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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 08, 1911
Page
13
The cotton market opens steady with May at 14.34 to 14.35, July 14.15 to 14.16, and later ranges around 12.41 to 12.53. Prices move fractions up and down on renewed covering, spot demand, and rumors of a Barcelona house failure, closing barely steady after a cautious day.
San Antonio grocers and wholesalers prepare to supply Fort Sam Houston and 20 000 additional troops expected within five days The provisioning plan covers Fort Sam Houston Fort Clark Fort McIntosh and Fort Bliss with orders to be delivered by March 15 Local jobbers anticipate near 200 000 worth of provisions and may source from open market if contracts fall short
Forecast for San Antonio and vicinity calls for fair conditions tonight and Thursday with unsettled weather elsewhere. A principal storm lies over the northwest, another disturbance off the South Atlantic coast, with rainfall of an inch or more in parts of North Carolina and freezing temperatures limited to extreme northern districts.
Cotton futures opened steady with a 2.3 point rise on good cables. Short covering followed after positive reports from Live Pool and Manchester and strong spot demand in the Mississippi valley. By late morning prices slipped to new day lows, closing 6 to 10 points below yesterday.
Liverpool March 8 closing cotton shows increased demand with prices for American middling fair at 8.08 and middling 7.64. Daily sales reach 10 000 bales, including 9500 American, with 2000 bales received, 400 American. Futures open firm and close quiet and steady across the forward curve.
Spot cotton remains steady with middling grades around 14 to 14 1/16 cents. Houston and New Orleans show quiet or firm tones, while New York posts 14.30 to 14.38 for middling uplands and gulf with 248 bales sold. Local markets in Memphis and Galveston reflect modest activity and unchanged prices.
New Orleans spot cotton remains firm and unchanged with 115 bales sold on the spot and 545 bales to arrive. Quotations show low ordinary 10 15 16 nominal, ordinary 11 1/2 nominal, good ordinary 13 3/16, strict good ordinary 12 9/16, middling 14%, strict middling 15, good middling 14 13/16, fair to good 15 16 cents, receipts total 4,168 bales and stocks at 142,140 bales.
The New York Central directors cut the quarterly dividend to 1 percent, a decline from last quarter. Lake Shore and Michigan Southern, owned by NY Central, announced a six percent extra dividend.
Associated Press reports New York money on call steady at 2 percent with ruling and closing bids also at 2 percent. Time loans ease with 60 days at 2 percent, 90 days at 3 percent, and six months offered at 3 percent.
In New York on March 8 prime mercantile paper closes steady with bank bills at 4.84 20 for 60 day bills and 4.86 40 for demand. Commercial bills 4.84 to 4.88. Bar silver at 52 3 4 cents and Mexican dollars at 45 cents. Government bonds hold steady while railroad bonds show mixed moves.
Report shows current and prior year cotton receipts by port including Houston Memphis St Louis and Little Rock. Counts for Houston 2044 this year and 2456 last year. Memphis 1593 and 1059. St Louis 277 and 837. Little Rock 843 and 527.
Cotton seed products show Memphis prices 5.80 for prime oil and 3 1/2 percent for linters. New York quotations list open and close values for cotton seed oil with March to August contracts, indicating slight shifts in bid and ask levels.
Lead steady at 4.25 dollars, spelter firm at 5.50, poultry steady with chickens 12 1/2 cents, springs and turkey 14 1/2 to 16 1/2 cents, ducks 14 cents, geese 8 cents. Butter higher, creamery 19 to 27 cents. Eggs higher at 16 1/2 to 24 cents.
Butter and eggs hold firm with creams and firsts at steady marks. Cheese shows firmness with varied grades from daisies to long horns. Poultry remains steady as turkeys and springs trade near unchanged, veal prices listed by weight classes. Receipts for eggs reach 19,253 cases with mixed case costs noted.
Associated Press notes firm quotes for eggs and cash wheat steady at No 2 red 95c and No 2 hard 90c Oats and corn also firm with No 2 track 46%c No 2 white 47c May futures higher wheat 91%c July 97%c corn May 474% July 48% oats May 28%c July 29%c A Colman printer 416 Main Ave.
