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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 28, 1912
Page
9
Chicago traders reported bears in control as grain and meat markets moved lower after tentative peace overtures to Turkey. Wheat futures slid with December at 92 3 4 cents, corn eased on good weather, oats and hogs also softened though pork and rib prices showed slight shifts.
Chicago quotation page lists grain and corn prices for various grades including No 2 red No 2 northern No 2 spring velvet chaff and durum corn prices around 64 to 91 cents. Oats and other grains show further bid ranges with No 2 white oats at about 34 cents.
Quotations list cash wheat and corn and oats by grade and delivery month. Wheat prices include No. 2 hard at 87 90 3/4 cents, No. 2 red around 107 cents. Corn and oats show mixed old and new bids, with December and May futures noted, reflecting general market activity.
New York reports active week with large contracts for fabricated structural steel for buildings and bridges. Demand grows for rails and steel billets while October orders surpass prior monthly records. extensive steel line pipe and exports to Canada and Mexico expected in November.
The New York cotton goods market held generally firm and stronger through the week as buyers anticipate larger crops raising demand. Printed cloths sold well with Fall River reporting 120000 pieces. 26000 to 30000 bales were engaged for shipment to China India and Red Sea ports. Prices for prints ginghams breahched cottons and denims are quoted with modest gains and steady demand.
Butter and cheese hold steady with mixed dairy quotes including Daisies 29c on butterfat, Twins and Long Horns around 17c, and 19 20c on ordinary firsts. Potatoes firm with Michigan 45c and Wisconsin 45c. Minnesota 48c. Poultry prices ease with turkeys 17c, chicks 10 ½ c, springs 12c. Veal steady at 14c. Receipts listed for several categories.
Prices in St Louis on October 28 show poultry at 11 to 16 cents for various birds, butter creamery sells around 26 to 30 cents, and eggs at a low per dozen quote. The brief market note lists chickens, springs, turkeys, ducks, geese, butter and eggs with small change readings.
Kansas City October 28 market notes list butter prices at creamery 28c firsts 36c seconds 24c packing stock 22% 23c and eggs with extras 25c, firsts 23% 24c seconds 18c, showing the day’s commodity values.
New York eggs receipts show 6615 cases received on October 23. Fresh gathered extras bring 83 86e per dozen, with checks rated good to fine at 18% 19e.
Raw sugar remains quiet with Muscovado 89-test at 3.55 cents per pound and Centrifugal 96-test at 4.05 cents. Molasses sugar 89-test 3.80 cents, refined steady. Petroleum and molasses steady. Hides and leather firm.
New York trading on October 28 shows futures for coffee steady with December at 13.99 and March at 14.09. Rio No 7 coffee remains at 15 percent with markets awaiting further direction.
Cash wheat pricing shows No 2 red at 1.08 to 1.10 dollars and No 2 hard at 0.90 to 0.95 dollars. No 2 white oats near 0.64 to 0.66. Corn futures for December around 0.50 and May near 0.61 with oats December around 0.32 and May 0.34.
Galveston reports arrivals yesterday include steamers Victorian Liverpool Satilla and Artist with Tampico and New York. The ship Northwestern sailed for Port Arthur via Amra.
Observations show unsettled weather with wind and clouds. Forecasts call for colder Tuesday with showers mainly in the northwest portion. air pressure readings adjusted to sea level. overall outlook remains unsettled for East Texas and surrounding regions through Tuesday evening.
At Union Stock Yards Fort Worth hog prices fell 15 to 20 cents from last week with noon quotes down 25 cents from nearby markets. Cattle receipts reached 1800 head, calves and cows steady, hogs ranged around 8 to 8.25 for the best, sheep and goats not yet reported at noon. Financial traders noted the drop surprised buyers amid bullish pork-market sentiment.
Freestone county ranchman H F Sheffield travels to Mexico to assess livestock, expecting a strong cattle flow next spring as Mexican prices rise and the industry expands despite unrest. Hog prices slump nationwide, while Fort Worth and Texas markets report record feeder cattle sales and overall price shifts.
Fort Worth patrons see a robust cattle run of 3600 head and 1200 calves with prices steady versus last week. Hog demand slows with a 15 to 26 cent drop. top hogs fetch around $8.36, bulk near $8.10. Sheep receipts total 100, market steady. calves strong at $4.50 to $6.50.
Chicago today reports cattle receipts 24 000 with steady to 10 cents lower prices ranging from 4 25 to 11 00 for calves. Hogs receipts 4000 with prices from 7 60 to 8 35 and bulk sales around 8 00. Sheep receipts 55 000 with markets steady to 10 cents lower and values from 3 40 to 6 90 depending on breed and weight.
Receipts in St Louis on October 28 show cattle totaling 10 000 with Texans included and market steady. Native beef steers 5 50 to 10 80, Texas and Oklahoma steers 5 to 7 26, cows and heifers 3 25 to 5, calves in car loads 5 to 6 60. Hogs receipts 10 500 with a 5 to 10 cent decline. pigs and lights 6 75 to 8 30, mixed 7 95 to 8 40, good heavy 8 30. Sheep receipts 6 000 and market steady. muttons 3 40 to 5 10, lambs 5 50 to 7 00.
