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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 21, 1911
Page
11
At Union Stock Yards on September 21 buyers showed brisk demand for cattle with calves declining. Best lights around 4.50, general prices 4.00 to 4.26. Choice butcher cows up a dime to 3.65, bulk 3.25. Hogs traded slowly as buyers aimed near 6.00. overall hog activity remained weak.
Stockyards talk from Nixon and Floyd county traders notes dry country conditions yet cattle prices stay high in San Antonio. Captain Tom Montgomery limits calf numbers but praises quality bulls and registrable cows. J. W. Culley at the Cattlemen's exchange says little but wishes for better conditions.
Among the cattlemen with stock for sale were B. C. Goar Burney A Leck Castroville and John Barkley Kerrville. Also in the city on business and registered at local hotels were Rafael Medina Floresville E R Jenson Hebronville G F Hethcock Lytle K S Trulove Sabinal J H Calhoun Cureo H W Rabeck Pilgrim J E and B M Stevenson Del Rio C J and J S Monkhouse Hondo N A Tone Nixon and E Garcia Laredo.
The Union Stock Yards in San Antonio announce dipping of stock to remove ticks and prepare for shipment beyond quarantine lines. Certificates issued by the U S government inspector for all stock dipped at this point. Facilities approved by both federal and state authorities with enlarged space, water, and feed during dipping.
An examination notes 85 three foot gauge railways operating on the North American continent linking livestock movement and regional markets. The piece highlights the prominence of narrow gauge lines in cattle trade, with discussions of routes and potential economic impact for farming areas.
Wheat traders held a waiting stance as Canada votes on reciprocity. Prices opened mixed with Dec futures around 95 to 95.5 cents, corn slipped to about 63 to 64 cents, and oats stayed largely flat. Provisions firmed on strong hog prices with pork around 15.12, lard 8.92, ribs 8.00.
Receipts today totaled 727 cars across Chicago Minneapolis and Duluth with 158 cars from contract grade and 103 cars from other grades. Last week showed 535 cars and the previous year 656 cars for the same day.
Associated Press reports today cash grain quotes from Chicago with wheat prices for No 2 red No 2 hard winter and No 1 northern futures. Corn No 2 values and No 2 white and yellow prices, oats for No 2 and standard contracts listed.
New York on September 21 reports eggs steady with prices unchanged as receipts reach 14 532.
Fort Worth Texas on September 21 reports cattle receipts at about 4200 with steers $4.50, stockers and feeders $3.75 to $4.60, cows $2.75 to $4.25, bulls $2.15 to $3.25, calves $4.50 to $6.25. Hogs receipts 2250 with market steady to five lower. top $7.20, bulk $6.50 to $7.10. Sheep receipts 500 with Wethers $4.25 and steady market.
Cattle receipts about 5000 with slow demand. beeves 4.80 to 6.10, Texas steers 4.50 to 6.30, western steers 4.25 to 7.10, stockers 3.15 to 5.80, heifers 2.25 to 6.25, calves up to 6. Hogs receipts around 15000 with steady trade. light 6.60 to 7.15, mixed 6.45 to 7.15, heavy 6.40 to 7.07, pot pigs 4.25 to 6.50, bulk 6.70 to 7.00. Sheep receipts about 30000 with slow to steady trade. natives 2.25 to 4.25, western 2.50 to 4.35, yearlings 3.70 to 4.65, native lambs 4.00 to 6.00, western lambs 4.25 to 6.25.
Quotations show steady cattle hog and sheep markets in Kansas City with receipts 5000 cattle including 700 southerns and 8000 hogs. Native steers 5.25 to 8.00, southern cows 2.75 to 4.50, bulk hogs 6.65 to 6.70, heavy hogs 6.55 to 6.70, lambs 4.75 to 5.00, range ewes 2.50 to 4.00.
Receipts total 5500 cattle including 3000 Texans, market steady with native beef steers 4.50 to 8.00, cows and heifers 3.00 to 7.50. Hog receipts 10,000, pigs and lights 4.50 to 6.50, packers to butcher and best heavy 6.00 to 6.50. Sheep receipts 1000, muttons 3.25 to 4.00, lambs 4.00.
Memphis market notes show prime cotton seed at 6.83 with 5.34c basis, meal unavailable, linters at 2 percent and 3 cents per unit as of September 21.
New York cot tonseed market notes open and close prices for Sept and Dec contracts. Prices shown include values around 7.12 to 7.48 for sept, 5.89 to 6.91 for nov and 5.72 to 5.74 for dec with typical near term fluctuations.
New York reports close mercantile paper at 4 percent with sterling steady. Bankers bills priced at 4.83.26 for sixty day bills and 4.86.50 for demand. Commercial bills at 4.8244. Bar silver at 62% and Mexican dollars at 45c. Government and railroad bonds hold steady.
New York September 21 The coffee futures market closed steady with a modest 8 to 15 point gain. Sales reached 117 250 bags with spot prices steady. Rio No 7 traded at 1350 Santos No 4 at 14% Cordova 14% nominal terms noted.
U S Steel common and preferred hit new year lows as heavy selling spread across industrials and rail stocks. Trading remained volatile with U S Steel slumping near 59 to 68 across the morning as reports of possible dissolution rattled investors. The broader market weakened though rail shares showed some resilience and a late rally in steel emerged before closing weak.
