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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 30, 1912
Page
8
Wheat and corn futures slipped as traders posted heavy selling and government weather data spurred declines. December contracts opened lower and weakened to mid range while pork and lard futures firmed modestly on demand. fat hogs and ribs traded at modest gains amid unfolding market uncertainty.
Quotations listed for wheat and oats with prices for No. 2 hard 88 cents, No. 3 mixed oats not fully readable, and December and May futures cited. Corn quotations show December 48 1/2 to 48 3/4 cents and May around 48 3/4 cents.
Quotations given for various orange and grain prices with ranges for different futures and months. Includes figures for December May and current spot levels.
On Oct 30 in Orleans rough Hon price held firm while rough Japan and pate stayed steady. Quotations list rough 9589 and millers 972, with rough 1979 Honduras at $2.26. Notes include rough nominal clean Hon 24 ic and Japan 3% 4e as current rates.
Albert Illy of Philadelphia plans his first vote after 81 years noting his long observation of politics. He and his brother Hall have lived in the District of Columbia and Pennsylvania farms since reaching adulthood. The forthcoming vote commemorates his and his brother’s birthday anniversary. The Mysore government plans electric rail lines around Bangalore with ten miles of trains and tramway-like branches to suburbs, while Hyderabad contemplates installing tramways for its population of 100000.
Cotton farmers hold back supplies as market prices fail to satisfy. T J Lane of Habbel Slack notes strong sales earlier but forecasts no larger output than last year. Rain lowered grades. buyers seek 9 to 10 cents for good middling cotton with limited local sale and compress capacity underused.
Frank A. Horne of New York argues before the National Poultry Butter and Egg association that cold storage plants help lower prices for many necessities. He says cries of market cornering are unfounded and that storage periods create lower prices at other times of the year for the poor.
Boston reports fair demand for domestic wool with steady values and broad trading. Texas wool shipments have increased recently, with quotes for Wisconsin and Missouri fleeces and Texas fine scoured wool noted among the leading domestic prices.
Markets report mixed prices with eggs and butter steady in Kansas City and New York. Egg quotations show firm market with fresh gathered extras around 34 3/4 cents per dozen, while general produce prices remain unchanged.
Quotations list poultry prices with chickener chickens ducks and geese at 12 to 26 percent, eggs steady at 23 percent in St Louis trading.
The report lists crude sugar steady with 89 test at 3.55, 96 test at 4.05, molasses sugar 89 test at 3.30, refined steady, petroleum steady, and leather prices firm on the market.
New York trading on October 30 shows No 7 Rio coffee futures steady. December contracts at 13.99 and March at 14.09 with prices unchanged.
Galveston Texas reports arrivals and departures dated October 20 with vessels listed: arrived Steamers Virginia Aust Port Inglis Wynerie Br Cienfuegos Conse nisio Ital Port Tampa. Sailed Steamers Spyros Valcanos Greek Liverpool Inkum Br Liver pool Ruth Progreso El Oriente New York Scorrio Br Antwerp Ghent Centrarg Br Liverpool via Newport News.
Wool markets in St. Louis on Oct 30 held steady with medium grades combining and clothing at 231/2 to 26 cents, light fine 19 to 21 cents, heavy fine 13 to 18 cents, tub washed 27 to 36 cents.
Arizona Commercial 8 percent, Calumet and Arizona 75 percent, Greene Cananea 9 percent, North Butte 32 percent.
Temperature rainfall and weather status for Houston district stations for the 24 hours ending at 8 am. Remarks: Weather is generally fair and the temperature is nearly normal. Allen Buell, Local Forecaster, Weather Bureau.
At Union Stockyards Oklahoma City Oct 30 the live stock market showed light receipts across divisions with strong packer and butcher buying. Cows topped at 4 25, calves 5, hogs around 8 as packers avoid nine dollar porker prices. Total today 500 head with 155 calves 45 calves 175 horses and 118 hogs. no sheep or goats offered.
