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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 27, 1917
Page
9
Quotations for middling cotton are listed for San Antonio Dallas Galveston New Orleans and New York with mids at 18 delivered to markets. Liverpool shows a price of 11.43 pence per pound for 7,000 bales.
Detailed reports on the sinking of the Laconia stirred nerves in the cotton market. Dry western weather and strong Liverpool buying helped push prices up, with March shorts covering amid squeeze rumors. New York closed steady up to 4 points. New Orleans rose 6 to 51 points. San Antonio spots at 16.25.
Detailed reports on the Laconia sinking buoyed bullish views in the New York cotton market. Liverpool activity steadied prices as March shorts covered, lifting near and old crop prices while new crop held steady with limited offerings and late-day strength.
New York cotton futures opened quiet and steady with March at 16.40, May 16.40, July 16.39, October 15.87 and December 15.95. Futures closed 13 to 54 points higher for Mar May July Oct, with quotes around 1689 1607.
Tuesday February 27 1917 unsettled tonight colder with Wednesday fair East Texas unsettled colder with freezing north portion Wednesday generally fair precipitation yesterday none .09 inch daily deficiency .09 inch total since January 1 1.44 inches deficiency since January 1 1.84 inches
Futures closed six to fifty one points higher amid varied quotes for May, July and October contracts. Prices range from 15.40 to 16.48 with notable levels at 16.10 and 15.93 as traders digest demand and supply signals.
Spot cotton values listed for February 28 with good middling at 11.534 cents per pound and middling at 11.434, flow middling 11.25. Reports show 7000 bales current, 700 held for speculation and 6100 bales of other stocks.
Futures firmness shown in Liverpool with quoted spreads for contracts from February 11.074 and February-March 10.994 through to February-March 9.82d, detailing steady markets across monthly pairings.
Bates Galveston reports 1403, Houston 8800, New Orleans 2898, Mobile 978, Savannah and Charleston about 816 and Wilmington 40, Norfolk 84, New York and Boston 360, totaling 13,638. Stock figures compare with last week and last year with a season deficit noted.
Liverpool is due to open on Wednesday with a ten point lead as an 11 o'clock call notes New York in March and signals ongoing developments.
The La conia disaster restricted cotton business in New Orleans trading. Early prices for old crop months rose 1 to 3 points but fell to a net decline of 2 to 11 points after the call. March showed strength with a 27 point rise, others up 7 to 20 points. noon saw renewed demand as spot buying returned and unhedged cotton was sold for the first time in a month. By 1:30 the market gained 13 to 46 points, closing steady with a net advance of 4 to 51 points. March price at noon stood around 16.15.
Egas declined two cents to 39 31 per dozen in Texas country candled, with weak market despite high receipts. Turkeys slipped to 21 22 cents per pound as receipts rise. other poultry light and firm. Butter steady. Texas cabbage rose another dollar to per hundredweight. No wholesale price changes in groceries provisions seeds grains or mill products.
Market notes show butter and creamery prices holding steady with butter at 30 to 34 cents per pound and country creamery at 26 to 28 cents. Poultry values remain steady with large hens around 7 dollars a unit and turkeys listed at 21 to 22 cents per pound. other figures include pack stock 24 to 25 cents, geese 12 to 15 dollars per dozen, and various small lot entries from local shippers.
Chicago market daily prices show butter unchanged with creamery at 32 40c. Eggs lower with 4573 cases received. firsts 22 32igc, ordinary firsts 81 31%c at mark. Potatoes higher with 25 car shipments. White onions from several states quoted at 2.75 to 2.85. Poultry alive steady with fowls 18% cents and springs 18% for the day.
Kansas City market report lists butter at 42c for creamery, 40c for firsts, 37c for seconds, and 2 Eyes packing. Poultry prices show hens 18c, roosters 15c, turkeys 25c. Potatoes quoted at $2.90.
Local packing house quotations listed for Tuesday cover dry salt extras at 18 c, bacon extras 18 1 2 c, dry salt bellies 14 16 nd average at 19 c, fancy breakfast bacon 29 c, fancy hams 23 c, bacon bellies 14 16 pound average 2144 c Pure lard 19 c, compound 16 c, American cheese 28 c per pound.
Lead firm in New York at Spot East St Louis delivery up 10 percent. Spelter dull. London metals report lead at £30 108 and spelter £47 on Feb 7, with market notes from London and New York.
