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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 06, 1912
Page
23
Explanatory notes describe observations at 8 p m local time with air pressure at sea level. The report lists sky conditions and precipitation thresholds, maximum 92 and minimum 70 degrees, normal 73, plus monthly and year to date precipitation and excess/deficiency figures for January to date.
The New York market faced week long pressure from European rumors and war fears but recovered to new highs as conditions improved. Bank reserves remained ample while money supply tightened at times. railroad freight car demand and grain flows strained capacity. Steel shares and Union Pacific led gains with Colorado Fuel drawing interest from conservatives.
The weekly statement of actual condition for clearing house and trust companies reports a reserve of 4.14 million dollars in excess of legal requirements, down by 5.36 million from the prior week. Loans and deposits show widespread declines, with aggregate cash reserves around 406.4 million for banks and 404.3 million for trust companies.
Summary shows W Greater New York not reporting to the house. Total deposits fall to $657,384,000 with a decrease of $6,555,000. Pecie declines by $1,443,700 and legal tenders drop $121,000. Other figures include $599,416,900 and $64,559,000 with respective decreases of $8,185,600 and unspecified.
Dallas Texas reports a noon temperature range of 80 to 91 degrees with partly cloudy skies across the cotton belt as of October 5.
The article notes lead at 4.47 and spelter at 7.45 in St. Louis, then shifts to a humorous dialogue where Miss Welworn greets Lucy on her birthday, with Lucy asking the age and Lacey remarking on time passing.
The week saw higher meat demand with cows at 4.35, calves and hogs at 8.50, and overall market activity steady. Oklahoma supplies boosted Kansas City receipts as Chicago trailed, with favorable weather aiding liberal butcher business and demand for steers to return to the country.
Jim Dobie, major Cotulla cattle shipper, travels to Cuero to discuss feed prices and rising beef values. Henry Edds and other stockmen forecast higher prices as packers tighten supplies amid rain shortages and strong demand from Chicago market sources.
J. Molesworth returns to the city from his Spur ranch after enduring cold weather. He plans to wait for Kansas movement to settle before entering cattle sales, while noting Americans across the river fled and the public hearings cover Mexican losses.
Fort Worth Texas October 5 salesmen reported a steady to mixed market. Cattle receipts 600 with steers 4.20 to 6.10 cows 2.50 to 4.90 bulls 3.25 to 4.00 calves 3.60 to 6.60. Hogs 850 steady to 5 cents lower with top 9.00 and bulk 8.55 to 8.90. Sheep receipts 200 direct.
Chicago Oct 5 receipts and quotations for cattle hogs and sheep show a dull steady cattle market with beeves at 5.50 to 11.00 Texas and western steers 4.50 to 9.00 and stockers 4.35 to 7.75 cows and heifers 2.86 to 4.00 calves 8.00 to 11.25 hogs 9000 head slow to steady with range 8.45 to 9.26 and bulk 8.85 to 9.15 sheep receipts 1000 native 8.25 to 4.20 western 3.40 to 4.20 yearlings 4.25 to 5.25 native lambs 4.60 to 6.75 western 4.75 to 7.06.
Cattle receipts 1000 with 400 exporters, steady market. Native steers 5.76 to 10.90, southern steers 4.25 to 6.00, southern cows and heifers 3.25 to 5.25. Hogs receipts 2000, steady to 6 cents lower. bulk 8.50 to 8.85, heavy 8.30 to 8.90, packers and butchers 8.50 to 8.90, light 8.40 to 8.80, pigs 6.00 to 7.26. Sheep receipts 4000, steady. mutton 3.00 to 4.00, lambs 5.50 to 6.60, range wethers and yearlings 3.50 to 4.50, range ewes 3.00 to 3.75.
Receipts total 1200 cattle including 500 Texas and Oklahoma stock steady market. Native beef steers 5.50 to 10.76, Texas and Oklahoma steers 5.00 to 7.00, cows and heifers 3.25 to 5.00, calves 5.00 to 6.50. Hogs 2500 receipts with a 10 cent gain. pigs and lights 7.00 to 9.25, mixed and butcher 9.15 to 4.30, heavy 9.10 to 9.20. Sheep receipts 1200. native mutton 3.65 to 3.95, lambs 5.50 to 6.35.
