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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 01, 1911
Page
13
At Union Stock Yards on September 1 the light livestock run and scarce offerings dominated the market. A Wharton Texas car of mixed beef cattle led the day with limited demand. Prices stayed steady with the week as top grades reached about 3.50, while hogs were not offered.
The Fort Worth Livestock Reporter lists cattle and calf receipts at leading markets through August 22 1911 and notes a near 28000 head drop in marketing this year. O R Kelly of Pleasanton visits Bexar hotel examining stock trends and says strong fat stock can perform well here. Dick Ferring of Devine reports prosperous ranching and plans liberal shipments. San Antonio expected to send large consignments. Shorty Everett Palestine horse trader buys local stock for shipment. J S and J B Strait Big Wells cattle raisers registered at the Southern Hotel San Antonio.
Texas cattlemen are asked to back a proposal to reopen the Chisholm trail from Austin to Wichita as part of a proposed national highway. Postmaster Barkley of Fort Worth urges old-time cattlemen to support the plan and help coordinate with Oklahoma interests at El Reno. A separate Berlin report notes the government may cut cattle feed rates while urging farmers not to sell amid feed scarcity.
Cattle sales at Fort Worth on September 1 were reported by the Associated Press with a summary of prices and lots sold. The report notes general trends in demand and price levels for the day's offerings.
Floresville Texas reports ginning 1800 bales of cotton to date. Recent heavy rainfall last Monday night brightened prospects. previously gloomy farmers now believe a splendid change will yield a good fall crop.
Luling Texas reports cotton receipts surpassing five thousand bales for August as rains caused little damage. Farmers continue harvesting their crops and remain busy with picking.
The Chicago market rose as shipments from Argentina India and Australia were lighter than expected. Rain in Canada and foreign demand supported gains in wheat and corn while oats paused after large deliveries. Provisions held firm with pork lard and ribs higher, as export sales buoyed prices and Morocco concerns lent bulls support.
Cattle receipts 2600 with steers steady at 4.50 and calves 4.50 to 5.75. Stockers and feeders 3.70 to 4.85, cows 2.60 to 3.90, bulls 2.75 to 3.25. Hogs 1300 head steady to 5c higher, top 7.70 and 7.20 to 7.50 bulk. Sheep receipts 500 steady.
Canadian Pacific Southern Pacific and Lehigh Valley gain small margins while most active shares drift. United States Steel Reading and Harriman issues show strength. cotton crop reports weigh on prices and trading shifts toward cotton market as three day holiday approaches.
The snippet shows prices for pork bellies and oats with Sept and Jan contracts, including open, high, low, and close values. It also includes a stray line on short interest and a few numeric figures in the livestock area, indicating a chaotic, partial market page.
Wheat totals 100 cars with 41 contract grade. Corn 421 cars with 135 contract grade. Oats 166 cars. Combined receipts at Chicago Minneapolis and Duluth today 434 cars, up from 411 last week and 625 a year ago.
Chicago price notes list cash wheat varieties with bids from No 2 red to durum and oats and corn quotes for No 2 white No 2 yellow and standard oats, showing bid ranges and bid volumes. Prices expressed in dollars per bushel with fractional cents and typical market terms.
The Bank of Bengal increased its discount rate from 3 to 4 percent today in Calcutta as part of its monetary policy adjustment.
Cattle receipts about 2000 with a slow weak market. Beeves to 7.90, Texas steers to 6.385, Western steers to 7.00. Pigs and sheep also reported with mixed prices and large receipts, indicating a softer overall tone.
Cattle receipts 1500 including 900 southerns: native steers 5.00 8.90. southern steers 4.00 6.00. southern cows and heifers 3.00 4.50. native cows and heifers 2.75 7.25. stockers and feeders 3.25 5.75. bulls 4.50 8.00. calves 4.50 7.50. western steers 4.60 7.25. western cows 3.00 4.75. Hogs receipts 3000, market 5c higher. bulk 7.15 7.30. heavy 7.00 7.40. packers and butchers 7.10 7.40. lights 7.10 7.40. Sheep receipts 2000 steady. muttons 3.25 4.00. lambs 5.50 6.35. range wethers and yearlings 3.00 4.26. ewes 2.50 3.75.
Cattle receipts 1900 with 100 Texans, steady values for native beef steers, cows and heifers, stockers and feeders, and Texas and Indian steers. Hogs receipts 4000 steady with pigs, lights, packers, and best heavy prices. Sheep receipts 3200 steady with native muttons and lambs not fully listed.
Close prime mercantile paper 4 percent. Sterling exchange easy with bankers bills at 483.50 for sixty days and 486.05 for demand. Commercial bills 4.83. Bar silver 52 1 2 cents. Mexican dollars 45 cents. Government bonds steady. Railroad bonds firm. Money on call steady at 2 percent. Time loans steady with sixty days 3 4 percent, ninety days 3 1 2 percent, six months 3 4 percent.
Percales 28 inches wide cut half a cent a yard. Light weight sheetings for China sold at percent to percent above last week. Print cloths moved freely with a 1 16 to percent per yard advance. Fancy woolen suitings moving freely for spring delivery. Raw silk market tone firmer.
Cash wheat advances with No 2 track red 88 1 2 to 90 cents and No 2 hard at 92 cents and 1.00. Corn remains firm with No 2 track 63 1 2 cents and No 2 white 64 cents. Oats ease with No 2 track 48 cents and No 2 white 44 1/2 cents. futures end mixed with wheat at 62 1/2 and oats around 42 1/2 to 45 cents.
