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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 15, 1911
Page
13
Cattle buyers found very little stock to interest them at the opening of the local market with a slow and disagreeable start. Hog pens were demoralized as packers ran full and many half growns remained unsold, prices slipping from a quarter to half a dollar, top hog at 6.50 while most sales hovered around 6.00.
L C Porter reports cattle in his Midland area in fine shape after a heavy rain but notes 26 fat cows were stolen since July. Fifteen carloads of fat cattle leave Barnhart for Kansas City as stockmen anticipate lighter movement due to rain. hog shipments and San Antonio dipping yards described with government-certified tick dipping facilities and readiness to ship above the quarantine line.
Fr GC Wynn of Brownsville Texas stays at the Southern hotel as he plans to transact business before returning home. J D Allen among visiting stockmen at the Cattlemen's Exchange expresses optimism that cattle prices rise after spring. J W Reed of Uvalde visits stockyards and calls San Antonio the growing Texas market for cattle shippers.
H W House of Uvalde V A Johnson of O Harris and H K Wood of Moore Tex prominent stockmen registered at Southern hotel. J M Vella from Mission Tex calls stockyards to buy calves. B E East of Alice with family at Menger noted ranchman. J J Little Pearsall goat raiser stays days. Co M Bordwell El Cande ranch at Maverick. Julius Schwartz Schulenburgh in city. Hebbrowville's Henry Bolds rancher at Bexar.
Hides dull and leather firms noted as wool and molasses hold steady. Rice and raw sugar firm with Muscovado 89 test to 96 test, centrifugal at 6.7. Market tone remains steady though demand muted for cattle products.
The cotton market opened steady with gains of 2 to 6 points and rose to 11.49 cents for December on bullish support. By midmorning, prices cooled slightly from the peak, while overall demand remained modest and spot middling uplands stood around 11.85 cents.
Chicago quotes show wheat weakens as Winnipeg receipts rise and Russian offers at Liverpool exert pressure. December contracts fall from opening and pare losses, while corn rallies slightly though early slumps before steadying. Oats edge up after initial drop as market trims gains and traders reassess prices.
Wheat finishers show 71 cars with 31 contract grade, corn 218 cars with 67 contract grade, oats 162 cars. Total receipts at Chicago Minneapolis Duluth today reach 657 cars versus 420 last week and 655 a year ago.
Chicago cash grain prices list bids for wheat corn and oats by grade and quality. No. 2 red winter ranges 93 to 96 cents. No. 1 northern spring around 1.04 to 1.07 per bushel. durum and other spring wheats noted. Corn and oats prices shown for multiple grades with fractional cents indicated.
Market brief shows cash wheat steady to firm with No 2 hard at 92 to 97 cents and No 2 red at 91 cents. Oats offered at 44 to 47 cents for various grades. Close prices list December wheat at 98+4 to 98 and May at 98 1/4 cents, December corn at 68 cents and May at 64 cents.
Fort Worth Texas market report shows hog receipts 900 with prices steady to lower and top at 7.35, bulk 6.85 to 7.25. cattle receipts 2800 with steers 3.80 to 4.70, stockers and feeders 3.25 to 3.70, cows 2.65 to 4.10, bulls 2.66 to 8.25, calves 4.25 to 5.75. sheep 275 with ewes at 3.60.
Receipts and prices for cattle hogs and sheep filed from St Louis on Sept 15 show 10000 cattle including 200 Texans with prices from 4.50 to 7.00 for beef steers feeders 3.00 to 5.50 Texas and Indian steers 4.00 to 7.00 cows and heifers 3.00 to 6.00 calves in carloads 4.00 to 5.00. Hog receipts 8000 steady with pigs and lights 4.60 to 7.00 packers 7.06 to 7.10 butcher and best heavy 7.10. Sheep receipts 1600 steady native muttons 3.25 to 4.00 lambs 4.00 to 5.85.
