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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 02, 1911
Page
11
The cotton market opened barely steady with May and June up about 1.4 points while May and July neared 16.40, showing 6 to 10 point gains before a midday pullback. New Orleans and southern brokers sold heavily, but July support from bull interests kept losses limited.
The Associated Press notes New York cotton futures opened barely steady on May 2 with mixed early quotes for January through December contracts. Closing prices softened with a generally easy tone across the board.
New Orleans May cotton opened steady to 2 points down with gains later as storm warnings for the Texas coast and forecasts of more rain spurred cautious buying. By midday prices were little changed to up 2, with weekly crop bullishness supporting a final decline of 4 to 5 points on the day.
New Orleans May 2 cotton futures opened steady with May at 15.36, June 15.42 44, July 15.44 bid, August 14.72 bid, October 13.16 17, and December 13.10 asked.
Liverpool May 2 Closing cotton market shows prices five points lower amid steady demand. American middling fair 8.82, good mids 8.50, mids 8.28, low mids 8.08, good ordinary 7.82, ordinary 7.57. Sales 10,000 bales with 2000 for speculation and export including 9700 American. Receipts 4000 bales including 1500 American. Futures opened easier and closed steady with contracts from May to March.
The report lists leading spot markets with middling receipts in Liverpool and New York quiet trading. Prices show Liverpool at 8.28, New York at 15.45 with 10,000 and 200 units. New Orleans quiet and steady at 250 CUB and 16 ioes. Galveston noted as quiet with 38.
The New York cotton market on May 2 closed quiet with spot prices for middling uplands at 15.45 and gulf at 15.70. Sales totaled 200 bales.
New Orleans reports steady spot cotton with no arrivals. Prices quoted for various grades range from low ordinary to good middling with middling around 15 1/4 to 15 3/4 cents. Receipts total 3,934 bales and stock stands at 100,655.
Galveston May 2 spot cotton market report notes quiet trading with middling grade at 15.56 cents per pound. The terse bulletin reflects a calm market day with no dramatic price moves and standard regional quotation.
Fort Worth reports a dull and slow cattle market across most divisions with calves as the exception. Receipts totaled 1500 cattle and 450 calves, down from prior weeks, with beef steer prices weak and stocker activity discouraged. Hog receipts reached 3000 with prices mainly $6 to $6.10, top at $6.20.
Stock market opened active in New York with many issues near prior close. Coal stocks led gains on Hepburn law compliance hopes while utilities and rails fluctuated. American Cotton Oil jumped on dividend news and Reading rose near yesterday’s close as market closed steady after a volatile morning.
Sterling exchange remains steady with bankers bills at 4.84 45 for sixty day and 4.86 55 for demand. Commercial bills quoted at 4.83 and a fraction. Bar silver at 53 cents per ounce. Mexican dollars at 45 cents. Government and railroad bonds steady to firm.
A New York market brief notes money on call holding at 2 1/2 percent with steady ruling and closing bids. Short term loans show 60 days 2 percent, 90 days 2 percent, and six months 3 percent, amid firmer overall lending signals.
Rainy trading dampened buyer enthusiasm at Union Stock Yards on May 2 with price declines across cattle and calves while hogs showed strength. Evening reports list cow prices from 3.00 to 4.25 and calves at 3.75 to 4.75, goats steady around 3.25 to 3.60, and buyers delaying bids as consignments linger overnight.
Receipts: cattle about 2000 steady. beef steers 5.00 to 6.45. Texas and western steers 4.60 to 5.70. stockers 4.00 to 5.45. cows and heifers 2.40 to 5.65. calves 4.90 to 5.75. Hogs 11,000 with a 5 cent rise. lots in the 5.60 to 6.15 range. good heavy at 5.75 to 6.10. Sheep 10,000 steady. natives 3.00 to 4.60. westerns 3.25 to 4.60. yearlings 4.40 to 5.0. lambs 4.25 to 6.10.
May 2 reports show receipts at Kansas City totaling 7500 cattle, 16000 hogs, and 10000 sheep. Prices ranged with native steers 5.00 to 6.10, southerns 4.25 to 5.60, cows and heifers 3.00 to 5.80, bulls 4.00 to 5.00, calves 4.00 to 6.50. hogs 5.75 to 6.85. sheep muttons 3.50 to 4.40 and lambs up to 5.90. Market broadly steady to higher on hogs and sheep.
Receipts total about 35 hundred cattle including 400 Texans. Market steady with native beef steers 5.00 to 6.75, cows and heifers 3.50 to 6.20, stockers 3.00 to 5.80, Texas steers 4.50 to 6.15, calves 5.00 to 6.70. Hogs receipts 8,500. pigs and lights 5.95 to 6.05, packers 5.25, best heavy 5.90 to 6.10. Sheep 4,000. natives muttons 3.75 to 4.25, lambs 5.75 to 6.10.
Memphis reports prime basis oil at 5.43 to 5.44 with meal 23.75 and linters 3 to 4 percent. New York cottonseed oil quotes show open at 6.238 to 6.40 and close around 6.23 to 6.38 with varied daily ranges.
The Houston market reported spot cotton steady with middling grade quoted at 153 16 cents per pound. Trade activity remained light as buyers and sellers assessed current demand and price levels.
May 2 1911 San Antonio forecast shows tonight and Wednesday unsettled with showers. East Texas follows with showers tonight or Wednesday. High pressure covers most east of the Rockies. Texas remains fair and cool with frost in central western states. another storm area develops over the plateau with unsettled mountain weather.
The Fort Sam Houston commissary placed a heavy immediate order for two carloads of Irish potatoes and a large onion supply. The note hints a stock shortage and signals a shift in freight cutoff times to 4:30 pm, raising potential impact on local jobbers.
