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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 22, 1917
Page
11
The article provides daily quotations from principal cotton markets used as a basis for buying and selling. It notes middling price as the standard and specifies that unless stated otherwise, prices are for cotton delivered at the markets.
The cotton market opened weak on May 22 amid unease over Russia and favorable weather plus a bearish census report, with prices logging a large net loss. In the afternoon the market firmed, rising on a bullish private report and strong spot conditions. New York closed steady 26 to 1 points higher, New Orleans 21 to 23 higher, and San Antonio sports were 20 05.
The New York cotton market opened steady with an 8 to 11 point advance but soon declined on liquidation and selling in the region. July futures hovered around 20.71 and October near 20.40 as buying support returned, ending the day very steady after a volatile session influenced by crop condition reports and Wall Street activity.
New York May 22 cotton futures opened steady with July at 20.76 cents a pound, October 20.45, December 20.60, January 20.63. Futures closed Tuesday 26 to 31 points higher.
In New Orleans on May 22 cotton prices fell after the census bureau released lint production to April 30 at 1,210,875 bales. Early trading showed 1 to 7 point declines, with short selling and long liquidation. By noon dips deepened, then spot demand and a late rebound pushed prices above yesterday's close by afternoon, with active months up 12 to 13 points from the previous close.
New Orleans on May 22 reports cotton opening steady as May and July futures bid 20.27, October 19.84, December 19.95, January 20.05. Futures closed Tuesday 21 to 23 points higher, with daily highs and lows listed for several contracts.
Spot cotton market shows strong activity with good business done. Prices for good middling and related grades quoted, with 12,090 bales sold including 10,600 American and 1,000 for speculation and export. Receipts total 5,000 bales, of which 4,900 are American.
Liverpool reports futures steadiness with rates for May through April across months. Notable values include May 13.04d, May-June 12.96d, July-August 12.80d, September-October 12.50d, December-January 12.27d, February-March 12.184d and April-May 12.05d.
The Liverpool club is set to open on Wednesday at eleven o clock local time with a twelve point lead noted in early standings.
Cotton receipts at U S ports show 17 932 bales yesterday, vs 914 899 a week ago and 1 125 451 a year earlier, indicating a seasonal deficit of 5 217 519 bales.
Coffee prices on the New York market show No 7 Rio steady with July futures at 821 and September awaiting further direction in a brief trading update from the session.
The Census Bureau released figures: cotton seed crushed from August 1 to April 30 totaled 4,164,801 tons with 229,817 tons at mills. Crude oil on hand 16,159,892 pounds, refined oil 325,268,739 pounds and linters 147,701 500-pound bales. Exports for the period included 123,879,675 pounds of oil, 430,207 tons of cake and meal, and linters 29,569 running bales.
Temperature dips in western cotton belt with small excess east of the Mississippi. Rainfall widespread across Texas Oklahoma Arkansas Louisiana Mississippi Alabama Tennessee and north Georgia with heavy amounts in Arkansas Tennessee and northern Mississippi. Readings include Newport Arkansas 1.00 inch Batesville 1.16 Brinkley 1.24 Marianna 1.28 Bentonville 1.08 Milan Tennessee 1.08 Arlington 1.74 Brownsville 1.32 Holly Springs Mississippi 1.08 Corinth 1.76 Batesville 1.40. Allen Buell meteorologist Weather Bureau.
Governor Gustavo Espinosa Mireles of Coahuila plans a biennial international exposition at Saltillo starting in 1918 with shows from San Antonio manufacturers. Senor Enrique Guerra travels to recruit exhibitors and win Chamber of Commerce support. He notes 600 exhibitors already signed and cites Mexico-San Antonio trade renewal as the aim.
