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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 07, 1917
Page
11
The Cotton Exchange report notes Wednesday's sharp advance overextended the market leading to a large net loss. Cables show poor sentiment as favorable crop news reduces demand and nerves trigger volatility. New York closes 27 to 35 points lower, New Orleans 24 to 32 lower, San Antonio spots at 21.60.
In New York on June 17 the cotton market opened steady but declined on July while later months rose. July hit 3.00 and October 22.40 before retreating to 22.08 as selling intensified. Rumors of easier spot markets and continental liquidation fueled reactionary sentiment before prices steadied with fresh buy support.
New York on June 7 reports cotton futures opening steady as July reaches 22.95 and October 22.30 with near term enone at 22.50 and January 22.55. Futures closed Thursday 27 to 35 points lower.
In New Orleans on June 7 the cotton market dipped at dawn as poor cables weighed on prices. Fresh buying pushed months higher, with active contracts gaining 4 to 6 points before noon. By midday trading months stood 24 to 27 points below yesterday's close, and by 1:30 p.m. active months were 31 to 34 points under last figures.
New Orleans on June 7 reports steady cotton futures with opening bids at July 22.55 and October 21.62. December 21.69, January 21.81, and March 21.91. Futures closed Thursday with gains of 24 to 32 points.
Spot cotton at Liverpool on June 7 shows strong demand. Prices quoted for good grade 15.00 to 15.57 cents per pound with middling around 15.57 and low middling near 15.25. Sales reported 5900 bales, with 609 bales rechecked for speculation and export. Receipts totaled 599 bales.
Futures listed for June 14 to March April contracts with values: June 14 934 July August 14624 September October 14124 October November 13.84 December January 13.67d January February 13624 March April 13464. Open status noted as due to open. Liverpool market ready to open Friday within a 14 to 22 point range.
Small ad advertises sale of dishes cooking utensils bedding at very low prices. Apply at 312 E Nueva St for light house keeping items.
Chicago market notes ongoing unusual activity in corn with prices weak after an early rise. July futures hover around 1.54 dollars while September trades near 1.43, with general profit taking and outlook for warmer weather shaping cautious sentiment. Wheat shows support from clearances and stock declines while bears loom on a forthcoming government crop report.
Chicago market notes on June 7 show grain prices with wheat quoted nominally and corn at No. 2 yellow around 1.72 per bushel. Barley futures range roughly from 1.20 to 1.50 with standard 45 percent protein quality referenced.
Quotations today list cash wheat at No 2 hard 2.80 to 2.88 dollars, No 2 red 2.78 to 2.82, corn No 2 mixed 1.62 to 1.64, No 2 white 1.62 to 1.63, oats No 2 white 67 cents, No 2 mixed 64 to 65 cents.
Kansas City prices show Wheat July 2.22 and September 1.96. Corn values posted July 1.51 Sept 1.35 and December 7.0 percent.
Quotations for ten days show cash wheat at No 2 red around 2.86 to 2.88 dollars, and corn No 2 and No 2 white at about 1.68 dollars. The report from St. Louis, Missouri, dated June 7, lists prices for cash grain commodities.
D M Goodwin for southeastern railroads told the Interstate Commerce Commission that a 15 rise would trigger lumber rate increases of one cent per hundred pounds from the Mississippi Valley and southeast to the Ohio River. He and shippers agreed the average rise would be well below 15 percent.
Observations at 8 a m Thursday June 7 1917 report wind velocities under 10 miles and precipitation under .01 inch not published. Allen Buell meteorologist with the Weather Bureau notes the data from the Department of Agriculture bulletin.
Local market reports show new crop garlic up 10 cents. Otherwise wholesale prices for fruits vegetables eggs butter poultry groceries provisions seeds grain and mill products remain unchanged on Thursday.
Prices move Thursday with shippers charging to retailers or paid to shippers after commission. Leg prices steady with Texas country candled 33 to 32 cents per dozen. Butter and dairy firm with creamery at 82 35 cents per pound and country 25 to 30 cents. Poultry steady as hens 16 to 17 cents per pound, old roosters 11 to 13 cents, large springs 30 cents, mediums 28 to 34 cents, small springs 26 to 31 cents, broilers 2.50 to 3.00 per dozen, turkeys 18 to 19 cents per pound, ducks 7.00 to 8.00 per dozen, geese 9.00 to 10.60.
