Market Roundup Shows Short Covering Amid Mixed Futures
Higher Liverpool futures and Western deterioration reports spur short covering across cattle calves and hogs. Cattle 66, calves 99, hogs 24 reflect price moves on today’s receipts.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 15, 1911
Page
11
Higher Liverpool futures and Western deterioration reports spur short covering across cattle calves and hogs. Cattle 66, calves 99, hogs 24 reflect price moves on today’s receipts.
At Union Stock Yards on August 15 a light run brought steady commissions despite varied prices. Calves sold to packers at 4.60 with most buyers inactive. cattle ranged 5 to 5.50 depending on grade. No pork sales occurred. traders expect price shifts only after rain or temperature changes.
Stock yards today report one car steers from Peatsall to Fort Worth, one car calves from Ixon to Fort Worth, and one car of mules from Wichita to San Antonio. Registered stockmen include J. M. Lowery Kerrville WW H Kuykenfall Liana G Turner Pearsall K K Taylor Del Rio H W Dockey Del Rio and S M Reynolds Kenedy. An open letter by Sam Cowan of the Cattle Raisers Association condemns free hides as discriminatory tax shifting to producers, a stance echoed by the National Live Stock Association. The Fort Worth Stock Reporter discusses hog feeding trials with corn and alfalfa ratios, noting alfalfa as a principal ration for nonmarket hogs and profits from mixed feeding. Oklahoma City reports a strong wool clip potential as the wool price stands at 12 cents a pound. Crawford of Jimarron County and Willis Reed report large flocks and high yields, while Oklahoma census shows growth in sheep numbers since 1910.
Memphis Aug 15 Associated Press reports prices for meal at 28.50 per unit and related cotton seed products. Details include market movements and brief pricing figures across a range of products, indicating steady demand in the textile region.
Classified item seeks a typewriter to perform copying work at 214 Mackay building on Wednesday between 9 and 10 oclock.
Forecast for San Antonio tonight and Wednesday calls for fair weather. Texas outlook shows high pressure in the northwest and low pressure in the northeast with scattered showers and thunderstorms east of the Mississippi. Rain totals noted include 1.46 inches in Raleigh and 1.36 inches near Sky West, Florida where rain continues.
Lower cables and fair threshing weather amid light Winnipeg damage. September corn opened down to 63 1 2 cents and settled near 63 3 4. Wheat futures fell as selling pushed September to about 89 1 2 cents. Oats and lard traded softly with minor gains in oats and hog declines dragging provisions lower.
Chicago on August 15 reported daily receipts and shipments across markets. Trade activity covered multiple commodities with totals indicating movement in grain and related goods through the city. Details list quantities and carriers handling the day’s business.
Chicago notes show today 327 wheat cars with 156 contract grade, 237 corn cars with 98 contract grade, and 471 oats cars. Total wheat receipts across Chicago Minneapolis and Duluth reach 629 cars, versus 713 last week and 955 on the same day last year.
Chicago quotations for the day show varied grain values with different wheat categories and corn grades. Prices range around No 2 and No 1 classifications for hard, soft, and white varieties, alongside several percentages and fractional cents noted for kernels and byproducts.
Money on call holds at 2 1 2 percent with a 2 percent role rate. Closing bids show 14 and offers 06. Rasme loans ease for 90 days and six months follow a light shift in rates as markets adjust.
Fort Worth Tex August 15 hogs move lower by five cents with receipts 1690. Top price reached 7.85 while most sellers posted 7.55 to 7.80. Cattle and sheep markets show mixed results with feeders steady and calves and lambs listed at 5.00 to 5.75 and other livestock showing small changes.
Cattle receipts about 7000 with a steady to 10 cent lower market. Reeves 5.70 to 6.10, Texas steers 4.50 to 6.15, cows and heifers 2.20 to 6.10. Hogs receipts about 17000 with a five cent drop. lights 7.16 to 7.80, mixed 6.95 to 7.80, heavy 6.80 to 7.65, bulk 7.10. Sheep receipts about 20000 and prices about ten cents lower. natives 3.0 to 4.0, westerns 3.00 to 4.00, yearlings 8.75 to 5.00, native lambs 4.0 to 7.25.
