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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 29, 1912
Page
15
Observations at 8 p m central time show air pressure at sea level and isotherms indicating temperature fronts. The report notes wind directions and precipitation thresholds with daily and monthly temperature excess totals and total precipitation figures for San Antonio Texas dated September 28, 1912.
In New York on Saturday Amalgamated Copper and U S Steel hit year’s highs and closed near the top as the market benefited from a strong bank statement and solid earnings outlooks. Wheat and corn crops show record prospects despite northwest frosts, while copper remains firm amid a Utah strike.
New York on September 28 reports the last sale on the stock exchange with closing positions reflecting a week of varied performance. Prime commercial paper 6 percent, sterling exchange steady, bankers bills 4.85 for sixty day bills and 4.85.25 for demand, commercial bills 4.83 percent, bar silver 63 percent, Mexican dollars 48 percent. Government and railroad bonds steady.
New York reports metals quiet with Lake and electrolytic copper around 17.62% and 17.25 for casting while iron holds. antimony firm at 9.87. Lead steady around 4.97 and pelter near 7.45. Money on call nominal with time loans firm at 5 percent for sixty days, six months 4 1/2 percent.
Boston report shows Arizona Commercial 455, Calumet and Arizona 62, Greene-Cananea 9%, North Butte 34, Siar stanzas. Readers note market close figures and brief commodity results.
Hides firm with Hem-Joc firsts at 26 to 27 percent, seconds 25 to 26 percent, thirds 22 to 23 percent, rejects likely. Market activity notes include location New York and date September 28.
Al McFaddin president of the Texas Cattle Raisers Association arrives from Fort Worth and voices confidence in a prosperous livestock outlook. He cites bumper forage crops and expects fat cattle to reach markets while warning beef prices may rise due to sustained demand and cattle shortages. He urges eradication measures and silo expansion to bolster stock production.
Stocker steers and calves led the decline as prices fell 15 to 25 cents for stockers and 25 to 60 cents for calves. Cows remained about steady while hogs slipped five cents. Receipts totaled 570 cattle, 200 calves, 450 hogs and a few horses and mules. top cattle about 8.45 while hogs ranged to 8.96.
Chicago price report shows cattle receipts 400 with dull market. Beeves sell from 5.65 to 11.00, Texas steers 4.60 to 6.20, western steers 5.90 to 9.30, stockers 4.40 to 17.60, cows 2.90 to 7.85, calves 8.00 to 11.75. Hogs receipts 7000 with dull market and losses around six cents. Light hogs 8.25 to 8.80, mixed 8.20 to 8.86, heavy 8.00 to 8.80, pigs 6.25 to 8.20, bulk 8.35 to 8.70. Sheep receipts 2000 steady market. native ewes 3.50 to 4.50, yearlings 4.50 to 5.50, native lambs 4.75 to 6.95, western 4.85 to 7.35.
Receipts and quotations for cattle hogs and sheep in Kansas City today show cattle receipts 600 with 2006 southern head steady markets. Native steers range six to ten ninety, southern steers four twenty six to six dollars, cows and heifers three fifty to six twenty five. Hog receipts 1000 with prices five cents lower. bulk sales eight forty to eight sixty five, heavy eight thirty five to eight forty, packers and butchers eight forty to eight seventy, lights eight eighty four to eight seventy five, pigs six to seven dollars. Sheep receipts 1200 with markets steady. muttons eight sixty to four fifty, lambs six to seven ten, range helpers and yearlings four to five fifty, range ewes two fifty to four twenty five.
The cotton goods markets were firm yesterday with trading better. Print cloths rose and all wool markets remained very firm, with foreign cross breeds especially strong. There was a better inquiry for silks for spring delivery.
The weekly statement on clearing house banks and trust companies shows $9,499,100 in excess reserve over legal requirements, an increase of $2,127,500. Figures include daily average loans near $1.964 billion, circulation up, and total deposits declining by about $15 million.
New York dispatch reports a net idle freight car shortage of 8620 in the United States and Canada as of early September, with surpluses shrinking and shortages rising in most regions. Predictions of car stringency this fall are realized, mid-October historically the peak demand period. Canadian fleets show slight gains while western areas face earlier than usual tightness.
Receipts at St Louis in Lent show 1800 cattle with Tex as market steady. native beef steers 5.50 to 10.78, Texas and Oklahoma steers 5.00 to 7.00, cows and heifers 3.25 to 5.00, calves 5.50 to 8.50. Hog receipts 3000, market steady with pigs and lights 6.00 to 8.90, mixed and butchers 3.75 to 8.90. Sheep receipts 1200, market steady native muttons 3.50 to 8.60, lambs 5.50 to 6.75.
Raw sugar quotes remain quiet with Muscovado 89-test at 3.67 cents and centrifugal 96-test at 4.17 cents. Refined sugar steady with crushed at 5.80 cents and fined granulated at 6.10 cents. Petroleum steady in barrels at New York and Philadelphia 36, while molasses holds at steady tones and New Orleans open kettle 87 test at 2.2 cents.
New York bulletins report eggs strong with receipts totaling 9729 cases. Fresh gathered extras 31 sic, indicating ongoing supply movements in the market.
San Antonio produce merchants pass a resolution to receive only guaranteed fresh eggs. I Tobias of Kansas City Produce says consignors shipping uncertain eggs will have shipments refused. Texas officials plan posters in stores to help merchants detect bad eggs and curb distribution.
