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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 11, 1912
Page
7
The market shows renewed confidence with a tendency toward high levels as Cuban crop reports dominate sugar prices. Grocery jobbers express doubt and avoid large orders, preferring small lots while a Tuesday decline is offset by New York reports.
Butter and creamery products hold steady with ranges from 16 to 29 cents. Cheese and dairy items show small moves with various brands listed. Potatoes strengthen amid receipts of 76 cars, with Wisconsin prices around 1.25 to 1.30 and Michigan Minnesota around 1.27 to 1.20. Poultry and veal mixed as live poultry firm on turkeys at 12 cents and chicks near 0, while veal remains between 7 and 12 cents.
In Kansas City on May 11 butter and cream prices were listed with firsts at 27 cents, seconds 25 cents, packing stock 20 cents, extras 19 1/2 cents, and other grades 17 1/2 to 17 1/2 cents.
New York May 11 report notes a firm, unchanged condition in the produce market with prices and supply data awaiting further trading prompts.
From New York on May 11 prices show mixed readings for refined and raw sweeteners. Muscovado and molasses sugar trade around 3.23 to 3.98 per unit with various tests and grades noted. Petroleum prices remain around 8.6 with open kettle and refined varieties referenced.
New York reports Coffee No 1 Rio 14 percent closed steady with July at 13 75 and Sept at 92. St Louis notes wool markets steady with medium grades combing clothing at 20 percent 2ic and light fine 16 19c. heavy fine 12 15c. tub washed 27 0c.
Rough rice showed firmness in New Orleans with clean grades holding, offerings nominal. Quoted rough Honduras 3.00 to 4.50, clean Honduras 4% to 5% cwt, Japan 4 to 4 3 4. Receipts and sales reported as none.
New York mercantile paper remains steady at 4.4 percent with sterling exchange at 4.84.20 for sixty days and 4.88.75 on demand. Commercial bills quoted at 4.83 percent. Mexican dollars at 48 cents. Bond market shows steady street for gilt and railroad issues.
The 24 hour period ending 8 a m reports temperature and rainfall across Houston district stations for the 75th meridian time. Data summary provides station by station readings and overall weather trend for the region.
Observations at 8 a m in the seventy fifth meridian time show air pressure at sea level. Lines indicate equal pressure and temperature across the map with symbols for precipitation, wind direction, and cloud cover. Forecast extends to 7 p m Sunday May 11 1912 with the first number the temperature and the second the rainfall in the last 24 hours.
New York May 11 Lehigh Valley stock led a strong opening with a gain of about two points and later rose to 175? as United States Steel traded heavily at 68% range. Reading lagged but closed near gains while Illinois Central recovered, other major issues showed strength and the market ended with some declines from the best levels.
Weekend cattle market shows limited receipts and no clear market despite buyers present. Cattle, calves and hogs posted top prices of 4.50, 5.50 and around 7.50, with next week expected to offer liberal consignments as grass improves. Fort Worth notes a price loss on South Texas cattle late this week.
Fort Worth Texas May 11 The cattle market showed little movement with light early receipts of eight cars including six steer loads. Hog bids held firm as fewer buyers attended with top hogs near steady. Cattle and hogs dominated the day though most classes remained unchanged amid mixed reports and late arrivals.
Cattle receipts about 200 with market steady. Beeves 6.00 to 9.00, Texas steers 5.40 to 7.40, western steers 5.75 to 7.60, stockers 4.20 to 6.60, cows 2.75 to 7.76, calves around 5 to 7.76. Hogs receipts about 8000 with market steady to strong. light 7.30 to 7.80, mixed 7.40 to 7.80, heavy 7.40 to 7.90. Pigs 5.00 to 7.00, bulk around 7.65. Sheep receipts about 3000 with market strong to ten cents up. native sheep 4.60 to 8.40, western 4.80 to 9.80, native lambs 5.90 to 7.40, western 6.26 to 9.70.
May 11 market notes show cattle receipts 200 with steady to varied prices for native and southern steers and cows, stockers and bulls. Hogs receipts 1500 with market steady to strong, bulk sales 7.50 to 7.90, high 7.80 to 7.90. Sheep receipts none and range of lambs, weth ers and yearlings listed. Texas goats priced 2.75 to 3.25.
In St Louis on May 11 receipts totaled cattle 100 with native beef steers from 5.50 to 9.00, cows and heifers 3.25 to 8.40, Texas steers 5.50 to 7.75, calves 5.25 to 7.25. Hogs numbered 6500 and ranged 5.26 to 8.00, while sheep receipts 1500 showed muttons 4.50 to 7.00 and lambs 7.00 to 4.40. Market steady across categories.
