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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 05, 1913
Page
26
New York cotton opened with 1 to 3 point gains and held near higher levels as Liverpool cables improve and dry goods demand improves. Midday trading saw 1 to 4 point net increases, with futures closing steady up 1 to 2 points.
New Orleans cotton futures opened steady with an 8 point advance on good cables amid cautious buyers and mixed spot demand. Weather was favorable with cold, clear belts, and early gains held though volumes were light as bulls bought modestly and profit takers trimmed some gains. By noon, trading months were 3 to 4 points over Monday’s close.
Closing cotton in Liverpool shows moderate business with firm prices. American middling fair quoted at 7.44d and good middling at 10d while middling 6.88d and low middling 6.70d. Total sales 8000 bales, none for speculation or export, 7700 American bought, receipts 5000 including 3600 American.
Futures opened steady and closed quiet in Liverpool with several months quoted. February at 6.684, March-April 6.614, May-June 6.568, July-August 6.53, September-October 6.43, other pairings around 6.2 to 6.16 as listed.
New Orleans spot cotton mixed futures with middling around 12.75 to 13.0 cents and arrivals listed at 660 bales. Other markets show varied middling quotes including New York 12.95 and Liverpool 6.884 pence per pound with receipts and stock figures for the period.
Alveston and Houston cotton markets show spots steady and prices holding near prior levels. Readings include low grade at 8 4 cents and middling around 11 to 12 cents, with receipts and stocks tallied and weekly bales totaling several thousand.
The report lists cotton spot prices in New York and Memphis with middling quotes around 12.95 to 12. The text also notes money on call rates near 2 to 3 percent and various loan terms. The fragmentary copy includes stray phrases about an emergency and gas stove, lacking coherent context.
New report to the Agriculture Department shows the boll weevil expanded by 7300 square miles net, totaling 278 800 square miles infested in 1912. Texas led with 11 050 square miles gained, followed by Alabama 9100 and Florida 2200, Mississippi 870.
East manufacturers resist tariff cuts, seeing wool prices rise. A M Simon of Chicago notes wool production short of consumption, with woolen goods priced about 20 percent higher than last year. He cites cotton shortages boosting wool demand and predicts prices may stay firm despite tariff talks with Wilson backing free wool.
The report shows yesterday's cotton stock at 846,121 bales, down from 934,459 a week earlier and 1,370,471 from the same day last year. A seasonal deficit of 624,356 bales is noted.
Cottonseed Products Memphis report shows prime basis oil at 5.85 to 5.37, meal at 25.00 to 25.25, and linters at 3 to 4 percent. Market values reflect bids and standard quality measures.
The New York cotton seed oil market closed a touch easier with spot bids around 6.30 to 6.40. February at 6.32 to 6.34, March near 6.33, April 6.32 to 6.34, May 6.34, June 6.34 to 6.37, July 6.38 to 6.42, August 6.42, September seasonally noted. Sales: 100 February at 6.32, 100 May at 6.36, 300 May at 6.35, 300 July at 6.43. Total 6500 sold.
Judge Hugo Grimes urged stricter laws to prevent elopements by minors in St Louis area. He proposed spankings by recorder clerks at licenses offices and called for harsher enforcement. The conference advised a one year waiting period before new marriages after divorce decrees.
Cipriano Castro will lunch with Governor Sulzer in Albany tomorrow then return to New York Friday for argument on his writ of habeas corpus.
Observations at 8 a.m. local time. Air pressure reduced to sea level. Forecast for San Antonio tonight and Thursday: fair and colder tonight with freezing. Thursday cloudy and warmer. Texas east of the 100th meridian: tonight fair and colder with interior frost. Thursday cloudy and warmer. Precipitation yesterday none. total since January 1 1.94 inches. deficiency .94 inches.
Produce commission merchants propose a pooled one firm delivery system for merchants over a mile from city hall to cut haul times and costs. The plan, outlined by F S Reid, would have wholesalers share orders and deliver collectively, a method already tested in Peru Illinois with grocers union.
