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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 28, 1917
Page
6
A fragmented weather note describes clear to partly cloudy conditions, wind arrows, and temperature cues. It mentions a precipitation threshold of .01 inch per hour and notes the wind maximum, but several terms are unclear or garbled.
Cotton prices opened the week with a sharp decline amid ocean freight and political fears. By Friday May contracts steadied and rose to 17.42 cents as rumors of firmer southern spot markets and modest demand from spinners supported gains. New York and New Orleans closed 31 to 32 points higher. San Antonio spots at 17.0 cents.
New York and New Orleans cotton futures show steady early bids on January 27 with March 17.22 to December 16.45 and 16.12 respectively. Futures closed 31 to 32 points higher. Liverpool cotton due to open Monday 17 points.
A brief historical report shows cotton statistics with figures for yesterday stock, last week's day, and the same day last year. It lists deficits and specific values including 1,380,691 and 431,817 as part of the data.
Houston report of the New Orleans Cotton Exchange details weekly and season totals. It lists port receipts, inland shipments to mills and Canada, Southern mill takings, interior stocks, foreign exports, spinners takings, and the World’s Visible Supply with year to date comparisons.
London reports bar silver at 377 164 per ounce with money at 3 percent discount rates for short bills at 50 1 and three months at 5 percent.
Mercantile paper 3 percent, sterling rates for sixty day bills at 4.70 percent. Commercial sixty day bills on banks 4.72 percent, commercial 60 day bills 4.72 demand 4.75 to 4.? cables 4.767 16. Fronts demand 5.84 percent, cables 5.83. Cullders demand 40 13 16, cables 40. Bar silver 76 1/4 cents, Mexican dollars 59 1/4 cent. Government bonds steady, railroad bonds irregular.
The weekly bank statement shows excess reserve of 191 383 610 dollars, down 11 089 020 from last week. Loans and discounts total 3 473 979 000, up 32 557 000. net time deposits 167 546 000, up 000. aggregate reserve 813 607 000. state banks and trust firms report deposits 984 043 000, up 15 170 000.
Galveston marine intelligence reports arrivals and departures with vessels Nueces New York Senator and Henry R Mallory plus Elsud listed as sailing from New York.
Savannnah reports turpentine sales eight receipts sixty three shipments six hundred forty one stock seventeen thousand seven hundred seventy eight. Resin firm sales eight shipments one. Quotations A B D BE F G six dollars and five cents to six dollars and twenty cents. Prices noted N six dollars sixty cents W G thirty six seventy W W eighty seven.
The northern livestock market showed strength earlier in the week with cattle steady to higher, hogs leading price changes after midweek gains, and sheep improving until Saturday. Receipts remained robust, with 977,000 hogs arriving at Chicago. Fort Worth cattle dipped slightly while other centers stayed steady. a top San Antonio bid reached 8.35 dollars for a carload of five year old fed steers from J. W. Rothman & Son.
Cattle receipts 1700 head with prices 6.50 to 10.50 for steers and 4.50 to 8.00 for cows. Hogs 3500 head lower with tops $108.5 and bulk 10.36 to 10.65. Sheep 3800 head steady with lambs 12.50 to 13.50, wethers 9.25, ewes 8.50 to 9.25, goats 3.50 to 6.25.
Chicago market report shows hogs receipts 17 000 and steady to firm with five cent gains, prices for bulk 11.35 to 11.60, hogs at 9.25 to 11.75. Cattle receipts 700 and steady with alive beef cattle 7.75 to 11.90, western steers 7.75 to 10.00, calves 11.00 to 15.00. Sheep receipts 15 000 and steady with wethers 9.75 to 11.25 and lambs 11.75 to 14.35.
San Antonio buyers posted steady prices for a variety of produce and poultry. Milk-type items ranged from 25 to 36 cents, butter 30 to 34 cents per pound, and creamery 25 to 34 cents. Poultry prices held firm with hens at 5.50 to 7.00, medium fryers 3.66 to 7.00, turkeys and ducks 7.00 to 8.00 per dozen, geese 12.00 to 15.00.
Quotations from Kansas City on January 27 show butter at 3 cents creamery, 37 cents firsts, 35 cents seconds, packing 26 cents. eyes firsts 37 cents. poultry hens 19 cents, roosters 13 1/2 cents, turkeys 25 cents. potatoes at $2 per bag.
Elgin Illinois January 27 butter market 450 tubs sold at 39 cents and a smaller lot of 10 tubs at 38 cents. Local buyers feigned interest as prices held steady amid light trading activity.
New York coffee futures held steady on January 27 with No. 7 10 futures at March 8.55 and May 8.66 amid quiet trading. The brief note records small movements and prices for primary futures contracts.
Chicago market page reports Butter steady, Creamery pepsis, Eggs steady with receipts of 1829 cases. Firsts 40 percent, ordinary firsts 38 39 cents, at mark, cases included 37 40 cents. Potatoes unchanged with 25 car receipts. White corn US regions quoted: Washington Colorado Oregon Idaho 1.90 to 2.05, Michigan 1.80 to 1.90, Wisconsin 1.80 to 1.85. Poultry alive steady with fowls 20 cents and springs 18 cents.
