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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 12, 1911
Page
9
Cattle traders were on the local pens in full force at opening. Prices matched Monday best, with cows topping at 3.50, heifers to 3.65, calves to 4.50, and general around 4. Hog trade subdued after yesterday’s weakness, with hogs not exceeding 6.50.
Prominent Guthrie cattleman L C Morledge reports a third of Osage cattle sold this year while stockmen lag in shipments. In Noble county the Ponca Otoe district will soon exceed the federal quarantine line after tick eradication. Texas forage bulletin No 20 issued. Westhoff stockmen visit. Turneaux Brothers ship nine carloads to Fort Worth for Oklahoma stockers. Union Stock Yards San Antonio ready to dip stock for exemption and shipment above quarantine line.
Chicago reports show Winnipeg receipts weighing on wheat with rumors of a leading speculator selling a large line. December opened around 96 3/4 cents, drifted lower, then firmed near the close at 94 3/4 to 96 1/4 cents. corn and oats followed wheat’s weakness while hogs lifted packs.
Receipts today show 165 cars of wheat including 57 contract grade, 590 cars of corn with 170 contract grade, and 339 cars of oats. Total wheat receipts at Chicago Minneapolis and Duluth reach 914 cars, versus 1362 last week and 658 on the same day last year.
Chicago quotations show cash wheat at No 2 red 92 to 93 cents, No 2 hard winter 95 to 97? cents, No 1 northern spring 1.05 to 1.08, No 2 northern spring 1.03 to 1.07, No 2 spring 97 to 1.04 dollars, oats No 2 white 44 to 45 cents, standard 44 to 45 cents. The report lists various wheat grades and oats with bid and ask ranges.
Quotations show cash wheat steady to slightly higher with No 2 hard at 91 96c and No 2 red at 90c Corn unchanged with No 2 mixed at 65% and 66% cents Per bushel listed for various grades Close figures include wheat at 90¢ for nearby and 94 4 for December while corn ranges 61 6 to 65 46 cents for December and May
Fort Worth Texas cattle receipts reach 4000 with steers and cows steady and calves active. Hogs drop 5 to 10 cents, bulk hog price quoted at 7.00 to 7.35, while sheep receipts 350 show steady markets. Cattle, stockers, and bulls hold steady ranges across the board.
Cattle receipts 17 000 steady to weak with native steers 5.25 to 8.00 and southern steer 5.25 to 8.75. hogs 11 000 steady with bulk 7.10 to 7.30. sheep 16 000 steady with muttons 3.00 to 3.60 and lambs 4.25 to 5.50. Prices vary by class and region reflecting current market conditions.
Cattle receipts 4800 including 1000 Texans, market steady with 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, calves 4.00 to 5.60. Hogs receipts 12,000, market steady with pies and lights 4.50 to 7.00 and best heavy 7.15 to 7.35. Sheep receipts 1200, market steady with muttons 3.25 to 4.00 and lambs 4.00.
Chicago on September 12 reports cattle receipts around 6000 with prices from 2.25 to 9.29 for calves, hogs with receipts near 11000 and prices between 4.60 and 7.50, and sheep receipts near 35000 with western and native listings from 2.15 to 7.65. Market overall described as weak across cattle hogs and sheep.
Portland ore September 12 The drop in flour prices while wheat rises is discussed as millers in Portland and Puget Sound cut prices. Flour now quoted at four dollars fifty cents per barrel, the lowest opening price in four years.
The Associated Press reports New Orleans market notes for Honduras rice showing strong, active, clean bids and steady prices. Receipts total 9712 with millers at 1245 and sales including 4812 rough Honduran at 2.50 to 3.85 cents, 416 old Honduras at 2.60 to 2.42, and 3.50 for Japan rough. Clean Honduras priced around 2.50 cents.
Wall Street rose and fell with notable activity across rails and industrials. Reading Pennsylvania Lehigh Valley and Union Pacific led intraday moves while Missouri Pacific and International Harvester posted losses as traders covered shorts and priced in a bear raid.
The AerosaFe press reports on the lead firm at 4.40 and the spelter firm at 5.95 with quoted values. The brief item notes price levels and market activity as of September 12 in St Louis.
New York opened steady with a 1 to 2 point loss, then rose to a 2.4 point midmorning gain on December demand and bull broker support. Spot activity remained quiet with middling upland at 11.80, and a private crop outlook report showed an 8 percent deterioration since August 25 despite favorable weekly weather.
New Orleans cotton futures opened steady with a 2.8 point decline as bearish sentiment grows. Cables show indifference amid political unease and large midweek movement toward 300000 bales, with short selling dominating and a cautious undertone across the morning session.
