Realizing and Short Selling Drive Market Reversal
In early trading on the New York Stock Exchange the market showed gains on the European situation but turned to declines as short selling picked up. Texas Company gained 3 points while Canadian Pacific lagged. Union Pacific fluctuated and overall dullness persisted before a late-day rally failed to hold.
MENTIONED IN THIS ARTICLE
New York
Ock Exchange
Union Pacific
Steel
Amalgamated
Smeling
American Tobacco
Amerian
Texas Company
Canadian Pacific
Delaware
Ckawanna & Western
Nen Pacific
Great Northern
Tecl
Southern Pacific
Baltimore Ohio
Atlantic Coast Line
Middle West
Weather Bulletin for Cotton Belt August 7, 1913
The 24 hour outlook ends at 8 a.m. 75th meridian time with fair weather in the cotton region. Temperatures run above normal and rainfall at Gainesville, Florida, totals 1.10 inches. Allen Buell is the local forecaster for the Weather Bureau.
MENTIONED IN THIS ARTICLE
Belt
Gainesville
Fla
Allen Buell
Weather Bureau
Commodity and financial data from New York August reports
Copper futures and prices for spot and contracts ranged from 14.50 to 15.75 dollars with various months and grades noted. Lead, spelter, and tin showed firm or steady quotes along with money on call, time loans, and percentages. Raw sugar, petroleum, hides, and leather prices also listed with general firmness in the market.
MENTIONED IN THIS ARTICLE
New York
Lake
Cookson's
London
Spelter
Observations Taken at 8 A M August 7 1913
The brief note records observations made at 8 a m on Thursday August 7 1913. It lists time and date and identifies the observation context for the historical report. The text provides no further detail beyond the timestamp.
MENTIONED IN THIS ARTICLE
Thursay
Cotton Seed Prices Jump in Cuero War
In Cuero Texas on August 7 the cotton seed market surged with prices rising from 20 to 30 dollars per ton over two days. Local receipts picked up as about 226 bales were sold yesterday and Cuero projects exceeding 1000 bales by week’s end as the seed war heats up.
MENTIONED IN THIS ARTICLE
Cuebro
Tex
Cuero
Cotton seed product prices posted for Memphis region
Cotton seed products in Memphis on Aug 7 include prime basis oil at 8 cents per unit, meal priced at 31.60 to 32.00 dollars per long ton, and linters at 2 1/2 percent per pound at 38 cents.
MENTIONED IN THIS ARTICLE
Memphis
Tenn
Cotton seed oil market closes weak on varied New York bids
In New York on August 7 the cotton seed oil market closed weak with spot prices at 9.18 to 9.50. Traders noted numerous transactions across contracts from September to February, including 12 600 total barrels sold, with values ranging from 9.15 for September to 6.70 for March.
MENTIONED IN THIS ARTICLE
New York
Maritime Arrivals and Departures Galveston and New York
Galveston reports arrivals of Earl of Forfar Barry Glenmoor Philadelphia Mount Vernon Barrios and departures of Topila Tampico Con cho. New York lists arrivals of Majesty Southampton Prinzess Irene Naples Roma and Marseilles with no further details.
MENTIONED IN THIS ARTICLE
Galveston
Tex
Earl of Forfar
Barry
Glenmoor
Philadelphia
Mount Vernon
Barrios
Topila
Tampico
Concho
New York
Majestic
Southampton
Prinzess Irene
Naples
Roma
Marseilles
Chicago crib notes for St Louis market prices
St Louis bids show cash wheat and futures for several grades with No 2 hard wheat at 85 cents and 86 percent. Corn values posted No 2 at 73 to 74 cents, with September futures at 72 cents and May at 69. Oats quoted No 2 around 41 to 47 cents. Lead at 4.87 cents and spelter at 5.50 dollars per hundredweight.
MENTIONED IN THIS ARTICLE
ST. Louis
Chicago Market Report Butter Eggs and Poultry Prices
Chicago on May 7 reports butter unchanged egg receipts 8317 cases market steady. Potatoes receipts five dollar cars and market steady. Poultry prices show live fowls 13 to 16 cents, springs 16 cents, turkeys 19 cents.
MENTIONED IN THIS ARTICLE
Chicago
Local Market Report for Poultry and Dairy Prices
ST. LOUIS Mo Aug 7 Poultry prices listed for chicks springs turkeys geese ducks at 11 15 18 and 10 12 ½ cents per lb Butter Creamery at 26 4 cents Eggs licensed value noted.
