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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 13, 1912
Page
7
Agriculturists say cold, sleet and snow may aid spring planting as ground dries and breaks. Cane and potato seed acreage expected to rise, red top cane seed cheaper, cheese market firm due to butter demand, milk output falling. Prices for beans and evaporated apples rise. sardine canners plan 15 to 20 cent increases by February.
A detailed wholesale catalog lists prices for vegetables, fruits, nuts, canned goods, and dried fruits. Items include cabbage per hundredweight at 1.75 to 2.00, onions California sacks at 2.75, oranges California navels at 2.75, prunes, almonds, walnuts, and various canned goods priced by case or dozen. Also shows butter, poultry, eggs, flour, and seeds with per unit or per hundredweight figures.
Illustrated weather summary notes conditions through 7 p m Sunday with expectations of variable clouds, light winds, and mild temperatures. Projected high near 72 degrees and a chance of isolated showers in the late afternoon.
Union Stock Yards reports a dull featureless cattle weekend with steady prices from yesterday. Receipts totaled 206 head including 28 cattle 22 calves 140 horses and 2 hogs with cows topping at 3.25 calves at 4 and hogs at 6 as packers held back on under grades.
The Fort Worth Producers and Consumers association may delay action against meat barons until government probes finish. A quorum failed at a price committee meeting, and no date was set. Weather improves for San Antonio and Southwest Texas, but Panhandle cattle suffer from recent freezes. ranges and weeds show damage before seasonal rebound. Liano Moss of Limestone en route home from Brackettville reports cattle in fair shape if cold spell ends. Ratliff's Oklahoma holdings have been divested. North cattle markets show volatility with mixed receipts and delayed trains clouding prices for Monday trade.
Live stock receipts at Fort Worth on January 13 were light with 700 cattle and 1100 hogs. Prices held steady from the previous day with cows $4.65, dairy? No, cows $3 to $4.50, beef steers up to $4.90, bulls $3 to $3.85, calves $4 to $6, hogs up to $6.47 and generally $6 to $6.45. Porker alley trade remained comparatively strong despite irregular weekly activity.
At St Louis on January 8 receipts for cattle 800 with 100 Texans and steady market. Native beef steers 4.50 to 6.50, cows and heifers 3.75 to 6.75, stockers 3.25 to 5.50, Texas and Oklahoma steers 4.50 to 7.00, calves 5.00. Hog receipts 10,000 with steady market. pigs and lights 5.00 to 6.30, mixed and butchers 6.10 to 6.40, heavy 6.30 to 6.40. Sheep receipts 100 with steady market. native muttons 4.00 to 5.00, lambs 6.00 to 7.16.
Chicago market report shows cattle receipts about 1500 with steady market and various price ranges for Reeves Texas and western steers stockers and feeders cows and calves. Hog receipts near 20000 with prices from 5.90 to 6.42 for different weights and pigs 4.75 to 5.75, bulk around 6.20. Sheep receipts about 5000 with native and western lambs and yearlings priced between 3.25 and 7.15 depending on class and weight.
Receipts at Kansas City totaled cattle 200 hogs 4000 and sheep 1000 with markets steady to slight declines. Native steers bring 5.25 to 8.25 while hogs bulk 6.00 to 6.35 and heavy 6.30 to 6.40. Sheep trade shows lambs 5.26 to 7.10 and feeders 3.75 to 6.00 amid steady demand.
The board of directors voted to offer shareholders the right to subscribe at par between January and March 1 for convertible four-cent gold bonds equal to one-eighth of their holdings as of January 31 1912. The bonds run twenty years and mature September 1 1932.
Chicago market report shows mixed grain futures with wheat easing to 99 to start and closing slightly higher at 99 cents. Corn fell early then recovered while oats declined and provisions eased with lard near 9.72 and ribs around 8.80. Investment demand supported wheat amid a generally firm close.
Associated Press report from Chicago notes today’s receipts: Wheat six cars with one contract grade, corn 179 cars with none, oats 68 cars. Total wheat receipts across Chicago Minneapolis and Duluth 231 cars, up from 122 last week and 66 a year ago.
