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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 28, 1911
Page
9
San Antonio poultry men forecast plentiful cheap turkeys for Thanksgiving. The Associated Press notes strong stock market activity in New York, with mixed gains and losses across major issues and a robust tone in trading despite volatility.
The report shows prime mercantile rates steady with actual business in bankers bills at 4.83 10 for 60 day bills and 86 45 for demand. Commercial bills 4.82 percent. Bar silver at 5.25. Mexican dollars 45. Government bonds steady and railroad bonds firm. Money on call steady at 3 03 percent with late ruling 2 14 and closing bid 2 percent. Time loans steady at 60 days 3 percent and six months 3 percent. Associated Press dispatch from New York.
The Associated Press reports cottonseed oil prices in Memphis and New York. Prime oil opened near 4.400 with meal at 25 and linters around 2.5. Oil quotations in New York show open and close ranges around 5.60 to 5.76 with varying futures values.
Quotations listed by the Associated Press show grain prices with No 2 white corn at 46 1/4 cents, mixed at 45 1/2 to 46 cents, wheat December at 99 1/4 cents and May at 64 1/4 cents, with other entries noted as steady or unchanged.
The St. Louis wool market reports steady demand with medium grade combing and light fine warrants at 7 20 to 7 4 c per pound, fine values around 17 to 19 cents, and tub washed at about 31 8 cents.
At Union Stock Yards on Sept 28 a steady market prevailed with 66 cattle 9 calves and 85 hogs sold. Packers backed by full coolers limited offerings to low figures while butchers supported the scene and at noon trading ran smoothly. Top cows brought 3.50, calves up to 4.25, hogs 6 to 6.50 with a slow movement overall.
At the stockyards Packers seek cheaper hogs as corn remains costly and hogs comparatively affordable. Receipts show mixed signals with more unfinished hogs entering markets while grazing conditions worsen along the route from Kerrville to Texas ro en route to Kansas City. Local stockmen report varied conditions with optimism in Gonzales and Robstown and praise for the local cattle tick dipping program.
J Leahy ranchman of Mathis Texas is in the city. Also registered at local hotels are John Bally J B Hill of Weetoff and W A Stewart stockman of Amarillo Texas.
D W Kessler, a Fal furrias merchant, is stopping at the Bexar during his travels.
Fort Worth Texas reports cattle receipts 4700 with steers steady to weak and cows steady. Hogs receipts 1750 head 5 to 10 cents lower with top at 6.70 and bulk 6.15 to 6.55. Lambs priced at 4.75 with sheep steady.
Receipts and quotations for cattle hogs and sheep compiled for Chicago. Cattle receipts about 000 with prices ranging from 2.00 to 9.50 for cows, calves and feeders. Hogs receipts around 18 000 with most sales 5.90 to 6.70. Sheep receipts near 20 000 with native and western ranges from 2.50 to 6.00 noted.
Kansas City market data shows cattle receipts 5000 with southern influence, prices from 2.65 to 8.00 for various categories. hogs receipts 9000 with steady to five cents lower trend and bulk sales 6.26 to 6.45. sheep receipts 5000 with muttons 3.25 to 4.25 and lambs 4.75 to 6.10.
Receipts total 5500 cattle including 2000 Texans with steady to slow demand. Cattle: native steers 4.50 to 6.00, cows and heifers 3.00 to 7.25, stockers 3 to 5, Texas and Oklahoma steers 4 to 7, calves 3 to 6. Hogs: receipts 80000, prices 5 to 10 cents lower, butchers 6.00 to 6.60, sows 6.20 to 6.50. Sheep: receipts 3000, market steady, weth lambs 3.25 to 4.00, ewes 4.00.
Quotation report from St Louis on September 28 shows cash wheat firm with No 2 track red at 99 1/2 cents and No 2 hard at 1.03 to 1.08. Corn and oats weaker on the day, No 2 track corn 68 1/2 cents and No 2 white 70, No 2 track oats 46 to 47 1/2 cents. Closing: wheat higher with December at 97 1/2 and May 1.03. corn higher with December 62 1/4 and May 64. oats firm with December at 49 1/2 and May 49 1/2.
Wheat rose on the Chicago market as large firms supported prices in Liverpool. December opened mixed and finished near unchanged to higher, with oats and corn also firming as southwestern selling softened. First pork and lard prices for January delivery were noted, while weather and Canadian storms kept bulls active.
Wheat and corn receipts tallied at Chicago along with Minneapolis and Duluth totals. Wheat reached 83 cars with 100f contract grade, corn 290 cars with 61 of con trade grade, oats 134 cars, and overall wheat receipts at 977 cars for today versus 737 last week and 660 a year ago.
Quotations list cash wheat values for several grain grades. No. 2 red and hard winter wheat range in the mid 90s to high 90s per bushel, with spring and velvet chaff varieties near 1.07 to 1.10. White and yellow corn prices appear around 0.69 to 0.48 per unit, reflecting varied market bids.
The New Orleans rice exchange reported unchanged tone across grades. Quoted rough Honduras Japan and clean Honduras varied with receipts listed as rough 1979 and clean 4547, while sales figures showed Honduras and Japan trading at several cents per pound.
