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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 18, 1912
Page
15
Observations from eight a.m. with air pressure at sea level and zero to 100 degree temperature marks. Forecast through Saturday calls for fair, cooler conditions in San Antonio area and interior East Texas with colder nights. Precipitation yesterday totaled 1.34 inches. season total 19.62 inches with a 3.25 inch deficit since January 1.
A report notes a serious tie shortage for baleing the bumper cotton crop with mills underordering and robbers and hardware dealers seeing shortages. Texas compresses shut down for lack of material, while bagging prices rise. Citrus forecasts California output at 53 000 carloads versus 40 000 last year, with coffee firm and sugar steady amid light sales.
A dense listing of grocery items with extensive prices for poultry, dairy, vegetables, fruits, nuts, syrups, seeds, meats, flour, and canned goods. Includes hens, butter, cheese, tomatoes, potatoes, peaches, apples, grapes, pears, limes, bananas, pecans, syrups, canned fruits and vegetables, meats, sardines, flours, oats, dried fruits, and nuts with per unit costs and bulk rates. Several regions and brands appear, reflecting a broad mid century market sheet.
Kansas City report from October 18 notes butter and eggs prices and trade conditions in the local market. Market activity focuses on dairy and egg commodities with buyers and sellers noting current price trends.
Oct 18 at Union Stock Yards shows few cattle and hogs in yard as rain prompts holdoffs by stockmen. Meat demand in city remains high with active market, cows topping at 4.50 and calves to 5.25, porkers at 8.25. hogs marketed earlier in week, no sheep or goats received.
Cuero Cotton Oil and Manufacturing Company of Cuero Texas advertises choice or prime screened cracked cake or meat at low prices with options for immediate or future shipment. The brief notice emphasizes value and delivery flexibility.
Consols for money stand at 73 15 16 with account at 73 3 16. Bar silver remains steady at 29 5 16. Money 8 per cent. Short bills 4 ½ per cent. Three months bills 4 per cent.
Paris notes show three per cent rentes at 89f 65c for the account and a London exchange change at 26f 25c for checks. Private discount rate stands at 3 percent.
Unsettled conditions prevail with below normal temperatures across the Houston district. Rainfall of an inch or more reported at Waco Paris Mexia Greenville Corsicana Palestine Texas Brownsville Memphis Covington Dyersburg Holly Springs Holdenville Mobile Wynne Brinkley Malvern Warren Dardanelle Pine Bluff Prescott New Port Allen Buell, Local Forecaster, Weather Bureau.
Fort Worth tex oct 18 liberal receipts of calves about 2000 head, cattle 1500 head, market slow yet steady. Beef steers around 5.00 to 5.50, soldier steers 4.25 to 5.25, cows 3.25 to 4.25. Calves 4.25 to 5.50, hogs 1800 head, top 8.90, bulk about 8.65 to 8.86, market steady to 10 cents lower. Sheep 170 head, goats steady. Farmers found few good feeders and loading slow on common grades.
Chicago today reports cattle receipts 2500 with a dull weak market. Beeves sell 5.50 to 10.99, Texas steers 4.60 to 5.80, western steers 5.75 to 9.00, stockers and feeders 4.25 to 7.50, cows and heifers 2.90 to 7.16, calves 7.00 to 9.85. Hog receipts 17000 with a slow steady market five cents lower. Light 8.30 to 9.05, mixed 8.45 to 9.25, heavy 8.45 to 9.25, rough 8.45 to 8.70, pigs 4.75 to 7.65, bulk 3.75 to 9.05. Sheep receipts 10000 with market steady to strong. Native 3.65 to 5.00, western 3.85 to 4.85, yearlings 4.75 to 6.00, native lambs 5.25 to 7.60, western 5.50 to 7.50.
