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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 19, 1917
Page
9
The cotton market was quiet yet offered little supply and moderate demand, lifting prices early. New Orleans and New York showed gains as traders covered and bought. Mardi Gras closures kept New Orleans in a holiday mood and San Antonio spots rose to 15.70.
In New York trading the cotton market showed light offerings and a sharp price advance. May rose to 16.31 with gains around 31 points, October hit 16.04, and overall activity cooled after early buying, with prices firming late as short covering continued.
New York cotton futures opened steady with March at 15.90, May 16.05, July 16.19, October 15.77, and December 15.90. Futures closed 31 to 34 points higher. Liverpools due to open Tuesday from 1 to 7 points up. The 11 o'clock call shows July 116.92 and October 116.92.
Moderate buying and slender offerings pushed New Orleans cotton higher in early trading as cables topped due. Bullish interior spot tales and local hedged demand boosted confidence, with noon prices showing a 34 to 38 point gain and a steady, dull market thereafter.
Toward 1 30 o clock the market stood 32 to 85 points over the final quotations of last week indicating a steady rise through midday. The report notes gains across multiple securities and suggests cautious optimism among traders.
The New Orleans cotton market opened quiet and steady with March at 15.70, May 15.72, July 15.72, October 15.23 and December 15.33. Futures closed 30 to 40 points higher with Mar May Oct gains of about 1.15.58 15.49 16.17.
Liverpool spot cotton held firm on February 19 with good middling at 11.00d, middling 10.90d, low middling 10.72d. Sales reached 8,000 bales with 2,000 for speculation and export. receipts were 15,000 bales.
Futures in Liverpool show firm tone on Feb 19 with prices for successive contracts. Notable quotes include February 10.60d, February-March 10.57d, March-April 10. yt April-May 10.50d and other near term spreads ranging from 10.47d to 9.50d.
Fragmented items list port statistics for U S ports including Galveston Houston Texas City New Orleans Mobile Savannah Charleston Norfolk Boston Philadelphia and others with numbers and garbled text.
Iron and steel mills report ongoing fuel and material shortages but note some improvement in railroad car supply. Railroads booked 63 locomotives recently and orders since Feb 1 exceed 000. Mills signed 72,000 tons of standard sections and 22,000 tons of structural steel. Ship orders total 100,000 tons of plates and shapes. Domestic pig iron sales reach 80,000 tons in the week.
Marine intelligence from Phycetown Texas lists arrivals and departures including El Valle and Mexicano. In Washington DC the Interstate Commerce Commission sustains Southern Rice Growers Association complaints about railroads canceling milling in transit in Texas and Louisiana and orders restoration of the arrangements with a two cent milling in transit charge deemed reasonable.
New York report notes No. 7 Rio coffee priced at 16 cents, with market activity details limited to the stated price.
Contracts for about 80 percent of Utahs April wool clip totaling an estimated 15 million pounds have been signed at 30 to 88 cents per pound. The price marks the highest market in Utah. Idaho and Wyoming fetch longer fiber wool at 36 to 40 cents a pound, with some at 41 cents.
New York February 19 cotton seed oil quotations listed market figures with varied prices and volume totals showing 8,800 and 12,700 units noted in the report.
Wheat rose as neutral shipping tieups ease and Dutch plans to open 100000 barrels of flour shared bullish weight. May and July futures climbed with corn and oats also aided by export sales and stronger railway outlook, while light lard stocks kept provisions firm.
Quotations to day show No 2 red wheat at 1.80 No 2 nara nominal. Corn No 2 yellow 1.02 Oats standard 69 Barley 1.00 to 1.30.
Kansas City quotes show mixed grain futures with prices for No 2 hard and No 2 red winter varying. Data include cash grain values and futures, noting May and July positions with small gains and losses as markets closed.
In St. Louis on February 19 quotations for Wheat show a 2 red at 1.90 per bushel, No 2 hard at 1.58 1 5, No 2 white unspecified, Rye No 2 nominal. Market details reflect early price notation and commodity names.
