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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 24, 1911
Page
11
The cotton market opened firm with a 2 to 11 point advance as rains in the central belt spurred buying. July rose to 15.11, May to 15.01 and 7 to 13 points above Saturday’s close, with old crop gains and spot middling at 15.10.
Cotton futures in New Orleans opened with advances of 7 to 8 points on old crops and 3 to 5 on new, aided by favorable cables and rain in Texas and the Mississippi valley. Weather maps warned unsettled conditions, keeping buying active for both old and new crop contracts.
New Orleans futures remained steady with April bids at 14.94 and May at 15.08, while July, August, and October options showed similar values. Closing quotes echoed the firmness, with May around 15.17 and December near 12.90 as prices held firm.
Closing cot ton spot prices rise with bids up six points as American middling ranges from 7.45 to 8.28. Sales reach 12,000 bales with 500 for speculation and export and 31,200 American bales included. Futures open and close steady with various forward spreads quoted.
Spot cotton in New Orleans rose 1 to 8 cents with 1,250 sales on the spot and 250 to arrive. Price ranges included low ordinary 119 to 128, good ordinary 131 to 143, and middling up to 161. Receipts totaled 299 and stock 159.
In Houston Texas on August 24 the spot cotton market held steady with middling grade priced at a steady level. The note records a stable market without price movement for the day.
A Memphis market note records a cat with steady middling value at 1 cent in the local spot market, reflecting small commodity activity.
New York markets show spot cotton up .5 points on April 24 with middling uplands at 15.15 and middling gulf at 15.40. Sales reach 100 bales amid quiet trading.
The contract to supply potatoes and onions for May at Fort Sam Houston and the maneuver camp was awarded by Capt. Cusack, commissary chief. Edgar Produce Co. received the potatoes contract and Pruitt Commission Co. the onions contract, awarded to the lowest bidders from the April contract.
The New York stock market opened active and firm with U S Steel the most traded. Heavy disquiet over trade conditions pushed U S Steel down to 72 1 2 while other issues fluctuated. By noon the market steadied but later slipped again before a late rally sent prices higher in late trading.
Cotton seed oil prices quoted in New York on April 24 show May and July contracts listed with bids and closes. The table reflects bid ranges and settlement figures across several months, indicating market activity for cotton seed oil.
Union Stock Yards report a slow morning with cattle offered at steady to mildly lower values. Receipts totaled around 300 head with cows mainly $3.75 to $4.25, calves $4.50 to $5.50, and hogs around $6, as buyers waited for afternoon movement.
Fort Worth market opened steady with 125 head offered and scarce calves. Northern markets showed steers down a dime, buyers pushed for lower ranges, and all meat grades declined. Beef steers 5.00 to 5.40, stockers 5.00 to 5.50, hogs 5.80 to 6.10. receipts 2250 head.
St Louis market report lists cattle receipts 3500 with 400 Texans and steady to weak prices for native beef steers 5.00 to 6.75, cows 4.25 to 6.55, stockers 3.50 to 7.87, Texas for steers 4.50 to 6.50. hogs receipts 8000 steady with figures 6.00 to 6.20 for figs and lights and 5.95 for heavy ti te. sheep receipts 2000 with steady market, native muttons 3.75 to 5.00 and lambs at 6.25.
Receipts and quotations show cattle 8,000 head with southern market steady to ten cents. hogs 10,000 with market 10 to 15 lower. sheep 13,000 with market steady to weak. Prices range from cows and calves to western steers and lambs across several categories.
Chicago today reports cattle receipts near 26 000 with prices led by Beeves at 35.10 to 46.40 and western steers 4 80 to 5 75. Hogs receipts about 56 000 with steady to 15 cent lower trade and mixed to heavy weights 5 65 to 6 15. Sheep receipts around 22 000 and steady with native 3 00 to 4 75 and western 3 25 to 4 85.
Forecast until 7 pm Tuesday shows unsettled weather with showers tonight or Tuesday for San Antonio. East Texas also faces showers and warmer conditions in the northwest. A Gulf of Mexico storm influences the region with rain in Alabama and Texas and over an inch of rainfall at Corsicana Galveston Mexia and Palestine.
The first Texas tomato shipment arrived three weeks earlier than last year. Two crates sold on arrival for 1 78 per crate. Ingleside shipper says state production looks promising and expects larger consignments as a two thirds crop seems possible.
Local wholesale salesmen report a prosperous week as city trades flourish yet country buyers cut orders. They note a shift toward self reliance with reduced country demand, predicting further drops to practical canned goods by May.
At 10 this morning six local wholesalers extended bids to furnish potatoes and onions for Fort Sam Houston for May. Last April the government contract called for sixteen carloads of Irish potatoes and three carloads of onions, costing about 10000 dollars. The noon award was expected to top the prior total as potato prices rose by about a half dollar per hundred while onion costs drop slightly due to a Texas crop movement.
Rufus B. Daniel of El Paso will represent Brownsville before the railroad commission at Austin in the June session. Daniel has a strong record in common point rate cases, winning 36 of 39 actions.
