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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Nov 11, 1912
Page
7
New York traders saw a mixed opening with small gains in Reading and Beet Sugar offset by declines. Steel was in steady demand on its October earnings report, while overall volume stayed light and late trading brought a sharp afternoon drop amid pending Supreme Court rulings.
New York price report lists copper with spot and forward quotes across several grades including standard, electrolytic and lake, casting, with November to January futures. Tin and lead show muted activity while antimony and iron hold firm levels for various Northern and Southern grades.
Cotton opened steady with a small decline then rose 7 to 13 points on bull support and Liverpool covering. By noon New York quotes showed gains but late session heavy selling trimmed advances to near unchanged. Spot noon at $12.25 per cwt for middling uplands.
Forecast for Monday night into Tuesday shows increasing cloudiness. San Antonio and vicinity expect cloudy skies and cooler highs, with stronger cooling expected in the northwest portion of East Texas Tuesday.
Cotton futures in New York opened steady with various front months bid and offered, then closed weak. January 11.96 bid, February 12.06 bid, March 12.18 19, May 12.26 27, July 12.30 bid, August 12.15 bid, September 11.85 offered, October 11.60 65, December 11.86 bid. Final figures show a softer close across the board with erratic highs and lows.
New Orleans today reports cotton futures opening steady with a 1 to 5 point advance on favorable weekend weather and improved sentiment over the Balkan situation. Early trade remains quiet with light buying, but prices trend upward as covering and profit taking shape. By midmorning, markets show 8 to 19 point gains across months, with no vigorous bull action observed.
Cotton futures opened steady with January at 12.30 31 and May at 12.52 53 while March and July traded around 12.42 43 and 12.60 asked. Futures closed barely steady with a small net decline, showing mixed daily ranges across the board and notes of late session softness.
Spot cotton sold well with prices up three points. American middling fair reached 7.884 and good mid ing 7.10d, middling 6.904, low middling 6.72d, and ordinary 5.784. Daily sales totaled 10,000 bales with 1,000 for speculation and export, including 300 dollars American. Receipts stood at 39,000 bales, of which 37,900 were American.
Liverpool futures opened steady and closed firmer with list quotes showing November at 6.77 percent, December 6.66, and consecutive near six and a half percent ranges across the forward months from January to November, reflecting a slight firming into mid autumn.
New York on November 11 reports cotton spot closes quiet with middling uplands at 12.20 dollars and middling gulf at 12.45. Trading volume noted as 100 bales with prices listed for New Orleans Liverpool Houston Galveston and Memphis as middling ranges.
Global sugar markets face a predicted price dip as bumper crops lift output. Guban and European harvests push the year’s total to about 15.58 million tons, with 1912-13 outlook at 18.5 million. Hugo Goodman notes stock, tariffs, and post 1911 boom cooling demand as factors. Fresh country eggs rise to 32 cents per dozen while wholesale storage eggs hold at 28 to 28.5 cents.
Quoted prices show butter steady with creams 28 32 1 2 c, daisies 25 380 c, eggs steady at 25c. cheese steady with Daisies 17 1 2 c, Twins 16 7 c, longins 16 1 2 c. Potatoes steady with Michigan 48 58 c, Minnesota 47 60 c, Wisconsin 45 52 c. Poultry firm with turkeys 1 c, chickens 1 c, springs 12 c. veal 9 1/2 c. Receipts listed for cases and cars.
Quotations for the day list butter creamery firsts 28 cents, seconds 26, packing stock 23 1/2, eggs extras 28, firsts 27 1/? 270, seconds 40, poultry hens 10 1/2, roosters 9, springs 11 1/2 to 18, young turkeys 1 cent?
Fort Worth nov 11 cattle and hog markets show broad declines with butchers and calves steady to lower. Big northern receipts and limited beef cattle volume amid markets steady overall. Hogs top at $8 on two loads, good hogs $7.26 to $7.90, sheep steady. cattle receipts 3500 with feeders and canners near steady. calves strong but heavy calves weak. top calf price around $8 in limited runs.
