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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 29, 1912
Page
9
Explanatory notes from the Weather Bureau describe observations at 8 a.m. and maps showing air pressure and temperature. The forecast for San Antonio and vicinity calls for tonight and Friday to be fair, with East Texas generally fair tonight and Friday.
Produce houses gain a big share of the brick business in the district as US supplies of melons and vegetables tighten. Texas yams flood the market while peaches stay scarce and prices hold. Alaska salmon futures dip with a later pack. salmon demand runs high into autumn. Louisiana offers new rice soon.
The notice itemizes prices paid to shippers for poultry dairy produce vegetables fruits and staples. Notable figures include large hens seven dollars a dozen medium hens six, frying chickens four sixty to five, turkeys fourteen to fifteen cents a pound, butter creamery twenty seven to thirty cents, eggs fifteen cents a dozen. Also listed are fruits such as peaches four basket crates and California Valencias three forty to three seventy five per box, onions Bermuda yellow seven cents per pound, cabbage one and two tenths per pound, and various canned goods flour and oils with bulk price ranges for retailers. The sheet reads like a general market summary from a farm supply or country producer section.
At Union Stock Yards August 29 receipts were moderate across cows calves and hogs. Cows topped at 4.26 with calves around 5. A typical grown cattle price range was 3.50 to 4.00. hogs sold 7.75 to 8.26. Sheep or goats did not appear by noon.
A Texas cattleman notes profits this year but expects a 40 percent drop in fall stocker numbers as western stock feeders pull back. Officials predict a cattle shortage after November with high beef and rising mutton appeal as mutton prices stay favorable. Local ranchers travel, gather, and report good ranges while onion crops expand in Laredo.
In Bucharest a farm superintendent M Vechiu faced an attack by about fifty women after he refused a demand to let cows graze on his land. He fired over their heads to scatter the deputation, and the milkmaids advanced until rescue came with Rheoberth intervening.
CGW values show a weak streak in the Fort Worth stocker market with about fifty loads marketed. Country buyers stayed strong but the market closed lower while not disastrous. Hog top hits $9.15, cattle at $5.20, calves $7.50, hogs up to $9.15, sheep steady.
Receipts today show cattle 3500 with market steady to strong and price ranges from 5.85 to 10.76 for calves. Hogs receipts 15000 with market slow and prices from 6.65 to 8.90. Sheep receipts 33000 with market steady to lower and prices from 1.50 to 7.15 for lambs and yearlings 4.50 to 5.55 for muttons.
Receipts at St Louis on August 29 total 4500 cattle including 500 Texas animals and 2500 hogs and 2500 sheep. Cattle prices range native beef steers 6.50 to 10.60, Texas and Oklahoma steers 4.00 to 8.00, cows and heifers 3.50 to 7.50, calves 5.50 to 8.00. Hog prices 6.50 to 9.00 for pigs and lights through good heavy at 8.70 to 9.00. Native muttons 3.75 to 5.25, lambs 5.50 to 7.00. Market overall steady.
Receipts and quotations for cattle hogs and sheep listed for Kansas City on Aug 29. Cattle receipts 4000 incl 1000 southern. native steers 6.60 to 10.60, southern steers 4.50 to 6.25, southern cows and heifers 3.25 to 5.25, calves 5.00. Hogs receipts 3500. bulk 8.50 to 8.70, heavies 8.40 to 8.55, packers 8.50 to 8.79, lights 5.50 to 8.76, pigs 6.00 to 6.75. Sheep receipts 5000. muttons 2.50 to 4.40, lambs 6.00 to 6.85, range wethers and yearlings 4.00 to 4.25, range ewes 2.25 to 1.60.
Quotations show butter and eggs steady with creameries and cheeses firm. Potatoes hold at varying regional prices as receipts reach 50 cars and poultry bids stay firm with turkeys at 12 cents and chicks at 13 to 14 cents.
Quoted market report shows poultry steady with chickens at 11 to 12 cents, springs 16 cents, turkeys around 17 1/2 cents, ducks at 9 to 11 cents, geese not clearly noted. butter markets firm with creamery at 23 to 26 cents. eggs steady at 18 cents.
