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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Dec 19, 1912
Page
10
Dec 19 Traders start dubiously as Union Pacific talks with the attorney general spark early selling. Southern Pacific slips to 104, others retreat while gains later appear as buyers step in. Overall market recovers before noon with active stocks rising. tone turns dull after midday with mixed results and closing strength.
New York on December 19 reports money on call is easier with the ruling and bid rate at 4 percent. Offered at 4 percent, short-term loans for 69 and 90 days bring 6 percent, while six months loans stand at 6 percent.
In New York on December 19 close: prime day bills at 4.85 35 for demand. Commercial bills 4.80 percent. Silver at 63 percent. Mexican dollars 49 percent. Government bonds steady, railroad bonds irregular.
New York copper prices drifted dull with spot bids and December at 16.75. January to March at 16.75 to 17.00, electrolytic and lake about 17.63, casting 17.25. Tin weak at 4.99 spot, 4.99 December, 19.74 for January-February. Lead and spelter quiet around 4.25 and 7.20 respectively. Antimony quiet with Cookson’s at 10.50. iron barely steady.
Copper, tin, lead and zinc prices featured modest moves in London. Copper steady at spot 74 pounds 7s 6d and futures 75 pounds 10s. Tin firm at spot 227 pounds 10s and futures 227 pounds 10s. Lead at 18 pounds 2s 6d, spelter 26 pounds 10s, Tron Cleveland warrants 66s 9d in Lon.
San Antonio drummers and traveling salesmen from wholesale houses will drop into town for Christmas, wrapping up winter business as they plan spring lines. Retailers note unprecedented territory reach, with buyers returning home to inventory time between holidays. Butter prices edge down due to quota removal, while corn syrups and starches rise after two weeks of price increases.
Quotations from Chicago today show butter firm at 26 to 33 cents, creamery receipts 1544 cases with fresh arrivals 19 to 22 cents and firsts up to 24 cents. Cheese prices listed for Daisies Twins Young Americas Long Horns at 16 to 17 cents. Potatoes steady with 15 cars received. Michigan Minnesota and Wisconsin prices 46 to 50 cents. Poultry steady with live turkeys and chickens at market and springs 10 to 19 cents. veal at 9 to 10 cents.
In St Louis on December 19 quotations show poultry prices with chickens at 9 1/2 to 9 3/4 cents, springs 9 1/4 to 9 1/2, turkeys 11 to 11 1/2, ducks 13 cents, geese 11 cents, butter creamery 27 3/6 to 28 3/6 cents, and eggs at 23 cents.
Quotations at Kansas City show creamery butter at 33 cents, firsts 21?2 cents, seconds 29 cents, packing stock 20 41/2 to 21 1/2 cents. Eggs call for extras 26 1/2 cents, firsts 23 1/2 cents, seconds 13 cents. Poultry prices list hens at 10 cents, roosters at 0, young turkeys 9 to 10 cents, ducks 13 to 14 cents.
New York market notes raw sugar steady with Muscovado 89 test at 3.42 cents and centrifugals at 3.92, molasses sugar at 3.87. Refined sugar, petroleum, and molasses steady. Hides easy. Bogota quotes 27 28 cents, Central America 27 cents, leather firm.
New York reports Dec 19 receipts 3781 cases of fresh gathered dir ties 16 18c checks 14 16c. American chewing gum is now being sold in all large cities in Germany.
Chicago notes show wheat easing after an opening drop, May contracts slipping to around 90% cents, corn easing to about 48 1/4 cents with tentative demand. oats hold firm. Date futures remain comparatively steady. May pork, lard, and ribs mix with slight gains before a final downturn in wheat. Provisions dull but steady overall.
Quotation details show cash wheat prices in Chicago: No 2 red 1.09 to 1.10, No 2 hard 87½ to 91 cents, No 1 northern 88½ to 89 cents, No 2 northern 87 to 88 cents, velvet chaff 88 to 88 cents, durum 89 cents. No corn trading.
