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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 07, 1911
Page
11
Oversupply at local stock pens Union Stock Yards June 7 causes prices to plummet from morning levels. Cows drop to 3.25 3.65 with top 4. Calves mostly 4 5, hogs hold near 6 with limited supply. Market dull afternoon. unsold stock about half the day’s volume.
Forecast issued for San Antonio and vicinity and East Texas. Tonight and Thursday expect fair skies. Regions near the coast may see rain in the Atlantic districts, while the Rocky Mountain area could bring some rain to the extreme northwest. High temperatures anticipated in the southwest.
In the Fort Worth cattle market the day’s receipts hit 3000 head with prices mostly lower. Medium steers sold around 4.00 to 4.25, stockers and feeders 3.75, cows and heifers 4.25, best calves about 6.25 while medium dealers ran 5.66. Hog division offered 1800 head with 6.20 to 6.26 top and bulk 5.90 to 6.25. Sheep and lambs topped at 4.25 per head for yearlings and lambs.
St Louis, June 7. AP reports cattle receipts 6500 including 2400 Texans, market steady with native beef steers 5.00 to 6.40, cows and heifers 3.00 to 6.25, stockers and feeders 3.00 to 5.25, Texas and Oklahoma steers 4.00 to 6.00, calves 4.50. Hogs receipts 11,000, market 5 to 10 cents higher, pigs and lights 6.05 to 6.20, packers 5.60 to 6.00, butchers and best heavy 6.05 to 6.25. Sheep receipts 6000, market steady, native muttons 3.75 to 4.25, lambs 5.00.
Kansas City June 7 cattle receipts total 8900 with markets steady. Native steers 5.25 to 6.36, southern steers 3.25 to 5.70, stockers 4.25 to 5.35, calves 4.00 to 7.75. Hog receipts 18000 with bulk 5.95 to 6.10, packers 6.00 to 6.10. Sheep receipts 10000 with mutton 3.60 to 4.25, lambs 6.00 to 7.10, fed wethers and yearlings 4.75 to 5.00.
Chicago June 7 receipts and quotations show cattle at 17,000 head with steady to higher price levels. Hogs estimated 30,000 with market weak. sheep receipts around 20,000 and steady market. Prices listed for cattle beefs Texas and western steers stockers cows calves and hogs by class. lambs and yearlings priced in range.
METAL MARKET ST. LOUIS MO June 7 The lead market recap today shows lead steady at 4.22 dollars per hundredweight and spelter holding firm at 5.25 dollars.
The Associated Press notes quiet trading in zinc copper tin and iron with London and New York prices. Arrivals to New York reach 125 tons while exports total 4981 tons this month. Local foundry iron prices hover around 15 dollars with various grades listed.
East Texas tomato shipments are starting to move as buyers from across the United States descend on growing districts for contracts. The movement began last Monday and is expected to continue until 2000 carloads are disposed of, marking an estimated 1911 tomato crop in east Texas. The crop is seen as compensating growers for peach revenue losses.
The notice shows dirties and grades for market poultry with prices per dozen for white and brown varieties. It references additional markets on page 13 and labels items such as estate and hennery with scattered price figures in cents.
A dairy and poultry price schedule lists butter per pound at 16¢ country butter 2dc, eggs per dozen 150, cheese items including Fancy cream 18430, fancy brick 20c, American Swiss 24c, import Swiss 31c, Limburger 20c. Poultry prices cover broilers 3.25 to 3.50, fryers 6.00 to 6.50, hens 6.00 to 6.25, guineas per dozen 3.25 to 3.60, ducks per dozen 6 to 7, squabs per dozen 1.25 to 1.60, geese 10.00 to 16.00, and turkeys per pound 16c.
An active selling wave pushed prices down at the open in New York trading. Early declines were small with some recoveries as favorites like Erie and Hill issues firmed, though the mood remained subdued.
A Brownsville farmer notes melons move into the country via the new international bridge from Mexico with no duty on Mexican loaded cars. Yields vary with rains, car average weights around 27 to 45 pounds, good price but rust affects patches. Tomatoes also stay active with Tandy Bros. & Co. earning about $1 per crate. Cabbage shipments lag behind last year with about 525 cars moved versus 670 in 1910.
Quotations today list butter at 28 cents for creamery, eggs with extras at 16 a price, firsts 13 cents, seconds 8 cents. Packing stock 11 5 cents. Firsts and seconds vary for butter and eggs as market moves.
Quotations show poultry with chickens at 10 40, turkeys 12 15c, ducks 9c, geese 8c. Butter dull and creamery butter quoted 17 to 22c. eggs unchanged at 12c.