Galveston Tex October 5 steamers arrived yesterday El Monte Baltimore E Oriente New York Elswick Manor Br New Castle Tredgar Hall Gibraltar Jamai clan Br Liverpool Beatrice Nov Bocas del Toro Gloria de Larrinaga Liverpool Cleared Northtown Tampico Middleham Castle Br Antwerp El Cid New York Noglemore Br Liverpool Sailed City of Tampico Nor Mexican ports Statesman Br Alma Nor Havana
New York reports wholesale leather prices with Bogota origins. Central America hides improve as Hemlock firsts reach 26 to 27 cents per pound, seconds 25 to 26, thirds 22 to 23, rejects 15 cents.
Galveston Texas reports cotton receipts for the first five days of October totaling 173,157 bales, up from 102,757 in the same period last year. Season receipts since September 1 reach 790,135 bales.
The Kansas City fruit aid, produce exchange and 16 members were found violating anti trust laws. Judge Thomas J. Seehorn fined them $5,000, forfeited the charter, and permanently enjoined meetings to fix prices of eggs butter poultry and cheese. The injunction takes effect today.
The domestic refined sugar market held steady with refiners quoting five cents less two per cent for cash for fine granulated. the Federal company listed 4.95 in the regular way. Spot raw sugar remained at 4.14 for centrifugal, 3.64 for Muscovado, and 8.30 for molasses sugar. European beet sugar market was steady with October and November beets up 4d to 98 7% and May beets up %d.
The coffee market stayed quiet in New York with a slight uptick on light offerings. Cables show declines in Havre and Hamburg, Rio up 76 reis, Santos steady, No 7 Rio at 14.50 amid a steady close for October through May. Sales reached 14 000 bags.
Chicago quotations show butter steady at 25 to 30 cents per pound for creameries, eggs firm with 19 24 cents for various grades, cheese steady with several varieties at 16 to 17 cents, potatoes weak with mixed regional receipts, and poultry items like turkeys at 16 cents and chickens at 12 to 12.5 cents.
Raw sugar prices hold steady with Muscovado 9 test at 3.64 and centrifugal 96 test at 34.14. Molasses 89 test at 8.29, refined steady with crushed at 5.70, granulated at 65.00 and powdered at 5.10. Petroleum refined barrels at 8.35. Molasses steady.
New York onions eggs market report notes irregular trading with receipts totaling 6615 cases. Fresh gathered seconds and condiments are listed alongside other fresh products.
Coffee futures in New York opened steady on October 5 with Rio No. 7 at 14 1 4 cents per pound for December and March deliveries quoted around 14 1 4 cents.
On October 5 in New Orleans rough rice prices held firm with Honduras and Japan varieties. Receipts totaled 8636 rough and 1714 millers bags. sales included 1237 rough Honduras at 2.40 to 4.31, 494 rough Japan at 2.75 to 4.00, 3877 clean Honduras at 2.60 to 4.31, and 100 Japan at 3 to 4. Japan prices are listed as 1.75 to 4.16 per bushel with Honduras clean at 6 to 6. (Note: OCR shows numeric inconsistencies)
New York reports cotton prices near fresh lows as the week ends with heavy receipts and improving crop conditions. Markets note limited spinners demand from Europe and America, a bearish census report, and cautious optimism about a potential yield around 14 million bales, dependent on frost risk.
The New Orleans cotton futures market closed steady with prices ranging from 31 to 35 points lower than last week. Specifics show changes for October and December contracts with mild declines noted in the recent session.
New York middling 11.25 New Orleans middling 115 16 Liverpool middling 6 56 Houston middling 11% Galveston middling 11 3 16 Memphis middling 11%
New Orleans on October 6 reports spot cotton steady with gains of 1 to 18 cents. Middling quoted at 11 8-16 cents with 667 bales sold on the spot and 950 bales to arrive. Receipts total 3260 and total stock 63,265 bales.
Spot cotton remained steady with price ranges from low ordinary at 6 1/4 cents to good middling at 11 cents. Sales totaled 447 bales with shipments of 22 580 and a stock of 99 970 at Houston.
Galveston market reports spot cotton closing quiet up 1 16 to 3 16 cents across categories. Low ordinary 49 16c, ordinary 79 160, good ordinary 1 18e, middling 11 16c, good middling 117 16c, middling fair 1111 16c. Sales total 271 1.0 b 1800. Receipts 25,541. Stock 262,202.
