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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 07, 1917
Page
9
Quotations from principal cotton markets show mixed moves with New York and New Orleans opening higher or lower. News of German submarine losses spurred selling, while late rumors of armed merchant ships supported some rallies. San Antonio and Liverpool values are noted with regional disparities.
The New York cotton market opened steady with advances of 7 to 17 points amid higher Liverpool cables and bullish South spot talk. Traders sold to liquidate fears of German submarine tonnage and later covered as rumors proved based on Berlin advices. May slipped to 17.40¢, July to 17.27¢, October to 16.47¢, with later rallies and a firmer tone into afternoon trading.
New York cotton futures closed steady with March at 17.90 cents per pound and May at 17.78, July 17.69, October 16.70, and December around 16.47 to 16.65. The session ranged with moves from 8 to 4 points.
Liverpool faces an 11 o'clock call as New York leads by a margin of 17 to 65. The standoff centers on the late stage as teams prepare for the Thursday opening window.
Early trading shows prices 11 to 16 points above yesterday as buying picks up. Profit taking and bullish pressure push values down to 28 points under prior close by noon, with a $2 per bale drop from peak. Rumors of President Wilson arming merchant ships lift sentiment in afternoon trade, narrowing losses.
In New Orleans on March 7 cotton futures opened steady with opening bids for March 17 at 62 cents, May 17 at 80 cents, July 17 at 21e, and October 16 at 400. December 16 at 48 cents asked. Futures closed unchanged to 43 points higher with volumes modest and market chatter light.
Liverpool cotton market reports strong spot prices with good middling values around 11.99 to 11.71. Sales total 7009 bales with 1000 bales for speculation and export. Receipts recorded at 3006 bales.
Liverpool market reports futures for March 2 and March-April 11 with seeds of price quotes. The data shows continuous contracts from March to next February with small fractional pence movements and several spread figures.
At 7 am Wednesday March 7 1917 observations listed by the Weather Bureau meteorologist Allen Buell note wind under ten miles per hour and precipitation under .01 inch not published.
Copper closes firm with electrolytic spot and near term quotes. Second quarter at 23,004,325.00 nominal and third quarter around 31.50 to 32.50. Tin stays firm with spot around 53.60 to 55.50. Lead shows firmness with 10 percent asked.Spelter offers East St. Louis delivery at designated asking levels.
The cotton goods market remained firm on Tuesday with yarns showing strength and prices edging higher. Retail sales were quiet, but sport silks were active and men's wear stayed firm and quiet throughout the session.
The Northern hog market advanced at all centers with Fort Worth up 5 to 40 cents and Kansas City at 14.80. Cattle and sheep stayed firm as receipts edged higher. city trade totals show 123 cattle 33 calves 52 hogs among receipts of cattle calves horses hogs.
New York March 7 An increase of public interest appeared at the open with activity centering on specialties especially shippings which rose 1 to 2 points. Coppers and related sectors such as Bethlehem Steel Central Leather Baldwin Locomotive American Woolen and sugar shares saw gains wiped out by midday due to rail and international bond weakness. The afternoon remained irregular with reversals in industrials and steel and marine preferred at low levels in the final hour.
Chicago reports a day of mixed grains with wheat slipping due to weak support and West snow moisture. Traders note government reserve uncertainty and a heavy hog market lift that failed to offset declines. Corn followed wheat lower while oats tracked the trend as exports and early rallies faded.
Fort Worth Texas issued market notes on March 7 showing cattle receipts of 2200 head with steer prices around 6.50 to 10.09, stockers near 0.60 to 8.75, and cows around 4.50 to 7.15. Hogs totaled 7500 head with bulk trades 13.25 to 13.76 and top at 14.10. Sheep receipts 500 head with lambs and yearlings priced from 12.00 to 14.00 and goats 4.50 to 7.00.
Receipts and quotations show hogs at 33,000 head with gains across classes. Cattle receipts 12,000 head and firm with calves up to 11.25. Sheep 15,000 head higher with lambs selling from 12.15 to 14.85.
