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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 13, 1911
Page
11
UNONSTOCK YARDS Sept 13 hog market weakened as supply exceeded demand. Prices around 6.25 for most sales, top corn feds failed to reach 6.75, cows topped at 3.65, calves at 4.50, cattle market brisk with strong demand for high grades. Sheep and goats offered late, buyers focused on cows.
The hog market showed a sharp decline after early highs with Fort Worth and other centers down days. Sabinal stockman J T Goforth and Burnet rancher J W Kinchloe discussed trade, rains improving grazing and ongoing cattle shipments as buyers from multiple states inspect stock hogs.
Sid Peterson says Kerrville region fairs the weather and a good rain is badly needed. Pasture cattle are doing fairly well but the range is very dry with little shipping activity noted.
F. R. Brisko of Devine Texas visited the stock yards today and spoke with optimism about agriculture, focusing on the cotton crop as his preferred topic over cattle. He described cotton prospects as more agreeable and promising at the moment.
A party from Kenedy led by P. B. Butler W. B. Butler and Albert Butler arrived at the Maverick and will stay several days. Cattlemen Vane Crozier and Will Baldridge of Waelder are visiting the Cattlemen's exchange and are registered at the Maverick. Union Stock Yards San Antonio now dips stock to remove ticks with government certificates. facilities approved by federal and state authorities and ready for shipments beyond quarantine.
Prime basis oil quoted at 546 with price 5.47c per unit. Meal not offered. Minters 2 percent priced at 3 1/3 cents. Location is Memphis Tennessee dated September 13.
Cottonseed oil quotations listed by the Associated Press show varied prices with multiple figures including near six dollar ranges. The report presents closing and bid values for different grades and times, reflecting fluctuating market activity.
New York buyers faced a barely steady market with a net decline of 3 to 13 points in yesterday's coffee futures trade. Sales reached 49,750 bags while spot prices remained steady with No. 7 Rio at 18 1/2 to 18 3/4 cents and No. 4 Santos at 14 1/2 to 14 3/4 cents, Mild. Cordova quoted 14 1/2 to 16 1/2 cents nominal.
Wheat prices fell after a bearish French crop estimate of 320 million bushels vs 268 million last year. Market depth showed December around 96 1/4 cents, with futures and cash markets mixed but generally firmer on late trading led by corn and hogs.
Chicago market report shows today’s receipts and shipments for flour wheat corn oats rye and barley. The data lists figures in barrels and bushels with notable surpluses in corn and wheat compared with prior shipments.
Receipts today show 152 cars of wheat with 83 percent contract grade, 411 cars of corn with 138 contract grade, and 212 cars of oats. Total wheat arrivals at Chicago, Minneapolis and Duluth reached 648 cars, versus 805 last week and 606 on the same day last year.
Chicago cash grain quotations list prices for wheat corn and oats. No. 2 red winter No. 2 hard No. 1 northern spring and other wheat grades with ranges. Corn oats and durum values shown for No. 2 white No. 2 yellow No. 2 oats and standard oats.
St. Louis wool market features strong demand with mid grade combing and clothing wool quoted at 19 21/4 cents per pound and light fine at 17 20 cents. Heavy fine wool brings 14 15 cents and tub washed at 26 8 1/2 cents.
Fort Worth Texas September 13 cattle receipts 4500 steers steady 405 to 450 stockers and feeders 350 to 450 cows steady 250 to 425 bulls strong 250 to 325 calves weak 450 to 600 hogs receipts 1750 market 5 to 10c lower top 7 45 bulk 6 95 to 7 35 sheep receipts 250 market steady lambs and yearlings 4
Receipts estimate for cattle 17 000 with a slow to steady market. Prices Reeves five dollars to eight ten, Texas steers four forty to six forty, western steers four to seven, stockers and feeders three to five fifty, cows and heifers two twenty five to six thirty, calves six twenty five to nine twenty five. Hog receipts about 20 000 with a weak to five cent decline. Light six eighty five to seven forty six, mixed six eighty to seven forty five, heavy six sixty five to seven thirty five, are six sixty five to six eighty five, good to choice heavy six eighty five to seven thirty five, pigs four sixty to seven ten, bulk six eighty five to seven twenty five. Sheep receipts about 35 000 with steady market. Native two fifteen to four, western two fifty to four, yearlings three seventy to four sixty, assize lambs eight eighty five to five seventy five, western four twenty five to five seventy five.
Cattle for sale totals 11 000 with 2000 southerns. native steers 5.25 to 8.00. hogs receipts 10 000 and market 5 cents lower with bulk 6.90 to 7.15. sheep receipts 15 000 with steady market. Muttons 2.90 to 3.60. lambs 4.25 to 5.45. range wethers 3.00 to 4.00. ewes 2.50 to 3.75.
Receipts 4800 cattle including 1000 Texans, market steady with beef steers 4.50 to 8.00, cows and heifers 8 to 5.70, stockers 3.00 to 5.50, Texas steers 4.00 to 7.00, calves 4.00 to 5.50. Hogs receipts 4500, market 5 cents lower, pigs 4.50 to 7.15, packers 7.10 to 7.25, heavy 7.00 to 7.25. Sheep receipts 4000, market steady, ewes 3.25 to 4.00, lambs 4.00.
