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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 29, 1912
Page
11
San Antonio merchants anticipate solid summer business as the city’s wholesale zone reports a larger trade territory expansion over the past year. Produce markets show prices fluctuating with potato and tomato rates, while shipments to Mexico rise amid unsettled conditions there.
Butter and eggs steady and firm in price, dairy products including cheese show weakness with several varieties quoted lower. Receipts totaled 22 173 cases with mixed quality. Livestock markets steady with turkeys and veal showing modest gains and potatoes firm on old and new crop prices.
New York May 29 raw sugar prices held steady with Muscovado 89 test at 3.48 cents, centrifugal 96 test at 3.98, molasses sugar 89 test 3.28 cents. Refined goods and petroleum remained steady. hides eased with Central America 24 percent quoted at 25 cents.
Quotations list dairy and creamery prices in Kansas City with entries for butter creamery 24 cents, firsts 21 cents, seconds 20 cents, packing stock 19 1/2 cents, ness extras 19 cents, firsts 17 cents, seconds 12 cents. The fragment shows early market pricing details from Associated Press dispatches.
In New York on May 4, coffee futures were subdued with No. 7 Rio at 14 percent, July contract at 13.84 and September noted but unclear. Traders monitored demand and supply shifts as the market paused after recent volatility.
Lead firm at 4.12 percent and 15 points, Spelter strong at 6.75 and 86 cents per pound, reflecting market activity in St. Louis metal markets.
In St Louis on May 29 prices show poultry steady with small declines in butter and eggs. Chickens at 35c, springs 35c, turkeys 12c, ducks 26c, geese steady. Creamery butter at 26c and eggs down slightly by 1léc.
Cottonseed oil closes weak with scattered spot sales. Prices range from 6.50s to 7.13 for near to distant months as total sales reach 13,200 units. Buyers and sellers reported bids and trades across multiple contracts with volumes noted in lines of the report.
New Orleans on May 29 reports prime refined cotton seed in barrels at 15 cents per pound, choice meal with 8 percent ammonia at 29.00 per long ton, and choice cake with 8 percent ammonia at 27.50 per long ton.
The report notes tonight and Thursday to be fair and warmer, with past 24 hours recording trace precipitation and .08 inch for the day. Cumulative since January 1 shows 10.52 inches of rain and .39 inch deficit. Observations from 8 a.m. indicate wind, temperature, and pressure patterns with forecast through Thursday evening.
New York stocks opened with Canadian Pacific leading at 266 1/2 to 267 1/2 as May trading showed weakness in Chicago and Alton, Kansas City Southern and Rock Island. Gains faded before noon, readings slid below yesterday, midday pause sparked a half point rally, and short covering pushed prices higher at the close.
New York reports indicate close prime mercantile paper at 44 percent with sterling exchange steady. Actual business in bankers' bills runs 4.84.60 for 60 days and 4.87.20 for demand, commercial bills at 4.83 percent. Mexican dollars quoted at 48, bar silver at 61, government bonds easy and railroad bonds heavy.
Cotton opened steady with slight advances then fell as weather reports stirred bearish activity. By noon the market eased 2 to 3 points from the early rise while New Orleans and other hubs showed modest buying and spot prices held around middling uplands.
New York cotton futures opened steady with varied bids across the May to December contracts. Prices showed minor movements through the session, ending steady as trading neared settlement with no major leaps in any month.
Cotton futures in New Orleans opening rose 2 to 3 points on good cables with rain across the belt seen as aiding germination. Prices climbed 6 to 9 points above yesterday’s close before profit taking trimmed gains. Trading limited by upcoming market holidays in New York Liverpool and New Orleans.
In Fort Worth on May 29 cattle prices drifted lower with slow movement across beef steers cows and heifers. Calf market stayed steady amid limited activity while hogs rose from a small start to a stronger close. Sheep and wethers remained steady with strong demand for certain shorn sheep as total receipts neared 5635 head.
Sales activity was light with pens well supplied and buyers sparing. Cows topped at 4 dollars with bulk 5.50 to 4. calves around 4.50. Hogs quickly sold, 7 to 7.50 per hundredweight. No sheep or goats offered.
ST LOUIS May 29 Receipts and quotations today show cattle 2800 with 500 Texans and steady market Native beef steers 6.00 to 9.25, Texas Oklahoma steers 5.25 to 6.75, cows and heifers 3.50 to 6.25, calves 5.25 to 7.60. Hogs 8000 with steady market pigs and lights 5.00 to 7.50, good heavy 7.50. Sheep 3000 with steady market native mulls 5.00 to 6.25, lambs 3 to 6.00 or 10.00.
May 29 Chicago market receipts include cattle estimated 20 000 with prices ranging from 2 85 to 9 00 for cows and calves. Hogs receipts about 30 000 with mixed and heavy lots listed from 6 95 to 7 67 with bulk sales around 7 40 to 7 60. Sheep receipts about 18 000 with natives around 3 65 to 6 40 and yearlings and western lambs priced accordingly.
