 14 to 17 cents, American cheese 28 cents per pound.
Shippers market lists steady prices for butter milk and creamery goods in Texas. Poultry rates hold with large hens at 7.50 to 9.00 dollars and medium fryers around 5 to 6.09 dollars. Turkeys bring 21 to 22 cents per pound with geese noted. packing stock and other items show limited variation.
Kansas City report lists Quotations for dairy and produce. Mean creamery milk firsts at 39 cents, pack at 40 cents. Poultry prices show hens 18 to 3 cents, roosters 1 cent, turkeys 25 cents, potatoes at 2 dollars 50 cents.
Chicago market notes show butter steady with creamery at 32 42 cents, eggs higher with firsts 44 45 cents and ordinary firsts 43 cents, potatoes unchanged with 12 carat receipts. Washington Colorado Idaho white around 2.35 to 2.40, Wisconsin white 2.30 to 2.40, poultry alive unchanged with fowls 20 cents and springs 22 cents.
Elgin Illinois February 10 butter market reports 25 tubs sold at 42 cents per pound.
Galveston marine intelligence reports arrivals of Bacol Tampicéd Cadiz and New Orleans to the port. Departures include Concho and El Cid bound for New York.
The weekly statement shows New York banks and trust companies hold 164,457,750 in excess reserves above legal requirements, down 1,010,790. Loans total 3,431,934,000 with declines across reserve components and deposits.
New York sugar futures opened steady and rose on cover, then eased to end unchanged to two points lower amid a 900 ton trading. March 4.63 May 4.03 July 4.08 September 4.12. Molasses 4.15 centrifugal 5.02 refined granulated 6.75.
METAL MARKETS NEW YORK, Feb. 10. Electrolytic copper remains unsettled but shows improved tone over the week. A few scattered lots are offered for nearby or second quarter delivery at about 33 to 35 cents, with nominal quotations. More activity exists for the third quarter with bids to 31 cents and some large agencies at 32 cents. iron prices were unchanged.
Government army authorities called for bids for about 1.0 million yards of cotton goods and 2.0 million yards of wool goods, boosting the market. Print cloths and sheetings sold lower while wool markets remained firm as dealers traded and stock readjustments occurred.
The report notes current price quotations for cotton seed oil in New York trading on February 10. No further details from the source text are available.
The Interstate Commerce Commission denied the Houston Chamber of Commerce the right to consolidate its case against the Atchison Topeka Santa Fe and other carriers with the livestock products case. The complaint alleges discrimination in shipping livestock products from Houston to Oklahoma points.
The comptroller of the currency reports December 27 bank calls reveal sharp resource fall in major cities led by New York City with a 200 million decrease and Chicago 15 million, while smaller cities show gains. Country banks gain about 759 million since May 1, 1916, signaling a broad diffusion of banking resources nationwide.
Analysis of twenty seven milk samples by the pure food department inspectors shows sixteen adulterated. The milk was watered and skimmed. Prosecution may follow.
Chicago merchants at the Board of Trade give up resisting payment of back taxes assessed under the emergency stamp tax act on transfer sales. United States District Attorney Charles F. Clyne reports the tax liability exceeds 3 million dollars.
The Senate interstate commerce committee approved a bill to allow American firms to establish joint foreign selling agencies, mirroring the Webb bill passed by the House. A passage attempt is planned within the current session.
In Mexico City on Feb 10 the price of Mexican gold rose as German banks and firms buy gold, while German houses close out their U S mining accounts in case of a U S Germany diplomatic break leading toward possible war.
United States Steel Corporation reports January 31 orders at 11,474,054 tons, down 73,232 from December 31. This marks the first decline after several months of increases, following December’s record unfilled orders of 11,547,286 tons.
Observations taken at 7 a m on Saturday February 10 1917 report below zero conditions with light winds under 10 miles per hour and precipitation under 0.01 inch. Allen Buell meteorologist Weather Bureau reports note not published for period.
Stock market opened uncertain with few gains in Marine, Atlantic Gulf and West Indies, Texas Company, Pittsburgh Coal, International Paper and General Motors offset by losses in utilities. United States Steel held firm while Bethlehem Steel fell, and overall activity remained light ahead of the holiday.
London market summary notes bar silver at 837 percent per ounce and money discounts at 4 percent. Short bills yield 5 percent six months 5 5 percent, with rates reflecting a cautious financial climate.
On Friday in New Orleans both rough and clean rice stayed steady with few changes. Receipts show 1050 sacks from mills and 584 clean pockets at 64 cents per pocket. sales include 2949 pockets of Clean Honduras, 700 pockets Japan, and 680 pockets Blue Rose.
Mercantile paper yields stand at 4 percent with 60 day bills around 4.72. Sterling rates show demand 4.75 and cables 4 7 6 7 16. Frances and guilders quotes listed with demand figures. Bar silver quoted at 77 1 2 cents and Mexican dollars at 60 cents. Government and railroad bonds described as irregular.
Northern live stock markets were generally quiet with cattle and sheep near steady and hogs unsettled, trading slowly from Fort Worth to St. Louis. Local Fort Worth market showed little change. calves dropped 25 to 60 cents. Receipts included cattle, calves, horses, hogs, with city trade modest. In Fort Worth cattle ranged 6.60 to 9.50 for steers and calves from 4.25 to 9.00. hogs slow. sheep and lambs reported slow with lambs at 12.50 and yearlings around 11 to 12.
