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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 26, 1913
Page
11
After steady declines prices steadied in morning trading with some recovery amid expectations. United States and Western stocks showed mixed moves. Reading and Gen Electric supported activity while Pacific, Southern Pacific, and Steel saw varied attention. money rates firmed with call at 3 to 4 percent and sterling at 4.87.60.
Copper prices steady with spot quoted at 86 and 14.75 in unspecified units. Futures show 44 pounds and 215 pounds sterling with sale quotes around 7s 6d for fifty pounds and 25 pounds at 596 94 in London.
In Matamoros a U S denial counters reports filed from Mexico City claiming the US war command has reor ganized under Emilio Vasquez Gomez and extortion by followers. Ramos says the charge injuries his reputation and he expects a government position soon. A nearby plan to reduce gas rates to eighty cents per thousand taps is noted amid broader notes on manufacturing and public works.
H A Helton of Kansas City visits San Antonio en route to Brownsville, stating cattle and beef cost only about a half of one percent to the consumer. He argues live stock commission houses earn little despite hard work and that speculators play a balancing role in markets. He notes 1912 saw many stock houses fail and Kansas City cattlemen faced legislative scrutiny over pricing.
The United States posted a new record in gold exports since January 1, moving to 28.5 million dollars. Historical comparisons note 1905 at 28.2 million and 1895 at 26.7 million, with prior large shipments foreshadowing trade cycles and market demand shifts abroad.
In Boston on February 26 the domestic wool market shows a broad decline across grades. Trading remains light with some sizable territory wool in grease shifting hands. Quotations include Kentucky half blood unwashed 27 28c, %blood unwashed 31 32c, scoured Texas 12 months 63c, fine 6 to 8 months 55 57c, fall 49c.
In St. Louis on February 26 wool markets held steady across grades. Medium combing and clothing wools traded around 23 to 26 cents per pound, light fine 19 to 21 cents, heavy fine 13 to 18 cents, tub washed 27 to 36 cents as buyers maintained bids.
Feb 26 New York coffee market shows Rio grades steady with futures for May at 12.37 and July at 12.40 as market moves on supply and demand signals.
Marine intelligence reports Galveston as of February 26 with arrivals including steamers Florida Tampico Castano Jacksonville Saint Hugo and United States transport McClellan. Cleared ships include Santanderino Greystoke Castle Lucia Barce lona Venice El Siglo and others. Also lists sailings El Mundo Asuncion de Larrinaga and Cibao. Liverpool and New York arrivals noted.
More than 80 Chicago business men form a light horse battery to offer services in case of war. Col. Martin Foss commands the unit with Thomas Wilson as captain. Members provide uniforms horses and revolvers at personal expense. If war scares end, the group will continue as a social organization.
The U S Department of Agriculture Weather Bureau forecasts unsettled conditions with rain tonight or Thursday. Colder air is expected Thursday, with colder conditions in northwest East Texas and surrounding areas due to a cold front.
Coffee prices rose 45 points on the New York market, catching brokers by surprise as demand remained weak and the Brazilian crop outlook and valuation sales weighed on futures. San Antonio roasters say they will not raise prices. overall shipments show no wholesale changes amid steady business.
Retail price listings for eggs chicken butter cheese and a wide range of fruits vegetables and canned goods. Items include Fresh eggs 17 18c per dozen large hens 5 to 6 dollars per dozen medium hens 4.50 to 4.75, turkeys 14 1b, butter 26 30c pound, tomatoes Mexican 2.50 to 2.76 per basket crate, apples Ben Davis 1.40 to 2.00, grapes Malaga 6 per barrel, California navels oranges 2.75 to 3.26 per box, lemons 7.50 per box, corn syrup 2.00 case, canned meats various prices, flour meals, sugar 5 per 100 pounds, coffee 12 20c per pound green, canned vegetables prices as listed.
A compact summary of cotton market data shows visible supply and in sight figures through September and Friday, with weekly takings for spinners, total exports since September 1, closing prices for March and middling, daily spot sales, and season price ranges. It also tracks crop condition dates from May to September and ginning totals through January to March, with New Orleans market reference.
A detailed price list covers corn, dried fruits, beans, peaches, pears, apples, figs, raisins, corns oats and citrus peels. It notes various qualities and weights with unit prices, including fancy California beans and large bulk orders, reflecting a bustling midwestern market catalog.
