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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 07, 1911
Page
7
A light showing at the Union Stock Yards with ten cattle, twelve calves, and fourteen hogs. Cattle market pressed by light demand. cows sold up to 3.65 with common around 3.50. Hogs ranged near 6.00 but some sales as low as 5.76. week overall noted as profitable and market expectations improve next week.
The National Provisioner cites scarce meat supplies and rising demand as shrinking U S exports while Europe turns elsewhere. New Zealand, with 24 million sheep and $20 million in meat exports plus $40 million in wool, leads Australasian supply growth and echoes government subsidies to guard against American packing influence.
Fort Worth market closes with 150 cattle and 550 hogs. Cattle receipts include steers at 3.50 to 4.15 and cows from 2.65 to 3.90 with calves steady at 2 to 4. Hogs rise to top 6.50 with bulk around 5.90 per hundredweight.
AP reports Chicago commodity quotes with cattle receipts about 200 head and weak demand. Hogs receipts near 9000 with a strong market and prices from 6.05 to 6.80 for various weights. Sheep receipts about 1000 with a strong market and mixed ranges for natives and westerns.
Associated Press reports Kansas City receipts for cattle hogs and sheep with steady or slightly higher quotes. Cattle included natives stockers and westerns with prices from 2.60 to 7.10. Hogs seen at 6.25 to 6.50, feeders and butchers 6.30 to 6.55. Sheep steady with muttons 3.25 to 4.25 and lambs 4.75 to 6.10.
In St Louis on October 7 receipts totaled about 800 head for cattle including 100 Texans and 800 sheep. Native beef steers ranged 5.00 to 8.00, cows and heifers 3.75 to 7.25, stockers 3.00 to 5.00, calves mixed values. Packers bids 4.75 to 6.25. Sheep saw muttons 3.25 to 4.00 and lambs around 4.00.
New York on October 7 reports close prime mercantile paper at 43-4. Sterling exchange holds with bankers' bills at 4.83 for 60 day bills and 4.56.20 for demand. Commercial bills 4.82. Bar silver 52 1-2. Mexican dollars 46c. Government bonds easy, railroad bonds steady.
The New York money markets show money on call nominal. Time loans ease with 60 days at 3 1 2 percent and 90 days at 3 percent. Six months yield 4 percent.
Kansas City reports current market prices with butter at creamery 26 and a half cents, firsts 24 and a quarter, seconds 22. packing stock 18. Bees show extras 22, firsts 21, seconds 13 and a half.
Temperature and rainfall data for Houston district stations compiled for the twenty four hours ending at 8 a m reported by the Cotton Bulletin of San Antonio. The bulletin lists readings from various stations within the district.
Ballinger recorded 2.10 inches of rain and Sherman 1.00 inch according to Allen Buell, local forecaster for the Weather Bureau.
In New York on Oct 7, hides dull and petroleum steady. Sugar prices hold firm with Muscovado 89 test at 5.86 cents and centrifugal 96 test at 5.86. molasses sugar 89 test at 5.11. Refined sugar remains steady.
Weather improves in the northwest stabilizes wheat early then slides, December near 98 to 97 a down move. Corn weakens from 64 to 64 with bears favored by a clear sky. Oats drop from 48 to 47. Provisions rise as hogs advance with firmer first sales and steady closes across grains.
Receipts today show wheat at 45 cars including 8 contract grade. Corn 155 cars with 57 contract grade. Oats 228 cars. Total wheat receipts at Minneapolis and Duluth today 86 cars, compared with 832 last week and 689 on the same day last year.
Quotations today show prices for wheat corn and oats in Chicago with various grades. No. 2 red wheat 96% 97 cents, No. 2 hard 1.00 to 1.05, No. 1 northern 1.10 to 1.18, No. 2 northern 1.09 to 1.10, spring 1.03 to 1.10. Velvet and durum values listed. Corn No. 2 71 to 72 cents, No. 2 white 72 cents, No. 2 yellow around 0.75. Oats No. 2 about 45 to 48 cents, standard 47 to 48 cents.
Cash wheat remained strong with No 2 track red at 99 cents to 1.11 and No 2 hard at 1.02 to 1.11. Corn rose with No 2 track 70 cents and No 2 white 71 to 72 cents. Oats advanced with No 2 track 47 to 47.5 cents and No 2 white 48 cents. December wheat at 97 cents, May 1.02 1/4. December corn 62.5, May 64. December oats 47.5, May 50 cents.
New York cotton opened steady with a gain of 6 points as Liverpool cables lifted futures and covering occurred over the weekend. Selling orders trimmed early gains, prices receded 8 to 4 points, then steadied. By late morning market showed 6 to 7 point gains not higher before weakening to a new low and finishing 4.7 points lower on the day.
New York futures opened steady with nearby contracts at about 9.71 to 9.83 as the session progressed, trading mixed for March through December. Evening activity showed prices slipping, with January around 9.62 to 9.76 and November near 9.63 to 9.78, signaling a weak close across disjointed quotes.
The New Orleans cotton market opened steady with an advance around 6.8 points on good cables and weekend activity. By midmorning momentum shifted as shorts and spot selling pressured prices, with profit taking offset by fresh short selling. The market closed barely steady near session lows after late-day activity.
