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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 21, 1917
Page
9
The cotton market showed a modest morning gain before renewed nervousness over the Russian situation pulled prices down. After a late small rebound the market settled, with New York closing steady between 13 points lower and 8 higher than Saturday and New Orleans finishing 1 to 12 points lower. San Antonio spots quoted at 19.95.
Favorable weekend weather gave scattered selling but opening barely steady with May up 5 points. Buying on Wall Street and western demand pushed active months up, October reaching 20.68 before slipping to 20.44 as nerves over Russia and forecasts buoying sentiment faded.
In New Orleans on May 21 the cotton market advanced 14 to 17 points in early trading as export demand for interior spots and looming rain outlook spurred activity. The market then eased, with most active months ending noon 1 to 4 points up, trading afternoon softer and 5 to 11 points under Saturday's close by 1:30.
In New Orleans on May 21 the cotton market opened steady with May at 20.43 and July 20.21 while October 19.91 December 20.02 and January 20.19. Futures closed Monday 1 to 12 points lower.
Spot cotton in demand with good middling at 13.64d and middling 13.44d in Liverpool on May 21. On 10 000 bales with 9600 American. receipts total 6400 bales, all American.
Futures in Liverpool closed with mixed, mostly lower quotes across months. Prices show May 12.974, May-June 12.914, July-August 12.75d, September-October 12.484, pocket 12.244, February-March 12.16d, April-May 12.05d.
Liverpool is due to open on Tuesday after a 7 point deficit. The roster and venue details are not fully shown in the fragment.
Leaving city must sell at once a 1917 Maxwell five passenger car real bargain. Phone Travis 6476.
Ed Tondre of Pearsall Texas advertises two corner lots with a three room house and outbuildings near No 9 schoolhouse. A nearby day sale offers 59 acres in cultivation, farming tools, livestock, land, well, lease, barn, 60 cords of wood, half crop, and 59 acres. priced at eight thousand dollars with terms. Address 5 Belmont St.
For sale 13715 acres two miles from Center Point with all tillable land except 6 acres and 75 acres cultivated. Describes excellent improvements. Terms available through owner E. C. Meeker Kerrville Texas.
Temperature unchanged or slight rise across the cotton region with near normal to above readings except parts of Oklahoma and northwestern Texas. Precipitation occurred in Texas Oklahoma and Arkansas with heavy rains in Rentonville Oklahoma and small totals in Duran Marlow Chickasha Mangum Weatherford. Weekly forecast calls for local thundershowers and normal temperatures.
Trading in cotton goods surged last week due to government demand for cloths and knit goods. Buyers for commercial houses pushed prints and sheetings, driving prices up on wide constructions, sheetings, and drills while export orders and government needs bolster demand.
Government purchases of war supplies for the army and navy drive steel industry activity. Specifications cover about 1,000,900 tons of rolled steel, rail mills have 65,000 tons of standard sections, locomotive shops 56 locomotives, needing 200,000 tons of steel. Pig iron prices rise $2 to $3 per ton amid activity.
The Supreme Court sustains the 1909 Missouri statute barring railroads from charging higher short haul rates. Missouri court decisions upholding the short haul clause and a $316,504 verdict for McGrew Coal Co. of Lafayette County against Missouri Pacific are affirmed.
Austin, May 21. Three banks were licensed to do business in Texas by Commissioner Austin. The Farmers Guaranty State Bank of Ambrose Grayson county capital stock 10000 The First State Bank Lorenzo Crosby county capital stock 25000 and the Guaranty State Bank Flynn Leon county capital stock 10600. These banks joined the guaranty fund system protecting depositors.
New York May 21 price report shows Coffee futures steady with No 7 Rio at 10 percent. July futures at 8.21 and September at 8.31.
Fat O Flaherty was arrested in Arizona on a prohibition law charge for selling liquor. His defense questioned whether the defendant would sell a quart of whisky if he had one. The jury returned a one minute verdict of not guilty.
The Minneapolis Tribune notes F. W. Bourdillon once awarded a prize for a limerick about There Was a young lady of Hanover. The verse ends with a playful twist as the young man marries another, altering the girl’s plan.
A seven year old, scolded in one room, signals toward his grandmother’s room and whispers to spare her. He explains that the strain is too much and will wear her out. Grandma thanks him, and he replies that his kindness was split fifty fifty for her and for him.
Chicago May 21 Wheat declined while oats rose as the dominant grain on the board. Traders await government action on price controls. July futures fell to about 2.33, September near 2.10, with rainfall and large Australian exports weighing on the market. Corn rose on firmer demand while provisions weakened with hog market trends.
