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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 01, 1912
Page
11
Observations taken at 8 am local time describe air pressure reduced to sea level. Continuous lines show isotherms, with symbols for temperature and precipitation. Wind arrows indicate direction and speed, with first figures for temperature, then precipitation, and maximum wind details.
New York reports a strong early stock market with notable gains in Canadian Pacific American Biscuit and American Tobacco while overall trading stays high and buoyant. Bonds steady and margin gains seen in Hill stocks lifting the market before afternoon lull. St Paul dividend announcement boosts prices along with Steel and Louisville & Nashville gains.
New York money on call closed steady at 2 1/2 percent with bids at 2 1/2 percent and offers at 3 percent. Time loans showed strength with 60 day at 3 percent and 90 days at 4 percent, six months at 4 1/2 percent.
In New York on August 1 traders noted mixed activity with Colloper quiet and Standard spot around 17.20 to 17.50 for August, and similar ranges for September and October. Electrolytic prices hovered near 17 to 17T%e while Lead and Antimony showed quiet to steady tones as iron held steady with little change.
London copper spot 78 pounds 1s 8d. Futures 78 pounds 1s. London tin spot 2065 pounds 6s. Futures 203 pounds. Local tin 36 tons. Lead 18 pounds 178 64. Spelter 26 pounds 2s 8d. Tron Cleveland warrants 68s in Lon. St Louis lead 4.60 4.65. Spelter 7.25.
Texas cattlemen led by Bennett and other Fort Worth figures press for changes to US import rules for cattle from Mexico. They cite tick-infested origin and propose dipping and quarantine measures to permit entry after inspection. Local stock market reports note July livestock receipts and recent sales.
Union stock yards reported a liberal run of cattle and hogs with a steady market. Cows topped at 4 dollars, best calves brought 5, noon receipts 195 head including 86 cattle 90 calves and 18 hogs. Weather dry in the area predicts more cattle on the market unless rain comes, consumer demand weaker. Hogs sold at 8 dollars, a few cents under yesterday’s top. no sheep or goats offered.
Hydro electric power on the Snake River has spurred rapid growth in Twin Falls. Electric heating units replacing steam radiators now power many buildings with substantial energy use. A six room house with eight outlets consumes 70 to 100 dollars in eight months, while a larger mixed use building runs 625 dollars for the season. Three phase current enters underground and is stepped to 220 volts for radiators and water heater.
Heavy rain Thursday morning sped buyers and salesmen at the Fort Worth cattle market where 2500 cattle 1200 calves 1600 hogs and 312 sheep passed through. Hogs paid top 8.25 with loads at 8.20 and 225s at 8.25. steers to 6 with bulk 5.45 to 5.50. calves top 7 bulk 5.50 to 6.50. Sheep 10 to 15 cents higher with lambs around 7.15. Receipts at the Yards 1600 hogs mostly shipped to packers. beef and steer demand steady to firm.
Receipts total four thousand cattle with southern stock and steady to slightly higher prices. Native steers fetch 6.25 to 9.75 while southern steers move 4.50 to 6.16 and cows and heifers around 3.50 to 4. Wow. Hog receipts reach five thousand with gains of about five cents. Bulk buyers pay 7.90 to 8.10 with heavy and packers at 7.90 to 8.12 and pigs 6.00 to 7.00. Sheep arrivals reach three thousand with steady prices from 3.50 to 7.65 for different classes and ewes 2.50 to 4.90.
Receipts and prices listed for cattle hogs and sheep in Chicago. Cattle: about 4500. Beeves 5.70 to 9.85. Texas steers 4.55 to 6.85. western steers 5.80 to 7.80. stockers and feeders 4.00 to 7.00. cows and heifers 2.70 to 4.78. calves 7.50 to 10.00. Hogs: about 18,000. prices 7.10 to 8.37. bulk 7.50 to 7.96. Sheep: about 20,000. market slow. natives 3.15 to 4.80. westerns 3.30 to 4.75. yearlings 4.25 to 5.60. native lambs 4.25 to 7.65. western lambs 4.40 to 7.70.
