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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 12, 1912
Page
9
Explanatory notes from the Weather Bureau describe Isotherms and isobars, with observations at 8 a.m. The forecast issued for Thursday night through Friday predicts fair conditions for San Antonio and vicinity and generally fair weather for East Texas.
Local gins and two compresses are operating full shifts, processing about 2000 bales daily. C L Turner of the Western Union Telegraph Co says the Texas belt is moving cotton steadily with no farmer-held back, and markets expect a strong price for this year’s crop. He notes favorable conditions along the Dallas line, white blooming bolls, and a picker shortage as the main current issue.
Prices paid shipper for large hens to turkeys and fruits to vegetables. Includes butter eggs cheese canning goods meats lard sugar coffee and canned goods with per unit and per case rates. Details cover peppers, onions, cabbage, tomatoes, apples, pears, grapes, oranges, lemons, limes, peanuts, pecans, figs, prunes and more with regional sourcing like California Texas and Colorado.
Sept 12 Union Stock Yards reports 450 head received including 220 cattle 115 calves 10 horses 20 hogs and 80 sheep. Cows sold steady with best values 4.25 and bulk 3.50 to 4. Calves 4.75 to 5 hogs 7.50 to 8.26 while sheep sold later in the afternoon after a dull morning session.
The September circular from the Fourth National Bank of New York notes abroad monetary shifts and domestic efforts to prepare for autumn currency outflow in crop districts. Banks aim to promote business and finance industrial growth, with large steel sector financing and building projects resuming nationwide as capital becomes available.
Chicago market notes butter eggs cheese and potatoes with quoted ranges for creamery butter 24 to 28 cents and eggs 17 to 19 cents per dozen receipts 6391 cases. St Louis reports poultry weaker chick avers 11 to 15 cents, turkeys 16 cents, ducks 9 to 12 cents, butter 25 to 29 cents, eggs 20 cents.
Quotations today show butter at Creamery 26c with firsts 24 3 4c and seconds 22 3 4c packing stock 20c Hees extras 23c firsts 21c seconds 16c Prices reflect typical dairy and egg trade indicators in the Kansas City market report dated September 12.
London spot copper 78 pounds 6s per unit with futures at 29 pounds 34s. Tin firm with spot 222 pounds 5s and futures 218 pounds 5s. Local tin sales total 45 tons. London lead at 23 pounds. spelter 27 pounds. Iron warrants in Cleveland. 668 fled in London.
A Cleveland Plain Dealer quotation centers on a stock market scene in St. Louis with a lead firm at 6.02 percent and Speller at 7.30 percent. A wordy medic urges growth in daily routine while a patient compares himself to a bareback rider in a one ring circus.
Fort Worth market reports a slow day with light beef steer receipts and scarce stockers. Calves sold up to 7.25 while hogs topped at 9.30 with poor quality, and sheep remained steady with about 800 head on hand. Cattle receipts about 2400, hog 600, lambs around 6 noted.
A L McFadden president of the Texas Cattle Raisers association is in Fort Worth en route home from Colorado praising strong crop prospects and opposing free meat import plans. Ed Lasater reports routine committee work and a prosperous year for Texas cattle. Australia’s royal tick commission toured Fort Worth stockyards and noted cattle bought by the head rather than by the pound. J B Strait of Big Wells said bumper crops keep farmers busy while stockmen remain hopeful about future markets.
Cattle receipts 5500. market slow to lower with Reeves 5.15 10.70, Texas steers 4.75 6.40, western steers 5.76 9.30, stockers 4.25 7.00, cows 3.00 7.75, calves 8.50 12.00. Hogs receipts 20000. market steady to shade lower with light 8.36 9.00, mixed 8.05 9.00, heavy 7.86 8.80, rough 7.86 8.60, pigs 5.50 8.26, bulk 8.25 8.76. Sheep receipts 22000. market steady to strong with native 8.50 4.75, western 3.60 4.70, yearlings 4.70 5.80, native lambs 4.85 7.65, western 5.60 7.70.