Cash wheat prices listed as No 2 red 1 03 1 09 No 2 hard 85 percent 92 cents No 2 corn 4644 47 cents No 2 white 48 percent he Oats No 2 33 cents No 2 white 35 cents Close May wheat 97 percent 9 2 cents July 86 percent 86 cents Corn May 47 cents July 48 cents Oats May and July 38 cents
Cash wheat quotes show No 2 hard 83 87 percent and No 2 red 1.00 1.03 with No 3 and No 3 mixed. Corn quotes list No 2 mixed 47 percent and 46 percent, No 2 white 46 percent and No 3 4Te. oats No 2 white 34 35 ic with May and July futures for wheat at 8.53 percent and 82 percent, corn May 47 cents and July 49 39 percent, oats May 34 cents.
Paris reports three per cent rentes at 81 70 for account, private rate of Faeh Bespegnet noted with changes.
At Union Stock Yards on December 19, entries totaled about 700 head including 500 cattle and 150 calves with 30 horses and 20 hogs. Cattle sold steady with best cows around 4.25 and bulk 3.50 to 4. Calves to 5.26, hogs 7 to 7.50, beef expected lighter dining week as turkey rises, veal and lean beef still sought.
Cattle receipts estimated at 3500 with 1200 calves as demand stayed active. Beef steers sold $5.00 to $6.50, one car hit $6.50. feeders and cows steady. Hogs 2000 head, prices up 10 cents, top $7.60, bulk $7.36 to $7.65. Sheep light, lambs at $6.65.
New York December 19 Cotton opened steady to an advance on overnight buying and trade support then slipped to a net loss of 3 to 4 points midmorning. By noon prices were 2 to 3 points under yesterday’s close, spot middling uplands at 13.10. Afternoon trading held steady to firm with gains of 8 to 9 points from the previous close.
In New York on December 19, cotton futures opened steady with Dec at 12.79 and later months around 12.82 to 12.86. The session closed barely steady with mixed quotes across the curve, showing slight firming and modest daily volatility.
New Orleans December cotton futures opened steady to down three points from yesterday with dull ring activity. Cables were mixed as traders awaited the census report and political news from Liverpool. favorable weather and early plowing spurred some short selling, while later demand from shorts helped steady prices before midday.
New Orleans cotton futures opened steady with December at 12.95 to 12.97, January 12.99 to 13.04, March 13.03 to 13.05, May 13.11, July 13.18 to 13.20. Close marked a net decline of 3 to 6 points. session ranges shown with highs and lows.
Spot cotton in fair demand with steady prices in Liverpool. American middling fair 7.674, good mid dling 7.338d, middling 7.134, low middling 6.95d, good ordinary 6.494, ordinary 6.014. Daily sales 10,000 bales including 1500 for speculation and export and 9200 American. Receipts 53,300 bales, all American.
Chicago market report shows cattle receipts 4600 with steady to slightly higher prices. Reeves range 5.45 to 9.75, Texas steers 4.40 to 5.65, western steers 5.25 to 7.50, stockers 4.20 to 7.26, cows and heifers 2.70 to 7.50, calves 6.50 to 10.00. Hog receipts 20,000 with strong to five cents higher. Light hogs 6.80 to 7.20, mixed 6.90 to 7.32, heavy 6.85 to 7.35, rough 6.85 to 7.05, sows 5.00 to 6.75, bulk 7.05 to 7.26. Sheep receipts 15,000, market steady to five cents higher. Native lambs 3.85 to 6.10, western 4.00 to 5.10, yearlings 5.40 to 6.75, native lambs 5.75 to 8.10, western 6.00 to 8.10.
In Liverpool on December 19 futures opened firm and ended barely steady with values for Dec 6.884 and various forward gaps including Dec-Jan 6.851464 and Aug.-Sept 6.66d, outlining a steady curve across months from Dec to Nov.
At New Orleans on December 19 clean rice held steady while rough Honduras and Japan remained firm. Quotations showed rough Honduras at 2.50 to 4.65 dollars, Japan 2.75 to 4.10, and clean Honduras 4 sc to 4%5e. Receipts totaled 40?80 with millers at 1762. sales included rough Honduras 2938 at 3.85 to 4.60, clean Honduras 1395 at 4% to 5%e, and Japan 405 at 35ac.