Galveston dispatch notes ships arriving include the Boren from Sweden, Cardenas from an unspecified port, El Paso, New York, Barcelona ships from Spain, and Hercules with routes via Havana, plus Banderas and Barce ona from Spain.
Raw sugar nominal prices listed with Centrifugal at 5.02 and molasses at 4.15. Refined sugars steady. Fine granulated quoted to 6?c. Cotton goods quiet and steady, yarns firm, spring dress goods in active demand, burlaps and raw silks steady.
New York price notes show cotton seed oil quotations and steady coffee futures on February 27 with No 9 percent futures for March at 7.73 and July contracts unchanged.
New Orleans reports rough rice at steady to firm levels with good receipts and strong sales. Prices listed include rough Honduras at 3.25 per hundredweight and clean rice around 3.70 to 3.75, with various varieties such as blue rose and Carolina shown in pockets and sacks.
A certificate of authority to do business in Texas was granted today by the state department of insurance and banking to the First State Bank of Tehuacana in Limestone county. Its capital stock is $10,000.
Turpentine firm activity shows sales 54, receipts 27, shipments 12 with a totals board of 4844. Additional notes cite sales 299, receipts 285, shipments 489, stock 77732 and price quotes from multiple dealers, indicating varying quotations around 5.85 to 6.45 per unit.
The Interstate Commerce Commission approved higher freight rates on iron and steel from Chicago and Pittsburg to Pacific coast terminals for export, effective immediately.
Chicago buyers reported hog prices at the Union Stock Yards rising from day to day with heavy hogs bringing as high as 13 dollars and 30 cents this morning, marking a fresh record after earlier peaks.
The northern cattle market remained steady except in St Louis where it showed strength. Hogs rose at all centers while sheep were unsettled with Chicago weak and St Louis firm. Receipts were near average with San Antonio yard counts listing cattle 505 calves 14 horses 121 hogs 231 and city trade figures 493 cattle 14 calves 122 hogs.
Fort Worth cattle receipts 5100 steady prices steers seven dollars stockers six to eight fifty five heifers six to three fifty cows four fifty to seven bulls four fifty seven calves four fifty to nine fifty. Hogs receipts 8000 higher bulk twelve twenty five to twelve sixty top twelve seventy. Sheep perit five lambs thirteen to fourteen, yearlings twelve to thirteen, wethers ten to ten fifty, ewes nine to ten, culls six fifty to seven fifty, goats four fifty to seven.
Receipts and quotations show hogs at 20000 head with a strong higher market and prices for bulk and light, cattle receipts around 6000 with steady market and various beef and stocker prices, and sheep and lambs market weak with prices listed for mothers and different lambs. The report details hog price ranges and category notes, along with cattle and sheep market standings and representative bids.
Receipts and prices for Hogs Cattle and Sheep listed. Hogs bulk 12.80 to 13.20, heavy 13.05 to 13.26, light 12.60 to 13.00, pigs 9.75 to 11.60. Cattle prime fed steers 11.25 to 11.75, dressed beef steers 9.90 to 11.00, cows 5.60 to 9.50, heifers 7.00 to 11.00, stockers 7.00 to 10.25. Sheep lambs 13.75 to 14.60, yearlings 13.00, wethers 11.50 to 12.50, ewes 10.75.
St Louis Mo February 27 hog receipts 11 500 market higher lights 12 90 13 20 pigs 9 25 mixed and butchers 13 00 13 40 heavy 13 25 13 35 bulk 13 00 13 20 cattle receipts 4000 market strong native beef steers 7 50 11 75 yearling heifers 8 59 11 50 cows 5 5 0 stockers 6 00 9 00 Texas branded cattle 5 50 9 0 prime southern beef steers 8 00 11 00 beef cows 4 25 9 00 prime yearling steers 7 50 10 00 native calves 6 00 sheep receipts market steady to strong lambs 12 75 14 4 ewes 8 00 11 60 yearlings 1 65
Observations taken at 7 am on Tuesday February 27 1917 by the Weather Bureau with Allen Buell as meteorologist. Wind speeds under 10 mph and precipitation under .01 inch are not published.
Chicago on February 27 saw no grain trading as the Board of Trade closed due to a city strike. An Italian chemist's oil extraction process for citrus fruits is claimed to leave the oils chemically unchanged and may revolutionize the industry.
Whitelaw Reid recalls two New York friends who moved to a Massachusetts village and chose burial plots. The husband worries a hill is hard to climb while the wife favors a lower, lake‑side site. They debate, then agree on a final resting place that seems the most somber, mysterious spot in the cemetery.
