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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 22, 1912
Page
11
Egg shippers blame rigid pure food laws for shipping any shell covered eggs at top prices. Weather has worsened quality with many lots failing inspection. inspectors demand guaranteed good eggs and losses for unsold consignments. Current prices show 5 cents per dozen loss off, retail 20 cents. butter weaker, poultry steady, cheese 22 to 23 cents.
Quotations were as fellows today with eggs steady and receipts at 19,047 cases. Creameries prices mostly down slightly with cheese weak. Poultry and live markets show weak tone, with turkeys at 12 cents and chickens firm.
Associated Press reports today prices moved lower across poultry and dairy items in St. Louis. Chickens fell 34 cents, springs 34 cents, turkeys 12 percent, ducks and geese dip modestly, butter and creamery products declined, eggs down 16 cents.
Quotations provided show butter at 26 cents on creamery, 24 cents firsts, 2 cents for seconds, and 12 cents packing stock. Eggs list extras at 1 and one half cent, firsts at 17 cents, seconds at 12 cents.
In York on May 22 egg prices were weak and unchanged with sellers noting limited demand as the market stabilizes. Local merchants report steady supply and no notable shifts in wholesale quotes today.
New York coffee futures closed steady with July and September contracts at 13.62 cents per pound. The Associated Press reports a calm session as prices held firm amid light activity and modest gains in the market.
New York reports raw sugar steady with ascovado and 96 test rates around 3.36 and 3.86 for refined products. molasses 89 test at 3.11. Petroleum holds steady while hides and leather stay firm in trading mood.
New York May 22 A2 point gain in Canadian Pacific and a decline in United States Rubber show the irregular opening on the stock market. Active issues largely fractionally lower with light dealings. Prices rose after opening but receded to near opening levels amid short selling worries and varied recovery later.
Observations show fair to cool conditions tonight through Thursday with no precipitation yesterday. Total precipitation since January 1 is 10.52 inches, excess 0.15 inches. Winds and pressure readings noted with a forecast through 7 pm Thursday.
New York money markets show steady rates with call money at 2 percent, time loans steady with 60 days at 3 percent and 6 months at 2 1/4 to 2 1/2 percent. The day closes with firms on the bid side and firm offers around 2 percent.
Wichita Falls Texas May 22 reporting firms announce an oil price rise to 70 cents per barrel. The increase matches a broader mid continental trend as buyers push up costs.
The Associated Press reports a better tone in New York markets with moderate trading. Wash goods demand improves and foulards for spring 1918 are offered by leading houses while robber reports fair house trade in summer merchandise.
May 22 at Union Stock Yards shows solid activity across divisions. Cows peak at 4.50, calves at 6.00, hogs bring 7.00 to 7.60, total receipts 500 head including 236 cattle, 58 calves and 21 hogs. calves remain the strongest section.
The mid west cattle market was active and strong on all grades except bulls. Beef values averaged a dime higher than yesterday with best steers up to 7.80. Hogs sold strong with a top near 7.87. Receipts were moderate and sheep prices rose about 15 to 25 cents for the day and week.
Cattle receipts around 17 000 with market steady to ten cents lower. Reeves to 9.30, Texas steers 6.00 to 7.80, western steers 6.25 to 7.90, stockers 4.40 to 7.00, cows and heifers 3.00 to 7.90, calves 5.25 to 9.00. Hogs receipts about 27 000 with market slow to generally steady. l 7.25 to 7.85 for most, bulk 7.60 to 7.80. Sheep receipts near 20 000 with market weak. native lambs 3.75 to 8.75, western 4.00 to 9.00.
Cattle receipts 4000 with southern and western steers and bulls trading from 4.00 to 9.25. Hogs receipts 10000 with market steady and bids from 6.50 to 7.80 for various grades. Sheep receipts 5000 with mut ton and lambs ranging 4.25 to 9.80 and range wethers 4.50 to 6.00. Texas goats 3.10 to 3.75.
Cattle receipts 3000, hogs 500, sheep 2500 reported with market steady to slightly higher. Native beef steers 6.00 to 9.25, stockers 3.25 to 7.00, Texas steer 5.20 to 7.75, calves 5.25 to 7.25. Pigs and lights 5.25 to 7.55, mixed and butchers 7.40 to 7.85, good heavy 7.76 to 7.85. Native muttons 6.00 to 7.25, lambs 6.00 to 10.00.
