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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 09, 1912
Page
13
The article notes rising lemon demand as temperatures climb signaling summer. Lemons trade around 4.25 to 4.50 per box in San Antonio with expectations of normal production and possibly higher early prices. California reports vary on crop size due to frosts, while overall demand exceeds last year.
AP report from Chicago notes Creameries and dairy products steady with butter at 26 29c and 23 2 for daisies. Eggs receipts 25 707 cases at mark with several grade distinctions. cheese prices listed for multiple brands. Potatoes receipts include 62 cars with Wisconsin at 1.20 1.25 and Michigan Minnesota at 1.25 1.28. Poultry live market steady with turkeys 12c and chicks at 1c. Veal steady at 7 12c.
Quotations listed butter and egg prices. Butter creamery 29c firsts 27c seconds 25c packing stock 20c. Eggs extras 19 1/2c firsts 17 1/2c seconds 14c.
Market bulletin notes firmer tone for fresh checks and prime grades, with 14 1/2 to 15 1/2 cents per pound for fresh gathered and 10 to 18 cents for poorer quality. The report outlines price ranges and day’s variations in the New York market.
Raw sugar listed steady with Muscovado 89-test at 3.48 cents per pound, Centrifugal 96-test 3.98, and molasses 89-test 3.23. Petroleum, molasses, hides unchanged. leather shows firmer tones.
Cotton goods were quiet and firm with yarns in moderate demand. Buyers purchased in small lots while jobbing trade remained very quiet. Retail trade was hampered by continued rains.
Temperature rainfall and weather state for the Houston district in the 24 hours ending 8 a.m. based on 75th meridian time. Minimum temperature for last twelve ties not used in computing the averages.
Weather in the belt is fair with near normal temperatures. Rainfall of an inch or more reported at Ballinger Texas, according to Allen Buell local forecaster Weather Bureau.
Chief Quartermaster's office in Chicago invites sealed proposals by May 15 1912 for furnishing coal required in the Central Division during the fiscal year starting July 1 1912. Information available on application to Col. John L. Clem.
The Texas Department of Insurance and Banking certifies that International Life Insurance Company of St Louis Missouri fully complies with Texas law as a condition to its business in the state. A certificate of authority to do business in Texas for the year ending February 28, 1913, has been issued by Charles Y. Johnson, Chief Clerk and Acting Commissioner, at Austin on April 22, 1912.
Tonight and Friday unsettled with showers in San Antonio and Far East Texas. Reports show yesterday’s precipitation none and 11 inches normal, with a .14 inch daily deficit and 10.81 inches since January 1, excess 1.28 inches. Observations taken at 8 a m with temperature and wind data indicated.
May 9 at Union Stock Yards reports steady prices amid fair volume in all livestock divisions. Receipts were moderate with 492 head in Seattle including 59 calves, hogs 9, goats 21. Best cows up to 4.60, calves to 5.25, hogs around 7 to 7.50. noon sheep activity too light for a quote.
Twenty carloads of fat Lasater steers from Falfurrias Texas are due to be sold tomorrow at Oklahoma City fat cattle market. Cattle prices eased slightly at Fort Worth while Oklahoma market holds steady with heavy grass cattle arriving later this year, signaling strong Texas influence on national meat supplies through August. Local traders report ongoing shipments to Fort Worth and Uvalde as markets adjust to seasonal demand.
Fort Worth dealers report heavy cattle receipts with mostly common quality, dull trading, and prices 10c to 15c lower for most classes. Top steers steady early, stockers and butchers down, hogs elevated slightly but still below true value. Sheep steady with light shipments. five decks direct billing reduced net market activity.
Cattle receipts near 2500 with steady values across classes. Hogs estimated at 16,000 with mixed to steady trade and varied price ranges. Sheep receipts around 8000 show market steadiness to strength across native western and yearling categories.
Wheat and corn futures climbed in Chicago as western seeding delays persisted. July wheat opened higher and rose to about 1.14 a bushel while corn futures gained, oats edged up, and pork and lard prices showed modest moves amid unsettled provisions trades.
