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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 08, 1911
Page
11
In a lively day at Alok Live Stock Union Stock Yards on Aug 8, cattle and hogs sold with steady to firm tones. Best cows reached 3.35, choice lights 4.50, hogs up to 6.50, with activity centered on arrival calves and a heavy but balanced supply across the morning session.
Abiquin New Mexico and Anotito Colorado agents in the city report heavy stock dealings with buyers already purchasing horses and mules. Cattle prices range from five seventy five to seven dollars a head as demand for cheap beef grows and imports fall. Local producers predict large wool and cattle shipments, with Western ranges supplying cattle and cattlemen optimistic about cattle conditions across the border. The Panhandle Wool Growers Association anticipates half a million pounds of wool shipped for storage this year and introduces a sixteen clipper wool plant to aid nearby shipments and market activity.
Cattle sales reported by the Associated Press show livestock markets active in Fort Worth. Wool prices in Louis, August 8 list unchanged values with varying grades and quality points across light to heavy wool processing lots.
San Antonio area forecast to 7 pm Wednesday calls for fair conditions tonight and Wednesday. East Texas also fair with similar timing. The bulletin notes irregular air pressure distribution and a low mood over Lake Huron with precipitation across the lake region upper Mississippi valley northwest and south Atlantic states. The greatest reported rainfall is 1.44 inches at St Louis.
Chicago reports light buying in wheat with a notable selling trend and price declines across commodities. September futures dipped from early gains as traders noted India crop reports and Russian data easing bullish sentiment, while hog prices rose but were pressured by selling.
Chicago reports quotations for grain and commodity prices today. Receipts and shipments listed for Chicago markets provide trading activity details for Aug. 8.
Chicago reports today 653 wheat cars including 367 contract grade, 89 corn cars with 34 contract grade, and 629 oats. Total wheat receipts for Chicago Minneapolis and Duluth reach 713 cars, vs 1083 last week and 861 a year ago.
Chicago market notes show cash wheat No 2 red at 89 1 4 to 90 cents No 2 hard 89 1 2 to 91k cents No 1 northern old 1.10 1.12 1 2 No 2 do 1.01 1.10 Corn No 2 64 1 4 to 64 3 4 cents No 2 white 67 1 4 to 67 1 2 cents No 2 yellow 64 1 2 to 64 8 4 cents Oats No 2 39 89 1 2 cents No 2 white 8 4 to 8 4 cents standard 40 1 4 cents
Money on call remains steady at 2 percent with the ruling rate 2 percent and closing bids at 2 1/4 percent. Time loans show strong and active demand with varied percentages across 60 and 90 days and six months, reflecting a fluctuating yet vigorous short term money market.
Fort Worth Texas cattle and hog markets rise with receipts around 2,800. Steers high as cake fed bulls and cows move up. prices quoted for various grades from common killers to choice butcher. Sheep receipts listed with top and bulk prices, noting active demand and price ranges.
Chicago market report shows cattle receipts around 4000 with steady bids including beeves 5.00 to 7.50 and calves up to 7.75. Hogs receipts near 14000 with gains of five cents and prices from 6.65 to 7.70. Sheep and lambs receipts listed with range from 2.25 to 4.80 for natives, westerns and lambs amid strength.
Receipts Today cattle 11000 including 1500 southerns market steady to strong native steers 5.00 7.25 southern steers 4.00 5.80 southern cows and heifers 2.60 6.00 native cows and heifers 2.50 6.90 stockers and feeders 3.25 6.50 bulls 3.00 4.50 calves 4.00 7.00 western steers 4.50 6.60 western cows 2.50 5.00 Hogs receipts 7000 market 10c higher bulk 7.50 7.65 heavy 7.50 7.70 packers and butchers 7.50 7.70 lights 7.40 7.66 Sheep receipts 3000 market strong muttons 3.00 3.50 lambs 5.00 6.75 fed wethers and yearlings 3.00 4.50 fed western ewes 3.50 4.25
Receipts total 4000 cattle including 600 Texas with market steady. Native beef steers 4.50 to 7.25, cows and heifers 3.00 to 7.00, stockers 3.00 to 4.75. Hogs receipts 7000 with pigs and lights 5.00 to 7.60. Sheep receipts 5000 steady with native muttons 3.75 to 4.75 and lambs 4.00.
Cash wheat weak with No 2 red around 87 88 3-40 and No 2 hard near 87c to $1.00. Corn eases with No 2 track 63 1-2c and No 2 white near 39 89 1 2c. Wheat and corn futures drift lower for September and December contracts.
Kansas City market notes show mixed grains with No 2 hard wheat around 89 14 to 89 8 cents, No 2 white around 40 to 41 cents, and No 2 corn down about 4 cents with slight variations in white and mixed categories.
Global price guidance from London led to an active opening in New York stocks with Union Pacific up one point on 4500 shares and several industrials edging higher. By noon a broad sag, aided by short accounts, sent many issues down with rails like Wisconsin Central and Colorado Southern falling, Canadian Pacific leading losses.
New York opened barely steady with declines of 7 to 14 points on lower cables and fresh England strike news. After early selling, the market slipped about 19 to 8 points before a brief midmorning rally. Weather bureau reports aided some support in the afternoon but prices fell further on liquidation and bear pressure. spot prices were nominal.
