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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Nov 10, 1911
Page
17
Early in the week buyers feared steady prices but a ten cent drop per hundredweight shifted sentiment. Retailers and wholesalers anticipate a lower market before week’s end as candy makers increase orders and capacity. Nut prices stay high while cotton seed and corn products rise, signaling a broad swing in sweeteners and related goods for Christmas production.
Market notes show rice to shipper with reduced commission and steady to retailers. Creamery items priced per pound with butter at 16 17 cents and Fancy cream 12 13 cents. Cheese offers include American Swiss 24 cents and Limburger 20 cents. Poultry values offer large hens 6 dollars per head, medium hens 4 dollars per dozen, various spring prices, and assorted birds like guineas and squabs with per dozen or per pound rates.
Raw sugar prices listed in New York trading with muscovado 89 test at 4.62 cents per pound and centrif. 5.12 cents per pound. Molasses sugar 89? and refined products show steady movement. Central America trade remains firm.
Eggs steady across markets with 7 894 cases reported by the Associated Press. Fresh gathered eggs range from 39 to 40 cents for various grades and regions including western and nearby states. prices for extra firsts and firsts vary around 34 to 36 cents.
Associated Press reports steady butter creamery prices at 24 1/2 to 28 cents and cheese firm with various grades. Receipts 3378 cases, eggs steady with prime firsts at 25 to 26 cents. Dairies and produce show mixed movements with potatoes strong and turkeys and chickens listed.
Quotations listed for November 10 show creamery prices at 3 1/2 to 3 3/4 cents for various grades with extras at 4 and 5 cents. Packing stock trades noted around 20 cents.
Louis market notes quiet with poultry steady. Chickens 8c, spring turkeys 14c, ducks 12c, geese 8c to 12c. capsenery price range 24 26c.
Quotations shown include wheat futures and grades with No 2 red at 96 96 c, No 99 c at 1.07, track at 72 1B c, No 2 at 72 c. December wheat at 04 c, May at m. December soybeans 63 63 c, May 63 64 c. Corn and other grades listed with mixed prices and terms.
At Union Stock Yards on November 10 the market showed steady demand after a holiday. Receipts totaled 470 head including 268 cattle 128 calves 28 horses and 45 hogs with cattle mostly resuming after feed bills from Alpine direct to Fort Worth. Cows topped at 3.60 while calves reached 3.75 hogs held to 6.25 with most between 6.70 and 6.00. No sheep or goats were offered.
In New Mexico, R N Garza of Belen notes an excellent summer for range boosting the sheep industry. Lambs top $2 per head as prices look higher. wool markets expected to improve next shearing season. Grass growth across range areas has supported a strong lamb crop while the sheep business remains profitable. Albert Hackney of Gu- (text cuts off)
From Fort Worth Texas on November 10 the Associated Press reports cattle receipts at 2000 head with steers and cows mostly higher buyers steady feeders and bulls. Hogs receipts 1650 head up with a top of 6.60 and bulk 4.85 to 6.40. Sheep stockers trade around 12.25.
Chicago markets report cattle receipts about 15 000 with slow steady trade and prices ranging from Reeves 4 65 to calves 5 50 8 50 hogs receipts 17 000 with prices from light 5 70 to good to choice heavy 6 10 6 55 and pigs 3 75 5 35 sheep receipts 8 000 with steady trade and prices from native 2 50 3 80 to western lambs 3 75 6 80
Kansas City market news lists cattle receipts 1500 with steady tone across categories including native steers $5.50 to $9.00 and bulls $3.25 to $4.75. Hog receipts 8000 show higher by nine to five cents with bulk $5.76 to $6.35 and packers $6.20 to $6.40. Sheep receipts 2000 report range for lambs $4.26 to $5.75 and ewes $2.00 to $3.75.
Receipts reach 1600 cattle including 300 Texans with a strong market. Hogs tally 4000 with higher prices, while sheep receipts total 1500 and stay steady. Texans and Oklahoma steers quoted at 4.00 to 6.75, hogs at 4.50 to 6.50, muttons 3.10 to 3.50, lambs about 4.00. Texan visitor notes rain hinders feeder cattle hunts and praises Gillette ranges amid good fair stock exhibits.
W O Nickles of Kenedy Texas visits the city with wife to attend the fair. He praises recent rains that improve the cattle range, noting limited feeding near Kenedy but extensive feeding further west. He warns rains will boost pasture growth and may end some feeding operations as conditions improve.
Readable lines show Smokeless powder shells priced at 60 cents per box from Othernick's Rogers' Sporting Goods Co. Likely a storefront notice or ad listing ammunition in stock with prices.
Chicago markets show wheat near ten year highs for supply with traders turning bearish amid no investment demand. December wheat opens at 93% to 94 cents and dips to 93% amid weak tone. corn falls to about 62% with oats softer. Hog prices rise, pork futures at 16.45, lard around 9.52 to 9.65, ribs near 8.50. Export clearances and cash sales spark a late rally. December wheat closes near 94 cents, little changed from night.
Chicago market notes show today 58 wheat cars including 13 contract grade, 211 corn cars with 21 contract grade, and 99 oat cars. Total receipts across Chicago Minneapolis and Duluth reached 636 cars, compared with 688 last week and 864 on the same day last year.
Chicago market notes list commodity bids for cash wheat oats and corn across grades. Prices show No 2 red hard northern and spring durum ranges and corn oats values with No 2 and white varieties. The brief commodity snapshot reflects daily grain pricing in the Chicago market.
Quotations show cash wheat at 1.04 for No 1 contract and 97c for No 2 red. Corn ranges No 2 mixed 78c and No 2 white 73 to 74c. Oats No 2 white 48 to 49c and No 2 mixed 47 to 48c. December wheat 97c, May 1.00, July 92c. December corn 62 to 63c, May 63c, July 63%c.
