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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 14, 1912
Page
7
Market reports show California bean prices climbing with lima beans damaged 10 to 30 percent and supply tight nationwide. Prices for potatoes, rice, and other commodities also edge up as growers face shortages and transport delays while local buyers absorb higher retail costs.
New York reports eggs steady with no change as receipts total 538 cases. Market observers note stable prices and consistent demand for at least today.
New York trade note reports No. 7 Rio coffee futures quiet with December at 13.96 and March at 30.4 cents per pound.
Wool markets in St Louis hold steady with Merino grades and combing wool quoted firm. Prices range from 18 to 26 cents for various qualities including heavy fine and tub washed grades.
Observations from 8 a.m. report air pressure, temperature, and precipitation. Forecast for Fort San Antonio and East Texas calls for unsettled weather with showers in the north portion and cooler temperatures inland.
Sept 14 at Union Stock Yards shows few traders on a light Saturday market. Cows sold around 4.35, calves 5, hogs 8.60 with overall week’s activity satisfactory and stockers clearing well. lean cows appeared, but demand for feeder cattle remained strong.
Butter steady at 24 to 28 cents a pound for creamery and dairy products. Eggs steady with 4876 cases on hand. ordinary firsts 19 cents and firsts 21 cents. Cheese steady with various brands and grades listed. Potatoes steady with receipts 68 cars from Michigan Minnesota and Wisconsin at 40 to 48 cents. Poultry steady with turkeys 38 to 38.5 cents. chickens heavy 18 cents. hight 12 cents. springs 5 cents. Veal steady at 9 to 14 cents.
St Louis market quotations show poultry dull with chicken prices at 15 4c to 16c, turkeys 16c, ducks 12c, geese 10c. Butter creamer 25 29c, eggs firm at 20c.
Quotations dated today show butter at 26 45 cents for creamery, firsts at 26 4? cents and seconds at 22 4 cents, packing stock 20 21 cents. Eggs listed as extras 23? cents, firsts 21 cents, condensates 11 cents.
Raw sugar and petroleum show steady pricing with Muscovado 89 test at 3.86 cents and 96 test at 4.36 cents per pound. Refined sugars hold at 5.80 to 5.20 dollars per hundredweight, while molasses sugar and refined petroleum also unchanged. New Orleans open kettle hides and leather firm.
Dallas Texas reports midday temperatures in the 85 to 95 range with partly cloudy skies. Light scattered showers were observed early today in North Texas as the cotton belt conditions remain variable.
The weekly statement shows actual conditions of clearing house banks and trust companies with a reserve of $3,619,750 above legal requirements, an increase of $868,650.
Galveston dated September 14 lists arrivals from yesterday including Progreso Nor, Progreso, El Oriente, New York Sculptor Br, St Lucia. Cleared ships Erika Ger via Norfolk, Harry T Inge Nor, Bocas oera to Imataks via Norfolk, Liverpool via Norfolk. Also noted are Teviotdale Br via Rotterdam, Senator Nor, Pronteranefields Nor, Port Neiman, Auguste arce lone via Norfolk, Erika Ger via Norfolk.
Observations from San Antonio Texas report unsettled weather for the Houston district. Temperatures run above normal with rainfall of an inch or more at Tulsa Oklahoma Marianna Evergreen and Mobile. Allen Buell local forecaster Weather Bureau.
Fort Worth Texas September 14 beef cattle receipts larger than usual for Saturday morning with 780 cattle 265 calves 1049 hogs 126 sheep and 46 horses and mules. Two loads of killing stock Mexicans brought 4.10 and 3.85 per cwt. Hog top reached 9.32 dollars. Sheep and cows were steady with road cows at 3.85. A 15 load direct shipment of about 1000 head went to packers.
Chicago market report shows cattle receipts 500 with slow demand and prices ranging from 3.00 to 58.00 per head across categories. hog receipts 6500 with prices from 7.96 to 9.05 for various cuts. sheep receipts 2000 with steady demand and prices from 2.60 to 7.76 for natives and westerns and yearlings.
Receipts totaled cattle 800 with 300 Texans, hogs 4000 and sheep 700. Cattle markets were steady with native beef steers 5.50 to 10.70, cows and heifers 4.00 to 8.50, stockers 7.25 to 8.75, Texas steers 4.00 to 8.00, calves 5.50 to 8.50. Hogs ranged 6.00 to 9.10 for rigs and lights, 8.80 to 9.10 for mixed to butcher, heavy weights 8.85 to 9.00. Native lambs 3.75 to 4.00, lambs 5.50 to 7.45.
