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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 05, 1911
Page
7
Covering by Week End Shorts sustains the hog market at Union Stock Yards on Aug 5 as cattle divisions lack activity. Market remains steady with pork supply desirable due to good pasture. Buyers move quickly to secure stock, best corn fed hogs reaching 6.25, good mediums 6, pigs and light weights 5.65 to 6.00.
Special to the Light reports Fort Worth Texas cattle receipts for the week totaled 25 000 head the heaviest six day period of the year. Beef steers remained steady to higher in spots while cows sold 3 to 3 25 and calves to 4 50. Hog prices rose 5 to 10 cents with weekly gain of 35 cents. Lambs closed at 5 35 and ewes and wethers 3 75 to 4 10.
Cattle receipts about 200 head with steadier market. Beeves 5.00 to 7.35, Texas steers 4.40 to 6.60, western steers 4.0 to 6.10, stockers and feeders 3.00 to 5.35, cows and heifers 2.10 to 5.85, calves 5.50 to 7.75. Hogs receipts around 10,000 with a five cent higher tone. Light 7.00 to 7.60, mixed 6.90 to 7.10, heavy 6.65 to 7.52, rough 6.65 to 6.90, good to heavy 6.90 to 7.52, pigs 5.85 to 7.45, bulk 7.15 to 7.45. Sheep receipts about 5,000 with steady market. Native 2.25 to 4.00, western 2.50 to 4.10, yearlings 3.75 to 4.80, native lambs 3.75 to 6.90, western 4.25 to 7.00.
Cattle receipts 500 with steady market. Native steers 5.00 to 7.20, southern steers 4.15 to 6.10, southern cows and heifers 2.60 to 4.75, native cows and heifers 2.50 to 7.10, stockers 3.25 to 5.50, bulls 3.25 to 5.00, calves 4.00 to 7.00, western steers 4.60 to 6.30, western cows 2.75. Hogs receipts 1500, market strong. Bulk 7.25 to 7.40, heavy 7.25 to 7.40, packers 7.25 to 7.45, lights 7.05 to 7.40. Sheep receipts 500, market steady. Muttons 3.00 to 4.00, lambs 5.00 to 6.60, fed wethers and yearlings 3.40 to 4.50, fed western ewes 2.50 to 3.50.
ST. LOUIS August 6 receipts and quotations show cattle at 300 head including 100 Texans with steady markets. Hogs at 2500 head up five cents. pigs lights 4.00 7.30, packers 7.85 7.50, butchers 7.50 7.55. Sheep 300 head with native muttons 3.75 4.75 and lambs 4.00 6.75.
Wheat prices show declines with No 2 track red at 87 to 92 cents and No 2 hard at 90 to 92 cents for nearby futures. Corn bids dip to 66 and 61 and 42 to 44 cents for September and December contracts, with notes on 42% for September and 44% for December.
Quotations show wheat steady with No 2 hard at 89 9 16 cents and No 2 red at 88 GO. Corn lower by fractions with No 2 mixed at 62 and No 2 white at 62 63. Oats steady with No 2 white 40 41 cents. September wheat 69 90 cents sellers, December 93 cents sellers, May 97 98 cents bid. Corn September 63 64 cents, December 64 cents bid.
Lead prices steady at 4.45 to 4.47 percent in early trade while spelter holds at 5.7 dollars. Market notes show firm tone with minor shifts in other metals.
Chicago reporting a broad pullback as many small traders withdraw from commission houses in wheat. Prices dropped over a cent per bushel while other grains moved lower or mixed amid bearish world signals and export concerns. Pork lard and rib futures showed varied gains and losses.
Quotations were issued in Chicago today with receipts and shipments listed for the day. The report notes price movements in markets and trade activity across commodities and sectors.
Receipts today total 581 cars of wheat across Chicago Minneapolis and Duluth, including 408 wheat cars with 295 contract grade. Corn arrivals reach 48 cars with 4 contract grade and oats at 14 cars. Compared with 937 cars last week and 867 on the same day four years ago.
