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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 29, 1913
Page
9
Big receipts and fine weather eased wheat while coarse grains provided support. Corn rose on heat damage fears with improved eastern demand lifting oats and provisions. futures closed mixed to higher as September options fluctuated and market stayed nervous on dry forecasts.
Chicago July 29 grain and provision quotations show the open high low and close figures for the day. Reports list price activity across key grains and commodities with no further detail in this brief market update.
Quotations list cash wheat and corn prices with several grades and figures. Wheat includes No 2 red No 2 hard new No 1 northern and No 2 northern while corn shows No 2 and No 2 white and No 2 yellow prices. Oats quotations cover No 2 standard and old market prices.
Daily prices show cash wheat No 2 hard 81 86c No 2 red 81 4c. Corn No 2 mixed 69c No 2 white 70c. Oats No 2 white 40 41c No 2 mixed 39c. Futures: Wheat September 81 4c December 85c May 90c. Corn September 67c December 64 64e May 66 66e. Oats September 40e December 43e.
St Louis cash grain prices list No 2 red wheat 84 86 cents No 2 hard 84 90c corn No 2 67 68 69c No 2 white 68 69c oats No 2 88%ec No 2 white 4lige receipts yesterday flour 20000 barrels wheat 492000 bushels corn 47000 oats 130000 ship 10000 flour 10000 103000 28000 1000 bushels close July wheat 83%c Sept 84%e corn July 654c Sept 66%Qc oats July 38%e Sept 49% tee
D C Robinett harvested the season’s first bale four miles west of Luling Texas weighing 480 pounds. Walker Bros & Co bought the bale at 12 1 2 cents per pound.
Galveston reports arrival of steamers El Oriente from New York San Mateo from Baltimore and no sailings yesterday. New York notes arrivals Kron Prinzess from Bremen Cecelle Verona from Naples.
McLennan County opened with the first bale of cotton selling today at public auction in Waco to the Young Men's Business League at 20 cents per pound. The 462 pound bale, classed strict middling, earned a premium of nearly 100 dollars for producers.
Boston reports July 28 with Arizona Commercial at 2 percent and Calumet and Arizona at 64 percent. Greene Cananea trades 644 while North Butte marks 27 percent in a brief, data rich market summary.
Memphis July 29 Spot cotton held steady with a four cent drop noted in middling size. Traders watched for shifts in prices as buyers remained cautious and mills awaited further supply data.
Observations at 8 a.m. Tuesday July 29 1913 confirm Cherropongee in southwestern Assam as the wettest place on record with an average rainfall of 610 inches.
The Department of Agriculture warns of the tuber moth causing potato scab, a condition dulling tuber appearance and marketability. Growers report reduced potato acreage, poor seed quality blamed, and calls for seed inspection and fumigation to curb spread while amid a peach glut depresses Texas markets.
Prices listed for eggs, poultry, cheese, butter, vegetables, fruits, syrups and hides. Notable items include eggs 17-22c per dozen, large hens $5 per dozen, turkeys 12-14c per pound, cantaloupes 1.26, watermelons 2.00 to 38.00 per dozen, California oranges 5.00 to 6.25 per box, apples Tenet basket prices and assorted syrup cases.
A dense price catalog lists items from meat cuts to lard, canned meats, fish, nuts, flour, beans, raisins, citron, peel, hay, sugar and coffee. Prices given per pound, per can, per 100 pounds or per barrel with many entries specific to No. 1 can sizes and regional market terms. Includes names of product types, weights and occasional pack sizes.
In St Louis on July 29 the market quotes chicken 12 1/2 cents, springs 16 cents, turkeys 18 cents, ducks 12 1/2 cents, geese 10 cents. Butter creamery 26 cents. Eggs 13 1/2 cents.
Chicago report shows butter unchanged with other commodities holding steady. Eggs receipts reach 10,452 cases, potatoes 50 cars, and poultry alive also unchanged.
New York and Kansas City reports indicate eggs firm with receipts totaling 21,282 cases while butter and poultry remain unchanged. The brief notices record steady prices and stable market conditions for late July.
