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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 12, 1917
Page
7
Quotations from principal spot markets show mixed movement with gains on the day. San Antonio at 18.95 cents, Houston and Galveston higher amid bullish factors, New Orleans at 19.69, New York steady after earlier strength as officials cite war and demand influences.
The New York cotton market opened firmer with reports of improved spot demand and rumors of submarine deal methods. Western-connected houses led buying as July and October futures posted gains around 7 to 17 points by late trading, despite some demand tapering.
New York traders saw May futures at 19.75 and July at 19.66 while October touched 13.93 and December 19.01 with prices finishing Saturday up about 15 points. Curve and closing levels show mixed gains across months with late quotes near 19.08 to 19.22.
In New Orleans on May 12 the cotton market opened weak but soon firmed as peace negotiations in Europe and crop damage reports in the South boosted sentiment. By mid-morning months rose 22 to 24 points, with large government cloth orders and a surge in late spot demand driving prices to new highs, about 29 to 80 points above yesterday's close.
In New Orleans on May 12 cotton markets opened steady with May 19 futures at 27. Futures closed Saturday 11 to 17 points higher. Opening prices for May 19, July 18.82, October 18.22 and December 18.40 asked. Liverpool set to open Monday with gains of 12 to 21 points.
Liverpool statistics show weekly totals for cotton sent to mills at 62 000 bales with 54 000 American, and stocks at 607 000 including 484 000 American. Imports reach 53 000 with 44 000 American, and there are no exports.
Savannah reports mixed activity in turpentine and resin markets with firm shipments receipts and stocks. Quotations show several grade labels and price ranges around 5.85 to 6.15 per unit across different categories.
Four room cottage newly painted with bath and sleeping porch. First block from streetcar, near schools and churches with ample garden soil. Cash or easy terms. Contact Travis 6886 or H J Benson 307 Navarro Street. Also listing includes other properties and a Brewster county ranch for trade.
A dense catalog of wholesale prices to trade for produce and related goods. Items include potatoes, onions, cucumbers, tomatoes, berries, apples, pineapples, bananas, oranges, lemons, limes, dried fruits, canned goods, meats, seeds, and more. Numerous ranges specify regional sources like Texas California and Mexico with unit measures and per hundredweight or per crate figures.
Observations recorded at 7 a m on Saturday March 12 1917 show varied conditions. Highlights include Abilene cloudy Amarillo cloudy Dallas and Fort Worth cloudy Corpus Christi cloudy El Paso cloudy Houston cloudy Jacksonville partly cloudy Kansas City clear New York clear New Orleans cloudy Oklahoma City clear San Antonio rain Tampa rain note wind under 10 mph and precipitation under .01 inch not published. Allen Buell meteorologist Weather Bureau.
Yesterday's rainfall measured .68 inches, above the normal for the day of .11 inches. The daily deficit stands at .03 inches. Since January 1 total precipitation is 3.14 inches with a deficit of 6.08 inches.
In New York the market opened with extremely cautious, dull activity. Leaders led declines as Utah Copper Texas Company American Telephone and Baldwin Locomotive fell .4 to a point, St Paul rails slid about 2 points, and United States Steel eased before rallying. Overall losses appeared across rails utilities and ships with a late cover rally leaving a irregular close and about 240000 shares traded.
New York markets on May 12 show mercantile paper at 4 45 percent. Sterling sixty day bills at 4 72 percent. Commercial sixty day bills on banks at 4 71 and a half. Demand for bills 4 75, cables 16. Guilders demand 4 0 percent and cables 4 1. Silver at 74 3/4 cents. Mexican dollars 6 1/2? Government bonds steady while railroad bonds weaken.
London market notes list bar silver at 37 percent per ounce with Money at 4 percent and discount rates for short bills at 4 11-1 percent and three month bills at 4 percent.
Raw sugar shows ease while molasses sells at 5.33 with centrifugal 26.21. Refined sugar remains steady with fine granulated quoted between 7.59 and 8.00.
Fresh fruits vegetables eggs poultry butter groceries provisions grains and seeds were steady on Saturday across local markets with no major changes in bulk item costs observed by shoppers and vendors alike.
Shippers market notes indicate steady prices for various goods. Eggs at 28 29 cents per dozen, butter at 0.82 to 0.85 per pound, poultry steady with hens 18 19 cents per pound, roosters 1 12 cents, springs priced by size, broilers 3.25 to 3.60 per dozen, turkeys 18 19 cents per pound, ducks 7.00 to 8.00 per dozen, geese 9.06 to 10.00 per dozen.