Hog prices improved with top sales at 7.50 on a light shipment day. Cows and calves sold steady with cows up to 3.65, calves at 4, and hogs averaging 6.75 for bulk sales. A sparse shipping list included 78 hogs from Sabinal to Fort Worth and mixed cattle from Hondo to Fort Worth.
Receipts: cattle 2000 including 400 Texas. market steady. Native beef steers 5.00 to 7.00. cows and heifers 4.00 to 6.50. stockers 3.75 to 5.65. Texas steers 4.50 to 6.50. calves 5.00 to 8.00. Hogs receipts 14,000. market 10 cents lower. pigs 6.90 to 7.20. butchers and heavy 6.90. Sheep receipts 2000. market steady. wethers 3.75 to 4.75. lambs 5.50.
Kansas City reports receipts for cattle at 8000 including 200 southerns with prices from 3.00 to 6.75 for various classes and hog receipts at 14000 with most sales around 6.90 to 7.00. Market movements show steady to slightly lower trends for cattle and hogs with lighter demand on certain cuts. Lambs and sheep prices appear firmer in the same session with moderate ranges noted for wethers and yearlings.
AP reports Chicago market figures with cattle receipts about 18,000 head and prices from 2.65 to 9.00 for calves while hog receipts near 37,000 and prices from 6.60 to 7.15 for various classes and sheep receipts about 24,000 with native and western lamb ranges. Market shows steady to lower movements across all species.
Washington reports March 1 grain on farms: wheat 179,690,000 bushels. corn 1,265,634,000. oats 421,845,000. barley 30,062,000. Wheat 25.8 percent of 1910 crop, 23.5 percent of 1909 crop on farms. Shipped out percentages, merchantable share, and ten year averages also noted.
Chicago traders react to government crop reserve bearishness and Argentine harvest weather. Liverpool market also soft, cash demand weak. May wheat opens near prior close, corn and oats ease, hog-led provisions fall. Cash wheats and Corn prices listed, including No 2 reds and springs, with ranges for futures.
Receipts today include 10 cars of wheat including 1 contract grade, 292 cars of corn none contract grade, and 90 cars of oats with 7. Total wheat receipts at Chicago Minneapolis and Duluth reached 155 cars, up from 143 cars last week and 485 cars a year ago.
Quotations today show cash wheat and corn holding steady. No 2 hard wheat around 87 to 97. No 2 red 93 to 95. Corn No 2 mixed about 43 cents. Futures close Wheat May 87.5, July 84.5. Corn May 46.75, July 46.5.
A 1910 guidance list details prices at City Market House for eggs butter dressed poultry and meats fresh and cured fruits and vegetables with per unit and per quantity figures including eggs at 30c a dozen fruit baskets and multiple vegetable line items priced by pound or quart with assorted items such as mangos 3 for 10c bananas 15 20c and cucumbers 20c each
Morning trade shows prices unchanged from yesterday with butter eggs and chickens holding high values. Vegetables move easily with heavy housewife demand while strawberries improve on lighter supplies. Port Sam Houston prepares for 20000 troops as the Pruitt Commission receives apples and cane seed cars.
J. Murphy of the San Angelo Standard received a letter from a local thief who had stolen his trousers and some money at a hotel in Wace Texas. The note mocked the loss and returned the stolen railroad ticket as a taunt.
The Eleventh Cavalry, 760 men under Colonel Parker, left Fort Oglethorpe at noon today marching via the Southern railway toward Fort Sam Houston. Undertaking Co. auto ambulance service is listed with contact details in Chattanooga.
Emily M. Gordon 35 died yesterday survived by Emmett Gordon and relatives. Funeral at her mother 208 Bowie Street Thursday. Ann P Beichlitz 40 formerly Chicago died after operation in local hospital, body shipped to Victoria for interment. J H Cunningham 43 died at 111 Dallas Street, death due to dropsy, body sent to Canton Mississippi for interment.
Three murder cases were scheduled for trial in the Thirty-seventh district criminal court with special venires of 50 men each. John Wren faces a March 27 trial for the May 1 1910 stabbing death of Steve Moore. Catarina and Augustin Rodriguez face March 29 for the November 20 1910 murder of Silvester Hernar after threats at the Rodriguez home.
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