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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 21, 1912
Page
11
The report notes substantial advances in meat prices on the Chicago board of trade with penalties for hogs and lard, while refined sugar markets swing amid demand shifts. Coffee and oyster markets show cautious movement as egg and seed trade also trends upward driven by shortages and Easter demand.
Quotations were as follows butter steady creamery prices 26 27 cents per pound. Cheese steady daisies 18 to 19 cents, twins 18 to 19, longhorns 18 to 19. Potatoes strong choice to fancy 1.15 to 1.18 per bushel. Poultry weak turkeys 14, chickens 15, hens 15. Meat steady 50 to 60 pound weights 7.
Associated Press reports eggs unsettled trading in New York on March 21 with gathered extras around 23 percent, dirties near 20 to 21 cents, and weeks at 19 to 20 cents amid fluctuating quotes and market uncertainty.
Quotations today show poultry steady with chickens 12½ cents, springs 15, ducks 16, geese steady. butter firm with creamery at 24 to 30 cents. meat and eggs mixed with slight gains in some items.
Associated Press bulletin from Kansas City on March 21 lists creamery prices with Sutter items at 28c for firsts 26c, packing stock 21%c, legs 23c and 21c for firsts, with extras 23c.
New York trading reports raw sugar and muscovado at 3.98 cents and refined at 4.49 cents per pound, 89 and 96 test respectively, with molasses sugar steady. Petroleum, hides, and molasses also hold, while ether remains firm.
In York on March 21 futures for Coffee No. 7 4%o closed steady with May at 3.10 and July at 10.53 dollars per bag as traders noted stable demand.
In New Orleans on March 21 traders noted active clean rough sales despite very tight rough inventories. Receipts show rough none and clean 11 751. Prices listed for Honduras and Japan notes reflect small gains and varied notations. A Vienna journal reports a Vienna font investigation finds only 80 kronen (about $20) involved in a separate matter.
The report describes tonight as fair and very cold with a cold wave. temperatures 28 to 32 in parts, freezing risk noted. Friday will be fair and warmer. East Texas shows colder conditions tonight with a cold wave, variable temperatures from 20s to 80s along the coast, with sugar and trucking regions likely freezing.
New York open steady to slight gains giving way to selling as realizations and local selling dominated. By noon active months showed 18 to 15 points net lower with unsettled weather forecasts and heavy selling from large holders amid morning trading.
Cotton futures in New York opened steady with January at 10.64 and March at 10.37. Prices showed a narrow range through the session with December around 10.69 and May near 10.46 as bids and offers fluctuated.
Receipts totaled 87 head including cattle calves horses and hogs. Cows and calves sold mainly 2 to 3.50 with best cows at 4 and calves up to 5. Veal bid high amid limited supply. Hog trade steady with best porkers around 6.25 and 6 to 6.10 for bulk. Sheep and goats not offered. general market held steady to firm on other classes.
A bill to bar shipment of calves under six weeks unless accompanied by mothers is introduced by Representative Hamilton of Michigan. The measure gains Humane Society support and pure food endorsements. Fort Worth Fat Stock show draws record cattlemen turnout as Goats and sheep movements hint at spring market activity. W. T. Way joins Evans-Snyder-Buell & Co. in San Antonio. First major shipment of tick infested Texas steers sold at Fort Worth to Big Canyon Ranch. Other large deals include 8000 steers sold to H. M. Stonebreaker by A. M. McFadden.
Cattle receipts 4000 market steady to strong. Beef and steer prices listed for Reeves Texas western stockers cows and calves. Hogs receipts 14000 market 25 to 30 cents higher with price ranges for light mixed heavy and pigs. Sheep receipts 14000 market steady to higher with native and western lamb and yearling quotes.
Kansas City cattle quotations show receipts at 2000 head with 200 south cattle included. Market activity centered on value for steer and heifer classes as buyers assessed feeder demand and fattening potential amid steady to mixed prices.
Fort Worth market notes cattle receipts 1500 with steers and cows steady and calves steady. Hogs receipts 500 with prices 15 to 20 cents higher and tops at 7.75. Sheep receipts 1400 with lambs steady and prices around 6.00.
The St Louis market reported receipts of 1000 cattle including 100 Texas and Oklahoma steers, with native beef steers from 5.00 to 8.75, hogs at 25 to 30 cents higher and calves to 7.55, and sheep at 4.25 to 6.00 for muttons and 6.00 to 8.00 for lambs, with overall strength across categories.
Edwin Hirsch an Irvington merchant wins a decree of divorce from Hazel Hirsch who deserted him two years ago. He testified he gave her every luxury and allowed her freedoms, never showed jealousy or liquor use, and never spoke an unkind word. She said she could have loved him if he beat or scolded her occasionally.
Las Vegas dispatch reports Edward Weeks of Caliente and Las Vegas refuses to travel to San Francisco to collect 2800 held by the public administrator as part of his late mother’s estate. Weeks, 15 years in the area, subsists on odd jobs and works as a hotel dishwasher.
Mrs Dooley jokes about taking twelve children to Ireland and getting twelve tickets for the price of eleven, with Mrs Murphy Faith noting a large family is a great saver to a person, as the judge comments.
