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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 01, 1914
Page
9
New York June 1 The week begins with a dull stock market showing nominal price changes. Missouri Pacific gains slight ground before pulling back amid note extension uncertainty. Union Pacific and U S Steel slip ex dividend while other leaders trend downward. overall market closes heavy.
Market notes show copper steady with London holiday and slight price drift. Spot ranges around 31.20 to 31.50 dollars with billet and ingot listings for Northern and Southern categories described in terse quotes.
Automobile licenses list shows Dr D Berrey at 417 Marshal Street with license number 221 for a Hupmobile in the city records.
The page lists multiple rail connections from Fort Worth Dallas Waco Houston Victoria Kerrville Yoakum and other points. It includes departure and arrival times for trains to and from Houston Waco Corpus Christi Cuero Victoria and more with dates and service numbers for daily and sunset routes and limited trains.
Hayward and Clark report New Orleans that government estimates put last year’s cotton acreage at 37.5 million acres with a final yield around 15,075,000 bales excluding linters and re- packs. Weather disruptions persist in the western states and Texas, delaying crops. Demand shows activity in dry goods, Manchester hints at pause, but mills booked months ahead.
The weekly market letter notes a heavy demand for cotton but warns of continued drought in the western belt and no relief in sight. If dry weather persists in the eastern belt the crop could be at risk, while overall consumption is strong and prices may rise as buying resumes. The government releases its first crop condition report today.
New Orleans reports a general buying movement in cotton as weather across regions affects supply and the boll weevil threat rises. Market trend shows upward momentum but cautions against purchases on advances with potential later year liquidity and uncertain foreign finances, especially Paris.
The New Orleans market notes renewed public interest in cotton amid drought and low night temperatures delaying growth in the western Gulf. Forecasts stress June moisture to offset prior damage, with favorable rains seen as hinge to crop prospects and potential buying opportunities as prices dip on weather expectations.
Cotton goods markets broadened with firmer prices after a active week. Buyers of denim tickings and colored cloths increased purchases for summer delivery while imports and mill buyers faced profit pressures as crop year nears.
New York June 1 Futures for Coffeer No 7 Rio hold steady with July at 8 96 and December at 9 40 as markets show little change on the day.
Produce commissions moved briskly though receipts were light on Monday first day of week. Cotton outlook worsened per government season report with Texas rains blamed for low crop condition. figures fall to lows since 1871 except 1903 and 1907. Coffee demand firm as roasters pay more. Brazil loan rumors bolster sentiment. Wheat prices eased one cent per bushel in Chicago with local mills keeping prices steady. wheat stocks are limited and buyers enter rising market.
A long price list shows wholesale rates for eggs butter produce and canned goods. Items include eggs at 17-18% butter from northern and Texas creameries cabbage celery peppers and more with per dozen and per hundredweight figures and assorted canned fruits vegetables and staples listed by region and grade.
The Agriculture Department reports Texas cotton open to a poor start, only 60 percent of normal, the weakest among states, while the United States overall is 74.8 percent of normal as of May 26. Deterioration followed heavy rain since May. The report outlines upcoming plantings and future publication dates for further estimates.
June 1 at Union Stock Yards Fort Worth reports active buyers and high prices. Hog sales reached $8, the year's top, with cattle and calves also strong. cattle $4.75 to $5.50, calves near $8.25, hogs at $8.00. Demand sustains imports and packers vow to take in offerings. Sheep and goats seen weaker in distant markets and Kansas City and Colorado retail movements noted.
Largest cattle run this year 6800 head plus 500 calves received today. Trade described as draggy with beef steers steady to ten cents lower. Prices listed for beeves stocker steers stockers beifera and other categories, plus bulls calves and hogs. Sheep receipts done and market up about ten cents with best wethers near 5.25.
Chicago market figures show receipts across cattle and sheep. Beef and hogs traded with varied price ranges, including veal and calf categories. Sheep and lamb values appeared implementing fluctuations in the day’s session.
Receipts and quotations show hogs steady with sales around 7.80 to 9.00. cattle demand mixed with prime fed steers at 7.60 to 8.25 and cows 4.50 to 7.75. stockers 6.50 to 8.25. Sheep receipts near 5000 with lambs 7.00 to 8.75 and yearlings 5.50 to 6.50. wethers and ewes noted.
The market rose in New York and other cities as the first government crop report of the season showed 74.3 percent condition, well below the ten year average. July and December futures jumped to new highs amid heavy buying and talk of a crop disaster.
Quarantine arrivals last week totaled 90 carloads mostly South Texas grassers. Wel der steers brought 7.40 to 7.65, other South Texas at 6.90 to 7.50. Georgetown steers 8.15, North Texas fed steers 7.85 to 8.20. Native yards off 2,600 from last week. hogs down sharply with week total about 10,000 below prior week and 18,000 under year ago. Top hog price around 8.22, bulk 8.06 to 8.20. Sheep and goats diminishing as Colorado finishes. receipts down 10,000 to 86,000 for the week. Lambs 38.75, clip lambs 7.25 to 7.75, wethers 6.50, ewes 5.75, clipped ewes 5.35, goats 3.75 to 4.50.
