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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 10, 1917
Page
11
The Cotton Exchange notes a morning gain from crop damage reports and Japanese buying, with New York and New Orleans closing 15 to 24 points higher before easing. San Antonio listed middling at 18.60, Houston 25.00, and Galveston 19.35.
The New York cotton market recovered from yesterday's weakness with a sharp advance led by active buying from Wall Street brokers. July futures rose to 19.54 and October to 18.73 before midday, while later trading eased with prices around 19.40 for July and 18.60 for October.
New Orleans May 10 A firm opening in the cotton market shows heavy buying amid crop damage fears from recent cold in the belt. Within the first half hour months gain 31 to 32 points. Prices eased toward noon and after a dull afternoon closed steady with a 20 to 23 point advance.
New Orleans reports May cotton futures opening steady with bids for May 18.88 July 18.51 October 17.92 December 18.06 and January 18.10. The session closes noted with daily high and low ranges and a Wed close near 17.83 to 18.50.
Spot cotton prices for May 10 show wood middling at 12.864 and middling 12.664 with low middling 12.4. Sales total 8 000 with 800 for speculation and ex mart receipts 17 000.
Liverpools due to open Friday from 1 to 6 points up, with May contracts quoted at 12.254 for May 12.184 for May-June and 12.03d for July-August, then 11.85c for August-September and 11.56 for October-November, 11.464 for December-January, and 11.444 for January-February.
New York May 10 raw sugar remains steady with centrifugal at 6.97 dollars and molasses at 5.39. AAA steady fine granulated sugar sits at 7.50 dollars.
Observations recorded at 7 a m Thursday May 19 1917 show wind speeds below 10 mph and precipitation less than .01 inch not published. Allen Buell, Meteorologist, Weather Bureau.
Stock yesterday 926 843 bales at U S ports. Stock same day last week 1 011 800 bales. Stock same day last year 1 170 832 bales. Deficit for the season 243 989 bales.
The 24 hour period ending at 8 a m shows a slight temperature rise but still below normal across the cotton region. Light to moderate rain fell in Texas and western Louisiana, with no precipitation elsewhere. Meteorologist Weather Bureau.
Union Stock Yards reported a strong day for all livestock classes with hogs up 10 to 15 cents in most centers and cattle mostly 10 to 15 cents higher at St. Louis while Fort Worth saw gains of 2 to 60 cents on sheep. Receipts included 98 cattle 54 calves 4 horses 40 hogs with 43 cattle 63 calves 4 hogs for city trade.
Fort Worth reports cattle receipts about 6500 with steady trade and calves up to 12.50. Hogs receipts 3500 with top at 15.70 and heavy at 15.50. Sheep and goats show gains with lambs at 16 to 17 and ewes around 18.00. Bulls and cows vary from 3.50 to 10.50 across categories.
Receipts and bids show hogs firm to higher with bulk trading around 15.50 to 16.00 and heavy hogs reaching 16.10. Cattle receipts near 9009 with prime fed steers about 12.25 to 13.00 and cows 6.50 to 11.00. calves to 13.60. Sheep receipts near 4000 with lambs 14.00 to 14.40 and yearlings 13.00 to 16.00. wethers 12.50 to 15.00 and ewes 11.10 to 14.50.
New Orleans on May 10 reports rough and lean rice remains in strong demand with unchanged quotations. Receipts noted include rough 1131 sacks and clean 447 pockets from millers, while sales include Clean Honduras 1104 pockets and Flue Rose 900 pockets.
New York dry goods firms report large orders for heavy cotton and woolen goods for government purposes as markets tighten on news of a possible 10 percent customs tariff hike.
Savannah reports show firm turpentine at 42 percent with 327 sales and 696 shipments. resin also firm with 360 sales and 3877 shipments. Totals list stock at 6665 for turpentine and 73 166 for resin. Prices quoted range from 5.75 to 6.05 dollars with several grade markers.
May 10 Chicago reports hog receipts 18 000 with market strong. Prices ranged from $10 25 to $16 15 across varieties, bulk and mixed. Cattle receipts 5 000 with a firm market. native beef cattle $9 40 to $13 70, calves $9 50 to $14 00. Sheep receipts 8 000, market strong. wether $11 50 to $14 15, lambs $14 00 to $18 15.