Frank Randolph of Crowley Louisiana arrived in Montgomery to discuss marketing rice with southern cotton growers and the Rice Association of America. He outlined plans to market through one head, aiming for a fair price for about six million sacks annually.
Close mercantile paper at 4 percent. Sterling exchange steady with bankers bills at 4.83 50 for sixty days and 4.86 10 for demand. Commercial bills at 4.82 1/2. Bar silver 52. Mexican dollars 45. Government and railroad bonds mixed. Money on call 2 1/4 percent with time loans firmer.
New York reports steadier cotton tools markets with moderate new spring business in ginghams percales and fancy goods. Jobbers maintain steady house trade. Silk foulards shown for spring by a few large houses while the men’s wear trade stays quiet.
New York and New Orleans markets slide modestly while Liverpool falls. spots hold steady with minor gains. Houston and Galveston unchanged as the market trends steady after early declines and heavy selling ahead of the National Gunners report amid Wall Street weakness.
New Orleans Sept 18 cotton futures opened quiet with a net decline of 2.4 points on indifferent cables and a weather map. After a dull morning, prices fell to 4.5 points under yesterday by midmorning then rose to 1.3 points above prior quotes before noon. By afternoon, trading remained dull and prices slipped again.
Associated Press reports cotton futures in New Orleans opened quietly on September 13 with September at 11.43 45, October 11.83 asked, December 11.34 36, January 11.41 42, March 11.54 bid, and May 11.65 67.
Close cotton spot moderate business done with prices down three points. American middling fair 7.75, good middling 7.41, middling 7.11. Sales day total 8000 bales, 6100 American, 500 for speculation and export. Receipts none. Futures opened dull and closed firm with varying spreads across the curve.
Liverpool steady at 7.778 million while New York quiet at 111.86.0 percent. New Orleans quiet at 119-16 500. Houston steady with 11 percent decline. Galveston quiet at 11 percent.
Spot cot ton closed steady 3-16¢c off with 300 to arrive 315. Grades ranged from low ordinaries at 8 1-8c to strict good middling at 12 1-8c. Receipts were 1288 and total stock stood at 18,226.
Local roasters have notified the trade of a fractional advance on all packaged coffee grades due to the sugar and coffee market surge. San Antonio roasters report higher quotations with local demand steady and expectations of higher prices through winter, while some fear substitutes may emerge if costs stay elevated.
Montgomery report cites a national cotton yield of about 12,500,000 bales for year with state figures showing Alabama 1,100,000 Arkansas 900,000 Florida 60,000 Georgia 1,800,000 Mississippi 1,200,000 North Carolina 650,000 Oklahoma 600,000 South Carolina 1,215,000 Tennessee 350,000 Texas 2,960,000 California 12,000 Louisiana 300,000 Missouri 60,000 and other states 4,000.
Cotton receipts show Houston at 16 598 bales and Memphis and Lil Augusta with smaller totals. Interior receipts compare with last year and last week, listing stock levels and year over year excess. Two Lovers in Five notes in Europe reveal 500 American brides of noblemen with about 200 divorced or separated.
Spot cotton in New York on Sept 13 finished quiet with middling inland at 11.85 and middling gulf at 12.10 per hundredweight. No sales were recorded.
Memphis market report notes spot cotton declined by 1 8 cent while middling cotton held around 12 cents per pound as traders assessed futures and local demand.
Hides easy as leather firms and wool stays quiet. Molasses and rice hold steady. Raw sugar firm with Muscovado at 83 to 96 tests. centrifugal at 5.75 cents. molasses-sugar 89 test at 5.00 cents. Refined sugar remains firm.
The report notes expected flour price advances amid a potential crop shortfall and abundant tomato pack in Indiana. Egg butter and poultry markets remain firm with steady to higher quotations as cold storage and fresh supply compete. Dairy products rise with butter cheese and refined lard also climbing, signaling broader cost increases.
Market notes show stable wholesale prices in San Antonio with eggs steady and cream and butter holding. Cheese varieties such as American Swiss and Limburger listed with per unit pricing, poultry items including hens, springs, ducks, and turkeys given by dozen or pound.
Butter steady with creamery quot. 21 26 cents. daisies 18 21 cents. eggs steady at 14 17 cents with prime firsts 19 49. cheese firm with Daisies 13 percent and Long Horns 13 4 cents. potatoes steady with Minnesota Wisconsin Michigan receipts 42. turkeys 14 cents and springs 12 cents. veal steady 50 to 110 pound weights 8 10 cents.
New York reports steady egg receipts of 15 540 with unchanged prices. The market fell sharply in the second hour as speculation on possible dividend cuts spread through large system earnings. Missouri Pacific, New York Central, and Smelting drop to near 1908 lows as bonds ease and selling suspends briefly before a minor rebound.
Quotations today show butter at 26 cents for creamery firsts 23 to 30 cents, seconds 21 cents, packing stock 16 1/2 cents. Eggs quoted extras 2 1/2 cents, firsts 13 1/2 cents, seconds 11 1/2 to 12 1/2 cents.
Quotations today show Chickenside prices at seventeen to eighteen cents for fowl and turkeys fifteen to sixteen cents, ducks nine and a half cents, geese five cents, creamery butter at twenty to twenty six cents, and eggs up eighteen cents.
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