The Austin Statesman. (Austin, Tex.), Vol. 44, No. 225, Ed. 1 Saturday, August 9, 1913 Page: 6 of 8
This newspaper is part of the collection entitled: Austin American-Statesman Newspaper Collection and was provided to The Portal to Texas History by the UNT Libraries.
Extracted Text
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HE A T INFL UENCES CO TTON; CORN PRICES TAKE J SOAR
2
PRICES UPWARD A T CLOSE
CATTLE RECEIPTS ARE SHORT
No. 2 mixed, 77c; No. 2 white.
mixed, 421043c.
Open. High. Low. Close.
STOCKS ANGE BUT LITTLE
yield 25 bushele
roduction, 2,672,-
Winter wheat:
brli
trlct no long affec
hens
20,728
-Oats displayed
As In
ude regarding bearish news
sales
/
St. Louis.
ST. LOUIB, Mo., Aug. 8.—Poultry:
$.86% 1 .85
NEW ORLEANS.
Ull-
9123
Higher; 95@9Sc; receipts.
Alive, unchanged.
Sept.....20.90
.19.45
Total
Firm;
CASH GRAIN QUOTATIONS.
COPPER.
NEW YORK METALS.
12% per lb; Toma'oei
crate, $1.9001,80.
4
/
(
ALL OTH
9
00,000 BOTT,
.__ Sa
W,
be er
20
T HE
V
A
t
N
g
■r
8
£
4
V.
ASSOCI AT I ON
11.07
11.03
sales aggregated $1,300,000.
NEW YORK MONEY.
receipts, 15,773 cases; fresh gathered
extras, 26628c.
.90%
.95%
.89%
.94%
.42%
.44%
.47%
11.04
11.08
11.72
11.36
11.18
11.17
11.17
11.04
11.07
11.12
11.16
$ .85
.89%
.94%
BO
home
srcur
prepa
best.
Texa
W.
nursi
.72%
.67%
.69%
11.70
11.34
11.17
11.13
11.03
1111
11.15
841,000;
000,000.
White
.43%
.45
.49%
1
1 W
the bi
few «
tools
learni
Pres.
Tex.
B( A
to hav
good
Call a
Jan. ..
Lard:
Oct. ..
Jan. ..
Corn:
78 %c.
" Oat:
Potatoes:
30 cars.
Poultry:
.42%
.44%
.47%
BO
for in
up-to
reguta
and t
.11%
.66%
85%
.70%
.66%
.68%
n.gu
at 16
at M
orad
WA
cook 1
ply •
"esa:
Month.
August
September
October
December
January‘ .
March ...
May .....
WA
Ori m
man
tvork
’nages
tree.
Y<>
in ri'
WA
ward’
IOF
connes
do:
Ml
J i-o pl
tewa
care I
Open.
.$.86 I
. .8976
. .94%
W I
run 1
lng hl
Aueti
Wheat:
Sept. ...
Dec. ...
May ...
Corn:
Sept. ...
Dec. ...
May ...
oats:
Sept. ..,
Dec. ...
W.
Mend
ma nd
State
WA
and
bond
gene:
Chickens, Butter and E
Fryers, 40 and ~5C apiece;
WA
some
John
phone
.72
.67%
.69
1O
black
or n
ward
' 1.o
mole
white
skit is
Wool
Crop Reports Are Governing Features.
Few issues Take Decline.
Bonds Irregular.
Government Report Comes Too Late
to Affect Market—Wheat Drops,
provisions Off.
Statement Shows Conditions and Prob-
able Yield of Principal Crops
This Fall.
WA
good
Call
10 a.
WA
road.
corn bulge,
rect solicit
New York.
NEW YORK. Aug. 8. —Eggs:
rain wag in pro:
El Pano attract
idea prevailing
work north and
Re
room
furnis
Refer*1
and I
ladie:
pape
dale,
... 11.45
.. 11.18
... 11.17
... 11.15
... 11.16
... 11.23
from Washington served to check any
decided upturn. Realising
weakened the provision market.
WA
at W
east o
Ises.