A dense price list shows fresh eggs 21 22c a dozen, poultry prices from $3.25 to $6 per dozen for various hens and turkeys, butter, cheese, vegetables, fruits, nuts, syrups, and canned goods. Also listed are hay, lard, and canned meats with multiple pack sizes and prices.
On February 5 reports show bearish sentiment prevailing amid slipping prices. Back dividends on Lan preferred and copper trade woes weighed on markets while some railroad leaders resisted. Reading, Harriman stocks, and St Paul opened higher but soon weakened. By February 6 mercantile paper and silver held firm while government bonds stayed firm and railroad bonds eased.
At Union Stock Yards on February 5 the receipt list showed 104 cattle 22 calves 52 horses and 198 hogs. Buyers held firm prices with best cows at 4.50, calves to 5.26, hogs 6.50 to 7.00, and cattle buyers active as pens cleared by noon. Sheep and goats scarce with no quotations.
Broad demand statewide lifts cattle prices as receipts remain high. Beef steers rise up to 10 cents, cows and heifers climb, calves and bulls steady. hogs active and strong, with top near 7.96. Sheep gain 15 to 26 cents, wethers around 7.95, on large weekly runs at Fort Worth market.
Rainy weather in parts of India and Argentina weakened wheat and corn futures. May contracts opened lower and drifted, with corn and wheat easing while provisions rose briefly before market closed steady for May at 93 and 63 1/8 cents.
Quotation update from St Louis shows cash wheat at No. 2 red 1.10 to 1.12, No. 9 5c, corn No. 2 49c, No. 2 white 2 Oats No. 2 34c No. 2 white 36c. Futures: Wheat May 89t%c July 39%c. Corn May 62%c July 63c. Oats May 35%c July 34%c.
Quotations from Kansas City show cash wheat values for No 2 hard at 86 92e cents, No 3 at 85, No 2 red at 1.01 1, No 2 white and No 2 mixed around 89, oats at 85 35e, and futures: May wheat 88%c, July 5%c. corn May 62%c, July 52%c. oats May 34%c.
Cattle receipts reach 4500 with 1000 Texans. native steers 5.75 to 9.00, cows and heifers 3.76 to 8.50, calves 5.00 to 6.50. Hogs bring 6.25 to 8.00 for pigs and lights up to 8.00 for heavy types. Sheep receipts 3500 and steady. native muttons 5.00 to 5.75, lambs 7.00 to 8.75.
Cattle receipts 16000 steady to strong with Beeves 6.35 to 9.00 Texas steers 5.75 stockers and feeders 4.75 to 7.60 cows and heifers 3.00 to 7.50 calves 6.50 to 10.00 Hogs receipts 30000 slow with light 7.40 to 7.85 mixed 7.60 to 7.87 heavy 7.50 to 7.90 rough 7.50 to 7.60 pigs 6.40 to 7.66 bulk 7.76 to 7.86 Sheep receipts 25000 slow steady native 4.75 to 6.00 yearlings 6.40 to 7.85 lambs native 6.75 to 8.00.
Cattle receipts 6000 with 1000 southern. market steady to 10 cents higher. Native steers 7.00 to 8.75. southern steers 6.00 to 7.40. southern cows and heifers 3.90 to 6.26. Hog receipts 13000. market 6 to 10 cents higher. Bulk 7.65 to 7.76. heavy 7.50 to 7.70. packers 7.65 to 7.80. lights 7.60 to 7.70. pigs 6.25 to 7.25. Sheep receipts 6000 steady. mut tons 4.76 to 5.75. Colorado lambs 7.75. range wethers and yearlings 5.25 to 6.