Quotations today from Chicago show cash grain prices across wheat corn and oats. Prices include No 2 red wheat 89 90 cents, No 1 hard 90 91, No 2 hard 90 1 dollar, No 1 northern 1.09 1.14, No 2 northern 1.05 1.08, and oats with No 2 white 41 cents plus variations for standard new and other grades.
New York market roundup August 5 reports hides dull leather quiet rice steady and wool weak. The brief dispatch highlights commodity price movement across key items with muted trading as buyers await further cues.
The weekly stock market eased with overall losses driven by domestic conditions. Cotton shows strength as a former operator returns. textiles face shutdowns in Massachusetts and North Carolina. steel and iron look up. money remains easy with firmer commercial paper rates.
C W Woodman editor of the Union Banner urges Texas Cattle Raisers Association members to open an independent butcher shop to prove if packers pay less for cattle than St Louis and Chicago and if consumer prices are too high. A film tour will showcase Fort Worth stockyards inspections by Dr Richard J F Eagle to demonstrate federal safeguards on cattle ticks, sheep scabies, and overall processing.
Rice receipts show rough stock at 136,000? 1096? quality mixed with clean at 3399. Prices list rough Honduras at $1.50 to $3.66 and clean Honduras around $2.80. Japan nominal bids noted. market seen varying by grade and origin amid daily activity.
New York futures closed steady up 18 2 points on light volume. The market cited 71,000 contracts traded with Rio No 7 at 18 1/2 cents and Santos No 4 at 14 to 16 cents amid dull activity and quiet market tone.
Prices fell at the opening of the New York stock market with large blocks selling off. U S Steel along with Union Pacific St Paul Reading Great Northern and others declined fractions to 1% or more as liquidation by bulls and selling by bears drove the early rout.
New York August 5 Money on call money market firmer with short-term loans at 3 percent for sixty to ninety days. Prime mercantile paper at 4 1/4 percent. Sterling exchange steady with bankers bills at 4.84 for sixty days and 4.86 1/10 for demand. Commercial bills 4.83 1/2. Bar silver 52 3/8 cents. Mexican dollars 45 cents. Government bonds steady. Railroad bonds easy.
Prime basis oil quoted at 4.26 to 4.27 cents per pound. Meal priced at 26.50 dollars per hundredweight. Linters listed at 8 1/2 cents per pound. Assoc. Press dispatch from Memphis dated August 5.
The Aug 5 cotton seed oil quotes show Open and Close values with figures for August and November contracts including trend signs and price ranges. Abbreviated data includes several monthly notes and closing spreads from early trading in New York.
The cotton market opened seven to twelve points lower in New York under yesterday's liquidation and bear pressure. After midday trade buying and bull support, prices in August fell about fourteen points while new crop dropped six to eight. Rumors of a tropical storm near Havana spurred a later sharp advance, but close prices remained down from yesterday.
Futures opened steady with January at 11.13 to 11.14, March 11.28 to 11.30, May 11.30 to 11.31, August 12.45 to 12.50, September 11.80, and December around 11.12 to 11.13 as prices edged into forenoon trading.
New Orleans cotton futures opened 6 to 8 points lower as shorts covered and demand improved. August fell early but by midmorning heavy buying lifted futures, with new crop around 33 points higher from the day's low before noon, then steadied with a net advance of 12 to 14 points, August down slightly.
The note lists bank or commodity quotes by month with two figures per entry, indicating opening and closing prices or bid and ask ranges across August through May. Strong entities include months August September October December January March May.
MEMPHIS Tenn Aug 5 Spot cotton held steady at middling 13 cents for the day with quiet New York and New Orleans markets and mixed tones in other ports. Liverpool showed some holiday trading while Houston and Galveston remained steady to quiet as cash activity cooled in the immediate market.
In Houston on August 5 spot cotton held steady at middling 12 cents with prices unchanged from nearby quotes.
New York spot cotton markets closed quiet on August 5 with middling uplands at 12.75 cents and gulf at 13.00 cents. No sales were reported.
The Galveston market reported spot cotton quiet on August 5 with middling grades at 12 5/16 cents. Sales were by the forward-buyer basis.
Spot cot ton in New Orleans was quiet and unchanged. Sales totaled 49 bales, with no arrivals. Prices ranged from low ordinary to good middling with multiple strict and nominal classifications. Receipts stood at 12 bales and total stock at 24,801 bales.
