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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 06, 1913
Page
9
Wheat bulls pressed higher at the open with May edging above 91percent and trading near 92 1 4c as Kansas snow briefly tempered gains. May futures closed modestly higher while other grains and fats showed firm, steady action in Chicago trading with quotes across No 2 red and white wheat varieties and nearby contracts.
Quotations list grain prices with No 2 white and No 2 mixed values for wheat and corn. Seasonal futures show May and July contract points across several grades. Multiple small percentage figures indicate bid and ask levels for the day.
The Interstate Commerce Commission reports iron ore from Chattanooga and other producing points shows advances of 81 a ton to Boston and 2.38 a ton in New York City, above 50 percent, for January.
dG Smith of Pearsall arrives at Gunter as weather updates record colder air. Allen Buell, the local forecaster, notes freezing temperatures and chilling forecast across the region.
Industry leaders report 1912 a peak year for wool and mohair profits and anticipate similar gains in 1913. Abraham Cohen of Cohen & Co notes tariff uncertainties as the main risk while buyers remain confident. prices on leading Boston market grades show robust demand and favorable seller positions amid quiet holiday trading.
The New York dry goods market remains quiet in the primary division with steady prices, especially for cotton goods. Wholesale activity is expected next week for national association meetings and openings of cotton blanket and napped goods, as stocks stay tight and mills remain well ordered. Prices cited include print cloths 28-inch 64x60a at 31 16¢, GTRGds 44¢, denim 9-ounce 14¢, and dress ginghams 9¢.
New York reports in trade circles that 1913 will bring more profit for steel firms than 1912 as orders for six to nine months of capacity are booked. United States Steel produced ingots at 94 percent capacity last week and total finished steel orders for 1912 reached about 26.5 million tons, with 21.5 million tons shipped. Railroads booked roughly 8.5 million tons and fabricators lined up 1.519 million tons of structural shapes, American Bridge Company accounting for about 700,000 tons.
U S oil output for 1912 totaled 220 200 000 barrels, down about 250 000 from 1911, while value rose to about 150 000 000 dollars due to higher prices. Day of the U S Geological Survey notes stock declines in most fields except California and Gulf, with prices boosting drilling activity. Russia reduced output by about 6 183 000 barrels while Romania slightly lifted production.
A list of burial permits records numerous individuals with ages and dates of death ranging January 2 to January 6. Locations include streets across the city such as Pecos Forrest Guadalupe Travis Navarro Nueva W Craig and Smith streets.
The Regular Meeting of the Ministerial Association of San Antonio convened at the Young Men's Christian Association building at 10 this morning. Rev. S. B. Johnston opened with devotion. Dr. A. G. Jones of First Presbyterian spoke on The Ministry of the Holy Spirit in Evangelism and received thanks. Pee H. H. Stephenson of Victoria, Texas, is visiting the St. Anthony.
Observations taken at 8 a m 75th meridian time. Air pressure reduced to sea level. Isobars and isotherms shown. Weather codes indicate clear partly cloudy cloudy rain snow and precip totals for the past 24 hours. Maximum wind velocity noted. Monday January 6 1913.
Prices for the 1913 canned goods pack are likely to be announced around January 16 with expectations of higher values than last year. Pack ers complain of rising costs for cans ore and labor, while New York leads price announcements and Baltimore lags until March. Wholesale demand and cold weather boost rabbit sales as wool remains out of reach awaiting spring quotations.
Retail price list shows eggs at 25 26 cents a dozen and storage at 22 cents. Poultry includes large hens 6.00 6.50 per dozen and broilers 3.25 3.60 per dozen. Butter cheese produce, vegetables, fruits, nuts, syrups, and meats are enumerated with varied per unit and per case rates. Note the note that prices apply to single cases with discounts on five or more.
Cattle selling on an active higher market with 1800 head cattle and 500 calves received. Beef steers near 7.75, cows around 4.85, bulls to 5, calves steady, hogs steady to lower with top near 7.72. Sheep arrivals about 270, market steady amid brisk receipts and small price concessions to secure supplies.
Chicago market news shows cattle receipts at 20 000 with steady to ten cents lower prices. Hogs receipts 50 000 with market steady to five cents lower. Sheep receipts 36 000 with market steady. native and western lambs and yearlings priced across multiple ranges.
Receipts total 13 000 cattle including 1200 southerns with prices from 5 25 to 9 20 for natives and southerns. Hogs receipts 6000 with bulk sales 7 15 to 7 40 and heavier hogs 7 35 to 7 45. Sheep receipts 6000 with muttons 4 00 to 5 50 and lambs 7 00 to 8 40. range weights for wethers yearlings and ewes quoted between 3 25 and 7 36.
Receipts total 10000 cattle including 2800 Texans with a steady market. Beef steers to 10 dollars, Texas Oklahoma cattle 5 to 7.50, cows and heifers 3.55 to 5. Calves 6 to 6.50. Hogs receipts 12000, market five cents lower, pigs 4.75 to 7.50, mixed 7.80 to 7.55, heavy 7.45. Sheep 3500, market steady, lambs 6.50 to 8.75. Grain prices include No 2 tomatoes 1.00, corn Illinois fancy 1.00, standard 90c, town corn 90c, sugar and coffee prices listed.
The January 6 market report notes a cold snap driving buyers and sellers. 96 cattle, 45 calves and 125 hogs cleared by noon as cattle sold steady with up to 5 per cow. Calves averaged around 5, hogs 7.35 for top, most between 7 and 7.35, no sheep or goats arrived by noon.
