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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 16, 1912
Page
11
Wholesale meat prices slip as packers reduce pork by ten points amid weaker demand from cooler weather. Condensed milk prices rise, while lard holds. Tomatoes, potatoes, and rice markets show shifts with limited future supplies and late crops in Texas and Louisiana.
AP market brief shows butter weak with creamery and daisy varieties trading 25 to 28 cents and 18 to 26 cents for different grades. Cheese firm with daisies 16 cents and Twins 15 1 2 cents. Potatoes and live poultry steady with regional price ranges. Eggs irregular in New York with fresh gathered extras at 22 cents and extras firsts storage packed at 22 cents.
New York markets report raw sugar steady on May 16 with Muscovado 89 percent test at 8.42 cents, centrifugal 96 test at 3.92 cents, and 89 test molasses sugar at 3.17 cents. Refined sugar remains steady. Hides and leather also firm.
Raws steady with Muscovado at 3.42c for 89 test and 8.92c for 96 test. Molasses sugar 89 test at 8.17c. Refined quiet. Petroleum and hides and leather steady with leather firm.
New Orleans May 16 rough Honduras rice firm with Japan nominal and Clean Honduras very strong. Quotations show Rough Honduras 3.00 to 4.60, lean Honduras 4% to 5% above, Japan 4 to 4%c. Receipts: rough 6522 millers 301 clean 1336. Sales: Cleans Japan 300 at 3% 45-16c.
Wool in St. Louis shows steady trading with medium combing and clothing grades at 20% blue, light fine 15 to 19 cents, heavy fine 12 to 16 cents, and washed ranges 27 to 38 cents per pound as traders gauge demand and quality across categories. Market activity reflects cautious bids and steady quality signals amid seasonal supply shifts.
A condensed railroad timetable lists arrivals and departures for lines including Houston coast Kerrville Cuero Victoria El Paso and Santa Fe depots. Times shown cover morning and evening, with notes on Sunday only trains and mixed trains for Kerrville routes.
Explanatory notes accompany a weather chart with observations at 8 am including air pressure at sea level, iso lines for pressure and temperature, and symbols for cloud cover and precipitation. Arrows indicate wind direction and speed, and figures show temperature and 24 hour precipitation readings.
At Union Stock Yards the market remained brisk with cows to 4.50 and bulk 3.60 to 4.00. Calves reached 5.00 with general around 4.50, hogs around 7.50 per hundredweight. Veal demand and calf strength supported selling amid liberal supply for the balance of the week.
Eighteen carloads of Lasater cattle expected in Kansas City tonight for sale Friday. Texas markets show steady to firm tone as 62 carloads on hand and 5000 head chalked for Fort Worth, with buyers awaiting results and cattlemen shaping herds. Trade reports from Fort Worth, Oklahoma, and St Louis note varied prices and large consignments, while officials assess fire impact on Kansas City yards and quarantine considerations. Local traders like L M Webb and C H Bean comment on market activity and cattle supply in the region.
Fort Worth Texas May 15 Not much activity in the cattle market Thursday with a firmer selling basis. Steers mainly common quality, best sold reluctantly while stockers moved more readily with about 5000 cattle in sight. Calves, holdovers, and through stock from two rail lines noted, top steers at 8.05, bulk 7.75 to 7.95, sheep receipts around 1900 with weak demand for common sheep but good sheep showing some strength.
Associated Press reports May 16 market receipts and price ranges for cattle hogs and sheep in Chicago. Cattle receipts about 4600 with subdued demand. hogs about 22000 with higher bids. sheep around 12000 with slow trading and mixed quotes across categories.
Cattle receipts 2000 including 500 Texas, market steady with native beef steers 5.50 to 9.00, stockers 3.76 to 7.00, Texas steers 5.50 to 7.75, calves 6,257.25 in carloads. Hogs receipts 10,000, market strong with pigs 5.25 to 7.85, mixed and butchers 7.60 to 8.00, heavy 7.85 to 8.00. Sheep receipts 1000, market strong native muttons 4.50 to 6.25, lambs 6.00 to 8.75.