Market opened steady as futures showed varied levels across months. October trades at around 9.80, November near 9.76 to 9.78, December about 9.77 to 9.78, January near 98.88, with other contracts ranging from 9.63 to 11. Prices fluctuated early with slight gains and losses across several months.
Spot cotton moderate with unchanged prices led by American middling fair 6.99 and middling 5.59. Sales day reach 7000 bales with 4300 for speculation, 5600 American. Receipts zero. Futures opened quiet and closed variously from October to July contracts.
Bradstreet reports a softer overall trade tone with buyers covering urgent needs and awaiting stock replenishment. Despite this, staple goods remain in demand while cotton goods slow. Western rail and iron trades show some strength. failures rise modestly in the US and Canada vs prior weeks.
Liverpool reports weekly cotton data showing imports across all kinds at 48 000 bales with American imports at 38 000. Total stock across all kinds stands at 244 000 bales, American stock at 121 000, and American forwarded at 64 000. Total exports reach 4 600 bales.
Prime bean 4.40 42c, meal $25, linters 2 1 2 cents per unit, reported by Associated Press in Memphis Tennessee on October 7.
Spot cotton in New Orleans Apr 7 remained quiet and unchanged with 500 bales sold and 1500 bales on the way. Prices ranged from low ordinary 6 7 16 cents to good middling 10 1 16 cents, with various grades quoted in 8 11 16 to 11 percent nominal ranges.
Market notes show fluctuating cotton seed oil quotations in New York with prices around 5.56 to 5.58 and occasional minor spreads. The report highlights the day's trading activity and marginal shifts without significant new highs or lows.
New Orleans reported market quotes for cotton seed products on October 7. Refined prime oil in barrels sold at 5.75 dollars. meal at 25.80 dollars per long ton with 8 percent ammonia. cake at 28 dollars per long ton with 8 percent ammonia.
Spot cotton in New York on October 7 closes steady with middling uplands at 9.95 and gulf at 10.20. No sales reported.
The report lists cash wheat and corn futures with mixed outcomes. No. 2 red wheat around 1.00 dollars, No. 2 white and mixed tones show slight declines or stability. Oats hold near prior quotes, with No. 2 white around 48 to 48 and a half cents. December corn at 61 to 63 cents, May around 63 to 64 cents, July about 68 cents.
Spot cotton in Memphis and surrounding region held steady with a decline of 1/8 cent, middling price reported at 10 3/8 cents. Trade notes indicate a cautious tone as buyers await futures direction and fiber trading.
Houston October report notes spot cotton trading steady with unchanged middling grades amid quiet market activity and steady demand from buyers and exporters in early session.
Burial permits list Silla Meads 18 died October 5 on Dignowity avenue esus de Hayes 75 died October 6 at city hospital rio Torrés 78 died October 6 Morales street Clarence E Crook 16 died October 4 Kenney sanatorium Jesus Fasci 1 died October 4 No 14 New Mexico alley. Also note four million German women are wage earners as well as housewives and mothers.
In Galveston on October 7 spot cotton traded quietly with middling prices at 9 3/4 cents. Sales reached 200 bales, f o b price about 375.
In St. Louis on October 7 the market shows lead advancing to 4.25 while spelter strengthens at about 5.87 to 4.44 a unit. The report highlights higher lead and firm spelter as trading tone.
A circus drew farmers and locals to town with a large influx of chickens and eggs. Poultry receipts rose while prices fell 25 cents across all grades. Butter and eggs improved as supplies increased after a cooler week, and grape markets showed weakness while citrus producers prepare for harvest.
Green coffees registered another fractional uptick at processing centers. The rise signals ongoing upward pressure in prices, likely pushing roaster and grocer costs higher on upcoming deliveries. George Sgitcovich and company received a carload of bananas.
Butter firm creamery price per pound 26 cents country butter 16 117c Eggs slow fresh country candled storage 16 17c Cheese firm fancy cream 12 percent 20c American Swiss 24c Imported Swiss 31c Limburger 20c Badger State 17%0 Poultry steady large choice hens per dozen 6.00 medium hens 5.50 4.60 large springs per dozen 4.06 4.60 medium springs per dozen 3.25 3.25 small springs per dozen 2.75 guineas per dozen 3.5 ducks per dozen 5.50 6.00 turkey per pound 14 15c
Quotations listed for butter creamery and dairy products with receipts and steady markets. Cheese and eggs described as steady with various grade prices. Potatoes and poultry markets noted as steady with turkey and chicken prices and veal weight bands.
Quotations for poultry and dairy products appeared mixed with chickens at 9 1/2 to 9 3/4 cents, springs licensed at 16 1/2 cents, turkeys 14 to 16 cents, ducks 11 cents, geese 9 cents. Butter firm at 28 1/2 cents, creamery butter 28 cents, eggs steady at 20 cents.
The cotton goods markets show steadier demand with broad buying. Staples and brown cottons are being ordered in large quantities as yarns gain steadier interest and local wood markets display broader activity in recent days.
Wool dull in St. Louis with drum grades mixed. Prices show 20 ight fine 17 190 cents, heavy lic tub washed 21 26 cents.
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