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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 28, 1917
Page
11
The principal spot cotton markets provide daily quotations for middling cotton and price delivery at markets. The listing shows sales amounts in hundreds and thousands with figures like 3-21.05 and 2-21.75, indicating volume and price streams for regional buying and selling activity.
The Cotton Exchange notes a morning rally on bullish foreign and acreage forecasts, but a sharp drop follows. New York closes 28 to 32 points lower than Saturday, New Orleans 19 to 29 points lower, while San Antonio spots reach 20.40.
Bullish private acreage and crop conditions plus favorable Russia and Italy news sparked renewed buying in New York cotton. The market opened steady with July to 21.77 and October to 21.36, then eased 10 to 15 points from the best as selling intensified. Realizing was easy, with mid morning prices slipping to 21.39 for July and 21.07 for December, before rallies of 20 to 25 points around midday. Late afternoon showed nervous, irregular trading amid rising interior receipts interpreted as higher priced cotton being moved.
New York reports steady opening for cotton futures with July at 21.60 and other nearby contracts ranging from 21.36 to 21.55. Prices closed Monday 28 to 32 points lower from the session high.
In New Orleans on May 28 the cotton market opened hesitantly, adding 9 to 12 points from last week as new buying supported gains due to cold weather in the northwest belt. Substantial selling and late liquidation trimmed early advances, with trading months later showing 14 to 22 points under Saturday's close as prices softened toward noon.
Liverpool is slated to open Tuesday with a 6 to 7 point deficit, aiming to rally early in the session and regain momentum. The matchup centers on a steady offense and disciplined defense as the team pursues a comeback.
New York on May 28 reported cotton seed oil quotations for the day with market prices and variations. No further context or figures are provided.
Raw sugar steady with Centrifugal at 5.96 and molasses at 5.08. Refined steady. Cut loaf 9, crushed 8.75, moulds 8, cubes 8.05, powdered 7.70. Eagle five pound bags 8.50, powdered 7.65, fine granulated 7.50, diamond 7.50, confectioners A 7.46, No 1 7.20.
The cotton goods market remains strong in primary circles with government orders boosting demand for heavy goods, print cloths, sheetings, and domestics. Bleached and brown cottons advance, some up to half a cent per yard, while denim and duck lines hold high prices and yarns stay steady.
The Texas Cotton Seed Crushers Association opens a three day convention in Galveston with revision of trade rules as the main agenda. The committee on revision has worked since last Friday as the largest attendance in years gathers for welcome addresses and member registration.
The USDA and Federal Horticultural Board propose extending quarantine to all cotton products from Mexico with the exception of cotton seed oil due to the pink boll worm threat. A public hearing is set for June 4 in Washington at 10 a.m. to allow interested parties to present arguments for or against the measure.
Temperature changes over the Cotton Region were slight with notable drops in western Oklahoma and northwest Texas. Monday brought colder conditions in the west while the east saw excess temperatures. Precipitation occurred in Texas Oklahoma Arkansas the Carolinas and east of the Mississippi with heavy rains in Durant Oklahoma Griffin Monticello and Union Springs Alabama. Forecast calls for seasonal temperatures and generally fair weather with possible local showers Sunday or Monday. Allen Buell meteorologist. Weather Bureau Washington D C May 26 1917.
Luling Texas May 28 Farmers in the area report poor cotton stands as cold unseasonable weather cutworms and lice kill seedlings after repeated replanting. With seed already scarce and high in price growers fear the crop may fail without a warm dry spell to revive growth.
Iron and Steel New York reports mills surge in raw material purchases as demand drives pig iron seranp and alloy uptake. Railroad equipment makers stay active in pig metal market. Central west steel firms, led by Ohio, buy 40,000 tons of basic iron for shipment in early next year as capacity remains tight.
United States Department of Agriculture weather bulletin records morning observations dated Monday May 28 1917. Meteorologist Allen Buelis notes wind speeds under ten miles per hour and precipitation under .01 inch are not published.
Chicago grain markets opened mixed with corn slumping on forecasts of a record yield. Prices fell several cents then rallied before dipping again. July corn traded near 1.41 a bushel after peaking earlier at 1.47. Wheat showed modest activity amid crop optimism and reduced British demand. Oats followed the grain weakness while provisions moved with corn.
Chicago May 28 quotations show wheat prices with July at 207 to 210 and Sept at 183 to 186, corn at No 2 yellow around 1.59 to 1.64, oats standard at 63, barley at 1.50 to 1.55. Market notes list daily highs lows and closes for each grain.
Monday changes show large springs at 26 28 cents per pound and small springs at 30 cents. Texas tomatoes 1 to 1.26 per 4 basket crate. okra 1.25 per 1 3 bushel box. cabbage 8 and 4 per hundredweight. celery 75 cents to 1. lettuce 2.50 2.75 per crate. Wheat shorts 2.25 2.30 per hundredweight. Northern white and mixed corn No 3 1.85 bushel job lots 1.80 car lots. No wholesale changes in provisions or seeds.
