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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 20, 1917
Page
15
An advertisement rates notice promotes want ads for the Fort Worth Star Telegram. It proclaims 60 percent higher net paid city circulation and a larger total net paid circulation than any Fort Worth newspaper, with about 400 towns in West and Northwest Texas in reach. Daily net paid over 36,000 and Sunday over 40,000.
City commissioners enact an ordinance requiring grubbing and removal of weeds brush rubbish and other unsanitary matter from real estate within city limits to prevent stagnant water and disease. The measure declares such nuisances a public necessity allows the city to perform work at owner cost and to foreclose liens for recovery.
The day’s cotton report shows a sharp price drop across New York and New Orleans with futures trading halted briefly in Liverpool. New York closes 66 to 82 points lower from yesterday, New Orleans 59 to 68 points down, while San Antonio posts spots at 24.45 and Liverpool suggests liquidation trading.
Prices moved sharply as stop orders were uncovered and October contracts fell to 24.49 with December at 24.53. The decline reached 173 points from the previous close, dropping over two cents per pound from yesterday's highs. Brief rallies followed on covering before Liverpool cables limited liquidation trading to 17:25 pence for October.
Prices for July through March contracts show declines at the open with July at 25.90 to 25.95 and October 25.75 to 26.50, while December 25.65 to 25.56 and January 25.65 to 26.65. several figures for highs and closes are noted for Tuesday.
The managers of the New York Cotton Exchange decided it inadvisable to grant a ballot on closing the exchange Saturdays beginning June 23. The decision was announced on June 2 in New York.
Heavy liquidation from the Liverpool future department pulled New Orleans cotton lower. In the first half hour active months fell 3 to 90 points from yesterday’s quotes. the market remained soft, with a morning decline to 165 to 182 points. By noon the tone softened to 84 to 114 points down, after a partial afternoon recovery.
Heavy liquidation and a sharp break in the cotton market followed news that Liverpool had temporarily closed for conferences with the board of trade. October dropped to 25.05 while December fell to 25.20 as selling intensified amid limited U S supply and bearish sentiment.
The New Orleans cotton market opened irregular with July at 25.50, October 25.14 and December 25.10 asked. Futures closed lower by 69 to 68 points from prior levels, showing varied highs and lows across the contract curve.
Liverpool June 20 spot cotton steady with good middling at 19.65, middling 19.38 and low middling 19.00. Sales totaled 8900 bales, including 800 for speculation and export. Receipts were reported as none.
The report lists monthly rate figures in pence and dates: June 20, June 18.75 cents, July-August 18 30d, September-October 17.674, October-November 17.254, December-January 16.70d, January-February 16.60d, and March-April 16.424.
New York June 20 cotton seed oil quotations today were given with market activity and pricing trends noted by dealers.
Chicago reports show improved U S crop prospects easing wheat prices with July at 2.01 and September at 1.50 as drought breaks in North Texas and Oklahoma ease corn. Embargo fears on grain exports and higher hog prices supported pork and ribs while oats followed corn trends.
The ordinance empowers the City Health Officer to abate nuisances by removing weeds brush rubbish and other unsanitary mater on property and to charge costs to owners with a privileged lien second to taxes. It repeals the 1915 ordinance and takes effect after passage and approval on June 11 1917.
Quotations from Chicago show No 2 red wheat at 2.35, No 2 hard nominal. No 2 yellow corn at 1.68 to 1.69 and oats at 65 cents, rye at 2.40, barley at 1.10 to 1.48 per bushel with varied figures on feed.
Quotations today show No 2 hard wheat at 2.53 to 2.65 dollars, No 2 red at 2.55 to 2.66, mixed at 1.65 to 1.66, No 2 white at 1.66. Oats No 2 white 67 cents, No 2 mixed 67 cents.
The Liverpool Cotton Exchange closed temporarily after a brief trading period amid unusual price movements. Yesterday’s highs showed gains of 148 to 182 pints, with futures markets in both American and Egyptian trading halted pending talks with the board of trade. Liquidation trades limited to 17.25 pence for October through Friday close.
Kansas City grain futures moved lower with July wheat at 2.05 and September at 1.80. July corn 1.66, September 1.38 and December 1.03 were quoted as the market edged down.
In the local market wholesale turkey prices fell to 15 and 16 cents per pound on Wednesday. Poultry, butter and eggs remained steady, Texas sweet peppers priced at 1.25 per four bushel basket, corn eased to 25 cents a dozen ears, and Texas strawberries and cherries were unavailable. No changes occurred in wholesale prices of groceries, provisions, seeds, grains, mill products or hides.
