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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 24, 1917
Page
11
Precipitation on Wednesday measured at .08 inches, normal for the day. Year to date precipitation totals 6.07 inches with a deficit of 5.37 inches since January 1. Continuous precipitation details indicate no rain on Wednesday beyond the daily total.
The cotton market opened with a substantial morning loss but soon turned upward as May contract liquidation concluded at noon. Prices climbed to a large net gain on crop concerns, wary war news, and reports Russia rejected German peace offers, then eased later. New York closed steady 15–21 points higher. New Orleans 15–25 higher. San Antonio spots 20.35.
The New York cotton market opened 30 points under prior close with May liquidation weighing on sentiment. July and October rallied to 21.00 and 20.63 as bull support and covering grew, late shorts pushed May up toward 21.50, and deliveries firmed with July at 21.14 and October 20.77. Strong spot demand, optimistic war news, and crop reports lifted prices to 21.21 for July and 20.89 for October before closing steady.
In New Orleans on May 24 the cotton market dipped 18 to 19 points at opening as poor cables and realizing sales weighed on prices. Cooler belt temperatures spurred fresh buying and support orders, lifting July and other months to new highs before closing 15 to 18 points higher than yesterday.
In New Orleans May 24 cotton opened steady with May 20.35 July 20.59 October 19.86 December 19.99 and January 20.09. Futures closed Thursday 15 to 25 points higher, signaling a modest advance across the board.
Liverpool May 24 spot cotton in good demand with prices for good middling 13.95, middling 13.794, low middling 13.544. Total sales 10,000 bales including 9809 Amer aa for speculation and export. Receipts 12,000 including 4900 American.
Irregular and unsettled futures in Liverpool trading listed May 18 with May-June at 13.154 pence and other spreads including July-August at 12.98 pence and December-January at 12.274 pence, with September-October 12.564 and March-April 12.13 pence.
Weekly cotton totals: 51 000 bales forwarded to mills including 43 000 American. Stock 541 000 with 415 000 American. Imports 24 000 of which 16 600 American. Exports 8 000.
Tiverpool is due to open Friday showing a nine to fifteen point advantage as the event unfolds. The update notes a solid early edge and expectations of a strong start for the team.
In Savannah on May 24 turpentine firm sales 42 receipts 42 shipments 866 stock 9524. Resin firm sales 1143 receipts 1241 shipments 4749 stock 65. Quotations list multiple buyers with prices ranging from 5.16 to 6.49 and several 6.00 to 6.38 added.
New York May 24 coffee futures drifted with July at 8.23 and September at 8.32 as No 7 Rio remained quoted at 10 percent in the day’s market report.
In Washington on May 24 witnesses from southeastern railroads testified before the Interstate Commerce Commission during hearings on their request for a general 15 percent increase in freight rates. They faced cross examination from counsel for the shippers.
Classified notice seeks a male wrap worker for Alamo Printing Co. duties include handling magazines. Employment details not fully provided in readable text.
The San Antonio firm M. Marucheau Grain Co offers several seed types including Red Top Cane seed in orange and amber, White Wonder Seed Corn, Yellow Dent, Sudan Grain, Milo Maize, Earth Corns, and Feter ita with no specified quantities. Availability noted from San Antonio Texas.
The Cotton Region Bulletin notes a temperature drop in the eastern cotton region and a rise in the west for the 24 hours to 4 a.m. with a 5 to 15 degree deficit, lows under 45 in parts of several states, light to scattered rain in Arkansas and Mississippi, and heavy hail at Wilmington, North Carolina. Allen Buell, Meteorologist, Weather Bureau.
New York reports cotton seed oil quotations for the day with price movements and market notes. The brief bulletin lists bid and asked levels, with minor fluctuations across standard grades and no major supply disruption indicated.
Partial OCR shows stock figures for a game day and the previous year with numbers 908,289 928,296 and 1,128,217, plus garbled text indicating team or league references.
Bearish crop reports weighed on wheat prices as harvest nears. July wheat around 2.25 and September near 2.00 with a late decline of 5 to 6 cents. oats weakened on favorable weather. Corn fell after shipping demand slowed and hog provisions showed weakness.
Chicago May 24. Cash wheat quoted nominal. Corn No 2 yellow at 1.73 to 1.74 per bushel. Oats standard 68 4 to 69 cents. Barley 1.30 to 1.60 per bushel.
Local packing house quotations to dealers Thursday list dry salt extras at 24 c bacon extras at 26 c dry salt bellies 14 16 pound average 26 c fancy breakfast bacon 40 c fancy hams sea bacon bellies 14 16 pound average cc Pure lard 244 c compound 190 American cheese 290 pound
Robbers and prices ranged Thursday with a retailer or paid shipper less commission. Eggs steady, Texas country candled 30 8lb per dozen. Butter steady, Texas creamery 82 35¢ per pound. Poultry price moves show hens 16 17c per pound, old roosters 17c, large springs 23 26c, medium springs 30 32c, small springs ?c, broilers 3.25 3.60 per dozen, turkeys 18 19c per pound, ducks 7.00 8.00 per dozen, geese 3.06 10.60.
