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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 21, 1917
Page
15
For San Antonio and Vicinity tonight and Thursday, fair. Enst Texas reports tonight generally fair cooler in the northeast. Thursday generally fair with no precipitation expected. Precipitation Tuesday none. normal for the day .05 inch. deficiency .05 inch. Since January 1: total 1.58 inches. deficiency 2.94 inches.
Quotations from leading cotton markets show middling prices for delivery at various centers. San Antonio reports 18.20 cents with 1,139 bales. Galveston 18.85, 2,206 bales. New York 19.00. New Orleans 18.63, 2,05 percent. Liverpool 45.49 with 5,000 bales traded.
The cotton market opened strong with a large net gain on reports of a German peace move and news of an extra session of Congress for April 2. Prices rose further on unsatisfactory new crop notes and a 3 percent flat rate set by the Federal war risk insurance bureau. New Orleans and New York closed with gains after brief reactions.
The New York cotton market opened stronger with a 4 to 15 point advance and traded 25 to 32 points higher in the first hour. May rose to 18.93 cents and October to 18.37 cents as buying by trade houses and Wall Street supported gains amid midmorning profit-taking and later renewed firmness. The Fed War risk insurance bureau’s 3 percent flat rate on cargoes to Europe boosted bull sentiment, with May hitting 18.98 and October 18.43 at times, before further gains to 19.05 and 18.50 in the afternoon.
New York on March 21 reports May cotton at 18.62, July 18.56, October 18.19, December 18.30, January 18.36 as futures rise 17 to 25 points at close. Trading highlights show mixed high, low, and close readings with several figures scattered in the record.
Report partial and unclear lines describe a sports moment with Liverpool in a two point swing around 18.86 and 38.7 figures, referencing New York related terms and disjointed notes. The fragment mentions a call and an upcoming event or deadline, but lacks coherent details.
New Orleans March 21 An upturn of 19 to 55 points occurred in cotton prices despite cables as news of an extra session of Congress for April 2 and reports of a German peace move boosted demand. By noon active months gained 35 to 40 points, spot quotes rose 44 points to the highest level, and later realizes eased to 27 to 31 points over yesterday's close.
New Orleans March 21cotton opened steady with bids led by May at 18.14 July 18.10 and October 17.78. December 17.90 asked and January 17.99 asked. Futures closed 24 to 28 points higher amid varied quotes and unclear ancillary figures.
Liverpool cotton market quiet with prices rising for good middling at 12.59d and middling 12.494d. Sales total around 5,000 bales, including 4,400 American receipts, value noted in pounds with 7,900 American bales among receipts.
Liverpool futures session ends steady with March at 12.09d and a series of forward contracts across the year from March April to March April 11.174 with minor variations. Traders noted quiet activity as contracts held near last levels.
New York March 21 prices for cotton seed oil were released with at least a quotation for nearby delivery. Details specify values for refined and crude grades as reported by market sources.
New York markets report firmer cotton goods yarns and higher prices on March 21. Men's wear remains firm but subdued while dress goods and knit goods stay quiet yet firm.
Savannah figures show a Turpentine firm with 42 sales 150 receipts 32 shipments 3011 and stock 9698. Resin firm posts 420 sales 493 receipts 653 shipments and stock 80523 with varied quotations from A B CC to WW and N at 6.60.
Judge Robert S. Lovett testifies before the Newlands Commission and cites the Shreveport case as a reason to abolish State railway commissions. He says the Texas commission fixed rates to aid Dallas and Houston jobbers, destroying competition from Shreveport.
The Northern cattle market edged up 10 to 12 cents at Fort Worth while hogs and sheep were uneven across markets. Receipts slightly above recent norms with local hogs steady. traders expect a stronger finish later this week and early next. City trade saw 83 cattle, 10 calves, 116 hogs in San Antonio.
