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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 24, 1911
Page
9
Cattle receipts about 200 head and around 50 hogs with light rain dampening demand. Heifers top at 3.50, cows around 2.75, some at 3.00. calves few, stock shipments set aside, market influenced by fed cattle and lower quality.
Cattle sales by the Associated Press from Fort Worth Texas on August 24 show market activity with detailed prices and lot descriptions for various cattle types and buyers. The report lists bids, weights, and prices as the sale proceeds.
R Rice of Robstown says cotton yields will be high this year with over 1200 bales ginned already and about 7000 acres planted in cotton near Robstown. New land from Driscoll ranch area expanding, with more than 3500 bales expected to be ginned, averaging about half a bale per acre.
Strength in the eastern money market is reflected here with steady loan rates. Currency shipments to Texas and Oklahoma grow as cotton harvesting widens. The movement is expected to rise further before month’s end.
A steady bend for cotton goods for prompt and ready shipment marked the New York market. Flannelettes ginghams were sought for quick delivery and wrapped goods like cot flannels and dimities were in demand. More inquiry for napped cloths but only moderate business done. Worsted yarns quiet with firm prices on tight supply numbers.
York report notes hides quiet while feather and wool markets show steadiness with firm tones. In St Louis prices for wool grades advance with mixed headings for combing and clothing. New York sugar prices rise by ten cents per hundredweight as market activity expands.
The report notes lead firm at 212 4.45 and 6.95 6.00 for Spelter, with prices easing.
Quotations were reported by the Associated Press from Kansas City on August 24. Hard and soft wheat showed steady pricing with several grades listed, while corn and white grains traded within narrow ranges for nearby and deferred months.
Markets show wheat and corn weakness with September futures around 60 to 62 cents for wheat and 61 to 62 cents for corn. Local note: L B Gerner of the Southwestern freight center of the Alton Clover Leaf lines based in Dallas visits the city and C Kelly of Waco registers at St Anthony today.
San Antonio forecasts expect fair conditions tonight and Friday with cool in the north and east. East Texas also fair with local showers in the north and extreme east portions. Recent rainfall includes an inch or more in Dallas Dublin Waxahachie and Galveston and two inches or more in Sherman and Weatherford. Distribution of air pressure is irregular and weather remains unsettled.
Chicago traders cited crop prospects and reciprocity fears dampening demand. Weather in Britain and North Dakota influenced futures. September slipped to 90 1 2 cents, corn held firm on rain needs, while pork, lard, and ribs futures showed varied gains.
By the Associated Press receipts at Chicago today show 116 cars of wheat including 25 contract grade, 242 cars of corn with 126 contract grade, and 201 cars of oats. Total wheat receipts at Chicago Minneapolis and Duluth reached 374 cars, versus 319 last week and 526 a year ago.
Cash grain prices listed for wheat corn and oats in Chicago. No. 2 red wheat 90 to 91 cents, No. 2 hard winter 91 65 cents, spring and northern varieties around $1.14 to $1.17, mixed quality and new crop ranges. Corn No. 2 around 64 cents, white and yellow varieties near 64 to 65 cents. Oats No. 2 white about 42 cents, standard 41 to 42 cents.
Fort Worth Texas stockyards report hogs 10 to 19 cents lower with receipts 2500. Cattle to 5.36 for corn fed beves and 4.90 to 5.36 top. Cows slow at 2.60 to 3.45 and bulls 2.60 to 3.15. Sheep receipts 1400 steady with wethers around 4.00.
Cattle receipts 4000 with 1000 southerns and steady to strong market. Hogs receipts 7000 with prices 7.15 to 7.45 for bulk to packers. Sheep receipts 4000 with market steady. muttons 3.25 to 3.75. lambs 5.50 to 6.50.
Chicago market reports show cattle for 4000 receipts weak with ranges from 2.25 to 6.40 for cows and calves. Hogs at 18000 receipts slow with various classes from 4.75 to 7.72, bulk 7.20 to 7.50. Sheep receipts 18000 steady to lower with native and western ranges noted.
