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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 26, 1912
Page
15
Declines were registered in both coffee and sugar on the local wholesale market today after fractional reductions at larger centers yesterday. All bulk roasted coffee grades are down a cent per pound, granulated sugar down five cents per hundred pounds, with markets turning easier and optimism rising for future prices.
A dense list of wholesale prices for vegetables fruits nuts and related goods. Idaho potatoes, sweet potatoes and onions lead the fruit and produce catalog with per hundredweight and crate rates, plus canned goods, seeds, grains and oils. Items include cabbage, pumpkins, cranberries, oranges, bananas, apples, walnuts, coffee, flour, sugar and more with varied packaging and units.
Union Stock Yards January 26 market failed to spark any activity with cattle sales dull and only cows drawing interest. Total receipts reached 195 head, including 136 cattle and 47 calves. Cows sold around 3.50, with trades requiring large reductions to move.
El Paso prepares for the Panhandle stockmens convention March 6 and 7 with 7000 members to manage. Burt Orndorff heads the arrangement committee as delegates from the Texas Cattle Raisers association and the National Live Stock association are expected. Local stockmen report good conditions and rising markets ahead of spring shipments.
Fort Worth cattle yard receipts 2200 head cattle 2000 hogs 500 sheep. Beef steers rise to 5.50 top from 5.40. price range 4.60 to 5.25. Butcher cows 5.75 general 5. bulls 8 to 4.40. calves 3.76 to 6. Hog best 6.55. bulk 6.10 to 6.60. Sheep around 4.75. overall market steady and even with good movement.
Receipts and quotations show cattle at 4000 and slow demand with prices from 2.10 to 8.40 for various grades, hogs at 38000 with 5 to 10 cent declines and spreads from 4.15 to 6.32, and sheep at 12000 with weakness of 10 to 20 cents and values from 3.15 to 6.80 for natives and westerns.
Associated Press notes cattle receipts 1500 with steady market. Native and southern cattle price ranges listed. hog receipts 8000 with 5 to 10 cents lower market. sheep receipts 4000 with steady market. Prices cover steers cows heifers stockers feeders bulls calves western categories and lambs plus muttons and yearlings.
Receipts total 300 cattle including 60 Texas stock. market steady with native beef steers 4.50 to 6.50, cows and heifers 3.00 to 6.50, stockers 3.25 to 5.50, Texas steers 5.00 to 7.00, carload calves 5.00 to 50. Hogs receipts 7000 steady with ten cents lower. pigs and lights 4.00 to 6.60, mixed and butcher 6.20 to 6.30, good heavy 6.25 to 6.36. Sheep receipts 2500 steady. native muttons 3.56 to 4.55, lambs 5.60 to 6.90.
Market notes show Liverpool steady at 560, New York quiet, New Orleans steady, Houston steady, Galveston firm with listed figures totaling 1,493 and 3 164 698 across entries. Trading activity appears muted with mixed firmness in regional hubs.
On January 26 in New Orleans spot cotton remained steady with 1/16 up. Sales on the spot 1100 to arrive 1300, with price quotes across grades including low ordinary 61-16 and good middling 10-16. Receipts totaled 9952 and stock 273,764.
Houston Texas January 26 spot cotton closed steady with middling grade quoted at 10 cents per pound.
Spot cotton closed quiet with gains as middling uplands reached 9.70 cents and gulf 9.95 cents. Sales totaled 700 bales.
The Associated Press reports Paris exchange data with closing three percent rentes at 95f 274sc, exchange on London at 25f 26%c for checks, and a private discount rate of 3.
London authorities reveal bullion totaling 152000 pounds entered the Bank of England and 255000 pounds were withdrawn for shipment to an undisclosed destination. The brief notice omits names, dates beyond today, and the destination of the shipment.
Chicago wires report Liverpool scarcity lifting wheat futures with May opening around $1.02, rising to $1.01% and then $1.02. Corn saw gains on investment buying while hogs faced lower sales and weaker spirits in provisions with May delivery around $16.27.
New York opened steady with a 4 to 6 point advance on better cables. Memphis reports picking and ginning rising as cotton moves freely in seed and bales. Liverpool support and modest selling kept the market firm with middling uplands around 9.65 cents and active shorts edging prices up or down.
Cotton futures in New Orleans opened quiet and steady, gaining early two points on good cables and private Liverpool reports of strong spot demand. Traders noted heavy buying by spot interests and mills, with larger weekly movement than expected. By noon active months were 6 points higher, with profit taking later keeping gains at 6 to 7 points before closing 3 to 5 points lower for the day.
The report shows January 9.85 bid February 9.78 75 March 9.79 asked May 9.87 asked July 9.98 99 August 9.96 bid October 9.87 838 with no clear price movement. The Associated Press notes a quiet start reflecting mixed demand and supply across contracts.
Spot cotton sees steady prices with American bale focus and strong sales at 12,000 bales including 2,500 speculative/export, receipts 46,000. Futures open quiet and end very steady with March and May contracts around 6.3 to 6.4 cents per pound and varied month spreads.
Quotations today show cash wheat varying by grade from 88 99 cents for No 2 red to 1.10 1.11 dollars for No 1 northern. No 2 spring bids 90 cents to 1.07 dollars, durum 90 cents to 1.05. Oats range No 2 60 to 61 4 percent for No 2 white and standard 51 1/2 percent.
