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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 01, 1912
Page
7
Reports of broken droughts in Kansas and Nebraska weigh on wheat and corn prices while sugar shortages ease in San Antonio with two carloads arriving. Green coffee gains lift the market alongside pessimistic growth signals. Cheese prices ease as producers catch up on orders and grills rise in picnic season amid steadier eggs and poultry.
A long list of farm and market prices follows, detailing country produce such as poultry butter eggs vegetables and fruits. It includes per pound prices for poultry and meats, canned goods, dried beans, nuts, seeds, coffee and sugar, flour, rice bran, oats, and rice. A closing note mentions France’s loan association based on personal honor for humble applicants.
Fragmented weather item reports observations from the morning noting air pressure, wind, temperature points and sky conditions. The text is garbled with misread terms and unclear data but references pressure, wind, temperature markers, and various sky states such as clear and cloudy.
Five calves comprised the total offerings as 760 head of livestock were yarded at Noon. The supply included 241 cattle 5 calves 26 hogs and 488 goats with no market session. Buyers left quickly but sentiment favored next week’s potential and past week’s good business.
San Antonio Texas June 1 Temperatures rainfall and weather for the Houston district for the 24 hours ending 8 o'clock this morning 75th meridian time. Remarks rainfall an inch or more at Del Rio and Amite included. Allen Buell official in charge Weather Bureau local office.
Fort Worth cattle market nominal with two carloads offered. Calves steady at 4.75 to 7.25 dollars. stocker and mixed stock mixed. Hogs strong with top 7.26 and two others at 7.60 and 7.65. Week shows hogs down 10 to 15 cents, cattle receipts 126, sheep 725, overall receipts 2385 with market strength across hogs and sheep despite limited offerings.
Cattle receipts about 200 head with a steady market. Reeves calves and hogs show mixed quotes with gains for some classes. Sheep receipts near 15 000 and market described as slow and weak with native and western offerings priced accordingly.
Receipts total 600 with 300 Texas cattle and hogs at 4000 head. Beef steers quoted 6.00 to 9.25, cows and heifers 3.25 to 8.50, calves 6.50 to 8.00 in carloads. Hog prices range 7.25 to 7.60 for pigs and lights up to 7.60 for mixed and butchers. No sheep reported.
By the Associated Press in Kansas City the day’s market reports show cattle receipts at 700 with steady value. Native steers earn 6.25 to 9.25 while southern steers bring 5.25 to 8.40. southern cows and heifers 3.60 to 6.50. Hog receipts reach 6000 with prices five cents higher. heavy hogs 7.46 to 7.55 and lights 7.00 to 7.36. Sheep receipts 1000 with steady markets. muttons 4.00 to 6.25 and lambs 6.60 to 10.00. Texas goats 3.00 to 4.60.
Markets report from Chicago shows butter and cheese prices steady with varied quotes for cream, ordinary, and firsts. potatoes and poultry values noted with slight changes. New Orleans reports rough rice nominal and clean quotations unchanged, with receipts and sales for Honduras and Japan noted.
The Associated Press reports on June 1 that New York cotton goods markets were quiet and steady while wool markets firmed and advanced. Yarns remained steady and jobbing houses conducted only moderate business.
Market report from New Orleans notes prime refined cotton oil in barrels at 7.15 cents per pound and choice meal at 8 percent moisture with oats at $29 per unit. Also listed is choice cake at the same rate as the oil, reflecting general commodity pricing.
New York reports Uggs steady and market unchanged as lead remains firm at 4.12 to 4.15 and spelter holds between 6.75 and 6.85. Prices listed from St Louis dispatch dated June 1 indicate stable trading margins for these metals.
Knights of Columbus hall at Houston and Naverro streets hosts Sunday June 2 installation ceremony for Rev H J M Wirtz as pastor of Sacred Heart church. Nelson Lytle.
Poultry markets show weakness with chickens at 11 1/2 cents and turkeys at 11 1/2 cents. Ducks bid 11 1/2 cents, geese 5 cents. Butter at 22 1/2 cents a pound, eggs unchanged.
AP dispatch from Kansas City lists dairy product prices with butter at 2 cents, creamery entries at 2 cents, packing stock at 19 cents, and eggs with extras at 10 cents, firsts at 17 cents, and seconds at 15 cents.