Kansas City today reports cattle receipts 4500 with steady market native and southern cattle priced from 3 25 to 10 50 and stockers 4.00 to 7.35. Hog receipts 5500 with prices from 6 25 to 8 90 and bulk sales 8 50 to 8 85. Sheep receipts 4000 with muttons 3 75 to 4 60 lambs 6 25 to 7 50 and yearlings 4 0 to 5 75.
Receipts total about 6000 cattle 800 Texas steers native beef steers bring 5.50 to 10.50 per cwt with cows and heifers 4.09 to 8.75 stockers 3.75 to 7.25 Texas and Oklahoma steers 4.00 to 8.00 cows and heifers 5.50 to 7.50 calves in car loads 5.50 to 8.59. Hog receipts 6500 market steady with pigs and lights 6.00 to 9.10 mixed and butchers 8.65 to 9.10 good heavy 8.85 to 9.00. Sheep receipts 3500 market steady native mutton 38.75 to 4.00 lambs 5.50 to 7.45.
Trade notes show Coffée Rio 14%c futures holding steady in New York on Sept 12 with December at 13.95 and March at 13.94 as market activity reflects a stable futures curve.
Chicago market reports selling pressure wipes out early gains in wheat futures with December sliding from 91% to around 90% for a drop of 4% and corn declining from 52% to 82 cents amid abundant receipts and favorable crop conditions. Provisions hold steady as hogs trade near flat.
Quotations listed for cash wheat, corn, and oats. Wheat prices include No 2 red at 1.04 to 1.06 dollars and No 2 hard at 91 94 1/2 cents, with other grades shown. Corn and oats prices for No 2 and white varieties, plus standard oats, are provided.
Quotations listed for September December and May delivery show wheat at 87% cents per bushel for September and 8542c for December with May at 89% cen ts. Corn prices run 47% to 47%c for September December and May with oats at 22c for December and 4ac for May.
Quotations show cash wheat with prices for No 2 red and hard grades, corn values for No 2 and white, and oats figures for No 2 grades. December and May futures for wheat corn and oats listed with fractional cent values in the St Louis market report.
In New Orleans on September 12 rough rice traded firm while clean rice remained strong. Sales included 2475 Honduras rough at 3.75 to 4.25 and 697 Japan rough at 4.31 to 4.41 with 4778 Honduras clean at 3.5 and 900 Japan clean at 3. forecasted quotations show rough Honduras 3.75 to 4.25 and Japan 4.81 to 4.41 with clean Honduras 4% and Japan 3 to 4 cents.
New York reports steady cotton goods markets with a firmer price trend. Jobbers note active trade with nearby retailers as worsted yarns stay firm and knit goods and hosiery see fall delivery demand with mills already engaged for three months.
London reports 33,000 pounds sterling withdrawn from the Bank of England for shipment to Germany. The move reflects German assets transfer as part of wartime financial measures.
Sherman Texas September 12 a local cotton company estimated Taylor county will produce 65.0 bales of cotton this year and noted expected yields in the area.
New York markets show raw sugar Muscovado 89 test at 3.86 cents per pound and 96 test at 4.36 cents. Refined sugar steady while petroleum and molasses hold firm. hides and leather show strength.
The cotton market opens firm on better cables and storm worries in the eastern belt. Prices push as traders cover, with New York up 18 to 360 points at times while Liverpool rises and spot prices hold around middling uplands at 11.65.
The market showed firm opening with quotations for January through December futures at various bid and ask levels. Closing was described as steady with mixed intra day highs and lows across contracts.
Cotton futures in New Orleans opened steady to 11 points higher as storm warnings buoyed bullish sentiment. Rains in the eastern belt and dryness in the west affected prospects, private cables staying bullish, and large traders in Liverpool seen as positive. By 2 pm prices stood 20 to 21 points above yesterday’s final.
Cotton futures closed steady with a net advance of 20 to 28 points. Prices showed opening bids for September at 11.18 and March at 11.73, with May near 11.84 as figures for other contracts fluctuated through the session.
Spot cotton in fair demand with price quotes across grades. American middling fair at 7.464 pence, middling 6.724 pence, low middling 6.48 pence. Sales day total $000 bales, 800 for speculation and export ads 7000 American. Receipts $000, no American.