MTONIO
■ 2 ■ . .
gress at Galveston and
led more attention, the
that this storm might
ss
NEW YORK, Aug. 8.—London cop-
per closed steady; spot and futures,
169 3s 9d,
91%692c; No. 2 Northern, 90091c;
No. 2 spring, 906091c; velvet chaff, 85%
per lb.. 164^1
$1.5002.00; N
Sweet Potato<
Peppers, per
crate; Garlic,
Now York..
NEW YORK, Aug. 8- Spot cotton:
Quiet, unchanged. Middling uplands,
12.00c; gulf, 12.25c. No sales.
091c; durum. 840090c.
Corn: No. 2. 72% (73%c;; NO.
------------------— . •
; cent; ruling rate, 2% per cent; closing
i bid, 2% per cent; offered at 2% per
, cent.
a normal; indicated :
per acre; estimated pi
000,000.
I
Unchanged.
Butter: Creamery, 26 e.
High. Low. Close.
Ing relief to the dis-
led by drouth.
Ing 300 Southerns; market steady.
Prime fed steers, $8.35608.75; dressed
beef steers. $7.2563.25; Southern
Time loans: Steady; sixty days,
3% per rent; ninety days, 4% per cent;
six months, 5% to 6 per cent.
ew Potatoes, $
‘V. per bu., 31.50; Gress
basket crate, $3.50 pie
NEW YORK, Aug. 8.—Copper: Firm.
Eleotrolytie, $15.62015,76: lake. $16.00;
castinig. $16.37015.62
.62%
18
May .....47%
Mess Pork:
FAM OU
• 3
Houston.
HOUSTON, Tex., Aug. 8.—The spot
market closed steady and unchanged.
Sales, none; f. o. b., 1760 bates; ship-
ments, 2755; stock, 28,193.
L"
a.’
per owt,
1.00 a bu.
sympathy With’ the
wheat, however, cor-
Cattle: Receipts, 1600 head, includ-
COFFEE MARKET.
NEW YORK, Aug. 8.—Coffee futures
closed steady.
Spot coffee; Steady; No. 7 Rio,
9%c; No. 4 Sanios, ll%c; mild, quiet;
Cordova, 13016%c.
mate of yield 16.5 of total production
of 511,000,000; quality 93.7 per cent.
Spring wheat condition 74.1; yield
12.6; production, 233,000,000:
All wheat yield was 15; production,
744,000,000.
Oatfl condition 73.7; yield 26.8; pro-
duction,, 1,028,000.
Oats 'remaining on farms August 1,
103.900,000 bushels, compared with 34,-
872,000 bushels last year and 67.793,000
bushels in 1911.
Barley: Condition 79.4; yield, 23.1;
production, 168,000.000.
Rye: Acreage 2.134,000; preliminary
estimate of yield 16.3; production, 35,-
000.000; quality 94.
Buckwheat: Condition 85.5; acreage,
CHE AUSTIN DAILY STATESMAN, SATUKDAX MOKNING, AUUUBT
Kansas City.
KANSAS CITY, Mo., Aug. 8. But-
ter: Creamery. 26c; firsts, 25c; sec-
onds, 24c; packing, 21c.
Eggs: Firsts, i8Me; seconds, 12c.
Poultry: Hens, 12c; roosters, 9c;
ducks, 10c; springers, 16c.
Brewing
11.21 11.11
11,20 11.09
11.20 11.03
11.27 11.03
Home-grown Supply About Dimin-
ished—California Product Will
Sell at Higher Price.
.11.47% 11.47% 11.37% 11.40
.11.57% 11.57% 11.47% 11.47%
.10.82% 10.85 10.77% 10.80
Galveston,
GALVESTON. Tex., Aug. S.—Cot-
ton: Spot closed easy, unchanged.
Sale: Spots 460 bales; f. o. b., 400.
Receipts, 2074; stock, 21,733.
Chicago.
CHICAGO, Aug. 8— Butter:
changed.
Eggs: Unchanged; receipts,
cases.
NEW YORK, Aug. 8—Continued
dry, hot weather in the Southwest
proved the dominating factors in to-
day's cotton market, and while fluctu-
ations were more or less irregular,
the general tendency of prices was up-
ward.
