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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 11, 1912
Page
12
Explanatory notes describe observations at 8 p m with air pressure and temperature indicators. Forecasts for Friday night and Saturday call for fair but colder conditions in San Antonio and vicinity and generally fair, colder weather across East Texas, with extremes in the northwest portion.
San Antonio roasters enjoy brisk sales amid rising green coffee prices and aggressive advertising. Trade circles warn Santos crop frost damage will tighten supply and push prices higher next week while seed merchants report slow planting due to labor shifting to cotton.
Kansas City reports butter at 28¢ for firsts 26¢ second 22 1/2¢ packing stock 22 1/2¢ Eggs show extras 26¢ firsts 24 1/2¢ seconds 18¢ New York dairy prices say eggs dull and unchanged with 8713 cases received.
The crop reporting board says the nation’s minor crops and major cereals are unusually large, ranging 5 to 82 percent above last year. As of October 1, most states show better conditions except a list including North Carolina to California, with South Dakota leading at 113 percent above last year.
Weather report for stations in the Houston district over 84 hours ending this morning notes generally fair conditions with temperatures above normal. Rainfall recorded at Snyder Texas reached 1.00 inch, per Allen Buell local forecaster Weather Bureau.
At Union Stock Yards on October 11 the cattle market showed dullness due to lack of good flesh. Packers bought liberally last week but skipped under grade stocks today, while butchers moved in when commission prices dropped. Cows opened up to 4 dollars, common stock 3 to 3.50, calves up to 4.50, hogs top at 8 dollars with fancy hogs rare. no sheep or goats offered.
St Louis markets show heavy demand for Texas and Oklahoma steers with A J K Baldridge selling twelve carloads of grass cattle averaging 941 pounds at 6.10 per hundredweight from Oklahoma pastures. H Kokernot, back from Brewster county, reports good range and plans to pursue buyers in city for several days. The Cuero Cotton Oil & Mfg Co advertises screens and meal at low prices with shipment options.
New York quotes show prime mercantile paper at 5 to 6 percent and sterling exchange steady at 4.82 for 60 days bills and 4.85.60 for demand. Commercial bills quoted at 4.81 percent. Bar silver 62 1 2 cents. Mexican dollars 48 1 2 cents. Government bonds steady and railroad bonds easy.
Fort Worth Texas October 11 live stock market report shows cattle receipts 1400 with beef steers 5.27 to 7.26, stocker steers 4.25 to 5.00, cows 3.25 to 4.50, calves 4.50 to 6.50. Hogs receipts 1200 up higher with top 9.10 and bulk 8.85 to 9.07. Sheep receipts 400 direct.
Receipts and prices for cattle hogs and sheep listed with steady or strong market tones. Cattle receipts 1000 including 400 southern steers with native prices $6.00 to $10.90 and southern cows $3.40 to $5.00. Hogs receipts 25 000 with bulk sales $8.50 to $8.90 and heavy at $8.75 to $9.00. Sheep receipts 3000 with steady market and lambs $5.50 to $6.75.
Chicago cattle receipts 2500 with slow to steady demand. Beeves 5.65 to 11.00, Texas and western steers 4.50 to 6.00 and 5.80 to 5.90. Stockers 4.40 to 7.80, cows 2.90 to 8.10, calves 7.60 to 10.60. Hog receipts 11,000, market strong up five cents. Light 8.65 to 9.35, mixed 8.70 to 9.35, heavy 8.50 to 9.37, pigs 4.75 to 7.75, bulk 8.95 to 9.26. Sheep receipts 12,000, market steady. Native 3.25 to 4.30, western 3.40 to 4.36, yearlings 4.25 to 5.35, native lambs 4.50 to 6.66, western 4.75 to 6.95.
