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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 30, 1911
Page
21
New York reports April 29 that visible U S cotton supply exceeds last year's by about 100000 bales. Receipts remain 25 percent below last year while weekly spinners takeings run 10 to 25 percent above 1910 levels. Shorts cover, July at 15.40, May demand urgent, later months light.
The New York market shows steady opens with January at 13.00 and March 13.12 while May hits 15.16 and July 15.82 as futures quotes. In the day’s session Jan closes around 18.06 and May around 15.26 with other months trading in narrow ranges.
In New Orleans on April 29 cotton futures opened steady with old crop months up 4 to 6 points and new crop flat to 1 point down. Cables improved but a bearish weather map and forecasts of unsettled showers across the belt spurred buying, lifting old crops 5 to 7 points and new crops 2 points above yesterday's close by midmorning.
Cotton futures in New Orleans opened steady with May at 15.80 to 15.88 and July around 15.42 to 15.46. The market closed steady for the session with mixed early moves and a net advance of about 8 to 11 points across months, with May, July, August and October quoted at the session highs and lows.
Closing cotton prices rose four points in Liverpool with American middling fair at 8.85 and middling at 8.81. Daily sales reached 5000 bales with 4000 American and 200 receipts from the Americas, futures opening barely steady and closing steady.
Market notes show mixed activity with New York quiet at 91 and New Orleans at 5 3/16 and 523 Houston available. Galveston reports steady at 115 5-16 with 226 on a closing quote.
In New Orleans on April 29 spot cotton rose 2 16 to 1/2 higher with sales at 53 to arrive 170. Class prices ranged from low ordinary 11 13 16 to good middling 15 7 16 with strict and nominal distinctions. Receipts totaled 6434 and stock at 98 137.
Market report notes Cotto spot closed quiet with a 10 point rise. Uplands at 15.45 and Gulf at 15.70, no sales recorded.
Galveston Texas spot cotton remains steady with a rise of 1 16 between middling 15 5 16. Houston Texas April 29 spot cotton also steady unchanged with middling at 133 16.
Memphis cotton market report from April 29 notes spot cotton steady with a fractional rise of 1/8 to 15 1/8 cents per pound for middling. Local buyers and sellers maintain cautious activity as price levels hold.
A feature on Robert Dougherty succeeding his father at the Alamo Commission company of San Antonio and Fort Worth. The article chronicles his upbringing in cattle trade, early work as a bookkeeper, rise to secretary, and succession after E. Dougherty’s death with B. Lockhart guiding as president.
New York on April 29 reports money on call at nominal rates. Time loans show easy conditions with 60 day and 90 day at 2 percent and six months at 3 percent.
New York April 29 The stock market rose substantially with Union Pacific Reading and Steel leading gains. Canadian Pacific reached a high record as New Haven Lehigh Valley and Canadian preferred also advanced. Surging rails orders and cheap money underpin the upbeat tone amid improved bond demand and Amalgamated Copper reform gains.
New York quotations on the Stock Exchange show steady to firmer activity with gains across most sectors. London dealings report good buying in home railways and Canadian Pacific shares, lifting prices, while mining stocks and consols recovered some recent losses.
The clearing house banks show a reserve excess of 40,683,175 over the 25 percent requirement, up 4,384,975 from last week. Daily figures list loans 1,359,352,600. deposits total 1,502,900 in U S deposits. reserve 893,432,700. surplus 40,452,500. state banks in Greater New York report loans 1,154,070,300 and total deposits 1,279,440,900.
The report shows a high of 84 and a low of 70 with an average of 77. Precipitation totals are 0 inches against a 12 inch normal, with January through date rainfall at 7.81 inches. Wind peaks at 14 miles per hour from the southeast. Sunday sun rises at 5 53 a m and sets at 7 09 p m.
San Antonio markets show plentiful vegetables all week with prices at a low level. Rainy cold weather shifts demand to heavier staple foods while fruit prices stay steady though bananas face light supply. Government contract bids dominated wholesale news with evaporated apples and canned peas the only price changes. Eyes steady at 15 cents and poultry supplies remain heavy while butter remains quiet and slightly lower.
The domestic refined sugar market held steady at $4.90 less 2 percent cash for fine granulated. Spot raw values remained $3.92 centrifugal, $3.42 Muscovado, and $3.70 molasses. London beet sugar eased to 108 1 2d for April and May.
The New York market opened steady and closed 10 points higher as futures held firm. Totals reached 54,000 bags with Hamburg unchanged to 1 4 pfennig higher, Havre up a quarter franc, Santos up 60 reis, and Rio unchanged.
Price to shipperless commission and to retailer listed. Butter per pound 20c creamery 20c country 15c. cheese fancy cream 18c, brick 20c, Swiss 24c, imported Swiss 81c, Limburger 20c, Badger State 19c. Poultry prices include broilers 3.25 to 3.50, fryers 6.00 to 6.50, hens 6.00 to 6.25, ducks dozen 7.00, squabs 1.25 to 1.50, geese 10.00 to 15.00, turkeys 16 to 37c per pound.
Kansas City market quotes list creamery butter at 21 cents for firsts and 18 cents for seconds, packing stock at 18 cents. Eggs quoted at 17 1/2 cents for extras, 15 1/2 cents for firsts.
