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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 12, 1912
Page
22
Market declines on all grades of refined sugar amid Cuban plantation unrest and Louisiana yield shortfalls. Local quotation sits at 6.75 per cwt as dealers reassess demand, while potatoes, oats, and prunes show varied movements amid rains and harvests. European buyers enter California prune market. overall trade cautious.
Chicago market reports steady butter and eggs with mixed cheese and dairy quotes. Creameries and dairy products show varied declines and gains across items like daisies, Americans, and Long Horns while potatoes ease and poultry values are listed for live turkeys, chicks, and veal.
Kansas City markets report butter and cream prices with the best bids for firsts at 24 1/2 cents and seconds around 20 to 21 cents. Packing stock pricing shows 19 1/2 to 19 3/4 cents for extras and earlier references indicate varied quotations across different grades and items.
In St Louis on June 12 poultry remained steady with relic, springs at 23 8i, and turkeys at 10c. Butter held at 22 to 24 cents per pound, with creamery butter steady. Eggs quiet at 16 cents.
New York June 12 eggs mixed in price with irregular movement and fresh gathered extras quoted at 21 22 cents per dozen, indicating modest supply fluctuations amid steady demand.
Raw sugar shows steadiness with Muscovado 89 test at 3.42 and centrifugal 96 test at 3.92. Molasses 88 test at 3.17 and refined sugar Pacv around unchanged. Petroleum and molasses also steady, hides quiet, leather firm in today’s market notes.
In New York on June 12, coffee futures finished steady. No. 2 Rio grade held at 14 percent, with July futures at 13.46 and March at 13.83, reflecting a stable market tone despite recent fluctuations.
San Antonio report from June 12 covers 24 hours ending 8 a.m. 75th meridian time with fair belt weather and coastal rain. Temperature is nearly normal. Allen Buell signs as Official in Charge, United States Weather Bureau, Houston district. Exports data to Great Britain France continent Mexico and Japan appear as scattered figures.
Cattle buyers found a sparse supply at Union Stock Yards with a dull, holiday atmosphere and prices moving in line with yesterday. Cows topped at four dollars, calves up to six, most cattle around four to four fifty, hogs sold between five dollars and a higher unspecified range, sheep or goats offered. The report notes a limited, featureless session with good quality stock and light demand.
The St Louis market yesterday saw high values for quarantine cattle with W E Evans Dodge Oklahoma leading the sales of 15 head averaging 1413 pounds at 9.00 per cwt the highest on record. Other lots from Beeville Frio county and Del Rio plus shipments to Fort Worth and Kansas City showed solid gains as buyers paid strong prices for heavy steers and grass cattle.
Fort Worth buyers and sellers faced a mixed cattle sale with most classes slow, calves strong, and beef steers near 6.25 to 6. A strong calf demand lifted values about 25 cents from Monday. Hog receipts reached 1000 with steady to firm pricing and a top near 7.90, bulk 7.60 to 7.85. Sheep offerings were light and trading quiet with lambs at 7.25 and ewes at 4.
Receipts cattle 4600 including 1500 southerns with steady to strong skin. native steers six fifty to nine twenty five. southern steers five to eight twenty five. southern cows and heifers three fifty to five fifty. native cows and heifers three twenty five to eight forty. feeders four twenty five to six seventy five. calves four sixty to eight twenty six. Hog receipts 16000 with steady to five cents lower. bulk seven thirty to seven sixty. heavy seven fifty five to seven sixty cinco. packers and butchers seven fourteen to seven forty five. pigs three five zero to five zero. Sheep receipts 5000 market steady. muttons four to six. range ewes two fifty to nine. Texas goats two fifty five to three twenty five.
Receipts today include 8600 cattle with 1200 Texas stock, 11,500 hogs and 2500 sheep. Cattle steady with native beef steers 5.75 to 9.26, cows 3.50 to 8.40, stockers 3.75 to 6.76, Texas steers 5.75 to 8.00, calves 6.00 to 8.25. Hogs steady with pigs and lights 5.60 to 7.50, mixed and butchers 7.45 to 7.70, heavy 7.65 to 7.70. Sheep strong with native muttons 3.75 to 5.00 and lambs 5.50 to 8.76.
Chicago market receipts are estimated at 14 000 cattle 30 000 hogs and 20 000 sheep with a generally steady tone for cattle and mixed prices. Cattle vary from 2 80 to 9 40 for Reeves and up to 8 15 for Texas and western steers while stockers feeders cows and calves command lower ranges. Hogs show slow to five cents lower with sales mainly 7 45 to 7 60 and pigs around 5 25 to 7 00. Sheep remain steady for the best with weaker demand for other grades and lambs bid up to about 9 16 for spring lambs.
Spot cotton in New Orleans remains firm with advances across grades. Market shows deliveries of 21 bales with quotes from low to strict good and middling plus, receipts totaling 1152 and stock at 46,246 with 280 sales.
In Memphis on June 12 spot cotton held steady with middling prices at 1 cent unchanged. The report notes no movement in the market and reflects stable local demand for grade and staple.
