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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 08, 1912
Page
13
Receipts push eggs to as high as 15 to 18 cents a dozen while overall trade remains weak. California fruit buyers report rains affecting supply and futures, with lemons and oranges inching up to 2.75 and 2.50 per box as markets adjust to weather and shippers’ actions. Farmers face marketing pressure as a wetter spell continues.
Quotations indicate steady prices across dairy and produce lines. Creameries 27.30c, dairies 25c, receipts 6563 cases with varied grades. daisies 17% 18c, Twins 1c, Young Americas 174% 18c. Birds and fowl steady with turkeys 14c, spring chickens 14 45c. lambs market shows 60 pound wethers at 7.
The clipping reports mixed dairy prices with eggs listed at 22 23 cents and dirties 19 cents, while creamery quotes show firsts at 27 cents and seconds at 23 cents with extras around 20 to 22 percent.
Quotations were steady today in Louisville. Chickens 12 1/2 cents, springs 16 cents, turkeys 16 cents, ducks 15 cents, geese 8 cents. Prices firm at 25 3/4 cents, weak at 19 cents.
The Associated Press reports in York on March 8 that Rio futures for March and May closed barely steady at 13.35 dollars.
The March report from the United States Department of Agriculture shows farm crop stock figures. It notes remaining on farms totals around 122,025,000 bushels equivalent to about 25.6 percent of the 1911 crop, with large portions to be shipped from the counties where grown.
The Associated Press report from New Orleans on March 8 notes lead firm at 4.00 with strong activity and a 6.80 level, indicating robust trading momentum.
The Chief Quartermaster announces proposals for printing and drayage for the Quartermaster Department of Texas for a year starting July 1, 1912. Proposals in triplicate must be received by 11:00 a.m. April 5, 1912. Forms available on application at 556 Frontage, Chicago.
Weather notes outline observation at 8 am local time with sea level pressure, isobars and isotherms indicating temperature and precipitation. It describes symbols for cloud cover wind arrows and a three-part numerical format for temperature precipitation and wind speed.
The opening surge shows notable strength with United States Steel trades around 65% to 66% and United States Steel shares rising. Harriman issues and Great Northern preferred lead gains alongside Canadian Pacific and American Smelting. Realizing profits temper advances as the market turns mixed by midday and closes steady with continued strength in some rails and metals.
Fragment shows sales figures for previous year and season with amounts 367,000 and 296,000 for week and 9,289,000 and 7,849,000 for season. No names or dates identified.
Cattle markets open with a short listless session. Cows top at 4 dollars, calves to 4.50, hogs steady near 6 dollars, overall receipts moderate. Fort Worth markets reach season highs while St Louis and Kansas City stay strong and Chicago edges higher. Receipts light across centers as demand remains good.
Fort Worth market reports receipts of 2200 cattle with steers $4.30 to $6.75, cows $4.75 to $8.00, bulls $2.85 to $3.90, calves $3.25 to $7.00. Hogs receipts 600 with top $6.80 and bulk $6.35 to $6.70. Sheep receipts 375 with steady prices.
Cattle receipts 900 including 100 Texas with steady trade. Native beef steers 58.50, cows and heifers 3.00 6.75, stockers 3.75 6.25, Texas and Oklahoma steers 5.00 7.00, calves 5.00 7.00. Hogs receipts 1200 with steady prices. pigs and lights 5.00 6.50, mixed and butchers 6.40 6.60, good heavy 6.55 6.65. Sheep receipts 1600 and market strong. native muttons 3.26 4.50, lambs 6.00 7.25.
Receipts: cattle 1500 with 250 southerns. hogs 6000. sheep 6000. Market steady for cattle and hogs. strong for sheep. Cattle prices range from 3.25 to 8.50 depending on class. hogs list bulk sales 6.35 to 6.50 with up to 6.55 for packers and butchers. sheep include muttons 3.50 to 5.25 and lambs 6.00 to 7.10.
The Chicago market shows cattle receipts 2500 with steady demand. Hogs receipts 21,000 with a higher tone across weights. Sheep receipts 10,000 and market firm to 10 cents higher, with several classes sold at varied price ranges.
Market report shows Liverpool steady while New Orleans firm and Houston steady. Widespread tone remains midrange with fair volume in Galveston and New York listings reflecting mixed demand across port cities.
Spot cotton in New Orleans closed firm at unchanged levels with 1150 bales sold and 1300 bales arriving. Prices ranged from low ordinary 6 1/2 to middling fair 12 1/2 cents, receipts 2592 and stock at 292,932.
