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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 29, 1917
Page
13
The Cotton Exchange reported a large morning loss from weak cables favorable weather and profit taking for the holiday. Prices recovered with all months ending higher. New York closed steady 17 to 21 points up, New Orleans 3 to 14 points higher, while San Antonio spots were 2.60.
New York cotton opened with renewed liquidation and first prices 10 to 17 points lower. July and October fell to 21.10 and 20.67 as bulls faded and profit taking rose ahead of a holiday. Private crop reports suggested reduced yields but failed to spur fresh buying.
In New Orleans on May 29 weak cable news and more favorable belt weather spurred moderately heavy cotton selling. Early trading months dropped 23 to 26 points, with prices drifting 24.25 to 25.75 cents and later easing 12 to 14 points by noon. Activity thinned as the holiday approached.
A real buyer is ready to purchase a cottage on Tobin Hill or Laurel Heights. The seller should list with G. H. Hagelstein Realty. contact Mr Coleman at Crockett 606 for arrangements.
Real estate notice offers 20 acres of land north of the city with a grocery, beer saloon, waterworks plant, blacksmith shop, tarn, garage and seven-room house. Property listed by Louis Krause on McCullough Avenue. For sale or trade or rent.
Seventeen acres conveyed fresh irrigation reposition level and in cultivation with good road access offered at 125 dollars per acre. Also listed eighti acres farm with crop stock and mules for 3000 dollars cash with balanced yearly payments. Must sell this week.
A message requests a two to one passenger car arrangement for a Leon Springs run. The proposer asks the recipient to furnish the car and to share driving duties on a fifty fifty basis, using address A556 Light.
Liverpool May 29 spot cotton in fair demand with good middling 14 26d and middling 14 10d. Low middling 12 85. Total sales include 7200 American. Speculation and export sales 800. Receipts 4000 bales, including 3900 American.
Futures closed irregular in London markets with May 13.65d, May-June 13.474, July-August 13.30d, September-October 12.89, December-January 12.53d, February-March 11-12.44d, and April-May 12.33d.
Liverpool is due to open on Wednesday with a 14 point lead, signaling a ahead-of-schedule start and poised performance. The announcement notes a strong position as the season progresses.
Stock figures show yesterday 859,203 bales, down from 917,932 last week. Compared with the same day last year 1,077,774 bales. Season total stands at 218,571 bales.
Tuesday evening forecast for San Antonio and vicinity reports partly cloudy skies. Texas outlook notes warmer conditions in the north portion except the extreme west with Wednesday continuing partly cloudy conditions.
Wheat prices showed strength on the day driven by upturns in coarse grain values but opened mixed on a bearish Missouri crop estimate. July and September futures fluctuated with a late decline leaving Chicago prices little net change as shorts rushed to cover and dealers shifted to selling after supply tightened.
The report lists wholesale price changes on Tuesday with Texas Bermuda at 1.75 per crate and sugar down to 9.50 per hundredweight. It notes beet sugar has disappeared and sardines rose to 3 with keys. Several dry sale extras and bacon items also fell, while eggs butter poultry seeds grain and mill products remained unchanged.
The bulletin notes rainfall and temperature changes in the Cotton Region States for the 24 hours to 8 a m. Temperatures rose in the west and cooled in the east with a four to six degree deficiency elsewhere except the far west and gulf coast where readings are near normal. Light precipitation appeared in the Carolinas Georgia and scattered Alabama Tennessee with heavy rains in Georgia and North Carolina. Meteorologist Weather Bureau.
May 2 report shows cattle weak with 25 cent drops at Fort Worth while hog prices fall 10 to 30 cents across centers and sheep decline 25 cents at Fort Worth and Kansas City. Local market remains steady with one standout sale of four carloads averaging 10380 pounds at 10 cents. Receipts listed for San Antonio yards include cattle 655 calves 40 hogs 70 goats 4.
Local packing house quotes list dry salt extras at 24 cents and bacon extras at 26 cents. Dry salt bellies 14-16 pound average 25 cents, fancy breakfast bacon 40 cents, fancy hams and bacon bellies 14-16 pound average. Pure lard at the compound 19 cents, American cheese 2.98 dollars per pound.
Fort Worth market notes May 29 showing cattle receipts 5500 with mixed ranges from Reeves at 7.50 to 11.50 for stockers and cows 5.00 to 8.30. Hogs receipts 1200 with heavy 15.35 to 15.45 and lighter categories 15.25 to 15.35. Sheep receipts 2000 with lambs 16.00 to 17.00 and ewes 11.00 to 90. Goats traded at 5.50.