Kansas City market prices for dairy and eggs listed on August 29 with butter at 21 to 22 cents, creamery firsts 22 cents, seconds 20 to 21 cents, packing stock 20 to 21 cents. Eggs show extras 22 cents, firsts 20 to 21 cents, seconds 1 cent.
New York Ave 29 reports steady receipts at 12 306 cases with no change in demand. Buyers maintain cautious stance as distribution channels show consistent flow and pricing remains stable across the day.
New Orleans market brief shows rough rice activity from Honduras and Japan. Receipts list rough 4128 with millers at 11 dollars, clean rice none. Sales note rough Honduras 4228 at 3.50. clean Honduras 7579 at 24, 644c. Japan 945 at 3% 4%c. Quotations set rough Honduras at 3.50 to 4.20, clean Honduras 1% to 5c.
On August 29 in New York Raw sugar grades show centrifugal 86 test at 4.23 cents Muscovado 89 test 3.73 cents molasses sugar 89 test 3.48 cents refined sugar firm. Petroleum steady. Molasses quiet but steady. Hides firm. Leather quieter.
St Louis wool market steady with mid grades covering 23s and 26s in clothing and cam- 26s. Fine wools show light to heavy ranges from 13 to 21 cents with tub washed lines quoted 26 to 35 cents.
Galveston updates show arrival of the steamer Nicaragua from Mexico and the Tam Pico yesterday. Cleared vessels include Senator, Wanderer, Havre, and El Cid headed for Havre New York and other ports. Sailed lists include Disa and Fredrick from Sweden and Britain bound for Norfolk Louisiana Liverpool and New York with details masked by OCR.
Wheat rose on news of rain in Great Britain and cold in Canada but gains were limited by expectations of a bumper Dakota Minnesota harvest. Corn prices firmed as shippers could not meet current demand. trading showed modest advances and specific cash and futures quotes for wheat and corn were listed.
Quotations today show cash wheat at No 2 hard 90 to 92 90s cents with No 2 red 98 to 101 cents. Corn No 2 white and No 2 mixed at 78 cents. Oats No 2 white 34 to 35 cents. Wheat closes Sept 99 90 to 92 cents Dec 99 3/4 to 99 1/2, May 93 to 94 cents. Oats Sept 38 cents Dec 33 1/4 to 33 1/2, May 35 1/4 to 35 1/2 cents.
Cash grain quotes list No 2 red wheat 1.0491.06 No 2 hard 4 96c Corn No 2 80 sc No 2 white 3c Oats No 232 33c No 2 white 35% Close Wheat Sept 94% Dec 95 Corn Sept T4% Dec b2%c Oats Sept 31GQc Dec 32%
Observations list wind direction and speed temperature rainfall and weather state for Thursday morning August 29 1912. A French actress offers a vivid simile for the fashionable silhouette likening it to a fish with a trout body and mushroom hat.
New York opened steady with an initial one point gain and about six to seven points higher early trading. Brokers in New York and New Orleans sold, the market turned nervous and irregular but stayed within two or three points of the best.
In New York on August 29 cotton futures showed a mixed start with January at 10.86 to 10.88, February offered, March around 11.01, May 11.07, June 11.12 offered, and October near 16.89 to 16.90 while December bid at 11.02. Prices closed easy with scattered bids and offers across contract months.
Cotton futures in New Orleans opened steady with a 7.9 point rise on good cables and no rain in the western belt. Liverpool spinners signaled buying interest while Texas crop conditions worsened. Shorts covered, buyers returned, but prices fluctuated from gains to slight losses by noon amid heavy spot offerings.
The market ends quiet and stable as Cotton futures slip about 546 points amid steady open highs and lows. The September to March bids show small movement with December rates near 11.04 and March around 11.19, reflecting cautious trading.
The Bank of England lifts its discount rate from 3 to 4 percent as a protective move against rising bills. Despite strong gold export position to Egypt, demand from American and other finance bills urged a quicker tightening, pushing bills toward the central bank and prompting an earlier rate hike.
New York stock activity showed an irregular start with copper and railroad issues weak. Amalgamated Copper, Isville & Nashville, Northern Pacific, and Pittsburgh Coal led losses while Steel advanced, and Canadian Pacific and Reading showed mixed moves as the market firmed by close.