Receipts today in Louis 3600 cattle including 2600 Texas and Oklahoma steers with steady market. native beef steers at 5.75 to 6.75. stockers 3.50 to 6.50. cows and heifers 4.25 to 4.95. calves 3.60 to 7.50. Pigs and lights 6.75 to 8.40. mixed and butcher 8.20 to 5.40. heavy 8.15 to 8.25. Sheep 6000 receipts with native muttons 3.50 to 4.75 and lambs 5.75 to 5.90.
Chicago quotations show butter creamery 28 25c dairy 21 24c Eggs wear receipts 8921 cases firsts 16c prime firats 18c cheese prices steady daisies 15%0 c twins 14%0 c young Americas 15%0 c long horns 154%0 c potatoes 75c Missouri Jersey 80c 1.02 Illinois 68 70c Minnesota 72 77c poultry live steady turkeys 12c chicks 13% spring 16 18c veal 9 13c New York eggs steady receipts 13 926 cases.
Quotations listed for August 1 show Butter-Creamery at 24 cents for firsts and 22c for seconds, packing stock at 20 to 20 1/2 cents, Eggs Extras at 19c for firsts and 17c for seconds with 13 cents noted for a lower grade. Reflects daily market rates from Kansas City.
In St. Louis on Aug 1 price hints show chickens at 16 30c, turkeys scarce, ducks scarce, butter slow, creamery buttermilk at 22 25%, and cheese at 15%. New York coffee futures steady with Rio No 4 at 14 1/2 c and September at 12.88, March 13.25.
New Orleans market notes show rough rice listed as nominal with no trading, clean rice steady. Receipts total 300 rough and 23868 clean, with millers at 300. Sales include 2441 Honduras rough at 3 5%0 and 752 Japan at 3% 4. Clean Honduras quoted at 4% B%e, Japan 61.
Raw sugar holds steady with Muscovado at 3.48 to 3.65 dollars per test and refined at 30c. Petroleum markets show steady prices as oils and related products remain firm amid mixed reports.
Chicago market reports show wheat firm on sparse receipts with mixed opening quotes and a small gain by September. Corn rises on dry weather chatter while oats attract buyers. Provisions slip as nearby pork, lard, and ribs futures ease. overall, September closes near unchanged to modestly higher across grain futures.
Quotations from Chicago show cash grain prices with No. 2 red wheat at 1.02 to 1.04 dollars, No. 2 hard 0.94 to 0.87 percent per bushel, No. 1 northern 1.05 to 1.12, No. 2 northern 1.03 to 1.09, and No. 2 spring 1.00 to 1.07. Corn No. 2 around 0.14 to 0.74. No. 2 white 0.76 0.75. No. 2 yellow 0.76 0.75. Oats No. 2 about 0.47 to 0.48, new 0.36, No. white old 0.54 to 0.55, standard old 0.50.
Reading shows mixed commodity quotes with wheat prices for No 2 red and No 2 white near a dollar level and oats bids around forty cents. Several stray codes and months appear, including December and September figures, suggesting a chaotic OCR of a market page.
Commodity quotes list prices for wheat and corn with various grades and month futures. No. 2 hard and red wheats show values around 88 to 93 cents, 2 white about 44 to 80 cents, 2 mixed near 40 to 43 cents. Corn futures show September at 68 to 84 cents and December around 55 to 34 cents.
In London on August 1 Consols for money stand at 74 percent for account 74 13 16. Bar silver remains steady at 27 percent. Money 2 percent. Discount in open market for short bills is 4.75 percent and for three months bills.
A weather note records morning observations for Thursday August 1 1912 with wind direction and velocity, temperature, fall, and state of weather across five columns.
New York August 1 futures opened lower as liquidation spread across markets. Reports of showers in Texas and weak Liverpool demand weighed on prices, with spot markets showing declines in New York New Orleans and Liverpool. Prices fluctuated but remained down on the day amid nervous, unsettled trading and official weather updates.
