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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 09, 1917
Page
7
Quotations show middling grade steady with gains across markets. New York and New Orleans close 29 to 39 points higher, while San Antonio spots rise to 22.35 with overall bullish tone fueling daily activity.
In New York, cotton futures rose as trade buying and covering drove gains. July climbed to 23.40 cents and October to 22.89, with the market ending a bit below the day’s best but holding a steady, higher tone.
New York June 9 cotton futures opened firm with July at 23.03 and October 22.65. December 22.72, January 2.79, and March 22.96. The market closed Saturday up to 35 points higher.
In New Orleans during the first half hour of trading, cotton prices advanced 15 to 16 points, reaching new seasonal highs. Demand was moderate, offerings limited, and bullish sentiment drove gains as bear shorts covered, lifting active months 39 to 41 points above yesterday's close.
In New Orleans on July 9 markets show futures closing higher by 35 to 32 points. Liverpool cotton expected to open Monday with prices up 15 to 24 points, signaling a buoyant start for the week.
Real estate firm advertises a ready buyer for a cottage on Tobin Hill or Laurel Heights. They offer to list properties now and invite contact with Mr. Coleman at G. and Hagelstein Crockett 606 for details.
Ten acres truck land located at Angleton Texas population 2000 nine miles south of Houston and twenty miles north of Galveston trade offered for livestock or a small car three lots in Beverly Addition. Phone owner Cr 2565.
Wholesale lists show prices for potatoes onions cucumbers and more from Texas suppliers. Strawberries, melons, canning goods and meats are priced for trade, with ranges for apples oranges prunes and dried beans.
In Washington on June 9 Senator Gore introduced several prohibition amendments to the war bill. Proposals include raising the internal revenue license to 5000 dollars annually and authorizing the President to seize spirits in bond for munition and hospital uses. Additional measures tax distilled spirits and beer, and impose a grain tax on materials used to make spirits.
Chicago reports wheat futures rising after the government estimated U S yield would be 16 million bushels higher than 1916. July and September prices climbed before finishing higher as shortages in Nebraska and Kansas added strength. Corn and oats followed with gains while hog prices declined, yet ignored by buyers.
Quotations from Chicago on June 9 show cash wheat at No 2 red nominal, No 2 hard at 2 dollars. Corn No 2 yellow trades between 1.73 and 1.74 dollars. Barley bids around 1.15 to 1.45 dollars with standard data at 66 to 67 ke.
Grain futures in Kansas City closed with wheat at July 1.3 and September 2.00 while corn posted July 1.65¾, September 1.45 and December 1.06.
June 9 quotations show cash grain values in Kansas City. Hard spring wheat ranged around 2.95 to 3.01 per bushel, No 2 red 2.92 to 2.96, No 3 about 1.67, No 2 white 1.46 to 1.67, with No 2 white near 0.64 to 0.67 per bushel.
St Louis market quotations show No 2 red nominal No 2 at ee No 2 1.71 No 2 white 141% 72. Mater No 2 67c No 2 white nominal.
Metal markets in New York report copper holding firm despite weak demand. Little material available for delivery before August with spot quotations of 32.00 to 34.00 dollars and near-term offers seen as nominal. Third quarter and later deliveries quoted 29.50 to 32.00 dollars. Iron remains unchanged.
Raw sugar steady with molasses at 501 and centrifugal 6.49. Refined steady with fine granulated at 7.50. Denims advanced and gray cottons sold briskly as mills considered business. Raw silk rising with new high levels expected for all dry goods.
Turpentine firm activity in Savannah on June 9 shows firm sales at 11k with receipts 1682 and stock 63,193. Quotations list A B C and W G and W W with several price ranges from about 5.85 to 6.40 per unit, reflecting firm demand and varied stock figures.
New Orleans rice trade reported strong activity on Friday with steady quotations. Clean pockets and sales remained robust, buyers showing continued demand for rough and cleaned rice amid market firmness.
United States Steel Corporation shows an unfilled tonnage of 11,886,591 tons on May 31, a drop of 296,492 tons from April 30, as the company’s report released in New York indicates.
There were no changes Saturday in the wholesale prices of fresh fruits and vegetables eggs butter poultry groceries provisions seeds grains or mill products.
Shippers market reports steady prices with varied commodities. Texas country candied goods fetched 31 032 per dozen while Texas creamery butter stood at 32 to 35 cents per pound and country butter 25 to 30 cents. Poultry values remained steady with hens at 16 cents per pound and broilers at 2.50 per bird. Turkeys quoted 18 to 19 cents per pound, ducks 7 to 8 dollars per dozen and geese around 10 to 10.60 dollars per dozen.
Chicago reports milk product movements with butter down to 39 1/2 cents and creamery grades showing slight declines. Receipts reach 17,131 cases including Firsts at 32 3/8 cents and ordinary Firsts around 30 1/8, while potatoes hold steady and poultry markets show alive prices unchanged with fowls at 22 cents.
Kansas City markets quote butter creamery firsts 39c seconds 38c packing 32 44c eyes firsts 32c poultry hens 17%4c roosters 4c broilers 0c potatoes old 3.10 new 3.40 Elgin Butter Market reports 25 tubs at 39% in Elgin Alabama June 9.