Chicago markets report hog receipts 63 000 Monday 21 000 with strong bidding up to six cents above yesterday. Bulk hogs 12 3 12.45. cattle receipts 25 000 with native beef cattle 7 80 12 25 and calves 10 25 14 25. Sheep receipts 20 000 with wethers 10 60 11 80 and lambs 12 10 14 60.
Kansas City live stock market report shows hogs receipts 1000 head with price ranges bulk 11.90 to 12.85 heavy 12.30 to 12. csackers and catchers 12.00 to 12. light 11.65 to 12.06 pigs 10.00 to 11.50. Cattle receipts 100 market steady prime fed steers 11.25 to 12.00 dressed beef steers 9.00 to 11.00 southern beef steers 26.50 to 9.60 cows 5.50 to 9.50 heifers 7.00 to 10.50 stockers and feeders 7.00 to 9.75 calves 7.00 to 13.25. Sheep receipts none market steady lambs 12.60 to 14.40 yearlings 12.60 to 13.25 wethers 10.50 to 11.50 stockers and feeders 7.00 to 13.75.
Receipts of cattle and sheep listed with varied prices and market steadiness. Beef cattle range from 5.25 to 11.75 with native steers near 7.50 to 11.75. yearlings 6.50 to 11.50. cows 5.25 to 9.00. calves 6.00 to 14.50. Sheep show lambs about 12.75 to 14.76 and ewes 6.50 to 10.60. Cattle and hogs price notes include mixed and butchers at 12.25 to 12.60 and lights around 12.20 to 12.45.
Turpentine full 51 sales none receipts 3 shipments Resin firm with sales 1322 receipts 611 shipments 84 stock 78 51 warehouse A B Re Db E prices 6.05 to 6.20 and higher bids to 6.60 6.80 for various grades and buyers.
Senator Sheppard blocked an amendment by Senator Underwood to allow tick infested cattle from all southern countries to be admitted nationwide rather than only at the Texas border. Underwood and Broussard had pressed for broader access claiming Texas cattlemen held a monopoly. The move failed on a point of order, the chair ruling it general legislation attached to an appropriation bill.
New York figures show Danish West Indies imports to American consignees rose sharply in February. Dudley Field Malone, customs collector, reports January to February comparisons with totals: $195,540 from the West Indies versus $2013 year earlier, part of a broader January to February rise to about $128,345,000 in total imports.
Wheat futures climbed with May and July contracts rising as demand grew on rail and seaboard activity. Cash wheat moved higher amid crop damage reports from the southwest and hopes for improved railway facilities. Corn followed with gains as hogs and cereals supported provisions.
Chicago February 10 quotations show heat No 2 and No 2 hard nominal. Corn No 2 yellow 1.03 dollars. Oats Standard 67 to 68 cents. Barley 1.00 to 1.30 dollars.
Quotations for corn and oats listed with No 2 and No 3 grade prices in St Louis dated February 10 with No 2 rough and No 2 hard corn values shown and related slight variations in white corn and oat categories as reported.
Quotations list prices for agricultural products in Kansas City on February 10. Corn and rye values appear with mixed lots and various grades, including No 2 white and No 2 mixed, alongside other minor meat and grain figures.
In Kansas City trading on Feb data, May corn at 1.99 and 0.8 percent, July at 1.73 and 1 percent, July corn at 0.98 percent. The report notes shifts in futures prices across May and July contracts.
The wholesale price of eggs fell another cent on Saturday while Texas country candied eggs sell for 35 to 36 cents a dozen. Butter and poultry prices held steady though poultry receipts were lighter. Corn rose one cent with White Texas No 3 at 1.26 per bushel in job lots and 1.28 in car lots. Fresh fruits vegetables groceries provisions and mill products stayed the same.
A dense pricing table for wholesalers listing California and Colorado potatoes onions celery cranberries cabbage cauliflower peppers lettuce parsley egg plant sweet potatoes and more by the hundredweight crate box or pound. Includes oranges grapes peaches prunes dates apricots figs and canned goods with assorted regional prices and unit measures.
A market listing shows prices for grains meats and seeds with figures for oats corn chops wheat shorts and millet in car and job lots, plus diced variety prices for canned meats sardines and dried beans. Local notices include a cave-in rescue report and public ads for services and events in San Antonio.
The notice announces the event to be held Saturday February 10 featuring theatrical figures. Also filed is Mrs Antonia Burgs last will naming her husband Dr 8 Burg as sole heir. Will was presented Friday in County Clerk Newtons office. Burg died November 8 1915. Estate value not stated. Dulling Printing Co Cr 3338.
Federal Judge Duval West signed an order granting discharge in bankruptcy to H. M. Myers a Floresville dairyman. Recommendation by referee Frank H. Booth supported the ruling. Also notes that receivers of the Federal Bank & Trust Company were authorized to file suits for collection of certain notes due the institution and that a cigar stand sale notice was issued with payment due by February 28. Two Negro occupants suffered minor injuries in a River avenue car crash when the vehicle rolled over after hitting streetcar rails. A dance by the Five Star Social Club was scheduled for Turner Hall on February 11 with Willett's Orchestra advertised.
Two white youths aged 19 and 20 were held by police after being found armed with a loaded revolver and about two hundred rounds of ammunition. The men faced questioning as the investigation continued.
Former State Senator John C. Willacy of Nueces County now in San Antonio spent the day in Austin and was granted floor privileges. A proposal to rename Willacy County after him drew his no objection, signaling potential Senate pushback from supporters and cautious opposition from others.
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