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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 09, 1913
Page
17
Scarcity of offerings lifts wheat prices in Chicago with July showing wide swings from initial lower figures to around 89 cents. Corn gains on Argentine damage reports while July corn climbs to 56.5 cents. Provisions trade light with mixed opening, May and July contracts finishing higher on buying pressure and export demand.
Quotations in Chicago on May 9 show mixed wheat values with No 2 hard at 92 to 92 1/2 cents, No 1 northern 92 to 93, No 2 northern 91 to 91 1/2, and various other grades ranging from 35 to 57 cents.
Prices for wheat and corn quoted in Kansas City today with bids for No 2 hard and No 2 red flour. Wheat May 83 3 4c, July 85 3 4c, Sept 83 3 4c. Corn May 56 1 2c, July 55 3 4c, Sept 54 1 2c. Oats May 36 1 2c, July 34 1 4c, Sept 34c. Receipts yesterday include 58 000 bushels wheat, 18 000 corn, 8 000 oats. Shipments were 67 000 wheat, 47 000 corn, 8 000 oats.
Staunch market news from St. Louis shows cash wheat firm at 1.00 to 1.07 for No 2 red and 89 1 2 to 92 c for No 2 hard. Corn No 2 at 57 1 2 c and No 2 white at 60 c, oats mostly 35 to 37 1 2 c. Futures: Wheat July 87 87 1 2 c, Sept 87 3 4 c. Corn July 64 4 c, Sept 56 1 2 c. Oats July 34 1 2 c, Sept 23 1 2 c. Receipts yesterday include flour 10 000 barrels, wheat 68 000 bushels, corn 61 000 bushels, oats 46 000 bushels. Shipments show flour 8 000 barrels, wheat 64 000 bushels, corn 20 000 bushels, oats 5 000 bushels.
Butter eggs and poultry unchanged in Kansas City markets as of May 9. No price shifts reported for butter or eggs, while poultry markets held steady with no new price movements.
Birth notices list six families welcoming new children this May. Ed and Ethel Hudson announce a daughter at 408 West Johnson. J B Pedilla reports a son at 725 Nogalitos. Albert Kuebel greeting a daughter at 806 Thompson Place. J Martinez with a daughter at 946 Ruiz. C L Meadows at 388 Regent delivers a daughter. Charles F Toepperwein reports a son at 132 East Josephine.
Burial permits issued for Mrs. Carolina Perner 79 who died in May at 719 Chestnut Street Emiteria Cabasos 49 who died May 7 at 817 South Brazos Street Frank P Baldwin 42 who died May 4 at Bexar County Hospital Walter Granfield 52 who died May 6 of 344 East Mitchell Street Local officials filed the death notices.
No. 3571 Mrs. William Brendle 124 Mason Street. No. 8572 Joseph Murrey 3020 West Commerce Street.
Mary Kottier files permits for street repairs on Claudia R. Gonzales store bearing a $700 building cost in El Paso, seeking authorization for structural repairs and improvements.
Government estimates place Texas wheat conditions at two percent below average while overall state reports show varied yields across the region. The census indicates conditions trailing behind the national norm with other states differing in crop health.
Max Goldsmith of Mene Manufacturing Company New Orleans attends the Cotton Seed Crushers convention and visits the Cotton Exchange floor. Anticipated prices for bagging and ties likely rise next week, with patches up a cent from last season. Second-hand compress supplies up 3 1 3 percent. Mills expect ample stock this year after last season’s strain. Other floor visitors include H Samuels Houston Jonas Friedlander Fort Worth and J Marcado Houston.
The belt weather is generally fair and the temperature is nearly normal. Rainfall of an inch or more reported at Camak Georgia. Allen Buell, Local Forecaster, Weather Bureau notes minimum temperatures for the last 12 hours and states they are not used in computing Houston district averages.
Chicago May 9 receipts and quotations show hogs with strong cash demand and higher values across classes. Bulk sales 8.40 to 8.50, sows and pigs around 7.95 to 8.15. cattle receipts 600, market dull with beeves 7.20 to 9.00 and calves 6.50 to 9.25. sheep receipts 4000 and market steady with natives 5.75 to 6.90 and yearlings 6.25 to 7.65, native lambs 6.25 to 8.46.
Copper dull with spot at 69 pounds 2s 6d and futures 69 pounds 1s 3d. Tin dull with spot 230 pounds and futures 222 pounds. Lead at 25 pounds 10s. Iron: Cleveland warrants 67s $4.
Market notes show cotton seed, lards, and cotton oils rising as demand strains supply. Wholesalers lift prices while mills resist concessions, and coffee shipments from Brazil face strong demand after government sale attempts. Oyster pack forecast cuts output and raises canning prices, with jobbers anticipating higher shrimp pricing as well.
