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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 01, 1917
Page
11
The Cotton Exchange notes fresh Washington advice boosting near term demand with light trading. New York closed 1 6 points higher to 6 points, New Orleans steady to 7 points higher, as near months were supported by bullish spot activity and modest selling.
Fresh international affairs news from Washington influenced trading in New York cotton. Opened steady with a small advance, then fell 1 to 3 points. May and October contracts dipped but steadied around 16.48 and 16.82 as covering and near month buying supported prices. By midday May hovered near 16.69 and October near 15.90, with limited activity and a later rally lifting old crop slightly while new crop stayed quiet.
Cotton futures in New York opened steady on March 1 with March at 16.00, May and July around 16.60, and October near 15.89. Futures closed 1 to 6 points higher as trading range and prices reflected modest gains across contract months.
Fragmented OCR notes indicate a Liverpool opening Friday at 5 with 107 point lead and several garbled references to times and codes. The text includes stray terms like New York Call and March and various unreadable sequences, hindering a coherent report.
The Youths Companion recounts how General George R. Smith founded and named Sedalia in 1859. Born in Virginia and raised in Kentucky, he settled at Georgetown and built the Missouri Pacific line. He planned Sedville for his daughter Sed, but a friend renamed it Sedalia for a more distinctive town.
In New Orleans on March 1 poor cables and world tensions weighed on cotton. Active months fell 11 to 15 points in early trading as rains in Texas spurred selling. A 1700 bale hedged line moved to southern mills prompting moderate buying, with prices at noon recovering to 4 points over or near yesterday’s close before mild gains by 1:30 pm.
In New Orleans on March 1 cotton futures opened quiet with early bids around March 16.42 for the March contract and 16.26 for May, while July and October bids traded near 16.20 and 16.45 respectively. Prices closed mixed, with overall moves modest and several contracts showing slight gains.
Liverpool market notes spot cotton steady with good middling quoted at 11.69 pence per pound and middling around 11.49. Sales listed at 1000 for speculation and export while receipts reach about 9000 bales.
A curious city boy moves to the country and, after seeing an electrical switch installed at the public school, indignantly declares he will return to town because he won’t attend a school where they do lessons by electricity.
United States Department of Agriculture Weather Bulletin reports 7 am observations for Thursday March 1 1917. Wind speeds under 10 mph and precipitation under .01 inch are not published. Meteorologist Allen Buell Weather Bureau.
Liverpool reports futures barely steady with a chain of near identical quotes across numerous monthly spreads from March through March-April 9.76d. The list shows consistent slight adjustments and minor deltas marking cautious pricing in the period.
Stock figures from Galveston and multiple East Coast ports show mixed results for yesterday and the prior periods. Data indicates deficits for the season with totals around 508 thousand bales in the latest figures and 231 thousand in a nearby period amid uneven regional demand and trade flows.
Chicago March 1 Wheat offerings were large yet absorbed as the market tends higher. May priced at 1.81 to 1.8142 with July at 1.54% to 1.55 before closing unsettled and up ½ to 1% from yesterday. Corn edged higher after a shaky start while oats held. Hog prices supported firmer provisions.
Quotations for March 1 in St Louis show No 2 red wheat at 2.03 to 2.04, No 2 herd at 1.95, No 2 at 1.01 to 1.45, No 2 white at 1.03, and No 2 white nominal, with various cents per bushel ranges noted.
Quotations today show wheat at No 2 red nominal and No 2 hard 8? Potatoes at 93% yield. Corn No 2 yellow $1.024 to $1.03, oats standard 58 14, barley $1.00 to 1.28.
Wheat prices quoted for hard and red at 1.90 to 1.96, corn values at 0.94 to 1.00, oats listed as No 2 at 0.59 to 0.60, No 2 white around 1.00, Kaffir corn and milo maize at 2.42 to 2.60. Evincing a mixed grain market with varying grades and prices.
Grain futures ended trading in Kansas City with Wheat May rising to 1.50 to 1.80 percent higher and July and May and July contracts showing fractional gains.
Shippers report firm packer and creamery prices with EB markets steady. Texas country butter ranges 25 to 34 cents per pound with creameries 30 to 34c. poultry values show hens large to small and friers in the 5.60 to 9.00 range, broilers 3.60 to 4.00, turkeys 21.40 cents per pound, ducks 7.00 to 8.00 per dozen, geese 12.00 to 15.00.
Chicago reports mixed prices with eggs unchanged and creamery prices around 82 40, milk products rising as fags higher. Receipts total 336 cases and potato supplies cheaper at 83 cars. Regional white potatoes priced at 2.60 to 2.75, poultry alive higher with fowls 19 cents and springs 1 cent.
Kansas City market prices list butter creamery 42c firsts 40c seconds 36c packing 26c eggs firsts 28c poultry hens 18 cents roosters 15c turkeys 25c.
Local packing house quotations to dealers Thursday list dry salt extras at 19 cents bacon extras 20 cents dry salt bellies 14 16 pound average 20 cents fancy breakfast bacon 30 cents fancy hams 24 cents bacon bellies 14 16 pound average 22 cents Pure lava 20 cents compound 15 cents American cheese 28 cents per pound.
