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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 09, 1911
Page
11
At the Aug 9 livestock market in Niger, buyers held for higher prices with moderate supply. Best cows reached 3.50, calves similar to grown cattle, hogs paid up to 6.75, and overall prices steady to higher as buyers returned midmorning.
G. F. Henson of Fairview in town says hay and forage will be good but cotton is short. He notes river water shortages near the S bridge and widespread soil porosity. J. M. Briggs of Stockdale visits stock yards with steers. he cites mixed water conditions in Wilson County and warns drought could worsen without rain.
The Associated Press reports New York markets for cotton goods are quiet with irregular prices on gray cloths. Domestics steady but in limited demand, export trade quiet as buyers fear lower cotton. Staples in men's wear are being ordered. yarns are gasy. broad silks are quiet.
New York money markets show call money steady at 2 1/4 to 2 1/2 percent with the ruling rate at 2 percent and closing bids and offers around 2 3/4 percent. Time loans move higher with sixty days 2 3/4 and ninety days 3 1/ to 3 1/2 percent.
Judge T J Freeman of the International and Great Northern Railroad said no valuation filing will be made to the railroad commission until the line reorganizes. The tentative valuation talk came after the reorganization plan is completed and details of the new charter remain undisclosed.
Funeral services for Mrs Newton Flippen formerly Miss Faye Nickerson were held at A G Munro residence New Braunfels. Interment followed at Mission Park burial grounds. At her request only family attended the Beacon Hill Baptist church service led by Rev Mr Lewis.
Forecast through Thursday shows fair conditions with little temperature change. East Texas also fair with steady temperatures. A large high pressure area east of the Mississippi and over Alberta drives the dry pattern, while Tennessee Alabama and Florida face thunderstorms near Birmingham and Key West.
Chicago trading opened with gains as frost threats in the Canadian northwest and Russia crop concerns buoyed wheat. September futures rose to around 92 1/2 cents, corn and oats showed strength, while pork, lard, and ribs futures edged higher on firm demand and expectations of a bullish government report.
Chicago trading figures show receipts and shipments today with totals not specified. Market activity centers on agricultural and commodity goods moving through the stockyards under steady conditions.
Chicago reports today 487 wheat cars at Chicago Minneapolis and Duluth down from 749 last week and 968 on the same day last year. 53 corn cars with 15 contract grade and 291 oats received.
Fragmentary OCR text shows grain prices and terms such as No 2 mixed and white oats with minor percentages. Mentions September and likely regional prices, but details are incomplete and scattered across the snippet.
Chicago market prices list commodities with fluctuating bids. No. 2 red 89 91 cents, No. 90 91 3 to 4 cents, No. 1 northern ola 10 and 1.12 detailing daily trading figures.
Fort Worth Texas cattle and hog market results show steady to higher trends. Cattle receipts total 3500 with steers and heifers varied by grade. calves 1000 head and vealers 4.75 to 5.00. Hogs receipts 1150 with prices steady to higher. top hogs around 8.00. Sheep entries 90 head with market steady and ewes at 2.50.
Cattle receipts 9000 with steady to ten cent higher quotes. Native steers 5.10 to 5.70, southern steers 4.00 to 5.80, southern cows and heifers 2.60 to 4.75, native cows and heifers 2.00 to 7.00, stockers and feeders 3.50 to 5.76, bulls 3.00 to 4.50, calves 4.00 to 7.00, western steers 4.75 to 6.80. Hogs receipts 6500 with market to five cents higher, bulk 7.45 to 7.65, heavies 7.50 to 7.70, packers and butchers 7.45 to 7.70, lights 7.40 to 7.65. Sheep receipts 17000, market steady, wethers 3.00 to 4.25, lambs 5.25 to 6.25, ewes 2.50 to 3.25, muttons 3.00 to 3.40.
Receipts total about 5000 cattle including 800 Texans and 3500 hogs with markets steady. Native steers range 5.40 to 7.25, cows 3.00 to 7.00, stockers 3.00 to 4.75, Texas steers 4.00 to 6.25, calves 4.00 to 5.50. Sheep receipts 6000 with muttons 3.75 to 4.75 and lambs 4.00 to 6.85.
Receipts for cattle estimated at 17 000 were up about ten cents with Reeves at 5.00 to 7.60 and cattle varieties from 2.20 to 8.00. Hogs saw about 20 000 receipts and a ten cent higher range with light 7.20 to 7.80 and good to choice heavy around 7.06 to 7.60. Sheep receipts near 20 000 and steady to ten cents lower with natives 2.25 to 3.75 and yearlings 3.75 to 4.75 along with lambs 3.75 to 6.75 data shows mixed prices across cattle hogs and sheep.
The opening of trading shows broad weakness with substantial declines in Union Pacific Canadian Pacific and Reading. Lehigh Valley moves with Reading while Texas company rebounds after a drop on Joan W Gates death. Market dullness grows as the government crop report looms and bond prices stay steady.
Close mercantile paper four to four and a half cents Sterling exchange easy actual business in bankers' bills at 4 83 75 for sixty day bills and at 4 85 96 on demand Commercial bills 4 83 1-4 Mexican dollars 45 cents Government bonds steady Railroad bonds easy.
ST. LOUIS reports lead holding near 4.47 percent while spelter shows higher prices with cents figures, signaling early metal market shifts.
Market opened steady with declines and gains across cities and crops. Advices from Liverpool note mills closing amid railroad strikes while local shorts take profits. crop reports are mixed with hot winds feared in the southwest and prices fluctuated throughout the day.
