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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Nov 25, 1912
Page
9
The Weather Bureau forecast for San Antonio and vicinity calls for tonight and Tuesday to be fair. East Texas is expected to be fair tonight and Tuesday with freezing temperatures overnight in the northern portion.
New York opens seven points down with near months easing as cables disappoint and southern temperatures depress demand. Prices later rise to high records but realize gains curb, leaving midafternoon quotes about a few points under Saturday’s close amid nervous trading and selling.
New York cotton futures opened steady with priorities on December at 12.38 and January around 12.44. March touched 12.61 while May and July quoted near 12.54 and 12.48 respectively as prices fluctuated through the session.
New Orleans reports cotton futures opening steady with minor declines up to 3 points. Weather forecast for the western belt promises fair freezing conditions, sparking a buying wave despite war rumor weakness. Early trade shows small losses but gains toward noon as sentiment stabilizes amid rumors.
In New Orleans on November 25 cotton futures started steady with November at 12.54 56, December at 12.57, January 12.60, and so on up to May around 12.76 78. The session closed steady with a net decline of 10 to 17 points amid mixed price moves and reported daily highs and lows.
Spot cotton prices in Liverpool on November 25 were steady with American middling at 7.56 pence, good middling 7.22, mid 7.02, low middling 6.82, good ordinary 6.38, and ordinary 5.90. Sales reached 7,000 bales, including 500 for speculation and export, with total American receipts listed at 46,000 bales, of which 36,400 were American.
Futures opened steady and closed quiet with a series of December to October forward contracts quoted in percentages and fractions. Notable figures include Nov 6.86444 and various inter-month spreads from Nov-Dec to Oct-Nov, reflecting a stable demand outlook.
A brief listing shows New York at 12.80 middling New Orleans 12 percent Liverpool 7 02d middling Houston 12 1 4 percent Galveston 12 percent 4 c Memphis 13 4c middling readings across major markets as reported.
New Orleans on November 25 reports spot cotton firm with middling at 12 1/2 cents. Trading included 600 bales on spot and 100 arriving. Various classifications quoted from low ordinary to good middling with fractions. Receipts total 25,065 bales, stock at 262,584 bales.
Spot cotton on the Galveston market steadies with a range of grades listed from low ordinary to good middling. Prices span 7/8 to 12 1/2 cents, with 596 bales sold and 29,108 bales received, current stock at 470,761 bales.
Houston market report states the spot market closed steady. Sales totaled 389, shipments 30,586, stock 148,933. Grades ranged from low ordinary 7.5 to good middling 12.5 cents per pound with mid dling at 12 1/2 and 13 1/2 cents for fair mid dling.
New York reports cotton spots closed steady on November 25 with middling uplands at 12.80 and middling Gulf at 15.05. No sales were recorded.
Cotton spot prices stay steady at Middling 13 3/4 cents in Memphis. Cleveland's municipal dance hall has netted a profit of 3000 dollars this year, city officials say such supervised venues meet public demand.
Interior receipts list shows Houston with 32,728 shipments and New Orleans at 125,065, Savannah 4,272, Charleston 4,183, Wilmington 2,638, Norfolk 6,249, New York 281, Boston 230, Texas City 687,126 and total last year 78,014. The data covers Galveston and other port cities with varying counts of cotton shipments and inland totals.
Butter steady with Creameries at 29 384c and Daisies 26 31c. Eggs steady with 2401 cases reported. ordinary firsts 24c and firsts 27c. Cheese steady with Daisies 164% 15c, Twins 15% léc, Young Americas 16% 16c, Long Horns 16% 16c. Potatoes easy with 90 carloads. Michigan 50 528c, Wisconsin 48 52c, Minnesota 48 52c. Poultry unsettled with turkeys live 15c and dressed 21c, chickens 10c, springs live 12c. Veal steady 9 léc.
Butter creamery 82 1/2 cents firsts 30 1/2 cents seconds 28 1/2 cents packing stocks 23 cents Eggs extras 30 cents firsts 28 1/2 to 29 cents seconds 20 1/2 cents Hens 9 1/2 cents roosters 11 1/2 to 18 cents turkeys young une.
