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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Nov 08, 1912
Page
12
New York reports a sharp rise in cotton prices after ginning figures to November 1 show 8,849,898 bales vs 9,970,906 last year. December opens 11 points down, then jumps about 382 points. later months trade 17 to 18 points above prior close amid short covering and new buying. The day closes steady with spot prices nominal and futures showing gains 10 to 12 points.
Cotton futures in New Orleans opened steady to 1 point higher as favorable weather and a smaller than expected October 31 ginning tally of 8,849,898 bales buoyed bulls. Buying intensified after the call, with limited short selling and large spot houses active, lifting prices to 23 to 24 points above yesterday at noon.
New Orleans spot and futures markets showed steady early activity for November and December contracts with modest gains by session close. Prices listed range from around 12.03 to 12.84 as traders priced in cautious demand amid a quiet trading day.
Cotton spot in Liverpool shows steady prices with American middling at 7.27 dollars and various grades listed. Sales totalled 10,000 bales for speculation and exports, including 9,600 American. Receipts reached 25,000 bales, with 55,000 American noted in the period.
Futures in Liverpool opened and closed steady with a ladder of price quotes across contracts. Nov at 6.92 and 4. ov. Dec 6.57%4, Jan 6.55%, Feb 6.54, Mar 6.54, Apr 6.54, May 6.54, Jun 6.64, Jul 6.58, Aug 6.52 and Sept 6.45 for calendar spreads and near term intervals.
Spot cotton in New Orleans rose 3-16 cent to 12 1-16 cents a pound for middling, with 800 bales sold on the spot and 2050 bales arriving. Trade shows varied bids from low ordinary to strict good middling, and total receipts reached 17,421 bales against 220,033 bales stocked.
Galveston reports spot cotton firm with grades ranging from low ordinary at 7 18c to good middling at 12c. Spot sales reach 844 bales with 1 0. b. at 1200. Receipts total 32,685 bales, stock 364,040 bales.
Houston cotton market closes steady with spot prices mixed across grades. Quotations show up and down shifts in various classes, including low ordinary and middling types, while futures and freight terms are noted as general market context.
Cotton spot in New York closed steady with middling uplands at 12.20 and middling gulf at 12.45 per hundredweight. Bales reported at 150.
Union Stock Yards reports a short session with light receipts and a featureless market across cattle calves hogs and sheep. Cows traded near 4 dollars while calves averaged about 4.50 with meat demand strong in the city and packing houses Swift Armour Morris & Company active.
A data table lists cotton statistics across Gulf ports including Galveston New Orleans Mobile Charleston Savannah Wilmington Norfolk Baltimore Boston Newport News Brunswick Aransas Pass and Texas City. Totals show overall figures for the period with a year over year comparison indicating a higher total than last year.
The report shows weekly cotton statistics for Liverpool with imports totals of 131,000 bales including 98,000 American imports, stock of 635,000 bales, and American stock forwarded at 106,000 bales. Exports amount to 6,000 bales. Also lists year to date and last year figures for receipts and takings.
Stock yesterday reached 1,116,942 with 1,105,018 on the same weekday last week and 1,048,442 a year ago. Excess this season tallies 68,449 units, indicating steady growth in inventory levels.
Quotations today show chickens at 12 cents, springs 12 cents, turkeys of a dollar? duck prices 12 cents, Reese ice and butter firm at 32 cents, eggs firm at 26 cents.
New York report lists raw sugar Muscovado 89 test at 3.55, centrifugal 96 test at 4.05, molasses sugar 89 test at 3.30, refined steady. Petroleum and molasses steady. Hides and leather firm.
New York markets report Coffee No 7 Rio 14 and futures barely steady as December futures trade around 13.86 and March at 14.06, reflecting a quiet trading day with limited price movement.
Hog prices led the day with a nickel to fifteen cent rise locally and a weekly gain near a quarter. Cattle were steady to firm across classes with beef steers at 6.00 to 6.70 and cows from 3.25 to 6.00. Hogs top at 8.20 with most between 7.90 and 8.15, sheep at 4.50 for wethers and 4.50 in the general market. Receipts: cattle 3500, calves 1200, hogs 700, sheep 450.
Chicago market report shows cattle receipts at 3000 with slow to steady trade and varied prices across categories. hogs receipts 15000 with higher range and bulk sales near 7.90. sheep receipts 12000 with steady trade and price ranges for natives, westerns, yearlings and lambs.