Shippers report steady Megs pricing and mixed changes across Texas items. Butter remains steady at 82 to 85 cents per pound from creamery and country markets. Poultry prices decline for hens and roosters, with large to small springs and broilers listed per dozen or per pound. turkeys, ducks, and geese show varied per pound and per dozen values.
Quotation figures show bitter steady with creamery at 36 to 36.5 cents and potatoes unchanged. Receipts total 31,151 cases with firsts and ordinary firsts near 28 to 29 cents. Poultry prices hold with alive birds steady and fowls at 2 to 3 cents each. Arkansas Oklahoma meat prices cited at 3.36 to 3.50, Louisiana Texas at 3.25 to 3.50 per unit.
The item list shows Butter Creamery at 15e firsts 33i.0 seconds 3ic packing 2%e. Eres Firsts 29c Poultry Hens 1540 roosters 14 cents brotiera 26¢ Potatoes New at 3.15 dollars.
Provision Markets lists Wednesday quotations for packinghouse products including dry salt extras at 24 cents, bacon extras at 26 cents, dry salt bellies 14-16 pounds averaging 26.4 cents, fancy breakfast bacon 40 cents, fancy hams and bacon bellies with 14-16 pound averages, pure lard 2.3 cents, compound 13 cents, American cheese 19 cents per pound.
Market brief from Chicago lists daily quotations for Park stocks with open high low and close figures for July option contracts. The report shows July close near 38.88 and 39.11 with variations in July access and related rib contracts trading around 21.60 to 21.85.
Turpentine and rosin markets in Savannah Georgia on June 20 show firm sales and receipts figures. Turpentine receipts 454 shipments 290 stock 18.20 rosin receipts 962 shipments 997 stock 63.40 quotations listed for multiple firms with various identifiers.
Quotations show Wheat and Corn prices with No 2 red and hard wheat, No 2 corn at 1.67 dollars, and No 2 white varieties listed. Gate quotations are nominal for No 2 and No 2 white.
In Minneapolis on June 20 flour prices fell from 60 cents to a dollar per barrel. Fancy-ware quoted at 14.25 and first-class sold at 12.50 as market quotes showed a notable drop.
The attorney general's department approved a 15000 Kerr County road improvement bond issue for District No 2. The bonds carry 5 percent interest, mature in 20 years with an option to extend for 6 years.
Metal markets report dull activity in lead with spot prices around 11 to 12 percent, Spelter steady in East St. Louis delivery, and copper holding firm with electrolytic spot near 23 dollars. Iron prices remain firm across No. 1 and No. 2 grades, with No. 1 northern around 49 dollars and No. 2 about 48 dollars. Tin strengthens with spot around 63.50 dollars.
The Texas Department of Insurance and Banking has amended licenses for two more insurers to write war damage and war risk coverage in Texas. This brings the total licensed writers to 15. The Royal Insurance Company of Liverpool and the Orient Insurance Company of Hartford are the new entrants. It is believed substantial war risk business is flowing, especially at border points and Texas ports.
U S Department of Agriculture Weather Bulletin issued by Allen Buell meteorologist for the Weather Bureau provides a standard weather advisory. The bulletin notes atmospheric conditions and expected trends for the region covered by the Weather Bureau during the current period.
London market bulletin lists lead spot 30 10s futures 29 10c, spelter spot 154 futures 50, copper spot 1130 futures 129 10s electrolytic 142, tin spot 1241 futures 259.
New Orleans on June 20 reports rough and clean risk steady as quotations hold. Receipts show rough at 19 sacks millers, 48 sacks clean at 485 pockets with 6485 pockets reported. Sales feature Clean Honduras at 30 pockets.
Reports to the Department of Labor say city boys are moving to rural work, with over 20,000 already in the country to aid food production as part of the United States boys' working reserve. Chile promotes domestic chinchilla farming, a formerly wild species. A new bubbling drinking fountain attaches to kitchen sinks without hindering use.
The Railroad Commission issues a notice of hearings for Tuesday July 10 to review a proposed readjustment of rates on transport of merchant iron wire nails and staple wire between Beaumont Houston and Port Arthur Houston.
New York sugar prices listed with June 20 figures show refined and centrifugal grades holding steady. Centrifugal sugar at 5.96 dollars and fine granulated at 7.50 dollars per hundredweight, with melisses and other grades near 5.08 dollars.
New York reports cloth markets strong on Tuesday with trade tight as sellers hold back while cotton fluctuates. Dress goods advance rapidly and burlaps remain firm amid active price movement.
June 20 Union Stock Yards report shows northern hogs up about 6 cents at all centers except Fort Worth where demand stayed strong. Cattle mixed from steady to 75 cents lower in Fort Worth, with Kansas City firmer, sheep showing strength, and local cattle trading down 25 cents. Receipts list cattle 218, calves 280, horses 6, hogs 26. city-trade totals 212 cattle, 263 calves, 26 hogs.
