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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 05, 1911
Page
11
At Union Stock Yards on September 5 receipts totaled about 300 head including cows calves and hogs. Cows led the trade with top prices around 360 dollars while hogs held last week’s high, corn fed hogs up to 7 dollars and medium hogs at 6.50. Calves ranged to 4 dollars and buyers dominated early, with brisk sales and a practically cleared yard by noon.
Dr. Amos Graves of Union Stock Yards Co. inspects the new dipping vat nearing government approval. Local hog and cattle markets show optimism with rising prices and steady demand. Louisiana buyers tour San Antonio seeking several carloads of horses, hotel guests mingle with stockmen.
The Associated Press notes Fort Worth cattle sales dated Sept 5 show varied weights and prices. Mitchell & Co. of Eagle Pass sold 163 Mexican cows at 3.35 per hundredweight and a mix of bulls steers and heifers with price ranges around 2.90 to 3.35. Ward Cattle Co. of Gardendale listed 105 feeder steers at about 4.05. Terry McFadden of Eagle Lake and Tom Stanton of GP Cover Rice Re acess contributed additional cattle lines with mixed weights and values.
Heavy selling followed a Liverpool price rise with farmers and traders taking profits. Wheat led higher, December opening 96% to 97% and closing mixed. Corn fell on rainy weather while oats and pork provisions moved with market sentiment.
Wheat receipts totaled 101 cars today with 58 contract grade. Corn 438 cars with 116 contract grade. Oats 135 cars. Total wheat receipts across Chicago Minneapolis and Duluth reached 1862 cars, compared with 562 cars in the first week and 1119 cars on the same day last year.
Fort Worth Texas September 5 cattle receipts 2500 steers steady 325 to 525 stockers and feeders steady 375 to 440 cows steady 240 to 425 bulls steady 225 to 210 calves strong 400 to 485 hogs receipts 900 five cents lower top 7.75 bulk 7.25 to 7.60 sheep receipts 28 steady
Cattle receipts 16 000 with steady market. Native steers 5.25 to 8.15, southern steers 4.00 to 5.50, southern cows and heifers 2.75 to 4.50, native cattle 2.75 to 7.50, stockers 3.50 to 5.75, bulls 3.00 to 4.50, calves 4.25 to 7.50, western cattle 4.75 to 7.26. Hogs receipts 11 000 with 5 to 10 cents lower market. bulk 7.15 to 7.35, packers 7.20. Sheep receipts 12 000, market weak. muttons 3.00 to 3.75, lambs 4.75 to 5.85, range wethers and yearlings 3.00 to 4.50, range ewes 2.50 to 4.00.
AP report from Chicago on Sept 5 shows cattle receipts about 5000 with slow to steady trading. Prices include Reeves 5.00 to 8.10, Texas steers 4.00 to 6.70, western steers 4.00 to 7.00, stockers 3.00 to 5.50, cows 2.25 to 6.30, calves 6.25 to 9.00. Hogs receipts about 1400 with bids 7.00 to 7.70 for various classes, bulk 7.05 to 7.40. Sheep receipts about 4500 with prices 2.00 to 3.80 for natives, 2.40 to 3.85 Western, yearlings 3.90 to 4.80, native lambs 4.00 to 6.25, Western lambs 4.25 to 6.25.
Receipts total about 5000 cattle with 500 Texans, hogs 11000, sheep 3200. Cattle ranges include native beef steers 4.50 to 8.00, cows and heifers 3.00 to 7.50, stockers 3.00 to 5.50, Texas steers 4.00 to 7.00. Hogs average from 4.50 to 7.79, sheep muttons 3.25 to 3.75, lambs around 4.00. Market overall steady to weak in spots.
Quotations show wheat rising with No 2 track red at 89½ to 91 cents and No 2 hard near $1.02. Corn gains for spot, with No 2 track at 63½ to 64 cents and No 2 white around 63½ to 64. Oats rise to 43 to 45 cents. Close sees wheat, corn, and oats mixed with Dec and May positions noted.
Quotations today show cash wheat at No 2 red 91 92 cents and winter 93 1/2 to 94 1/2. No 1 northern ranges 1.04 to 1.09 and No 2 spring 1.00 to 1.04. Velvet chaff durum 92 cents to 1.00. Corn No 2 No 2 white and No 2 yellow around 0.85 to 0.86. Oats No 2 around 43 to 45 cents, No 2 white 44 to 45 cents.
Cash wheat steady No 2 hard 90146 9T%c No 2 red 88 c. Corn %c higher No 2 mixed and No white 62%3c. Oats steady No 2 white 43 %c No mixed 41 %c. Close September Bent 894%c Dec 98% %c May 98% Corn peptesnee 6 % 62¢ Dec 61% D%c May 65% %e.
The Houston Chamber of Commerce filed a complaint with the Interstate Commerce Commission challenging recent rate increases for rice and rice products from Houston to New York and Atlantic seaboard points. The changes add two cents per hundred pounds for clean rice in carload lots, with higher raises on rice products in effect since August 1.
A brief arrival report states the United States assisted ship Kron Prinz Wilhelm from Copenhagen to Bremen, with the vessel listed as arriving on the date.
U S stocks opened lower after a three day break as many rail and industrial issues fell on foreign market weakness. Prices rallied in late trading with gains led by Union Pacific American Smelting and Amalgamated and others, though some rails posted only small losses.
