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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 22, 1913
Page
10
Observations recorded at 8 p m standard time. Air pressure reduced to sea level. Isotherms and isobars depicted. Temperatures and precipitation summarized for past 24 hours with totals for the month and year to date. Winds from the southeast at 12 miles per hour. Sunrise Sunday at 6 36 a m.
In New York, tensions relax in the stock market amid a week of calmer trading. Prices edged lower as short covering ceased and foreign selling, notably by London, weighed on gains. News was light though rail rate decisions and copper weakness shaped sentiment, leaving Union Pacific and steel shares under pressure.
Chicago June 21. I G Priest of the government bureau of standards says a uniform grading system for cotton seed oil is sought at the Society of Cotton Products analysts convention. Current grading by color against yellow glass pieces is unsatisfactory due to glass color variation. About 75 society members attended from across the South.
Secretary Hester reports a weekly cotton movement materially below last year with a 21,000 bale month deficit and a 2,180,000 bale season shortfall. Week receipts total 36,400 bales, while season to date movement reaches 18,345,881 bales across ports, northern mills, Canada, and southern centers, reflecting reduced exports and strong spinner demand.
United States port stocks total 279040 bales with interior towns at 239576 and Liverpool holdings 21009000. Exports for the week 4442 and 30211 for prior year. Net U S port receipts for the week 30637 vs 19809 last year. Total exports and receipts since Sept 1 compiled, with year comparisons.
Receipts total cattle 400 including 100 Texas. Native beef steers 5.75 to 8.75, cows 4.75 to 8.50, stockers 5.25 to 7.75, Texas steers 6.25 to 8.25, calves 5.00 to 6.50. Hogs receipts 3400, market lower with pigs 7.25 to 8.80, mixed 5.60 to 8.80, heavy 8.55. Sheep receipts 200, market steady with native muttons 4.25 to 4.75, lambs 5.00 to 6.50, spring lambs 7.25 to 7.76.
Weather bulletin notes observations taken at 8 pm on Saturday. Data appears incomplete. No location or official station name provided. Further details needed for precise interpretation.
Fruit jobbers say demand is the largest ever for this season and supplies are tight after last spring’s California freeze. California shipments are small and lemons may top ten dollars per box by August. Northern markets pay high prices for lemons while Italian stock sells by shipload.
Cotton seed oil prices held steady with mixed bid levels across months and large late trading activity. Notable figures show July at around 7.83 with heavy August through October sales, while November through February quotes dip to the mid six dollar range. total direct sales reached about 7800 units. In St Louis wheat and corn quotes also shifted, with cash wheat near 95 to 98 cents, No 2 corn around 61 cents, and mixed futures quotes for July and September. Receipts and shipments data for flour, wheat, corn, and oats were reported for the day.
Commodity quotes show cash wheat with No 2 hard at 87 98 cents and No 3 red at 88 95 cents. Corn bids include No 2 mixed 69 69 1/2 cents and No 2 white 59 59 1/2 cents. Oats quote No 2 white 41 cents and No 2 mixed 39 1/2 cents. futures list July wheat 86 cents, Sept 86 6 cents, Dec 89 1/2 cents.
New York on June 21 reports no change in trade mood. The market opened 6 to 7 points higher and eased to close 1 to 4 points above previous. No 7 Rio quoted at 9 9 3/4. Havre up 0.5 franc while Hamburg gains 0.4 pfennig. Rio falls 0.65 reis and Santos 0.10 relia.
Visible supply figures weekly roundup shows September 1 to Friday data with spinners takings and exports. Prices for middling high this season and low, acreage and crop condition notes for May through September. Ginned totals listed to multiple dates ending with January and March, highlighting New Orleans market trends.
Rene J. Muller of the San Antonio Cotton Exchange says a Texas conference adopted strict standard sizes and procedures for cotton bales. The 27 by 54 inch gin box becomes the norm with a $1 charge for larger bases. Receipts will detail condition and markings, guaranteeing delivery to mills or manufacturers.
June reports list arrivals and clearnings at multiple ports. Occudente from New York arrives, Pan American from Tampico docks, and Philadelphia from New York heads to Southampton, with Baltis and Sierra Nevada also arriving in Europe bound and Havre respectively.
Close prime mercantile paper at 6 percent. Sterling exchange steady with bankers bills at 4.88 for 60 day bills and about 4.86 to 4.85 for demand. Commercial bills 4.82. Bar silver 58 cents. Mexican dollars 48 cents. Government bonds steady, railroad bonds heavy.
Rains the past week brightened range conditions across the southwest boosting expected light stock runs from Texas and Oklahoma. Markets showed generally steady to firm prices with beef steers around 5.50 to 6.00 per hundredweight, cows 3.60 to 5.50, bulls 3.75 to 4.26, calves 4.00 to 6.50, hogs 7.50 to 8.75, sheep 3.50 to 4.00, and goats 3.00 to 3.50 as Fort Worth and Chicago reports shaped bullish expectations for restocking the region.
