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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Nov 09, 1912
Page
7
The Balkan tension boosts wheat while corn and oats hold steadier as traders skim rumored crop prospects. Prices move modestly with December wheat up and oats trading around unchanged amid thin market action and forecasts.
Market summary shows cash wheat and corn prices with multiple grade codes and bid ranges. The chaotic OCR lists No 1 and No 2 grades with percentages and mixed numerals, indicating bids around 87 to 91 cents for various wheat categories and similar values for white and yellow grains.
The report lists wheat prices with No 2 red at 1.06 to 1.07 and No 2 white around 53 to 82 cents. December futures show declines for winter wheat with mixed quotes for May and December contracts.
New York report shows clearing house and trust companies hold six million four hundred fifty thousand dollars in excess of legal requirements, an increase of two million five hundred seventy thousand five hundred forty from the previous week.
The list shows multiple steamers arriving and sailing via Norfolk and Key West, including Crown, Brunswick, and Maria names from Britain Norway and Italy, with routes to New York, Colorado, Campeche, Tampico, and other ports, reflecting a busy maritime movement.
Interior receipts show 19 464 bales for Mouston Texas this year. United States exports to Great Britain 163 418 and 87 169 to ports. Exports to France 46 526 19 807 and continent 97 595 134 341. Stock at U S ports 4 138 068 yesterday and 4 097 23 last week. Excess this season 114 879 bales.
Cotton seed products in Memphis show prime basis at 4.93 4.94 with meal at 24.60 and linters in pom nal. New York market reports seed oil trading with November to May futures, multiple lots sold at varied prices from 5.84 to 6.45, total sales listed as 16 500.
Hides steady with Bo gota at 28 29 cents. Central America at 28 ½ percent. Leather firm with Hemlock firsts 27 28 cents, seconds 26 27 cents, thirds 23 21 cents, rejects 18 cents.
Wool prices in St. Louis show steady to firm tone with medium grade combing and clothing at 23 to 26 cents per pound, light at 19 to 21 cents, heavy fine 13 to 18 cents, and tub washed 27 to 86 3/8 cents per pound.
Cotton opened barely steady with a 9 to 10 point decline amid heavy selling and New Orleans and European influence. Prices fell to 11 to 18 points lower before tightening to near yesterday's close as traders cited favorable weather and strong demand, with futures quotes showing January near 11.83 and March around 12.04.
The weekend session in New Orleans cotton opened lower on a weak Liverpool market and good weather but soon steadied and rose as bullish statistics and strong spot demand emerged. Early declines gave way to 24 to 26 point gains from the morning low as large buyers entered the market and short-sellers covered.
Cotton futures in New Orleans opened steady with November at 12.12 to 12.14 and January at 12.18 to 12.28. By close the market was barely steady, adding four points from yesterday's finish.
Liverpool cotton market reports dull spot prices with American middling fair at 7.354 and ordinary 5.76d. Sales reach 4000 bales, 600 for speculation and export including 3100 American. Receipts total 99,000 bales, including 93,800 American.
Futures in Liverpool opened quiet and steady then finished easier with various near term contract quotes. November at 6.64 percent, November December 6.52 percent, December January 6.50 percent, January February 6.50 percent, May June 6.60 percent, June July 6.49 percent, July August 6.48 percent, August September 6.41 percent.
Spot cotton prices mixed with ranges from low ordinary to strict middling and good middling. Receipts show 11 7 stock and 218 786 in reported figures with sales notes and market terms.
Market brief records varied grades listed as ordinary, middling and good middling with figures like 9 18-16, 12 6, 12 11-16 and 400 units, alongside references to stock numbers and cash figures. The note shows fluctuating prices and counts without a clear event or conclusion.
Washington reports end of September stocks at 47,231 tons, up 1,248 from August but down 1,889 from September 1911. September production totaled 97,486 tons, down 8,494 from prior period. Shipments reached 93,750 tons, a drop of 6,382 from August.
Observation notes recorded at 8 a m Saturday November 9 1912 by Dr J R Cunningham osteopath located in 449 Moore Building old phone 984 1.
Weather bulletin from the Weather Bureau under Willis L. Moore forecasts fair conditions for San Antonio and vicinity tonight and Sunday. East Texas is also expected to remain fair through tonight and Sunday.
