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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 04, 1911
Page
13
Cattle trade at union stock yards Aug 4 shows a slow market with few buyers and an undersupplied lot. Trade offered light leftovers from yesterday, outlets scarce at noon, with cattle described as desirable and calves steady at 4 dollars. Hogs steady at 6.25, no price for sheep and goats.
A local stockman cites plentiful Arizona grass and water near the Sierra Andes while reports from Pecos note the death of E. P. Stuckler, a quarantine tile inspector struck by lightning. Wool and mohair buyers Cohen & Co report the dullest market in years due to tariff agitation. Laredo trader k ee Garcia visits with his son in hospital. Calves flock to Fort Worth markets as stockmen arrive at hotels including Alexander, Ragsdale, Draper, Miller, Granger, Cannon, Mahon, Kie, and Schwartz. Conditions range from extreme drought to bright outlook.
Reports from Fort Worth and Kansas City list livestock sale results and grain prices. Cash wheat around 1 20 and 1 96 cents for No 2 hard and red, corn mixed bid and price shifts, oats steady, and May September bids noted.
Market notes from St. Louis dated August 4 show mixed grain prices with some rises. Oats advance with No 2 track at 41 to 42 cents, wheat up for September at 89 5 8 cents and December at 94 3 4, while corn weakens with September 66 3 8 to 66 1 2 and December 44 to 46 cents.
The U S House concurred with Senate amendments to the congressional reapportionment bill to curb gerrymandering and send the measure to the president for approval. It increases membership from 91 to 483 excluding Arizona and New Mexico, with about 400000 yearly cost rise. The bill becomes effective March 4, 1913.
Chicago markets show a bear tilt as a five cent rally is seen as excessive amid disappointing cables and rain forecasts. Romania reports a 20 million bushel drop, Dakotas note wheat rust, and Chicago corn oats and pork prices move with limited buying and firming provisions.
Chicago report notes receipts and shipments today with figures for corn, wheat, and livestock. Market activity focuses on price movements in early August trading.
Receipts totaled 524 cars today across Chicago Minneapolis and Duluth with 359 cars including 252 contract grade and 46 cars with 9 contract grade. Last week 507 cars and 690 cars on the same day last year.
Cash grain prices in Chicago are listed for various grades. No. 2 corn and No. 2 white corn figures appear with mixed adjustments. Other grain categories show bids and fractional cents reflecting daily market movements.
Fort Worth market notes show cattle receipts at 3400 with steady tone from yesterday. Hogs at 800 with lively demand, Oklahoma hogs at 7.36, bulk sales 7.15 to 7.45, pigs 5, lambs 5.86, mixed sheep 3.25, calves 4 to 5.00, cows 3.55, bulls 2.75 to 3.00.
Cattle receipts 1600 including 100 southerns with strong action. Native steers 5.00 to 7.25, southern steers 4.15 to 6.10, southern cows and heifers 2.60 to 3.75, native cows and heifers 2.50 to 7.00, stockers 3.25 to 6.50, bulls 3.25 to 5.00, calves 4.00 to 7.00, western steers 4.60 to 6.60, western cows 2.75. Hogs 2000 receipts, market strong to five cents higher, bulk 7.10 to 7.30, heavy 7.10 to 7.30, packers and butchers around 7.36, lights 7.00 to 7.30. Sheep 500, market steady. Muttons 3.00 to 4.00, ewes and wethers around 2.50 to 3.50.
Receipts total 1800 cattle including 900 Texans with steady market. Native beef steers priced 4.00 to 7.00, cows and heifers 3.00 to 6.65, stockers and feeders for Texas and Oklahoma steers 4.00 to 6.25, cows and heifers 3.00 to 5.00, calves 4.00 to 4.75. Hogs receipts 6000 with 15 cents higher market. Pigs and lights 5.00 to 7.30, packers 7.35 to 7.50, butchers 7.36 to 7.50. Sheep receipts 500 and steady. Native muttons 3.75 to 4.75, lambs 4.00 to…
Chicago opening stock receipts: cattle 1500, hogs 14000, sheep 6000. Cattle steady with Reeves at 5.00 to 7.35, calves up to 7.75. Hogs strong, most sales 6.95 to 7.30, weights from light to heavy. Sheep market strong with native, western, yearlings and lambs trading up to 7.00.
Market report from St Louis shows Seee firm at 4 45 while spelter strengthens across the market with steady activity and demand indicated by buyers and sellers.
In St Louis on August 4 wool markets show little change with Medium grades at 18 to 20 cents for combing and cloth, light fine 6 to 9 cents, heavy fine 14 to 18 cents, and tub-washed wool 25 to 30 cents.
The New Orleans rice market reports active trading with steady prices for clean Honduran rice. Receipts include 1700 rough bags, with sales across rough Honduras, old and new Honduras, and Japan products, reflecting robust demand and varied price levels.
Irregularities show at the open with U S Steel rising on 3600 shares and Union Pacific up on 1000 shares. By noon losses appear in many leaders and the session ends weak with liquidation in U S Steel and other rails and industrials.
