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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Oct 31, 1911
Page
11
Bears gain control as European visible wheat supply grows. Cranberries rise with a $1 per barrel hike and strong Thanksgiving and Christmas price projections. Sugar, flour, potatoes, eggs, and butter markets also move amid seasonal demand and storage factors.
Quotations today show butter and cheese steady. Eggs remain firm with firsts at 23 to 24 cents and layings at 16 to 19 cents. Potatoes and poultry hold steady with turkeys at 14 cents and chickens at 10 cents, veal prices across weight ranges accordingly.
Raw sugar prices show Moscovado 89 test at 5.32 cents per pound and centrifugal 96 test at 5.74 cents, molasses sugar 89 test at 4.97 cents, refined steady. Petroleum markets remain steady in New York trading.
Quotation details from St Louis show poultry steady with chickens eight cents, springs nine, ducks twelve, geese around sixteen cents. butter creamery prices rise to about 24 to 31 cents. eggs up to 21 to 23 cents.
New York report notes Egegs firm unchanged with receipts at 8888 cases as of October 31.
Union Stock Yards reported 305 head in today s offerings including 192 cattle 15 calves 1 horse 76 hogs and 21 sheep. Trade was slow with early softness but noon prices suggested a firmer tone later in the day as cow salesmen showed strength and hogs moved toward 6 dollars per head.
Sixteen carloads of Holmes steers completed a rapid second dipping at the local stock yards. The process took two hours from first immersion to final pen, quicker than the first dipping. Owner Holmes praised the precision despite new pens and inexperienced dippers. The herd left for Nixon after inspection by Dr. Johnson and Stoner, who found no ticks.
Fort Worth Texas October 31 cattle receipts 2700 head beef steers steady stockers and feeders strong cows slow steady bulls strong and active calves 800 head market active and strong hogs receipts 3000 market ten cents lower top 6.60 bulk 6.15 to 6.45 sheep receipts 6560 head market steady
Receipts show cattle 6500 with Texans 1400 and native beef steers 5.00 to 6.50, hogs 14,000 with market strong and lights 4.50 to 6.19, packers around 6.00, sheep 3500 with native muttons 3.00 to 3.75 and lambs 4.00 to 5.90.
Cattle receipts 15 000 with 1000 southerns sold steady to 1.00 higher. Native steers 5.50 to 8.75, southern steers 3.75 to 5.00, southern cows 2.60 to 4.25, native cows 2.50 to 6.75, stockers 3.75 to 5.60, bulls 3.00 to 4.50, calves 4 to 7.25, western cattle 4.00 to 7.50. Hogs receipts 18 000 steady to 5 cents lower, bulk 5.76 to 6.30, heavy 6.25 to 6.35, packers 6.10 to 6.30, lights 6.75 to 6.20, pigs 4.25 to 5.00. Sheep receipts 10 000 market strong, muttons 2.75 to 3.50, lambs 4.40 to 5.90, wethers 5.00 to 4.50, yearlings 5.00 to 4.50, ewes 2.00 to 3.75.
Chicago October market summary shows cattle receipts about 7500 with steady trade. Hogs receipts around 26000 with 5 to 10 cents lower. light to 6.35, heavy 5.75 to 6.50, bulk around 6.10. Sheep receipts near 30000 with 10 to 15 cents higher. native lambs 3.50 to 6.75, western 3.75 to 5.70.
Wool prices in St Louis on October 31 show slow demand with medium grades at 17 to 20 cents, combing and clothing. light fine 16 to 18 cents. heavy fine 13 to 15 cents. tub washed 20 to 26 cents.
A brief Associated Press market bulletin from New York notes prices for hides steady, leather firm, wool quiet, and rice steady as of October 31.
The rice market in New Orleans showed strength and brisk dealings on October 31. Receipts totaled 19,932 rough and 6,128 clean units with millers at 4,875, while sales included 2,427 rough cendures at 2.80 to 3.40, 862 Japan at 3.35 to 3.67, and 5,639 clean Honduras at 1 a 16 5c with 3,639 Japan at 1 3c. Quotations held rough Honduras and Japan unchanged, clean Honduras at 4 to 4c, and Japan at 2 3c.
A Missouri boy cultivated sweet peas on a third of an acre of tang and earned about one hundred dollars from the harvest during a single growing season.
European visible supply rises pressuring wheat prices in Chicago with rains in Australian drouth zones and favorable Atlantic crops. Corn and oats soften as hogs boost pork futures. December wheat closes sharply lower amid selling.
New York opens with cotton steady advancing two points on covering by belated shorts while later months slip 2 to 5 points. December leads gains amid demand and nervousness over December delivery. Spot prices hold near 9.35 cents while weather reports attract little attention.
Chicago market quotes show No. 2 red wheat at 98 5 8 to 99 1 4 dollars, No. 2 hard 1.01 to 1.06, No. 1 northern 1.10 to 1.12, No. 2 northern 1.07 to 1.11, No. 2 spring 1.02 to 1.08, velvet chaff durum around 1.05, No. 2 orange 73 to 74 percent, No. 2 white 74 percent, No. 2 yellow 74 4 to 74 4 percent, oats No. 2 white 47 8 to 47 4 cents, standard 46 1 to 47 4 cents.
