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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 26, 1917
Page
11
The ure spot cotton markets show a good morning advance driven by yesterday's buying, with New York and New Orleans both edging higher as weekly statistics lift sentiment. New York closes 2 to 10 points up, New Orleans 5 to 9 points higher, and San Antonio spots at 16.70.
The cotton market opened steady and rose to new highs before easing. May futures touched 17.39, about $4.20 above Monday, with late trade showing 17.22 to 17.28 and a steady close. Dealers cited optimistic peace sentiment and limited demand as factors shaping the cautious session.
The New Orleans cotton market opened with gains of 16 to 20 points in early trading as expectations for a strong weekly statistical statement supported prices. After selling and short-covering, prices declined from session highs but rose again after the weekly data release, closing 5 to 9 points higher.
Liverpool spot cotton Good middling around 10.914 cents with 6004 bales sold for export or speculation. Futures in Liverpool steady with varying bid prices from January to December deliveries. New York cotton seed oil stations show mixed open prices around 12.30 to 12.50, with volumes listed at several price points.
New York sugar prices show modest gains as traders cover positions. Centrifugal and fine granulated quotes move, with overall activity quiet. refined granulated listed near 6.75. Washington reports record coke production with 25 million tons of be coke and byproducts up significantly from 1915 and 1910, per E. Lesher figures.
In New Orleans on Thursday rough and clean rice prices remained unchanged. Trade reported 1140 sacks sold to mills, with pockets and brands such as Blue Rose cited, though many details are garbled in the OCR.
The wholesale egg price fell a cent and country candled eggs traded at 36 and 87 cents. Poultry receipts stayed heavy but prices held. Butter and wholesale fruit and vegetable prices remained steady. Flour ranged from 9.10 to 9.40 per barrel, wheat shorts rose to 1.95 1.97 per hundredweight, and seed potatoes were 6.76 per peck sack.
Readable price list from wholesale trade shows California and Texas origins for vegetables and fruits including potatoes onions tomatoes celery berries cabbage cauliflower peppers lettuce parsley and more. Also lists canned goods dried fruits seeds meats fish and animal by products with unit terms and bulk rates for retailers and shippers.
U S cement shipments in 1916 totaled about 4 508 000 barrels up from 1915 by more than 7 500 000 barrels the largest in industry history Production rose to about 91 194 000 barrels an increase of over 6 000 000 barrels while stocks dropped more than 3 000 000 Prices rose and trade conditions improved aiding a favorable 1917 outlook per Ernest F Burchard US Geological Survey. Coffee futures in New York drifted lower with March at 8.43 and May at 8.51.
Precipitation yesterday was none and normal for the day at .03 inches. Daily deficiency stood at 0%. Total precipitation since January 1 reached .81 inches with an amciency of .60 inches.
Chicago market notes an eastbound Pennsylvania railroad embargo west of Pittsburg depressing wheat prices. Canadian acreage forecasts rise while export demand weakens. May and July futures decline. corn and oats also soften as hog receipts rise. Prices close mixed with overall weakness.
The Federal Reserve banks in the district outside Kansas City ratified a plan to establish a reserve clearing house in Kansas City. The facility, run by the Kansas City Federal Reserve Bank, starts February 1 and will settle balances between seven reserve cities with minimal transfers during a 45 day trial.
W F Gohlke of Austin and Wilhelm Wehe of the state department of agriculture lead a group forming a $200,000 Texas stock company to manufacture cotton stalk pulp. A central Texas site and power plant have been secured for the first plant with plans for more locations. The firm will acquire patent rights and promote pulp use in paper, high explosives and celluloid goods.
The northern cattle market held steady on Friday while hogs fell by 6 to 10 cents on the down track. Sheep showed strength as receipts stayed lighter than usual and the local livestock market remained in good condition. Shipments at San Antonio yards included cattle 21 calves 12 horses 113 hogs 22 for city trade.
Senator Shepard presented to the Senate a resolution adopted by both chambers of the Texas Legislature denouncing the Interstate Commerce Commission decision in the Shreveport rate case. He noted a bill before ICC committees seeks to grant more authority to state commissions, adding that no action has been taken on it.
