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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 28, 1911
Page
11
At Union Stock Yards on August 28 the cattle supply was light with unusually short heavy cows and strong demand. Best cows topped at 3.25 dollars, commons and medium grades at 3. Calves steady with top at 3.85. Hog offerings were few with mid quality animals in trade, no sheep offered.
Cattle sales here today were reported by the Associated Press from Fort Worth Texas on August 28. The brief note lists prices and lots offered but specific figures are not provided in the readable text.
A special train of eighteen cars carrying about 900 bales of cotton will depart Taylor for Galveston this afternoon via the International and Great Northern. Buyers McFaddens arranged the shipment, with 251 bales received locally yesterday, bringing the season total to 4973 bales. Rain earlier prevented around 900 bales from being marketed.
Special to the Licht reports the 1400 bales sale by Alexander Eckles and Co of Dallas to Walker Bros and partners marking the largest cotton deal in years in Luling Texas. Freight agent J B Brooks aided shipment to Galveston via two special trains on the San Antonio and Aransas Pass railroad. Cash involved about $90 000 with most bales described as good middling.
W G Crush general agent of the Katy and Joseph Hellen general passenger agent of the Texas New Orleans arrived in San Antonio for a meeting of chief rate clerks at the Hot Wells hotel. E F Adams naval passenger agent of the Santa Fe also attended. The article notes ongoing work on enlarging the Suez Canal since 1869.
Chicago trading opened with nervous firmness in wheat as prices fluctuated above Saturday's close. December wheat rose to 95 1 2 to 96 1 2 c, then eased near 95 3 4 c. Corn moved higher to 62 1 2 c, oats steady near 45 1 2 c, and January pork futures opened at 16.40 with nearbys edging up to 9.15 cwt and rib prices around 8.42.
Receipts today totaled 668 cars across Chicago Minneapolis and Duluth with 84 wheat cars including 389 contract grade 362 corn cars 182 contract grade and 148 oat cars. Compared with last week 477 cars and four years ago 971 cars.
Quotations today show firmer cash wheat with No 2 red at 88 1/2 to 90 cents and No 2 hard near $1. Track prices for No 2 track 63 1/2 cents, No 2 white 64 1/4 cents. Oats rise with No 2 track 41 1/2 cents and No 2 white 44 cents. September wheat at 88 5/8 to 3/4, December 93 3/8 to 1/2. Corn higher with September 63 1/4 cents and December 61 7/8. Oats September 42 3/8 to 1/2 and December 45 1/8.
Chicago case grain notes cash wheat Prices for No 2 red 90 to 91 2 cents No 2 har 93 to 96 cents No 1 northern spring 1 07 to 1 10 No 2 northern spring 1 02 to 1 07 No 2 spring 1 00 to 1 05 No 4 spring 0 85 to 0 96 1 2c velvet chaff 2 cents and 1 00 durum 0 88 to 0 98 corn No 2 red 0 64 1 2 to 0 64 3 4 No 2 white and 2 yellow 0 64 32 4 to 0 65 oats No 2 0 48 stan Oa 0 43
Hogs receipts 1750 with market steady to five cents lower. Top hog price $7.85, bulk $7.60 to $7.80. Cattle and calf figures include steers $5.00 to $5.25, fair killers $3.75 to $4.25, stockers $3.65 to $4. Bulls $2.75 to $3, calves $4.25 to $6.25. Sheep receipts 880 head, market steady, Colorado wethers $4.
Receipts at St Louis totals 8000 cattle including 2600 Texans with a steady market. Cattle prices range from 3.00 to 8.15 for native beef steers and 3.00 to 5.50 for calves in carload lots. Hog receipts 7000 with steady market. pigs and lights 5.00 to 7.60, packers 7.60 to 7.75, best-heavy 7.50 to 7.65. Sheep receipts 2000 with steady market. native muttons 3.25 to 3.75, lambs 4.00 to 6.50.
Receipts and prices for cattle hogs and sheep show a market steady to lower. Cattle ranged from Reeves 5.10 to 8.00 and calves up to 8.75. Hogs sold mostly 7.05 to 7.75, with heavy types 6.99 to 7.65. Sheep markets were weak with native lambs 4.00 to 6.60 and western sheep 2.50 to 3.65.
