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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 05, 1917
Page
9
Daily quotations from principal spot markets show middling grade at delivery markets. Early trading in New York and New Orleans indicated a moderate net gain on low belt temperatures and weekend covering, followed by a retreat into a modest net loss as bearish weekend figures emerged. War risk insurance remained firm.
The New York cotton market opened steady with advances of 2 to 8 points as nearby months rose 14 to 11 points early on. July reached 19.75 and October 18.95 before profit taking and scattered realizations pulled futures off highs. By late morning demand cooled and losses widened with July at 19.49 and October 18.71, closing barely steady with a net decline.
New York cotton futures opened steady with May at 19.88¢ and December at 18.93¢ while July sits near 19.70¢ and October 18.88¢. Weekend results show declines of 11 to 15 points from Friday, with varied intraday highs and lows across contracts.
In New Orleans on May 5 low temperatures across much of the cotton region spurred fears for the new crop and prompted firmer buying. In the first half hour of trading, nearby months rose 12 to 13 points as traders responded to the frigid conditions.
In New Orleans on May 5 cotton markets showed steady opening bids for May and other months with May at 19.19 cents and July around 18.95 cents. Futures closed Saturday 16 to 17 points lower with limited highs and lows noted. Liverpool expected to open Monday trading 1 to 3 points lower.
The Texas Department of Insurance and Banking issued a license today to the Millers' Indemnity Exchange of Dallas, the first Texas reciprocal insurer licensed. Also approved were Lumbermen's Indemnity Exchange and Casualty Reciprocal Exchange of Kansas City and Employers' Indemnity Exchange of Kansas City, bringing eight reciprocals licensed under the law.
Observations taken at 7 am Saturday May 5 1917. Wind under ten miles per hour and precipitation under .01 inch are not published hereon. Allen Buell meteorologist Weather Bureau.
May 5 Union Stock Yards report shows the northern hog market eased 5 to 10 cents at St. Louis while cattle and sheep held steady across centers. Local market remained quiet and steady with receipts listed as cattle 206 head calves 78 horses 18 hogs 49. city trade cattle 136 calves 25 hogs 49.
Fort Worth reports cattle receipts 1400 with steady demand. Steers range 6.50 to 11.00, stockers 6.50 to 9.00, heifers 6.50 to 8.25, cows 5.50 to 8.25, bulls 5.50 to 8.25, calves 5.50 to 11.00. Hog receipts 806 with bulk 14.75 to 15.25 and top 15.20. Sheep receipts 200 with lambs 16.00 to 18.75, yearlings 12.00 to 13.00, wethers 11.00 to 12.12, ewes 10.00 to 11.00, culls 8.00 to 9.00, goats 6.00 to 9.25.
May 6 Chicago market report shows hog receipts at 10 000 with slow demand and varied prices across categories. Cattle receipts at 400 with steady tone and beef, stockers and feeders, cows and calves prices listed. Sheep receipts reach 20 000 with steady market for wethers and lambs priced per head.
Receipts 1000 hogs steady to weak with heavy 15.70 15.90 and light 14.80 15.50. Cattle receipts 500 including 100 southerns. prime fed steers 12.00 12.65, dressed beef steers 9.50 12.00, cows 6.50 10.75, calves 8.00 13.50. Sheep receipts 200. lambs 14.00 17.60, yearlings 13.00 15.00, wethers 12.50 14.50, ewes 11.00 14.00.
May dates show hog receipts at 4500 with prices from 9.75 to 15.80 for pigs and mixed cattle at 15.00 to 15.80. Cattle receipts around 000 with native steers and yearlings priced from 7.50 to 13.00 and cows from 6. etc. Sheep receipts 600 with lambs 15.00 to 17.40 and yearlings 12.75 to 14.75.
The weekly statement for New York banks and trust companies reports total excess reserves of 90,478,070 dollars, down 21,164,150 from last week. It lists loans and discounts around 3.58 billion, net deposits about 191.72 million, and aggregate reserves of 705.25 million across clearing and state banks.
The wholesale price list shows flour at 14.60 to 14.80 per barrel and Tan at 2.20 per hundredweight. Corn chops sell 3.40 in job lots and 3.30 in car lots. wheat shorts 2.40 per hundredweight. wheat screenings and chicken feed 3.25 per hundredweight. No changes in fresh fruits vegetables eggs butter poultry groceries provisions seeds or grains on Saturday.
