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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 09, 1911
Page
7
At Union Stock Yards on September 9 the weekend cattle trade was sleepy with light receipts. Mixed stock sold on arrival with cows topping at 3.65, calves at 4.50, and hogs around 7 dollars.
Taft veto spurs a brisk wool buying week in Boston with an estimated 10 to 12 million pounds traded, lifting total sales since August 19 to 20 to 25 million pounds. Prices stay steady as firms pursue quick turnover and small profits. Other news notes Fort Worth cattle talks and local staff moves in Texas markets.
Cattle sales in Fort Worth on September 9 show feeder weights and prices from several buyers. White & Co at Wills Point sold 29 head for 3.35 per unit. J M Lary of San Angelo reported 155 head at 3.25. Bummerlin & Co in Kerrsee moved 675 at 3.30. GW Sutherland of Houston noted 220 at 5.25.
In Memphis on September 9 the base price for prime cotton seed was 5.33 to 5.34 per unit, meal at 26.50, and linters at 3 1/2 percent.
New York September 9 cottonseed oil prices show close ranges from 6.20 to 6.73 per unit. Quotations list several grades with slight variations, reflecting market shifts in the day’s trading.
Lockhart Texas September reports show a record cotton movement in Caldwell county with wagons on streets day and night and gins running late. The crop looks better than expected and will yield several thousand bales more than last year though farmers await higher prices. Seed planting is stored in available warehouses.
Associated Press notes rough Honduras rice active and steady while Japan nominal and clean rice holds steady on the local rice exchange. Quotations show rough Honduras at 3 40 c and 2.00 3.35 c for Japan, with clean enduras and Honduras prices listed. receipts include rough and millers totals.
New York coffee futures closed steady with the near months near record highs before easing. Early gains suggested no strained September position, while fall months finished easier. Sales reached 106,500 bags with spot steady. Rio No 7 13 ½ cents, Santos No 4 14 ½ cents, Cordova 14–16 cents nominal.
Market report notes cash wheat steady to 1 cent higher with various grades listed, including No 2 red at 88 90 cents and 2 hard at 92 98. Corn futures up about a half cent with No 2 mixed and No 2 white at 65 cents. Oats up a half cent with No 2 white 44 45 and No 2 mixed 42 43. Close prices shown for September December and May contracts for wheat corn.
Chicago trading opened with futures higher as the season's smallest spring wheat crop since 1900 supported gains. December wheat climbed to 97 1/4 cents, corn rose with December at 64 3/4 cents, oats firmed, and pork lard and ribs futures advanced on strong buying.
Chicago and Midwest receipts show wheat 102 cars with 41 contract grade, corn 447 cars with 94 contract grade, oats 148 cars. Total wheat arrivals today at Chicago Minneapolis and Duluth are 752 cars, versus 617 last week and 667 on the same day last year.
Cash grain prices listed by AP include No 2 hard winter at 340 and No 1 northern spring at 118, along with No 2 northern spring 1030 and No 2 spring 97. Velvet chaff 104, durum 101. Corn prices show No 2 and mixed white and yellow bids, while oats list No white at 45 and standard at 44.
Quotations show cash wheat and corn prices higher with No 2 track and hard wheat around 92 to 96 1/2 cents. Corn gains push No 2 eck and white varieties to about 65 to 66 cents. Oats climb with No 2 track near 43 to 45 cents. December and May futures for wheat and corn move higher with mixed exact terms.
Weekend hog receipts reach 800 head with hogs at $7.50 top and bulk around $7.45. Steers and stockers hold at $4.00 to $4.50 and $3.30 to $3.35 respectively. Cows steady at $2.75 to $4.00, calves at $4.00. Slaughter hogs show gains with market steady and no sales kept.
