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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 24, 1917
Page
7
The Union Stock Yards report Feb 24 that northern livestock markets were quiet and steady at all centers with hogs higher in St Louis. Receipts were light and cattle and sheep were scarce. the local market was dead. Traders foresee a firm, possibly stronger market next week, while arrivals were limited to three cattle, four calves, 42 horses, and 37 hogs for city trade.
Quotations from principal spot cotton markets show middling grade pricing for cotton delivered at markets. The report lists cities including San Antonio Houston Galveston New York and New Orleans with daily price movement shown as 16.45.
The cotton market opened steady with a small advance as mill takings and lower visible supply boosted sentiment. New Orleans held steady with minor gains, New York softened then recovered to near yesterday’s close, and San Antonio spots were incomplete in the report.
The cotton market in New York opened steady with some covering from fears of restricted exports. Near months climbed, March to 16.25 and May to 16.30, while October reached 15.97, then prices retraced to last night’s close amid scattered liquidation. Near-months later firmed again on short covering, May steady at 16.30 as new crop activity stayed quiet.
Fort Worth market reports show cattle receipts 175 with steers around 6.50 to 7.00, stockers 6.50 to 8.00, heifers 6.50 to 8.50, cows 4.26 to 7.00, calves 4.25 to 9.50. Hogs receipts 2 500 with prices near 12.10 for ton and 11.07 for bulk. Sheep receipts 1 with lambs 14.00, yearlings 12.00, wethers 10.00, ewes 9.00 to 10.00, goats 4.00 to 7.00.
New York price activity shows March at 16.14, May 16.27, July 16.32, and October 16.95. Futures later closed 3 to 15 points higher with a final of 15.97.
Chicago market report shows hog receipts 17 000 with prices from 12.70 to 13.00 for various weights and pig prices 9.50 to 11.25. Attire cattle receipts 500 with native beef 7.85 to 11.90, stockers 6.25 to 9.10, cows and heifers 6.15 to 10.20, calves 9.00 to 12.75. Sheep receipts 5000 with wethers 10.90 to 12.15 and lambs 12.35 to 14.60.
Receipts and quotations for cattle hogs sheep show a steady market. Prime steer prices range from 11.25 to 11.85 for dressed beef, cows from 5.56 to 9.25, heifers 7.00 to 11.00, stockers 7.00 to 10.25, and lambs 13.85 to 14.65 with yearlings 13.00 to 18.00, wethers 11.50 to 12.55, ewes 11.00.
In New Orleans on February 24, dull but steady trading pushed prices 4 to 7 points higher than the previous close. The market rallied on large mill purchases and a drop in visible supply, with March up five points and July eight points nearing session end.
New Orleans reports cotton trading steady with opening bids for March 16 and May 16 98 holding near prior levels. Futures close 4 to 6 points higher as the Liverpool market anticipates Monday open with mixed moves.
Receipts: hogs 5000 with mixed prices from 9.25 to 12.95 depending on grade, bulk around 12.65 to 12.90. Cattle receipts 400 with native beef steers 7.50 to 11.75, cows 4.25 to 9.00, yearlings 8.50 to 11.50. prime and Texas entries listed. Sheep receipts none, lambs 12.75 to 14.80, ewes 8.00 to 11.60, yearlings 11.50 to 13.65. Market generally steady for cattle and sheep, hogs higher.
The New York clearing banks and trust companies report total reserve in excess of legal requirements at 167,452,540 dollars, up 1,735,720 from last week. Aggregate figures include loans 3,481,667,000 dollars and reserves in vaults and the Federal Reserve, with specie totaling 175,182,100 dollars.
New York Friday reports show cotton goods quiet and fairly steady with yarns knit goods and wool markets firm. Ribbons were more active as trading pace quickened.
Turpentine firm reports 48 percent sales and 25 receipts with 172 shipments and stock 14 193. Resin firm shows 482 sales and 666 receipts with 37 shipments and stock 83 108. Quotations listed from A to W with prices from 6.00 to 6.79 dollars.
