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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 04, 1912
Page
7
The article notes improved sentiment among country merchants and wholesalers as spring crops move to market. Farmers prosper, cotton climbs to high ground, and demand for agricultural implements and farm supplies grows. Cheese supply tightness persists while San Antonio markets lack popular brands.
AP reports May 4 Chicago quotations for butter creamery milk eggs cheese and potatoes. Butter weak and dairy products mixed with receipts 27,934 cases. Eggs steady, firsts 16 to 18 cents. Cheese steady with several varieties priced. Potatoes firm with choice to fancy at 95 cents to 1.06 dollars per bushel. Poultry steady with chickens 13 cents and heavy weights 60 pounds seven cents.
Kansas City May 4 quotations show butter creamery 30 cents firsts 28 cents seconds 26 cents packing stock 20 3 4 cents eggs extras 18 cents firsts 16 cents.
In the Houston district for hours ending 8 a.m. meridian, temperatures near normal with unsettled weather. Rainfall of an inch or more reported in Amite Clin t and Melville in New Orleans district. Aberdeen Macon and Mobile in Mobile district. Hazlehurst in Vicksburg. Athens Augusta district. Monticello Atlanta district. Ardmore Durant Mason in Oklahoma district. Local forecaster Allen Buell notes no temperature anomaly.
Weather bulletin notes 8 a m observations with air pressure at sea level. Describes isobars, temperature points, and precipitation indicating clear to cloudy conditions. Wind arrows indicate direction and speed with a focus on past 24 hour rainfall.
Oklahoma crop reports tended to lift wheat with July inching to about $1.11 while corn rallied on buying. Oats followed corn and provisions stayed strong with pork, laid and ribs trading higher. Prices fluctuated amid Kansas dust and cracked fields.
Quotations list Chicago market prices for Wheat and Corn with figures for No 2 red No 2 hard No 1 northern No 2 northern No 2 spring velvet chaff durum and various corn grades including No 2 white No 2 yellow and standard prices.
On May 4 in St Louis quotations show Cash wheat at No 2 red 1.19 to 1.20 and No 2 hard 1.15 to 1.17. Corn ranges No 2 82 cents and No 2 white 84 to 88 cents. Oats No 2 at 56 to 57 cents, No 2 white 58 cents. May futures wheat 1.16, July 1.13 3, September 1.084. May corn 82 cents, July 78 3, September 75 3. Oats May 57 3, July 62 3.
May 4 Union Stock Yards reports a quiet week with only a handful of receipts and few buyers. Cows top at 5.26, calves 6, hogs around 8, with some grades down a dime to 26 cents from last week but expectations point to steady, higher prices next week.
In Fort Worth on May 4 cattle and calves totaled about 600 head with 375 offered including 250 hogs carried over from Friday. Beef steers brought $6.75 while Mexican cattle averaged $3.70. Hogs held at $2.92 per cwt top, sheep limited to one deck at $7.50, with overall market steady as Friday bids led to a week of generally lower hog values and cautious seller activity.
Receipts and quotations for cattle hogs and sheep listed with market conditions. Cattle volumes about 200 with steady to slow gains, hogs around 6000 steady to five cents higher, sheep about 1000 with steady market. prices by class include Reeves Texas steers western cattle calves hog categories and sheep types with ranges.
Cattle receipts 400 with southern cattle steady market. Southern steers 5.50 to 8.30, southern cows and heifers 4.25 to 6.25, stockers 5.00 to 7.10, bulls 4.75 to 6.75, calves 5.00 to 8.00, western steers 6 to 8.40, western cows 4.50 to 6.60. Hog receipts 1000, market strong to 5 cents higher. bulk 7.50 to 7.70, heavy 7.70 to 7.75, packers 7.56 to 7.70, lights 7.40 to 7.50, pigs 5.75 to 6.75. Sheep receipts 200. muttons 5.50 to 7.60, lambs 8.00, wethers and yearlings 6.00 to 8.00, fed ewes 4.00 to 7.00, Texas goats 3.50 to 4.76.