Fort Worth stockyards report cattle receipts 2300 with strong demand for steers between 36.50 and 110.50, hogs 4000 with a slow market and tops around 11.15, and sheep at steady prices including lambs 12.50 to 13.59 and yearlings 11.10 to 12.00. Cattle bulk trades noted 4.60 to 7.00, cows 4.50 to 3.00, calves 4.50 to 10.50, goats 4.00 to 6.50.
Chicago cattle and hog receipts and price ranges show a weak hog market with mixed to lower bids and steady cattle, while sheep and lamb values edge higher. Hogs traded around 11.30 to 11.70 for various classes, cattle ranged from 5.00 to 11.90, and sheep lines listed 9.75 to 14.30 for wethers and lambs.
On January 26, in Kansas City Missouri quotations for grain and cereal prices were listed. Wheat No 2 hard traded near 1.8644 1.89 per unit and No 2 red near 1.85 1.86. Corn No 2 mixed No 2 white around 99 cents while No 2 yellow hovered near 99 to 99-1/2 cents. Oats No 2 white about 67 to 58 cents. No 2 mixed about 58 cents. Rye near 1.48 dollars.
Grain futures in Kansas City end with May at 1.77% and July at 1.47% gains for corn and wheat quotations from St. Louis show No. 2 red wheat at 1.92 dollars and No. 2 corn at 1.01 dollars. Oats prices are shown as well with miscellaneous figures.
Kansas City market report shows hogs receipts 4000 with lower tone. prices belled at 11.16 to 11.60 for various cuts. Cattle receipts 600 with steady market. prime fed steers 11.00 to 11.60, dressed beef steers 8.50 to 10.90, cows 5.50 to 9.50, calves 7.00 to 12.00. Sheep receipts 30600 with higher market. lambs 13.75 to 14.25, yearlings 11.75 to 10.50, wethers 10.00 to 10.50, ewes 9.50 to 10.35, stockers 7.00 to 13.50.
Receipts totaling about 12 000 hogs with prices five to ten cents lower noted for lights pigs and mixed lots. Cattle receipts around 1500 with native beef steers yearlings and cows priced, Texas quarantine steers and prime southern beef steers listed. Sheep receipts about 500 with lambs and yearlings offered at steady to firm values.
Local packing house quotations to dealers list various meat and fat products with prices. Dry salt extras 17 cents, bacon extras 18 cents, dry salt bellies 14-16 pound average 18 cents, fancy breakfast bacon 27 cents, fancy ham 2 cents, bacon bellies 14-16 pound average 19 cents, pure lard 17 cents, compound 14 percent, American cheese 27 cents per pound.
Washington reports 1916 coal output around 597.5 million tons, nearing the prior peak of 670.0 million tons from 1913. Bituminous mined reached 609.0 million tons, up 15 percent from 1915 by 66.5 million tons, while Pennsylvania anthracite fell to about 83.31 million net tons.
Savannah Ga January 26 turpentine firm shows 51e sales 115 pecelnts 87 with stock 15206 and no shipments resin firm listing Salen 45 greeninty 915 with no shipments steel 78346 and notes on several price points from A C D E F 610 1 620 M 30 f 660 W G 670 W W ST.
Maritime intelligence item records sailings and arrivals involving El Mar New York Barcelona and New Adolfo with mentions of Fort Orleany Belize director in November in a fragmented Caribbean style report.
New York reports on January 26 that seasonable cottons such as sonnets flannelettes and dress cottons for fall were in active demand while staple lines remained quiet. Men's wear showed activity amid uneven orders across departments.
The Chicago Milwaukee and St Paul Railway Company sold to a banking syndicate in New York $25,000,000 of 4 percent general and refunding mortgage gold bonds. Proceeds are expected to fund property improvements.
New York January 26 The American Brass Company announces an extra dividend of 11 percent in addition to the 12 percent regular quarterly dividend of 14 4 percent, signaling strong earnings and favorable investor outlook.
Oklahoma City cattle numbers at 700 with steady prices and hogs around 3300 head trading 6 to 10 cents lower. Sheep about 100 head steady with frequent buyer activity and several consignors named including Withers, ataveville, and Purcell in the regional listing.
Observation report taken at 7 a m Friday January 26 1917 by Allen Buell meteorologist with the Weather Bureau.
