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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 29, 1911
Page
7
Cotton shorts hold values as profit taking cools buying amid a downward market trend. Bullish outlooks for the northwest spring crop are offset by favorable harvest news from England. September grains show mixed opens with small gains and declines, while pork lard and ribs futures edge higher.
Chicago dispatch notes receipts and shipments for the day, listing totals across commodities and warehouses. Details include quantities moved, carrier names, and destination points, reflecting ongoing trade activity in the metropolitan area.
Chicago market notes receipts across Wheat 61 and 463 contract grade, Corn 128 with 82 contract grade, Oats 337. Total wheat receipts at Chicago Minneapolis and South today 937 cars, up from 807 last week and 706 a year ago.
Cash grain values in Chicago on July 29 show No 2 red wheat at 86 1 2 to 87 1 2 cents, No 2 hard wheat 88 to 90 1 2 cents, No 1 ore 105 to 108 cents, No 2 northern 102 to 105 1 2 cents, No 2 spring 92 cents, and corn No 2 at 63 1 4 to 63 1 2 cents, oats No 2 38 cents, No 2 white 39 to 40 cents, standard 89 3 4 to 40 cents.
Cash grain prices in St Louis show wheat firm with No 2 hard at 89 to 94 cents and No 2 track 84 to 85 1 2 cents. Corn steady with No 2 track 65 1 2 cents and No 7 white 57 1 2, oats steady at 38 1 2 cents for No 2 track and 40 cents for No 2 white. nearby futures mixed with wheat Sept 86 3 4 to 86 7 8 cents and Dec 91 3 8 to 91 1 2 cents, corn Sept 64 5 8 cents and Dec 61 3 4 cents.
Cash grain in Kansas City shows wheat unchanged at 86 91 cents for No. 2 hard and 84 for No. 2 red. Corn firm to up 1 4 cent with No. 2 mixed at 62 1/2 to 68 cents and No. 2 white at 63 cents. Oats steady with No. 2 white 40 40 1/2 cents and No. 2 mixed 38 38 1/2 cents. September wheat 86 1/2 cents, December 86 cents sellers. corn September 63 1/2 cents sellers, December 60 5/8 cents sellers, May 64 cents sellers.
Memphis July 29 prime basis oil quoted at 4.66 to 4.67 per barrel, meal at 26.50, linters around 8 percent. Indicates pricing for cotton seed products with current bids and yields.
The Associated Press reports New York on July 29 recorded cottonseed oil quotations for today with price movements and market observations across key grades and sources.
HALLETTSVILLE Tex July 29 The local lodge of Rebekahs held installation services Thursday night with officers led by Miss Katie Landa noble grand and Mrs Jessie Schwartz vice grand Also listed were Mrs Dave Landa secretary Miss Ellen Deborah treasurer Mrs Sami Reichman chaplain Miss Daisy Townsend warden Miss Sarah Landa conductor Miss Maggie Woodall inner guard and Mrs A B McKennon outer guard.
The July 29 forecast shows San Antonio and nearby areas cloudy tonight and Sunday with generally cloudy conditions in East Texas. Rain possible in parts of north Texas and the Ohio valley as air pressure distribution remains irregular and weather unsettled. Temperature expected to be nearly normal.
July 28 at Union Stock Yards reports a dull market with receipts about half a score head and vacant pens. Despite the softness today, the nation’s cattle trade shows upward pressure with recent advances in quotations and expectations of stronger demand for the new week.
El Paso cattle dealers contracted to buy 6000 fat beef steers in the Casas Grandes area Chihuahua for shipment to the United States. Shipments start August 1 via the Mexico and Northwestern railroad entering at El Paso with most cattle heading to Fort Worth and about 1000 to California butchers.
Chicago July 29 cattle receipts about 2000 and steady to firm prices. Texas and western steers range 4.40 to 6.10 with feeders 3.23 to 5.35 and calves 5.50 to 8.00. Hogs receipts about 9000 steady to a bit higher with best heavies 6.90 to 7.30 and bulk sales around 6.90 to 7.20. Sheep receipts about 3000 with prices not shown.
