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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 04, 1917
Page
9
Quotations from principal cotton markets show mixed movement with modest gains at opening and later declines. Liverpool and New York influenced prices as sentiment wavered over peace prospects and export outlooks. End-of-day quotes edged higher in New York and New Orleans.
The cotton market opened steady with advances of 1 6 to 7 points, July at 17.88 in the call. Prices eased to 17.76 as selling orders lagged, amid quiet business and uncertain peace views. Liverpool reports showed quiet steady activity while southern spot bullishness steadied prices around 7.82 for July. Galveston noted Japanese buyers and rumors of large freight room moved to New Orleans. Trading remained subdued into early afternoon with little change.
New York cotton futures steadied with January around 17.40 to 17.60 and May near 17.86. July 17.87 and October around 17.85 to 17.89 closed higher by six to eleven points, while Liverpool set to open Friday with unsettled quotes noted by the 11 o'clock call.
The report notes early gains of 1 to 7 points before offerings rise and values slip. By midmorning prices stand 4 to 10 points below yesterday's close, with October futures leading the rally later in the afternoon as demand strengthens.
The report shows futures opening steady with bids listed for January and March futures and prices around 17.5 to 17.6 in October contracts. Futures closed 4 to 9 points higher with mixed early bids and brief price levels noted.
Liverpool spot cotton closes with gains as buyers bid for exports and speculation. Prices quoted middling around 10 3/4 cents, with heavy receipts and 8,000 bales sold and 61,000 bales received.
Liverpool reports futures trading with slight steadiness across successive contract months. Prices range from January 10.494 to December-January 9.814, reflecting a compact, fluctuating market curves for wheat or cotton futures in early January.
Harry J. Sweet a Minnetonka realty dealer wins a divorce after revealing a coded system he used to allege another man sent love letters to wife Henrietta. The letters hid confessions in words like Kangaroo and Golf, with Sweet naming a co respondent identified as a man named Elliott.
Francis P. Owings, famed as the skyscraper king for early Chicago towers, was taken to a psychopathic hospital after his sanity was questioned. Once celebrated for the Bedford building and the 19 story Masonic Temple, he now faces hearings as health and fortune faded.
Turpentine firm shows 52% 52% sales with 189 receipts 296 shipments 190 stock 25236. Resin firm reports sales 1014 receipts 1619 shipments 641 stock 93432. Quotations list multiple grades with prices ranging from 6.25 to 7.25 dollars and regional notation W/W N W G.
Federal Reserve Board authorizes six banks including Boston New York Philadelphia Cleveland Minneapolis and St Louis to declare 6 percent dividends for periods since their November 1914 openings. The other six banks had already declared dividends.
New York reports a quiet cotton goods market with irregular gray cloth prices. Yarns softened while worsted yarns held steady. Knit goods stayed in steady demand as overall trade remained quiet.
Chicago wheat prices eased after a 12 cent advance speculators worried the gain was too rapid. May and July futures traded around 1.84 to 1.50 dollars, with mixed results across corn and oats as traders cited peace prospects and submarine activity plus Washington rumors. Provisions rose while grain cash business remained heavy.
Kansas City bulletin lists today's prices with wheat lower at No 2 hard 1.89 to 1.91 and 1 to 2 cents higher for other grades. No 2 mixed and white oats quoted around 93 to 95 cents, No 2 yellow oats at 56 to 57 cents, No 2 rye at 1.47 to 1.48 dollars.
Kansas City trading closed with wheat May at 1.46 and corn May at 9?f and July 9f?e, reflecting uncertain gains.
Quotations from Chicago on January 4 show No 2 red wheat and No 2 hard wheat at nominal levels. Corn No 2 yellow trades around 96 to 97 cents. oats standard around 55 and 56 cents. barley between 90 cents and 1.28 dollars.
In St. Louis quotations Wheat steady No 2 red at 1.95 to 1.98 corn higher No 2 at 0.07 to 0.08 oats higher No 2 56 to 56 1/2 cents Rye steady No 2 nominal News desk notes mixed futures with nominal readings for some grades.
Provisions market data from Chicago shows dry salt pork at 15 8 3 4 with bacon extras and belt belly averages around 17 18 cents. Fancy breakfast bacon 28 cents, hams 22 cents, bacon bellies 14 to 16 pounds 19 cents. Pure lard 16 1 2 cents, compounds 14 1 2 cents, American cheese around 24 cents.