New York June 12 dull and irregular tone dominated the opening of the stock market with fractional gains and losses. Activity was light with trading less than a quarter of yesterday and Standard shares tending toward heaviness amid persistent inactivity and a cautious mood. Some leaders rose and fell, bonds were irregular, Canadian Pacific and Canadian American Smelting preferred showed strength, and the market closed steadier after a late marginal improvement before another complete stagnation hour.
Prime mercantile paper and sterling rates cited with actual business in bankers’ bills at 4.84.75 for 60 days and 4.87.25 for demand. Commercial bills 4.84. Mexican dollars 48. Government bonds steady. Railroad bonds irregular.
The primary cotton goods markets are quiet and steady in New York. Wash fabrics move more from jobbers stocks while dress goods are introduced steadily for fall delivery. Yarns are quiet and barely steady with worsted yarns tending higher.
Cottonseed meal and linters prices given for Memphis. In New York the cotton seed oil market closed firm with spot and futures quotes across June to January. Notable sales include 6000 total contracts with multiple lots in Aug Sept Oct Nov and Dec deliveries.
New Orleans reports steady clean rice with rough grades steady and receipts totaling 207 rough and 167 millers. Clean Honduras 914 and clean Japan 60 noted with quotations at 44 percent for Honduras and 4 4 1/2 cents for Japan.
NEW ORLEANS, June 12. Prime refined cotton seed oil in barrels per pound 7.15 cents. Choice meal with 8 per cent ammonia per long ton 29 dollars. Choice cake with 8 per cent ammonia per long ton 27 dollars 50 cents.
London reports a steady lead at 17 pounds 10s, with Boelter at 25 pounds 15s, tin easing while spot sits at 206 pounds and futures at 195 pounds per sterling.
In St Louis on June 12 wool markets show steady prices across medium combing and clothing grades with 20 percent loss for some, light fine at 16 1 2 cents, heavy fine at 12 1 6 to 16 1 2 cents, and washed at 27 to 80 cents per unit.
Futures opened quiet and steady and closed steady in Liverool. Rates along the curve show small variations with July and August around 6.38 percent and distant months hovering near 6.27 to 6.30 percent.
New York on June 12 reports cotton markets steady with slight gains. Middling uplands quoted at 11.80 cents and middling gulf at 12.5 cents, no sales recorded.
New York June 12 bar silver steadies at 61 1/2 cents as market prices hold after a calm trading session. Dealers report quiet demand with little movement in precious metal markets.
New York opened steady with 4 to 8 point gains amid firmer cables and buying by Liverpool New Orleans and leading spot interests. Southern weather looked favorable but fears of Gulf storms kept midday gains modest with active months up 11 to 18 points before easing. spot middling uplands remained about 11 3/4 cents.
New Orleans June 12 Cotton futures opened steady with a 6 to 12 point advance on good cables. A favorable weather map kept buying light but the market showed a steady tone and rose through the morning. The weather forecast remained favorable though gulf storm warnings caused some nervousness among shorts. By midmorning prices were 10 to 12 points higher as long players led demand, with Liverpool noted as a heavy buyer. The market kept a firm undertone and stop loss orders on shorts increased demand. Crop reports stayed favorable while demand outpaced supply, and by noon prices stood 16 to 17 points up.
New Orleans June 12 cotton futures opened steady with June at 12.03, July 12.06 bid, August 11.86, September 11.74, October 11.62, December 11.65, January 11.70, March 11.78. The market closed steady with a net advance of 14 to 18 points.
Closing cotton prices rise one point to five points, with American middling fair at 7.16 and middling around 6.54. Sales total 12,000 bales, including 1,000 for speculation and export and 10,400 American. Receipts 12,000 bales, 6,000 American. Lead higher at St. Louis, zinc market noted with spelter 6.85 to 6.90.
A historical railroad timetable lists arriving and departing trains with routes from Houston Galveston and Kerrville to Dallas Fort Worth El Paso and the east, including mixed and Sunday only services. It shows numbers 241 206 15 16 10 8 6 44 42 146 2 4 6 43 41 145 301 3 9 7 and more with times like 7:15 pm 7:20 am 1:30 pm 8:40 am 9:16 pm and 8:30 am 8:30 pm across the Victoria Main Line and Santa Fe routes.
In St Louis on June 12 there are listed prices for grain and oats futures. No. 2 red and hard wheat, No. 2 corn and oats show July and September contracts with notable quotes such as corn around 74 to 72 cents, oats near 49 to 40 cents, and wheat near 1.08 to 1.14 dollars per bushel according to the report.
Kansas City June 12 cash grain prices for wheat, corn, and oats show No 2 hard and red wheat ranges from 1.00 to 1.12 dollars per bushel, mixed and white wheat around 0.75 to 0.80, oats near 0.63 to 0.65 for No 2 white and mixed. July and September futures listed with slight declines and shifts across wheat corn and oats.
In Chicago on June 12 reports of scarce French grain supplies pressured prices higher while buying supported corn and oats. July corn advanced to around 73 1/2 cents, oats firmed to near 60 cents, hogs eased but losses trimmed. lard and ribs quoted higher in the day. Heavy rains in South Dakota and crop damage doubts tempered gains but July wheat closed about 1.05 and oats near 60 cents, with a firmer tone overall.
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