Observation notes describe a new toothbrush head shaped to reach both sides of teeth at once while a hollow handle enables washing or lotions to be sprayed through the bristles with a rubber bulb. The report is dated January 27, 1917 and originates from the U S Department of Agriculture Weather Bureau.
Local market quotations list steady prices for dried salt pork and bacon products. Dry salt extra 17 cents, bacon extras 11 cents, salt bellies 14-16 pounds average 18 cents, fancy breakfast bacon 7 cents, fancy hams 22 cents, bacon bellies 14-16 pounds average 20 cents. Pure lard 17 cents, compound 14 cents, American cheese 27 cents per pound.
Chicago notes market quotations for pork with open, high, low and close figures listed for January 27. The brief items record price ranges and daily movement for traders and buyers.
Receipts and quotations show hogs at 11.26 to 11.70 for various classes with lighter pigs near 7.26. Cattle receipts around 300 with prime fed steers 11.00 to 11.60, cows 5.50 to 9.50, calves 7.00 to 12.00. Sheep receipts 500 with lambs 13.75 to 14.25 and yearlings 11.75 to 12.50. wethers 10.00 to 10.50 and ewes 9.50 to 10.35.
Receipts and quotations from St. Louis show hogs 9000 head with a steady market and price ranges from 9.25 to 11.80 for various grades. Cattle receipts 900 with steady market including native beef steers from 7.50 to 11.50 and beef cows from 4.25 to 7.50. Sheep receipts 250 with lambs 12.76 to 14.50 and ewes 6.50 to 10.25.
Sugar futures in New York closed unchanged to 4 cents higher as traders covered over the weekend. January 4.14, March 3.89, May 3.90, July 3.55. Raw sugar easy. molasses 4.01, centrifugal 4.89. Refined steady with fine granulated at 6.75.
Cotton yarns were more active at lower prices on Friday. Canton flannels Domestica and solid color flannels sold up and drawn for the fall season by the largest Southern manufacturers. Staple cotton goods and silks were quiet while burlaps stayed barely steady.
Chicago reports show late wheat options gaining strength last week on fears of damage in the domestic winter belt and big export clearances. Prices moved 6% decline to 2% rise from a week prior with corn and oats also firming. provisions remained strong.
Beas City Missouri dated January 27 lists cash grain bids for wheat corn oats and rye. No 2 hard wheat at 1.79 1.80 percent No 2 red 1.80 corn No 2 mixed 97 and No 2 white 97 cents No 2 yellow thin oats No 2 white 58 6 percent 65 7 cents No 4 mixed 55 56 cents Rye 1.46 1.47 per bushel.
Kansas City grain futures end with May wheat around 1.72 and July at 1.43. Corn May and July trade near 96 cents. St Louis cash grain quotes list No. 2 red wheat at 1.89 to 1.90 and No. 2 hard at 1.86 to 1.92 with No. 2 white oats at 57 cents and rye at 1.45.
In local markets the wholesale egg price dropped four cents midweek from 40 41 to 36 37 cents per dozen in Texas country handling. Receipts were good all week while poultry and butter held steady amid steady or rising fresh vegetable prices. Seed and grain prices rose and provisions generally gained a cent, with rope price up a half cent per pound.
The document lists wholesale prices for fresh produce to retailers and shippers, including California and Texas items such as potatoes 3.50 per hundredweight, onions 7.50, tomatoes 2 per 4-basket crate, celery 1.10 per dozen, cranberries 9 per barrel, cabbage 6.00 per hundredweight, cauliflower 1.60 per crate, peppers various prices, lettuce 2.75 per crate, eggs 12 1/2 per pound, sweet potatoes 2.60 per hundredweight, bananas 3.50 per hundredweight, oranges 2 per box, grapefruits 3.50 per box, limes 1.25, kraut 11 per barrel, dried fruits and raisins with assorted weights, and other minor items. the list includes multiple units and regional variations.
The list provides wholesale trade pricing across California canned fruits vegetables meats and sardines, with per hundredweight prices for corn oats and wheat, seed potatoes and alfalfa seed, various nuts and dried beans, molasses syrup and hides and hides related products. Names of products include apricots peaches pears corn oats wheat and coffee blends with unit prices noted.
Income from Texas railroad operation for the five months ending November 30 1916 rose by 8 278 426 dollars to 21 745 393 compared with 1915. Total operating revenue reached 52 822 744 up 11 478 499 and expenses 38 077 351 up 3 200 073. Freight revenue totaled 42 059 926 up 3 033 196. Figures compiled by the railroad commission.
New York stock activity faded with a daily average under half a million shares as traders paused amid the congressional inquiry. sentiment improved slightly on absence of new international tensions and growing demand for the British loan, with St Paul Railway bonds attracting issues. United States Steel eyed for next week’s dividend decision while rail and shipping shares softened on weak statements and car shortages.
The copper market in New York shows continued firmness. Electrolytic copper for delivery in the second quarter is quoted from 29.50 to 31.50, while larger agencies still quote 32.50 for the third quarter. Iron remains unchanged.
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