In St Louis Missouri on May 10 the live stock market showed higher bids. Receipts totaled about 11 000 head for cattle and 600 sheep with prices rising 10 to 16 cents for hogs and sheep. Native beef steers and yearling stockers posted gains amid stronger demand.
The National Weather and Crop Bulletin reports widespread retardation of vegetation due to last week’s cold weather across the nation. Rain helped the southeast while cotton suffered in the western belt. Replanting occurred in Oklahoma. Georgia and South Carolina reported strong stands. North Carolina planting lagged. eastern belts near finish. Rain aided corn. truck crops steady in the South. sugar cane and tobacco rising in the region. White potatoes shipping up in gulf states as sweet potato seeding continues.
Austin officials warn the public to beware of professional promoters forming banks to collect commissions on stock sales. Charles O. Austin notes promoters operate in various regions and cautions that charters will not be granted where promotion fees are paid or organizers lack known local responsibility.
Executives from western railroads told the Interstate Commerce Commission in Washington that a 15 percent freight-rate increase is as urgent as in other regions. They cited higher costs for labor and materials and a widening gap between revenue and expenses, with western carriers claiming a $20.6 million annual deficit even after the raise.
Peter Radford of Austin testified before the agricultural committee on emergency food legislation, presenting a letter from F C Weinert to Secretary of Agriculture Houston. Texas Rep Young questioned his authority and threatened to contact Governor Ferguson. Radford and Henry Pope of Fort Worth oppose a maximum price law, backing a Texas food commission.
New York May 10 coffee futures show no major move as market holds steady after early session. No. 7 grade coffee remains quoted around July delivery near 19 cents, with September activity similarly subdued.
United States Steel Corporation reported an unfilled tonnage of 12,183,053 tons for April 80 last, up 471,439 tons from March and marking another record. The news reflects continued production and inventory trends reported in New York.
Local wholesale prices show Texas Bermuda onions at 1.75 per ate and Eva sweet peppers at 2 per crate. Madishes rise to 40 cents per dozen, Texas English peas to 2.50 per hamper, prunes to 13 cents per pound, chili pepper 26 cents, Spanish peanuts 13 per hundredweight. California dried beans gains include limes 18, pintos 14, pinks 14.50, plackeye 13, lima 18. Dry goods rise: dry mit extras 244, bacon extras 6 1/2, dry salt bellies 2645, and bacon bell tea 8 1/2.
Local packing house quotations released on Thursday show dry salt extras at 24 4c bacon extras at 24 1 2 c. Dry salt bellies 14 to 16 pounds average 26 4c. Fancy breakfast bacon 39c fancy hams sac bacon bellies 14 to 16 pounds average 28c. Pure lard 24 1 2 c compound 19c American cheese 29c per pound.
In Chicago on May 10 quotes show open high low and close figures for various futures. Contracts listed include May July and September with prices around 28.30 to 40.90 and 20.60 to 30.80 reflecting market activity.
Prices listed for Thursday show eyes steady at 28 to 29 cents per dozen and butter at steady 32 to 45 cents per pound in Texas markets. Creamery butter ranges 32 to 45 cents, country 25 to 30 cents. hens at 18 to 19 cents per pound, old roosters 11 to 12, large springs 28, medium springs 28 to 30, small springs 30 cents. Broilers 3.25 to 3.60 per dozen. turkeys 18 to 19 cents per pound. ducks at 7.00 to 8.00 per dozen. geese 9.00 to 10.60.
Quotations today show butter and eggs steady. Creamery eggs 32 28 cents, receipts 49,657 cases. Firsts 34 32 cents, ordinary grade 30 32 cents. Potatoes unchanged with receipts of 5 cars. White potatoes from Colorado Washington Oregon 2.75 2.85, Wisconsin Michigan 2.60 2.66. Poultry alive unchanged, fowls 23 cents.
Kansas City market listing shows butter price at 40 cents for first quality and 38 cents for second, 37 cents for eggs in shells, poultry with hens roosters at 16 cents and turkeys at 2 ch. Potatoes: old price 2.80 dollars, new price 3.00 dollars.
Applications for loans from the Federal Farm Loan Bank of Houston for Texas total 12,910,194 from 234 associations. Bank capital is 750,000. More than 200 associations are forming which could raise totals to about 18,000,000. Funds come from growing capital and bond sales tied to loans.
A bill amending the federal reserve act to attract state banks and bolster gold reserves passed the Senate and moved to conference after already passing the House.
