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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 14, 1911
Page
11
Stock market weakness persisted with several prominent issues hitting new lows. At OHUWO Ginger Union Stock Yards on Sept 14 cattle trades opened briskly with limited supply, top cows at 3.65 and calves at 4.50. Hog market remained demoralized as heavy supplies of half grown porkers pushed prices down, most sales from 6 to 6.25.
T A Coleman of Encinal a leading cattle raiser consigns three carloads of beef cattle from Cactus Texas to local buyers as part of today’s market. He attends a funeral in Kansas City then plans to return to Encinal. N Brackenridge Langtry goat dealer ships a carload to Karnes City for stocker use. Dr Levi Johnson US Bureau of Animal Industry inspects the new dipping vat and promotes its tick control benefits for the San Antonio region.
F F Ragsdale of Lytle Texas stays at the Southern while visiting the city and discusses live stock activity rising in the Lytle district. Other stockmen H W Rabide J D Wade R J Goodman J D Kendrick and F Welge are in town on business and registered at local hotels.
Receipts at the local stockyards today amounted to eight carloads and included 608 head of livestock. The billings show three cars cattle and calves Cactus to Fort Worth, San Antonio. one car horses Marfa to Shiner, San Antonio. one car horses Tucson to San Antonio. one car goats Langtry to San Antonio. one car horses Haymond to Madisonville to San Antonio. road car horses San Marcos to San Antonio.
The Union Stock Yards San Antonio will dip stock to remove ticks and prepare for shipment beyond quarantine lines. U S government inspectors will issue certificates for all dipped stock, with facilities approved by both federal and state governments.
Prices fell on reports of improved wheat outlook from India and better crops in France and Germany. Declines were seen across corn and oats with selling pressure offset by occasional rallies. hog market firmness supported provisions. December wheat closed lower with a net loss, while corn and oats fluctuated on fresh selling and demand.
Receipts today include 82 wheat cars with 40 contract grade and 256 corn cars with 64 contract grade. Oats total 195 cars. Wheat receipts at Chicago Minneapolis and Duluth reach 535 cars, below last week’s 617 and last year’s 607 on the same day.
Quotations show cash wheat steady with No 2 hard at 92 to 96 cents and No 2 red at 91 to 96 cents. Corn steady with No 2 mixed and No 2 white at 42 to 47 cents and May at 34 to 34 and a half cents. Close prices list December and May futures for both grains.
Associated Press reports Fort Worth Texas market action with cattle receipts 4200 and hogs 900. Steers weak at 4.00 to 5.20, stockers and feeders steady 4.00 to 4.55, cows 2.85 to 3.85, bulls 2.90 to 3.20, calves 4.75 to 6.00. Hogs top 7.60, bulk 6.70 to 7.00.
Chicago market receipts: cattle about 4000, hogs around 12000, sheep near 27000. Cattle ranges include Reeves 4.90 to 8.10, Texas and western steers about 4.40 to 7.00, feeders 3.00 to 5.50, calves to 6.25. Hogs show steady to higher with light 6.85 to 7.37, good to choice heavy 6.85 to 7.30, bulk around 6.90 to 7.25. Sheep strong with natives 2.15 to 4.10, western 2.50 to 4.10, yearlings 3.70 to 4.65, native lambs 4.00 to 5.90, western 4.25 to 6.00.
Kansas City today reports cattle receipts 4500 with steady market. Native steers from 5.25 to 7.90, southern steers 3.80 to 5.50, southern cows 2.75 to 4.50, native cows 2.50 to 4.00, stockers 3.50 to 5.85, bulls 3.00 to 4.25, calves 4.25 to 7.75, western cattle 4.25 to 7.25. Hog receipts 6500 with bulk 6.85 to 7.05 and heavies 6.90 to 7.00, lights 6.85 to 7.10. sheep receipts 4000 with muttons 2.90 to 3.60, lambs and wethers 2.90 to 4.00, ewes 2.50 to 3.75.
Receipts today totaled 3800 cattle with steady prices, 6000 hogs showing a 10 cent gain, and 2500 sheep with a strong market. Native beef steers sold 4.50 to 8.00, hogs ranged 4.50 to 7.35, muttons 3.25 to 4.00, lambs 4.00 to 5.85, and assorted stockers and calves in carload lots 3.00 to 5.50.
Associated Press reports close mercantile paper at 43 4. Sterling exchange easy with bankers bills at 483.50 sixty day and 486.10 for demand. Commercial bills 482 3-4. Bar silver 528-8. Mexican dollars 45c. Government bonds steady, railroad bonds irregular. Money on call steady with bids and offers near 2 1/4. Time loans strong with sixty days 3 1/4, ninety days 3 1/4 1/2, six months 4.
Quotations quoted in St Louis show cash wheat strong with No 2 track red at 92 1 4 to 93 cents and No 2 hard at 96 1 2 to 1.01. Corn remains firm with No 2 track 66 1 2 to 67 1 2 cents and No 2 white 67 to 68 cents. Oats steady with No 2 track 44 1 2 to 45 1 2 cents. December and May futures for wheat, corn, and oats listed with declines for wheat and corn and weakness for oats.
Lead held steady at 4.37 to 4.40 dollars per unit while Spelter remained at 5.90 in a St. Louis market bulletin dated September 14.
New York stock market opened with heavy selling pushing many issues to year lows. United States Steel traded 5500 shares at 66.5, New Haven fell to 128, and declines ranged 1 to 4 points across several rail and steel stocks. Bonds were weak but recovered later as bears circulated distressed credit rumors.