Market weak. Native 2.80 4.25, western 2.60 4.25, yearlings 3.0 5.75, nacV lambs 3.75 7.10, tern 4.50.
Quotations from Kansas City show cattle receipts at 100 with steady market. Steers range from 4.75 to 7.25 with various classes listed. Hogs receipts at 1500 with prices from 4.85 to 7.95, and sheep market steady with muttons at 3.60 to 4.50 and lambs at 5.50 to 7.00.
In St Louis on July 29 receipts reach 300 cattle 3500 hogs and 300 sheep. Cattle steady with Native beef steers 4.50 to 6.30, cows 3.00 to 6.65, stockers 3.00 to 4.75, Texas steers 4.00 to 6.25, calves 4.00 to 5.60. Hogs strong with pigs 4.50 to 7.00, packers 7.15 to 7.25, butchers 7.20 to 7.30. Sheep steady with muttons 3.50 to 4.50 and lambs 4.00 to 7.50.
London reports 200000 pounds of bullion taken from the Bank of England for shipment to Constantinople today. The move underscores continued ties between Britain and the Ottoman capital and reflects bullion transfers amid global markets.
Deputy Sheriff Galbraith jailed six occupants including J B Martin owner and Billy Dunaway driver on speeding charges after an auto party of six from San Antonio allegedly traveled 16 to 40 mph. The team frightened near Somerset, causing Grover Newman to be thrown and injured. Others named were Stanley J Miller T L Blackmon and Charles Neal.
William P. Atwall of Washington D C American consul at Ghent Belgium and a Civil War veteran died in Ghent yesterday.
New York reports money on call nominal with dull time loans. Rates show 60 days at 2 percent, 3 month at 2 percent 38, and six months at 3 percent 54.
Close mercantile paper at 4 4 percent. Sterling exchange steady with bankers bills at 4 84.50 for sixty day bills and 4 86.20 for demand. Commercial bills 4 84. Bar silver 51. Mexican dollars 45. Government and railroad bonds steady.
Associated Press report from New Orleans July 29 lists cotton seed oil prime refined in barrels at 6.00 per pound, choice meal at 8 per cent ammonia at 29 dollars per long ton, and choice cake at 26 dollars per long ton.
Congressman Smith has been granted indefinite leave of absence due to illness. Special Washington report notes the lawmaker’s absence begins immediately and will affect committee work and attendance.
Paris July 29 The condition of American financier John W. Gates who lies seriously ill at a hotel worsened today after a chest cold developed into faint pulmonary congestion during the night.
New York opened easy with declines around 22 points for August and 4 1/8 on the later months as buyers covered scantily and selling persisted amid favorable crop reports and weather. The market closed easy with net losses of about 9 to 20 points after a brief rally.
In New York on July 29 cotton futures opened easy with Jan at 11.0834, March 11.1415, May 11.2425, July 13.25 offered, August 11.86 offered, September 11.36 offered, October 11.0708, December 11.0809. Futures closed easy with similar tone across contracts.
New Orleans July 29 Cotton futures opened steady to weaker, with July and August contracts trading 14 to 17 points below yesterday's close at midmorning. Reports of good crops and favorable weather supported some selling pressure as traders anticipated further declines. end of first half hour showed broad weakness and lower prices across months.
Commodities futures opened barely steady with August through March contracts showing small shifts. Open and close figures indicate modest declines and gains across September October December January and March positions, painting a subdued trading session with narrowed ranges.
Close spot cotton in Liverpool eases 11 points with American middling fair at 17.39 and sales for the day reported at 4000 bales including 2700 American. Futures show quiet trading across the calendar with modest declines in several month spreads. No receipts recorded.
Spot cotton quiet with a slight decline and no new arrivals. Prices quoted across grades from low ordinary to strict good middling, with receipts 122 bales and stock at 25,866 bales as of July 29 in New Orleans.