The Texas Department of Insurance and Banking licenses Century Life Insurance Company of Indianapolis with $200,000 capital stock and $99,677 surplus. It also licenses Commonwealth Life Insurance Company of Omaha with $100,000 capital stock.
New York reports January 1917 exports of domestic merchandise on ships totals about 302.1 million dollars, up by more than 231 million from January 1916. The surge reflects a strong increase in outbound goods from the port.
Elgin February 24 butter market shows all values at 49 cents as buyers and sellers hold firm.
A Weather Bureau meteorologist, Allen Buell, states that wind speeds under 16 miles per hour and precipitation below .01 inch are not published here. The notice sets thresholds for data reporting.
Yesterday had no measurable precipitation with a normal day rainfall. The report shows .09 inches for the day and a total since January 1 of 1.44 inches with a deficiency of 1.66 inches.
Huge export sales boosted the wheat market in Chicago with Europe purchases around 1 600 000 bushels mainly for the Belgian relief commission. May and July futures moved from slight declines to gains of about 1 to 2 cents as traders eyed large additional demand and expected convoyed merchant ships. Corn, oats, and hog prices showed mixed or modest movements.
Wholesale changes Saturday raise dry salt extras to 18 1/2 cents and bacon extras to 194 cents. Fancy breakfast bacon climbs to 29 cents and fancy hams to 23 cents. Bacon bellies 14 16 pounds average to 214 cents and pure lard to 19 cents. Butter eggs poultry and fresh produce plus seeds stay unchanged.
The note lists wholesale prices to trade for a wide range of produce and staples. Potatoes and onions from California and Colorado at 4.50 per hundredweight, tomatoes at 3.75 per six basket crate, berries, lettuce, oranges, bananas, dried fruits, coffee and sugar, canned goods, meats, and grains with numerous regional prices and unit measures such as per crate, per hundredweight, per bushel, and per pound. Several entries specify Florida Texas California sources and shipper terms.
Open high low and close figures surface for May and Sept contracts in Wheat Corn and Oats with varying percentages. May wheat hits around 178 175 percent, while Sept Wheat shows 138 139 percent. Corn May around 100 101 percent. Oats May around 66 65 percent, with July figures near mid-50s.
Quotations show cash wheat at No 2 red 1.80 1/2 and No 2 hard nominal. Corn No 2 yellow 1.01 1/2. oats standard 58 to 69 1/2. barley 1.00 to 1.28 per bushel.
In Kansas City on Feb 24 reports show wheat prices with No 2 at 1.87 to 1.91 and No 2 rai at 1.87 to 1.90. Corn mixed at 98½ to 99¼ cents and oats No 2 white at 52 cents with No 2 mixed around 5 to 5½ cents.
Kansas City grain futures ended with modest moves on February 24. Wheat May rose to 1.77 and July to 1.48, while corn May shifted to 3.814 and July to 0.984.
Wheat prices listed for No 2 red and No 2 hard varieties with cash market values in dollars per bushel. Corn quotes show No 2 and No 2 white with figures near one dollar, and a note on corn terms and conditions.
Local packing house quotations shared for dealers on Saturday with dry salt and bacon extras. Dry salt bellies average 14-16 pounds at 19 cents, fancy bacon at 23 cents, and bacon bellies 14-16 pounds at 21.25 cents. Pure lard 190, compound 15 cents, American cheese 25 cents per pound.
Shippers report varied prices with steady poultry and dairy values. Butter and creamery quotes show Texas rates with country creamery at 80 to 34 cents per pound and country at 25 to 28 cents. Hens and fryers range from 5.50 to 9.00 per unit, turkeys at 22 to 22.5 cents per pound, ducks 7 to 8 dollars per dozen, geese 12 to 15 dollars per dozen.
Quotations show butter at 32 to 46 cents per pound with creamery pricing detail. Eggs lower with receipts of 3662 cases and varied first and ordinary first prices. Potatoes unchanged with 28 car receipts. Regional whites listed at 2.70 to 2.85, Michigan and Wisconsin at 2.60 to 2.70. Poultry alive prices lower with fowls at 18 to 19 cents.