Delegates from over twenty societies organized for patriotic aims and military preparedness will meet in Washington on January 15 to discuss their work and cooperative plans to enhance usefulness. Treasury bills will not be offered for sale as the Bank of England suspends exchequer bond issues for the new War loan.
The report lists cotton statistics by city including Savannah Charleston Wilmington Norfolk New York Boston Philadelphia and Pacific ports with figures for stock yesterday this day last week and last year. It also notes deficit for the season and provides cottonseed oil quotations from New York for January 4.
Prices paid Thursday in San Antonio show Esse steady at 36 cents per dozen for candled Texas country eggs. Butter steady at 80 34 cents per pound. Poultry higher with large hens 7.00 to 8.00, mediums 6.00 to 6.50, small hens 5.26 to 5.75, large friers 6.00 to 6.50, mediums 6.00 to 5.50, broilers 8.60 to 4.00, turkeys 22 to 24 cents per pound, ducks 6.00 to 7.00 per dozen, geese 10.00 to 12.00.
Quotations show butter steady. Creamery eggs quoted 33 39c with firsts at 39 40c and savients firsts at 35 38c. Potatoes steady with 35 car receipts. White corn meal prices range Washington Idaho Colorado and Oregon 1.80 to 1.95, Michigan white 1.80 to 1.86, Wisconsin 1.75 to 1.83. Poultry alive steady with fowls 15 18c, springs 18 4c, turkeys 22c.
Creamery 4b firsts 9 percent seconds 37 percent packing 28 percent Eyes rate 4b cee Hens 16 percent roosters 12 percent or Potatoes price 1.80 to 1.95.
Former President William Howard Taft spoke in Sharon Pennsylvania on January 4 warning that prosperity from the European war breeds private and public extravagance. He said continued excess could harm wage earners and inflame postwar wage battles, citing large public building and river harbor projects as examples. He urged against long term appropriations that would strain finances when prosperity declines.
Three African American employees died as fire destroyed the Dixie Auto Exchange plant in Nashville Tennessee early today. About 120 automobiles and auto trucks were burned with an estimated loss of 40000 dollars. Authorities believe the blaze started from a lightning bolt.
Cattle and hog markets show unsettled today with Oklahoma City strong for cattle and Fort Worth down ten cents. Hog prices range from five to ten cents lower in several cities while St Louis reports strength. Sheep edge up slightly. receipts fall across all three classes. San Antonio yard counts show cattle and hogs among city trade figures.
Fort Worth reports cattle receipts of about 3500 with prices down ten cents per head. Steers 6.00 to 8.00, stockers 4.00 to 7.40, feeders 5.60 to 8.50, cows 4.25 to 6.26, bulls 4.25 to 5.50, calves 4.50 to 9. Hogs receipts around 7000 with bids five cents lower, bulk trading near 0.10 to 0.20 and top at 10.30. Sheep and lamb markets mixed with lambs 10.00 to 12.00, ewes 5.60 to 9.50, wethers 7.75 to 8.60, goats 3.25.
Chicago notes receipts of 34 000 cattle and hogs with markets strong. Hog prices ranged from 9 95 to 10 55 for different loads and weights. Cattle receipts of 8000 featured native beef cattle 7 60 to 11 80 and western steers 5 to 10 00 with stockers, feeders, and calves also listed. Weather figures show mixed conditions and price indices.
Receipts and quotations for hogs cattle sheep and lambs at Kansas City. Hogs show strong bids with heavy buyers at 10.25 to 10.50 and pigs from 3.25 to 9.50. Cattle receipts around 000 with 500 nogthereas. prime fed steers 10.50 to 11.50. dressed beef steers 8.50 to 10. cows 9.00. stockers and feeders 6.25 to 8.50. calves. Sheep market steady to strong. lambs 12.78 to 12.35. yearlings 14.30 to 14.90. wethers 8.15 to 10.00. ewes 6.00 to stockers and feeders 6.00.
Receipts and quotations show cattle and sheep trading with mixed beef steers and yearlings selling around seven to eleven dollars. Native cows and calves range near five to twelve dollars, while Texas quarantine steers and prime beef are listed with broad price bands. Market as a whole remains steady with varying lots recorded.
