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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 02, 1917
Page
9
Quotations from principal spot markets show better cables boosting early buying and a rise for active months. New York closes 24 to 28 points higher, New Orleans 27 to 28 higher, San Antonio at 16 56. Submarine war fears influenced later declines before a strong close.
The cotton market in New York starts steady after an early subdued session. Liverpool and foreign buyers support prices while political tensions trigger some liquidation and mid day declines before a late rally and overall steadiness at close.
New York on January 2 reports cotton futures opening steady with March at 17.46, May at 17.69, and July at 17.63. Futures closed 28 points higher. Liverpool 11 oclock call expected to open Wednesday 1 to 2 points down.
Better cables spurred modest demand in New Orleans with active months rising 16 to 18 points early. Market stayed quiet yet steady, with scant offerings and Liverpool room pressures. By noon the gains widened to 36 to 38 points before a selling wave followed rumors of a submarine blockade, leaving active months around par to slightly below last week’s close.
New Orleans on January 2 reports cotton opened steady with January 16.99 and March 17.00 bids. May 17.24, July 17.42, October 15.88. Futures closed 27 to 28 points higher. Trading details show highs, lows, and closes amid market activity and mixed price movement for the session.
Spot cotton prices for January include good average at 10.894, middling 10.774, and low middling 10.614. Trade volume shows 5000 bales with 500 for speculation and exchange. outstanding receipts total 64,000.
Futures firm quotations listed for Liverpool with monthly spreads from January 10.66d through December-January 10.034, covering January-February to December-January. Prices shown for each monthly period indicate a steady forward curve.
Texas topped the nation with crops valued at 8.93 billion dollars for 1915, per a Agriculture Department estimate. The figure marks a gain of about 2.17 billion from 1914 and surpasses Illinois, which dropped to second place, with Nebraska Georgia Kansas Pennsylvania New York Indiana and Ohio rounding out the top ten.
Marine intelligence notes arrival of Topila maico at Alveston and lists vessels Norafarer Tampics El Oriente New York Hessian Br and Taverpool with related routing details and port movements.
Sugar futures in New York were active and firm on January 2 with prices showing gains of 4 to 10 points. Raw sugar held steady with centrifugal at 5.27 and molasses at 4.40 while refined levels slipped about ten points.
IROW AND STEEL NEW YORK reports year end output trimmed sharply in the final week, with monthly totals down 30 to 40 percent from November. For 1916, total steel ingots about 38,372,000 tons and rolled steel products around 29,150,000 tons, with rolled steel sales near 37,009,000 tons. Railroad equipment orders were the strongest since 1912, rails sales exceed 5,300,900 tons, largely to foreign buyers, and structural steel orders reached about 1,465,000 tons.
Cotton seed oil quotes for January through August show opening noon and close prices with small shifts. January closes at around 12.06 for open 12.11, March near 11.83, May about 11.90, August near 11.96, with sales reported in thousands. Coffee futures in New York steady with March at 8.85 and May at 8.89.
Delegates at the Texas Good Roads Association annual convention in Austin January 17 18 will be urged by local bodies to stay in the capital until a state highway bill is passed. Secretary D E Colp says the Legislature meets January 9 and the group aims to have the bill signed by the governor by January 20. San Antonio leaders John W Warren and William Cassin head the San Antonio delegation.
Northern hog prices fell 10 to 15 cents in Fort Worth and Oklahoma City with other centers following. Sheep and cattle remained steady as receipts stayed heavy. Local market remained strong with cattle shipments improving and hogs at about 9.75 for 200-pound, corn fed tops, while San Antonio receipts were listed in cattle, calves, horses and hogs.
Fort Worth market notes cattle receipts 5500 steady prices. Steers 6.50 to 8.00 stockers 5.50 to 6.50 heifers 5.60 to 8.00 cows 4.25 to 6.50 bulls 4.25 to 5.25 calves 4.25 to 9.00. Hogs receipts 4000 down 10 to 15 cents top 10.35. Lambs 10.00 to 12.00 yearlings 8.50 to 9.50 wethers 7.76 to 8.60 ewes 7.00 to 6.00 kids 3.50 to 6.00.
Kansas City market report with receipts for hogs totaling 15000 and 10000 cattle and calves and 9000 sheep. Hogs top values around 9.70 to 10.30 for various grades, cattle show primes from 50 to 11.50 and dressed beef from 3.00 to 10.00, cows around 8.55 and heifers up to 9.26, calves near 6.00, and sheep steady with tombs 12.75 to 13.50 and yearlings 11.00 to 12.00.