In New York on August 29 the Louisville and Nashville railroad directors announced plans to raise the capital stock from sixty million to seventy two million dollars. A new twelve million dollars in common stock will be issued to stockholders at par. The directors met today to decide the increase.
London reports 280000 pounds sterling bullion moved into the Bank of England in one balance today as security for financial operations.
New York priced copper holds firm with August at 17.27 to 17.85 and September 17.35 to 17.50, October 17.35 to 17.62. Electrolytic copper around 174 to 176. Tin strong with spot to October at 46.50 to 47.00. Lead firm at 4.65 to 4.75, spelter 7.25 to 7.50, antimony quiet at Cookson’s 8.45. Iron markets firm and unchanged.
Closing spot cotton rose with demand up. American middling fair at 7.244 pence, good middling 6.84d, middling 6.444d, low middling 6.20d, good ordinary 5.72d, ordinary 5.244d. Day’s sales 6000 bales, 500 for speculation and export, 5600 American. Receipts 1000 bales, including 300 American.
Copper prices ease to 79 pounds 10s on spot trading with futures at 79 pounds 12s 6d. Tin holds around 211 pounds 10s spot and 210 futures. London lead at 20 pounds 10s and spelter at 26 pounds 15s. Local sales total 50,000 pounds spelter. Iron in London quoted at 638 pounds 3d Cleveland warrants.
Futures in Liverpool opened quiet and closed steady with March 6.00s to 6.20s and multiple near-term spreads such as Aug-Sept at about 6.20d and Dec-Jan around 6.97d, reflecting a calm trading tone.
In New Orleans on August 29 spot cotton softened with middling at 11 4/5 cents and various grades listed from low ordinary around 7 16 to 8 1/16 cents. Receipts show stock at 23,678 with no arrivals.
Texas City Texas August 29 The port received its first consignment of wheat for export as fifty cars arrived today. Twenty five more cars are at junctions awaiting trackage room at the elevator reports indicate.
Spot cotton closed easy by 1 16 to 1 4 cent. Price tiers showed low ordinary to good middling ranges from 6 6 14 to 11 9 16. Sales reached 10,486 with shipments 27,571 and stock reported at 36 665.
Bpows closed quiet with quotes for grades from low ordinary 11 16 to good middling 11 4, middling at 9 1 2, spot sales light. Receipts listed at 16 630 and stock at 83. Ti3, wecelpts appears as 16 630.
New York on August 2 reports quiet cotton trading with middling uplands at 11.25 and middling bales at 41.50, with 514 bales sold.
Memphis Tenn August 24 Spot cotton opened steady unchanged middling 11 1/2 cents.
In Memphis on August 29 the prime basis priced at 5.34 to 5.47 per unit with meal at 26,507 and linters at 2 percent, according to market notes.
Market notes show spot prices at 6.22 to 6.38 with contracts for Sept through March ranging from 5.99 to 6.38. Volume reports include 100 and 300 lots at various levels, while stray lines mention personal exchanges and a fragmentary local scene at Harold’s welding shop.
Local forecaster Allen Burl reports fair weather across the Houston district for the 64 hours ending today. Temperatures are above normal with rainfall measured at Amite 1.40 inches. Data covers stations in the district and uses 7 am meridian time readings.
Money on call firmer with ruling rate at 8 percent and closing bid near 2% to 3% and offered around 3 percent. Time loans show strength with 60 days at 4 4 percent, 90 days at 4% to 4 1 percent, and six months at 4% to 5 percent.
Close: Prime mercantile paper 5 percent. Sterling exchange steady with aduca business in bankers bills at 4.84.25 for sixty days and at 4.87.30 for demand. Commercial bills 4.83 percent. Bar silver 624, Mexican dollars 4815. Government bonds irregular, railroad bonds irregular.
Paris reports include three percent renter at 65 cents for the account and London exchange at 24 francs 27 centimes for checks. Private discount rate cited at two percent.
London financials show Consols for money at 7 16. accoount to 7 16. Bar silver steady at 28 7 16. Money 1 44 1 percent. Short bills 3 percent. Three months bills 34 percent.
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