Receipts total 4200 cattle including 1500 Texans with a steady market. Native beef steers 4.50 to 8.15, cows and heifers 3 to 7.50, stockers 3 to 4.75. Hogs receipts 9500 with pigs and lights 5.50 to 7.50, packers 7.50 to 7.70, butchers 7.05 to 7.70. Sheep receipts 2500 with native muttons 3.25 to 3.75 and lambs 4.00 to 6.25.
Clos mercantile paper quoted at 4% with bids. Sterling exchange with actual bills: 60 days at 4.83.70 and demand at 4.86.05. Commercial bills at 4.83. Bar silver 62. Mexican dollars 45. Government bonds steady, railroad bonds heavy.
The Associated Press reports Consols for money and account at 78 percent. Bar silver steady at 24 4 percent. Money 1 percent. Short bills 24 2 percent, three months bills 2 percent. Bank of England bullion 257000 pounds added, 8000 pounds drawn for continental shipment. Bank rate remains at 3 percent.
Paris reports three percent rentes at 41.2 percent for the account with a London exchange of 26 francs 264 centimes for checks, reflecting currency activity as of August 24.
The New York market opened with broad weakness as most active issues fell. American Tobacco preferred dropped about one and a quarter, Canadian Pacific and Erie down around one each, and U S Steel, Union Pacific, Reading, Northern Pacific, and Southern Pacific lower. By noon the downturn widened, rumors of a Southern Pacific strike and steel demand worries pressured prices, with Southern Pacific hitting new yearly lows. A brief rally followed on labor denial news, then further declines resumed, leaving many stocks at or near fresh lows for the year.
The New York cotton market opened barely steady with a decline of 8 to 13 points due to lower cables and rain in the southwest. New crop months slipped 11 to 18 points early. December rebounded about 11 points as bulls supported prices. By midday the market was quiet and down 2 to 6 points on active months, with rumors of a bullish condition report and favorable weather reports influencing trading. Spot prices remained nominal.
New York cotton futures opened barely steady with August at 12.36 cents, September 11.86 and 40/points bid for October at 11.25. Prices closed steady as the market held.
The New Orleans cotton market opened 11 to 12 points lower as private reports of rains in Texas and Oklahoma spurred short selling. Prices drifted to 7 to 12 points under yesterday at midmorning before buying to steady the market. By noon, months were 2 to 3 points under prior close, ending the first half hour down.
New Orleans August 24 cotton futures opened steady with September at 11.27 29, October 11.16 17, December 11.15 bid, January 11.26 asked, March 11.36 bid, and May 11.36 48. Prices show a narrow trading range as traders gauge demand and weather signals.
Close spot cotton in Liverpool firmed five points as transit uncertainties damped activity. American middling fair quoted at 7.45 pence, good middling 7.11, middling 6.81, with 4000 bales sold including 2800 American and 200 for speculation and export. Futures opened quiet and closed steady with various backwardation and nearby spreads listed.
New York on August 24 reports cotton spot quiet with middling uplands at 12.70 and middling gulf at 12.95 per hundredweight. Sales volume 1 150 bales.
Spot cotton firm with prices across grades from low ordinary to good middling. Receipts total 324 bales and current stock stands at 245,618 bales. Prices given in 1/16 cents per pound decimals.
Memphis reports spot cotton steady on August 24 with middling grade at 13 cents. Market observers note no change in price from the prior session as traders monitor supply signals and nearby demand.
The cotton picking season in Corpus Christi area is more than half over with Nueces County expected to exceed 10 000 bales this year. Local gins Caldwell Trott and Harrisons have produced 1844 bales so far, and 350 more bales were shipped by buyer Sidney Borden in the past two days.
The cotton market opened with a steady decline as reports of drenching rains spread through Texas and Oklahoma. Short sellers dominated while bulls withheld support. new crop months slipped then saw slight lift from renewed bull interest amid nearing government figures.
