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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 28, 1917
Page
11
Galveston reports an embargo effective yesterday on rice shipments through the port to New York and beyond by the Mallory line in cooperation with railroads. The Morgan line embargo, already in effect, also covers rice along with other commodities.
The spot cotton markets show nervy, unsettled trading with Liverpool's break easing late morning. New York and New Orleans ran quiet to irregular with modest losses, while San Antonio quoted at 16.28 cents amid fluctuations.
The Court of Criminal Appeals affirmed Judge Anderson of Bexar county denying bail to L. D. Webster who is charged with the killing of Doctor G. W. Emory. Webster had sought a writ of habeas corpus but the higher court affirmed the trial court’s decision.
In San Antonio and New York markets the day’s quotations show Mexican currencies led by silver pesos at 67 and half pesos at 53. New York mercantile paper steady with sterling at 4.72 for 60 day bills and 4.75 on demand. bar silver at tie and Mexican dollars at 59 1/2 cents. Government bonds were steady while railroad bonds were heavy.
The New York cotton market opened steady then declined on Liverpool selling and liquidation. Prices fell from early strength to about 16.63c for May and 16.58c for July, with the new crop near last night’s close as traders watched shipping outlook and demand in North Carolina.
Cotton futures in New York opened steady with March at 16.76 cents, May 11.60 cents, July 16.86, October 15.95, and December 16.06. They closed 12 points lower amid mixed intra session activity.
New York on February 28 reports time loan terms 90 days at 3 percent and six months at 4 percent. Oral money steady with high 214 and low 24. Ruling rate at 2 percent and last at below 24 percent. Closing figures show pid 2 percent and offered 244.
London markets report a bar silver price at 37 4 per ounce and money at 44 1 2 percent. Discount rates show short bills at 5 to 5 1 2 percent and three month bills around 6 to 5 1 2 percent.
A fragmented market note shows Liverpool remaining five points behind and an 11 o'clock salt and followa entry. The text references New York calls, March, and fluctuating figures for May July and October contracts with small shifts.
Poor cables and political uncertainties pushed cotton futures down 9 to 21 points at opening in New Orleans. Fresh buying spurred a recovery to within 1 to 4 points of the previous close. March led declines about 20 points earlier, with other months 12 to 15 points lower. The market remained irregular through the afternoon with a 2 to 12 point decline at 1:30.
New Orleans reports cotton opens steady with March 11 at 20 cents and May 18.26, July 16.14, October 15.48 cents asked, December 15.61 cents. Futures close 3 to 13 points lower with March May July Oct positions at 15.58 15.48 15.54.
Chicago reports a strong wheat market with May at 1.81 and July at 1.54 as traders priced in railroad car supply and favorable naval charter activity. Corn gained on hog-market strength while oats rose. cash buyers were active and provisions hit new high quotations, with Civil War price comparisons noting potential gold-basis value.
Chicago price report shows May July and September wheat quotes with open high low and close figures. Figures include percentages around 1.6 to 1.8 in May and September contracts and minor changes across months.
Chicago market report notes No 2 red wheat and No 2 blue no bid. Corn prices show yellow at $1.01 and oats standard at 58 to 64 cents. Barley quoted around $1.00 to $1.48.
RAMRAS CITY Me February 8 cash wheat prices show No 2 red at 1.88 to 1.92 dollars per bushel and No 2 white at 9. suiting the era. corn bids range No 2 mixed at 98⅝ to 99 cents, No 2 white at 58 4/5 to 74 5/8 cents.
In Kansas City on February 28 grain futures closed with Wheat May at 1.79 and July at 2.51 while Corn May at 99 and July at 99.
Cotton spot in moderate demand in Liverpool on Feb 2. Good middling sold at 11.60 cents per pound, middling 11.70, low mid 11.42. Total sales 7,000 bales including 5,900 American and 1,000 for speculation and export.
