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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 16, 1911
Page
7
CATTLE TRADE. 5 FEATURELESS UNION STOCK YARDS, Sept. 16. The week's activities at the local stock yards closed very quietly today with no stock on hand. Receipts were light and demand insufficient to slow a brisk market, as prices advanced all week. Good cows bring from $3.0 to $3.65 with calves from $4.0 to...
Harvesting begins in Concho country and West Texas as rain supports a robust wool clip. Prices may settle around 12 to 14 cents this fall with tariff worries driving sellers to hasten sales. San Antonio remains active for horses and mules while cattle buyers from north and east eyes Texas markets. Prominent buyers W F Blanc of Vermillion Brath La and Austin stockman B W Blocker visit, and B V Caruthers of Alpine checks local cattle prospects.
Rafael Medina visits Floresville stockyards and reports cattle in good condition with strong fall grass prospects. Granger visitor J W Hodges notes changes in ranching, with fat cattle ready for market and a likely heavy Monday consignments. Texas livestock totals run high as ranchers move toward farmer breather and range liquidation continues. Union Stock Yards in San Antonio now dip cattle for tick elimination and ship nationally under government inspection.
A Chicago jobber introduces a new rice-printedBatiste for spring 1912, cutting costs per yard, met by New York converters. Cotton goods trade grows broader and firmer as staples, ginghams, riats and brown cottons sell. yarns rise while velvet and velveteens jump. Local wool market remains quiet with firmer tone.
The Associated Press reports a weak session with declines across grains. Wheat futures fell with December at about 95 1/4 cents and close near 95 1/4 cents. Corn and oats weakened as December contracts slid to 63 1/2 cents and oats hovered around 44 1/2 to 45 cents. Provisions showed little support while early sales included coats at 15.70 75 and lard at 9.15 20.
Quotations today show 99 Wheat cars with 51 contract grade and 273 Corn cars with 85 contract grade. Oats total 172 cars. Wheat receipts across Chicago Minneapolis and Duluth reach 521 today, down from 752 last week and 647 a year ago.
Chicago market report lists cash wheat and corn quotes with grades and cents per bushel. Prices shown include No 2 red winter No 2 hard winter No 2 northern spring and No 2 spring, plus velvet chaff and oats, with ranges and fractions in cents.
The Associated Press notes steadier cash wheat and lower corn and oats. No 2 track wheat sits around 92 to 93 cents, corn 66 to 68 cents for track and white, oats 44 to 47 cents for track and white, with December and May futures showing declines across corn and oats.
Fort Worth Texas September 16 cattle receipts 800 head steer prices 3 to 3.40 cows 2.50 to 4 calves 3 to 5.50 hogs receipts 800 market steady top 7.85 bulk 6.80 to 7.17 dollars.
Chicago livestock prices show cattle receipts around 400, steady market with steers from 4.40 to 7.00, hog receipts about 7000 with light to heavy ranges from 6.65 to 7.40, sheep receipts near 4000 with native and western flocks priced 2.25 to 4.60, yearlings and lambs up to 6.90.
Cattle receipts 600 with native and southern classes showing steady values. Hogs receipts 1500 with bulk sales at 6.80 to 7.20. Sheep receipts none and markets steady with Mattoons, lambs and range offerings priced firm.
St Louis market reports today show cattle receipts 700 with native beef steers 4.65 to 6.00 per cwt and heavy cows 3 to 5.70. Hogs receipts 3200 with pigs and lights 4.75 to 7.00 and butchers 7.10 to 7.30. Sheep receipts 200 steady with native muttons 3.25 to 4.00 and lambs 4.00 to 5.85.
The Arkansas rice crop is expected to total about 2 800 000 bushels on 70 000 acres, per E B Roy general manager of Carlisle Rice Mill. Yield exceeds last year by 400 000 bushels while acreage rises 10 000. Rice demand in summer was strong with New Orleans exports cited to Japan and China, and 1912 may see upward of 100 000 more acres. The Bankers Rice Growing Co of Little Rock bought a 3 000 acre plantation in Prairie county to expand production.
Quotations today were as follows with several grain prices unchanged. Cash wheat and oats show minor shifts while futures for September wheat at 92% to 93% and corn contracts at 60% to 63% hold near late-session levels.
New York on September 16 saw a buoyant opening as prices rose amid light volume. Canadian Pacific led Advancers with 1 percent, while Union Pacific Reading Northern Pacific Missouri Pacific and National Biscuit gained a point. Declines emerged in Atchison and Atchison preferred, but the market found support and closed higher as scarcity of stocks kept shorts nervous and bids flowing.
In New York on Sept 16 mercantile paper closes near 4 percent. Sterling exchange holds firm with bankers bills at 4.83 25 for sixty day bills and 4 86 15 20 for demand. Commercial bills 4 82 1 2 percent. Bar silver 52. Mexican dollars 4 1 2. Government bonds steady and railroad bonds firm.
New York money market notes show money on call nominal with time loans firm. Sixty days at 3 percent, ninety days at 3 percent, and six months at 4 percent, reflecting stable short term lending conditions.
Lead steadies at 4.37 percent while spelter remains quiet at 5.90 as of the St. Louis market report dated September 16.