Fort Worth market closes with cattle receipts around 2600 and hogs about 4000. Cattle steady to higher with steers 6.50 to 10.00, stockers 6.50 to 8.50, heifers 6.50 to 9.25, cows 4.50 to 8.00, bulls 4.60 to 7.25, calves 4.50 to 10.00. Hogs offer 13.50 to 14.50 top, lambs 13.00 to 14.00, yearlings 12.00 to 13.00, ewes 9.00 to 10.00, goats 4.25 to 7.25.
Receipts and quotations show hogs at 14.25 to 15.20 for various classes, with 34,000 head reported. Cattle receipts run 17,000 with native beef cattle from 9.25 to 12.65 and calves 10.50 to 15.00. Sheep receipts total 15,000 with wethers 11.20 to 12.70 and lambs 12.75 to 15.75.
Receipts and quotations from Kansas City show hogs at about 14.55 to 15.05 for bulk and dressed hogs, cattle receipts around 8,000 with prime fed steers 11.75 to 12.25 and cows 6.00 to 10.25, and sheep receipts about 8,000 with lambs 12.00 to 15.00 and yearlings 13.00.
St Louis reports cattle receipts at 6000 head with steady prices. Native beef steers bring 7.50 to 12.00, yearling steers and heifers 8.50 to 11.75, cows 9.35 to 10.00, stockers and feeders 6.90 to 10.00, prime southern beef steers 8.00 to 11.00, beef cows and heifers 4.25 to 9.00, prime yearling steers and heifers 7.50 to 10.00, native calves 6 to 14.00. Sheep receipts 1500, strong. lambs 13.00 to 15.15, ewes 9.50 to 12.00, yearlings 12.25 to 13.50.
Cotton production figures listed by city include Jalveston Houston New Orleans Savannah Charleston Wilmington Norfolk and Boston with respective values 6736 2940 2268 556 240 28 532 and notes of formatting errors or garbled text present in the source.
New York March 21 coffee Futures hold steady with May at 7.81 and July at 7.96. Rio 9 percent Brazilian bean quality noted as market remains even.
In Wednesday market changes specific items fell in price including White potatoes to 4.00 per hundredweight, California yellow onions to 9.00 and 9.50, California lettuce to 3.00 and 3.25 per crate, and Strawberries to 3.25 per crate of 24 pints. Kiln dried sweet potatoes sell for 2.00 per hamper.
Wholesale prices to retailers list numerous fruits vegetables and staples with regional varieties. Key items include potatoes onions tomatoes cranberries cabbage cauliflower sweet peppers beets carrots radishes asparagus celery lettuce and more from California Texas Oregon Florida and allied markets. Prices per hundredweight crate bushel and per dozen lot shown for each item.
Chicago March 21 Wheat prices showed unusual steadiness amid peace rumor pressure. May futures opened at 1.86 to 1.867, July at 1.57 to 1.59, with a nervous close 1.84 to 1.86 for May and 1.55 to 1.59 for July. Corn followed with a similar bear bias, oats firmer. provisions softened on holder selling.
Chicago on March 21 quotes cash wheat at nominal levels. Corn No 2 yellow ranges from 1.12 to 1.11 dollars per bushel. Oats standard at 60 to 62 1/2 cents, barley at 1.00 to 1.39 dollars per bushel.
Wheat prices for No 2 hard 1.96 to 2.01, No 2 red 1.95. corn No 2 mixed 1.15 to 1.15 and No 2 white 1.15 to 1.10. oats No 2 white 62 to 64 cents, No mixed 62 to 63 cents.
Kansas City on March 21 reports grain futures closing with wheat rising in May and July while July and September gains for corn. Wheat May at $1.01 and July at $1.52 cents. corn May $1.09, July $1.07, September $1.04.
In St Louis on March 21 quotations showed cash wheat at No. 2 red around 2.00 to 2.03 per bushel, hard wheat near 1.98 to 2.04. Corn prices for No. 2 and No. 2 white fell around 1.12 to 1.24 per bushel with mixed bid data and varying grades.
