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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 01, 1917
Page
13
The Cot ton Exchange notes a volatile session led by the government condition report showing 69.5 percent of normal. New York closes 63 to 73 points higher, New Orleans 58 to 68 points higher. San Antonio spots at 21.25.
The New York cotton market opened steady with a 5 to 9 point advance as July rose to 21.89 and October to 21.30 before cables from Liverpool were delayed by the government report. An initial quiet session gave way to a sharp advance on the report showing May conditions at their lowest since 1925.
Auction notices advertise a Sunday sale of elegant furniture heavy brass beds art squares and draperies from a 7 room home by Summer & Cunningham auctioneers. An additional auction is set for Saturday morning at 464 E Commerce listing furniture and household goods including dressers beds springs mattresses cots rugs sewing machine dining table and stoves with Houston auctioneer Travia 1343.
Wanted two hundred second hand bicycles and frames. Ping Crockett 6718 will call. Ben L Miller Co moved to 232 East Commerce St. Also seeking new buyers for old bikes and frames with price quotes offered. Twin Indian motors? sold as is. Call Crockett 8119 at 331 Goliad St.
Carpenter and contractor practiced mechanic offers small jobs promptly cared for. Concrete or brick work and roof repairs supplied. Crockett 4449.
The market moved higher with July futures up to 22.40 and October to 21.89 as traders absorbed offerings and contracts were taken by foreign and domestic interests. Early weakness faded after mid day with rallies of several points and a stronger bid into the close.
New York June 1 cotton futures opened steady with July at 21.78 and October 21.25. Prices show small daily moves with highs and closes listed for July October December January and March contracts. Trading details include noted range figures and turnover around 646,000 to 44522 units.
Trading on the New Orleans cotton market was listless before the 10:60 government condition report. After the report showing a May 25 low of 69.5 percent, July rose to 21.60 before a sharp 30 point pullback and a late push as March buying entered, with active months ending well above yesterday’s close before the bureau data.
New Orleans bids show July at 21.27, October 20.57, December 20.71, January 20.81, March 20.94. Futures closed Friday 68 to 63 points higher. Liverpool marks holiday on cotton exchange. New York reports cotton seed quotations today.
Weekly cotton statistics show metal forwarded to mills at 37 000 bales of which 30 000 are American. Stock stands at 622 000 with American 406 000. Imports total 30 0 American 22 000 and exports 1 000.
New Orleans on June 1 reports rough and clean rice holding steady with unchanged quotes. Rough rice quoted at 4 sacks 2056 pockets and clean Honduras at 833 pockets. receipts and sales described as firm and steady despite minor trading activity.
New York sugar markets show refiner steady with fine granulated at 7.50 and molasses at 5.05. Coffee futures hold firm with No. 7 Rio steady at 10 percent. July at 8.13 and September at 8.22.
Help wanted notice for Sugarman Bros at 401 W Houston St seeking salesmen fluent in Spanish. Apply by contacting Callat opce for positions.
The Northern hog market rose 6 to 10 cents at most centers with St Louis up 10 to 15 cents. Cattle showed mixed movement with Chicago firm and Fort Worth down 10 to 15 cents. Sheep weakened, Fort Worth prices down 25 cents. Receipts totaled 542 cattle and 112 hogs for city trade.
Fort Worth cattle receipts 5000 with prices mainly down 10 to 15 cents. hogs 1200 head higher in spots with heavy hogs around 15.50 to 15.60. sheep and lambs modestly lower with lambs near 16.00 and yearlings about 14.59. Goats listed at 5.00.
Chicago market notes show firm futures for hogs with gains of 6 to 10 cents, cattle steady to firm, and sheep receipts about 6000 with a weak market. Prices include hogs around 12 to 15 dollars, cattle quoted near 9 to 14 dollars for various classes, and lambs at 11.25 to 15.50 dollars.
Kansas City on June 1 reports cattle and hogs receipts with varied bids. Hog prices range 13 to 16 dollars with some high bids. cattle receipts about 700 head include 4300 southern cattle and prime fed steers around 13.40 per hundredweight. Dressed beef and cows and heifers show broader spreads. feeders and yearlings list 11 to 15 dollars, with steers and calves noted in the 14 to 18 dollar area.
St Louis market reports receipts and price ranges for cattle and sheep. Native beef steers, yearlings, cows, and stockers show varied bids from about 5.00 to 13.00 dollars. prime southern beef steers listed. sheep and lambs receipts indicate steady demand with prices around 12 to 18 dollars for various classes.
The page lists fragmented price notations and ranges for several items labeled A through W G W W, with prices from $5.70 to $6.35 and varied letters indicating categories or suppliers. No coherent event or full names present in readable text.
Observations were recorded at 8 a m Friday June 1 1917 by Allen Buell meteorologist Weather Bureau detailing early morning conditions across reporting stations.
Wholesale poultry prices shifted with hens at 15 16 cents a pound large springs 30 31 cents small springs 26 27 cents and broilers 2.50 3.00 a dozen Receipts of little chickens rose Eggs and butter steady Fancy cucumbers 75 cents per half bushel hamper Celery 1 yor dozen bunches Texas squash 60 cents per bushel hamper Corn 40 cents per dozen ears Rhubarb 60 cents a pound Cherries 2.25 per 9 pound box No changes in wholesale groceries provisions seeds grains or mill products.
Market notes show jobber prices for retailing or paid shippers with fines unchanged. Texas country candled at 31 32 cents per dozen. Butter and creamery products steady with creamery at 82 35 cents per pound. Poultry prices steady with hens 15 16 cents per pound and broilers 2.50 to 3.00 per dozen. Turkeys 18 1/2 cents per pound, ducks 7.00 to 8.00 per dozen, geese 9.06 to 10.60.
