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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 09, 1912
Page
13
Industry reports show cotton bagging prices advancing as manufacturers fear they cannot meet expected demand from Texas harvest. Cotton stockpiles, late crop timing, and a big production outlook push wholesalers to higher quotations. Rice and pickles also see price increases amid shifting market conditions.
Prices paid shipper across poultry dairy produce fruits vegetables meats and canned goods. The list covers poultry sums for medium tens fryers broilers turkeys and eggs, butter cheese from creamery and country sources, vegetables with per box or crate rates, fruits including apples pears peaches and citrus, nuts seeds hay and feeds, plus meats lard and imported canned goods with unit prices and package sizes.
New York August 9 close shows prime merchant paper at 6.5 percent with sterling exchange firm. Bankers bills quoted 4.8476 for 60 days and 4.8725 for demand. Commercial bills 4.84. Bar silver 61 cents, Mexican dollars 48 cents. Government bonds steady, railroad bonds easy.
In New York on August 9 money on call remained steady at 2 1/2 to 2 3/4 percent with closing bids around 2 1/2 percent. Time loans eased with 60 day rates at about 4 percent and 90 days near 4 percent.
The U S Department of Agriculture issues the August crop report summarizing condition and expected production for corn winter wheat spring wheat oats potatoes rice and apples as of August 1. It cites yields per acre and total production projections across major growing regions.
London trading opens with American securities steady at noon. Canadian Pacific slips while the rest of the list hovers unchanged to 1% higher than yesterday's New York close.
Observations recorded at 8 a m on Friday August 8 1912 report wind direction and velocity in the first two columns, temperature in the third, rainfall in the fourth, and overall weather state in the fifth column.
Aug 9 reports a slow draggy cattle market in Fort Worth with small receipts and limited buyer agreement on beef steers. Calves steady after Thursday decline. stocker division active. hogs and sheep at nominal levels. Cattle receipts 1800, calves 1000, hogs 18, sheep 400. Top steers 5.25, calves to 7.50.
Aug 9 at Union Stock Yards saw a light cattle pens turnout and a brief sale. Cattle receipts totaled 41 cows 16 calves and 20 sheep with half through billing while good cows brought up to 4.25, calves 5.25, and hogs about 8.50 amid liberal cow supplies and range dryness affecting pricing.
Receipts and price ranges for cattle hogs and sheep reported. Cattle: 1,800 head with varied classes from 2.60 to 10.00, hogs: about 15,000 head with prices from 6.40 to 8.80, sheep: around 10,000 head with native and western ranges spanning 3.20 to 7.65. Market described as slow to steady overall.
Cattle receipts 2,000 with 1,000 southern cattle. Native steers 6.50 to 6.10, southern steers 4.75 to 7.50, southern cows and heifers 8.25 to 5.60. Hogs receipts 2,500 and steady with bulk sales 8.05 to 8.25, heavy 8.00 to 8.10, lights 8.27s, pigs 6.00 to 7. New sheep receipts 2,000 steady. Muttons 3.50 to 4.25, lambs 6.50 to 7.30, range wethers 3.60 to 4.75, range ewes 2.50.
Receipts at St Louis show 4000 cattle including 200 Texans, steady overall. Native beef steers 5.50 to 9.00, Texas and Oklahoma steers 4.75 to 8.25, cows and heifers 0.60 to 7.25, calves 5.50 to 8.50. Hogs 7500 head steady with various categories from 7.25 to 8.45. Sheep 2000 head steady with natives 0.50 to 7.50 and lambs 3.50 to 4.76.
Butter steady cream eries 22 14 25c Daisies 20 2b5c Eggs steady receipts 8063 cases 15 16c firsts 16c prime firsts 18c Cheese steady Daisies 15 15c Long Horns 15 115c Young Americas 151 16c Potatoes steady by region Illinois 65 68c Kansas Missouri 78c Minnesota 68 70c Jersey 90 9 5c Poultry Live steady turkeys 12 13 4c springs 17 1c Veal steady 9 13 8c
In St Louis prices for poultry rise with chickens at 13 c, chicks at 13c, spring turkeys 14 28c, ducks 9 14 12c, geese 5 1c. Butter and creamery quoted at 31 26c. Eggs higher.
In New York the egg firm reports unchanged receipts totaling 7709 cases for the period. The update notes stable demand and no change in inventory levels.
Wool prices in St. Louis show steady to firm tones across grades with 23 to 26 for combing and clothing, 19 to 21 for light fine, 13 to 18 for heavy fine, and tub washed 26 to 33. Demand remains stable amid market uncertainty.
Market report from New Orleans shows rough rice steady with Honduras bids at 4.40 to 4.65 for new and 2.50 to 4.10 for old. Clean rice also steady with Honduras new at 3% to 5% and old at 3% to 5%, Japan bids 3% to 4%. Quote lists rough Honduras 3.90 to 4.65 and clean Honduras 4% to 5% with Japan 4 to 41.
In New York on Aug. percent, cotton goods markets remain steady. Hosier and underwear show strong demand while jobbers report solid activity in general lines.
Chicago reports show favorable weather aiding wheat with mixed daily moves and steady close. Corn weakens on rains while oats rise. pork and lard futures jump, and cash grain quotations list No 2 red wheat at 94 to 96 cents and corn No 2 at 74 to 76 cents.
