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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 28, 1911
Page
19
The Associated Press reports early trading mixed as old crop gains wobble, bull support resists declines, and new crop prospects rise with weather forecasts. Spot prices hold around 15.25 middling uplands while July lifting into new highs, and spillover spreads across New York New Orleans and Liverpool markets.
In New York on April 28 cotton futures opened steady with January at 13.00 01 and March at 13.12 14. May 15.10 12, June 15.15 bid, July 15.30 31, August 14.97 Bid, September 13.75 76, October 13.14 15, and December 13.03 04.
Cotton futures in New Orleans opened with gains of 7 to 14 points on old crop months and 2 points on new. May notices were reportedly being stopped, rain forecasts persisted across the belt, and traders weighed bullish weekly stats against profit taking as prices closed about 1 8 points higher.
Futures opened steady with bids in April at 15.25 May 15.26 July 15.41 August 14.81 October 13.11 12 and December 13.05 06 indicating slight near term firmness across several contracts.
Liverpool cotton reports closing spot prices down slightly with American middling at 8.81 and U S receipts at 10 000 bales. Futures opened barely steady and closed steady with several near term spread quotes and ongoing speculative/export activity noted.
The market shows middling to firm tones at several ports. Liverpool bids at 8.2 percent with 7,000 units. New York quiet at 38.88 with 3.55. New Orleans firm at 168 16, with 777 units. Houston steady at 0.158 16, 2,153. Galveston steady at 0.15 with 1,476.
Memphis reports spot cotton steady at middling 15 1 8 cents. Houston notes spot cotton steady at middling 15 3 16 cents.
New York April 28 spot cotton trading activity noted with reported price movements and market interest.
New York April 28 Canada Pacific shares rose 1 percent to a record high as the market opened, with few major changes otherwise. The, market firm with many active stocks edging up slightly. some specials posted sizable moves while profit taking pulled others back.
New York markets close with prime mercantile paper at 8 percent. Sterling exchange steady with bankers bills at 4.84.40 for 60 day bills and 4.86.45 for demand. Commercial bills 4.83. Bar silver 53.5 cents. Mexican dollars 45 cents. Government bonds steady and railroad bonds firm.
Money on call stood at 2 percent with a ruling rate and closing bid at 2 percent and offers at 2 percent. Time loans were quiet with little activity as sixty day loans at 90 days carried 2 percent and six months remained at 2 percent.
The report notes a closing edge of ten points as a middling outcome with middling gulf figures 15.86 and 15.60. Sales appear steady though details are sparse.
Galveston Texas April 28 spot cotton prices show middling grade steady at latest quote with buyers and sellers watching market cues.
New Orleans spot cotton prices show firm to unchanged sales with arrivals. Listings include low ordinary 11.5 percent, ordinary 12 9 16, good ordinary 14 1 2, strict good ordinary 14 1 2, low middling 14 15 16, middling 15 3 16, strict middling 15 7 16, good middling 15 18 16, middling fair 15 1 16, fair to fair 16 7 16. Receipts reported at 594 stock.
At Union Stock Yards on April 28 about 200 head were on hand with a solid buyers’ slate. Cows sold steady with top at 4.50 and averages around 3.50, calves ranged to 5.00, hogs held a strong bid up to 6.25, and shipments included cars from Palestine and San Antonio. Chicago receipts showed cattle 1500 at 5.00 to 6.45, hogs 18000 with market steady to lower.
Cattle receipts 5000 with steady market. Native steers 5.00 to 6.15, southern steers 4.25 to 5.90, southern cows and heifers 3.25 to 4.75, native cows and heifers 3.00 to 5.80, stockers and feeders 4.75 to 5.60, bulls 4.00 to 5.00, calves 4.00 to 6.25, western steers 4.55 to 5.90, western cows 3.25 to 5.00. Hogs receipts 6000, market steady to weak. Bulk 6.00 to 6.10, packers 6.00 to 6.15, lights 6.05 to 6.15. Sheep receipts 3000, market steady. Muttons 3.25 to 4.50, lambs 4.90 to 5.75, fed wethers and yearlings 3.75 to 5.00, fed western ewes 3.40 to 4.00.
Receipts total 300 cattle with 100 Texans, hogs 9500, and 1500 sheep. Cattle prices include native beef steers 5.00 to 6.25, native cows and heifers 6.10 to 38.60, stockers and feeders 5.40, Texas and Oklahoma steers 4.50 to 6.15, calves in carload lots around 6.00. Hogs steady with 6.10 to 6.25 for pigs and lights, lambs 5.75, muttons 3.75 to 4.25. Market holding steady overall.
Fort Worth Texas April 28 Friday's receipts at the yards were light with 1500 cattle 300 calves 1200 hogs and 1200 sheep. Steers strong to a dime higher cows steady canners lower calves and bulls steady hogs 50 higher sheep steady. A few loads of beef steers sold at 5.15 and the bulk 4.70 4.95. Hogs choice 6.40 bulk 6.10 6.25. No sheep for market. One lot spring lambs 5.
The Light emphasizes that readers who study want ads closely reap all the bargains. This item notes prudent shoppers find the best deals by paying attention to listings.