Receipts totaled hogs 8000 head with bulk at 14.40 to 14.70, pigs 11.00 to 13.25. Cattle 4000 head including 10 Southern. prime fed steers 11.50 to 12.00, dressed beef steers 9.00 to 11.25, cows 5.50 to 10.00, heifers 7.00 to 11.00, stockers 7.50 to 10.00. Sheep 5000 head. lambs 14.00 to 14.80, yearlings 12.75 to 28.50, wethers 11.75 to 12.50, ewes 6.0 to 12.25.
St Louis on March 7 reports hog receipts near 12 000 with higher quotes across categories from lights to good heavy. Cattle listings show 3 300 head and higher values for native beef steers yearlings cows stockers and prime Southern beef steer ranges. Sheep receipts reach 1 000 head with lambs and ewes advancing in markets.
In Chicago on March 7 live hogs rose to 15.05 causing packers to strike and eastern bidders to withdraw. With 33,000 hogs received, about 20,000 remained unsold and quotations fell.
Tabled figures list bale counts and stock levels by port and city including Galveston Houston Texas City New Orleans Mobile Savannah Charleston Wilmington Norfolk New York Boston and others. It records stock yesterday last week and last year with totals and deficits for Great Britain the Continent and other destinations.
New York reports time loans for 60 and 90 days at 3 percent for short terms and 4 percent for six months. Call money remains steady with highs at 2 percent and lows at 1/4 percent. Ruling rate 2 1/4, last loan 2 1/1 percent, closing bid 2 percent, offered at 2 1/4 percent.
Mercantile paper 404 percent Sterling 60 day bills 4.71 commercial 60 day bills on banks 4.71 commercial 60 day bills 4.70 demand 4.73 cables 4 767 16 Guilders demand 40 cables 4044 Bar silver zinc Mexican dollars 58 Government bonds steady railroad bonds irregular
London reports bar silver at 37 2 16d per ounce and Money 4 percent discount rates 5 percent for short wig and 6 percent for three months.
Turpentine stock and receipts noted with no sales. Resin firm shows sales 655, receipts 322, shipments 227 and stock 78,805. Quotations listed for grades A through W and W. W. at 6.70, prices vary across grades with ranges.
York market notes show No. 7 Coffee futures holding steady as May contracts trade at 7.59 cents and July at 7.50 cents.
Wheat prices in Chicago moved with quotes showing opening and highest levels for the day. Market activity reflected supply concerns and demand patterns as traders weighed futures positions and cash market signals.
Chicago reports wheat No 2 red and No 2 hard nominal. Corn No 2 yellow at 1.08 to 1.09 dollars. Oats standard peers Barley at 1.00 to 1.20 dollars.
Grain futures closed with May May price around 1.00 to 1.03 dollars and July near 1.04 dollars for corn. Prices show slight gains amid market activity in Kansas City on March 7.
Wheat prices with hard and red varieties trading near 1.95 per bushel while corn No. 2 values range around 1.04 to 1.06 and oats show No. 3 white at about 62 cents per bushel with mixed at 60 to 62 cents.
Price quotes from St. Louis on March 7 show No. 2 red wheat at 2.00 to 2.11 dollars, hard varieties unnamed, No. 2 corn at 8 hp 2 white dollars, oats No. 2 and No. 2 white listed as nominal.
New Orleans reports strong demand for rough rice with clean rice in good shape. Receipts total 6957 sacks rough and 6957 sacks milled, clean 727 pockets. Sales include 1454 pockets of Clean Honduras and 3995 pockets of Blue Rose. Quotations stand with Rough Blue Rose at 250 400, others unchanged.
Kansas City stock market notes hog prices rising with gains of 5 to 25 cents per cwt and a top price of 14.70 dollars, later climbing to 14.80 dollars as trading continued over three days.
Numerous ads list Drescher and Willett orchestras, a grand ball by Vineta Drill Team No 16, and a turnpike of dance events at Hermann Sons' Hall. Notices include a Uvalde ranch sale to Silver Lake Land Company for 60,000 land plus 25,000 cattle, and a childless body found near I N G tracks with a nightstick clue.
