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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 21, 1912
Page
9
Jobbers offer new crop rice on a 6.50 basis unchanged from old stock. Market expects a substantial price drop as record harvest nears and supply expands. Caned salmon price forecasts from New York point to lower future values vs initial last year quotes.
ST. LOUIS Aug 21 Quotations were as hollows today Poultry firm Chickens lle springs 15c 16 19c ducks 9% llc geese 6 c Butter steady creamery 23 26c Eggs steady 18c.
Kansas City prices show Butter Creamery 24c firsts 22c seconds 20c packing stock 20c. Eggs Extras 22c firsts 20c packing stock 18c. New York Produce reports eggs steady with 15 026 cases received.
Raw sugar and molasses show quiet trading with test figures around 8test 3.55 and 89-test 3.30. Petroleum remains steady while hides and leather firm reflecting steady demand.
Explanatory observations recorded at 8 a m local time note air pressure, isobar and isotherm curves, and weather symbols. Temperature and precipitation readings for past 24 hours marked. wind direction shown by arrows. Forecast through Thursday predicts fair conditions for San Antonio and vicinity and generally fair in Far East Texas.
Chicago market report notes bearish tilt on spring wheat amid good forecast. Wheat prices opened lower and ended mixed with December at 92 3 4 cents and September at 93 cents, while corn and oats moves reflected weather conditions and cash demand.
Chicago quotations today show cash wheat at No. 2 red 1.05 to 1.06 with higher grades around 1.04 to 1.06. No. 2 corn trades near 0.79 to 0.80, No. 2 white around 0.81 to 0.82, and No. 2 oats about 0.33 to 0.34 per bushel.
Aug 21 dull market with buyers holding off as cattlemen keep cattle on ranges. Receipts light cows 126 calves 36 hogs 165 with best cows $4 and $3.40 to $4 for others calves up to $4.50 hogs cleared at $8.25. No sheep or goats offered.
In Fort Worth on Wednesday activity rose at the stockyards with strong beef steer trading and steady calves. Cattle receipts reached 3800 with top steers at 6.20 and calves to 6.25, hogs at 8.00, and sheep with lambs at 6.50. Buyers moved early, hoping for firmness though hogs may drift lower.
Today's Chicago market summary shows cattle receipts at 14 000 with prices for beeves 5 85 to 10 55, Texas steers 5 00 to 8 15, Western steers 6 25 to 8 85, stockers 4 25 to 7 25, cows 2 66 to 8 15, calves 6 50 to 10 00. Hogs receipts 28 000, market dull and five cents lower with light 8 05 to 8 65, mixed 7 40 to 8 65, heavy 7 75 to 8 53, pigs 5 60 to 8 15, bulk 8 10 to 8 50. Sheep receipts 25 000, market steady to strong. natives 3 20 to 4 25, western 3 20 to 5 25, yearlings 4 30 to 5 25, native lambs 4 49 to 7 00, western 4 30 to 7 15.
Receipts total 2000 cattle including 600 Tex ang. Market steady with native beef steers from 5.60 to 10.00, Texas and Oklahoma steers 4.50 to 7.90, cows and heifers 3.60 to 7.60, calves in carloads 5.50 to 8.50. Hogs receipts 5500, market strong with pigs and lights 7.50 to 8.75, mixed and butchers 8.50 to 8.70, good heavy 8.50 to 8.60. Sheep receipts 3000, market steady native muttons 3.25 to 6.00, lambs 5.25 to 8.25.
Cattle receipts 10 000 including 2500 southerns with steady to 10 cent gains. Native steers 7.00 to 10.40, southern steers 4.50 to 6.75, southern cows and heifers 3.25 to 5.70. Hogs receipts 4500 market weaker. bulk 3.35 to 3.55, packs and butchers 8.26 to 8.60, lights 8.35 to 8.60, pigs 5.60 to 6.75. Sheep receipts 6000 market steady. muttons 3.25 to 4.25, lambs 5.50 to 6.50, range wethers and yearlings 3.25 to 4.76, range ewes 2.00 to 3.80.