Kansas City quotations show cash wheat at No 2 hard 1.04 to 1.08 with No 2 red at 99 cents. Corn No 2 mixed 68 1/2 cents and No 2 white 68 1/4 to 68 1/2 cents. Oats No 2 white 61 1/2 to 62 1/2 cents and No 2 mixed 60 2/3 to 61 1/2 cents. May wheat 1.01 1/4, July 93 3/4 cents. corn May 68 1/2 cents, July 67 1/2 cents.
Prices for prime basis oil 4.60 and meal 24.50 are listed for Memphis with linter at 1% 3%c. New York reports mixed cotton seed oil futures with steady spot around 6.45 to 6.78, and several contracts tied to January through September deliveries with varied bids and small lot sales noted.
Independence Kansas January 26 Prairie Oil and Gas announced an advance of two cents in mid continent crude oil to 67 cents a barrel The move signals an uptick in pricing for regional crude and follows market shifts affecting supply and demand for crude oil in the area.
Memphis reports spot cotton staying steady with middling prices at 9 cents, unchanged from prior levels.
Wool markets in St Louis on January 26 show steady rates for medium combing and clothing grades at 21s for 2 1 2s, light fine 15 to 19 1 4 cents, heavy fine 12 to 16 1 2 cents, tub washed 27 to 30 cents.
Fragmentary OCR text mentions consols for 7 16 with account 771 and solar three, plus references to months and bills. The readable items are sparse and lack clear event details or dates. No explicit people or organizations are identifiable beyond generic terms.
Lead prices remained dull with a quoted 26 pounds sterling for ingot shipments. Tin held steady at 194 pounds per ton with copper reported at 192 pounds sterling in a limited London market brief.
Mrs. J F Garland surprised a burglar, Charles Lawrence Watters, at 606 Camden Street yesterday at 1 15 pm. Watters fled through the rear door and collided with Mr Garland. He was held for thirty minutes before police took him into custody. Jewelry found on Watters was identified by Mrs Garland and investigators suspect connections to thirteen burglaries. Detectives Knaus and Knang report pawnbrokers may be involved and warrants were served at Justice Umscheid's court.
Convicts at the Texas state penitentiary earned 21000 in overtime pay during October November and December at ten cents per day and one dollar for Sunday work, under the new law. This marks the second overtime payment made.
Imports all kinds 2188 000. Imports American 118 000. Stock all kinds 962 000. Stock American 846 000. American forwarded 69 000. Total exports 13 600. Reported by the Associated Press from Liverpool dated January 26.
Chicago markets report Butter steady with creamery and daisies prices cited. Eggs firm with receipts 1238 cases. firsts 30 32 cents, prime firsts 34 34 1/2 cents. Cheese steady for several varieties. potatoes easier with 100 car receipts. Poultry mixed with turkeys 13 cents and chickens 11 1/4 cents. Veal steady at 7 10 cents per 60 pounds.
New York stock market notes eggs firm with fresh gathered extras at 37 88c, dirties No 1 at 7lc, checks prime 238 24c, refrigerator specials marks firste at 31c.
Butter 40c per pound and eggs extras 35c per dozen listed with firsts 85c, seconds 38c, packing stock 24c, eggs firsts 330 and seconds 33%. Local dairy market price sheet shows typical commodity ranges.
Quotations show poultry mostly steady with chickens at 100 to 110 percent, turkeys 15 percent, ducks 13 percent, geese at 6 1/4 to 6 1/2 cents. Butter dull, creamery at 29 to 33 cents. eggs higher to 84 cents per dozen.
New York brokers report Rio closed steady on January 26 with March and May 74 contracts noted but unspecified.
Raw sugar remains steady with Muscovado 89 test at 8.89 cents and centrifugal 96 test at 4.39. Molasses sugar 89-test at 8.44. Refined goods steady. Petroleum molasses and hides steady. Leather firm.
The cotton goods markets in the domestic end are growing steadily firmer with broader buying. Yarns are higher and fine grades of men's wear for fall sell steadily. Rough dress goods for spring in light colors show better demand in jobbing houses.
New Orleans market notes Rice was strong and active with receipts of Rough 8365 and Clean 10096 plus millers 2450. Sales listed include Rough Honduras at 2.75 to 2.70 and 2.50 to 4.30 for spots, Japan values cited, Clean Honduras 2% to 4% and Japan 3% to 4% with explicit quotations for rough and clean categories.
Louis D. Brandeis told the House Judiciary Committee that President Roosevelt might have been inadequately advised on the Tennessee Coal and Iron and United States Steel merger. The hearing continued with United Shoe Machinery’s counsel allowed to speak, Brandeis barred from prejudicial remarks about the trust tied to patented machinery.
Stock market moves were irregular with St Paul tumbling after dividend cuts. Reading, Union Pacific, Lehigh Valley and Northern Pacific led the declines while American Tobacco and Lorillard gained. By midday New York Central rose and overall sentiment remained unsettled despite some recoveries.
New York report notes prime mercantile paper at 3 4 percent and 4 percent. Sterling exchange steady with bankers bills at 4.84 25 for 60 days and 4.85 55 for demand. Commercial bills at 4.83 percent. Bar silver at 57 cents per ounce. Mexican dollars at 4Te. Government bonds steady with railroad bonds irregular.
New York report shows money on steady footing with a ruling rate of 2 percent. Closing bid stands at 3 percent offered 2 percent. Time loans hold at 3 percent for 60 days and 80 days 2 3 percent. six months 3 percent.
The rivers harbors committee headed by Chairman Sparkman visited Tampa on its way to Washington. They inspected the bay and discussed a proposed $10,000,000 program with $2,000,000 earmarked to deepen the channel. The panel plans to view Key West celebrations before proceeding to the capital.
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