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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 07, 1911
Page
9
In Baik Union Stock Yards on August 7 buyers for waco cattle and local packers kept a brisk, businesslike market. Receipts under 250 head were light. Choice cows topped at 3.50, most 2.75 to 3, stock cattle sold readily, calves active though brief session. Hogs absent. buyers eye 6.50 for any hogs offered.
Forecast till 7 p m Tuesday for San Antonio and vicinity calls for generally fair tonight and Tuesday. A low pressure area near Wisconsin and Arizona, high pressures off Atlantic and Pacific coasts. Precipitation expected mainly over Mississippi Valley and South Atlantic States with the greatest amount reported 2.74 inches at St Paul Minnesota.
Local stockmen show keen interest in the interstate commerce commission inquiry into freight rates for live stock and packing house products. Hearings will be held at Far Worth Oklahoma City Kansas City and Chicago. Reports from Sabinas Hond o Del Rio Standart and Agulares indicate varying arrivals and market activity as buyers note improved conditions pending rain and cross border cattle movements.
Close prime mercantile paper and bankers bills show stability with minimal changes. Sixty day bills quoted at 4.8695, commercial bills 4.831-40, silver at 62.25, Mexican dollars 45 cents. Government bonds steady, rated irregular.
Coleman Carnegie of Pittsburg, nephew of Andrew Carnegie, died early today in a Patten's Mis Adirondack guide's shack. He was on a fishing trip when suddenly struck by pneumonia while there.
Manitoba reports of black rust across fields drive wheat prices higher in Chicago on August 7. Northwestern markets rise more than Chicago as offerings tighten and a brief rally follows a steep ascent before some profit taking.
Receipts today show 227 Wheat cars with 151 contra grade, 40 Corn cars with 14 contract grade, and 233 Oats cars. Total wheat receipts at Chicago Minneapolis and Duluth reach 471 cars, versus 784 last week and 9438 on the same day last year.
August 7 market notes show wheat No 2 red prices at 90 1 4 and 91 cents, No 2 hard at 93 94c, corn No 2 4 to 1 2 percent, oats 40 3 4 to 41 1 4 cents, September futures up 1 8 cent to 42 5 8 cents then 42 3 4 to 42 1 4. Stock yard buyers pushed prices up. pork at 16 62 1 2, lard 8 70 to 22 1 2, ribs 8 45 to 8 47 1 2 for January delivery.
In St Louis on August 1 the cash wheat market shows ongoing bids at 88 to 90 cents for certain grades and 91 to 1.00 for others. Corn declines with No 2 track at 63 1 2 cents and No 2 white at 63 1 2 to 64. Oats hold at No 2 track 39 cents. Wheat futures close with September at 91 5 8 bid 3 4 credit, December 84 5 8 bid 3 4 credit.
Fort Worth Texas August 7. Cattle receipts 3700 with a strong market. Baby beeves 5 to 6.50, cake fed steers 4.40 to 4.90, common steers 4.20 to 4.40, stockers and feeders 4.00 to 4.30, cows 3.30 to 3.60, canners 2.75 to 5.00, bulls 2.75 to 3.10, calves 4.00 to 5.00. Hogs receipts 1500, 5 to 10 cents higher, top 7.80, bulk 7.35 to 7.60. Sheep receipts 23, steady, wethers unspecified.
Cattle receipts around 24 000 with market steady to 10 cents higher. Hogs receipts near 35 000 with market strong. sales chiefly 7 10 to 7 45, heavy and mixed ranges noted. Sheep receipts about 26 000 with market steady. native and Western sheep and lambs listed with various price ranges.
Cattle receipts reach 10 000 with 4 000 Southern cattle and mixed figures for native and Southern steers heifers cows and bulls. Hogs seen weak to lower with bulk selling around 7 30. Sheep and lamb offerings steady with mid range prices for muttons yearlings and Western ewes.
ST. LOUIS August 7 cattle receipts 5200 including 2900 Texans market strong to 10c higher native beef steers 4.50 7.25 cows and heifers 3.00 7.00 stockers and feeders 3.00 4.75 Texas and Indian steers 4.00 6.25 cows and heifers 3.00 5.00 calves in carload lots 4.00 5.50 hogs receipts 4000 market 5c higher pigs and lights 5.00 7.50 feeders 7.40 7.55 butchers and best envy 7.50 7.55 sheep receipts 4000 steady native muttons 3.75 4.76 lambs 4.00 te
J B Carrington secretary of the Chamber of Commerce sent fifty letters to prominent San Antonio business men asking their opinion on a fair price for G W Brackenridge 309 acre land parcel with government option. Some say at least 1000 dollars per acre, a price the government would pay for purchase if possible before the option expires. The land houses the maneuver camp and is needed for Fort Sam Houston enlargement. Congressman James L Slayden noted the land is desired but war department says price is too high.
President Charles C. Moore of the Panama Pacific exposition telegraphed Reger Taft asking that the president turn the first clod of earth marking the start of actual construction of the 1915 exposition in San Francisco.
Opening trading shows initial gains in Union Pacific Northern Pacific Great Northern preferred General Electric and Amalgamated Copper with mixed results in Atchison Southern Pacific St Paul and United States Steel. Prices retreat from earlier highs before a late rally fades leaving a dull midday market with reduced activity and notable weakness in Reading Union Pacific and Frisco.
