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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 10, 1912
Page
7
Refined sugars rose another ten cents per hundredweight amid a swift 80 cent gain in ten days. Wholesalers quote 6.20 per hundredweight as Brussels failure to raise Russia export limits strengthens prices. Local buyers forecast no immediate drop and prepare for summer demand. Egg prices fall two cents per dozen with fresh country eggs seen at 25 cents next week and earlier peaks near 40 cents.
Bradstreet's weekly review notes slow but steady expansion in trade with firmer cotton and wool markets, higher yarns, and better groceries and drugs demand. Retailers stay cautious while heavy wearing goods benefit from cold weather. spring displays begin with limited results. US weekly business failures total 32% higher than last year with Canada at 26.
Market notes show vegetables and dairy items mostly steady with mixed price moves. Creameries 28 32c for certain dairy products, eggs firm with receipts near 1945 cases, cheese steady with various types at 16 to 17 percent, potatoes easy with common ranges, poultry steady including turkeys at 14c and chickens at 12c.
Kansas City market report lists butter prices at 82 cents for creamery, 300 for firsts, 28 cents for seconds, packing stock 23 to 24 cents. Eggs quoted at extras 29 5e, firsts 27 5e, seconds 22 cents.
Eggs unsettled with fresh extras at 37 to 38 cents and refrigerator stock from 29 to 31 cents. Coffee No 7 Rio closed steady with futures at 13.16 for March and May.
New York reports raw sugar Muscovado 8 percent test 4.1 cents per pound and 96 test 4.6 cents. Refined sugar steady with cubes 6.85, fine granulated 0.60, powdered 5.70 per pound. Petroleum steady at 8.10 per barrel. Molasses steady with New Orleans open kettle at 86.50.
The New Orleans rice market showed strength and activity with light rough offerings. Sales included 100 Honduras rough at 3.15 to 3.85, 67 Japan rough at 4.00, 2927 Honduras clean at 8 3 6c, 1455 Japan clean at 2 3/4 to 3 1/6c. quotations listed Rough Honduras 2.50 to 4.35, Japan 2.50 to 4.01, Clean Honduras 3% to 5% and Japan 8% to 4% ec.
New York reports a firm cotton goods market with steady demand as jobbers maintain seasonable trade while retailers opt for a conservative approach to future orders. Local wool markets are strong and yarns are advancing.
Wool prices in St. Louis on February 10 held steady with medium combing and clothing wools at 20 to 21 1/2 cents. Light fine wools ranged 15 to 19 cents, heavy fine 12 to 15 cents, and tub washed wools 27 to 30 cents.
Prime basis oil 4.80c meal 26.00 27.25 linters 2 3%c in Memphis. Cottonseed oil closed steady in New York with spot 5.60 62, nearby 5.55 68 and future months through September 5.90. Total sales 5000 across March July and September contracts.
New York reports hides steady with Bo gota at 23 to 24 cents and Central America at 23 cents. Leather remains firm with Hemlock firsts 25 to 21 cents, seconds 24 to 26, thirds 21 to 22, and rejects 16 cents.
February 10 at Union Stock Yards shows dull weekend cattle trade with limited receipts. Cows sold in odd lots up to 3.60 and generally 3 to 3.65. Calves reached 4.50 with some dealers near 6, supply light and sold out around 6. No sheep or pigs offered.
Fort Worth Texas February 10 receipts show cattle totals: steers 4.65 to 5.60, cows 3.00 to 4.75, bulls 3.00 to 4.65, calves 3.50 to 6.00. Hogs receipts 300 with markets steady. top 6.10 and bulk 5.00 to 5.66.
Receipts total 900 with 400 cattle including 200 Texas head and 500 hogs. Native beef steers bring 4.75 to 8.50, cows and heifers 3.00 to 6.75, stockers 3.50 to 5.75, Texas steers 5.00 to 7.00, calves 5.00 to 7.50. Hogs move 5.00 to 6.40 for pigs, lights, mixed, butchers and heavy hogs. No sheep reported.
Kansas City cattle receipts 200 with steady markets and varied bids for native and southern steers cows and heifers stockers bulls and calves. Hog receipts 4000 with steady market and price ranges across bulk heavy packers and lights. Sheep receipts 100 with steady market and bids for mutton lambs and feeders.
Associated Press reports cattle receipts about 1500 with slow demand and price ranges from 2.10 to 8.35 for cows, calves and other categories. Hogs show 20,000 receipts with steady market and prices from 4.40 to 6.37 for various weights. Sheep receipts near 2000 with steady market and prices from 3.15 to 6.50 across native and western categories.
Liverpool and New Orleans hold firm prices while New York stays steady and Houston shows a firm tone. Trading activity includes 16,000 units in New York and 1,236 in New Orleans with Houston and Galveston reporting steady levels.
Spot cotton closed 1 16 higher in New Orleans with 1225 sales and 200 to arrive. Quotations ranged from low ordinary 6 13 16 to good middling 11 1 16, with receipts 12 721 and stock at 244 564.