Receipts total 3500 cattle including 1500 Texas stock, market steady. Native beef steers 5.50 to 10.80, Texas Oklahoma steers 5.00 to 7.00, cows and heifers 3.25 to 6.00, calves in carload lots 5.00 to 6.50. Hog receipts 2500, market steady with pigs and lights 6.25 to 9.20, mixed and butchers 8.85 to 9.25, good heavy 9.00 to 9.20. Sheep receipts 1400, market steady with native muttons 3.50 to 8.65, lambs 5.00 to 7.00.
Butter steady with creamery 24 14 29 cents and daisies 22 ln 27 cents. Eggs steady with 8410 receipts. ordinary firsts 21 2 cents and firsts 24 cents. Cheese firm with daisies 17 a 16 % cents and Long Horns 17 cents. Potatoes steady receipts 75 cars. Minnesota Wisconsin 40 45 cents and Michigan 42 cents. Poultry live easy with turkeys 15 cents chickens 11 1 cents and springs 18 cents. Veal steady 9 14 cents.
Chicago reports firming in wheat with December futures up to around 92 cents. Rainy weather supports corn gains while oats show support as commission houses buy. Provisions move higher with hogs and pork futures, as December wheat closes nervous and corn eases on short covering.
Reports from New York and New Orleans indicate cotton opened steady with slight losses then firmed on cover, but midmorning gains faded as buyers depleted. By midday prices were modestly higher, then declined in the afternoon amid liquidation, with closing bids mixed across active months and futures ending weak.
New Orleans Oct 11 Cotton futures opened steady with minor gains as exporters reported acceptances of cotton by covering overnight. A favorable weather map and thin buying kept prices rising briefly before selling pressure from weak foreign securities and Balkan concerns pushed noon levels 3 to 4 points under yesterday's close.
Cotton futures in New Orleans opened steady with October at 10.99 11.01 and July at 11.42 45. The market eased to a weak close with declines of 16 to 18 points, finishing October 10.84, December 10.60 80, January 10.83, March 11.01.
Liverpool Oct. 11 good business done with prices steady. American middling six and a half pence, middling sixpence thirty-below, low middling six pence and good ordinary six and two thirds pence. Sales 14,000 bales, receipts 18,000 bales all American.
New York banks and trust companies report a weekly reserve excess of 4.6656 million dollars, down 116200 from last week. The clearing house statement shows daily averages near 1.9866 billion dollars, with notable decreases across several measures.
New York markets opened with heavy selling as foreign liquidation struck, led by a sharp decline in Canadian Pacific. Eastern Europe turmoil weighed on sentiment with broad declines across the list and bonds easing as trading remained active. Berlin and Paris also reported broad market drops amid Balkan and panicky early trading conditions.
The comptroller's department received Navarro county 1912 tax rolls reporting total valuations of 22,620,000 dollars, up 461,595 from the previous year when valuations were 22,169,595 dollars.
The Liverpool market shows futures opening and closing steady with quotes for October through July contracts, including Oct at 6.08, Nov 6.054, Dec-Jan 6.99d, Jan-Feb 6.00%, and other adjacent-month spreads listed with decimal prices and dashes.
Lead market quotes show New York 11c for middling, New Orleans 10c. Liverpool 680d. Houston 118-16e. Galveston middling 111-11ée. Memphis 11c middling.
New Orleans reports spot cotton steady at middling grade 10 1/2 cents per pound as of October 11. Market activity and futures sentiments were subdued with traders awaiting new data and export demand signals.
Cash wheat prices listed include No 2 red at 1.05 to 1.08, No 2 hard 93 4% 95 cents, No 1 northern 94% 96 4 cents, No 2 northern 92 92 %, No 2 spring 91% 2 cents, velvet chaff 86 92 cents, durum 85 91. Corn prices show No 2 at 68% 64 cents, No 2 white 64% , No 2 yellow 64 65 cents, oats No 2 white 35 cents, standard 34 cents.
Money on call rates at 4.5 to 5 percent with closing bids around 5 percent. Time loans ease as 60 day bills quote 5 percent and 90 day bills at 4.5 to 5 percent. Six month bills listed at 5 percent amid shifting market demand.