Cotton goods remain steadier with conservative buying focused on nearby needs. Mills and finishing firms stay busy though forward orders are down from four months ago. Government army orders boost cotton duck and heavy goods. print cloths and sheetings hold firm while colored cottons rise slightly. Coal and dye costs lift production costs amid firm price resistance. spot stocks are light and international tensions keep some market hesitation, though overall confidence improves.
Today orders list Captain Robert Donald of Texas University delivering lectures on medicine and camp sanitation at Crockett Fort. Captain Henry R Richmond and Captain William N Michel of field artillery and cavalry are assigned to Fort Leavenworth and Neola. Major Walter M Whiteman extends leave of absence ten days in the quartermaster corps.
A juvenile suffragette recounts seeing a mother bird feeding her young in a nest. She describes the scene as disturbing noting the birds were being forcibly fed.
Shippers report varied prices Monday to retailers with commissions excluded. Poultry futures show hens large at 7 dollars, medium and small ranges. turkeys around 12 dollars per dozen. ducks and geese priced up to 16 dollars per dozen. Texas creamery and country grade quotes appear, with market steady on several livestock lines.
Quotations today show butter lower with creamery at 32 cents and firsts at 40 to 41 cents. Receipts numbered 2187 cases. potatoes down with 62 cars received. White wheat prices ranged 2.50 to 2.65 per bushel in several states. poultry alive steady with fowls and springs at 20 cents.
Kansas City market notes show butter prices at 42c for creaming, 40c for firsts, 37c for seconds, packing stock. eggs at 50c for firsts. poultry at 13c for hens, 16c for roosters, 25c for turkeys. potatoes priced at 2.55 to 2.60 per unit.
Local quotations to dealers list dry salt extras at 174 percent, bacon extras 19 percent, dry salt bellies 14 pound average 19 percent, fancy breakfast bacon 28 cents, fancy hams 22 cents, bacon bellies 14 to 16 pound average, Pure lard 18 percent, compound 1 pound, American cheese 28 cents per pound.
The National Aquarium Society of America displays 200 varieties at its exhibit with baby veiled tails selling for 25 dollars and prized goldfish reaching high prices. Breeding quality is tight with veil tails rare. snails aid balanced aquariums. The group urges Congress to ban globe bowls, advocating square tanks to reduce fish deaths.
At Union Stock Yards on February 19 the northern market weakened. Cattle held steady at Fort Worth but eased in Chicago and Kansas City. hogs unsettled with gains at Fort Worth and losses at Chicago Kansas City and St Louis. sheep steady at Fort Worth and weak elsewhere. Receipts showed 71 000 hogs in Chicago and local totals across cattle calves horses hogs and sheep.
Fort Worth Texas February 19 cattle receipts 3800 market steady steer prices 6.50 to 10.00 stockers 6.00 to 8.00 heifers 36.00 to 5.60 cows 4.25 to 7.76 bulls 4.25 to 6.50 calves 4.60 to 1.00 hog receipts 8000 market 6 to the higher bulk 11.00 to 11.50 top 11.70 sheep receipts 1700 market steady lambs 13.00 to 14.00 yearlings 12.00 to 18.00 wethers 10.00 to 10.50 ewes 9.00 to 10.00 culls 6.50 to 7.50 goats 4.0 to 7.00
Chicago reports: hogs receipts 71 000, market slow five to ten cents under Saturday’s average with various classes priced from 9.25 to 12.45. Cattle receipts 26 000, market weak native beef cattle 7.75 to 11.90, stockers 6.15 to 9.19, cows and heifers 5.10 to 10.25, calves 9.75 to 13.75. Sheep receipts 23 000, market weak wethers 10.85 to 11.90, lambs 12.26 to 14.65.