In St Louis on Feb 28 Wheat prices ranged No 2 hard at about 1.91 to 2.02 dollars and No 2 white around 1.01 to 1.10 dollars while oats listed as No 2 and No 2 white at a nominal level with broader price hints across the grain market.
Futures in Liverpool closed steady with figures for March through next February. Notable margins show March 10,994 and several two month spreads around 10.9d to 10.8d, with official noon close at 11.18d for February and 11.09d for February-March.
The Interstate Commerce Commission suspended Shreveport Texas and related routes carload rates from March 1 to September 1 and earlier held rates from November 1. A Fort Worth hearing is scheduled for April 16 with Examiner Watkins hearing carrier and shipper testimony.
Market notes show shipping prices and poultry values across Texas. Butter steady at a referenced range. Creamery butter 30 34 cents per pound, country 26 28 cents. Hens large 7.60 9.00, medium 6.25 6.76, small 6.50 5.00. Large fryers 6.00 7.00, medium fryers 5.60 6.09, broilers 3.6 4.00. Ducks 7 8 per dozen, geese 12.00 16.00. Product mix and pricing for shippers indicate fluctuating commodities.
Quotations for butter and poultry hold steady while eggs decline. Receipts total 2560 cases with firsts at 39 cents and ordinary firsts 27 to 28 cents. Potatoes drop with 25 car receipts. Regional white corn prices range from 2.60 to 2.80 a bushel. Fowls and springs unchanged at 18 to 19 cents.
Quotations today show Butter Creamery 42c firsts 40c seconds 38c packing 26c Eggs 1sts 27c Poultry Hens 18¢ Roosters 15c Turkeys 26c.
Local packing house quotations listed for Wednesday include dry salt extras at 18 ̶c bacon extras 19c dry salt bellies 14 ree age 19c fancy breakfast con fancy hams 23c bacon bellies 14 16 pound average 21 4c Pure Jard 19c compound 15c American cheese 28e pound.
The report lists bales stored at multiple ports including Galveston Houston Texas City New Orleans and Savannah with totals for ports and stock figures. It notes yesterday and last week stock levels and compares to the previous year, showing a season deficit of 209 625 bales.
Readable figures show total receipts and shipments across Augusta Maine and Memphis Tennessee. Stock levels and values are listed with multiple numeric entries indicating totals and per-branch figures.
Today’s army orders name guard officers attached to regular infantry regiments. James P Beatty, Cecil R Daniel, Harry C Heitmeyer, John C Bohan, and Edgar B Hawkes report by telegraph to the Southern Department for assignment. Also listed are Captain J Ely and Phillip W Booker. Removed from detached list are Captain James S Greene and Captain George M Brooke for reassignment to Fifth Field Artillery.
Observations taken at 7 a.m. Wednesday February 28 1917. Wind velocities under 10 miles per hour and precipitation under 0.01 inch are not included. Allen Buell, Meteorologist, Weather Bureau.
Waynesboro Tennessee February 28 J G Stricklin 42 a land agent and trader was shot from ambush on a main street last night nine buckshot entered his body below the heart and he died soon after a coroner s jury investigates a new automobile windshield resembles two ship s portholes side by side both openings usable
New York sugar prices show firm movement with raw sugar for February shipments at 25 000 bays and second half March availability for centrifugal 527 and molasses 440. Refined sugar remains firm with fine granulated at 7 8e.
In New York on February 28 coffee futures were slightly weaker with March at 7.60 cents and July at 7.78 cents. The brief trading session showed little movement as market activity remained subdued.
At Union Stock Yards February 28 the northern cattle market was a touch better than steady while hogs climbed 10 to 20 cents at Fort Worth. Sheep stayed near steady with moderate receipts across cattle 24 head, calves 23, horses 72, hogs 268. city trade hogs 208 and cattle 12, calves 62.
Fort Worth Texas reported cattle receipts around 12 000 head with bulls cows calves and stockers showing varied gains. Bulk price around 12 1 2 dollars, top 12 90. Sheep and lamb markets listed with lambs at 13 00 14 00 and yearlings around 12 00 to 13 00.
