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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 22, 1918
Page
11
Weather in Texas and bullish war news revived cotton trading with gains of 45 to 64 points in New Orleans and 13 to 47 points in New York. Futures closed 45 cents to 2 70 higher. steady to firm in New York and New Orleans as traders priced in heat and dry growing conditions.
Cotton futures opened higher as drought persists in the southwestern belt with October and other months advancing on bullish weather expectations. Prices climbed to around 25.40 to 26.78 cents, with late gains supported by speculative demand and private forecasts of showers in eastern Texas.
Dry Texas weather and reports of entente successes spurred a buying rush in New Orleans cotton. Prices rose 48 to 60 points at noon and held a 48 to 60 point gain into the afternoon, with a steady call on slight further advances.
Liverpool July 22 The spot market shows fifteen easier with good middling at 22.010 and low middling at 21.480. Receipts total 6000 bales with 4860 American. sales 2000 including 1100 American. New contracts listed for July to November and associated price levels.
Corn prices tumbled in the final half hour of trading after earlier gains. August and September futures showed declines as short covering waned and demand cooled, with cash corn quotes and related grain notes from Chicago and Kansas City reflecting a softer close.
New York July 22 The consumption of aleal for Government Purposes exceeds expectations. Mills may be allowed to continue distribution at their own discretion as over half of the year’s requirements are estimated. Record production in six months reached 16 600 900 tons. Forty percent of bookings are under government contracts. Lead demand remains heavy and copper distribution meets needs. Tin trading in flux from the straits is restricted.
Temperatures and rainfall data for Houston district stations cover the 24 hours ending at 7 2 m July 22 in San Antonio Tor. The report notes weather conditions and summarizes precipitation and temperature ranges across the district.
Trading in primary cotton markets shows prices fixed after wartime boards meetings. Weather reports indicate temperatures near normal east of the belt and above normal west, with showers across Georgia to southeastern Louisiana and listed rainfall amounts in Waycross Columbus and Livingston Alabama. Market notices include beef and commodity price quotations for New York and Texas meat cuts and futures steady with July at 8450 and October at 8.076.
Wall Street opened firm on July 22 with limited response to allied successes. A few specialties rose on lifting efforts but most shares edged lower as industrials weakened. Closing quotes show Liberty bonds steady while major averages slipped and utilities and metals faced pressure.
Industry notes government price revision plans for rag goods and sheetings. Trade groups plan to harmonize margins with distribution prices. Production remains curtailed and buyers seek spring selections as quotations for various fabrics run nominal.
Moderate fish stocks held Monday with prices largely unchanged. Wholesalers in camps quote slightly higher than city figures, reflecting sales commissions and delivery charges. Red Snapper, Halibut, Rock Cod, Barracuda, and Trout show varied wholesale and retail rates, with shrimp at 20 cents a dozen in wholesale markets.
Washington July 22 The Navy Department announced today the revival of the Assistant Secretary of the Navy post in France. The move aims to strengthen administrative liaison with French bases and allied naval operations.
Wholesale prices on fruits show bundled crates up to 1.95 for peaches, squash up 25 cents to 1.50, lemons 7.00 to 7.40 per box, peaches and apples higher, cantaloupes unavailable from California, white shipments from other states substituted. Crate around 45 to 34 metric tons at 4.26, watermelons down to 1.50 per hundredweight. Other wholesale items like eggs butter poultry and groceries unchanged.
Market notes show dry salt extract at 24 percent, bacon extras mid 40s to 46 cents, with 14 to 16 pound averages. Fancy hams at 32 to 46 cents, bellies 14.3 pounds around 25 cents. Cheese and oleomargarine prices listed. local packing house quotations provided for bidding.
Market brief lists steady prices on butter turkeys ducks and hens, with live poultry figures for Kansas City and Chicago shipments. Potatoes, corn and wheat receipts noted across Virginia Kentucky Kansas and Illinois, with per hundredweight pricing and range moves amid mixed quality grades.