Prices to retailer cover eggs poultry butter cheese and vegetables with dozens of items. Fresh country eggs at 11 6 cents a dozen, large hens 6 to 6 50 per dozen, turkeys 16 1 cent per pound, creamery butter 80 cents a pound, Cali and Texas vegetables with crates and weights. Fruits include apples and grapes with multiple box and crate prices across California and Missouri origins. Also listed are meats lard canned goods nuts rice and syrups with varied case and can prices.
Market list outlines prices for dried fruits like peaches pears figs apples and citrus peels, cereals flour meal and corn and oats. It notes price per barrel bag or box and carload bulk terms for commodities including navy beans blackeye peas lima beans corn oats and raisins with various package sizes and crown numbers.
Quotations were lower on creamery butter at 24 to 25 cents and eggs unchanged. Receipts totaled about 26 180. Potatoes eased with 53 car lots from Michigan at 40 to 46 cents, Minnesota 40 to 40 cents, Wisconsin 25 to 45 cents. Poultry prices for Alice were lower with chickens and springs at 17 cents.
A dense record of property transfers from 1912 to 1918 shows numerous deeds across Gardendale Los Angeles Heights Melrose Gardens Riverside Park and West End. Notable entries include E Flores to A F de Cruz for lots 66 and 57 in block 2208 Gardendale valued at 300 and R J Farrell to Fred Green for lot 11 block 1179 priced at 100.
Union Stock Yards reports a light market session with only 60 cattle and a few calves and hogs at noon. Receipts totaled about 5000 cattle through billing with no selling privileges, prices steady to firmer on hogs and calves, and calves selling mainly from 6 to 6.59 dollars.
Cattle receipts 3900 with beef steers down 25 to 35 cents over two days. Prices range 6.00 to 6.60 for bulls and calves mostly steady. Hogs rise 10 to 15 cents with late top 8.52 and bulk 8.35 to 8.50. Sheep and lambs slow and barely steady at Fort Worth market.
Cattle receipts 1900 with Texan cattle and cattle products steady market. Cows and heifers priced between 4.60 and 8.75 with Texas and Oklahoma steers 6.25 to 8.60. Hogs receipts 5000 with market rising. pigs and lights 7.00 to 8.45. good heavies 8.20 to 8.30. Sheep receipts 2200 and market steady. lambs 7.00 to 8.50.
Receipts and quotations show cattle at 7.25 to 8.70 for native steers and 6.00 to 7.75 for southern steers with cows and heifers 4.60 to 7.60. Hog receipts 6000 with bulk 8.20 to 8.35 and heavy 8.15 to 8.30 and lights 8.25 to 8.40. Sheep receipts 10,000 with muttons 5.00 to 6.50 and range wethers and yearlings 5.50 to 7.26.
In New York markets this week sales of wide print cloths reached 400000 pieces and overall market tone was firmer. Men's wear agents offered spot goods at concessions while curtailment clauses appeared in sales notes.
New York opened steady with a 3 to 6 point gain as shorts grew anxious over reduced stocks after heavy yesterday clearances. Prices edged higher then eased into the weekend with a two to three point dip in later trading while spot middling uplands stayed around 12.00.
Market notes show May to Dec cotton futures posting steady openings and closes. Prices linger around 11.00 to 11.54 with varied daily highs and lows in a narrow trading range.
Market opened steady with a four to five point advance as lack of rain in the eastern cotton belt and strong Liverpool cables supported futures. By noon prices edged down 1 to 2 points from yesterday, then settled 4 to 5 points under yesterday's final at 2 pm amid mixed futures activity and profit taking.
In New Orleans on May 9 cotton futures started steady with May at 12.16 bid and Sept around 11.26 28, with other months mixed before closing steady and down 2 to 3 points. Trading data shows bids and asks for Jan through Dec contracts and scattered intraday highs and lows.
Liverpool May 9 Cotton spot quiet with steady prices led by Middling Fair at 7.224 and Good Middling 6.884. Middling 6.684, Low Middling 6.544, Good Ordinary 6.20d, Ordinary 6.86d. Sales 6000 bales including 300 for speculation and export and 4500 American. No receipts.
Futures in Liverpool opened quiet and closed very steady with various May to April contracts listed. Shown are May, June, July, August and subsequent spread figures reflecting subtle drift in forward prices.
Report from major markets shows New York at middling 12.00, New Orleans 12%6, Houston 12c, Galveston 112%e0, Liverpool 6.65, Memphis 12 0. The brief lists assorted middling quotations across U S and international hubs.
Spot cotton quiet with 1-16 off middling 12.75 to 12.95 per pound. Sales on spot 920 to arrive 167. Receipts 1053 bales. Stock 72,298 bales. Various grades listed with nominal changes and prices.
