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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 31, 1911
Page
11
Cattle market at Union Stock Yards opens with liberal consignments though shipping is light. Over 800 head driven in, cows $3 to $3.50, best lightweights $4.50, feeders as low as $2.50, calves in light supply, hog offerings meager, best corn feds $6.50. market initially brisk but uncertain in direction.
Illustration of today’s weather notes a forecast issued at 7 a.m. for San Antonio and vicinity. Tonight and Tuesday expected to be fair with warm conditions in the southwest and northern Rocky Mountain districts. Storm center noted over Minnesota with unsettled conditions in northern districts. Alabama Tennessee and South Dakota rail conditions referenced.
Wool Growers' Central Storage cashier W B Sayers estimates the fall wool clip for San Angelo at 1,000,000 pounds, lifting total yearly production to about 4,000,000 pounds. He says quality will be superior due to favorable 1911 conditions, with prices tied to the wool tariff bill's fate in Congress. Local cattlemen note market, corn crop, and rains influence prices. several stockmen and buyers from nearby towns are active today amid limited supply and improving market conditions.
The Associated Press reports a surprising wheat yield estimate of 47 million bushels, far below prior forecasts, boosting wheat values while overall crop news remains bearish from the northwest, Russia, and India. Corn and oats trade weak to firm as light offerings and wheat strength influence market directions. hog costs push up provisions with early sales higher and January pork futures around $8.57.
Grain quotations from Chicago mark pork and rib futures with figures for Sept July and Jan contracts. Prices show day values and percent changes across pork drd short ribs and related futures.
Chicago July 31 report shows today’s receipts and shipments across markets. Details include volumes across commodities and transport flow, with notes on distribution to local and regional buyers. The data reflects a busy trading day in wholesale channels.
Car lot receipts for today report 472 wheat cars with 370 contract grade 48 corn cars with 28 contract grade and 260 oats cars. Total receipts of wheat across Chicago Minneapolis and Duluth reach 734 today versus 769 last week and 791 on the same day last year.
Cash wheat rose with No 2 red track at 86 to 86 1/2 cents and No 2 hard at 89 to 96 cents. Corn slipped with No 2 track 64 to 65 cents and No 2 white 67 cents. Oats fell with No 2 track 38 1/2 cents and No 2 white about 39 1/2 cents.
The Associated Press reports Kansas City prices for cash wheat and corn with bid quotes for September December and May futures. Wheat No 2 hard 86 91 2 percent, No 2 red 84 1 WCorn No 2 mixed 62 14 percent No 2 white 62 percent Oats steady No 2 white 39 40 percent No 2 mixed 38 percent
Fort Worth Texas July 31 cattle receipts 8000 the heaviest run of the year with beef steers 4.15 to 5.26 per cwt cake fed steers 5.26 medium weight killing steers 4.15 to 4.75 stockers and feeders 10 to 15 cents off butcher cows 3.65 to 3.90 canners and cutters 3.00 veal calves 5.00 to 5.35 Hog receipts 1750 market strong bulk of sales 7.00 to 7.35 Sheep receipts 1550 south Texas shipments 3.85 to 4.15 market strong.
Cattle receipts about 26 000 with steady mood Texas steers westerns and stockers in range Calves and cows and heifers quoted from 2 10 to 7 75 Beef prices per head and cut by category Hog totals around 358 000 with varied weights and prices from 6 50 to 7 50 Pigs and heavy hogs show strong end prices Sheep receipts near 26 000 with weak tone Native and western sheep yearlings and lambs priced across the board
Catfish receipts 7500 including 2800 Texans, market steady. Native beef steers 4.50 to 6.80, cows and heifers 3.00 to 6.65, stockers and feeders 3.00 to 4.75, Texas and Indian steers 4.00 to 6.25, calves in car lots 4.00 to 5. Hagarian 7000 market 5 to 10 cents higher. Pigs and lights 4.75 to 7.00, packers 7.30 to 7.40, butchers 7.20 to 7.40. Sheep receipts 3800, muttons 3.50 to 4.00, lambs 4.00 to 7.00.
Brigadier General Ralph W. Hoyt will take over command of the 10th Brigade at the Texas maneuver area when Major General William H. Carter is relieved August 15. Carter will move to Washington as assistant chief of staff, succeeding Arthur Murray who becomes head of the Department of the West in San Francisco. The reduction in Texas troop levels ends plans to rotate major generals through the area, leaving only one brigade in place.
A meeting of the three carpenters unions will be held Tuesday night in the Eagles hall to hear their international president Mr Huber deliver an address. U S Berry district organizer will also attend and has invited all union and non union carpenters to join.
William Baack of the Aransas Pass bridge gang was rushed to Santa Rosa hospital Saturday night after an adze slipped and cut his right foot. He walked today and expects to resume duties in a few days.
The New York stock market opened with gains across most issues led by Atchison Union Pacific Northern Pacific Amalgamated Copper and Pacific Mail. Bethlehem Steel and Canadian Pacific rose while American Steel and related issues boosted sentiment on rumors of dividend resumption. Trading cooled late with higher prices overall and the market closing steady amid light activity.
Money on call held steady in New York trading on July 31 with ruling and closing bid 28-8, offered 2 1-2. Time loans firmed with sixty days at 2 5-8 to 3-4, ninety days at 31-4e, and six months at 23-4 and 7-8.
New York opened easy with declines across most months, setting new season low records as southern selling rose amid stronger New Orleans and Liverpool movement. Prices fluctuated with brief rallies in December and August while July activity cooled. spot prices remained quiet at middling uplands.
