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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 14, 1917
Page
10
Daily quotations for middling grade cotton at principal markets across the country. Figures show delivery at markets with listed sales in Galveston New Orleans New York and other centers. Prices quoted in dollars indicate market activity and price levels for the day.
The cotton market opened with sharp losses after news of an American vessel sunk by a German submarine. Prices steadied and rallied around noon with new crop showing strength, but the day ended easy as New York closed 13 to 40 points lower and New Orleans 19 to 43 points down.
The New York cotton market opened barely steady amid reports of an American steamer sunk by a German submarine with all crew saved. May slipped to 17.86 cents, October 16.86, before recovering slightly, then eased in the afternoon. selling stemmed from Wall Street and southern concerns, closing feverish.
New York on March 14 reports cotton futures starting barely steady with March at 15.00, May 18.00, July 27.78, October 16.92, December 10.738 cents. The session ends 13 to 40 points down, with post close figures and mixed intra day ranges noted in the sequence of numbers.
An early report notes Liverpool faces a 15 point deficit as Thursday approaches with updates from the 11 o'clock call. The text includes fragmented lines mentioning New York and March, with several garbled terms and partial codes that do not form a clear subsequent fact.
In New Orleans on March 14 the cotton market fell 12 to 19 points in early trading as buyers hesitated. News of an American vessel sinking spurred selling before buyers steadied, with old crop prices sliding to new session lows by afternoon. October held near yesterday’s close while old crops finished about 13 to 25 points lower.
New Orleans cotton opened steady with March 17.80 cents asked. May 17.42 cents, July 17.72, October 16.42, December 16.52. Futures closed 1 to 43 points lower. OVO details show Oct 16.60, Dec 16.54 to 16.63 ranges.
Liverpool March 14. Cotton spot firm good middling 12.464, middling 412.26d, low middling 12.18d. Bales 6000. $800 for speculation and export. Receipts 11,000 bales.
The Liverpool futures market shows irregular activity with closing for March 11.74 and various spread quotes including March-April 11.67 cents and May-June 21.40e. Other term pairs list a range of small price shifts through October and January contracts.
News from Laredo Texas reports that cold spells have slowed onion growth in Southwest Texas with no serious damage yet. Buyers have reached the area and about 75 percent of the 1917 crop is contracted. The average price for onions is $1.30 per crate of 50 pounds, promising a good net profit for growers.
New York news reports May coffee futures at 7.69 cents per pound and July futures at 7.82 cents, with overall firmness in the market. The brief notes a Rio deal context and market activity on March 14.
The Department of Insurance and Banking of Texas certifies that American Insurance Company of Newark New Jersey has complied with Texas laws and is authorized to operate in Texas for the year ending February 28 1918. Commissioner Chas O Austin signs and seals the certificate.
Wholesale eggs rose to 23 and 24 cents a dozen for four dozen in Texas country candle. receipts slacked and butter poultry held steady. Mexican bank notes up to 17 percent bid 18 percent asked. Strawberries fell to 4 per crate of 24 pints, a 50 cent drop. No changes in other wholesale prices. Weather outlook for March 14, 1917, San Antonio to be fair and warmer with frost in extreme northeast.
Wholesale prices to retailers list produce and canned goods across regions. Potatoes from California Colorado Oregon at 4.25 per hundredweight. onions 10.00 per hundredweight to California. tomatoes Cuban 4.00 per six basket crate. cranberries 6 per barrel. lettuce California 3.25 to 3.50 per crate. bananas 3.50 per hundredweight. oranges Florida 3.75 per box. lemons 4 per box. dried fruits and nuts with varied per-pound or per-case rates. meats, canned goods, and farm staples priced for trade.
The government orders creation of crown lands to preserve fur bearing animals and birds, with emphasis on game species in Siberia.
At Union Stock Yard March 14 the northern hog market dropped 10 to 15 cents. Cattle were uneven with Fort Worth lower, Chicago firm, and Kansas City steady to higher. Sheep remained near steady and overall local market held steady to strong despite ample supply. six week outlook hints at gains on grown cattle but declines on calves and yearlings. Receipts totaled 881 cattle, 223 calves, 57 horses, 305 hogs with 288 cattle, 168 calves, 75 hogs for city trade.