Jobbers report steady eggs and butter with slight shifts in poultry and turkeys. Texas country candles eggs at 28 21 cents, butter 32 35 cents a pound creamery. country 25 30 cents. Hens and friers range 5.50 to 9.00, brokers 3604.09 on springs 4 4.25, turkeys 17 18 cents per dozen, ducks 7.00 8.00, geese 10.00 12.00.
On May 6 in Chicago quotations showed butter steady with creamery at 32 to 35 cents and eggs higher with 17,701 cases reported. Firsts quoted 32 1/2 to 33 cents, ordinary firsts 30 to 31 cents, shell egg prices at 80 to 83 cents per dozen. Potatoes unchanged with 22 cars received. regional white prices ranged from 2.40 to 2.50 per unit depending on region. Poultry alive markets lower with fowls at 22 to 23 cents.
Quotations for creamery butter reported at 39 cents for firsts and 36 cents for seconds, with packing at 2[?] Kegs. Poultry prices show hens 20 1/2 cents roosters 1 cent turkeys 2 cents each. Potatoes listed at 2.79 dollars.
Local packing house quotations for dealers list dry salt extras at 23 write bacon extras 26 cents. Dry salt bellies 14 to 16 pounds average 26 cents. Fancy breakfast bacon 3 1/2 cents and fancy hams 29 cents. Bacon bellies 14 to 16 pounds average 27 cents. Pure lard 24 4 cents compound 18 cents. American cheese 2 1/2 cents per pound.
Chicago May reports pork and rib futures with May and July quotes and opening highs and lows. Elgin butter market notes 25 tubs priced at 8 1/2 cents per tub in Illinois on May 6.
Ottawa reports wild wheat flurries on the Winnipeg grain market were caused by large British contract grade purchases. Sir Thomas White says vendors with sold options are short on delivery and seek relief to replace some contracts with lower grades. He asked Canada’s Perley in London to press the British commission for relief action.
Raw sugar holds steady with molasses priced at 5.39 and centrifugal at 6.27. Refined sugar follows firm tone with fine granulated range 7.50 to 8.59.
New York on May 5 reports additional government orders for cotton ducks drills and marqueting as substitutes for mosquito netting. Yarns stay firm with solid demand for combed knitting and electrical wiring varieties. Wood markets remain firm with scarce selections.
The copper market in New York shows growing firmness and higher volume of business during the week. Spot and nearby deliveries are quoted near 31 to 33 cents, with third quarter at 29 to 30 cents and last quarter at 28. Small third-quarter offerings run about 27.50 to 28.60 cents. Iron remains unchanged.
In New York on May 6 the coffee market shows futures steady with No. 7 Aie Whe reported as May 7/94 cents and July at 8.13 cents.
Wheat prices fluctuated with light stocks and hedging concerns. May and July futures moved from opening losses to gains before closing unsettled, while corn followed wheat and oats showed little movement. Reports of British concessions in Winnipeg aided the bull side as government price control uncertainty lingered.
Chicago quotations today show barley at 1.25 to 1.63 with standard oats around 0.71. Prices for No 2 red corn and No 2 yellow oats are listed along with a 4s spent and ard values in the daily market listing.
Quotations listed for cash wheat at 3.00 to 3.10 for hard, No 2 red 2.90 to 3. Corn shows No 2 head 1.51 to 1.52, No 2 white 1.63. Oats lean No 2 white 72c and No 2 mixed around 70s.
Grain futures in Kansas City end trading with Wheat May at 2.86 and July at 2.22 while September hits 1.894. Corn May at 1.41 and July at 1.44 with September at 1.334. Market quotes reflect modest changes across contract months.
In St. Louis on May 5 quotations for cash wheat edged higher with red wheat at 2.98 to 3.00 and No 2 hard at 2.944. Corn prices listed No 2 yellow at 1.65 to 1.66 and No 2 white at 1.65 to 1.66 with oats No 2 at 70 cents and No 2 white at 71 to 71-1/2 cents. May oats 69-1/2 cents.
Governor Ferguson asked the Legislature to pass a law letting county commissioners allocate up to 1500 dollars weekly for canning demonstration work. The recommendation was sent at the request of Representative Cope.