MENTIONED IN THIS ARTICLE
ST. Louis
New York Coffee Market Briefs Aug 7 Esgs firm No 7 Rio steady
New York reports show coffee prices with No 7 Rio at 91 1/8 cents per pound and futures for September at 68 to 69 cents with March 9 21. A steady tone for the market is noted as traders weigh supplies and demand.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Rio
Market notes on commodities and textile yarns
Butter eggs and poultry unchanged in Kansas City. New York reports dry goods softer on late delivery due to easier raw cotton prices. Worsted knitting yarns in light demand amid knitters strike in Greater New York. Cotton yarns quiet while burlaps hold firm at high prices.
MENTIONED IN THIS ARTICLE
New York
Fruit trade in Los Angeles and San Antonio markets strong
Produce trade is brisk with daily California fruit arrivals. Malaga grapes from California sell wholesale for 2.50 per lug box at the Pruitt company, the first straight California grape car in San Antonio this season. Foster Brothers received mixed California fruit including plums pears peaches and some grapes. Potatoes may rise 10 to 15 cents per hundredweight by week’s end. New York advices say lemon prices are on the upgrade with a possible $1 per box rise locally. An area dealer notes country eggs and chickens are limited as farm families are busy in cotton fields, delaying town arrivals and risking spoilage.
MENTIONED IN THIS ARTICLE
California
Pruitt Company
San Antonio
Foster Brothers Company
New York
Markets Glimpse Wide Price List for Eggs to Lemons and Beans
A long price sheet lists fresh eggs at 11c per dozen, poultry at 11.5c to 18c per pound, and cheeses and butters per pound. Vegetables include tomatoes at 75c to 1 for 4, onions at 1 per crate, and melons at 1.25 per standard crate. Various fruits, dried goods, nuts, and canned meats follow with numerous per-unit cases and weights.
MENTIONED IN THIS ARTICLE
Texas
Best
California
Colorado
Alaska
London
Corn Opens Lower on Rain in North Then Rebounds
Chicago market notes show corn dropping on North U.S. rain reports then rallying. Wheat slipped marginally with general selling following corn. September corn opened down and closed with a small gain, while wheat finished lower on spring crop estimates. Oats stayed steady. Provisions moved with corn signals.
MENTIONED IN THIS ARTICLE
North
Chicago
Illinois
Wheat and corn price quotations from Chicago market
Quotations reported for cash wheat with various grades and points, including No 2 red at 86½ cents, No 1 Hg new at 87 87½ cents, No 2 hard 86 ½ cents, No 1 southern 91½ 92 cents, No 2 northern 90 91 cents, velvet chaff 87 81 cents, durum 84 cents. Corn values show No 2 at 70½ 71¼ cents, No 2 white 71 71½ cents, No 2 yellow 70½ 71 cents. Oats quoted: No 2 white 42 cents, standard new 41¼ 42 cents, standard old 41¼ cents.
MENTIONED IN THIS ARTICLE
Chicago
Market prices for wheat corn and oats in Kansas City
Kansas City quotes show No 2 hard wheat at 85 cents for August with 814%4 and No 2 red at 83 cents. Corn No 2 mixed 75 cents and No 2 white 7Tc. Oats No 2 white 43 cents and No 2 mixed 42 cents. Wheat September 81 cents and December 85 cents. Corn September 74 cents and December 68 cents.
MENTIONED IN THIS ARTICLE
Kansas City
Sugar Prices Rise and Mining Closing Reports
Poston Massachusetts notes closing mining values for Arizona Commercial 2 percent Calumet and Arizona 64 Greene Cananea 6 percent North Butte 28. New York sugar futures climb 10 cents per hundred pounds across all refined grades in a New York market update dated August 7.
MENTIONED IN THIS ARTICLE
Poston
Mass
Arizona Commercial
Calumet and
Arizona
Greene Cananea
North Butte
New York
San Antonio Pens Bare at Union Stock Yards
Very light receipts at Union Stock Yards Aug 7 include 6 cattle 3 calves and 21 hogs. Trade slow with prices steady and top values listed: beef cows 4.50 to 5.50 per cwt calves 5.50 to 6.50 and hogs 8.50. Northern markets largely unchanged. Chicago reports strong cattle with beeves up to 9.10. Kansas City Chicago and St Louis markets steady overall.