Quotations posted at Chicago show cash wheat grades ranging from No 2 red 95 to 98 cents and No 1 northern 1.09 to 1.10 dollars. No corn quoted. oats prices cited include No 2 white 50 and standard 49 to 50 cents.
The New Orleans rice market was strong and active yesterday with light trading outside clean Honduras. Receipts totaled 1118 rough and 2768 clean, with sales including 221 rough Honduras at 3.60 to 3.75 and 128 Japan at 8.50 to 8.75, and 2116 clean at 2% to 4% with 581 Japan at 3?16. Quotations listed rough Honduras 4.00, Japan 3.85, clean Honduras 5%, Japan 3%Ic.
London on January 13 saw Consols for money at 76% and account at 764, bar silver quoted at 25%. Money market rates stood at 3 3% with short bills at 3 15-16 4 per cent.
Calcutta date Jan 18 The Bank of Bengal raised its discount rate from five to six percent today signaling tighter credit conditions in the financial market.
Quotations from St Louis show cash wheat prices for No 2 red 1.01 to 1.03, No 2 hard 1.02 to 1.12, corn No 2 and grain No 3 white 65 to 66 cents, oats No 2 50 to 61 cents. Futures close May and July for wheat at 99 to 99 1/2 cents, corn at 66 cents, oats at 50 to 44 1/2 cents.
Quotation report shows cash wheat No 2 at 1 03 to 1 08 and No 2 red at 99 to 1 01. Corn No 2 mixed 66 to 66 1 2 cents, No 2 white oats 60 1 2 to 61 1 2 cents. May and July wheat at 101 1 2 and 92 3 4 cents. May 66 1 2 and July 65 1 2 cents for corn.
The Associated Press reports New York on January 13 that cotton goods markets are hold steady while incoming jobs reports show trade improving in sections. Domestic wool markets remain firm and American manufacturers are buying in Australia and American markets. Yarns stay steady.
Local reader notes warn against failing to pay poll tax and explain the historical context of the obligation. The item emphasizes timely payment and the consequences of noncompliance in a concise public notice style.
The New York clearing house banks report a week’s reserve of 29,058,250 dollars over legal requirements, up 5,332,600 dollars from the prior period. The figure reflects stronger cash positions amid the week’s financial activity.
By the Associated Press New York January 13 Raw sugar quoted around 8.92 cents for Muscovado 88 test refined entries mixed at 5.75 to 5.60 cents per pound. Molasses steady. Petroleum stable with refined barrels at 6.70. New Orleans price noted at 85.50 cents.
New York reports show quiet hides trade with Bo gota demand at 22 1 4 23 percent. Central American leather prices list firsts 25 27 seconds 24 26 thirds 21 22 and rejects 15, amid market uncertainty.
New York spot cotton ended quiet on January 13 with middling uplands at 9.68 and gulf at 9.90. No buyers or sellers reported any gale activity.
In New York on January 13 futures for March 12.20 and May 12.22 edged higher while other months showed mixed moves. The report notes Rio 13 percent as a benchmark.
New York January 13 open steady but down 1 to 3 points due to weak cables and New England labor troubles. Bull support and cover sent prices up 4 to 6 points, aided by hopes for a Lancashire strike settlement. midday activity mixed and closing steady with minor gains.
Cotton futures in New Orleans opened quiet and steady down to four points from yesterday's close. Early buying by shorts covering over the weekend influenced prices, with traders noting heavy selling by long positions and a later return of buying as bulls and shorts again balanced. The weather map showed severe cold and snow in the cotton belt, aiding price support before a mid-morning dip. By mid-session, prices softened about ten points on pressure from selling bars, then stabilized as bulls and shorts again balanced. Prices for active months ended up about four points over yesterday's final quotations.
Cotton futures began steady with January at 9.68 cents per pound and February 9.62. March 9.66. May 9.70. July to August 9.77. October 9.84. Prices closed very steady with a small net gain of 1 to 3 points, and various contract quotes show mixed intraday values across the session.
Liverpool market reports spot activity quiet with prices unchanged to two points higher. American middling fair 6.03 dollars and good middling 5.65 with middling 5.39. Sales 6000 bales, receipts 38 096 including 33 700 American bales. Futures opened easier and closed steady with various spreads for the rolling months.