The market shows steady starts across futures contracts with January around 11.03 to 11.04, March at 11.12 to 11.13, May 11.19 to 11.21, August 12.10, October 11.07 to 11.08, and December 11.09 to 11.10 as of the opening.
Cotton futures in New Orleans opened steady but slipped early on weak cables. Deteriorating temperatures across the belt spurred buying, with Texas reporting severe damage complaints. By midmorning the market firmed and closed 11 to 14 points above yesterday, steadying in the afternoon up 16 to 22 points at 2 PM as traders cited favorable weather outlooks and a bulls shift.
In New Orleans on August 9 a conference on validating cotton bills of lading is planned between English banker Haight of the Liverpool Cotton association and foreign financiers and Sol Wexler, William Mason Smith, and A. Breton. F I Kent of the New York committee failed to arrange an early meeting. The issue, linked to the Knight Yancey affair, has unsettled Southern cotton traders and bankers who expect Haight’s arrival as a key first move from the opposing side.
New Orleans and Savannah figures show changes in cotton stocks and ports. The report lists bales and stock levels by city including Houston and Boston with last year comparisons and a deficit for the season.
The market opened steady with futures trading in narrow ranges. August at 11.75 bid, September 11.11 asked, October 10.95 96, December 10.95 asked, January 10.95 96, March 11.07 08, and May 11.17 20. The quotes reflect light activity across the curve.
Memphis August 9 reports prime basis at 4836 4 37 cents per unit averaging 26 50 with linters at 2 4e.
The New York market reports cotton seed oil price quotes for August through December with bid figures shown. Prices range around 5.19 to 5.46, with several months listed and several fractional adjustments.
Closing cotton prices eased slightly in fair demand at Liverpool with American middling at 7.26 and other grades down. Daily sales reached 5000 bales with 4700 American receipts and futures opening easy but finishing very steady across the forward curve.
The Galveston and Houston ports report record new crop arrivals with 19,871 bales at Galveston and 5,613 at Houston for August. Cumulative Texas ginnings reach 12,238 bales by August 1 and total US port receipts hit 44,388. Bulls and bears shift stance amid weather and labor worries as farmers sell fast.
Spot cot ton in New Orleans remained quiet and unchanged with 97 bales sold on the spot and no arrivals. The market quoted levels ranged from low ordinar y to good middling with several intermediate grades and minor variations noted. Receipts totaled 357 bales and stock rose to 29 822 bales.
Spot cotton in Houston on August 9 held steady at middling 12 cents per pound with no change from prior levels, buyers and sellers watching trade conditions as temperatures stay hot.
Memphis Tennessee August 9 spot cotton held steady at the middling grade priced at 13 cents per pound.
Cotton spot in New York closed quietly with a 10 point gain. Midling uplands quoted at 12.40 cents, middling gulf at 12.65 cents. Sales recorded at 200 bales.
Sugar and molasses prices move in steady pattern. Raw sugar at 4.11 cents per pound for 89 test and 4.61 cents for 96 test. Muscovado at 4.11 cents and molasses sugar at 3.86 cents for 89 test. Refined and molasses hold steady.
New York reports dull hide trade and steady petroleum and rice markets while wool remains quiet.
New York price report shows coffee futures ending unchanged to slightly higher in thin trading. Rio No 7 quoted at 18% 13 cents, Santos No 4 at 13% cents, spot coffee quiet while mild grades such as Cor Adova run around 14 to 16 nominal.
The San Antonio potato market tightens as traders struggle to secure supply. Prices may rise before a renewed influx tomorrow. Dairy goods gain as rains boost Southwest pastures, milk, butter demand rises. egg and corn product markets firm with planned price advances. Local tomatoes stay strong with higher crate prices but weak demand for lower grades.
Butter steady with creamery 25c per pound and country 14 15c. Eggs firm with fresh country candled 15 16c. Cheese prices firm including Fancy cream 174c and American Swiss 24c. Poultry steady with large hens $6 per dozen and turkeys 15 to 16c per pound.
Butter steady with creamery prices 21 26c and Daisies 19 23c. Eggs steady with 9097 cases received. firsts lic, prime firsts 174¢c. Cheese irregular with Daisies 13 %c, Twins 12% 13c, Young Americans 13% c, Long Horns 13% ee. Potatoes Jersey grades 1.25 1.30. Minnesota 1.10 1.15. Poultry live firm Turkeys 12c, fowls 12c, springs 14%c. Veal steady with 50 60 lb 8 %c, 60 85 lb 9 10%4c, 85 110 lb 11c.
Kansas City market quotes show butter at 25 cents for creamery firsts 23, seconds 21. eggs list extras 20, firsts 16, seconds 11 cents.
St Louis market quotes show poultry steady with chickens 9% c, spin 12% c, turkeys 16 c, ducks 1% c, eggs steady at a stable level and butter quiet with creamery at 21 2.
Quotations for August 9 show eggs steady with receipts of 11 522 cases. Fresh gathered dirties No 1 quoted at 15 cents and checks good to prime 13 cents with poor to fair cases priced at 3 40 to 3 60 per case.
St Louis market notes show steady poultry and egg prices with chickens at 91-20, turkeys 16c, ducks 10c, geese 5c, butter quiet at 219 2¢, eggs 131-20, lead firm at 4.47, and spelter strong at 5.80.
New Orleans August 9 The Ch market was fairly active with stronger inquiry for clean Honduras rice. Receipts totaled 2783 rough sacks and 6851 clean sacks with no millers. Sales included rough Honduras at 5.23 per sack and clean Honduras at 2.36 per sack. Quotations listed rough Honduras 3.16 to 3.80 per sack and clean Honduras 2.05 to 2.53 per sack.
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