A New York importer notes the weak week for lemons despite cold weather across the country as sales stumble and high lemon stocks loom. Shippers warn that only guaranteed fruit will ship, with interior dealers cautious. San Antonio market remains firm with good lemons up to 6.50 per box.
Chicago market report shows butter steady with creamery and Daisy brands trading around 17 to 21 cents, eggs steady with firsts at 13 cents, cheese weak with Daisy at about 11 percent, potatoes strong with new at 1.40 to 1.45 dollars, poultry live steady turkey 12 cents, fowls 18 cents, springs 22 to 25 cents, veal steady across weight ranges.
The New York market for limes is absolutely bare with no stock available for immediate shipment. Relief is not expected until the arrival of the next cargo of limes on June 12.
The New Orleans rice market shows rough rice quiet and inactive while parboiled rice remains steady. Receipts include rough 623 sacks and clean 3206 sacks milling 623. sales list rough Honduras 869 sacks at 2.40 to 3.00 per sack, clean Honduras 1911 sacks at 11.25 to 13.75 cents, clean Japan 1389 sacks at 27.16 to 28.13 cents. Quotations mark rough Honduras 1.50 to 3.00, rough Japan nominal, clean Honduras 3.40, clean Japan 2.25 to 2.75.
New York June 7 close mercantile paper at 8 percent. Sterling exchange easy with actual business in bankers bills at 4.84 bacteria. Commercial bills at 4.84 53? Bar silver at 53 . Mexican dollars 45. Government bonds steady, railroad bonds firm.
A major California canner has set fruit prices for the coming year, with figures 25 cents a dozen higher than last year’s opening level. Local jobbers expect to hear from other canners before setting bids. Prices for all canned fruits are likely to rise compared with several previous years.
On June 7 in New York sugar prices show raw sugar firm with Muscovado at 89 test 3.36 cents per pound and 96 test centrifugal at 3.86 cents. Molasses sugar trades at 9 test 3.11 cents. Refined sugar remains quiet and molasses steady.
The New York cotton market opened down about 2.4 points on near months, with later positions 1 to 2 points higher on renewed bull support. Weather maps showed no rain in the south, aiding a rebound as selling declined and covering rose, with old crop remaining quiet and spot at 1595 nominal.
New York futures opened steady on June 7 with January at 13.48 49, March 18.54 55, July 15.91 92, August 15.28 29, September 13.85 86, October 13.63 64, December 13.49 50. Futures closed easy later session.
Cotton futures opened steady to 2 points higher in New Orleans as traders weighed a mixed weather map. Eastern belts showed showers while the West stayed dry, premiums held, shorts covered, and buying rose after hot Oklahoma readings. Prices posted gains early, then drifted, closing active and strong with highs near 12 points above yesterday's close.
New Orleans on June 7 reports cotton futures opening steady with June 15 at 15.56 bid and July at 15.76. Quotes extend through August 14.84 87, September 13.82 asked, October 13.43 44, December 153.38 cet January 13.45 46 and March 13.65 asked.
New York June 7 money on call remains steady at 2 percent with a ruling rate of 2 percent. Time loans show little change with sixty days at 2 1/4 percent, ninety days at 2 percent, and six months at 3 percent.
Nashville June 7 The Southern Poultry and Egg shippers perfected a permanent organization with officers including O P Barry of Alexandria president I Cristol Bowling Green vice president J J Naive Nashville secretary Norman I Taylor Burnside treasurer and S H Ginstead Louisville chairman of the executive committee.
A New York broker notes sugar market watchfulness for raw and refined grades. He says salmon packers are nearly out of stock as the season begins, with jobbers holding small supplies. Salmon prices likely to stay high through the 1912 catch. No new oats in San Antonio yet, with the old crop fetching about 40 to 42 cents per sack bulk.
New York reports export sales to China of about 2000 bales through September. Cotton goods markets stay steady and quiet with yarns in slightly better inquiry. Men's wear lines remain quiet, while English suiting for spring opens at prices similar to last year.
New York market reports coffee futures ending steady with a net advance of 1 to 5 points after sales of 5000 bags. Spot coffee quiet. Rio No. 7 at 126 16c, Santos No. 4 at 13c. mild coffee dull with Cordova at 18 1 1/2c nominal.
Liverpool June 7 close shows small spot business with prices down one point. American middling fair at 8.91, good middling 8.59, middling 8.37, low middling 8.87, good ordinary 7.91, ordinary 7.66. Day’s sales 3000 bales, 2400 American. receipts 40,000 bales including 32,300 American. Futures opened and closed steady with a sequence of contracting quotes for June to March futures.
