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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 18, 1911
Page
9
The cotton market opened barely steady with a morning advance then fell about 16 points from yesterday, with May around 14.50 and July about 14.33 as traders waited for the census report. By close the market was very steady, with futures showing net 16 points lower.
Forecast till 7 pm Sunday in San Antonio and vicinity calls for unsettled weather with rain tonight or Sunday and colder tonight. East Texas also faces unsettled conditions with rain tonight or Sunday and cooling. A broad rain snow cloud band spans from the southwest to eastern Canadian provinces with heavy rainfall around Fort Worth and Palestine, freezing reaching northeastern districts and western Texas as far south as northwest Texas.
Prices slipped as rains in Texas northern counties Louisiana parishes and Arkansas Oklahoma cut demand for holdings. Market showed a late drop of 4 to 5 points with unsettled weather dampening buyer interest and futures closing lower.
Close cotton spot unchanged at 1 point higher in Liverpool as American middling stands at 18.24. Sales total 9000 bales with 1500 for speculation and export, receipts 6000 bales no American. Futures open steady and end quiet with several month pairings listed from March to January February.
Memphis reports spot cotton steady at middling 14 1/2 cents with little movement. New York closes quiet with middling at 14.55 cents and no gulf sales. overall market shows slight declines and cautious trading.
Spot cotton remains steady as 270 bales sell and 575 bales expected. Prices listed by grade include low ordinary 11 3-16, ordinary 12, good ordinary 18 7-16, and middling ranges up to 16 1/2 with strict grades noted, receipts 3155 bales and stock at 117,970 bales.
Achiveston Texas dated March 18 reports spot cotton stable with middling grade at 14 percent. Houston notes also show steady prices for spot cotton with no change.
In New York trading, sugar refiners show a scarcity amid a broad market dip. Missouri Pacific falls to 51 percent with short-covering around 50 to 60 percent, while other rail and steel issues move on the day.
New York markets report close prime mercantile paper at 4 14 cent with sterling exchange firm. Sixty day bills bid at 4.84 15 and demand at 4.86 25. Commercial bills at 4.88 1/4. Bar silver 52 cents an ounce. Mexican dollars 45 cents. Government bonds steady, railroad bonds irregular.
Sugar markets hold firm with a 10 point advance as wholesalers report light granulated sugar stocks. Strawberries are scarce and priced around 9 per crate with few good berries likely this season. Pasadena Gardens notes very poor strawberry conditions and minimal shipments. Poultry remains scarce and prices stay strong. eggs butter firm on rising demand. Oranges bananas scarce with a 50 cent crate uptick. apples firm though offerings not fully desirable.
Associated Press reports bid prices in Kansas City on March 18 with butter steady at creamery 25c firsts 22c seconds 20c packing stock 18c and eggs Extras 17c firsts 150.
Butter steady with creamery ranges 16 26 cents. Eggs weak with receipts 10 792 cases, firsts 15 16 cents, prime firsts 16 cents. Cheese steady. daisies 183 1 2 cents, Twins 11 12 cents, Young Americas 13 16 cents, Long Horns 13 14 cents. Potatoes steady 36 42 cents for fair to good, 40 42 cents for choice to fancy. Poultry easy with turkeys dressed 18 cents, fowls live 14 cents, springs 14 ½ cents. Veal steady by weight bands 5 6 ¾ to 11 13 cents.
Quotations show Lead at 4.25 27 percent, Spelter at 5.42 45, poultry prices with Chickens 13 cents, Springs and ducks 15, Turkeys 14 150, Geese 8 cents. Butter steady, creamery 19 27 cents. Eggs steady at 15 cents.
New York March 18 The question of revising trading methods on the New York cotton exchange has been revived by a petition from members to President March calling for a special meeting. Years ago government probes led to changes increasing annual trading periods with bonuses and forfeits tied to delivery against the middling standard. Subsequent reforms safeguarded credit and limited shoestring trading.
New York on March 18 reports eggs weak and unchanged amid mixed quotations. Market receipts total 12, with traders watching for price shifts and supply signals.
A brief port update notes current cotton receipts across United States ports with figures for Houston and other ports. Wet conditions are mentioned and a comparison to last year’s totals, 2165 bales, is shown alongside recent counts 228 and 268 in Houston.
Cotton seed products report: prime basis oil 5.80, meal 28, linters 4 1/2. Cotton seed oil quotations in New York show open and close figures for March and August delivery with slight variations around 6.86 to 6.89, reflecting market movements.
Liverpool reports cotton imports totaling 64 000 bales with American imports at 51 000 bales. Stocks rise to 1 268 000 bales while American forward exports are listed at zero. Total exports amount to 10 400 bales.