Memphis July 2 market note reports cotton steady with a 4 cent decline, middling quality grades around 13 and a quarter cents. Prices reflect modest shifts on futures and spot bids, amid steady trader activity in the Memphis area.
Spot cotton in Houston on July 29 closed steady with middling grade at 12 1 2 cents.
Galveston Texas reports spot cotton quiet with prices down by a fraction, middling at 12 percent. Sales total 200 bales as of July 29.
Spot cotton finished quiet in New York on July 29, down 25 points. Middling uplands quoted at 18.25, middling gulf at 13.50. Sales reported at 760 bales.
Three deaths recorded on or near July 26 27 list ages 70 69 and 62. F Krause died at 616 Water Street on July 27. Joseph J Irwin died at Dallas Street on July 27. Andrew Marberly died at Bexar County Hospital on July 26.
The bear faction triggered a sharp market downturn with prices slipping in leading issues. European holders dumped American securities amid Moroccan tensions, while Canada’s reciprocity hopes faded as ratification delays weighed on Canadian roads. The ICC ordered rail rate readjustments as industrials fluctuated less. United States Steel rose on a favorable earnings report.
The cotton bureau report dominates today as bulls retreat from old crop while European buyers stay cautious. Texas reports improving conditions with new crop piling at rail depots. Houston receipts reach 4070 bales versus 325 year ago. Savannah and Atlanta mark first new bales, with August expected strong movement.
The New York market closed steady with a net decline of 1 to 4 points. Trading totaled 37,750 bags. Spot coffees were quiet with No 7 Rio at 185 160, Santos No 4 at 13 T-Sc. Mild coffee showed dull activity with Cordova at 14 160, nominal.
New York market report shows oats steady while wool remains quiet and rice holds firm. The brief item lists a mix of commodities with no clear buyers or sellers.
In New York on July 29 small orders dominated the bottom goods market. Local woolens were quiet and held steady as yarns remained easy and demand soft.
The Texas cotton crop spurs labor influx as workers fill farms and markets. Eggs and butter rise with San Antonio buyers seeking scarce supplies and local dealers predicting sustained strength. Forts Sam Houston Fort McIntosh Fort Bliss draw demand while overall food prices jump with oats and sugar climbing.
Price to shipper tess commission. Price to retailer Butter Creamery per pound 12 15c. country butter 14 15c. Cheese Fancy cream 1849c, brick 20c, American Swiss 24c, imported Swiss 8ic, Limburger 20c. Poultry large choice dozen 6.00, medium 5.00, large spring 4.00, medium spring 2.75, small spring 2.25. Guineas per dozen 3.26, ducks per dozen 6.00 to 6.50, squab 1.25, turkeys per pound 15-16c.
Quotations show cheese steady and a range for daisies twins and Young Americas. Poultry live is weak with turkeys and fowls priced. Veal steadies with weight bands from 50 to 110 pounds and prices cited.
Quotations show poultry steady to higher with chickens 10c, sorting 13c, turkeys 1c, ducks 10 1 2c. Butter firm at 21 cents for creamery. eggs steady at 10c.
New York date shows egg prices steady with no change in trade. Receipts reported at 9958 cases.
Kansas City market report lists creamery items with prices: firsts at 24c and 22c, packing stock 18c, eggs extras 19 1 2c, firsts 15 1 3 3 seconds 81 2c. Includes July 29 data from the local dairy trade.
Report from New York on July 29 cites molasses sugar and Muscovado varieties with prices and tests for raw and refined sugars. Mentions centrifugal processing, test levels around 89 and 96, with various grade identifiers and market terms for 1.6 and 3.86 quantities.
In New Orleans traders moved over a thousand sacks of Honduras rough rice at high prices. Fresh clean rice also traded widely amid strong receipts. Rough rice up to 3.55 to 3.65 per unit, clean Honduras around 2.14 to 2.43, with Japan rice and related quotations listed.
A baby boy was born to Mr and Mrs F Seele on July 5 at 236 Beck Street according to the birth record.
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