Cotton totals for multiple U S and Southern cities shown for today and last year including Galveston New Orleans Savannah Charleston Wilmington Houston Augusta Memphis and stock levels Stock yesterday stock last week and last year deficit this season given Havre France reports range of cotton futures in centimes
Memphis market notes show prime basis oil at 4.63 4.64 cents, meal at 26.50 dollars, linters offered with a 2 percent 3e adjustment.
Associated Press reports from New York on August 24 note cottonseed oil market activity. Prices and demand movements are highlighted as part of daily commodity coverage.
T J Clark of a near Yoakum farm marketed a 1548 pound bale of cotton at the gin yielding a 632 pound bale about 41 percent lint and selling for 72 05 dollars. The report notes 33 Per cent as typical and 35 per cent as extra good for this region. The cotton comes from Mebane selected seed.
New York sugar prices steady with Muscovado at 4.50 to 4.62 cents and centrifugal at 5.00 to 5.25 cents. Molasses quiet while refined sugar remains firm.
A market report notes a reversal of price declines with advances in lemons in California and a ten cent rise for potatoes. Lemons rise to 4.50 per box in San Antonio, spurring expectations of higher overall prices. Colorado potato shipments start Monday with high quotes. Grapes, pears, coffee, and dried fruits show varied movements as sugar firms at 6.65 across southern markets.
Prices to shippers and retailers show butter steady Creamery butter 25 cents per pound country butter 14 to 15 cents Eggs firm fresh country candled 16 to 17 cents per dozen Cheese firm Fancy cream 12 1/2 cents Fancy brick 20 cents American Swiss 24 cents Imported Swiss 31/2 cents Limburger 20 cents Badger State 17 1/2 cents Poultry steady Large choice hens 6 dollars per dozen medium hens 4.75 to 5.00 per dozen large springs 3.59 to 4.00 per dozen medium springs 2.50 to 2.75 per dozen small springs 2.00 to 2.25 per dozen guineas 3.25 to 3.50 per dozen ducks 6.00 to 6.50 per dozen squabs 1.00 to 1.25 turkeys 15 to 16 cents per pound
Quotations were Butter steady with creamery ranges 20 25c and Daisies 18 22c. Eggs steady with receipts 4961 cases. Cheese steady with Daisies 134 4c, Twins 12% %c, Young Americas 134% %c, Long Horns 13% %. Potatoes firm with 30 car receipts. Jerseys $1.25 1.30, Minnesotas $1.20 1.30. Fair to good Minnesotas $1.10 1.15. Live poultry steady turkeys 4c, chickens 13c, springs 14% c. Veal 50 60 lb 8 %c, 60 85 lb 9% 10% 3c. 5 to 110 lb weights likely listed.
The report from New York dated August 24 notes steady eyes and receipts totaling 13 955 cases. Fresh gathered dirties No 1 14 percent lb c and No 3 14e are listed in the market notes.
Quotations today show creamery butter at 24 cents for firsts 25 cents for seconds 21 cents packing stock 17 cents extras 21 cents firsts 18 cents seconds 6 cents across the market in Kansas City.
Quotations noted in St. Louis show poultry firm with chickens 18c to 18c for spring, turkeys 16c, ducks at 9c, geese at 25c, butter dull with creamery 20 to 25c, eggs firm at 64 to 65c. This reflects a steady market on August 24.
Quotation Eggs firm at 12% to 18% cents. Poultry firm with Springs at 14% to 15 cents, hens at 1 lig e, turkeys 15 to 16 cents. Market notes from Cincinnati dated Aug 24.
New York market report shows coffee futures closing steady down to up 5 points, with total sales 81,750 bags. Spot coffee quiet as Rio No 7 sells at 13 to 13 1/2 cents per pound and Santos No 4 at 13 1/4 cents. Mild coffee dull with Cordova at 14 1/2 cents.
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