The New York coffee market closed steady with a net advance of 1 4 points. Trading volume reached 53 000 bags. Spot coffee held firm with No 7 Rio 13 9 16 c and No 4 Santos 14 9 16 c. Mild coffee quiet. Cordova quoted 14 4 9 16 c nominal.
New York opened steady at a 5.6 point decline as Liverpool weakness pressured southern offerings. Traders expected lower prices with limited bull support, but scattered short covering kept the market near the opening level and closed about 13 points lower.
New Orleans September cotton opens steady with a slight decline as poor cables and favorable weather press bears. Short sellers take profits while spot houses remain free sellers and bulk selling for short account appears. End of first half hour shows prices 6 8.5 points below yesterday. midmorning buyers lift 3 4 points but no real strength due to bearish spot outlook and large lot concessions. Weather forecast for Sunday shrouds market in bear sentiment. trailing shorts cling to profits, closing at 5.8 points down.
New Orleans on September 16 reports steady opening for cotton futures with several months quoted or bid. January 11.38 39, March 11.51 bid, May 11.62 bid, September 11.35 41, October 11.30 31, December 11.3% bid.
Closing spot cotton remained steady with slight to no price shifts. American middling fair at 7.74 cents, with sales totaling 4000 bales including 3100 American, and receipts of 1000 bales. Futures opened quiet and finished the day steady across the spread with several nearby contracts quoted between 6.09 and 6.20 cents.
Market notes show middling demand in leading spot markets with uneven activity. Liverpool and New York are quieter while New Orleans Houston and Galveston display small moves and steady ranges amid limited trading.
New York reports sport cotton closed quiet with a five point decline. Middling uplands fetches 11.75 and gulf 12.00, but there were no sales on the day.
New Orleans on September 16 reports spot cotton quiet and unchanged with bids ranging from low ordinary to good middling. Sales estimated from 125 to 120 mainly for ordinary grades. Receipts 2901 and stock 22,079.
In Houston on September 16 spot cotton stayed quiet with prices unchanged at middling 11⅛ cents per pound. Commodities traders watched futures and regional demand as the market paused.
New York market notes movement in cottonseed oil with open and close bids across months September October and December. Prices show minor fluctuations from $7.01 to $7.05 for spot trades and around $6.00 to $6.21 for deferred contracts.
Rough rice unchanged and clean grades steady on the New Orleans rice exchange. Quotations list rough grades unchanged with clean Honduras 3 percent and Japan 2 4 cent. Receipts total 1 729 with 524 from millers. Sales show rough Honduras 6 204 at 2 3 25 cents and clean Honduras 6 477 at 1 bec.
Hides dull leather firm wool quiet rice steady molasses steady raw sugar firm Muscovado 89 test 5.25 cents centrifugal 96 test 5.75 refined sugar rm shows steady tone in municipal report with multiple commodity notes.
R G Dun reports varied responses across sectors with iron and steel orders held by price uncertainty and rising competition. Steel prices fall while structural contracts stay strong and garment, silk, and ribbon trade show improved activity. retail staples tighten and mills run near limited orders.
The weekly statement shows New York clearing house banks hold 23,338,950 in excess reserves, up 709,200 from last week. This reflects a rise in proportionate cash reserve above the required minimum.
The article notes Ruth Roempke remains seriously injured after a collision between a car and a Highland Park street car but shows signs of improvement. Alfreda Roempke may leave Santa Rosa hospital soon, and other injured individuals including J Douglas Bright L J Kelley Riley Walton and Frank Shanks are listed with their conditions. A $600 diamond and a diamond brooch were recovered while Kelley lost papers and nearly $100.
A personal letter from Congressman C. B. Randell to Editor A. R. McColum says Randell will start his campaign for the senate in Waco Texas around mid October. The note confirms the plan as a formal kickoff.
The sugar market stops rising while roasted coffee leads gains with a local 10 point advance and roasters announce further per pound increases. Prospects for coffee prices rise due to a short crop and heavy interior shipments as markets eye new high records.
Dairy and meat market report shows cheese firm with Fancy cream at 12 ½ cents and American Swiss at 24 cents. Imported Swiss 31 ½ cents. Poultry values hold with large hens at 6 dollars per dozen and turkeys at 14 to 15 cents per pound.
Butter prices steady with creameries at 21 26 cents and dairies steady. receipts 6474 cases with some cases included. Cheese steady with various items quoted at 12 to 13 cents. long horns 1 4 c. Potatoes weak. Turkey 14 cents and chick ens 12 4 cents. Veal steady to 60-pound weights 8 ½ to 10 ½ cents.
An old advertisement lists butter at 25 cents, creamery items firsts at 23 cents, seconds at 2 cents, and packing stock at 1 cent, reflecting typical market pricing.
In St Louis on September 1 quotations show poultry firms listing chickens at 10 cents, springs 11 and 6 tenths cents, turkeys 15 to 16 cents, ducks 10 and 6 tenths cents, geese 5 cents. Butter remains steady with creameries at 20 to 26 cents. Eggs firm at 17 to 21 cents.
Westminster British Columbia bank report lists $258000 stolen after safe blowers broke into the Bank of Montreal vault. Amounts include $50,000 in $10 bills and $100,000 in $6 bills with no larger notes taken, plus $20,000 in gold and silver and mixed notes from other banks.
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