Trading in New York equities featured broad activity with gains in National Biscuit General Electric and Denver and Rio Grande preferred. United States Steel Reading Lehigh Valley Amalgamated Copper American Smelting and Tobacco issues led early advances, while mid session some declines and widespread profit taking pared gains.
Associated Press reports steady sterling and mercantile paper with 4.4 percent close. Bankers bills quoted at 4.84 to 60 days and 3a to demand. Government and railroad bonds steady. Money on call steady at 2 3/8 percent. Time loans firmer with mixed percentages across maturities.
New Orleans March 21 Cotton futures opened steady to down three points as bears were spurred by dry weather in most belt regions. Early trading kept prices three to four points below yesterday with little support. Crop reports showed gains with more planting in Texas despite backward conditions. At noon prices ranged down to nine points, while forecasts favored fair weather.
March 10.80 87, April 10.81 nominal, May 10.74 75, July 10.78 79, August 10.66 68, September 10.64 66, October 10.62 63, December 10.62 68. Cotton futures closed steady at a net decline of 6 to 8 points.
Market bulletin lists US port quotations for March 21 with wheat at No 2 hard 1.04 to 1.10, No 2 red 1.00 to 1.01. corn No 2 mixed 70% to 71% with delays. oats No 2 white 63% to 54% and No 2 mixed 52% to 53% with May June futures and July September bids and sells noted.
Chicago reports show forecasts for lighter Argentina shipments boosting wheat while corn weakens on freezing weather. May wheat opens up to 1.04 but settles near 1.01 102. Losses spread as eastern distributors expect two months of corn supply. pork and ribs trade mixed as markets ease after early strength.
London dispatch reports bullion totaling 116000 pounds sterling moved into the Bank of England on balance today. In dia council bills were allotted yesterday at Is 41 164.
Paris on March 21 reports three per cent rentes and 2 percent notes for the account. Exchange on London stands at 25f 24 for checks. Private discount rate remains at 8 percent.
In Bombay on March 21 the bank’s discount rate dropped from 7 to 6 percent. The Red Sea to Arabian Gulf strait, long perilous for ships, is nicknamed the Gate of Tears due to numerous losses.
Liverpool March 21 closing shows a quiet cotton market with prices down 8 points. American middling fair 6.71, good middling 6.38, middling 6.09, low middling 5.79, good ordinary 6.37, ordinary 6.11. Sales 5000 bales including 4700 American. receipts 16,300 bales all American.
Markets in Liverpool report steady futures with small spreads across several seasonal pairs from March into the next year. Notable rates include March-April 5.84 percent and Feb-March 6.70 percent as investors watch for shifts.
Quotations show No. 2 red wheat at about 1.01 to 1.02 dollars, No. 1 northern 1.11 to 1.18, No. 2 northern 1.05 to 1.10, No. 2 spring 1.06, oats No. 2 white 58 to 54 cents, standard 53 to 54 cents, velvet chaff 95 to 1.08 dollars, durum 98 to 1.06 dollars.
Cash wheat prices NG 2 red 108 1/2 cents No 2 hard 102 1/2 cents. Psat 3 68 69 cents. No 3 white 68 cents. Oats No 2 58 1/2 cents No 2 white 54 1/2 cents. Wheat May 100 1/2 cents July. Corn May 78 1/2 cents July 72 1/2 cents. Oats May 53 cents July 48 cents.
Lead firm at 16 pounds 5s. Spelter weak at 26 pounds. Tin quiet with spot 189 pounds 15s and futures at 187 pounds. London markets record metal quotes for the day with fluctuating notes on demand and price levels.
Market roundup shows varying activity with New Orleans and Liverpool steady or easy. Houston and Galveston noted quiet, while overall volumes around 1,850 to 6,000 units with minor price moves.
New Orleans on March 21 reports spot cotton steady with 1850 bales sold and arrivals of 150. Prices range from low ordinary at 5-16 to good middling at 11 3-16 cents, with receipts at 2304 and stock at 201,208.
Memphis market reports cot ton steady on March 21 with Middling at 10 percent, unchanged from prior. The brief item notes stable prices and no movement in the spot market.
In New York on March 21 cotton spots were quiet with a 10 point drop. Middling upland closed at $10.55 and middling gulf at $10.80 as sales were noted.
Cotton seed products in Minnesota and Tennessee show prime basis at 4.67 73c and meal at 256 with linter at 24% 8c. New York cotton seed oil closed firm with spot and futures across March to October, total sales 17 900.
The New York market remains firm as mills hesitate to sell due to wage talks. Jobbers note broadening demand with firmer Worsted yarns and higher dress goods for fall. Knit goods prices are advancing.
Lead strong at 4.17 to 4.25 with Spelter at 6.65. A noiseless aeroplane is being tested by the British army to run so quietly the motor cannot be heard fifty yards away.
Special to The Light. Flatonia Texas reports thirty bales of cotton received Monday, bringing the season total to 4000 bales, 1000 over last year. Twenty-first car of cogs shipped, 25 cars last year. Merchants pay 19 cents per dozen this week. A French jeweler unveils an electric alarm clock capable of daily rings or on designated days.
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