May 24 at Union Stock Yards Fort Worth and St Louis led a drop in hog prices by 10 cents while Chicago and Kansas City fell 10 to 16 cents. Cattle were down 15 to 25 cents at Fort Worth but steady elsewhere. sheep fell 25 cents at Fort Worth and rose 15 to 25 cents at Kansas City. Receipts totaled cattle 413 calves 14 horses 9 hogs 162 with 84 cattle 14 calves and 162 hogs city bound.
Fort Worth Texas reports cattle receipts at 8000 with prices 15 to 25 cents lower. Cows and heifers down 15 cents. Steers 8.50 to 12.00, stockers 6.50 to 9.00, heifers 7.50 to 10.60, cows 6.50 to 9.00, bulls 86 to 98, calves 7.60 to 14.00. Hogs receipts 2000 with markets 10 cents lower. Heavy 16.70 to 15.75, light 15.60 to 15.70, medium 15.40 to 16.50, mixed 15.25 to 15.40, common 14.00 to 14.75, pigs around 8.00. Sheep receipts 6000, market 25 cents lower. Lambs 16.00 to 18.00, yearlings 14 to 14.75, wethers 13.00 to 14.00, ewes 8.50 to 9.50, goats 9.85 to ?
The May 24 market notes list No 2 hard wheat 2.85 to 2.95 dollars, No 2 red 2.85 to 2.88, No 2 mixed 1.65. No 2 white oats 73 to 73.6 cents and No 2 mixed 72 to 72.4 cents.
In Kansas City on May 24 grain futures closed with wheat at May 2.84, July 2.25, September 1.92. Corn traded May 1.62 B, July 1.51 B, September 1.39 with a mixed outlook across contracts.
The Interstate Commerce Commission dismissed a complaint by Roy Campbell of San Antonio against the St. Louis Brownsville and Mexico and other railroads alleging unreasonable refrigeration charges on vegetable carloads. The commission ruled the case unwarranted.
Quotations in St Louis on May 24 show No 2 red and No 2 hard cash wheat nominal with No 2 Tr at 1.69 dollars, No 2 white at 1.70, oats No 2 at 70 cents with No 2 white nominal.
New Orleans May 24 rough and clean rice showed strength with steady quotations and no blotting rules. Receipts tallied 6559 pockets with buyers and shippers observing stable demand.
New York sugar markets show raw sugar nominal at 5.96 a cent. Centrifugal and molasses prices listed with sales of 7000 bags for June shipments. Refined sugar steady with granulated prices between 7.50 and 8.50.
New York reports strong cotton goods markets with reparations for contract deliveries pushed into March of next year on print cloths and sheeting. Burlap markets hold firm and rise a quarter of a cent. Rumor that hosiery may again be shipped to England.
Observations taken at 8 am Thursday May 24 1917 show wind under 10 mph and precipitation under .01 inch not published. Allen Buell meteorologist Weather Bureau notes.
Henry N. Pope president of the Association of State Farmers Union Presidents issued a statement on Congress food bill introduced by Lever. He says the measure reproduces producers demands including guaranteed price, asks Texas opposition to cease, calls it a great epoch and the most important constructive legislation.
Chicago notes Butter prices higher across quotations with Firsts at 34 to 35 cents and ordinary firsts at 32 to 33 cents. Eggs lower with 26,512 cases received and varied settlement. Potatoes steady with mixed regional receipts. Poultry alive steady with fowls around 21 4 cents.
Receipts and quotes show hogs at 29 600 with a dull market. bulk 15.75 to 16.20, pigs 10.50 to 14.50. Cattle receipts 3000 with steady market. native beef 9.50 to 18.70, stockers 7.50 to 10.35, cows 6.60 to 16.50, calves 9.60 to 15.50. Sheep receipts 7000 with strong market. wethers 12.25 to 14.75, lambs 13.00 to 17.25, springs 15.00 to 21.00.
Creamery 40c firsts 38c seconds 37c packing 2c. Eggs firsts 3ec. Poultry hens 18c roosters 15c turkeys 22c broilers 80c. Potatoes old 3.10 new 3.30 per bushel.
Spot prices show lead steady with East St. Louis delivery at 9 9 1/2 cents, spelter steady, copper firm with electrolytic spot and second quarter at 31.00 to 33.00, third quarter and later 28.00 to 30.00, iron firm and unchanged, tin easy at 65.00 to 65.50.
