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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Nov 22, 1913
Page
7
Irregular opening for the market with small swings. Mexican Petroleum shares led losses, slipping 2 percent to 42 and Rumelys preferred rose a point. Bears failed to drive prices down as trading stayed within fixed limits and Mexican Petroleum preferred fell 8 points to 72 by close.
Metal markets in New York were dull with copper offered nominally. Electrolytic copper ranged around 14.87 to 16.12 cents, costing 14.62 to 14.76 cents per pound, while iron prices remained unchanged.
Call money nominal no loans. Time loans steady 60 days at 5 percent, 90 days and six months at 4 1/2 to 5 percent. Prime mercantile paper 5 percent. Sterling exchange firm at 4.81.25 for 60 days and 4.85.65 for demand. Commercial bills 4.80 1/2. Bar silver 87 3/4 cents. Mexican dollars 45 cents. Government bonds steady, railroad bonds easy.
Galveston reports arrivals yesterday include steamers El Rio New York Denver New Orleans St Oswald and Dinamore along with other vessels. Cleared ships include C A Canfield Tampico Rav Port Barres Harperley and Barcelona voyage. Also noted New York and New Orleans entries from further dates.
A mixed timetable lists arrivals and departures for diverse lines from Mexico to Palestine and Laredo with northern and southern routes. The New York cotton seed oil market closes steady with spot 7.05 to 7.15 dollars and varied futures, plus daily sales. Observations note per capita US foreign trade potential tied to Great Britain at 14 million dollars annually.
City Mayor Brown and County Judge Davis support a plan for two hospitals despite objections to separate facilities. They argue current separation covers emergency and chronic charity cases, but fear legal hurdles could cause future conflicts and affect the unfortunates relying on charity care.
The Department of Agriculture released results from tests on waste, tensile strength, and bleaching of cotton grades using about 120 bales from western upland and Atlantic states upland. Differences in waste are small, larger in lower grades, and tensile strength is similar between the two classes. all samples used the same staple length.
Chicago group launches a two week boycott of egg dealers aiming to cut price from 47 to 32 cents a dozen. President Mrs. Carolina Bley blames wholesalers for the current rise and calls for action against the wholesale level.
Cotton Seed Products Memphis reports prime bale prices with Sone at 6 14 per unit, meal quoted around 27.25 to 27.50, linters at 2 percent content. Prices reflect market day notes from November 22.
A widespread shortage of beans is developing as California yields dip and New Mexico Colorado crops fall short. Michigan�s large output won�t offset western deficits, while Mexican imports push demand for California varieties. Holiday goods movement remains brisk, but no price changes are seen among grocers, jobbers, or packers.
A dense catalog of wholesale prices for eggs hens fryers and turkeys, dairy including butter cheese and creamery quotes, vegetables fruits and canned goods. The itemized rates cover California and Texas produce, onions cabbage lettuce cucumbers peppers okra cranberries and apples with varied crate and hundredweight pricing.
A dense market listing shows prices for river and American keys items along with meats lard dried fruits and nuts. It details bacon hams bellies hogs feet dried peaches pears apples prunes raisins currants dates and various imports with per pound and per package rates. Also includes hides and wool beeswax and sallow with multiple quality grades and bulk quantities.
In St Louis on November 22 quotations listed: poultry Chickens 9 to 9 a half cents per pound springs 11 cents turkeys 15 cents ducks 12 a third cents geese 10 to 10 cents. Butter creamery 32 cents per pound. Eggs dic.
Kansas City reports butter eggs and poultry unchanged. New York prices steady with receipts not specified. Chicago notes butter and limes unchanged with 60 car receipts for potatoes. Poultry markets vary with alive birds unsettled. springs 12 1 2 cents, hens 11 to 10 cents, turkeys 11 cents per pound.
Rice prices and receipts listed in New Orleans summarize rough Honduras and Japan bids and supplies. Quotations show rough Honduras at 2.00 4.75 and Japan at 2.00 3.75, with clean Honduras and Japan levels also noted. Receipts indicate rough Honduras 9682 sacks and Japan 264 sacks sold, with clean Honduras 2988 pockets and Japan 1286 pockets.