Copper bids in New York held near 14.87 with February 14.75 and March through May bids 14.75 to 15.30 for electrolytic and 16.50 for lake and castings. Tin remained dull around 48.65 to 48.70 with February 48.60 to 48.70 and March 48.25 to 48.70. Lead steady at 4.22 and electrolytic weaker around 6.45. Antimony Cookson’s quoted 9.75 with Tron irregular and unchanged.
The Boston wool market reports higher domestic demand with prices holding steady. Buyers show willingness to shade prices on selective odd lots as Wisconsin and Missouri fleeces of three eights blood range around 30 to 31.
London copper slips with spot at 67 pounds 17s 6d and futures at 67 pounds 12s 6d. Tin holds near 224 pounds 15s spot and 222 pounds 6s futures. Lead at 16 pounds 13s 9d and spelter at 26 pounds. Iron Cleveland warrants 65s 4d in London.
Quotes as cash wheat and corn futures listed with grades and prices. No. 2 red wheat around 1.10 to 1.12, No 2 northern about 0.92, No 2 spring near 0.89, oats No 2 white about 0.36 to 0.37, standard oats around 0.34. durum 0.75.
Mrs J C Wheat seeks an addition on Wes Houston Street valued at 1500 dollars. Nellie Moore plans a six room dwelling on a Paseo? McMonigal lists a four room dwelling on Pear Street at 800. Annie Leesing adds on South Flores. two five room dwellings on Warren Street total 4000. Langworthy and Christian announce a five room dwelling on East Virginia Avenue at 750. ER F Davis does alterations on Porter Street at 200. We J Lyons applies for a garage on Blanco Road.
License record shows No 3286 issued to Tucker and Hartwell at 216 Sole Dad Street for automobile dealership activities.
A compendium of transfers records multiple 1912 1913 conveyances. Bella Marshall to J T Curry and W J Moyes involves 3.92 acres at Key street and Cincinnati avenue for 20000 dollars. J J Murphy and J W Kay sell lots in Beacon Hill for 500 dollars. Several transfers reference Highland Park Los Angeles Heights Gladstone and other blocks with prices from 50 to 2700 dollars and stakes in Post additions and Rusk street.
The cotton goods markets in New York remain firm with moderate business. Fancy worsteds for fat men's wear are to be opened this week and jobbers report a good house trade.
Butter steady at 27 34 cents a pound Creamery eggs firm with 2900 receipts and various case prices at market. potatoes steady with 25 cars from Michigan Minnesota Wisconsin at 45 to 47 cents. poultry alive and market strong with turkeys at 15 cents, chickens 14 to 15 cents.
Quotations for poultry and dairy goods listed for St Louis with chickens at 13 ½ cents, turkeys at 18 cents, ducks 16 cents, creamery butter 27 34 cents, and eggs at 28 cents.
Kansas City prices list for dairy and eggs dated February 6 shows Butters Creamery firsts at 33c and seconds at 29c. Eggs range with extras 26c firsts 24 25c seconds 14c and other items including ceremens and roosters priced per local market conventions.
Egg prices steady in New York trading with 13 050 cases of fresh gathered eggs quoted at 27 28c per dozen and fresh gathered Erbere 19c, fresh gathered checks 15 11c amid firm market tone.
Raw sugar prices steady with Muscovado 89 test at 2.98 and centrifugal 96% test at 3.48. Molasses sugar 89 test at 2.73 and refined sugar steady. Petroleum and molasses steady. Hides firm. Bogota 29 30% and Central America 30% leather firm.
New York commodity markets showed coffee futures barely steady on February 5 as May contracts traded around 13.53 cents and July near 13.56 cents amid cautious demand.
Galveston reports arrivals and clearances with schooner Fannie Palmer from Baltimore dated January 7. Steamers Hipolyte Dumoisse Port Simon Artist and others cleared. Sailed: steamers Cayo Manzanillo Aarhus El Mundo to New York and other ports.
In St Louis on February 6 Li 42 21 Spelter at 60 cents per pound for lead and related metals appear in a short market notice.
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