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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 09, 1913
Page
11
New York stocks extended a weak streak amid political and war fears. Banks called in margins while major shares fell. copper and steel led declines as traders priced in Federal and foreign risks. Prices recovered slightly at times but closed weaker with several big names posting losses.
Cotton Region Bulletin reports unsettled weather in the belt with showers and nearly normal temperatures. Rainfall of an inch or more common in Charleston Vicksburg Wilmington New Orleans Augusta Mobile Atlanta Montgomery Oklahoma Little Rock and Houston districts with over four inches at Camden Arkansas. Allen Buplis Local Forecaster Weather Bureau.
On June 9 money on call rose to 3 percent with rates near 2 1/2 to 3 percent for various terms. Copper futures showed mixed quotes with spot around 14 to 15.75 and related metals trading between 14 and 45.50. Lead steady near 24.40, antimony dull, zinc/dross figures cited. London metal prices followed, with copper and nickel in stronger spot and futures, while pelter and iron values fluctuated. Cleveland warrants listed at 51 4 4.
Port reports show arrivals at Arthur Texas with steamers Pinna Manchester Bayonne and Clearfield Tuxpam and others. Liverpool Southampton and other ports list ships including Carmania Majestic Ethel Wolf Berwind Regina and Bluefield with routes to New York Rio de Janeiro and Havana.
Official statistics show nine months ending March 1913 for Philippine Islands imports from the United States total $19,468,592 or 44 percent of all imports in a period totaling $43,817,234. Cotton goods lead the rise with a value of $5,159,464, up from $2,691,026, while rice and hemp exports also shift amid price changes and increased cigars sent to the United States.
Observations at 8 a m Monday June 9 1913 New York report steady bee market receipts totaling 20 220 cases and fresh gathered extras at 22 28 cents per pound.
New York June 9 The Copper Producers Association reports May stocks on hand declined by 8,074,883 pounds from April. The drop indicates tighter supply in the market as producers reduce on hand inventories and respond to evolving demand.
Quotations were as follows today Butter unchanged Eggs unchanged receipts 20451 cases Potatoes old lower 25 30c receipt 48 cars new steady 60 90c receipts 4 cars Poultry unsettled chickens and springs alive 16c
Kansas City markets report Butter Creamery 27c firsts 26c seconds 25c packing 20e. Eggs First 17 c seconds 14c Poultry hens 18c roosters 10c ducks 15c buyers 23c.
Quotation roundup from St Louis June 9 lists poultry prices with chickens 13 to 27 cents, springs 23 to 27, turkeys 16, ducks 10, geese 7, butter creamery 23 to 27, and eggs 1 cent each.
Elgin reports butter remaining steady at 27 cents per pound. In New York coffee markets No 7 Rio Ren a irre steady with July at 9 84 and December at 9 05.
Un settled forecast with thunder showers expected tonight or Tuesday. For San Antonio and vicinity unsettled conditions prevail with possible thunderstorms. East Texas also unsettled with scattered thunder showers tonight or Tuesday.
The Texas grain movement has started with oats prices down a cent per bushel under liberal offerings. Wheat will appear on the market around June 15 while threshing starts this week. Mills offer about $1.05 per bushel for old wheat, no market yet for new. Hay supplies liberal with alfalfa down $2 per ton. Johnson grass around $12 delivered. First shipments of prairie hay expected by week’s end. Reports note strong oats and wheat stands near Kerrville and across northwest Texas. Corn markets suffer from lack of rain. yields 40 to 60 bushels per acre in many areas, some places under five. Coffee list lowered by Arbuckle & Co. market weak. Sugar steady. no tariff impact expected soon. Eggs and chicken offered with rising demand. egg stock fading due to heat. Butter steady. creamery movement large at 28 cents. Canned meats rise marginally. strong demand for picnic goods. Sardines up 15 cents per case amid canned fish demand from fresh variety scarcity.
A dense markets column lists prices for eggs, poultry, cheese, butter, and a wide range of vegetables and fruits. Notable entries include eggs 15 16c per dozen, turkeys 12 14c per pound, apples $1.75 per box, oranges $4.26 4.50 per box, lemons $7.50 per box, bananas three per hundredweight, and pecans 12c per pound with numerous additional items across meats, syrups, nuts, and hides. The entry reads like a raw OCR dump of wholesale market rates with many OCR errors and inconsistent spellings.
