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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 14, 1912
Page
9
Explanatory notes from the Weather Bureau describe pressure and temperature contours. Forecast issued for Monday night and Tuesday indicates fair weather for San Antonio and vicinity and generally fair conditions for East Texas with possible showers along the coast.
Wholesale district opens with strong volume as Secretary Wilson predicts potato production will exceed last year by about 6 million bushels. Prices ease from prior levels, with ample supplies and rising demand for vegetables, delays in freight cited as market restraint.
Alveston Texas October 14 receipts at this port reached the million bale milestone with 70 bales today bringing the total to 1 011 487 bales. Only once before has the port hit the mark on October 13 1908. Most of this cotton has already been exported leaving stock in Galveston at 280 175 28.
Bulletin notes panic on the Berlin bourse was checked by leading banks. Weather data lists rain, cloudiness, and temperatures across U S regions with forecaster Allen Buell reporting conditions.
New York stock market opened with declines of 1 to 2 points in copper smelting Missouri Pacific Southern Pacific Great Northern and other issues. Heavy selling eased after the open and some stocks recovered. midday trading showed strength with readings well above last week, especially Reading as a strong feature though bonds remained heavy.
New York reports money on call at 3?5 percent with closing bids around 4?5 percent. Time loans show firm rates for 60 days at 5? percent, 90 days near 5? percent, and six months around 5? percent.
On October 14 in New York the market showed firm sterling exchange with bankers bills at 4.82 for 60 day bills and 4.86 for demand. Prime mercantile paper stood at 6 percent while commercial bills traded at 4.81 percent. Bar silver moved to 63 and Mexican dollars at 48. Government bonds were steady and railroad bonds traded heavy.
Copper quotes mixed with gains and losses across grades. Standard spot bids at 17.25 with forward terms around 17.50 for Oct/Nov and 17.20 17.50 for December. Tin weak near 48. Lead quiet at about 5.02 bid. Iron firm with No 1 northern at 17.50 18.00 and No 1 southern around 18.59 18.90.
Quotations from Chicago show butter steady with creamery and dairy prices around 24 to 29 cents for various grades. Eggs steady with receipts of 5166 cases at market. several grades listed. Cheese steady with several dairy names cited. Potatoes steady with regional price ranges. poultry and veal prices noted, turkeys at 11 cents and chickens around 11 to 13 cents.
Raw sugar remains steady with Muscovado 89-test at 3.61 cents and 6-test centrifugal at 4.1 cents per pound. Molasses sugar 89-test 3.36 cents. Refined sugar steady. Petroleum molasses and hides steady. Leather firm.
The report notes futures for Coffee No 7 Rio and December delivery with a price around 14.20. It also states that in France last year births exceeded deaths by thirty five thousand, indicating a demographic surplus.
Cattle Hog Sheep values listed by market. Chicago shows higher volumes around 20,000 32,000 48,000 with Kansas City St Louis and Oklahoma City also reporting notable totals. Prices and exact figures appear fragmented due to OCR errors but indicate regional trading activity across major markets.
Union stockyards Oct 14 saw a heavy day with 940 cattle 138 calves 60 horses 3 hogs and 571 sheep yarded for rest and through billing. Buyers were active with best cows at 4 dollars calves 4 75 and hogs 8 25 while most cattle ran common grades keeping prices low. Commission men added 183 cattle 188 calves 571 sheep and 3 hogs for disposal. Sheep sales not yet reported at noon.
Chicago today reports cattle receipts at 26 000 with a steady to 10 cent lower market. hog receipts 32 000 with a slow market and five cent decline. sheep receipts 48 000 with a strong market lifting native and western lambs and yearlings to multiday highs.
Cattle received 12 000 in St Louis with Texan stock noted. steers 6.00 to 7.00, cows 3.25 to 5.00, calves 5.00 to 6.50. Hogs 8 000 with prices from 6.75 to 9.30. Sheep 7 000 with muttons 3.50 to 3.75 and lambs 5.50 to 7.00. Kansas City reports 25 000 cattle, 5 000 hogs, and 15 000 sheep with steady to slightly lower cattle, hogs 8.75 to 9.00, muttons 3.25 to 5.26, lambs 5.50 to 7.00.
The Cuero Cotton Old and Manufacturing Company of Cuero Texas promotes choice or prime screened cracked cake or meal at low prices with options for immediate or future shipment.
Fort Worth Texas on October 14 reports cattle receipts at 2000 with beef steers strong to 6.30 and cows to 4.79, calves at 4.50 to 6.75. Hog receipts 2200 with market steady and top at 9.10 and bulk around 8.85 to 9.05. Sheep receipts 400.