Spot cotton in Galveston May 9 closed steady dropping 1 16 cents. Sales totaled 987 bales free on board while stock reached 127,406 bales. Receipts were 2,265 bales with price ranges from low ordinary at 7 8 cents to middling fair at 12 cents.
Houston reports a quiet unchanged spot market. Shipments total 2027 bales, stock 87,440 bales. Prices listed: low ordinary 7.5c, ordinary 8c, good ordinary 9c, low middling 11c, mid dulling 12c, good middling 12c, middling fair 12c. Market closed Saturday due to a member's death.
New York May 9 spot cotton closed steady with middling uplands at 12 and dogul f 12.25. Sales reached 6046 bales as buyers maintained cautious bidding in a quiet market.
Spot cotton in Memphis remains steady at middling 12c. In New York, coffee futures steady with No 7 Rio at 11 1/4c for July and 11 43/4c for December.
New York money rates show little change despite gold engagements and expected future moves. Credit remains abundant for ordinary mercantile and industrial activity, but there is virtually no new capital for fixed investments. Subscriptions to attractive securities draw on funds from other issues, pressuring older classes to fund newer ones. The market for high grade bonds is described as scratching along bottom, with seasoned older securities favored for safety and income.
Destructive grasshoppers threaten crops in parts of Texas. State entomologist Professor E. E. Scholl says a circular on this pest with tested remedies is being prepared. Farmers affected or anticipating outbreaks are urged to request the circular from the Department of Agriculture to destroy the grasshoppers before major damage.
In Memphis on May 9 prime basis of 6.10d and meal at 38, linters 2 3 4 cents. In New York the cotton seed oil market closed steady with spot at 6.91 to 7.00, May 6.92 6.94, June 6.92 6.95, July 6.97 6.98, August 7.02 7.04, September 7.02 7.03, October 6.69 6.70, November 6.40, December 6.35. Sales occurred across multiple months with 8800 total.
Savannah Georgia May 9 prices of all grades of resins were advanced on the floor of the local board of trade. An increase of ten cents per barrel applied to all resins gradings and above with one exception. All lower grades were raised similarly. Representatives of naval stores factors met and completed a reorganization, marking the first notable advance since.
New York markets show Prime mercantile paper at 5.6 percent. Sterling exchange weak with bankers bills around 4.82 and 95 for 60 day bills and at Sie for demand. Commercial bills 4.82. Bar silver 60 cents. Mexican dollars 48 cents. Government bonds steady, railroad bonds irregular.
New Orleans market summary shows receipts 5610 with Honduras grain at 34 514c and 453 sold, Japan 204 at 38 16. Quotations list Rough Honduras at 2.50 to 4.26, Japan at 35.0, clean Honduras 44 percent at 5 cents and Japan 3 percent at 4kc.
On May 9 in New York raw sugar trends downward for Muscovado at 2.83 and 86, centrifuga at 3.33 36, molasses sugar at 2.58 61. Refined sugar remains steady along with petroleum and molasses. Hides quiet while leather maintains firmness.
Market brief from St Louis dated May 9 lists chicken prices at 15 cents, springs 15c, turkeys 16c, ducks 12c, geese 10c, butter Creamery 24 to 38c, eggs 1 cent.
New York traders report No. 7 Rio coffee at 11 percent in the May market with futures steady. July contract at 11.17 and December at 11.35 mark a cautious trading tone amid price movements.
An New York report notes egg receipts totaling 27 220 cases as crowds are invited to visit Pancoast Morgan at 306 8 East Houston Street to view show windows and learn about the Yet Prize Contest inside the store.
New York stocks began the day weak as traders shrugged off yesterday's crop report but soon rallied after covering positions. Reading, Union Pacific and Southern Pacific led gains, while New York Central and United States Steel faced expectations of weaker tonnage. Bonds were easier as Canada Pacific and C&O joined declines in early trading.
On May 9 in New York money on call remained steady with ruling bid at 2 ½ percent and offers at 3 percent. Time loans were easy with 60 days at 3 ½ percent and six months at 4 percent, while 90 days showed 4 ¼ percent.
The report lists spot and future prices for copper, tin, lead, zinc and antimony in New York, with May June and July maturity values. Copper trades around 15.25 to 15.50, tin near 14.78 to 15.87, lead around 4.30, spelter about 4.45 to 4.55, and antimony steady at quiet levels with Cookson’s price noted.
In St. Louis on May 9 lead traded at 4.22 percent, with spelter marked at 5.35. The report lists metal prices in an economy update from the local market desk.
The Christian Science Monitor notes fishermen in Yucatan recover carved stones and gold objects from the sea suggesting a vanished ancient civilization once spanning the Gulf and Caribbean. Bernard Meekham leads a British expedition to probe submerged sites with dry dock and submarines aiming to prove a linked Atlantis like culture.
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