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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 11, 1911
Page
13
New York suffered a steady-to-down session as cotton quotes opened down and recovered slightly into the afternoon. Prices moved with a heavy selling bias from a leading bull broker while spot middling Upland held around 14.75 and July futures hovered near 14.50.
New Orleans cotton futures opened steady with small declines on old crops and gains on new, aided by outsider buying despite unfavorable cables. Early gains faded as profit taking lifted offers, leaving old crops 13 to 16 points under yesterday’s close and new crops about 6 to under.
Spot cotton rose 8 points with American middling fair at 8.47 cents and good middling at 8.15. Total sales 8000 bales including 1000 speculative export. receipts 13,000 bales with 7900 American. Futures opened quiet and closed barely steady with varied spread values through April to March.
MEMPHIS Tenn April 11 Spot cotton steady with middling grade quoted at 14 1 4 cents per pound. Reports from New Orleans show orders steady as sales remain quiet with prices around 14 1/2 cents.
Spot cotton in Houston on April 11 remains steady at 14 1/2 cents per pound for middling grade. The market shows no change in the daily quote and traders monitor supply and demand conditions in the region.
New Orleans on April 11 reports spot cotton unchanged with 300 bales sold to arrive 7704. Prices listed across grades from low ordinary to good middling with strict variations. receipts 4802, stock 102,527.
Spot cotton slipped five points in New York trading on April 11 as middling catalogs hovered around 14.70 cents per pound for middling and 14.95 cents for middling gulf. The market showed limited activity with prices easing slightly.
In Memphis on April 11, Prime basis oil trades at 5.26 to 5.27, meal at 24 dollars, with linters setting at a net level. The note reflects pricing activity for cotton seed products in the regional market.
The market reports firm cheese with gains up to 12 cents and limited local supply. Syrup and molasses advance five cents with strong old potatoes and strawberries selling near four dollars per crate. Tomatoes, cabbage, apples, grapes, and limes show varied movement while butter and poultry hold steady.
The Guggenheim Goldsmith Co. received this morning a carload of onions apples and potatoes.
Quotations show butter and eggs steady with creameries and firsts around 14 to 15 cents. Dairies list various cheese prices, while potatoes and poultry items hold firm with dressed turkeys at 18 cents and live fowls and springs near 15 cents. Veal by weight ranges from 6 to 9 and a half cents.
In Kansas City on April 11 quotations show butter at 20 cents for creamery, firsts at 17 cents, second grade at 12 1/2 cents, and packing stock at 12 1/2 cents.
On April 11 in St Louis quotations showed a steady market with zinc spelter at 5.30 and lead around 4.30. Livestock and poultry prices ranged from 14 to 18 cents for chickens ducks and turkeys, butter creamery at 18 to 22 cents, and eggs at 14 1/2 cents.
In New York on April 11 quotations for eggs were firmer as receipts reached 45 525 cases. Fresh gathered selected extras sold around 18 percent above base, firsts about 16 17 cents, seconds at 15 percent 15 cents, with storage packed firsts quoted at a steady level.
Cotton seed oil prices in New York on April 11 show limited movement with nearby at 6.17 and July at 6.22. Prices for August moved to 6.26, while opens and closes are listed near 6.05 to 6.22.
April 11 New York reports only minor shifts with Lehigh Valley and Missouri Pacific up while American Cotton Oil drops. Fertilizer stocks weaken and speculative leaders largely hold. U S Steel dips below 77 on heavy volume. bonds steady. overall tone remains weak with late slight recovery but market ends near stagnation.
Close prime mercantile paper 3% 4%. Sterling exchange steady with actual business in bankers bills at 4 84.15 for sixty day bills and at 4.86.30 for demand. Commercial bills 4.83%. Bar silver 53%. Mexican dollars 45%. Government bonds steady, railroad bonds irregular.
New York April 11 money on call sits at 2 percent as ruling rate and closing bid match 2 percent. Short-term loans remain soft with 60 and 90 day terms at about 2 percent and six months at 3 percent.
The Elgin board of trade reports 1910 butter values rose above 1909 by more than 200 dollars in the district and output climbed by over 6 million pounds. The 1910 average price was 29.8 cents per pound, up from 29.0 cents in 1909, with 1882 and 1896 cited as high and low benchmarks.