The New York cotton market opened steady with an advance of about 4.7 points on Liverpool futures amid anticipation of a low September report and strong export outlook. Prices firmed briefly before government data eased gains. the report showed U S condition at 73.2 percent against prior readings, triggering a sharp late rise before settling from the day’s highs due to liquidation and stop orders.
The market opened steady with futures bids showing January at 11.35 36, March 11.47 48, May 11.60, September 12.20, October 11.34 35, November 11.32, and December 11.39 40 in New York trading.
Cotton futures in New Orleans opened steady with a 1 to 4 point advance later turning mixed as weather favorable and a bearish condition report weighed on prices. By noon December rose but closed with an 8 to 12 point net decline from yesterday.
The record lists futures opened steady with September values at 11.33 and 34c, October at 11.26 and 27c, December at 11.29 asked, January at 11.32 and 338c, March at 11.43 and 45¢c, and May at 11.52 and 54e.
Closing cotton in Liverpool shows fair demand with prices up three points. American middling fair 7.69, good middling 7.25, middling 6.95, low middling 6.75, good ordinary 6.49, ordinary 6.24. Sales 8000 bales, receipts 200, futures open easy and end very steady with multiple month quotes.
Market report shows Liverpool steady at 95a with 8,000 volume, New York quiet with 11.76 cents move and 4,800 units, New Orleans firm at 11.60 with 720, Houston steady with 11, and Galveston steady with 18 percent figure.
Memphis reports cotton spot prices steady on September 1 with middling cotton at 12 3 4 cents. The short bulletin notes no change from the prior day and highlights market stability in the cotton trade.
The Associated Press reports Galveston Tex on September 1 that spot season remains steady with middling prices for license sales f o b 250.
Houston market report notes spot cotton in Houston Texas on September 1 remained steady with middling grade at 11 7 8 cents.
Spot cotton firm with revised quotations. Sales on the spot 345 to arrive 175. Grades listed from low ordinary to good middling with specific price ranges. Receipts one, stock 26,954.
In Lockhart Texas a record August cotton rush emerges with foreign buyers and ample seed stock. Seed buying rises as milling seed climbs from 12 to 18 dollars a ton. Public weighers surpass 8100 bales and the compress moves over 12 240 bales. prices stay moderately high amid strong competition and steady patronage at the Farmers union warehouse. Caldwell county expects a solid early season showing.
The market rose 17 points in New York and barely changed in New Orleans after a bullish government condition figure of 73.2. Shorts sold on bulges, while bulls used the report against weather and strong production news. Local traders praise Nat Davis for closest guess to the government figure at 71.44 and note Ivanchich as the largest bull with a 80 1 2 guess.
Cotton seed products quoted in Memphis on September 1 with prime basis oil at 4.93 to 4.94. Meal at 26.50 and linters priced from 2 3 4 to 3 3 4 cents.
A special train carried 1000 bales of Taylor cotton for Galveston buyers representing Torrance & Co. The 20 cars, each with fifty bales, head to Russia. Earlier, McFaddens sent 900 bales to Galveston for foreign ports.
An additional cent rise in several roasted coffee brands sparks ongoing market excitement with further gains likely as new crop prospects loom. Sardines crackers and sugars draw attention with expected shortages and price pressures. salmon pack shrinkage drives a 25 cent per case rise.
A private telegram from San Francisco estimates California dried peach production at 500 to 600 cars with about 100 cars sold to Europe and substantial amounts bought for south and western markets. The crop is said to be near growers' hands and prices to the packer must yield profit. The Armsby and North On interests are credited with securing virtual control of the crop.
Creamery per pound 26c and country butter 14 20c. Fresh country candled eggs 14 15c. Cheese prices firm with various brands from 12 6c to 24c. Poultry markets steady with hens per dozen 5.00 to 6.00, springs 2.76 to 4.50, guineas 3.25, ducks 5.50 to 6.00, turkeys 14 per pound.
Steady butter with creameries at 20 and 26 cents and dairies at 18 and 22 cents. Eggs steady receipts 7110 cases with various lot prices. Cheese steady with several brands listed and prices. Potatoes easy with two car receipts and Wisconsin and Minnesota price ranges. Poultry live steady with turkeys young hens springs prices. Veal steady across weight ranges with per pound prices.
ST. LOUIS PRODUCE. ST. LOUIS, Sept. 1. Poultry van chickens 10c, springs 11c, turkeys 15 and 16c, ducks 9 1 2c, geese 6c. Butter steady, creamery 19 and 25c. Eggs steady, 17c.
Kansas City market news lists creamery prices with 25 cents for cream, firsts 23 cents, seconds 16 1 2 cents. Eggs shown at 21 1 2 cents for extras, 18 1 3 cents for firsts, and seconds unspecified.
New York on September 1 reported coffee futures finished with a net rise of 3 to 7 points. Sales reached 47,250 bags as spot Rio grades held steady around 13 1/2 to 14 1/2 cents with Santos No 4 at 14 to 14 1/2 cents and Cordova near 14 16 1/4 cents in a quiet market.
New York reports raw sugar prices firm with no offers at quoted levels. Centrifugal 96 test at 5.36 cents per pound and 89 test molasses sugar at 4.86 cents. Molasses sugar 9.61 cents per pound.
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