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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 24, 1911
Page
27
The Associated Press reports a five cent per hundred pounds drop in all refined sugar grades on the New York market effective immediately. Local jobbers see the decline as portending further price decreases and improved consumer demand amid ten pounds for a dollar, with Texas markets also easing.
Butter and creamery products hold near current levels with per pound rates ranging from 18c to 22c. Cheese remains firm with various varieties quoted from 12c to 24c. Poultry prices stay steady, listing hens, springs, guineas, ducks, squabs, and turkeys with per dozen or per pound figures as shown.
Butter firm and creamery quotes steady with creamery ranges 22 to 29%4¢. Eggs steady with receipts of 4536 cases. Cheese prices steady for several varieties. Potatoes strong with choice to fancy quoted at 60 to 66 2 3c. Poultry steady with turkeys and chickens at floor prices. Veal steady across weight classes with 50 to 110 pound ranges quoted.
Eggs show firmer tone in New York on October 24 amid 12,025 cases received. Fresh gathered dirties No 1 sell at 17 to 18 cents per dozen and No 2 at 16 to 11 cents, reflecting market activity.
Quotations listed by the Associated Press for Kansas City on October 24 show butter creamery at 28 cents, firsts 26 and a half, seconds 24 and four tenths, packing stock 19 cents. Eyes extras 24, firsts 22 and four tenths, seconds 11 and four tenths.
Over a thousand head of live stock were received at Union Stock Yards on October 24 with 746 cattle 45 calves 77 horses 94 hogs 10 sheep and 104 goats. The market opened steady with solid bids for butcher and packer cattle. cows topped at 3.50 dollars with most between 3.25 and 3.50. Calves reached 4. Hogs topped at 6.50 with some fancy porkers at 6.75. Sheep were slow while goats sold from 2.65 to 2.75.
Stockyards talk from Nixon Texas features Frem Weinert selling a healthy carload of cattle and planning to take back heavy mules after market gains. Judge Sam H Cowan of the Texas Cattle Raisers Association returns from Washington where he helped suspend an advance on cattle freight rates. Western hog receipts surged last week to 453 900 head, up from a year ago and the prior week, signaling strong market activity.
Mayor Bryan Callaghan testified in the Fifty-seventh district court in the case Crowell v city of San Antonio. The suit claims a January 9 1909 manhole cover on Sharer street near Willow street caused a buggy accident that killed the mother of the plaintiff and seeks 25000 dollars. He said he did not recall receiving such a notice about the high cover.
Captured by Deputy Sheriff William Knelly and arrested by Deputy Sheriff Alfonso Newtor the man is charged in the justice court with entering the Presnall hotel and stealing several articles. An old county court charge is also pending.
Fort Worth cattle shown 6000 head, slow and demoralized across divisions. Beep steers fractionally lower, cows 3 to 3.50, stockers steady to 4.60, calves steady to 5.60, hogs weak with tops around 6.40 and bulk 6.20 to 6.50. sheep market nominal with 150 head offered.
Chicago market report shows cattle receipts around 10 000 with weak to shade lower prices. Hogs receipts near 25 000 with slow to five cents lower prices. Sheep receipts about 50 000 with market steady to ten cents higher.
Receipts total about 6000 cattle with 2900 Texans, market steady. Native steers 5.00 to 6.50, cows 3.00 to 7.50, calves 4.00 to 7.00. Hogs receipts 15000, market 5 to 10 cents lower, pigs 4.50 to 9.26, heavy 6.05 to 6.40. Sheep receipts 3500, market strong, native muttons 3.25 to 3.90, lambs 1.00 to 6.90.
Cattle receipts 20,000 with 2000 southerns and overall market steady to weak. Native steers 5.50 to 8.40, southern steers 3.86 to 5.29, cows and heifers 2.75 to 6.75, stockers 3.85 to 5.90, bulls 3.25 to 4.25, calves 4.00 to 7.50. Hogs receipts 18,000 with 5 to 10 cents lower. prices 4.25 to 6.45. Sheep receipts 25,000. market steady with muttons 3.00 to 3.75, lambs 4.40 to 5.90, wethers 3.00 to 4.50, ewes 2.25 to 3.75.
Reading and International Harvester advanced on the opening, while Union Pacific and Western Union fell. The market was unusually light with dull trading, though Rock Island gained on a favorable annual report and Norfolk and Western rose on dividend rumors. Bonds remained steady as prices held near yesterday’s close.
Money on call remained steady with the ruling rate 2 1/2 percent. Closing bids stood at 2 1/2 percent, offered at 2 1/4? Time loans also steady with 60 days yielding 3 1/4, 90 days 3 percent, six months 3 1/4.
In New York on Oct 24 close prime mercantile paper stands at 4 1/2 to 4 3/4 percent. Sterling bills show 4.83.70 for sixty day bills and 4.86.90 for demand. Commercial bills at 4.83. Bar silver at 54 1/2. Mexican dollars at 46 held steady. Railroad bonds also steady.
New York and other spots fall with the market down 7 to 11 points on open and 5 to 7 points under yesterday's close as traders weigh lower Liver pool cables and a bearish ginning forecast. Spot middling uplands at 9.45 cents nominal. census figures seen around 7,750,000 bales by Oct 18, volatile trading through the day.
New York reports cotton futures opening softer with January at 8.97 and December at 9.14 while other months show bids around 3.92 to 9.34. Market activity centers on early price discovery as traders gauge demand.