A farewell dinner honors R A Dickson sergeant major Medical Corps United States Army who departs Tuesday night for New York under orders Alzafar Patrol hosts the event at 7 30 p m at the Travis Club. Members meet at the armory 6 30 to don uniforms and regalia then march to the club with special guests including judges W S Fly Robert L Ball and Nat Washer. Captain Arthur Storms urges all Al cafar Patrol members to attend and later march to the station at 11 o'clock for a final sendoff.
An Ohio inventor has created an automatic signal system for traveling cranes in machine shops. The device uses different colored lights to indicate the direction of crane movement, enhancing safety for workers.
Chicago May 22 Wheat futures show scant activity with September slipping from early gains to 2.05 near close as moisture reports weigh. July settles around 2.27 with contracts pressured by Australia shipments and ample offerings. Corn rises briefly on demand but ends weaker as forecasts of higher acreage loom. oats firm on corn strength and hog prices steady but soft overall.
Chicago quotations show No. 2 red corn at 1.72 to 1.73 per bushel and No. 2 hard yellow at 1.72 to 1.73, with No. 1 yellow a touch higher. Steel prices edge in and eye, Harley listed around 1.60, reflecting market activity and close prices.
Kansas City May 22 price rundown shows cash wheat at No 2 hard 2.92 to 3.03, No 2 red 2.83 to 2.96. Corn prices list No mixed 1.65, No 2 white 1.68, oats No 2 white 0.72 to 0.75, No mixed 0.71 to 0.71.
Grain futures closed in Kansas City with wheat at 2.96 in May, July 2.32 and September 2.0. Corn futures show July at 1.62 and September at 1.54. The report notes volatile prices across months with fluctuating bids.
Prunes 30 40 25 pound boxes up 13 percent per pound while evaporated apples rise 14 cents per pound. Sunset coffee up to 29 cents per pound or 85 cents for three pounds. Corn prices climb with White Texas No. 3 at 1.90 a bushel in job lots and 1.85 in car lots. Northern mixed corn at 1.85 or 1.51. oats 90 cents per bushel in job lots and 84 cents in car lots. Seed feterita vanishes. no changes in fresh produce, eggs, butter, poultry, provisions or mill products.
Tuesday market notes list jobbers prices to retailers or shippers with commission. eggs steady at Texas country candied 30 Ble per dozen. butter steady. creamery 32 to 36 cents per pound, country 25 cents. poultry steady with hens 17 to 18 cents per pound, old roosters 11 to 12 cents. large springs unknown, medium springs 30 to 32 cents, small springs tied. broilers 3.25 to 3.60 per dozen. turkeys 18 to 19 cents per pound. ducks 7.00 to 8.00 per dozen. geese 9.06 to 10.60.
Receipts report 32,410 cases of firsts 344 with 55 cents ordinary firsts 22 33cc, potatoes unchanged with 11 cars noted. Idaho Oregon and Washington white 35 253.35, Wisconsin Michigan white 3.00 63.20. Poultry alive prices higher with fowls 21 percent.
Quotations list creamery prices for firsts at 38c and seconds at 36c with 4 1/2 discount, eggs at 34c for firsts, poultry rates for hens 18c roosters 5 1/2c turkeys 25c broilers 34c, and potatoes old at 3.10 dollars per cwt new at 3.50 to 3.60.
Local packing house quotations offered to dealers include dry salt extras at 24 1 2 cents per pound bacon extras 26 1 2 cents per pound dry salt bellies 14 to 16 pounds average 26 1 2 cents fancy breakfast bacon 40 cents fancy hams at bacon bellies 14 to 16 pounds average 2444 cents compound 190 American cheese 2 1 2 cents per pound.
St. Louis on May 22 tabulates cash grain values with No 2 red wheat at 5.06 to 5.08, hard wheat 3.10, No 2 corn around 1.70, and No 2 white close to 1.70 with cats listed as nominal.
The visible supply of American and bonded grain in New York on May 22 shows wheat down 2,907,099 bushels, corn down 498,009 bushels, oats down 1,739,000 bushels, rye down 10,000 bushels, and barley down 128,009 bushels.