New York opens steady with a decline of one to advance two points and buys a few points above yesterday’s close. Liverpool weak due to favorable weather, market slides to a net loss of about 4.5 points. spot offerings rise in Liverpool while New York and New Orleans hold. midday prices down 2 to 8 points.
New York market notes show dull hides and quiet leather with steady molasses rice and muscovado around 89 test 25 5 37 percent. raw sugar firm centrifugal 96 test 5 7 5 87 percent.
New Orleans cotton futures opened steady with small early gains then slipped below yesterday's close before noon. Traders leaned bearish on weak stock markets despite good demand and favorable crop reports. By afternoon, prices ended roughly steady, ranging from one point down to five points up from yesterday.
Futures opened steady with September at 11.40 48, October 11.32 asked, December 11.35 36, January 11.41 42, March 11.54 55, and May 11.66 67.
Close cotton spot in fair demand with prices up 1 to 5 points. American middling fair 7.76, good middling 7.46, middling 7.16, lower grades 6.76 to 7.02. Daily sales 10,000 bales, 500 for speculation and export, 8,800 American. Receipts 7,000 including 1,500 American bales. Futures drifted easier then closed steady with mixed quotes for nearby contracts.
Liverpool trades steady at 7.16 for 10,000 units while New York remains quiet at 11480 for 40. New Orleans stays steady at 119 for 16 and 700. Houston shows steady at 11% with 1,026 units and Galveston steady at 11% for 148 units.
Memphis report notes spot cotton steady with middling at 12 1/2 cents per pound. Market conditions show no change in price, and trading activity remains subdued as buyers and sellers await broader market cues.
Spot cotton in New York on September 14 closed quiet and 5 points lower with middling uplands at 11.80 and middling gulf at 12.05. Sales totaled 40 bales.
New Orleans spots report steady prices with most grades unchanged. Spot sales reach 700 bales with 350 arriving. receipts total 1481 and stock at 19 769 bales. Prices range from low ordinary at 15-16 to strict good middling at 12 percent and higher grades around 18 3-16.
The market reports that price revisions on dress staple ginghams are nearly finished and orders for spring delivery are being confirmed. Jobbers maintain steady house trade with retailers while cutters note improved business on suits and miscellaneous wear items.
Twenty eight of Louisiana's forty six rice mills merge into the Louisiana State Rice Milling Company with authorized capital of 9.5 million dollars. The new firm will own about two thirds of the state's rice crop and produce around 3,000,000 bags, aiming to raise consumption and unite producers, canal and mill owners under one capitalization.
Houston figures present cotton stock at U S ports with 262 046 bales on stock yesterday 230 599 bales compared with last year 226 969 bales and an excess this season of 35 077 bales across the listed ports in Houston Texas
Cotton farmers nationwide follow the Montgomery conference on crop marketing plans seen as valuable guidance. Louisiana rice growers have adopted the cotton men’s marketing plans for the next crop.
Complaints of pest damage spread through Alabama Mississippi Louisiana and Arkansas as boll weevils strip foliage halt growth and end cotton production in affected areas. Harvest continues with growers wary of shrinking yields and delaying sales if prices falter.
Memphis on September 14 reports prime basis oil at 5.46 to 5.47 per unit with no meal offered and linters at 2 percent to 3 percent.
The Associated Press reports New York cot tonseed oil prices for Sept and Oct contracts with values around 6.59 to 6.06 for Sept and Oct delivery, and values for Nov Dec contracts shown as fractions near 5.85 to 5.89.
New York September 14 Coffee futures closed barely steady with unchanged to five points gains. Trade volume reached 117000 bags. No 7 Rio traded around 18 3/4 cents and No 4 Santos at 14 1/4 cents. Mild activity with Cordova at 14 1/2 cents nomina.
A morning report shows meat prices slipping with hog quotes in Fort Worth and northern markets down a nickel to a dime while the overall meat list remains steady. Lard stays high despite more hogs, flour prices drop to multi year lows, and sugar trends lower with refiners and candy makers raising some prices. Analysts expect further advances in flour and corn products as the market reacts to supply and demand signals.
Canners of peas report deliveries at only forty to seventy percent of contract amounts. This shortage signals a severe pea supply this season and is likely to peak at a record high in many years.
Creamery goods hold steady with cream at 12 1 2 cents and various cheese types ranging from 20 to 31 cents. Poultry values show large choice hens at 6 dollars per dozen, medium hens 5 60 per dozen, springs from 2 40 to 4 50 per dozen, ducks and squabs priced per dozen, turkeys 14 to 16 cents per pound.
Chicago market report shows butter creamaries at 21 36c and 18 24c for dairies, eggs steady with 4728 cases received, cheese prices steady, pork and poultry values firm with turkeys and fowl prices around 12 14c, veal held at 9c for various weight ranges.
Fragmentary OCR shows butter at 25 cents, creamery lines, eggs extras 21 cents and firsts 18 cents, packing stock 164 cents. Incomplete figures indicate a rural market update with dairy and egg pricing.
New York market bulletin shows receipts of 15 660 cases on September 14 with fresh ga extras priced at 25 per dozen.
The Associated Press report from St Louis on September 14 lists poultry prices with chickens at 10 cents, ducks at 10 cents and geese at 10 cents, butter steady at 26 cents, eggs firm at 18 cents, and springs at 111 20.
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