Cash wheat No 3 red quoted at 1.14 to 1.16 dollars per bushel. Corn No 2 mixed and No 2 white ranges around 58 to 64 cents. September wheat and corn futures listed with varying cents per bushel and months noted.
New York May 4 Coffee futures closed barely steady with No 7 Rio at 13 39 May and 13 50 July.
In St. Louis on May 4, receipts and prices for cattle hogs and sheep are listed. Native beef steers bring 5.50 to 9.00 per hundredweight, hogs at 5.25 to 7.80, native muttons 5.75 to 7.25, lambs 7.25 to 10.26, with market activity described as strong or steady.
Raw sugar remains steady with Muscovado at 3.55 and centrifugal 4.05 cents per pound. refined sugar quiet with granulated 5.20 cents and powdered 5.30. Petroleum steady with refined barrels at 8.60 dollars. New Orleans open kettle noted.
Cottonseed products in New York on May 4 show oil prices holding steady across contracts. Spot bids ranged 7.39 to 7.50 cents, with various months trading between 7.34 and 7.87 cents during the session.
New York May 4 Opening prices showed uneven results with gains and losses fairly balanced though the down side was larger. United States Steel opened at 68% and 68% vs 69% previously. several rails and copper issues declined. Readings trended Bearish early, slight recoveries late, market closing steady with some net gains. Union Pacific Canadian Pacific and Rock Valley among the strongest names.
Associated Press reports steady sterling exchange in New York on May 4 with bankers’ bills at 4.84 25 for 60 days and 4.86 90 for demand. Commercial bills 4.83. Mexican dollars quoted at 48 per cent. Bar silver at 60. Government and railroad bonds listed as easy.
The New York statement of clearing house banks for the week shows reserve holdings at 16.549 million dollars above legal requirements, down 3.154 million from last week in the proportionate cash reserve.
Cotton opened firm with an 8 to 19 point advance on higher cables and flood concerns. Early gains faded as sellers appeared but the market steadied with a 12 to 13 point rise mid-morning. By midday, New York closed about 15 to 22 points higher amid moderate activity and an overall firmer tone.
Cotton futures in New Orleans opened 8 to 12 points higher as the weather map showed cloudy rain and forecasts of more rain across the belt. Interior reports warned rain would delay farm work and hurt the crop, with Alabama notes calling recent rains a calamity and shorts covering as prices rose to 20 to 25 points over yesterday's quotes.
Close cotton dull in Liver pool May 4 with American middling fair at 9.8 cents per pound and varying grades. Sales reached 6000 bales, including 4300 American, of which 500 were for speculation and export. Receipts totaled 11,000 bales, including 4100 American bales.
Associated Press reports in Liverpool on May 4 that cotton futures opened and closed steady with values shown for May through March April contracts. Notable quotes include May-June 6.16 percent and other nearby spreads around 6.1 to 6.18 percent.
Spec cotton firm with sales on the spot and to arrive. Prices range from low ordinary at 8 1 2 to good middling around 12 1 2 cents. Receipts total 1881 and stock at 81 353.
Spot cotton in New York on May 4 closed quiet with a 20 point gain. Middling uplands priced at 11.50 and middling gulf at 11.75, with no sales reported.
Galveston Texas May 4 Spot cotton closed steady with bids unchanged. Prices ranged from 7 9/16 cents for low ordinary to 18 1/2 cents for good middling. Sales 1678 bales, receipts 200, stock 194,034 bales.
Spot cotton ends steady with prices varying by grade from low ordinary to good middling. No sales, shipments total 2124, stock standing at 59,173 bales.
By the Associated Press Memphis Tennessee May 4 spot cotton is steady and unchanged with middling at 11 percent.
The Associated Press reports New York on May 4 notes money on call nominal. Time loans are steady. terms at 60 days, 90 days, and six months show slight variations with rates around 3 percent.
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