Quotations today show butter unsettled with creamery at 32 3/4 to 33 cents and ordinary firsts 30 3/4 to 30 1/2 cents. Receipts total 21 737 cases. Potatoes and poultry prices steady with fowls at 22 cents a pound. Carload potatoes from Colorado Washington and Oregon at 2.75 to 2.85, and Wisconsin Michigan white potatoes at 2.60 to 2.65.
Kansas City market notes show quotations for butter with prices around 40 to 32 cents for various grades and items. Elgin Butter Markets list butter at 60 tubs priced at 67 cents with several other small lot figures.
Market notes from San Antonio on Saturday show focal packing house quotations for dealers. Dry salt products available with bacon extras and bellies priced per pound. fancy breakfast bacon and hams listed with percentages. Pure lard and compound lard quoted alongside American cheese at 29 cents per pound.
Open high and low prices for pork and lard futures on May 12 show July pork at 39.00 to 39.10 with 58.87 close, July lard around 22.50, and May contracts around 22.27 to 22.37 with September at about 20.87 to 20.97 amid steady movements across months.
In New York on May 12 the copper market showed fair demand with steady prices. Spot and nearby deliveries of electrolytic copper quoted $31.00 to $35.00, July scarce with third quarter around $29 to $30, later deliveries about $28 on the overage, and iron unchanged.
Clearing house banks and trust companies show reserve in excess of requirements at 147.199 million dollars, up 56.721 million from last week. Loans rise to 3.612 billion, deposits grow, and circulation falls, while state banks in greater New York post gains in deposits and loans despite a drop in specie.
The Cotton Manufacturers' Association of New Bedford voted a 10 percent wage increase for 85,000 mill operatives. The raise will add about $2,000,000 yearly to the payrolls.
May wheat trading shows renewed gains with July rising to 2.59 and September to 2.27, driven by strong buying and limited offers. Late session gains push July to 2.75 and September to 2.46 as traders weigh entente holders and delivery expectations. Corn follows wheat with light trade as hogs and grain lift provisions.
Quotations for Wheat No 2 red and No 2 hard nominal. Corn No 2 tally 1.67 to 1.68. Date standard 72 percent and 14 cents live nominal. Barley 1.25 to 1.62. Market figures reflect standard grain values.
Wheat futures advance for some grades while No 2 red trades near 3.36. Corn holds flat to higher with No 2 yellow around 1.59. Oats show modest gains with No 2 white near 0.74. Prices include mixed quality notes and nearby quotes.
In Kansas City on May 12 grain futures closed with wheat for May at 3.27, July 2.71 and September 2.41. Corn bids were May 1.58 and July 1.453 with September around 1.839 to 1.59.
The report lists higher wheat prices with No 2 red at 3.40 to 3.41 for May and 3.58 for May futures, No 2 hard around 3.49 to 3.50, July figures, and oats higher with No 7 oats at around 73 cents for May and No 2 white about 1.65 to 1.66. The snippet shows fluctuating grain prices and incomplete terms.
Galveston reports 4096 bales while Houston lists 1977 and New Orleans 1278. Mobile Savannah Charleston Wilmington Boston stock figures are given with deficits for the season totaling 49791 dollars.
The New York market reports No. 7 Bio nominal futures steady with July at 8.29 a unit. Quotation for another grade sits near 843 as traders note limited movement in the session.
The northern hog market moved up today with gains from five to eleven cents. Cattle and sheep held steady while the local stock market remained near previous levels. Fort Worth receipts included hogs and cattle with mixed city trade figures and price ranges across categories.
Recounts and market data from Chicago Michigan Basin show hog receipts near 10,000 with a strong market. Mixed and heavy hogs quoted around 16.0 to 16.45, cattle receipts about 700 with native beef at 9.40 to 13.70, stockers and feeders 7.56 to 10.25, calves 4. Sheep receipts steady with wethers 12.00 to 11.75 and lambs 14.60 to 39.00.
Hogs receipts 1000 with prices up to 19 cents higher. heavy fed hogs at 15.50 to 16.00, pigs around 12.50. Cattle receipts 200 with prime fed steers about 11.55 to 13.06, dressed steers 9.50 to 12.00, cows 6.50 to 7.40, calves around 8.00. Sheep receipts 600 with lambs 14.50 to 19.00, yearlings 13.00 to 16.50, wethers 12.90 to 15.00, ewes 11.00 to 14.50.
Receipts and quotations list prices for cattle and sheep. Hogs and pigs show mixed gains with feeders and beef steers varying around market highs. Native beef steers range from 7.50 to 13.00, cows from 4.00 to 11.00, sheep and lambs show slight declines to nominal steadiness.