The Associated Press notes cash grain quotes in St Louis with No 2 red wheat at 8 99 or 8 99 1 2 cents per bushel, No 2 hard 9 81 2, corn No 2 71 72 cents, No 2 white 13 and oats No 1 pi 44? No 2 white 47 4? cents. December futures for wheat 97 or 97 2, May 1 02 2. Corn December 46 or 46 2, May 49 cents.
Quotations report cash wheat and corn prices with No 2 hard at 1.00 to 1.08, No 2 red at 9.9 e, corn No 2 mixed and No 2 white at 7 to 9 cents, oats at 46 to 47 cents, and futures closes for wheat and corn with varying months and percentages.
Futures for January through December showed small moves with January at 8.86 to 8.87, March 8.96 to 8.97, May 9.08 to 9.09, July 9.17 to 9.18, and October around 8.97, as the market opened and closed barely steady amid mixed quotes and incomplete data.
New Orleans cotton futures opened steady with a 2 to 5 point decline as interior sellers and weak cables weighed on early trading.buying by ring traders spurred a partial rebound by noon, with prices ending the first half 4 to 5 points under yesterday, and the close steady though 0 to 5 points lower.
Cotton futures opened steady in New Orleans prices quoted for January March May July and November December contracts with small bid ranges shown: January 9.00 01, March 9.07 08, May 9.19 21, July 9.30 1, November bid 9.04, December 9.05.
Liverpool spot cotton eased eight points in fair demand with American middling at 5.62, good middling 6.26, middling 6.12. Sales reached 10,000 bales with 9,300 American and 50,000 American receipts. Futures opened easier but closed steady with multiple month spreads quoted.
Chicago markets report wheat and corn receipts with numbers by grade and total daily arrivals across Chicago Minneapolis and Duluth. The piece notes wheat 958 cars total, and mentions a novelty at the countess of Ancaster's autumn parties with large colored addressed envelopes for guest letters.
The weekly government weather report shows light to killing frosts in northern and central localities with freezing in the northwest cotton region. Precipitation was heavy in the eastern cotton region, especially in east central Georgia and central and southwestern South Carolina, while Alabama Mississippi Louisiana Arkansas Oklahoma and Texas saw light rain or none. The greatest rainfall was 4.30 inches at Washington Georgia with mean temperatures from 52 to 76 degrees across the regions.
New Orleans on October 31 reports spot cotton quiet and unchanged. Sales total 108 bales on the spot with 4 400 bales for future delivery. Prices listed across grades from low ordinary to strict good middling with receipts 28,315 and stock 126,172.
Spot cotton finished steady to marginally higher in New York with middling uplands at 9.40 and middling gulf at 9.65. Sales totaled 3014 bales as buyers and sellers conducted routine activity.
Spot cotton in Houston on October 31 remained steady with middling at 9 cents per pound and no change in price.
Memphis market notes show prime basis 446 47 cents, meal 24 dollars 25 cents and 50 cents, linters 2 dollars 3 cents per unit. Market insight indicates slight variations in cotton seed by product type as of October 31.
Cotton seed oil trading in New York on October 31 shows dull activity with spot prices around 5.61 to 5.75 per unit and near-term bids of 5.53 to 5.65 for various months. Volume totals 6,800 units across December and January contracts.
The report from New York on October 31 notes opening prices for spring carpets with reductions from 25 cents to $3 on domestic rugs. Cotton goods show easier trading with steady but small demand and raw silk is lower.
Governor Crothers of Maryland urged Governor Colquitt to attend a December Baltimore meeting of southern governors to discuss southern immigration. Crothers said the south needs more people of the right sort.
During the first six months of this year the Brazilian government distributed sixty one tons of seed among farmers and institutions besides a number of books containing advice.
The University of Lyons in France intends a model hospital featuring the latest medical equipment. It aims to provide care for 1200 sick individuals.
Union Pacific led gains among rail stocks while United States Steel and Amalgamated Copper rose near day highs. American Tobacco rose on court-appeal expectations, and curb stocks surged. By midday the market weakened as American Smelting pared earlier gains, though closes firm with Union Pacific and United States Steel notably higher.
Directors of United States Steel announce a regular quarterly dividend of 1% on common stock and 1% on preferred stock. For the quarter ending September 30, net earnings reached 22,716,157 with a surplus of 9,745,494 and total earnings for the half year at 29,522,700.
The Associates Press notes money on call steady at 2 percent with closing bid and offered at 2 percent. Time loans show 60 days at 3 4 percent and 6 months at 3 4 4 percent. Prime mercantile paper at 4 4 8. Sterling exchange steady with 4 83 65 for days and 4 86 80 for demand. Commercial bills at 4 83. Bar are Se. Mexican dollars. Government and railroad bonds steady.
In St Louis on October 31 the lead price stood at 4.1214 and 15 for the day while spelter traded firm at 6.20.
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