Herman Sass, who admitted joining a plan to trigger intervention in Mexico, has been sent to Jacksonville to await the attorney general's orders. Arrested at Key West, letters alleged to reveal the plot were taken from him. He was brought to Tampa yesterday.
Chicago reports sharp wheat price breaks tied to rumors of peace developments and a Kansas crop report showing improved conditions. Early quotes dipped to near 3.10 to 2.46, then fell before late-day advances driven by export bids and favorable weather, with May reaching 3.15 and July about 2.48. Corn and oats followed wheat moves as hog prices supported provisions.
The May 10 market notes list cash wheat as nominal, corn No 2 yellow at 16% 16, oats standard at 714 72, and barley priced at 1.25 1.63 reflecting commodity values in the period.
Kansas City market notes list cash wheat prices including hard red at 3.18 to 3.27, No 3 red at 3.12 to 3.13, No 2 mixed corn at 1.57 to 1.58, and No 2 white corn at 1.71 to 1.72 with minor variations in quoted ranges. Nearby sugar of the day notations accompany the figures.
Kansas City grain futures closed with Wheat May at 3.00, July 2.47, September 2.03. Corn May 1.95, July 1.47, September 1.36. Market data reflects declines and gains across the board with standard contract rotations.
Quotations to cash wheat list No 2 red 3 25 No 2 hard nominal No 2 1 66 No 2 white 1 71 Oats nominal with incomplete data indicating a brief market update from St Louis dated May 10.
The account details the hardest part of an attack as beginning to dive with a German craft close behind. The narrator describes steep dives, gunfire, and the tense approach to the enemy, culminating in a high speed showdown as both planes maneuver and fire. A closing note mentions a patent for a milk pail holder.
Stocks opened with broad gains led by war, shipping, oil and motors up 1 to 2 percent. United States Steel rose to 115, rails advanced with Delaware & Hudson, St. Paul, and Chicago & North Western posting gains. Steel tonnage record and Union Pacific dividend boosted sentiment. utilities slipped.
Trading in Mexican money in San Antonio on Thursday showed quotations for silver pesos at 63 cents and half pesos at 31 cents. Bank notes from State Bank National Bank and Bank of London and Mexico were among quoted items.
The New York loan market on May 10 shows 4% for 90 days and six months, with call money steady at 3% to 2% range. Last loan noted at 3%, closing bid 2% and offered at 1%.
New York market notes show Mercantile paper at 4 to 5 percent, Sterling 60 day bills at 472, commercial 60 day bills at 47144, demand 4757-16, cables 4767-16. Guilders demand 40 percent, cables 407 percent. Silver at 74 percent, Mexican dollars 57 percent. Government bonds strong, railroad bonds irregular.
Bar silver quotes at 37 18 16 per ounce. Menay 4 per cent. Discount rates list Short Ville at 4 11 16 per cent, three months 4 4 per cent.
Lead prices firm at 194 a pound with spot East St Louis delivery at 9.9 percent. Copper holds steady with electrolytic spot and near contracts at 31.00 to 55.00. No. 1 Northern copper quoted at 44.50 to 45.00, No. 1 Southern 40.00, No. 2 39.50 to 40.00. Tin traded strong at 63.50 to 65.00.
London market report lists lead at 30 pounds 10 shillings, spelter 54 pounds, spot copper 130 pounds 108, futures 129 pounds 108, electrolytic 142 pounds, spot tin 240 pounds 108, futures 249 pounds 15 shillings.
An American eagle in Manhattan Kansas was sentenced to life imprisonment by Judge Porter after being blamed for preying on pigs. The bird will be confined at Topeka's Gage Park Collection, with the case sparking debate over wildlife protection and animal crime law.
A dense listing of wholesale prices across vegetables fruits and related goods. Includes potatoes onions cucumbers tomatoes cranberries sweet peppers beets carrots cabbage radishes avocados berries apples peaches and more with varied figures by variety and origin. Items cover canned goods dried fruits cereals grains and animal products.
In Quincy Illinois three surgeons revived a fifteen month old girl with membranous croup after her heart stopped. They found the child dying at a residence and performed emergency neck incision and windpipe opening, aided by resuscitation movements. The child began breathing again and is expected to recover.
A six weeks old calf grazes in a yard while a city girl watches in silence. She asks her hostess if it is sensible to keep such a small cow. The quip about teaching faults is noted in the humorous exchange from early newspaper wit.
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