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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 01, 1912
Page
11
San Antonio dealers report scarce potato supplies despite a large Texas harvest. Prices hold at historical levels with old stock nearly gone as northern demand and home shortages drive buyers to pay high rates. Coffee market rises as Brazil crop outlook stays strong and government valorization drains.
The Associated Press notes butter and creamery prices steady with creamery values 28 to 31 cents. Dairy quotes range 22 to 28 cents for standard goods. Eggs steady at 17 to 18 cents, cheese prices mixed, potatoes weaker, and poultry and livestock prices show small changes across grades.
In St Louis on May 1 the butter firmed at 27 32 cents, eggs at 17 6 cents, while poultry remained steady with chickens 11 cents, springs 2 cents, turkeys 14 cents, ducks 11 cents, and geese 5 cents.
Kansas City butter and eggs prices listed with firsts and seconds. New York contains egg quality quotes and raw sugar levels. refined sugar and petroleum markets noted as steady. Hides and leather show firm pricing.
By the Associated Press in New York on May 1 futures for May and July contracts drift with limited activity. May at 13.57 and July noted, reflecting a subdued trading session with no major moves.
May 1 New Orleans market saw strong demand for rice but no transactions were recorded. Receipts tallied 900 rough and 3260 clean, with millers minor. Quotations showed rough Honduras 3.00 to 4.50, Honduras 4% at 5e, Japan nominal 4% to 4e.
New York May 1 The dry goods market was quiet and steady with cotton goods generally firm. Duplicating on men's wear overcoats for fall is very steady while wholesalers and retailers are seeing light trade due to unseasonable weather.
London financial wires show Consols for money 73 1 16, account 78 percent while bar silver held steady at 283 16. Traders await New York cues as currencies hold recent gains.
Temperatures and precipitation for Houston district stations reported for the four hours ending at dawn. Supt. Meridian time records indicate morning weather conditions across San Antonio and nearby areas.
The story describes a weather chart with air pressure at sea level, isobars and texture lines, wind arrows, and three figures per location showing temperature, precipitation over 0.01 inch, and maximum wind speed. It notes missing data and uses coded terms for sky conditions.
Associated Press reports wheat turned higher after initial drop despite soft cables and good weather. July wheat opened about 1.10 to 1.11 and fluctuated before closing easier. Corn rose in wet weather with July around 78 cents, then steadied. May oats remained near unchanged as pork, lard, and ribs saw sharp declines amid profit taking.
Quotations listed for wheat and oats across grades in Chicago. Wheat futures show No 2 red at 114% 116c and No 1 northern at 118 21e, with other grades ranging from 114% to 119c. Oats prices include No 2 white at 58 658c and standard at 57% to 58c.
In St Louis trading May 1 prices for wheat and corn were listed with May and July futures for wheat at 115 and 119 1/4 cents, September 107 1/2 cents, and corn around 82 1/2 to 83 1/2 cents with oats at 56 1/2 cents for May and 54 cents for July.
Fort Worth May 1 The Associated Press reports sheep prices rise sharply with midweek gains of 15 to 25 cents and weekly increases of 50 to 75 cents. Shorn wethers under quality reach 6.65, hog prices fall 6 to 10 cents with top at 8.10, and cattle stay steady to firm despite a bearish cow trend and light stocker activity.
Cattle receipts reach about 5000 with native and southern steers and cows priced from 4.00 to 8.00 dollars, stockers and feeders 5.00 to 7.15, and calves up to 7.50. Hog receipts around 12000 with most sales 7.50 to 7.90, lighter and butcher cuts lower. Sheep at 6000 head show a strong market with lambs 8.00 to 10.25 and feeding sheep from 6.00 to 8.50. Texas goats sold 3.35 to 4.50.
Cattle receipts near 20 000 with market steady. Hogs receipts around 40 000 slower with prices 7 60 to 7 80 bulk. sheep receipts about 16 000 steady. Native cattle priced 8 60 to 8 25, western cattle 5 25 to 8 25, yearlings 7 50 to 9 60, native lambs 6 50 to 9 80, western lambs 6 50 to 10 40.
Cattle receipts 3800 including 500 Texans. market steady with beef steers 5.50 to 9.00, cows 5.25 to 8.50, stockers 3.75 to 6.25, Texas steers 5.50 to 7.25, calves 6.25. Hog receipts 12400, market lower. pigs 5.25 to 7.85, mixed 7.56 to 7.95, good heavy 7.86 to 7.95. Sheep receipts 3000, market 10 cents lower. muttons 5.25 to 7.76, lambs 7.00.
