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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 25, 1917
Page
11
Daily quotations from principal spot markets show middling cotton delivered values in San Antonio and New Orleans marking gains as New York and Liverpool influenced prices. Cotton Exchange notes quiet morning trade with midday uplift due to hedged supply concerns and improving domestic demand.
The wholesale price of eggs fell one cent while Texas country candied prices stayed near 87 and 48 cents per dozen. California yellow onions rose to 7.50 per hundredweight as poultry receipts increased, with many prices unchanged and a predicted poultry price drop ahead.
Georgia entomologist F Lee Worsham told delegates at the Sea Island Cotton Growers Association convention in Valdosta that boll weevil can be fought in Sea Island cotton. He advised against abandoning Sea Island cotton and recommended restricting Sea Island plantings to five per acre per grower and not mixing long and short staple in the same area.
Buyers posted prices for poultry and eggs delivered in San Antonio on Thursday. Butter 34 cents a pound, creamery 34 cents. Hens large 7.50 to 8.00, medium 6.00 to 6.60, small 5.00 to 5.78. Turkeys 21 to 22 cents a pound, ducks 0 per dozen, geese 12 to 15 dollars.
Wheat surged on news of the British chancellor's Bristol speech seen as a Wilson peace denial. Coarse grains followed, with May and July futures climbing to new seasonal highs, while corn led gains on strong export prospects. Oats moved with corn as hogs and grain lifted provisions, and disappointment tempered gains later.
The Chicago grain market reports show quotations for wheat at around 1.91 to 1.92 per bushel, corn No 2 yellow about 81.0 cents, and oats at standard levels with barley around 1.00. Prices reflect nominal movements in major grains in today’s trading.
Chicago market notes show butter steady and creamery items firm with supplies 5146 cases. Firsts 29 to 40 cents, ordinary firsts 37 to 39 cents. Potatoes higher with 10 car receipts. Wheat prices listed for Washington Colorado Oregon Idaho and Michigan Wisconsin. Poultry alive lower with fowls 20 cents and springs 13 to 14 cents at mark.
The New York cotton market opened steady on bullish overnight spot signals with first prices five points lower on January, then mixed to higher as trading progressed. May slipped to 17.15 early, then regained to around 17.33 late morning, with demand limited but improving spot interest and steady undertone into the afternoon.
Kansas City market quotes show butter at 18.2 for firsts and 26c for ewes, poultry at 49c per pound with roosters at 12c and turkeys at 24c, potatoes at 1.95 a bushel. Prices reflect daily trading figures and commodity classes.
Kansas City report lists grain prices for Wheat Corn and Rye with bid offers and assorted grades. Wheat quotes show hard and red varieties around 1.87 to 1.91 per bushel. Corn mixed and white grades range from 65 to 99 cents, rye at 1.48 to 1.50.
Liverpool reports firm spot cotton with sales of 6000 bales and strong futures. Receipts reach 50 000 bales. Savannah shows turpentine dull at 62 percent with limited sales, and a range of resin prices from 6.10 to 7.10 per unit.
Kansas City grain futures show May wheat at 1.8174 and July at 1.495, with May corn around 99 and July near 1.49. St Louis quotations report wheat steady with No 2 red at 1.99, No 2 hard nominal, corn higher with No 2 at 1.015 and No 2 white at 1.02, oats steady at No 2 white 58 cents, rye nominal.
New York reports cotton seed oil quotations and season deficit of 893 981. Washington notes U S food exports dropped by 43 million dollars in 1916 to 745 million while 1915 reached 788 million. Corn shows gains, wheat and flour fall in 1916.
Local packing house quotations show dry salt products at 17 cents and bacon at 18 1/2 cents. Dry salt bellies average 14 to 16 pounds at 18 cents, fancy breakfast bacon 27 cents, ham 21 cents, bacon bellies 14 to 16 pounds average 19 1/2 cents, pure lard 17 1/2 cents, compound 14 1/2 cents. American cheese 27 cents per pound.
New York cot ton futures opened steady on January 25 with March at 17.00, May 17.22, July 17.19, October 16.20, and December 16.28. Prices showed narrow ranges through the session with modest ups and downs across listed contract months.
New York reports irregular activity in the gray goods division with firmer lines in other categories. Yarns remain steady and wool goods show gains in worsted yarns while hosiery holds firm. Many fall cottons sold up and were withdrawn from sale.
Liverpool plans a Friday open at 1 3 points down as the 11 o'clock call signals a pivotal moment. New York coverage notes urgency and contrast in the early schedule.
Sears, Roebuck and Company directors recommend a 25 percent stock dividend raising total capital to 75 million common and 8 million preferred. They also boosted the cash dividend on common stock from 7 to 8 percent at yesterday’s meeting.
Cotton in New Orleans opened firm as sellers sought to reclaim contracts. Active months rose 9 to 12 points early on due to stronger actual cotton demand and dwindling hedged supplies. By noon gains reached 21 to 22 points with continued export-driven buying in the afternoon.
New York sugar markets drift lower as labor tensions ease and laws relax. By noon the trend showed three to nine points net down with raw sugar weaker at $5.02 per centum and centrifugal at $4.15. refined goods mostly steady with fine granulated at $4.75.