Chicago market report shows creamery items with prices around 36 cents for firsts and 32 38 cents for ordinary, potatoes steady, new receipts 25 cents, and poultry alive higher with fowls at 22 cents. Texas Louisiana and Alabama prices listed at 5.50 and 3.60, with old receipts 7 cars at 42.78.
Creamery firsts 39 cents second s 38 cents packing 32 cents Wye eggs firsts 32 cents Poultry Mena lic roosters lic broilers 20 cents Potatoes Old 3.10 new 3.40 per unit listed.
Local packing house quotations for dealers include dry salt extras 24 cents bacon extras 26 cents dry salt bellies 14-16 pound average 25 cents fancy breakfast bacon 4 cents fancy hams or bacon bellies 14-16 pound average 1 cent Pure lard 22.5 cents compound 19 cents American cheese 2 cents per pound.
In New Orleans on June 7 rough and clean rice prices and receipts are reported. Rough Honduras and Japan values shown with various bid prices. No sales recorded. quantities include 386 rough sacks and 17 484 clean pockets with several grades and tonnage listed.
Turpentine firm shows 39 percent sales with receipts 443 and shipments 206, stock 14 712. Resin firm posts sales 1413, receipts 1985, shipments 3410, stock 82 856. Quotations listed with various grade prices from A to W. G and W. W notes and prices ranging around 5.50 to 6.45 per unit.
At Union Stock Yards June 7 the northern cattle market was steady while hogs and sheep showed irregularity. Hogs ranged from 10 cents higher at Fort Worth to slow at Chicago and sheep from 25 cents higher at Fort Worth to weak at Chicago. Cattle, calves, horses, and hogs receipts totaled 480 with city trade comprising 38 cattle, 17 calves, and 11 hogs.
Fort Worth market reports show cattle receipts around 6500 with prices from 5.00 to 12.00 for calves and cows 5.00 to 8.00. hog receipts 10,000 with heavy 15.60 and lightweight 15.60. sheep and goats receipts 1600 with mixed prices from 5.50 to 15.00 and a 25 cent rise posted.
Receipts at Chicago on June 7 show 19000 hogs with a slow market and pig prices from 10.50 to 14.75. Cattle receipts reached 6000 with a steady market and ranges from 6.20 to 14. calves to 14.25. Sheep receipts 7000 with a weak market and lambs 9.50 to 14.50, wethers 8.30 to 10.80.
Receipts and quotations for Hogs Cattle and Sheep at Kansas City market show totals and price ranges. Hogs: receipts 7000. bulk 15.10 15.80. heavy 15.75 16.85. light 15.00 15.60. pigs 13.50 14.75. Cattle: receipts include 600 southerns. prime fed steers 12.50 13.50. dressed beef steers 10.00 12.25. southern steers 7.00 12.50. cows 6.22 11.00. heifers 8.00 10.50. stockers 7.35 10.76. calves 7.00. Sheep: receipts 2600. lambs 13.50 16.50. yearlings 12.00 14.00. wethers 10.50 12.25. ewes 9.75 12.00. stockers 7.00 13.00.
In St Louis on June 7 the livestock market shows receipts of 7500. Cattle receipts total 2400 with natives and western stock steady. beef, cows, yearlings and calves priced from 4.25 to 14.00. Sheep receipts 500 with market steady. clip lambs 13.00 to 14.00, clip ewes 7.00 to 10.00, spring lambs 12.0 to 16.60. Prices quoted for hogs include 10.00 to 16.80 for various grades.
New York sugar prices show Cogtenas at 5.89 with molasses at 5.01 and fine granulated at 7.50. The brief listing also notes miscellaneous items tied to Orem Street Maddy.
Finished cottons advanced and gray goods remained firm on June 7 in New York. Spot scarcity supported knit goods while yarns climbed to near prohibitive levels, signaling tight supply across key textile segments.
Wheat harvesting is in full swing across Texas with reports from the Texas Grain Dealers' Association showing higher yields per acre than in recent years though total wheat acreage is down from last year.
