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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 10, 1914
Page
15
New York May 9 report shows stock market listless with minimal outside trade. Money market loans ease while a million dollars more gold for Paris boosts liquidity. Paris and London caution amid Ulster tensions as U S Steel notes slow business and lower tonnage.
The report notes a dull end to the New York Stock Exchange session with minimal price movement. It records the United States Steel Corporation unfilled tonnage for April at 4,277,068 tons, down 376,757 tons from March, alongside metal market dullness and copper prices around 14.12 to 14.11 per unit.
The weather in the Cotton Region is generally fair with below normal temperatures. Goldsboro, North Carolina reports a temperature below normal and rainfall measured at Take City of 1.10 inches according to Allen Buell, Local Forecaster, Weather Bureau.
Government officials estimate 1 350 000 horsepower wasted daily by coke ovens in the United States as the Kansas City press notes market chatter and a light want ad seeks painters and paperhangers amid steady butter and poultry prices in a May issue.
New York report from May 9 notes excellent crop prospects likely the best for the season. Trade shows modest expansion mainly westward while industrial lines remain slow and prices uncertain. Failures rise to 285 vs 243 last year. wheat exports and bank clearings show declines and seasonally slow country trade.
New wool arrivals attract steady buying in Boston with domestic wools selling at quoted levels. Foreign wools move well as cross breds find markets, buoyed by London strength. Missouri three eighths blood and Kentucky three eighths and half blood unwashed quoted 24 to 24 1/4 cents. Texas fine 12 months 57 to 58 cents, fine six to eight months 50 2 cents, fine fall 45 to 46 1/2 cents.
The New York clearing house banks and trust companies report a reserve excess of 41.68 million dollars this week, up 5.20 million from last week. Loans total 226.99 million with a 912 thousand decrease. specie 432.49 million, up 4.88 million. deposits 2.05 billion, up 9.01 million.
Chicago market notes show butter steady and cheese unchanged while potatoes edge lower. Receipts total 21 727 cases with mixed per unit prices including 18 percent and 17 percent marks. vegetables and other staples show varied but mostly steady signals for the day.
Observations taken at 8 p m show air pressure at sea level. Isotherms pass through points of equal temperature. Sky conditions range from clear to partly cloudy with precipitation of .01 inch or more in some areas. Temperature high 85, low 61, average 78. Month shows zero total precipitation, normal .12 inch, daily deficit .12 inch. Accumulated excess 22 from Jan 1, accumulated deficiency 15.
Wholesale markets show broad activity with steady prices for coffee sugar and dried goods. Dealers note lighter California black eye peas and tight wool stocks while a San Angelo mohair deal of about 90000 dollars signals ongoing market vigor amid tariff issues.
Market listings detail prices for poultry and dairy products, canned meats, dried fruits, nuts, and cereals. Entries cover oxen, turkeys, ducks, cheese, onions, tomatoes, strawberries, beans, raisins, corn, oats, wheat, hay, seeds, hides, wool, citrus, bananas, and coffee with per unit and per weight figures. Major buyers and suppliers are not named. prices reflect wholesale rates and grade differences.
Market reports from Union Stock Yards show hog prices recovering and sheep prices improving this week. In local yards, cows bring up to 6.00, calves 8.00, hogs 7.75, with sheep around 4.75 to 5.00 per hundred pounds, while calves hover near 6.00 amid favorable statewide range conditions and fattening cattle.
Fort Worth Texas May 2 receipts show about 1050 cattle 60 calves 600 hogs and 650 sheep sold Saturday. Prices ranged from 4.50 to 6.50 for cows and heifers from 6.00 to 7.25 for heifers and bulls 5.00 to 6.60. Best cattle brought about 8.35 with bulk at 8.20 to 8.25. Sheep trade nominally steady while overall market was steady to lower as buyers and sellers adjusted.
