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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 11, 1911
Page
13
Aug 11 at Union Stock Yards reports a small drive-in stock sale with buyers short on supplies. Cows topped 38.50, calves reached 4.50, hogs absent as receipts remained light. overall week saw strong demand amid light offerings.
A train of fourteen Mexican cattle cars moved from Del Rio to Fort Worth via the Southern Pacific then Katy. Osage country reports excellent conditions aiding markets, while Uvalde and Nixon cattlemen discuss drought, cotton integration, and labor needs. Cattlemen from Gonzales Llano Groesbeck Llano travel to Fort Worth Corpus Christi coast trip noted.
Cattle sales in Fort Worth Texas reporting on August 11 show trading activity by the Associated Press with market details incomplete in the desk dispatch. Future updates will provide prices and buyer names for this session.
Peter F. Watson of Jourdanton notes that rumors of Atascosa County cotton crop failure are unfounded. He cites cotton opening rapid and being picked. Hiram Rhode has six acres and eighteen bales. Maverick eight acres and twenty bales. A G Moore eight acres and over two and a half bales with more to come. Lewis Maverick thirty acres corn with thirty bushels per acre.
Savannh market notes show turpentine firm at 50 percent and rosin quoted in ranges 6.35 to 6.40. St Louis wool prices steady with medium combing grades 18 to 20 percent and other grades 17 to 19 percent for light fine. heavy fine 14 to 15 percent. tub washed 25 to 30 percent.
Prices for hides leather wool and rice show weakness or steadiness with hides dull leather steady wool quiet and rice steady in a quiet market update from New York on August 11.
ST LOUIS grain quotations show higher prices for Wheat, Corn, and Oats on August 11 with September and December futures advancing. Track specifics include Wheat September 89 to 89 half, Dec 94 to 4. Corn September 65 to 4, Dec 62 and Oats No 2 white 39 to 39 cents per bushel.
San Antonio and vicinity: tonight and Saturday fair. East Texas: generally fair. High pressure over the north and low over the plains. light precipitation in the far north northeast and south Atlantic states. Jacksonville reports the greatest rainfall at 1.46 inches.
Chicago reports relief from crop anxiety in the northwest as higher temperatures halt frost damage fears and England harvest conditions aid bears. September corn and oats show declines while pork lard and ribs firm on January delivery. forestalled by foreign demand and frost news. Later, hot winds in Kansas push prices up. close steady with September futures at 92 3 4 for wheat and 65 5 8 for corn.
Receipts and shipments today were recorded in Chicago with AP reporting. The brief note lists transport and trade activity for the day, indicating ongoing market movements in the city.
Chicago data show 0 wheat cars with 98 contract grade and 79 cars with 25 contract grade. Oats total 288 cars. Overall wheat receipts at Chicago Minneapolis and Duluth today total 354 cars, down from 524 last week and 833 on the same day last year.
Chicago wheat market notes bids and offers for various classes including No 2 red No 2 hard winter and No 2 hard spring with old and new crop prices ranging from 1.06 to 1.14 dollars per bushel for northern spring and around 0.90 to 0.95 for red and hard winter grades as of mid August.
Fort Worth Texas August 11 cattle receipts 4800 head steers 15 to 20 cents lower cake fed steers 4.80 to 5.05 stockers and feeders 10 to 15 cents lower 4 to 4.15 cows 10 to 15 cents lower fair to good 2.25 to 8 canners 2 to 2.75 bulls 10 cents lower 2.80 to 3 calves 500 head market steady dealers 0 to 5.26 heavies 4 to 4.75 hogs receipts 500 market strong to five cents higher bulk 7.65 to 7.95 top 8 sheep receipts 175 head market steady.
