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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 16, 1912
Page
9
Explanatory notes from the Weather Bureau describe observation data at 8 a m standard time with air pressure reduced to sea level and maps showing points of equal pressure and temperature. The report includes indicators for sky conditions from clear to snow and notes precipitation. it records temperature first, precipitation second, and maximum wind speed third.
New York futures opened steady then swung with gulf storm apprehensions and European politics optimism driving gains. Active months rose 9 to 12 points on short covering. spots were quiet at noon with middling upland at 10.75 cents.
Cotton futures closed barely steady after a sequence of fractional bids for months from January to July and October through December. Opening steady at 10.36 for January and closing bids listed for October 10.04 and December 10.30.
New Orleans cotton opened steady with a 2 to 8 point advance as tropical storm rains in Texas and hurricane signals influenced markets. Prices moved 6 to 10 points up at first, then dipped slightly before noon after profit taking, and climbed again to 12 to 13 points over yesterday's close on reports of storm damage and strong spinner demand.
New Orleans reports cotton futures starting steady with October at 10.74 bid. Futures closed steady to firmer by 6 to 9 points with figures for October 10.76 November 10.65 December 10.67 January 10.69 March 10.84 May 10.06 July 11.09.
The report shows mixed cotton figures with ton details and middling rates around 6.084. It notes receipts totaling 33,000 American bales and mentions 24,700 bales as part of the shipments plus 5,600 for American and 6,800 for other categories.
New York and Houston show middling prices around 10.75 and 10 percent respectively. New Orleans Liverpool and Galveston list middling around 6.06 to 10 percent with Memphis noted as middling lic.
Memphis spot cotton trade noted a quiet market on October 16 with a marginal decline of about one cent for middling, reflecting slight softness in the local price.
Cottonseed prices in Memphis on October 16 show prime basis at 5.08 with meal and linters remaining nominal though stable.
Boston reports renewed activity in domestic wool sellers with broad demand across grades. Quoted prices include Missouri fleeces at 29 to 30 cents, Kentucky and similar 27 to 33 cents, quarter-blood and scoured ranches varying by finish, with Texas fine 6 to 8 months 54 to 56 cents and fine 12 months 60 to 62 cents.
Fresh country eggs are in demand in the city with restaurants and hotels buying on arrival. Merchants are selling eggs case count at up to 28 cents a dozen, and cold storage stocks are heavily drawn to meet trade needs. Butter and potatoes show uneven supply but, despite delays, prices hold firm with creamery butter at 49 cents per pound and price declines for potatoes easing as Colorado and Idaho supplies move to market.
Quotations show butter steady at 85 to 84, creameries 29 to 29 1/2 cents, dairies 22 to 23 cents. Eggs steady with 6825 receipts. ordinary firsts 21 cents, firsts 24. Cheese steady at 17 to 18 cents. Potatoes steady with 65 cars received. Michigan 42 to 45 cents, Minnesota and Wisconsin 40 to 45 cents. Poultry alive unsettled. turkeys 15 cents, chickens 12 cents, springs 4 cents. Veal steady at 10 to 11 cents.
Raw sugar remains steady with Muscovado 89 test at 3.61 cents per pound and centrifugal 96 test at 4.11 cents. Molasses sugar 9 test at 3.36 cents. Refined products steady. Petroleum and molasses hold steady. Hides and leather firm.
New York stocks opened with strong buying pushing many issues up a point or more. Coal, Hill stocks, St Paul, Steel, American Tobacco led gains while Canadian Pacific jumped over four points. Copper prices rose with opening gains, later giving back some. Foreign markets were helped by Italy and Turkey hostilities. Bonds held steady as readings showed late-day strength and profits selling trimmed readings on Reading and Canadian Pacific. Mexican Petroleum hit records as the day closed with stocks advancing in the final hour.
Weather report from San Antonio Texas dated October 16 notes unsettled conditions with rain mainly in western Texas. Temperatures below normal and rainfall of one inch or more recorded at Beeville Columbus Brenham Cuero and Alice. Allen Buell local forecaster Weather Bureau.
New York money on call rates set at 4 5 percent, with closing bids at 4 percent and offers at 5 percent. Time loans quoted 60 days 5 percent, 90 days 5 percent, and six months 4 1/2 percent.
London copper is firm with spot at 75 pounds 7s 6d and futures at 76 pounds 5s. Tin also firm with spot 225 pounds 6s and futures 224 pounds. Lead at 24 pounds 2s 64d and spelter 27 pounds 12s 6d. Tron Cleveland warrants 66s 1 1/2d in London.