AP reports a steady mercantile paper at 4 percent and stable sterling exchange with bankers' bills at 4.86, 60 day bills. Commercial bills 4.82, bar silver 52 cents, Mexican dollars 45 cents. Money on call steady at 2 1/2 percent, time loans steady with 60 days 3 3/4 percent, 90 days 3 1/2 percent, six months 3 1/2 percent.
The New York cotton market opened steady with an advance amid higher cables from Liverpool, then slipped as supply grew and southern selling increased. By noon prices stood 3 to 4 points over Friday’s close, later easing 6 to 7 points in afternoon trading as southern factors and worms reports weighed on sentiment. Spot middling uplands quoted at 11.78.
The cotton market opened steady in New York with January at 11.47 48 cents per pound and December at 11.49 650. Futures closed steady, reflecting a balanced session across the spread with several near-term contracts showing small gains and others little changed.
New Orleans cotton futures opened steady with a 6 to 8 point advance on good cables. Rain in the belt was seen as unfavorable and likely to worsen insect damage. Reports from the belt varied, with some areas reporting serious conditions while outsiders grew more inclined to buy. By midmorning prices rose 12 to 14 points over Friday’s close, then drifted in the afternoon with the market closing steady to 2 points down or up from Friday.
Fragmentary notes list month labels with numerical values 11.45 47 for September, 11.37 for October, 11.41 42 for December, 11.48 for January, 11.57 bid for March, and 11.67 69 for May. No context on item type or source.
Associated Press reports Sept 5 in Liverpool that close spot cotton trading showed prices up 7 to 13 points with American middling fair at 7.78 and other grades quoted. Sales reached 10,000 bales including 8900 American, with no receipts and futures opening dull but steady.
Spot cotton in Memphis remained steady with Middling grade at 12 cents, unchanged from the prior report. Associated Press notes no price movement across the market in today’s bulletin.
New Orleans on September five reports steady cotton on the spot at 151 to arrive 2328. Market shows grades from low ordinary to good middling with strict variants cited. Receipts total 41 bales, current stock 22 823 bales.
Good reports from San Gabriel river bottom north of Taylor and Brushy creek bottom south of Taylor indicate a strong pecan crop. Late rains helped pollen maturity despite early drought, with expectations matching last year’s yields.
Texas Commissioner Ed R Kane under guidance from Alabama official Reuben F Kol d urges a September meeting in Montgomery to address rumors of an oversized cotton crop. Delegates from cotton states invited to join effort to stabilize prices and prevent farmer starvation.
Boston Mass September 5 A broad improvement spreads as textile mills employing about 55 000 workers restart after shutdowns ranging from eight days to over two weeks Some mills including Fall River curb cotton goods production awaiting better raw cotton and market conditions President William M Wood of the American Woolen company reports the woolen business improving and mills more active than in recent times.
Ed C Lasater, president of the Cattle Raisers Association of Texas, says a convention of producers and consumers will meet at Fort Worth September 12 to seek relief from high meat prices. He notes Houston named 56 delegates and cites producers selling at a loss while consumers pay 300 percent above farm prices.
Prices for prime basis oil and meal at Memphis are listed with figures for linters. New York cot tonseed oil quotes show opening and closing levels for September and futures months with notable gains and declines across six contracts.
In St Louis on September 5 the lead market remained steady at 4.3744 with spelter holding at 5.80 as trading closed.
Mrs John W Gates and Charles G Gates arrive in Houston as widow and son of the late magnate. The duo visit Port Arthur and Houston this week to finalize arrangements for their large Texas holdings, including the Texas company.
The report describes firm food prices in San Antonio due to cotton pickers and limited egg, butter, and chicken shipments. Salmon, sardines, mackerel stay costly while pineapples rise due to Hawaiian shortages. Oregon walnut crops in Lane County show strong potential with 2000 pounds per acre forecast. Banks in San Francisco expect steady loans and rates through year end.
The snippet shows steady egg prices and cheese quotes with fresh corn at 14 to 15 cents per pound. Dairy items include fancy cream at 24 cents, brick 20 cents, American Swiss 24 cents, imported Swiss 31 cents, Limburger 20 cents, and German State 17 cents. Poultry values list large choice hens 6 dollars per dozen, medium hens 5.50, large springs 4.00, medium 3.25, small 2.75, and guineas 3.25 per dozen while ducks run 5.50 to 6.00 per dozen. turkeys 14 to 15 cents per pound.
Chicago market report notes butter cheese and dairy products holding steady while potatoes show weakness. Receipts for poultry and veal remain moderate with live turkeys and fowl prices steady, and cheese and egg quotings provided for various weight categories.
Prices show butter at 27 cents and creamery goods at 23 cents for firsts, with small adjustments noted. A fragmentary listing mentions extras and ends at 112 cents for some items.
New York buyers report firm egg market as of September 5 with 13 494 cases traded. Fresh gathered eggs sold at 24 26 cents per dozen, prime fresh checks around 13 9 cents, poor to fair at 2.40 to 3.60 per case, refrigerator firsts with storage charges paid at 20 percent.
Quotations from the Associated Press list poultry prices with chickens and turkeys at specific cents per pound and ducks and geese around five cents. Butter trends higher with creamery butter noted. eggs remain steady, reflecting market conditions in St Louis on September 5.
The Comptroller of the Currency today called for a statement of condition from all national banks as of the close of business September 1, 1922. The request was issued through the Associated Press from Washington.
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