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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 15, 1912
Page
11
Reports from California indicate a 25 percent damage to the lemon crop from freezing with some areas near total loss. Locally, lemons rise to as high as 5.50 per box, the strongest level in twenty years, with July and August forecasts near 10 per box. Prices for apples bananas and oranges remain firm as supply tightens and demand grows.
Butter per pound 20 30c country butter 17 19c. Poultry fryers 3.75 4.50 hens 3.50 4.50 turkeys per pound lbc price to retailer. Eggs fresh country candled 23c. Potatoes Idaho 2.50 per 100 pounds. Onions California in sacks 4 per 100 weight. Seed potatoes Maine stock 11 pk sacks Triumph 4.26 per sack Irish Cobbler 5.25 Burbanks 4.75. Oranges California novels 2.75 3.00, Lemons 360s 4208 5.00 5.25.
Quotations from Chicago markets show butter eases with creamery prices at 26 to 30 cents and dairy items including Daisies at 24 to 28 cents. Cheese holds firm with several brands around 16 to 17 cents. Potatoes steady from 98 cents to 1.05. Poultry prices ease with turkeys at 1 cent and chickens around 11 to 12 cents.
By the Associated Press Quotation levels at St. Louis included chickens at 13 cents for springs, 13c for others, turkeys 16 to 16c, ducks 14c, geese 7c Butter steady at 26 to 28c Creamery eggs down to 29 1/2c The brief market summary notes price movements for poultry and dairy products with small declines in eggs and steady butter.
Kansas City quotations show butter at 31 383c, creamery laget 29c, seconds 27c, packing stock 23% 24. Eggs reply extras 30c, firsts 28%c, eau 2le.
Eggs prices vary with quality in New York as of February 15 with fresh extras quoted at 39 cents per dozen and dirties around 30 to 32 cents per dozen according to AP.
New Orleans reports rough Honduras firm and clean grades strong. Quoted prices list clean Honduras 3% 5%c, Japan 3% 4%c. Sales include Rough Honduras 734 at 4.15 to 4.35, clean Honduras 5066 at 2% to 5%c, Japan 1710 at 2% to 8 11-lec.
Raw sugar and byproducts show firm quotes in New York trading with Muscovado 89 test at 4.23 cents, centrifugal 96 test at 4.78 cents, molasses sugar 89 test at 3.98 cents. Petroleum, molasses and hides remain steady. Leather markets stay firm.
The cotton goods markets show firmness with wide sheetings up one cent per yard. About 1000 bales of three-yard sheetings sold for China shipment. Worsted yarns remain firm and knit goods rise for spot and future delivery. The jobbing trade stays active.
In New York on February 15 money on call held steady around 2.42 percent the ruling rate. Short term loans showed firmer demand with 60 day rates near 2 percent 90 day around 3 percent and six month at 3 percent.
Wool steady in St. Louis market on February 15 with medium combing and clothing at 22 to 25 cents, light fine 15 to 19 cents, heavy fine 12 to 15 cents, tub washed 27 to 30 cents.
Lead held steady at 3.95 while spelter traded at 6.50 as market prices appeared unmoved in St Louis on February 15.
Boston reports closing prices for multiple copper shares with Arizona Commercial at 3 percent, Butte Coalition at 22 percent, Calumet and Arizona at 60 percent, Greene Cananea ex dividend at 7 percent, and North Butte at 25 percent.
Observations at 8 a m with barometric pressure and isotherms. Isobars show equal pressure and isotherms show equal temperature. Symbols indicate clear to rainy or snowy conditions. Winds indicated by arrows with forecasts through Friday evening.
Union Stock Yards reports a small grass cattle run with a featureless, short session. Prices for medium cattle ranged 3.00 to 3.50, calves 4.00 to 4.50, hogs 6.60 to 6.25 on 100 head with good demand, no sheep or goats offered.
Fort Worth Texas reports cattle receipts 1500 head with steers 4.25 to 5.50, cows 2.65 to 5.25, calves 3.25 to 6.50. hogs receipts 1500 head with tops 6.50 and bulk 5.90 to 6.30. sheep receipts 500 head with market steady.
Cattle receipts 2000 with native and southern steers and cows and calves priced from 2.90 to 7.50. Hogs receipts 11000 with bulk sales 5.80 to 6.15 and heavy 6.10 to 6.25. Sheep receipts 4000 with mut tons 3.25 to 4.75 lambs 5.00 to 6.30 and yearlings 4.60 to 6.60. Market trends steady to strong across categories.
Cattle receipts about 5500 with slow to steady demand. Beeves from 4.70 to 8.50, Texas steers 4.60 to 5.75, western steers 4.85 to 7.00, stockers and feeders 3.80 to 6.10, cows and heifers 2.10 to 6.15, calves 5.75 to 8.25. Hogs receipts around 32000 with strong trade. Light 5.00 to 6.12, mixed 5.86 to 6.20, heavy 5.85 to 6.20, rough 5.85 to 5.95, good to choice heavy 4.25 to 6.50, pigs 6.00. Sheep receipts about 14000 with steady to 0.10 higher. Native petty western 3.50 to 4.85, yearlings 3.75 to 5.75, lambs 4.25 to 6.75, western 4.60.
Live cattle receipts 3500 with Texan stock 600. native steers 4.75 to 8.50. cows and heifers 3.09 to 6.75. stockers 3.55 to 5.75. Texas steers 5.00 to 7.00. calves 5.00 to 7.25. Hogs receipts 15000. pigs 5.00 to 6.20. mixed and butchers 6.10 to 6.30. good heavy 6.40 to 6.80. Sheep receipts 4000. native muttons 3.75 to 4.50. lambs 5.00 to 6.50.