Cattle receipts about 2500 with steady market. Hogs receipts around 12000 with slow to weak demand. Sheep receipts near 12000 with market steady. Prices vary by class with ranges for beeves Texas steers western steers and feeders. hogs from 6.65 to 7.40. sheep from 2.26 to 5.90, including yearlings and natives.
Cattle receipts 1500 all southerns steady with native steers 5.25 to 8.00 south ern steers 8.80 to 6.69 native cows and heifers 2.50 to 7.00 feeders 3.50 to 5.80 calves 4.50 to 7.75 western steers 4.50 to 7.25 western cows 2.75 to 4.75. Hogs receipts 3500 steady to weak with bulk 6.85 to 7.05 packers and butchers 6.85 to 7.10 lights 6.85 to 7.10. Sheep receipts none steady mut tons 2.90 to 3.60 lambs 4.25 to 6.50 range wethers and yearlings 3.00 to 4.25 range ewes 2.50 to 3.75.
New Orleans reports steady demand for rough rice with receipts totaling 9529 rough, 3359 clean, and 1169 movers. Sales include Honduras rough 8114 at 1.26 to 3.26 per unit and Japan rough 286 at 3.26 to 3.76, with clean Honduras 6134 at 1.4 and Japan 358 at 2. Ac prices and quotings show Honduras and Japan unchanged, clean Honduras at 3.4 to 4c, Japan at 2.3 to 4c.
New York market reports coffee futures closing barely steady with last prices not unchanged to six points lower. Trading volume totals 54000 bags with spot prices steady for No 7 Rio at 18 and No 4 Santos at 14. Cordova mild coffee quoted at 14 to 16 cents.
The China market buys heavily of heavy sheetings for the upcoming November December shipment. Gingham trade is brisk for spring deliveries. Jobbers report strong activity with southern retailers and miscellaneous distributors. Yarns show a slight uptick in demand.
Wheat cash and futures mixed with firm tones on No 2 track red and hard varieties. Corn prices quoted for No 2 track and white grades with slight gains. Oats show varied bids across No 2 timok and No 2 white categories amid quiet trading.
In New York on September 15 prices for hides and wool were quiet while leather stayed firm. Raw sugar maintained steady levels with Muscovado and centrifugal varieties in the 5.25 to 5.87 percent range and refined sugar remaining firm. Molasses also held steady.
New York on September 15 reports Prime mercantile paper at 4 percent. Sterling exchange remains firm with bankers' bills at 4.83.30 for sixty days and 4.86.15.20 for demand. Commercial bills 4.82. Bar silver 52. Mexican dollars 45. Government bonds steady, railroad bonds irregular.
New York money on call remained steady at about 1 2 percent, with the ruling rate and closing bids near 1 2 percent and offers around 2 percent. Time loans held steady for sixty days at 3 percent, ninety days at 34 percent, and six months at 3 percent.
In St. Louis on September 15, wool markets show unchanged medi grades for combing and clothing at 19 21 cents, light fine 17 20 cents, avy fine 14 15 cents, and tub washed 26 cents.
The morning cot ton market shows steady opens and closes with futures for January at 11.41 to 11.49, March 11.55 to 11.56, May 11.64 to 11.65, July 11.65, October 11.34 to 11.83, and December 11.44, reflecting a narrow trading range as traders weigh supply demand dynamics.
The New Orleans cotton market opened steady to higher as favorable weather and bullish cables from Liverpool aided gains of 2 to 4 points. By mid morning hedging and late buying for long positions pushed prices 5 to 6 points above the prior close, then around noon momentum slowed as hedge selling reemerged and spot demand strengthened. Egyptian crop reports of reduced holdings due to cold weather supported the upward drift, with prices noon at 7 to 9 points over yesterday.
The market quotes September at 11.43 bid and October at 11.87 asked, with December at 11.38 bid and 11.39 offer. January notes 13.44 bid and 11.46 offer, March at 11.57 bid and 11.58 offer, with May futures at 11.69 bid and 11.71 offer.
