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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 18, 1914
Page
9
Wall Street opened higher with strong demand as settlement hopes for Mexico eased fears. Leading stocks jumped 1 2 points in early trading, shorts covered, then trading cooled by noon. Bonds were irregular and the market closed easier as Steel and Union Pacific helped lift some shares before a late sag.
Mercantile paper at 32 percent and 4 percent. Sterling exchange firm with 60 day bills at 4.865 and demand 4.88. Commercial paper quoted at 4.85. Bar silver 58 1 2 cents per ounce. Mexican dollars at 45. Government bonds described as firm, railroad bonds irregular.
Call money in New York on May 18 held steady at 1 to 2 percent with the ruling rate at 1 and two tenths percent. Time loans showed strength with 60 day at 2.4 percent, 90 days at 2.8 percent, and six months at 3 percent.
Lead quiet at 3.85 with sterling at 15s, spelter steady at 5.10, copper steady around 14.25 to 14.00 for casting, tin weak with spot 33.25 and futures 33.85, iron steady with No 1 northern 15.25 to 15.75 and No 2 southern 14.50 to 15.00, London prices steady in 63 pounds 3s 9d range, Cleveland iron warrants quoted.
Eastern and western elimination races pick teams for England’s motor boat trophy with national carnival set for August. Polo action in New York features Hal Phipps joining J M Waterbury D L Milburn and L Waterbury on the dominant first team defeating the second 10 1 2 to 5 before 5000 fans at Westbury. Captain Waterbury’s Conor throw-in goal in 14 seconds stands as season fast mark.
A Persian themed rehearsal for Rich ard Walton Tullys Omar the Tentmaker prompts a debate over proper Persian stage cues. The servant’s quiet greeting would have been the correct line, but the line was deemed the sole dramatic moment by the hopeful actor.
Brown Douglas and Blum analyze the New Orleans cotton outlook noting futures rose about thirty points last week while spot quotes hold steady. They warn that late-delivery July may not arrive this July, suggesting July options could trade at a premium to middling spot.
Hayward and Clark report a persistent advance tendency in the cotton market last week. World demand and April consumption data imply a season total above fifteen million bales, despite bearish New York factors. Weather delays in the Atlantic states and Texas rainfall may trigger further futures gains.
Thorn & Maginnis notes the ongoing demand for actual cotton despite bleak business sentiment. They cite large U.S. yields, rising consumption, higher mill stocks, and more active spindles as evidence that supply may constrain future demand. A weather rebound could lift prices, though general pessimism lingers.
The Cotton Region bulletin reports 24 hours ending 8 am Monday across Houston district stations. Weather generally unsettled with below normal temperatures. Rainfall of one inch noted at Lawton Oklahoma and at Alice and East Texas sites. Allen Buell, Local Forecaster, Weather Bureau.
The Kaufman Club defeated the Boerne White Sox 3 to 0 at Boerne Sunday. The game moved slowly on a muddy diamond. Pitcher Shotgun Boone worked the shutout, striking out ten. About 250 spectators attended.
Forecast for Monday night and Tuesday calls for unsettled conditions with probable showers for San Antonio and vicinity and for East Texas. The outlook extends to 7 p.m. Tuesday with showers likely in both regions.
Produce commission men must candle all incoming eggs and some shippers flag losses up to ten percent. Rain may slow farm deliveries while prices rise to 17 or 18 cents a dozen. Butter stays steady and poultry sales hold steady with improving prices. Strawberries fetch $1.50 per crate though buyers remain picky. Out-of-town orders rise as rural trade improves and wholesalers fill shelves amid cautious eastern sourcing.
The Travis Club wrestling match between Adolph Ernst and Charles Challender is postponed after Challender cites sickness. Halff of the Travis Club notes tickets will be refunded and promises a future bout when Challender is in proper shape for a real contest.
The Davy Crocketts beat the Saul Wolfson nine 7 to 6 on the Hot Wells diamond. Curran struck out twelve for the winners while Reynolds and Lutz led the Wolfsons with timely hits. Final lines show Davy Crocketts 7 1 0 0 2 0 1 and Wolfsons 6 8 8 with Curran and Schott behind the plate. Umpire Lamr.
