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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 25, 1912
Page
11
Observations at 8 p m report air pressure at sea level and weather lines for equal pressure and temperature. Temperatures show max 97 and min 76 with daily average 86, normal 81 and monthly excess 6, accumulative 88 since January 1. Precipitation totals 0 inches for today, normal 12, with month and year deficits. wind at 7 p m southeast 11 mph. Sunrise 6 08 a m. sunset 7 04 p m.
Chicago reports a bear dominated wheat market in the first week, with ten bears per bull and expectations for continued weakness. Minneapolis and Duluth shipped 1666 cars of wheat last week, up 485 from the prior week, while cash wheat in Chicago and abroad showed limited bids and a surprising price strength in Liverpool.
Daily St Louis market report lists cash wheat at 1.03 to 1.05 for No. 2 and 92 to 95 for No. 2 tard, corn at 78 to 81 1 2 cents, oats at 38 to 35 cents, with September and December futures showing weakness across wheat corn and oats.
Chicago cash grain prices show mixed movement across wheat corn and oats. Prices list No 2 red wheat No 2 red yard No 1 northern and No 2 northern varieties with fractional quotes and various other wheat types. corn prices include No 2 and white and yellow variants. oats show No 2 and No 3 white and standard quotes.
Kansas City market report records cash wheat No 2 hard at 89 1 4 to 2c over. No 2 red at 89c to 1.04. Corn prices show No 2 mixed at 78 1 2c, No 2 white at 80c to 1.40 per bushel. Oats rise 1 4c with No 2 White at 34 1 2 to 5 1 40, No 2 mixed at 33 1 3c.
Weather report from San Antonio Texas notes 14 hour period ending 6 am with generally fair belt conditions and near normal temperatures. Rainfall of an inch or more reported at Mobile Fort Gaines Lake City Madison. Allen Buell local forecaster Weather Bureau.
Meager week ending August 23 reports from Texas Cattle Raisers Association show light consignments and steady livestock prices. San Antonio inspectors note drought and near exhausted water in ranges, while local butchers rely on Armour Morris and Swift for supplies due to limited packing capacity. Hogs hit a season high at 8.50 per cwt. best cattle around 4.25. calves 4.75. sheep and goats scarce.
Pacific Cold Storage chief Charles Richardson says imported beef from Arrow is necessary to fulfill government port contracts in Alaska due to Western range cattle scarcity. The story also notes Panhandle Texas hog fattening prospects with ample corn and forage and local cattleman activity including farm autos and political staff changes.
Prime mercantile paper quoted at 5 6% per cent. Sterling exchange steady with actual business in bankers' bills at 4.84 50 for 0 day bills and 4.87 20 for German commercial bills. Bar silver at 62 1/2 c, Mexican dollars 48 c. Government and railroad bonds steady with general market tone.
In New York on August 24 the cotton goods market was quiet with Vaan steady on finished goods. Some print cloths eased slightly while cotton yarns remained in fair demand and firm on price. Woolen goods were quiet amid high prices.
New York August 24 metal markets show copper prices steady with Lake and electrolytic copper at 17% a firm end unchanged. Market activity remains nominal with no notable shifts or trades reported.
R G Dun & Co reports robust crop prospects and full capacity in principal industries. Trade distributions expand while sentiment grows confident. labor shortages appear in wheat fields and some industries. Railroads order heavily, cars may be scarce. prices remain high. Building, iron and steel, copper, and hardware markets show renewed activity and premiums for prompt delivery.
Nominal values marked time on light receipts as 282 cattle 168 calves 1226 hogs 168 sheep and 37 horses and mules were traded. Cattle were mostly stockers with few calves selling readily while hogs totaled 1225 with 1219 sent to packers from St. Joseph. Sheep consisting of 120 bucks did not sell early in trading.