Forecast for San Antonio and vicinity through 7 p m Saturday calls for increasing cloudiness tonight and unsettled weather tomorrow with warmer conditions in the northeast. East Texas also shows increasing clouds tonight with unsettled, colder conditions in the extreme northwest. The storm area stretches from northern Mexico to Manitoba with rain reaching the south Atlantic states and northwestward to the upper lake region. Snow and freezing temperatures are expected in Montana and Saskatchewan.
Government provision contracts for Fort Sam Houston and the maneuver camp May bids are opened this morning with bidders present and some have preordered goods from eastern suppliers. Market notes show dull produce trade with green vegetables cheaper locally, while evaporated fruits face price pressures from California labor costs and Lima bean price controls.
Readable items include Jonathan apples Florida tomatoes oranges lemons cabbage limes grapefruit and other vegetables listed under fresh arrivals at the UITT Commission Co market. Transportation and stock terms appear in brief.
Price to shipperless commission. Price to retailer: Butter Creamery per pound 29¢ country butter 13 20c GGS Country dozen 14c. Cheese Fancy cream 18c fancy brick 20c American Swiss 24c imported Swiss 3lc Limburger 20¢ Badger State 1%. Poultry Broilers 3.25 3.50 fryers 6.00 6.50 hens 6.00 6.25 game hens dozen 3.25 3.60 ducks dozen 6 7.00 squabs dozen 1.25 1.50 geese 10.00 15.00 turkeys pound 16 lic.
Quotations for dairy eggs and poultry in Chicago today show steady butter and eggs with receipts of 35 234 cases. Milk products list varied quotes for creamery and daisies, with cheese and pork steady. Potatoes weaken while poultry remains firm with turkeys and chickens at 14c and 14 1 4c respectively. Veal prices hold at 6 to 7 9c for various weight ranges.
Kansas City market update lists butter creamery firsts at 21 cents, seconds 16 cents, packing stock 18 cents. Eggs extras 17 a half cents, firsts 15 1/2 cents. Prices reflect today’s quotations for buyers and sellers.
New York on April 28 reports quotations steady and receipts at 20 025 cases. The market shows unchanged prices and ample supply as traders hold positions amid calm demand.
A brief list of commodity quotes shows cent-quotations for items today including chickens at 1243c, springs at 17c, turkeys 14 16, ducks 14c, geese 6, butter steady and creamery 15 22c. Eyes firm at 15c. Spelter quiet at $6,320.
In Memphis on April 28 the prime basis stood at 15.26 with meal at 23.75 and linters at 3 percent 45.0, reflecting current trading values for cotton seed by products.
New York cotton seed oil prices for open and close trades listed for May, July and September contracts. Prices show narrow changes with May at about 6.28 open and 6.20 close, July near 6.38 to 6.41, and September around 6.39 to 6.41.
A terse notice hints at a price driven request for a work horse titled Too Late to Classify. The snippet mentions Austin and a new phone line with codes 607% and 1784 red, plus a letter for Kirstie Mrs Engebreston at the post office.
The bulletin provides temperature and rainfall data for Houston district stations for the last 24 hours ending at 8 a.m. Central Time. It notes minimum temperatures over the past 12 hours and clarifies that some markers are not used in district averages.
The belt remains unsettled with near normal temperatures. Rainfall of an inch or more reported at many stations in the Memphis Mobile and Montgomery districts. Allen L local forecaster Weather Bureau reports. Mrs J Jacobus and daughter Miss Lucia Frances travel to Nashville to attend the funeral of Dan Vinson father of Mrs Jacobus.
Chicago dispatch reports wheat gains after forecasts of falling world shipments. Declines in exports from Australia India and Argentina plus steady Liverpool demand support prices. Corn shows strength on wet weather while May wheat moves up to 87 to 87 1/2 cents and July stays firm. Provisions ease as hogs and cattle prices adjust from the prior year.
Chicago April 28 receipts and shipments today show Wheat 6,400 bushels shipped and Corn 196,200 bushels received, Oats 299,900 bushels shipped, Rye 1,500 bushels received, Barley 49,500 bushels shipped. totals reflect mixed movement across grains.
Chicago on April 28 reports quotations for various grain grades and oats. No. 1 northern wheat traded near 1.00 to 1.03 dollars, No. 2 red and hard around 0.90 to 0.91 dollars, corn near 0.58 to 0.60 dollars, oats around 2.00 dollars, with multiple grade designations listed in the standard market ledger.
Chicago copies show April 28 receipts with wheat 10 cars including 6 of contract grade, corn 201 cars with 389 of contract grade, oats 150 cars. Totals for Minneapolis and Duluth today list wheat receipts as cars, vs 194 cars yesterday and 140 cars the same day last year.
Cash wheat unchanged with No 8 hard at 86% and 94c. No 2 red at 89 900, corn steady to a lower. No 8 mixed 49% with No 2 white 49% 500, oats. No 2 white 84 86c, No 2 mixed 32 330. Futures close includes May wheat 83% and July 89? months and September 50%c with various bids.
In St Louis on April 38 quotations show wheat firm with No 2 red 91 98 cents and No 2 hard 89 99 cents. Corn remains steady with No 2 track 52 thirds and No 8 white 52 cents. Oats steady with May and July at 31 cents.
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