Free selling today overcame late Kansas and Nebraska rain concerns and pushed wheat lower in Chicago trading. July opened around 1.11 to 1.12 and finished about 1.10 with a weak close. corn showed initial firmness before backing off. oats and provisions also softened amid light yard support.
Associated Press reports Chicago cash grain prices for wheat corn and oats with ranges by grade. No. 2 red and hard wheats at about 1.18 dollars. northern wheats around 1.18 to 1.21. spring wheats about 1.12 to 1.18. velvet chaff and durum near 1.10. Corn values seen 79 to 81 2 percent. oats listed at about 64 to 55 percent for white and standard grades.
Cotton futures closed steady, unchanged to two points lower from yesterday. Prices listed for May July August September October December January and March with bids noted on several months.
Closing in Liverpool on May 29 shows a fair demand for spot cotton with a five point rise. American middling fair reaches 6.99, with other grades listed. total sales 8,000 bales, including 7,900 American, receipts 33,000 including 28,000 American.
Futures in Liverpool opened and closed steady across May through May June and June July with rates around 6.15 to 6.18 percent for various month pairings including May May-June June-July and July-Aug September-October and beyond.
The Associated Press reports at New Orleans May 29 spot cotton trading dull and unchanged with 19 arrivals and 2,145 receipts. Prices range from 8c to 13 16c for various grades, with middling and good middling near 11 1 16c to 12 1 6c. Stock totals reach 57,213 with receipts of 2,145.
Cotton Region Bulletin reports fair weather and near normal temperatures with rainfall of an inch or more at Beeville Nacogdoches Amite La Greenville Greenwood Hazlehurst Port Gibson Jackson Kosciusko Yazoo City Covington Dyersburg Nashville Chattanooga Rome Toccoa. Allen Buell official in charge.
Wool markets in St. Louis show steady tone with medium combing and clothing at 20 1/2 to 19 1/2 cents per pound. light fine 15 to 19 cents. heavy fine 12 to 16 cents. tub washed 27 to 20 cents.
Receipts total 6000 cattle including 1500 southerns with steady to ten cents lower values. Native steers 6.50 to 9.30, southern steers 5.00 to 8.50, southern cows and heifers 3.60 to 0.0. Hogs receipts 10,000 and prices 5 to 10 cents lower. Heavy 7.45 to 7.55, lights 7.15 to 7.40, pigs 5.25 to 6.50. Sheep receipts 6000 up 15 to 25 cents. Spring lambs 10, muttons 4.00 to 6.00, Texas goats 3.00 to 3.75.
The Associated Press reports futures for grains with prices in May on No 2 hard at 82e and No 2 white corn at 53c. Oats No 2 white at 50c. Wheat July at 1.09 and September 1.06. Corn July 73c and September 72c.
Galveston Texas May 29 spot cotton closes quiet and unchanged across grades from low ordinary to middling fair with prices ranging from 7½ to 12½ cents. Sales 18 bales. receipts 1,272. stock 101,579.
Money on call remains steady with a ruling rate of 2 percent. Time loans show minimal change with 90 day at 1 percent and 6 months at 3.4 percent. Closing figures indicate slight shifts in market rates.
New Orleans reports rough Honduras and Japan rice trading nominally. Clean grades showed strong demand with improved inquiry. Quotations list Clean Honduras 4% 5% and Japan 4 Ke. Receipts totaled 372. Sales reached 710 at 41 5 cents.
The Associated Press reports New York markets were more active with retailers buying wash goods white goods and domestics. In men's wear staple serges for spring 1913 are being sold while yarns hold steady and quiet.
Spot cotton closed steady with prices ranging from 6 11 to 11 168 cents for various grades. The Associated Press notes 131 bales sold on full delivery, with shipments at 495 and total stock at 47,675.
Spot cotton in New York on May 29 shows quiet trading with prices unchanged from prior levels. Middling uplands 11.50 cents per pound and middling gulf 11.75 cents. no sales reported.
Fragmentary notes describe a scene involving Bales and Bock dated yesterday with references to ATG 111 and an event on the same day last week, including unreadable visessates 614.
May 29 report shows receipts of wheat 12 090 bushels corn 26 000 oats 6 000. Shipments include wheat 54 000 corn 84 000 oats 1 000. Close-Wheat quoted July 1.08 percent Sept 1.00. Corn July 74 percent Sept 69 percent Dec. Oats July 48 percent Sept 41 percent.
In Memphis on May 29 spot cotton remained steady with middling grade at 120 as the market closed.
Liverpool reports weekly cotton figures with total imports of 60 000 bales including 51 000 American. total stock 1 266 000 bales of all kinds and 1 155 000 bales American. American forwarded 44 000 bales and total exports reach 18 200 bales.
This week shows exports to Great Britain at 17 906 units, to France at 7 274 units, and to the Continent at 13 730 units, reflecting regional demand patterns and trade flows.
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