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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 16, 1917
Page
13
The daily quotation of principal spot cotton markets shows middling sales across San Antonio Houston Galveston New York and New Orleans with New York closing 13 to 19 points higher and New Orleans 17 to 19 points higher. Prices eased early then rose after the weather bureau report with futures steady.
The New York cotton market opened steady with a 1 to 15 point advance on firm cables and optimistic submarine outlooks. July fell to 19.72 and October 19.10 after the call, then rebounded to around mid-day highs before easing to last night’s close, finishing very steady as the Weather Bureau report influenced sentiment.
In New Orleans May 16 Better fables than due sparked moderate buying at the opening of the cotton market with prices 4 to 6 points above yesterday. Buying waned as favorable belt weather prompted a retreat. by mid session prices dipped 2 to 6 points under prior close before government crop reports boosted values. Active months rose 9 to 12 points toward the end, shorts covering as demand steadied. by 1:20 the market showed a net 11 to 12 point gain and closed very steady with a 17 to 19 point advance.
New Orleans cotton market opens steady with May at 19.59 and July 19.11 while October 18.57 December 18.69 and January 18.79. Futures close 17 to 19 points higher with varied intraday highs and lows and mixed cash-like readings across months.
Liverpool cotton steady with Gool middling at 12.09 cents and middling 12.97. Low middling 12.76. Sales reach 10,000 bales including 1,000 for speculation and export. Receipts 200.
Liverpool reports quiet futures with May and other month quotes and a note that Liverpool is due to open Thursday. Alabama supplied about half of the 11.5 million pounds of flake graphite produced in the United States last year. Two musical tones tested in England aim to replace the dot and dash telegraph code.
Office listing notes a rental at 623 Willow Street Government Hill. Property appears as a two light houseng unit with unspecified terms. Neighbors report steady demand in the area and potential lease inquiries.
Unseasonably low temperatures and cold winds hinder cotton and warm weather crops. Growth is very slow with much replanting needed across districts. Cultivation is favorable and chopping is advanced in eastern Texas. strawberries ripening slowly and citrus improving in Florida. General Texas rains favorable to crops. Allen Buell, meteorologist.
The May 16 national weather and crop bulletin from the Department of Agriculture reports cool dry winds in the southern belt slowing cotton growth with poor germination. Some Mississippi and Florida fields are being plowed up for other crops while cultivation and chopping progress in Eastern Texas. In Florida cotton is generally good despite boll weevil presence.
Resources of the savings departments of 29 state banks with such departments at April 30, 1917 totaled 5,193,891. First lien on real estate amounted to 4,081,005. Liabilities included 5,138,733 due depositors, 85,000 interest due depositors, and 4,561 undivided profits. Cash reserves were 582,183 against a 745,286 required cash reserve, exceeding requirements by 136,896.
The weather report lists conditions across multiple U S cities with wind directions and temperatures and notes minimal precipitations not published. A separate note mentions a patent for a weighted fish hook designed to keep bait within reach at river bottom.
The Weather Bureau reports for San Antonio and vicinity: tonight fair, Thursday partly cloudy. East Texas: tonight generally fair, warmer in the northeast, Thursday partly cloudy and cooler in the northwest.
CHICAGO May 16 The wheat market showed no bottom with prices tumbling as much as 23 cents in one hour. Openings fell across the board from July to September as fear of government price limits and ideal weather dampened demand and interest from shorts remained weak. Corn and oats traded lightly with mixed little net moves while provisions saw no strong demand.
Chicago on May 16 reports cash wheat No 2 nominal and No 2 hard at 2 dollars. Corn No 2 yellow at 1.60 to 1.68 dollars. Barley and gate prices listed with standard quality at 1.25 to 41.63 dollars.
Cash wheat prices list No 2 hard 2.95 3.00 No 2 red 2.90 2.97 Corn No 2 gist 1.56 1.57 No 2 white 1.63 1.60 Oats No 2 mixed 71 74.
In Kansas City on May 16 grain futures closed with wheat bids at May 2.80, July 2.26, September 2.05 and corn at July 11.50, September 1.41.
In St Louis on May 14 cash grain values show No 2 red nominal No 2 hard at 3.05 per bushel and No 2 white around 1.64. Additional lines note No 2 orange and mixed quotes with small variations in white and red wheat bids.
Cabbage drops to 4.50 per hundredweight while flour declines to 14.90 and 15.30 per barrel. Bran at 2.10 per hundredweight and corn down five cents per bushel. Northern white 1.90 bushel job lots 1.85 car lots. Texas No 3 1.86 job lots 1.78 car lots. northern mixed 1.81 job lots 1.72 car lots. Oats 3 cents. Texas oats 0.92 job lots 0.84 car lots. No changes in fresh fruits butter gas poultry groceries provisions seeds or hides.
