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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 02, 1912
Page
9
Maine growers report they have taken 70 percent more seed potato orders than they can fill this season. Texas planted seed stock growers face declines as contracts already fill only about 30 percent of orders. Triumphs and Cobblers demand remains strong while supply strains spread into the southern states.
Quotations were as flows today with poultry prices at 12 and 16 cents for chickens and turkeys, ducks 18 cents, geese 5 1 2 cents, butter higher at 27 31 cents, creamery eggs steady at 22 cents.
Quotations for dairy products in Kansas City on October 2 show butter at 29 cents per pound for firsts 27 cents, seconds 22 to 23 cents, extras 25 cents, with a 17 cent rate for seconds and 23 cent for some firsts.
The market reports sugar and petroleum prices stable on October 2 in New York. Raw sugar remains steady with Vado 89 test at 3.67 cents and 89 test molasses sugar at 3.42 cents. Refined sugar and molasses keep a steady stance as petroleum also holds.
The Census Bureau reports 3,015,033 bales of 1912 cotton ginned before September 25, up 661,561 from last year. Sea Island figures show 3,026 bales, with state-by-state comparisons and prior-year percentages given for context.
Inquiry for domestic wool is not brisk though values hold steady. Reports show some sizable transactions in medium fleeces and demand for territory stock lines. Texas 12 months trading fallen off with quotations for Kentucky fleeces and various wool grades listed in the market report.
New York trading update notes activity from Bogota and Central America with prices 27 and 28 for hides and leather firms. Market conditions appear firm as buyers and sellers engage in price discovery amid regional supply signals.
Fort Worth Texas October 2 Moderate cattle and hog supplies for the early market with many trains back and liberal receipts. Cattle open steady to 41 classes but cows and stockers finish weak. Hogs steady with best bids around 8.90 per head. sheep yards see 200 head goats and steady prices. Receipts: cattle 6000 calves 2000 hogs 3500 sheep 200.
Union Stock Yards reports a light day as buyers sought price cuts but sellers held firm. Cattle and calf receipts reach 875 with best cows around 4.25 and calves to 4.50, hogs strongest at 8.50, bulk near 8.00, no sheep or goats offered by noon, 92 horses sold through liverymen.
Receipts and quotations show cattle market steady to ten cents lower with hogs mainly five cents higher and sheep weak to ten cents lower. Cattle prices range from $2.85 to $11.50, hogs from $5.26 to $9.06, and sheep from $3.25 to $7.15, reflecting varied demand across cattle, hogs, and lambs in Chicago.
Receipts and quotations show steady cattle hogs and sheep today in St Louis. Cattle natives and Texas Oklahoma drafts priced from 3 25 to 7 00 with calves 5 00 to 6 50. Hogs pigs and lights 8 90 to 9 00. Native muttons 3 50 to 3 75 lambs 5 50 to 6 76.
Kansas City market receipts total 12 000 cattle including 1200 southern with steadier tone cattle. Hogs receipts 7000 with prices 8.50 to 8.80 for bulk and packers grades. Sheep receipts 12 000 with muttons 3.25 to 4.00 and lambs 5.50 to 6.75. ranges for wethers yearlings and ewes listed.
Cotton seed products report pricing in Memphis and New York with oil at 5.00 6.04 base and spot oil around 6.23 to 6.30. October futures range 6.20 to 6.22, with varied Sunday-like sales and total volume 13,400. Lead steady at 5.00 and speltier quoted at 7.45 in St Louis.
Cereal futures rose as rumors of Bulgarian forces crossing into Turkish territory boosted wheat sentiment. December opens at 90% to 91% cents, corn up to 52% cents, oats around 31% cents, with hog and packing errors pushing provisions higher. Closing values show a firm day with wheat reconsolidating near 90% with mixed corn moves.
Kansas City prices show cash wheat higher with No 2 hard 86 to 90 cents and No 2 red around $1.00 to 1.03. Corn steady to slightly lower with No 2 mixed about 74 cents and No 3 around 66 to 67 cents. Oats unchanged with White at 34 to 35 cents. December future for wheat 85 to 85. May 90 to 90. Corn December 48 cents, May 48 to 48. July 49 cents. Oats December 32 to 34, May 34.
Cash wheat and corn prices listed by grade with bid and ask ranges in a Latin notation. Prices show No 2 red wheat at 1.02 to 1.04, No 2 southern and northern varieties at 86 to 93 cents, durum at 81, corn No 2 at 67 to 67.5 cents, No 2 white 68 and 68.5 cents, oats No 2 white at 334 to 34.5 cents, standard at 33 to 33.5 cents.
