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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 25, 1912
Page
13
Optimistic crop reports persist as bears dominate sugar prices in New York and local traders note scarce sugar in San Antonio. Local quotes hold at 5.70 per hundred pounds amid expectations of price climbs next week due to hot weather demand and limited raw sugar exports from Louisiana.
Associated Press reports mixed commodity quotes in Chicago on May 25. Creameries and dairy items show varying prices with steady to easy tones. potatoes rise on arrivals. poultry and veal hold steady with modest gains in regional prices across Wisconsin Michigan and Minnesota markets.
Kansas City prices show butter 26 cents for creamery, firsts 24, seconds 22, packing stock 19.5, extras 19, firsts 17, seconds 12. New York dog market listed as steady and unchanged.
New York May 25 sugar firm Muscovado 89 test 3.42 refined steady crushed 5.90 fine granulated 6.20 powdered 4.30 petroleum steady refined barrels 8.60
In New York on May 25 buyers and sellers kept coffee futures steady with No. 7 Rio at 14 percent. July futures closed at 13.36 and September at 13.65, indicating a balanced session.
A well dressed man calling himself Leon R. Haycroft from Centreville Maryland offered a nickel sized skin graft in exchange for money for a meal and bed. The physician surgically removed a small piece of skin then reattached it and paid a dollar, noting the man endured pain but likely won’t repeat the scam.
San Antonio May 25 Temperatures rainfall and weather status for Houston district stations reported for the 24 hours ending 8 a m local 75th meridian time.
The report notes fair conditions for San Antonio and vicinity tonight and Sunday. Yesterday’s precipitation was none with a nominal 0.08 inch for the day and 0.08 inch deficit. Since January 1 total is 10.52 inches with a 0.09 inch deficiency. Observations taken at 8 a.m. describe air pressure at sea level and winds, with symbols indicating clear to partially cloudy skies and wind information.
The May 25 opening shows slight advances for People's Gas and Seaboard Air Line preferred, while overall activity remains extremely dull. People's Gas further rises 3% points on dividend news, and the market closes steady with little change in the final hour.
Buyers found a blank receipt list and empty pens at the San Antonio Stock Yards on May 26, leaving a quiet market. Analysts expect a heavy fat grass cattle run next week with possible price recessions, while shippers suggest they can hold cattle if supplies rise. Market letters urge restraint but note the market can handle moderate, well fleshed stock.
Fort Worth Texas May 25 cattle market was steady and quiet with about eight cars of mixed stocker cattle selling to various buyers. Steers 4.75 to 6.26, cows 3.25 to 4.50, call sales 3.75 to 6.50. Hogs 7.30 to 7.80 top, two decks, sheep receipts 800 with mixed and shorn lambs around 5 to 6 dollars with a steady market.
Western Kansas drought pressures wheat as markets dip then rise with July contracts up to 1.10 plus. Corn retreats on price breaks while oats gain on light offers. Provisions slip with pork around 18.36 and ribs near 10.27 as Oklahoma and Texas moisture reports influence values.
Receipts on cattle total 1000 with no Texans and prices for native beef steers 5.00 to 9.25, cows and heifers 3.50 to 7.60, stockers 5.25 to 7.76, calves 5.25 to 6.50. Hog totals 2500 with prices for pigs and lights 5.25 to 7.00, mixed and butchers 7.60 to 7.85, good heavy 7.56 to 7.70. No sheep reported.
Market report shows cattle receipts about 100 head with steady trend and mixed price ranges for cattle, hog receipts around 11 000 with slow to lower trade, and sheep about 1 000 with steady tone. Prices listed for various classes including Texas and western cattle, hogs in several weight groups, and native and western sheep and lambs.
New York on May 26 reports prime mercantile paper at 4 percent. Sterling exchange steady with bankers' bills at 4.84.60 for 0 day bills and 4.87.10 for demand or silver 61?%. Government and railroad bonds hold steady amid light business in bankers' bills.
New York on May 25 reports money on call nominal and time loans steady at 3 percent for 90 days and 34 percent for months.
New York reports brighter activity in trade and jobbing houses with stronger demand for wash fabrics. Local wool markets remain firm while yarns stay quiet and barely steady. May 25 notes indicate a modest improvement in retail conditions.
Receipts and bids reported in Kansas City show cattle at steady market with native and western categories ranging from 4.25 to 9.25 per hundredweight, hogs steady to slightly lower with heavy and packer classes between 7.50 and 7.72, and sheep listings scarce with lambs and range wethers noted. Texas goats offered around 3.00 to 3.76 per hundredweight.
Cash wheat prices for No 2 hard 1.10 to 1.15 dollars per bushel and No 2 red 1.16 to 1.17. Corn No 2 mixed 82 to 83 cents and No 2 white 86 cents. Oats No 2 white 44 to 45 cents and No 2 mixed 51 to 52 cents. Nye July wheat 1.02 to 1.03 with September 99 to 99 1/2 cents. Corn July 75 to 76 cents and September around 70 cents. Oats July 48 to 41 1/2 cents, September 41 to 44 cents.