Receipts and quotations show cattle 1500 with 800 southern. native steers 6.50 to 10.50. southern steers 4.25 to 6.35. southern cows and heifers 3.25 to 5.25. Hogs 5000 up 5c. bulk 7.70 to 7.90. heavy 7.85 to 7.95. packers 7.80 to 7.95. lights 7.60 to 7.85. pigs 7.00 to 7.65. Sheep 65000, strong. muttons 3.50 to 5.25. lambs 6.00 to 7.50. range ewes 2.75 to 4.60. wethers and yearlings 4.50 to 6.26.
Receipts total 2800 cattle including 1200 Texans with native beef steers at 65.60 to 80, cows and heifers 3.26 to 5.00, calves 5.00 to 6.50. Hog receipts 5000 with prices 6.50 to 8.25 for various grades. Sheep receipts 3000 steady with natives at 4.10 to 4.25 and lambs 5.60 to 7.50.
Paris market closing figures show three percent rentes at 89 francs 45 centimes for the account. Exchange on London listed at 26 francs 23 centimes for checks. Private discount rate noted at 3 4.
In Boston on November 8 Arizona commercial 4 percent, Calumet and Arizona 79 1 4, Greene Cananea 15 16, North Butte 36 percent shown as close mining quotes in the day’s market report.
Consols for money stand at 74 percent and the do account at 745 16. Bar silver remains steady at 29 cents. Money is quoted at 2 1 2 percent and 3 percent. Short bills are 415 16 for 5 percent and three month bills at 4 15 16 percent.
Readable fragment notes a weather or survey observation recorded at 8 a m on Friday November 8 1912. The item preserves a precise timestamp and date for archival reference.
The crop reporting board of the U S Department of Agriculture released preliminary figures for 1911 showing corn production at about 3.17 billion bushels, a record high after late-year increases. Buckwheat, wheat, oats and hay also showed larger outputs with favorable yields and farm values detailed.
London on November 8 shows dull copper with spot at 76 Ibs sterling and futures at 77 Ibs sterling. Tin remains steady at 228 Ibs sterling, with lead at 18 Ibs and spelter at 27 Ibs sterling. Iron in Cleveland warrants quoted 66s 4 4d in London.
New Orleans market reports mixed rice prices with rough rice firm and clean rice strong. Honduras rough at 2.75 to 4.15 dollars, clean Honduras 2.62 to 5 percent, Japan 3 11 16 percent, Honduras rough 3.40 to 4.26, Japan 2.50 to 3.90, clean Honduras 4 5 percent, Japan 3 4 percent.
New York nov 8 prices fell widely at the opening with Canadian Pacific, Southern Pacific, L and N and Steel among the heaviest losses. A few minor gains showed, while rumors of an extra session of congress and foreign cables fed selling pressure.
Close on Prime mercantile paper 66c and exchange steady with real business in banker's bills at 4.81% for sixty days and 4.85.50 for demand. Commercial bills 4.81. Bar silver 62%c. Mexican dollars 48%c. Government bonds steady. Railroad bonds easy.
New York money markets show the ruling rate on money on call at 5.6 percent with closing bids at 5 and offers at 6 percent. Time loans remain steady with 60 day at 6 percent, 90 days at 5 percent, and six months at 5 percent.
New York market update shows copper for November at 17.00 17.27, December 17.00 17.25, January 17.02 17.25. Electrolytic copper 17.62 17.87, castings 17.26. Tin dull at 49.00 50.35, December 49.95 50.35. Lead quiet 4.70 4.80, spelter 7.35 7.45, antimony 10.50, iron firm and unchanged.
London reports reveal bullion totaling 231000 pounds sterling entered the Bank of England yesterday while 300000 pounds sterling were withdrawn for shipment to South America. The transfers reflect postwar financial activity and international trade flows involving continental and South American markets.
New York traders report cotton goods and yarns as very firm with mills fully stocked for year end demand. No cancellations for woolen goods have followed the election. Jobbers indicate a fair trade for the season.
Wool markets in St Louis on November 8 reported steady tones across grades with combing and clothing at 23.5 to 26 cents per pound New fine lines at 19 to 21 cents for light weights and 13 to 18 cents for heavy lines Tub washed wool quoted 27 to 36 cents reflecting mixed quality and processing status.
Cotton spot advanced to 11 4 cents at Memphis while St Louis metal markets held steady at 4.95 for lead and 7.45 for spelter with dull activity noted.
F G Huntress Jr. seeks a garage at 1307 Jordan Street. C W A Baity applies for a one room dwelling on Dunning Avenue. W A Baity plans an Areccones dwelling on Dunning Avenue. G Barcelona files for a four room dwelling on Avenue A. H G Blumberg obtains a machine shop on Burnett Street. Totals range from 1000 to 1600 dollars.