New York April 29 Quotations Eyes weak. Receipts 27 008 cases. Fresh gathered storage packed firsts 18 percent Western duck eggs 17 20c Do southern 17 22c.
Readable items list fresh arrivals including Jonathan apples Florida tomatoes and various citrus and produce. Pruett Commission Co appears as the vendor or commission agent with multiple fruit and vegetable entries noted.
At Union Stock Yards the week saw weak beef demand with heavy beef supply and slow trade for cows and feeders. Calves and hogs showed strength with top calves at 6.00 and hogs trading up to 6.50, while cows hovered around 3.75 to 4.50 and general sales remained limited.
Quotations show butter steady for creameries and daisies at 13 18c. Eggs weak with receipts 29 074 cases at market. Cheese steady with daisies 12 ½c and Twins 12½c. Poultry live prices ease turkeys 11 4c hens 13 8c. Veal steady across weight classes 50 to 110 pounds 66 ¾c to 7%c.
The Rathskellar in San Antonio operates from noon to midnight offering good service and a choice of delicatessen and short orders. The Blue Cafe is noted with an Arist's orchestra mentioned alongside phone numbers.
Fort Worth Texas April 29 cattle receipts 400 calves 75 market quiet and steady. Steers ranged from 5 to 5.05 for the best with bulk around 4.75. Cows 3.36 fed heifers 6.85 bulls quiet and steady. Hogs weak 50 to 10 cents lower with bulk 6.00 to 6.15.
Receipts and quotes for cattle hogs and sheep are listed. Cattle receipts about 200 with steady market. hogs receipts around 13,000 with weak to five cents lower. sheep receipts near 10,000 with market steady. Prices cover steer heifers cows calves and various hog and sheep categories across terms and ranges.
Cattle receipts 200 with steady market. Native steers 5.00 to 6.16, southern steers 4.26 to 4.90, cows and heifers 3.00 to 4.80, feeders 4.75 to 5.60, bulls 4.00 to 5.00, calves 4.00 to 6.25, western cattle 4.55 to 5.90. Hogs receipts 3000, market weak to five cents lower. bulk 6.00 to 6.10, heavies 5.95 to 6.05, lights 6.05 to 6.15. Sheep receipts 500. muttons 3.40 to 4.25, lambs 4.90 to 6.75, fed wethers and yearlings 3.75 to 5.00, fed western ewes 3.40 to 5.00.
Receipts total 100 cattle with no Texans. Native beef steers bring 5.00 to 6.20, cows and heifers 3.50 to 6.10, stockers 3.00 to 5.40, Texas and Oklahoma steers 4.50 to 6.15, cows 3.60 to 5.60, calves 5.00 to 6.75. Hogs about 5500 head, market steady with pigs and lights 6.05 to 6.20, packers 5.60 to 6.20, butchers 6.05 to 6.20. No sheep reported.
In New York on April 2 the mercantile paper market shows steady dealings with 3 percent Sterling exchange. Bankers' bills quoted at 4.8440 for 60 day bills and 4.8645 for demand. Silver and bond prices appear firm amid government and railroad activity.
Quintero offers two coats for new or old walls making them beautiful and sanitary. The paint is advertised as lasting forever and sold only at McDonald’s, 322 E. Houston Street.
Wheat futures show heavy selling pressure as large Ohio Indiana and Missouri holdings move to Chicago for May deliveries. Traders expect 4 000 000 bushels on May contracts with 4 800 000 bushels already stored, while showers and moisture concerns in Nebraska and the spring wheat belt add to volatility.
Chicago April 29 receipts and shipments reported today with grain movement details. Notable entries cover wheat corn and oats, with quantities moving through local terminals and arms of trade.
Chicago reports today total arrivals of wheat 17 cars including 6 contract grade. Corn 884 cars with 50 contract grade. Oars 145 cars. Minneapolis and Duluth receipts totaled unknown cars, versus 246 last week and 175 on the same day last year.
Cash wheat prices show No 2 red 91 91 percent No 2 hard 91 93 No 1 northern 38 1 92 percent No 2 northern 98 1 02 No 2 spring 94 98 Corn No 2 52 percent 580 White 52 percent 538c No A Jour Oats No 2 sialic ge percent white 32 percent 33c Standard 32 percent 33c
May wheat at 844 percent, July 82 percent bid, September 824 bi. Corn bids for May 48 cents, July 49 percent sellers, September 50 percent. Cash wheat weaker. No 2 hard 96 and 89 90e. Corn 4 percent lower. No 2 mixed 49e. No 2 white 49e. Gets unchanged. No 2 white 34 35a. No 2 mixed 32 tec.
Quotes show cash wheat steady with No 2 red at 9 and a half to 10 cents, No 2 hard at 90 to 99 cents. Corn advances with No 2 track at 52 and a half cents, No 2 white around 52 to 54 cents. Oats steady to higher with May futures near 32 to 51 and July around 34 cents.
The April 29 report shows cotton seed trading in New York with moderate activity. Prices moved slightly higher across delivery months with spot around 6.30 to 6.35 per unit and May through September bids and offers varying, reflecting a tentative uptrend in crude markets.
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