Cattle receipts 600 including 400 southerns. market steady with native steers 6.76 to 10.50, southern steers 4.50 to 6.60, southern cows and heifers 3.26 to 6.26. Hogs receipts 1000. market 50 cents higher. bulk sales 5.40 to 8.60, heavies 8.25 to 8.45, packers and butchers 8.40 to 8.60, lights 8.40 to 8.76, pigs 6.00 to 7.00. Sheep receipts none. market steady. muttons 4.25, lambs 5.60 to 7.00, range wethers and yearlings 3.50 to 6.10, range ewes 2.00 to 3.80.
Aug 24 at Louis Tive stock report shows cattle receipts 300 with Native beef steers 5.50 to 10.50, Texas and Oklahoma steers 4.75 to 8.00, cows and heifers 3.60 to 7.09, calves 5.50 to 8.50. Hogs receipts 500 with prices 6.50 to 9.85. Sheep receipts 300 with native muttons 6.25 to 7.00 and lambs 3.75 to 3.90.
Receipts total 200 cattle with dull demand and varied prices from Reeves five eighty to cattle and heifers four sixty five to eight ten. Hogs receipts about six thousand with bids up five cents. light to bulk sales range eight twenty to eight seventy. Sheep receipts two thousand with steady market. native and western sheep and lambs quoted in narrow bands.
Observations recorded at 8 and m on Saturday August 24 1912. Wind direction and velocity noted in columns one and two. Temperature rainfall and weather state described in subsequent columns.
Merchants expect a record week as Southwest buyers arrive for the San Antonio market under the Jobbers and Manufacturers league. A refund incentive for $750 purchases, new canned goods shipments from Baltimore to Galveston, and rising hog prices shape a strong trading period with sugar supplies tight and prices firm.
Butter steady no market data. Fegs steady with receipts of 10 179 cases. Cheese steady. Daisies 15 percent, Twins 14 percent, Young Americas 15 percent, Long Horns 15 percent. Potatoes steady with receipts 56 cars. Jersey 88, Minnesota 62, Illinois 50, Missouri 63. Poultry alive steady Turkeys 12 cents, chicks 13 cents, springs 16 cents. Veal steady 9 18 cents.
Quotations today show butter at 24 cents for creamery firsts 22 cents seconds 20 cents and packing stock 20 cents. Eggs list extras 22 cents firsts 20 cents packing stock none reported.
Poultry feet prices listed for chickens, springs, turkeys, ducks, and geese with small percentages. Butter firm with a creamery price of 23 and 26 cents. Eggs steady at 15 cents.
New York report notes batter firm and unchanged with receipts of 5403 tubs. Eggs steady and unchanged as 6970 units arrive. No other major price shifts reported this session.
New York reports coffee futures with No. 7 Rio at 14 percent in early trade. September contracts edge near 12.78 cents, while March trades at 13.06 cents with no notable tone.
Sugar market firm with prices for Muscovado 89 test at 610, centrifugal 96 test at 4.11c, molasses 89 test at 860, refined 5.80c, granulated 5.10c, powdered 6.20c. Petroleum market steady with refined barrels at 8.35 dollars. Molasses market quiet yet firm. New Orleans open kettle at 87 52.
The report notes firm hides in New York and quiet markets in Bogota and Central America. It lists prices for various items around 1911, including 20 to 25 cents, 8 shillings and pence, and mentions market runs with seconds and thirds. Dancing is described as original and tied to religious expression.
Eyes of the cotton world focus on the Texas crop as weekly trading closes virtually unchanged. Reports cite rain in Texas and Oklahoma driving bearish sentiment while European stocks and future hedge sales influence expectations of weaker prices. Traders foresee reluctant spinner and consumer appetite despite steady trade conditions and global confidence.
In New York on August 24 the cot ton market for the week ended showed gains of two to five points from the prior week while New Orleans reported unchanged to six points lower compared with the previous Saturday. The weekly comparison highlights a divergent trend between the two hubs.
Closing prices show little change as American middling fair gains 3 points to 7.434. Good middling 7.084 and other grades mixed. Total sales listed at 000 bales with 300 for speculation and export and 22300 American bales. receipts 12,000 bales with no American.
