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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 29, 1918
Page
13
Covering and trade buying pushed cotton futures up about $3.50 a bale as the market steadied on trade conditions. New York and New Orleans quotations climbed 12 to 22 points early, with spots firm later in the day amid higher regional prices and a New Orleans loss affecting the market.
Early selling eased as buyers absorbed offerings and prices firmed. July traded around 24.70 to 25.10 cents, October near 23.430 to 23. due, with months showing gains as weather reports and export hopes supported buying. New Orleans and Liverpool showed buying interest while covering intensified on firmer spot markets.
In New Orleans on May 18 cotton futures rose as buying intensified after a steady start. Short covering pushed prices 12 to 85 points above yesterday’s close, aided by favorable weather and solid demand. Gourdin Smith & Co. failure to meet obligations was noted but did not derail the upmove.
Liverpool May 23 spot cotton calm with prices for good and middling figures. Receipts total 2000 bales all American. Futures closed quiet with May 21.004 and June 21.060, July 20.460, August 19.84, and old contracts around 19.92 to 19.74.
An Irish Times editorial notes postwar price rises in pianos, driven by scarce imports from Germany Belgium and France and high British wages. It observes rising demand, auction crowds in London, and a shift toward home made articles as luxury spending increases. The piece contains garbled lines about Kaiser and Washington Star.
The report shows receipts at ports including Bates Balvestom Tex and others with stock figures. United States exports to Great Britain and other destinations. by August movements and totals. A cotton market holiday is planned Thursday May 0 with expected Wall Street suspension pending notice.
A detailed wholesale price sheet lists fresh vegetables and fruits with grades and unit costs. Items include Texas Bermudas onions at $1.25 for No. 1, green onions 46 cents per dozen, California potatoes $1.75 per hundredweight, oranges at $7.00 per box, bananas $6.00 per hundredweight, and numerous canned goods, grains, and dried fruits with varied pricing. Entires name Texas California and Mexican sources, with multiple crate and basket measures and per-pound rates.
Feed prices from the marketing bureau in Fort Worth show No. 3 milled corn at 1.75 per bulk and No. 2 white corn among other grains while alfalfa from Oklahoma is listed. Weather reports cover multiple Texas stations with cloudy to clear skies and temperatures, noting rain in parts of the cotton belt and favorable conditions for fieldwork and cotton development. Allen Bueli, Meteorologist, Weather Bureau.
The market opened lower with futures slipping to fresh seasonal lows as traders cited warm weather and crop progress as supportive factors. July and June contracts fluctuated with short covering followed by renewed selling, while prices in Kansas City and St Louis showed mixed, weak to modest gains and the holiday trading outlook extended through Decoration Day.
New York sugar markets show steady tone on May 24 as centrifugal refined sugar trades around 7.4 cents per pound. Market notes indicate stable pricing with minor fluctuations as traders await guidance.
Wholesale potato prices hold at 1.75 per hundredweight and 1.15 per bushel hamper while tomatoes sell in third bushel baskets at 2.25 per basket. Cucumbers drop to 1.75 per bushel and 1.25 per two-thirds bushel. green beans fetch 2.50 to 2.75 per bushel. Green corn remains 0.40 per dozen ears. Blackberries range 1.75 to 3.00, cantaloupe 1.40 to 2.20 per crate. New earth price 0.10 per pound. Other commodities steady or unchanged.
Shipper's price quotes show slight steadying in butter and poultry across several markets. Texas and Midwest regions report creamery butter at around 41 to 4 1/2 cents per pound with steady poultry demand. potatoes rise modestly with fresh receipts noted in Wisconsin Michigan and Minnesota. Kansas City notes creameries at 39 to 40 cents and assorted poultry and potato quotes with varied weights and marks.
Fragmentary OCR note lists prices and items at local markets including breakfast meats lard margarine and various percentages. Mentions averages and quoted items with unclear quantities and strange terms.
New York stocks opened high on May 29 but soon slipped as United States Steel Midvale Baldwin Locomotive and oil and rail shares weakened. Utilities and industrials fell with Liberty bonds dropping to new lows and overall prices easing through the session amid cautious profits and mixed war news.
May 29 reports from New York and London indicate mixed metal quotes with steel and copper futures firming. Spot and futures prices vary across metals, while textile and wool movements hint at broader commodity activity in domestic markets.
Fort Worth hogs quote declines of 25 to 35 cents with slow demand in primary markets. Chicago and Kansas City show 2 to 4 tenths drop. cattle steady, sheep strong in northern markets. Local yard trading dull with feeder hogs in demand and prices about Tuesday levels.
Wholesale prices from the San Antonio trade show a split in figures as buyers push for higher rates while a few shippers bid lower. Porpoise, barracuda, tuna and red snapper are listed by weight with heads on for large fish and head removed for others. Retail prices include crab at 75 cents a dozen and frog legs at around $1.60 per dozen.
San Marco fish hatchery head Riley rode back from the Rio Grande valley urging Washington fisheries to boost cooperation with local sellers to expand fish varieties and promote preservation. In New Orleans on May 29 rough and clean rice quotes appeared with miscellaneous shipment terms and numbers among commodity notes.
Market activity was subdued in Mexican money at San Ate tonlo with offers for pesos and bank notes steady. In New York early totals showed bankers dealing in four and six month papers and government bonds with rates around four percent and assorted cable transfers and discounts noted.
The director general of food production reports UK tips in good condition with an average yield likely. Total grain area for 1917-18 exceeds 4,000,000 acres, led by wheat, barley and oats, and potato acreage at a peak since 1872. If seed, light bread, and portions of crops are reserved, wheat and barley could supply bread flour to meet a week's national demand.
The Court of Criminal Appeals in Austin issued multiple dispositions including affirmations, reversals and remands. Judges Prendergast dissented on several items. Additional Fourth Court of Civil Appeals rulings covered six cases with various outcomes. A military note mentions Corporal Irwin White, 13, claimed as the youngest listed man in the American army at 18.
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