The Union Stock Yards market today shows 373 cattle 8 calves 39 horses and 4 hogs on the scales. Prices ranged from 3.50 to 4.25 for grown cattle with calves up to 4.50 and hogs 7.00 to 7.25, while packer hogs were scarce and overall demand eased at packing centers.
Receipts and quotations show cattle receipts 1000 including 300 Texans with market steady native beef steers 5.50 to 10.80 Texas and Oklahoma steers 5.00 to 7.00 cows and heifers 3.26 to 6.00 calves in carload lots 5.00 to 6.60. Hogs receipts 4000 with market 10c lower pigs and lights 6.75 to 8.10, mixed and brion 7.75 to 8.16, good heavy 8.10. Sheep receipts 1200 market steady native muttons 4.15 to 4.35 lambs 5.60 to 7.50.
Kansas City cattle hog and sheep quotes with receipts. Cattle: 2000 head including 50 southern. steers 36.50 to 60.60. southern steers 4.25 to 6.35. southern cows and heifers 3.25 to 5.25. Hogs: 4000 head. prices 6.00 to 7.85. bulk 7.70 to 7.80. Sheep: 500 head. lambs 6.00 to 7.50. range wethers 4.60 to 6.25. ewes 2.75 to 4.60.
Cattle receipts 1500 with market steady. Reeves 5.30 to 10.65, Texas steers 4.35 to 6.65, western steers 5.50 to 9.20, stockers and feeders 4.15 to 7.15, cows and heifers 2.75 to 4.70, calves 4.60 to 10.76. Hog receipts 12,000, market slow and steady, 10 cents lower. Light 7.45 to 8.05, mixed 7.55 to 8.15, heavy 7.45 to 8.15, rough 7.46 to 7.85, pigs 5.00 to 6.85, bulk 7.60 to 9.00. Sheep receipts 2000, market steady. Native 3.50 to 4.60, western 3.60 to 4.50, yearlings 4.70 to 5.85, native lambs 5.60 to 7.60, western 5.65 to 7.40.
New Orleans Cotton Exchange reports record port receipts for November with increases over last year and 1909. Season totals through 69 days show gains against year before last and 1909, while eight days of November rise compared with prior periods. Foreign exports and interior stock shifts noted amid overall higher movement.
New York on November 9 notes spot cotton steady with Middling uplands at 12.25 and Middling gulf at 12.60. Sales were reported as none.
Memphis spot cotton holds at 12 1 2 cents per pound while New York reports steady coffee futures with Rio No 7 at 14 1 2 cents. December cotton futures traded around 18 3 4 dollars and March near 13 94.
New York reports steady cotton goods markets with Algonquin prints up a fraction per yard, wool markets firm and showing a rising tendency, and silk markets holding steady amid a stable overall trading tone.
New Orleans market notes show firm prices for clean rice and rough Honduras rice with steady Japan. Receipts total 2262 rough, 1901 millers, 1133 clean while sales total 1935 rough Honduras, 1130 Japan rough, and 4748 Honduras clean with varying per hundredweight quotes.
In Pittsburgh on November 3 the price of Pennsylvania crude off was advanced 6 cents to 1.70 a barrel. Other grades gained to Corning 1.23 Somerset 1.00 Newcastle 1.23 Cabell 1.30 Mercer black 1.23 Ragland 0.60.
In St Louis on November 9 lead priced at 4.60 and spelter at 7.25. The report notes market levels for primary metals with these quotes as current figures.
Fort Worth buyers showed steady demand with most cattle sold on the hook before 10 o clock. Prices held firm for steers and cows with calves and hogs also showing steady or near steady values amid a market with diverse lots and mixed quality offerings.
Quotations from Chicago show butter steady at 26 31?6c, creamery. eggs firm with 2599 cases receipts. dairy, dairy products, cheese and other items listed with small variations. Potatoes steady with 45 cars received. regional prices from Michigan Minnesota Wisconsin and poultry and veal also noted.
Quotations were as Poultry Chickens nine and three quarters cents, springs twelve cents, turkeys seventeen cents, ducks twelve cents, geese ile. Butter Creamery with Hess firm at twenty seven and thirty two, two and a fraction cents.
New York reports steady market activity with receipts at 6209 cases and unchanged prices across major grades as buyers monitor demand.