Spot cotton in New York on March 8 closed steady with a five point rise. Middling uplands priced at 10.70 while the gulf at 10.95. Sales totaled 900 bales.
New York market roundup notes refined sugar steady with Muscovado at 4.01 cents per pound and other sugar types near steady levels. Petroleum and molasses hold steady. leather and hides remain firm. Bogota and Central America price mentions appear among commodity observations.
Liverpool demand lifted wheat as May futures opened higher amid chatter of a bumper Argentinian crop. Corn weakened on the same talk, oats fell after heavy selling, while pork and rib futures posted gains before wheat slipped on shipments into Chicago. May corn closed roughly steady, while May wheat weakened further.
Cash wheat and oats quotations issued for Chicago markets show prices for No. 2 red No. 2 hard No. 1 northern No. 2 northern No. 2 spring velvet chaff and durum with bids ranging from 90 cents to $1.13 and oats at No. 2 63 cents No. 2 white 53 to 54 cents standard 53 to 54 cents.
Quotations show Cash wheat at 1.04 percent No 2 red and 1.02 percent No 2 hard, corn at 67 4 percent and 68 cents, oats at 54 and 52 percent. Futures close May wheat 1.02 percent and July 96 cents, corn May 73 cents and July 72 cents, oats May 52 cents and July 47 cents.
The Associated Press report from New Orleans notes rough Honduras rice active with firm Japan offerings. Clean grades advance with receipts and sales detailed, showing rough Honduras trading around 2.75 to 4.11 per unit and Japan around 4.06 to 4.10 in various lots.
Lead remains steady at 15 pounds 16 shillings per ton. Spelter holds at 26 pounds 10 shillings. Tin also steady with spot at 192 pounds 6 shillings and futures at 18 pounds 5 shillings. Trade shows no notable movement in London on March 8.
New York March 8 Money on call steady 2 5 percent. Ruling rate and closing bid 2 percent, offered 24 4. Time loans firm 60 days 3 90 days 3 percent, six months 344.
Calcutta reports the Bank of Bengal reduced its discount rate from 8 to 7 percent yesterday, signaling tighter credit conditions in the financial market. The move affects borrowers and lenders alike as liquidity shifts.
Cotton prices rose in New York and London amid forecasts of favorable weather and talk of a possible English strike settlement. New Orleans and Houston showed smaller gains or stability as traders expected continued rains in the south and strong buying by bulls on declines.
Cotton futures opened steady with near term prices from 10.75 to 10.82 cents and offered or bid quotes across months. After intraday trading the market closed firmer with most active months posting slight gains and steady to firm texture.
Cotton futures in New Orleans opened steady with a 5 to 7 point advance as talks of a coal strike settlement circulated. Cables from Liverpool suggested no official settlement, sparking selling and a 10 to 11 point drop before midmorning. By noon prices hovered 1 to 2 points under the prior close with late gains near 2 to 5 points.
New Orleans cotton futures opened steady with March at 10.82, April 10.81 83, May 10.81 bid, July 10.90 asked, August 10.83 865, September 10.80 82, October 10.78 79, December 10.81 88. Prices closed steady, little changed from yesterday.
Liverpool March 8 close shows good business with spot cotton four points higher. Prices list American middling fair 6.37, middling 6.03, low middling 6.78, good ordinary 6.35, ordinary 6.09. Sales 10,000 bales including 1,000 for speculation and export. American receipts 80,000 with 28,500 American bales.
Futures in Liverpool opened steady and closed barely steady with several spreads listed. Notable quotes include March-April at 6.80, June-July at 6.81, and September-October at 6.75, reflecting a narrow trading range across multiple contract pairs.
The Associated Press reports weekly cotton statistics for March 8. Imports total 175,000 bales with American imports at 157,000. Total stock 1,174,000 bales, American stock 1,067,000. American forwarded figures appear incomplete.
The Associated Press reports New York on March 8 8 cotton goods markets remain firm with Brown sheetings advanced a yard and several branded bleached cotton lines at value again. Jobbers note fair trade across departments and laces selling freely.
Memphis March market notes show prime cotton seed at 4.67 73, meal 25.75, linters 3.3 percent. Prices reflect local trading terms and commodity values for the day.
Merch and cotton seed closed strong in New York with spot prices from 5.70 to 5.80 and May 5.78. March 4.72 to 5.73, April 5.75 to 5.77, total reported sales 17,300 across multiple months including June July and October.
Memphis market reports spot cotton prices steady with middling grade quoted around 104.00 cents per pound, reflecting unchanged demand conditions and stable futures influence in the regional trade.
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