Cotton Opens Displaying Weakness Amid Liberal Southern Selling
Weather report notes light demand with rain and snow mix. Data indicates minimal precipitation near .01 inch in 24 hours, while wind shows rising speeds.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 23, 1912
Page
15
Weather report notes light demand with rain and snow mix. Data indicates minimal precipitation near .01 inch in 24 hours, while wind shows rising speeds.
Rains quiet district commerce but merchants stay optimistic as ground moisture boosts spring planting and seed sales surge. Egg and onion markets show firm to rising prices with New York eggs at 41 cents per dozen and San Antonio wholesale to retail spreads around 23 cents. Potatoes rise to 2.50 per hundredweight with further gains expected next week.
Demand for kraut is heavy in the city with wholesale grocers out of stock. Edgar Kraut Manufacturing has halted operations due to cabbage scarcity but plans to resume next week. San Antonio receives cabbage from the coast country while the local crop is exhausted. Canned kraut sells, pack is small and prices rise. bulk kraut and half barrels are up about a quarter.
Pricing for poultry shows springs at 3.50 to 5.00, hens 4.75 to 6.50, turkeys per pound 12 to 13 cents. Fresh country candled eggs 23 cents, creamery butter 28 cents per pound, fancy cream cheese 22 cents per pound.
A long list of wholesale prices for vegetables fruits and related goods from cabbage peppers cucumbers and tomatoes to cranberries celery and onions. Also includes prices for seeds rice dried fruits canned goods oils and sugars with various per hundredweight per sack and per case rates and notes on hides meats and lard. Specific items reference California and Maine stock potatoes specialty seeds and imported goods with varied unit measures and price ranges.
In Osage county the market showed steady trade as receipts were light. Rain and favorable grass conditions promise an earlier spring movement of cattle, with dipping rules issued for movement across quarantine lines and supervised inspections at Blackland and other vats.
The 1918 Texas Cattle Raisers convention set for Fort Worth grows warmer as Oklahoma officials push to move next year’s gathering to Oklahoma City. A circular from the Oklahoma Chamber of Commerce urges San Antonio members to support relocation, noting about 600 Oklahoma members and many stockmen would join if given the chance.
Hon. Cone Johnson of Tyler in the Sneed murder trial was seized by the Mystic Knights of Bovinia at a Fort Worth hotel Saturday night. The cattlemen in colored uniforms herded him into a patrol wagon and compelled him to take an "obligation" without resistance.
Data show US per capita cattle drops from 1900 to 1910 and export declines, while imports of hides rise. Globally, Germany England Russia and Austria lag population growth. Argentina and Australia lead in gains. Cochise county stockmen plan a cattlemen protective association with meetings in Tombstone to discuss county rangers and regional juntas.
Regulations govern the movement of southern cattle into the Osage country between February 15 and July 1.
Apricots 16c choice 17c extra choice 164c fancy 18c. Apples new crop Arkansas 110c calls new crop 12c Michigan fancy 11?c. Figs boxes 12 ukgs 13-dz 85c 12 pkgs 12-dz 80c 20 oz 96c. Pears evaporated halves 12c. Flour and Bran Pioneer flour 5.40 per barrel Liberty Bell 5.40 per barrel Meal 67 percent in 36 pound sacks. Pure corn chops 1.65. Pure bran 1.65 per 100 pounds. Rice bran 26 and 27. Grain corn No 2 mixed 85c No 2 white 86c. Oats 61 62c per bushel in sacks. Texas red oats 70c. To Texas common points.
Cattle values hold steady in Fort Worth with receipts of 2300 cattle. Steers bring 4.50 to 5.60, cows 2.65 to 4.75, bulls 2.85 to 4.15, calves 3.25 to 6.50. Hog receipts 750 and sheep 350 head also steady with hog top at 6.47 and bulk 5.80 to 6.35.
Receipts for cattle hogs and sheep listed with steady to slightly lower quotes. Cattle ranges include native and southern steers and cows with bulls calves and western stockers. hogs show bulk sales around 6.00 to 6.30. sheep offer muttons lambs and fed types with steady demand.
