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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 30, 1911
Page
11
The Associated Press reports Chicago trading on October 30 with wheat firming on belief the price drop left wheat in a strong position. December opened higher and moved up to near 98 1/2 cents, corn and oats advancing on wet weather and smaller shipments. oats and hog products followed with mixed gains and steady closes for December.
Chicago reports today receipts of 60 carloads of wheat, 27 contracted. 185 carloads of corn with 62 of contract grade. Oats 107 carloads. Minneapolis and Duluth total 93 percent of week’s shipments, versus 889 cars last week and 695 cars on the same day previously.
Chicago quotations show cash wheat levels across grades with No. 2 red at about 98 1/2 to $1.60, No. 1 northern around 11 1/13, No. 2 northern near $1.07, No. 2 spring about $1.05, and related durum and white wheat figures.
Associated Press report from Kansas City dated October 30 lists wheat quotes for various grades and months. No. 2 hard and red prices range near 1.00 to 1.08 dollars, with mixed and white grades in the 0.72 to 0.48 dollar range and futures for December May and July shown.
Quotations summarized by the Associated Press show grain and commodity prices in St Louis. Wheat futures advanced with December at 934 cents and May higher. Corn and barley prices listed with various No 2 and No 2 white grades, reflecting a general market uptick.
Washington October 30 The Weather Bureau bulletin projects seasonable temperatures and generally fair conditions across the United States through the coming week. No abnormal weather is expected, with a disturbance moving in from the far west around Tuesday and advancing eastward, bringing unsettled weather and showers to the central valleys and eastern states by Wednesday or Thursday, followed by colder air over the northern half of the country.
Cattle market opened in drizzling rain at Union Stock Yards on Oct 30, damp conditions kept buyers away but failed to dampen spirits. Cows four carloads were heavy with limited outlet. top cows at 3.35, bulk 3.00 to 3.25. Calves active, lights at 3.85 top and 3.60 bulk. Hogs steady with last week’s prices around 6.25 top and 6.00 bulk.
New York reports ongoing readjustment in cotton goods markets as traders delay long term pricing for spring. Ginning data assures raw material supply while exports face friction from China turmoil. some mills resume operations and spot demand for seasonables remains steady amid falling prices.
Prime meal and linters listed for Memphis at the Cotton Seed Products firm on October 30 with prices noted as 24.50 for meal and related figures 46 47 for other grades.
The cottonseed oil market closed firm with spot at 5.60 to 5.75 and later months trading from 5.50 to 6.58. Total sales reached 6700 with no trades between the third and fourth calls.
Fort Worth Texas October 30 cattle receipts 8000 head beef steers steady to higher cows active and strong bulls steady feeder steers 365 to 425 calves ropers 3000 head market steady hogs receipts 1200 head market active five cents higher top 6 to 6 cents bulk 6 20 to 6 45 one receipt 1500 head market lower ewes 8 59 lambs 5 25
AP reports Chicago livestock prices with cattle receipts about 23 000 and market steady to up ten cents. Hogs receipts near 30 000 with market steady to a shade higher. Sheep receipts around 58 000 with market generally steady. Cattle, hogs, and sheep price ranges listed for various grades and weights.
Kansas City October 30 cattle and hog sales report shows receipts of about 20 000 cattle with steady to higher bids, and hogs at higher tones with bulk sales around 5.70 to 6.25, plus muttons and lambs with ranges from 2.75 to 5.80. Cattle classes include native and southern steers, western steers and cows with varied prices, and range stock for sheep and lambs in several brackets.
Receipts 6500 cattle including 2190 Texans market strong to 10 cents higher. Native beef steers 5.00 to 6.50, cows 3.00 to 7.25, stockers 1.25 to 5.25. Texas and Oklahoma steers 4.00 to 6.50, calves 4.00. Hogs receipts 4000 market to 100 cents higher. pigs 4.50 to 6.00, packers 6.15 to 6.45, butchers 6.50 to 6.85. Sheep 3200 market strong. muttons 3.00 to 3.75, lambs 4.00.
New York and Kansas City quotes show United States Steel testing midday levels around 52 to 54 with upside limited by selling to support prices and American Tobacco hearing jitters. Railroad shares lead a broad rally while United States Steel and Amalgamated Copper retreat briefly, then rebound as market sentiment shifts.