Markets Chicago January 6Quotation for dairy foods show butter steady with creameries 27 to 35 cents per pound eggs firm with 2741 cases received fresh 21 to 28 cents per dozen refrigerator stock 18 1/2 to 19 cents cheese steady daisies 16 1/2 to 17 1/2 cents twins 16 1/2 to 17 1/2 cents young americas and longhorns 16 1/2 to 17 cents potatoes steady receipts 110 cars Minnesota 47 to 59 cents Wisconsin 45 to 50 cents Michigan 48 to 50 cents poultry firm turkeys alive 15 cents dressed 27 to 29 cents chickens dressed 15 cents springs alive 9 to 14 cents.
Kansas City market notes show butter at 33 cents for creamery, 31 for firsts, 29 for seconds, packing stock 21/2 cents. Eggs at 26 extras, 23 firsts, 14 to 15 for seconds. Poultry prices list hens 12 to 13 cents, roosters 8, young turkeys 18, ducks 13 1/2.
St Louis January 6 quotations show poultry at 12 cents for chickens pork 5 cents per pound turkey 17 cents and ducks 16 cents eggs 23 cents a dozen and creamery butter at a stated price.
New York reports a steady market with centrifugal raw sugar at 3.55 cents per pound for 96-test and molasses sugar at 2.90 cents, with refined sugar, petroleum, molasses, and hides holding firm. Leather prices also steady.
Galveston Texas reports ships arriving on January 6 with the steamers Franklyn from New York, Northwestern a tankship, and El Occidente from New York, all listed as arrivals yesterday.
Monday market report notes little change in retail prices from last week while cold weather curtails fresh vegetables. Meat demand remains active with rabbits featured at 15 to 20 cents each. eggs and butter tight, and poultry scarce. List highlights eggs 28-30¢ per dozen, butter 20-25¢, various meats and fresh fruits and vegetables with small, specific per unit prices.
The cotton market opened down one to two points in New York with Liverpool and New Orleans quotes weaker. After rumors of a Balkan peace settlement sparked a brief rally, selling intensified and by midafternoon prices were 18 to 21 points below Friday's close, with persistent weak spot demand and a late recovery only modest.
New York trading shows cotton futures holding steady with light shifts across months. Prices ranged from January at 13.00 to October at around 11.67, with several midyear contracts cited in the 12.5 to 12.8 area and notable round figures in March and May.
Cotton futures in New Orleans opened steady with modest gains then turned lower as selling emerged through midmorning. Favorable cables and weather were offset by pressing demand for dry conditions for winter plowing and reports of increased Texas acreage. Prices fluctuated, ending the period 7 to 8 points below Saturday’s close.
In New Orleans on January 6 the cotton market opened steady with bids for January at 12.89 and February at 12.88 90. March at 12.91 92 and other contracts listed. The session closed with a modest net advance of 9 to 12 points.
Spot cotton in Liverpool remains steady with prices for American middling fair at 7.674 and middling 7.134. Daily sales reach 12,000 bales, including 10,400 American, while receipts total 17,000 bales with 9,200 American.
Futures opened quiet and settled steady with forward contracts and month pairings quoted across the curve. Prices moved from January through December with narrow spreads and small fractional changes, reflecting a subdued start to trading.
Prices for prime basis meal linters and 5.34 basis in Memphis with meal and linters figures. New York cotton seed market closes easy with spot and futures trading across January to August, including totals of 12 000 sold and multiple price levels.
New York January 6 market notes Rio No.7 coffee at 15 percent offset with futures steady. March price at 13.30 dollars and May at 13.60 dollars.
Spot cotton in New Orleans remains steady with a rise of 1 16c to 13c for middling. Sales on the spot total 1250 bales. arrivals 400 bales. Receipts reach 4081 bales and stock stands at 201,805 bales.
Spot cotton closed quiet with slight declines across grades in Galveston. Prices ranged from 13 to 15 16 cents for low ordinary to good middling, with mid and fair grades around 13 to 14 cents. Sales totaled 907 bales. receipts and stock reported at 146,865 and 419,795 bales respectively.
Houston spot market closed quiet with 311 bales sold and stock at 155 541 bales. Prices ranged from 8 to 13 3/4 cents, with middling and above at 12 to 13 1/2 cents. New York spot closed quiet with middling uplands at 13.20 and middling gulf at 13.45, 4600 bales sold.
In Memphis on January 6 spot cotton held steady with middling grade at 13 percent. Market activity remained quiet as buyers and sellers kept to current price levels in the Memphis district.
New York stock and money market notes show easy money on call at 4 to 9 cents, ruling rate 3 percent, closing bid 4 1/4 percent. Time deposits steady with varying discounts. Prime mercantile paper 5 to 6 percent, sterling exchange firm with bankers' bills at 486.40 for 60 days and 482.50 on demand. Commercial bills 4,814, bar silver 63 1/2 cents, Mexican dollars 49 cents. Government bonds steady. railroad bonds firm.
Copper prices hold steady across standard spot and futures with February at 17.12 to 17.30 per unit varying. electrolytic and casting ranges noted. Tin, lead, spelter and antimony show muted activity with bids and ranges listed. iron prices largely unchanged across No 1 northern and southern grades.
Local market note reports a butter firm selling at 4 cents per pound in Elgin Alabama in January. The brief item notes a poll tax reminder to readers.
Markets opened higher with American Tobacco advancing and Union Pacific at 162 but slipped after the Supreme Court decision to uphold the attorney general against distributing Union Pacific shares. Southern Pacific also weakened, with broad activity showing only modest gains and a sharp selloff in Union Pacific from its peak.
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