New York March 18 banks show reserve shortfall under the 25 percent rule with a total surplus of 31.3 million after a 3.25 million drop from last week. Actual conditions reveal loans rising to 1.847 billion and reserves at 878.6 million, while circulation dips and U.S. deposits grow.
Major Allen Uell of the weather bureau reports unsettled air pressure across the country. Rain fell in Palestine and Fort Worth with more on the way as temperatures dip below freezing from the Manhandle north.
Wheat rose after a brief dip as aggressive buying by two prominent houses boosted prices. May opened at 90% continuing to 90% with gains. cash wheat mixed by grade. Oats firm with May edging higher. hogs drop, pork, lard, and ribs prices shifted lower.
Chicago March 18 receipts and shipments show wheat 16 cars with 4 of contract grade and 176 cars with 1 of contract grade. Oats 91 cars. Total wheat receipts at Chicago Minneapolis and Duluth today 234 cars versus 242 last week and 384 a year ago.
Quotations today show cash wheat and corn holding steady with bid and bid/offer ranges. No. 2 hard wheat 87 96 cents, No. 2 red 90 64 cents, corn No. 2 mixed 45 1/2 cents, No. 2 white 44 1/2 cents, oats No. 2 white 30 32 cents. Beth May wheat 88 1/2 bid, July 84 1/2 cents. Corn May 48 1/2 cents, July 44 1/2 cents sellers.
Cash wheat remains steady with No 2 track prices around 90 to 94 cents. No 2 hard at 88 to 90 cents. No 2 track oats and white oats firm around 31 to 47 cents. Wheat futures rise with May at 90 cents and July around 87 cents. corn higher with May 48 cents and July 49 cents. Oats firm with May about 81 cents and July 30 cents.
Leon Lawrence painted a large Cupid wing on a theater curtain prompting theater manager W P Shangberg to refuse payment. He argued the wings are oversized and ineffective without a quiver. The jury awarded $20 to the plaintiff.
John Hardiman, who claimed to be among fifteen fugitives from Huntsville penitentiary two weeks ago, was captured in Dallas last night. He said seven additional escaped convicts accompanied him.
Chicago March 18 Receipts: cattle about 500, hogs 16,000, sheep 2,500. Cattle market steady with Beeves 5.20 to 6.85 and calves 6.25 to 8.50. Hogs five cents lower. light 6.90 to 7.15, mixed 6.70 to 7.05, heavy 6.55 to 6.95, pigs 6.60 to 7.15. Sheep steady. native lambs 5.00 to 6.50, western 5.20 to 6.60.
Receipts total 200 cattle with steady market. Native steers 5.50 to 6.60, southern steers 4.75 to 6.00, cows and heifers 3.25 to 5.25. Hogs receipts 4500, market five cents lower. bulk 6.75 to 6.85. Sheep receipts 500, market steady. lambs 5.50 to 6.40, fed wethers 4.25 to 5.75.
St Louis cattle receipts reach 200 with native beef steers quoted from 5.00 to 6.75 and cows and heifers 4.00 to 4.50. Stockers and feeders bring 3.75 to 5.75 while calves sell 5.00 to 8.00. Texas and Oklahoma stockers around 4.50 to 5.00 and a note lists no Texans. Market totals show 5800 receipts and steady ranges for lights to packers. No sheep reported.
The fat stock show closed with a judging contest among Agricultural and Mechanical college students. First prize of 100 dollars went to F. M. McMillan of Calvert for an 581 out of 600 average. J. L. Brown of Cherokee and B. L. Fouche placed second and third. Officials did not release attendance figures, but said the week’s receipts broke all records. horse show attendance reached 40,000.
Chattanooga reports an orchard on Lookout mountain received five thousand gallons of crude petroleum to burn for warmth and frost protection during the cold spell.
A San Antonio housewives guide lists retail prices for groceries this morning. Eggs country 30c. butter 25c to 35c. dressed poultry hens 60c each, fryers 65c, turkeys 23c lb. fish fresh 16c, pompano and mackerel 20 to 365c. meats including loin steak 160, round 124%c, brisk roast 10c. produce such as oranges 25 to 40c dozen, bananas 15 to 20c, tomatoes 50c, new potatoes 10c qt. vegetables from 6c to 40c with items like cabbage 8c lb, onions 4c lb, cucumbers 20c each.
San Antonio jobbers report wholesale quotes across foods and produce. Listings include strawberries and peppers. potatoes, onions, and kraut. beans, berries, nuts, and dried fruits. apples, pears, figs, and currants. butter, eggs, cheese, poultry, ducks, squabs, geese, and turkeys. Also covered are rice, grain, canned goods, meats, fish, salt fish, sugar, copper, and various seeds with unit prices and container details.
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