Cattle receipts 1300 with 200 Texas. native beef steers 4.75 to 8.50. cows and heifers 3.00 to 6.75. stockers 3.75 to 6.00. Texas steers 5.00 to 7.00. calves 5.00 to 7.50. Hogs receipts 7500. pigs 5.00 to 6.40. mixed 6.20 to 6.50. heavy 6.25 to 6.50. Sheep receipts 1500. native muttons 3.75 to 4.55. lambs 5.60 to 6.25.
The Pennsylvania Station in Manhattan marks its first year of operation with 112000 trains passing through the tunnels reaching it. Ninety percent ran on time and there was not a single accident on the tunnel section. This railroading record surpasses other above ground lines in the country and possibly Europe.
Pearls gain popularity and prices surge with a necklace listed at 28 000 selling for 90 000 after entry. Market interest grows as jewelry demand strengthens.
In Chicago on February 23, grain futures showed higher prices for wheat with May bids around $1.00 and a modest rally before settling steady. Corn faced supply concerns over in-transit heat and unsettled weather, lifting May futures to about 68 3/4 cents. Oats followed the corn trend with gains, while provisions moved lower with weaker yard prices.
Quotation snapshot from St Louis on February 23 showing cash wheat and corn prices for various grades. May and July futures prices for wheat and corn listed with cents per bushel figures.
Kansas City reports cash wheat prices for No 2 hard and No 2 red bids at 99 1 07 and 96 4 c respectively. Corn No 2 mixed at 64 65 c, No 2 white at 65 67 c. oats No 2 seed 63 c, No 2 mixed 62 c. May and July futures bid for wheat and corn shown with bid prices.
Chicago market quotes show cash wheat prices across grades with bids from 98% to $1.11 per bushel. Durum and velvet chaff and various oats grades listed with cents per bushel.
In a playful exchange, Billie Jones and Daisy Juniper wed and laugh about the odd wedding aftermath. The couple’s reception counts desserts, soups, coffees, tables, and salads in a humorous, light tone.
In a Harper's Bazar tale a new husband seeks to be called father by five year old Margaret. After punishing her with a corner time she declares she will accept Mr Chase as her father, highlighting a child's steadfast stance on family ties.
In Siam three seedless grape fruits exist. One variety has red meat. The other two are sweet, with one sour.
Cotton markets show active liquidation with drops in New York New Orleans and Liverpool as prices slide. Spot demand weak south of the border and local selling pressures ease later with brief rebound on rumors of a bull market week end statement.
New York commodities report notes January 10.47 bid and March around 10.17 to 10.18 for cotton futures. Prices closed barely steady with trading ranges shown for several months from January through December, indicating a restrained market.
Cotton futures in New Orleans opened steady with a 2 to 7 point drop on weak cables and rumors of American selling in Liverpool. Weather maps showed favorable conditions with little rain, while Manchester reports were pessimistic about demand and new cloth business. By noon prices stood 9 to 10 points below Wednesday's quotes amid light trading and increased short selling.
Futures closed steady with a net decline of 7 to 9 points. February through December quotes show varying bids and asks with March May July and August activity noted in the readings.
Liverpool spot cotton shows moderate activity with prices down one point. American mids 6.57, good middling 6.19, middling 5.93, sales 7000 bales including 2000 for speculation and export, receipts 19,000 bales with 10,700 American bales.
Futures in Liverpool opened steady and closed easier with a range of prices listed for February through February March contracts including 5.68 for February and 6.67 for March among numerous month-to-month figures.
Liverpool steady and New Orleans steady with trade noted. Houston and Galveston show steady prices with small lots traded.
Spot cotton in New Orleans stayed steady with 2200 bales sold and 600 arriving. Quotes ranged from low ordinary 6 1 2 cents to good middling 11 1 2 cents, with middling at 10 7 16 cents and receipts totaling 12,644 while stock reached 317,919.
Houston spot cotton closed steady on February 23 with 902 bales sold. F.O.B. price 279, shipments 10,295, total stock 116,302. Grade ranges listed: low ordinary 6% to good middling 1% with middling 104% and middling fair 11%.
Galveston Texas February 23 spot cotton closed steady with prices ranging from low ordinary six and seven eighths to good middling eleven and one sixteenths cents. Sales on the spot totaled 2653 bales, f o b a hundred, receipts 10 481, stock 407 351.
Spot cotton in Memphis on February 23 remained steady with middling grade at 104 cents per pound. Local buyers and sellers kept prices unchanged as market observers noted stable demand and minimal price movement for the day.
