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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 20, 1912
Page
7
Advances in rice prices spread from local markets to national canning fronts. Analysts report firmer demand and limited stock across grades, with screenings and Japan grades reaching new highs. retailers expect continued strength as shipments tighten.
A long price sheet lists potatoes onions and other vegetables by weight and crate, with California beans canned goods syrups and molasses, meats lard and dairy items. Prices appear for Oregon Idaho and California origins, including peppers, apples, pears, grapes, and a range of seeds and condiments.
Live stock market at Union Stock Yards closed quietly on January 20. Seventyone head of cattle were sold as prices remained in line with yesterday, cows reaching four dollars and calves five dollars. Hogs stayed near six dollars with porkers at six twenty five, while sheep and goats appeared in small numbers with steady values for the week.
The Texas Cattle Raisers Association won before the Interstate Commerce Commission to block higher livestock tariffs. Western railroads withdrew proposed increases and the commission vacated its order suspending the increases, abandoning the investigation and keeping the old rates in place. Sam H. Cowan of Fort Worth led the protest for the cattle raisers. hearings began November 8 with Santa Fe withdrawing its tariff.
The Turkish chamber of deputies dissolves after a brief session marked by quarrels. The new parliament will meet within three months. The Union and Progress party loses ground while opposition gains in Albania and the Asiatic provinces. Talaat Bey may join the cabinet as interior minister with Dravid Bey as minister of public works.
Paul Steffler was approved and sworn in as county commissioner yesterday by Deputy County Clerk A H Coates. The bonds totaling 4000 dollars, secured by Rudolph Krisch T W Coffee and M C Shiner, were posted as road work bids opened by the commissioners. He will tour precinct 4 in a county auto with Judge Pot Shook and others. Poll tax reminders accompany the notice.
Fort Worth Texas January 20 hogs and cattle sales open with dull demand and limited receipts. Cattle supply about 600 head steady trading mostly 2.75 to 3.75 for cows and calves 4 to 6 tops. hogs 2000 head offered with buyers unwilling, opening bids down a dime per hundredweight from Friday and market not improving.
Receipts Cattle 300 including 100 southern steers, market steady. Prices range from 3.00 to 8.25 for various cattle types. Hogs receipts 8000 market steady to five cents lower with bulk sales 5.90 to 6.25 and heavy 6.25 to 6.30. Sheep none.
In St. Louis on January 20 receipts totaled 3000 cattle including 600 Texan head with steady market. Native beef steers range 4.50 to 7.50, cows and heifers 3.00 to 6.50, stockers 3.76 to 5.50, Texas and Oklahoma steers 5.00 to 7.00, calves in carload lots about 6.00. Hog receipts 2600 with a 5 to 10 cent drop. pigs and lights 4.25 to 6.20, mixed and butchers 6.00 to 6.35, good heavy 6.36. No sheep.
Receipts for cattle estimated at 100 with market weak. Prices range from 2.25 to 9.75 for cows, calves, and feeders. hogs at 5.75 to 6.37 for various weights with bulk sales. sheep receipts about 3,000 with steady market. Prices listed by class and origin include Beeves Texas and western cattle, native and western sheep, yearlings.
AP reports New Orleans rice prices unchanged with quotes for Clean Honduras 3% 5e and Japan 3% 4c. Receipts totaled rough 2213, millers 1116, clean 1000. Sales included rough Honduras 1743 at 2.70 to 3.90, Japan 2447 at 2.25 to 3.65, and clean Honduras 3539 at 2% bc.
In New York January reports cotton goods show moderate activity with jobbers cautious and focusing on standard grade lines. Wool markets for both foreign and domestic buyers remain steady, signaling restrained but stable demand.
Spot cotton in Memphis on January 20 remained steady with middling at 9% cents per pound.
New York Jan 20 The clearing house banks report total reserves in excess of legal requirements at 36 million 802 thousand dollars. This marks an increase of 7 million 843 thousand 750 dollars in proportionate cash reserves from the previous week.