Receipts and quotations for cattle, hogs, and sheep tabulated. Cattle receipts about 12 000 with native and southern classes showing mixed ranges. Hogs and sheep prices listed with market largely steady or slightly lower amid varied weights and sections.
Receipts total about 5000 cattle including 1560 Texans with market steady to strong. Native beef steers 4.50 to 7.50, cows and heifers 3.00 to 7.20, stockers 3.00 to 4.75. Texas steers 3.00 to 6.25. Hogs receipts 2500 with prices 5 cents lower. pigs 5.75 to 7.40, packers 7.65 to 7.80, heavy 7.40 to 7.75. Sheep receipts 6000 with market steady. native muttons 3.25 to 3.75, lambs 4.00 to 7.35.
Quotations today from St Louis show cash wheat at No 2 red 87 to 88c No 2 hard 98 to 1. Corn bids: Track No 2 63c No 2 white 68 1/2c. Oats firm with Track No 2 40c No 2 white 41 1/2c. Close Wheat September 86 1/2 Dec 91 4 1/2c Corn September 64 1/4 Dec 61 1/2c Oats September 44 1/4 Dec 44 1/2c.
Quotes from Kansas City show mixed wheat and corn prices with minor moves. No. 2 red wheat closes around 88 half cents while corn and oats hold near previous quotes reflecting a steady market tone.
Stock market activity at New York opens with losses dominating gains. Union Pacific slides about 1.5 points while Canadian Pacific, Reading, and Atchison fall. some gains appear in Great Northern preferred, Pennsylvania, Lehigh Valley, and Erie preferred. Midday sees renewed selling across many leaders with Union Pacific sinking to 172 4. U S Steel stands out as relatively steadier amid overall dullness and a renewed Standard Oil dividend is noted for sentiment.
The article notes steady exchange rates with 4.83.76 for day bills and 4.85.90 for sight bills, 4.88 for Berks, and firm government and treasury bonds. It contains brief currency and bond standings from a merchant paper in Australia and London markets.
The New York cotton market opened steady with an 8 12 point advance and traded 19 20 points above last night’s close as higher cables and crop prospects buoyed demand. Gains narrowed to 26 27 points on new crop before midday profit taking and cooler Texas temperatures sparked selling. spot price remained nominal.
New York August 16 cotton futures opened steady with January at 11.25 26, March 11.88 84, May 11.41 42, July 11.43 bid, September 11.84 36, October 11.29 80, December 11.32 33. Futures closed barely steady as operations showed narrow trading.
New Orleans August 15 cotton futures opened steady gaining 9 to 12 points as reports of crop deterioration in the western belt spurred short covering and fresh long interest. Weather maps showed rain in the central and eastern regions, dry conditions in the west, with highs near yesterday’s levels and a closing gain of 11 to 15 points.
New Orleans August 15. The cotton market on futures opened steady with September at 11.25 33, October 11.20 21, December 11.20 21, January 11.25 25, March 11.38, May 11.47 48 with nearby months showing slight variations.
Closing spot cotton at Liverpool shows a standstill market with prices about 7 points lower. Quotations list American middling rates around 7.28 for good middling and 5.93 for ordinary, amid 1000 bales sold and 1800 bales American receipts. Futures opened quiet and closed strong with several spread pairings cited.
New Orleans traders reported rough Honduras strong and active while clean rice stayed steady. Quotations: rough Honduras at 2.35, clean Honduras 2.14, Japan rice 2.75. receipts 41,387 rough and 582 clean. sales include 7,690 rough Honduras and 8,088 clean Honduras.
The directors of Standard Oil declared the regular dividend of six dollars per share for the period. The note suggests this may be the last payout before the company faces further actions related to the Bartanes Piece affair and a supreme court decree.