New Orleans October 24 Cotton futures opened steady down 5 to 9 points on poor cables amid clear dry weather and frost in the north Cotton belt. The market showed little buying as cold weather seemed not to damage cotton and forecasts of fair warm western belt increased short selling. By midmorning prices were 7 to 9 points under yesterday's close and the session closed 8 to 12 points lower.
Futures quotes show a steady bid pattern from October 9.31 through May 9.46 with notable levels in November 9.06 07 and December 9.03. January 9.03 and March 9.18 19 mark the trading range as investors await clearer guidance.
Close: spot prices down 17 points with American middling fair at 5.59 and good middling 5.31. Sales 8000 bales, 500 speculation/export, 6900 American. Receipts 66,000 bales. Futures opened easy, closed quiet and steady with various forward contracts listed from Oct to Oct-Nov.
Spot cotton closed hull ten points lower in New York on October 24. Middling uplands listed at 9.85 and middling gulf at 9.60. No sales reported.
Prime basis oil quoted around 4.56 to 4.57, meal at 24.25 dollars per 50 pounds, linters about 24% to 3% cents. Market listings reflect a snapshot of Memphis prices as of October 24.
Associated Press notes mixed cottonseed oil quotes with values for October November and January contracts. Market figures include bids around 6.02 to 6.31 and nearby bands near 5.57 to 5.70, reflecting slight fluctuations in early trading.
Market notes indicate mixed activity with Liverpool easing to 5.178 million, New York dull at 9.36, New Orleans steady 0.997-16, 116, Houston steady 95-16, 150, and Galveston quiet at 4, 9 percent.
Spot cotton in Memphis on October 24 held steady with a slight decline of one half cent for middling quality, trading around nine and one half cents.
Spot cotton in Houston on October 24 held steady with a decline of 3 16 cents for middling grade at six and one half cents per pound. The report notes a small drop in price across middling stock as traders assess supply levels.
At an informal hearing before Probate Judge Phil Shook, Mrs. Ella D. Journeay stated without being sworn that, to her knowledge, no other will exists besides the one leaving the entire estate to her and her son.
Galveston Texas October 24 Associated Press reports that receipts since September 1 topped one million with 39 976 bales arriving today totaling 1 015 510 for the season. Last year on this date receipts reached 1 038 035 bales, a difference explained by lower prices and slower movement of cotton.
AP reports no change in tone at the New Orleans rice market on October 24. Receipts totaled 15,181 rough, 7,672 millers, 4,635 clean. Sales included 1,850 rough Honduras and 294 rough Japan at 3.15, 6,694 clean Honduras at 2.4. Quotations list clean Honduras at 3.54 and Japan at 2.3.
New York reports steady adjustment in cotton goods markets to a lower cotton basis. Orders grow for prints, brown cottons, ducks and cotton yarns with stronger spot business in dress goods. Spring crash prices have fallen about ten percent from current levels.
New York commodities show Leather steady Wool quiet with rice firm. Raw sugar quoted nominal. Muscovado 89 test at 5.81 cents, centrifugal 96 test at 5.80 cents, molasses sugar 89 test at 5.0 cents. Refined sugar steady with little movement.
New York report shows coffee futures ending steady with a fractional range around unchanged. Trading volume reached 180,250 bags with Rio No 7 at 15 percent and Santos No 4 at 16 1/2 cents, while Cordova 17 19 cents remained nominal and dull overall.
Wool prices quoted in St. Louis show slow demand with mid grades at 17 to 20 cents, combing and clothing 17 to 20 cents, light fine 16 to 18 cents, heavy fine 13 to 15 cents, and tub washed 20 to 26 cents.
With ten days left before the fair opening the city has not bought oil for oiling Roosevelt avenue and Garden street to the exposition grounds. Alderman Mauermann says bids exist but no contract awarded. Petitions from the Fair Association and property owners urged oiling South Presa street and other corridors. $10,000 was appropriated to repair oil and roll the roads and a street crew is preparing the routes for oiling.
W. H. Ford a businessman from Oakville is listed among the arrivals at the Maverick bringing local prominence to the event and highlighting regional participation.
Big cast wheat sales revive speculative demand as Russia crop shortage grows by 40 percent, signaling a 310 million bushel decline week over week. Prices move with mixed openings for wheat corn and oats, while hog run pressures push provisions lower and pork lard and ribs quote varied. December wheat settles near 1015, corn around 66, with oats following corn’s trend.
AP reports Chicago receipts totaling 83 cars of wheat including 20 contract grade, 281 cars of corn with 110 contract grade, and 204 cars of oats. Totals for wheat across Chicago Minneapolis and Duluth reach Cars, vs 928 last year and 540 on the previous year’s corresponding day.
The report lists cash grain prices for wheat corn and oats with several quality grades and bid figures. Specifics include No 2 northern and spring wheat around 1.13 to 1.16 per bushel, No 2 yellow corn about 0.74 to 0.75, and oats around 0.47 to 0.48 per bushel.
St. Louis grain quotes reflect cash wheat numbers from No. 1 hard and No. 2 hard grades, with corn values for No. 2 and No. 3 white, indicating cents per bushel ranges and adjustments. Market notes date October 24.
Texas fever, long a burden on plains herds, is fading in the extreme southwestern Texas ranches. Cited by J H Hin, state cattle inspector from Fo Stockton in the Pecos River valley, quarantine may lift by December allowing cattle shipments without dipping. The fever, akin to measles, is less dangerous to calves. many Fort Stockton cattle are now immune. Mr and Mrs J H Hennart of Stockton are guests at the Maverick.
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