Sheriff Colgan and Poor Commissioner Sheeks found a family of three living on the ground by a small fire south of Atchison. The mother refused to name herself, said they walked from Kansas City, and threatened to drown the child if authorities took it. The man was believed to have fled.
Nov 22 stock market dull with limited receipts across cattle hogs and calves. Best cattle sold up to 5.25 with most between 4.50 and 6. Calves around 6 while hogs reached 7.50 for top lots. No sheep or goats offered.
Fort Worth Texas November 22 cattle receipts 1500 calves 200 market generally nominal beef steers 4.25 to 6.00 cows 4.25 to 5.15 calves 5.00 to 7.25 hogs receipts 500 top 8.05 bulk 7.85 to 7.96 sheep receipts 150 market steady lambs 5.90 to 6.00
Chicago cattle and hog market reports show hog receipts about 16 000 with bid ranges 7 20 to 7 75 for mixed and rough stock. Cattle receipts around 600 with Reeves and Texas steers trading 6 65 to 7 65 and cows 3 25 to 8 25. Sheep receipts near 1 500 with native lambs quoted from 6 25 to 7 40.
Receipts and quotations for hogs cattle and sheep listed. Hogs with 29 000 receipts show market lower with bulk 7.60 to 7.75, heavies 7.70 to 7.80, lights 7.50 to 7.70, pigs 6.25 to 7.25. Cattle receipts 300 incl 200 southerns, market steady. prime fed steers 8.25 to 9.00, dressed 7.00 to 8.25, southerns 5.25 to 7.50, cows 5.00 to 6.75, heifers 7.26 to 8.75. Sheep receipts 1000, market steady. lambs 6.50 to 7.35, yearlings 5.09 to 5.76, wethers 4.25 to 5.00, ewes 3.74 to 4.60.
Cattle receipts 500 with Texan share 200 and a steady market. Native beef steers 7.50 to 9.15, cows and heifers 4.25 to 8.35, Texas and Oklahoma cattle 5.75 to 7.00, calves 4.25 to 5.50. Hogs receipts 5000 and prices down. pigs 6.00 to 7.75, good heavy 7.70 to 7.86. Sheep receipts 100. native muttons 3.75 to 4.25, lambs 5.25 to 7.60. Petroleum molasses hides steady. leather firm. Lead 4.17, spelter 5.15 in St Louis metals report.
New York trading shows ongoing liquidation driving cotton lower despite initial steadying. Prices fell 11 to 14 points from last night’s close as labor troubles and the bearish ginning report sparked selling, with Liverpool influenced by early liquidation and a nervous, unsettled market.
Cotton futures in New Orleans opened lower by about 1.3 points as heavy selling emerged from shorts after private Liverpool cables suggested a break. Bears pressed to liquidate longs ahead of the weekend while little fresh buying appeared. Prices slid to new weekly lows with months trading 19 to 23 points under yesterday's close.
In New Orleans on a brisk trading day futures held firm with November at around 12.94 to 12.97, December near 13.06, January 13.12, March 13.22 and July around 13.27 bid. Prices showed a steady session with occasional shifts as the market absorbed varying bids and offerings.
Liverpool spot cotton quiet and easier with middling at 7.344 pence and sales of 6000 bales. Receipts reach 21,000 with 5500 American lots among the offerings including 4690 American for sale and 1000 for speculation and export.
Futures closed barely steady in London with multiple contract pairs quoted. Notable points include Nov at 7.08 1/2 percent and Dec at 6.960 with subsequent month pairings ranging from 6.93 to 6.94 in late November trading.
New York middling 13.50c. New Orleans 13 1 16c. Houston 18 3 16c. Galveston 13c. Liverpool 7.344c middling. Memphis 13 4c. Local market signs show varied cotton middling levels across major trading hubs.