MENTIONED IN THIS ARTICLE
Union Stock Yards
Chicago
Kansas City
St. Louis
Fort Worth Cattle Receipts and Prices Tue Aug 7
Fort Worth stockyards report receipts of about 3500 cattle 1000 calves with beef steers in better demand at 5.65 to 6.65. Stockers unchanged and butcher cows 4 to 5 for decent cattle 5.25 to 5.50 for choice. Bulls slow 8.75 to 4.75. Calves steady around 6.50. Hogs receipts about 2600 with prices generally lower 8.65 to 8.90. one car at 9. Sheep and lambs scarce in small drafts as market weak and hayed.
MENTIONED IN THIS ARTICLE
Fort Worth
Tex
Chicago Hog and Cattle Market Summary with Prices
Chicago reports heavy hog receipts around 17 000 with slow trade and prices from 7.60 to 9.15 for various weights. Cattle receipts about 3000 with a strong market and prices from 3.60 to 11.00 for cows, calves, steers, and beeves. Sheep receipts near 12 000 with steady demand and prices from 4.10 to 7.40 for natives, yearlings, and lambs.
Cattle Hogs and Sheep Prices Steady in St Louis Market
Cattle receipts 2200 including 1200 Texans. Native beef steers 6.50 to 9.00, cows and heifers 4.75 to 8.70, Texas and Indian steers 6.25 to 7.76, calves 25.76. Hogs receipts 7800, pigs and lights 7.75 to 9.10, good heavy 3.70 to 9.00. Sheep receipts 6000, native ewes 3.25 to 4.25, lambs 5.75 to 7.50. Market generally steady.
MENTIONED IN THIS ARTICLE
ST. Louis
Texas
Market Report Kansas City Stock Prices Aug 7
Hogs receipts 6000 market steady bulk of hogs 8.45 to 8.70 heavy 8.40 to 8.60 lights 8.50 to 8.75 pigs 5.50 to 7.50 Cattle receipts 4500 including 800 Southerns market steady prime fed steers 8.35 to 8.60 dressed beef steers 7.25 to 8.25 southern steers 5.00 to 6.76 cows 3.50 to 5.50 heifers 4.75 to 8.50 Sheep receipts 2000 market higher lambs 5.75 to 7.10 yearlings 4.50 to 5.50 wethers 4.00 to 4.75 ewes 3.25 to 4.26
MENTIONED IN THIS ARTICLE
Chicago
Texas
Kansas City
Wales
Rice Market Report From New Orleans August Trade
Honduras rough rice shows strength with Japan demand expected. Quoted prices show Honduras rough at 4.00 to 4.75 cents, clean Honduras at 4 1 2 to 4 1 2 cents, Japan rough 2 1 2 to 3 1 2 cents. Receipts tallied 2 344 rough and 2 392 clean sacks. sales include 646 rough at 4.40 to 4.75 cents and 1 200 sacks of Japan at 2 1 2 to 3 1 2 cents.
MENTIONED IN THIS ARTICLE
New Orleans
Honduras
Japan
London Market Close Reports Metals Prices
London markets closed with copper hull spot and futures at 67 pounds 10s, tin firm with spot 188 pounds and futures 187 pounds, and iron priced at 55s for Cleveland warrants.
MENTIONED IN THIS ARTICLE
London
Cleveland
Cotton Prices Edge Higher Then Falter in New York Trade
New York opened with renewed nervousness over Southwest crops and initial gains of 1 to 9 points. Forecasts for fair weather in Texas and Oklahoma spurred buying, but cooler weather and showers later in the day triggered Southern selling. By midday prices were 1 to 2 points lower, afternoon trading quiet, and new crop positions down about 5 to 6 points with August steady.
MENTIONED IN THIS ARTICLE
New York
Southwest
Texas
Oklahoma
Cotton futures open steady with varied August to May quotes
The New York cotton market opened steady on August contracts at 11.70 cents and October at 11.90 cents with December 11.10 cents, January 11.01 cents, March 11.11 cents and May around 11.3 cents, all bid.
MENTIONED IN THIS ARTICLE
New York
New Orleans Cotton Opens Steady as Heat Brings Rain Hopes
Cotton futures in New Orleans opened steady with small gains, later slipping on new rain forecasts. Traders noted weather in the Western belt and private reports of rain as influential, while Texas and Oklahoma reports claimed no rain had fallen. By 2 PM prices were 7 to 10 points below yesterday's quotes.