Mean temperatures ran 1 to 7 degrees above normal with notable deficits in North Central Alabama and greatest excess in Oklahoma. Western areas reached 90 degrees in Del Rio Texas while Oklahoma and Texas saw little rain except near Galveston and Houston. Heaviest rainfall occurred in the middle gulf states with over 4 inches in Arkansas Louisiana Mississippi and Alabama and a weekly high of 10.15 inches at Donaldsonville Louisiana.
Readable fragments show figures for cotton bales and shipping cities including Galveston New Orleans Savannah Wilmington Boston Houston Augusta and totals. Data compares Today versus Last Year with several numeric totals and place references.
A well known cotton expert says prices stay steady with a pro market bias though high Texas Oklahoma temperatures and insect damage in the eastern belt temper outlook. Weather shows rains in the central eastern cotton region with heat in the west. Georgia foresees 2 600 000 bales subject to normal conditions and shedding only as plants load up. Market opened steady with slight advance from last night amid reports of crop deterioration and constrained new crop movement.
New York and New Orleans show quiet conditions around 12 and 11 percent respectively. Liverpool remains nominal at 6.64, Houston steady at 138-16 and Galveston firm. Sales activity noted.
Market reports show spot sales at 108 and various grades listed. Prices range from low ordinary to strict middling with figures like 7 16 to 12 3 8 cents. Receipts total 734 bales, stock on hand noted as steady.
Memphis August 15 spot cotton stays steady at middling 13 cents with values unchanged from yesterday as traders watch demand and weather signals in the region.
In Houston on August 15 the spot cotton market held steady with middling grade quoted at 12.16 cents per pound. Traders noted no change from previous sessions as demand and supply remained balanced in the market.
terse notice states spot auctions ended with no bids or sales recorded.
The market report notes hot weather shaping demand across can taloupes from north Texas and New Mexico while Kerrville supplies remain common. Prices quote California oranges at 4.26, peaches at 1.50, pears 2.50, grapes 2, plums 2, with a rose in demand for oranges and a looming price drop in potatoes within a week.
Fragments indicate a St Louis item dated August 14 mentioning percentages and pricing or rates. Readable details are limited but show a percentage figure over 42 percent and a note about rates or prices in a local context.
Butter prices hold steady with country butter at 14 to 15 cents per pound and fresh country candled at 17 to 18 cents. Cheese remains firm with fancy cream 17 to 17 and a half cents, brick 20 cents, American Swiss 24 cents, imported Swiss 31 to 31½ cents, and Limburger 20 cents. Poultry values show hens per dozen ranging from 4.75 to 6.00, springs 2.20 to 4.00, ducks 6.00 to 6.50, squabs 1.00 to 1.25, and turkeys 14 to 16 cents a pound.
Chicago market notes show butter at 26e and 18 2f for different brands with steady cheese. Receipts total 11 460 cases, with varying firsts and prices. potatoes steady from 1.30 to 1.50 for different grades. poultry firm with prices for chicks and fowl. veal steady across weight ranges.
New York reports egg prices steady on August 15 with 18 043 cases observed.
Associated press notes market quotes in Kansas City with butter at 23 cents per pound creamery butter at 23 cents and eggs around 16 cents per dozen. Prices for various stock items and related commodities appear with minor fractions and inconsistent spellings.
Poultry prices hold steady with chickens 9 c, springs 18 c, turkeys 16 c, ducks 10 13/ cents, geese unchanged. Butter steady at 2 dollars and 26 cents per pound with creamery grades. Eggs unchanged at 14 cents.
In New York on August 16 the price of meats rose to a season high, with an advance recorded on Wednesday. The report notes pounds and cents as part of the pricing, reflecting a sharp step up for the local market.
An OCR fragment notes a local event with times 6.55 and 7.20 and mentions names and places in Charleston. Details are sparse and unclear but indicate schedule entries for events or performances.
Savannah market notes show firm sales 62, receipts 219, shipments 43 percent, stocks 31,003. Additional data lists firm sales 2646 and receipts 2000 with 4543 ments and stock 106,289. Quotation figures include B 6.60 D 5.60 B 18 F G43 G 6.50 I 650 K 658 M 660 6.70 WG 7.16 WW 7.35.
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