New York money on call steady at 2 1 2 cents with a ruling 2 3 8 cents. Closing bid 2 1 4 cents, offered 2 1 2. Time loans firm sixty days 2 3 4 and 3, ninety days 3 1 2 to 3 1 2, six months 7 8 and 4. Sterling exchange 4.84 for sixty day bills, 4.84 10 for demand. Commercial bills 4 3 12, silver 52 248 cents, Mexican dollars 45 a.
New York opened firm with a 1 40 point advance on higher cables and bull covering. Prices fluctuated as heavy selling from southern accounts trimmed gains, with New York and New Orleans showing mixed shifts and continued rain and insect concerns tempering optimism.
New York August 4 Cotton futures opened firm with January at 11.61 62, March 11.69 70, August 12.85 90, September 11.80 offered, October 11.64 65, December 11.68 70. Futures closed firm.
The market remains confident after the bureau report. Trade focuses on a large crop with estimates from 14.6 to 16.0 million bales. Theodore Price says he will contract for 15 million bales at current prices, amid unprecedented short interest and potential liquidations. Weather across Texas dampens near term gains with forecasts of showers and warmer temps, while spinners delay buying hedges until demand returns.
The report lists yesterday’s cotton stock at 146,966 bales, with 153,724 bales the prior week and 257,015 bales the year before. The season’s deficit stands at 110,049 bales.
New Orleans August cotton futures opened 2 to 31 points higher as bulls dominate early trading amid heavy short covering and reports of heat and worm damage. By noon the market held gains around 39 to 40 points, but afternoon selling by bulls pushed most active months lower.
The report lists futures activity with August bid 12.40, September asked 11.77, October 11.53 54, December 11.53 asked, January 11.64 asked, March 11.63 64, and May 11.73 76.
Close spot cotton in Liverpool shows a 28 point gain with American Massing fair at 7.67 and levels from good middling to ordinary ranging 7.23 to 6.23. Day’s sales total 10,000 bales, including 86500 American, with 5,000 receipts and futures opening and closing firm at various forward spreads.
Molasses quiet with steady sugar prices. Raw Muscovado 89 test at 4.11 cents, centrifugal 96 test at 4.61 cents, molasses sugar 89 test at 3.98 cents, refined sugar steady.
The cotton goods market was moderately steady and generally quiet yesterday in New York with yarns offered at lower figures and bids flowing to mills. A large dress goods sale will be inaugurated next week by the H. B. Calia company. Raw silk remains quiet.
Hides steady and leather firms while petroleum remains steady and wool quiet. Rice shows steady prices in New York trading on August 4.
The Houston market reports spot cotton steady at middling 12 cents per pound with New York and New Orleans quoted quiet. Mild trading seen in Galveston and Houston as sales volume around 6,000 bales.
MEMPHIS Tenn Aug 4 Spot cotton held steady unmoved at middling 13 1 4 cents per pound in the day’s market reporting.
Spot cotton quiet with middling uplands at 12.75 and middling gulf at 13.00. No sales reported.
Spot cotton in New Orleans quiet and unchanged with 230 bales sold on the spot and none arriving. Prices range from low ordinary 3 11-16 to good middling 12 9-16 with various strict and fair classifications. Receipts total 46 bales, stock at 24,782 bales.
In Memphis Tennessee on May 4 prime basis oil offered at 4.26 to 4.27 cents per pound. Meal priced at 26.50 dollars per ton with linters at 8 percent 4 cents.
New York price report shows Sept and Oct contracts around 5.41 to 5.39 with nearby months in the mid fives. Prices listed for August and December months indicate slight variations near $5.3 to $5.5 per unit.
New York August 4 futures closed firm with a one point drop on August, while generally steady to ten points higher on the day. Sales reached 20 500 bags. Spot markets steady with Rio No 7 18 Mo and Santos No 4 at 13 0 13 1 2 cents.
Potatoes offered in San Antonio are scarce with few orders filled as coast shipments roll in and California growers face delays. Sugar markets rise with limited supply. refiners hold firm against delayed contracts while European prices push up. Candy makers note higher sugar costs and meat prices gain ahead of the cattlemen’s conference in Fortex.
Butter steady at 26c per pound for creamery and 14 to 15c for country. Eggs firm with fresh country candled at 15 to 16c. Cheese prices: fancy cream 17c per ounce, brick 20c, American Swiss 24c, 1st Swiss 3c, Limburger 20c, State 17c. Poultry steady with large choice hens 6.00 per dozen, medium hens 5.00, large springs 4.00, medium springs 3.2 to 3.5 per dozen, small springs 2. Guineas 3.25 to 3.50, ducks 6.00 to 6.50 per dozen, squabs 1.25, keys 15 to 11c per pound.
Quota butter and eggs show steady prices in Chicago market notes from August with receipts of 7503 cases. Dairy products like Daisies and Young Americas noted with specific price ranges. potatoes and poultry trends listed with price at various weight classes.
KS CITY August 4 market quotes show butter at 25c for creamery firsts 28c advances 2c packing stock 18c. Eggs priced at extras 19c firsts 16c and ons 10c with varied conditions.
New York market notes show eggs firm with 15 982 cases of Recioia and fresh gathered extras around fourty cents per dozen. Quality described as poor to fair with price per case listed.
Poultry strong with chickens at 13c and 16c for springs and turkeys. Ducks at 101-2c and geese at oo. Butter quiet with creameries at 21c. Eggs lower at 13 4c.
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