New York report notes United States Steel Corporation showing unfilled orders on its books totaling 3,694,328 tons as of the period observed. The figure highlights demand but lacks further context on months or remaining production plans.
Spot cotton in Memphis on November 10 held steady with Middling 9.5 cents. Traders noted stable prices across grades as weathering demand remained subdued and futures showed little movement.
New York opened steady with a 6 to 11 point advance as Liverpool gains and South reports buoyed buying. Demand remained strong but offerings were heavy. late in the session New Orleans and other spots softened and the market slipped from intraday highs, ending near yesterday’s close after a volatile day of buying and selling.
The Associated Press reports cotton futures opened steady with multiple months listed from November through December trading around 9.14 to 9.41 cents per pound. The close echoed the steady tone with similar ranges, showing modest activity across the curve.
The New Orleans cotton market opened barely steady with gains of 7 to 12 points as continent buying boosted Liverpool futures. Bears pushed shorts to cover, lifting prices early, then profit-taking pared advances. By noon levels remained above yesterday, ending with a slight overall decline.
On November 10 in New Orleans the cotton futures market opened barely steady with bids and nearby contracts showing limited movement. November 9.26 bid. December and March around 9.33 to 9.34. January at 9.24. May 9.45. July 9.64.
Liverpool market reports closing cotton spot prices up twelve points with American middling fair at 5.77 and sales totaling 10 000 bales including 1500 for speculation and export. Receipts 18 400 all American. Futures opened and closed steady with varying December to October contracts.
Middling sales in Liverpool with firm tone. New York Gulls rise by 0.09.4 as 10,000 units traded. New Orleans steady at os 6 percent with 300 lots. Houston steady at 9 percent with 716 units. Galveston quiet at 99-16 with 285 lots.
Spot cotton closed steady in New Orleans with 300 bales traded and 2,400 arriving. Quotations ranged from low ordinary 51-? to good middling 99-16, stock reported at 141,423 and exports at 10,548.
Spot cotton closed dull with middling uplands at 9.45 cents and gulf at 9.70. No sales were reported.
Fragmentary OCR text shows a mention of a Texas sale with numbers 99-16 285 and terms f o b 1195. Details are unreadable but indicate an isolated commerce note or shipment term without clear participants or dates.
Spot cotton prices in Houston on November 10 show middling at 9 3/4 cents, up 4 cents on the day with other grades slightly higher. Market activity and futures sentiment described as steady to firm in a muted trading session.
An 1911 crop report shows overall production down about 7.9 percent from 1910 and below the five year average, yet farmers gain from higher prices for staples like corn, wheat, oats, and hay. Flaxseed is the only grain up from last year, with many fruits and crops listed by percentage of average yield.
Commercial bar silver closed at 56 1 2 cents per ounce in New York yesterday, up 1 2 cent from the day before. The advance reflects tight spot supply as London faces depleted stock from heavy shipments to China amid the revolution.
Returns from Texas public ginners for the month ending October 31, 1911, show a total of 940,484 running bales of cotton ginned by Texas ginners during the period.
Prices listed for prime oil seed products in Memphis on November 10 show prime oil at 4.60 cents per unit, meal at 24.75 to 25.00, and linters at 2.38. The report reflects commodity pricing on that business day.
New York November price quotes for cotton seed oil show spot at 5.80 to 5.90. Futures for November 5.75 5.77, December 6.65 5.67, January 5.66 5.67, February 6.67 5.70, March 5.72 6.73, April 5.72 6.80, May 5.80 5.82. Sales between third and fourth calls total 11 700. includes 100 November, 400 December, 100 January, 100 January, 100 January, 100 January, 300 March, 400 March.
The New Orleans rice market was active with quotes for Clean Honduras 3% 5%e and Japan 2 3%e. Sales included Rough Honduras 1300 at 3.00, Japan 1700 at 3.00, and clean Honduras at 4% 2%e with numerous receipts and millers reported.
The Associated Press reports New York markets remain quiet for cotton goods. Serges in dress goods are actively call, while a few large contracts for cotton yarns have been placed for deliveries into next year.
ST. LOUIS reports stable wool values with unchanged overall tone. Medium combing and clothing grades quoted around 204 to 2er weight, fine varieties at 13 to 16 cents, tub washed at 26 to 38 cents.
The commerce court postpones freight rate reductions boosting railroad stocks. Union Pacific traded around 8000 shares, St. Paul rose 2, Chicago Great Western preferred up 21, Northern Pacific up 1, Great Northern preferred 1, and Southern Pacific and Pennsylvania up about a point amid a broad rally. United States Steel and Lehigh Valley led gains while some issues cooled with profit taking and irregular bond moves. Market closed irregular after late buying and spikes in Lehigh Valley amid unconfirmed dividend rumors.
Close mercantile paper at 4 percent. Sterling exchange firm at 4.83 75 for 60 days and 4.87 for demand. Commercial bills 4.83. Bar silver 56 1/2 cents. Mexican dollars 46 1/2 cents. Government bonds steady, railroad bonds strong. Money on call at 3 percent, time loans 3 1/4 percent for 90 days, 3 percent for six months.
The American Cotton Oil company board declares a semi annual dividend on common stock and notes preferred stock dividends. The statement cites adding a new base dividend in addition to the 2 percent already paid this year.
In a thin session, prices for spelter show limited movement with some firmness in late trade. Market participants cite steady demand from nearby consumers and mild supply constraints, keeping values buoyant despite a subdued overall market mood.
The Associated Press reports on the copper spot price at five cents per pound with copper at thirty four pounds per pence and notes dull activity in lead and spelter markets.
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