Market observers question the causes of a sharp drop in hog prices from $9.50 to $8.00 and lower as long term meat supply fears grow. Ranchers Nat Parks and Walter Weathersbee report shifting conditions and caution about future shipments while pork prices fall and mutton rises amid a reduced visible supply and lower sheep and lamb shipments from Chicago.
A five man committee was appointed to plan the permanent organization of a city church and Sunday school conference. They will also arrange plans for a conference in early December. Members are Dr J M Carhart Rev B I Dickey Rev Z Neal Fred King and George Bell. Floyd Smith chairs the publicity committee which will meet at a luncheon Thursday noon at the Y M C A to discuss finances and other department matters.
Fort Worth cattle yard reports slow but steady trade with calves showing action. Hogs down 15 to 25 cents, sheep and lambs active. Notable sale: steer 1480 pounds at 10 dollars shown by Ed C. Lasater. Receipts: cattle 3500, hogs 3300, sheep 120. Beef steers 5.00 to 6.00, hogs top 8.00, lambs around 6.35.
Kansas City livestock market update shows cattle receipts 12 000 including 1000 southerns with steady prices. Hogs receipts 1400 down 15 25c with bulk sales 7.30 7.60 and light 7.30 7.50. Sheep receipts 10 000 steady with muttons 3.50 4.60 lambs 6.00 6.80 range stock 4.40 5.60.
Cattle receipts 7000 including 1600 Texans with strong tone. Native beef steers 5.50 to 10.80, Texas Oklahoma steers 5.00 to 7.25, cows and heifers 3.25 to 6.00, calves in carload lots 6.00 to 6.50. Hogs receipts 9500 with prices 6.25 to 7.75. Sheep receipts 6500 with native muttons 3.90 to 4.00 and lambs 5.00 to 7.00.
Cattle receipts 17 000 with markets steady to a shade lower. Reeves 5.30 to 5.00, Texas steers 4.35 to 5.65, western steers 5.50 to 9.25, stockers and feeders 4.25 to 7.50, heifers 2.70 to 7.25, calves 6.60. Hogs receipts 22 000 with prices 7.00 to 7.85, bulk 7.45 to 7.76. Sheep receipts 32 000 with native 3.40 to 4.50, western 3.50 to 4.50, yearlings 4.50 to 5.65, native lambs 5.00 to 7.00, western 5.25 to 7.00.
In New York the cottonseed oil market closes strong with spot at 5.80 to 6.00 and futures from November 5.80 to 5.98. Sales ranged across months including 1000 for November at 5.68 and 100 for December at 5.85. Total reported sales 15,900.
London copper quotes steady at 75 pounds 5s spot and 75 pounds 17s 6d futures. Tin soft with spot 230 pounds and futures 229 pounds 5s. Lead remains at 19 pounds 7s 6d. Iron warrants listed for Cleveland at 188 64.
Observations recorded at 8 a m on Wednesday October 30 1912 provide meteorological readings for the period. Measurements include temperature wind direction and other standard indicators from the early 20th century station log.
Wisconsin manufacturers plan a half-cent cheese increase effective Tuesday. Cheese and other dairy products remain firm as northern dairies hold slim carryover, signaling higher prices through the season. Butter and canned milk show strength with wholesale demand steady. Farmers have cash to spend and country stores stock more goods than last year. Cotton movement is active with high profits for farmers. North Texas cotton just beginning to move as port receipts near record levels.
Retail prices for poultry, butter, cheese, eggs, and fruits with numerous items listed by category. Includes hens, fryers, turkeys, apples, tomatoes, potatoes, onions, grapes, citrus, canned goods, nuts, syrups, and meats with per-unit or per-weight pricing and bulk crate or case rates. Prominent entities include California and Colorado origins, specific varieties like Ben Davis apples and Winesap, and retailers' price points.
New York reports outline an expected drop in U S cotton supply by 14 570 000 bales and a rally driven by favorable weather and bullish London estimates. Traders push January to 10 83 amid aggressive demand as spot futures rise to middling up and near potential highs for the season.