Rumors that it was raining at Gal-
veston seemed responsible for an early
reaction, but the high level of the day
was reached in the late trading when
buying seemed to be rather more ac-
tive and aggreesive than for some time
pa»t and new crop positions sold at
about the best level of the week. The
close was a shade (Qff from the best
under realising, but steady, with Aug-
ust net unchanged arid other months
8 to 11 points net higher.
The.failure of the weather may to
show any sign o fthe loweretempera-
tures and showers which private fore-
casters predicted yeterday for the
Southwest, was considered resopnsible
for an opening advance of 9 to 15
points. August was relatively firm at
the start, selll-; up to 11.85c, or the
best price reached this week, 'but
quickly weakened under scatered liqui-
dation. while new crop positions also
eased off under realizing and local
prnzure which followed private re-
ports that it was raining at Galves-
ton.
This setback carried the market off
within a point or two of last night’s
closing figures on new crop deliveries,
while August sold 5 points net lower.
. Cotton futures closed steady:
With about 320 head here, sheep and
’ lamb trade was ouoted steady.
? _
Kansas City.
k KANSAS CITY., Mo.. Aug. s.—Hogs:
i Receipts. 5000, head: market higher.
Balk,-$6,400 8.75: heavy. $8.40(8.60;
। light $8.400 8.85: nigs. 16.504t7.50.
steers, $4.85516.75: cows, $3.5048.50;
heifers, $4,500 8.60.
Sheep: Receipts, 2000 head; market
strong. Lambs. $5.75607.30; yearlings.
$4.5065.50; wethers, $ 4.006 4.75; ewes,
13.50tf4.25.
Chicago.
CHICAGO, Aug. 8.—Hogs: Receipts,
14,000 head: market strong. Bulk of
sales, $8.2060 8.85: light- $8.7569.221;
mixed, $8.00609.15; heavy. $7.7068.80;
rough, $7.7067.90; pigs, $5.0008.50.
Cattle: Receipts, 1500 head; market
steady. Beeves, $7.1009,10; Texas
steers, $6.7567.80; stockers and feed-
ers. $5,256 7.75; cows and heifers, $3.60
(8.40; calves, $8,004 11.25.
Sheep: Receipts, 6000 head; market
steady. Native, $4105.10; yearlings,
$5.3506.15; lambs, native, $5.5007.50. -
Chicago.
CHICAGO, Aug. 8.—Cash-Wheat:
No. 2 red new. 86%487c; No. 2 hard
new, $6%087%o; No. X Northern,
11.20 11.10 11.10
11.22% 411,07% 11.10
10.27% 10.17% 19.20
NEW YORK. Aug. 8.—Prime mer-
cantile paper, 666% per cent.
Sterling exchange: Firm; at 14.83.25
for sixty-day bills and at 84.86.75 for
demand.
Commercial bills, $4.83. /
Bar silver, 59c. \
Mexican dollars, 47.
Government bonds: Irregular.
Railroad bonds: Irregular.
"oe on call: Steady, 2 to 2% per
U. S. ISSUES GRAIN REPORTHEAT DAMAGES VEGETABLES
NEW YORK, Aug. 8.—Agricultural
conditions and the Mexican situation
d. initiated today's irregular stock mar-
ket. interest in the Government crop
report issued in the final market hour
was keen 'to the point of anxiety, re-
cent advices indicating serious dam-
age to various cereals.
The official report of condition of
corn was 75.8 per cent, against 86.9 a
month ago, 80.0 last year and a ten-
year average of 82.2, indicated yield per
acre • was 5.0, against 27.8 a month
Preliminary esti-
5c: boyous, 5c; Limas, 7c; garavanzos,
• 5%c; Sardines, quarter oils, $3.00; •
mustard, three-quarter oils, $3.00;
French imported.' $7.50017.50; Nor-
17c; Onions.
cent and the 2» and 4s and Panama 4a,
% per cent on call. while Panama
coupon 8s declined % per cent.
- The Best Pain Killer.