Receipts and price ranges for hogs cattle and sheep at Kansas City show hogs 12 000 head with prices 11 50 to 12 35, cattle 14 000 with prime fed steers 11 25 to 11 75, dressed 9 00 to 11 00, and calves 7 00 to 13 26, sheep 15 000 with lambs and yearlings trading lower and a wide spread in prices.
Receipts 13 000 hogs and 5500 cattle with slow market and varied prices. Hogs ranged from 9 25 to 12 50 with most mid range. Cattle included native beef steers 7 50 to 11 75 yearlings 8 50 to 11 50 cows 5 50 to 9 50 and prime southern beef steers 8 00 to 11 00. Sheep receipts 1500 with lambs 12 74 to 14 75 and ewes 8 09 to 11 50.
Raw sugar nominal levels for centrifugal and molasses show modest declines as commissions close lower on renewed Cuban condition reports. Refined sugar rose 25 points earlier but closed mixed. various sugar products range from 8.40 for cut loaf to 7.10 for No 1. Trade notes easier sentiment at noon.
A pert flapper chats at a dinner party with a young Scotsman who boasts of his home country’s cleverness. He quips that expatriates are screened to uphold dignity, prompting her playful accusation that he was smuggled out.
U S Department of Agriculture Weather Bulletin notes 7 am observations February 19 1917 by meteorologist Allen Buel. Wind speeds under 10 mph and precipitation under .01 inch are not published.
In New York the stock market opened with gains and a generally stronger tone after a weekend without untoward events. Industrials, coppers, oils, and shipments rose. Bethlehem steel and MarRines eased. Strong gains of 2 to 5 points for Harvester, Colorado Fuel, and fertilizers helped push a final hour rally.
New York market notes show mercantile paper at 441 percent and sterling bills at 472 for both 60 day and commercial 60 day. Francs demand 585 with cables 584, Guilders demand 404 with cables 409. Bar silver 78, Mexican dollars 60. Government bonds steady, railroad bonds irregular.
New York price quotes show time loans for 60 and 0 days at 3 to 4 percent with six months at 4 percent. Call money remains steady with high around 2 1/4 and low near 2. The closing bid and offered levels reflect a cautious lender stance in the late session.
On Feb 19 metal markets in New York and London show lead strong and spot copper steady. East St Louis delivery quoted 10 percent, electrolytic copper firm with nominal spot and near term. third quarter demand improves at 31 to 32 dollars. Iron steady with No 1 northern 32 four to 23 dollars and tin futures around 196 pounds per ton.
Market notes show California and Colorado potatoes up, celery and lettuce higher, Cuban tomatoes lower, apples and berries up for Ben Davis Wine Sap and Blac's Twig. Sugar advances 50 cents, beets and beans rise, no changes in butter eggs poultry provisions seeds or hides. A Paris doctor cites yeast diluted with warm water as a burn remedy.
The list shows wholesale prices to traders for many produce items. Potatoes in California fetch $4.75 per hundredweight, Colorado $4.50. onions $11.00, celery $1.25 per dozen or $6.50 per crate. strawberries in Texas $7 per crate. oranges in Florida $3.50 per box. cucumbers and peppers with varied rates. and canned fruits and meats with wholesale quotes across multiple states and pack sizes. The document reflects a broad pricing table for fresh produce, grains, and canned goods.
Dublin reports twenty one thousand multi family rooms in the city where eight or ten people share a space. Once built for single households in prosperity, kitchens now rent for one to one fifty per week as mahogany doors and grand ceilings adorn a poverty stricken landscape.
London reports British light armored cruisers fought in close quarters with German forces on January 3 in East Africa. The British ships silenced enemy fire and suffered no crew casualties but retired after a radiator failure and boiling boilers. Prisoners released from East Africa indicate Germans still hold several British and Belgian servicemen and are hemmed near Mahengi after retreating south of the Central railway.
The article notes churchyards across England being pressed into agricultural use to boost food production. It claims hundreds of acres could remain unused for burials for years and describes a rapid nationwide spread of the sentiment. A juvenile anecdote about eight year old Jack is included in a fragmented tale.
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