At Union Stock Yards Fort Worth and Chicago markets fell as hog prices declined 25 cents. Fort Worth tops around 8.85 with forecasts of $9, while other cities show lower porker quot. May bring a hog shortage this summer. Cattle and calves held steady with cows around 4 to 5 and calves 4.5 to 5.5. no sheep or goats were offered.
Kansas City reports butter eggs and poultry unchanged. St Louis quotes poultry at 12c for chickens 15c for springs 17c for turkeys 16c for ducks and 9c for eggs 18% for butter and creamery 28 35c.
In New York on February 26, raw sugar remained steady with muscovado at 2.98, centrifug al 96 test at 3.48 and molasses sugar at 2.73. Refined sugar quiet while petroleum and molasses hold steady and hides and leather show firmness.
Fort Worth livestock sale shows active cattle with strong prices but hogs down 15 to 25 cents. Cattle receipts 2500 with beef steers 5.75 to 7.80, feeders 5.50 to 6.75, cows 4.00 to 5.55, calves 4.50 to 8.00. Hogs receipts 2000 with top 8.65 and bulk 8.25 to 8.60. Sheep receipts 1200, prices 15 cents lower.
The New York cotton goods markets show firm prices and fair business in wash goods. Silk district strike fears weigh on the market while yarns stay easy and fancy worsteds remain quiet.
Chicago market report shows butter steady with Creamery 28 to 34 percent at 35 cents. Receipts 7395 cases with various grades. cheese steady with Daisies and Twins around 16 to 17 cents. Potatoes steady with 30 cars reported. poultry firm with dressed turkeys at 21 cents and live chickens at 14 cents. Northern states Michigan Minnesota Wisconsin quot es 46 to 48 cents.
Cattle receipts 6000 with 300 southerns. market steady. Southern steers around 4.00. cows and heifers 4.00. Hog receipts 13,000. market lower. Bulk 6.20 to 8.30. heavy 8.15 to 8.25. packers and butchers 8.00 to 8.50. pigs 7.00 to 7.26. Sheep receipts 7000. market steady to 10 cents lower. Muttons 4.75 to 6.50. Colorado lambs 8.00 to 8.50. range wethers and yearlings 5.50 to 7.55.
New York on February 26 reports receipts of 6220 tubs for butter firm and 1139 boxes for creamery extras at 35 to 36 cents. Cheese market firmer with receipts at 9299 cases and whole milk white specials quoted around 17 to 17 1/4 cents. Eyes barely steady, unchanged in overall tone.
Consols for money stand at 74 percent and for account at 749 16. Bar silver is 27 15 164 per ounce. Money market rate 4 percent. Discount rates show short bills at 5 percent and three months bills at 4 percent.
London dispatch records 11,000 pounds sterling taken into the Bank of England on balance yesterday. The brief item notes the bullion amount and the bank being involved without detailing suspects or methods.
St Louis report shows cattle receipts 2500 with 400 Texans and steady market. Native beef steers 5.75 to 9.00 dollars, Texas Oklahoma steers 5.25 to 9.70, cows and heifers 3.75 to 6.60, calves 5.00 to 6.60. Hogs receipts 12,000 with prices 6.50 to 8.60. Pigs and lights 6.50 to 8.60, mixed and butchers 8.40 to 8.60, good heavy 8.55 to 8.60. Sheep receipts 2300 and market steady.
Paris reports three per cent rentes at 8s 80c for the account with London exchange at 25f 26c for checks. Chicago reports a private discount rate of 3 percent as it notes $61,000,000 raised from 1,924,000 people attending conventions over the past one or two years.
Chicago market notes show cattle receipts 16500 and steady demand with prices from 6.85 to 9.00 for beeves and 5.20 to 6.00 for Texas steers. Hog receipts 44000 and weak market with pigs 6.60 to 8.35 and bulk 8.30 to 8.50. Sheep receipts 25000 and easy market with native lambs 5.25 to 6.80 and yearlings 6.80 to 8.00. Se India passed laws governing airships in 1911 prior to entry of airships.
Cotton prices in New York opened steady to an advance of up to four points as foreign buying persisted. Liverpool closed firm with gains, while late trading showed modest declines on March shipments. Middling uplands held at 12.50 nominal at noon with a slight late net gain of 3 to 4 points on bullish southern spot news.