Futures opened steady and closed quiet in Liverpool with values for August through July futures across multiple delivery months. Prices include August 6.424 and September 6.84 percent and various spreads such as Oct-Nov 6.174 and Mar-Apr 6.15% d.
The cotton market last week saw little price movement with values within five points of the prior week’s close. Weather remained the dominant factor with forecasts mixed and traders debating crop condition. Texas figures show potential but warn of broader belt shortages. H A Hartman of Fort Worth noted bearish tilt while stressing need for Texas and Oklahoma bales to offset weaker regions.
Memphis August 24 prime basis for meal remains 26.50 to 27.00 dollars with a 3 percent margin noted for materials and market activity in cottonseed products.
New York August 24 Cottonseed market settles lower with spot 6.45 to 6.50 cents and various futures bids. September and October trade around 6.50 cents while December sees 6.12 to 6.14 cents. total sales reach 8400 units across multiple months.
Net receipts at all U S ports since September 1 reach 11 956 303 bales with stock at ports 252 162 and interior towns 74 640 Exports for the week total 526 064 versus 49 262 last year Liverpool stock stands at 642 000 with prior year comparison noted A afloat stock for Great Britain is 18 000 The report summarizes weekly and year to date cotton movement and stocks across ports interior towns and Liverpool with year over year contrasts.
New York August 24 report compares today’s closing prices with last week’s close on the New York Stock Exchange. The summary highlights weekly market progress and how active stocks performed during the period.
Leading spot markets in New Orleans report steady cotton with no arrivals on the spot. Daily sales on the spot show 18 bales. receipts total 179 and stock stands at 22,664 with price quotes across all grades from low ordinary to strict good middling and beyond.
Spot cotton in Houston on August 24 closed steady with quotes 8c for low ordinary to 12c for middling fair. Sales reached 2349 while shipments totaled 14,718 and stock stood at 29,272 leaving prices unchanged from the previous session.
Galveston cotton notes a quiet close with a decline of fractional cents. Spot grades range from low ordinary to good middling, with receipts at 19 146 and total stock at 90 567. sales f o b 1975 show no spot activity.
Open shows cautious tone as prices drift sideways. Spot gulf values hold near 11.70 cents with New York listings showing 11.95 cents for 1700 each. Trade activity appears subdued amid mixed demand and limited volume.
Memphis reports spots totten quiet unchanged middling 12 cents. New York money on call nominal with Time loans steady. Rates show 60 days 8 percent, 90 days 4 percent, six months 4 4 percent.
In Saint Louis on August 34 the wool market held steady with medium grade combing and clothing at 24 4 2? and 2 cents. light fine 19 2 cents. heavy fine 13 18 cents. tub washed 26 35 cents.
Paris on August 24 reports three per cent rentes at 92f 67% and exchange on London at 25 £ 27c for checks. Private discount rate stands at 2 percent.
London reporters say bullion amounting to two thousand pounds sterling was deposited into the Bank of England on balance today.
London on August 24 shows Consols priced at 769-16 for money and 759-16 for account with Bar silver steady at 28% The market notes 1% O% a cent discount on open market short bills at 8% per cent.
A fragment from St Louis metal coverage notes a lead firm in St Louis facing an impact from freight rate changes. The terse text mentions 4.45 and spelter related figures but lacks full context or outcomes.
The copper and general metal group push higher with United States Steel Amalgamated and Anaconda Mining posting yearly highs. The market factors include foreign alloy trends and anticipated shifts in stock issues affecting Canadian issues. Banks show excess reserves amid crop funding needs while western mills run at high capacity and delivery slips to next year.
New York banks show total reserve in vaults at 448.8 million with excess lawful reserve down to 15.1 million. Loans edge lower after adjustments, specie and legal tender decline, and deposits rise slightly in the week ending Aug 24. External bank totals for Greater New York also show declines in deposits and large currency movements.
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