Lead remains quiet at 15 pounds 3 pence per ton. Spelter steady at 26 pounds 15 shillings. Tin holds at spot 184 pounds with futures at 182 pounds 6 shillings. Market reflects a muted session with limited activity.
In St Louis on January 13 the wool market shows steady tones with medium grades for combing and clothing at 20 to 21 1/2 cents, light fine 16 to 19, heavy fine 12 to 16, and tub washed 27 to 30 cents per pound.
Prime basis oil in Memphis reported at 4.46 47c with meal 24 and linters 1% 3c. In New York cotton seed oil closed weak with spot 5.36 50 and a range of monthly futures from January through June, total sales 10 500 units.
Associated Press reports New Orleans on January 13 lists prime refined cottonseed oil at 6.45 cents per pound in barrels and choice meal at 28 dollars per long ton with ammonia content and cake at 27 dollars.
New York quiet trading with slight decline. New Orleans steady at 9% 850. Liverpool steady at 5.39. Houston steady around 9% 1,161. Galveston firm at 6 with 10,001,682 units.
New Orleans on January 13 reports spot cotton steady with 850 sales and 190 arriving. Grade ranges from low ordinary at 6 15 16 to good middling 10 4 and higher, with receipts 5094 and total stock 280 692.
Houston market report notes spot cotton closing down with middling grade at 9 5/8 cents per pound. The brief item records prices and market direction for the day.
The R G Dun weekly review reports a better business outlook driven by bank and railroad clearings. U S Steel’s December unfilled business up over 942000 tons signals strong iron and steel demand with capacity near 85 percent. Growth in plates and structural material, firmer wire goods, and good domestic and export cotton demand accompany firmer wool and worsted markets. Copper surplus shrinks by 22330000 pounds as exports rise. Footwear orders stay light, New England buyers active, leather trades steady, and hides firm despite deteriorating quality.
New York reports show metal stocks leading the market as prime mercantile paper sits at 1 percent. Sterling exchange remains weak with 60 day bankers' bills at 483.75 and demand at 486.90. Commercial bills at 4.83, bar silver 55 1/2, Mexican dollars 47 cents. Government and railroad bonds steady.
Memphis reports spot cotton holding steady with a slight lift noted in the latest market tone. The following midling price sits at 104 cents per pound as traders watch for shifts in demand and supply dynamics.
The Associated Press notes Paris trading details on January 13 with three percent rentes at 941.5 and 2c for the account, London exchange at 25f 22 1 2 c for checks, and a private discount rate of 3 percent.
Lead firm at 4.37 percent and 40, spelter index at 6.40 with 45 recorded as the bid and offer in today’s early trading report from St. Louis indicating price levels for base metals.
London report notes bullion totaling 29000 pounds sterling was deposited into the Bank of England during today’s balance operation. The move reflects ongoing demand for precious metals amid market fluctuations and financial caution in early January.
H T Timmins chief accountant for Morris and Co resumes testimony in a trial charging packers with restraint of trade. Counsel probes books showing by products credits and journal entries including a September 1907 entry for cattle purchases totaling 1 299 195 03 with hides and fertilizer credits. Documents were destroyed after final entries.
New York January 13 money on call nominal with time loans steady. Sees 60 day at 2 3 percent, 90 days 3 percent, six months 3 percent.
Allen Buell Weather Bureau forecaster notes below freezing conditions and provides price reports for dairy eggs potatoes poultry veal including receipts and varied cheese quotes from markets.
Quoted poultry items show quiet trading with chickens at 1 cent, springs 11 cents, turkeys 14 cents, ducks 13 cents, geese 9 cents. Butter remains firm with creamery butter at 26 to 33 cents. Eggs steady at 30 cents.
An Associated Press priced report shows butter steady with creamery firsts at 84 and tseconds at 24, packing stock 22 4, eggs steady with extras 34, firsts 32, seconds 20.
New York price notes list fresh gathered eggs at 37 38 cents per dozen and No 1 large at 26 cents. Fresh gathered at 22 28 cents with local storage charges noted at 28 percent. Refrigerator specials marked and extras described in brief price bulletin.
Galveston dispatch notes a spot firm listing with 100 units in circulation and pricing details for the market, reflecting a brief commodity update from Texas on the day.
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