New York details show early trading reflecting international tensions with United States Steel Utah Copper Marine preferred Atlantic Gulf and West Indies Industrial Alcohol and Cuba Cane Sugar down 1 to 2 percent. Rebounds appeared later as steel and other leaders rose while rails and shippings dragged, closing heavily with broad declines across sectors.
Time loans steady in New York on February 27 with 60 days at 3 percent, 90 days at 4 percent, six months at 4 1/4 percent. Call money steady with a high of 2 percent, low of 2 percent, last loan 2 percent, closing bid and offered at 2 percent.
New York markets show mercantile paper at 4.4 percent and sterling bids at 472 for 60 day bills on banks. Commercial paper 60 day bills 472, demand 475, cables 471.5. Guilders demand 40, cables 407-16. Bar silver at Tze, Mexican dollars 59.5 cents. Government bonds steady, railroad bonds irregular.
London currency bulletin shows bar silver at 37140 per ounce and money rate at 4 percent. Discount rates include short bills at 54 and 4% percent and three months at 5% percent.
The government war risk bureau reports rising applications from American ship owners in the coastwise trade. Since opening, policies total 230 million dollars with 3.6 million in premiums and about 800 thousand in losses. salvage reaches 60 million. plans include transferring lightship service to the army and navy and equipping lighthouses with phones and wireless as Secretary Redfield seeks 250 thousand dollars.
A young husband with a rough start to marriage tells his wife Tilda he has insured his life. She accuses him of putting himself first, insisting that he is always out for himself even as he tries to show affection and care.
Rev Father James Quinn leads daily Lenten services at St Marys Catholic Church starting 1 10 p m lasting fifteen minutes. Each session includes a five minute talk, brief prayers and benediction. Open to the public, aimed at workers giving up luncheon time. Chicago priests to conduct later in Lent.
A five student party from the University of Texas School of Business Administration led by City Purchasing Agent Ray Mackey visited city storehouses and learned accounting methods. Dr. Spurgeon Bell accompanied the group and spoke to the Manufacturers' Club at the Gunter Hotel after dinner. The tour includes visits to local gel manufactories and related firms.
Druggists refund money if PAZO Ointment fails to cure itching bleeding or protruding piles. Application gives relief in 14 days. 50c. Ad appears.
In January 1935 Austin records 3235 deaths and 4674 births. Pneumonia led with 433 deaths or 13.8 percent, followed by tuberculosis at 3831 deaths. Other notable totals include Bright's disease 5.1 percent, influenza 4.4 percent, and accidents 4.7 percent. Five deaths were over 100 years old and ten over 90.
Rafael Nieto and Federico Valdez of the Carranza treasury depart arrive in Laredo en route to Washington to seek funds for the Mexican government. They offer no comment on their task. It is reported railroad shops at Nuevo Laredo may move to Saltillo forcing 400 families to relocate or face unemployment.
Announcement from Geo A Lowther seeks support in the upcoming municipal election for police and fire commissioner. Includes a general political advertising note and a health related anecdote about a convalescing invalid on a veranda. Also lists Harlandale Hot Sulphur Baths ad and a stray mule and horse notice with reward for return to Fort Sam Houston Depot.
Mabel shows a strong fascination with Abraham Lincoln, admiring her grandfather who claims to have met Lincoln. He recalls the old days and insists he is much older, prompting Mabel to ask how well he can remember the famed president.
In San Juan Governor Yager urged island planters to grow vegetables and fruit for home use as war risks threaten supply. He noted most staples and exports rely on imports and warned price hikes burden the poor. A season’s first agricultural strike sees 25 000 cane field workers striking for a $1 wage and an eight hour day, same demand as last year.
Three all steel street cars arrived from St Louis on Tuesday morning for the San Antonio Traction Company. Two more cars are en route and expected by Saturday, completing the purchase of thirty cars made last September. Ten cars are in service on the Prospect Hill line. others are being loosened by mechanics. Vice President W B Tuttle said more cars will be assigned to routes next week with lines yet to be chosen.
Workmen at Brackenridge park build an electric waterfall above the ford linking Brackenridge and Otto Koehler parks. A solid dam will raise lambert beach water level by canal gates and include waterproof cable lights beneath the dam crest.
Boston Transcript reports broker Graynes-Lamb seeks to sell ten thousand bushels short, asking how much he can afford to drop. The note hints at a drop and options in the deal.
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