Cotton futures opened steady and closed higher in New York trading on June 1. July futures began at 13.20 cents per pound while October 12.71 and September 12.81 showed initial quotes. Day ranges and final closes varied with notable gains in the session.
Early cotton prices rose amid expectations of a bullish government condition report and ongoing rain in Texas. Prices moved from gains of 6 to 11 points to 15 to 18 points by 11 o'clock, later climbing further as the day progressed. By 2 pm new crop months traded around 13 cents, a net rise of 86 points after intraday fluctuations.
New Orleans June 1 futures showed a steady start with gains of 6 to 8 points, July at 13.50, October 12.72, and September 12.72. Close remained 18 to 29 points higher. daily quotations listed for July and October with high, low, and close values.
New York shows 13.75 cents for middling spot with no sales. New Orleans spot steady at 13 4. Liverpool and Houston report middling around 13 8. Galveston spot steady with 1125 bales on spot and arrivals none.
New York June 1 The stock market shows narrow moves reflecting indecision among traders. Abroad optimism about Mexican peace and Irish home rule prompts some initiative, while U S incentives remain restrained by uncertainty in federal reserve policy and note extension plans.
June report notes contracts for 50 000 tons of steel rails and plates and 5400 merchant car orders in four weeks. 2900 cars shipped, 30 000 tons rolled steel for railroad shops. Export rails worth 5 000 tons to British colonies. 25 000 tons of structural steel to Canada possible. Mobile & Ohio order for 1008 cars, 41 locomotives ordered, overall steel activity rises.
Butter and eggs hold steady as receipts rise. cheese and twine steady with prices around 14 to 15 cents. Potatoes advance with Michigan white at 80 to 81 cents and red at 70 to 80 cents. Live poultry drops, fowls at 13 cents. Market receipts include 22 239 cases of eggs and 35 carloads of potatoes.
The Cotton Region Bulletin notes generally fair weather across the belt with near normal temperatures. Rainfall amounts include an inch or so at Lufkin Snyder Cuero and Ozark. Local forecaster reports Texas weather as typical for early June.
Memphis June 1 price reports show prime basis oil at 6.30, meal at 27, lintera 2% 3e. New York June 1 cotton seed oil closes firm with spot 7.15 7.28 and futures for June to December listed in the 7.19 to 7.50 range. Total sales 8900.
Cotton receipts at major U S ports show figures for Galveston Houston New Orleans Savannah Charleston and Norfolk with totals indicating movement through the season. Data reflects port by port arrival and common gauge of trade activity for the period.
Arrived include El rte New York Ogeechee Port Arthur maining Br New Orleans Italia itel Tampa Cummins U S torpedo boat destroyer Vera Cruz Mailed Mount Vernon Nor Puerto Cortez a compact naval update listing ships and mail destinations from Galveston Texas on June 1.
Pittsburg reports another crude oil price reduction at the opening. New prices listed: Pennsylvania crude $1.40, Mercer black and New Canette $1.35, Corning $1, Cabell $1.40. No change in Somerset or Ragland.
Chicago June 1 predictions of 180 million bushels Kansas yield weighed on wheat with 400000 acres possibly abandoned. Texas rust and Nebraska fly damage limited declines. Corn slipped with wheat but rose on Argentine weather. later firmed on Hungary Roumania reports and western Canada dryness. Kansas City quotes: Wheat No 2 hard 89 1/2 to 91 1/4 cents. corn No 2 yellow 69 to 70 cents.
Kansas City on June 1 reports grain futures edging upward with July corn at 69c and July oats at 9c. The market shows light activity amid tentative demand and expectations for U.S. harvest conditions.
The report lists commodity quotes with grades and prices for wheat and corn. Entries show No 2 red and No 2 white wheat varying around 96 to 96 KO, and corn figures including No 2 and 2 white around 72 to 49 cents per bushel.
Kansas market brief lists dairy and poultry prices from June 1. Butter quotations 28 to 18 cents per pound for various grades, eggs cited at 11 to 18 cents, poultry hens priced 15 cents per pound with assorted grades noted.
New York reports varied raw sugar and confectionery product prices with multiple grades and batch names. Prices range from 1.00 for No. 1 to 5.15 for Cut leaf, with several centifugal and powdered sugars noted alongside terms like diamonds and granule varieties.
T H Weymouth builds three room houses in Weymouth subdivision costing 3600 dollars. Max Mills erects a four room frame dwelling on Bever street costing 1200 dollars. A rifle with a hidden plug enables shooting through an embankment, used by an unseen shooter. A French inventor claims fatigue is measured by a machine and five percent of corpulent people tire easily.
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