New York cotton futures opened with small moves on August 8. January at 11.34 35, March 11.42 offered, May 11.48 offered, July 12.35 38, September 11.46 bid, October 11.88 offered, December 11.38 39.
Cotton futures in New Orleans opened steady fading to a loss as reports from England and Lancashire mills amid a railway strike weighed on sentiment. Weather maps were favorable yet high Texas heat persisted. prices fell from midday lows to finish 35 to 36 points under the prior close.
A fragment shows metal prices with August to May futures listed. Prices include August 12.00, September 11.35, October 11.25 26, December 11.26, January 11.26, March 11.36 and May 11.45 47.
Closing spot cotton in fair demand at Liverpool with prices down 1 3 points. American middling fair 7.56, good middling 7.22, middling 6.86, low middling 6.72, good ordinary 6.46, ordinary 6. The day’s sales 5000 bales with 600 for speculation and export, including 4300 American bales. Futures opened easier and closed easy with varied spreads from August to June.
New Orleans cotton trading quiet on the spot with prices easing 1 to 8 cents and no arrivals. Quotations range from low ordinary at 9 to 16 cents to strict good middling near 12 and up to middling fair around 13 cents. receipts recorded at 85, stock at 30,025.
In Memphis on August 8 the spot cotton market showed prices steady with middling cotton at 13 1/2 cents, remaining unchanged from prior values.
Spot cotton in Houston on August 8 remained steady at middling 12 cents.
New York reports a quiet steadiness in the cotton goods market dated August 8. Graded and bleached muslins show small advances while dress goods remain in light demand. Raw silk holds firm and yarns show easing tendencies.
New York reports spot cotton at 12.30 for middling uplands and 12.65 for gulf with a 45 point decline and no sales recorded.
In New York on August 8, hides remained steady, leather held firm, and rice showed no change in price. The brief market update notes stable values across these commodities with no notable fluctuations.
Government weekly weather and crop bulletin received by the local cotton exchange reports cool interior weather and beneficial rains in needed districts. Major cotton states show favorable conditions with showers east of the Mississippi and good rains in North and South Carolina. Temperatures ranged from 74 to 90 degrees. Nashville recorded the low and Del Rio the high.
A brief tally shows figures for Galveston New Orleans Savannah Norfolk Houston Memphis with year to year changes. Totals indicate overall cotton quantities for the period.
Memphis August 8 prime basis oil at 4.36 and 4.27c to 4.27c. meal priced at 26.60. linters at 2% ic.
The New York open and close quotes show cotton seed oil futures for August through December with bid and ask values. Prices range from about 5.34 to 6.82 in the recorded session, reflecting market activity and seasonal contracts.
This week’s cotton market faces a volatile scene as top operators take opposing positions. Bulls struggle with large movement, weather effects, and reports of insect damage. Forecasts predict fair skies for Texas and Oklahoma with cooler Panhandle conditions, while tropical storms loom as bears brace for impact.
The Texas rice growers plan a 25 cent per sack advance amid Japanese market activity, boosting futures. canned vegetables and tomatoes face scarce supply and rising prices while grocers brace for tighter home stock. Cotton and grain see high prices as corn and wheat are held for gains. fruit demand remains strong with Texas Elberta peaches selling briskly.
Price to shipper less commission to retailer shows butter steady with country butter at 14 116c and creamery at 25c per pound. Cheese remains firm with fancy cream 17c, fancy brick 20c, American Swiss 24c, imported Swiss 3lc, Limburger 20c, Badger State 1749c. Poultry values steady including large choice hens 6 per dozen, medium hens 4.75 to 5.00, large springs 3.50 to 4.00, medium springs 2.50 to 2.75, small springs 2 to 2.26, guineas 3.25 to 3.50 per dozen, ducks 6.00 to 6.50 per dozen, squabs 1 to 1.25, turkeys 15 per pound.
Butter steady creameries 21 26c daisies 19 28c eggs firm receipts 10 984 cases at mark firsts 16c prime firsts 174¢c cheese steady daisies 134 tee twins 12c young americas 124 13 long horns 13 4c potatoes steady receipts 30 cars Jersey Minnesota prices 1.25 1.30 1.10 1.15 poultry live steady turkeys 12c fowls 114éc springs 144c veal steady 50 60 lb 8 9c 60 85 lb 9 10c 85 110 lb 11c
Daily market snapshot from New York lists butter steady with 17,617 cases receipts and process specials at 22 cents. Eggs steady at 20,069 cases with fresh gathered dirties and checks ranging from 12 to 14 1/2 cents per dozen, values per case from 2.00 to 3.30 dollars.
A brief price notice shows butter at 25 cents and creamery items at 23 cents for firsts, plus extras at 20 cents. It also lists packing stock at 18 cents and notes seeond licenses. The fragment mentions firsts at 164 cents and further license references.
Poultry steady with various price points: chickens 9 1 2 cents, springs 12 1 2 to 23 1 2 cents, turkeys 16 cents, ducks 10 1 3 cents, geese 5 to 6 cents. Butter creamery 21 26 cents. Eggs 13 1 2 cents. Lead 4 47 1 2 dollars, spelter 5 80.
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