Accident victims Sidney Cosgrove and Walter Richter show slight improvement at city hospital after motorcycle collision Tuesday morning. Cosgrove has a brain concussion while Richter suffered a fracture of the cheek bone from the fall. A jewelry ad follows noting buy or trade of old gold and silver at Aline Jewelry Co. 315 Alamo plaza.
A 25 year old Mexican rival in San Antonio was arrested within twenty four hours on a theft charge after police found a commission as captain in Carranza's army in his possession. He was arrested Tuesday at Toepperwein Hardware store for allegedly stealing an automatic pistol.
A five dollar reward is offered for information leading to the apprehension of the person who took Richter’s bread box from the front of W O Rieden’s grocery on W Commerce Street. The notice is signed by W L Richter.
Former San Antonio resident C D Bullock, once an expert window dresser for Wolff & Marx about fifteen years ago, is visiting the city again. He is described as a notable local figure returning for a short stay.
A visitor from Waco notes many improvements in San Antonio since his residence here. He travels for a renowned silk house and mentions J. F. Carl attorney at law in the Bedell building. Dixie dance Friday March 10 with Willett's Orchestra. ladies free.
The Salvation Army kicks off a fifteen day revival this Wednesday at 8 15 p m in the Army Barracks 715 East Houston Street Brigadier and Mrs George Wood of Dallas division officers over Texas Oklahoma and Louisiana will lead until Friday when division revivalists Ensign Carson and Envoy Silcock join Captain Burdick and San Antonio corps assistants.
Classified notices display loan offices car hire and delivery services. Horace E. Wilson lawyer at 516 17 State Bank Building lists small credit. Otto Zoller promotes Quick Auto Package. Overland Auto Livery offers storage and washing. Chiropodist M Corinne Blais advertises foot ailments at 3064 East Houston by appointment.
Strawberries return at 6.50 per crate of 24 pints. No changes in wholesale prices for butter eggs poultry groceries or hides. White Texas corn No 8 rises to 1.20 per bushel in job lots and 1.24 in car lots. Corn chops 2.36 per cwt in job lots and 2.30 in car lots. Kansas alfalfa No 126 pea green 928 per ton in job lots and 26.50 in car lots. New Mexico alfalfa 30 per ton job lots 28.50 car lots. Black Amber cane seed 3.85 per cwt car lots and 4.25 job lots.
Prices on Wednesday show shippers paying sellers with lower commissions. Eggs remain steady while Texas country butter holds at 34c per pound. Creamery butter quoted at 80 34c, country 25 28c, packing 24M 25c. Poultry figures rise with large hens at 7 50, medium 6 25 to 6 75, small 5 60 to 6 00. Large state friers 6 00, mediums 5 50 to 6 00, broilers 3 60 to 4 00. Goose prices 12 00 to 15 00 per dozen.
Butter and eggs steady with receipts at 10 195 cases. Creamery butter 34 40, eggs 28 and 28 1 2 cents. Potatoes lower with western whites at 2 50 to 2 60 and Michigan Wisconsin whites at 2 25 to 2 3. Poultry alive with prices for fowls and springs noted.
Kansas City market report shows Ciutter Creamery at 42 cents, firsts 4 cents, set ends 3 cents, packing 27 cents. Eggs: hens 19 and roosters 26 cents. Potatoes at 2.40.
Provision markets show dry salt extras at 20c and bacon extras at 21 4% cents, dry salt bellies 14-16 pound averages at 21 1/6 cents, fancy breakfast bacon 3 cents, fancy hams 24 1/2 cents, bacon bellies 14-16 average 23 cents, pure lard compound 18 4 cents, American cheese 23 cents per pound.
Washington reports Commerce department figures for seven months ending January total exports at 1,703,730 dollars in heat items. Foodstuffs reach 670,100,000, crude materials 460,678,000, with other uses about 490.
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