New York traders tightened control as metals and industrials showed early gains led by Pressed Steel Car United States Steel and Republic Steel. By late trading, broad declines erased most gains with motors and other specialties hit hard. Trading volume neared 450000 shares.
Trading in Mexican money in San Antonio on Friday shows bids and asks for silver pesos at 68 and half pesos at 49. State bank notes trade around 14 and national bank notes near 171 percent. Carranza money quotes text appears but unclear.
New York financial update notes mercantile paper at 3 percent with Sterling sixity day bills at 472 percent and commercial bills around 472.23. France demand 584 and cables 583 percent. Guilders demand 40 and cables 41. Bar silver ties. Mexican dollars 59. Railroad bonds show irregular movement while government bonds hold steady.
Time loans ease with 60 and 90 day terms at 244 2 percent and six months at 3 2 percent. Call money steady with high 2 percent low 1 percent. Ruling rate 1 percent, last loan 2 percent, closing bid 1 percent, offered at 2 percent.
Bar silver priced at 373 160 per ounce. Money rate at 3 percent. Discount rates listed for short bills at 5 5 percent and three months at 545 percent.
Lead bids at 8.00 with spot and delivery for spelter at East St. Louis at 10. Copper is firm at electrolytic grade with second and third quarters around 29.00 to 32.00. Tin remains firm at spot 45.15 to 45.50. Tron steady and unchanged.
Lead leads at 30 pounds sterling per hundredweight with spot and futures prices noted. Spelter and copper fluctuate with spot copper at 132 pounds 5s and futures at 128 pounds 1s. Electrolytic zinc quoted at 143 pounds. Spot zinc 190 pounds 2s 6d and futures 131 pounds 2s 6d.
Buyers paid prices for country produce in San Antonio with butter at 34 to 36 cents per pound and country stock steady. Hens ranged from 5.50 to 8.00 dollars per hen by size, fryers 6 to 7 dollars, broilers and turkeys 21 to 22 cents per pound, ducks 8 to 9 cents per pair, geese 12 to 15 dollars per dozen.
Chicago market notes show butter higher with creamery at 31% 37½c. Eggs advance with receipts of 1670 cases and firsts 40% 41c, ordinary firsts 38 39c. Potatoes unchanged. receipts 22 ears. White potatoes quoted in several states. poultry alive higher with fowls 20¢ and springs 12½c.
Quotations from Kansas City show creamery at 88 cents, firsts 37, seconds 35, packing 26. Eggs: firsts 37 cents, poultry hens 19, roosters 13 4 cents, turkey 25, potatoes 10 per unit.
Washington January 26 An exhibition in Washington demonstrates home uses for muscadine grapes for southern home demonstration leaders. Samples include jellies syrups juices preserves ketchup canned grapes and other products.
Berlin reports a wounded German commander recounting the Somme clash near Beaucourt and Beaumont-Hamel. He notes British bombardments and a costly assault on Serre heights aimed at Bapaume, with thousands of infantry and cavalry pressed into a brutal advance amid mud, machine gun fire, and hand to hand fighting near Grandcourt and Butte de Wallencourt.
The S A U G railroad reports a sharp rise in passenger traffic to gulf coast points following the opening of its new city ticket office at 209 East Houston Street. Joseph P. O'Donnell, in charge, predicts continued growth and notes his long tenure and collection of over 1000 railroad men's cards. Charles E. Wynne Jr. also has a desk in the office.
Representative Cyclone Davis warned the House inauguration committee that some plan to charge as much as $3 a night for a cat during the inauguration period. He urged exposing such profiteering and helped limit the government exhibit appropriation to fifteen hundred dollars while voting to support the committee.
Russian papers report Bishop Michael of Moscow was killed by a gang linked to the secret police after he exposed graft by officials. He was beaten in a deserted street, found unconscious, and died after hospital transfer with no arrests reported.
In Berlin thousands of hogs were raised to relieve a meat shortage. By late 1915 official reports show over 16,000 home slaughtering permits issued November to December, with about 700 refusals for insufficient pig weight. Average carcass around 180 pounds, many over 300 pounds, and 60,000 more pigs expected to mature in two months.
A police witness says the prisoner refused to rise as the band played The Star Spangled Banner. The judge whistled a melody and the defendant quipped that he would not be there if the tune had been played that way. The judge retorted the band would have indeed played it.
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