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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 15, 1912
Page
7
Wholesale potato prices slip slightly due to relief among jobbers while onions stay firm. Expected cabbage and other vegetables rise as freezes curb production and lower shipments. Lemons, apples, and other fruits show sustained demand with higher storage costs feeding price gains across Texas markets.
Quotations from The Associated Press report daily market figures for Jan 15 16. Creameries and dairy items show prices for butter firsts and seconds, eggs with fresh extras and prime marks, and meat items including turkeys chickens and various beef cuts. Prices reflect standard ranges with specific cents per pound and case counts noted.
Quotations were as today with steady tone. Chickens selling 12 14 cents for various lots ducks 13 cents geese 9 cents. Creamery firm at 29 to 30 cents.
Workers begin preparations for Alamo restoration with lines set and modern woodwork removal slated. State officials A B Connely and J B Nitschke arrived in San Antonio to oversee operations as the Hugo nitzer building additions are torn down. Dr Connely plans Austin trip after surveys by Martin Locke and T L Conda Light reporter. Governor Colquitt’s wishes explained to survey team. Also report of a false farm box alarm and a cruelty to animals case resulting in a $5 fine for E Jackson.
At Union Stock Yards on January 16 a light yet brisk market session saw demand from butchers and packers sharpen while supplies sold readily. Desirable steers around 4.50, butcher cows near 4.00, calves 4.50, hogs up to 6 with bulk around 5.75. No sheep or goats offered. receipts totaled 34 head including 104 cattle, 192 calves and 28 hogs.
Fort Worth market reports show stronger cattle and hog activity with a 10 to 15 cent rise in steel trade and robust demand. Cattle receipts reach 2700 head with cows from 0.8 to 5 dollars, bulls 2.85 to 3.85, calves 4 to 6. Hog receipts total 2250 head and best porkers reach 6.60, most hogs 6.15 to 6.50. sheep steady with about 500 head receipts and steady prices.
AP reports cattle receipts 13 000 including 900 Texans with steady to higher prices. Native steers 4.50 to 8.50, cows 3 to 6.75, stockers 4.5 to 6.5, Texans 3.25 to 6.5. hogs receipts 18 500 with strong demand, pigs 6 to 6.3, mixed 6.1 to 6.4, heavy 6.3 to 6.4. sheep 4 000 with strong demand, native ewes 4 to 5, lambs 6 to 7.15.
Receipts and quotes for cattle hogs and sheep rise modestly. Cattle receipts 12 000 with native and southern classes up to ten cents. Hogs receipts 11 000 with bulk sales around 6.00 to 6.40. Sheep receipts 10 000 with market 10 20 cents higher, including lambs and mutton ranges.
Chicago cattle receipts reach 17 000 with gains to ten cents. Hogs parade 20 000 receipts, market up five to six cents. Sheep receipts around 20 000, market generally ten cents higher with western and native lambs quoted along with yearlings and steers.
New York financiers note increased year end activity boosting speculative holdings and a flood of funds from the interior. Money flowing to the reserve center remains extraordinary while rates drift downward. Investment demand for bonds fluctuates as new securities are withheld and note issues rise, with railroad earnings reports often unfavorable.
Raw cotton trends upward but traders report little activity as mills complain of tight price margins. Denim and 4x4 breached cottons rise to new levels while Fall River print cloth sales split between future and spot deliveries. Export trade holds steady with Red Sea and India buyers. China trade dull but improving outlook. Underwear and hosiery demand increases.
Railroads ordered 60,000 tons of rails with 36,000 tons for the Northern Pacific as Pennsylvania mills discussed rail specs. United States Steel Corporation reported December finished-product contracts totaling 2,163,000 tons and output near 936,000 tons. Pig iron orders were light, under 75,000 tons, with about a third for steel making iron in the eastern district.
New York January 15 Raw sugar prices hold steady with Muscovado 89 test at 3.92 cents per pound and centrifugal 96 test at 4.42 cents. Molasses sugar 89 test at 3.67 cents. Refined goods quiet. Petroleum molasses and hides steady. Leather firm.
Lead steady at 4.26 to 4.40 with 4.40 top in St Louis trade. Spelter strong at 6.50 as of January 15. Market notes from St Louis Metal show steady lead prices and firmer spelter prices.
The Depot Quartermaster Department at Fort Sam Houston will be dissolved within three weeks. An official order directs disposing of all unserviceable property and shipping other effects to four depots in Philadelphia St Louis Omaha and Jeffersonville Ind Major Arthur W Yates has begun preparations and the depot is the last maneuver camp unit to close after mobilization in San Antonio Captain Harris Pendleton and Yates have not received post-closure assignments.
Chicago opens with wheat firm on light world shipments. May wheat around 1.00 to 1.01 dollars after a brief dip. Corn gains to 64.5 to 65 cents, May 75. Oats ease to 49 to 4. May pork price and hog tone steady. Buenos Aires wheat drop triggers decline. May closes easy at 64 to 64 1/4 cents.
The Chicago market quotes cash grain prices with No 2 red wheat at 95 9ic, No 2 hard 99c to $1.02, No 1 northern $1.09 to $1.10, No 2 northern $1.05 to $1.08, No 2 spring 98c to $1.04, durum 90c. corn No 2 63c. oats No 2 4.5c, No 3 white 50c, standard 49.5c to 50c.