Fort Worth Texas cattle receipts were 5000 with prices 6.50 to 10.00 for steers and 4.50 to 10.00 for cows. Hogs receipts 7000 with bulk 13.50 to 14.00 and top 14.25. Sheep and lambs listed with lambs 13.00 to 14.00, yearlings 12.00 to 13.00, wethers 10.60 to 10.50, ewes 9.00 to 10.00, culls 6.50 to 7.50, goats 4.50 to 7.00.
Chicago market receipts and quotes show hogs at 36,000 head with range $14.00 to $14.80 for various loads and pigs around $11.00 to $13.30. Cattle receipts 12,000 with native beef at $8.75 to $12.65, stockers $6.80 to $9.75, cows and heifers $5.75 to $10.75, calves $9.75 to $13.50. Sheep receipts 16,000 and weak with wethers $10.90 to $12.55 and lambs $12.25 to $14.70.
Cattle receipts total 5000 with prime fed steers at 11.50 to 12.00 and dressed beef steers 9.25 to 11.35. Hogs receipts 8000 with heavy and bulk around 14.75 to 14.85. Sheep receipts 8000 with lambs 12.00 to 14.65 and yearlings 13.00 to 13.65.
Receipts total around 16 000 hogs and 3300 cattle with steady trade. Hogs range 10.00 to 14.85, mixed and butchers about 14 14.85, prime heavy 14.75 to 14.85. Cattle include native beef steers 7.50 to 11.75, yearling stockers 5.50 to 10.00, beef cows 4.25 to 9.90, prime southern beef steers 8.00 to 11.00, native calves 6.00 to 13.00. Sheep receipts 1300 with lambs 13.00 to 14.90, ewes 9.50 to 12.00, yearlings 12.25 to 13.50.
The March crop report shows Texas on farms stocks and prices for corn oats barley and merchantable quality. Wheat stocks on farms March 1 were 924000 bushels with producers at 1.68 per bushel while U S farms hold 101000000 bushels priced at 1.64. Oats on farms state 6410000 bushels at 65 cents. U S 94000000 bushels at 56.9 cents. Barley on farms state 8000 bushels at 1.09 dollars. U S 32800000 bushels at 96.9 cents.
Observations taken at 8 a m 75th meridian time Wednesday March 14 1917 by the Weather Bureau. Wind velocities under 10 miles per hour and precipitation under .01 inch are not substantial. Allen Buell, Meteorologist.
London March 14 The Indian government prohibits all labor emigration from India except to meet needs of Ceylon and Malay states to conserve manpower for war related labor.
The New York customs house bans shipping information withhold manifests of incoming ships including American coastwise vessels. The move makes all manifests inaccessible to the public and press.
Ohio River topped flood stage of 50 feet and stood at 52 feet by 9 a m in Cincinnati. Officials reported little suffering at that time.
A deaf groom at a wedding responds with Eh and confusion when asked to take the bride as wife. He then blurts out that he’s not sure, joking that he has seen worse than her who had more money. The exchange captures a comic moment during the ceremony.
An English mistress told her Irish servant Bridget she did not approve of entertaining visitors in the kitchen. Bridget replied that no one was the best boy and the kitchen was kept for him.
In London legislators debate protection versus free trade over a proposed India cotton goods duty. The government backs a gratitude resolution for India’s war gifts and an increased port duty on cotton goods, while some moderates refrain from voting. Lancashire MPs push an amendment for an internal counterbalancing duty.
A joint meeting of city commissioners and the citizens' charter revision committee will occur Wednesday night in the City Hall council chamber to discuss proposed charter amendments by City Attorney Gillette. If no changes are made the amendments will go to the council, likely after the May 8 municipal election to keep the charter vote free of politics.