Local provisioning notes list Saturday quotations for packing house goods including dry salt products at 4 cents, bacon extras 26 cents, 14-16 pound dry salt bellies around 265 percent, fancy breakfast and home bacon lines, pure lard 2 %%e, compound 19 cents, American cheese at 290 pounds.
The New York clearing house banks and trust companies report a reserve excess of 6,717,200, down 28,150,510 from the prior week. Loans and discounts total 3,790,284,000, up 95,498,000. Net demand deposits stand at 8,686,625,000, down 504,000,000. State banks and trust companies show varied figures with notable changes in specie, deposits, and reserves.
In New York trading, coffee futures show steadiness with No 7 Rio at 19 percent. September contracts quoted at 7.90 and December at 8.03, reflecting a quiet market ahead of data releases.
Observation note from the Department of Agriculture Weather Bureau dated Saturday June 9 1917 reports wind less than 10 mph and precipitation under 0.1 inch. Allen Bue, meteorologist, notes data not published here.
United States Steel and rail shares recovered late as General Motors jumped 6 percent and Studebaker rose 4 percent. Industrial alcohol hit a new peak at 170, with Distillers Securities up 2 points. overall close marked by strength after an irregular day and about 450000 shares traded.
Trading in Mexican money in San Antonio Saturday showed quotations for silver pesos and various bank notes. Quotes included 7 051 pesos per silver unit, State Bank notes at 16, National Bank notes at 15 16, Bank of London and Mexico at 10 ll.
Mercantile paper and banking bills show varied rates with commercial 60day bills at 471 percent and demand at 475 percent. Government bonds weaken while railroad bonds hold steady as cables and foreign exchange move modestly. Silver values hold around 75 Xe with Mexican dollars near 9c.
London on June 9 reported bar silver at 38 4 per ounce, money at 24 4 per cent, discount rates and share bills around 4 11-16 per cent with three months bills at about 4 per cent.
The northern hog market fell across centers led by St Louis with prices down 1 to 15 cents. Cattle held near steady while sheep stayed nominally steady as overall receipts remained light at the Union Stock Yards.
Fort Worth Texas cattle receipts reach 1200 with steady to lower bids across classes. Reeves cattle range from 7.50 to 127.00, stockers 6.00 to 8.00, heifers 7.00 to 9.00, cows 5.00 to 8.00, bulls 5.00 to 7.25, calves 5.00 to 13.00. Hog receipts 500 down ten cents. heavies 15.40 to 15.50, lights 15.40 to 15.45, mediums 15.20 to 16.30, mixed 15.00 to 15.20, common 14.00 to 14.75, pies 6.60 to 11.50. Sheep receipts 500 unchanged. tombs 14.00 to 15.00, yearlings 12.00 to 13.00, wethers 8.00 to 10.00, ewes 6.50 to 8.00, culls 3.00 to 6.50, goats 5.00 to 7.25.
Hogs receipts 10 000 with mixed and light grades quoted from 14.60 to 16.50 per cwt and heavies about 15.00. Cattle receipts 1 000 with native beef at 13.75, stockers 7.40 to 10.40, calves 9.70. Sheep receipts 2 000 with wethers around 3.0 to 4.0 and ewes near 9.50 to 14.30. springs at 12.00 to 16.00. Market conditions described as slow in hogs and steady in cattle and sheep.
Hogs receipts 400 with prices around 15.10 to 15.66 for bulk and 14.90 to 15.45 for lights. Cattle receipts 200 with market steady. prime fed steers 10.00 to 12.23, southern steers 7.25 to 14.50, cows around 9.50 to 11.00, calves 7.00 to 12.50. Sheep nominally steady with prices 10.00 to 16.95 for various classes.
St Louis cattle and hogs receipts noted with mixed prices. Hogs at 2800 head, lights 16.45, sows 16.70, bulk around 15.10. Cattle receipts steady, native beef steers 7.50 to 13.00, prime southern beef steers 8.00 to 11.50, cows 4.25 to 9.00, calves 5.00 to 14.00. Sheep receipts 100, lambs 12.06 to 16.65.
The Cotton Region States report above normal day temperatures in southern districts while Tennessee stays near normal. Readings reach 100 to 104 in the northwest and east. General rains fell through Arkansas Tennessee northern Mississippi and northern Alabama with light to moderate showers in North Carolina and central Mississippi.
Weather summary shows showers across South Carolina and northern regions of Louisiana Georgia and Texas with heavy local rain totals in Alabama Mississippi Arkansas Oklahoma and Tennessee. Notable amounts include Decatur Alabama 1.42 inches Clarkedale Mississippi 2.02 Batesville 1.62 Calico Rock Arkansas 2.20 Osceola 1.44 Dyersburg Tennessee 1.14 Covington 1.20 McAlester Oklahoma 1.70. Allen Buell Meteorologist Weather Bureau.
Fragmented OCR lists multiple city names and scattered figures with many unreadable sections. The readable parts indicate regional cotton statistics or shipment figures across Galveston Houston New Orleans Savannah Charleston Wilmington Norfolk New York Philadelphia, with a total unprovided.
A fragmentary stock report notes yesterday and last week figures with a deficit this season. It references game day metrics and compares to last year’s stock performance but lacks complete data.
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