Cattle receipts 1500 including 200 Texans steady with native beef steers 5.00 to 9.00 cows and heifers 5.25 to 8.40 stockers 3.75 to 7.00 Texas and Indian steers 6.50 to 7.75 calves in car lots 5.25 to 7.25. Hogs receipts 6500 up 100. Pigs and lights 5.25 to 7.90 mixed and butchers 7.66 to 8.00 good heavy 7.90 to 8.00. Sheep receipts 1000 strong native muttons 5.50 to 7.25 lambs 7.00 to 9.25.
In New York May 9 cotton opened steady then fell 5 to 7 points, with New Orleans up 13 to 15 and Liverpool down 1% to 3. Spot markets rose in New York and New Orleans, while Houston and Galveston held steady. Dealers cited better southern weather and large buyers backing a modest morning rise before midday profit taking trimmed gains.
Cotton prices show a steady to barely steady start in New York trading. Early quotations list futures for January through December with gains and declines across contracts, while the board records various highs and lows amid a mixed demand outlook.
Cotton futures in New Orleans opened steady to down four points as a good weather map and weak cables weighed on prices. Active months fell early but buying interest supported the market. rumors of strong bull tendencies circulated as unsettled weather and showers loomed. By late morning prices stood 6 to 8 points above yesterday's close with steady demand from shorts and longs alike. Reports from the eastern belt indicated widespread planting with land preparation lacking and seed rot risk increasing replanting needs. Bulls whispered possible acreage reduction. At peak, prices rose 13 to 15 points over yesterday's close, then traded 9 to 11 points higher at noon.
Cotton opened with steady to higher bids in New Orleans on May 9. May at 11.60, July 11.84, August 11.72 74, September 11.71 73, October 11.66, December 11.68, January 11.70x71, March 11.76x78. Close was steady with a 13 to 15 point net advance.
Closing cotton market shows 1 point rise in spot values. American middling fair noted at 7.11, good mids 6.78, middling 6.59, low middling 6.1, good ordinary 5.77, ordinary 6.41. Day’s sales 12,000 bales with 1,000 for speculation and export, 11,200 American included. Receipts 11,000 bales including 10,000 American.
Liverpool report shows futures opening steady and closing firm with rates across periods. May contracts run around 6.28 to 6.31 percent across May to August, while late year instruments trend around 6.26 to 6.28 percent with scattered terms.
The Oklahoma City cattle market on May 9 was steady with receipts of 1100 head. A good class of cattle was offered and scarcity of South Texas grazers boosted demand. Steers sold from 86.25 to 8.45, cows and heifers 5.75 to 6, bulls 6, and calves 6.75 to 7.
Cattle receipts 2500 with native and southern steers and cows listed. Hogs receipts 5000 with prices from 7.46 to 7.90 per cwt and packers bids. Sheep receipts 10,000 with muttons priced 4.25 to 7.50. Market overall weak for sheep.
May quotations show bid ranges for wheat and oats across classes. No. 2 red wheat around 1118 to 119 cents, No. 2 hard near 1118 to 119 cents, No. 1 northern 120 to 128 cents, spring 118 to 119, velvet chaff 110 to 117, durum 100 to 118 cents. Oats No. 2 white 69 to 94 cents, standard 58 to 50 cents.
Associated Press notes leading spot markets in New Orleans on May 9 show steady to higher quotations for middling cotton at 11 15-16 cents. Spot sales near 850 bales with 400 bales arriving. low ordinary at 8 1/2 cents. good ordinary around 10 1/2. strict low middling at 11 1/16. strict middling at 12 cents.
Quotation table shows cash wheat values for hard and red categories with nominal cents per bushel. Corn prices for No 2 mixed and No 4 white, dates and futures for wheat and corn detailed with May July September contracts and near months.
William Johnson of Uvalde is in the city for unknown reasons, with no further details provided about his visit or purpose.
In St Louis on May 9 the wool market stayed steady with medium grades trading around 2014 322 per unit, light fine at 15.19, and heavy fine at 12 15. The report notes tombing and clothing quantities while tub wash details appear in the current quotation.
New York markets report No. 7 Rio coffee futures closing steady on May 9. July futures sit at 12.51 cents and September at 13.66 cents, reflecting a stable session.
A Hannich Jr at 210 Elm Street advertises repainting services for autos and carriages with fresh finishes and quality workmanship. New 1014 listing highlights craft for modern and antique vehicles.