Chicago market notes show hog receipts 74,000 with slow sales and prices near Satur pegs. Cattle receipts around 0, with native beef cattle about 7.26 to 11.80 per head and western steers near 7.25 per 1000 pounds. Sheep receipts 21,000 with firm demand. wethers about 9.15 to 10.25 and lambs 11.25 to 13.60.
St Louis market notes show hog receipts about 14 000 with prices 10 cents lower. Prime and fat hogs varied. cattle receipts around 5500 with a steady market. native steers to 11.50, yearlings and heifers to 11.50, stockers 5.75, Texas cattle to 5.00, prime southern beef around 9.00, beef cows and feeders at 4.25. sheep receipts 1200 with a steady market, lambs around 9.50, yearlings near 10.00.
Oklahoma City January 2 cattle sales show steady cattle and sheep with hogs down ten cents. Receipts total 1600 cattle, 2100 hogs, 100 sheep. Notable entries include Stevens see Duncan Oklahoma and Martin Camanche Oklahoma with bulls and stockers in the 6.25 to 8.85 range.
New York reports trade and industry remain active and largely unchanged amid European war developments. Retail stores show unprecedented holiday trade while collections stay satisfactory. Materials remain scarce and freight car shortages hinder deliveries. newsprint demand soars beyond mill capacity due to advertising and circulation growth. Prices rise for paper inputs and food products, with seasonal factors affecting other lines.
New Braunfels Texas welcomes a government built post office occupying a Cas tel and Mill streets site, one block west of San Antonio. Postmaster Gus Reininger and staff including Miss V Sands Bruno Dietel Arthur Mollenhauer and Miss Norma Heilig observe the move with pride.
A cheerful passenger claims resilience during hard times while a doubter in the next seat challenges the mood. The exchange features a gardener narrator and reflects Browning's Magazine style in a fragmentary dialogue about persistence and doubt.
The monthly foreign trade report from the Bureau of Foreign and Domestic Commerce, Department of Commerce, details November and eleven months ending November 1916. It lists imports and exports by group, including crude materials, foods, and manufactures, with totals for domestic and foreign shipments and notable item values such as horses and seeds.
San Antonio may become a southern manufacturing point for the Buffalo Jones Water Elevator. C. J. Jones, inventor and National Irrigation and Power Company manager, explains the system to the industrial committee as he seeks irrigation deals for 50,000 acres near Crystal City. He cites low costs and wide potential, and recalls his Africa trip with Roosevelt.
In Austin Texas on January 2 lawmakers converge for the Texas House speakership race. All five candidates Mendell Fuller Spencer Florer and Fly plan to establish headquarters at the Avenue Hotel with Florer also rumored for the Driskill though he favors Avenue. The scene signals a tense presession scramble as arrivals continue tonight and tomorrow.
Buyers paid various prices for country produce in San Antonio on Tuesday. Butter and creamery prices ranged from 26 to 34 cents per pound with steady markets. Poultry prices rose with large hens 6.50 to 7.50 dollars, fryer and broiler prices in the 3 to 6 dollar range, and turkeys at 24 cents per pound. Ducks traded at 6 to 7 dollars per dozen, geese 10 to 12 dollars per dozen.
Kansas City markets report prices for creamery products with firsts at 39 1/2 cents, seconds at 37 1/2 cents, and hinges 28 1/2 cents. Hens market 96 to 96 1/2 cents, roosters 12 1/4 cents, and potatoes ranged from 1.60 to 1.65 per unit.
Chicago on January 2 reports steady quotations for Ps and Eyes with receipts. Firsts at 40 41c, ordinary firsts 35 36c, per case totals. Potatoes rise with 30 cars received. Washington Idaho Colorado Oregon white prices range from 1.80 to 1.95, albions at 1.80 to 1.85, Wisconsin whites 1.75 to 1.83. Poultry alive higher with Fowls 18 18 c, springs 19c, turkeys 23c.
Local market notes offer varied provisions with prices for dry salt pork vegetables bacon lard and cheese. Includes 16 percent salt pork 17 cent lard 15 cent compound and American cheese at 22 cents per pound.
In San Francisco on January 2 the fifth week of Franz Bopp's trial continued in federal court. Six assistants face charges of conspiring to violate neutrality by alleged dynamiting of Canadian tunnels and mullions bound for Great Britain and allies. Both sides seek to finish evidence to reach a jury by Friday night as District Attorney Preston portrays Crowley and Louis J. Smith as plotters aiding warship hampering efforts across U S and Canada.