Washington June crop report details spring and winter wheat plantings, yields, and total production. It notes 18.7 million acres of spring wheat and 30.9 million acres of winter wheat planted, with indicated yields ranging from 12 to 16 bushels per acre and total production hundreds of millions of bushels.
The Union Stock Yards receipts at noon June 9 show 1581 cattle, 877 calves, 60 horses and 15 hogs arriving, with only 127 cattle, 61 calves and 16 hogs sold. Range cattle from King ranch and Pierre Blanco ranch contributed to yarding. calves in Fort Worth topped 39.60, a market record, while northern markets stayed steady.
In Fort Worth on June 9 receipts were moderate while demand remained light. Beef steers held steady to strong, stocker cattle saw good interest, and cows heifers and bulls traded steadily. Veal calves hit a new high at the yards with two leads at 9.50. Hogs declined while sheep remained unchanged from last week. Cattle 4000 calves 1800 hogs 1500 sheep 1000.
Receipts totaled 4500 cattle including 600 Texans with a steady market. Native beef steers 5.75 to 9.00, cows and heifers 5.60 to 3.60, stockers 5.25 to 7.50, Texas and Oklahoma steers 6.00 to 8.00, cows and heifers 4.26 to 7.00, calves 6.00 to 6.50. Hogs receipts 650 with a higher market. Pigs and lights 7.25 to 3.65, mixed and butcher 8.50 to 8.65, good heavy 8.55 to 8.60. Sheep receipts 6000 steady. Native muttons 4.50 to 5.00, lambs 6.26 to 8.65, spring lambs 8.25 to 8.60.
Receipts and quotations show hogs cattle and sheep market steady in Kansas City on June 9. Hogs receipts 8000 with bulk 8.36 to 8.45 and butchers prices around 8.40. cattle receipts 8000 including 1000 southern steers with prime fed steers 8.25 to 8.65 and southern cows up to about 8.60. lambs 35.00 to 8.10 and yearlings 5.00 to 6.50.
Chicago reports a mixed livestock market with hogs and cattle receipts and varied prices. Hogs show bulk sales around 8.50 to 8.60 with lighter, heavier ranges and midweek softness. cattle receipts about 2100 with a steady tone and beef prices from 7.20 to 8.80. sheep receipts near 15000 with strong tone and native and yearling grades priced from 4.90 to 8.40 for lambs and yearlings.
New York and New Orleans show gains as strong demand for near months supports prices. Liverpool and Houston mixed, with New York at about 16 points up and near-months rallying despite early declines. Weather generally satisfactory, Balkan tensions and English spot sales cited as factors. estimated receipts around 6000 dates.
Cotton futures in New Orleans opened steady with a decline of 3 to 4 points due to poor cables but improved after bulls supported the market. Showers were reported across the cotton region Sunday and rain was broadly viewed as beneficial. By midmorning May rose 8 to 10 points from Saturday's close before profit taking and short selling tempered gains. At noon the market stood about 6.7 points higher than Saturday's last quotations.
New Orleans on June 9 reports cotton futures opening steady with varied quotes for several months including June at 12.08, July 12.06 bid, and December near 11.26. Afternoon trade remained steady. at 2 pm prices stood about 2 65 points over Saturday’s close, with the final close showing a modest positive shift.
Spot cotton in fair demand with prices easing. Middling fair at 7.28d and good middling at 6.894d, middling at 6.67d, low middling 6.51d, good ordinary 6.16d, ordinary 5.81d. Sales 10,000 bases including 600 for speculation and export and 9,600 American. Receipts 9,000 bales including 900 American bales.
Liverpool futures opened steady and closed very steady with a chain of daily quotations. Key pairings show June through May futures ranging from 6.07 to 6.49 with several 6.4x and 6.1x per tone across consecutive months.
New Orleans spot cotton held firm with modest increases across grades. Middling 12.44 cents. sales on spot 107, to arrive 260. receipts 1921 bales, stock 68,671. Other markets cited include New York middling 12.25, Memphis 12, and Liverpool 6.67 pence.
Galveston Tex June 9 Spot cotton closes steady with small gains across grades. Low ordinary 7 1/2 cents, ordinary 8 1/2, good ordinary 9, low middling 11 1/2, middling 12, good middling 12 1/2, middling fair 12 1/2 cents. Receipts 1724 bales, stock 78,000 bales.
