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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 10, 1912
Page
9
Shearing of goats is under way in Southwest Texas as the mohair market prepares to open within ten days. A Cohen of A Cohen & Company notes a large clip and strong Boston demand this year, with prices bid to be high and supplies likely to meet constant demand.
In Chicago on September 10 quotations show butter and dairy items steady with creameries at 24 28 and daisies at 22 43. Eggs remain steady with 9 700 cases received. cheese also steady with daisies at 15 16 and twins at 16 14. Potatoes hold steady with 47 cars received across Wisconsin Michigan Minnesota at 40 50 and 45. Live poultry weak with turkeys at 13 and chickens at 14, veal steady at 9 14.
Egg prices firm with counts 20 485 for extras 2729 for fresh gathered and 23 24 for refrigerator firsts. New York market activity and price levels reflect steady demand as handlers report stable trading.
Prices for Kansas City produce show butter at 25 percent creamery firsts 24 to 49 cents and seconds 22 percent, packing stock 20 percent. Eggs list extras 22 cents firsts 21 and seconds 16 cents.
In New Orleans on September 10 the local rice market remained firm for rough rice and strong for clean rice. Receipts totaled 10 478 rough and 3 405 milled rough. no clean receipts. Sales included 4 627 rough Honduras at 3.25 to 4.25, 792 Japan at 4.00 to 4.50, and 4 805 Honduras clean at 3 1/2 to 6, 600 Japan at 33 1/2 to 4%. Quotations stood at rough Honduras 3.25 to 4.25 and Japan 4.00 to 4.50, with clean Honduras 3 1/2 to 4 1/2.
New York reports steady cotton goods markets with fair demand for the season. September arrivals are being called for by jobbing trade. Prices for spring cales are % to % cent per yard higher than six months ago. Yarns quiet and silk steady while fancy rough dress goods show active demand.
Galveston reports arrivals of steamers El Norte Conde Wilfredo New York Spai New Orleans Williamchet Colon Indore Br Liverpool Hillgrade Br Santos via St Lucia. Also sailing: El Monte New York Asian Br Liverpool.
ST LOUIS September 10 Wool steady for next week with medium grades at 2314 286 combing and clothing. light fine 19 21. heavy fine 13 78. tub washed 27 35.
Paris rents are quoted at three percent with a price of 921 2c for the account. Exchange on London stands at 261 2813 for checks. Private discount rates are set at 2 percent.
U S Department of Agriculture Weather Bureau forecast issued from San Antonio Texas on September 10 1912. Tonight and Wednesday near term calls for fair conditions in San Antonio and vicinity and generally fair weather across East Texas with no significant precipitation expected.
New York stocks opened with minor gains led by Harvester and Woolworth a point higher. Southern Pacific and granger lines advanced fractions on the crop report. high priced industials like Sears Roebuck fell while Liggett & Myers rose. Trading was light and professional as copper and steel shares softened on tonnage data.
Tuesday saw weak beef cattle trading in Fort Worth with only four beef steer cars, three unsold early. Cows and stockers were scarce, prices mostly steady to down. calves bright spot with gains to 25 cents and one load at 7.40. Hogs strong on meager receipts to 9.50 top. sheep steady with poor qualified stock on hand. Receipts: cattle 1600. calves 950. hogs 459. sheep 400.
Bullish cables helped the wheat market rise with December opening at 90% and peaking near 90% as London and Italy flagged lower yields. The U S government report was seen as fully discounted with strength in oats and pork futures while corn slipped on wheat weakness.
Chicago notes show cattle receipts 3 500 steady market with ranges for beeves Texas and western steers stockers cows heifers calves. hog receipts 11 000 slow to higher with price bands across light mixed heavy and pigs. sheep receipts 28 000 strong to modest gains with native western and yearling prices and lambs ranges.