Chicago market notes show wheat prices for No 22 red and No 2 hard, corn No 2 yellow at 1.57, oats and barley around 1.20 to 1.5 in a day’s quotations.
Shippers report Tuesday price moves to retailers or paid shippers with commissions. Eggs steady with Texas country candled at 30 31c per dozen. Butter steady. Creamery tests 32 35c per pound, country 25 30c. Poultry steady with hens 16 17c per pound, dropsters 11 12c, large springs 26 28c, medium springs 28 80c, small springs 3c, broilers 3.25 3.60 per dozen, turkeys 18 19c per pound, ducks 7.00 8.00 per dozen, geese 9.06 10.60.
Chicago on May 29 reports hog receipts 13 000 with a slow market and mixed prices from 10 to 15 75. cattle receipts 3 000 with a slow market native beef 9 40 13 75 and calves 10 00 14 50. sheep receipts 7 000 with a weak market wethers 12 00 14 25 lambs 12 75 16 50 springs 14 50 18 00.
Chicago on May 29 reports butter prices at 42 cents for creamery 37 percent, higher eye on receipts at 41 434 cases. Firsts 34 34 1 2 cents, ordinary firsts 30 to 34 cents. New receipts 60 ears, Texas Alabama Louisiana Florida prices listed for corn and barrels. Old receipts from Idaho Colorado Oregon Washington at 3.10 to 3.30, Wisconsin Michigan 2.99 to 3.00. Poultry alive weaker with fowls at 18 1 2 cents.
Quotations today show wheat at No 2 hard 2 70 to 2 77 No 3 red 2 58 to 2 59 Corn at No 2 1 53 to 1 53% No 3 1 52 to 1 53 Dets No 1 69 69 3 No 2 mixed 68 69%
In Savannah on May 29 a turpentine firm shows sales 41% 42 with 555 receipts 317 shipments and stock 10551 while a resin firm reports sales 796 receipts 631 shipments 1580 stock 67139 Notations include prices from 5.85 to 6.10 with letters A B C D BP G H I K M N W W and W.
Kansas City grain futures closed with mixed results. Heat May traded at $2.67, July at $2.105, September at $1.80. Coin May $1.50, July $1.38, September $1.23.
Rough and clean rice prices strengthen as receipts rise. Rough Honduras quoted $6.00 to $7.15, Japan $5.50 to $7.25, Blue Rose $5.00 to $7.75. Clean Honduras $6.00 to $8.00, Japan $6.00 to $7.50, Blue Rose $0.80 per unit, Salleh per ton $47 to $650, bran $38.00 to $34.30.
U S Department of Agriculture Weather Bulletin notes observations at 7 with wind under 10 mph and less than .01 inch precipitation not published. Allen Bitrell, meteorologist, Weather Bureau.
Quotations show eggs at 33 1/3 cents, firsts 42 cents, seconds 44 cents. Poultry ranges listed hens 17 cents, roosters 15 cents, turkeys 22 to 30 cents. Potatoes at 8.10 dollars for old and 3.10 to 3.15 dollars for new.
Quotations were compiled for May 29 in St Louis. Cash wheat prices listed No 2 red No 2 hard at 2.80 and No 2 at 1.58 to 1.59. No 2 white oats and No 2 white price quoted nominal.
The visible grain supply in the United States shows declines for Wheat by 3 693 990 bushels, Corn by 1 107 009 bushels, Oats by 3 100 000 bushels, Rye by 597 000 bushels, and Barley by 355 009 bushels as of the report date.
Chicago May 29 butter prices reached 43 cents a pound on the Chicago Butter and Egg Board the highest for this season in large wholesale lots.
Kansas City stockyards report receipts for hogs cattle and sheep with prices and changes. Hogs receipts 15,000 market 10 to 20 cents lower. bulk 14 800 15 with heavy 15 60 15 70. cattle receipts 12,000 with steady to 10 cents lower. prime fed steers 12 65 13 80. dressed beef steers 10 25 12 50. cows 7 00 11 25. calves 9 00. sheep receipts 5000 market 25 cents lower. lambs 15 00 19 50.
St Louis market report shows hog receipts around 10 000 with varied prices and lighter demand across hog classes. Cattle receipts near 6 200 with slow steady trade and ranges for native beef steers cows and stockers plus special notes on Texas quarantine and prime beef cattle. Lambs and sheep trends included with spring lambs and clipped ewes prices given amid overall steady demand.
Contracts awarded for twenty merchant cargo steamers of about 3500 tons each to be built at Moss Point Mississippi for government use. Warren Johnson, district director for the Emergency Fleet Corporation, announced the plan. The ships will feature steel frames with wood construction on the remainder.
