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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 03, 1914
Page
15
The stock market rose as Mexico mediation prospects emerged, with short covering and London optimism lifting shares. U S Steel posted a multimillion dollar deficit, while money rates eased as fears of war diminished and crop and railroad earnings improved.
Cotton region bulletin from San Antonio reports fair weather with western cloudiness and below normal temperatures for the Houston district. rainfall at Altus Oklahoma noted. New York prices list raw sugar and butter firm, eggs up, cheese down. potatoes and poultry mixed. Also notes arrival of Kaiserin Auguste Victoria and a stray question about Coshuila fair and Roosevelt trade query.
Market notes show dull metal trading in New York with prices near $14.87 and $14.00, while Kansas City lists varied Quotations for dairy Butter Creamery firsts seconds and packing. The piece also includes brief humorous quotes and a note on lodgepole pine seeds sprouting in Idaho after snow melt with dense growth.
The New York clearing house shows a weekly rise in bank cash reserves of 6.23 million dollars bringing total excess over legal requirements to 36.49 million. Loans declined by 10.5 million while specie rose by 7.55 million and net deposits fell by 10.32 million.
Dun and Bradstreet review notes mixed signals in early May with some trade improvements but a moderate recession in others. Weather delays curb retail distribution of perishables and outdoor work while building activity rises. wholesale lines tied to new construction remain quiet and price concessions appear in iron and steel. United States failures total 308 this week, 298 last week, and Canada 63 vs 64 a year ago.
Observation at 8 p m records air pressure at sea level Baks lines indicate equal pressure Isormerms lines show equal temperature for zero freezing 90 and 100 Clear pmtty cloudy rainy notes include missing remarks Max 81 min 69 average 75 normal 72 daily excess 3 for month deficit 0 total precipitation 7.61 inches Jan 1 to date Sun rises 6 51 am Sunsets 7 11 pm
The week saw steady wholesale markets with little price change for eggs butter and poultry. Eggs are stored in hundreds of cases for winter use as demand remains firm and storage prices stay similar to last year. Gasoline and coal oil prices fell with large producers curtailing output amid surplus and Mexican imports. Packers reduced meat prices earlier in the week with a late week rebound teased in pork prices.
A dense list of wholesale shop rates for eggs, poultry, butter, cheese, vegetables, fruits, and canned goods. Includes per dozen, per crate, or per hundredweight prices for items such as potatoes, tomatoes, onions, beans, citrus, coconuts, apples, and coffee. Ends with a generic want ad seeking a partner.
A dense list of historical prices for syrup flour canned meats dried fruits nuts corn oats hay and more. Includes maple syrup six dozen per dozen canning meats dried beans corn oats hay seed potatoes cane seed alfalfa seed and various hides with unit prices and ton or hundredweight scales.
On May 2 in New York print cloths were dull with orders below normal. Commission houses report weak demand for cotton goods while jobbers and converters remain active. Indications point to higher prices for woolens and worsted fabrics, the silk market stays quiet and ribbons trade is slow.
Quotations today show No 2 red 94 to 95 cents No 2 hard 91 to 92 cents Corn No 2 70 cents No 3 white 72 cents Oats No 3 40 cents No 2 white 41 cents
May 2 Union Stock Yards reports end of a nearly two week hog decline with higher packer quotations across leading centers. Week saw hog prices stabilize while cattle prices remained strong with cows around 66 per hundredweight and calves near 8.26. Fort Worth market notes Mexican cattle offerings. hogs top 8.20 with bulk 8.00 to 8.20. cattle receipts about 2600. sheep steady.
New York reports war scare fading as traders turn to cotton with the new crop. End-season movement seen near expectations but late Southwest start may reduce volume. spot and contract markets remain below last week. Southern mills eye purchases as bullish tones surface on possible 35 000 to 50 000 bales shipped from local stock.
New York May 2 futures closed steady with a week long range of losses from 3 to 25 points. The comparison and result follow.
Liverpool wires report futures quotes holding near unchanged with minor shifts from last week. May and June contracts hover around 6.8, July-August at 6.728, and August-September near 6.44, indicating a cautious trading stance ahead of December-January settlements.
On May 2 spot cotton prices were steady in New York New Orleans and Houston. Middling prices hovered around 180 in New York with 38 bales sold on spot and 224 arriving. New Orleans saw middling at 13¢ with 38 bales sold and 224 arriving while Houston reported 12 3/4¢ basis middling and 1610 bales sold on spot with no arrivals.
May 2 reports show hogs receipts 9000 with market strong. Bulk sales 8.30 to 8.35 dollars, others 8.15 to 8.50, pigs 7.10 to 9.05. Cattle receipts 100, market heavy. beeves 7.15 to 9.40, Texas steers 7.00 to 8.10, stockers 6.60 to 8.15, cows 8.60 to 8.50, calves 6.00 to 8.55. Sheep receipts 8500, market steady. natives 4.90 to 6.00, yearlings 5.40 to 6.35, native lambs 6.90 to 7.10.
Kansas City reports show cattle receipts at 100 with prime beef prices $8.69 to $9.15 and dressed beef steers $7.40 to $8. Southern steers bring $6.50 to $8.10, cows $6.75 to $9.99, and stockers $6.60 to $8.26. Pigs bring $7.50 to $8.00, hogs $8.30 total receipts $8,108.30. Sheep receipts none with lambs $6.25 to $8.10, yearlings 85 cents, wethers $5.50 to $6.76, ewes $34.50 to $96.
A terse item notes 600 bales of cotton to arrive with no shipments yet listed. It names Tex as origin and references sales figures, but provides few other details.
St Louis May 2 receipts hogs about 8000 and market higher. Pigs sold 7.00 to 8.50 with good heavies 8.25 to 8.45. Cattle receipts about 600 and market steady with native beef steers 7.50 to 8.25, cows and heifers 4.26 to 9.00, stockers 6.00 to 8.00, Texas Oklahoma stock cattle 5.76 to 8.00, cows and heifers 4.50 to 6.00, native calves 6.00 to 9.60. Sheep receipts large with muttons and other categories mentioned but legibility imperfect.
Memphis market reports a prime basis of 14 cents and a meal price of 0.00 while linters rise 24 percent. New York notes a higher week end with cotton seed figures and coffee futures show July at 60 and September at 8.82.
Kansas reports wheat conditions at 86.8 percent on 8.33 million acres, signaling a 1914 yield near 186 million bushels. Corn area may shrink due to large wheat acreage. moisture improves in eastern regions while pests are scarce and plowing conditions favor rapid planting.
Kansas City and Chicago market notes show cash wheat and corn prices with varied bids. Kansas City lists No 2 hard wheat around 8 to 90 cents, No 2 mixed corn near 10 to 12 cents, oats around 39 to 40 cents. Chicago reports No 3 red spring and No 2 northern wheat bids in mid 90s with no oats or corn quotes. A stray item mentions a 32 ton motor propelled poster carrier.
Chicago grain closed the week with oats and wheat retreating despite late strength in stocks. May wheat opened at 2 1/2 cents and finished 82 3/4 cents, while oats fell to 87 cents and pork products tumbled with lower hog prices across packing centers.
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