Receipts at Kansas City include 16 000 cattle with 1 200 southerns and steady to 10 cents lower. Native steers bring 6 50 to 10 50 while southern steers range 4 26 to 6 25. Cows and heifers 3 25 to 6 00. Hogs receipts 6 000 and steady with prices 5 45 to 6 65. lights 8 64 to 8 85. Sheep receipts 1 300 steady with muttons 3 75 to 4 40 and lambs 6 25 to 7 10.
Receipts at St. Louis on September 10 include 9000 cattle with native beef steers around 5.50 to 10.50, 8000 hogs with good heavy at 8.95 to 9.05, and 5000 sheep with muttons 3.55 to 3.85 and lambs 5.50 to 7.00. prices steady for all categories.
San Antonio reports 24 hour weather data ending 8 o clock this morning with temperatures and rainfall notes for the Houston district. St Louis market notes list poultry prices per item and dairy prices for butter and eggs with current firm tones.
Today's price list shows Cash wheat bids for No 2 red at 1 024 to 1 144 per bushel with No 2 hard around 91 to 92 cents. No 1 northern 92 to 98 cents, No 2 northern 87 to 90 cents, No 2 spring 87 to 90 cents. Durum 87 to 90 cents. Corn No 2 76 13 77 ¾ cents, No 2 white 78 to 80 cents, No 2 yellow 77 to 78 ¼ cents. Oats No 2 white 34 14 to 35 cents, standard 33 to 34 cents.
New York on September 10 reports Prime mercantile paper at 5 to 6 percent, sterling exchange weak with actual business in bankers bills at 4.83.15 for 60 day bills and 4.86.10 for demand. Commercial bills blank. Silver at 62%4¢, Mexican dollars 48%c. Government bonds firm, railroad bonds easy.
Money on call firm at 3 to 4 percent with closing bids at 4 percent and offerings near 4.2 percent. Time loans show strength with 60 days at 4 percent, 90 days around 5 percent, and three months at about 5.5 percent.
London copper firm spot seven pounds sterling and futures near eighty pounds. London tin eases with spot two hundred nineteen pounds ten shillings futures 217. London lead at twentyfive pounds sterling. London spelter twenty six pounds sterling fifteen shillings. Iron, Cleveland warrants sixty five shillings three pence.
In St Louis on Sept 10 lead rose to 5.2075 while spelter held firm between 7.25 and 7.30 as market activity remained steady.
New York, Sept 10. Coffee No 7 Rio 14 percent held steady with futures at December 13.88, March 13.83, and May 13.85.
New York on September 10 reports raw sugar steady with Muscovado 89 test at 3.86 dollars, centrifugals 96 test at 4.36, molasses 9 test at 3.61, refined unchanged, petroleum steady, hides and leather prices also steady.
New York opened steady to slightly lower as Gulf storm concerns and expectations of driving rains in the Carolinas and Georgia unsettled traders. Prices eased after early gains, with New Orleans steadying and spot demand weak, while futures showed modest declines amid selling by spot interests and liquidations.
Cotton futures opened steady with several contract months listed from January to December and closed steady as well. Prices show minor variations with values around 11.41 to 11.61 and mixed notes on bid offers and unsettled figures.
The Texas department of agriculture reports 467,590 bales ginned in August 1912, counting round bales as half. This compares with 421,010 bales ginned in August of the previous year.
Cotton exports by destination for the last week show Great Britain sending 13 725 tons, France 1 650 tons, the continent 4 622 tons, and Mexico and Japan 100 tons. Total figures indicate continued international demand.
New York September 10 The unfilled tonnage of United States Steel on August 31 totaled 6 163 875 tons compared with 5 957 079 tons on July 81 The figures reflect backlog in production and shipments across the steel giant's operations.
In New Orleans on September 10, cotton futures opened steady but fell 4.7 points on poor cables. The eastern belt is wet while the western belt dries. Reports of heavy westward movement and record ginning offset bearish conditions, with selling pressure and limited support as hours pass. Prices drop to 7 to 10 points under prior close by noon and slide further in the afternoon.
In New Orleans on September 10, cotton futures opened steady with September at 11.20b and May at 11.76, with other months ranging up to 11.65 for March. After trading, closes showed a net decline of 24 to 26 points, with values finishing around 11.24 to 11.80 across months.
