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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Nov 25, 1912
Page
18
Cotton opened steady in New York on November 26 with a quick sell off to losses as Southern offerings and foreign selling weighed. Buyers emerged to support retreats, lifting prices into mid-morning, with overall gains of 14 to 21 points on the day as selling steadied and hours moved toward afternoon. Middling uplands at noon named $12.80.
Cotton futures in New Orleans opened steady slipping 2 to 4 points on weak cables and a favorable weather map. Support was sparse from major bulls while selling kept pressure but the undertone remained steady due to reported strong interior spot demand. By noon prices stood 12 to 14 points above yesterday's close as European politics offered mixed signals.
The New Orleans session shows cotton futures opening steady with November at 12.41 43, December 12.45b, January 12.46 47, and May 12.60 61, then closing firm with a net advance of 23 to 27 points. A second commodity row lists corn and other figures with mixed highs and lows for Dec and nearby months.
Futures opened easier and closed quiet and steady in Liverpool. Prices listed for Nov through OctNov spreads show modest declines and narrow ranges with no major shifts in the session.
On November 26 the cotton market showed easier spot prices. American middling quoted at 7.49 with good middling 7.15 and middling 5.95. Total sales reached 9000 bales, including 1000 for speculation and export and 8400 American receipts, with 39,000 total and 27,000 American.
Money on call remains strong with a ruling rate of 2 1/3 percent and closing bid of 3 percent. Time loans show gains at 60 days 6 percent, 90 days 5 1/2 percent, and 6 months 5 percent.
A girl was born to Mr. and Mrs. Gustave Schramm on November 18, 1418 Grayson Street. The notice records a new arrival in the family and provides the parents’ names and address.
Semi official reports say steamship lines and the New Orleans Cotton Exchange have agreed on density standards for compressed cotton. A 25 percent rebate applies to bales at 32 pounds per cubic foot, with typical rates around 45 cents to Liverpool and Manchester. bales under 22.5 pounds per cubic foot face a 45 cent penalty per bale.
Week shows exports to Great Britain 25 895. to France 10 856. to Continent 28 342. to Mexico and Japan unspecified. Numbers indicate a varied overseas trading flow with emphasis on European destinations and broader continental shipments.
Cotton in New Orleans on November 26 shows spot steady with middling at 12 3 4 cents. Sales on the spot reach 920 bales. arrivals total 400. Receipts 18,551 bales and stocks at 278,141.
Spot cotton closed steady with fractional gains as prices ranged from low ordinary to good middling. Sales totalled 1650 bales at f o b 100, with receipts 48,626 and stocks 486,615.
The Houston spot market closed steady with fractional gains. Details show 2021 sales at 580 f.o.b., shipments 20,052 and stock 149,943. Grade levels ranged from low ordinary at 7 percent to good middling at 13 percent with middling fair at 13 percent.
New York cotton spot markets closed steady with middling upland at 13.00 dollars and middling gulf at 18.25 dollars as sales reached about 3400 bales.
MEMPHIS spot market unchanged as of November 26 with middling at 13 1 2 cents. Local quotes show steady tone across the Memphis Cotton Exchange region.
Butter steady with Daisies at 29 34c and 26 31c. Eggs steady receipts 2244 cases with ordinary firsts 24c and firste 27c. Cheese steady with Daisies 16 16c, Twins 15 16c, Young Americas 16 16 1 2c, Long Horns 16 17 6c. Potatoes steady Michigan 50 53c Minnesota 45 52c Wisconsin 48 52c. Poultry steady turkeys live 15c dressed 21c chickens live 10c springs live 12c. Veal 9 14c.
Butter Creamery 33c firsts 31c seconds 29c packing stock 23c. Eggs Extras 30c firsts 29c seconds 6c. Poultry Hens 9 12c roosters 8 9c springs 11 13c young turkeys 16c.
New York produce listing shows stable grain receipts and steady butter. In St. Louis poultry prices are reported with chickens at 10 cents, springs 12 cents, turkeys 16 ½ cents, ducks 14 cents, geese 11 cents, and butter at 29 to 34 cents per pound. Eggs remain firm at 26 cents.
In New York on November 25 futures for Rio No. 7 coffee held steady. December contract priced at 13.55 cents per pound, March at 13.85 cents.