Francis B. Loomis former assistant secretary of state testified before the House committee on State Department expenses but offered little light on the secret emergency fund. Treasury data show the fund averaged about $10 000 a month for many years.
Postmaster General Hitchcock designated fifty additional postal savings depositories in nineteen states to begin operations September 4. The list includes Marshall Paris and Wichita Falls in Texas.
New York opened steady with a 12 point advance on covering and bull support. Prices rose to 11.41 for October and 11.55 for later contracts before easing, with bulls active and new crop months gaining 20 to 24 points overall amid cautious nervous trading.
New Orleans August 7 prices opened higher by 6 to 13 points as demand grew in a well supplied market. Weather and bear crop reports tempered optimism. Mississippi shipped first bale of new crop. Morning trading showed 13 to 23 point gains before August and new crop months pulled back as shorts increased selling.
The report lists cotton origins and inland race markets with figures for Galveston Houston Norfolk Memphis and Augusta. Spot cotton in Houston shows unchanged middling at 1 and quarter, with New York spots quiet and upland prices around 17.75 to 18.00 per unit. Sales totaled 49.
Memphis reports cotton spot steady at middling 13 cents. New York lists cotton seed oil quotations for August 5.
London and Liverpool stock exchanges are shut today due to a bank holiday. Trading on both markets is suspended with no sessions scheduled.
In Memphis on August 7 the market listed prime basis oil at 4.26 and 4.27, meal at 26.50, with linters and other fractions noted as A B and C classes with small percentages. The report highlights price points for oil meal and related cotton byproducts.
Neatly embossed notices invite patrons to inspect the new six story Southwestern Telephone building on Travis street. The structure is described as one of the finest business buildings in the city and the company is operating in its new quarters. Visitors will tour departments and learn about the switchboard and apparatus tomorrow, Wednesday and Thursday.
W. J. Adamietz a Louisiana horse dealer in the city asserts Texas bred horses and mules are superior for all around work. He notes Louisiana sugar growers prefer the Texas pine knot for work despite higher Louisiana horse values and describes San Antonio as a key center for horse dealing with buyers often purchasing multiple carloads in a single trip.
Last week’s floral offering sparked a renewed drive to distribute bouquets to patients in hospitals and charity institutions across San Antonio. Schoolgirls and townspeople are invited to collect yard and field wildflowers, tie into small bouquets, label with names, and deliver to The Light office by 11 oclock tomorrow.
Clarence R. Jones of San Antonio Gas & Electric and San Antonio Traction will speak at the Advertisers' Club luncheon on Tuesday at 12:39 at the St Anthony hotel. His talk will cover how publicity aids growth of public utilities and the case for uniting utilities for better service. Vice President Tirado will preside in President Roberts' absence.
Chief sanitary inspector Charles B. Ball warned that basement hovels are increasing in Chicago. In ten blocks previously home to 49 families ten years ago, 186 families now live in cellars, despite ordinances for light air and new building standards.
Daniel Yturria Jr., son of a leading Matamoros merchant, shot himself last night opposite Plaza de Hidalgo. The event drew thousands who witnessed the incident as a military band played. no motive could be given.
The local market opens with optimism as demand surges for vegetables and fruit while potatoes and onions hold firm. Meat and beef cattle prices rise, sugar remains tight with higher futures, and a record 10,000 pound cheese will be shown at the Chicago National Dairy show. Coffee and tea markets also advance, signaling broad price strength this week.
California brokers receive a full price set today in San Antonio as dried fruit supplies run out and markets firm. Texas rice mills largely shut due to low operating material while Louisiana rice ships in to cover demand, with the crop about 40 percent below normal. Local egg and poultry markets stay steady, receipts remain weak.
Butter prices held firm with Creamery at 25c per lb and country butter 14 to 15c. Eggs firm with fresh country candled at 15c. Various cheeses steady including brick 20c and Swiss 24c. Poultry values for hens, springs, ducks, squabs and turkey given per dozen or per pound, with stated ranges.
Groote creameries quotes 21 26c for creameries and 19c for daisies. Eggs steady with 9676 cases. cheese steady with daisies 13% and Long Horns 13% 12c. Potatoes weak Jerseys $1.00–1.36, Minnesotas $1.10–1.11. Poultry steady with turkeys 12?6, fowls 11 4c. Veal steady 50–60 lb at 8c, 60–85 lb 9c, 85–110 lb 11c.
By the Associated Press in Kansas City prices for creamery butter 25 cents per pound firsts 23 cents packed stock 18 cents Bees extras 20 cents firsts 16 1 20 seconds listed.
St Louis market notes show poultry prices steady with chickens at 9 1 2 cents, springers 12 1 8 cents, ducks 10 1 20 cents, geese steady. butter and eggs also steady with creamery butter at 21 cents and eggs at 13 1 2 cents.
New York market notes show beg receipts at 12 029 with fresh sacred offerings at 92 and 34 cents. Fresh gathered range from 11 to 12 cents, with do poor to se selling at $2 and $3, and references to refrigeration store charges paid.
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