Chicago May 21 market quotes show No 2 red nominal two days, No 2 hard 3 08, corn No 2 yellow 4 39 1 72, oats standard 72 74c, barley 1 30 1 60 reflecting trading values today.
Kansas City on May 21 reports wheat futures with No 2 hard at 2.97 to 3.08, No 2 red at 2.96 to 3.06. Corn bids for No 2 mixed 1.65 to 1.66 and No 2 white 1.69 to 1.70. Oats show No 2 white 7 1/4 to 7 1/2 and No 2 mixed 7 1/4 to 7 1/2.
In Kansas City on May 21 grain futures moved as Wheat May 2.95 July 2.34 September 2.10 while Corn May 1.62 8B July 1.54 to 1.54% September 1.45. Strong activity noted across wheat and corn contracts with varying month figures.
Quotations in St Louis on May 21 show No 2 red cash wheat at 38 10 to 38 14 and No 2 white around 71 72 cents. Oats No 2 and No 2 white were nominal with similar bid intervals.
Raw sugar remains steady with centrifugal at 6.02 and molasses 5.14. Refined products also hold, including cut loaf 9.00, crushed 8.75, mould A 8.00, cubes 8.25, XXAX powdered 7.70, powdered 7.65, fine granulated 7.50, diamonds 7.50, and confectioners A 7.50, No. 1 7.35.
Weather Bureau bulletin notes observations at 8 a m on Monday May 21 1917. Meteorologist reports wind under 10 mph and precipitation less than .01 of an inch.
The wholesale price of eggs increased by one cent to 86 and 31 cents a dozen for Texas country candled. Butter and poultry stayed steady. Texas round green beans dropped to 1.25 per bushel. Cranberries and asparagus faded from the market as California navel oranges rose to 3 per box with small sizes at 2.75. Arkansas strawberries expected Tuesday at 3.25 per crate of 24 quarts. No changes noted in provisions seeds stains mill products or hides.
Shippers' market shows higher egg prices with Texas country eggs 30 31c per dozen and butter steady. Creamery butter 82 36c per pound with country 25 30c. Poultry steady overall with items including heng 17 18c per pound old roosters 11 12c large springs 28 32c per dozen broilers 3.25 3.60 per dozen ducks 7.00 8.00 per dozen geese 9.06 10.60 per dozen.
The Union Stock Yards report May 21 shows northern cattle and hog markets unsettled while Fort Worth is strong and other centers weak. Sheep stay steady. Local market active for cattle and hogs. many stocker sheep sold for about $6.50. Receipts include cattle 403 calves 44 hogs 166 sheep 1974 goats 548. City trade: 95 cattle 35 calves 108 hogs 956 sheep.
Quotations for butter steady with creamery at 33 58c. Legs higher as receipts total 24,279 cases. Firsts 244 35c and ordinary firsts 322 2%ec. Potatoes higher with 15 cars received. White potatoes priced across regions from 5.25 to 13.35. Poultry alive prices up with fowls noted.
Butter and creamery products quoted at 40c for firsts and 38c for seconds with packing 31c. Eggs firsts 4c. Poultry prices: hens 18c roosters 15 1/2c turkeys 25c and broilers 34c. Potatoes: old 3.10 dollars per bag new 3.50 5.80.
Fort Worth May 21 cattle receipts 11 000 market strong beef cattle 6.50 to 11.50 stockers 7.50 to 9.25 heifers 7.50 to 9.50 calves 3.50 to 7.50 hog receipts 4000 best high others steady heavy 14.90 to 16.00 light 15.80 to 15.90 medium 15.70 to 15.80 mined 15.60 to 15.70 commons 14.50 to 15.00 pigs 8.50 to 12.00 sheep receipts 4006 market steady lambs 17.00 to 18.50 yearlings 15.00 to 16.00 wethers 13.80 to 14.50 ewes 12.50 to 13.60 culls 8.50 to 9.50 goats 8.50 to 11.10
Local packing house quotations list prices for dealers on Monday including dry salt extras 24 cents bacon extras 26 cents dry salt bellies 14-16 pound average 26 cents fancy breakfast bacon 40 cents fancy hams 29 cents bacon bellies 14-16 pound average 28 1/4 cents pure lard 24 4 cents compound 19 cents American cheese 29 cents per pound.
Chicago May 21 market report shows hog receipts 41 000 with slow trade and mixed prices from 15.60 to 16.45 for various hog types. Cattle receipts 21 009 with a weak market and native beef cattle 9.50 to 11.50, calves around 14.75. Sheep receipts 10 009 with steady demand. wethers 12.75 to 15.75 and lambs 15.75 to 20.48.