F. A. Brown of Hondo says Mexican workers refused a two dollar per day cotton chopping wage and are moving toward the border, fearing imminent conscription after June 5. Secretary Carrington and Col. Chapa met Mexican consul general Beltran in San Antonio and discussed central and south Texas labor trends with aim to halt the exodus.
New York March 29 Raw sugar cent per cent centrifugal 5.96 molasses 5.08 fine granulated 7.50 steady market tone unchanged across grades.
Bleached cottons gained one half to three quarters of a cent per yard in several houses Monday. Demand remained active for brown goods and print cloth yarn construction while the retail trade stayed quiet. Yarns held firm and burlaps advanced. Dress goods for spring delivery were in request from selling agents.
The Agricultural Society of France reports cattle on the hoof cost five centimes per pound less this year despite higher retail prices. They fund experiments to track beef from stock farm to butcher shop to identify intermediary costs and establish a fair retail price. Government officials will allow the experiments in Paris and surrounding areas.
Chicago report notes railroads earned a $79,000,000 traffic gain in Q1 1917, but profits dropped by $26,000,000 versus the same period last year, as released by Railway News and Statistics.
Galveston May 29. The Texas Cotton Seed Crushers Association broadened its scope by trade rule changes adopted in the convention session to include peanut and other vegetable oil producers. Reports from standing and special committees filled the remainder of the day.
New York May 29 coffee market shows No 7 Rio at 10 percent steady. July and September futures quoted around 8.26 with minor shifts. Prices reflect light trading as traders watch global markets.
A note from a New York Times fragment depicts a mother confronting her crying child Charlie after Louis slapped him in a Washington nursery. The mother questions why he did not strike back, reflecting a parenting moment embedded in a broader domestic scene.
New York dealers reported mixed early action with United States Steel selling 16 000 shares at 132 131 2 and dipping to 130 while Ohio Gas Industrial Alcohol General Motors Mexican Petroleum and several metals fell one to two points Rails remained steady or firm. By late morning rails weakened then industrials and specialties rose with a notable ½ point gain for General Chemical as the market rallied to best prices before a strong close.
Trading in Mexican money in San An on Tuesday showed bids and asks for various notes and coins. The record lists half peso values and banknote denominations from Silver POBOB to Bank of London and Mex with figures scattered in the OCR text.
New York on May 29 reports time loans eased with 60 day terms offered at 4 percent and 4 percent on 90 day calls. The ruling rate sits around 3 percent with last loans bid at 2 percent and offered at 3 percent.
New York financial brief notes Mercantile paper at 56, sterling 60 day bills 472 and 471 for various drafts, demand 475 9-16. Cables Guilders demand 41 and cables 41. Bar silver 74 1/4 cents. Mexican dollars 68 1/2. Government bonds weak, railroad bonds irregular.
In Washington on May 29 the Interstate Commerce Commission hearings continued with lumber and fruit interests from the South arguing against the proposed 15 percent general railroad freight rate hike.
Lead strong with spot prices, spelt as 1 Spelter dull, East St. Louis delivery 9.14 to 9.50. Copper firm with spot, Coke and alloy blends quoted around 28.25. Iron and steel grades listed with No. 1 and No. 2 lager prices. Tin steady around 64.50 to 65.00.
London market report lists spot and futures values for several commodities. Lead shows spot 30 pounds 10 shillings and futures 29 pounds 10 shillings. Other metals include zinc and electrolytic with spots around 263 pounds 10 shillings and futures 251 pounds 10 shillings. additional items show spot 54 pounds and futures 50 pounds upper, pot 130 pounds and futures 124 pounds 10 shillings, electrolytic 142 pounds.
A market list shows wholesale fresh vegetables with Texas origins and prices for potatoes onions tomatoes okra peppers beets carrots celery turnips squash corn beans spinach rhubarb and other items. Quotes include per dozen, per bushel, per crate, and per pound rates to retailers and shippers.
A long list of wholesale prices for fruits vegetables dried goods and related commodities. Items include apricots cherries apples and pineapples with per crate or per pound rates. canned goods canned meats and fish. coffee sugar rice and syrups. grains and seeds. nuts and hides. Notes mention a potential war tax adding one cent per pound.
The USDA notes chicken fat from poultry organs is highly prized in French pastry, fetching up to 1.10 per pound in cities. It should be kept cool, used quickly, and can replace other fats in cakes and frying while imparting minimal flavor when masked by spices.
A near sighted man pursues a hat blown over a stone wall. He misreads the scene as the hat eludes him yet again. A bystander woman corrects him saying the object is not the hat but their little black hen under the wall.
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