Market prices listed for wheat corn and oats with bid and close figures for No 2 hard and reg wheat No 2 white and mixed oats and corresponding futures quotes for Sept Dec and May contracts. Prices shown include 87% 87% and 91 4 with fractional gains and declines across the board.
Quotations show cash wheat at No 2 red within 1.02 to 1.04 dollars per bushel No 2 hard 91 to 95 cents Corn No 2 76 to 77 cents No 2 white 88 cents Oats No 2 31 32 cents No 2 white 53 to 54 cents.
The article reports a sharp early decline in cotton prices with widespread drops across regions. New York, New Orleans, and other centers show 9 to 20 points down at times, while selling pressure and favorable weather kept markets near the lows with limited rallies.
Cotton futures opened barely steady with varied bids across months led by March at 12.05 . August traded near 11.77 80 and December around 12.01. Closing prices showed little movement and overall tone remained very steady.
Cotton futures in New Orleans opened steady then declined 1 to 3 points as selling orders built overnight. January slid about a point, then dropped ten points. weather signals rain in the eastern belt with a wet map. By mid-morning prices were 9 to 10 points under prior close, with widespread selling and bearish crop chatter. Noon slight rebound. by 2 p.m. quotes were 3 to 6 points down from yesterday's last.
Closing in fair demand with prices 13 points lower. American middling fair 7.74, good middling 7.34, middling 6.96, low middling 6.72, good ordinary 6.24, ordinary 6.76. Sales 10,000 bales, including 1,500 for speculation and export with 9,000 American. Receipts 1,000 bales, including 800 American.
Cotton stocks and production figures are reported with figures for the latest day and week, comparing stock levels to the previous week and the same period last year. An excess for the season is noted, with specific totals given for stock on hand and season-wide surplus.
Memphis August 9 reports cottonseed products with primes at 5.34 to 5.37, meal 26.50 to 27.00, and linters 3 to 4. Prices reflect market levels for seed products.
New York trading opened with gains in Sears Roebuck Studebaker and Westinghouse while other active issues moved modestly. Reading topped the list as a feature with steel rising on foreign demand and copper under pressure. bonds eased. By noon small gains persisted and later trading steadied with some leaders near day’s best before the close.
Local forecaster Allen Buell notes unsettled weather with near normal temperatures and varying rainfall totals: Brownwood Haskell Sherman one inch or more, Dallas Eastland two inches or more, Greenville over four inches.
Honolulu reports Christmas Island, about a hundred miles south of Honolulu, sold to an unnamed buyer via Father Rougier who negotiated transfer from the Grieg family. The island, famed as Stevenson's Treasure Island, is noted as a copra producer and center of South Sea piracy and wrecking lore.
Futures opened easy and closed easy in Liverpool with prices listed for August through next year. The table shows evolving short term contracts from August 6.67 to July-August 6.89 with various month spreads.
Leading spot markets report unchanged cotton prices in New Orleans with middling at 12 1/4 cents and various grades listed. Spot sales totaled 140 bales and receipts reached 119 with stock at 25,945.
Spot cotton closed quiet with declines across grades in Galveston Texas on August 9. Prices ranged from low ordinary around 8 to good middling about 13 cents per pound, with sales totaling 42 bales and receipts 1293.
With bumper northwest crops this year, farmers issue an urgent call for 3000 harvest hands. The Chicago Milwaukee St Paul Railway reports work in the Dakotas and Montana at $2 to $3.50 daily, lasting through fall. The shortage alarms land owners amid expected profits from improved yields.
New York quotes show middling uplands at 12.29 and middling gulf at 12.55 with 466 bales sold.
Spot cotton in Houston closes steady with values across grades ranging from low ordinary to good middling. Noted figures include sales 42, shipments 2988, stock 18 506, good middling 12 15 16c and middling 11 11 16c.
Memphis spots on August 9 report cotton unchanged with middling at 1 1/8 cents. The brief notice notes steady pricing without changes for the day.
Real estate transfers include Shafer to Fuchs for lot 42 Ivy Street with TF and Corine Youngblood to G L Youngblood for lot 21 block 6 on Pruitt Avenue at 1550 dollars. Lakeview Townsite Co to D Panelak for lot 12 block 100 at 300 dollars. Stow to Martinez for lot 11 block 10 Inglewood at unknown price. Gov G Less Vv P Lund parcels 1–12 and 13 Bio heity block sit 8500 dollars. Gantt to R Nee ey for lot BR 6 range district 35 at 400 dollars.
San Diego merchant Steiner offers a 25 dollar cash prize a loving cup and a solid silver spoon to the baby with the strongest lungs at Escon dido county baby show. The infant who cries longest and loudest on show day wins the triple prize. Also noted is German slagstone production described by the Chemical Trade Journal.
London copper and tin hold near flat with spot and futures quoted in pounds. Lead and spelter show modest gains while warrants in Cleveland trade at just under 60 pounds.
In St. Louis on August 9, lead prices fell to $4.30 to $4.35 per unit while spelter weakened to $6.90. The report notes a weak finish for the metals market and implied softer demand.
Raw sugar remains steady with muscovado 89 test at 3.55 and centrifugal 4.05 cents per test. Molasses lists 9 test at 0.30, with defining steady. Petroleum holds firm. Molasses hides steady as Bogota 244% 26 and Central America 26 show stability.
Coffee futures in New York hold steady with August reports noting Sept at 12.82 cents, March at 13.93 cents, and a 7.14 percent indicator for No 7 Rio. Market observers track prices as of Aug 9 with minor shifts in emphasis.
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