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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 25, 1912
Page
11
Observations at 8 a.m. show air pressure at sea level and isotHerms for temperature. Forecast for San Antonio and East Texas calls for fair skies, colder nights, with possible coastal showers and frost in northwest areas. Precipitation yesterday was none. total since January 1 is 16.77 inches with 5.75 inches deficiency.
Mexican lemons plus a few Californian options are moving, at 4.50 to 5 per box, offering a cheaper alternative amid weaker California prices around 8 to 9 per box. Other grains and staples show declines or steady prices with corn meals down two cents per sack and soft white wheat in short supply. Butter remains high with Elgin creamery butter down ¼ cent weekly. cotton compresses report record activity and shipments toward San Antonio and Port Aransas.
New York reports stable cotton goods markets with dull export demand. Jobbers show moderate steady business across general lines while hosiery underwear flannels and dress goods see stronger activity.
Weather report from San Antonio Texas notes generally fair conditions. Temperatures near normal overall with warmer readings in the southwest. Rainfall over an inch reported at Quitman. Allen Buell Local Forecaster Weather Bureau reports.
Union Stock Yards reports Sept 25 receipts of 216 head with 72 cattle and 49 calves. Best cows to 4.25, calves to 5, hogs around 8.50. grown cattle mostly 3.50 to 4.25. Local packers buy cattle in the country, reducing local offerings and pushing need for another packing plant.
Col. Ike T Pryor vice president of the Texas Cattle Raisers Association returns from a three week northern trip. He notes healthy markets but says Southwest Texas lacks cattle to ship while Trans Mississippi leaders predict rising beef and mutton output. Hal Mancum joins Pryor with little new stock news.
Paris reports three per cent rentes at 91f 30c on account and London exchange at 2844c for checks. Private discount rate stands at 3 per cent.
Live Stock Market at Fort Worth shows slow railroad movement and steady demand. About 6200 cattle and 2500 calves on hand with 2500 hogs, 750 sheep, and 100 horses and mules. Prices: beef steers 5.00 to 5.60, cows 3.00 to 5.00, bulls 3.00 to 4.00, stockers 3.75 to 6.26, calves 4.50 to 8.00, hogs 8.00 to 9.05, sheep 4.00 to 4.25. Hogs active, sheep steady. cattle receipts 6200, calves 2500, hogs 2500, sheep 760.
Receipts today total 8000 cattle with 3400 Texas stock and 7500 hogs and 5000 sheep. Native beef steers bring 6.50 to 10.70. Texas steers 4.00 to 8.00. cows 5.00 to 7.50. Hogs range from 6.25 to 8.85 for pigs, lights, and butchers, with heavy at 8.58 to 8.75. Native muttons 3.75 to 3.85. lambs 5.50 to 7.00.
Kansas City reports for September 25 show cattle receipts around 11 000 with a mix of native and southern steers and cows trading steady to weak. Hogs receipts near 6000 with most sales around 8.45 to 8.70 per unit and higher early. Sheep receipts about 17 000 with muttons around 3.56 and lambs near 6.00 to 7.26, range ewes and yearlings about 4.00 to 6.50.
Chicago today reports cattle receipts 16 600 with slow generally steady trade. Hogs receipts 18 000 with prices up to five cents higher. Sheep receipts 44 000 with market steady to ten cents lower and varied by class and origin.
Chicago Sept 25 Wheat rose to 91 1 4 cents as cold northwesterlies boosted prices. December opened higher and firmed to 91 1 4 cents before settling steady. Corn gained 1 4 to 2 4 cents with December around 53 68 4 cents. Hog prices fell for bears while pork lard and ribs moved modestly up on January contracts.
Quotations for today show No 2 red and hard wheat at around 91 to 94 cents, corn mixed at 3 price ranges, oats at about 35 to 36 cents, and various wheat futures with September at 9 to 10 cents, December to May contracts listed with minor shifts. Trading activity concentrates on nearby contracts with modest volatility across grains.
Quotations list cash wheat and corn futures with assorted grades and prices. The report cites No 2 red wheat at 1.03 to 1.06 and No 2 corn around 72 to 74 cents, with December and May futures noted for wheat and other grain figures.
Chicago market notes list cash wheat and corn values across grades with No 2 red No 2 northern and No 2 spring figures for prices and premiums. Oats and barley are cited with corresponding bid ranges and standard quotes reflecting daily fluctuations.
New York opened steady to two points lower to two points higher as investors covered on forecasts of very cold western weather. Active months eased 3 to 4 points at times, then firmed 1 to 3 points by mid day. Spot was quiet with middling uplands at 11.75 and overall activity remained unsettled amid rumors on the national condition report.
New York reports steady starts for cotton futures with bids on March and May contracts at 11.65 and 11.74 to 11.76. The day ends barely steady, with closes near opening levels as market chatter repeats through the session.