Shippers' market shows steady fees with Monday prices to retailers or shippers. Texas country candle outputs listed at 30 13s per dozen. butter remains steady with Texas creamery 32 35¢ per pound and country 25 38¢. Poultry trends lower with hens at 16 17¢ per pound, large springs 26 28¢, mids 28 30¢, small 30¢, broilers 3.25 3.60 per dozen. turkeys 18 1¢ per pound, ducks 7.00 8.06 per dozen, geese 9.06 10.60.
Quotations to cash wheat show No. 2 hard at 2.70 to 2.80 dollars and No. bred at 2.68 to 2.76. Corn lists No. 2 mixed at 1.53 to 1.64 and No. 2 white at 1.53 to 1.64. Oats reflect No. 2 white at 0.70 to 0.69 and No. mixed at 0.69 to 0.70.
Kansas City reports grain futures closing today with Wheat May at 2.68, July 2.10, September 1.82 and Corn May at 1.521, July 1.414 percent, September 1.26 percent.
Quotations show butter and eggs rising with creamery at 37 1 43 cents for firsts and 34 34 cents for ordinary firsts. Potatoes unsettled with mixed receipts from Texas Alabama Louisiana Florida. Old receipts list Idaho Colorado Oregon Washington 3.19 3.30 and Wisconsin Michigan 2.90 3.00. Poultry alive higher with fowls up 20 cents.
Butter creamery 44c firsts 42c seconds 40c packing 33c. Eyes firsts 33% oc. Poultry hens 17c roosters 15c turkeys 22c broilers 30c. Potatoes old 3.10 new 3.10 3.15.
Cash grain prices listed for St Louis with No 2 red and No 2 hard wheat quoted nominally and corn at 1.60 per bushel for No 2. Oats are noted as steady nominal.
Lead firm at 11 1/2 percent, spelter quiet, spot East St Louis delivery at 9 1/2 percent. Copper electrolytic steady with spot and second quarter at 31.00 to 33.00, third quarter and later 28.00 to 31.00. Iron firm with No 1 northern 45.00 to 46.00, No 2 44.50 to 45.50, No 1 southern 42.00 to 44.00, No 2 41.00 to 48.00. Tin quiet at 64.75 to 65.25.
Fifty hotel clerks from across Texas gathered in Dallas for a two day session led by President James K. Moore. Mayor Lawther welcomed the group, noting clerks are a city's first welcome and strongest asset to shape visitors' impressions.
Local packing house quotations to dealers Monday list dry salt extras 24 per cent bacon extras 26 per cent dry salt bellies 14 16 pound average fancy breakfast bacon 40 per cent fancy hams all bacon bellies 14 16 pound average Pure lard 24 per cent compound 19 American cheese 29 per cent per pound.
Trading in Mexican money in San Antonio Monday showed bid and asked quotations. Pesos ranged from 53 to 59, with state bank notes at 8.15 and National Bank notes at 15. Bank of London and Mexico offered 10 as bid, while asked prices varied around 54 to 61.
Union Stock Yards May 28 report shows hogs 5 cents lower at most centers except St Louis where up 5. Cattle weaken 10 to 24 cents at Fort Worth, sheep nearly steady. Local market active with cattle prices up slightly hogs about steady. best cows 6.00 to 7.50, steers 7.50 to 9.00, hogs 13 to 15, small hogs 12.50 to 19.00. San Antonio receipts: cattle 854 calves 70 horses 36 hogs 48 goats 269. city trade 667 cattle 62 calves 48 hogs.
Cattle receipts reach 10000 with prices 6.00 to 12.00 for beeves and up to 13.50 for calves. Hogs receipts 4000 with heavy grade near 15.6 to 16.6 and pigs 8.50 to 11.75. Sheep receipts 10000 with steady market. lambs 16.90 to 18.00, yearlings 14.00, ewes 12.00 to 18.06, goats 7.50 to 10.75.
Chicago on May 28 reports receipts for hogs at 38 000 with a slow market and lower quotes. Hog prices range from 15.30 to 16.60 for various grades. Cattle receipts reach 20 000 with a weak market. native beef cattle 9.40 to 13.60. stockers 7.35 to 10.25. cows and heifers 6.50 to 11.35. calves 10.60 to 15.00. wethers 12. 2 to 14.75. lambs 13.00 to 17.25. springs 14.50 to 21.00.
Kansas City on May 28 reports hog receipts at 9000 with prices down. bulk cash $16.50 to $16.90, heavies $15.85 to $16.00, lights $14.90 to $15.55, pigs around $7,654. Cattle receipts 14,000 with steady to 10¢ lower trade. prime fed steers $12.76 to $13.35, dressed $10.25 to $13.50, southern steers $18.50 to $13.75, cows $7.75 to $11.25, heifers $9.00 to $12.50, stockers $8.00 to $10.75, calves $9.00 to $14.00. Sheep receipts 8000 with market steady to 10¢ lower. lambs $16.00 to $29.50, yearlings $14.00 to $17.50, wethers $13.00 to $16.00, ewes $12.00 to $15.50, stockers $8.00 to $17.00.