In New Orleans on Oct 11 rough rice declined with arrivals of 11 295 millers 6491 and sales of rough 731 Honduras at 2 50 to 3 75 and 265 Japan at 3 00 to 3 75. Clean Honduras 3044 at 2 6c, 307 Japan at 39-16e. Quotations Honduras nominal Japan a clean Honduras 4 5c Japan 8% de.
The Galveston ships reported arrivals yesterday including Gerty Port Inglis Aspremonte Philadelphia Mercator New Orleans Russian Prince Amsterdam Vera Cruz Crown of Castile Guantanamo and more. Departures include Penrith Castle Ghent Principessa Lentitia Genoa Torridge Bremen Portland Rotterdam Alster El Dia Sabine and Risk.
Copper remains quiet with spot at 17.25 and October 17.25. November 17.95. Electrolytic and lake copper quoted mixed. Tin weak with spot 49.25 to 49.65. October 49.38 to 49.65. Lead 5.02 to 5.10, Spelter 7.50 to 7.60, Antimony steady at 10.00 to 10.12. Iron firm and unchanged.
Readable fragment notes observations taken at 8 a m on Friday October 11 1912. No additional data or context is provided in the visible text.
New York spots closed quiet as middling uplands trade at 11.00 and middling gulf at 11.26 with 600 bales sold.
In St Louis on October 11 wheat and corn futures rose while oats held firm. No 2 track wheat traded around 1.07 to 1.10 with higher December and May bids. No 2 hard wheat near 93 to 95 cents. corn No 2 track about 64 to 65 cents, white 66 to 67 cents. oats No 2 track about 82 to 88 cents, white 86 cents.
Memphis spot cotton in Tennessee is steady at middling 11 cents with no change observed on October 11. The report notes price stability for the day, reflecting a balanced market in the region.
In Memphis on October 11 prime basis oil traded around 5.00 to 5.05 per unit with meal and linters listed as nominal.
Kansas City prices show cash wheat steady to higher by fractions with No. 2 red near 1.03 to 1.05 and No. 3 red around 96 to 1.08. Corn steady to higher with No. 2 mix around 62 cents, No. 3 at 40 cents, No. 2 white 67 to 68 cents, and No. 8 white 64 to 66 cents. December and May futures for wheat and corn posted slight gains and mixed moves through the day.
The New York cotton goods market was quiet and steady on October 11 with yarns sold for December delivery and prices well maintained. Jobbers reported fair business.
London a trading update shows Consols for money at 73 percent and for account at 74 percent. Bar silver quotes at 294 pence per ounce. Money market rates posted 1 percent and 2 percent, short bills at 3 percent, and three months bills at 4 percent.
London reports bullion movements with 76,000 pounds taken into the Bank of England yesterday and 98,000 pounds shipped to Germany while 400,000 pounds sent to South America as part of international transfers.
Raw sugar quiet with Muscovado 89 test at 3.61 and centrifugal 96 test at 8 per pound. Molasses sugar 89 test 3.36. Refined sugar quiet. Petroleum and molasses steady. Hides and leather firm.
The market report from St. Louis notes wool remains steady with medium grades combing and clothing at 23% to 26% cents, light fine 19 to 21 cents, heavy fine 13 to 18 cents, and tub washed around 27 to 28.5 cents.
Paris reports three per cent rentes at 59 45c for account with exchange on London at 25f 27 4c for checks. Private discount rate noted at 3 per cent.
The New York Journal of Commerce notes rising call money rates lift earnings for large banks and trust companies. It reports 1912 could beat 1910 as the most lucrative period, with 6 percent call money seen as often facilitating both bank prosperity and stock market bull runs.
Copper steady at spot 77 pounds 5s and futures 78 pounds 2s 6d. Tin quiet with spot 228 pounds 5s and futures 227 pounds 5s. Lead at 21 pounds 7s 6d and spelter 27 pounds 128 64. Iron Cleveland warrants 66s in London.
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