New York September 21 morning trade shows October cotton opening down one point but rising later as Liverpool offered better outlooks and rain fears spread in eastern and central belt regions. Prices slid to 7–9 points lower on first deals, then recovered to 6.8 points net higher by late morning amid covering and buying. Spot prices at Middling uplands settled near 12.20.
Prices for January through December futures showed small moves with January at 10.75 to 10.83 during the session and futures closing very steady. The report lists opening, high, low and close figures for each contract with slight gains and steady activity.
New Orleans cotton prices opened barely steady with declines early as selling from interior traders weighed on futures. Weather maps showed unsettled belt conditions with rain, but demand later steadied values as months edged back toward yesterday’s close before noon trading.
New Orleans markets report cotton futures opening barely steady on September 21. January 10.79 80, March 10.93 94, May 11.04 04 bid, September 10.81 bid, October 10.76, December 10.75 76.
Close spot cotton in Liverpool shows a moderate fall with prices down 15 to 17 points. American middling prices range from 6.71 to 7.33, with 7000 bales traded that day, 6900 of which were American. Futures open lower but end irregular with varying forward prices.
New Orleans on September 21 reports spot cotton trading down with various grade quotations. Spot cotton values range from low ordinary at 7 11 16 to good middling at 11 9 16 with strict and nominal distinctions noted. Receipts total 2422 and stock stands at 29,858.
Spot cotton closed quiet in New York on September 21 with middling uplands at 11.15 and gulf at 11.40. No sales were reported.
Houston spot cotton remains steady at midday with middling prices reported at 11 cents. Market watchers note stable demand as weather and harvest progress influence pricing.
Memphis market report notes spotcotton steady with a percentage decline and middling cotton at 114.
The Bank of England raised its discount rate from three to four percent to guard reserves against possible autumn demand. With ample coin and bullion near 215 million dollars, the move reflects concerns over continental rates and political tensions, plus prior temptation by discount dealers to push rates above the banks three percent minimum.
The Bank of France raised its discount rate today from 3 to 3.5 percent, signaling tighter monetary stance in Paris. Financial markets eyed potential effects on lending costs and economic activity.
Vienna notes the Imperial Bank of Austria increased its discount rate from 4 to 5 percent, signaling tighter money conditions. The move underscores monetary policy shifts affecting loans and liquidity in the aging financial system.
London reports the Bank of England raised its discount rate from 3 to 4 percent today signaling tighter monetary policy. The move affects lending costs for banks and could influence financial markets and consumer credit.
Brussels reports the Bank of Belgium raised its discount rate from 4 percent to 5 percent today. The move tightens credit conditions and signals a tighter monetary stance in Belgium.
Rough rice rose 25 cents per sack for No 1 ades after the Southern Rice Growers association fixed a 25 cent minimum price. Other grades vary, with buyers sometimes offering more. Harvesting proceeds well across the Texas rice belt, with Louisiana reporting similar conditions. The association says market conditions are very encouraging.
New York market notes show hides dull, leather and petroleum steady, wool quiet, rice and molasses firm. Raw sugar steady with Muscovado 9 test 6.25 cents, centrifugal 96 test 5.75 cents, molasses sugar 89 test 5.00. Refined sugar firm.
New Orleans reports rough grades for rice easing and trading steady on the local exchange. Quotations list rough Honduras at 1.50 to 3.25 cents, Japan at 2.00 to 8.26 cents, clean Honduras 3% to 5% cents, Japan 2 to 24 cents. Receipts total 7,466 rough, 1,200 ers, 6,126 clean. Sales include rough Honduras 3,581 at 2.50 to 3.25 cents, Japan 116 at 3.15 to 3.6 cents, clean Honduras 5,146 at 1.25 to 4 cents, Japan 683 at 2.5 to 3 cents.
Goods markets remained steady with ongoing inquiry for export fabrics. Jobbers show moderate, steady business while retailers buy more for early use and report rebounding trade activity.
In St. Louis metal markets on September 21 lead held at 37 percent while spelter remained firm at 5.85 to 5.90.
The potato trade signals a price rise as California supplies dwindle and San Luis Valley crops fail. Local merchants expect consumer complaints to rise alongside sugar and coffee costs. A 10 cent per hundredweight hike is noted with coast markets showing firmer outlooks.
Price to shipper less commission. Butter firm and creamery quotes per pound 25c with case terms. Fancy cream 13 1 2 c, American Swiss 24c, ported Swiss 31c, Limburger 20c. Poultry steady with large choice hens $6 per dozen, medium hens $5.50, springs from $4.50 to $2.75 per dozen, guineas $3.25, ducks $5.50 to $6.00 per dozen, turkeys 14 per pound.
Quotations today show butter steady with creameries 21 26c dairies 18 24c Eggs steady receipts 4826 cases firsts 19c prime firsts 20c cheese steady daisies 14 Ke young Americas 14 144c horns 14 14e potatoes easy best Wisconsin Maine prices 70 85c receipts 50 cars poultry steady turkeys 14c fowls 12ec springs 12c Rae Veal steady 50 to 60 lb 8 9c 60 to 85 lb 9 10c 85 to 110 lb 11 iger
A brief AP style listing shows butter at 25 cents, creamery items 21 cents, packing stock 17 cents, and extras 22 cents. It notes firsts at 190 and seconds at 0? with unclear units.
Quotations today show butter steady, creamery eggs firm at 17 21 1 2 cents, and turkeys and other items priced but unreadable in the fragmented AP dispatch from St. Louis dated September 21.
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