New York reports mixed grain receipts and prices with fresh extras at 338 and dirties 16 22 cents. St Louis Poultry firm quotes chickens 9 ½ cents, springs 12 cents, turkeys 16 cents, ducks 11¼ cents, geese 11 cents. Elgin butter steady at 34 cents. Navy Sugar in New York steady with Muscovado 89 test at 3.55 and refined near 3.30. Petroleum and molasses steady. hides and leather firm.
Railroads accelerate steel purchases as 1913 contracts rise in response to global price gains. From November to year end, transportation firms contracted for 284000 tons of rails 22660 cars 215 locomotives and 31000 tons of structural steel with further orders possible. Prices for lake iron ore advance and iron and steel makers seek large tonnages for early 1913 use.
The New York cloth goods market remains strong with higher prices and active demand. Production limits due to worker shortages and shorter hours, while Fall River sold 220000 pieces last week with 75000 spots and the rest futures. Prices list print cloths at 41-16 to 38 percent bid and wide sheetings up 2.5 cents per yard.
Arrived yesterday in Galveston Texas: steamers Penlee Pen sacola Northtown Tampico and El Occidente plus the American line ships Liverpool Northwestern Port Aransas and New York. Sailed: the Almerican British. location details reflect a busy port activity with multiple vessels.
In New York on November 25 coffee futures show Rio No. 7 at 14 cents. December futures trade around 15 dollars and 42 cents while March futures sit near 13 dollars and 74 cents.
Will A Morris transfers lot 14 block 13 new city block 797 Lewis and Paschal addition to Lida J McClellan for 4000 dollars Hariandale Realty Co to LastRy Brandt covers lots 29 and 30 block 10 for 300 dollars Leonard Brown sells lots 14 to 17 block 10 city W block 3094 Laurel Heights for 4000 dollars
Chicago prices show mixed gains as wheat climbs on cables but war rumors temper rallies. May wheat opens higher, slips back, corn and oats rise with demand. hogs push up pork lard and ribs prices. December corn buys ease, May contracts close slightly higher despite volatility.
Cash wheat prices ranged from No 2 hard 81 87c to No 3 914% 9Sc. Corn quotes No 2 mixed 44% 45c No 2 42 rce No 2 white 46c. Oats No 2 white 33%c No 2 mixed 32% c. Wheat futures December 97 98%c May 85%c July 83 83% ec. Corn December 47%c May 45 %c July 46%¢. Oats December 82% 82%c May 33% 33%e.
Chicago market report lists cash grain quotes for wheat corn and oats with bid ranges. No. 2 red wheat from $1.03 to $1.06, No. 2 hard 97 to 102 cents, No. 1 northern 86 to 87, No. 2 northern 85 to 86, No. 2 spring 84 to 85, velvet chaff 814 to 86. Durum 81 to 88 cents. Corn No. 2 54 to 56 cents, No. 2 white 48 to 49, No. 2 yellow old 57 to 58, new 53. Oats No. 2 white 34 to 35, standard 33 to 34.
Cash wheat prices show No. 2 red at 1.083 and 1.04 percent, No. 2 hard at 87 to 90 cents. Corn No. 2 at 46 cents, No. 2 white at 47 cents. Oats No. 2 at 32 cents, No. 2 white at 35 cents. December wheat 87.5 cents, May 92.5 cents. December corn 45 cents, May 46. December oats 31 cents, May 32 cents.
New York November 25. A money market flurry lifted the call loan rate to 12 percent the highest since early 1910. Opening rates at 6 percent gave way as two principal banks called loans causing the surge before easing. A life insurer tabulated 4505 farmer policies in 1911 representing 9.13 million dollars. Endowment share near average, term insurance usage lower. Farms mortgage holdings reach 81.65 million dollars, the largest among peers. An unspillable accumulator for wireless aeroplanes is described in Insurance Press.
Fort Worth market reports light cattle and calf receipts on Monday with active trading. Cattle receipts 2500, hogs 2800, sheep 300. top cattle $6.25 for steers, hog top $8.00, bulk $7.75 to $7.95, cows aided by higher bids, calves $4.00 to $5.50. Sheep steady with 300 head.
TNION STOCK YARDS reports a subdued Monday session with low offerings across cows calves hogs and sheep. Best cows fetch 1.25 calves 4.75 hogs 7.50 while other divisions show limited activity as traders expect lighter receipts and potential higher prices later in the season.