Cotton futures in New Orleans opened steady and then fell 17 to 20 points amid rain in Texas and the belt. Private dispatches noted showers in Oklahoma and Texas, with long sellers liquidating while shorts took profits. Trading remained light with persistent selling pressure through the morning.
The market opened steady and closed with a net decline of 26 to 30 points in cotton futures. Prices showed varied readings across settlements including Sept and Dec positions with notable bids and asks, reflecting slight price pressure and ongoing trading activity.
Closing spot cotton in Liverpool steadies up two points amid light sales of 7000 bales. American middling fair touches 8.204 pence, with good middling 7.80d and middling 7.44d, receipts reach 2000 bales including 900 American.
Futures in Liverpool opened quiet and steady and closed unchanged. Key spreads listed include August 7.12464, August-September 7.044, September-October 6.93 percent, October-November 6.864, November-December 6.79 percent, December-January 6.78 percent, January-February 6.794, February-March 6.79 percent, March-April 6.80 percent, April-May 6.814, May-June 6.82 percent.
Market declines persist as rainfall varies across Texas and Oklahoma. Weather forecasts show scattered showers in Fort Worth and Paris with hotter conditions in the Panhandle, while overall crop prospects steady around moderate yields. Georgia’s first bale sells high in Savannah as Liverpool imports rise.
Spot cotton in New Orleans closes quiet with slight fractional downticks across grades. Middling 13 1 8 cents, other grades range from 9 3 4 to 14 1 4 cents with minimal on hand or arrivals. Receipts and stock totals show 26,900 units.
Spot cotton closed steady with prices at Low Ordinary 8 9̄, Good Ordinary 10 18 16, Low Middling 12 1 16, Middling 13 6 16, Good Middling 15 3 16, and Middling Fair 14 1 16. Sales were nil, receipts 285 bales, stock 22,731 bales.
Spot cotton in Houston on August 1 closed steady with declines across grades. Figures show low ordinary at 87 16 and up to middling fair at 13 11 16 cents. Sales were 42, shipments 100, stock 19,319.
New York on August 1 reports a quiet cotton spot market with middling uplands priced at 18 00 and middling condition estimated as iciae. delivered on contract sales total 10 700 bales.
Memphis spot cotton in Memphis Tennessee is steady at middling 13 14 cents with prices unchanged from prior. The report notes no movement in the spot market as of August 1 in the local trading area.
Cottonseed products in Memphis report price ranges with meal at 26.60 to 27.00 on prime basis and linters at 3 percent.
Spot price for cotton seed oil at 6.40 to 7.06 with August 6.41 6.50 and September 6.52 6.53. October 6.62 6.64. November 6.21 6.33. December 6.24 6.25. January 6.24 6.25. February 6.23 6.30. Sales show 300 September, 100 October, 100 October, 100 December totaling 4200 units.
Wool markets in St Louis show steady tones with medium combing and clothing at 23% to 26c, light fine 19 to 21c, heavy fine 13 to 18c, tub washed 26 to 35c as of August 1 with broad grade spread observed.
London reports bullion totaling 273000 pounds sterling moved into the Bank of England on balance yesterday with India council bills allotted at 1s 4d.
The belt shows unsettled weather with above normal temperatures. Rainfall exceeds one inch at Thomasville and Paris Texas while Chattanooga and Natchitoches report about one and a half inches.
Southern California shippers raise prices as potato demand grows in San Antonio and Houston markets. Northern California shipments face delays while the oncoming crop tightens supply. coffee, sugar, and rice trends vary with rice prices near historic highs expected to ease.
A wide range of farm goods is listed with price ranges for poultry eggs butter cheese vegetables fruits and staples. Includes poultry hens fryers broilers turkeys eggs tomatoes cucumbers potatoes onions lettuce celery peaches apples oranges lemons limes bananas peanuts pecans corn syrup beans hay meats lard sugar coffee canned goods dried fruits and more. The document reflects shipper paid prices and regional variations across items like Texas and California produce.
New York on August 1 reports cotton goods rule firm with better proportions. Corporations dress goods for sale will be opened tomorrow by two leading factors. Jobbers say overall fair to neat across departments while local retail shows slow activity.
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