General rains across Kansas and Nebraska dampened wheat values on June 1. Texas and Oklahoma crops expected harvests in good condition aided bears, with July futures slipping to about 1.09 dollars and corn and oats also easing. Hog market activity supported some buying, but overall liquidation pushed grains lower before a late rebound.
The Associated Press notes Chicago grain prices for July and September with wheat red No 2 and No 1 schedules, corn No 2 and yellow varieties, and assorted bids around 1.10 to 1.17 plus fractions. Ribs and oats pricing data are listed alongside.
By the Associated Press prices for cash wheat and corn in St Louis show No 2 hard wheat at $1.12, 2 red cash wheat $1.18 to $1.20, No 2 blue corn $0.73, No 2 white corn $0.80, with oats No 2 at $0.62 and No 2 white at $0.54. Futures for wheat July at $1.06+ and September around $1.03–$1.04, corn July about $0.73 and September around $0.90, oats July about $0.47 and September around $0.50.
Market notes show No 2 hard wheat at 1.09 to 1.11 with No 2 mined grain at 18 to 19 cents. White oats and mixed varieties quoted with declines, July and September wheat closes around 1.00 to 1.01, corn prices noted, oats futures at 47 to 40 cents.
U S customs records seize a dun horse branded with Mexican marks from Joseph McDonald in San Antonio for violations. Claimant must file by 10 AM June 7 1912 or horse will be sold at public auction in front of the Federal Building. Also a brief line notes European Russia has 62 electrical distributing stations.
New York opened steady down 2.4 points on favorable south weather and possible Sunday showers. Weekend covering checked declines, and the index firmed to near last night's close. The close showed a net decline of about 2 3 points, with weather and spillover effects noted.
New York cotton futures opened steady with mixed quotes across months from January through December. Prices displayed slight gains and losses in early trading, with June and July contracts hovering around ten to eleven cents, while nearby months show narrow ranges amid unsettled activity.
Cotton futures in New Orleans opened steady with declines of 1 to 4 points as favorable crop projections from Texas and other belt areas tempered by short covering demand. Prices slipped 4 points for the active month at the end of the first half hour amid dull activity and ample weather forecasts foretelling showers.
The Associated Press reports New Orleans June 1 cotton futures opened mostly unchanged with bids showing Jan 11.57, July 11.60, Aug 11.48, and Oct 11.26. Session closed steady, reflecting a small net loss or gain around early levels.
Spot cotton is steady with prices unchanged across grades. The market reports low ordinary to good middling values, with 432 bales traded, 1200 shipments, and total stock at 43,909.
Spot cotton closed quiet with prices down 10 points. Middling up lands at 11.40 cents per pound and gulf at 11.65 cents. Total bales recorded 204.
New Orleans June 1 steady spot cotton with slight gains across grades. Prices range from low ordinary around 8 1 2 cents to middling 11 1 2 cents with receipts 150, stock 46,655.
In Galveston on June 1 spot cotton remained quiet yet steady. Prices ranged from low ordinary at 7 3/4 cents to middling fair at 12 6/16 cents with no spots sold and receipts at 1869 against a stock of 94,257.
Spot cotton in Memphis on June 1 held steady at middling 12 cents. The market showed no change from the previous session with all grades flat and unchanged futures tone implied.
Prime basis oil 6.14 meal 28 linters 2% beet 6.10 6.60 close. future bids shown for July through December with prices from 6.58 to 7.02. Sales totals list 4300 units with 100 July at 6.83 and 400 September at 6.99 among others.
Bradstreet's notes irregular trade with no better than fair turnover in commercial circles. Retailers report a very disappointing spring as small lot, immediate needs purchases dominate and confidence hinges on crop prospects and upcoming conventions. Iron and steel shipments remain heavy but outputs may dip due to high coke prices. Business failures compare with prior weeks and years.
James Anderson and his son James will depart New York on June 1 for an extended European voyage, details of the trip described in the cotton statistics column.
Stocks show early irregularity as Lehigh Valley Union Pacific Reading move in and out of gains. Reading Valley Canadian Pacific and Union volumes rise above prior close while steel and prominent issues buoy prices. Mercantile paper Sterling exchange and government bonds listed. money on call nominal with various time deposits rated at 3 to 8.5 percent.
Banks show 600 in excess of legal requirements, a rise of 4,439,010 in cash reserve since the previous day. Bar silver quotes at 60 percent.
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