Bucklen’s -Arnica Salve when ap-
plied to a cut, bruise, sprain, burn or
scald, or other injury of the skin w1ll
immediately remove all, pain. F. E.
Chamberlain of Clinton, Ne., says: "It
robs cuts and other injuries of their
terrors. Asa .healing remedy its equal
don't exist." Will do good for you.
Only 26c at all druggists.— Adv.
FOR
three
hm V * Fn
M \
The outlook for spring whent- was
vastly improved over a month tgo, but
below the average. The indicated total
crop is 744,000,000 bushels, against
701,000,000 qlast month and 1912 final:
yield of 730,267,000.
Contrary to expectations the market,,
which had peen waiting on the crop re-
port, showed little change from its
somnolenccFof the preceding four hours,
which were relieved at odd moments by
heaviness in Union Pacific. Reading
and St. Louis. Declines in these issues
ran from f to 1% points, while New
Haven, whih was under pressure from
the outset, recorded its lowest price in
over a score of years at 98%.
The decline was accompanled by
rumors suggesting a more conserva-
tive poHcy. ‘ An 8 point break in Chi-
cago &e Alton preferred was attributed
to the road’s poor earnings. Coppers
were strong in the early dealings, but
yielded latr. Final prices showed re-
coveries.
Bonds, irregular, with strength in a
few speculative issues.
United States 3s advanced % per
Miscellaneous.
Cheese, Wisconsin cream. per lb., 18
011c; brick, 23c; Imported Sw!ss,
35c; Garlic, per 1b., 10c; Chill, per 1b.,.
30c; Kraut, per keg, $1.50, Salt, per
100 lbs.. 58c; 200 lbs.. . 31.C0; loose,
32.25; Peanuts, Jumbos, 2c; No. 1-Vir-
ginia, 8c; Nuts, soft shelled walnuts.
No. 1 California, per 1b., 20c; almonds,
soft shelled California, per lb., 20c;
filberts, per lb.. 15c; Brazil nuts, per
lb.. 15c; Beans. imported navy, 5140;
California navy, 6c; Black-eyed Peas,
Liverpool.
LIVERPOOL, Aug. 8—Cotton: Spot,
fair demand, easier. Middling fa’r.
7.03d; good middling, 6.75d; middling.
6.43d; low middling, 6.23d; good or-
dinary. 5.75d; ordinary, 5.4id; sales,
8000 bales, including 7200 American
and 600 for speculation and export.
Receipts, none. Futures closed quiet:..
Aug., 6.18d; Aug.-Sept.. 6.1 Id; Sept.-
Oct., 6.0ld; Oct.-Nov.. 5.97 Md; Nov.-
Dee., 5.93d; Dec.-Jan., 5.93d; Jan.-
Feb. 5.94d; Feb.-March. 5.95%d;
March-April. R.97d; April-May, 5.98;
May-June, 5.99d; June-July, 5.99d;
July-Aug., 5.98%.
aga and a five-year average of 26.5.
"1 ne indicated crop was 2.672,000.000
bushels asagainst 2,971,000,000 a month
ago and.tst year's final figures of
3.124.746,000.
_ a ae"
San Antonio
CHICAGO, Aug. 8.—Government fig-
ures today on crop losses in corn
proved to be much more bullish than
expected. The report, however, came ,
too late to affect prices, the market
closing* easy ata net advance of %c to
%c to l%c.
Latest trading left wheat %cto %c
down; oat under to %c higher, and
provisions off 2%c to 5c to 7%c to 10c.
Guesses on the Washington esti-
mate as to the yield of corn had put the
1 roduction 32.000.000 bushels too high. (
Advanced prices today though were
based, not so much on what the Gov-
ernment report would show as on the
continued drouth in Kansas’. Missouri,
Nebraska and Iowa and the excessive
heat in the two first named States.
The advance caxried September to a
new high level for the season at 72 %c.
Good rains in Northern Illinois and I
parts of Indiana and Ohio seemed to
make no impression in favor of the
corn bears. A late dispatch that a hard
No. 2 white, 44c; No. 2
St. Louis.