Houston spot market closed quiet and unchanged with no sales on spot or f o b. Shipments totaled 1862 bales and stock stood at 6241 bales as of June 9.
Memphis spot cotton remains steady while New York quotes show slight uplifts with no sales. George Scott of Buffalo received a five year jail term for stealing a stickpin. The New York Public Library notes eight million books circulated for home use in 1912. Japan bought over five million dollars in electrical machinery and supplies last year.
In New Orleans on June 9 the cotton market shows little news this week. No reports or immediate condition data, with July position driving sentiment. A large short interest looms as bullish talk around July sustains prices, while expectations of large U S shipments could bullishly influence futures.
Memphis reports unusually favorable conditions for two weeks boosting the cotton crop. Except for a small area in Southern Texas, weather has been near ideal with warm days and recent rains keeping fields clean and soil tilled. Boll weevil appears early in Mississippi and Louisiana, but farmers are responding vigorously. no grass or labor shortages noted.
Prices paid to producers show a 28 percent drop from a year ago and 9.2 percent below 1910 levels. Corn averages 60.6 cents per bushel, wheat 2.7 dollars per bushel, oats 36 cents, barley 52.7, rye 64.1, and potatoes 55.2. Meat animal prices in mid May exceed last year by about 10.7 percent, with hogs at 7.45 per 100 pounds, beef cattle 6.01, veal calves 7.17, sheep 4.91, and lambs 6.66.
Chicago June 9 large anticipated decline in visible wheat stocks pushed prices higher after a soft start. July futures moved around 90 to 91 cents, then rallied to near 94 cents. Corn eased as wheat strengthened, oats fell and pork provisions supported by purchase orders with September pork near 19.89 dollars. Close showed July wheat up modestly at about 38.38 cents and corn firming to 58.58 cents.
The American Cotton Manufacturers Association begins a three day meeting in Washington. Delegates will be received at the White House by President Wilson. Secretary Redfield addressed the opening session today.
New York reports steady prices for raw sugar with Muscovado at 2.80 to 2.84 per unit and refined sugars around 4.25 to 4.30. Petroleum remains steady in bulk at 6.00 per barrel 8.70 per case 11. Market notes include molasses steady and New Orleans open kettle at 85 to 560, indicating limited price movement across commodities.
New York June 9 hides steady with bo gutta around 28% to 29 1 3 affecting Central America at 29c. Leather remains steady with hemock firsts 28 29c seconds 27 28c.
The New York cotton seed oil market closed steady with spot bids at 7.19 and 12 300 total sales. For June prices ranged from 7.16 to 7.22 while later months posted 6.30 to 7.22. Notes mention quebracho wood in South America and a German built motor tank boat for Standard Oil.
Quoted prices show cash wheat No 2 hard 6 5 8 cents, No 3 red 2 95, corn No 2 mixed 40 14 cents, No 2 white 40 14 cents. Futures: July wheat 85 plus, September 85 plus, December 87 plus. Corn July 57, September 57, December 54 4 cents. Oats September 38 and December 38 1 cents.
Quotations dated June 9 show cash wheat at No 2 red 1.06, No 3 hard 0.91495. corn No 2 57c, No 2 white 58c. wheat July 87c, Sept 87c. corn July 67c, Sept 58c. oats July 37c, Sept 38c.
Cash wheat prices show No 2 red at 1 00104, No 8 red at 92 8c, No 2 hard at 92 94c, No 1 northern at 98 94c, No 2 northern at 92 92c, No 2 spring at 92 93c, velvet chart 904%94%c, durum at 90 96c. Corn offerings include No 2 at 584% and No 2 white at 59c, No 2 yellow 58% 59c, No 2 68 Sc. Oats list No 2 at 38c, No 2 white 40c, Standard 39% 40c.
Racine Wisconsin high school graduates chose Perturbaremur as their motto meaning We should worry. Teachers and principal L H Brooks discussed the phrase noting its odd translation and the class member’s optimistic claim that it embodies cheerfulness. The debate touched on teaching methods and the students' future reflections.
A. Collman discusses importing camels to replace horse and ox in semi arid regions. Argentina forecasts 600000 automobiles this year. Guadaloupe vanilla growers get 1.50 to 2.20 dollars per pound for dried beans.
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