Kansas City market update shows hogs with 8000 receipts and prices down 10 to 16 cents. cattle receipts 5000 with prime fed steers at 12.65 to 18.40 and dressed beef steers 10.00 to 12.50. sheep receipts 4600 with lambs 16.00 to 20.45 and yearlings 14.00 to 17.60. other categories include cows, calves, and stockers with varied bids.
Louis Missouri May 24 Receipts and Hogs Receipts 14500 market 10 cents lower Lights 1550 4165 pigs 100 14 50 mixed and butchers 1570 1630 seed heavy 1630 1646 bulks 1580 Cattle Receipts 2500 market steady Native beef steers 7500 1300 yearling steers and heifers 550 1360 cows 600 1125 stockers and feeders 600 1000 Texas quarantine steers 550 949 50 prime southern beef steers 800 1150 beef cows and heifers 4259 100 prime yearling steers and heifers 750 100 native calves 6000 9714 50 Sheep Receipts 2000 market steady to strong Clipped lambs 1460 1700 clip per ewes 950 1400 spring lambs 1500 200 canners 600 800
Lead spot 36 1. futures 29 10. Spelter spot 54. futures 159s. Copper spot 130. futures 129 108 electrolytic 142. Tin spot 55 5. futures 253 15. Metals prices quoted for London market on May 24.
Income from Texas railroad operation rose nine months ending March 31 1917 from 21 152 246 to 33 320 297 a net gain of 12 168 056 or 67 53 percent Total operating revenue reached 1 093 794 827 up 19 193 155 or 22 42 percent Freight revenue climbed to 75 484 826 up 13 026 054 21 54 percent and passenger revenue grew to 28 810 233 up 5 719 245 24 77 percent.
The Washington Star quotes poet critic Holdsworth Perrin who mocks Austria's stance on submarine policy. He likens Austria to a henpecked husband in an alliance, contrasting formal repudiation with timid dependence within the power structure.
The Sinn Fein conference in Dublin on May 24 unanimously resolved to refuse participation in any conference called by the English government to settle the Irish question unless four conditions are met. They demand independence terms, a public pledge to international powers to ratify conference majority, a convention of freely elected representatives, and prisoner-of-war treatment for Irish detainees.
A dialogue describes orders to wake a person after noon, with the office boy confirming the instruction and the registrar role referenced in a clipped stage line.
A New York bridge enthusiast who authored a book on the game sent it to a renowned Rochester player for his view. About a week later he received the letter noting the work is a very good game but not as good as bridge, signed Frank Card.
New York May 24 Many recoveries from yesterday's unsettled session greeted today's opening in the stock market. Steel led gains, rising toward 131 as rails and munition equities posted mixed moves. New Haven slid to 32 before rallying to 85, while overall closing remained firm.
Trading in Mexican currency in San Antonio on Thursday shows quoted prices for pesos and related notes. Sources include Bank of London and Mexico and National Bank notes reflecting the day’s bid and ask levels.
Time loans were steady in New York with 60 day terms at 4 and 4 percent, 90 days at 4 and 4 percent, six months at 4 percent. Call money firmed to 3 percent high and 2 percent low, ruling rate 2.4 percent, last loan 3 percent, closing bids at 3 percent.
Mercantile paper at 1% 5 per cent and Sterling 60 day bills quoted at 4.72. Commercial 60 day bills on banks at 4.7119 4.714. Demand 4.759 16. Cables Bar silver 71 ec Mexican dollars 58 c. Government bonds weak. Railroad bonds irregular.
London reports bar silver at 37 1 2d per ounce and Money 34. Four percent discount rates shown for short bills at 4 11 16 percent and three months bills at 4 percent.
Wholesale prices to trade listed for vegetables and fruits across Texas and California. Include potatoes onions cucumbers tomatoes peppers beets carrots cabbage radishes celery turnips lettuce squash beans spinach rhubarb and fruits like strawberries dewberries apples pineapples bananas grapefruits lemons limes dried fruits peaches apples prunes apricots dates with per unit measures and ranges.
A dense catalog of wholesale prices lists sugar at 10.25 per hundredweight for beet sugar, assorted coffees with Roasted and green grades, rice screenings at 6 per hundredweight, and calamities of canned fruits vegetables meats sardines and more. It also covers flour bran meal, grains like corn oats hay and seeds, plus hides wax and tallow with varied per unit rates.
An official Belgian source via Associated Press reports Belgian deportees still held in Germany despite Emperor William’s promises. Only about a third repatriated, with many sick and maimed. Reports describe death, degrading conditions, and coercive labor, while families endure martyrdom and ongoing terror.
Italy marked the third year of its war with nationwide manifestations. Towns across the kingdom decorated with allied colors including the Stars and Stripes to celebrate the occasion.
A Quaker man in trouble with authorities was to be escorted to the lockup. The sheriff was welcomed by the wife who claimed her husband would see him. After hospitality, the husband appeared to have fled, saying he had seen the sheriff but disliked his looks and gone another way.
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