The Chicago grain market shows No 2 red and hard wheat around 1.15 per bushel, No 1 northern near 1.21, No 2 spring about 1.18, velvet chaff 1.15, drum 0.02. Corn No 2 8 cents, No 2 white 88 cents, No 2 oats white 55 to 56 percent moisture.
Report from New York on May 25 notes hides steady with Bo gota firming leather prices. Hemlocks and leather categories show firsts at 25 to 27, seconds 24 to 26, thirds 21 to 22, rejects 15. Market activity reflects steady demand across Central America and related leather goods.
By the Associated Press in Boston on May 25 closing: Arizona Commercial 56 percent, nee and Arizona 72 cents, Greene-Cananea 914, North Butte 28 percent gains and losses summarized.
New York on May 25 reports that banks hold a total reserve of 23,802,650 dollars excess of legal requirements, an increase of 5,836,250 dollars from the prior week in the weekly costing statement of house banks.
Jimmy Dowd a 15 year old messenger for Dow Jones & Co picks up a bundle of certificates in exchange place. It holds 5000 shares of Loose Wiles Biscuit first preferred stock valued at $510000 and priced 102. The stock is in the name of William Salomon & Co and is not negotiable. The cashier praises Jimmy and awards him a quaver while he muses about buying an auto or a steam yacht.
In Hungary suffragists gain traction as Countess Szechenyi contemplates joining the movement. Prestigious law academies endorse woman suffrage and the social democratic party shifts to support. A witty quip defines an optimist as a woman who believes everything is for the best.
The New York cotton market opened barely steady with a decline of 8 to 6 points and moved 5 to 9 points from the session lows as short covering tempered liquidation. Prices closed about 8 points lower with a weak market tone and necessities of demand from shorts.
Cotton futures in New Orleans opened steady with a 6 to 7 point initial decline on favorable weather maps and improving crop reports. Messages from Mississippi Texas and Oklahoma described rapid seed planting as waters recede and a generally bright crop outlook. By midmorning prices were 9 to 10 points below the prior close before a brief cover rally and a quiet late session with a net 2 to 4 point decline.
Cotton futures traded mixed in New Orleans with May, July and October quotes around 11.40 to 11.70. Prices ended quietly lower by about two to four points, reflecting modest activity as traders weighed near term demand and supply factors.
In Memphis Benn May 25 prime basis oil 6.30 meal 28 Unters 2 1 2 percent dc. New York May 25 cotton seed oil market closes firm spot 6.95 7.10 May 7.00 10 June 6.95 7.00 July 7.03 05 Aug 1.13 14 Sept 7.17 18 Oct 7.16 17 Nov 6.64 66 Dec 6.48 55. Sales between first and second call include 1200 May 7.08 700 Aug 7.18 600 Sept 7.16 600 Sept 7.17 200 Oct 7.15 100 Nov 6.68 total 9900.
The Associated Press from New Orleans notes current market figures for cotton seed oil with prime refined oil priced at 7.16 per pound in barrels and long ton prices for choice oil 29, cake 27.50 and 8 percent ammonia credit per long ton.
Leading spot markets report dull activity in New Orleans with little change in prices. Receipts reach 1220 bales while stock stands at 67,912. various grades show nominal to 12 3 16 cents per pound, with middling and strict middling ranges quoted.
Spot cotton in New York on May 26 ends quiet with middling uplands at 11 60 cents and middling gulf at 11 85 cents. Sales reach 165 bales.
In Memphis on May 25, spot cotton held steady at middling 12 cents. Market participants noted no change in prices, reflecting a calm trading day with stable demand for the commodity.
New York Times reports Paris experiments by Professor Lipenay to test if systematic training can raise animal intelligence across generations. The League for the Assistance of Animals plans to train higher minds, contrasting with cruel vaudeville acts, with an exhibit of smart dogs and cats in Paris in a few days.
A factory strike stirs Dahlgreen the mill owner and blue eyed cyclist Miss Harway. She foils a plot to blow the plant, warns of danger, and finds courage beside the man she loves as he reveals engagement news. The couple’s bond proves stronger than fears as two plotters are captured.
K G Dun & Co reports a widening volume of business with bank clearings and railroad earnings rising. Improved weather spurs retail and wholesale distributions while demand for iron and steel strengthens. wire goods stay fair and tin plate for Q3 delivery gains. Cotton goods show mixed signs but exports remain strong at year to date totals of 181000 bales vs 121000 a year ago.
In New Orleans yesterday no transactions were reported in rough rice. Clean cereals showed little improvement with receipts totaling 499 mills for rough and hone and 0 for clean. Sales included 1721 rough and clean prune at 4.5 percent, with Japan quotations around 4 to 5 percent.
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