MENTIONED IN THIS ARTICLE
New Orleans
Oklahoma
Texas
Cotton futures open steady in New Orleans market
Cotton futures in New Orleans opened steady with August at 11.40 to 11.49, September around 11.23 to 11.25, and later closed steady with an overall small decline of about 11 points across the session. Traders watched shifts in early positions and nearby contracts for the day.
MENTIONED IN THIS ARTICLE
New Orleans
Marc Bra
Liverpool Cotton Prices and Market Activity
Spot cotton in demand with firm tones as of August 7 in Liverpool. Middling fair posts 7.09d, good middling 6.81d, middling 6.49d, low middling 6.294d, good ordinary 681d, ordinary 5.64d. Sales reach 10 000 bales including 8 00 American and 1000 for speculation and export. Receipts total 2000 bales including 1600 American.
MENTIONED IN THIS ARTICLE
Liverpool
Futures Close Barely Steady In Liverpool Trading
Futures closed barely steady with a spectrum of quotes across the curve. August contracts trade around 6.22 pence, while September and later months move in the 6.0 to 6.4 pence range amid thin activity.
Leading spot markets for cotton across U S ports and Liverpool
The report lists middling cotton prices in major U S markets with Liverpool activity. New York New Orleans Houston Galveston Memphis show middling quotes around 11 to 12 cents per pound and Liverpool around 6 49 pence per pound.
MENTIONED IN THIS ARTICLE
New York
New Orleans
Liverpool
Houston
Galveston
Memphis
Cotton market report from New Orleans August spot prices
New Orleans spot cotton remains quiet with middling at 12 cents. Prices list range from low ordinary to good middling with various classifications and rates. Receipts are none and stock stands at 12,912.
MENTIONED IN THIS ARTICLE
New Orleans
Spot market closes flat with steady week totals
Houston August 7 spot market closes steady. Sales 138, shipments 890. Stock 27,483. The report notes unchanged prices and total activity for the period with figures indicating steady demand.
MENTIONED IN THIS ARTICLE
Houston
Tex
Galveston Spot Cotton Closes Quiet Unchanged
Galveston spot cotton ends the day steady with no change in price. Sales totaled 1667 bales, with receipts at 727 and a stock of 21,442 bales.
MENTIONED IN THIS ARTICLE
Galveston
Tex
Cotton spot quiet with no sales in New York
The market opened quiet in New York on August 7 with middling uplands at 12.00 and middling gulf at 12.25 per unit, no sales reported.
MENTIONED IN THIS ARTICLE
New York
Gulf
Belgian lace industry blooms boosting exports this year
The Belgian race industry has advanced greatly in recent years with 1912 exports to the United States totaling 427224 dollars, up from 439046 in 1911 and 343046 in 1910, while fashion favors lace use and labor costs remain low.
MENTIONED IN THIS ARTICLE
United States
Tramp Ships and Seafaring Dreams of Wealth and Risk
A Harper style excerpt explains tramp ships wander widely for cargo, detailing captain careers from junior officers to mail steamer command with pay ranges from $90 to $2000 annually. It contrasts glamour with the hard finances and distant postings, then closes with surname etymologies of Lind Wren and Fish.
MENTIONED IN THIS ARTICLE
Kansas City
George Flarding
Harper's
Australia
Seed crushers of nearby towns meet in San Antonio
About 20 cotton seed crushers from nearby towns met at the Gunter hotel in San Antonio chaired by J W Allison of Dallas. They discussed boosting home trade for cotton seed products, securing better railroad rates, and the high raw material prices while noting no resolutions were passed.
MENTIONED IN THIS ARTICLE
Cotton Seed Crushers
San Antonio
J. W. Allison
Dallas
Texas Cotton Seed Crushers’ Association
Gunter Hotel
Crushers’ Association
Tennessee
Arkansas
Mississippi
Alabama
Oklahoma
Texas
Northwest
Allison
Senate Debates Tariff Bill amid DOJ Judges Probe
In daylong Senate session Senator Borah charged DOJ agents with probing federal judges to influence court action. General tariff bill debate resumed with Senator Warren criticizing agricultural schedules. James Emery described lobbying for a National Council for Industrial Defense. Senator Owen proposed treasury power to buy government bonds at par. Senator Penrose offered an amendment to curb foreign dumping. The House was not in session and would meet at noon Friday.
MENTIONED IN THIS ARTICLE
Senate
Borah
Department of Justice
Warren
James Emery
National Council For Industrial Defense
Owen
Treasury
Penrose
United States
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