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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 10, 1917
Page
7
The principal spot markets quote middling cotton with delivery prices at San Antonio Houston New Orleans. Traders note a rise in early trading on word American merchant ships would be armed and on Germany reports suggesting peace nears. New York and New Orleans close steady to higher on the day.
The New York cotton market showed stronger activity with expectations that armed merchantmen would boost exports. Prices opened firm gaining 12 to 15 points, March to 18.68 cents, May to 17.94, and October to 16.87, before closing steady with a net gain of 10 to 26 points as shorts covered and local demand persisted.
Plans to erect a twelve story apartment hotel in Manhattan’s shopping district will offer 400 rooms for unmarried working women at four dollars weekly. Food will be served at cost in the hotel restaurants. The project is funded by the will of Charles Bertram Webster with about 1.93 million dollars set aside for construction and maintenance, expected to operate next year.
In northwest Louisiana field operations, all pipeline companies boosted light crude by ten cents per barrel. Caddo crude now brings 1.80 dollars and DeSoto at 1.70 dollars per barrel, marking record highs for both grades.
Butter sold at 40 to 42 cents with 42 cents bid on all lots. Observations noted at 7 a m Saturday March 10 1917 by Allen Buell meteorologist Weather Bureau. Wind under ten mph and precipitation under .01 inch not published.
New York March 10 cotton futures opened steady with March at 17.81 cents and December at 16.94. May 17.75 July 17.62 and October 16.81 cents. Futures closed 10 to 26 points higher amid thin trading and erratic notes.
Washington announced American merchant ships would be armed triggering a buying surge in cotton. In opening hours March contracts climbed 14 to 26 points, later closing 11 to 14 points higher, with rain forecast keeping the tone steady.
New Orleans and Liverpool bids show steady open as March contracts log gains while May July and December futures rise. Cotton seed quotations in New York list open and close values across March May July August and September, with prices around 13 to 15 dollars for seeds.
In Savannah Georgia on March 10 turpentine held firm with 203 sales, 30 receipts, 467 shipments and stock of 12 818. Resin sales 177, receipts 164 shipments 34 and stock 78. Prices quoted across grades A to M with bids around 6.00 to 6.70 per unit. Stock figures and deficits from the season are listed alongside cotton bale data for several locations.
On March 10 in New York cotton goods for converting and manufacturing were firm and moderately active. Finished goods were quiet and yarns irregular. Wool markets were firm and less active while ready to wear goods remained quiet.
New York March 10 The unfilled orders of the United States Steel Corporation for February 28 amounted to 11 576 697 tons a new record and 102 043 tons more than the January 31 total.
The York market reports no change in coffee futures with May at 7.61 and July at 7.66 as traders wait on supply and demand signals.
Northern cattle and sheep markets were steady Saturday while hogs were generally stronger. Receipts were light, especially for cattle, and the local market showed no price changes though activity remained good. City trade included 25 cattle 10 calves and 40 hogs among the receipts.
Fort Worth Texas market notes cattle receipts 406 with steadies across steer stocker and cow classes. hogs 4590 receipts rise with ton 14.40 and bulk 14.25. sheep 50 receipts unchanged with lambs 13 to 14 dollars and goats 4.60 to 7.00.
Chicago reports brisk hog receipts around 11 000 with slower but higher trading and mixed price ranges from 14.35 to 16.05 for various hog weights. Cattle receipts near 5090 show steady market with beef cattle priced 8.50 to 12.50, stockers 6.60 to 9.60, cows and heifers 5.60 to 10.00, while sheep and lambs receipts around 4000 note steady markets with lambs at 16.05.
Receipts and quotations show hogs and cattle firming with steady sheep. Hogs receipts 500 with bulk 14.70 to 15.00. heavy 14.95 to 15.05. light 14.50 to 14.80. pigs 11.50 to 13.50. Cattle receipts 700 including 200 southerns. prime fed steers 11.50 to 12.00. dressed beef steers 11.25. cows 5.50 to 10.00. heifers 8.00 to 11.50. calves 7.50 to 10.00. Sheep receipts 1000. lambs 12.00 to 14.85. yearlings 13.00 to 7.0. wethers 11.50 to 12.50. ewes 6.0 to 7.5.
Hogs receipts 9500, prices steady to strong with lights 14.55 to 14.95, pigs 10.50 to 13.76, mixed and butcher 14.70 to 15.15, heavy 15.05 to 15.15. Cattle receipts 300, markets steady. native beef steers 7.50 to 11.50, yearlings 8.50 to 11.50, cows 5.59 to 10.00, stockers 5.50 to 9.50, Texas quarantine steers 8.00 to 11.00, prime southern beef steers 4.25 to 9.00, beef cows 4.25 to 9.00, prime yearlings 7.50 to 10.00, native calves 6.00 to 12.00. Sheep receipts none, market nominally steady.
The New York clearing banks report total reserves in excess of legal requirements at 142,591,520 dollars, down 21,835,750 from last week. Loans rise to 3,558,151,000. time deposits fall. circulation declines. Federal Reserve and other depositories rise. state and trust figures also show varied changes.
Metal market report from New York notes moderate activity with electrolytic copper at 2.50 for July and shrinking July supply as agencies hold for 33. Third quarter bids largely 31.50 to 32.50 while nearby or second quarter offers stay scarce and negotiable. Iron remains unchanged.
Secretary of the Navy Daniels asks newspapers to refrain from publishing arrivals or departures of ships amid the submarine crisis. The Light will comply with the request. A Berlin inventor recycles dust from glass factories into paving blocks.