In New York on July 31 cotton futures opened easy with bids and offers across the first six months. January at 10.80, March 10.86, May 10.91 offered, July 13.00 bid, August 12.55 offered, September 12.09 bid, October 10.82, November-December 10.85.
New Orleans July 31 cotton futures opened steady down 10 to 12 points in a lighter Liver pool market. Short selling was general early, with support from those who took profits last week. Bearish sentiment rose after Louisiana's first bale arrived from Rayne weighing 670 pounds and arriving nine days early.
July figures show close at 32 points lower with American middling fair at 7.074 pence per pound and sales totaling 6000 bales of which 5500 were American. Receipts 200 bales all American. futures opened easy and closed unsettled with several monthly spreads quoted from August to May.
Chicago on July 31 reported cash grain prices with wheat grades No 2 red new at 87 88 1 4 and No 2 hard new at 89 91. No 1 northern around 1.02 1.07 1 2 with new 97 1.03 and other northern readings. No 2 spring new 92 1 98. Corn No 2 6 3 4 No 2 white 66 1 2 No 2 yellow 63 1 4 and 1 2. Oats No 2 new 37 1 2 No 2 white 89 and 40 Do new 38 and 39 No 3 white 36 1 39 standard 39 1 2 Do new 38 and 39.
William Appmann a druggist returns from a family outing below New Braunfels on the Guadalupe River reporting very poor fishing. He says he is always willing to tell the truth about such trips and notes the party had little fish. Alice shipments: Six cars to Fort Worth.
Census data show land in farms more than doubles in value from 1900 to 1910 rising to 28.38 billion and total farm property reaching 36.86 billion. Number of farms grows to 6.34 million, acres expand, and per acre value rises from 15.60 to 32.50, with farm buildings and machinery also increasing substantially.
The market showed improvement with buyers stepping in as professionals judged the decline had limits. Anticipation of a bear report on Wednesday kept gains modest, but demand appeared stronger. A wet spell in the central and eastern belt fueled bullish sentiment and brokers pushed prices to 14.50 points over Saturday’s close, though few sellers acted.
A local spot broker says the forthcoming bureau report is the focus of the cotton world, but he believes the market is already deeply bearish and unlikely to fear a bearish release. He notes even veteran bulls have turned short, with only satisfied bears remaining hopeful.
Overnight conditions described as ideal with general cloudiness across most areas. Light showers reported in Whitesboro and along the Katy from Dallas to Gainesville. Oklahoma map shows warm but unsettled outlook with threat of more rain.
Market bulletin notes middling activity in leding spot markets with mixed results. Liverpool and Gull report sales around 6 470 and 6 000 while New York New Orleans and Houston show quieter conditions. Galveston price quote appears around 12.4 and 11 24 depending on grade.
New Orleans reports cotton on the spot quiet and 1 to 8 cents lower with 21 bales sold on the spot and none arriving. Prices range from 8 15 16 to 14 1 8 cents across low ordinary to fair, with receipts 409 and stock 24 929.
Spot cotton in Galveston on July 31 was quiet and four points lower at middling 12 3/4 cents. Sales totaled 95 bales with fairo baseline prices around 12.00 cents.
Cotton spot markets in New York closed quiet with a 75 point drop. Middling uplands priced at 12.50 and middling gulf at 12.75, with sales totaling 93 800 bales.
Memphis July 31 The cotton market remained steady with spots unchanged and middling prices reported as cotton trade proceeds in a calm session.
Cotton seed products reported with primes at 4.26 to 4.27 dollars, meal at 26.50 dollars, and linters at 3 1/2 to 4 1/2 percent in Memphis markets on July 31.
Eighteen cars are shipped from La Beeville with eleven destined for Fort Worth and the remaining seven for local deliveries. The range is reported as good.
The market notes higher prices for rice and other staples, with rice up on better and medium grades and the lowest grades, amid widespread advances in sugar tea coffee oats meat and more. San Antonio's trade stays active in country buying patterns as cotton crop prospects influence local demand. The sardine and sweet potato markets show tight supply and price volatility, while California fruit faces high prices and a cautious swing in the coming weeks.
Farmers weigh the forage proposition as seed houses report scarcity of seeds this year. They plan to plant early maturing corn and forage crops, but limited supplies force buyers to accept substitutions from dealers.
Price to shipperless commission and to retailer for Butter Creamery and other dairy items listed. Eggs fresh country candled at 14 15k. Cheese varieties including Fancy cream 18 4c, brick 20c, American Swiss 24c, imported Swiss 31c, Limburger 20c, Badger State 19c. Poultry prices for hens, springs, guineas, ducks, squabs, and turkeys per dozen or per pound with quoted ranges.
Produce quotations list butter creameries 20 26 cents, dairies 18 22 cents, eggs at 13 cents mark, firsts 15 cents, prime firsts 1 1 cents, cheese various weights 11 to 18 cents, potatoes $1.40 per bushel, poultry birds 12 to 12 4 cents, veal per pound 8 to 10 cents across weight ranges.
ST LOUIS PRODUCE reports July 31 poultry steady with springs 13c turkeys 13c ducks 10 to 9 cap geese 5c. Butter steady creamery 21 25%0. Eggs firm lc.
New York July 31 market notes show eggs and extras mixed quality. Receipts total 11 787 cases with fresh gathered varieties selling 22 to 24 cents and checks at 10 to 11 cents. Refrigerator firsts bring 5 to 9 cents with storage charges paid at 21 cents.
Kansas City market report shows butters creamery at 24 cents firsts 22 cents seconds 20 cents packing stock 18 cents. Eggs quoted with extras 1913 cents firsts tied 84 cents seconds.
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