New York reports London copper steady at 76 to 77 pounds sterling, tin eases to 225 to 226 pounds, lead at 13 pounds, and spelter around 26 pounds. Iron Cleveland warrants quoted as 67s in London.
The New Orleans rice market stayed steady with Honduras and Japan varieties quoted. Sales included Rough Honduras 1217 at 2.75 to 4.30 and Japan 84 at 3.25, receipts listed as Rough 18,222 and Clean 6,071 with millers 13,161.
London financial report shows Consols at 75 16 for account with 75 percent, money market rate 34 1 2 percent, and three other bills around 4 11 16 percent. Minor fluctuation observed in listed securities.
Observations at 8 a m show isobars and isotherms across the map. Air pressure at sea level is reduced and wind arrows indicate direction and speed. Temperatures, precipitation, and maximum wind velocity are recorded for the past 24 hours.
Chicago opening markets show wheat and corn retreat as war scare fades. May wheat fell from 91c to 90c amid weak demand for provisions. corn slipped slightly with weather and husking reports aiding gains for nearby contracts.
The Kansas City market notes cash wheat prices for No. 2 hard and No. 3 varieties with varying bids. It lists No. 2 mixed and No. 2 white corn quotes, plus No. 2 white and No. 2 mixed ranges. December wheat at 87 1/2 cents, May at 34 1/2 cents, with July 82 1/2. corn December 48 1/2 cents, May 45 cents, July 46 cents. Oats quoted December 32 1/2 cents, May 33 cents.
Cash wheat ranges No 2 red 1.02 to 1.06 No 2 hard 87 to 90 cents. Corn No 2 46 cents No 3 white 47 cents. Oats No 2 32 to 38 cents No 2 white 34 to 35 cents. December wheat 86 to 86.5 cents May 1 cent. Corn December 54 cents May 46 1/2 cents. Oats December 31 cents May 32 1/2 cents.
Cash wheat prices listed for No 2 red and No 2 hard grades with bid ranges. No 2 northern and spring varieties shown with cents per bushel. Oat prices for No 2 and No 2 white alongside standard oats provided.
The Duluth stock exchange will shut down next Saturday after hovering near dissolution for months. The executive committee announced the move due to a persistent lack of public interest. the exchange had been organized about three years ago.
New York dispatch reports higher cotton goods markets with gains in fine bleaches cambrics and long cloths. Men's wear for fall 1913 is being ordered. Dress goods are quiet while cloakings show activity and raw silk falls.
Raw sugar held steady with Muscovado 9 test at 3.35, Centrifugal 9 1/2 test at 4.05, molasses sugar 3.30, and refined unchanged. Petroleum molasses also steady. Hides and leather markets remained firm.
At Union Stock Yards on November 26, receipts were moderate and buyers were scarce as Thanksgiving and turkey demand restrained activity. Cows brought up to 4.50, calves 5.00, hogs 7.50, with a late start but generally active volume by noon. Markets compare favorably with Fort Worth and other packing centers.
At Fort Worth market on November 26, 3000 cattle and 1000 calves moved briskly with beef steers at up to 7.35 dollars and stockers to 5.80. Cows brought 4 to 5.25, bulls and calves strong with top 6. Hogs steady with 1500 head and tops near 8, bulk 7.70 to 7.95. Sheep receipts about 1300 with ewes at 4 dollars as markets held steady.
Cattle receipts reach 5500 with a strong market as Texas and western steers range from $4.40 to $9.15 and calves up to $10.00. Hog sales total 28000 with a slow to steady tone. light to heavy hogs quoted from $7.35 to $7.87. Sheep receipts hit 80000 with steady demand. native lambs and yearlings priced between $3.30 and $7.25, western stock $3.56 to $7.25. No market on Thanksgiving.
Cattle receipts 19 000 including 300 southerns, native steers 6 50 to 10 75, southern steers 4 25 to 7 10, cows and heifers 3 50 to 5 60. Hogs receipts 19 000, bulk 7 50 to 7 70, heavy 7 65 to 7 75, lights 7 45 to 7 70, pigs 6 40 to 7 00. Sheep receipts 17 000, muttons 3 75 to 4 60, lambs 5 50 to 7 50, range wethers and yearlings 4 00 to 6 00, range ewes 3 50 to 4 50.