Futures opened quiet and steady in Liverpool with a list of season swap quotes for Sept through July forecasts. Key spreads include Sept Oct 6.29d and Dec Jan 6.22d, showing a calm market tone for the period.
Leading markets in New Orleans show quiet spot cotton with slight gains across grades. Middling and strict middling hover around 11 to 12 cents, with receipts of 1284 bales and stocks totaling 26,136. sales on the spot reach 125 and 600 bales for arrival.
Galveston Texas on September 12 reports spot cotton closing steady with gains of 4 cents for several grades. Prices ranged from 8 to 12 1/8 cents, with middling at 11 9/16 to 11 11/16 cents. Sales totaled 119 bales. receipts 17,618. stock 161,288.
Spot cotton closed steady with quotes at 6 1 2 to 11 1 2 cents. Reported sales 548 bales with shipments 15 188 and total stock 70 286, as of September 12.
Spot cotton closed steady with uplands at 11.75 cents per pound and gulf at 12.00 cents. No sales were reported.
Memphis spot cotton in Memphis Tennessee on September 12 holds steady at middling 11 cents.
Cottonseed products report from Memphis dated September 12 shows prime basis oil at 5.34, meal trading 26.50 to 27.00, and linters at 2 percent 4 cents.
New York markets show near steady close for cocoa with spot prices around 6.40 and various futures quotes from September through March. Trades totaled about 100 dollars in sales amid limited activity and scattered bid offers.
The New York copper and metals market shows spot prices for copper, tin, lead, and zinc with quotes ranging from 1 1/7 percent to 171.17 cents, plus bid firm levels for antimony and related metals. Market notes indicate slight firmness or unchanged levels across several categories.
At the September meeting of the New York cotton exchange revision committee, premiums on high grades for New York Contracts were cut. Notable changes include reductions from 175 to 150 on fair and from 160 to 150 on strict middling fair, with further drops across middling fair strict good middling fully good middling good middling barely good middling strict middling full middling and strict good middling tinged. Differences hold until the next committee meeting on November 15, 1912.
Galveston dispatch notes arrivals yesterday include steamers El Dia from New York, Nueces from Key West, Mercedes de Larrinaga, Amsterdam. Cleared yesterday El Norte for New York and port calls to Bluefields, Port Limon, Tampico, and Berwind. Sailed yesterday Brazos for New York, Jura for Hamburg, El Rio for New York, William Cuift for Liverpool, and F J Luckenbach for Baltimore.
London notes Consols about money values with bar silver steady and short bills at fractional gains. New York reports money on call strong with rates near five percent and active time loans across 66 and 54 day durations.
A statewide remark notes fair weather overall with unsettled eastern areas bringing some rain. Temperatures run above normal and rainfall totals of an inch or more are reported at Quanah St George Charleston Yamassee Blackville Camak Washington Gainesville Madison Quitman and Thomasville.
Observations recorded at 8 pm on September 12 1912 include wind direction and velocity, temperature, rainfall, and weather state across five columns. Data entries present unspecified values for each parameter.
New York trading opened with an irregular tone as Reading gained briefly then fell back. Steel Amalgamated Smelting Union Pacific and Great Northern rose modestly while Atchison Louisville and Nashville lagged. Money dominated activity with rates near 5 percent and limited exchange movement.
Merchants and shippers nationwide warn of a looming freight car shortage that could hinder winter trade growth. Buffalo reports 400 to 500 cars short on the Lackawanna line, with congestion at Chicago Kansas City Minneapolis Duluth and Toledo terminals. Railroads see increased demand for cars, especially in the Pittsburg steel and cement sectors, while crews and power remain strained. Public and private efforts urge faster unloading and earlier ordering to ease bottlenecks.
New York market summary reports a weak exchange with actual bills at 4.82.60 for 60 day and 4.85.60 for demand. Prime meres tile paper 3 6 per cent. commercial and government bonds steady. Silver and Mexican dollars quoted, railroad stocks noted as steady.
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