Middling sales in Liverpool and New Orleans show modest activity while New York remains quiet. Houston holds near steady, Galveston unchanged, with New Orleans at 167 16 and 1,100 units featured.
In Houston on June 7 spot cotton held steady at middling 15 1 2 cents per pound with prices unchanged from prior readings.
The egg market shows a slight improvement after yesterday fall as quotations stay below the 20 cent level. Retail buyers find the price more affordable while wholesale demand remains cautious.
Boston June 7 There was little Wool market activity last week with spring clip buying at permanent prices. Eastern dealers say demand is largely speculative. Quotations include Delaine washed 30c XXX 27 28c, half blood combing 26c, three eighths blood 24 25c, quarter-blood 23 24c, clothing 21c. Delaine unwashed 24c. three quarter blood 23c, quarter-blood 22 23c, Georgia 20 21c. The Cotton Belt railway broke ground for a new passenger station at Comanche.
New York on June 7 reports spot cotton closing quiet with middling uplands at 15.95 and gulf at 16.20, no sales recorded.
New York June 7 eggs remain steady with receipts totaling 22948 sales of fresh gathered produce reported by buyers and sellers in the market.
Wool prices rose in St Louis with medium combing and clothing grades at 21 21.5 cents, light fine 17.5 cents, heavy fine 15.6 cents, and tub washed at 23.3 cents as of June 7.
Leather prices hold steady while wool and rice remain quiet in New York trading. Market observers note no major changes or transactions reported as of June 7.
Spot cot ton finished unchanged in New Orleans with sales around 60 and receipts 718. Prices ranged from low ordinary up to good middling with multiple fractional quotes. Stock stood at 76,513. Longview plans a $50,000 hotel under a new local stock company led by J. J. Hudson.
The weather map shows fair conditions in Texas and Oklahoma with high temperatures and no rain. The market foresees a big advance to offset crop damage while reports note the boll weevil in Clark county Alabama and predictions of rain needed for moisture and growth.
Cotton stocks reported for yesterday show 297 450 bales, down from 337 385 last week and 419 980 a year ago. The deficit this season appears as 506 122 530? The numbers indicate a drop in stock levels at St. Louis, Missouri, with 10 827 cited in the data.
June trade data shows fluctuating cottonseed oil quotes with open and close figures for multiple months. Prices edge around $6.60 to $6.70 per hundredweight, with near term and distant months listed, reflecting a volatile futures session.
The Associated Press reports Liverpool weekly cotton figures. Imports total 52 000 bales with American imports at 37 000 bales. Stock levels reach 795 000 bales overall and 664 000 bales American. American forwardings total 3 000 bales. Total exports amount to 4 000 bales.
A train of forty five cattle cars from the Corralitos ranch in Chihuahua was imported through the port of Juarez on Monday. The cattle, bought by A N Wilson, go to his pasture near Bovina Texas. J W Magoffin also imported 400 head from Chihuahua received at Fort Hancock.
Chicago reports a downward tilt in grain prices led by corn and wheat weakness. July wheat opened down and slid to 91 1/4 cents amid heavy selling while oats and corn followed the general bearish tone. Hog prices fell on weaker demand for pork lard and ribs.
Chicago June 7 Receipts and shipments today were as follows. Corn soybeans oats and other grains moved through Chicago elevators with totals listed for arrivals and departures plus any stock at interior points and barge or rail transfers.
Chicago market bulletins show today wheat receipts at 47 cars with 16 contract grade, corn 667 cars with 347 contract grade, and oats 436 cars. Total wheat receipts for Chicago Minneapolis and Duluth amounted to a certain number of cars, versus 808 cars yesterday and 166 cars on the same day last year.
Wheat mixed as reports show No 2 track red at 90 to 92 cents, No 2 hard around 1 98. Corn and oats also firm with No 2 track 54 cents, No 2 white 55. Wheat July 875, September 88 cents. corn July 54 1 2 cents, September 55 cents. oats July 37 1/2 cents, September.
Quota Cash wheat held steady with No 2 hard at 89 94 cents and No 2 red at 88 89 cents. Corn prices slipped with No 2 mixed and No 2 white around 54 cents. Oats unchanged with No 2 white near 36 38 cents. July wheat 83 84 cents and September 83 84 cents sellers. July corn 54 cents and September 55 40 cents sellers.
Cash wheat and corn prices listed by the Associated Press show No. 2 red wheat at 93 cents and No. 2 hard at $2.00 to $2. Puppies.
A report from C. P. Diaz claims Andres Garza Galan former jefe politico in Mexico and ally of Diaz until the regime fell is believed to be in San Antonio though not yet located. Also said a brother of the former official was arrested at PR Diaz and sent to Mexico City on charges related to conspiracies linked to Madero.
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