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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 14, 1914
Page
15
The week on Wall Street was dull with small trading and narrow price moves. Gold export surged to nearly 20 million dollars establishing a New York record, while time money rates stiffened slightly and sterling touched a post 1907 high.
Interest in the Texas wool crop spreads nationwide as Angelo hosts a large supply expected to reach 2 million pounds. Sellers rejected San Angelo bids, signaling a high price market, while overall wool demand remains the strongest on record despite some export competition.
Wholesale market listings show egg and butter prices from Northern and Texas creameries. Prices cover hens and fryers per dozen, turkeys by pound, ducks, geese per dozen, and assorted vegetables with crates and hampers priced, including potatoes, onions, cabbage, lettuce, beans, peppers, eggplant, parsley, berries, beets, and turnips.
Temperature, rainfall and weather state for Houston district stations over 34 hours ending Saturday. Minimum temperatures show above normal after a period of fair conditions. Rainfall of an inch or more reported at Cheraw North Carolina C, Hazlehurst Mississippi, Selma Alabama. Allen Beveau, Local Forecaster.
Sterling exchange steady with 60 day at 4.8645 dollars and demand at 4.8890. Commercial bills 4.86 percent. Bar silver 56 1/4 cents. Mexican dollars 44 cents. Government bonds steady. Railroad bonds irregular.
New York reports active demand for printed wash fabrics with low cost bleached muslins selling at value. Carpet wool prices rose while under wear and hosiery agents note stronger trade for future delivery.
Temperature highs reached 90 and lows 70 with an average of 80. The month showed no total precipitation and no daily excess or monthly deficiency beyond normal. Accumulated figures include 13 excess and 39 deficiency January onward.
June 13 at Fort Worth Union Stock Yards reports hogs weak after two weeks of strength. Cattle stay in demand with cows up to 6.00 and calves near 8. Prices range hogs 7 to 7.75, occasional 8. Sheep demand steady with good mutton prices. Texas ranges remain excellent, fewer cattle moving north to grass this year as ranchmen bid against packers.
Fort Worth Texas market opens with light demand as cattle calves hogs and sheep traders report minimal arrivals. Beeves range 6.25 to 8.00 stockers 5.50 to 6.60 cows 4.00 to 5.00 heifers 5.00 to 7.00 calves 5.00 to 9.00 hogs 8.26 to 8.30 ewes 6.10 wethers 6.25 to 5.00 boats 3.00 to 3.75.
Kansas City June 18 receipts and prices show hogs with a market drop and mixed ranges from 7.25 to 9.10 for hogs. Cattle receipts about 100 with prime fed steers up to 9.00 and dressed beef steers around 0.29, cows to 7.25, heifers to 8.85, stockers to 7.76. Sheep listings show 200 head with lambs 4 to 9.26 and ewes 4.50 to 5.00.
Reports from St Louis show receipts and prices for cattle hogs and sheep with market steady. Native beef steers cows and heifers stockers Texas and Oklahoma calves and lambs appear in mixed ranges, as quoted with heavy hogs and feeder cattle noted.
Receipts and quotations listed with bulk gas, lights, mixed, and heavy prices for gales and other items. Cattle receipts show steady market with Reeves, steers, stockers and feeders, cows and heifers, calves priced. Sheep receipts 7000, market weak with lambs and yearlings quoted, springs and other categories noted.
Raw sugar firm Molassee at 2.75 with centrifugal at 3.39. Refined sugar levels show cut loaf 5.25, crushed 5.15, mould A 4.80, cubes 4.55, powdered 4.45, granulated 4.86, mond A 4.30, confectioners A 4.20, No 1 4.10.
Butter higher and creameries show 20 27. Cheese unchanged. Potatoes receipts 45 cars with red and white varieties offered. Louisiana Texas Oklahoma prices new 1.00 to 1.10. Poultry alive higher with fowls at 14 cents.
Kansas market notes show quotations with 4 as the st utter unc. Cw receipts at 15 cents, firsts 18 cents, seconds 16 cents. Poultry prices list hens 1 1/2 cents, broilers 37 cents.
Texas farmers report improving conditions after a wet spring with harvests advancing. Wheat and oats yields vary by region, with 13.6 to 14 million bushels expected vs 16.5 million projected nationally. Cotton remains 65 percent of normal, while corn on uplands shows strong potential and broader replanting efforts under way. Rice prospects are modest, and northwest markets show better prospects for wheat and cattle as ranges stay healthy.
New York and Liverpool grades show price moves with a downward tilt and selling pressure despite earlier highs. Traders cite improving Western crop prospects and hot eastern weather, with December contracts near 21.88 and nervousness about new crop prospects east of the rivers.
New York June 1 cotton futures closed steady with small gains and losses around the prior session. Prices for October and December contracts show narrow moves amid modest trading and the market’s mixed tone.
New Orleans reports show the cotton market for the week ranged from unchanged to eight cents lower compared with the previous Saturday. Prices moved with July and October contracts listed and December unclear due to fragmentary OCR text.
Boston reports healthy activity in wools this week with gains in the letter market while foreign demand moves slower. Prices hold firm despite resistance to higher values with bids for virgin grades and Kentucky grass wools quoted around 25 to 27 cents per pound on various blood contents and durations.
INTEREST IN FARMER NEW YORK June 13 Official promise of another prosperous year on the farms tends to strengthen confidence in the general business outlook says R G Dun Co The government grain report this week shows a splendid exhibit With increased wealth from the soil purchasing power of the agricultural community will be enhanced and enlarged railroad freight traffic is indicated by bountiful harvests funds are abundant so financing the marketing of crops should pose no difficulty In regard to the monetary situation much significance attaches to recent developments gold is being withdrawn from this center in substantial volume without materially affecting rates for accommodation.
New York banks and trust companies report total excess lawful reserve of 42.3 million dollars, down 9.9 million from the prior week. Loans rise to 2.181 billion. circulating notes fall. total deposits near 2.074 billion with gold and bank note movements noted in the Greater New York area.
Kansas City June 13 report shows cash grain prices with wheat as the leading grain. The snippet lists market quotes but ends abruptly while detailing Wheat prices and other grains for the week.
Banking trouble and a grain firm suspension triggered heavy selling on the Chicago Board of Trade. The week ended with wheat down more than 2 cents per bushel, as banks failed and Sidney Long & Co. collapse spurred panic selling of July wheat, while oats fell with wheat and hogs boosted provisions.
Financial snippets from New York New Orleans and Houston show spot cotton steady to lower with middling around 13.60 in New York and 18 per basis in Houston. Grain futures in New Orleans close Wheat July 77 September 77 Corn July 70 September 67 Oats July 38 September 36.
Galveston market notation shows steady tone with middling quality cotton trade. Sales include 640 bales with no arrivals expected. market spots unchanged and prices remain stable for the period.
METAL MARKETS NEW YORK reports dull markets with nominal prices for Lake co material and electrolytic at 18.874 to 1400, while Iron remains unchanged. MARLE INTELLIGENCE in Galveston lists arriving ships Fort Gaines and others and sailing Abangarez and Bremen routes. At Aransas Texas a small team yacht Wakiva arrives from Tampico.
Memphis June 13. Market notes show pricing for cotton goods including seed, meal, and linters with a reported 24 percent figure. The fragmentary text lacks complete details on prices, origins, or buyers.
The New Orleans rice market shows steadiness in rough varieties and gains in clean grades with Honduras and Japan as key movers. Quotations list rough Honduras at 1,500 4.60 and Japan at 1.60 3.25, with clean rice advancing and futures for New York coffee remaining steady.
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