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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 25, 1917
Page
19
The cotton market rose today with strong buying across the belt. Liverpool and New Orleans showed notable activity as New York finishes up 48 to 61 points, New Orleans 44 to 47 points higher. San Antonio prices around 20.70.
Prices rose across the market with July and October hits near 21.5 and 21.18 cents. Strength in Liverpool and expectations of favorable crop reports and tax cuts spurred gains despite some early profit taking and later uneven fluctuations.
In New Orleans on May 25 the cotton market opened with strong buying as Liverpool futures jumped 24 to 30 points. All months hit new high levels with July at 21.17, and spot sales reached 18,894 bales at 21.06 midling, the highest price in over fifty years. The day saw a record single transaction of 14,200 bales worth about 1.5 million dollars.
Spot cotton in good demand with good middling at 14.06d and middling around 13.904d. Sales total 12,000 bales, including 11,500 American, with 1,000 for speculation and export. Receipts 16,100 bales, all American.
The report lists futures prices by period with May beyond 225. May June trades at 13.614 with July August 13.444. September October at 13.02 and December January 13.69. February March results at 12.604.
The list shows wholesale prices to retailers and shippers for fresh produce and canned goods. Includes potatoes onions cucumbers tomatoes okra peppers beets carrots cabbage radishes celery lettuce squash corn beans spinach and more with prices by state and crate, bushel, or per dozen. Also lists dried fruits nuts flours meats canned goods and animals by various grades and units.
Lead remains strong with spot 1 L iter steady. Copper firm with electrolytic spot and second quarter at 31.00 to 33.00 and third quarter later 28.00 to 30.00. Iron unchanged and tin weaker around 64.13. Prices shown for East St. Louis delivery and related markets.
COUNTRY BUSINESS would consider clear residence or discount for cash. 1933 E. Commerce St. FOR SALE OR TRADE OR RENT 20 acres of land north of city with grocery beer saloon waterworks plant blacksmith shop barn garage and seven room house. Louis Krause McCullough Ave.
Completely furnished six room cottage near car and jitney, includes bath, garage, silver and linen. No sick, half block from transit. Rent $55. Call Mrs. Dascomb at Tr. 4009.
May 25 1917 forecast for San Antonio area and East Texas calls for unsettled conditions tonight and Saturday with probable showers. Precip totals show no rain Thursday and normal daily amount with minor deficits for the period since January 1 reaching about 5.07 inches total and 6.45 inches deficit.
United States Steel topped the list with an active opening surge, selling 20 000 shares at 132 to 132 per share then rising to 133. Bethlehem Crucible and Republic Iron showed strength while coppers oils and other majors gained. Rail shares fluctuated but closed strong.
Trading in Mexican currency in San Antonio on Friday showed bids and asks for various notes and coins. Silver pesos and half pesos had specific bid and asked prices while national bank notes and Bank of London and Mex were cited with 8 and 16 shillings equivalents.
Mercantile paper quotes 3 percent sterling 60 day bills at 472 and commercial 60 day bills on banks at 470 percent with various rates for cos and cables. Guilders demand 415 13 and cables 417 16. Bar silver 4 4 1 2 percent. Mexican dollars 8 4 (e) rail bonds show weakness while railroad boards remain steady.
New York listings show time loan terms for 60 days at 4 percent and six months at 4 1 6 percent. Call money rates vary with high at 4 percent and lows around 2 a fraction, with ruling rate near 3 and last loan at 3.
Bar silver at 37 4 per ounce and money at 3 4 per cent. Discount rates shown for short bills at 4 11 16 per cent and three months bills at 3 4 per cent.
Local markets report new arrivals and price shifts for Texas plums apricots and cherries with crates and bushels priced from 1 to 3 dollars. Cucumber and corn prices fall while strawberries dewberries and squash show mixed changes. No changes in butter eggs poultry provisions or seeds.
Local packing house quotations for Friday include dry salt extras at 24 1/4 cents and bacon extras at 26 percent. Dry salt bellies 24 to 16 pound average 26 1/2 cents, fancy breakfast bacon 40 cents, fancy hams 9 cents, bacon bellies 14 to 16 pound average 28 1/4 cents, pure lard 24 1/2 cents compound 19 cents, American cheese 29 cents per pound.
Shippers market notes Friday prices to retailers show eggs firm at 30 31 cents per dozen in Texas country, butter 32 35 cents per pound creamery, 25 30 cents country. Poultry steady with hens 16 17 cents, old roosters 11 12 cents, springs 20 60 cents, brotiers 3 25 3 60 per dozen, turkeys 18 19 cents per pound, ducks 7.00 8 dollars per dozen, geese 9.06 10.60.
Quotations show mixed market movement with eggs and fowls notably unsettled. Receipts include 23 681 cases of creamery products and 36 cars of new potatoes with varied regional pricing across Florida Alabama Texas Louisiana Idaho Colorado Oregon Wisconsin Michigan and Michigan.
Quotations today list Potter creamery at 40c for firsts 38c seconds 37c packing 52c. Fees firsts 33 1 4c. Poultry hens 18c roosters 15c turkeys 22c broilers 30c. Potatoes old 3.10 new 3.30 per bushel.
Washington May 25 Representative Adamson of the Interstate Commerce Commission said the Britten bill to prohibit calf and cow slaughter will not see daylight this session. He warned he might author such a bill if Congress acts but expected no action now. Cattlemen in Texas protest the measure as Texas congressmen unite against consideration.