Exports to Great Britain 64 463. Exports to France 19 783. Exports to continent 78 705. Exports to Mexico and Japan 11 244.
A brief market update notes same day stock activity from last year and higher excess levels this season. Investors watch shifts in prices, trading volumes, and inventory pressures across key indices and sectors.
With nearly one million dollars in the state treasury, State Treasurer Sam Sparks distributed 160,000 to Texas depositories by sending each of the sixteen a 10,000 remittance. Each repository now holds 35,000 with plans for further allotments to reach 50,000 per depository.
The New York stock market opened with active demand and firmer prices for some issues. Canadian Pacific advanced again while Northern Pacific rose. United States Steel and Union Pacific led the day, with copper and other specialties improving before retreating. Bond activity stayed steady as the close held to a calm tone.
The report notes declines in prime mercantile paper and government bonds with 3 and 4 percent notes trading weakly. Sterling prices show limited demand while bar silver moves around 4.88. Railroads and securities in general appear heavy amid uncertain demand and commercial activity.
Chicago report notes heavy US receipts offset wheat scarcity in Europe. May wheat opens lower and recovers to around 101% to 102 cents. Corn and oats rise, May corn up to 68% with gains fading at close. Provisions steady. US Steel, coal stocks show weakness while rails and tobacco advance.
Cash wheat prices listed include No. 2 red at 1.00 to 1.02, No. 2 hard 1.02 to 1.06, No. 1 northern 1.12 to 1.14, No. 2 northern 1.08 to 1.12, No. 2 spring 1.00 to 4, Velvet chaff 0.88 to 1.06, durum 0.80 to 1.06. Oats quotes show No. 2 at 0.52 to 0.538, No. 2 white 0.53 to 0. yc, standard 0.62 to 0.53.
Quotations from Kansas City show cash prices for wheat and corn and oats. No. 2 hard wheat at 1.01 to 1.02, red wheat 0.99, No. 2 corn mixed 0.66 to 0.67, No. 2 white 0.68, No. 2 oats white 0.53 to 0.54, mixed 0.52 to 0.53. May wheat 1.00 to 1.00 and July 0.91 to 0.91, May corn 0.69 and July 0.69 to 0.70.
Cash wheat quotes show No 2 red 1 00 1 01 No 2 hard 1 01 1 09 percent. Corn bids list No 3 64c No 3 white 64 65c. Oats No 2 52%c No 2 white 53% 54. Close May wheat 99%c July 98%c. Corn May 69%c July 68%c. Oats May 53%ec July 47%4c.
Lead firm at 15 pounds sterling 16 pence per unit Spelter quiet at 26 pounds 15 shillings Tin steady spot 197 pounds 10s Futures 192 pounds 17s 6d per unit
The Standard Oil company of New Jersey announced a dividend of five dollars per share today, down from seven dollars three months ago and fifteen dollars a year earlier. It is the first dividend since the company’s dissolution, after years of roughly forty percent annual total dividends.
The cotton market opened lower amid rumors of liquidation by bull interests and sustained selling. New York and New Orleans showed declines, with Liverpool and other centers guiding a broad downtrend as prices swung with short covering and spot demand.
Cotton futures opened steady with January at 10.40, February at 10.00, March 10.18 and more on the board. The afternoon session showed prices easing slightly and closing near prior levels, with a broad range around 10.00 to 10.50 across months.
Cotton futures in New Orleans opened steady with declines of 1 to 4 points amid reports that prominent bull interests liquidated heavily yesterday. Short selling surged on rumors of a bull split, driving trading months 6 to 7 points under yesterday's close before partial recovery. Prices hovered 4 to 6 points down at noon.
The record lists monthly futures values with bids and prices. February shows 10.38 40, March 10.48 bid, May 10.61 652, July 10.57 bid, August 10.44 bid, September 10.41 43, October 10.36 bid, December 10.38 bid.
In Liverpool on February 15, spot cotton traded firmer by twelve points with American middling fair at 6.55 and good middling 6.17. Total bales 10,000 with 1,000 for speculation and export including 9,600 American. Receipts 10,400 bales all American. Futures opened easier and closed very steady with January to February spreads listed at 5.60 to 6.69 percent intervals.
A brief market report lists several leading spot markets with varied activity. New York remains quiet while New Orleans shows ease. Liverpool and Houston display modest movements, with Alveston steady and notable trading volumes indicated for several centers.
Spot cotton in New Orleans eased to easy and steady, with 1125 bales to arrive. Prices ranged from low ordinary 612-16 cents to good middling 111-16 cents, including various quotings for strict and middling grades. Receipts reached 4496 bales and stock stood at 283697 bales.
Spot cotton closed quiet in New York on February 16 with prices down 20 points. Middling uplands settled at 10.50 and middling gulf at 10.75, with no sales reported.
Memphis Tenn February 15 Spot cotton unchanged with Middling at 10 3/4 cents per pound.
Memphis buyers and traders report prime basis at 4.74 with a 7ic, meal priced at 25 25 25, and Sinters valued at 2 cents. The brief notes current terms in the cottonseed products market as of February 15.
Cotton seed oil closed firm with bids across months from February at 5.50 to September at 5.87. Spot prices ranged 5.50 to 5.60. Sales included 2190 March 5.55, 400 at 5.56, 2400 July 5.76, totaling 13,300 contracts.
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