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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 01, 1913
Page
9
U S stock market opened higher then slipped as heavy foreign market holdi ngs reduced confidence. New Haven fell to 103 while Illinois Central dipped to 113. After brief rallies on expected political clarity, the market contracted with many issues posting low records and rapid swings in both directions.
Washington on May 1 reports the states treasury balance at 72 million plus and the Philippine treasury at 44 million. General fund totals 141 million with yesterday’s receipts 2.0 million and disbursements 1.24 million. The fiscal year surplus stands at 8.8 million, down from 13.8 million last year. Panama Canal and public debt excluded.
Cripple Creek Colorado reports 80,852 tons of ore produced in the month ending yesterday with a gross bullion value of 1,194,232 dollars. The figure exceeds last month by 32,900 tons and shows higher valuation than April 1912.
New York on May 1 shows Monty on call steady at 243 percent with a 3 percent ruling rate and closing bid and offered at 2 percent. Time loans steady with 60 days at 4 percent, 90 days at 4 percent, and six months at 4 percent.
London on May 1 reports Consols for money at 74 9 16, do account 74 1 2 percent. Bar silver steady at 27 15 16d per ounce. Money 3 percent, discount for short bills and three months at 3 percent.
New York on May 1 reports prime mercantile paper at 50 percent. Sterling exchange steady with bills at 4.83.36 for 60 day and 4.86.80 for demand. Commercial bills 4.83. Silver at 60c per ounce, Mexican dollars 48c. Government bonds steady, railroad bonds irregular.
New Orleans on May 1 reports rice steady with receipts totaling 2416 clean and 787 clean Japan sold at 34% 3tzc. Quotations show clean Honduras at 44% 5¢c and Japan at 3% 4%e with rough rice omitted.
Wheat on May contracts anchored the session with 1,895,000 bushels moved into strong hands. May opened higher and rallied to 92 cents, while July ranged around 91 2/3 to 92 1/3 cents. Corn saw gains with May deliveries scattered. July opened flat to lower, later rising to 56 3/4 cents. Hog and pork futures posted mixed moves with cattle or pork values firming slightly, while May wheat closed weak at 14 1/4 cents and July at 91 1/2 cents, down about 4 cents.
Quoted prices include No 2 red wheat at 1.09 to 1.12 plus No 2 hard 92 to 94 cents. Corn No 2 at 58 cents, No 2 white 61 cents. Oats No 2 at 35 cents, No 2 white 37 cents. Receipts show wheat 70 000, corn 100 000, oats 44 000. Shipments listed for flour 28 000 barrels and various grain totals. May wheat closes at 91 1/2 cents, July 89 1/2. corn May 54 1/2, July 55 1/2. oats May 34 1/2, July 34.
Market quotes from Chicago on May 1 show mixed grain prices with No. 2 red wheat around 1.00 to 1.02 and No. 2 spring near 0.91 to 0.98. Corn and oats also posted varied figures with No. 2 yellow about 0.56 to 0.58 and No. 2 white oats near 0.37 to 0.37.
Quotations listed for wheat and corn varieties with prices. Receipts yesterday show 43 000 bushels of wheat, 45 000 of corn, 18 000 of oats. Shipments include 70 000 bushels of wheat, 40 000 of corn, 20 000 of oats. May and July futures for wheat, corn, and oats noted with small changes.
London copper steady at 67 pounds 2s 6d with futures same level. tin firm in London. lead and spelter mixed. New York copper firm with spot to July around 14.75 to 15.25. tin quiet with varying futures. lead firm at 4.45 bid. spelter soft. iron stable.
May 1 report shows lead at 4.87 and spelter at 5.45 in the St Louis metal market.
Reports show onions selling as low as 1 per crate and potatoes in a steady decline, easing living costs while meat prices remain higher than last year. Texas Bermuda onions, sturdy potato crops and limited Mexican imports shape a hopeful market, with sugar at 1 pound per dollar and modest coffee gains amid steady receipts.
Chicago May 1 price report shows butter firm at 26 cents per pound for creamery. eggs steady with 24,380 cases received, shell at 18 cents, ordinary firsts 17 cents, firsts 1 cent. potatoes unchanged with 25 car receipts. live poultry higher with chickens and springs at 47 cents.
In Kansas City on May 1 prices for butter eggs and poultry remained unchanged from prior listings. Retailers and suppliers held steady on product cost with no notable fluctuations reported.
A. F. Cook of the Department of Agriculture reports that distributing early maturing long staple upland cotton varieties could unlock a vast but untapped U S resource. He cautions full development requires major readjustments in the commercial and industrial sectors and predicts rising consumption if supply becomes regular and cheap.
Union Stock Yards May 1 reports light cattle supplies and firmer tones across Chicago Kansas City and St Louis while Fort Worth notes higher hog and sheep prices and steady cattle. Noon quotes show cows to 6.50 calves 7 hogs 8.50, with cattle 4.50 to 5 and calves 6 to 7. receipts include 767 cattle 497 calves 2 horses and 87 hogs.
Hogs were in demand and snapped up early on a five cent higher level with cars at 8.50 and others around 8.35 to 8.47. Cattle receipts about 6000 showed beef steers steady to active at 6.25 to 7.75, stocker steers 5.60 to 6.25, cows 4.00 to 6.00, bulls 4.00 to 5.50. Sheep receipts 1500. clipped wethers at 6.00 with other lambs modestly higher.
Chicago market summary shows hog receipts 15 000 with mixed and light hogs selling up to 8 75 per cwt and heavy hogs around 8 60. Cattle receipts 3 500 with steady market. Reeves and Texas steers range 6 70 to 8 90, stockers 6 00 to 8 00, cows 3 90 to 8 15, calves 6 50 to 9 50. Sheep receipts 14 000 and market strong. native lambs 6 50 to 8 80, yearlings 6 40 to 8 00.