The Associated Press notes the New York clearing house banks hold 18,426,200 in excess reserves this week, down 3,123,50 from last week, reflecting a decreased proportionate cash reserve.
New Orleans notes list leather grade prices with firsts at 26 27c, seconds at 24 26c, thirds at 31 22c, and rejects at 15c. The brief market update records barging prices for May 11.
New York May 11 reports the cotton goods market remains firm with demand noted as strong. Wool prices trend higher and raw silk stays steady as jobbers increase activity due to improved weather conditions.
Chicago May 11 General rains lowered wheat as markets opened fractionally lower to percent. July wheat opened at 1.18 and drifted to about 1.13 as receipts softened. Corn opened higher at 78 and eased to 77. Oats rose to 64 then fell to 63. Provisions weak with September pork at 19.2640, ribs at 10.4647, and cash demand noted. Wheat futures closed firm with July at 1.13, corn at 77X and oats around 63.
Wheat prices at Chicago show No 2 red at 1.17 to 1.19, No 2 hard near 1.18 to 1.30, No 2 yellow around 1.15, spring wheat about 1.15. Mixed notes reflect varied bids and market activity across standard grain classes.
The fragment appears to record commodity prices and futures for grains like corn oats and wheat with May July and September maturities. It lists mixed and white varieties and percentage figures but the text is garbled, limiting precise values or complete items.
Cotton opened higher on firm cables and rains but soon broke under heavy selling and long liquidation. Prices fell 9 to 12 points in the first hour, then recovered to close steady with a net decline of 6 to 10 points amid bear pressure and market weakness.
New York cotton futures showed a steady tone with May at 11.89, July 11.49, October 11.63, and December 11.71 bid in early trading. The session closed unchanged, reflecting firm price levels across contracts and slight variations between open high and low.
Cotton futures in New Orleans opened steady with losses of 8 to 13 points by late morning. Traders cited better than expected cables and a forecasted good weekend weather but selling remained heavy as shorts covered minimally and large interests pushed to unload a line of cotton.
Cotton futures closed steady with a slight net decline of 8 to 13 points in New Orleans trading on May 11. Prices across months showed minor moves, with January and May near 11.72 and 11.84 cents respectively and July around 11.98 cents bid.
Closing: cotton spot shows unchanged prices with American middling fair at 17.15 and middling 6.53. Sales total 10 000 bales, including 500 for speculation and export, and 9 300 American bales. Receipts 6 000, of which 4 100 are American.
Dun's Trade Review reports trade activity rising versus last year with favorable current statistics. Rains slow dry goods but iron and steel output runs high with April daily rates exceeding prior highs. Railroads continue heavy buying. steel making iron and southern iron show strength while woolen mills push strong orders and labor tensions ease in the central district.
In Liverpool on May 11 futures opened easy and closed quiet and steady with distances shown for May through next April contracts. Notable quotes include May 6.31 and successive calendar spreads ranging from 6.25 to 6.38 percent, reflecting a stable trading tone.
Cotton stocks at U S ports show totals with previous day and week comparisons. The ledger notes bales figures around six hundred thousand to eight hundred thousand for different categories and highlights deficits for the season.
Primie basis of 6.50, meal 23, Tinters 2% 4c. Cotton seed futures: spot 7.00 7.20 near term. June 7.16 20, September 7.28, November 6.70. Sales between calls include June 7.19 and 7.18, with various Sept and Oct lots traded. total sales around 200.
New Orleans reports prime refined cotton oil at 6.75 per barrel and 29.25 per long ton for choice meal with 8 per cent Ali monia at 23.25 per long ton. San-A-Lac is advertised as a pleasing drink.
The fragment lists wheat and oats price quotes with several grade codes and futures months. It mentions May July and September contracts with varying cents per bushel and percentages, though many figures are garbled. The readable parts indicate market quotes for No 2 red wheat and No 2 oats with assorted futures months.
New Orleans spot cottons ease with middling at 11 15 16 cents per pound. Sales on the spot total 50 bales to arrive none. Quotations cover all grades from low ordinary to good middling with varied nominal figures. Receipts 2195 bales, stocks 64 776 bales.
Spot cotton closed steady at 1 16 down in Houston May 11 with no sales and listings for shipments and stock. Prices show ranges from very light through good middling up to middling fair, with specific values noted for each grade.
Spot cotton in Galveston closed quiet and unchanged with price markers for low ordinary ordinary good ordinary low middling middling fair and related terms. Sales receipts and stock figures are incomplete but show ongoing market activity for the day.
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