Paris reports three per cent rentes at 94f 25c for the account and exchange with London at 25f 22 1/2c. Private discount rate for checks is 34 1/2 per cent.
By the Associated Press Boston May 1 Arizona Commercial 5 percent Calumet and Arizona 73 Greene Can anea 2 percent North Butte 0 percent.
The Texas Department of Insurance and Banking certifies Aetna Life Insurance Company of Hartford complies with state laws and grants a 1913 authority. The Port of San Antonio announces a public auction on May 2 1912 at 10 am for seized merchandise including jewelry under U S revenue laws.
Heavy selling of United States Steel common drives a weak start to the day on New York exchanges. Union Pacific declines pace but recovers late. Lehigh Valley Reading slip, anthracite stocks help steadiness. Overall list shows losses with dull trading and renewed afternoon support.
Prime mercantile paper remains at 4 4% with 4.84.25 for 60 days and 4.86.75 for demand sterling. Commercial bills at 483%. Mexican dollars at 48%. Government bonds steady, railroad bonds easy.
ST. LOUIS May 1 lead steady at 410 4.12 percent and spelter quiet at 70 6.30 cents after Bar silver 61 percent in New York reported by the Associated Press.
In New York on May 1 the directors of 1 American Tobacco company vote to pay a 2 percent quarterly dividend on common stock starting June 1 marking the first dividend since the company reorganization.
Cotton prices fell in New York and other markets as lower cables and light showers expectations weighed on trading. By noon prices softened further with active months showing steep declines, followed by minor rallies on covering before a generally quiet afternoon session.
Cotton futures in New Orleans opened barely steady with declines of 11 to 13 points amid poor cables and a favorable weather map. Heavy selling by both accounts pushed prices 19 to 20 points below yesterday's close in the first half hour, with a weak undertone and rumors of large operators selling short to suppress prices. By noon, the market steadied but remained down about 28 to 81 points from the previous close as profit taking shorts supported the market.
May contracts at 11.62 cents bid with 11.70 11.71 for July. August 11.56 11.65, September 11.49 11.61, October 11.46 11.47, December 11.45 11.46, January 11.47 11.47, March 11.62 12.64 cents.
Closing cotton in Liverpool shows steady prices across grades with American middling fair at 7.084 and ordinary 6.35d. Daily sales reach 10,000 bales with 8600 American and receipts total 26,000 including 19,500 American.
The Associated Press reports futures opened and closed steady in Liverpool on May 1. The May through March–April contracts showed steady quotes, with ranges from 6.08 to 6.17 percent across successive months and no notable market shifts.
Cottonseed products in Memphis list prime basis oil at 6.13 cents per pound meal at 28 dollars per ton and linters at 2 percent 4 cents.
Spot prices range from 6.76 to 7.30 with May at 7.15 to 7.18 and August leading sales. Reports show 32,400 total sales with multiple lots traded during third and fourth calls including 1,500 August at 7.30 and 1,300 July at 7.22.
Houston May 1 spot cotton closed steady at middling 111-16 with no sales reported.
In Galveston on May 1 the spot cotton market eased by a fraction with middling at 11 1 2 cents per pound. Total sales reached 800 bales as traders watched the market's cautious tone.
Memphis report shows spot cotton steady with no change. Middling price listed at 11 3/4 cents per pound.
Cotton spot in New York closed quiet and 30 points lower on May 1 with middling up lands at 11.40 and middling gulf at 11.66. Sales delivered on contract totaling 22,100 bales.
New York on May 1 reports money on call steady at 23 4 percent 3 percent ruling rate 2 percent closing bid offered at 2 percent time loans steady 60 days 3 percent 90 days 34 3 percent six months 344 3 percent.
In St. Louis on May 1 the wool market showed steady tones with medium combing and clothing grades at 20% 210, light fine 15 to 19 cents, heavy fine 12 to 13 1/2 cents, and tub washed at 27 to 30 cents per pound.
Lead firm but quiet, price announced at 16 pounds 10 shillings as Spelter shows 26 pounds 158 shillings. Tin remains firm with spot at 210 pounds 10 shillings and futures at 208 pounds.
At Union Stock Yards May L trading was dull as 16 calves 13 hogs and 31 cattle failed to excite buyers. Cows topped at 4.50 calves at 5.50 hogs 7.75, with most cows selling 3.50 to 4.00. Afternoon trading paused for a holiday.
The El Paso report notes about 44 000 head of Terrazas cattle start this week from Sauz Chihuahua toward El Paso and then direct to U S markets under Hunt agents. It marks the largest Mexican cattle shipment since the revolution, with 1 000 head due in El Paso today and more later.
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