Futures markets opened steady with September at 11.45 50, October at 11.31 32, December 11.34 bid, January 11.39 40, March 11.61 52, and May 11.61 638 reflecting cautious early trading.
Closing spot cotton eased nine points with American middling fair at 1.79 and good middling at 7.45. Sales reached 8000 bales, mostly American, receipts 9000 including 8600 American. Futures opened quiet and closed steady with several forward contracts quoted between 6.09 and 6.14.
Middling sales in Liverpool and Houston steady with modest gains. New York and Galveston show mixed action with quiet to easy readings. New Orleans remains easy as market phrases hint at small shifts in early trading.
Memphis market reports spot cotton steady at middling 12 cents per pound as of September 12, with prices unchanged from prior readings.
New Orleans on September 12 reports spot cotton prices with varying grades and nominal figures, including low ordinary 85-16, ordinary 94% nominal, good ordinary 109-18, and middling ranges up to 12 percent. Receipts total 626 with stock on hand noted as 13.
A week of uneven rainfall left large areas of Texas dry while scattered stations in the region saw showers. The heaviest totals neared two inches in parts of Texas, Oklahoma, Arkansas, Louisiana, Mississippi, Alabama, Georgia, Florida, and the Carolinas, with Calico Rock reporting the greatest weekly amount.
New Orleans cotton exchange will vigorously oppose the Texas railroad commission plan to cut export rates from Texas points to Galveston and New Orleans. The interstate commerce commission may be asked to intervene as lines move toward a ten cent per hundred weight reduction to favor Galveston. A freight rate committee meeting is scheduled for today.
The San Antonio and Aransas Pass railroad handled 44,881 bales of cotton in August, up from last year by over 3,000 bales. Dry weather aided picking and rapid marketing, with divisions showing higher shipments in several routes led by Houston to Yoakum and Edgar to San Antonio.
Memphis cotton seed market notes on September 12 show prime basis for meal at 26.50 dollars per hundredweight and linters at 2 percent, with a reference to $460 as a price indicator.
New York financial notes show cottonseed prices quoted with slight shifts and mercantile paper at 4 percent prime. Sterling exchange remains steady with bankers bills at 4.83.50 for 60 day bills and 4.85.15 for demand. Government and railroad bonds hold firm as money markets show steady call and time loan rates.
Dry goods trade picked up in New York after new price names for ginghams. Jobbers reported steady house trade with yarns showing active but irregular demand. Novelty dress goods in woolens were in better demand, signaling cautious optimism in the market.
A garbled OCR fragment mentions fires near St Rathient involving oats and tub washing by Sons. The readable items include fire and agricultural context with unclear details about location and cause.
The sugar market gains five cents per hundred pounds pushing local prices to 7.55 and retailer to consumer margins to 10 cents per pound while outlook remains bleak with refiners selling little. Candy makers fret as Christmas demand nears and candy prices edge up. Coffee roasters report firmer prices and scarce Peaberry stock as quality grades advance unexpectedly. Prune crop forecasts show complex regional totals with early picking in California and Serbia.
Market notes show butter at 14 to 20 cents per pound with cream at 12 and 20 cents for brick and Swiss cheeses. poultry values hold firm with hens at 5.50 to 6.00 per dozen, springs 3.25 to 4.50, ducks 5.50 to 6.00 per dozen, and turkeys 14 to 15 cents per pound. Eggs remain slow but steady.
Butter and cheese show little movement with steady tones. Creameries report 21 26 and 18 for daisies, with receipts of 6614 cases. Poultry live prices firm with turkeys at 14c and fowls at 12 ½c, veal weights steady in various ranges. Potatoes remain steady with Minnesota prices at 1.00 to 1.05 and Wisconsin Michigan 90 to 95c.
Quotations today list poultry near 10 to 15 cents for various items, butter from creamery at 20 to 26 cents, and eggs at 174 cents. The report notes specific prices for chickens, turkeys, ducks, geese, and butter and eggs as of September 12 in St Louis.
New York markets report eggs trading steady with eight cent movements unchanged. Receipts total 17454 cases reflecting current supply and demand dynamics in the region.
The Associated Press prices show butter at 26c, firsts 23c, seconds 21c, extras 21c, with other creamery items noted. The brief excerpt ends mid listing, indicating a market price snapshot for dairy goods.
New York futures slipped with a net decline of 3 to 13 points after a day of trading. Trade volume reached 49,750 bags while spot Rio No 7 traded at 13 1/2 cents and Santos No 4 at 14 1/4 cents. Mild weather kept market quiet.
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