Raw sugar remains steady with Muscovado 8 test at 3.55 and centrifugal 6 test at 4.06. Molasses sugar 89 test at 3.90, refined sugar quiet with crushed 6.60, granulated fine 4.90, powdered 6. Petroleum steady with refined barrels at 8.35. New Orleans open kettle price 87 62.
RECORD STEEL BUSINESS NEW YORK Nov 9 The unfilled tonnage of United States Steel for the month ending October 31 was 7 694 251 tons breaking all monthly or quarterly records. The unfilled delivery for the same month last year was 2 694 828 tons and for September this year was 6 551 507 tons.
The Chicago Journal notes a revived De Lesseps flood project to fill a Tunisian desert area in the extreme south near the Mediterranean. A main canal and several smaller canals would inundate 6000 to over 20000 square miles of salt lake beds. Critics doubt climate or economic benefits, yet the effort shows man claiming mastery over nature.
Washington officials seek the origin of a naval academy trophy known as Flag 814. The flag displays the numbers 814 in white on a blue field with a red border, and archives offer no clue on when or where it was captured. Commander W C Cole has contacted historians and antiquarians for help.
New York reports the election did not disrupt trade and industry. High crop yields sustain demand in coal groceries dry goods and clothing with brisk orders in iron steel flour mills and lumber. Regions outside the south Atlantic show positive reports despite a few negatives.
Mme Luis Pastor wife of a former Spanish chargé d affaires joins Washington journalism amid society circles. Former Baltimorean Miss Constance Cazanov Lee married Pastor in 1906 and reemerged in New York then Washington working as a reporter. Jessie Benson Fremont, linked to John C Fremont and Thomas H Benton, opens a Dupont Circle dressmaking shop while a retired army officer’s daughter runs a French laundry near the British embassy.
Williams Memorial Institute in New London class of 1913 surprised faculty by a hair unbound pledge. Sixty seniors arrived with hair down and no rats or waves, while a third dressed normally causing a quick dressing room frenzy. Principal Colin Buell judged the back to nature stunt a success.
The Washington Star quotes a publisher and Dustin Stax on how newspapers demand payment for ads from new businesses while giving free space to political candidates, highlighting perceived bias in campaign coverage and the cost burden on ordinary entrepreneurs.
The article notes a looming Turkey supply boom in San Antonio as Thanksgiving nears, with Cuero reporting a 10 000 to 10 600 flock procession. Cranberries rise in price, evaporated fruit markets stay volatile, and Dundee and Co report solid business despite Balkan war uncertainty.
New York trading opens weak as foreign markets react to Balkans developments. Large declines in copper and coal shares weigh on the list, with overall prices down about 12 points at one point and ongoing liquidation signaling market unsettlements. The session ends with a generally soft tone and some gains in rails not offset by the broader losses.
On November 9 in New York the market showed steady sterling exchange with bankers bills at 4.8125 and 4.8560 for commercial bills. Prime mercantile paper stood at 6 percent as government bonds remained steady and railroad bonds eased. Bar silver quoted at 62.5 percent with Mexican dollars at 49.5 cents.
New York November 9 metals market reports quiet trading with electrolytic copper at about 17.62 to 17.87 per hundredweight and casting copper around 17.25 to 17.37 while iron prices remained unchanged.
New York money on call remains nominal while time loans hold steady. Sixty 6 percent, 90 days at 5 4 percent and 5 5 percent rates noted. Market activity described as stable with no major shifts.
Copper dull in London trading with spot at 7 pounds 10 shillings and futures at 77 pounds 2 shillings 64 pence. Tin spot and futures at 229 pounds sterling with minor variations. Lead at 18 pounds sterling, iron Cleveland warrants quoted at 67 shillings in London.
John D Rockefeller plans a $1,000,000 Pocantico Hills residence with an intercommunicating telephone setup. Thirty three extensions allow direct room to room calls with auto cut off to prevent eavesdropping. He will be his own operator once the system is live.
Redding Arkansas resident Dr L G Hill pursues a legendary treasure hidden in a cliff cave. Tale mentions two Spanish cathedral loot jewels and plate gold and silver from mines. Legends tie the hoard to Masonic and Indian signs and a Vatican conflict with Masonry.
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