Cotton futures opened steady with a small decline then slipped 2 to 4 points before recovering on forecasts of fair colder weather in the western belt. Traders eyed frost in Oklahoma and Arkansas and Texas, with support from improving crop conditions and bearish government ginning figures. The market moved to a dull but steady tone by noon, with a net advance of 0 to 5 points.
New Orleans reports September to May cotton futures opening steady with prices listed for each month. Final closes show a slight overall decline of 1 to 4 points, with trading activity noted across nearby and forward months.
Spot cotton shows limited demand with prices steady led by American grades. Midpoint levels include American middling fair 7.24d and good midling 7.02d with lower ranges 6.46d to 5.46d. sales reach 5000 bales, 300 for speculation and export, receipts at 5200 American bales.
In Liverpool on September 26 futures opened and closed quiet with settlements across the strip. Key bids show Sept 6,484 and Oct 6,39d while Nov-Dec and Jan-Feb spreads sit around 6.29% to 6.32d, indicating steady demand and modest shifts.
Boston reports domestic wool demand steady across lines with quiet overall activity. Good sales noted for medium nearby fleeces and Tex and California wools. Texas 12 months steady sales. Quotations show varied blood grades with unwashed and scoured prices across Wisconsin Missouri Kentucky and Texas regions.
The report lists mid price levels for several markets: New York at 11.75, New Orleans at 11 g, Liverpool at 6.66, Houston at 114, Galveston at 11 13-16, and Memphis at 11 percent, indicating mixed trading across major hubs.
Spot cotton in New Orleans on September 26 showed steady rates with mixed quotations from low ordinary to middling levels. Receipts totaled 3 835, stock at 89 889.
In Memphis Tennessee on September 25 the cotton market remained steady with prices unchanged at middling 11 percent.
Markets follow today with butter prices firm as creamers and dairies report steady quotes. Eggs steady with receipts 7586 cases and mixed firsts at 20420 and 2215¢ per dozen. Cheese firm with varied cloths. poultry alive steady with turkeys at 13 to 14 cents and chickens at 14 cents. Veal steady at 9 1 2 cents.
The note lists butter and egg pricing terms from a creamery: firsts and seconds for butter with cents per pound or unit, packing stock and percent grades, and egg categories extras firsts seconds with different cent values. It reflects a historical market price reading.
Quotations from St Louis on September 25 show poultry mostly quiet with chickens at 12 to 13 cents, springs 14 to 15 cents, turkeys 11 to 12 cents, ducks 11 to 12 cents, geese at 8 to 9 cents. Creamery prices steady at 26 to 30 cents and eggs firm at 22 to 24 cents per dozen.
Gainesville Texas reports cotton receipts at the Gainesville compress reaching 9210 bales through Tuesday, an increase of 3500 compared with the same date last year.
Prime basis 6.34 for cottonseed meal. linters 242. New York spot price 6.26 to 6.29 with various futures bids and small lots traded. September to January entries show prices around 5.90 to 6.10 with occasional lots at 6.08 to 6.10 and limited volume traded.
Raw sugar remains quiet with Muscovado 89 test at 3.7 cents, centrifugal 96 test at 4.32 cents, and molasses sugar 89 test at 3.48 cents. Petroleum and molasses stay steady while hides and leather remain firm in New York trading.
Lead held steady at 5.00 to 6.02 with mixed futures while spelter strengthened to around 7.50 as traders noted firming sentiment in the metal market from St Louis on September 25.
Reports from national banks in reserve cities show a forty percent reduction of excess loans since the June 14 call by the comptroller of the currency. The total excess loans now amount to 999,000 dollars versus 1.5 million previously.
London copper and tin quotes show quiet trading with spot and futures prices in pounds sterling. Lead and spelter values listed with exact pence figures. market ledger includes warrants noted in Lon. prices and terms.
New York produce reports show receipts of 10 715 with stable prices amid a steady market. Trade observers note no significant shifts in demand for citrus and lettuce as wholesalers maintain footing in a cautious season.
New York stock dealings show brisk activity with industrials and specialties leading gains. Great Northern Ore and Western Maryland rise while Reading Lehigh Valley and Atchison ease slightly. copper stocks firm. call money opens at 5 percent and later climbs, market closes irregularly after mid day strength.
Copper, tin, lead and zinc prices listed in New York on September 25 show firm trends for tin and lead while copper options vary with spot and futures bids. Aluminum, antimony, and zinc quotes appear steady with several North and South range figures.
New York on September 25 saw call money touched at 7 percent just before the close, the highest rate recorded this year on the stock exchange.
Dallas September 25 Texas weather bulletin notes noon temperatures from 55 to 82 with partly cloudy conditions across the cotton belt.
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