Receipts and steady markets announced for cattle and sheep in St Louis on May 9. Native steers sold from 7.50 to 9.25 per hundredweight with cows and heifers at 4.50 to 6.65, stockers 5.00 to 8.00, Texas Oklahoma steers 5.75 to 8.00, native calves 6.00 to 10.00. Sheep market steady with sheared muttons 4.25 to 5.65, lambs 6.25 to 7.50, yearlings 5.76 to 6.50, spring lambs 8.50 to 9.50.
Receipts and quotations show hogs at paige 1700 and mixed bulk prices 8.25. Cattle receipts 200 with prime fed steers 8.60 to 9.10 and dressed beef steers 7.50 to 8.50. Sheep receipts none with lambs 6.75 to 8.70 and wethers 5.25 to 7.00.
New Orleans trade notes rough Honduras and Japan rice steadiness. Clean Honduras and Japan show price ranges with daily receipts and sales figures. Rice with polish and bran per ton cited. pockets of Japan rice traded at bulk rates.
In New York on May 7, coffee prices showed steady movement with July futures at 4.68 and December figures noted, indicating a stable market sentiment for the period.
The cotton market posted 3 to 12 point gains across centers as demand abroad supports prices despite mixed domestic signals. New York and Liverpool saw modest firming while New Orleans and Houston reported higher values amid a narrow weekly range and steady May premiums.
New York week opening reports boot cotton closes steady with middling unchanged in sales none to arrive none.
The May wheat market rose on bearish government data, closing at 93¾ cents, with corn up 1½ cents to 66¾. Argentina heavy rains boosted corn, while oats slipped to 37 cents. pork futures eased, hogs rising earlier in the week but pork closed at 19.65.
Abe Cohen of A Cohen & Co reports a 265000 pound new mohair clip sale in San Angelo valued around 90900 dollars. The deal, first major spring purchase, includes 225000 pounds from Wool Growers Central Storage and 40000 pounds from Gilmore T. Gwin and others. Shipments head to Galveston then New York mills. Cohen notes dry weather lowered mohair quality vs last year while wool looks stronger.
In New Orleans on May 9 the spot price for base middling cotton remains 18 cents with sales totaling 400 bales. Arrivals and contracts show 165 bales expected and 1100 bales under contract. In Houston on May 9 spot cotton is unchanged at 18 cents with 1062 bales noted in the market.
Galveston Texas on May 9 reports spot cotton steady Middling at 18 cents with sales totaling 122 bales.
A dispatch reports 783 elk from Yellowstone Park have reached Hot Springs Virginia and parts of West Virginia in recent months. Lieutenant Colonel Lloyd M Brett notes annual shipments of 500 to 1000 could spread elk to smaller park herds while costs are borne by the requesting state or park. The Yellowstone herd stood at 32,229 in April, up from 30,101 the prior year, with shipment methods varying by destination and enclosure requirements.
Weekly cotton data totals show forwards of 86 000 bales with American 68 000 stock at 1 102 000 including 870 000 American imports 41 000 with American 20 000 and total exports 13 000. An assortment of light advertisements in the Houston Post seek furniture sales nurse and beauty items with jocular quotes about ignorance and public notices.
Kansas City May 9 cash grain closing prices show a week over week comparison. The report notes a contrast to last week with market activity and price levels indicating changes in demand and supply conditions.
Quotations listed for cash wheat and oats in St. Louis trading today. Wheat prices include No 2 red at 98 9 8 cents, No 2 hard 95 to 95 1/2 cents, No 2 70 cents, No 2 white 78 cents. oats quoted No 2 at 39 1/2 cents, No 2 white 39 40 cents.
An investigation shows varied reasons for scarcity and neglect of elements. Osmium is scarce in the crust, silicon is abundant yet underused, palladium may be controlled, while improvements in refining reduced aluminum and thorium costs. Neon offers potential for detecting Herzian waves and new gas applications hint at further discoveries.
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