New York on May 22 reported gains in the print cloth and sheeting division with prices rising by about half to three quarters of a cent per yard. Bleached muslins advanced to a cent per yard while knit goods climbed sharply and dress goods held firm.
Savannah May 22 Turpentine steady 4.34 sales 110 receipts 158 shipments 12 stock 9520 Resin firm sales 779 receipts 6438 shipments 1035 stock 9533 Quotations list multiple grades with prices ranging around 6.00 to 6.40 per unit with various letters indicating grade and origin figures.
Observations and notes from a weather bulletin are interleaved with a report that California scientists have created a gold palladium alloy as a substitute for platinum iridium in chemists' utensils. The weather section notes light winds under ten miles per hour and precipitation under .01 inch.
In New Orleans on May 22, rice sales showed healthy demand with a strong tone. Receipts included 468 sacks, mills 269 clean, with prices listed for several varieties such as Rough Honduras around 6.00 and Japan near 5.50 to 7.25 per unit, plus bran and polish values noted.
Austin based Texas Indemnity Exchange was licensed today by the state department of insurance and banking to write workers compensation insurance.
Raw sugar steadies at 5.02 per cwt, centrifugal. molasses 5.14. Refined sugar remains steady with fine granulated at 7.50.
A geological survey estimates the United States consumes about 165000 ounces of fine platinum annually with only roughly 65000 ounces refined domestically and the remainder imported.
Grown experimentally a few years ago, American cotton has become established in India, delivering about a four percent higher yield than native varieties.
An internal sombastini docomotive of 1¢60 horsepower powered by crude oil is hauling passenger trains on a European railroad for experimental trials.
The northern cattle market remained steady at all centers. Hogs showed mild variation from steady to strong at Kansas City and steady to 5 cents lower at St Louis. Sheep rose up to 10 cents at Kansas City while other yards held steady. Local livestock prices remained strong with all arrivals sold as they came in. Receipts included cattle 257 calves 74 hogs 41 for city trade.
Fort Worth on May 22 reports cattle receipts at 10 600 with steady market. Reeves figures show cattle ranges from 5 9 25 to 12 35 and stockers to 10 50. Hogs receipts 2500 steady with weights from 14 25 to 16 00. Sheep and goats: lambs 16 00 to 18 25, yearlings 14 00 to 15 00, wethers 13 00 to 14 00, ewes 12 00 to 13 00, goats 8 50 to 11 10.
Receipts and prices listed for hogs cattle and sheep in Chicago on May 22. Hog receipts 14 000 market steady with bulk 15 90 16 40 and pigs 10 60 14 50. Cattle receipts 4 000 market steady with native beef 9 50 14 65 and calves 10 09 14 50. Sheep receipts 7 000 market steady with wethers 12 75 15 75 and lambs 15 75 20 69.
Kansas City market report shows hogs receipts 14000 with steady to strong tone and prices 15.50 to 16.36 for many weights. Cattle receipts 10000 including 300 southerns, prime fed steers 12.60 to 18.25, dressed beef steers 10.00 to 12.25, cows 7.00 to 11.25, calves 8.00 to 14.00. Sheep receipts 4000, lambs 16.00 to 20.25, yearlings 14.00 to 17.50, wethers 13.00 to 15.00, ewes 12.00 to 15.00.
Cattle receipts reach 4800 with markets steady, native beef and prime steers shown in ranges up to 13.00 and 11.50 respectively. Hogs receive 12600 with mixed quality quoted from 15.86 to 18.45 and bulk at 15.86. Sheep receipts about 500 with lambs 14.00 to 16.65 and ewes 9.50 to 14.00.
The first of a series of swimming contests will be held at 2 o'clock Thursday afternoon in the YWCA pool. The winner will receive a silver loving cup with points awarded for form in swimming and diving. Open to all members. women and girls invited to witness. Entrants plentiful. judging criteria include multiple strokes and dives listed in detail.