Union Stock Yards reports a mixed day with cattle weak to 10 cents lower at Fort Worth while hogs gain 5 cents. Northern centers remain steady though overall receipts are light. City trade mirrors the weaker cattle and uncertain hog demand with 992 cattle and 132 hogs reported received.
Fort Worth traders report cattle receipts around 3000 with a weak to ten cent lower trend. Hogs receipts about 6500 up five cents with top bids near 12.85. Sheep receipts 1900 with steady markets and lambs around 14.00 to 15.50 while yearlings fetch about 12.00 and ewes around 10.00.
Chicago market report for March 1 shows hog receipts 25 000 with steady market and price ranges for bulk merit mixed heavy and pigs. cattle receipts 000 with native beef and western steer prices listed. sheep receipts 10 000 with steady market and prices for wethers and lambs.
Kansas City reports receipts of hogs 6500 with a steady market and prices from 10.00 to 13.45 for various sizes, cattle receipts 2000 with prime fed steers at 11.25 to 12.00 and cows to 10.00, stockers to 10.30, and sheep receipts 6000 with lambs 13.75 to 14.35 and other sheep prices.
Receipts and hog market data from Saint Louis dated March 1 show hog receipts around 12,000 with steady trade and price ranges for lights and heavy hogs. Cattle and beef steer categories include native and Texas quaran tine steers with prices and ranges, plus sheep with receipts about 500 and steady values for lambs and yearlings.
New Orleans reports firm rough rice prices on Wednesday with receipts of 6423 sacks rough and 6423 sacks millers while clean rice totals show 4000 pockets. Sales include 210 sacks each for Rough Japan and Blue Rose and 2188 pockets Honduras clean, plus 1712 pockets Japan and 2835 pockets Blue Rose. quotations mark Clean Blue Rose at 3 1/2 cents with other grades unchanged.
In Savannah on March 1 turpentine shows quiet activity with 35 receipts and 121 shipments part of a 13,690 stock, while resin remains firm with 216 receipts and 78,355 stock. Quotations span B through W with prices from 6.00 to 6.70 dollars per unit.
New York dispatch reports cotton goods firmer with colored goods at high values or at value. Yarns show a rising tendency while worsted yarns are firm. Burlaps ease and hosiery remains firm and higher.
New York and London markets show lead firm at 33 to 35 dollars for second quarter and 31 to 32.50 for third quarter. Iron steady. Tin strong with spot 51.50 to 52.00 dollars. London quotes list lead 30 pounds 106s, spelter 47 pounds, copper spot 130 pounds, futures 136 to 168, tin spot 200 pounds, futures 200.
New York sugar prices show raw sugar centrifugal at 5.39, molasses at 4.52, while refined grades hold firm with fine granulated at 0.875 dollars. Market observers note steady demand as trading remains cautious in early March.
The New York market faced irregular closing as heavy selling followed overnight disclosures on an international crisis. United States Steel Bethlehem Steel and other leaders fell, while rails like Reading and New York Central saw pressure before a late recovery in industrials.
Time loans firm with 60 and 90 day rates at 334 per cent and six months at 44 per cent. Call money steady with high 219 and low 234, ruling rate 2 percent. Last loan 2 to 24, closing bid 24, offered at 24 percent.
New York March 1 mercantile paper 4 percent. Sterling sixty day bills 4 7 1 percent, commercial 6 9 day bills 4 7 1, commercial cables 4 6 0 day Dhilly 4 7 0 4, demand 4 7 5 1 percent. Cables 4 7 6 7 16. Guilders demand 4 0 percent, cables 4 0 7 16. Bar silver 7 6 percent. Mexican dollars 5 9 percent. Government bonds steady, railroad bonds heavy.
London reports show bar silver at 374d ANE Money with a 4 percent discount rate. Short and three month rates listed at 54.65 percent.
Arrived El Cid from New York Igorz Mendi from Span Philadelphia. Sailed El Sol from New York Fort Bragg Cardenas Vera barrios. Hubby’s Advice comments on steel helmets and spring hats urging early purchases before mills raise prices.
Wholesale provisions saw 11 to 1 cent rises led by dry salt extras to 19 cents and bacon extras to 20 1/2 cents. Cuban tomatoes reach 3 75 per rear crate, strawberries at 4 per crate, spinach 6 cents per pound, California oranges 3 50 per box. Butter eggs and poultry unchanged. poultry receipts remain light and market firm.
A broad list of wholesale trade prices for fresh produce and staples across states. Items include potatoes at 4.75 per hundredweight California Colorado Oregon onions 12.00 California 60c per bunch Texas tomatoes 3.75 per six barrel crates, cauliflowers 200 per crate, strawberries 4 per crate, and various dried fruits, grains, meats, and nuts with multiple regional rates and unit measures.
In New York on March 1 traders observed a quiet session with limited price movements. Quotations for various cotton grades showed small fluctuations amid subdued buying and selling activity.
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