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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 07, 1918
Page
11
Quotations from the cotton market show minor net gains with May futures fluctuating. New York and New Orleans reports reflect modest upturns while Liverpool firm prices and San Antonio spot quotations remain steady.
New York cotton futures opened mixed with gains for May at 14 points and losses for other months, as selling from Japanese-linked traders pressured July and October. The market showed occasional covering and fluctuating prices around 29.09 for October, with steady overall tone from bullish southern market reports.
Wet weather and hedging news drove early losses of around 47 points in New Orleans cotton trading. The market found a dull, steady tone after midday with modest declines and improved spot inquiries lifting some futures near day’s end. Opening bids showed May 25.65 and October 23.48 with mixed closes around 25.80 in late sessions.
Spot cotton in Liverpool shows prices across grades with Good Middling at 21.5 pence, mid 21, low middling 21, and lower grades noted. Total sales reach 3,000 bales with 2,000 American. receipts 400 bales all American. Futures closed quiet with new May May options around 11.16d and July to September around 19.16d. Old contracts fixed at various prices including May 20,000 and May-June June-July values.
Readable fragments show national port stock figures by city including Bates Galveston Houston Ben Olean Savannah Charleston Washington Norfolk Beaton Philadelphia and total stock at U S ports. The excerpt notes stock levels yesterday and same day last season with mention of excess this season.
Feeds offered through the Marketing Bureau at Fort Worth list prices for corn, oats, and alfalfa. Figures show No 2 mixed corn 1.79, white corn 1.75, red oats 1.40, alfalfa 8.00 per unit. prices are asked and transmitted by telegraph to G Hund in San Antonio. Government aims to aid feed buyers during shortages and provide seller contact through Fort Worth or San Antonio offices.
Wholesale price shifts Tuesday show strawberries scarce and unchanged at 4 a 24 pint crate while bananas rise to 5.25 a hundred. Potatoes fall for old crop to 2.25 a pound. new potatoes 3.00 per cwt. Tomatoes rise to 2.75 a lug, 25.50 per six loaves crate.
The notice lists dry salt pork and bacon products including dry salt bellies and 14-16 pound breakfast bacon. It mentions 14-16 pound pork bellies and various grade designations and prices.
Shippers markets report robbers prices Tuesday to retailers commission for j Coxa steady. Butter per pound quoted 18.00 to 29.00 dozen. creamery butter 45 to 38 cents. Potatoes receipts 46 cars. poultry prices steady with fowls and hens listed. New York markets show modest firmness as dress goods and cotton fabrics firm and government supply talks underway.
Northern livestock markets reported firmer demand for hogs cattle and sheep. Port Worth quotes edged higher for hogs with mixed to higher prices for cattle and calves while sheep and lambs showed uneven gains. Receipts and higher feeder costs supported cautious trading across U S markets including Dallas Fort Worth and St Louis with hogs and steers trading up modestly amid price fluctuations.
Receipts 5500, bulk $17.35. Native beef steers and heifers $8.00 to $15.50. Southern beef TS $10.00 to $15.50. Yearling steers and heifers $7.50 to $10.00. Native calves $7.75. Lambs $20.00. Ewes $17.00. Stockers and feeders around 50 to 12. Prices reflect mixed grade cattle and miscellaneous entries from the Southern market.
Improve in the r cal fish supply Tuesday with stocks sufficient to meet demand and about 30 percent excess. Oysters show selective pricing for destination markets and large sizes, while halibut, rock cod, and barracuda are trading. Prices per pound vary by weight and preparation.
A report notes bakers and retailers charging ten cents for bread while the official food administration considers a basic price floor. Certificates and warnings are sent to the food office. post and wholesale costs shift. Separate commodity prices for butter and turpentine and rosin are also listed with recent changes and shipments.
Favorable weather lifted corn futures after an early downtrend. May price around 7 3/4 to 7 7/8. July near 7 3/4. oats declined amid selling. Wheat and oats outlooks improved with hoped supplies, while cash grain in Chicago showed varied quotes for corn and oats.
New York May 7 Heavy buying of United States Steel dominates early stock exchange dealings as steel issues lead gains. Other firms like Crucility Steel Republic Iron Baldwin Locomotive rise modestly while United States Leather and Navy Pacific show mixed advances. Liberty Bonds hold steady as market activity shifts.
Prominent local financial interests organize the Discount Bank of New York to focus on acceptances of financial and commercial credits. The new bank will operate alongside the existing discount bank, differing as needed by the broader American money market.
The New York Metals Exchange shows lead quotes quiet with spot at 7.00 percent and Eveiter firm. The London Metals market reports reaper and electrotycle spot and futures with various prices. A fragmentary Agriculture Bulletin appears at the end.
Two German prisoners at Fort McPherson were shot in the feet after approaching a fence and failing to obey a sentry. no serious injuries reported. Col. Van Orsdale noted the incident not related to a prior tunnel escape attempt.
The treasury approved federal reserve notes for one and two dollar denominations to appear in circulation around July 4. The two dollar note shows Jefferson on the face and a battleship on the reverse. the one dollar note features Washington with a spread eagle and flag on its reverse. The issue replaces silver certificates withdrawn as silver bullion is melted under the new act.
An Associated Press report from May 6 notes American officers and soldiers awarded the Croix de Guerre for gallantry in a Verdun hospital raid by German forces. Recipients include Lt Harry W. Kelly of Ottawa Kansas, Pfc Dewey B. Smith of Steen Mississippi, Pfc George A Hopkins of Baltimore Maryland, and Pfc Alysius Brown of Brooklyn New York. Lt Kelly and Pfc Brown are cited in army orders, while the others receive corps citations. Kelly, Brown, and Hopkins each lost a leg. awards were given by a French general in the hospital ward.
At a joint meeting the San Antonio Automobile Trades Association and the Traffic Enforcement League voted to absorb the Traffic League into the association and to move traffic enforcement to a special branch. A plan to bar reapplication for thirty days after three negative votes was approved as by law changes were discussed.
Wealthy New Orleans lumbermen Phillip Tt. Adam Robert Adam Hans Korsheimer and Ernest Albrechts arrested in March for alleged espionage act violation. They were moved from Jackson Barracks to Fort Oglethorpe Ga and held as enemy aliens after being accused of communicating with Germany via lumber trade codes. Details remain guarded by federal authorities.
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