Prices at New York coffee markets opened unchanged with a close steady, Havre 4%4fr lower, Hamburg unchanged, Santos and Rio flat. Rio No. 7 at 17% cents, futures for Oct to Sep listed from $13.97 to $14.09, total sales 19,250 bags.
New York reports the domestic refined sugar market unchanged at 6.40 with cash discount, except Federal Sugar Refining at special rate. Spot raw sugar holds at 4.36 centrifugal 3.86 muscovado 3.61 classes. European beet sugar eases with September beets down to 11s 4d, October and May flat.
Quotations today show butter 25 29c, creamery 23 26c, eggs steady with 3240 cases received. Cheese steady with Daisies 16% 1i Twins 16 16% Young Americas 16% 1ic Long Horns 1¢% 17c. Potatoes steady with 50 car receipts Wisconsin 15c Minnesota 52 56c Michigan 60 53e. Poultry live easy with turkeys 1d4c springs 13c chickens 13c Veal steady 9 14ec.
New York report shows cotton futures slipping 22 to 29 points last week as weather news failed to worsen and port receipts rose. Trade notes large market movement despite railroad congestion, with September outlook strong for exports but frost fears restrain farmers. Domestic and European mills stay profitable, boosting spinners and regional buying from Memphis and the South.
The New York cotton market finished the week with declines ranging from 22 to 29 points from last week’s close. The report outlines the day by day movements and the overall week to week change.
Spot cotton in Liverpool was dull with irregular prices on September 28. American middling fair sold at 7.054 pence per pound, good middling fair at 7.06d, and lower grades ranging from 6.38d to 6.334d. total sales 3000 bales, including 2200 American and 800 for speculation and export.
Futures in Liverpool opened softer and finished steady with small shifts across the board. Notable levels show September at 6.394, October at 6.25, and January at 6.1644 with other near term pairs trading in narrow ranges.
New York middling 11.65, New Orleans 117-16, Liverpool 653d, Houston 117-16, Galveston 115, Memphis 11%.
New Orleans reports cotton spot prices steady to 1-16 higher with 75 on the spot and 760 arriving. Quotations span from low ordinary 7% to good middling around 11.25 to 11.75 and above for strict good middling, with receipts totaling 4,552 and stock at 44,452.
Spot cotton closed steady in Houston on September 28 with prices across grades per pound ranging from low ordinary to good middling. Sales totaled 921 bales while stock reached 105,696 and shipments amounted to 1,418.
Galveston Texas report notes spot cotton unchanged with price ranges listed from low ordinary to good middling. Prices shown per bale or hundredweight with values such as low ordinary 8, low middling 10, middling 11, good middling 11 and a fair value around 43m. Receipts total 26,534. stock 244,962. market activity cited with f o b figures and remaining inventory.
Spot cotton in New York on September 28 held steady with middling uplands at 11.65 and middling wall at 11.90. Sales reached 149 bales as buyers and sellers kept bids close and volumes light.
Memphis Tenn Rept 28 Spot cotton steady unchanged middling 11 1 2 cents per pound observed in the daily market report.
In Memphis on Sept. 28 prime cottonseed meal and meal basis quoted at 5.00 to 5.04 with Malters at 2% 46. New York oil prices closed firm with spot 6.22 37 and later trades at 6.24, 6.26 for October, and 6.00 to 6.14 across months. Total sales reported 6,200 with multiple bids and calls.
Secretary Hester reports a weekly decline in cotton moved into sight at U S ports for the past seven days, with totals 473 386 bales versus 498 709 last year. Stocks at ports and interior centers rise 117 124, while foreign exports total 602 378 since September 1. The season’s supply at 1 606 980 bales compares with 1 642 016 the prior year.
The report shows United States port stock at 646 852 bales this period versus 508 988 last year. Interior towns hold 104 183 bales, down from 380 720 last year. Liverpool stock stands at 507 000, with American afloat for Great Britain at 273 000.
The report notes a season total of 25 bales added to receipts. Quotations for cash wheat and futures are listed with prices for No 2 red and hard wheats, corn bids for No 2 and white, and oats across No 2 and white classes with December and May futures firming.
A Vienna lawyer, wearing a signet ring, got his hand stuck in a letter box. Police and crowd efforts failed to free him until head post office authorization allowed workmen to unscrew the box and release him. The incident drew a large crowd and much chaff.
Bears regain control in the grain market as wheat quotes retreat to season lows. Large offers from Russian and Canadian wheat weigh on prices while spring receipts rise and storage limits bite. Declines in September and steadying deferred months reflect cautious trading as hog movement declines and lard remains favored by packers.
Quotations listed for cash wheat and corn futures in Chicago on September 28. Wheat prices show No 2 red at 1.039 to 1.06, durum at 0.80 to 0.87, spring at 0.89 to 0.91. Corn No 2 at 0.70 1/2, No 2 white about 0.70 to 0.74, oats No 2 at 0.33 1/2 to 0.34 1/3.
Kansas market quotations show No 2 corn at 71 to 72 cents with No 2 yellow around 86 to 88. No 2 white oats at about 34 to 35. Wheat futures for September 68, December 84, May 89. Corn futures September 172, December 48, May 48. Late December 33, May 44.
New York reports Rio futures at 1% and December 13.97 with March at 14, signaling a steady coffee market.
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