Chicago reports receipts of 9000 hogs and 3000 sheep with a slow market. Hog prices ranged from 8.25 to 8.77 per hundredweight, with pigs at 8.50. Cattle receipts about 200 with steady tone. beeves 7.20 to 9.06, Texas steers 6.90 to 8.00, stockers 5.90 to 8.50, cows and heifers 3.80 to 8.40, calves 6.75 to 9.50. Sheep receipts 3000, market weak. native lambs 4.60 to 5.60, yearlings 5.40 to 6.40, native lambs 5.10 to 6.75, springs 6.25 to 7.50.
Kansas City reports June 321 receipts with hogs at 8.60 to 8.75 for bulk to packers and butchers and pigs from 7.00 to 8.00. Cattle receipts total 200 with dressed beef steers 7.50 to 8.25 and cows 4.86 to 7.25. calves 8.75 to 9.60. Sheep receipts none with lambs 6.25 to 7.75 and yearlings 5.00 to 6.25.
Chicago on June 21 reports Butter receipts at 18 123 cases and prices for potatoes up to 66 90 per cwt with 20 cars received while old trades stay unchanged. Poultry prices remain steady as market notes limited activity and cautious demand.
New York gains 5 to 18 points and New Orleans 9 to 22 points while Liverpool shows uneven shifts. Market analysis notes light New York stocks, steady world spinners demand, and limited impact from Fall River mill shutdowns and tariff news. Despite strength, overall conditions remain cautious with no major shifts in June crop prospects.
The cotton market closed in New York on June 1 with prices for the week showing gains of 6 to 18 points compared with last week. The report outlines the week’s closing levels and the comparative results.
Spot cotton unchanged and dull with middling fair at 7.3874 cents per pound and good middling 7.034. Middling 6.79, low middling 6.684, good ordinary 6.214, ordinary 5.874. Sales 4000 bales including 3300 American and 300 for speculation and export. Receipts 8000, no American.
Futures closed easy with a list of calendar spreads from June to May in Liverpool. Key quotes show June June 6.59d and successive rolled values across months, ending with May-June 6.254 as futures drifted lower.
New Orleans reports spot cotton steady with middling at 12 9 16 cents. Sales total 31 bales with no arrivals. Receipts list 378 bales and stock at 63,531. Various grades priced nominally or with small cents values.
Houston dispatch notes the spot market holds steady with overall declines, 116 cents down in sales, shipments of 893 bales and stock at 54,611 bales. Grades show low ordinary seven percent, ordinary eight, good ordinary ten, low middling eleven, middling and good middling around twelve, with middling fair as indicated.
Galveston reports spot cotton closing quiet and unchanged with 867 bales received and stock at 67 142. New York shows spot cotton quiet with middling uplands at 12.40 and gulf at 12.65, no sales.
Quotations today show cash wheat mixed with no 2 red at 1.00 to 1.04, No 2 hard 98 4 to 93 75 cents, No 1 northern 91 5 cents, No 2 northern 94 cents, and durum 91 cents. Corn bids range from 61 to 62 cents for No 2 varieties, oats from 39 to 42 ½ cents.
Bradstreet's review says sentiment exceeds actual business with multiple favorable signs. Stocks deemed starved, textile prices likely priced in tariff effects, crop prospects optimistic, and financial conditions improving. Midseason caution remains as banks guard against strain when crop movement begins. Current account distribution active, retail trade aided by warm weather, overall trade larger than last year. Week ending June 19 saw 235 business failures, 266 in 1912, plus 24 in Canada.
The June weekly statement shows clearing house banks and trust companies hold 43.8 million dollars in excess of legal reserves, up 4.997 million from last week. Loans total 1.894 billion, with pounds of changes across securities, circulation, and cash reserves. Trust company reserves stand at 68.58 million in vaults, aggregate cash reserve 442.862 million. Outside Greater New York banks show declines in loans and other items.
The balance of the spring wool clip in warehouses here was sold today by commission men to eastern buyers at about 12 cents per pound, down 8 to 9 cents from last year. The spring clip stored locally totals nearly two million pounds.
In St Louis on June 21 quotations cover chickens at 13 cents, springs 20 cents, turkeys 16 cents, ducks 11 cents, geese 11 cents, creamery butter 27 cents, and eggs 16 cents.
Chicago June 21 Wheat market showed quiet demand with shorts covering and occasional sellers. July deliveries trembled toward tightness as new crop supply entered. cash sales remained weak and outside markets dipped. Rain fed regions like Southern Illinois and parts of the corn belt sought moisture while Northern Illinois, Iowa and Nebraska saw rain. Lard strengthened, supporting pork and rib markets despite limited business.
Chicago grain market ends steady as weekly price range is reported. New York Produce Exchange notes Bigge steady with receipts totaling 14,646 cases.
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