Witnesses in the Henry Waller case testified about the Christmas night murders of John N. Reeves, his wife, and three children on their farm near Minden Louisiana. John Long 21 testified he accompanied Waller and three convicted men to Reeves home and saw Waller use an axe on four family members and pursue Mrs. Reeves into the yard where she died. Long denied aiding in the killings.
In Hendersonville, Pa., a mine of the Henderson Coal Company exploded killing fourteen men. Thirteen bodies have already been recovered from the surface.
Judge Higbee orders George Gerbig to live in the kitchen of his Hillsboro area home until month’s end as part of a divorce case. Mrs. Gerbig gains all furniture and kitchen utensils while she remains in the main house.
Moderate opening declines gave way to gains in several specialties including Industrial Alcohol International Paper American Sugar and National Biscuit. United States Steel recovered after an early drop while rails lagged as Trading stayed active. Afternoon uncertainty grew with Aluminum Copper and Steel showing mixed moves. Final hour saw small declines in local gas and traction shares with paper issues rising before an irregular close.
Trading in Mexican money in San Antonio on Wednesday showed current quotations. The report lists prevailing buy and sell rates, reflecting market activity and currency demand in the region.
On March 14 in New York Mercantile Sterling 60 day bills at 4.71 in commercial 60 day bills at 4.71 and 4.70 percent demand at 4.757-16. Telegraph cables 4.767-16. guilders and Mexican dollars quoted. Government bonds steady. railroad bonds easy.
New York on March 14 shows time loans steady with 60 days at 3 1/4 percent 90 days at 3 1/4 percent six months at 4 3/4 percent. Call money easier with high at 2 1/4 and low at 1 percent. Ruling rate 2 1/4 last loan 2 closing bid 1 percent offered at 2.
London on March 4 reports bar silver at 3614 4 per ounce and money at 4 percent. Discount rates show short bills at 4 percent for three months as the market steadies.
Market notes from York dated March 14 show lead at 10 cents asked and Spelter dull with East St. Louis delivery 10 and a half percent asked. Copper firm with electrolytic spot and near by values steady. second quarter at 33.35, third quarter 31.50 to 32.56. Tin quiet at spot 53 to 54. Tron steady and unchanged.
London on March 14 reports lead at 30 pounds 10 shillings per ton with spot copper at 136 pounds and futures at 135 pounds 10 shillings. Tin is 202 pounds spot with futures at 201 pounds 10 shillings and electrolytic copper at 151 pounds.
Prices listed show Tobbers' market with Wednesday figures paid to shipper less commission. Eggs higher. Texas country candled 23 24 cents, creamery butter 30 34 cents per pound, country 25 28, packing stock 24. Large hens 8.00 to 9.00, mediums 7.00 to 8.90, small 6.00 to 6.50. Large friers 6.00 to 7.00, mediums 5.59 to 6.00, broilers 3.60 to 4.00, small sprints 4.00 to 4.25. turkeys 23 to 24 cents. Ducks 7.00 to 8.00 per dozen, geese 12.00 to 1.00.
Quotations today show butter unchanged with 2 1 2 cents, creamery butter at 23 40, eggs higher with 2 1/2 to 2 3/4 cents. Potatoes unchanged with 25 cars received, white potatoes quoted at 2.25 to 2.40 for regional varieties, poultry alive higher with fowls at 22 cents and springs at 22 cents.
Kansas City market reports list butter at 4 1 4 to 4 1 2 cents for first and second grades and 271/4 for packing, eggs 26 cents for firsts, poultry prices 20 15 cents for hens and 15 cents for roosters, turkeys 25 cents, potatoes around 2.15 to 2.25 dollars.
New York sugar report notes raw sugar steady with centrifugal 5.39 and molasses 4.52. Refined products hold steady with fine granulated priced at 7 8ec.
New York on March 14 reports a steady cotton goods market with buyers resisting higher costs. Jobbers note steady trade in silks with fancy silks selling better than last season. men's wear remains quiet.
First Lieutenant William T. Weissing er MRC will report to Army Medical School and accompany troops from Southern Department to Washington. Major Arthur W. Brown JAG resigns as infantry captain. Second Lieutenant Charles M. Watson discharged. Captain Henry E. Mitchell to accompany troops to New York.