Fort Worth Texas cattle receipts 11000 with prices for stockers heifers cows bulls calves and Reeves cattle range from 5.00 to 12.00. Hog receipts 1100 with price spread from heavy 16.50 to common 14.75. Sheep receipts 4000 with lambs 16.00 to 17.00 yearlings 14.00 to 15.00 and ewes 9.90 to 10.50. Goats bring 5.30 to 5.75.
Chicago market report shows hog receipts about 26 000 with ranges from 14 90 to 16 15 for different grades. Cattle receipts around 16 000 with native beef cattle 8 75 to 13 75 and calves 11 00 to 15 65. Sheep receipts about 8 000 with wethers 9 2 to 11 60 and lambs 10 75 to 16 60.
Kansas City market notes show hogs receipts at 10 000 up from yesterday. Heavy hogs quoted at 15.60 to 15.95 while night hogs bring 14.75 to 16.50. Cattle receipts total 11 000 with prime fed steers at 12.50 to 13.50 and dressed beef steers 10.00 to 12.15. Southern cattle 7.50 to 12.25, cows 6.50 to 11.00, stockers 7.50 to 10.75, calves 7.00 to 12.25. Shoop line shows strong to 10c higher, lambs 16.00 to 18.00, yearlings 10.00 to 12.25, wethers 9.00 to 11.00, ewes 8.75 to 10.75, stockers 7.00 to 13.00.
Hogs receipts 10000 and rising. lights 15454 15.85. pigs 10009 to 14.25. mixed and butchers 1550 to 1605. cattle receipts 6500 with native beef steers 710 to 118.50. yearling cattle and calves. sheep receipts 1500 with clipped lambs 13.00 to 15.50 and spring lambs 12.00 to 18.15. prices vary by grade and class.
The list shows wholesale pricing to trades for Texas and California produce. Items include potatoes, onions, cucumbers, tomatoes, okra, peppers, beets, carrots, cabbage, radishes, celery, turnips, lettuce, squash, corn, beans, rhubarb, and various fruits with per unit, per crate, or per box rates. Prices reflect delivered goods with shippers paid by buyers and note regional origin.
A dense catalog page lists prices for dried fruits, canned goods, sugars, coffee, rice, molasses, honey, canned fruits and vegetables, meats, sardines, and Mexican products. It includes per pound and per hundredweight rates, case prices, and bulk quotes for items like raisins, peaches, apples, prunes, apricots, dates, sugar, coffee, rice, flour, beans, meal, corn, oats, hay, sorghum, alfalfa seed, millet, Sudan, kafir corn, Milo maize, and cane seed with various lot sizes and delivery points.
Cool weather prevails across the South Atlantic states with temperatures 6 to 12 degrees below normal. heat continues in Northern and Western Texas with 96 to 100 degrees. Rains vary from heavy in Northern Georgia to light in Northern Florida and parts of South Carolina and Tennessee. prospects show only fair cotton conditions overall and crop progress is late.
Irregular finish in early trading with United States Steel Westinghouse and American Smelting shares up fractions. Motors and Saxon led gains while rails lagged on weather and adverse conditions in the Southwest. Final seen as uneven after rallies from intraday lows and a call money rate near 6 percent.
Trading in Mexican money showed bids and asks for silver pesos and half pesos, with state bank notes and National Bank notes also listed. Bank of London and Mexico quotes at 11 1/2 to 12 percent, reflecting early exchange conditions.
New York reports show dollar money strong with high and low rates for 60 and 90 day loans. Ruling rate stands at 6 and last loan at 6 with 5 percent offered at 6. Analysts note steady but modest gains across short term instruments.
Mercantile market summaries show Sterling 60 day bills at 472 and 6 day bills at 4714. Banks demand remains at 475 and 475. Guilders and Mexican dollars cited with varied quotes. Government and railroad bonds remain heavy as traders assess scarce liquidity.
June 20 report shows bar values and discount rates with short term notes at 41 15 percent and three month bills at 44 percent. Details indicate a focus on 39 percent per ant per cer and overall market terms.
Treasury data from Washington reports general fund balance at 315.8 million dollars after close yesterday. Receipts total 26.885 million with payments of 4.46 million. Surplus for the fiscal year stands at 35.61 percent, with a deficit avoided due to Panama Canal debt transactions.
Four new inter-insurance concerns received licenses from the Texas State Department of Insurance and Banking for the current year. The agencies named are Consolidated Underwriters of Kansas City Missouri, Bank Inter-Insurance Alliance of Kansas City Missouri, Southern Lumber Underwriters of Orleans Louisiana, and Utilities Indemalty of St. Louis Missouri.
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