By the Associated Press New York on October 30 money on call remained steady at 4.5 percent with closing bid 2 percent and offers around 2 percent. Time loans showed ease with 60 days at 34 percent and 50 days and 6 months at 3 percent.
The New York market opened steady with a 4 to 9 point decline as January neared the prior low and March May hit new lows. Bear pressure from southerly selling and weak cables weighed on futures, with a late rally failing to hold. Spot was nominal and prices hovered near the day’s lows, then steadied slightly.
Cotton futures in New Orleans opened steady but fell 6 to 7 points on weak cables and rumors a major English firm cut its crop estimate to 16 million bales. Reports from Southern mills say China rebellion curtails business. spot firms and Liverpool sellers weighed on the market. Prices drifted 9 to 17 points under Saturday at noon, with a late recovery then a drop to the day’s lows before closing 8 to 16 points down.
Cotton futures opened steady in New Orleans with January at 9.95, February 9.02, March 9.10, May 9.20 bid, July 9.33 bid, August 9.26 bid, September 9.25, October 8.94 bid, December 9.18.
Close cotton in fair demand five points lower with American middling at 5.70 and futures easing. Sales 8000 at Liverpool including 7500 American, receipts 20300 all American, futures curve from October 4.99 to September-October 4.96.
Liverpool steady with 5,208,000 in sales while New York remains quiet at 9.35 29. New Orleans shows steady vee 9 percent 225, Houston quiet at 9 percent 365 and Galveston steady at 4 133.
New Orleans on October 30 reports spot cotton closed steady with a % decline. Sales totaled 225 bales, arrivals 800, with varying grade quotes from low ordinary to strict good middling. Receipts reached 11,407 bales, stock at 99,623 bales.
Memphis market notes show spot cotton steady at middling 9 cents per pound with prices unchanged for the session. Local traders expect minimal movement as the market holds near recent levels.
Refined sugar fell ten cents per hundred pounds on the New York market, the second dime decline in ten days. Beet sugar gains threaten cane prices, refiners turn to substitutes, and expected lower costs aim to boost consumption. Local markets react as cane runs and beet supplies ease the overall sugar outlook.
Butter per pound 27c, country butter 16 117c. Eggs strong with fresh country candled at 23c and storage 22c. Cheese firm with fancy cream 12% and brick 20c. American Swiss 240, imported Swiss $ic, Limburger 20c, Badger State 17c. Poultry steady with hens per dozen $4.50 to $6.00, large springs $3.50 per dozen, medium springs $2.60 to $3.00, small springs $2.40 to $2.26, guineas per dozen $3.25 to $3.60, ducks per dozen $6.00 to $7.00, squabs $1.71 to $1.25, turkeys per pound 12c.
Butter steady with daisies and creamery grades listed. Eggs firm with 2759 cases and various first and prime first class prices. Cheese steady including Daisies Twins and Young Americas. Potatoes steady and poultry prices easing with turkeys chickens and springs. Veal steady across weight brackets.
Raw sugar and petroleum show little change in New York trading with 89 test and 96 test values noted. Molasses steady and refined sugar easy while spot coffee remains quiet.
Quotations show poultry quiet with chickens at 8 cents and turkeys 14 16 cents. Butter dull with creamery at 28 to 30 cents. eggs steady at 20 to 30 cents.
New York market report shows egg receipts at 4316 cases for the period. Fresh gathered extras trade at 83 384c, extra firsts 29 3ic, firsts 26 28e, fresh gathered chickens prime 16 toc. State and Pennsylvania nearby whites described as fancy large new.
AP reports from Elgin Illinois on October 30 that a local butter firm produced 674200 pounds this week, an advance of 144 cents over the prior week as output reached 674,200 pounds.
The 1910 U S livestock value totals 4 895 000 000 up 1 320 000 000 from 1900 with horses now highest at 2 076 000 000 and cattle 1 485 000 000. Cattle share falls to 30 3 percent while horses rise to 42 4 percent of total value. Dairy cows swell 3 445 212 head and poultry value surpasses 150 000 000 as farms report abundant production across regions.
Associated Press reports calm trading in New York with close prime mercantile paper at 4% and sterling exchange steady. Bankers bills listed at 4.53.60 for 60 days and 4.86.15 for demand. Commercial bills at 4.8275, Mexican dollars at 46% and bar silver at 54%. Government and railroad bonds hold steady.
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