AT. LOUIS, Mo., Aug. 8— Cash--
Wheat: No. 2 red, 85%087%a; No. 2
hard, 85089%c.
Com: No. 2, 74%c; No. 2 white. 76c.
Oats: No. f. 420; No. 2 white, 43c.
potatoes: Condition, 78:8;
yield. 92; production, 339.000.000.
Tobacco: Condition 78.3; yjeld, 7.83;
production, 896.000,000.
Flax: Condition, 74; yield, 8.3; pro-
duction, 20,000,000.
Rice: Condition, 81.8; yield, 1.33;
acreage. 48,293,000; production, 64,-
000.000.
Apples: Condition, 52.2.
POULTRY,BUTTERANU EGGS.
All Classes Sell On Steady Basis.
Early Hog Supplies Also Were
Below Average.
20.90 20.80 20.80
19.45 19 25 19.25
THE SPOT MARKET.
New Orleans.
NEW ORLEANS, La., Aug. 8.—Cot-
ton: Spots quiet, %c off; middling,
U%c; sales on the spot, 62 bales; to
arrive, none* Low ordinary, 8%c nom-
inal; ordinary. 9 15-16c; good ordinary.
10-15-16c; strict good ordinary.
11 3-160; low middling. 11 7-16c; strlot
low middling, .1111-16c; middling.
11 %c; good midling, 12%c; strict good
white, 73%c; No. 2 yellow, 73073%c.
Oats: No. 2 new. 400, No. 2 white,
43 %c; standard new, 42%42%c;
standard old, 42% 443%.
middling, 12 9-16c; middling fair, 13c
nminai; middling fair to fair, 13%c
nominal; fair, 13 %c. Stock,
bales.
Short ribs:
Sept.....11.20
Oct.....11.20
Jan.....10.15
WASHINGTON, Aug. 8.— The Gov-
ernment’s August grain report, eagerly
awaited because of reported damage
to corn, from drouth and other condi-
tions. was issued at 2:15 p. m. today.
It shows the condition of the principal
crops on August 1 and estimates the
yield and production of each as fol-
lows:
“Com: Condition 75 8 per cent of
NEW ORLEANS. La., Aug. 8.—Cot-
ton futures opened steady at an ad-
vance of 5 to 7 points on good cables
and continued dry weather in the
western half of the cotton belt. Show
ers were reported in the eastern half
of the belt, but were not regarded as
an especially strong bearish feature.
'After the call buying increased for
both accounts and the trading months
.. were put 7 to 8 months over yester-
day’s close.
'At this level telegrams from Gal-
veston. reported rain there and this
was taken to mean that rains might
be working into Texs from the gulf.
Selling became heavy and at the end
of the first half hour of business prices
were unchanged to 2 'ponts up com-
bared with the final quotations of yes-
, terday.
The market had little selling power
at any time during the morning and
moderate buying served to hold it up.
Telegrams from western sections of
the helt were almost uniformly un-
favorable. some accounts telling of
shedding on an extensive scale and
others of willing plants.
The continued light movement of
new cotton also helped to give the
market a steady/tone. At noon the
market Wus quiet at an advance of 6
: i
36 and $6.50 a dozen; County Butter,
30c lb.; creamery, 40c 1b.; Eggo, 166
doz.
FORT WORTH. Tex.. Aug. 8.— Re-
ceipts in the cattle market today fell
shorLof the usual mark, reaching no
greater proportions than 1500 head of
rattle and 400 valves. All classes sold
< n a steady basis and the movement to
the stales was brisk as long as any-
thing was available. steers went at a
range of 35.50 to 37.00; cows, 34.00 to
35.50; bulls, 33.75 to $5.25; calves, 34.50
to >6.50.
Only three cars of hogs were here
early, but around 400 head were esti-
mated for the day. Prices were 5c
higher than Thursdays 10c lower close,
but only steady with Thursday morn-
ing. Sales r nged around 38.65 to
38.90.
Month: Open High. Low.’Close.
August ..... 11.76 11.85 11.65 "me
Baptember .. 11.33 11.38 11.31
October ..... 11.16 11.20
‘ November ............