Daily market notes show creamery prices steady around 37 to 41 cents for Firsts and ordinary eggs at 32 to 38 cents. Rosinpi te tally 8,670 cases unchanged. Potatoes lower. Receipts: New 5 cars from Texas and Alabama totaling 3 1093.26. Louisiana 1 0002.15. Old receipts 7 cars at 2.50 e. Poultry: alive prices higher with fowls up 2 cents.
Quotations to utter list dairy and poultry prices with creamery and firsts at 44 and 42 cents per unit. Penutry hens and roosters listed at 17 and 15 cents. turkeys 22 cents. broilers 30 cents. Potatoes shown as old 3.10 and new 3.165 dollars per unit.
Local packing house quotations issued Friday list dairy and meat products with prices including 14-16 pound average 25 percent for cheese and 40 cents for fancy breakfast bacon along with fancy hams bacon bellies and other meats. American cheese quoted 29 cents per pound and compound 190.
The Agriculture Department reports April and May cold weather cut cotton in the South, with May 25 condition at 49.5 percent of normal. States show varied results from 7% in Florida to 82% in California. Replanting and late age expected, with drought and labor shortages noted.
Washington reporters note on June 1 hearings before the Interstate Commerce Commission. Western state railroad commissioners presented data they say show the Adams on operating costs justify only a limited increase. They argue the proposed 16 percent general freight rate hike is not warranted.
Chicago reports mixed grain trading as the port closure on outgoing vessels depressed wheat early gains while later lifting the ban produced bullish effects. Corn gained on weather, with oats following wheat and pork prices pressured by lean supply. July wheat at 1.98 and September at 1.82, close firm for corn.
Chicago quotations show No 2 red wheat at 2.65, No 2 hard at 2.65, corn around 1.57, oats at 62, rye nominal, barley from 1.15 to 1.50 as of June 1.
Quotations show hard red winter wheat at 2.55 to 2.62 per bushel with No 2 red at 2.52 to 2.62 No 2 mixed at 1.50 to 1.61 and No 2 white around 149 to 150. Oats for No 1 white at 64 cents and No 2 mixed at 63 cents.
Kansas City reports grain futures closing mixed for July and September contracts. Wheat July hits 2.02 while September sits at 1.81. Corn shows July at 1.42 percent and September around 1.27 percent with December at 91 cents.
Quotations show Wheat No 2 hard at 2.65 and No 2 at 5.65 for high grade. Corn prices list No 2 at 1.55 and No 2 white at 1.57. Oats are nominal. Market summary from St. Louis dated June 1.
A Providence Journal report compares London and Providence vegetable prices from late April and mid May. Carrots 7c vs 9c, onions 8c vs 15c, beets 14c vs 8c, turnips 4–5c vs 6c, pears and cauliflower vary widely, costers and gardeners cited as factors amid wartime London supply strains.
Irregular early trading on the New York Stock Exchange followed by a late rally as equipment metals oils and sugar shares led gains. United States Steel plus 4 percent dividends and 4000 shares traded around 130 to 190 percent, while Alcohol American Smelting and American Sugar posted significant moves. Rails showed little activity as the market closed strong.
Trading in Mexican money in San Antonio Friday showed ask and bid quotations from major banks. Bank of London and Mexico listed rates around 64 61 8 and 16 5 16 with minor variations across dealers.
The New York money market shows time loans steady at 60 days 90 days and six months around 4 to 4 1 2 percent with 44 percent figures, call money strong. Market highs and lows cited include 4 44 and last loan at 4 percent with closing bids at 4 and offerings at 44.
June trade notes show sixty day bills at 472, commercial 60 day bills on banks 471% and 471% respectively, demand 475 9-16, cables 476 7-16. Guilders demand 41%, cables 41% with no silver 74%c. Mexican dollars 68 cc. Government bonds steady though ball bonds show irregular movement.
London reports bar silver at 38d per ounce and a 4 4% per cent return. Discount rates show short bills at 4 11-16 per cent and three month bills at 4% per cent.
Lead strong while spot spelter and copper firm. East St. Louis delivery quoted at 9% to 6 percent, electrolytic and secondary copper ranges at 3.0 to 4.0. Tin unsettled around 62.25 to 63.56, with Tron firm and uncharged.
On June 1 spot prices showed spot lead at 30 10s and Tin at 4248. Futures quoted 9 108, 8 15s, 50 and 246 los with electrolytic at 142 and other metals including opportunities at 4150 and 129 10s.
Wholesale prices to retailers and shippers listed for Texas produce. Potatoes and onions range from $4.50 to $5 per hundredweight, cucumbers and peppers show various per bushel and per crate rates, cabbage $4 per hundredweight, radishes and celery by dozen bunches, corn and beans by dozen ears or bushel, strawberries and dewberries per crate or crate of 24 pints. Multiple Texas origins noted for each item.
The document lists wholesale prices across fruits, vegetables, dried fruits, canned goods, meats, fish, grains, and seeds. It notes an extra one cent per pound on all prices if a proposed war tax becomes effective, with refunds if the tax is not enacted by May 10.
San Antonio Texas June 1 temperatures rainfall and weather status for Houston district stations over the 24 hours ending 3 a m. Meteorologist Weather Bureau reports include temperature highs and lows and precipitation across the region.
Austin June 1 two more fire insurance companies were licensed to write bombardment and war risks by the state department of insurance and banking The Swiss Re Insurance Company of Zurich Switzerland and the Phoenix Assurance Company of London join a total of ten companies now operating in Texas with such licenses.
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