Cattle receipts 8000 including 800 southern. steady to weak with native steers 7.00 to 9.00, southern steers 5.40 to 8.30, cows and heifers 4.25 to 6.50, stockers 5.00 to 7.40, bulls 4.75 to 7.00, calves 5 to 8, western stock 6.50 to 8.75. Hogs receipts 8000. market 10 cents higher, bulk 7.60 to 7.95, heavy 8? or 1.85? to 0, packers 7.70 to 7.95, light 7.50 to 7.85, pigs 5.75 to 7.00. Sheep receipts 6000. market slow with muttons 4.25 to 7.00, wethers and yearlings 4.50 to 6.00, ewes 3.50 to 4.75, Texas goats 3.00 to 3.75.
On May 16, the Oklahoma City market moved about 1000 head. Steers topped at 6.65, bulking 65.50 to 6.26, cows and heifers ranged 4.50 to 5.85, bulls 4.00 to 5.10, and calves stayed active around 7.26.
Union Stock Yard notes cattle sales with averages by weight and price. Readable items list average weights and price points for the day as buyers and sellers gauge value in the market.
Special to The Light Yoakum Texas May 16 The two story home of W P Bourke near completion was almost totally destroyed by fire last night The cause is unknown but may have resulted from spontaneous combustion The house when finished would have cost 2500 dollars
A man described as a quack faced court in St Louis after claiming in court records he had worked as a genuine doctor in Michigan. The strange testimony involved a long night ride and a note about a Wetter.
The fifteenth annual session of the Texas Methodist conference of Women's Home and Foreign Missionary societies convened in Houston on May 16. Preliminaries closed and about 500 women church workers began transacting the business in hand.
May wheat opened lower and finished mixed as a late rally faded. May wheat fell 4% and July closed at 1.08 as weather lifted corn and oats while pork lard and ribs traded in the mid to high 10s.
The Associated Press reports cash wheat and corn prices with bid and offer quotes for No 2 red, hard, northern and spring wheats, No 2 white and yellow corn, and No 2 white oats with ranges and percentages in cents per bushel. Prices show small variations across varieties.
Cash wheat quotes show hard wheat at 1.12 percent with No 2 red around 80 to 82 cents. July wheat near 1.01 and September at 98 cents. Corn futures hold May at 78 cents and July at 76 cents with September at 67 cents. Oats for May around 57 cents with July at 48 to 48. and September 42 cents.
Quotation figures show cash wheat at No 2 red 1.22 1.24 percent and No 2 hard 1.16 1.19. Corn No 2 81 40 cents, No 2 white 2 cents, oats No 2 56 cents, No 2 white 67 cents. July and September futures listed for corn and oats with prices in fractions.
New York cotton opened steady to lower on May 16 as forecasts favored clear weather and crop reports improved. Bears pressed prices a few points, but midday buying and covering steadied the market with mid- session quotes only slightly below yesterday's close. Spot middling uplands remained around 11.30 cents.
Preliminary hearing for murder against Guy D. McKenzie began at 10 in Tulsa justice court over the May death of Charles T. Retter, a prominent attorney. McKenzie is also accused of riding with Mrs. Reuter, a witness in his behalf.
Exports of apples from Tasmania are expected to total one million cases this year, a rise of about 30 percent over the 1910 export figure.
New York cotton futures opened steady with January at 11.69 and July at 11.37 bid. The session closed barely steady with most contracts trading near earlier levels and December around 11.60.
Cotton futures in New Orleans opened steady with small losses early. Cables beat expectations while rains spread across the belt and planting progressed, though some regions remained slow. Traders cited large spot selling and rumors of a delayed government bill.
The cotton market closes steady with a net decline of 6 to 8 points. Trading shows January March May July August September October and December figures around 11.6 to 12.7 with values listed for open high low and close across contracts. Market activity indicates slight downward pressure amid varied monthly quotes and futures levels.