New York Oct 14 a seasonal quiet in primary cotton goods markets shows strength and steady demand. Mills face delivery delays, retailers report solid trade, and eastern exports rise with China business hitting 10 000 bales. Prices listed for print cloths and denims.
The Weather Bureau predicts unsettled rainy weather across gulf and south Atlantic states early next week due to a tropical storm entering the gulf of Mexico from the Caribbean. Elsewhere the week should be fair with a western disturbance bringing precipitation midweek and a cool spell spreading nationwide after the disturbance passes.
Wheat led gains as fear of closing the Dardanelles boosted prices with December near 95 cents, May up to 101 dollars, and corn and oats following. War talk lifted pork and lard futures, while relief after the United States sighted higher visible supply cooled grains before closing mixed and steady.
Wheat prices list No 2 red at 1.07 with 1.09 percent, No 2 hard 95 1/%, No 1 northern 96 and No 2 northern 93 to 95 cents, No 2 spring 92 with 4 cents, velvet chaff 86 94 cents, durum 85 91. Corn No 2 64 4 percent with 65 cents, No 2 white 65 Mc, No 2 yellow 64 with 65 cents. Oats No 2 white 85 with 36 cents, standard 34 with 35 cents.
Market quotes show cash wheat firm with No 2 red at 1.10 to 1.12, No 2 hardy at 94 to 97 cents. Corn steady with No 2 track around 5 cents and white around 65 to 66 cents. Futures close for December wheat at 96 cents and May at 99 1/4 cents. December corn 60 to 61 cents. May corn 51 1/2 cents. oats December 24 1/2 cents, May 34 1/2 cents.
Quotations show cash wheat up 0.12 to 0.14 with grades No 2 hard at 90 to 94½ cents and No 2 red at 1.05 to 1.07½. Corn gains 0.12 with No 2 mixed 61 to 62 cents and No 2 white 68 to 68½. Oats steady to up to 4 cents with No 2 white 33¾ to 34 cents. December and May futures listed for wheat corn oats.
Poultry prices listed for chicks at 9 1/2 to 9 3/4 cents, springs 12 cents, turkeys 16 cents, ducks 11 cents, geese 5 cents. Butter and eggs steady with eggs at 22 cents. New York egg market notes irregular receipts of 12,184 cases with fresh gathered extras at 31 3/4 to 34 1/2 cents and dirties No 1 at 20 1/2 to 21 1/2 cents.
New York opened barely steady and dropped 16 to 17 points under Friday's close amid liquidation and Balkans news. Prices sank to new season lows for December and January, later recovering 4 to 5 points on gulf storm weather hopes and short covering before retreating on renewed selling. Liverpool bought, spot houses supported, but overall undertone remained nervous and unsettled.
In New York on October 14 cotton futures showed small early movements with January through December contracts listed around 10.60 to 10.48 bids or offers. At the close the seasonals stood steady with October 10.28 November 10.34 December 10.54 and January 10.72 March 10.74.
New Orleans cotton futures opened steady with declines of 6 to 7 points. Cables and foreign securities showed weakness while Balkan reports appeared bearish. Weather maps hinted at less cold than expected yet rain plagued the eastern belt. The market held little support and fell 11 to 12 points below Saturday’s close after the first half hour, then steadied as tropical storm warnings from the Weather Bureau affected Gulf conditions and short covering rose. Noon quotes showed trading months 1 to 3 points over Saturday’s final quotations.
In New Orleans on October 14 cotton futures opened steady with bids near October 10.72 and December 10.68 asked, 10.70 for January and 11.13 for July. The contract closed steady with minor changes from Saturday, led by nearby months and later showing slight gains for some futures.
Liverpool reports Oct 14 spot cotton with American middling at 6.54 pence, good middling 6.32, middling 6.12, sales totaling 10,000 bales including 1,500 for speculation and export and 8,100 American. Receipts reach 6,000 bales, of which 5,700 are American.
Futures opened easy and finished steady across several dates with fractional percentages cited for October through July positions. Market data shows minor shifts in futures from Oct to Jul contracts, reflecting typical trading behavior in the period.
New York middling at 10.90 led a market snapshot with New Orleans at 10 13-16, Liverpool 6.12d, Houston 11c, Galveston Lic, and Memphis at 11 1/11c reflecting varied regional quotations.
New Orleans reports spot cotton steady with slight 1 16 cent dip for middling. Memphis notes unchanged middling at 11 16 cents. New York closes quiet with middling uplands 10.90 and gulf 11.15, 632 bales sold.
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