December ... 11.13 .11.17
January
February
March
May ....
yield, 20.1; production, 17,-
There was the least action in wheat
prices that has taken place in som
time. Because of bearish official > fig-
ures expected after the close the
crowd falled to follow the bull turn in
corn. The dread was well grounded,
for the Washington report on wheat
showed conditions improved over last
month.
The dry hot weather of the past few
weeks has. caused a considerable 9lump
in the home-grown vegetable supply
with the result that commisdon men
are buying from California in car lot
shipments, and when these offers are
put on the market freight rates are
bound to increase the price. The Texas
crop was very good, but the hot
weather has stopped activity.
Receipts of watermelons began fall-
ing off about two weeks ago and the
delicious Texas product is practically
off the market. Tomatoes are still
holding out, but the price has advanced
materially.
Cotton was weak yesterday so far
as the receipts were concerned. The
price opened a little strong, but C-ose
about the same figure.
The quotations.
Cotton.
Cotton, basis-middling 11%o,
Cotton Seed Products.
Cotton Seed Meal, per tun, $26; Cot-
ton Seed Hulls, per ton, 36-00; Cotton
Seed, per ton, 318; Cotton Seed Oil, per
gal., 38%c.
em
to 7 points over the last figures of
yesterday.
In the afternoon bull telegrams came
in from the western belt and the mar-
ket rose to a level 11 points over yes-
terday’s last figures In trading up to
2 o'clock.
Cotton futures closed quiet at an
advance of 8 to 11 points.
1
85
wegia smoked, 310.
Crears.
Scotch Oats, per case, $3.00; Crean)
of Wheat, per case, 34.50: Grape-Nuts,
per case. $2.70; Granulated Hominy,
per case, 31.80; Quality Mills Cream of
corn, per 8%-lb. sack. 23c; Hay, OK-
lEoma, choke prairie, per ton, $17;
alfalfa, $21: South, Texas prairie hay,
313; cane hay, $16; Johnson grass hay,
$17; Oats, bu., 48c; Bran, cwt, 11.45
( 1.50: Chops, per cwt., $1.45; Corn,
shelled, per bu.. 86c; in car. 65c; Rye.
per bu.. $1.50; Barley, per bu. $1.50
Wheat. Mediterranean, per bu., $1.40;
Nicaragua, $1.50; Flax Seed, per lb.,
10c: Turnip Seed, per 1b.. 50c; Pop-
corn. per lb.. 80 10c: Alfalfa Seed, pet
1b.. 20625c: Burr Clover, per 1b.. 20
2; Flour, per bb).. basis $6.10;
Cornmeal, rack. 36 lbs.. GOc.
Vegetables.
Beans, rund green, per 1-3 bu.,
$1.30; Beans, navy, 6c per lb.; Cab*
bage, 100 Iba.. $4.00: Chill Peppers, pel
1b. 30c; small Japan. 20c; Green Chili
- •
ace. •. /
_.....t
St. Louis.
ST. WULS, Mo., Aug. 8.— Cattle:
Receipte 1000 head, including 100 Tex-
ans; mat ket steady. Native beef
steers, $5.5069.00; cows and heifer,
$4.7508.50; Texas and Indian steers,
$6.2507.75; cows and heifers, $4,256
6.50; calves in carload lota, $5,0060
6.00.'
Hogs: Receipts, 6500 head; market
steady. Pigs and lights, $7.7509.20;
good heavy. $8,708.80.
Sheep: Receipts, 3000 head; market
steady. Native muttons. $3.2564.25;
lambs, $5.7607.35.
Kansas City.
KANSAS CITY, Mo., Aug. 8.—Cash-
W1.t: No. 2 hard, 83685%c; No. 2
red, 830 84c.
. 11.04 .....
. 11.11 11.15
. 11.14 11.16
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WHO CAN BEAT IT
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Lochridge, Lloyd P. The Austin Statesman. (Austin, Tex.), Vol. 44, No. 225, Ed. 1 Saturday, August 9, 1913, newspaper, August 9, 1913; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1448509/m1/6/?rotate=270: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .