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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 28, 1911
Page
17
The cotton market opened irregularly with an early 7.14 point advance on old crop and mixed moves for new crop. Bulls supported prices amid weather and acreage hopes, with near-term futures firming into afternoon trading as old crops fluctuated and new crop prices lagged.
Cotton futures opened steady in New York with contracts listed for January at 13.00 01, March 13.12 14, May 15.10 12, July 15.30 31, August 14.97 Si, September 13.75 76, October 13.14 15, and December 13.03 04, with one bid at 15.15.
Cotton futures in New Orleans opened steady with gains of 7 to 14 points on old crop months and 2 on new, aided by better cables and New York notices halted. Weather rains in central and eastern belts supported early strength, but profit taking trimmed gains. by noon old crops up 11 to 13 points, new crops about 5, market closed up 1 to 8 points.
New Orleans futures open steady with bids on April and May contracts. July and August prices show a decline from earlier levels while October and December hold around mid-teens in the market note.
Liverpool April 28 rail spot cotton remains quiet with prices down three points. American middling fair quotes 8.81 with various grades from good ordinary 7.81 to middling 8.27. Sales reach 7000 bales including 5600 American. receipts total 10,000 bales with 4900 American. Futures show modest gains and steady closes across multiple forward spreads.
Market notes show middling receivers in New Orleans firm at .158-16, Houston steady at .153-162, Galveston steady at .15% with 1,476 receipts and 7,000 men noted. Kvergool and COBY cacosavers listed with 8.2% and 7,000 men, market quiet overall in Tork.
In Memphis on April 28 spot cotton held steady at middling 15 3/4 cents. In Houston on the same date spot cotton also stayed steady, middling pricing reported at 15 1/16 to 15 3/4 cents.
The Associated Press reports a firm market opening with Canadian Pacific up 1% to a record 230, while most active stocks edged up modestly. General Electric and Westinghouse rose two points. International Paper and Allis-Chalmers preferred slipped one. Trading was light, with profits-taking later in the day narrowing gains.
Close prime mercantile paper at 3 percent. Sterling exchange steady with bankers bills at 4.84.40 for 60 days and 4.86.45 for demand. Commercial bills 4.83. Bar silver 53. Mexican dollars 45. Government bonds steady, railroad bonds firm.
In New York on April 28 the money market shows on call at 2 percent with a ruling rate of 2 percent, closing bid 2 percent and offered 2 percent. Time loans for dull and soft list 60 days at 2 percent and 90 days at 2 percent, and six months at 2 percent.
A brief market update records minor price changes with a slight gap between finished quotes. The text mentions a 10 point higher figure and middling values around 15.36 and 15.60 for gulf and nee related sales.
Galveston April 28 spot cotton remained steady with middling price at 15 1 2 cents. Market watchers noted quiet demand as traders awaited broader macro signals and futures activity.
At Union Stock Yards on April 28 a light cattle pens, strong hog bids, and steady calf markets set a steady tone. Cows sold $3.75 to $4.50, calves $4.00 to $5.00 top, hogs $5.75 to $6.25, with one car each of horses and cattle shipping from Texas routes. Chicago quotes mirrored steady to mixed movements across cattle and hogs, with hogs leading the market activity.
Kansas City April 28 cattle hogs and sheep receipts total about 6000 cattle 6000 hogs 3000 sheep with steady to mixed quotes Native steers 5.00 to 6.15 southern steers 4.25 to 5.90 and calves 4.00 to 6.25 hogs bulk 6.00 to 6.15 sheep mutton 3.25 to 4.50 lambs 3.78 to 5.75.
Receipts total 300 cattle including 100 Texans with market steady. Native beef steers 5.00 to 6.25, cows and heifers 3.50 to 6.10, stockers 5.40, Texas steers 4.50 to 6.15, cows 3.50 to 5.15, calves 5.00 to 6.76. Hogs 9500, market steady with light pigs 6.10 to 6.25, packers 8.10 to 8.30, butchers 8.0 to 8.30. Sheep 1500, market steady with muttons 3.75 to 4.25, lambs 5.75.
Fort Worth Texas April 28. Friday’s receipts show cattle 1500 calves 300 hogs 1200 sheep 1200. Steers up a dime, cows steady, canners down, calves and bulls steady. Hogs five cents higher, sheep steady. Beef steers sold at 5.15 to 5.5 and bulk 4.70 to 4.95. Hog prices 6.49 for choice and 6.10 to 6.25 for bulk. No sheep offered.
New Orleans April 28 Spot cot ton firm with sales on the spot 620 to arrive 47. Low ordinary 11% nominal ordinary 12 9-16 nominal good ordinary 14% strict good ordinary 14% low middling 14 11-16 strict low mid middling 15 3-16 strict middling 15 7-16 good middling 15% strict middling 15 13-16 middling fair 15 1-16 fair to fair 16 17-16 fair 16 Rape nominal. Receipts 594 stock 95,689.
Forecast through 7 p m Saturday calls for tonight increasing cloudiness followed by unsettled weather Saturday in San Antonio and vicinity East Texas should see warmer northeast and unsettled colder conditions in extreme northwest Storm area stretches from northern Mexico to Manitoba with rain in the south Atlantic states and northwest to the upper lake region Snow and freezing for Montana and Saskatchewan Core: unsettled conditions across regions with mixed precipitation and temperature shifts noted.
Government provision contract bids for Fort Sam Houston and maneuver camp for May were opened today as bidders anticipate contracts. Wholesale markets showed dull produce, with green vegetables slightly cheaper, evaporated fruit scarce, and lima bean prices unsettled due to the Growers' association control. Egg and chicken markets remained soft to steady, while California eight hour day rules push higher evaporated fruit costs. The Gugenheim-Goldsmith Co. received a mixed car of evaporated apples and raisins.
Price to shipperless commission. Prices to retailer include Butter Creamery per pound 290, country butter 13 20c per dozen GGS Country 1dec, Cheese Fancy cream 18c, fancy brick 20c, American Swiss 24c, imported Swiss 3ic, Limburger 20c. Poultry prices list broilers 3.25 3.50, fryers 6.00 6.50, hens 6.00 4.25, guineas per dozen 3.25 3.60, ducks per dozen 6 7.00, squabs per dozen 1.25 1.50, geese 10.00 15.00, turkeys per pound 16c.
Quotations today show firmer butter and cheese with varied dairy product prices. Receipts total 35 234 cases with firsts and prime firsts at higher quotes. poultry remains firm with turkeys at 14c and chickens at 14 49c. veal steady across weight ranges from 60 to 110 pounds with prices from 6% to 7% 9c.
Quotations today show butter at 21 cents for creamery, 18 cents for items, 16 cents for seconds, 18 cents for pone stock. Eggs, extras 17 cents, firsts 15 cents.
New York on April 28 reports egg quotations steady with receipts totaling 20 025 cases. Industry observers note stable prices as traders monitor demand and supply dynamics.
Quotations today show dull lead at 4 dollars and hay at 30. Spelter sits at 6.20 5. 32 percent. Chickens at 12 49 cents, springs 17 cents, turkeys 14 to 16 cents, ducks 14 cents, geese at 6 cents. Butter steady creamery 15 to 22 cents. Eggs firm lie.
Sugar and oilseed markets report prices in Memphis on April 28. Prime ban oil sold at 5.20 dollars per hundredweight, meal at 23.75 dollars, linters 3 percent at 45 cents.
New York on April 28 reports cotton seed oil quotations with May, July, and September contracts. May and July prices hover around 6.40 to 6.41 dollars, while spot near 6.28 to 6.30. Prices show slight shifts across futures points.
Short note lists a contact in Austin for a work horse with a price. includes a phone update and a woman named Kirstie with a postal letter waiting. The fragment signals a classified style notice with sparse identifiers.
The cotton bulletin notes temperature rainfall and weather across the Houston district for the preceding 24 hours ending 8 o clock this morning. Rainfall amounts are recorded for the last 12 hours with averages noted for the state district.
Weather in the belt remains unsettled with near normal temperatures and rainfall totals exceeding an inch at many stations in the asc Mobile and Montgomery districts. Mrs. J. Jacobus and daughter Miss Lucia Frances travel to Nashville to attend the funeral of Dan Vinson, her late father.
Chicago April 28 Wheat futures climbed as analysts predicted a sharp drop in world shipments this week. Weaker exports from Australia India and Argentina and sustained demand in Liverpool supported gains. May and July prices advanced amid expectations of less breadstuffs in transit to the United Kingdom.
Chicago April 28 Receipts and shipments today were as follows with grain trades and stock figures updated for the market.
Quotations for cash wheat and oats released in Chicago show No. 2 hard at 90 90 to 91 percent, No. 1 northern at 1.03, No. 2 spring around 93, and No. 2 white about 53. oats No. 2 white around 2 2 14 and standard at 83. Prices reflect daily trading conditions in the Chicago market.
Wheat traffic shows 10 cars on the street today, including six suluth vehicles. This compares with 194 cars reported last week and 140 cars on the same day a year earlier.
Wheat and corn markets show small changes with No 3 hard at 94 cents, No 2 red at 89 to 90 cents, oats and mixed oats near 34 to 60 cents. Nearby futures: May wheat around 83 1/2, July about 82 1/2. Corn bid at 50 cents for September.
Fragmentary quotes show fluctuating prices for track goods and white products. Mentions No 2 track at 91 98 percent, No 8 white at 52 percent, and May July bidding around mid 80s to 47.40 showing steady trend with slight increases toward July.
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