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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 06, 1911
Page
11
At the Union Stock Yards on Sept 6, a brisk short session raised prices across divisions. Hog buyers moved over 100 head with choice corn fed hogs topping at 7.00 and generally selling near 6.75 for better grades, while medium and light hogs reached 6.50. Cows and calves also climbed with choice butcher cows at 3.70 and desirable calves at 4.70.
W B Blacker of Austin says stockyards see heavy cattle flow and optimistic meat prices for winter. Schweers of Schweers Kern Commission plans a Hondo trip to inspect consignors. Local stockmen include Louis Edwards, Baird, Mcfadden, Camfield, Cameron, Hamblem. July livestock reports show rising food animal imports at major markets, with cattle hogs and sheep totals. Packing-house shipments from Chicago rose in July 1911, while seven month totals rose vs prior years. Henry Schneers Sr visits to see ill grandchild. Danz and Basse at Fredericksburg top cow and calf market, cows around 3.70 and calves 4.70.
Sales at the Union Stock Yards on September 6 show prices per head for several buyers. J W Meadows of Atascosa offers 4 cows at 8.00, a yearling at 4.30, and 3.00 for other lots. Bexar County entries total around 4,000 head with an average price near 3.25 to 3.75 per head.
Lead remains steady at 4.37 percent while spelter holds at 5.80 as of the latest market report from St. Louis. The Associated Press notes subdued activity in rod and metal sectors.
Light Russian offerings and Berlin gains boost Chicago trade. Short selling scarcity and strong freight demand push prices higher with December wheat up to 96 5-8 to 3-4 cents. corn up to 64 1-4 cents aided by British export demand and firm hog prices easing provisions.
Receipts today include 274 cars of wheat 162 contract grade 958 cars of corn 298 contract grade and 368 cars of oats with unspecified grades. The report lists movement at the market in Chicago for the day.
The Chicago market reported cash grain prices with several varieties listed. Wheat ranged from No 2 red around 92 to 97 cents, No 2 hard winter 95 to 97 cents, and corn No 2 white 66 to 64 cents, oats No 2 white 44 to 45 cents.
The Associated Press reports New York on September 6 that gray goods prices edged up slightly as prints held steady. Demand improved for stock goods in men s wear and for rough novelties in dress goods.
Fort Worth Texas reports hogs down a dime with 1400 head receipts. Top price hits 7.65 while bulk trades around 7.00 to 7.50. Cattle receipts total 3000 with steers and stockers steady. cows and bulls show limited variation. Sheep receipts near 1000 remain steady with wether prices around 3.80.
Chicago live stock market reports for September 6 show cattle receipts about 17 000 with steady tone. Beeves Texas and western steers and feeders prices ranged 2.25 to 9.00. Hog receipts about 23 000 with prices 6.65 to 7.45 and general softness. Sheep receipts around 45 000 with values 2.00 to 6.20 for natives, westerns and yearlings.
Cattle receipts reach 5000 with 1000 Texans, market steady. Native beef steers 4.50 to 8.00, cows and heifers 3.00 to 7.50, stockers 3.00 to 5.50, Texas and Indian steers 4.00 to 7.00, calves 4.00 to 5.50. Hog receipts 11,000, market steady to weak, figs and lights 4.25 to 7.50, packers 7.25 to 7.70, butchers 7.25 to 7.50. Sheep receipts 3000, market steady, muttons 3.25 to 3.75, lambs 4.00 to 6.35.
Cattle receipts 11000 including 700 southerns market steady with native steers 5.25 to 8.15 southern steers 4.00 to 5.50 cows and heifers 2.75 to 4.50 stockers 3.50 to 5.75 bulls 3.00 to 4.50 calves 4.25 to 7.50 western cattle 4.75 to 7.25 hog receipts 5000 nine to ten cents lower bulk 7.05 to 7.25 packers and butchers 7.20 to 7.30 lights 7.00 to 7.30 sheep receipts 10000 market steady muttons 3.00 to 8.75 lambs 4.50 to 5.85 range wethers 3.00 to 4.50 yearlings 3.00 to 4.50 range ewes 2.50 to 4.00.
In St Louis today investors saw wheat advance with No 2 track red at 90 to 91 cents and No 2 hard at 95 to 1.02. Corn rose with No 2 track 64 to 65 cents. Oats held firm with No 2 track 43 to 45 cents. Dec wheat 94 5 8 cents and May 1.0012.5. Dec oats 46 cents and May 48 7 8 cents.
Quotations for cash wheats show no gains with No 2 hard at 91 98c and No 2 red at 88 1c. Corn rises slightly with No 2 mixed and No 2 white at 63c. Oats remain steady with No 2 white at 43 4c and No 2 mixed at 41 42c. Futures closed: Wheat September 90 1-2c December 94 5-8 3-4c May 98 1-8 1c. Corn September 62 3-8 1-2c December 62 1-2c May 65 3-8c.
Rough rice held flat while clean rice showed little movement in New Orleans. Receipts totaled 10 063 rough and millers 2 982, with sales including 1 794 rough Honduras at 2.05 to 3.25 and clean at 3.04. Prices for Honduras 115-16 4% and Japan at 3.00 to 3.36 remained quoted.