Jobbers' prices to retailers or paid shippers hold with little change. Texas country candled sells at 29 Witec per dozen, butter steady with 36¢ per pound at creamery and 25¢ country. Poultry values show hens 18 to 19¢, old roosters 11 to 12¢, springs 28 to 32¢, broilers 3.25 to 3.60 per dozen, turkeys 18 to 19¢ per pound, ducks 7 to 8 per dozen, geese 9.06 to 10.00 per dozen.
Chicago market report lists butter and eggs holding steady with unchanged evenings. Butter steady with various grade prices. egg receipts 37 863 cases and firsts 33 34c, ordinary firsts 30% 21c. Potatoes higher with multiple regional white varieties priced around 2 500 to 2 752.90 per car. poultry alive lower with fowls at 22c.
Quotations from Kansas City markets show butter at 89 cents, creamery outlook steady. Poultry prices listed for hens, roosters, turkeys, and broilers with various per pound rates. overall market figures include old and new values in the thousands.
Local packing house quotations for dealers list dry salt extras at 24 percent, bacon extras at 24 cents, dry salt bellies 14 to 16 pounds at 26 cents, fancy breakfast bacon at 39 cents, fancy hams at 33 percent, bacon bellies 14 to 16 pounds at 28 4cc, pure lard 24 percent, compound 19 cents, and American cheese at ? cents per pound.
Chicago reports mixed pork quotes with changes in prices and a list of nearby and future contracts. The brief notes open, high, low, and close values for May and July positions amid fluctuating futures data.
New York sugar prices hold steady as of May 14 with raw sugar at 6.02 cents per pound and centrifugal at 6.02 cents. Molasses sugar quotes report 5.14 cents, while fine granulated is listed at 7.60 cents.
Savannnah reports mixed turpentine and resin activity with varied prices and volumes. Turpentine sales listed at 4%% to 44% with receipts 536 and shipments 15, stock 10 121. Resin firm shows sales 595, receipts 1 870, shipments 852. prices cited include multiple irregular figures and discounts, reflecting fluctuating market quotes in the Georgia port.
The Business Boys Indoor Baseball League opener saw the Giants led by captain Edward Barr defeat the Cardinals 12 to 6. Clarence Boldt starred with three singles and a double while Barr added a two-bagger a triple and a single as Boldt pitched well. Shirar led the Cards with two two-baggers and Steffler struggled against the Giants strong hitting.
New York on May 16 reports futures steady with Rio No 7 at 10 percent. May futures quoted at 8.00 and July at 8.17.
New York on May 16 reports the cotton and wool goods trades remain largely controlled by government requirements. Civilian demand stays light while activity on existing orders remains very large, indicating a strong backload despite weaker consumer buying.
Boston and Cleveland clash in the third game of their current series at League Park this afternoon. The day honors Cleveland center fielder Speaker, who led the league in batting last season, with activities scheduled around the AL matchup.
Houston May 16 Four Rice Institute football backs Brown Fendley Vance and Gripon have joined the colors. Brown has signed with the Red Cross and may be among first units to train near the fighting lines in France. The others serve with the officers reserve corps at Leon Springs.
May 16 at Union Stock Yards reports show hog prices easing across the north with Chicago slow and St. Louis 5 to 10 cents lower while cattle and sheep gained. Kansas City cattle and hogs rose slightly and local city trade remained strong for both cattle and hogs. Receipts tallied at cattle 393 calves 49 horses 36 hogs 142 sheep 260 goats 301, with 91 cattle 46 calves 66 hogs for city trade.
Fort Worth Texas May 16 receipts show hogs at lower prices with top quoted around 15.90. Cattle receipts about 9000 with diverse classes including beeves around 8 and stockers 6.50 to 9.26, heifers 8.30 to 10.50, cows 6.00 to 9.60, calves 7.50 to 14.25. Sheep receipts about 3000 with lambs 16.50 to 17.85, yearlings 14.00 to 15.00, wethers 13.00 to 14.00, ewes 12.00 to 9.50, goats 6.60 to 8.50.
Receipts and quotations for hogs cattle and sheep show slow hog demand with bulk around 16.25 to 16.85 for various grades and pigs at 10.50 to 14.50. Cattle receipts near 18,000 with native beef cattle 9.50 to 13.70 and calves 9.75 to 14.25. Sheep receipts about 10,000 with wethers 12.35 to 16.15 and lambs 15.19 to 19.65.
Kansas City market reports show hogs with mixed receipts and prices from 15.40 to 16.25 for heavy hogs and pigs at 13.00 to 14.75. Cattle receipts include 600 Southern cattle with prime fed steers at 17.50 to 13.25 and cows 6.50 to 11.00. calves 8.00 to 13.50. Sheep receipts at 7,000 with lambs 15.00 to 19.75 and yearlings 14.00 to 17.00. ewes 12.00 to 15.00.