New York March 10 The stock market opened higher with fractions to nearly two point gains as President's decision to arm merchantmen and convene an extra Congress drew general approval. United States Steel and related industrials rose one to four points while shippings, motors and metals advanced. Rails lagged with Reading up a quarter, overall activity strong with about 500000 shares traded before a firmer close.
New York reports mixed commodities and bond activity with merchandise par 44 percent, sixty day and commercial bills around 471, demand 475 7-16, cables 40.5 to 41.6, bar silver about 75.9 percent, Mexican dollars 58 3 4 percent. Government and railroad bonds hold steady amid cautious demand.
London on March 10 reports bar silver at 375-16a per ounce and money at 414 percent. Discount rates listed 4 percent for short bills and three months.
Chicago stock yards reports show choice heavy hogs selling at 15 190 per hundredweight setting a fresh peak. Market watchers note demand remains strong and prices climb for hog futures and packers amid steady supply.
Wheat prices slid late after earlier gains as an overbought market met plentiful offerings. May and July futures moved from advances to declines amid weather damage in Kansas and rumors of a peace with Russia. corn and oats mirrored price shifts while hogs reached new highs on strong demand and high Liverpool lard prices.
Chicago market quotes show No 2 red and No 2 hard red nominal with No 2 yellow corn and oats, standard 60% MB1l Ac, barley priced at 1.22 per unit. Prices reflect active trading as of March 10 with standard quality assessments noted in the report.
Grain futures closed with wheat May at 1.83 percent and July at 1.524, September 1.4. Corn traded May at 1.065 to 1.084, July 1.05 and September 1.04 to 1.04.
Wheat traded around 1.93 to 1.97 per bushel for No 2 red and hard wheat. Corn followed with No 1 mixed near 1.07 to 1.08 and No 2 white around 1.08. Oats showed No 2 white about 0.62 to 0.63.
Quotations from St Louis on March 10 show No 2 red wheat at 2 002.10, No 2 hard 1.97 to 2.04, car No 2 1.11, No 2 white 1.10 and oats No 2 62% with White categories unnamed. The fragment notes further prices for No 2 oats and other grain terms truncated.
Tocal packing house quotations list varios items for dealers including dry salt extras 20 cents bacon extras 21 2 3 cents dry salt bellies 14 16 pound average fluc fancy breakfast bacon 33 cents fancy hams 25 cents bacon bellies 14 16 pound average 23 1 2 cents Pure lard 2 1 2 not exactly, compound 16 cents American cheese 9 cents per pound.
New York March 10. Raw sugar firm. Molasses 4.52, centrifugal 5.39. Refined steady. Fine granulated 7 8c.
Rough rice remained in good demand and clean rice held firm with all quotations unchanged. Receipts totaled 4790 sacks of rough rice and 3977 pockets of clean rice, while sales included 7249 pockets of Honduras clean, 1416 pockets to Japan, and about 3230 pockets of blue rose.
M. H. Gossett of Dallas was notified by the Farm Loan Board in Washington of his appointment as head of the Texas Farm Loan Bank at Houston. Gossett, a Democrat, is a native Texan and former congressional candidate.
Advices to local produce men say the strawberry crop in Carrizo Springs was not as badly damaged by the recent freeze as feared. Texas cabbage wholesale prices continue to drop from $4 to $5 per hundredweight while no changes were recorded Saturday in wholesale prices of eggs butter poultry groceries provisions seeds grains or mill products.
Texas creameries quote milk and butter prices with creamery at 30 to 34 cents per pound and country butter 25 to 28 cents. Poultry rates show hens large to small priced from 6 to 9 dollars, friers and broilers in the 3.60 to 7.00 range, turkeys 23 to 24 cents a pound, ducks 7 to 8 dollars per dozen, geese 12 to 15 dollars.
Chicago market report shows butter unchanged at 23 40 cents, eggs down with firsts at 26 25 cents per dozen and a half, 25 26 cents. Potatoes drop with 35 cars received. White potatoes from Washington Colorado Oregon Idaho quoted at 2.20 to 2.40 and 2.20 to 2.35 for Michigan Wisconsin. Poultry alive unchanged with fowls and springs at 21 cents.
Kansas City reports quotations: Lutter creamery milk at 42 cents, firsts 40, seconds 37. Mees firsts 25. poultry hens 19, roosters 15, turkeys 2. potatoes at $2 per bag.
The ad lists wholesale prices for fresh produce and canned goods by region and item. It covers onions, lettuce, cabbage, potatoes, citrus, berries, dried fruits, coffee, sugar, and canned goods with state origins including California, Texas, Florida, Oregon, and more, plus specific crate and per hundredweight rates.
A detailed price sheet covers wheat, alfalfa, sorghum, flour, bran, meal, seeds, seed potatoes, feterita, millet, Sudan, kaffir corn, Milo maize, cane seed, nuts, dried beans, peas, and hides. It lists per hundredweight, per ton, and per sack figures for car lot and job lot terms, with multiple regional offerings and item conditions.
The emergency peace federation opened an organized drive to keep the United States from entering the war with Germany. Prominent pacifists directed the effort, raising over four thousand dollars at a mass meeting where resolutions urged a joint high commission to settle issues with Germany and pressed President Wilson to summon great powers for peaceful relations. William J. Bryan sent a message supporting nonarmament and keeping arms off belligerent ships.
The piece describes Little Faith with a friendly nature who craves affection and conversation. She calls for her brother while he studies arithmetic and then asks their father to rouse him, noting the brother is busy and Faith insists on being spoken to.
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