European optimism lifted U S stock prices at the New York open with gains in Canadian Pacific Reading American Smelting Northern Pacific Lehigh Valley and American Car Foundries. Profit taking trimmed advances later while some issues such as Union Pacific Reading and Lehigh Valley held gains and bonds remained firm.
Close prime mercantile paper at 44 percent under prime rate. Sterling exchange steady with bankers bills at 4.83.50 for sixty day bills and 4.86.10 for demand. Commercial bills 4.83. Bar silver 52 percent.
New York quotes rise 8 to 10 points, New Orleans up to 10, Liverpool down 3 to 5, spot markets steady. Bears press before opening, later support grows on reports of crop damage in the southwest. Market recovers to near last night’s levels and holds firm through the forenoon amid dull trading and weather anxiety. Spot uplands at 11.60 cents.
Cotton futures in New Orleans opened steady with an initial 4.5 point drop as traders split between fresh shorts and buying on rains in the eastern belt. By noon prices rose to 3-4 points above yesterday's close and finished the morning 8-10 points higher, with all months showing gains.
Narrow trading yields in September and October show yields around 38 and 27 cents with December and January bids near 80 and 48 cents. March and May bids edge to 58 and 11 cents respectively as markets absorb new data.
Associated Press reports Liverpool spot cotton shows a decline of eight points with American grades at 7.70 for good middling 7.36, middling 7.06, low middling 6.92, and ordinary 6.40. Daily sales reach 10,000 bales with 500 for speculation and export including 8400 American. receipts 1000 bales. Futures open quiet and close steady with several forward spreads listed.
Market brief notes middling activity in leading spot markets. Liverpool quotes slow with 10,000 units, New York quiet at 11.60 and 10,000 units, New Orleans quiet at 11 11 16 and 2,720 units, Houston steady at 11 to 11 1 2, and Galveston steady with 6,517 units traded.
Spot cotton in New Orleans steady to higher with gains of 8 to 16 cents on 730 bales sold on the spot and 2000 arriving. Quotations range from 8 1 4 cents for low ordinary to 12 15 16 cents for higher grades with receipts of 1206 and stock noted.
Spot cotton closed at 114.60 cents for middling uplands and 11.85 cents for gulf. Sales reached 77 bales.
New Orleans reports another year of high cotton prices driven by tight supply and speculation. Old crop profits faded as attention shifted to the new crop. mills faced raw material shortages while southern traders influenced prices within federal trading limits.
Union Stockyards of San Antonio weighs building thirty eight modern live stock pens north of the cattle sheds to serve shippers above the quarantine line. The Northern yards would offer three box car sized pens with up to date facilities and route efficiency to northern markets. Dr. Amos Graves, president, hints at more schemes to attract Texas cattlemen as the new dipping vat nears operation.
Houston statistics list cotton bales stock at ports with yesterday and last year figures. Current stock 209,621 bales, last year 191,603, yielding an excess of 20,189 bales for the season.
Memphis reports on September 6 with Prime basis oil at 4.94 cents per pound, meal at 26.50 dollars per hundredweight, linters at 2 1 3 cents per pound. Prices reflect Associated Press wire.
September 6 report shows cottonseed oil prices varying across grades in New York. Close values range from $5.94 to $6.38, with several bids around $6.00 and slightly higher, reflecting modest fluctuations in supply and demand.
In St Louis on September 6, wool markets show no change with medium grades for combing and clothing at 1842 21, light fine 1 Seagate heavy fine 14 15, and stub washed among the offerings.
The quotation for all grades of refined sugar advanced 15 cents per hundred pounds on the New York market. San Antonio retailers pay 7.20 per hundred pounds locally. The market remains strong with expectations of further gains before week’s end as refiners note steady demand for immediate needs and no stockpiling.
A local jobber says the coffee market shows firm footing with likely price advances after last week’s gains. Retailers may quote by the grain rather than the pound as levels rise, roasters note a one point increase yesterday and several premium packed brands already gain a fraction per dozen.
The season’s first carload of Jonathan apples arrived today and was received by the Gugenheimag firm. The trade, long supplied by green yellow varieties, welcomed the New found Jonathan for its favorable mood. Prices stood about $2.26 per box, in line with existing stocks.
Tomato packers raised a firm stand on No 2 tomatoes after refusing orders at 60c and quoting 65c fob for that size. They cited uncertain crop prospects due to recent rains and said sellers won’t commit without clearer output expectations. Several canners have withdrawn all quotations for now.
Creamery products quoted with 1 pound at 25 cents and various cheeses with firm prices. Fresh corn at 14 to 15 cents per dozen. cream and butter prices shown. Poultry prices listed by type include hens, springs, guineas, ducks and turkeys with per dozen or per pound figures.
Quotations show butter and creamery products steady with small changes, cheese firm and grains like potatoes and veal fluctuating modestly. Movements mention Minnesota Wisconsin Michigan pricing with live poultry unsettled and meat weights varying.
Quotations released today show poultry mostly steady with chickens at 10 to 10 1/2 cents, turkeys 11 to 18 cents, and ducks around 12 cents. Butter and creamery products hold at 20 cents for eyes steady at 27 cents.
New York market notes show Dpgge firm receipts at 22 277 cases and fresh goods prices for gatra firsts at 21 22e per unit and fresh checks at 14 12e. Poor quality offerings sell from $2.40 to $3.90.
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