New York notes a steady session with raw sugar, Muscovado at 3.07, centrifugal 3.57, molasses sugar 2.82, and refined steady. Petroleum and molasses also steady, hides firm with Bogota 29 percent 380e and Central America 29 percent. Leather prices firm with Hemlock firsts 29 380c and seconds 28 29.
Union Stock Yards reports a dull cattle trade with hogs selling briskly at 7.00 to 7.50. Cows bring 4.00 to 4.75, calves 5.00 to 6.25. Fort Worth shows a lighter day after yesterday’s high cattle activity. Chicago and Kansas City show steady to weak sheep markets.
Fort Worth reporters note calmer receipts on Tuesday with 1400 cattle 400 calves. Beef steers and butcher cows rose 10 to 15 cents while hogs largely steady with wagons at 9.15 top. About 400 sheep arrived and sold after arrival with lambs at 6.25 and good wethers and ewes selling.
Receipts and quotations across hogs cattle and sheep show slow to weak demand. Hogs receipts 15000 with bulk sales 5.75 9.15 and heavy 8.40 9.20. pigs 6009.10. Cattle receipts 4000 with Reeves 7.10 9.10 and Texas steers 6.89 7.90. cows and heifers 3.80 4.85. stockers and feeders 5.40 7.70. Sheep receipts 30000 with native sheep 4.35 5.45 and yearlings 5.60. lambs 55 7.50.
Receipts total 7000 cattle including 1300 Texans with steady demand. Native beef steers 5.50 to 8.75, cows and heifers 4.75 to 8.40. Texas steers 6.25 to 7.75, cows 4.26 to 6.50. Hogs receipts 12400 with pigs and lights 7.25 to 9.40 and good heavies 9.25 to 9.40. Sheep receipts 13000 with native muttons 3.75 to 4.25 and lambs 6.25 to 7.50.
Kansas City July 29 cattle hogs and sheep markets show steady hogs with bulk $8.99 to $9.50 and lights $8.90 to $9.10. cattle receipts 14 000 with southerns and fed steers $5.80 to $8.55. cows $4.00 to $7.00. sheep market weak with lambs $6.00 to $7.65 and yearlings $4.50 to $5.50.
In a dry Texas weather pattern, cotton prices climbed early and stayed firm. July futures gained points on short covering, while December held gains on support from leading interests as new crops rose and old crops advanced on late shorts.
New Orleans cotton opened up 8.6 points on good cables and dry western belt. After the call gains narrowed to 6–8 points as forecasts favored fair western weather. August contract looming and Texas receipts sparked selling. by noon, prices stood about 3.6 points over yesterday's close.
New Orleans July 29 cotton futures opened steady with July at 11.66 and December near 11.26. Prices at 2 p.m. marked 5 to 7 points above yesterday, with a closing gain of 1 to 3 points. The Cotton Region Bulletin notes fair belt weather, above normal temperatures, and rainfall in Jacksonville, Thomasville, and Valdosta. Allen Buell, local forecaster.
New York stock action turned lower for the first time in more than a week as bears returned to push several leaders down. Reading, Steel and Northern Pacific rose slightly while Copper Union Pacific and Canada down about 1/2 to 1 point. Wells Fargo gained 9 points, but the market ended the day steady with narrow fluctuations and traders awaiting new impulse.
Liverpool cotton market reports steady spot prices with fair demand. Middling fair 7.14, good middling 6.84, middling 6.54 and lower grades ranged down to 5.£ 6d. Sales totaled 8 000 with 7 800 American and 1 090 for speculation and export. Receipts 11 000 including 100 American.
Two first bales of cotton arrived in San Marcos on July 29. J A Mathews from five miles north delivered a 571 pound bale ginned by Farmers Union gin sold to Mutual Mercantile Company for 16 and a half cents per pound, amounting to 104.71 dollars. Forty minutes later a 643 pound bale from the F M Johnson farm sold to P T Talbot & Son for 14 cents per pound, bringing 76.02 dollars. The first bale of the season in open market here.
United States Steel Corporation in New York today announced regular quarterly dividends of 7 percent on common stock and 1 percent on preferred stock. For the quarter ending June 30 total earnings reached 41,219,813 with net income of 31,520,611 and a surplus of 13,619,365, up from the prior quarter’s 34,426,801 earnings, 25,696,509 net income, and 7,369,600 surplus.
