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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Dec 15, 1912
Page
27
Chicago Wheat receipts ease while corn movement rises amid mixed buying and selling. May wheat bids rise on hopes of better cash demand. overall market unsettled with flour exports aiding demand. Cash wheat prices range with No 2 red at about 1.02 to 1.04, corn around 66c, oats narrow.
Daily market quotes list prices for cash wheat corn and oats with No 2 red and hard wheat figures and May and July futures for wheat corn and oats. Prices show slight changes with May and July futures cited for each commodity and a mix of fractions and percentages in the St Louis market report.
Quotations show cash wheat at prices around 83 87 1 2 cents for various grades and corn around 46 cents a bushel. May and July future prices for wheat at 84 3 4 cents and 81 4 %. Corn May and July at 46 1 2 cents. Oats May at 34 1 2 cents.
Coffee futures edged higher on December 14 as European cables beat expectations. Prices for various delivery months rose with December through November contracts closing firmer and total sales at 56,500 bags. References to Rio and Hamburg markets appear in the report.
Domestic refined sugars stay at 4.90 for fine granulated. Spot raws unchanged at 4.05 centrifugal 3.55c Muscovado and 8.30 for molasses. European beet sugar market softer with December beets down to 9s 6½d and January and May bids mixed from 9s 7½d to 10s.
The brief notes record weather observations at 8 p m on a Saturday in mid December 1912. Specific conditions are unreadable but imply manual meteorological logging for the period.
New Orleans reports the weekly cotton statement shows total movement into sight up 58,000 bales from last year, but the week’s movement is 90,000 bales below last year and 30,000 below 1910. cumulative figures for September 1 to date reach 8,350,332 bales with higher inland exports and steady seaboard stocks.
Los Angeles reports indicate California growers expect a record orange harvest with an estimated 60 000 carloads shipped statewide. Improved cultivation and larger acreage drive the rise, surpassing last season’s 40 000 carloads and the previous high of 46 399. Much fruit is still wasted or diverted to local traders.
Columbia, Mo, December 14. The state crop report values farm products and livestock for 1912 at over 750 million dollars with field crops exceeding 200 million. Corn yields 248,042,961 bushels up 50 million from last year while wheat runs 21,546,720 bushels and oats 29,488,404 bushels. Livestock shortfalls show hogs at 70 percent of normal and cattle at 67 percent as cholera losses hit livestock feedings.
Clearing house banks and trust companies report excess cash reserves of 8,074,650 dollars over required levels for the week, up 65,609,450 from last week. Figures include loans, deposits, specie, and national bank totals with notable declines in deposits and mixed movements in other cash categories.
The Weather Bureau reports Willis L. Moore as chief. On Saturday December 14 1912 the high was 54, low 39, average 46 with normal 63. Daily deficiency 7 and cumulative deficiency for the month 47 from January 1. Accumulated excess 568. Total precipitation none. normal 0.08 inches.
At Union Stock Yards Fort Worth on December 14 traders describe cowmen as keeping cattle on grassy ranges to preserve value and liquidity. The country wet spell slowed in country sales but buyers are expected to return Monday with fresh consignments. Week’s prices show cows 4.00 to 4.25, calves 3.50 to 4.00, hogs 7.00 to 7.25, best cows 4.60, calves 5.26, few sheep or goats offered.
An El Paso convention this spring will feature a lively program led by a committee of Marian Lawson Sam Davidson Burk Burnett Al McFaddin James Callan W. D. Reynolds and G. W. Armstrong. The executive committee met in Fort Worth last week admitting 51 members including D. B. Zimmermann Somerset Pa and Hudspeth Tul lana El Paso.
Bradstreet reports weekly business failures at 279, down from 286 last week and 309 a year ago, while New York notes the largest holiday retail trade in history. Buyers show strength across dry goods, textiles, and leather markets as labor remains plentiful and inventories rise ahead of Christmas.
Cattle receipts about 800 head with Mexicans and stockers dominant. Mexican cows sold at 3.75 and steers around 4.15. stocker cows 3.40 to 4.25. stocker heifers 4.16 to 4.26. calves mixed. Hogs about 750 offered, top around 7.65, bulk 7.20 to 7.46, market steady with shipments fairly well received.
The Texas potato crop faced financial failure last year yet acreage remains set to grow. Seed potatoes climbed 25 cents to 1.40 per bushel, with Maine and Minnesota supplies limited by dry weather. Groundbreaking for planting is delayed and wholesalers shifted to retailers. Cane sugar market shows little demand as beet sugar undercuts. cane sugar and refined cane are priced at 5.50 and 6.35 940 respectively.
Cattle receipts 300 with 200 southerns. native steers 6.76 to 10.75. southern steers 5.00 to 7.10. southern cows and heifers 3.75 to 6.50. Hog receipts 2000. bulk sales 7.00 to 7.30. heavies 7.25 to 7.40. packers and butchers 7.16 to 7.36. lights 7.00 to 7.26. pigs 6.25 to 6.75. Sheep receipts none. muttons 4.00 to 6.25. lambs 6.25 to 8.00. range wethers and yearlings 4.50 to 7.00. range ewes 3.25 to 4.50.
Receipts today at St. Louis: cattle 3000 including 1000 Texans steady market. Native beef steers 5.60 to 10.76, Tex and Oklahoma steers 5.00 to 7.75, cows and heifers 3.75 to 5.00, calves in carloads 5.00 to 6.60. Hogs receipts 3300 steady with pigs and lights 6.00 to 7.40, mixed and sasha 7.25 to 7.60, good heavy 7.40. Sheep receipts 2500 steady with verve muttons 4.50 to 6.00, lambs 5.50.