Spot cotton in New York on February 23 closed quiet at five points lower. Middling uplands traded at 10.45 cents per pound while gulf grade hovered near 10.70. No sales were recorded.
Memphis on February 23 records prime basis values with 4.67 to 4.738 cents for meals at 26.00 to 25.25 dollars and lines up 2 3%4c for linteru in a brief daily market note.
On February 23 in New York cotton seed oil held steady with spot at 5.63 61 and March at 5.55 57. Sellers moved 100 units at 5.56 and 200 at 5.77. The day saw 6,800 total sales across several contracts including March 6.56 and May 56.66, with later July at 6.77.
Butter firm with Creameries at 26 27c and Daisies 21 25c. Kiges steady. Receipts 610 cases with firsts 28 29c and prime firsts 31 32c. Cheese steady with Daisies 17% c Twins 16% c Young Americas 17% c Long Horns 17% c. Potatoes steady with choice $1.05 1.08 and fair to good $1.08 1.1. Poultry steady Turkey price not given Chickens 18c springs 14c. Phir steady 650 to 60 lb weights 1c.
James Berry once official executioner of Great Britain arrives in New York aboard the Cedric to lecture in Canada. He recounts 193 hangings and 500 other executions, writes two books, and denounces the electric chair as barbaric while promoting rope methods and evangelical work.
Butter priced at 26 cents for firsts 24 cents for seconds 22 cents for packing stock. Eggs listed as extras 28 cents firsts 26 cents seconds 20 cents.
Poultry firm lists chickens at 11 cents, springs at 13 cents, turkeys and ducks marked as lie and geese at 8 cents. Butter firm quotes creamery 23 to 25 cents and notes eggs weak at 29 cents.
New York reports higher egg prices with fresh gathered extras selling around 4 1/3 to 4 1/2 cents and checks at 30 33 1/3 cents per dozen. The market shows stronger demand and upward movement in the trade.
Raw sugar firm with Muscovado 89 test at 4.30 cents and 96 test at 4.80 cents. Molasses sugar 89 test at 4.05 cents. Refined sugar firm. Petroleum and molasses steady. Hides firm. Central America 334. Leather firm.
A passerby watches a big touring car speed by and emit bluish smoke from its oil choked engine. He remarks that city folks are smoking humorous cigars as he sniffs at the scene.
A young man apologizes after a stolen kiss and a disputed stroll in a conservatory corner. She rebukes the remark, insisting the act itself is worse than the question that preceded it as the judge’s library echoes with tense civility.
An American will receive a fee of 25000 dollars for assisting in making the jute industry of Bengal profitable. The agreement frames a favorable outcome for Bengal’s jute sector and rewards the consultant accordingly.
New York February twenty third dullness marked the opening as United States Steel and Reading fell to week lows while copper stocks showed relative strength. Amalgamated Copper steadied and Wheeling and Lake Erie issues rose. By noon activity improved and the market closed strong with copper shares absorbing early losses.
By the Associated Press in New York on February 23. Close shows prime mercantile paper at 4 1/4 percent with Sterling exchange steady. Bankers' bills quoted 4.84.50 for 60 and 4.87.35 for demand. Commercial bills 4.83 percent. Bar silver 58 cents. Mexican dollars 47 cents. Government and railroad bonds steady.
The lead firm is listed at .00 and spelter shows strength at 6.60 in today’s St. Louis market notes. Dealers report firm demand and price activity across base metals with limited supply in some grades.
New York, February 23 money on steady with ruling rate and closing bid at 2 percent. Time loans steady with 60 days at 2 percent, 90 days at 3, and six months at 3 percent.
The word boycott arose in 1850 from Captain Boycott the estate agent in Mayo. His fields were attacked during land agitation as locals refused work and forced crops to be gathered under guard. Despite grave hostility he survived the period and later enjoyed holidays in Ireland.
At a christening MacTavish makes the rounds bidding each guest good night. The host protests as the evening has just begun, but MacTavish remains prudent and declares he is saying good night while he can.
Fort Sam Houston Texas invites sealed proposals for furnishing and installing screens in four buildings. Proposals due March 18 1912 at 11:00 a.m. in triplicate. Envelopes marked Proposals for Wire Fort Sam Houston Texas. Specifications available on application. Fort Worth District reserves right to reject any or all proposals.
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