ST LOUIS December 19 Wool markets show steady tone with medium grades combing and clothing priced 23 to 26 cents per pound, night line 19 to 20 cents, heavy fine 13 to 18 cents, tub washed 27 to 26 cents. price ranges indicate stable demand across fine to coarse quarternions.
New York middling 18 20 cents New Orleans 18 cents Houston 12 percent e? Galveston 18 cents Liverpool 7 184 middling Memphis 13 percent o.
On December 19 in St Louis receipts reached 4000 cattle including 2000 Texans with steady trade. Native beef steers sold from 4.90 to 10.75, Texas and Oklahoma steers from 5.00 to 7.90, cows and heifers 3.55 to 5.00, calves in carload lots 5.00 to 6.50. Hogs totals hit 10,000 with the market up 6 to 10 cents. pigs and lights 6.40 to 7.30, mixed 7.00 to 7.36, good heavies 7.30 to 7.35. Sheep receipts 1400, market ten cents higher. native muttons 4.10 to 4.50, lambs 6.60 to 8.00.
Kansas City reports today show cattle receipts 3000 including 600 southerns with strong market. Native steers 6.50 to 10.00, southern steers 4.75 to 7.40, cows and heifers 6.25 to 8.60. Hogs receipts 6000, market strong to 0.10 higher, bulk 7.05 to 7.30, heavies 7.20 to 7.35, packers 7.10 to 7.30, lights 6.90 to 7.15, pigs 5.75 to 6.50. Sheep receipts 2000, market strong to 0.10 higher, muttons 3.75 to 4.75, lambs 6.0 to 6.0, yearlings 4.00 to 6.75.
New Orleans reports cotton spot firm with middling at 13 cents, sales on the spot 980 bales and arrivals or shipments totaling 800 bales. Receipts reach 6307 bales and stock stands at 237,768 bales with varied quotations from low ordinary to strict good middling.
New York on December 19 reports spot cotton closing steady with Middling uplands at 13.20 cents per pound and do gulf at 13.45. Sales reach 1600 bales as buyers and merchants assess current demand and prices.
MEMPHIS TENN December 19 Spot cotton held steady with middling grade at 13.75 cents per pound as buyers and sellers paused for direction in the midday market update.
Galveston ships report arrivals including El Norte New York Thistleard Algeri Crawley Port Aransas Santiago New York Monadnock Cleared steamers Posilivo Genova Conde Wifredo Barcelona Dunster Hamburg Ardanmohr Bremen Tertia Copenhagen Sailed steamers San Jacinto New York Maagshaven Rotterdam Southgate Havre Ventura de Larrinaga Manchester.
Cottonseed products in Memphis show prime basis oil at 6.470 with meal around 25.50 to 26.00 and Unters at 4.00. New York market closes firm with spot near 6.20 to 6.50 and futures for December to June trading in the 6.20 to 6.39 range. Three fourths of calls involve March May July sales, totaling around 3200 units. Lead prices in St Louis sit near 4.17, with Spelter at 7.15 to 7.20. Captain W I Chambers touted Glenn Curtiss device to launch hydro aircraft from warships as a major historic breakthrough comparable to wheels on land machines.
In New York on December 19 the cotton goods market remained quiet and steady. Yarns stayed very firm and carded yarns rose, while worsted yarns sold well for the heavyweight season. Jobbers noted seasonable trade with heightened focus on quick holiday goods.
London market summary reports Consols for money 74 with accounts 743 16, bar silver at 293 16, money 3 percent 4, discount for short bills 44 6, 3 months bills 5 4 percent.
In New York on December 19 coffee futures held steady with No 7 Rio trading at 14% against a March price of 13.80 and May at 14.00, signaling stable sentiment in the commodity market.
Policeman Harry Moore and his tortoiseshell cat Tabby patrol California avenue nightly at 10 30. Tabby checks empty houses and signals Moore with a tail shake when work is clear. She stays close near Forsythe street to dodge dogs and even warns of the superintendent’s car and helps locate intoxicated individuals.
A rabbit led four hunters in Adams Massachusetts to a forgotten farm hideout where five 1909 quarter molds and two bags of un stamped metal for $1000 in coin were uncovered. Federal authorities were alerted as police confirmed a counterfeit operation in Hoosace mountain area.
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