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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 03, 1918
Page
9
Miscease Exchange reports the cotton market steady near close as bearish news from U boats affects sentiment. New Orleans closed for Jefferson Davis birthday. North markets dull, spot activity limited, prices mixed with modest gains and losses. Liverpool and New York quotes set at 22.06 and 29 cents respectively.
The New York cotton market opened unsettled with July up 31 points at first on favorable private condition figures and weather in the South. Later months eased, July near 24.48 and October around 23.05 as trade focused on Liverpool firmer near months and reports of Lancashire mill restrictions. Submarine news and erratic fluctuations kept prices volatile, with July sliding to 24.93 and October to 22.53 as activity faded and offerings rose.
Liverpool cotton market notes fair demand with prices firm across grades. Mid and good ordinary notations appear, with forward futures described as irregular and new contracts listed with several dates and rates.
Reading shows scattered cotton statistics across cities from Galveston to New York with midyear price movements. Mentions futures or bids in June and August terms and notes several regional centers like Savannah Charleston Norfolk and Boston with varying closes for seeds and lint.
New York reports large government cotton requisitions last week totaling about $900,000 in material for duck and cloths, with 4,000,000 yards of fabric requested for pie mas and heavy sheetings. Civilian demand shifts toward print cloths and bleached goods as prices rise, with specifics on ginghams, denim, ticking, and brown hosiery standards.
At the American Iron and Steel Institute annual gathering in New York on Friday, manufacturers pledged outputs first for national use with private demand seen as active. The Start corporation plans new works costing over £250 million, Copnera maintains steady pricing, while lend and smelter activity remains subdued. Tin and plate markets show weakness with spot offers for Chinese goods and shipments easing to mid to upper cents per pound.
June quotations show sugar markets steady with various grades listed and prices. Kansas City futures and cash grain reports include corn and oats quotes and daily price ranges from June 3.
The list shows wholesale quotes for onions, potatoes, beets, carrots, cabbage, turnips, peppers, and fresh fruit including apricots oranges and peaches. It also covers dried fruits, canned goods, meats, fish, molasses, honey, coffee, tea, rice, flour, meal, corn products, hay, feeds, peanuts, and hides with varied per unit prices and lots, reflecting trade prices and supplier terms.
The Texas and Pacific Sunshine Special derailed near Hope Arkansas after leaving Dallas at 4 80 pm. Officials say the switch was tampered with and a freight train passed over it minutes earlier. An investigation begun. Jeff Davis Day observed statewide with offices closed.
The Weather Bureau reports tonight and Tuesday will be partly cloudy to cloudy. Precipitation Sunday totals 0.50 inch, above normal by 0.12 inch. Year to date total precipitation 11.05 inches, with an excess of 0.39 inch since January 1.
The report, datelined Fort Worth Chicago and Kansas City, shows hogs recovering 10 to 25 cents amid steady to higher bids at Chicago with prices up to 25 cents on speculative buying. Cattle range steady to 20 cents higher. sheep mostly unchanged. Receipts fluctuate, with mixed notes on supplies, weather, and market tone across major yards.
Wholesale fish prices listed per pound with head on for large fish and trimmed for others. California varieties priced by whole weight with lead removed. reef: red snapper, rock cod, barracuda, halibut, salmon, tuna, and porpoise noted. Retail notes mention rock cod and barracuda for retail trade with various price per dozen quantities.
Market brief notes lambs advancing early week with higher wooled demand. Pigs quoted 16 to 26.50 with bulk around 1.46 per unit, May receipts show a slower month but still higher than last year, Goap and Angora goat prices edge up as demand remains firm.
Market brief notes changes in fresh fruit wholesale prices. Lemons rose to 10 dollars per box and blackberries near four dollars per item. The report lists various produce items with unchanged prices and notes overall market conditions.
Market notes show numerous goods with prices and items for sale including poultry, potatoes, creamery products, butters, eggs, meats, and local produce. The Kansan column lists prices per unit or weight, with various sellers and product lines across dairy, poultry, produce, and staples.
The report lists various meat and grocery items with prices such as dry salt oxteag bacon extras dry galt Wellies and fancy hams, noting average weights and prices. It includes a Chicago quotation page from June 3 detailing bid and close values for futures and commodities with figures like 4.70 41.30 40.55 40.75 and 22.80 24.0.
New York metal exchange quotes show lead and spelter firm with modest spot to delivery ranges and copper tin futures in London. In Texas Lockhart Caldwell County tops its Red Cross quota, surpassing the $10,000 target by about $3,000. donations tallied five days before the deadline.
Chicago stock notes report bearish corn activity as excellent crop prospects, notably in the United States, led to a price decline. Strong shipments and favorable weather influenced prices, with June corn opening lower and futures sliding to new lows amid local trade and monthly stock data.
New York June 3 Many substantial gains in opening stock market trading reflected confidence in war developments. Industrials and rails rose with Union Pacific and Nerving among the firm issues. Specialties Sumatra Tobacco Mexican Petroleum and Oil Gas showed material gains as Liberty bonds moved lower amid submarine reports. Closing was strong with 4s and 45s fluctuating.
Light to moderate rain continues across Texas with widespread showers. San Antonio reports 1.13 inches since Sunday, with Longlake 5.9 inches and Marble Falls 1.4 inches. others show varied amounts as high pressure lingers over the north and west. In Fort Sam Houston, a government dry cleaning plant is approved to support quartermaster repairs and rehabilitation of army clothing and equipment.
New York market notes show closing bids around 4.76 percent on treasuries and rails. Trading ranges include 4.0 to 4.7 percent with irregularities noted in government and railroad bonds.
An order from Washington at Kelly Field will allow non flying Officers in the aviation section to apply for flight instruction. A special board will select applicants who then undergo physical exams at Robert B. Green Hospital before training with flying instructors. Limited slots mean cadet training remains largely unaffected.
The Federal Reserve Bank of Dallas reports across most sectors of the Eleventh District improved conditions in the last month. Gains seen in cattle, retail trade hits in summer merchandise, and strong Red Cross donations reflect broader optimism. manufacturing maintains capacity, wholesale trade steady amid uncertain factors. Government drought relief funds aided conditions, with cattle range improvements giving a positive outlook. Post office receipts rise sharply year over year, signaling widened activity.
A joint meeting of Albert Sidney Johnston Guay UC V, Bernard G Bee Chapter of the Daughters of the Confederacy and the Sons of Confederate Veterans will observe Jefferson Davis birthday Monday at 8:30 PM in the Main Avenue High School auditorium with HM Ward delivering an address. Other items mention dancing at West End Lake Pavilion weekly, local shop ads, car theft reports, a city sewer farm work crew, and a candidate announcement for State Senator.
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