Liverpool notices a quiet cotton spot with prices slipping across grades. American middling fair 7.45, good middling 7.05, middling 6.63, receipts 12,100 all American, sales 6,000 bales incl 5,100 American with 600 for speculation and export.
In Liverpool on Sept tenth futures opened easier and finished steady. Trading listed successive spread quotes from September through July to August with rates around 6.2 percent for several front and nearby contracts.
Kansas City market prices show cash wheat at No 2 hard 87 88 cents, No 2 red 96 1 cent, corn No 2 mixed 73 74. Oats No 2 white 24 34 cents, No 2 mixed 33 33 1/3 cents. September oats 32 32 1/2 cents, December 86 86 1/2 cents for wheat.
Leading spot market reports New Orleans on September 10 show cotton prices down fractions across classes. Sales on the spot reach 307 bales with receipts 467 and total stocks at 24,417.
On September 10 quotations listed Wheat No 2 red at 1 dollar 01 to 1 dollar 08 per bushel Corn No 2 at 77 to 78% cents No 2 white at 78 to 80% cents Oats No 2 at 81.5 to 82 cents No 2 white at 84 to 90 cents Wheat December 51 cents May 6 cents Corn December 50? cents May 51 cents Oats December 31% cents May 33 cents
Observations taken at 6 am Tuesday September 10 1912 record wind direction and velocity, temperature, rainfall, and overall weather state across columns. Data lists first column wind direction, second velocity, third temperature, fourth rainfall, fifth weather condition.
Galveston date shows spot cotton closing quietly with declines across grades from low ordinary to good middling. No spot sales and futures at 9.75. Receipts reach 39,082 with stock at 156,541.
Houston Texas September 10 spot markets closed steady with declines for some grades. Prices listed for low ordinary to good middling range from 6 cents to 11 1/2 cents per pound. Sales 367, shipments 20 181, stock 69 986, fob 2919.
New York on September 10 reports quiet spot cotton trading with middling uplands at 11.85 and middling gulf at 11.90 per bale. Sales tally eight bales.
Memphis Tennessee September 10 cotton spot remains steady with middling at 11 percent.
In Memphis on September 10 cottonseed products show prime basis oil at 5.34 to 5.47, meal quoted 26.50 to 27.00, and linters around 2 percent at 74.00. Market notes reflect typical price ranges for the period.
New York reports cotton seed prices across months with spot and futures quotes. Trades include 300 sold at 6.50 for September and 800 at 6.37 for October, totaling 16 200 in sales with multiple late-session transactions and scattered bids.
Cotton belt weather from Dallas reports clear skies with temperatures ranging from 80 to 94 degrees. Conditions are favorable for field work as warm afternoons give way to cooler evenings across the region.
Cotton is being marketed fast here with pickers in great demand. A local exchange joke references Mrs Devore Jones Why and Mrs Tootson as players, noting a piano tuner line from the London Opinion, illustrating bustling town chatter.
Union Stock Yards reports heavy receipts across cows calves horses hogs with prices steady from prior day. Best cows reach 4.25 dollars, bulk 3.60 to 4.25. cash pens top at 5.00, bulk 4.50 to 4.75. Hog top noon 8.50, quality uneven, no sheep or goats offered.
The copper producers association line shows August stocks on hand fell by 3,673,047 pounds from July. Total production reached 145,628,521 vs 137,161,129 in July, with domestic deliveries at 78,722,418 up 7,628,037 and foreign deliveries of 70,485,150 up 10,363,819. Total deliveries totaled 148,207,568 pounds, surpassing July by 17,991,856.
Copper firms show mixed ranges with spot prices around 17.25 to 17.75 and September readings near 17.25 for electrolytic and casting variants. Tin and lead hold firm with spot tin near 48.12 to 48.25, lead around 5.00 to 5.20, and spelter steady at 7.25 to 7.50. antimony quiet with Cookson's at 8.45.
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