Charley Carrs baseball pupils played two games at Hot Wells. In the morning they defeated the Independents 16 to 0 with a no hit effort from Schmidt and Peterson and 12 strikeouts. In the afternoon the Pears won in the ninth as Nelson pitched underhand due to arm trouble and Jennett and Karger homered, while Carrs fielders mishandled several balls.
Quotations today show butter prices lower for ordinary creamery and steady cheese, with mixed car arrivals and regional milk products across Michigan Wisconsin Minnesota and Illinois. Poultry prices for live fowl rose with higher demand as receipts and grades shift.
Kansas City May 18 market quotations show butter at 23 cents for creamery firsts and 18 cents for seconds, packing stock 16 1/2. Eyes firsts 18 cents seconds 16 cents. Poultry hens and springs 165 cents.
Raw sugar firmMolasses sugar 2.55 Sentrifugal 3.20 Refined sugar firm Mould A 4.60 cubes 4.25 XXXX powdered 4.15 powdered 4.10 fine granulated 4 diamond A 4 confectioners A 8.90 No. 1 3.90.
The report notes steady price movement for No. 7 coffee in Rio with a reference to July at 8.70 and December contracts. Details are sparse due to fragmented OCR text.
Market report from Union Stock Yards May 18 notes an upward trend in cattle and hog prices across several markets. Local yards saw steady prices with noon offerings of 850 cattle 16 calves 26 cows. top cow price $5.85, calves $8.26, general calf range $7 to $7.50. receipts moderate, many animals sent for feed and rest to larger markets.
Fort Worth Texas May 18 market activity strong after weeks with cattle moving higher by about 10 cents and sheep down. Beeves bring 6.25 to 7.00, stockers 6.25 to 7.00, cows 4.60 to 6.00, heifers 4.80 to 7.80, calves 5.50, hogs 5.00 to 6.00. Total counts show cattle 4600, calves 1300, hogs 1000, sheep 5000.
Kansas City market report shows cattle receipts including 600 southern stock with mixed grades. Prime fed steers quoted 8.50 to 9.10, southern steers 6.50 to 7.50, heifers 7.0 to 8.26, bulls 6.60 to 7.0. sheep and lambs activity with lambs 6.75 to 9.25, yearlings 6.0 to 6.5, steer wethers 5.26 to 6.26, ewes 4.75 to 5.00. Market steady on cattle and hogs.
Hogs: receipts 80,000 with bulk sales at 8.60, mixed 8.87, heavy 8.25, rough 8.10, pigs 7.50. Cattle: receipts 21,000, market steady. beeves 7.25 9.30, steers 7.10 8.20, cows and calves mixed 3.65 10. Calves 7.50 10. Sheep: receipts 18,000, market slow. ewes 6.35 6.30, yearlings and lambs 6.26 8.45, springs 6.50 9.75.
Receipts and quotations show hogs easing with prices from 7.00 to 8.60 per hundredweight. Cattle receipts about 4600 with Texans included and markets steady. native beef steers 7.50 to 9.25, cows and heifers 4.25 to 9.00, stockers 5.00 to 8.00, Texas Oklahoma steers 5.70 to 8.00, cows and heifers 4.50 to 8.65. Sheep receipts 8500 with market steady. red muttons 4.76 to 5.75, sheared lambs 7.00 to 8.26, spring lambs 9.00 to 9.85. Scores and other details appear in market notes.
Higher cables and unsettled South weather sparked renewed buying in the cotton market in New York on May 18. Opening gains of 6 points, active positions hit new highs, with later fluctuations easing 4 to 8 points as Liverpool rains and Southwest orders pushed prices higher before reacting.
New York traders saw cotton futures hold steady on May 18 with prices mostly within a tight 6 to 7 point range from week’s close. May open near 6 points, July around 12.60, October near 12.07 with futures closing steady and modestly higher across the board.
New Orleans cotton opened steady with a rise of 2 to 6 points due to favorable cables and weather worries. Afternoon trading remained quiet and steady with some realising pressure, May notices numbered about 2000 and were quickly stopped, as prices moved up to around 9 points from Saturday's close.
In New Orleans on May 18 cotton futures opened higher by 3 to 7 points with May at 12.30, July 12.09, and October 12.07. The market closed steady with gains of 7 to 9 points, showing highs and lows across the day for each contract.