In St Louis quotations list cash wheat at 1.01 to 1.03 for No 2 red and No 2 hard 1.02 to 1.11 percent. Corn No 2 at 64 percent, No 3 white 65 to 66 percent. Oats No 2 at 50 percent, No 2 white 51 to 52 percent. May and July futures: Wheat 99 4 to 99 5, Corn 65 6 to 66, Oats May 50, July 44.
Quotations today show cash wheat at No 2 hard 1.03 to 1.08 and No 2 red by 1. Corn prices list No 2 mixed 66 to 67 cents and No 2 white 47 to 68 cents. Oats No 2 white 60 to 65 cents and No 2 mixed 49 cents. Futures close show May wheat at 1.00 and July at 92. Corn May 65 and July 65 cents.
Cotton Seed Products in Memphis reports prime basis at 4.46 47c with meal at 24 and linters at 1% 38c as of January 15.
The cotton oil market ended steady with spot at 5.36 to 5.42, May around 6.68 and July near 6.17, and a total of 11 300 sales including February and March bids. Aged Negro Gilbert Hines, 95, died at 4 45 in his home at 212 North Mesquite Street after seven months in the city, born October 20, 1916 in Brazos County Texas. body sent to Luling for burial.
New York cotton futures opened firm on cues from Liverpool and British labor news. Offerings grew heavy, prices eased from morning highs, with midday quotes 10 to 11 points under Saturday's close and afternoon trade showing 10 to 12 points net lower as selling intensified.
New Orleans cotton futures opened steady with gains of 1 to 11 points on good cables. January showed strength as shorts in that month were seen as anxious. Later months rose 3 to 6 points before easing. by end of first hour prices were mostly unchanged to 1 point down from Saturday. Afternoon trade kept an easy tone with prices at 2 pm 17 to 18 points under Saturday's close.
Steady opening rates noted with January 9.71 to October 9.91 bids. Key figures include February 9.69, March 9.76, May 9.85, July 10.02, August 10.01, marking a gradual climb with a final October bid.
Spot cotton ends Jan 15 with good business up two points. American middling fair 6.05, good middling 5.67, middling 6.41, receipts 4500 all American. Futures open and close steady with multiple month spread quotes. Sales total 1000, including 9700 American bales for spec and export.
In early trading, Liverpool shows a steady tone while New York remains quiet New Orleans trades easier and Houston holds steady Galveston also reports steady levels.
Spot cotton trades ease in New Orleans with 1350 bales sold and arrivals of 875 bales. Grade prices range from 5 15 16 for ordinary to 10 15 16 for good middling with strict classifications noted. receipts total 4700 and stock at 285392.
By the Associated Press Memphis Tenn January 15 Cotton spot steady unchanged Middling 9 3 4 cents per pound reported with no change in prices or demand indicated for the day.
New York reports spot cotton quiet and down 15 points with middling uplands 9.50 and gulf 9.75, sales 346. Houston notes spot cotton steady at middling 9 ½ cents. New York futures close firm for coffee No.7 rich with March at 13.54 and May.
The Associated Press notes steady trading in Bankers Bills at 75 for 60 day bills and 4.87 for demand commercial bills. Silver at 55 percent, Mexican dollars tied. Samet bonds hold steady, railroad bonds steady as well.
Time loans ease with 60 days at 2 percent, 90 days at 3 percent, and six months at 8 percent. Ruling rate on call money stands around 240 percent with a 2 percent closing bid and a 2 percent offer.
Postmaster General Hitchcock urges Congress to study government ownership of telegraphs referencing international precedents and potential economies. Lawmakers Moon and Bourne anticipate thorough review as the Senate and House discuss acquisition methods and sections of the revised statutes enabling government purchase of lines.
Washington announced that Postmaster General Hitchcock may urge Congress to adopt government ownership of telegraph and telephone lines. Industry leaders like Theodore N. Vail and Edward J. Nally called the idea a bolt from the blue and doubted economy and public readiness for government control of utilities.
By noon 206 poll tax payments were recorded at County Collector John A Bitter’s office, bringing to date 5800. city hall tallies show 3410 paid. The rush continues with large crowds, and Bitter urges those who paid both property and poll tax to come in, file an affidavit, and collect receipts in person for voting eligibility.
Prairie Oil and Gas announces a 2 percent price increase for crude oil to 55 cents a barrel in Bartlesville Oklahoma marking the second raise this month. The move comes as the oil market opens today amid a five year decline. Pay your poll tax.
New York January 15 active selling hit the market at open with prices slipping. Harriman stocks suffered while Union Pacific and Southern Pacific declined. Canadian Pacific Norfolk & Western Western Union also fell. A late rally lifted some issues but overall list remained lower than opening. Reading and Lehigh Valley advanced then backed off as gains faded.
Government lawyers continued reading to jurors in the Chicago packers trial as they link accounting systems to a restraint of trade scheme. They show reductions in stated costs for hides and oleo fat, and profits from by products funneled to related firms, including a subsidiary with a $15,000 capital earning $3,000,000 in one year.
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