Receipts and prices for cattle hogs and sheep reported in Kansas City on Sept 14. Cattle receipts 400 with steady market. native steers 6.50 to 10.70, southern steers 4.25 to 6.50, cows and heifers 3.25 to 8.25, stockers 4.50 to 7.50, calves 5.60 to 9.25. Hog receipts 1000, market strong. bulk 8.45 to 8.80, feeders 8.40 to 8.75, packers and butchers 8.50 to 8.85, lights 3.60 to 8.85, pigs 6.25 to 7.25. Sheep receipts 500, market steady. muttons 3.50 to 4.50, lambs 6.25 to 7.40, wethers and yearlings 4.00 to 5.75, ewes 2.50 to 4.26.
New York money on call remains nominal while time loans show firmness. 60 day bills quoted at 5 percent, 90 days at 4 percent, 6 months at 6 percent, with other notes around 5 percent and 6 percent in varied formats.
Freezing Canada temperatures after rains lifted wheat futures with December starting at 91 cents and rising. corn gained on frost fears. Prices for pork and other provisions nudged higher while overall pork and rigs traded, but wheat closed weaker net.
Chicago quotations show cash wheat prices for varieties including No 2 red at 1.04 to 1.06, No 2 hard 98 to 95 cents, No 1 northern 93 to 95 cents, No 2 northern 92 93 cents, No 2 spring 90 to 93 cents, with durum 87 to 90 cents and corn No 2 around 70 to 71 1/2 cents.
Quotations rise from Sep to May for wheat corn and oats in Kansas City today. Cash wheat No 2 hard 88 88 1 2 c, No 2 red 96c. Corn No 2 mixed 70 71c, No 2 white 74c. Oats No 2 white 35 1 2c, No 2 mixed 34c. September wheat 89 3 4 c, December 85 3 4 c, May 90c. Corn September 68c, December 47 3 4 c, May 41 8 1 2 %e. Oats December 82 1 2 c, May 34 3 4 %.
The Gulf storm passed inland with minimal damage to the cotton belt and prices drifted. Cotton opened steady and fell 4 to points, then recovered before slipping again, ending the week 6 to 16 points below Friday's close as traders closed out positions.
New York cotton futures showed mixed opens with January at 11.67 68 and February 11.76 bid while March touched 11.868 86 and May 11.93 94. October stood near 11.61 52 and December around 11.59 61. The session logged highs and lows across months with closing at 11.76 for February and 11.59 for December.
Cotton futures in New Orleans opened steady with a 12 to 15 point decline as cables weakened and no serious storm damage reports emerged. Weather maps showed light rains in the eastern belt, winds but no damage, and Gulf signals were lowered signaling the storm no longer menacing. By midmorning, activity slipped 15 to 16 points as buyers stayed absent.
The market closed steady with a net drop of 18 to 19 points. Price quotes show September at 11.48 and October at 11.61, with several months including December 11.73 and January 17.77 showing varied trading activity and minor shifts across near term maturities.
Spot water five points higher on September 14 in Liverpool. American middling fair 7.464, good mids 7.16d, middling 6.80d, low middling 6.56d, good ordinary 6.04d, ordinary 6.60d. Sales 6000 bales with 500 for speculation and export and including 2900 American receipts 6000 bales including 500 American bales.
Futures in Liverpool opened steady and finished easy with December 6.32d and March-April 6.34d among the listed contracts. Prices for Sept and Oct contracts ranged around 6.51¢ and 6.394d respectively, with several forward months quoted in the 6.3d to 6.37d region.
Prime basis oil 5.34 47, meal 26.50 27.00, linters 2% and 4c. Sent from Memphis Tennessee dated September 14 noting price quotes for cottonseed products including oil meal and linters.
The report shows spot prices at 6.40 for November 86.42 for 6.45 and October at 6.23 6.24. Trading details include 500 sold at 6.24 in November and a sequence of monthly prices from December through May. First to second call sales enumerate September 400 at 6.40 and 300 at 6.41, with totals totaling 6800 units.
Spot cotton in New Orleans remains steady with middling at 11 16c. Sales total 90 bales on spot with 750 bales to arrive. Receipts 395 bales. stock 26,998 bales. Prices quoted for various grades range from 7 3/4c to 18c, with margins noted for different standards.