Chicago January 2 Excitement over prolonged European hostilities lifted wheat early trading with May at 1.75 to 1.79 dollars and July at 1.43 to 1.46 dollars. Prices climbed as ocean shipping prospects improved and U.S. supply concerns faded, closing 5% higher with May at 1.79 to 1.80 and July at 1.46. Corn also gained as demand signs and light offerings supported markets while provisions held steady.
In Kansas City quoted wheat and corn prices edge higher with No 2 hard at 1.83 1.89 and No 2 white at 0.91 to 0.92. No 2 red wheat sits around 1.83 to 1.88, oats gain about 1 with No 2 white near 54 to 56 cents, mixed grain at 63 to 54 cents, and rye at 1.46 per bushel.
Kansas City grain futures closed May 1.77 and July 1.483 to 1.48 percent. Corn May 92 1/2c July 92 1/2c. St Louis quotations show wheat No. 2 red 1.92 to 1.94, No. 2 hard 1.65 to 1.68, oats 54 to 55c, rye nominal. Chicago grain quotes list No. 2 red nominal, No. 2 hard 1.875 to 1.68, corn No. 2 1. something, oats standard 54 to 55c, barley 95c.
In Munich on January 2, the Bavarian ministry of war reported tests on twenty marksmen across twenty test days, firing over 80,000 shots. Professor Kraeplin summarized in Military Weekly that consuming forty grams of alcohol reduces marksmanship by about 3 percent, with the effect peaking 25 to 30 minutes after intake. Several shooters performed worse than average, some by eight to twelve percent, while a few insisted they shot better after drinking, despite failing to do so in reality.
An 8-year-old girl in Columbus, who spent summers riding with her parents, dragged a chair, struck an obstruction, and exclaimed Ive killed my engine. The incident reflects her exposure to overheard talking about driving and machinery.
Beets carrots and turnips advance to 34% cents per pound in bulk and 3% cents in smaller lots. Sudan seeds jump to 3 per hundredweight. Hides drop with green salted at 18 cents and dry flint at 28-30 cents. No fruit or poultry changes. receipts light due to New Year.
Wholesale price list shows fruit vegetables and dried goods for trade. Items include TOMATOES California $3.00 per hun t and $2.50 per box oranges California navels $2.50 per box, apples Colorado Jonathan $2.28, bananas $3.50-3.75 per hundredweight, lettuce California $2.75 per crate, Kraut barrel $11 per barrel, prunes varied by weight, figs Smyrna and other dried fruits with per pound rates, canned fruits and meats, nuts and hides.
New York rang in January with broad stock advances driven by international events. Steel led with 12,000 shares rising to 108. Allied Industrials and metals gained sharply, with utilities and beet sugar also advancing. Trading slowed after midday but prices stayed higher, finishing irregularly as prominent metals and industrials showed strength amid late hour volatility.
Time loans steady with 60 and 90 day quots at 3 and 4 percent. Call money unchanged with highs of 24 percent and lows of 24 percent. Ruling rate 2 1/2 percent, last bid 2 1/2, closing offered at 2 1/2 percent.
New York trading round up as mercantile paper stands at 4.4 percent with sterling 60 day bills near 4.71 and commercial bills about 4.714. Demand and cable quotes appear for francs 5.84 percent and 5.83 percent, guilders bid 40 percent with cables at 40 1 2 percent, bar silver at 75 1 2 cents, and Mexico dollars at 58 cents. Government bonds hold steady while railroad bonds show irregular activity.
New York metal markets show lead at 7.50 to 7.62 per unit while spelter remains dull and copper largely flat. Iron prices steady with No 1 northern at 31.50 to 32.50 and No 2 at 31.00 to 32.00. tin strengthens to spot 412.25 to 43.00.
London market notes opening with lead at 30 pounds sterling per ton and spelter at 50 pounds. Copper futures not quoted, electrolytic copper at 145 pounds sterling, spot tin at 182 pounds, futures at 184 pounds. Prices stated in pounds per standard unit with per 10s for tin.
London reports that on January 2 the government requisitioned unwrought copper supplies. The action targets essential industry needs amid wartime controls, with details on affected producers and distribution not disclosed in the brief item.
Houston banks report deposits on December 27 showing a total $66,727,614, reflecting a 2.52 percent increase from the prior period. The rise signals growing monetary inflows in the Houston financial sector.
The London Chronicle notes a Rome image celebrated at Clapham with Cardinal Bourne. the St Luke painting attribution is unlikely though legends date from the sixth century. While not proven a painter, the Gospel authored by Luke inspired famous scenes such as the Virgin and Child, Simeon, the Doctors in the Temple, and the Ascension.
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