Cattle receipts 23 000 market steady to 10 cents lower Reeves 5 26 to 10 65 Texas steers 4 30 to 6 65 western steers 5 50 to 9 15 stockers and feeders 4 10 to 7 10 cows and heifers 5 70 to 7 30 calves 6 50 to 10 60. Hogs receipts 32 000 market quiet 6 to 0 lower light 7 30 to 7 85 mixed 7 45 to 7 95 heavy 7 30 to 8 00 rough 7 30 to 7 50 pigs 5 00 to 7 60 bulk 7 65 to 7 90. Sheep receipts 60 000 market slow 10 cents lower native 3 40 to 4 50 western 3 50 to 4 40 yearlings 4 60 to 5 75 native lambs 5 40 to 7 36 western 5 50 to 7 25.
Kansas City market figures show cattle receipts at 21000 with native steers 6 10, southern steers 4 6. Southern cows and heifers 3 5. Hogs receipts 9000 with bulk sale 7.50 to 7.70, heavies 7.66 to 7.76, lights 7.40 to 7.65. Sheep receipts 15000 with muttons 3.75 to 5.25, lambs 6.00 to 7.40, range wethers 4.00 to 6.25, range ewes 3.00 to 4.60.
ST LOUIS LIVE STOCK ST LOUIS Nov 11 Receipts and quotations were as follows today Cattle receipts 11500 including 1700 Texans market steady Native steers 5.50 10.80 Texas and Oklahoma steers 5.00 7.00 cows and heifers 3.25 6.00 calves in carload lots 5.00 6.50 Hogs receipts 9500 market 10 15 cents lower Pigs and lights 6.90 7.50 mixed sows 7.65 8.00 good heavy 7.60 Sheep receipts 7000 market 10 1lhee lower Native muttons 4.00 4.20 lambs 5.50 7.35
Real estate transfers include George W. and Mary L. Fairchield selling lot 21 block 7 Cortez St for 1600 to N S Barhan. Southwestern Land Corp sells tracts 102 and 108 Lakeview addition to Chas Schulke for 750. Apreciado sells lot 11 Tampico St for 10 to W L Jones. Albert Beitel sells east two thirds of lots 1 and 2 new city block 287 Zavala and Leona Sts for 4000 to Joe Abdo. Highland Improvement Co sells lot 12 new city block 3286 block 18 Highland Park addition for 600 to Arthur B John. Ana F Vallejo sells lot 22 block 15 new city block 280 South Leona St for 3500 to Charles J Chabot.
New York on November 11 reports eggs steady to firm with 5065 cases received. Fresh gathered extras sold at 38 to 40 cents per dozen and dirties No. 1 at 22 to 28 cents, reflecting market conditions and current supply.
Quotation roundup in St Louis on November 11 lists poultry prices: chickens 9 1/2 cents, springs 1/2 cent, turkeys 16 cents, ducks 12 cents, geese 11 cents, butter at 2 1/2 cents, creamery, and eggs firm at 26 cents.
Memphis spots report shows steady activity with middling cotton at 12 1/2 cents. Market observers note stable demand and no major price shifts for the day.
The table lists cotton receipts by port for this year and last, with figures for Galveston New Orleans Mobile Savannah Charleston Wilmington Norfolk Boston Pensacola Port Arthur and other ports. Texas items show Houston and Port Arthur receipts amid broader interior totals.
New York reporting steady values across raw and refined sugar with Muscovado 89 test at 3.55 to 3.60 cents and 96 test at 4.00 to 4.05 cents. Molasses sugar 89 test at 3.30 cents. Petroleum and molasses unchanged. Hides and leather prices firm. Bogota 28 to 29 percent.
In London on November 11 money was clearer and discount rates held firm. Uncertainty over Europe and mining settlements curbed stock exchange activity. Shipping stocks and Brazilian and domestic rates weakened on pre carryover weakness. Russian and Servian bonds softened while copper shares faced selling pressure. Consols remained steady.
Galveston reports arrivals including the Koeln Bremen Thora Menzel Cardiff Skipton Castle Antwerp Cayo Romano Progreso Havana via Progreso and the Indore Bjornstejorne Bjornson Bremen via Norfolk with departures to Liverpool and Norfolk.
Cotton seed oil closed steady with December at 5.96, January 6.06 to 6.07, February 6.10 to 6.12, March 6.16 to 6.18, 500 sold at 6.16, April 6.28, May 6.38. Total sales 24,800 with bids and deals varying through third and fourth calls.