On May 28 in St Louis receipts totaled 8500 hogs and 7800 cattle and 5000 sheep. Hog prices ranged from 15.65 to 19.99 for various grades, cattle values showed declines for certain classes with beef steers from 7.00 to 11.50 and cows from 4.26 to 9.00, while sheep and lambs held steady with lambs between 14.00 and 20.00 and ewes 9.50 to 14.00.
Texas ranchers led by D C Lasater of Falfurrias and T W Tomlinson of the American National Live Stock Association urged the Interstate Commerce Commission to reject a proposed 15 percent freight rate hike. They argued poor range and weather have reduced profits and higher rates would worsen losses and deter new entrants. Ike T. Pryor of San Antonio leads the association.
Time loans firm quotes 60 days at 14.8 percent, 0 days at 4 percent, six months at 7 percent with rising and closing bids. The high to low range sits around 3 to 2 percent, last loan 2 percent, closing bid 2 and a quarter percent, offered at 2 percent.
A Oaxaca state delegation representing thousands of Zerrano Indians arrived in Mexico City to seek surrender terms. General Venustiano Carranza said only unconditional surrender would be discussed.
May 28 report shows Sterling sixty day bills at 4 7 7, commercial 60 day bills 4 7 1 2 percent, demand 4 7 5 9 16, cables for Sterling. Guilders demand 4 1 3 1 4, cables 4 1 5 1 6. Bar silver 74 1 2 cents per ounce. Mexican dollars at 8 1 2 percent. Government bonds steady. railroad bonds irregular.
Shippers of grain and livestock appeared before the Interstate Commerce Commission on May 28 to cross examine railroad officials seeking a 15 percent increase in freight rates.
In the London Opinion, a feature on wartime marriages and proposals outlines couples forging ahead amid conflict. Personal stories reveal resilience, hope, and plans for a future together despite the war.
The 2W New York market shows steady activity with No 7 futures and quiet bids on May 28. Prompt bids reflect stable demand while July and September maturities show limited movement amid awaiting further guidance.
The New York stock market opened with bullish zeal and closed irregular after a day of uneven moves. United States Steel hit 135, gains popped in Crucible Steel Maxwell Studebaker GM Texas Company Mexican Petroleum and others while rails and sugars led notable strength and most of the list ended under pressure in the final hour.
Sir Francis Fox told the Royal Geographical Society a Channel tunnel could carry trains between London and Paris every five to ten minutes and cut travel to under six hours. He envisioned two eighteen foot tubes, 160 to 180 feet deep, with 100 feet chalk cover and electric pumping from Kent. A waterlock would seal the tunnel in emergencies under Dover Castle gunfire protection.
A woman enters a downtown cigar store and defies the clerk by choosing to buy a pipe for her husband rather than cigars. She describes him as about 42, five feet nine, stout with dark hair and mustache, challenging shop traditions.
A playful dialogue presents a man’s wife as attentive and polite to his guidance. Another remark notes a gathering that sent out many invitations yet barely covered costs. The exchange showcases light humor on social expectations and expenses.
A Brooklyn Zen quip shifts a gorge to a ravine to avoid the eating pun. The exchange notes daily excursions and a playful misinterpretation of landscape terms.
Governor Ferguson signed a comprehensive appropriations bill for eleemosynary institutions. The summary lists 1918 and 1919 allocations for the State Orphans’ Home, Confederate and Confederate Woman’s Homes, Epileptic Colony, Deaf Dumb and Blind for Colored Youths, Juvenile Training School, Girls’ Training School, tuberculosis sanatorium, insane asylums, and other state facilities with totals of 1918 and 1919 funds and notes about unaffected educational institutions.
Fresh vegetables and fruits wholesale to retailers with Texas and California items. Prices include potatoes onions cucumbers tomatoes okra beets carrots radishes celery lettuce squash corn beans spinach rhubarb berries apples cherries pineapples bananas oranges grapes lemons limes and dried fruits with per unit rates and crates or boxes.
In the Court of Criminal Appeals an appeal has been filed for Joe Howes serving ten years for murder and Mack Hammonds serving nine years for murder, both Bowie county cases set for June 13. An appeal was also filed for E. J. Jackson of Bexar county on a pistol charge with a $100 fine and 30 days jail.
The new male chorus under the San Antonio Rotary Club will rehearse at 8 o clock Monday evening in the Sunday school room of the Travis Park Methodist Church.
A brief Louisville Court Journal item records a thief who appears weak in a minor incident while an elder warns to slow down, hinting at caution in a local public scene.
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