In the vegetable market the week begins with improved cabbage but limited supply on the local row. Merchants report a good steady trade and few difficulties in selling consignments at satisfactory prices.
Reports from east Texas indicate the peach crop will be vastly reduced this year with fruit on trees shrinking to half size then withering and dropping. The loss is a severe blow to a crop that supplies much of the national fruit market, though last year’s bumper harvest left jars still on pantry shelves.
A shipper on the local market reports the blackberry crop appears to be good this year and expects early shipments. He notes conditions are generally better, though a late freeze has harmed much of the California grape crop.
Shipping and retailer prices listed for butter and poultry items. Butter per pound 29c for Creamery and 20c for country. Country dozen eggs 1ld4c, other cheeses and poultry prices by item and weight. Turkeys per pound 16c.
Chicago on April 24 reported steady butter with creamery prices 15 21c and daisies 13 18c. Eggs firm at marked level with 144c for case averages. Cheese steady with varieties such as daisies 13 14% and young Americas 13 4%. Potatoes weak with prices 56 68c for high grades and 53 65c for medium. Poultry dull with turkeys 14c, veal dull at 50 60 lb ranges 7 8c and 60 85 lb ranges 7 8c.
New York April 24 buyers and sellers reported egg quotations with receipts totaling 22,287 cases. Prices ranged for fresh gathered extras and regulars, southern duck eggs, and various hennery white and brown types across Pennsylvania and nearby regions.
St Louis market news reports today quote Lead and zinc prices firm at 5.30 and related metals. Poultry and eggs show limited details with turkeys at high prices and eggs listed as steady, but the fragment ends abruptly without complete figures.
Quotation notes from Kansas City on April 24 list creamery prices at 20 cents for firsts 17 cents for seconds 15 cents for packing stock 13 cents. Egg quotations show extras 17 to 18 cents and firsts 15 cents.
Taylor Whitsett sold ten cars of cattle to Kennerr Pyle and Allen of San Francisco and shipped them at once. He still has about ten cars remaining. Peeler Bros shipped eighteen cars of fed cattle to the Fort Worth market today.
Market brief from Memphis on April 24 reports prime basis for cottonseed products with values for oil, meal, and linters. Prices shown include 3.13014 for oil and $23.75 to $24.00 for meal, with linters noted but not itemized.
Pruit Commission Co lists new arrivals including 1 car Jonathan lemons 1 car Florida tomatoes 2 cars oranges 2 cars potatoes 2 cars bananas 1 car cabbage limes grapefruit and other vegetables date not provided.
Temperature rainfall and state of weather conditions for Houston district stations over the last 24 hours ending at 8 am local time. Data covers multiple stations with readings on temperature and precipitation.
The report states that the minimum temperature is for the last 12 hours and not used in computing the averages for the Houston district. It clarifies the data treatment and district calculation method.
The belt reports unsettled weather with rain in Alabama and Texas and below normal temperatures. Rainfall of an inch or more recorded at multiple Texas and southern states locations. Frost observed in several North Carolina towns in the Wilmington district with heavy frost near New Bern, Weldon, and Wilmington.
Wheat gained on foreign news and lagging U S cash demand with favorable U S crop outlook. May soybeans and corn moved in narrow ranges as traders marked time, while hogs drove lower pork and lard prices. Packers sold early, but overall market showed a cautious stand with limited offerings.
Receipts and shipments for today reported by the Associated Press show grain movement in Chicago with details on different grain categories and quantities. The report lists totals for receipts and shipments for corn wheat oats rye and other grains across local elevators and rail terminals.
Wheat arrivals totaled 18 cars with 5 contract grade. Corn shipments reached 173 cars with 22 contract grade. Oats were 18 cars. Combined wheat receipts for Chicago Minneapolis and Duluth today were 32 cars, down from 323 last week and 210 on the same day last year.
The list shows cash grain quotes for No 2 red wheat around 92 cents with bids near 89 to 91, northern and north markets around 1.00 to 1.04, No 2 yellow corn about 63 to 65 cents, No 2 white around 51 to 54 cents, No 2 oats near 32 to 34 cents and standard around 33 to 34 cents.
A market bulletin lists wheat and corn quotes with No. 2 tracks and percentages. Ash wheat firm with No 2 track red 8914493. No 2 hard 6 90. corn higher with No 2 track 51 percent and No 2 white 51 52 percent. oats lower with No 2 track 32 percent and No 2 white 34 percent.
Cash wheat prices show No 2 hard at 88 percent, 96 cents. No 2 red at 90 to 91 cents. Corn holds steady to slightly higher with No 3 mixed at 19 1/2 cents. No 2 white at 49 cents, oats unchanged, No 2 white 34 to 35 cents, No 2 mixed 32 to 38 cents.
New York reports call money steady at 24 percent with ruling rate 2 percent and closing bid 2 percent. Offered terms include Time loans easy at sixty days 2 percent and ninety days 2 percent.
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