Washington March 14 builders of wooden ships met at the call of the Federal Shipping Board to plan rapid construction of a large fleet for Trans Atlantic trade and wartime needs. The board's standards go to 3600 tons and aim to use unskilled labor to free skilled labor for other trades. The conference discussed cutting timbers and materials to standard sizes at mills nationwide for delivery to selected yards.
A German plane that crossed over Sluis yesterday afternoon was wounded by Dutch forces nearby. The pilot landed in Dutch territory, restarted his aircraft, and crossed 800 meters into Belgium before German contingents and Red Cross attendants carried him away.
Sir Herbert Walker, general manager of the London and Southwestern Railway, organized war transport across the country. As chairman of the railway executive committee, he oversaw troop trains, Red Cross services, and coal shipments to sustain Britain. His career rose from outdoor goods manager in 1910 to head of the L&SWR, with a reputation for discipline and decisive leadership.
In Oneida Kansas three locals uncovered gold nuggets in the past two weeks as interest grows in the town s gold field history. A leather pouch found by George Williams long ago contained the same type of nuggets later recovered from local duck crops and tied to a Colorado miner who died crossing a creek with thousands of dollars in gold.
English sheep breeders claim a branding material that endures six months of weather yet dissolves in standard washing. The invention aims to mark animals with a durable, washable brand while reducing the need for rebranding.
Chicago reports varied views on the Algosquin sinking by a German submarine. Bears expect lower prices while bulls fear a U S war declaration and halted rail traffic. May and July futures fluctuated with sharp declines after rail freight refusals. corn and oats followed uneven trends.
Chicago grain futures open with wheat at May 1.81 high 1.83 low 1.75 close 1.764, July 1.6 high 1.54 low 1.56 close 1.515, Sept 1.438 high 1.44 low 1.41. Corn May at 1.08 close 1.067, Sept 1.07 close 1.04. Oats May around 0.58 1% 0.56% close 0.661.
Chicago wheat and corn quotes noted with prices while oats and barley advance. Oats standard reach 58 1 5 to 59 percent while barley trades around 1034 cents.
Wheat No 2 hard quoted at 1.86 to 1.90, No 2 red 1.85 to 1.89. Corn No 2 mixed 1.07 to 1.08, No 2 white 1.08. Oats No 2 white 61 to 62 cents, No 2 mixed 59 to 60 cents.
Grain futures closed with Wheat at May 1.74 and July 1.48, September 1.38. Corn May 1.04, July 1.03, September 1.01 per bushel. The report covers Kansas City trading activity dated March 14.
Wheat prices show No 2 hard at 1.91 to 1.9644, No 2 red 1.96 to 2.02, corn No 2 at 1.08 1/2, No 2 white 1.09 to 1.04, oats No 2 at 0.61, No 2 white at 0.62 to 0.67.
Quotations show dry salt bacon extras at 20 cents with bacon extras 21 14 cents. Dry salt overlie 14 16 pound average 21 44 cents. Fancy breakfast bacon 38 cents, fancy hams 25 cents, bacon bellies 14 16 pound average 23 1/2 cents. Pure lard 21 cents, compound 15 cents. American cheese 9 cents per pound.
Savannnah reports quiet turpentine activity with sales of 66 and receipts 93 and shipments 87. Resin firm shows 28 percent sales at 66 receipts 1 shipment 80 343 stock. Quotations list several grades from A through N with prices ranging from 6.0 to 6.80 per unit.
New Orleans rice market notes rough and clean demand strong. Receipts tallied rough 3 564 sacks milder 13 564 sacks clean 8 169 pockets. Sales include Honduras rough 6 675 pockets Japan 401 pockets blue rose 1 240 pockets. Quotations show rough Honduras 3 65 to 4 25, blue rose 3 50 to 4 00, bran 25.00 to 28.00.
Berlin war office reports German seaplanes attacked Russian destroyers approaching Constanza Romania. The destroyers were forced to retreat after bombs were dropped. One destroyer reportedly struck twice.
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