Oklahoma City cattle numbers reach 1600 head with strong trading. hogs around 3200 with steady to higher pricing for heavies. Tulsa reports The Texas Company adds twenty five cents to crude oil price to reach 1.75 per barrel at 2 pm.
Wall Street opened with further substantial gains led by United States Steel but soon turned cautious as market pressure grew. Early advances faded into heavy selling amid rumors of European tensions, with losses of 2 to 6 points for major stocks by noon and a heavy close amid about 1.4 million shares traded.
New York wire reports time loans easy at 3 percent for 60 and 90 days and 3 to 4 percent for six months. Call money steady with high 3 percent and low 2 percent. Ruling rate 24 percent, last loan 2 percent, closing bid 2 percent, offered at 2 percent.
Jan 4 markets show Sterling bills 60 day at 4714 and commercial fodding bills 471, demand 475%. France cables 684% and 58314. Guilders demand 404% with cables 40%. Bar silver 7T5%c. Mexican dollars 58%c. Government bonds steady and railroad bonds firm.
London report shows bar silver at 3644 per ounce and Money rate 4 percent. Discount rates list short bills at 5 percent and negotiable three months at 5 1/4 percent.
On January 4 in New York the metal exchange shows lead at 7.40 to 7.50, spelter quiet, copper dull with electrolytic prices for first to third quarters at 28.00 to 32.50, iron steady and unchanged, and tin at 42.25 to 42.75 with spot delivery at East St. Louis quoted as asked.
Lead at 30 pounds sterling 10s, Spelter 60 pounds 10s. Spot copper 133 pounds 10s with futures 129 pounds 10s. Electrolytic 145 pounds. Spottin 180 pounds 15s, futures 182 pounds 10s.
U S Department of Agriculture weather bulletin notes Rio brand futures for March at 8.87 and May at 8.93 as of 7 a.m. January 4 1917. Wind under 10 mph and precipitation under .01 inch not published. Allen Buell meteorologist.
In Houston on January 4 the Texas Company credit balance raised prices for Caddo light DeSoto light Thrall and North Texas Petroleum by ten cents per barrel. Caddo light Thrall and North Texas now sell at about 1.50 a barrel near last spring’s peak while DeSoto light moves to 1.30 per barrel.
Ardmore Oklahoma January 4 Magnolia Petroleum Company raised the price of Healdton crude to eight cents a barrel, a five cent increase from yesterday's quotation.
A lighthearted note from the Louisville Courier-Journal ponders why turkeys gobble. The piece includes a playful exchange about gobbling and amusing self references, reflecting holiday mood and regional newspaper humor.
The local market notes rising prices for Texas tomatoes to 2.00 per 4-basket crate and celery to 6.00 per crate, with peppers, lettuce and sugar also moving. Lard and flour show declines or increases, corn prices shift by grade, and various nuts and dry goods quotations are listed, reflecting a broad adjustment in wholesale rates.
Wholesale prices to trade list a wide range of produce including onions, tomatoes, cabbage, lettuce, beans, carrots, peppers, and fruits with regional quotes from California and Texas. Also covers canned goods, dried fruits, nuts, coffee, rice, meats, and grains with per hundredweight, per crate, and per box figures.
The Alamo National Bank of San Antonio Texas reports at year end December 27 1916 resources and liabilities totaling 6 842 435 18. Highlights include loans and discounts 3 237 266 43 United States bonds 296 031 50 cash in vault and due from banks 2 592 137 85 and deposits 5 669 267 00 with capital stock 500 000 00 surplus and undivided profits 277 668 76 and circulation 600 00. Directors listed including Ernest Sere George C Yeuelle J N Brown Gibbs John Courand and Otto Meer.
New York sugar futures firmed at noon on January 4 with gains of four to eight points. Spot market firmness drives the rally, with raw sugar steady at 5.27 cents and molasses 4.40. Refined sales quiet and fine granulated sugar quoted at 6.75.
New Orleans on January 4 reported steady activity in both rough and clean rice. Receipts totaled 1834 sacks for rough and 1474 sacks for millers, while clean rice brought in 6341 pockets. Sales included 1222 pockets of clean Honduras and 450 pockets, plus 208 pockets of Blue Rose. Quotations showed rough rice at 3.26 to 3.75 dollars with other varieties unchanged.
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