Receipts and quotations today show cattle at 3,000 with Texan and Oklahoman steers. Cows, heifers, and calves priced up to 6.50 in carload lots. Pigs and lights bring 6.75 to 9.10, sheep expe ct higher by 10 cents with muttons 4.25 to 4.60 and lambs 5.50.
Kansas City market report shows cattle receipts 2500 with native steers 7.10 to 7.75, southern steers 4.10 to 6.00, southern cows 3.25 to 5.00. hog receipts 3500 with bulk sales 8.50 to 8.85 and small lots 6.50 to 8.80. sheep receipts 5000 with lambs 6.00 to 7.40 and range sheep 2.50 to 5.50.
Cottonseed products report from Memphis shows prime basis oil at 6.08 with meal and linters nominal. New York cottonseed oil closes steady with spot 6.25 to 6.30 and futures ranging from 5.99 to 6.13 for several months. Total sales reach 15,300 units across multiple monthly contracts and quantities.
Raw sugar remains steady with Muscovado 89 test at 3.61 cents per pound and 96 test at 4.11. Refined sugars and petroleum products hold steady while molasses, hides, and leather also show firm or steady tones.
Chicago October 18 Wheat strengthened on Balkan news and weather updates. December opened around 91 92 cents, later nudging higher to 92 3/4. Corn advanced on weather data with December up after brief dip, while oats rose. December hog provisions slid as hog weakness weighed on pork lard and ribs prices. Overall the market closed firm for December contracts with gains in corn.
Commodity prices for wheat corn and oats listed in Chicago. Cash wheat ranges from No 2 red at 1.06 to durum at 0.83. Corn No 2 white 0.65 to 0.66. Oats No 2 0.88 and No 2 white 0.85 with standard around 0.34.
Kansas City market reports show cash wheat steady to higher with No 2 hard at 88 91 c and No 2 red 1.04 1.06. Corn ranges up to 62 c for No 2 mixed, oats up to 44 38 c, December wheat at 86 c May 91 c. St Louis reports cash wheat steady with No 2 track red 1.09 1.11 c and No 2 hard 92 94 c. closes December wheat 93 c May 97 c. Corn December 50 c May 51 c. Oats December 32 c May 34 c.
Butter prices show 24% 280 and 22% 27c for margarine, eggs steady with 3619 receipts and 19 20c to 24c cases. Cheese steady with Daisies 17% and Twins 16% at 1c and 4c, Young Americas 17% at 4c, Long Horns 17% at 1c. Potatoes weak with 55 car receipts: Minnesota 40 43c, Wisconsin 88 48c, Michigan 40c. Poultry alive weak with turkeys lie, chicks 12c, springs 13c. veal steady 9 14c.
Today's market notes show poultry prices mostly stable with chickens up 10 cents, springs up 18 cents, turkeys down 1 cent, ducks at 112 cents, geese 10, and butter unchanged. Creamery price remains 30 cents and eyes at 22 cents.
New York on October 18 reports eggs unchanged firm with receipts totaling 8575 cases.
In New Orleans on October 18 the rough rice market showed better sentiment with steady clean rice. Receipts totaled 4230 rough, 1580 millers, and 7982 bags clean. sales included 805 Honduras rough at 3.10 to 3.50, 76¢ Japan rough at 2.40 to 3.75, and 3240 Honduras clean at 2.05 to 5c with 1759 Japan at 3.11. Quoted values were rough nominal and clean Honduras 4 5c, Japan 3% 4c.
Paris reports the Bank of France increased its discount rate from 3 to 3 1/2 percent today. The move was announced amid financial market activity with investors watching for further policy signals.
New York cotton opens steady to higher as unsettled southern weather supports buying. Trade interests clear gains of 7 to 10 points by noon with Liverpool up 11 to 13 points and spot middling at 11.75 dollars, while cautions limit further advance.
Cotton futures opened steady with several near term contracts showing bids and offers around 10.28 to 10.75 for January to July delivery. The December and March contracts traded near 10.33 and 10.78 with mixed daily highs and lows.