New York money desk reports the ruling rate at 44 percent with 6 percent, closing bids at 5 percent four, and offered 4 percent. Time loans show easier terms with 60 days at 5 percent, 90 days at 5 percent, and six months at 4 and a half percent.
Lead stayed steady at 4.35 while Spelter remained quiet at 7.45 in the St Louis market report dated November 11.
New York coffee prices show mild firmness as futures hold near prior levels. December contracts at 13.69 and March at 13.91 cents per pound amid quiet trading.
Union Stock Yards reports 1862 head of livestock with cattle leading at Fort Worth, Chicago and other yards. Cows sold to $4.26 and $4.50 for best pairs, hogs around $7.60, while quality limited price gains and sheep arrived late with no early sales.
The New York cotton goods market remained firm with steady to active trading. Heavy cloths in strong demand, mills often unable to meet deliveries, spot supplies light, and early year contracts rising for spring needs. Export shipments still outpacing last year with October sales to eastern markets at 65 000 bales.
New York reports October pig iron production at 2,690,000 tons, a record, with November daily rate at 82,600,000 tons annually. Steel demand remained active despite the election, with major contracts for steel bars plates and shapes and rail orders. U S Steel unfilled orders totaled 7,954,381 tons, up 1,042,874 for the month, as output reached a record 1,618,000 tons of ingots and over 1,200,000 tons finished steel. Shipments lagged production by about 100,000 tons.
The Texas Department of Agriculture reports October cotton ginned totaling 970,177 bales, up 29,623 from October 1911 and a new monthly record. Leading counties include Ellis 42,470, McLennan 19,931, Travis 5,452, Lamar 22,631, Kaufman 25,238, Hill 26,545, Grayson 28,108, Fannin 22,361, Dallas 21,759, Collin 28,047 bales.
A massive protest yesterday against imminent European war drew a large crowd. A mass meeting adopted resolutions and workers marched through the Ringstrasse showing clear antiwar sentiment and demand for peace.
Adrianople dispatch reports the Bulgarian bombardment of the city halted after Friday action. Shukri Pasha posted victory placards claiming the garrison repulsed the attack around Maras and drove besiegers into the surrounding country. This is the first dispatch from a correspondent with the beleaguered Turkish garrison.
Paris dispatch reports Bulgarian forces storming Kartaltepe and Papaztepe forts near Adrianople after daybreak. Bulgarian artillery and bayonet assaults drive Turkish defenders from Kartaltepe by noon while Papaztepe falls after night’s fierce fighting. Papaztepe’s loss imperils the Adrianople defenses.
Bearish sentiment prevails in grain markets with wheat slipping while corn and oats show firmer tendencies. December wheat opens lower, rallies, and closes near unchanged as provisions firm. pork at 18.35, lard 10.37, ribs 9.92, with corn and oats reacting to husking returns and demand.
Readable fragments show daily park opening times and a jumble of commodity prices. Mentions of Lard and Short Ribs include November and January figures, with percentages and annualized values scattered throughout.
Chicago cash grain quotes show No 2 red wheat at 1.06 1.0T and No 2 spring about 87 to 88 cents. Corn No 2 sits around 58 cents, with No 2 white and yellow also 58 to 58 1/4 cents. Oats No 2 around 34 cents for standard bids.
November 1 reports list cash wheat at 83% to 89% for No. 2 hard and 8% to 9% for No. 2 red, corn No. 2 mixed old 64 to 68 cents, No. 3 old 58 to 62 cents, oats No. 2 white 37 to 39 cents with mixed grains around 34 cents. Futures close: Wheat December and May 94 cents, November 46 to 47 cents. Oats December 32 to 33 percent for May 34.
Market quotes list cash wheat and corn prices with small changes noted for No 2 red No 2 hard No 2 white oats and December and May futures. Wheat December 90 cents May unspecified. Corn December 47 to 48 cents. Oats December 31 cents May 38 cents.
New York November 11 report shows prim mercantile paper at 6 percent with sterling exchange quotes 4.81.25 for 60 day bills and 4.85.50 for demand, commercial bills at 4.81. The market reflects active banking activity with quoted exchange figures and bill prices as traders weigh short term securities.
Building permits list residents and properties with dwelling plans across Porter Sal tilio St St James South Colorado Rigsby Perez and El Paso streets. Permits include 4 to 8 room houses with values from 150 to 3700 dollars and a combined store and dwelling project.
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