Cotton futures opened steady with February at 12.30, March 12.25, April 12.10, May 12.04, August 11.91, September 11.55, October 11.55, December 11.56 and January 11.53. Close showed barely steady movement with quotes around 11.5 to 12.0 and mixed weekly figures noted.
New Orleans February 26 cotton futures opened steady to one point higher before rains failed to materialize. Cables were as expected and after initial gains selling grew as weather forecasts remained wet. By midday, prices stood about 12 points below yesterday's close with Texas farm progress noted.
Spot cotton in New Orleans on February 26 firm with middling at 12 1 2 cents. Sates on the spot 1170 bales, arrivals 1750 bales. Receipts 534 bales, stock 116098 bales. Other market quotes list middling across major ports including New York Houston and Liverpool with similar ranges.
Spot cotton in Galveston on February 26 closed steady with gains noted across grades. Prices ranged from low ordinary at 9 1/2 cents to good middling at 13 8/10 cents. Total sales 719 bales, receipts 9,970, stock 268,455 bales.
Houston reports a quiet spot market closing 1 1 16 up. Sales 1667 bales f o b none. Shipments 6123 bales. Stock 140,790 bales. Price ranges listed from low ordinary 8 56-16 to middling fair 13 5-16.
Spot cotton remained quiet with no change in Memphis at middling 12.5 to 12.75 cents. In New York, spot cotton closed quiet at middling uplands 12.60 and gulf 12.85 cents with no sales reported.
Chicago Feb 26 Wheat futures rose on export sales and Argentine acreage cuts. May contracts opened near unchanged to higher, then climbed to around 93 to 93 3/4 cents, while corn benefitted from improving weather and hog provisions fell. May oats and other grains showed modest gains with slight price moves across positions.
Cotton stock data show yesterday 171,089. same day last week 770,854. same day last year 1,398,936. Deficit this season 627,847. A satirical note claims Uncle Sam's annual lard demand would fill a pail 334 feet high and 295 feet in diameter.
Liverpool Feb. 26 Spot cotton steady prices with American middling fair at 7.414 and good middling 7.07d. Middling 6.854, low middling 6.67d, good ordinary 6.33, ordinary 5.99d. Sales 9000 bales including 1000 for speculation and export and 8500 American. Receipts 25,000 bales including 14,300 American.
Futures in Liverpool opened firm and closed steady with a sequence of contractions and spreads for February through January. The report lists specific price quotes for Feb 6.59d, March 6.58%d, April-May 6.68d, and other month-to-month futures reflecting a stable-ish pattern.
In Memphis on February 26 prime basis 5.30 to 5.34 for cottonseed meal 24.50 to 24.75 per ton and lint ers 3½ to 4 percent are noted. In New York the cottonseed market closed steady with spot at 6.39 to 6.42, March 6.30 to 6.32, April 6.39 to 6.40, July 6.39 to 6.40, September 6.40 to 6.44, and October 6.48, with total sales 7100 across several months.
Quotations listed for wheat corn and oats on February 26. Prices show No 2 red wheat at $1.00 to 1.09, No 2 hard at 90 2/3 to 92 1/2 cents, corn No 2 white 50 cents, oats No 2 at 33 1/2 to 44 cents. Futures: May and July months for wheat corn and oats with fractional cent figures.
Kansas City reports today show cash wheat higher with No 2 hard at 54 8c and No 2 red around 1.00 to 1.06. Corn gains across grades with No mixed 47 to 48c and No 3 46 %c. Oats hold firm with No 2 white about 33 %c. A stray foreign name appears in France Washington dating a match for a wife.
The market notes No 2 red at 1.02 1.08 plus No 2 hard 92 92c and No 1 northern 92 92c. No 2 northern quotes 90 91c and No 2 spring 89c. Durum 89c and velvet chaff 86 91c. No 2 white 34 35c and standard 33 3ic. avant No 2 50% 50c.
In Washington 1176 letters rest in the dead letter division for Miss Z X Radcliffe of Elgin Til The sender sought a San Francisco mayor to procure a husband and $30000 The letters circulated in San Francisco papers but no responses came Uncle Sam guards the pile Photos accompany many letters Also sanitary fountains are installed on a Chicago Minneapolis train line
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