May 12 Dallas the last day of the Dallas rehearing of the Shreveport rate case as Special Saminer Thurrell will move to San Antonio for continued hearings. Railway men shippers and state officials of Texas Louisiana Arkansas and Oklahoma attended and testified. The proposal to move hearings to San Antonio was urged by A Pawkett of the San Antonio Traffic League and supported by Texas officials citing easier Austin to San Antonio travel.
The government issued a procurement request for 85 million yards of low count print cloth yarn goods for hospital use. Print cloth activity remained strong with large sales of wide cloths for bleaching and the wool market stayed firm and active. Ready to wear showed irregular demand and a quieter tone.
In New Orleans on May 12, rough and clean rice remained strong with good demand. Receipts totaled 568 pockets of clean rice, while rough Honduras sales reached 116 sacks and quotations held steady at 6.00 to 7.05 per unit, others unchanged.
Washington May 12 reports that express companies earned about 25 percent more receipts in January yet operated at a loss of 112,123 dollars. The Interstate Commerce Commission publicized the figure, contrasting with a net profit of 138,220 dollars in January last year.
Minneapolis board of directors, meeting today, voted to continue trading in May wheat, signaling no change in commodity dealings. The decision came during a special session of the Minneapolis Chamber of Commerce.
The Houston District reports 24 hour data ending at 8 a m with temperatures generally 5 to 10 degrees below normal. Light to moderate rain fell in Texas and southern Louisiana while Mississippi Alabama Tennessee North Carolina northern Florida and southern Georgia saw lighter precipitation. Heavy rains occurred in Ballinger 1.14 inches and Hebbronville 1.10 inches. Allen Buell, Meteorologist, Weather Bureau.
Cristobal C. Solis, registered at a downtown hotel, says he was robbed of $200 by a pickpocket on Friday night. Thefts of twenty eight chickens occurred Friday night and nightly in recent weeks. Victims include S Freeborough, 215 South Palmetto Avenue with 22 stolen, W Goodwin, 501 West Mulberry Avenue with six, and Ed Lorey, 105 Devine Street, losing a chest of tools. Discharged soldier J C Bailey reported a suitcase of clothing disappeared from a downtown pool hall Friday afternoon after he left it there. Police have a description of a young man suspected in the case.
At the annual Alamo Heights Civic Club meeting, plans to equalize taxable values in the Alamo Heights Independent School District were discussed to raise about 500000 for school maintenance. Officers were elected: A W Hartman president, Mrs J M Yoyns secretary, Herbert I Smith treasurer. The group noted district total value around 1500000, with vacant property taxed on an acre basis far below market value, and urged remedy to provide sufficient revenue.
About twenty four Traction Company employees across gas electric and car service departments will plant gardens on company land near the First Mission. Each of eleven acre plots will yield roughly a half acre for vegetables. The company offered the program days ago and received twenty four applications. Water mains will be extended to the plots with a hydrant installed on each, and plowing has begun.
Rain delayed field readiness leaving plots to be turned over to tenants. Each plot must be worked by the tenant or a family member in producing food or feed. Several office workers have taken gardens and will tend them in the evenings and early mornings. The company supplies plowing and water service at no cost.
Captain Thomas Ball longtime Democratic leader and former assistant United States attorney general from 1893 to 1896 died at his home in Los Angeles. A Confederate veteran he also served as assistant attorney general of Texas and in the Texas State Senate. He was eighty and survived by a widow and five children including Edward Ball of El Paso Mrs Bayard W Wright of Tappahannock Virginia and Miss Jessie Ball of San Diego. He was born in Northumberland County Virginia.
The Swiss government informed Berlin that the Switzerland Germany commercial agreement cannot be carried out due to all American steamship companies canceling transportation contracts with Switzerland, Holland and the Scandinavian states. The Corriere Della Sera views this as an economic blockade of Germany beginning.
A report from the bureau of labor statistics shows bookkeepers and clerks dying at an average age of 36, while farmers live to about 58. The figures underline longevity differences across occupations with farming showing the longest lifespan among the groups reported.
GOLIAD Texas May 12 Charles Johnson manager and owner of City Garage was instantly killed yesterday evening by a live wire in front of his business. He touched a live wire while working on a sign and was crushed on the curb as he fell.
A well dressed stranger sits in a mourning coach beside Harry Lauder at a Glasgow funeral. Curious occupants question him about his relation to the deceased, and he reveals his doctor ordered exercise as the cheapest way to take it.
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