The Houston district reports generally fair weather with temperatures above normal for the past 24 hours ending 8 am. Lower temperatures occurred in the last 12 hours with rainfall data noted but not used in calculating averages. Allen Buell local forecaster Weather Bureau.
New York August 21. The opening shows heaviness in Canadian Pacific, down a point, while smelting steel and amalgamated led gains among market leaders. Railroads and specialties split on advances, with Liggett Lorillard and Snuff rising 1 to 8 points. Ontario Western climbs two points. bonds irregular. By noon Amalgamated and Anaconda gain, but gains fade in final hour as bulls retreat.
New York market report shows prime mercantile paper at 5 1 4 percent. Sterling exchange steady with bank bills at 4.845 and 4.8720 for 60 day and demand. Commercial bills 4.84 percent. Silver at 62.5 cents, Mexican dollars 48.5 cents. Government bonds steady, railroad bonds irregular.
New York on August 21 reports money on call steady at 2 percent with a ruling rate and closing bid at 2 percent. Time loans also steady with 3 percent for three days, 4 percent for 90 days, and six months at 4 percent.
New York reports mixed metal prices with August and September data for copper and electrolytic readings, tin steady to firm, lead and spelter firm, antimony steady at Conkson's $8.60, iron unchanged. The notice lists ranges for copper, tin, and alloy components with daily shifts and market tone.
Observations recorded at 2 A M show wind direction and speed, temperature, rainfall, and overall weather state. Details are listed by wind, temperature and precipitation readings for the early hours.
New York cotton futures rise as demand surges around opening prices with big buying helping prices move 8 to 12 points net higher by midday. Private crop reports remain favorable, with some insect damage and exports cited as fresh buying factors amid a nervous market.
New York cotton futures opened steady with January near 11.17 and December around 11.20. Prices fluctuated through the session with gains and losses but settled steady, posting varied high and low marks across months including March 11.28 11.30 and May 11.36 bid.
New Orleans cotton futures opened steady then rose 6 to 8 points before easing back to near yesterday's close. Cables lagged and weather news favored balanced dry conditions in the east and moisture scarcity in the west. Mississippi reported the first bale of the new crop but market chatter remained mixed with bearish acting leading operators.
Futures markets showed steady openings in New Orleans with January at 11.34 35, March 11.44 bid, May 11.60 asked, August 11.48, September 11.27 29, October 11.256 2, December 11.28 bid. Open high low close figures hinted at a modest net gain across contracts.
Spot cotton in limited demand fell seven points. American middling fair 7.354, good middling 6.964, middling 6.654, low middling 6.31d, good ordinary 6.834, ordinary 6.36d. Sales total 6000 bales, including 4400 American, 600 for speculation and export. Receipts 2000 bales, no American acquisitions.
In Liverpool on August 21 futures opened easy and closed steady with listed prices for the upcoming months including August through July for sugar contracts. Trading showed modest shifts as markets weighed near term demand against supply projections.
In New Orleans on August 21 spot cotton closed easy with declines from 1 to 1 1/4 cents. Sales on the spot were 11 bales. arrivals zero. Quotations ranged from low ordinary 8 8-16 to strict good middling 12 3-4 cents, with receipts 144 and stock 23,223.
Spots cotton in Houston on August 21 closed steady with price ranges from 7 3/4 to 12 1/2 cents per pound for different grades. Sales reached 6152 bales, with stock at 23,072 and shipments totaling 9609.
Galveston Tex August 21 spot cotton closes steady with no change. Prices range from low ordinary to good middling with middling 12 1/2 cents. Sales 36 bales, receipts 6511, stocks 56488.
New York on August 21 reports spot cotton closing quiet with middling uplands at 11.84 and middling gulf at 12.05, sales totaling 142 bales.
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