Cattle receipts total 150 head with 300 Texans. market steady. Native beef steers 4.50 to 7.50, cows and heifers 3.00 to 7.25, stockers 3.00 to 4.75, Texas steers 4.00 to 6.25, calves 4.00 to 5.50. Hogs receipts 6500. pigs and lights 5.50 to 7.85, heavy packers 7.75 to 7.85. Sheep receipts 2000. native muttons 3.00 to 5.50, lambs 4.00.
Receipts and quotes show 1100 cattle and 6000 hogs with market strength. Native steers range 5.00 to 7.60, hogs bulk 7.40 to 7.60, lambs and ewes firm with muttons 3.00 to 3.75 and fed sheep 2.50 to 3.60.
Cattle receipts about 2000 with a strong tone. Beeves 5.00 to 7.65, Texas and western steers 4.10 to 6.40, stockers and feeders 3.00 to 5.50, cows and heifers 2.20 to 6.10, calves 5.75 to 8.25. Hog receipts around 14,000 with steady to strong demand. Light 7.25 to 7.85, mixed 7.00 to 7.80, heavy 6.90 to 7.75, pigs 6.10 to 7.70, bulk 7.25 to 7.70. Sheep receipts near 7000 with prices generally ten cents higher. Native lambs 2.40 to 3.85, Western 2.75 to 3.85, yearlings 3.75 to 4.86, native ewes 4.00 to 7.00, western 4.75 to 7.10.
The document lists market quotes for grains and oats including corn No. 2 varieties priced around 64 to 67 cents per bushel, velvet chaff 890, No. 2 white around 40 to 42 cents, No. 2 yellow about 65 to 66 cents, oats No. 2 at 30 cents, and standard at 40 to 41 cents, with different historical season tags such as northern spring and spring 98c.
Kansas City grain market notes today show wheat and corn prices largely unchanged with minor dips. Quotations list No 2 red wheat at 8 9 eighths, corn at around 62 to 63 cents, and oats trimmed with September and October bid hints amid light activity.
Canadian Pacific gains lead with a 1 percent rise while Union Pacific and others gain a point before losses deepen in the second hour. Harriman interests face selling pressure as Union Pacific slips to 17 54 and the market closes weak amid dull activity and a broad retracement across the list.
The cotton market opened steady with an 8 to 10 point advance and trades totaled about 33 385 points. By late morning prices slipped to a net loss around 3.8 points as trading remained quiet and long positions covered, with January around 11.09 as large blocks changed hands.
New York market notes show a close prime mercantile paper at 4 4% with easy sterling exchange and no business in bankers' bills at other or sixty day bills. Demand for $4 85.80. Commercial bills at 4.83. Bar silver at 45c per Mexican dollar. Government bonds steady and railroad bonds heavy.
Money on call remained steady in New York as of Aug 11 with rates at 2 and 2 3 8 cents, closing bid 2 1 4 cents and offered 2 8 cents. Time loans eased with sixty days 2 3 4 cents and 3 cents, ninety days not fully shown, six months 8 7 8 and 4 cents.
Cotton futures opened steady with January at 11.24 offered and August leading at 12.15 20. March 11.31 bid and June 11.42 43. July 11.43 bid. Futures closed easy as October and December hovered around 11.29 30 and 11.27 238.
New Orleans August 11 Cotton futures opened steady with an 8 to 15 point advance as dry heat and hopes of English settlement buoyed buying. By midmorning selling emerged with prices retreating 6 to 16 points, and the market closed 8 to 12 points lower from yesterday.
New Orleans August 11 cot ton futures opened steady in the market with August 12.18 asked and several month bids and changes noted, showing a cautious start for the season as traders weigh supply demand signals.
Close cotton spot dull with prices 3 points lower. American middling fair 7.41, good middling 17.07, middling 6.77, low mid guess 6.57, good ordinary 6.31. Sales today 3000 bales, 500 for speculation and export including 2100 American. Receipts none. Futures opened and closed steady with prices across several month pairings from August to May June.
Spot cotton in Houston on August 11 remained steady with middling grade at 12.16 cents per pound, indicating little movement in prices for the day.