The January 25 Northern livestock report notes cattle steady to 15 cents higher in St Louis Fort Worth and Oklahoma City, hogs up 15 to 25 cents with best gains in St Louis and Oklahoma City, and sheep slightly above steady. San Antonio prices show strong activity for cows from 4 to 6.50 dollars. local yard receipts include cattle 268 calves 58 hogs 144 goats 702.
Cattle receipts 28790 with higher steady gains across steer stocker and cow classes. Bulls and calves show notable pricing, hogs up to 11.20 top, sheep and lamb markets strong with lambs around 13 to 17 dollars and yearlings near 11 to 12 dollars. Goats listed at 4.06 to 76.50 per unspecified unit.
Receipts and quotations show hogs at 11.30 to 11.60 for bulk and 11.05 to 11.70 for grades with 15 to 20 cents higher than yesterday. Cattle with steers at 7.75 to 10.00, cows and heifers 5.00 to 10.25, calves up to 16.00. Sheep firm with wethers 9.76 to 11.00 and lambs 11.75 to 14.85.
Receipts and quotes show hogs at 9000 head with higher prices and cattle at 2500 head with mixed shifts. Prime fed steers bring 11.00 to 11.65, cows 5.50 to 9.50, lambs 18.75, yearlings 11.00 to 12.20, and wethers 10.00 to 10.75 amid a steady sheep market.
In St Louis January market figures for hogs cattle and lambs show receipts and steady markets. Hogs ranged around 11.30 to 12.00 with various grades listed, cattle receipts about 2000 and markets steady with beef steers cows and calves priced across multiple ranges, lambs quoted near 12.75 to 14.50 per hundredweight.
Cattle in Oklahoma City with 1100 head steady. Hoge reports 27 head 15 to 250 higher, top price $11.40. Bulk trade closes near $11.36. Late sales show 20 steers at $9.45, Michaelson at $9.75, Mutz sales around $9.40.
The Federal Reserve Board approves rates for the Dallas Fed Bank. Commodity paper and short notes carry 3 percent for up to fifteen days, 4 percent up to sixty days, 4 percent sixty to ninety days, and 5 percent after ninety days. open market purchases at 3.5 percent.
Almanac-style report notes futures for March at 8.16 and May. market activity shows irregular movement as traders address varying demand.
Observation taken at 7 a m Thursday January 25 1917 by Allen Buell meteorologist Weather Bureau reports routine data from the station including temperature wind and sky condition as recorded by the meteorologist.
Lead bids at 7.75 with a firm spelter market. Copper electrolytic prices quoted for first to third quarters at 29.00 to 22.50. Iron and tin steady with spot tin around 345.00 and 45.50. East St. Louis delivery noted for spot copper trades.
Prices show a steady start with opening bids for March sixteen point six three and May sixteen point seven six. July sixteen point eight two and December sixteen point zero five prompt small changes across months amid uncertain demand.
London market notes show lead at 30 pounds sterling, spelter 62 pounds 10s, copper futures at 128 pounds, and zinc and tin quotations. A South Dakota man patents a mowing machine mounted on a hand car powered by a gasoline engine to clear railroad tracks of weeds and brush.
A brief exchange notes domestic routines as a wife explains she rises early to greet her husband. The dialogue highlights traditional gender expectations and morning ritual.
Stocks opened with gains across major industrials led by Bethlehem Steel United States Steel and other leaders. Motors and rails stayed soft while metal and oil issues rose. overall turnover about 400000 shares as the market ended irregularly after a broadening rally in the final hour.
Trading in Mexican money in San Antonio on Thursday lists bids and asks for silver peso half pesos state bank notes and national bank notes. Quotes include silver peso at 63 bid 63.5 asked, half pesos at 48 bid 48.3 asked, state bank notes at 32 bid 32.5 asked, national bank notes at 17 bid 17.5 asked, Bank of London and Mexico at 16 bid 16.5 asked, Carranza money at 0.5 bid 0.6 asked.
Mercantile paper at 3 percent. Sixty day bills 4.72 percent. commercial 60 day bills on banks 4.72. commercial 60 day bills 4.72. demand 4.75. cables 4.76. Francs 5.84. cables 6.534. Guilders demand 40. cables 40. Bar silver 76 cents. Mexican dollars 59 cents. Government bonds steady. railroad bonds irregular.
New York rents and money market notes show time loans easing with 60 and 90 day terms at 2 percent, 3 percent, and six months at 2 3. Call money remains steady. The market reports high and low figures and a 1 percent ruling rate with last jean closing at 14. Offered at minus 2.
In London trading on January markets show silver at 378 164 per ounce and discount rates down by three quarters of a percent. Minute shifts in bullion and money rates reflect cautious sentiment across prominent financial centers.
Announcement from Pittsburg shows United States Steel Corporation lifting prices on structural shapes and plates by 80 per ton. The move affects steel users nationwide and signals broader cost implications for construction and manufacturing sectors.
In New Orleans on Wednesday January 25 rough and clean rice held steady with unchanged quotations. Receipts totaled 878 sacks of rough rice and 641 pockets of clean rice.
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