A party of ten homeseekers from Albert Lea Minnesota arrived in San Antonio en route to the gulf coast and along the route to be followed by the San Antonio Rockport and Mexico railroad They intend to acquire lands opened by the railroad completion Theodore Nelson guides the group and the travelers are registered at the St James with members F W Lamberson P Jennis John P Gummy Lewis Fedge Jens Tate William Nelson Jis Teigham A Fedge and E C Yost
Chicago January 20 Signs of a shrinking U S visible supply push grain prices higher Wheat May opens near the prior close then climbs to about 1.00 per bushel Corn also gains with May trading around 66 to 67 cents Provisions show a mixed but generally steady move May pork at 16 17 lard 9 35 ribs 8 67 cents per pound The market shows bullish sentiment despite dealer selling.
Quotation summary from St Louis reports cash wheat prices for No 2 red at 98 1 2 dollars No 2 hard at 1 02 1 11 dollars No 3 64 4 percent 65 cents No 3 white 66 to 67 cents oats No 2 50 cents No 2 white 50 cents grain close shows Wheat May 09 July 34 cents Corn May 67 cents July 67 cents Oats May 51 July 45
Quotation round from Kansas City shows cash wheat at No 2 hard 1.03 to 1.08 and No 2 red 0.99 to 0.99 5. Corn bids list No 2 mixed 0.68 to 0.68 and No 2 white 0.68. Stated futures close with wheat around 1.00 and July 0.93. corn May 0.67 to 0.66 1/4 with July 0.66 1/4.
Quotations for wheat oats and related grains reported from Chicago on January 20. No. 2 red wheat 87 98 cents No. 2 hard 99 cents to 1.03 No. 1 northern 1.09 to 1.11 No. 2 northern 1.06 to 1.10 velvet cha 1.05 durum 90 to 1.05 Oats No. 2 white 50 to 52 cents standard 60 to 62 cents.
New York opening shows a decline of 4 to 11 points amid liquidation by yesterday's buyers and sharp English break blamed on American selling. Prices steady near opening, then close 8 to 13 points lower with spot offerings liberal in early dealings.
Cotton futures opened steady to lower as Liverpool price breaks and strike news spurred profit taking. Bears gained on improved weather and Lancashire settlement gossip while short-covering limited buying. By midmorning prices ranged 10 to 12 points down with little support.
Cotton futures closed barely steady with a net decline of 13 to 15 points as several contracts show sideward moves and mixed quotes. The January through October series vary around the 9.5 to 9.8 cents range, reflecting a cautious market stance.
Liverpool trading shows spot cotton quiet at unchanged levels with American middling around 6.04 to 6.66 for grades while sales reach 6000 bales, including 4600 American. Receipts total 11,000 all American. Futures open steady but close weak with a series of listed monthly spreads.
Cotton seed oil closed steady with spot at 5.30 40 and January 5.30 36. February 6.39 40 and March bib 47. April 5.49 51 May 6.55 57 June 5.60 62 July 5.68 70. Sales between first and second call were 600 February at 6.40, 100 May 6.55, 1200 May 5.56, totaling 2000.
New Orleans market update shows prime refined cotton seed at 6.45 per pound in barrels, choice meal with 8 percent ammonia at 28.00 per long ton, and choice cake at 27.00 per long ton.
Middling and salon markets in Liverpool are quiet with small activity. New York shows broad quiet trading at about 405,000. New Orleans and Houston remain steady with Galveston similarly stable, signaling minimal price pressure across the week.
On January 20 in New Orleans spot cotton held steady with 650 sales and 24,401 receipts. Price scales ranged from low ordinary to strict good middling, with several grades listed, including middling and good middling, while stocks and arrivals were reported.