May Day market update from Kansas City shows cattle receipts 1500 with native steers 6.5 to 8.75 and southern steers 6.25 to 8.00. Hogs receipts 6000 with bulk 8.35 to 8.50, heavy 8.40, lights 7.40 to 7.55, pigs 7.35 to 7.75. Sheep receipts 12,000 with muttons 5.00 to 6.75, wethers and yearlings 6.50 to 7.25, ewes 5.00 to 6.50.
Receipts today total 1600 cattle including 500 Texans with steady cattle prices. Native beef steers 5.75 to 9.00, Texas steers 6.25 to 8.50, Texas cows and heifers 4.00 to 7.00, calves 5.00 to 6.50. Hog receipts 7500 with higher prices. pigs and lights 7.00 to 8.70, good heavy 8.50 to 8.60. Sheep receipts 2000, market steady. native muttons 5.00 to 7.25, lambs 7.00.
New York opened firm with a 1.9 point rise on covering and bulls demand. Reports of smaller acreage gains and bullish near month view supported buying. selling by south traders cooled the gains but market remained steady noon to close with mixed 11 to 16 point net higher, middling uplands at 11.80 cents.
The New York market shows firm opening for cotton futures with bids across months from January at 11.07 to December around 11.08. Closing quotes remain steady with mixed intra day numbers and slight shifts across contracts.
New Orleans May 1. Cotton futures rise 11 to 17 points on rumor of Texas cold weather and short-covering. Private estimates of a 3.7 percent acreage increase spur fresh short sales. By midmorning prices gain 8 to 14 1/2 points, then hold steady near noon and rise 18 to 19 points above yesterday's close in afternoon trading.
Prices showed a steady start with January at 11.13 bid and May at 12.18 asked. The market closed steady with small advances, noting April and December quotes near 11.11 12 and 11.95 respectively, amid broader bid and ask spreads across months.
Spot cotton firm with moderate business at Liverpool. Prices range from good middling 7.14d to ordinary 6.78d. Sales totaled 10,000 bales, including 8600 American and 600 for speculation and export. Receipts 28,000, mostly American.
In Liverpool on May 1 futures opened steady and ended firm with May 6.88d. June contracts at 6.384. June July 6.3644. July August 6.34d. August September 6.24. September October 6.10d. October November 4344. November December 600%d. December January 6.99d. January February 5.99d. February March 6.004. March April 6.014.
New York middling 11 96c New Orleans middling 123-16c Houston middling 12c Galveston middling 12% Liverpool middling 6 804 Memphis middling 12%¢.
Spot cotton trades steady with middling at 123-16 cents and receipts totaling 612 bales. Stock across markets stands at 83,497 bales with various classifications listed including low and strict middling and middling fair categories.
Galveston on May 1 reports spot cotton closing steady with an increase of 14 cents. Quotations range from low ordinary 8 cents to good middling 12 cents with middling 12 1/2 and middling fair 13 cents. Sales tally 206, receipts 3230 bales, stock at 151,274 bales.
The spot market closed steady in Houston on May 1 with 1427 bales sold f o b. Prices ranged from 7 ½ to 12 ½ cents for grades from low ordinary to good middling. Shipments totaled 8690 bales. stock stood at 94,006 bales.
Memphis reports quiet cotton with Middling at 12 1/2 cents. New York spot prices show Middling uplands at 11.95 and gulf at 11.20 with 88 700 bales sold. The New York rug and carpet auction enters its second day with strong activity and prices above auction values, converters bought on 5 cent 39 inch 68x72s while jobbing trade stays quiet and silk stocks falter due to a prolonged strike.
New York May 1 reports show Bgegs firm steady with receipts totaling 25 175 cases as market activity remains unchanged in a brief trading note from New York produce commentary.
The belt weather remains largely normal with sali conditions and near normal temperatures. Allen Buell of the Local Forecaster Weather Bureau notes interior receipts show yesterday stock at 402,092 bales versus 79,822 last week and last year, with a season deficit of 86,26 bales.
Memphis reports prime basis oil at 6.10 and meal at 28. New York oil market closes easy with spot and various futures around 6.80 to 7.02 depending on month. Total cotton seed oil sales 20,100 with several lots traded. St Louis notes poultry prices: chickens 14 18 cents, turkeys 14 cents, ducks and geese at low single digits.
Galveston reports include arrival of the El Rio from New York and clearance of El Cid Lucerne from New York Hamburg. Other steamers listed sailing include Northwestern Tampico Asuncion de Larrinaga Manchester Concho and Gulfell. Cape Race notes La Lorraine Havre arrival and dock at New York. Port Arthur shows Thurland Castle Galveston and Larimer Bayonne departures. Queenstown notes Adriatic from New York due tonight.
April payroll for superintendent teachers officials and janitors totals 36613 86 with teachers 33717 35 janitors 2180 66 and officials 715 85. notices include Humane Society meeting 8 pm at Hicks building and a police shift change. Local ads promote Oxine Gas 15 cents per thousand, dance and smokers plus road plans and resignations at Alamo Victoria highway group.
The Diaz Sisters perform the prize waltz tonight at Exposition Park. Their music program highlights violin and piano pieces and attracts local audiences seeking lively ballroom entertainment.
A list of property transfers from 1910 to 1918 detailing buyers such as Julia Hack Elise Molsa J T Hall and others to sellers including F G Colegate R H Hall and firms like Missouri Kansas Texas Railroad Company. Amounts range from 5 to 4500 dollars with districts including West Laurel Heights Los Angeles Heights East End Lakeview and Hidalgo adds.
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