Sam Davison, vice president of the Texas Cattle Raisers Association, joins Fort Worth stockmen George I Reynolds, George W Turner and N Harding in town en route for a fishing excursion. They attended the Cattlemen's Exchange and spoke of catching big fish as they planned to focus on fishing rather than cattle markets.
Wheat in Nebraska rose on bullish market chatter as shipments decline and germination problems surface. July wheat opened higher in Chicago and climbed to around 1.10 dollars as corn and oats also firmed while hog receipts fell, lifting provisions.
The page lists current prices for corn, oats and wheat futures and cash bids. It shows No 2 corn mixed and white bids around 80% to 68% cents, wheat May at 1.07 1/4, July 1.02, Sept 99 1/4, oats May 47 1/4, July 41 1/4, with nearby May and future contracts and cash grades noted.
Cash wheat markets show No 1 and No 2 hard values around 1.14 to 1.20 per bushel with northern and spring grades near 1.14 to 1.20. Corn and oats quotes list No 2 white and No 2 yellow near 0.81 to 0.82 for corn and 0.54 to 0.55 for oats with standard grades similar.
The New York cotton market opened barely steady with a decline and fell early under realising pressure. By late morning prices recovered some on hopeful weather maps and rumors of a bullish report, then drifted around the opening level as short covering supported gains.
The Associated Press reports New York futures opened May 22 with fractional moves across the board. January through December prices show slight gains and offers, with notable activity in March and July contracts as markets hold near steady levels.
The Associated Press reports New Orleans cotton futures began steady with a decline of 7 to 9 points on weak cables and favorable weather maps. Early trading showed prices slipping to 1–2 points below yesterday, then firming to 1–2 points over yesterday’s close before noon as fair weather forecasts spurred selling.
Steady to firm open gave way to a small net decline as cotton futures closed with slight losses across months. Trading showed scattered bids and prices like 11.60 for January and 11.58 for March amid miscellaneous quotes including August and December maturities.
Liverpool May 22 closing shows spot cotton up four points with American middling fair at 7.07 and middling 6.45. Total sales 10,000 bales, 690 for speculation and export, including 9,000 American. Receipts 18,000 bales, 17,700 American.
Futures opened firm and closed steady with a series of rates listed for May through May next year. Notable entries include May-June 6.23, June 4 6.23, Oct.-Nov 6.20, Dec.-Jan 6.18, and Feb.-March 6.19.
Cotton markets in New Orleans show steady spot rates with middling at 11 1/2 percent and several categories quoted between 9 and 12 1/2 percent. Spot sales reach 740 bales with 1504 receipts and stock standing at 66 516.
In Houston on May 22 spot cotton finished steady with no transactions. Middling price settled around 1111-16 to the dollar, reflecting a quiet market day.
In Louis, May 22, cash wheat ranges from 1.18 to 1.20 per bushel for No. 2 hard and 1.12 on higher grades. No. 2 corn holds near 82 to 85 cents, oats around 54 to 56 cents. May wheat at 1.15 to 1.15 and July at 1.10 with other months showing similar adjustments.
The Galveston market opened steady and unchanged for middling at 11 1 2 cents. Transactions totaled 568 bales amid a quiet trading day.
On May 22 in New York spot cotton markets held steady with middling uplands at 11.60 and gulf at 11.85 cents per pound, no sales reported.
Lead firmer at 16 pounds 10 shillings per ton and Spelter firmer at 25 pounds 17 shillings 64 pence per ton as of May 22 in London markets.
The New York cotton seed oil market ends firm with spot at 7.08 20 for May and 7.11 15 for June while July 7.19 20 and August 7.28 29 dominate forward prices. September and October quotes sit around 7.20 31 and 7.28 80. Total sales reach 600 dollars.May 22.
New Orleans markets report mixed cotton and prime refined goods priced by barrels and long ton. Prices show per 7.15 for cotton on, choice meal at 8 percent ammonia and cake at 27.60 per long ton.
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