Spot cotton quiet at 1 16 to 13 16 cents with middling at 13 1 16c. Sales on spot 1529 plus 616 to arrive. Receipts 2299, stock 202472. Prices for various grades range from 9 16c to 14 15 16c with nominal figures noted for several categories.
Galveston on November 22 reports spot cotton closing quiet with prices down. Quotations range from low ordinary seven percent to good middling twelve percent, with 449 spots sold and receipts totaling 17,053 bales. Stocks stand at 305,712 bales.
Spot cotton in Houston on November 22 closed steady to easy with minimal change. Sales reached 2321 bales, with futures at 0 and bids around 2362. Shipments totaled 27,948 bales while stocks stood at 178,071 bales.
Spot cotton in New York at Middling uplands 13.50 and gulf 13.75 with no sales reported. In Memphis Tennessee on November 22 spot cotton held steady at Middling 13 cents with no change.
Raw sugar remains steady with Muscovado at 3.07, centrifugal 3.67, molasses sugar 2.92 and refined sugar unchanged. Coffee futures also steady with No 7 at 9 1/2 cents and March and May contracts quoted.
The New Majestic Theater opens its doors at 7 pm Monday for a public reception in the mezzanine foyer. Mayor Brown and city officials will attend the formal dedication with an orchestra and punch bowls as patrons view the Roman Garden inspired interior by O W Mitchell. The curtain painting by Brent Oberhauser, replicated by Don Du Bois, completes the grand stage setting.
A string of visitors and arrivals are noted at hotels including the Gunter Menger St Anthony and Savoy with guests from Seguin Junction Kerrville Chicago Beeville Cuero Laredo Corpus Christi San Marcos Dallas and other places. A.N. Thomson Waco and J. W. Hardy Dallas are listed among the guests. HARLANDALE HOT MUD BATHS advertise treatment for rheumatism lumbago kidney trouble eczema and skin diseases with affordable price options and convenient transport.
The clearing house banks and trust companies report a reserve of 12,338,550 dollars above legal requirements for the week, down 6,066,300 dollars from last week. The statement covers condition as of the latest weekly report from New York.
The railroad commission granted authority for an 18 cent per 100 pound rate on sulphuric acid in tank cars from Port Arthur and West Port Arthur to Fort Worth and North Fort Worth, and 15 cents from North Fort Worth to Port Arthur and West Port Arthur, effective November 24, under Texas & New Orleans Railroad Company filing.
New York November 22 domestic buyers showed greater interest in foreign wools with Australian and South American grades leading the gains. Cotton goods markets remained quiet and yarns easy in tone.
Weather in Argentina curbs growth and weakens wheat prices while expectant world shipments and resting orders push markets down. Corn opens lower on mild weather but trims losses. hog market weakness drags provisions. Cash quotes show slight gains for wheat and mixed results across corn and oats.
Quotation snapshot shows cash wheat at No 2 hard 87 to 87 1/4 cents and No 2 red 86 1/2 to 87 1/4. No 2 mixed corn 71 to 74, No 2 white 71 to 74, oats No 2 white 40, No 2 mixed 40. Wheat contracts December 80 1/2 to 80 3/4 cents, May 81 to 82, corn December 70 1/2 to 70 3/4, May 72 1/4 to 72 3/4.
Cash wheat prices show No 2 red 90 94 and No 2 hard 86 93 cent. Corn No 2 and No 2 white 76 cent. oats No 2 41 cent. No 2 white 42 cent. Wheat December 87 cent May. corn December 7 and May 72 cent. oats December 40 cent May 92 cent. Receipts yesterday flour 000 barrels, wheat 84 000 bushels, corn 32 000, oats 63 000. Shipments flour 1300 barrels, wheat 5360 bushels, corn 7000, oats 45000.
The Travelers Protective Association post plans its second quarterly board meeting this afternoon at the Menger Hotel with a banquet tonight for about 126 attendees. Key figures include D. W. Micheaux and J. W. Hardy, as the group pushes a membership drive beyond 500 and weighs railroad rate policy.
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