New Orleans October cotton futures started steady and near unchanged after a weak early session. Weather threats including heavy rainfall and colder air tempered sentiment as bears eyed manipulation rumors, while late morning buying lifted prices 18 to 21 points from morning lows and 16 to 18 points above Thursday's close.
Cotton futures closed steady to higher, with the board showing advances of 15 to 18 points. Prices for contracts including Oct, Dec, Jan, Mar, May and July traded within narrow ranges, reflecting modest demand and supply dynamics in the period.
Spot cotton in Liverpool on October 18 closed steady as buyers moved briskly. American middling fair sold at 6.51d, good middling at 6.29d, middling at 4.09d, with low and good ordinary prices listed. Total sales reached 14,000 bales, including 1,500 for export and speculation and 13,000 American bales. Receipts matched at 14,000, including 18,500 American bales.
In Liverpool futures trading on October 5 89 and various month pairs ended firmer. Contracts listed include October-November 6 884 and November-December 5 82 4 with several other pairings such as January-February 5 84 and February-March 6 87 d. The pattern shows a steady start and firm close across the board.
New York middling at 10.90 while New Orleans holds 10 percent. Liverpool shows 6.09d, Houston quotes 111-16c, Galveston 11c, and Memphis 11c.
Spot cotton prices moved steady to slightly higher in New Orleans and Houston on October 18. Sales totals reached about 7,700 bales with receipts at 87,17 bales in New Orleans and 21,099 bales in Houston, while stock figures stood around 106,810 and 108,858 bales respectively.
Galveston on Oct 18 reports spot cotton closing steady with prices: low ordinary 6 1/5c, ordinary 7 1/5c, good ordinary 8c, low middling 10c, middling 11c, good middling 11 11-14c, middling fair 11 11-12c. Sales on the spot 303 bales. receipts 17,244. stock 345,650 bales.
New York on October 18 reports spot cotton closing with uplands at 10.90 and gulf at 11.20 per unit. Sales totaled 2700 units as traders noted modest demand.
Memphis Tenn October 18 spot cotton remains steady with middling grade unchanged at lic.
In New York on October 18, coffee No. 7 Rio bids at 15 percent with futures steady at 14.14 and March at 14.28.
New York October 18 heaviness in foreign markets followed by a downward tendency at the opening. Weakness centered in Canadian Pacific St Pat Rock Island preferred copper shares and minor specialties. Amalgamated led losses while a few specialties gained. By noon prices sagged then recovered and Steel, Union Pacific and leaders showed renewed strength as bonds stayed easy. Trading closed irregular with minor issues dominating final hour.
Prime mercantile paper 6. Sterling exchange steady with actual business at 4.81.75 for sixty days and 4.85.75 for demand. Commercial bills 4.811. Bar silver 63 1 2 cents. Mexican dollars 484 cents. Government bonds steady, railroad bonds easy.
In New York on October 18 the money on call rate stood at 44 percent with ruling and closing bids at 4 percent. Time loans were quoted at 60 days 54 percent, 90 days 6 percent, and six months 5 percent.
London copper eased to 76 pounds 7s 6d spot with futures at 77 pounds 7s 6d. Tin held firm at 226 pounds 15s, futures unchanged. Local exchange notes 25 tons in sale. Lead quoted at 21 pounds and spelter at 27 pounds 12s 6d. Tron and Cleveland warrants listed with 66 7 3d.
Lead weak at 4.90 to 4.92 per unit and spelter weak at 7.40 in today's St. Louis market report, reflecting subdued demand and price pressures across metal trades.
Wool prices steady in St Louis with medium combing and clothing grades at 23 26 cents, light fine 19 2 cents, heavy fine 18 1 c, tub washed 27 3 cents.
London reports bullion movements with 35,000 pounds sterling received by the Bank of England and 210,090 pounds sterling shipped to the continent yesterday.
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