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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 03, 1918
Page
13
The Weather Bureau records no precipitation on Wednesday and normal daily totals. A deficit of 0.4 inches accumulates for the period, with January 1 showing 0.1 inch and no significant rainfall noted in the early year report.
Cotton values end a late session with slight net losses as futures turn firmer in New York and New Orleans before easing. Market reports note renewed demand and speculative activity on near term contracts, with spot prices in San Antonio down about 20 cents.
The market opened with renewed foreign and domestic demand lifting prices across months. January rose to 31.05 and March to 31.03 while October reached 29.60 amid strong trade support and later eased from intraday highs as gains tempered by selling.
Cotton trading in New Orleans extended yesterday's gains with prices rising 16 to 18 points in early trades as spot market strength and expectations of higher ginning returns fueled demand. Futures climbed to new highs before closing lower by about 3 to 10 points amid Russia hostilities headlines.
Liverpool noting quiet spot cotton with firm prices and American sales. futures steady with January around 23.27 and May near 22.87. New YorkCotton Seed quotations show open near 19.50 to 19.70, with sales of 400 to 600 lots and prime crude at 19.65. New Orleans reports steady rough and clean markets, with receipts of 2360 sacks and millers at 1764 workers. late classified ad seeks an attractive reliable girl for evening concession work at 421 Hovaton.
Spot cotton hit 30 cents at San Antonio on Wednesday marking the highest price since the Civil War. Brokers report several thousand bales traded locally as the market strength broadens through the belt and buyers race to grab the new peak.
Fragmented cotton statistics list ports and cities with stock figures for yesterday, today, last week, and last year. It notes total cotton stock at U S ports and provides season totals, though many words are garbled.
Thursday saw price shifts across wholesale markets with Texas vegetables down to $2.76 per hundredweight and dried goods noting various price points. Butter poultry and provisions also show adjustments while storage costs drift and several items remain unchanged.
Texas market notes show creamsery and poultry varied by vendor with prices near steady for several items. Chickens, turkeys and ducks quoted with per pound and per dozen figures. Kansas City and Chicago listings provide broader dairy and poultry benchmarks for the day.
New York sugar market shows steady raw sumat and nominal centrifugate while rosin remains firm in Savannah turpentine markets. Soyek receipts and shipments detail stock levels with rosin and latex figures noted alongside regional quotes and prices.
Lieutenant Roal Gutbery of Wallingford Conn in the Lafayette escadrille narrowly escaped in a clash with four German battle machines last Saturday. His gasoline lines were punctured, engine failed, but by sharp maneuvers with one German pilot close behind he avoided capture. His plane bore 11 bullet holes but he remained unhurt.
At Fort Worth and Kansas City markets on January 2 3 large hogs weakened with losses of 20 to 40 cents while cattle held steady to slightly higher in spots. Sheep remained in strong demand as buyers moved toward higher prices. City receipts showed cattle 275 hogs 200 and calves 166 with stockyards totals around 4000. Kansas City and St Louis posted mixed results with hogs down and cattle largely steady.
At CHICAGO LIVESTOCK CHICAGO MI on January 3, hogs shown weaker by 18 to 20 cents with prices around 16.28 to 18.60 per cwt. Cattle receipts near 21,000 with mixed prices. steers around 6.60 to 12.40 while cows and heifers hover around 5.80 to 12.49. Sheep receipts about 13,000 with steady to firm bids. lambs quoted near 15.25 to 17.25 per cwt. Revenue and weights listed for various classes. Market conditions vary by region and animal type across different auction lines.
Quotations from the packing house list include bacon bellies 14-16 pounds average and 36 inch lengths, pure lard, compound, American cheese, and various cigarette and cheese items. The Kansas City market section notes specific lots and prompt prices with references to yellow and white eggs and other commodities.
A new freight order shows bullish effects on corn prices in Chicago. Reports indicate freight controls are easing congestion and could shift corn movement toward markets, with January and May futures rising and nearby gains uncertain as traders weigh warehouse and tariff implications.
The period reports nationwide bank clearings reaching a historic peak with $604,210,977,302, marking the greatest annual increase on record. Quotes indicate varied rates in foreign and domestic markets with eurodollar and gilt figures noted, while London and New York financials show robust activity and monthly statements reflect strong demand across bonds and bills.
Markets closed irregularly as steel, cantpments, and motors fell while Gulf States Steel and Harvester rose about five points. United States Steel moved large lots. rails and utilities showed mixed intraday shifts. bonds broadened. late-session sales trimmed earlier gains.
The Department of Commerce reports mixed signals in trade. Metal markets in New York show nominal gains while overall exports fall despite a rise of 7 billion dollars in value. Wheat, corn, cotton products and seeds decline, while hides, wool, tea and jute rise slightly.
The bulletin records weather observations at Tea taken in the morning. It lists the date January 1 1918 and notes figures from early morning readings.
The Woodmen of the World elect an eighteen member committee from six camps to work with the War Service Board supplying entertainment and recreation for soldiers. A meeting is set for Thursday night with Dr. Elff. Mitchell as chairman and A. A. Zizik as treasurer. Local notices invite attendance at future dances and events.
Local reports note a man charged with illegal liquor sales in Palestine Texas and a ten year old white girl accused of theft and held as delinquent by police. The scene also mentions a jewelry store ad and a dentist moving offices, plus thirteen arrests for permit violations and a Temple Beth Israel service with Rabbi Samuel Marks delivering an address on The Law.
Rehearsals for the Katty Pietzel minstrel show proceed at Kelly Field for a charity program aiding Allied relief. Performers include Soldier Men and band members as they prepare for a January opening in San Antonio before touring to Georgia Tech.
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