Chicago market data for February 28 shows hogs with 30,000 head receipts and varied values from 10.25 to 13.55 for pigs and hog classes. cattle receipts 13,000 head with native beef cattle at 12.15 and cows and heifers 5.30 to 10.30. calves 28.00 to 10.30. sheep receipts 14,000 head with wethers 10.75 to 12.00 and lambs 11.85 to 14.40.
Receipts and quotations show hogs with 9000 head and higher bids. Cattle receipts around 4000 head with strong gains. prime fed steers near 11 dollars, dressed beef at 9 to 11 dollars. Lambs and yearlings around 13 dollars, wethers about 12 dollars, ewes 10 to 12 dollars.
Receipts total 9500 hogs with higher bid ranges and mixed categories. Hog prices run from 9.50 to 13.60 with various weight classes. Cattle receipts 3300 head steady with native beef steers 7.50 to 11.75, cows 5.50 to 9.50, yearlings 8.50 to 11.50, prime southern steers 8.00 to 11.00. Sheep receipts 650 head steady with lambs 12.75 to 14.50 and ewes 8.00 to 11.50.
Southern fertilizer interests pressed the car service commission of the American Railway Association to suspend for 60 days the penalty for each empty foreign car not routed back to owner lines during March through May. They urge use of cars on southern lines from other roads to move fertilizers. The commission pledged to confer with southern road officials and seek relief action.
New Orleans rice trade shows strong demand with steady receipts totaling 11,887 sacks rough and 10,617 sacks clean. Clean Honduras sales reach 4,796 pockets while Japan moves 910 and blue rose 2,761 pockets with quotes for blue rose at 3 11/16 and other varieties unchanged.
Turpentine firm shows 48 percent sales with 40 receipts and 393 shipments, stock 13 676. Resin firm records 19 sales, 529 receipts and 142 shipments, stock 78 119. Geotatians listed with prices including 6 20, 6 05, 6 45, and 6 70 in scattered figures.
Mrs McGud ley remarks that authorities are scouting for speakeasy liquor in the area. A Washington Star voice wonders if speakeasy liquor might be preferable to the kind that keeps men singing late at night.
A harmless mouse climbed a booted foot during a Merchantville New Jersey church service. The woman pinched the mouse so hard it died. an usher removed the carcass. A Paris doctor says diluted yeast may aid burn treatment.
New York reports cotton goods for export quiet on Tuesday while the domestic market stays steady to firm. There is moderate demand for silks, and men’s wear remains quiet and firm with yarns steadier.
Market volumes were light and broad declines appeared in several major issues after early sessions showed little price movement. Bethlehem Steel led losses while United States Steel and copper shares were only marginally changed, and a long list of commodities showed mixed to firm prices in the same session.
Lead steady at 9.25 fob London and Spelter quiet with East St. Louis delivery 10. and 10 percent. Copper electrolytic spot and near term values steady with second quarter at 24.40 to 35.00, third quarter at 21.009. Tin steady at spot 50 500 to 51.00.
London reports mixed prices in the metals market with lead and electrolytic copper among notes. Spot copper at 292 pounds and futures around 202 pounds with detail blurred by OCR errors.
Wholesale erg prices fall further while assorted produce and grains move. Beefing up notes include celery rising at $8 per crate and cranberries at $6 per barrel, while potatoes drop to $4.75 per hundredweight and beets ease to $4 per hundredweight. Texas spinach sells for $1 to $1.15 per hamper amid shrinking Florida inventory. other items show small shifts with no changes in some categories.
Prices to retailer or paid shipper include tens commission. Poyatofas regions California Colorado Oregon at 4.75 per hundredweight. Onions California yellow 3.18.80 per hundredweight Texas per bunch. Potatoes Cuban 3.50 per six-base.
A misread sketch from a Midwestern city describes a thirsty man asking where to find a drink in Topeka Kansas. The tale notes a red-nosed native and a responsive Kansan guiding him to a possible drink.
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