Three more insurance firms gain amended licenses to write bombardment and other war risks, bringing total approved by the Texas Department of Insurance and Banking to seven. Norwich Union Insurance Company of Norwich England The Connecticut Fire of Hartford and The Phoenix Insurance Company of Hartford must file amended charters to obtain such licenses. Deputy Commissioner Johnson noted about a dozen applications are pending.
Savannah May 25 Turpentine firm 41 percent sales 348 receipts 470 ship ments 16 stock 9978 Resin firm sales 970 receipts 1713 stock 67137 Quotations list A B C D E F G H T K N W G and W W with prices ranging from 5.55 to 6.39 dollars per unit for various firms and grades.
May 25 at Union Stock Yards the northern hog market fell everywhere with declines from 5 to 18 cents in Chicago Kansas City and St Louis while cattle held steady in Kansas City and St Louis and Fort Worth hogs and sheep showing mixed moves Receipts listed for cattle calves hogs and horses with city trade figures noted.
Fort Worth Texas cattle receipts 800 market down 6 to 8 cents by class steers 5 50 to 12 50 stockers 6 00 8 50 heifers 6 50 19 50 cows 5 00 8 50 bulls 6 00 8 75 calves 6 50 14 00 hogs receipts 1500 market 10 cents lower heavy 15 50 15 55 light 15 40 16 50 medium 15 25 16 40 mixed 15 00 sissie common 14 00 14 60 pigs 8 60 sheep receipts 6000 market 50 cents lower lambs 16 00 18 00 yearlings 14 00 15 00 wethers 13 00 14 00 ewes culled 8 50 9 50 goats 8 00
Receipts and prices for hogs cattle and sheep in Chicago on May 25 with slow to weak markets. Hogs bulk 15.60 to 16.05. light 14.80 to 15.95. heavy 16.15. pigs 10.50 to 15.50. Cattle native beef 9.40 to 138.60. stockers 7.40 to 10.30. cows 6.50 to 11.40. calves 10.50 to 15.60. Sheep wethers 12.25 to 14.75. lambs 13.00 to 16.60. springs 14.50 to 20.00.
Receipts and quotations show hogs 6 to 10 cents lower with bulk at 15.15 to 16.09. Cattle receipts 2000 with steady to higher trend and items including prime fat steers 13.40 to 13.40 and cows 7.25 to 11.25. Sheep receipts 1000 with a strong market. lambs 16.00 to 20.55 and wethers 13.00 to 16.00.
St Louis market report shows hog receipts with prices across lots from light to heavy and cattle receipts about 2200 with steady demand. Beef steers and cows range from about 4.20 to 13.00, prime and native stock values listed, sheep prices for clipped lambs to spring lambs and cannery products noted.
New Orleans on May 25 reports rough and clean rice firm with demand unchanged at 200d. Receipts totaled 23 205 pockets with sales of clean Honduras 600 pockets and Bive Rose 509 pockets.
Observations taken at 8 am on Friday May 25 1917 by the Weather Bureau meteorologist Allen Buell. Wind velocities under 1 mile per hour and precipitation under .01 inch are not published.
Wheat prices drifted lower in Chicago trading after a brief rally sparked by false rumors of a naval victory. Openings showed declines to 4c lower, then a slight rebound before finishing well below prior close. Corn and oats fell as rural offerings surged, while hog prices weakened the provisions market.
Quotations to cash wheat show No. 2 red at 2.80 dollars, No. 2 hard 2.60, corn No. 2 yellow 1.68 and oats standard around 64 to 65 cents, barley between 1.30 and 1.56 dollars, with May 25 as the date of report.
Quoted cash grain prices include wheat at No 2 hard 2.82 to 2.90 dollars and No 2 red 2.82 to 2.86. Corn shows No 2 mixed 1.61 to 1.62 dollars and No 2 white 1.64 to 1.64. Oats list No 2 white 0.75 to 0.78 dollars and No 2 mixed 0.72 to 0.72.
Grain futures in Kansas City end trading with Wheat May 2.80, July 2.21, September 1.86. Corn May 1.60, July 1.50, September 1.34 to 1.35. Prices reflect close on May 25 with slight percentage figures noted.
On May 25 in St. Louis cash wheat prices stood at No. 2 red 2.98 and No. 2 hard 2.90 to 2.96. Corn quotes showed No. 2 at 1.65 and No. 2 white listed as nominal. oats were nominal.
New York May 25 raw sugar quoted Centrifugal at 5.96, molasses 5.08, refined steady. Fine granulated listed at 7.50.
Futures for No 7 a ect coffee trade in New York on May 25 with quotes for July and September at specified levels. Prices shown indicate a quiet session with little change and some small adjustments across contract months.
New York markets report heavy cotton goods firms with prints and sheetings active. Burlaps and knit goods firm. Woolen goods for government use show activity.
The Cotton Region reports temperatures near or above normal in the west and 4 to 8 degrees below in the east. Light to moderate rain fell in Oklahoma Arkansas Tennessee and northern Alabama Georgia Mississippi and northeast Texas. Mississippi recorded heavy rainfall with Fernanda 1.60 inches and Holly Springs 1.40 inches. Arkansas saw 1.02 inches at Betontonville and 1.00 at Wynne. Allen Bulli, Meteorologist, Weather Bureau.
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