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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 26, 1912
Page
9
Weather observations at 8 a m show air pressure and temperature readings with coded symbols for clear to snowy conditions. The feature discusses the English labor climate and its relation to the cotton market, noting 24 hour temperature and precipitation data and wind speeds.
With light receipts amid heavy demand, San Antonio egg prices rose to 25 cents a dozen wholesale and 30 cents retail. Poultry remains scarce and firm with large hens at 6.50 to 7.00 per dozen, springs 5 to 6, while butter drops to 15 cents a pound. Traders note good volume in today's business as rains boost overall trade, though farmers were delayed by road damage. Prices for potatoes and tomatoes may rise next year due to tighter canning supplies and unsettled tomato pricing.
A lengthy catalog of farm and food prices includes poultry, eggs, butter, cheese, vegetables, fruits, nuts, canned goods, meats, seeds, and staples. Entries list per unit costs for hens, turkeys, cabbage, onions, potatoes, cranberries, celery, tomatoes, beans, rice, flour, sugar and coffee among others.
Union Stock Yards reports Feb 26 open with medium to heavy cattle supply and active buyers. Prices held at satisfactory levels. 246 head total including 160 cattle 69 calves seven horses and ten hogs. Cows top $4 with bulk $3.50-$4. calves $4.50 top. hogs $5.60-$6.25.
Fort Worth Texas February 26 cattle receipts 2000 with steers steady at 4.00 to 6.00 cows active and strong 2.65 to 3.60 bulls 3.00 to 4.15 calves 3.25 to 6.50 hogs receipts 1000 market strong to 6 cents higher bulk 6.00 to 6.40 sheep receipts 450 market steady.
AP reports Feb 26 Chicago cattle receipts 21,000 with market steady and prices from 2.10 to 7.25 for cows calves and steers. Hogs receipts 56,000 with a slow market and prices from 4.30 to 6.27. bulk 6.10 to 6.25. Sheep receipts 25,000 with steady to higher values from 3.30 to 7.15 for natives, westerns, yearlings and lambs.
Associated Press reports cattle hogs and sheep prices and receipts for the day in Kansas City. Cattle receipts 3000 with various steer and cow prices. hog receipts 6000 with bulk sales near 5.95 to 6.20. sheep receipts 5000 with muttons lambs and yearling prices listed.
Receipts total 4000 cattle including 2000 Texans with steady tone. Native steers range 4.75 to 8.50, cows and heifers 3.00 to 6.75, feeders 3.75 to 6.00, Texas steers 5.00 to 7.00, calves in carloads 5.00. Hogs arrive 8500, market 5 cents higher. pigs 5.00 to 6.30, lights 6.40, butchers 6.15 to 6.40. Sheep 6000 with strong tone. native muttons 3.75 to 4.55, lambs 5.50 to 6.75.
The Bureau of Statistics notes cotton seed oil exports reached a record value of 21 839 157 in 1911, up from earlier peaks. January exports near 4 million suggest further gains. Europe remains the largest market as domestic use grows, with 82 percent retained for home consumption in 1910.
Quotations from Chicago show butter firm with creamery and Daisy brands at 22 to 28 cents. Eggs steady with 4672 cases. firsts 26 to 27 cents and prime firsts 29 cents. Cheese steady with several brands listed. Potatoes firm from 1.05 to 1.10 for choice to fancy. poultry firm with turkeys 14 cents and chickens 11 to 14 cents.
In Kansas City today February 26 the Associated Press reports dairy butter prices at creamery 26 cents firsts 24 cents seconds 22 cents packing stock 2?c. Pegs listed extras 30 percent firsts 28?c seconds 22c.
Quotations show poultry steady with chickens 11% to 13 cents, turkeys 16 cents, ducks 14 cents, geese and eggs weak with eggs at 27?9 cents. Butter firm at 23 to 28 cents.
New York on February 26 reports unsettled egg prices with fresh gathered extras at 86 37 cents, fresh gathered dirties at 31 32 cents, and checks at 28 30 cents, reflecting market fluctuations.
Raw sugar remains steady with Muscovado 89 test at 4.30 cents per pound and centrifugal 96 test at 4.80. Molasses sugar 89 test at 3.05. Refined sugars, petroleum, hides, and molasses hold steady while leather remains firm.
In Memphis on February 26 price reports show spot cotton steady with middling grade at 10 5/8 cents per pound and unchanged from prior levels amid quiet demand.
New York news describes a weak opening with declines up to two points and little offsetting strength. United States Steel Union Pacific Reading and Canadian Pacific fall while Bethlehem Steel slips. purchases thin as traders await Washington news on Supreme Court decisions. Reading recovers late, but overall market closes steady.
Prime mercantile paper 3% 4% range. Sterling steady with actual business in bankers' bills 4.84.40 for sixty days and 4.82.30 for demand. Commercial bills 4.83%. Bar silver 58% and Mexican dollars 47c. Government bonds strong, railroad bonds steady.
