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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 29, 1913
Page
17
After a weekly rise on short covering the market drifted lower with little movement. Bank reserves fell by 1.3 million while loans and deposits rose, shrinking surplus reserves to 36.27 million. Union Pacific led Saturday trading with gains on government rail agreement hopes.
The 24 hour ending 8 am includes fair weather with showers in the southwest belt. Temperature near normal with rainfall of an inch or more at Kingstree, Bastaree C, Brenham, and Corpus Christi. Allen Buell, Local Forecaster, Weather Bureau.
In New York on June 88 traders reported steady sterling with bankers bills at 4.8810 for 60 days and 4.84675 for demand. Commercial dollar at 4.823. Bar silver at 58 1 2 cents. Government and railroad bonds remained steady.
Copper and tin move easily with spot prices around 63 pounds sterling per unit and futures near 63 34. Spelter, lead, and iron show firm quotes with Cleveland warrants at 45 64 and steel at 19.
On June 28 metals were dull with narrow spreads. Lake copper traded around 14.87 to 15.25, electrolytic copper 14.75 to 15.00, and costs 14.50 to 14.87. Iron firmness varied with No. 1 northern 16.25 to 16.50 and No. 1 southern types 15.00 to 15.50.
New York reports money on call nominal with no loans. Time loans hold steady for 60 days at 3 percent, 90 days at 3 to 4 percent, and six months at 5 percent as of June 26.
The New York chart houses and trust companies report a reserve excess of 35,272,250 dollars, down 8,537,400 from last week. Total loans rise to 1,922,657,000 with specie and legal tenders dipping, deposits increasing, and circulating notes easing by week’s end.
The New York coffee market opened 1 to 9 points lower and traded unsettled with a 9 to 11 point net decline on active months before partially recovering. Havre and Hamburg edged lower while Brazilian markets held steady. Total sales reached 21,500 bags.
BRIGHT HEADS STOCKMEN 8ST. JOSEPH, Mo, June 28. M. A. Bright of St. Louis was elected president of the National Live Stock Exchange. St. Paul was chosen as next year’s meet place. W. A. Woody of St. Louis was re elected treasurer and EB. F. Erwin of St. Joseph was secretary. A vice president from each livestock market was elected, including William Burnett of Louisville.
New York on June 28 reports refiners trading at 4.30 cents per pound for fine granulated sugar. Spot raw sugar holds at $8 per cent for centrifugal, 2.86 for Muscovado, and 2.16 for molasses. European beet sugar prices shown at 9s 8½d for June and July beets and 9s 6¾d for August beets.
In St Louis on June 28 cattle receipts reach 650 with 800 Texans and steady prices. Native beef steers bring 5.75 to 7.75, Texas cattle 6.25 to 8, calves 5 to 6.50. hogs numbering 6500 steady with pigs and sowing at 7.26 to 8.75. sheep receipts around 600 with native mutton 4.25 to 5 and lambs 5 to 6, spring lambs 7.25 to 8.00.
In New York on June 28 trading, No. 7 Rio coffee reached 9 percent with futures closing steady. July futures stood at 9.40 and December at 9.84 per unit.
Rain drenched the southwestern state, moistening fields and boosting crop prospects. Farmers expect a dry spell to hasten picking with the first cotton bale due by July 10, five days later than last year. Lemon prices rise to $10 a box while potato supplies tighten and carrot purchases surge in South Texas.
A scrambled listing of retail market prices across eggs cheese meats canned goods and produce. Items include fresh eggs at 16 to 17 cents per dozen large hens 45 cents per dozen medium hens 4.00 to 4.50, turkeys 12 to 1éc per pound, cheese 11 percent 180 per pound, butter 4 cents per pound, and a wide range of fruits vegetables and canned goods with per crate per bushel per box and per dozen pricing.
A fragmented ledger of grocery items with prices for salmon, herring, nuts, flour, beans, corn, sugar, coffee, canned vegetables, seeds, fruits, and more. It lists item names, weights, and per unit or per hundred weight pricing across multiple categories and brands. The text reads like a historical price sheet or marketplace catalog.
Butter weak and creamery values listed. Eggs steady with 14,847 cases received and varied potato prices across regions from New 80 to 60 5c and Old 16 20c with several car receipts. Poultry stable as Kansas City and St. Louis markets show new potato weakness and regional price moves including Triumphs and Caney values.
Kansas City report notes butter cheese and poultry prices held steady with no change observed on June 28.
New York June 88 dull price action with irregular and mostly unchanged quotes for produce as receipts total 12 681 with few notable movements among items and traders watching prompt demand.
Galveston reports arrivals and clearances of multiple steamers including EH Mundo Prometheus and Lord Downshire with routes to New York Rotterdam Hamburg and Ponce. Entries list vessels arriving at Cherbourg Rotterdam Liverpool Southampton New York Havre Naples and other ports with dates noted as June 28.
Union Stock Yards reports the past week saw 129200 cattle 218712 calves and 109960 sheep across Fort Worth Chicago Kansas City St Louis and Oklahoma City with receipts moderate and prices steady and attractive. rains improved range prospects aiding restocking and ranchers hold leverage as packers face closer high price quotations for cattle. Fat cows are in urgent demand while calves command 4 to 6.50 each with some as high as 7.50 to 8.00.