Galveston dispatch lists cleared steamers Asian and Miller for European ports and Bremen routes. Vessels Bowden Port Simon El Sol New York Manchester Miller Wynerie Havre Cayo Manzanillo and others sailed to Liverpool Bremen Newport News Norfolk Havre via Newport News.
No. 2915 E D Stewart at Gunter hotel. No. 2916 Knight Motor Car Co. 288 Avenue C. No. 2917 J H Hogan 1502 Matamoras. No. 2918 Sidney H Weis 113 College Street. No. 2919 J Sears 113 College Street. No. 2920 Joe Draper Blanco Road. No. 2921 Nic Jungmann MacDonna Texas.
Not applicable
Burial permits list Elena Gergenmiller two years Juana Gonzales five months W H Yoakum six years Johanna Ernst fifty nine years. Died dates November 7 November 7 November 6 November 6. Addresses include 921 San Fernando street 616 E Commerce street 402 E Evergreen street.
Wheat advanced as Balkan concerns eased with December trading around 89 cents. Corn and oats rose modestly while early gains in cereals and hogs supported provisions with pork near 18.60 and lard at 10.60, though later corn slipped on good weather and prices closed steady.
Quotations for cash wheat and corn listed by grade with prices in cents and fractions. Wheat futures closed December 83 and May 83 percent, oats December 82 percent and May 338.
Grain quotations from Chicago show cash wheat at No. 2 red 1.04 to 1.07, No. 2 hard 89% to 92 cents, No. 1 northern 90 to 91, No. 2 northern 88 to 89 cents. Corn No. 2 57% to 58, No. 2 white 59, No. 2 yellow 58 to 59, oats No. 2 31 to 31% cents, No. 2 white 34 to 34% cents, standard 32% to 33 cents.
The notice lists cash wheat No 2 red at 1.04 to 1.06 with No 2 hard 88 to 91 cents, corn No 2 at 55 to 56 cents and No 2 white 58 cents, oats No 2 at 32 to 38 cents, and December and May futures for wheat at around 90 to 47 cents respectively for December and May, with oats at 41 to 32 cents.
The record details multiple transfers including George D. Bihl to J. A. Appleby for Lakeview Gardens tract 16 at 400 dollars on November 6, 1912. A M Overall to Frank and Theresa Chavarris for lot 10 in Gardendale block 2208 at 160 dollars on October 8, 1912. and other deeds with buyers such as Paul Lass to F H Redmond for Edgewood addition property at 5500 dollars, plus transactions involving Dittmar Zavala street North side etc.
H. J. Phelps and Geo. H. Bower of the Illinois Central led a southern trip to study conditions for homeseeker and tourist literature. They announced a Panama Limited 24 hour Chicago to New Orleans train starting December 1 linking with the San Antonio sleeper and connections to the Southern Pacific.
AUSTIN Tex November 8 The railroad commission will conduct a regular hearing on Tuesday November 12 with seven propositions on the agenda Two were continued from last month The items include abolition of joint line oasis rates by express companies and applying standard rate scales regardless of the number of carriers Also Rock Island seeks readjustment of switching charges for inter city moves at Fort Worth and North Fort Worth
Two dollars were received at The Light Office from Von Ormy Texas toward the St John Orphan asylum fund. The contribution consisted of a dollar apiece from Miss Nellie Scanlon and Tom Scanlon.
The fourth cotton ginning report shows 8,949,898 bales ginned by Nov 1, down from 9,970,905 the prior year. The report, issued by Director E Dana Durand, covers census data across the cotton belt with state by state tallies and notes Sea Island and round bale totals.
Cotton seed products in Memphis on November 8 list Prime Basis oil at 4.93 to 4.94, meal at 24.50, and linters nominal.
Cotton seed oil closed firm with spot arc a price mix from 5.86 for November up to 6.25 for May. Trading showed numerous small lots: December 5.95 January 6.05 February 6.08 March 6.14 April 6.16 May 6.25. Total sales reported at 2200 contracts.
J A Cauthen of Lampasas purchased 200000 pounds of six month clip mohair at an average of 60 cents per pound. The sale accounts for nearly all Texan mohair except Kerrville's fall clip, marking a major market move.
Kansas City November 8 quotations shows butter changes with creamery at 30 cents for firsts 28 cents for firsts or second 26 cents for seconds stock at 23 2 cents. Eggs and poultry unchanged.
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