In St Louis on May 16, cattle and hogs sold with varied bids. Hog prices ranged from 14.25 to 16.40 per cwt for mixed and butcher. hog receipts noted. Cattle receipts 2500 with native beef steers at 7.50 to 13.00. yearlings and heifers 6.50 to 11.00. cows 6.00 to 11.00. prime beef steers 8.00 to 11.50. beef cows 4.25 to 9.09. Texas quarantine steers 5.50 to 9.50. yearling steers 7.50 to 10.00. native galves 6.00 to 14.25. Sheep receipts 1600 with ewes 11.50 to 15.05. yearlings 13.50 to 16.90. clipped lambs 14.00 to 16.35.
Frankie Burns of Jersey City outpointed Joe Lynch of New York in seven rounds of a ten round bout in New York City. Burns weighed 115 3 4 pounds while Lynch weighed 116 3 4. In Brooklyn, Al Badoud welterweight champion of France defeated Kid Graves of Milwaukee in ten rounds. Badoud 158 pounds, Graves 152 1 2. In Boston, Johnny Dundee defeated Chick Simler by referee's decision in twelve rounds, a result similar to their prior meeting two weeks earlier.
At Kansas City Kansas City 1 Toledo 6. At St Paul St Paul 5 Columbus 3. At Milwaukee Milwaukee 2 Indianapolis 0. At Minneapolis Minneapolis 1 Louisville 2.
A Pittsburg Dispatch item narrates a humorous exchange where Mr Babcock drily corrects his wife over a tale of an old friend. The couple argues about who the friend knew and when, highlighting a playful miscommunication.
A restaurant owner quotes a harsh remark about a tough substitute described as tougher than leather. The exchange, framed as a challenge, centers on a material praised as potentially more valuable than food and tied to a Washington Ste event or feature.
New York markets opened with loss restraint as Industrial Alcohol, chippings, Crucible, Bethlehem Steel, and Republic led gains. United States Steel rose, Associated Oil fell 3 percent, rail and specialty stocks picked up after midday, and coppers advanced on steady demand. Steel posted further gains into the close, closing strong despite early setbacks.
Trading in Mexican money in San Antonio on Wednesday showed quotations. Silver halted in a state or national bank notes were mentioned with Lowton and Me as part of the report.
Mercantile paper 5 percent. Sterling 60 day bills 4.72. Commercial 60 day bills on banks 4.7145. Commercial 60 day bills 4.71. Demand 4.7565. Cables 4.76716. Guilders demand 41. Cables 411. Bar silver 74 1 2 c. Mexican dollars 58 c. Government bonds steady. Railroad bonds weak.
In New York on May 16 time loans eased with several terms listed: 60 days at 4 to 4 percent, 90 days at 4 percent, six months at 4.44 percent. Call money steady with high at 2 1/2 percent and low at 2 percent, ruling rate 2 1/2 percent, last loan 2 1/2 percent, closing bid and offered at 2 1/2 percent.
London reports bar silver at 22d per ounce and money at 34% 4 per cent. Discount rates show short bills at 4 11-16 per cent and three months bills at 4 per cent.
New York metal market brief shows lead steady to firm with May 10% and 10% terms and East St Louis deliveries at 94% 915. Spelter quiet spot. Copper firm electrolytic at 31,538.00 for spot and later quarters 28 to 30. Tin strong spot at 66,000 pounds and 67.00. Iron firm and unchanged.
A scrambled news snippet from Tondon reports prices for lead copper tin and electrolytic markets with futures figures. It also includes a humorous classroom exchange about woolly overcoats and a Washington Post style quip about a marshal guiding two black prisoners to Atlanta, reflecting brief wartime tone.
A dancer compliments a man by comparing him to Whitman poems. The scene features dancing one step, heavenly music, silken skirts, and intoxicating roses. The man feels dizzy, and she arouses curiosity by saying any Whitman poem could fit, noting the feet are mixed in all of them.
Two Michigan men invent a gas driven tractor designed for snow and ice. It runs on four corrugated drums and is steered by a single rune, showcasing an unusual propulsion and steering setup for winter use.
A long listing of wholesale prices to trade for fruits vegetables and staples. Items include potatoes onions cucumbers tomatoes cranberries strawberries apples pineapples oranges grapes lemons limes and more with per unit per weight pricing. Regions named include Texas Florida California and New Mexico with multiple crates bushels barrels and pounds as units.
Nashville defeats Mobile 9 to 3 as Nashville pitchers hold Mobile to three runs. Atlanta tops Little Rock 6 to 4 after a late rally. New Orleans jabs Birmingham 4 to 2 at home as Hill, Haworth, Robertson, and Higgins divide duties on the mound.
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