Cattle receipts 6600 including 2600 Texans show 10 to 15 cent gains. Native beef steers 5.65 to 11.00, Texas and Indian steers 5.00 to 7.50, cows and heifers 3.25 to 5.00, calves 5.00 to 6.60. Hog receipts 12,000 down 10 cents. pigs and lights 6.75 to 7.80, mixed 7.60 to 7.85, good heavies 7.80 to 7.865. Sheep receipts 3000 steady. native muttons 4.00 to 4.20, lambs 7.50 to 7.75.
Cotton seed products in Memphis list prime basis oil at 5.10 to 5.14 and meal at 24.50 to 24.75. New York oil market closes firm with spot 6.09 to 6.25c and various futures levels. total sales 18,700 barrels across December March and other months.
Marine intelligence from Galveston reports arrivals including the Miguel M Pinillon the Viking the El Valle and the Sicilia with origins New Orleans New York Genoa and Antwerp. Cleared vessels include the Inkula Memphian and others bound for Liverpool Newport News Antwerp and Barcelona.
In St. Louis on November 26 wool markets held steady with medium grades at 234 to 236, light fine 19 to 21, heavy fine 13 to 18, tub washed 27 to 36.
The report shows lead at 4.30 per unit and spelter at 7.36 per unit in St. Louis markets dated November 26.
The Thanksgiving rush hits San Antonio produce markets with turkeys leading demand. Buyers pack docks all day as turkeys sell 17 to 18 cents per pound and cranberries 10 to 15 cents per quart. Celery and fruits are plentiful and cheaper than last year.
The document lists prices for poultry butter eggs and a broad range of produce and commodities for retailers. It includes hens fryers broilers turkeys butter eggs vegetables fruit canned goods syrups nuts and dried fruit with per unit and per case rates and notes bulk-order discounts.
New York November 26. A surge in call money and loan rates to 12 percent unsettled stocks as banks divert funds to the sub treasury and lending tightens. Treasury may seek relief. officials deny immediate surplus deposits. Markets opened higher but gains faded as rates climbed. Canadian Pacific rose 1.5 but profits took hold and activity halted. Government and corporate bonds remained steady to heavy.
Copper firm with spot at 17.10 dollars and December at 17.40 for standard. electrolytic 16.75 over lake 17.62 17.87. casting 17.25 17.37. Tin dull spot to January 49.50 90. Lead steady 4.45 4.55. spelter 7.35 7.55. Antimony quiet Cooksons 10.50. Iron steady unchanged.
Paris on November 26 quotes 3 per cent rentes at 89 francs 70 centimes for the account. Exchange on London at 25 francs 22 1/2 centimes for checks. Private discount listed at 3 per cent.
London reports 24 000 pounds sterling in bullion was brought into the Bank of England on balance today.
At 8 a m Tuesday November 26 1912 observers recorded weather related readings. Data notes indicate time date and the presence of standard meteorological indications typical of early 20th century observation logs.
Gunter building based editor T. G. Locke of the Fowlerton Reporter, damaged by a Saturday night blaze, travels to Dallas to buy a complete new print plant valued at 3500 dollars with no insurance. Austin commerce official Will L. Vining eyes hotel expansion. Dixie Social Club hosts prize masquerade and other events listed.
The Jewish Men's Society held informal entertainment at Temple Beth El last night featuring the Alamo Harmony Four in their first public appearance. Refreshments followed the musical program.
Ward 7 precinct organizers form precincts to lead cleanup work. Mrs J W Spillman chairs precinct 44 meeting at Mrs G E Reeder home 110 Warwick Blvd Wednesday at 3 pm. Officers to be elected to oversee ward cleanup. Drs Hicks Hadra and others listed serve professional roles. County roads inspection noted by County Judge Phil Shook and the commission.
Sommers Steffler and Commissioner-elect Henry Meyer conduct road inspections in Meyer's precinct stopping at a Salado creek bridge near Southton. They plan to brief retiring commissioners on road conditions for successors.
The Union Meat Company advertises hams bacon lard and compound available at home price. It urges customers to call 292 for quotes and notes the quality remains the very best standard.
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