State Purchasing Agent George Leavy opened bids with officials from the governor’s office and the comptroller for contracts to furnish state institutions with merchandise and various commodities for the year starting September 1, 1917. Few bids were received due to wartime price fluctuations. staples and metal bids were absent, forcing open market purchases for about $1,750,000 in supplies.
New Orleans market notes show rough and clean rice in strong demand. Receipts totaled 147 sacks rough and 2255 pockets clean while sales included 6468 pockets of clean Manduras with 400 Japan and 1000 Blue Rose. rough Blue Rose at 85.50 and 7.00, clean Japan at 647.50, others performing well.
In Savannah on May 5 turpentine firm quotations ranged from 5.70 to 6.96 with letters A to W G and WLW cited. Receipts and shipments figures appear for several grades, including 431 ship ments and 895 receipts for one firm and 689 stock with 5229 shipments for another, alongside 77 972 stock. The Baltimore American quote asks a reader line, “John what in a proletariat.”
New York May 6 traders faced a mixed session as gains in United States Steel and affiliate industries met pressure on rail shares. Oils and utilities declined under liquidation while copper benefited from large order activity. Volume neared 350000 shares as equities showed uneven strength and a firmer early tone faded.
Trading in Mexican money in San Antonio Saturday was at the following quotations. Rid and Asked prices shown. Silver pesos 63 and 64. Half pesos listed.
New York May 6 mercantile paper 44205 percent sterling 60 day bills 472 commercial 60 day bills on banks 47114 commercial 60 day bills 471 percent demand 475 cables 716 guilders demand 40 cables 4075 bar silver time Mexican dollars 57 percent government bonds weak railroad bonds weak
London report shows bar silver at 84 dollars per ounce and money at 4 percent. Discount rates listed include short bills at 4 percent and three months at 4 1/2 to 4 3/4 percent.
A mixed list of wholesale prices for fruits and vegetables aimed at traders and shippers. Includes potatoes onions cucumbers tomatoes cranberries peppers carrots cabbage radishes asparagus celery turnips squash sweet potatoes English peas spinach rhubarb strawberries dewberries apples bananas oranges grapes lemons limes and dried fruits with per crate or per hundredweight quotes, plus coffee and sugar benchmarks. Prices are given for Texas, California, Florida, Missouri and other regions, with units like per crate per hamper per hundredweight and per pound.
The page lists wholesale prices to trade for coffee, rice, molasses, sorghum, corn syrup, honey, canned goods, meats, fish, corn, oats, hay, flour, meal, wheat shorts, screenings, seeds, and hides. It includes per hundredweight, per case, and per ton figures, with many items from beans to dried fruits and nuts. Specific entities include Blue Rose, Japan, Mexican products, and Bartlett pears.
The Cotton Region States bulletin notes a drop in temperatures 10 to 14 degrees below normal in central and western areas and in Tennessee and North Carolina. Precipitation covered the Carolinas, Georgia, northern Florida, eastern and southern Alabama, and eastern Texas with heavy rains in North Carolina and multiple inches recorded in Georgia Florida Alabama and South Carolina. Damaging hail reported at Bainbridge with rainfall measurements provided.
Washington May 5 A second government loan to Great Britain of 25 000 000 was transferred by Secretary McAdoo to Ambassador Spring Rice to cover about three days of British requirements in the United States The loan is short term and will be rolled into the larger bond issue The day also brought notice that the 100 000 000 pound loan to France would be made within a day or so
Weather officials report Saturday morning conditions favoring rain with cool cloudy trends through Sunday. A broad high pressure area spans from the Atlantic to the Pacific while a moving storm center affects the Southwest and Gulf States. Texas showers have been light recently but prospects rise as Gulf moisture tracks northward. Galveston measured .5 inch and Houston .04 inch with trace at Abilene and .01 inch at San Antonio.
Burglars blew open the safe at E. E. Perry's drug store in Sutherland Springs Wilson County shortly after 2 AM Saturday, obtaining between 150 and 200 in currency. Nitroglycerine was used. The robbery was reported to San Antonio police and Wilson County Sheriff Wright. Two strangers seen near Sutherland Springs Friday night are being sought. The explosion drew attention from nearby residents and is the first in the area since earlier this spring saw multiple similar robberies in San Antonio.
Enlisted men of the National Guard will not be ordered to camps before May 20 due to delays in designating men. The postponement lets regimental commanders better select twenty five enlisted guardsmen from each regiment for the training program.
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