Receipts and prices for cattle hogs and sheep in Chicago show cattle at about 400 head with Reeves at 5.10 to 5.40, steers around 4.40 to 7.00, stockers 3.00 to 5.50, cows and heifers 2.25 to 6.30, calves 6.25 to 9.00. Hogs receipts near 6000 with steady to higher market. light 6.95 to 7.55, mixed 6.90 to 7.55, heavy 6.75 to 7.46, good to choice heavy 6.95 to 7.45, pigs 4.75 to 7.30, bulk 6.90 to 7.30. Sheep receipts about 2600 with weak market. natives 2.25 to 3.90, western 2.50 to 4.00, yearlings 3.90 to 4.70, ewes 3.75 to 6.00, western 4.26 to 6.00.
Kansas City census of receipts shows cattle 300 with steady market. Native steers 5.25 to 8.00, hogs 1500 with strong to five cents higher, bulk sales 7.05 to 7.25, sheep 1000 with steady market. Lambs 4.50 to 6.75, muttons 2.75 to 3.75, range wethers 2.90 to 4.25.
Receipts show 300 cattle 4500 hogs and 300 sheep with steady markets Native beef steers 4.50 to 8.50 cows and heifers 3.00 to 7.50 stockers and feeders 4.00 to 7.00 calves 4.00 to 5.50 hogs pigs and lights 4.25 to 7.00 packers 7.35 to 7.50 butchers and best heavy 7.35 to 7.50 native muttons 8.25 to 9.75 lambs 4.00 steady markets indicate no major shift.
Deputy Tax Assessor Henry Feille recalls camping on the Medina river above Castroville two weeks ago when his party killed several birds. He later learned these were wild pigeons believed extinct, noting the birds resembled passenger pigeons with white wing spots and a size between doves and domestic pigeons.
Heavy selling at the opening pushed prices to new yearly lows for many issues including Missouri Pacific Lehigh Valley Northern Pacific Brooklyn Rapid Transit Amalgamated Copper Reading Southern Pacific Canadian Pacific. U S Steel led declines to 67 1 2 amid broad weakness with occasional rallies during a later trading session.
On September 9 in New York the mercantile paper closed at 414 percent with sterling steady in bank bills at 4.83.25 for sixty days and 4.86.05 for demand. Commercial bills quoted at 4.824, bar silver at 52, Mexican dollars at 45. Government bonds remained steady while railroad bonds weakened.
New York opened steady to 3 points lower amid bearish sentiment among traders. Speculators delayed, awaiting bulls to renew support. By midmorning activity was light and buyers cautious. The market finished barely steady and 5 to 14 points lower on heavy selling.
New York cotton futures opened steady with January at 11.58 and March at 11.70, while May and July hovered near 11.80. September quotes around 11.70 offered, with October and December around 11.4 to 11.61 as the session closed barely steady.
New Orleans cotton futures opened steady to slightly down as rains flood the region and exporters report good spot demand from Bremen and New England mills. Bears pressured prices mid morning while bulls hinted a major southern operator shifted to support, leaving markets 5 8 cents below yesterday at mid session, closing a trace lower.
Futures closed steady with a small decline as September 11.67, October 11.50, December 11.58, January 11.59, March 11.71, May 11.85 positions were cited. Open high low figures noted, and October to May contracts showed varied bids and asks.
Closing spot cotton in Liverpool slipped one point with American middling fair at 7.95 and middling 7.81. Sales reached 7000 bales, receipts 1000 all American. Futures opened quiet and ended steady with values across the contract months from September to May June around 6.1 to 6.2.
New Orleans buyers and sellers set quiet tone with unchanged spot cotton at 75 to arrive 950. Quotes list low ordinary to good middling ranges from 8 7-16 to 12 7-16 with strict levels noted. Receipts total 996, stock 23,926.
The Associated Press reports spot cotton in Memphis on September 9 remained steady with middling grade at 12 tgc.
New York spot cotton finished quiet up 10 points. Middling grades listed at 12.00 for middling and 12.25 for middling gulf with no sales recorded.