Quotations show wheat at No 2 red 1.00 to 1.022 dollars, No 2 hard 90 to 93 cents, corn No 2 71 to 12 cents, No 2 white 76 cents, oats No 2 32 to 33 cents, No 2 white 35 to 39 cents. Closing: wheat easier December 91.5 cents, May 92 cents. corn firm December 49.5 cents, May 50 cents. oats firm December 32.5 cents, May 34 cents.
New York on September 14 reports a firm sterling exchange at 4.83 for 60 day bills and 4 85.75 for demand. Silver quoted at 63 cents per ounce and Mexican dollars at 48 cents. Government bonds are described as heavy while railroad bonds hold steady in today's trading.
Spot closes steady to firm with ranges from 73 16c for low ordinary to 12 4c for middling fair. Sales total 1472 bales on f o b basis. Receipts reach 18 751 bales and overall stock stands at 187 539 bales.
Copper firm at spot 78 pounds 6s 3d with futures at 79 pounds 5s 9d. Tin holds at spot 224 pounds 10s and futures 222 pounds. Local exchanges report 15 tons traded. London lead at 22 pounds 10s, local sales totaling 56,000 pounds. Spelter 27 pounds. Iron: Cleveland warrants 66s 9d in London.
Spot cotton in Houston on September 14 closed quiet and unchanged. Prices ranged from low ordinary Te to good middling 12c, with middling at 11c and middling fair 12¼c. Sales were zero, shipments 18,752 bales, stock at 73,020 bales.
London dispatch reports 64,000 pounds sterling deposited at the Bank of England while 60,000 pounds in German coin was withdrawn for shipment to Germany. The moves reflect currency handling and international trade activity at the financial center.
Approximately 16,000 bales of this year’s cotton have been marketed at Lockhart Texas. Some farmers keep cotton for higher prices. An organizer for a proposed institution plans to issue scrip valued at ten pounds per bale on ninety days, at 4 percent interest, promising 15 cents as final price, as he forms a cotton farmers group.
Memphis reports spot cotton up four cents with middling at 11 percent. New York spots show middling uplands at 11.90 and middling gulf at 12.15, with no sales recorded.
Paris reports three percent rentes at 21 francs 5 centimes. Exchange with London at 25 francs 28 centimes for checks. Private discount rate set at 2 percent.
A London market note shows Consols at 74 18, Bar silver steady at 28 1 2 money, short bills 3 4 5. A Washington Chronicle quip recaps a Western summer tale where a cowboy and a girl joke about notches on a pistol and parasol handles before a marriage proposal is reconsidered.
The Dietetic Gazette notes salt is indispensable in most foods, with fruit as a possible exception. Worldwide salt use varies, with the United States producing over 4,000,000 short tons and per-person allowances differing across nations. Monopolies taxed salt heavily. reforms occurred in the 18th and 19th centuries, but Italy still relied on salt revenue in 1897-98, with high prices and enduring social value among the poor.
New York opening shows little change with a mainly upward tilt as investors await the bank statement due at noon. Louisville & Nashville falls a point while overall activity is dull and prices drift downward amid low reserves and cash losses. Copper and iron markets show nominal moves in metal trading. Lead and spelter in St Louis also steady in early trading.
Haweii furnishes government with the army's cheapest ice at one cent per hundred pounds, with monthly use about 450000 pounds. In Chicago the army pays 25 cents, with higher rates reaching 75 cents in other places.
Bradstreet s Weekly Review of Trade reports sustained vigor in trade despite heat in the southwest and rising activity in the west and northwest. Optimism centers on near term demand for goods, with jobbers prominent and manufacturers busy filling orders. Dry goods, road sales, and mail orders rise as interior merchants push for prompt shipment.
Fred M Robbins operates a mobile Bible mission in Wilbraham Massachusetts. His wagon bears Biblical inscriptions and carries multiple Bible versions including Douay King James and Revised. Robbins distributes Bibles to families without them and uses the vehicle as his home and kitchen while visiting sparsely populated areas.
Charles Anderson near Hammond joins the Bull Moose party after July critique of Taft policy. A two headed calf appears and chaos follows on his farm with reblooming blossoms, double strawberry crops, hens laying twice daily, and unusual animal behavior described in a humorous local notice.
A fragment notes a passenger aboard a German steamer experimenting with remedies for a pancake condition as the ship’s crew moves on. The text references Preisselbeeren and the line’s steamers, but details are sparse and non-specific.
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