Lieut Charles Krey Frey quartermaster of the Marine Corps died from injuries after a government truck was hit by an International Train at Quintana Road crossing. He was 45 and survived by his widow and seven children with four sisters and a brother in the army. Funeral will be Tuesday at his mother's residence. Dr Joseph Raycroft, visiting the military establishments in San Antonio, is in charge of athletics for the commission and met Camp Travis and Kelly Field officers.
Northern hog prices show no table gains on opening of week. Chicago bids rise 1 to 20 cents with gains up to 40 cents at key packing points. Cattle and sheep mostly steady. hog supplies limited with traders claiming capacity to move 1/2 to 2/3 loads. Fort Worth and Chicago markets report mixed cattle, calves, and lamb values with regional variation.
St Louis fears the Garfield administration curtailment order may halt beer production next year. August Ausch, head of a local brewery, says plants hold enough material to last over four years, including 10,000 bushels of malt. C Norman Jones of the St Louis Brewing Association says most brewers could operate about six months beyond January 16.
San Francisco July 22 The California Supreme Court affirmed its preliminary order denying a new trial for Thomas Mooney at San Quentin awaiting execution for involvement in the Preparedness Day bombing. Attorney B. V. McKenzie said the action leaves Mooney’s fate to Governor Stephens.
American troops in raids into German positions in the Vosges Friday suffered 150 enemy casualties while reporting virtually no own losses. German prisoners complain of bad food and ammunition. Six officers and sixteen men are commended for conspicuous bravery in the Vosges raid, which began with a half hour of artillery preparation. About 200 Americans including 22 stretcher bearers advanced 500 yards into trenches.
War department telegrams list Maj. Warren and Maj. Marshall among officers returning from leave to Camp Travis and Petersburg assignments. Capt. Vieatien and Lt. Landrum receive duty transfers while Lt. Harkin M. Wogan and Maj. Benjamin Thrash move within posts. Journal notes newspaper coverage of Texan and Oklahoma camp activities. Washington Star quote about dining appears at end.
Washington July 22 a Senate Military sub committee report says wasteful experiments with English Bristol and other airplanes cost millions. It accuses engineers and administrators of delaying production and notes 1000 mining planes at 86 000 000 were dunked as too dangerous. The Liberty motor is praised but deemed too heavy for the Bristol plane and the War Department has abandoned that type.
Police reports recount Sunday traffic incidents including Misses Camera and Presa Soles slight injuries after a car collided with a streetcar at West Houston and Laredo. Andrew Morales uninjured. Morales and We AL Tint face careless driving charges. J. MM. Thornton slight bruises after bicycle collision near his home. A Peres eight, treated for non serious injuries after jumping from an oil truck on Military Magn. Insurance notice from Johnston & Burnett.
General Pershing reports a long casualty list with many soldiers killed in action wounded and missing. Names span multiple states and cities including New York Philadelphia Chicago and Los Angeles with numerous units and affiliations listed.
A string of travelers from across the U S and abroad are listed as staying at major San Antonio hotels. Names include Kr Miller from Dallis J M Thompson from Kerrville Lloyd Sheek from St Louis Mrs G M Riley from Houston, A B Noonan from Galveston, Tint of Kallaig City, ORF bynety from Laredo, Charles Sailor from Muustatds, Cameron from Victoria, Wenner from Washington, Edelin from Baltimore, Norris from Tampico, W S Clayton from Port Worth, J R Basw from Memphis, T J Radings from Houstonia, with stays at St Anthony Lanier Gunter Monger and Gun ter.
Two Americans captured by bandits led by Felipe Muzquiz are being held for ransom in the Sierra Mountains. One hostage is Nan Malone, foreman of Pedro de Blanca ranch, with a $5000 demand, and the other is Sam Barkadale seized at Hacienda San Miguel, 45 miles from Las Vacas. American troops pursue.
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