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Newspaper
Houston Daily Post
Location
Houston, Texas, United States of America
Date
May 13, 1902
Page
8
The cotton market shows a broad drop with Liverpool down 12 to 6 points, New York and New Orleans also lower. Spot quotes ease, near months fall while trading fluctuates in a day of mixed signals and shifting futures expectations.
New York May 12 The stock market closed with a general decline as local money conditions and a weak crop outlook weighed on prices. Union Pacific and Southern Railway showed relative firmness while other shares fell, with notable losses across General Electric, North American, Delaware and Lackawanna, Chicago and Northwestern, and Chicago, Indianapolis and Louisville.
The report notes New York and New Orleans price ranges for active months with spot markets in New York closing quietly and lower sales in some grains and livestock. It records modest declines in New York spot prices and steadier to weaker trading in cattle poultry and dairy at various regional markets.
Port of Galveston reports arrivals and clearances of salted vessels headed for Galveston on May 12. Shipping lines include Steanehifs and coos New York with several steamship movements noted, alongside brief crew and vessel details.
Active covering of short accounts and absence of selling pressure pushed wheat and oats higher in Chicago trade on May 2. July wheat rose, July oats gained, while provisions closed modestly higher amid bullish statistics, with traders awaiting the government crop report.
May 12 reports from St Louis and Kansas City describe bids and receipts for wheat, corn, oats, and flour, with futures for No 2 red and No 2 white grains and notes on hogs, pork, and coffee market movements. Prices vary by grade and month, with shipments and spot prices listed for New Orleans and New York markets.
A Washington correspondent reports the Agriculture Department plans a gradual program to breed cleaner hogs. The effort aims to reduce disease risk by removing dirty habits, creating an experimental station, and testing steps such as controlled housing and selective crossing to produce a self-cleaning swine lineage.
May 12 reports from LOUIE in St Louis show cattle prices for heifers bulls calves and cows steady to firm with buyers wooing top exports. Texas cattle and hogs improve. receipts 409 head for sheep and native muttons steady amid ample supply and kept market otherwise unchanged in New Orleans.
Victoria Texas May 12 shipments of cattle calves and cows moved past week from Galt Van Vieck Edin Penger Gouad El Campo Aloe and Victoria to New Orleans Houston St Louis and Chicago heavy market activity with steers cows and heifers priced from 6.50 to 40.00 per head and several carloads noted on May 1 5 6 and 12 amid ongoing rail transport trade for livestock and dairy stock in the region.
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