Chicago reports receipts: cattle 700 weak demand with values from 5.70 to 11.00 for calves. Hogs receipts 8000 with market steady to strong and typical sales around 7.20 to 7.45. Sheep receipts 1000 with steady markets. native and western offerings price ranges listed.
A dense catalog of wholesale prices for poultry meats such as large hens at 6.00 to 6.50 dollars per unit, fryers and broilers by the dozen, and turkeys by weight. It lists dairy items like creamery butter and cheese, eggs by the dozen, and a wide range of fruits, vegetables, and staples with regional price variations, unit sizes, and crates or boxes. Includes tomatoes, potatoes, onions, cabbage, lettuce, celery, cucumbers, cranberries, beans, okra, cauliflower, corn, squash, wax beans, apples, grapes, oranges, lemons, bananas, syrups, molasses, corn syrup, maple products, nuts, and almonds with specific weights and prices.
Market notes show butter firm with creamery quotes 27 to 35 cents and fresh current 19 to 22 cents. Cheese steady at 16 to 17 cents. Potatoes and receipts noted at 40 cars. Poultry steady with live turkeys 15 cents and chickens 11 to 13 cents. At St Louis quotations list poultry weak, chickens 9 to 11 cents, turkeys 17 cents, ducks 13 cents, geese 11 cents. butter 28 to 36 cents. eggs 24 cents.
Kansas City notes butter esss and poultry unchanged. New York report notes eggs firmer with 4454 cases fresh gathered extras. Coffee futures firm with Rio de Janeiro coffee March 13.66 May 13.84.
New York December 14 cotton closes near season highs as bulls hold the line. The ginning report and government production estimate for 1912 put output around 13.82 million bales with linters, about 14.25 million including linters, vs 14.75 million needed. Trade watches southern spot markets while census data awaits an uncertain crop size.
New Orleans and New York market reports show cotton futures closing steady to higher than the prior week. The gains span from about 16 to 25 points in New Orleans and 389 to 91 points higher in New York, reflecting a stronger weekly close.
The report lists last year and season totals for Europe India Egypt United States and world visible supply. It notes spinners stocks in Northern and Southern regions foreign spinners and stock levels in U.S. ports interior towns and Liverpool with figures in the hundreds and thousands.
Net receipts at all U S ports for the week amount to 888 303. This compares with 460 169 for the same week last year. Year to date receipts reach 6 262 310, with total receipts to the same date 022 208.
The report shows 441,900 exports for the current week versus 419,537 for the same week last year. Export totals since September 1 reach 4,591,461, with the same date last year at 5,108.
Port receipts this week show overland to mills and Canada totaling 808,008 with further mill takings and interior stock brought into sight. Exports to Great Britain France the continent and to Mexico and Japan are listed, along with season totals and added receipts for the period.
Liverpool December spot cotton prices remain steady with American middling fair at 7.684 pence per pound, middling 7.15d, and low grades down to 6.03d. Knot totals show 6000 bales traded, 600 for speculation and export, 6700 American included. Receipts reach 25,000 bales, including 16,100 American.
Liverpool reports futures opened firm and closed quiet with fixed price quotes across various monthly spreads from December through October next year, listing percentages and dials for each pairing.
New Orleans spot cotton holds steady at 12 1/2 cents for middling with sales on the spot and to arrive totaling 340 and 250 respectively. Quotations list various grades with values from low ordinary to strict good middling and middling categories. Receipts reach 8,913 with stock at 196,621.
Houston bulletin reports a steady spot market with fractional gains percentages. Sales were 453 at f o b 1165 shipments 16481 stock 153173 with grade ranges from low ordinary at 8 percent to good middling at 13 percent and middling fair at 13 percent.
Galveston figures show spot cotton closing steady with a fractional rise. Quotations range from low ordinary to good middling with a broad sales and receipt activity and stock at 608 220.
In New York on December 14 spot cotton closed steady with middling uplands at 13.20 cents per pound and gulf at 13.45 cents. No sales were recorded.
Memphis Tennessee December 14 spot cotton steady unchanged middling price 13 1/2 cents per pound with buyers and sellers holding to current levels.
Central America hides show mixed quotes with numbers 28 to 29 and 27 to 28 for yee. Leather firm with Hemlock firsts at 28/29, thirds 24 25, rejects 19. Market notes indicate steady activity on December 14 in New York.
Prime basis meal quoted at 25.50 to 26.00 with linters at four cents. New York cotton seed oil closes softer with spot at 6.20 to 6.20, December 6.27, January 6.23, February 6.25, March 6.32, April 6.34, May 6.83, June 6.43, July 6.46. Total barrels sold 3,800. Metals dull with copper around 17.62 to 17.87.
New York trading saw violent fluctuations as Union Pacific collapsed to its lowest price since 1908. Reading Canadian Pacific Amalgamated Copper and American Smelting also fell while Southern Pacific and United States Steel showed relative strength amid a broader downturn.
New York on December 14 reports prime mercantile paper at 6 percent while sterling exchange remains strong with 60 day bills at 4.81 and demand at 4.85.50. Commercial bills at 4.80. Bar silver at 63 percent and Mexican dollars at 49. The market notes government bonds steady and railroad bonds irregular amid active bankers' bill dealings.
The New York money market shows nominal money on call, with time loans easing. Rates for 60 and 90 day terms at 6 percent, and six months at 5 percent are noted.
In St. Louis metal market notes dated December 14, leading company Lead firm shows a 4.17 percent move and Spetter firm records a 7.12 percent change as the session concludes.
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