Receipts: cattle 15 000 including 750 southerns with strong tone. native steers 5.25 8.20. southern steers 4.00 5.75. southern cows and heifers 2.75 4.50. native cows and heifers 2.5 5.25. stockers and feeders 3.36. bulls 3.00 4.50. calves 4.25 7.5. western score 4.75 7.60. western cows 2.80 4.75. Hogs receipts 5 000, market steady. bulk 7.20 7.40. heavy 7.15 7.30. packers and butchers 7.15 7.45. lights 7.10 7.40. Sheep receipts 10 000, muttons 3.25 3.75. lambs 5.50 6.75. range wethers and yearlings 3.25 4.25. range ewes 2.80 3.75.
Cash wheat unchanged with No 2 hard 91 and 97 cents and No 2 red 89 and 90 cents. Corn steady with No 2 mixed 61 1/2 and 62 cents, No 2 white 61 1/2 cents. Oats steady with No 2 white 43 1/2 cents and No 2 mixed 41 1/2 and 42 1/20. Futures: wheat September 90 1/2, December 92 5/8, May 98 1/4. Corn September 61 5/8, December 60 3/4 and 7/8, May 64 1/8 and 1/4.
In Austin reports Entomologist Scholl of the agriculture department says ladybugs will be released to combat the cotton cushiony scale devastating south Texas citrus tree orchards. He plans to collect and ship ladybugs to the infested area from Port Arthur to Houston after returning from the affected region.
Opening stock exchange transactions show decisive strength led by Union Pacific with about a 1 percent rise. Reading, Amalgamated Copper, American Smelting and others gain while Canadian Pacific and American Car and Foundry slip. Prices firm midday then rebound, supported by improved labor signals and short covering, as bonds fluctuate and Hill stocks weaken.
Close mercantile paper remains 4. Sterling exchange steady with bankers bills at 4.84 for 60 day bills and 4.86.15 for demand. Commercial bills at 4.83. Bar silver at 52.4. Gold and government bonds show irregular activity with ongoing market volatility.
New York on August 28 reports a soft cotton opening with a decline of 70 14 points. New crop positions fall 20 23 points amid lower cables and rains in the southwest, with pressure from bear selling. August slips to 11.60 after briefly lower, later months ease to lead to new intraday lows.
New York cotton futures traded lighter with January at 11.44 to 11.45 and March 11.56 to 11.57. May 11.66 to 11.67, August 11.60 bid, September 11.47 to 11.48, October 11.41 to 11.42 offered, December 11.50. Futures closed steady.
New Orleans cotton prices opened with declines around 11 to 14 points after a broad drop in the Liverpool market. Weak longs liquidated, weather concerns limited losses, and August led the losses while other months fell 24 to 26 points. The afternoon saw slight stabilization with closes 19 to 28 points down on August and 19 to 20 points on other months.
Futures opened steady with August at 12.40, September 11.52 54, October 11.40 41, December 11.44 asked, January 11.50 asked, March 11.60, May 11.70 72. The data shows a flat to orderly grid across nearby contract months.
Spot cotton in Liverpool closed quiet down 13 points with American middling at 7.50 and good middling 7.16. Total sales 6000 bales with 5100 American. futures opened easy and finished quiet with prices ranging from 6.07 to 6.51 percent in the August to May periods.
Market snapshot shows Liverpool steady with mild activity, New York quiet at 12.7, New Orleans steady around 11.16 and 8,705 units, Houston quiet with 12,003,263 value, and Galveston steady at 3,310 units. Data reflects mixed demand and pricing across major ports.
In Memphis on August 28 spot upland cotton remains unchanged at middling 13 cents, with the market steady and ready for further trading.
Spot cotton closed quiet on August 28 with prices down 49 points. Middling uplands quoted at 12.75 cents and middling gulf at 13 cents. Sales reported at 761 bales. In France birth statistics show 70 percent male child survival now versus 67 percent a few years ago.