Chicago officials allege oleo margarine sellers used a lower grade product to dodge taxes costing the government about 360000 in Chicago last year. Internal Revenue collector Samuel M Fitch notes misrepresentation misled the public into buying untaxed lower grade oleo while taxed colored margarine remains higher quality. He cites license figures and a shift to a lightly taxed tint product as proof of the scheme.
Rain prospects boost range conditions and urge holdbacks to wait for higher prices. Weighed cattle receipts were light as buyers showed strong demand early, with cows steady to active and prices near weekly highs. Hogs and sheep also posted steady trades, with bulk sales around five fifty to six dollars for hogs and light lambs trading at firm levels.
Fort Worth market report shows cattle receipts around 1500 head with 175 calves and hogs. Prices listed for steers and stockers indicate active trading and varied demand, reflecting typical spring movement in the Texan cattle market.
Cattle receipts 3200 with 200 Texans. Native beef steers 5.00 to 6.75, cows and heifers 4.25 to 6.50, stockers 3.50 to 5.76, Texas steers 4.50 to 6.50, calves 5.00 to 8.00. Hogs receipts 15,500, market steady to 10c lower. pigs 5.75 to 6.50, packers 5.70 to 6.55, butchers 6.20 to 6.55. Sheep receipts 6000, muttons 3.75 to 4.90, lambs 5.75.
Cattle receipts 12,000 with native and southern classes. market steady to ten cents lower. Hogs 23,000. bulk sells $6.00 to $6.25, heavies $6.05 to $6.26, lights $6.20 to $6.30. Sheep 12,000. market steady with muttons $8.75 to $5.25, lambs $6.25 to $6.10, fed wethers $4.00 to $5.25, fed western ewes $3.75 to $4.50.
Receipts and cattle show about 3000 head with slow market. Hogs receipts near 14000, market steady with prices from 5.80 to 6.75. Sheep receipts around 14000, market steady with native and western grades priced from 3.00 to 5.50 per hundredweight.
The Texas Department of Insurance and Banking certifies that the Phoenix Insurance Company of Hartford Connecticut complies with Texas laws and is licensed to operate in the state for the year ending February 29 1912. Commissioner B L Gill signs the certificate issued with F J Scudder & Co as agents in Austin.
San Antonio forecast through Wednesday calls for fair conditions and warmer temperatures tonight. East Texas will see generally fair weather and warmer interior, with unsettled southern districts likely to have some rain. Northern areas stay fair while Rocky Mountain districts may see freezing temperatures.
Texas crop and range conditions are in better shape this spring than in years. Oats wheat and corn show strong prospects due to wet Feb-March rainfall with larger acreage. Wheat yields may be smaller due to acreage cuts. early oats and corn look promising across North East and Panhandle regions.
A listing of grocery prices covering eggs butter poultry beef and pork items, fruits and vegetables with per unit prices, quantities and unit measures typical of a country market. It includes specifics like eggs at 17 cents per dozen, butter at 25 to 35 cents, various meats from 8 to 65 cents, and vegetables priced from 3 to 50 cents per unit.
I have been secretary of the Cattle Raisers' association. Truck growers across the state anticipate their best year in memory as all regions expect good production. Truck prices may fall since statewide yields should be strong. peaches face shortages due to freezes.
Liverpool April 11 The corn exchange will close April 14 15 and 17 for Easter holidays as announced by the exchange authorities.
Receipts today show wheat 25 cars including 9 contract grade and corn 233 cars with 11 contract grade. Oats 129 cars. Total wheat receipts at Chicago Minneapolis and Duluth 142 cars, down from 196 last week and 225 on the same day last year.
In Kansas City on April 11 cash wheat gains one cent with No 2 hard at 85 percent to 38 cents, No 2 red 85 to 88 cents. Corn trades near highs with No 2 mixed 46 to 47 cents, No 2 white 41 to 43 cents. Oats steady No 2 white 31 to 32 cents. May wheat at 83 1/4 cents, July 81 1/2, Sept 81 1/4 cents. Corn May 47 to 47 1/2 cents, July 48 cents, Sept 49 4/5 cents.
Cash wheat gains with No 2 track red at 89 cents and No 2 hard at 86 to 96 cents. Corn climbs with No 2 track at 49 cents and No white around 49 to 50 cents. Oats rise with No 2 track at 31 to 32 cents. Futures firm led by wheat May 86 1 2 and July 84 1 2 cents.
Chicago board of trade not in session as voters head to the polls for today's primary election.
Cashier ticket takers and others sought at Exposition Park after 6 pm Tuesday. See Mr Edwards at 616 Avenue.
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