Houston reports a steady cotton market with no sales. Stock sits at 57 219 bales across grades including good ordinary 97 to 16 cents and middling 127 to 16 cents, with low ordinary 77 to 16 cents and low middling 1016 to 16 cents.
St Louis price list shows cash wheat with No 3 red at 1.25 1 1/2 and No 2 hard at 1.17 1 1/9. Corn No 2 at 82 82 1/2 cents and No 2 white at 84 cents. Oats No 5 56 56 1/2 cents and No 2 white at 58 cents. May futures: Wheat 116 1/2 to 118 1/2. Corn 108 1/2. Oats 57 to 54 1/2. May soybeans not listed.
The Bank of England cut its discount rate from a higher level to 2 percent as gold arrivals and returning cash strengthen reserves. Discount houses followed with lower market rates, signaling easing monetary conditions despite potential pressure to reach 3 percent.
Galveston Texas May 9 8per cotton Closed steady unchanged Low ordinary 71 8 16c Ordinary 81 8 14c good ordinary 9c low middling 11c middling 12c good middling 12 1 2 c middling fair 12 1 2c gains 15 20 f b 428 Receipts 1771 Stock 174 651
Associated Press reports cotton futures closed steady to 10 points higher in New York trading on May 9 with middling grade prices at 11.90 for middling Pensé and 12.15 for middling Gulf amid sales activity.
Memphis Cotton Market Roundup notes spot trading steady at middling 11 and a half cents, with price unchanged from prior session. Markets show quiet activity as analysts monitor demand and weather.
Paris on May 9 reports three per cent rentes at 93 1 2 for the account with Lon don exchanges at 25 francs 23 centimes for checks and a private rate discount of 31 3.
New Orleans market notes firm and clean Honduras rice with strong demand and nominal offerings. Quoted rough Honduras at 34.50, clean Honduras at 41. The record shows receipts and sales details limited with no sales reported for Japan or other lots.
May 9 report from El Campo says pathfinder cars for the Farmers and Ranchmen’s good roads tour spent the night there. Bad roads hinder the trip with Galveston next. W. E. Fitch, I and G N railroad district passenger agent, will be away about six days on a regional tour.
Secretary Hester releases totals for 12,316,336 bales of cotton moved through United States ports and by river routes to manufacturers north and south of the cotton belt. Average weight per bale eased slightly from 516 31-100 to 512 64-100 pounds. state port figures are listed for Texas, Louisiana, Alabama, Georgia, South and North Carolina, Virginia and Tennessee with year over year comparisons.
Memphis reports prime oil at 6.50 dollars per 100 pounds with meal at 28.00 and linters 2 percent. New Orleans notes prime refined cotton oil in barrels at 6.76 cents per pound with 8 percent ammonia meal and cake around 29.25 and 28.26 dollars per long ton respectively.
Money on call remains steady with a ruling rate of 2% to 3% per cent. Closing bids noted at 2% while offers sit at 8% per cent. Time loans listed: 60 days 3 8% per cent 90 days 3% per cent six months 314 3% per cent.
Associated Press reports bullion totaling 248000 pounds sterling was taken into the Bank of England today and 50000 pounds sterling was withdrawn for shipment to Germany.
New York May 9 Influence from Britain’s bank rate cut spurred a stronger stock market at opening. Rea rose a full point with gains in Steel Amalgamated Copper Bethlehem Steel while St Paul and some minor issues weakened. Rail shares led by Lehigh Valley L N Northern Pacific and Missouri Pacific gained. Illinois Central weakened 2% and Tillinoia Central slid to 12 1,4. Prices softened late in the day with a 1 to 1 1/2 point pullback on major issues.
The Associated Press reports New York closing prices with prime cantile paper at 4 4% and 4.84.50 for 0 day bills while demand bills stand at 4.86.80. Mexican dollars trade near 48. Go and railroad bonds stay steady with a 60%c barre. Riebe Undertaking Co. advertises auto ambulance service at 221 BE and phone 341.
The document lists liabilities and capital items including capital stock 150000 bonds borrowed 150000 and surplus 50000 with totals around 1.795 million dollars. It designates the institution as State Depository for the Fourteenth Congressional District United States Depository.
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