New York stock market opened with bullish enthusiasm lifting major industrials to near year highs. United States Steel traded 132 1 2 to 132 1 2, Bethlehem Steel rose 2 3, Industrial Alcohol gained 3, other war stocks rose 1 to 3. rails lagged. Late profit taking trimmed many gains and the close was irregular.
Cotton statistics show 848,696 bales in stock on the report day, down from 888,949 the prior week and 998,866 the previous year. The deficit for the season stands at 150,170 bales.
The bulletin covers temperatures, rainfall, and weather for the Houston district over 34 hours ending 8 am. Temps were mostly above normal elsewhere in the cotton region, with several southern stations above 95. General rains hit Tennessee, southern Arkansas, northern Mississippi, and Alabama, with light to moderate showers in northwestern Georgia and southwestern South Carolina. Heavy rains occurred in Arkansas at Marianna 1.12, Texarkana 1.20, Clarksdale 1.38, Batesville 1.88 inches. Allen Buell.
Trading in Mexican money in San Antonio Thursday showed bids for Perote sacs at half pesos, State Bank notes at 8 15, National Bank notes 1h, Bank of London and Mexico at 10, with asks at 5.
Time loans 4 percent. Call money firm. Closing bid 34. Mercantile paper Sterling 60 day bills 472, commercial 10 day bills on banks 4714, commercial nos 471%, demand 475%. Cables sil wligers Demand 405-16, cables Rar. Silver 75%. Mexican dollar 8c. Government bonds weak.
London reports bar silver at 8%4d per ounce and Morey at 34,444 per cent. Discount rates list its wills at 4 11-16 per cent and three months at 4% per cent.
Lead strong and spot Spelter quiet as East St. Louis delivery bids 9 to 9. Copper firm with electrolytic spot and nearby at 52.00 to 34.00 dollars and later deliveries 29.00 to 32.00. Tron prices varied with No. 1 northern at 47.00 to 48.00 and No. 2 at 46.75 to 47.75. No. 1 southern 46.00 to 48.00 and No. 2 around 45.60 to 46.50. Tin strong with spot 61.00 to 61.50.
In New York on June 7 prices for No. 7 coffee futures were steady with July at 17.76 and September shown but incomplete, indicating a calm trading session for the market.
London reports from Parliament show wartime home life disruption fuelling juvenile crime. Lord Sandwich cites 34 percent rise in young offenders across seventeen cities and blames street fakery lack of playgrounds and moving picture shows. He urges broader Boy Scout democratization to reach street youths.
Beaumont Texas June 7 The Magnolia Petroleum Company announced the purchase of liberty bonds valued at $540,000.
The United States exported 33.176 million more than it imported in May. The government reports gold on hand totaling 3.088 billion dollars, about one third of the world’s total supply.
Prince Koudacheff, Russian minister at Peking, reports to the foreign office that Moscow will keep him in charge of the legation in China. Russia also plans to send a special envoy to confer a high honor on President Li Yuan Hung and to thank China for recognizing the Provisional Government at Petrograd.
The gas company manager questions an applicant for a meter inspector job and states they do not tolerate drinking in employees. The applicant says one drink makes him see double, and the manager suggests permitting one drink each day before starting meter inspections.
Mexico City regulation bans killing bulls in public fights but allows novilladas. Society women urged Carranza to sanction a killing bullfight for Red Cross funds. he declined. The note compares public reception to a bunt-only baseball game.
Germans in Mexico display national symbols at public events and along embassy cars. In bullfights the chief fighter used banderillas with German flags while locals cheered. Local papers advertise free German language instruction from the German college.
Lorenzo Sepulveda director general of public charity orders all institutions under his charge to cultivate lands held by them that are suitable for agriculture and to dedicate the harvest to supporting the institutions. The directive aims to increase self sufficiency and aid operations.
Stockholm taxes for the year 1916 amount to 36 dollars per person. Taxation has increased 36 percent over sixteen years, reflecting a steady rise in public assessments.
A long list of wholesale prices for fresh vegetables and fruits in Texas and California markets. Includes potatoes, onions, tomatoes, peppers, cabbage, lettuce, corn, beans, strawberries, apples, oranges, and various dried fruits, plus coffee, sugar, canned goods, flour, and seeds. Also notes about hides, tallow, and bulbous plants in storage.
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