Liverpool cotton market reports closing prices up two points with American middling at 7.484d and good middling 7.484d. Sales reach 8000 bales including 7100 American. futures start dull then close steady with rates across the securities from September through May near 6.1 to 6.7 pence per pound.
New York on September 15 notes a quiet cotton market with middling uplands at 11.80 and middling gulf at 12.00. No sales were recorded.
Memphis on September 15 reports cotton spots steady with middling prices at 120. The brief market note notes no change in the day’s quote and signals stable trading conditions for cotton buyers and sellers.
New Orleans on September 15 reports steady spot cotton values with 550 bales sold for immediate delivery and 1 125 bales on the way. Quotations list various grades from low ordinary at 8 1 8c to good middling at 11 11 16c, with receipts at 815 and stock at 20 716.
Memphis market notes on cotton seed products dated Sept 15 show prime basis oil at 5.20 cents per unit with no bids, linters at 2 to 3 cents, no other offerings.
New York cottonseed futures report lists Sept and Oct contracts with opening and closing ranges. Notable figures include Sept close around 6.64 to 6.70 and Dec around 5.89 to 6.00, reflecting early session volatility.
The last regular cotton condition report of the season will be issued by the Crop Reporting Board of the Agriculture Department on October 2 at noon eastern time and will reflect the crop condition on September 25. It will be followed by two census reports detailing supply and distribution to August 31 and ginning figures to September 24. The total 1911 production estimate will be released in December.
In Bartlesville Oklahoma on September 15 crude oil jumped to 50 cents per barrel the highest in four years. The increase was 2 cents with Prairie Oil and Gas Company first to set the 50 cent price followed by Texas Pipe Line and Gulf Pipe Line.
Liverpool weekly cotton statistics show total imports 18 000 bales with American 10 000. Total stock 281 000 with American 188 000. Total American forwarded 54 000. Exports 3 600.
Col J T Dickinson reports the Corpus Christi to San Antonio highway should become a reality within six months barring interference. He calls it a key project for regional development and links to San Antonio as a major tourist destination. Edwards J L, 22, died at 9:30 am at 114 Pierson Street. body to Flatonia with burial at family lot. Sloan and Hagy prepared the deceased.
Sugar market faces standstill with expected decline next week as refiners catch up and demand stabilizes. California pink beans and New Mexico apples anticipate strong shipments, while a fresh New crop stock eases prices. California stock competition may sharpen with cheaper transport. Puget Sound salmon pack forecast at 750,000 cases, canning ending this week.
Creamery per pound prices show no change with butter steady and cheese firm. Fancy cream brick sold around 13 to 60 cents. Swiss and Limburger priced near 20 to 31 cents per unit. Poultry values hold with large dozen at 6 dollars, medium hens 5.50, springs from 3 to 4.50 per dozen, guineas about 8.25 to 8.30, ducks 5.50 to 6.00 per dozen, and turkeys 14 to 16 cents per pound.
Quotations from Chicago markets show steady butter and cheese with several grades, firm eggs with varied prices, weak potatoes across Wisconsin Minnesota and Michigan, and steady poultry and veal prices for limited weight ranges. Receipts and grade listings accompany the market report.
Newswire report from New York on September 15 notes egg receipts were steady at8 0 or 800? cases kept flat with little movement. Prices unchanged as handlers assess supplies across markets.
In St. Louis on September 15 prices held firm for poultry and dairy. Chickens were 20 cents, turkey and duck quotes around 15 to 16 cents and 10.5 cents respectively. Butter at 20 to 24 cents and eggs reported firm at 17 to 21 cents.
F M Dechman, a local coffee roaster, will leave next week for Guatemala, Nicaragua, Panama and other parts of Central America to personally inspect coffee plantations. He awaits steamer schedules and expects to be away about four months.
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