Cotton market steady in New Orleans with 162 bales sold and no arrivals. Quotations for various grades range from 8 9-16c to 13 8-4c nominal, receipts 756 bales, total stock 29,291 bales.
Spot cotton closed quiet in New York on August 11 with middling uplands at 12.40 and do gulf at 12.65. No sales were reported.
Spot cotton in Memphis on August 11 quoted nominally at middling 13 cents per pound. Public trading and market notes reflect steady demand and standard futures linkage for nearby contracts.
Galveston shipping interests prepare for record early cotton shipments to foreign ports. Forty two large steamships are booked to arrive in August to carry cotton and cargo to ports including Liverpool Manchester Belfast Havre Bremen Hamburg Antwerp Ghent Rotterdam Barcelona Genoa Naples Christiania and others. Through August the receipts total 24 664 bales up from 5 007 bales a year ago. Industry men forecast a decline of over 200 000 bales by September 1.
Cotton statistics show current year and last year figures by port including Galveston New Orleans Savannah Norfolk Baltimore Philadelphia and Houston stock at U S ports and exports. Stock yesterday 141 171 last week 146 966 last year 241 200 deficit this season 100 029 Exports to Great Britain France and the Continent listed.
The market shows mixed sentiment as bulls cite hot weather and premature cotton bolls while bears point to Liverpool disturbances and strong reports from growing areas. Alabama and Texas report hot, dry conditions with August seen as critical. Georgia notes high temperatures and sappy green crop deterioration.
Traders on the local exchange express skepticism about the fresh hot air in market talk. They warn August could bring a crop scare, while bullish voices claim a week of good conditions could spark steady buying. Asker Hoskins, cotton buyer, travels home to Waco after a week in Harlingen, Texas.
Memphis August 11 report shows prime basis at 4.3647 cents per pound for 26.50 linters 2 and 4 cents.
Open and close quotations for cottonseed oil contracts listed in New York show August September and December maturities with bid ask ranges. Prices span around 5.23 to 5.65 per unit across months with varying adjustments and market activity reflected in the mixed figures.
Local jobbers report another ten cent advance amid a New York rise pushing refined sugar near August records. Sharp demand from refiners and growers spurs higher pricing while housewives fear a market crash. California fruit shipments and a poor peach crop loom as other market notes.
Out of town business in the commercial district shows a Christmas like rush as the early cotton crop spurs orders. Jobbers add workers and offices race to ship goods with breezy produce row activity and widespread selling force expansion. The fall rush begins three weeks early across jobs and manufacturers in San Antonio.
Market on potatoes rose with several car consignments arriving and stock remaining clean. Restaurants struggle to find potatoes suitable for French fries, driving price sensitivity. California stock quoted at 2.85 to 3 dollars, a few cents lower than the week’s start.
Prices show per pound rates for canning goods and dairy items. Cannery 26c, country butter 14 15c, eggs firm, fresh corn 17 18c, various cheeses including cream 17 ½c, brick 20c, American Swiss 24c, Limburger 20c. Poultry values steady with hens and springs priced per dozen, squabs and turkeys listed.
Chicago prices show butter and cheese steady with varied per item quotes. Eggs are steady with receipts reported at 8193 cases and mixed grade prices. poultry live prices trend weak with turkeys and fowls listed, veal figures by weight class noted.
Quotations today show eggs firm with receipts of 11 987 cases. Fresh gathered extra firsts in the state and nearby areas at 19 20c, white eggs at 24 30c, gathered white at 28c.
Kansas City produce listing shows butter creamery 25 cents, firsts 23, seconds 21, packing stock 17 5/8 cents. Extras 19 3/4 cents, firsts 6 cents, seconds 5 cents.
St Louis market notes poultry and egg prices with chickens at 9 to 12 for various birds and eggs higher by 14 cents, dull overall, dairy and creamery prices referenced but not detailed. Associated Press dispatch from St Louis dated August 11.
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