Money on call remains steady in New York with a ruling rate and closing bid at 2 percent and offered at 2 percent. Time loans hold at 60 days 2 percent, 90 days 3 percent, and six months 3 percent as trading closes.
Three solid carloads of eggs were shipped from Gonzales during the week with two cars going to New York City and one to New Brunswick Canada. The price paid was twenty cents per dozen for the week.
Cotton futures in New York opened steady with an 8 point to 1 point spread as southern weather dampened and cover emerged. Prices fell to 7 to 10 point losses before reclaiming some ground. midday trading showed a quiet, unsettled market with mid upland spot at 10.40 and limited support from traders.
New Orleans noted cotton futures opened steady with an 8.6 point decline as London and Liverpool cables warned of a coal strike. A Derbyshire miners strike and weak weather added pressure. By midmorning prices fell 6 to 8 points and noon quotes showed 12 to 16 points under Saturday's close with dull, sagging trading.
The record shows a sequence of bond bids and asks across months February to December with prices around 10.46 to 10.53. The notes list bid levels for February and asked levels for October with consecutive monthly figures and small variations.
Liverpool Feb 26. Close: Spot cotton active with prices two points higher. American middling 6.55, good middling 6.17, middling 5.91, low middling 5.61, good ordinary 56.23, ordinary 4.97. Sales 10,000 with 9800 American bales for speculation and export. Receipts 4300 bales, all American.
Futures opened steady and closed easy in Liverpool with quotes for February through February of the next year, listing several calender spreads such as February March 6.60 and October November 6.67 among others.
New York spot prices for cotton seed oil hold firm while futures shift across months. Notable bids include May at 5.61 63 and July at 6.73 75, with total reported sales of 14,700.
In New Orleans on February 26 spot cotton remained easy and unchanged. Sales totaled 1615 bales with arrivals of 400, receipts 10,093 and stock 295,586 amid quotations across grades from low ordinary to good middling.
Spot cotton ended quiet down 5 points as middling uplands priced at 10.35 cents and doguif at 10.60. Sales reached 2600 bales.
Connie Mack says Giants and Athletics unlikely to meet in Texas this season due to many reasons. He recalls a 1896 New Orleans game as the last inter conference series and notes a possible Giants versus Mack men series may occur, likely in this city before teams head north.
Fort Smith Arkansas February 26 Japanese pugilist Young Togo will meet Battling Nelson in a six round fight tonight. Nelson weighs 140 pounds and Togo 120 pounds in front of a large crowd from the southwest.
New York Feb 26. Cotton goods markets show added strength as retailers, jobbers and manufacturers sustain demand. Mills accumulate forward orders, boosting expected steadier operations. Bleached sheetings at 7 1/2 cents for 4 4 and value orders only. Export shipments ahead of last year with transactions to China, India and Red Sea ports. Wide sheeting up one cent. heavier colored cottons up 1/2 to 1 cent. Standard drills 4 cents higher. brown sheetings firm. Demand for fine fancy cloths improves for early delivery. Hosiery and underwear demand stronger as yarn values rise.
The congestion of railroad traffic due to feeble weather has shown a lack of attract power on the most strained lines. The New York Central has ordered 20 locomotives, the Rock Island 60, with further orders expected. Steel mills face raw material and distribution troubles, and new steel product orders have fallen as competition tightens.
Grain prices listed with grades and funds in 1910s style. Wheat: No 2 red 99 percent 1.00 per unit, No 2 hard 1.02, No 1 northern 1.11, No 2 spring 1.08, velvet chaff 0.90 and 1.04, durum 0.90 and 1.08. Oats: No 2 0.62, No 2 white 0.63, standard 0.62.
Prices for wheat and corn shown with contract types and approximate values. No. 2 hard and red wheats listed with dollars per bushel, No. 2 mixed and white corn quoted for May and July contracts with small percentage changes.
Lead remains steady at 4.00 while spelter holds firm at 6.00 in the latest market note from St. Louis dated February 26. The report highlights stable base metal trading conditions with no sharp moves shown in either commodity.
Chicago traders faced mixed signals as war fears spread. May wheat rose to 1.00 but subsidies and selling pushed prices back, settling steady with May at 1.00% lower. Corn followed demand with weather boosts, while oats mirrored grains and provisions strengthened briefly at the yards. Flour rallied briefly before caving to supply data.
Cash wheat prices No 2 red 1.00 to 1.01 No 3 hard 1.01 to 1.10. Corn No 3 64 to 64 cents No 3 white 64 to 64 cents. Oats No 2 52 to 53 cents No 2 white 56 cents. Closing: May wheat 99 3 4 percent, July 93 percent. Corn May 70 percent, July 69 percent. Oats May 52 percent, July 47 percent.
The Standard of company announced a half cent per gallon advance on all grades of naptha effective today in New York.
Dealers report eggs rising to 21 cents per dozen in retail markets despite expectations of a decline. Supply remains light with demand strong, while country butter, poultry, produce, and fruit prices show mixed movement. Bananas quoted as low as 10 cents per dozen due to city oversupply.
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