In New York on August 5 prices for sugars and molasses held steady. Raw sugar firm at 4.41 cents per pound for 89 test, 96-test at 4.65 cents. Molasses and refined sugar also showed stability with 89 test at 3.86 cents.
The cotton goods markets were quiet with a little better inquiry from converting sources. Trading in jobbing houses was fair but not active. Novelty silks sold better while men's wear sales rose. Yarns remained easy with increased inquiry.
After summer in Europe the San Antonio Cotton Exchange members return and by mid month expect to reconvene and push the new season's crop movement. Early returnees include W. C. Manlove, Rene J. Muller, J. M. Felder, Jank Remert, Louis Herst and P. C. White with others anticipated by Monday.
Cotton receipts at major U S ports show Galveston 2880 bales New Orleans 12120 Mobile 610 Savannah 4950. Houston 2040 Memphis 0. stock yesterday 148028, stock week ago 154138, stock last year 281126, season deficit 200097.
Weekly statement shows clearing house banks hold 15.545 million in excess reserves, down 2.806 million from last week. Net deposits fall to 1.831 billion, loans and specie decrease, while some categories such as trust company reserves rise slightly. Total deposits across Greater New York decline by about 2.6 million.
An investigation by three citizens found the Sabinas freight train wreck on July 31 not the crew’s fault. The committee cited possible malice in uncoupling cars and disabling air brakes, naming N S Graham William Appmann and A B Hillan as members.
For October 12 the Italo American Young Men's club schedules a planning meeting at Giorda hall on South Leona Street to advance celebration arrangements for the discovery of America by Christopher Columbus.
In St Louis on August 5 the conference of the state attorneys general from the middle west resumed after yesterday. They aim to draft a uniform plan for handling failure rate cases before adjourning to a final decision.
The local commercial district shows few new features with fruit vendors open Sunday and out of town trade light. Week end activity focuses on balancing accounts, with Saturday the big retail day and wholesalers closing at noon. Grain and feed stay firm with corn prices rising. bran and other cattle feeds in demand due to grass shortages. Egg and poultry markets remain sought after. Oranges hold firm with a $4.50 fancy and $4.25 choice box. cabbage prices ease to $3 per hundred pounds as receipts rise. Sugar prices lead gains with a expected dime increase for granulated sugar in the new week.
Butter steady at 25 cents per pound for creamery and 14 15c for country. Eggs firm and higher with fresh country candled at 15 116éc. Cheese prices steady with various varieties from 17c to 24c. Poultry, poultry items, and eggs show mixed changes. large hens 6.00 per dozen, medium hens 5.00, large springs 4.00, medium springs 2.50 to 2.75, small springs 2, guineas 3.25 to 3.50 per dozen, ducks 6.00 to 6.50 per dozen, squabs 1.00 to 1.25, turkeys 15 1éc per pound.
Chicago NL August 5 reports mixed produce prices. Dairy cheese steady. Daisies and Twins near 13 14 cents, Jersey milk products at 1.40 to 1.45 per unit. Potatoes steady with Minnesota and Jersey ranges. Live poultry weak with turkeys at 18 4, fowls 11 ½, springs 14 65 cents. Veal steady with weight bands 8 9 and 9 ½ to 10 4 9, 85 to 110 pound ranges 11 at Chicago market.
Poultry weaker with chickens at 14 dollars, turkey and duck prices mixed, geese and butter dull, creamery 21 to 26 cents. Eggs show weakness at 13 to 44 cents.
By the Associated Press New York Aug 5 Eggs quotations hold firm with no change. Receipts total 7116 cases and market tone remains steady.
Butter creamery 25c firsts 23c seconds 2ic packing stock 18c Eggs extras 19%c firsts 16c seconds lic.
George E. Faucher of Fort Worth visits Corpus Christi Aug 5 to explore locating a large broom factory in Nueces county. He meets with the Commercial Club and Captain Alfred Bryde on water rates to the east and plans a plant costing 25 000 to 50 000 dollars. Faucher aims to grow broom corn locally and place the proposal before the Commercial Club's industrial voice.
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