Spot cotton in Liverpool remains firm with good middling at 8.174 pence per pound and middling 7.65d. Trade volume reaches 14,400 bales with exports and speculative demand accounting for 56 thousand bales and receipts at 2,000 bales.
Liverpool market notes a quiet session with futures prices listed for several future periods. July-August at 6.964, August-September 6.60, October-November 6. a, December-January 6.424, January-February 6.42d.
New York on May 18 reports spot cotton at 38.60 per bale with higher prices on delivery contracts. New Orleans on May 15 notes spot cotton steady with small volumes and arrivals. Houston on May 18 marks spot cotton steady with middling 13 percent basis and 156 bales sold today.
Kansas City stock yards report a smaller run of cattle for the week totaling about 21 000 head and prices easing for South Texas cattle by 10 to 16 cents. Steers mostly 7 40 to 7 60, Native steers 9 20, Colorado fed 9, stockers 7 25 to 8 25, feeders 7 75 to 8, veal calves best 10 50. Hogs strengthen. sheep and lambs advance early week. wooled Texas lambs 9 15, heavy Texas muttons 5 80, Mexican wethers 6 10, fall clipped wethers 6 75.
New York May 18 steel plants operated at 60 to 65 percent of ingot capacity with some June hope for larger orders as rail freight rate questions loom. Pig iron trade remains deplorable with prices squeezed. rail orders included rails, cars, locomotives and bridge work. Structural steel shows vitality with 28 000 tons of orders for fabrication.
New York May 18 Prices for cotton goods remain low while production costs rise and profits shrink. Milk and manufacturer agents report thin margins and curtailment. Some buyers acquire for lower prices. demand for export and fall shipments shows modest improvement amid cautious retailers.
The New York market reacts to optimistic signs from crops with record potential, steel industry uplift, and hints of a French government loan. Analysts cite gold flows and reserve changes as risks to prices, while early contract expirations spark buying. authorities seek to avoid Mexico entanglements and foster external investment.
Galveston May 18 cotton on the spot steady at 13 3/4 to 14 cents. One hundred eighteen9 bales recorded with bids and prices. Settee arrivals noted as none.
In Emphis Tennessee on May 19 prices for prime seed basis 33 6.34 and meal at 21 are noted. New York Cotton Oil in New York on May 18 reports steady cotton seed oil with spot bids at 7.10 and December futures around 6.65 to 6.75. Bales traded total 490.
A brief note records observations taken at Mata Tana at eight o clock on Monday morning. The entry notes timing but provides no further details on measurements or outcomes.
Georges Boillot, the French automobile racer, set a new one lap record at the Indianapolis speedway, circling six and a half miles in 1 minute 36 45 seconds. This marks the second record break in three days, following Joe Dawson's 1:36 2-5. Boillot is preparing for the upcoming 500 mile race on May 30.
Wheat strengthens on Hessian fly damage from Ohio to Oklahoma with predicted further losses. Profit taking trims gains while dry weather and firm cables lift corn and oats follow wheat. Provisions rise with hog market strength but packers drive selling. Market closes unsettled with mixed results across grains.
Cash wheat prices show No 2 hard and No 2 red around 90 to 91 cents per bushel, with No 2 mixed and No 2 white bidding lower. No 2 white around 40 cents, while other No 2 mixed quotes hover near 39 to 39 1/2 cents.
Grain futures closed steady in Kansas City on May 18 with Wheat May 89c July 84c, Corn May 61c July 68c, and Oats May 38c July 38c.
Quotations were reported with cash wheat and corn prices. Wheat ranged around 2 red 89 7/97 cents per bushel, No 2 hard 95 96 cents, while corn saw No 2 at 78 cents and No 3 at about 40 cents, with No 2 white near 41 cents.
Confusing OCR text shows Chicago grain quotes with figures for cash and various futures. Mentions Wheat No 2 hard red spring No 2 yellow corn oats barley and oat prices in cents per bushel or similar, but many words are garbled.
Mixed shipping entries report torpedo boat destroyer Burrows near Vera Cruz via Tampico and several arrivals incl Hamburg Bergen, Glasgow and Havre. The list notes movements to New York with dates May 15 to May 18 and observations of multiple vessels including unnamed steamers and ports of call.
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