Wool markets in St. Louis report steady tones with medium grades at 23 to 26 cents, light fine 19 to 21 cents, heavy fine 13 to 18 cents, and tub washed 27 31/2 cents.
Galveston reports yesterday arrivals with the Steamer Kyleness from Newcastle and cleared steamers El Occidente to New York and Ventura de Larrinaga to Manchester.
London quotes show Consols for money at 72 percent with 73 percent for account. Bar silver traders bid 29% per ounce. Money market at 1% to 2 percent. Short‑dated bills at 4 percent.
New York report lists eggs firm with receipts of 11 024 cases. Fresh gathered dirties No 1 at 20 21 cents. Mentions water from Aden Arabia pumped from the sea condensed for 73 cents per hundred gallons and notes all food is imported.
Union Stockyards Oklahoma City reports rain across the southwest range boosting fall cattle, hogs, and calf prices. Receipts totaled 503 head including 181 cattle 104 calves 81 horses 87 hogs and 100 goats. Cows brought up to 4.25 with bulk 3.50 to 4. Calves around 4.59, hogs to 8.25 with most 8 to 8.25. Goats unsold by noon, horses to local buyers not offered.
An old Cuero Texas advertisement from Cuero Cotton Old and Mfg Co highlights choice options including screened cakes or meals at low prices with immediate or future shipment terms.
Fort Worth Texas market notes cattle receipts 4200 with beef steers steady at 5.00 to 5.65 per hundredweight stockers 4.75 to 5.60 cows 3.50 to 5.25 calves receipts 1000 steady and active hogs 3000 down 5 to 10 cents top 9.00 bulk 8.75 to 9.05 sheep receipts 700 up 26 cents with mixed sheep at 4.56 to 5.60 per hundredweight.
Chicago on October 16 shows cattle receipts at 20 000 with steady to ten cents lower prices across Reeves Texas and western steers while stockers and calves move around 2.90 to 10.00. Hogs receipts 26 000 and prices mostly 5 to 10 cents higher with light to mixed sales from 8.60 to 9.30. Sheep receipts 30 000 with strong demand native and western grades ranging from 3.60 to 7.55 and lambs up to 7.59.
October 16 reports show cattle receipts 11 900 with 700 southerns and steady to weak price levels Native steers 7.00 10.75 southern steers 4.25 5.85 southern cows and heifers 3.25 5.00 Hogs receipts 10 000 with prices 8.65 8.95 bulk and 8.70 8.90 for packers and butchers pigs 6.00 7.50 Sheep receipts 13 000 with higher market muttons 3.50 4.60 lambs 5.55 7.40 range wethers and yearlings 4.00 6.50 range ewes 2.50 4.25.
Receipts totaled 2500 cattle with Texan share 1500 and steady markets. Native beef steers 5.50 to 10.80, Texas and Oklahoma steers 5.00 to 7.00, cows and heifers 3.25 to 5.00, calves 5.00 to 6.50. Hogs receipts 7000, mixed and butchers 8.75 to 9.25, good heavies 9.00 to 9.20, pigs and lights 6.75 to 9.20. Sheep receipts 5000, native muttons 3.75 to 4.25, lambs 5.50 to 7.10, market steady.
New Orleans reports rough rice improving with clean rice steady. Recepts and sales tallies listed for Honduras and Japan. quotations given for rough and clean rice. Paris bond market shows Three per cent rentes at 92f 20c and London exchange at 26f 20c with a 3 percent private discount rate.
Chicago trading shows lower wheat as December slips from 93 to 93 1/4 cents then to 92 3/4. Corn opens down from 53 1/2 to 53 1/4 cents, oats at 82 1/2 cents. Hogs weaken, pork near 19.52, ribs 10.37, contracts end modestly firmer for corn at 53 1/4 cents.
Chicago quotes show cash wheat varying by grade with No 2 red at about 1.06 to 1.09 dollars a bushel and No 2 spring near 89 to 92 cents. Corn bids range from 63 to 68 cents for No 2 grades while oats sit around 33 to 35 cents for No 2 slight white options.
The census bureau reports 2,110,678 running bales of U S cotton on hand at Sept 30 with 722,781 held by manufacturers and 1,887,897 in warehouses or elsewhere. September consumption reached 487,322 bales and exports totaled 729,859 with 29,795,792 spindles active nationwide.
New York on October 16 reports No 7 Rio coffee futures holding steady with December at 14.15 and March at 14.12 while other contract levels show little change.
In Boston on October 16, Arizona Commercial 4 defeated Calumet and Arizona 81 while Green Cananea 83 and North Butte 8% trailed.
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