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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 26, 1918
Page
8
In a weekend session thinly trading market, cotton futures closed 10 to 18 points lower in New Orleans and 13 to 17 points down in New York. Traders cited rain and upcoming blizzard forecasts as factors, with some liquidation early before a slight rally in New York and firmer Paris-like tone for the late session.
New York cotton futures were unsettled with early gains then declines as traders weighed unfavorable press on Germany and possible factory pauses. Prices looped mixed from morning to close with a modest net decline amid rainy Texas forecasts and selling pressure.
In New Orleans on Friday trading drifted. prices declined 10 to 18 points as volume stayed light. Nearby futures closed lower after nerves over transportation and congestion weighed on demand. May and July opened higher but settled down with most contracts finishing down on the session.
Cotton stock and movement figures from Galveston Houston New Orleans and Mobile with totals and comparisons to prior days and year. Cotton seed oil prices and New York dry goods activity show firmness with modest volume and ongoing price quotes for January through May contracts.
Local packing house quotations list prices for dry malt extras bacon extras and various cuts. Chicago reports open high low close pork lard ribs with January and May contracts and prices around 44 to 47 dollars for pork and about 24 to 26 dollars for lard.
Coast reports show very poor catches with fishermen pressing for higher prices. Many wholesale operators join government service or shipyards offering good pay. Anticipated price increases of two to three cents per pound. San Antonio trade quotes list oysters at wholesale seven dollars per thousand and extra select nine dollars per thousand. Fish prices shown for halibut red fish sheephead drums croakers with wholesale and retail rates.
The New York clearing banks and trust companies show a reserve excess of 98,081,750 dollars, up 23,062,000 from last week. The report covers loans, deposits, specie, and vault holdings, with gains in reserve and circulation while several deposit measures fell. Telegrams were sent to major banks directing participation in a 4 percent United States government bond offering due in April.
Financial notes from San Antonio and New York show Mexican pesos and various bank notes quoted, with mercantile papers and bar silver prices mentioned. Separate city updates list turpentine, cotton, sugar, oranges, apples, grapefruits, lemons, coconuts, and crude market quotes for New Orleans and Savannah, reflecting commodity prices and receipts.
Jan. 26 reports from Union Stock Yards and major markets show further declines in northern hog prices across Kansas City St Louis and Chicago. Cattle and calves were mostly steady with rare weakness in Chicago hogs and light trade at San Antonio yards.
Chicago and Kansas City reports show varied quotes on poultry, butter, and produce. Prices reflect live fowl, roosters, ducks, geese, and potatoes, with dairy creamery firsts at 44 cents and other butter grades noted. Regional receipts indicate sacks and bulk potatoes, while New York and Minnesota references suggest fluctuating futures and market activity.
Chicago reports unfavorable weather lifting corn prices with smaller receipts and lingering demand. May contracts rise after early weakness as traders adjust. Kansas City and St. Louis quotings show white and yellow corn ranges, with mixed note on futures and no immediate breakdown in prices.
Trading in stocks today was influenced by next Monday's holiday and speculative sentiment. Prices firmed after the open with United States Steel copper and equipment under pressure, while rails led gains for Pacific, Norfolk & Western and western issues. Close was firm with about 276,000 shares traded and Liberty 3ty3 reaching a market peak.
The Federal Trade Commission says gasoline prices exceed refining costs by seven to ten cents per gallon based on an investigation directed by Victor Mardeck. Officials report production costs are lowest in the western regions while New York retail figures vary. The commission notes that refining cost includes an element of profit for crude production and transport, with consideration given to refinery, pipeline, and shipping fees.
The listing outlines wholesale prices for onions, potatoes, pumpkins, yams, tomatoes, peppers, cucumbers, peas, lettuce, and related items. It notes price points by region and unit, including California and Texas origins, with weights such as per hundredweight, per bushel, and per crate.
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