A brief anecdote features Secretary of War Baker recounting a country youth driving to a fair with his sweetheart. They pass a popcorn booth and remark on the inviting smell. The scene captures simple frontier charm and local color.
A patent grants protection for an apparatus that steers ships by ejecting jets of water from either side of the vessel. The invention aims to provide a new method of vessel guidance using side jets.
New York May 22 profit taking and irregular early values gave way to a late rally as steels touched new highs before easing. United States Steel briefly hit 125 1 2 then trimmed losses, while others like Bethlehem Steel Anaconda Copper and Mexican Petroleum drifted. Motors lingered heavy with some gains in Alcohol and rails, overall closing at strong, near year highs with a late recovery.
Trading in Mexican currency in San Francisco on Tuesday featured quotations for Bank of Doron notes at 8.5, National Bank notes at 15, Bank of London and Mexico at 10, and other small bank notes listed with varying bids. The report summarizes the bid amounts for local and foreign currency holdings.
Time loans hold steady with 60 and 90 day yields around 4.14 to 4.4 percent while six month notes hover near 4.4 percent. Call money eases with highs near 2 percent and lows around 2 percent. ruling rate near 2.4 percent, last loan 2 percent, offered at 2 percent.
Mercantile paper 44% 5 Sterling sixty day bills 472 Commercial 60 day bills on banks 47144 commercial 0 day bills 471% Demand 47h% cables 476716 Guilders demand 41 cables 4114 Har silver 74%c Mexican dollars 58 %c Government bonds steady Railroad bonds irregular.
London reports bar silver at 8d per ounce and money rates at 31444 per cent. Discount rates listed include short bills 4 13 16 per cent and three month bills 4 per cent.
Letters from three French hospitals thanked Red Cross volunteers in San Antonio for boxes sent via Washington and Paris. The bags garments and bedding praised, with soldiers cherishing comfort bags and praising American sympathy amid wartime suffering.
A French inventor introduces an apparatus that winds clocks using air pressure. The mechanism stores pressure to wind the mainspring, then opens and closes doors as part of the winding process. This marks a novel approach to clock maintenance and operation.
Lead firm with spot to June 10 percent change. Spelter firm with East St Louis delivery at 9 percent. Copper steady with electrolysis deliveries $23.00 to $30.00. Iron firm, end unchanged. Tin firm at $65.50 to $66.00.
Lead spot at 130 10c, futures 29 10s. Spelter spot 54 pounds, futures 52. Copper spot 130 pounds, futures 129 10s, electrolytic 142. Tin spot 254 5s, futures 263 5s.
Northern manufacturers from the National Association of Cotton Manufacturers and southern representatives from the American Association of Cotton Manufacturers met in conference to appoint a committee. The committee, to be announced later, will aid both groups and the government in securing maximum cooperation toward government requests.
The list shows wholesale prices for produce and goods to retailers and shippers, including potatoes at 5.00 hundredweight and new Texas at 4.75, onions, cucumbers, yams, beets, carrots, cabbage, radishes, celery, lettuce, squash, beans, spinach, rhubarb, fresh biscuits, strawberries, dewberries, apples, pineapples, bananas, citrus, dried fruits, peaches, prunes, dates, sugar, coffee, and rice. Prices reflect Texas, California, Arkansas sources and vary by crate, bushel, or pound, with several items in mixed units and some garbled OCR errors.
A dense catalog of wholesale prices for rice, molasses, honey, canned fruits and vegetables, meats, fish, nuts, and farm seeds. Includes per hundredweight and per case terms, with numerous entries for California, Illinois, Maine, and Texas markets, plus hides and tallow figures.
The advertisement lists seeds including Red Top Cane Seed Orange Amber White Wonder Seed Corn Yellow Dent Sadan Grass Milo Maize Kaffie Corns and Feter itn with any quantity available from M Marucheau Grain Co based in San Antonio Texas.
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