Kansas City market quotations dated February 24 show butter at 42 cents for bitter and creamery, firsts 40 cents, seconds 7 cents, packing 66 cents. Eggs: flats 3 cents. Poultry: hens 18 1/2 cents, roosters 6 cents, turkeys 25 cents. Potatoes 2 dollars 75 cents.
Rough rice in good demand and clean rice steady in New Orleans market. Receipts tallied at 5142 rough sacks 6142 millers sacks and 16081 clean pockets with sales including 1093 pockets of clean Honduras and 24642 pockets of blue rose. Quotations list rough rice at 3.00 to 5.66 with Japan at 5.66 and other prices unchanged.
Funeral services are set for Dr William A Hering 54 who died Friday at a local hospital with Rev Arthur G Jones officiating at 3 pm from 401 West Florida Street. Burial at Mission Burial Park with active pallbearers led by Richard Pruitt and Dr A L Curry. Mrs Flora Wolff will be buried in San Antonio after dying in New York with pallbearers Albert Steves Jr and Joe Frost active and many others listed as honorary.
Funeral services for John Carez, 34, were conducted at 4 pm from Zizik Undertaking parlors. Burial followed in Cemetery No. 1. A Kansas native, he had lived in San Antonio nine years and is survived by his widow. The service was under Sam Slouston Camp No. 55 Woodmen of the World, of which he was a member.
Nora Mullinix 32 died at 3 pm Friday at 120 South Street apartments. A Misouri native who lived in San Antonio four years from Arkansas she is survived by brother F. M. Mullinix. Funeral 2:30 pm Saturday at Sloan Hagg chapel. interment Mission Burial Park. Shelley Loring Undertaking Co. involved.
Fifteen year old Marcos Gutierrez of 1515 Colima street was struck by a motorcycle on West Commerce and St Marys streets while on the sidewalk Friday afternoon and suffered a scalp wound. The motorcycle rider was arrested by Policeman Foster on a charge of reckless driving. The bike mounted the sidewalk to avoid a heavy truck during a quick turn.
The Travis club roof garden will open for the season Saturday night drawing an expected crowd of 500 with over 300 reservations. A dinner will be served and dancing will fill the evening amid palms and lights.
New York Friday to Saturday session showed recessions of 3 to 2 points in many key specialties including Marine preferred Atlantic Gulf and West Indies Central Leather American Can General Electric Cuba Cane Sugar Inspiration Copper Texas Company Industrial Alcohol. United States Steel and some industrials eased less while New York and Reading stayed firm briefly before declines. Market activity remained dull with weak public interest and late selling.
Trading in Mexican money in San Arie nes Saturday featured quotations for silver pesos at 57 and half pesos at 53. The record mentions state and national bank notes and references Carranza money and Bank of London and Ww.
New York on February 24 reports mercantile paper at 4 percent with sterling sixty day bills at 472, commercial sixty day bills on banks 472, commercial bills 4714, demand 475, and cables 4 16. Guilders demand 40s, cables 401 16, Rai silver 0 percent, Mexican dollars 59 percent. Government bonds show weakness and railroad bonds show irregular trading.
London market bulletin shows bar silver at 87 percent per ounce and money at 4 percent. Discount rates list short bills at 5 percent and three months at 5.14 percent.
Market rumors about government reentry into the copper market are unclear but domestic buyers have largely cleaned up on electrolytic for delivery. Demand over the week is modest with spot and nearby quotations around 33 to 35, third quarter at about 31 to 32. No firm transactions are reported beyond these ranges.
New York sugar notes on Feb 4 show 4000 bags offered in raw easier trade with mcleases at 4.1 18 per bag and unsettled gains in fine granulated sugar amid cautious activity on the market.
New York February 24. Coffee futures eased with March at 7.65 and July at 7.08 on the MA & Rie market session as traders posted modest declines and minimal early activity.
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