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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 06, 1912
Page
11
Excerpts show observations at 8 am with air pressure and temperature markings. Forecast for Tuesday night through Wednesday calls for fair conditions in the south and unsettled weather in the north.
An irregular tendency marked early trading with heaviness in Canadian Pacific and Atchison. St Paul led losses among Standard stocks after June earnings showed a large net decrease, while politics influenced professional stock activity. Trading slowed after a weak opening and final losses narrowed as readings on Northern Pacific, Union Pacific, Sugar issues and others weakened.
New York Money market rates show ready money on call at 2% to 3% with ruling rate 24% percent. Closing bid and offered 2% with time loans steady at sixty days 3% and ninety days 3% to 4%, six months 4%.
Money on call remained steady at 2 1/2 percent with the ruling rate and closing bid at 2 1/2 percent. Time loans were firm with 60 days at 3 1/2 percent and 0 days at 4 percent. six months at 4 1/2 percent.
Dry hot conditions injure crops with tomatoes worst hit and crates rotting. East Texas becomes main market supplier while Colorado and California shipments arrive next week. Lemons firm at about 5 66 per box with outlook for higher prices. California beans show firmness as beans demand stays strong and cheese markets remain tight.
New York on August 6 reports receipts at the Egge firm totaling 19 265 cases. Fresh gathered extra firsts priced at 28 cents per dozen.
Quotations posted this day show butter creamery 24c firsts 22c seconds 20c and eggs eyes extras 20c firsts 19c seconds 14c. A stray line urges voting for A H Jones for Mayor.
The Citizens League Campaign Committee accuses the D Sullivan & Co bank assessment of 26 500 for all moneys stocks bonds and securities as far short of its millions in assets. They challenge William L Richter as chairman and demand honesty about the real asset value.
Panhandle hogs set a yearly high on the Fort Worth market with a load at 8.60. Beef steers sold around 7.00 top with steady demand. cows brought up to 5.85 and calves steady. Sheep traded 10 to 15 cents lower, lambs at 6.76, overall receipts about 2700 cattle, 660 calves, 310 hogs, and 550 sheep.
Union Stock Yards reports a well supplied market with 528 head on consignment at noon. Cows ranged from 28.75 to 38.50 with best at 4 dollars, calves 4 to 4.60, and hogs about 8.00 to 8.28 as buyers, butchers, packers, and speculators pushed demand. Sheep remain largely unsold at noon.
Receipts and quotations for cattle hogs and sheep listed today in St Louis. Cattle receipts 6000 including 3000 Texans with native beef steers 5.60 to 9.76, Texas and Oklahoma steers 1.75 to 8.25, cows and heifers 3.50 to 7.50, calves 5.50 to 8.25. Hogs receipts 7000 with market five cents higher. pigs and lights 7.00 to 8.52, mixed 8.45 to 4.52, good heavy 8.45 to 8.50. Sheep receipts 8000 steady. native muttons 3.75 to 4.75, lambs 4.25 to 7.00.
City market news shows cattle receipts 12000 with 1290 southern cattle and steady prices. Hogs 16000 receipts up 5 to 7 cents with bulk sales 8.30 to 8.45 and packers 8.30 to 8.50. Sheep receipts 7000 with lambs and ewes higher by about 10 cents and muttons 3.50 to 4.50.
Receipts estimated at 6500 cattle market steady with Beeves from 5.75 to 10.00, Texas and western steers 4.90 to 8.10, stockers 4.00 to 6.85, cows 2.70 to 8.35, calves 6.75 to 10.00. Hogs estimated 13,000 market strong to five cents up with lights 7.95 to 8.65, mixed 7.55 to 8.60, heavies 7.35 to 8.40. Sheep sessions 58,000 market slow to steady, natives 3.25 to 4.75, western 2.50 to 4.65, yearlings 4.40 to 5.65, lambs 4.50 to 7.75.
Observations at 8 a m on August 6 1912 report wind, temperature and rainfall across Houston district stations. Rain in Central and Northern Texas with fair elsewhere, above normal temperatures in the southwest. Notable rainfall: 3.30 inches at Weatherford, over two inches at Fort Worth Waxahachie Dallas Greenville and Marlow Ardmore. Vote for A H Jones for Mayor.
Heavy domestic receipts and large northwest yields pressured wheat. September opened higher then fell. closed about 94 9 1 2 cents. Corn climbs with improved cash demand while oats stay steady. beans not mentioned.
Quotations list selling prices for grain types in Chicago. Cash wheat includes No 2 red No 2 hard No 1 northern No 2 northern No 2 spring with varying cents per bushel. Corn No 2 No 2 white No 2 yellow and oats with several No 2 and white classifications and ranges.
Raw sugar steady with Muscovado 89 test at 3.55 cents per pound and centrifugal 96 test at 4.05 cents. Molasses sugar 89 test at 3.30 cents. Refined sugar steady. Petroleum, molasses and hides steady. Leather firm.
Private rain reports from Texas belt spur heavy bear movement at the opening as New York and other markets show declines. By afternoon New York down 21 to 23 points with active months dropping and spot middling uplands remaining nominal amid nervous, unsettled trading.
Cotton futures opened steady with varied bids for January to August contracts as August offered and October bid. Prices ended barely steadier with a net decline of roughly 3.34 points, showing minor shifts across months and contract months.
Cotton futures opened steady but soon slipped 3 to 5 points as Texas and Oklahoma rains appeared. December moved up briefly before slipping. by late morning the market remained 26 to 28 points below yesterday's close as private weather reports and bureau bulletins confirmed rainfall.
Close: Spot cotton steady to lower with American middling fair at 8.10d and middling 7.40d. Daily sales 6000 bales, including 6400 for speculation and export and 5800 American receipts among total 6000. Market watchers note shifts in demand for U.S. origin cotton.
Futures opened quiet and steady and closed easy in Liverpool with August 7.500 and spread figures for successive months showing a gradual easing pattern from August to July.
Cotton seed oil closed steady with spot at 6.45 to 6.50 and futures varying through Sept and Dec. Trading included 700 Sept at 8.55, 100 Oct at 6.63, 300 Dec at 6.26, and 200 Jan at 6.26, totaling 7700 units.
Spot cotton closed with 16 cents off on the day in New Orleans. Buyers held 55 spot sales to arrive with no new arrivals. Quotations ranged from low ordinary 9 3/4 cents to good middling 13 7/16 cents, with middling at 12 1/2 cents and receipts totaling 273 and stocks at 26,972.
Spot cotton closed steady with revised figures. Prices range from low ordinary at 9 16 to good middling 13 1 2 cents. Sales total 153 bales with 575 on trial. Receipts 3082 bales and stock at 22,442.
New York on Aug 6 reported cotton spot prices steady with middling uplands at 12.75 cents and middling gulf at 13.00 cents per pound. sales total 100 bales.
Spot cotton in Memphis on August 6 held steady at middling 13 cents per pound with prices unchanged from the previous session. Local dealers reported quiet activity as traders weighed weather and harvest progress.
ST LOUIS August 6 Wool markets show steady to firm tones with medium combing and clothing at 23 6c to 26c, night fine 19 21c, heavy fine 15 18c, tub washed 26 85c, indicating modest price ranges for various grades and finishes.
Paris notes three per cent rentes at 92f 27 and 25f 26 for London checks. Private discount rate stands at 2 percent.
New York August 6 the American Printing company lifts percale prices by a quarter cent a yard and flags further increases in bleached cottons and staple ginghams signaling tighter trade in cotton goods.
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