Fort Worth Texas June 28 Lack of receipts marked the Saturday market with no hogs arriving by rail and only twelve head by wagon. About 600 cattle and 100 calves were shown many Mexicans on Texas grass. Cattle sold steady with Mexican steers $4.85 cows $4.26 to $4.50 calves $4.25 to $4.75. Hogs scarce with a normal price range indicated.
Chicago live stock market today shows hog receipts at 11 000 with mixed to heavy trade and prices from 8.55 to 8.90 for various grades. Cattle receipts 2000 with Reeves 7.20 to 9.00, Texas steers 6.90 to 8.10, cows and heifers 3.90 to 8.50, calves 6.50 to 9.25. Sheep receipts 12 000 with a weak market. native lambs 5.60 to 1.40 and springs 6.60.
Kansas City reports today show hog receipts of 1000 with a steady market. Bulk sales range eight sixty five to eight seventy, heavy hogs eight thirty eight to eight seventy, pigs seven fifty to eight twenty five. Cattle receipts 5000 with 400 southerns. prime fed steers eight forty to eight seventy five, dressed beef steers seven twenty five to eight thirty five, cows four forty to seven twenty five, holfers six to eight fifty five. Sheep receipts none with steady market. lambs seven to seven seventy five, wethers four twenty five to five twenty five, ewes four to?
New York June 28 The week end review notes stronger conditions in the global cotton market with New Orleans and other ports showing gains. Dry weather supports root development while the July report may show only fractional improvement. The American crop remains key for future prices and balance of trade.
New York reports the weekly cotton market fluctuating 4 points higher to 4 points lower from the prior week. New Orleans closes steady with futures up 2 to 16 points. Cotton statistics show state and port stock totals, interior towns, Liverpool stocks, and American afloat figures with year over year comparisons.
Liverpool June 28 spot prices show Middling fair at 7.38, good middling 7.00, low middling 6.64, and lower grades ranging to 5.80. Sales of about 6,000 bales, including 1,200 for delivery and 30 for speculation. receipts include 1,800 American bales.
The article reports barely steady futures in Liverpool on June 28 with various month pairings and rates quoted, including June at 6.56 percent and multiple six plus decimal figures for successive contracts from June through June.
New Orleans on June 28 shows quiet steady cotton spot with prices ranging from low ordinary to strict good middling. Spot bales on hand total 96 awaiting arrivals and weekly receipts reach 572 while stock stands at 48 748.
In Houston on June 38 the spot market finished dull and unchanged, with sales and shipments steady at about 1040 stock and 45 units reported.
Galveston Texas June 28 spot cotton closed firm unchanged with 576 bales for delivery f o b none. Stock 45 316 bales receipts 604 bales.
Spot cotton prices in New York on June 28 show a quiet market with an uptick of 20 points. Middling uplands quoted at 12.50 and do gulf at 12.75 with no sales recorded.
The Memphis market reports spot cotton steady with middling prices unchanged. A fragment notes a conversation about business profitability and plans to sell all positions to the public in the future, indicating investor concerns.
The weekly cotton movement fell by 4000 bales versus last year, bringing season total to 2,184,000 bales short of goals. June figures show 25,000 bales under last year, with gains versus 1911. Foreign exports the week total 39,839 bales, contributing to a 1,264,000 bale season decline.
Exports for the week bring in 9 500 dollars, while the same week last year stood at 20 232 dollars. Cumulative exports since September 1 total 8 176 842 dollars, compared with 10 145 349 dollars for the same date last year.
The report lists regional and sector earnings with figures for Egypt United States and other areas. It notes season totals, adjusted deductions, and stock corrections affecting New York entries.
Chicago reports indicate farmers rush to sell grain before new crops, while Southwest droughts and heat raise crop fears. Kansas oats at 49 percent normal surprise bears. wheat and corn show mixed responses as hot, dry weather persists. Hog and meat stocks rise with June demand, signaling broad market activity.
Chicago cash grain prices for June 28 show wheat varying by grade with No 2 red at around 98c, No 2 hard near 96 98c, No 1 Northern 93 95c, No 3 Northern 92 94c, and durum 91 96c. Corn ranges include No 2 at 62 62c, No 2 yellow about 62 63c, and No 3 white near 43c, with additional quotes scattered across listed grades.
June 28. Cash wheat trends show 2 red 97 1 4e for No 3 hard. Corn prices at No 1 62 63e with July wheat at 81 e and July corn at 61 % . Oats July at 40e. Receipts yesterday total 23 000 corn 48 000 oats 0 84 008. Shipments list flour 000 wheat 8 000 corn 72 600 oats 26 000.
Cash wheat and corn prices noted for No 2 hard No 3 red and No 2 white contracts with July September and December dates. Receipts yesterday show 52000 wheat 24000 corn and 700 oats while shipments total 84000 wheat 14000 corn and 2000 oats.
In Memphis on June 28 the prime bar age price stood at 6.80 to 6.81 dollars per unit, meal at 28.76 dollars, and linters at 3.5 percent.
The New York cotton seed oil market closed strong with spot at $8.40 bid and multiple forward prices listed. July to December contracts show varied bids. total sales reached 15,400 with substantial activity in July August and September. ST Louis metal prices show lead and spelter ranges, with steel trades noted.
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