Closing spot cotton in fair demand with prices one point lower. American middling fair 7.17, good middling 6.74, mid 6.55, low middling 6.25, ordinary 6.47. Sales 8,000 bales with 6,000 for speculation and export. receipts 1,100 bales all American.
Futures opened and closed barely steady in Liverpool on May 16 with a list of May through March contracts and their rates. The quotes show May through March spreads from 6.26% to 6.22% across various month pairs.
The Associated Press reports steady spot market levels in New Orleans with prices for various grades including low ordinary, good middling, and middling ranges. Receipts show 59,412 bales in stock with 800 to arrive.
Spot cotton in Houston on May 16 closed quiet and unchanged. No sales or shipments reported. Stocks stand at 54,307 bales with quality listings showing low ordinary at 7 percent, ordinary 8, good ordinary 9, low middling 10, middling 12, and good middling remaining in the mix.
Spot cotton closed quiet and unchanged with grades listed from low ordinary to good middling. Prices ranged from 8.13 to 12.4 cents per pound with sales of 250 bales at $50 receipts and 199 sales. Total stock 128,609 bales.
New York on May 16 reports spot cotton closing steady with a five point drop. Middling uplands priced at 11.75 cents and Do Gulf at 12 cents. Sales reached 600 bales.
Memphis market notes spot cotton holding steady at 11.75 cents per pound in midling.
S. P. Tracks in Danger. For the first time since the great floods Hymelia crevasse jeopardizes a large section of track and a break in the line could cut off direct travel between Houston and New Orleans. President Fay and others remain in contact with the developing situation.
Cotton seed oil closed weak in New York with spot at 7.20 27 and front months May to December listed from 6.62 65 to 7.38. Sales during the day included 1700 July and 1500 September trading between 7.29 and 7.32 as activity varied.
In New York on May 16, the cotton goods market is quiet with prices steady on coarser lines and worsted yarns generally firm. Cotton yarns see moderate demand while spinners keep prices steady. jobbers close a year’s trade but new orders show cautious strength.
William F Schutz transfers to J F Carter Jr trustee part of N C B 2081 Castro and North San Marcos streets for 8000 dollars Isaac Hass and wife sell to Jacob Wittels lot O Egan 2 new city block 697 Gollad street for 5500 dollars
The 24 hours ending 8 am local time show fair weather in the belt with rain in the extreme east. Temperatures are below normal. Greensboro, Augusta, Gainesville report precipitation of an inch or more. Allen Buell, Official in Charge, U S Weather Bureau, San Antonio, Texas.
New York May 16 The stock market opened with an irregular undertone and early advances limited to a few names like International Harvester rising briefly before giving back gains. Canadian Pacific and United States Steel showed weakness while copper shares硬ened. By afternoon the market weakened further with leaders down two to four points from the previous day and a late recovery only in select issues.
The Associated Press notes steady Sterling exchange with banker’s bills at 4.84 25 for 60 days and 4.86 89 for sight. Mercantile paper at 4 percent, commercial bills 4.83, Mexican dollars at 48. Movement bonds steady, railroad bonds easier. Bar silver at 61 and a half.
The Associated Press reports New York on May 16 that money on call stayed at 2 3 percent with the ruling rate at 2 4 percent. Time loans eased with 60 days at 3 percent, 90 days at 3 percent, and six months at 3 percent.
Lead holds steady around 16 pounds sterling while Spelter rises to 256 pounds. Tin trends easy with spot around 210 pounds and futures near 205 pounds. Market reports dated May 16 from London indicate mixed metal movements.
Mrs Marry Wood applies for a two story dwelling on Me Cullough avenue priced at 3500. Mrs Lala Fest seeks an eight room dwelling on Leal street for 650. John McGough does alterations on Rische street totaling 100. L C Black adds a one room addition on Morales Street for 50. Sir Edwin Ray Tankester, a scientist, asks Stockholm Olympic managers to permit marathon competitors to breathe oxygen from carried bags during the race.
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