Galveston Texas notes spot cotton trading at middling 10 cents with substantial activity. On the spot, 880 bales were sold with 300 bales offered but not taken.
Spot cotton in Houston on January 20 closed at middling 9 3/4 cents per pound with overall activity described as steady for the trading day. The market reflected routine demand with buyers and sellers aligned on current levels in a steady session.
New York spot cotton closed six points lower on January 20 with middling uplands at 9.50 and gulf at 9.75 cents per pound. No sales were recorded.
New York Jan 20 Coffee prices closed steady for Rio 7 futures with March at 12.64 and May unchanged. The Associated Press reports slight firmness in the market as traders await further data.
Dun and Bradstreet notes extreme cold slows retail distribution while boosting iron and steel orders from railroads government and contractors. Pig iron firm and sheets tin plate activity seen. dry goods sales delayed by cold. cotton blankets priced for fair delivery. Shoes rise in volume as salesmen return to market. leather and hides markets remain strong with high tanner margins and recent advances.
New York trading opened with limited changes led by Reading which climbed to 158 1 2 as gains in Mexican Railway second preferred and Interborough Met preferred supported a broad advance. Trading slackened in late hours with profit taking easing, while Reading Northern Pacific and some metal stocks posted higher levels before minor recessions trimmed gains. Boston mining closes showed Arizona Commercial at 3 1 2% and Greene Cananea at 8% with a mixed slate across major groups.
Milk products and dairy items show steady tone. Creameries offer 30 to 38 cents with Daisies Co firm. receipts 1417 cases including firsts at 27 to 31 1/2 cents. Cheese stable with Daisies, Twins, Young Americas at 16 1/2 to 16 1/2. Potatoes easy with 85 carloads. Wisconsin prices 1.00 to 1.05, Michigan and Minnesota 1.03 to 1.05. Poultry steady Turkeys 18c, chickens 1c, springs 1s 1/2 to 11 1/2c. weights 50 to 60 pounds 7.
New York markets report raw sugar firmness with Muscovado 3.95 to 3.98 cents and centrifugal 4.45 to 4.48 cents, molasses sugar 3.70 to 8.73 cents, refined sugar cubes 5.75 cents, granulated 6.50 cents, powdered 5.60. Petroleum steady, refined barrels 7.60. Hides, Bogota and Central America rates listed. Leather prices firm with hem l ock firsts 25 to 27 cents, seconds 24 to 26, thirds 21 to 22, rejects 11 cents.
In St Louis on Jan 20 poultry prices showed dull demand with chickens at 10 cents for springs 10¢ turkeys 16 percent ducks 13 cents geese and butter steady creameries at 1.36 dollars eggs firm at 28 cents.
Jan reports fresh gathered extras for stenny with a refrigerator special marked at 29 percent and 30.
A 14 year old negro lad is detained by police on accusations of breaking into at least nine residences. Victims include E M Goldstein and Mrs Reed among others. Money and jewelry were stolen. detectives report partial recovery. No affidavits filed yet. Pay your poll tax. High School Senate Banquet honors new officers.
In St Louis today January 26 the lead price stood at 4.37 and the spelter price at 6.55, indicating market levels for the metals.
New York January 20 money on call nominal. Time loans very soft and active. Sixty days at 24 percent, 90 days at 2 percent, six months at high.
Lead steady at 15 pounds 3 pence per long ton with small trade. Spelter quiet at 26 pounds 15 shillings. Tin easy with spot at 180 pounds 5s and futures at 187 pounds 5s.
J B Nitschke state inspector of masonry will travel to Austin to confer with Governor Colquitt on how to continue razing the modern parts of the Alamo property. Progress suggests the modern framework may be torn down by mid next week. A brick chimney weighing over 2000 pounds was found near the Hugo Schmeltzer building's end timbers.
A judge notes workers hurry to complete a railroad timetable with haste and seeks avoid altering the plan. The exchange underscores a push for orderly progress over rushed changes.
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