New York dispatch reports quiet cotton trading on October 6 with upland at 11.26 cents and middling gulf at 11.59 cents. No sales reported.
MEMPHIS TENN Oct 5 Spot cotton held steady at middling 11 and three quarters cents per pound with no change from prior levels.
Cotton seed products in Memphis show prime basis 5.03 to 5.07 with meal and linters nominal. New York reports cotton needs firm. spot prices around 6.50 to 7. October prices 6.38 6. Sold at 96.89. January 6.04 6.06. May 6.19 6.20. Trading by calls includes October 500 at 6.37 and 5.39, December 200 at 6.04 and 6.06, January 600 at 6.09, May 500 at 4.20. Total sales 6600.
New York on October 6 reports prime mercantile paper at 5 and 6 percent. Sterling exchange steady with actual business in bankers' bills at 4.82.25 for 60 day bills and at 4.86.5 for demand. Commercial bills 4.81 percent. bar silver 64. cents. Mexican dollars 4 cents. Government and railroad bonds steady.
In New York on October 5 metal prices showed little change. Copper averaged 7.62 percent for electric tolytic copper and casting at 1T. rate, with a slight uptick to 26.17 percent.
Copper remains easy with spot at 78 pounds sterling and futures 79. Tin holds firm with spot at 230 pounds sterling and futures 228 pounds 10s. Lead quoted at 21 pounds 7s 6d and spelter at 27 pounds 12s 6d. Tron Cleveland warrants noted at 668 34 in London.
New York on Oct 6 reports money on call nominal with time loans for 60 and 90 days at 5 percent and six months at 4 1 2 percent.
ST LOUIS October 5 wool market shows steady tone with medium combing and clothing at 34 percent to 360, light 19 2lc, heavy fine 18 18c, tub washed 26 to 35c.
Hes ter s weekly statement shows movement into sight at nine state ports for September 1 to date totaling 1,401,891 bases, with year over year declines and increases varying by period. Foreign exports this week reach 73,020, while total season takings in American mills total 360,129, and seaboard and southern centers show a weekly gain of 81,142 bales.
The Dun weekly trade review reports broad improvement in business with high demand for immediate and future deliveries into next year. Steel production nears capacity with firm prices, pig iron and Bessemer materials rise, and woolen and cotton goods show rising activity. Footwear and leather stay strong as hides hold value.
Exports for the week reached 972,363 with the same week last year at 406,307. Cumulative exports since September 1 total 872,468, compared with 1,172,746 to the same date last year.
Net receipts at all U S ports for the week amount to 447 882 up from 447 729 the same week last year. Total receipts since September 1 reach 1 401 795, compared with the prior year’s figure to the same date.
Temperatures and rainfall report for the Houston district for the 24 hours ending at 8 o clock this morning. Weather is unsettled with some rain in the eastern part and temperature in nearly all areas. Rainfall observed at Allen Bul and other stations, with amounts possibly around an inch or more. Forecaster notes unsettled conditions across the district.
Chicago dispatch notes wheat market strain from Balkan tensions with 1912 production estimates at 742,000,000 bushels offsetting war news. Weekly transactions narrowed as bears anticipate lower prices. exports via gulf ports around 500,000 bushels. Corn, oats and hog products show mixed activity with buyers favoring provisions.
Quotations were as follows in St Louis cash markets for wheat and oats. Wheat No 2 red 1.06 to 1.07 1 5 No 2 hard 92 to 93 No 3 track 68e No 2 white 73 to 75e. Oats No 2 track 520 83e No 2 white 34c per bushel. December corn 80 to 80e May 81 to 81e. December oats 324c May 84e.
Kansas City cash grain prices as of October 5 show little change across cereals with wheat steady to slightly lower and corn holding firm. No. 2 mixed corn trades around 66 to 67 cents, No. 2 white around 61 to 62 cents, and wheat Dec at 86 1/2 cents with May 90 to 90 1/2 cents. oats Dec 32 1/2 cents, May 34 to 36 cents.
Quotations today show cash wheat No. 2 red at 1.04 4.06 and No. 1 northern at 92 93 cents. No. 2 northern 90 93 cents. Velvet chaff 84 91 cents. Corn No. 2 66 67 cents. No. 2 white 66 67 cents. Oats No. 2 white 35 35 cents with standard 33 34 cents.
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