New York February 10 trading opened on a nominal basis with many active issues showing no transactions in early minutes. Readings on Reading Lehigh Valley and United States Steel moved little with declines noted in several stocks while paper and tobacco issues rose. Standard stocks sold off and rumors of price cuts and weak tonnage statistics weighed on sentiment.
The Associated Press reports New York banks for the week ending Feb 10 show reserves totaling 40,945,800 dollars above legal requirements. This marks a decrease of 5,069,200 dollars from the previous week, affecting overall cash reserves.
Houston dated February 10 reports spot cotton closing steady with sales of 3289 bales and weekly figures showing deliveries of 6759 bales and stocks at 171,96. Price levels listed range from low ordinary at 7% to good middling at 11% with middling at lie.
United States Steel Corporation reports unfilled orders on January 1 totaled 6,379,721 tons, up from 5,084,761 tons on December 31. The figures reflect on backlogs in the steel industry.
Chicago trading sees weak cables and large receipts easing wheat with May opening down about 4 cents at 1.03 and rallying to 1.03. Corn weak early on heaviness in grain despite good demand. May opening down 4 cents to 68 and fluctuating. Hog receipts push provisions lower with May pork at 16.20, lard 9.30, ribs 5.77, while Minnesota mills’ supply remains steady.
Cash wheat prices listed by grade rise from No 2 red at 1.01 to No 1 northern at 1.11 per bushel with fractions shown. Oats No 2 at about 0.62 to 0.64 per bushel and standard at 0.64. Velvet chaff and other feed items also noted with small bids and varied cents.
Market report shows cash wheat at No. 2 hard 1.08 to 1.11 dollars and No. 2 red 1.00 to 1.01. Corn No. 2 mixed 67 to 68 cents, No. 2 white around 68 cents. Dates show No. 2 white 53 to 54 cents, and No. 2 mixed 51 to 44 cents. Futures: May wheat 1.02, July 94 cents, September 98 cents. May count 69 cents, July 67 cents, September 66 cents.
Quotations show cash wheat prices for various grades from No 2 red to No 2 white with values around 1.00 to 1.02 per bushel Missing data includes options for May and July contracts with corn and oats prices listed as May and July futures around 69 and 62 to 47 cents per bushel. Data reflects Associated Press reporting style of market notes.
Cotton opened firm in New York with a small decline then rallied four to fifteen points amid renewed demand. Active positions hit new movement highs as covering and heavy buying persisted despite mixed English futures, finishing the morning 7 to 13 points above yesterday's close and the most active months within a point or two of the best.
The report shows January through December cotton futures with prices opening firm and closing steady. Notable levels include January around 10.45, February near 10.06, March 10.20, May 10.43, July 10.58, and December 10.48 with varied highs and lows across the session.
Cotton futures in New Orleans rose 8 to 11 points as 16 000 bales sold on the Spot market, the largest daily volume in years. Affected by a unfavorable weather map and nervous new crop shorts, early gains pared toward midmorning with selling by bulls and some covering by shorts.
New Orleans reports February 10 futures at 10.67 to 10.83 across months with March 10.77 asked and July 10.83 asked. Closing shows a modest gain of 6 to 9 points as the market steadyed after session highs and lows.
The Associated Press reports Liverpool spot cotton in strong demand with prices up six points. American middling fair at 6.60, good middling 6.22, middling 5.96, receipts 67,000 including 60,900 American bales. futures opened steady and closed barely steady with multiple monthly spreads listed.
A historical snapshot lists exports to Great Britain France and the continent for this period and last year. It also shows exports to Mexico and Japan, stock levels on the day, and season deficit figures in a concise numeric summary.
Money on call nominal. Time loans steady. Sixty days at 2% eight, ninety days at eight, six months at 3 4. The report notes prevailing rates on New York money markets as of February 19.
Memphis on February 10 reports spot cotton steady with a %c advance as Middling prices hold near 10 1/2 cents.
On February 10 spot cotton markets in New York closed steady, gaining 15 points. Middling uplands traded at 10.65 and middling gulf at 10.90 with no sales reported.
Lead and tin prices quoted in London on Feb 10 with small gains and steady bids. Lead at 12s 9d per pound, tin around 195 pounds per ton with futures noted.
Lead remains steady around 3.924 percent while zinc and spelter show halted moves. minor shifts noted in metal futures with price quotes showing minor firming in certain grades. Market observers cite steady demand and limited supply as factors backing the current level.
New Orleans prices show cottonseed oil prime refined in barrels at 6.60 cents per pound. Choice meal with ammonia sold at 28.50 dollars per long ton and choice cake at 27.50 dollars per long ton.
Galveston on February 10 reports spot cotton closing firm with a gain of 4 cents. Quotations show low ordinary 6.5 percent, ordinary 7 percent, good ordinary 8 percent, low middling 10 percent, middling 11 percent, good middling 11 percent, and middling fair 11 percent. Sales total 1,000, with receipts 12,871 and stock valued at 49,598.
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