Cattle receipts total 3500 with 800 southerns and steady prices for beef steers and cows. Hog receipts around 11000 up 10 cents with pigs and lights at 6.75 to 7.85 and best heavies 7.85 to 7.95. Sheep receipts 3000 steady with native muttons 4.10 to 4.25 and lambs 5.50 to 7.25.
Cattle receipts 16000 up 10 cents with native steers 6.50 to 6.65 and southern steers 4.25 to 7.25. Hogs 10000 up 5 to 10 cents with bulk 7.50 to 7.75 and lights 7.45 to 7.70. Sheep 8000 weak with muttons 3.75 to 4.50 and lambs 5.50 to 7.40. range fats 4.00 to 6.00 and ewes 3.00 to 4.50.
Cattle receipts 18000 market steady to up 10c with prices for Reeves 5.35 to 10.75 Texas and western steers 4.30 to 9.10 stockers 4.25 to 7.60 cows 2.70 to 7.45 calves 6.50 to 10.25. Hogs receipts 39000 market slow up with 7.35 to 7.90 for most bids and 7.65 to 7.85 bulk sales. Sheep receipts 52000 market weak to 10c lower with natives 3.40 to 4.30 western 3.60 to 4.25 yearlings 4.60 to 5.80 lambs natives 5.40 to 7.25 western 5.50 to 7.25.
In Belleville Illinois Chief Nebgen sues Star brewery to stop dumping beer into Richland creek within city area. Justice Wangelin rules for the brewery claiming beer waste is dumped outside city limits. Citizens weighing action with township authorities.
Derrida Re Cunningham advertises osteopathic services at 449 Moore Building with old phone 984 T. The listing notes New Zealand has 233 daily weekly and monthly periodicals.
Oranges and apples will be cheaper at Christmas due to record crops. California navel oranges are large with 80s and 96s, wholesale at 3 to 3.25 per box and 3.50 for small sizes. apples plentiful from 75 cents to 1.90 per bushel, and shipments are unusually heavy as growers push supply regardless of market conditions. Lead apple dealers, through national and state groups, promote greater consumption to use the abundance.
A broad price list covers poultry hens, fryers, turkeys, butter, cheese, eggs, vegetables, fruits, nuts, cereals, canned goods, meats, and more. It includes per pound, per dozen, per hundredweight, and per box rates for buyers, with note that prices apply to single cases and discounts for five or more cases.
The market opened heavy with railroad losses led by Canadian Pacific and Lehigh Valley. After brief rebounds prices fell again on Balkan news as call money surged to 12 percent, banks and steel sold off and overall market sentiment remained bearish through the afternoon.
Cotton seed products in Memphis list Prime basis oil at 5.10 to 5.14 dollars, meal at 24.50 to 24.75, linters at 3. to 4 cents. New York oil quotes show spot at 6.14 to 6.25, various futures through May with miscellaneous sales.
Automobile licenses issued to Miss N M Marshall 707 Avenue J H Lapham 81 Anthony Gustav Grok Wetmore Ave and Household Furniture Company 216 West Commerce Street.
The ledger lists permits including M. S. Hunsdon eight room dwelling on Mistletoe avenue valued at 1000 dollars, repairs for Estate of Mary A. Fox on Cal laghan avenue at 250, Co. J Welfarmn four room dwelling on Cooper street at 600, Miss L. Cook two room addition on Mesquite street at 150.
Close: Prime mercantile paper 6 percent. Sterling exchange easy with actual business. Bankers' bills 4.80 90 for 60 days and 4.85 for demand. Commercial bills 4.80. Silver at 63 cents, Mexican dollars 48 cents. Government and railroad bonds heavy.
Money on call remains strong at 6 percent with bids at 6% and offers at 9 percent. Time loans hold steady with 60 day at 6 percent, 90 day at 5 to 6 percent, and 6 months at 4 to 5 percent, reflecting a calm money market.
In St. Louis on November 25 lead stayed at 4.45 and 4.40 for bid and ask, while spelter held firm at 7.45.
A dense rail timetable lists arrivals and departures for lines from Mexico Palestine Laredo Kerrville Kerrville Sunday service and connections with Houston Galveston Cuero Victoria El Paso and Santa Fe. It shows times for north south east and coast routes and notes mixed and express services.
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