Receipts total 26 000 cattle including 2 000 southerns with a steady market. Native steers 6.75 to 10.75, southern steers 4.25 to 6.00, southern cows and heifers 3.40 to 5.00. Hog receipts 38 000 with prices 7.90 to 8.20 for bulk sales and 6.56 to 7.25 for pigs. Sheep receipts 20 000 with markets steady to weak. muttons 3.50 to 4.60, lambs about 7.10, wethers and yearlings 4.00 to 5.50, ewes 2.50 to 4.00.
A scanned price sheet lists sugar and coffee costs to retailers, California canned fruits and vegetables, beans, meats, flour, dried fruits, and assorted staples. Prices cover granulated sugar, coffee varieties, canned fruits and vegetables, beans, meats, rice bran, flour, and dried fruits with numerous per hundred or per dozen figures.
The ICC held that shippers choosing the higher rate route between identical points are not entitled to damages if a lower rate existed on the other route. The decision in A Willis & Co. versus Atchison Topeka Santa Fe and others declines restitution for nursery stock shipments.
A car carrying three women and three men killed George Price, a contractor, in Glen Rock New Jersey. After the crash the men dumped the body in roadside weeds then returned to the vehicle and fled, a 9 year old witness told authorities. Police and nearby jurisdictions were alerted but the occupants escaped.
Initial stock of Jonathan Missouri Pippin Winesap and Gravenstein apples seen with summer varieties, pushing prices 15 to 35 cents lower. Demand remains strong for better varieties ahead of Christmas, while cocoanuts arrive at 6.60 to 7.00 and hog prices dip as packing centers absorb meat.
The document lists extensive retail prices for poultry large hens fryers broilers and turkeys. Butter Cheese Eggs and a wide range of fruits vegetables nuts seeds syrups rice and meats. It cites per pound per dozen per hundredweight and box or crate pricing with several regional varieties and brands.
New York opened barely steady with decline 2.7 points as liquidation eased and weather optimism supported. Active months climbed about 9 10 points, led by spot brokers, with gains broadened by late afternoon buying and rumors of a 15,000,000 bale yield. middling upland traded near 11.25 cents at noon and settled within a few points of the prior close as sentiment firmed.
Cotton futures in New York opened barely steady with Jan at 10.57 and Dec at 10.58. Prices finished very steady with the same nearby contracts showing narrow ranges from 10.56 to 10.79 and later 10.76 to 10.96 as March through December moved within tight limits.
Cotton futures in New Orleans opened steady down about 2 1/4 points on dull cables and a favorable weather map. Interior reports showed ideal conditions with little frost and no rain. By noon, prices moved higher as shorts covered and buyers stepped in following a crop estimate of about 14.5 million bales versus 15 million expected.
Cotton futures opened in New Orleans with steady prices as October at 10.92 and November at 16.75 to 17 were shown. The session closed with a modest overall net advance of about 11 points across key contracts, including December and March positions.
Liverpool October 28. Spot cotton shows easier prices with American middling fair at 6.634 and middling at 6.21d. Sales reached 10,000 bales, including 9,400 American and 600 for speculation and export. Receipts totaled 17,100 bales, all American.
Futures in Liverpool opened easy and finished quiet with multiple contract quotes across months including October 5.98 and DecemberJanuary 5.87 percent, showing small declines in near term. The fluctuating rates spanned October to July with several fractional pence adjustments.
Spot market in New Orleans shows steady prices with middling at 10 15 16 cents. Receipts total 9141 bales with stock at 134172 bales. Other U S markets reported middLING levels and varied quotes for each grade.
Galveston Texas on October 28 reports spot cotton closing steady with grade ranges listed from low ordinary to good middling. Sales total 960 bales with receipts 26,786 and stock at 313,115 bales.
The Houston spot market closed steady with sales of 514, shipments 29,254, stock 112,377. Grade ranges listed include low ordinary at 6 3/4 cents, ordinary 7 1/4, good ordinary 8 1/4, low middling 10 1/2, middle middling 11 1/2, good middling 11 3/4, and middling fair 11 3/4 cents.
Spot cotton in Memphis steady at middling price as of October 28. St Louis metal markets show lead at 4.90 and spelter at 17.40. In New York, friends of Father Vaughan deny illness reports and say he will depart for San Francisco within two weeks.
Cotton seed oil closed steady with mixed bids and several lots sold across future months. Notable activity included 2,200 sold at 6.02 for May, 1,000 at 5.83 for January, and a total of 35,300 in sales across spot and futures through the period.
Weather note by Allen Buell reports generally fair conditions with below normal temperatures and frost in parts of Alabama Tennessee and the Carolinas. Market recap hints at narrow fluctuations and weak sentiment in Canadian and allied stocks amid last week’s adverse foreign markets and cautious decisions.
In Utica New York on October 28 1909 Dr. Peck issued a bulletin on Vice President Sherman stating he is very ill though not in immediate danger noting he sat up yesterday and moved about the house while acknowledging the reports of his condition had been exaggerated The illness contrasts with later brief on the Supreme Court advancing postal appropriation law cases to December 2 for argument.
Sterling exchange at 4.85 85. Commercial bills active. Bar silver and Mexican dollars noted. Government bonds described as irregular.
New York markets show copper spot and futures with varied quotes from Oct 7 to Dec 16. Spot copper around 50.6 to 50.9 cents, with lead and zinc prices noted. iron and steel markets largely steady with Cookson iron futures cited.
A Laredo copy editing error altered a dispatch about a Dallas telegraph operator to read like B Anquo's ghost in Macbeth. The misquotation sparked surprise as readers noted the literary parody in the routine report.
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