Bradstreet's weekly trade summary cites fall festivals and seasonal uptick as factors boosting activity while shoppers hold back on large purchases. Iron and steel show buyer favor yet rail traffic and textile mills rebound slowly. U.S. weekly business failures total 196, Canada 22, reflecting mixed conditions.
The Agriculture Department reports August ginning totals of 421,005 bales, with 438,243 bales ginned by Sept 1 this year, compared with 243,129 by the same date last year. The state crop progress sits at about 67 percent, below the 68 percent national August 28 reading, with 645 correspondents contributing.
The report lists cotton statistics by city including Galveston New Orleans Charleston Wilmington and Wilmington with figures per city. The data appears truncated but indicates regional yields or counts and compares current data to last year.
The document lists yesterday stock 240,685 bales with last week 176,466 and last year 197,247. It notes excess this season at 43,388 and cites locations Houston Texas Augusta Georgia with figures 2.2 es 14,566 and 1,961 respectively.
The ginners report was bearish as expected and left traders unsure after publication. Today the market opened lower and closed near the same level amid nervous selling. A weather map forecast shows heavy rain in Texas and Oklahoma, likely dampening hopes for a crop soon, with insect complaints flaring in exchanges.
Houston cotton market notes spot cotton closed steady at 12.5 cents per pound for middling with a slight decline from prior activity. Market observers cited stable demand and minimal price movement as buyers and sellers paused.
New York trading notes show money on call nominal with time loans steady. Sixty days offer at 3 4 percent, ninety days at 3 1/2 percent, and six months at 3 3/4 percent, reflecting a calm early session.
By the Associated Press in Galveston Texas on September 9 spot cotton is steady with middling grade at 121-16 cents. Sales totaling 200 bales f o b at 1634 units.
Lead stayed at 4.37 and spelerter held firm at 5.85 in late market notices from St. Louis, Sept. 9, reflecting stable trading across metals.
The United States Steel Corporation announced that unfilled tonnage on August 31 stood at 3,695,985 tons, up from 3,584,085 tons on July 31. The report reflects the company’s backlog and production pace for the period.
Sugar prices surge with San Antonio refinements at record levels as prospects point to new highs. Local traders expect Monday sugar at eight dollars and retail at twelve cents per pound amid broader price increases in candies syrups and canned goods.
San Antonio market notes show steady prices for butter eggs cheese and poultry. Per pound rates include country butter 14 20c, fresh country candled eggs 14 15c, various cheeses up to 24c, and poultry values like hens 6 a dozen and turkeys 14 156¢ per pound.
Chicago market prices show butter creamery and daises steady to firm with specific cents per pound. Eggs firm with firsts and prime firsts listed. Cheese steady with several variety prices. Potatoes steady with regional receipts noted. Poultry live prices unchanged for turkeys fowls and springs, veal by weight ranges.
Butter prices show 25 cents for creamery, 23 for firsts, 2 for seconds, packing stock at 164 cents. Eggs list extras 21 cents, firsts 18 cents, seconds 12 cents.
New York egg market firm with one price change. Receipts total 7573 cases as buyers and sellers negotiate values for the day.
Poultry steady with chickens at 10 cents, springs and turkeys 15 to 16 cents, ducks 9 1/2 cents, geese 11 cents. Butter firm with creameries at 20 to 26 cents. Eggs steady at 17 cents.
New York Sept 9 hides easy leather steady wool quiet molasses and rice steady raw sugar strong Muscovado test 5.25c centrifugal 9 6 test 5c molasses sugar 5c sales 50 000 bags February and March shipment new crop centrifugal at 4.85c refined strong
New York September 9 report shows sharp competition in cotton goods with new low prices for fine prints. Jobbing trade remains moderate but steady while silk trade gains modest activity and local wool markets stay quiet.
Weel steady, medium grades, combing and cloth a stock in trade. Light fine textile items remain subdued with Mug fabric and tub washed goods showing minimal activity.
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