A newspaper-essay advises frugal meat use outlining strategies to cut costs. It suggests choosing cheaper cuts, buying by personal shopping, and using trimmings and bones thoroughly. Tenderizing methods and careful cooking can offset tougher varieties without sacrificing nutrition.
A fragment describes two battalions roused from fatigue with Cockney banter and expletives. A sympathizer asks if they have been far, and the weary spokesman replies they have nearly walked from France, brimming with grit as they claim, We’ve got in our sandbags.
Receipts and quotations show hogs steady to cents lower with bulk at 15.75 to 16.5, heavy 16.25 to 16.49, lights 15.40 to 16.10. Cattle totals around 12,000 with 1,500 Southern, prime fed steers 12.59 to 13.26, dressed 8.00 to 12.00, cows 7.09 to 11.25, heifers 4.00 to 12.25, stockers 8.00 to 10.75, calves 8.00 to 14.00. Sheep receipts about 4,000 with lambs 15.00 to 20.10, yearlings 14.00 to 17.40, wethers 13.00 to 15.59, ewes 12.00 to 15.60, stockers 8.90 to 14.00.
Receipts show 9500 hogs with a market drop of around five cents and varied prices for hog cuts. Cattle receipts total 700 with a steady to lower tone and diverse ranges for native beef steers, yearlings, cows, stockers, and prime southern beef steers. Sheep receipts reach 3500 with steady prospects and prices listed for ewes, yearlings and clipped lambs.
The Philadelphia Public Ledger endorses Superintendent Robinsons order to gather professional beggars and send them to the House of Correction for honest labor. It denounces coddling loafers and argues work-for-wages is the proper remedy over charity that Encourages crime.
The New York stock exchange opened with a confident revival of the prior advance led by industrial and war issues. United States Steel jumped two points to a new high around 124 percent, other steel stocks gained, rail shares eased after a strong afternoon surge, and Industrial Alcohol and Ohio Gas posted notable gains as the market closed on a firm note.
Trading in Mexican money in San Antonio Monday showed quotations for silver pesos and half pesos. State Bank notes and National Bank notes were recorded along with Bank of London and Mex. Bid 53.50 and 15 1/2.
New York on May 21 reports easier time loans with 60 day rates at 44.44 percent, 90 day and six month at 4 percent 74 percent. Call money steady with highs at 2 percent and lows at 2 cents, ruling rate 2 percent, last loan 2 percent, closing bid 2 percent, offered at 243.
New York May 21 Mercantile paper 4% 5 Sterling 60 day bills at 472 commercial 60 day bills 471. 5 0 day bills 471 demand 4754 cables 416 7-15. Builders Demand 41% cables 41% or silver 74%c Mexican dollars 54%c Government bonds steady Railroad bonds firm.
Metal exchange quotes show lead strong with spot to June at 10 percent and Speller firm. Copper steady with electrolytic at 31.00 to 33.06 for spot and second quarter, 25.10 to 30.00 for third quarter and later. Iron prices steady with No 1 northern 44.50 to 46.00, No 2 44.09 to 44.59. No 1 southern 40.00 to 41.00, No 2 39.50 to 40.00. Tin firm at 6525 to 465.75.
London market update lists lead at 130, spelter 154, copper spot 130 pounds and futures 121 108. Electrolytic refined copper quoted at 1142, tin spot 251 pounds 10 shillings and futures 250 pounds 10 shillings.
Wholesale price list shows Texas and California produce to retailers or shippers with figures for potatoes onions cucumbers tomatoes peppers beets carrots cabbage radishes celery turnips lettuce squash beans spinach strawberries dewberries apples pineapples bananas grapes lemons limes and dried fruits. Notable items include Texas white potatoes 5.00 per hundredweight new Texas 4.75, Texas green onions 40 per dozen, tomatoes Texas 1.50 to 1.75 per 4 basket crate, strawberries Texas 1.75 to 2.26 per crate, bananas 3.50 per hundredweight, lemons per box 1.15 to 1.25, limes 3.75 to 4.00, seeded raisins 16 oz at 0.86.
A detailed price sheet lists per pound and per case rates for raisins, peaches, apples, prunes, dates, sugar, coffee, rice, molasses, honey, canned goods, meats, sardines, chilies, flour, bran and meal, wheat shorts, corn, oats, hay, sorghum, and seeds. Includes California canned fruits, vegetables, and various dried beans, hides, tallow and beeswax with unit prices and packaging.
In Wisconsin and several states state universities and colleges grant certificates of recognition bearing the state seal to farmers for eminent service to agriculture. Recent honorees include Henry Krumrey for a cooperative cheese marketing enterprise J Q Emery dairy cattle breeder and ex dairy and food commissioner and Joseph Gordon a community improving pioneer.
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