Cotton prices opened with a 5.7 point decline in New York on easy cables from Liverpool and bearish crop notes. Dealers covered, buying December around 10.14 as losses eased, with active months trading roughly 3.4 points under yesterday’s close at mid day.
The Thanksgiving turkey outlook in Texas predicts a bumper crop and lower prices. Dealers anticipate 12 1 2 to 16 cents per pound as demand grows toward the holiday season with several large packers scaling back operations.
New Orleans cotton futures opened five to ten points lower on weak cables and good weather. By midmorning selling paused as traders awaited the upcoming bureau report, then heavy covering and late-day buying pushed prices to 7 to 10 points above yesterday and a net gain of about 4 to 5 points at close.
Futures opened steady as September bids at 10.20 and October at 10.15 signaled cautious demand. December posted 10.20 21 with January at 10.26 and March at 10.38, while May traded 10.50 652, reflecting a range of near-term positions.
Associated Press dispatch from Liverpool reports spot cotton quiet with prices one cent lower across grades. American middling fair 6.51, good middling 6.25, middling 6.11, futures opened barely steady and closed steady with key spreads quoted. Receipts 11,000 bales including 10,700 American. sales 5,000 bales with 4,900 spec/export.
New Orleans on September 28 reports spot cotton steady with 450 sales and 1800 arriving. Quotations show low ordinary at 7 15 16, good ordinary 9 9 16, middling 10 9 16, strict middling 10 11 16, high 11 8 16, receipts 2613, total stock 39 1 15 bales.
On September 28 in New York markets, hides and leather are steady while petroleum and wool stay quiet. Raw sugar and Muscovado are weak with 89 and 96 tests at 5.86 cents. refined sugar remains firm. molasses and rice hold firm.
New York September 28 spot cotton closed quiet with middling upland at 11.45 cents per pound and middling gulf at 11.70. Sales totaled 1200 bales.
Houston and Memphis cotton spots report steady prices on September 28 with middling at 10 1/2 cents. Spot cotton in both markets shows no change from prior levels.
In New York on September 28 the cotton goods markets showed quiet steady activity with moderate orders. Yarns attracted better demand while a well attended silk auction sold 6000 pieces of silk pod varieties at prices viewed as favorable.
San Antonio fire chief W P Bishop returns from Milwaukee and Chicago after attending the annual convention of fire chiefs. He inspected modern firefighting apparatus and may issue recommendations. Assistant Fire Chief McSorley led the department in his absence.
The New York market closed barely higher yesterday, with coffee futures slipping to a net loss of 5 to 2 points amid 77,000 bags traded. Spot markets were quiet as Rio, Santos and Cordova quotes drifted, with No 4 Santos at 14 15-16 and Cordova around 14 1/2.
The metal market in St Louis was quiet with lead acid at 4 324 and spelter at 5 856. F Weinert a prominent local stockman visited the cattlemen's exchange with J Wilson and both expressed pessimism about cattle conditions and winter meat prices.
Harwood welcomes merchant W Caperton among the arrivals. He is listed with other travelers seen at the harbor. The report notes his professional status and local interest in trade developments.
Coffee rose to 12.98 cents on the New York exchange amid liberal demand, while future values slipped. Sugar remained steady but is seen heading lower as roughly 140,000 bags from the San Domingo crop come to market. Evaporated apples arrive in season with high California prices, bananas and lemons from Tampico attract buyers, and corn shortages push canners to import from Maryland as the outlook grows cautious for canned vegetables and staple foods.
Butter firm Creamery per pound 35a country butter 16 17c Fresh country candled storage 16 11c Cheese firm Fancy cream 12c Fancy brick 20c American Swiss 240 Imported Swiss SKc Limburger 20c Badger State 17c Poultry steady Large choice hens per dozen 6.00 6.50 mid hens 6.00 6.50 large springs per dozen 4.50 medium springs 4 3.25 small springs 2.76 guineas per dozen 3.20 ducks per dozen 5.50 6.00 turkeys per pound 14 16c
Chicago prices show Butter steady with receipts to 5127 cases eggs holding at 15 to 19 cents per dozen for firsts and 20 cents for prime firsts. Cheese steady mit prices for daisies and twins around 14 to 19 cents. Potatoes firm at 60 to 70 cents. Poultry markets steady with weights 8 to 110 pounds priced 10 to 12 percent, roasts 45 cars received.
Prices quoted in Kansas City show butter creamery at 25 ½ cents, firsts 23 ½ cents, seconds 21 ½ cents. Packing stock 17 ½ cents. Eyes and extras 22 4/5 cents, firsts 20 cents, seconds 13 ¾ cents.
New York reports eggs steady with unchanged prices as receipts total 517 171. No further details available in the readable text segment.
The Associated Press notes mixed declines in poultry prices with chickens at 9 cents, turkeys dropping to 14 percent, ducks at 1 cent, and geese at 5 cents. Butter prices firm with creamery butter at 26 or 20? per unit and eggs steady at 19 cents.
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