The market shows steady to firm cotton futures in New York with several month contracts quoted around 10.67 to 11.27 in early trading and closing around 10.80 to 11.32 as the session ends, reflecting overall firmness across multiple positions.
In New Orleans on October 30 the cotton market opened steady with slight losses then a late morning spike after a crop and consumption estimate from a London authority. Bears accused large long-leaning interests of manipulating shorts. trading months rose dramatically before noon and remained steady into afternoon trading.
Cotton futures opened steady and closed with a net advance around 19 to 21 points. Prices fluctuated through several months from October through May with varying highs and lows as listed in fragmented quotes and dated notes.
Close spot cotton firm with fair demand as American middling fair prices rise to 6.78d. Good middling at 6.54d and middling 6.36d with sales totaling 8000 bales, 7400 of which are American. Receipts reach 21,000 bales, dominated by 20,900 American.
Cotton futures in Liverpool closed quiet and steady with on the spot October contract at 6.1344 and successive month pairings ranging from Oct-Nov at 6.12d to June-July at around 6.05d. The daily list shows a broad, unchanged tone across the forward curve.
Paris notes detail three percent rentes at 91 9 for the account and London exchange at 5f 23c, with market discounts and a long list of commodity prices. It also notes in Switzerland a woman appointed to the chief inspectorship of factories, a role previously held by men.
New Orleans spot cotton held steady with middling at 11 3-16 cents. Spot sales totaled 14,417 bales while stock reached 159,457 bales, alongside listed prices for other grades and regional markets.
The Houston spot market closed steady up percentage points with sales at 73 ships shipments total 22,070 stock 118,487 and price levels for various grades from low ordinary 6 1 4 percent to good middling 11 1 4 percent and mid dling 11 3 4 percent F O by 31 24.
Galveston Oct 30 spot cot ton prices show low ordinary 6 percent up to good ordinary 8 15-16 and middling levels. Distinct sales and receipts figures include 82,631 and stock 348,758 bales. Notes mention 259 spot price and 380 f.o.b.
MEMPHIS Tenn Oct 30 Spot cotton held steady with middling grades at 11 1 2 cents per pound as buyers and sellers eyed fluctuating futures and local demand remained stable.
Railroads expand rolling stock by millions in new equipment to move traffic early and prevent bottlenecks. The Katy lines invest nearly two million dollars while the Pennsylvania lines announce twenty million dollars in freight gear, aiming to boost through Texas business and benefit the Southwest.
Stock prices opened higher on improved foreign markets led by gains in Canadian Pacific and Copper district issues but fell back as selling intensified. Reading and steel names slipped, with Balkan news triggering a spike then a downturn. bonds were easy and late trading showed partial recovery but overall weakness persisted.
The market shows steady prime sterling with actual business in bankers' bills at 4.81.75 for 60 days and 4.85.90 for demand. Bar silver at 62 1/2 cents, Mexican dollars at 48 1/2 cents. Government bonds steady and railroad bonds easier.
Fragmentary market notes list various metals with mixed quotations such as copper at 16.80 17.12 and 17.00, Spelter 5 offered, Antimony steady, Iron firm, and other entries including New York price hints and dates like November 19 and October 30.
A brief market notice from St Louis dated October 30 shows lead at 4.90 per unit and spelter at 7.40 per unit, with additional price figures truncated in the clipping.
New York markets show mixed quotes with time loan rates quoted around five to six percent. The report notes stronger demand in short and mid term loans with 60 day issues near five percent and longer 80 day and six month instruments at six percent.
New York trading reports show cotton goods remaining steady with a firmer tone in wide prints. Woolen goods rule steady and cotton yarns trend higher as jokers maintain modern proportion trade.
London reports bullion valued at 97 000 pounds sterling stolen yesterday from the Bank of England while 50 000 pounds sterling was dispatched to the continent. The incident highlights security concerns at the central bank amid ongoing financial movements.
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