Futures closed quiet with a list of silver and commodity forward prices in Liverpool. The data covers July contracts and successive monthly pairings with bid figures and percent distinctions across a long series ending in June and July futures.
Memphis July 29 prime bale oil at 8 cents per pound meal 31.50 to 32.00 dollars linters 24 3?igc.
The New York cotton seed oil market ends firm with spot at 9.55 to 9.90 and near term months ranging from 9.50 to 9.60. The session records 15,800 total sales with October to December contracts showing active interest at multiple price levels.
Spot cotton in New York on July 29 remained quiet with middling uplands at 12.10 and do gulf at 12.45 cents per pound. no sales reported.
New Orleans reports cotton spot quiet with middling at 11 15-16 cents and receipts of 118 bales. Prices in other markets show minor variations, with overall activity listed and stock at 24,348 bales.
Houston market closes steady with 72 bales traded as shipments fetch 47 dollars per bale. Stock reported at 32,149 bales.
New Orleans notes rough rice steady, clean Honduras strong, Japan steady with quotes. Rough Honduras $2.25 to $4.60, Japan $2.50 to $3.25, clean Honduras 44 6c, Japan 3% 3%e. Receipts listed as Rough $21, millers $20, sales include Rough Honduras 101 at $4.25 to $4.60 and clean Japan $8.00 to $8.02.
New York reports men's wear for spring 1914 priced at much lower levels. Serge fabrics from 11 to 14 ounce reduced about 17 percent per yard from last spring. Cotton ginghams from October cheaper by about 1 percent per yard. Cotton yarns show little change for spot delivery. Raw silk remains firm in price.
Galveston July 29 spot cot ton closed quiet and unchanged with 400 bales sold on spot basis. F. o. b. quotes note 78 bales. Receipts reach 1213 bales and total stock stands at 30,176 bales.
New York reports futures for No 7 Rio at 9 3 4 cents with Sept and March prices. St Louis wool markets show steady demand with northern and western mediums at 17 2 3 cents and slight burries around 16 16 2 3 cents, fine burries at 15 1 8 cents.
Washington reports the Chilean foreign affairs minister proposed sending Chilean graduates to the United States for technical education with transportation costs covered by Chile. The plan, presented to Col Henry L. Kincaide of the Boston chamber delegation, aims to foster future US-Chile business ties and expand American ideas and trade.
In New York on July 23 prime mercantile paper and exchange rates eased with 60 day bills at 4.83.25 and demand at 4.86.65. Bar silver quoted at 59 1/2 cents, Mexican dollars at 47 cents. Government bonds were irregular while railroad bonds remained firm.
New York July 29 report shows copper spot at 14 dollars, July 14 00 to 14.63, August 14.00 25, September 14.00 14.37 for electrolytic and lake refined. Tin quiet with spot and July about 40.80 41, August 40.65 40.87, September 40.62 40.87. Lead firm at 4.50 bid. Spelter steady 5.55 5.65. Antimony dull. Cookson’s 8.40 8.56. Iron steady and unchanged.
London July 29 markets show copper and tin firm with spot and futures at 67 pounds 7s 6d for copper and 184 pounds 10s for tin. Lead quoted at 21 pounds, spelter at 20 pounds, iron Cleveland warrants at 658 6.
In St. Louis on July 29 lead priced at 4.30 and spel ter at 6.36 per unit, with available details indicating current commodity values.
New York July 29 Money on call remained steady at 2 1/2 percent with closing bids at 2 percent and offered at 2 1/2. Time loans followed a similar pattern with 60 days at 3 1/4 percent, 90 days at 4 1/2 percent, and six months at 6 percent.
Dr R S Todd of New Milford and Selectman W K Stone of Winsted witnessed a cow wading in a brook on Kent Mountain. The animal pulled a toy boat and a fishpole from a line swallowed by the cow during drinking. Experts consult whether a fish remained on the hook. An additional note reports a US expert hired by Brazil to study cotton crop boosts and a $1,000,000 estimate for attar of roses in Turkey.
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