The Associated Press reports mixed cotton conditions with Carolina and Georgia improvements due to rain, Alabama and Carolinas showing better yields while Mississippi, Tennessee, Arkansas, and Louisiana face continued heavy rains and boll weevil damage. Oklahoma and Texas see heat setbacks easing with late rains promising better returns. overall movement to market is brisk.
Data shows today and last year figures for cotton and related products across Gulf and southern ports. Totals compiled include Galveston New Orleans Mobile Savannah Wilmington Norfolk and Houston with varying bales and prices listed for prime basis oil meal linters and futures context. A Memphis note adds pricing for prime basis oil meal and linters with specific values.
Futures closed with August at 82 1/4 cents, September 77 1/2, October 78, December 72 1/2, and January 72 3/4 cents. The report covers New York and Havre trading on August 28.
The cotton world buzzes over a forthcoming Agriculture Department August 25 condition report. Local experts expect heavy deterioration, possibly a ten point drop from July, with bearish mood on current crop prospects but bullish on the August 28 figures. Concerns include potential Germany France tensions and renewed Mexican market worries.
The movement of new cotton is watched by both sides as port statistics may influence prices. Bears expect limited market pressure until Galveston commitments fill. A Galveston broker reports September commitments rivaling August. Today US port receipts total 16,916 bales, with Houston at 29,053 and Galveston at 11,940.
A sharp finish in Liverpool sent shock through the American market at the open. The day’s sales reached 6000 bales with 5100 from the United States. The rise in spot English business signals mills moving toward normal operation.
Rumors from the New Orleans exchange claim the National Gunners' Association index rose to 78 after late returns, up from 73.6 cited Saturday, a level traders deem bullish amid the current market.
The Western Union forecast reports Texas as generally cloudy and very warm with heavy rains in the north while Oklahoma remains cool with rain across the state except the extreme north. The outlook hints at cooler East Texas with showers in the west and fair, slightly warmer conditions for Oklahoma.
Harry Selgmann of Seguine Texas, a member of the San Antonio exchange, visited the floor today and expressed pessimism about the August crop deterioration, calling it a serious proposition.
The sugar market opens the week with a bullish tone as local jobbers quote granulated sugar twenty five points above last week. Prices rise to 6.80 per cent, the highest this year in several years, with expectations of further gains as merchants reduce stocks and buy aggressively. The coffee market also climbs, with forecasts of a higher range in 1911-12 and July movement drawing attention due to lower Rio and Santos receipts. Egg and potato markets shift, with cold storage eggs in strong demand and fresh country eggs weak, while potatoes face a price uptick amid abundant California shipments and near-season market pressures.
The week shows fractional declines for fruits and vegetables in California with grapes down a quarter and plums pears lower. Apples in California New Mexico and Colorado fall 25 cents per box. Pie fruit prices rise across varieties, driving demand for mince meat as the primary cheap pie material.
San Antonio produce prices show shipping costs to shippers with commissions. Butter 14 to 15 cents per pound. fresh country eggs 16 to 17 cents. cheese prices firm with varieties from 12 to 24 cents. butter substitutes and imports noted. Poultry values vary from large hens at 4.00 to 6.50 per dozen. turkeys 16 to 18 cents per pound. guineas 3.25 per dozen.
Chicago August 28 market notes show butter and dairy prices steady with creamery ranges 20 to 26 cents per pound and eggs around 17 to 18 cents for firsts. Cheese prices hold, potatoes firm between 1.05 and 1.50 per bushel, poultry steady with turkeys 20 cents, chickens 13 cents, and veal 50 to 60 pound weights about 9 to 10 cents.
Quotations today show butter at 25 cents a quarter, creamery 23 cents firsts, 21?2 cents seconds, packing stock 17 cents. Eggs list extras 21 44 cents, firsts 18 cents, seconds 11 cents.
Market notes from New York indicate varied fruit receipts with 9991 cases reported and prices for fresh gathered fruit ranging from 2.40 to 3.60 per case. Refrigerator fruit quoted at 20 cents per unit.
In St Louis on August 28 the poultry and dairy markets showed modest activity. Chickens sold around 12 1 2 cents for springs, 16 to 17 cents for two size, ducks at 9 1 30, geese at 5 to 6 cents, butter weak with creamery around 19 to 28 6 cents, and eggs steady.
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