Cash wheat and corn futures show gains with No 2 track prices quoted for wheat at 1.04 to 1.06 percent and corn at 69 percent. Oats rise with No 2 track at around 32 to 33 percent. Dec and May contracts for wheat, corn, and oats vary, with slight firmer quotations across months.
Copper remains steady with spot at 17.25 and futures around 17.50 for October and 17.82 for November. Tin sits dull near 50.20 spot with October and November ranges, lead and spelter firm, antimony at 16.12% and iron unchanged.
Copper remains quiet at spot 78 pounds 17s 6d with futures at 78 pounds 15s. London tin shows weakness with spot 227 pounds 7s 4d and futures 226 pounds 2s 6d. Lead quoted at 21 pounds 15s and speller at 27 pounds 10s. Tron: Cleveland warrants 66s 74:4 in Lon on.
Dallas October 2 temperatures at noon ranged from 68 to 85 degrees with clear conditions across the Texas cotton belt.
In St. Louis on October 2 wool market notes show steady rates for medium combing and clothing at 23 1 2 cents, light fine at 18 1 2 cents, heavy fine 18 18 1 2 cents, with tub washed wool priced from 6 to 35 cents.
New York price report shows No. 7 Rio coffee futures holding steady on October 2 with December at 13.92 and March at an implied level. Market observers note muted trading activity and stable supply concerns influencing near term bids.
New York opened easy and fell 4 to 7 points, slipping 9 to 11 points net as liquidation followed Liverpool cables and war talk. Traders cited a stronger than expected crop condition at 69.6 percent and pressure from local sellers before a midday report, with sporadic rallies later as cover trades trimmed losses.
Cotton futures in New York opened easy led by nearby contracts with January around 11.07 and March at 11.20. Prices faded through the day with most months finishing lower, as dealers reported light turnover and mixed demand.
Cotton futures in New Orleans opened steady to lower as weather remained favorable and the census ginning report near eight million bales sparked modest short selling. By mid morning prices fell 6 to 10 points below yesterday, with bearish predictions rising after the 69.6 condition figure and Balkan war rumors triggering liquidations.
Cotton futures in New Orleans opened steady with October at 11.18 and November around 11.15 to 11.17, while December and January traded near 11.20 to 11.25. The session closed steady with a net decline of 28 to 30 points, showing activity through May contracts near 11.50s.
Liverpool notes higher demand for spot cotton with American middling fair at 6.944 and middling at 6.464 pence. Sales reach 14,000 bales, including 10,500 American. receipts 4,000 with no American purchases among receipts.
Futures opened quiet and steady in Liverpool and closed easy. The report lists shifts for several near term contracts from Oct. 6 to July-Aug with rates around 6.04 to 6.10 percent and multiple month spreads.
New York money market sees calls strong with a ruling rate at 6 percent. Closing bids quoted at 54 percent with offerings at 5 percent and time loans firm. Bills for 60 and 90 days at 5 6 percent and six months at 54 5 percent.
Washington October 2 The growing cotton crop in the United States on September 26 was 69 6 percent of normal per the Crop Reporting Board of the Agriculture Department. This compares with 74 8 percent on August 25 and 71 1 percent last year, with state details listed.
New York middling 11.25 New Orleans middling 11 4c Liverpool middling 6.464 Houston middling 113 Galveston middling 11c Memphis middling 11%
Spot cotton prices ease with middling at 11 3 4 cents. Sales on the spot 400 bales, arrivals 500. Receipts total 6544. stock stands at 51680 bales. Various grades quoted from low ordinary to good middling with nominal and specific fractions.
Spot cotton finished lower across grades with declines from 3 16 to 11 1 16 cents. Records show sales none for direct futures, shipments at 22 911, stock at 110 790.
Galveston spot cotton closed quiet with declines from 3 to 16 cents. Quality grades ranged from low ordinary to good middling with values from 6 to 11 cents. Sales totaled 892 spots while receipts reached 25,683 and stock stood at 227,243.
New York reports spot cotton closed quiet on October 2 with middling uplands at 11.25 and middling gulf at 11.50, no sales recorded.
MEMPHIS TENN Oct 2 Spot cotton remains steady with middling grade at 11 1/2 cents as buyers wait for futures direction. Early action shows unchanged prices amid light buying interest at Memphis markets.
Wall Street opened with heavy losses as London and European selling depressed early trading. Steel led declines with 9 000 shares traded at 78 1 2, St Paul boosted later as the market recovered, and overall activity remained feverish with heavy late-day pressure on Union Pacific, Reading and other leaders.
Close: prime commercial paper at 6 percent, sterling exchange firm with bankers bills at 4.82.25 for 60 days and 4.86.65 for demand. Commercial bills 4,814. Bar silver at 64.4 cents. Mexican dollars 48.5 cents. Government bonds steady. Railroad bonds firm.
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