Dry salt extras 20c to 44c per pound and bacon extras 22c with 14 to 16 pound dry bellies. Fancy breakfast bacon 33 percent ec. Fancy hams 25 percent ec. Bacon bellies 14 to 16 pound average 24c. Pure tard 21 percent ec. Compound 16 percent. American cheese 9c per pound.
H A Jastro of Bakersfield California told the New Mexico Wool Growers Association in Albuquerque that Congress should investigate meat prices at the next session. He chairs the market committee of the American National Livestock Association and questioned rising beef and mutton prices and fair profit distribution.
Shippers market shows steady prices with bids to retailers or shippers and 6:30 a.m. notices. Butter and creamery costs are listed for Texas items with per pound figures. poultry prices cover hens friers and broilers by size, turkey and duck prices per unit, and geese pricing as quoted.
Chicago market quotations show eggs higher with receipts of 17 314 cases. Firsts 26 27 and ordinary firsts 25 26 cents at the mark. Potatoes unchanged with receipts 5 cars. Poultry alive unchanged with fowls and sprigs at 22 and 22 1/2 cents. White potatoes list for several states.
Kansas City market prices list quotations for dairy and eggs, poultry, potatoes, and miscellaneous items. Creamery prices range 42 cents, firsts 4, seconds 38, pecking 284 cents per hundredweight. kegs firsts 27. poultry dens 20 and roosters licensed with turkeys at 25 cents. potatoes at 35 cents per unit.
Lead and spelter quiet with spot East St. Louis delivery at 1 to 5 cents. Copper electrolytic steady with near term and second quarter ranges $35 to $55. third quarter $31 to 32.59. Tin firm with spot at $55.00.
Lead prices listed at 130, 108. Spelter 147. Copper spot at £1535 and £151 electrolytic futures £155 10s. Tin spot £311 and futures £219.
Horace Booth of the International and Great Northern railroad says restored service and heavier ore shipments from Mexican mines signal better mining conditions and expect a boost in Texas Mexico trade. He and J. M. Ball will depart for Houston. no timetable changes or Sunshine Special speedup planned.
Boston March 21 New England gardeners rally around beans as three seed men report demand for seeds this season far above normal. Dealers estimate calls for seeds 50 to 100 percent above normal with beans leading all competitors.
Rough and clean rages remained strong and in good demand in New Orleans on Tuesday with large receipts. Rough Honduras traded at 3.75 to 4.65 per sack while Japan values ranged 2.50 to 4.15. clean Honduras 1 521 pockets and Japan 433. blue rose 3 106.
Delegates begin three day sessions of the fifth annual Western Oil Jobbers Association in St Louis. Governor Gardner was expected to arrive from Jefferson City to welcome the delegates at a reception.
New York traders reacted to Washington signals of a sharper international crisis with an opening advance of 1 to 3 points. War shares and shipping led gains while rails slipped amid profit taking. By midmorning ranges narrowed and by afternoon activity focused on shipping equipment and related sectors with notable moves in American Woolen and International Nickel.
Trading in Mexican money in San Antonio on Wednesday showed current quotations for peso exchanges. The report lists buy and sell rates, reflecting market activity and investor interest in the peso during the session.
New York on March 21 reports time loans steady with 69 and 90 day rates at 3 3 percent, six months at 3 4 percent. Call money remains steady with highs and lows at 2 percent, ruling rate 2 1/2, last loan 2 4 percent, closing bid 3 percent and offered at 2 percent.
New York reports mercantile par values at 474% with sterling 60 day bills at 4.71 dollars and commercial 60 day bills also at 4.71. 64 day bills at 4.70 and demand at 4.75. Cable rates at 4.787-16. Government securities steady, railroad bonds irregular. Gold and silver figures include bar silver at 72 cents and Mexican dollars at 54.544 cents.
The London market reports bar silver at 25 325-16e per ounce and money at 3 percent. Discount rates are listed as 4 percent for short bills and three months.
Market notes show raw sugar prices steady with cent differences for March in New York. Centrifugal sugar lists at 5.39 and molasses at 4.52 while refined granulated sits at 7.00.
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