A carload of seedling oranges was unloaded to local trade this morning as the California navel crop finishes. Navel oranges run in poor sizes, while seedling demand grows. Prices remain steady. Texel cucumbers and beans are plentiful. market house plaza shows solid vegetable business. home gardens supply broad truck varieties.
The morning rain slows Southwest farming with two week crop setbacks. Laredo onion damage seen as two thirds shipped, forcing a shortfall of over 200 carloads from last season. Egg prices rise as new receipts decline, with moderate local supply. Pruitt Commission receives bananas and potatoes.
Price to shipper tess commission shows butter per pound at 20c country butter 16c eggs per dozen 1bc. Cheese prices include fancy cream 18c brick 20c American Swiss 24c imported Swiss 31c Limburger 20c Badger State 19c. Poultry items list broilers 3.25 to 3.50 per unit fryers 6.00 to 6.50 hens 6.00 to 6.25 quineas per dozen 3.25 to 3.60 ducks per dozen 6 to 7 squabs per dozen 1.25 to 1.50 geese 10.00 to 15.00 turkeys per pound 16c.
Fresh arrivals include Florida tomatoes Lemons Oranges Cabbage Limes Grapefruit and potatoes. The Puitt Commission Market notes vegetables in stock with emphasis on citrus and local produce.
Lead steady around 4.27 to 4.30. Spelter firm at 5.30. Chickens 12 cents broad, springs 24 to 32 cents, turkeys 14 to 16 cents, ducks and geese 6 to 6 cents. Butter lower with creameries 15 to 21 cents, eggs steady at 14 1/2 cents.
Butter prices for creamery 21 cents per pound, firsts 18 cents, seconds 16 to 18 cents, packing stock 18 cents. Eggs listed with extras 17 cents, firsts 15 cents. Local market listings show typical regional ranges.
New York dispatch notes receipts steady at 63,636 cases with eyes steady and unchanged. The brief item records consistent figures as of May 2.
Stockyards notes J Ingenbuett of Comfort presented a carload of goats on the local market. The goats were well conditioned and several sales were completed by noon. An 80 head bunch weighed for a strong price of 3.3. Ingenbuett says Comfort livestock conditions are the best in years despite rain.
Alfred Steller of Comfort offers a carload of cattle and calves in the city. He reports decent returns despite a softer market, warns that overly juicy grass after rain can cause cattle to bulk up briefly and then shrink, reducing market appeal. He notes good range conditions but weak demand at Scarchet, with buyers paying a favorable yet uncommon price this week.
Oklahoma City native A. Lyford, formerly with the Texas-Oklahoma Commission of Fort Worth and longtime San Antonio Union Stock Yards staffer with Dougherty and Lyf, has joined the Giamo Commission company in this city as a salesman.
Temperature rainfall and weather status for the Houston district over the last 24 hours ending 8 am. Includes minimum temperature for the past 12 hours and notes on data not used in computing averages for the Houston district. Arizona?
The belt area is fair though cloudy with rain in Texas and below normal temperatures. Rainfall of an inch or more reported at Al landale DC Evergreen Alabama Thomas ville Alabama and many places in the Montgomery district. Allan Buell local forecaster.
Bradford Knapp, head of the farmers demonstration division in the agriculture department, vows renewed Texas action to grow cotton despite the boll weevil. He says the goal is a double cotton crop, improving east Texas’ standing and keeping the insect in the field while progress continues. Scientists under Dr. L C Howaton push toward eradication of cattle ticks and other pests, despite House opposition from Rep. Games Le Slayden of San Antonio.
Nervousness over a run up in May wheat sent futures higher in Chicago trading on May 2 but gains were modest compared with the current month. May led the advance with significant intraday moves before sellers halted further manipulation. Corn and oats followed wheat’s firmness but with lighter trade. hogs provided some market life as pork, lard, and ribs posted firmer first sales.
Chicago May 2 receipts and shipments today totaled figures for grains moved, including principal commodities. Data shows daily activity at the Chicago market with totals and direction of movement for the period.
Receipts today show wheat at 30 cars with 6 contract grade, corn at 833 cars with 100 contract grade, oats at 221 cars. Total wheat receipts across Chicago Minneapolis and Duluth reach 226 cars, up from 225 last week and 125 a year ago.
Associated Press reports Chicago grain bids for May showing mixed futures: No 2 red corn 92 944%c, No 3 red 90 934%c, No 2 hard 92 94%c, No 1 northern 1.03 1.05, No 2 northern 1.01 1.04, No 2 spring 94 1. Corn prices for No 2 and No 1 white 54.4 1%, No 2 rede 54.45 %. Oats No 2 31%c, No 2 white 33% tec. Standard 33% tec.
Quotations show cash wheat dull with No 2 track red at 4c and No 2 hard 90 at 1. Corn remains firm with No 2 track 53%c and No white 54%c. Oats steady at No 2 track 32%c and No white 34%c. Wheat futures rise with May at 92% and rule 36% while corn May 53c and July 52c. oats May 32c and July 32c.
Kansas City May 2 Wheat values show No 2 hard at 88 to 96 cents and No 2 red at 89 to 90 cents. Corn shows increases with No 2 mixed at 50 to 55 cents and No 2 white at 50 cents. Oats hold or dip. ret 2 white at 33 to 34 cents and No 2 mixed at 30 to 31 cents. May wheat trades around 86 5/8 cents with July and Sept bids shown. corn May around 48 5/8 cents with Sept around 30 to 31 cents.
Dr. Howard reports progress in the Agricultural Department as its bureau pursues scientific study of the boll weevil. Congressman Slayden recalls that twenty years ago he alerted the department to the pest in Texas and jokes about the problem, noting earlier names such as picuda.
Spot cotton in MEMPHIS area remains steady with middling grade at 154.
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