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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 08, 1911
Page
9
The cotton market opened barely steady with a 6 to 12 point decline amid liquidation and local selling. May and July retreated near Saturday's close while the new crop rose a point or two. spot cotton stayed quiet at 16.50 cents for middling uplands.
Associated Press reports cotton futures in New York showing little change with several contracts trading between about 12.75 and 16.85. Prices closed steady amid fluctuating intraday levels for Jan through Dec deliveries and nearby months.
Cotton futures opened steady with declines of 3 to 10 points on old months and 19 to 14 on new. Favorable Sunday weather and dry, clear conditions across the belt prompted heavy selling, but bulls supported old crops. May notices numbered near 6000 but were halted by leading firms.
New Orleans May 8 cotton futures opened steady with May 15.40 asked, June 15.44 46, July 15.40 asked, August 12.55 56, September 18.35 asked, October 12.82 83, December 12.75 76.
Closing cotton in Liverpool on May 8 shows spot prices down three points with middling at 8.30 and good middling at 8.52. Total sales reach 6000 bales with 500 for speculation and export and 6000 American. receipts total 9000 including 4000 American. Futures open steady and end quiet with final forwards listed 795 for May-June and 679 for March-April across several contractions.
The Memphis market reports May Cotton steady and unchanged at middling, with middling prices noted as 15 percent.
In Houston on May 8 spot cotton held steady with middling grades at 153 16 per pound. The market showed no change in price across grades, reflecting stable demand and supply conditions.
Cotton spots closed quiet in New York with middling uplands at 15 45 cents and middling gulf at 15 99 cents. Sales reached 6900 bales.
Secretary Hester's New Orleans cotton exchange statement shows April movement at 299,658 bales, down 154,000 from last year. For September 1 to April 30 the totals include declines versus year-ago figures, with April totals cited and comparisons to 1908 and the year before.
United States ports processed 8 114 429 bales, up from 6 782 771 last year and 7 727 870 in 1908. Total cotton brought into sight eight months to April stands at 11 059 053, with foreign exports 6 880 357 bases showing upturn from last season. Stocks at seaboard and 29 interior markets on April 30 reach 745 576, down from 898 363 a year prior.
The May 8 opening on the New York Stock Exchange showed an uncertain tone with several advances offset by declines. Western Maryland rose 2 points then slipped, Atchison gained on Paris listing hopes, Amalgamated Copper dropped on a Copper Producers report, and overall trading was dull with a heavy market close and pressure on Western railroad stocks, Redding, and United States Steel.
Steady as a closing tone observes oil at one level and Spelter prices also steady. Brief notes reflect minor shifts in commodity trading without dramatic movements.
Union Stock Yards reports a light Monday market with under 250 head auctioned. Cows ranged to 4.00 top. calves 4.75. hogs 6.25 top. sheep unsold. Official tallies show steady to active cow and calf markets. hogs strong. sheep dull with little bidding. Carloads from Texas and New Mexico moves noted.
Fort Worth Texas May 8 Cattle receipts 4000 hog receipts 900 sheep receipts 2000 with prices 25c up for the week Steers predominated in the receipts and sold at 360 390 One load of calves was shown and sold at 475 Trading ruled firm Hogs were in small receipts A top of 6 25 was made on a load of 228 pound hogs with the bulk of sales at 585 600
Cattle receipts about 21 000 with steady to higher market. Beeves 5.00 to 6.55, Texas steers 4.66 to 5.60, western steers 4.80 to 5.60, feeders 4.00 to 5.45, cows 2.40 to 5.65, calves 4.50 to 6.75. Hogs receipts about 36 000 with up 10 cents. Prices 5.88 to 6.20, mixed 5.80 to 6.10, heavy 5.85 to 6.00, good to choice 5.80 to 6.10, bulk 5.90 to 6.05. Sheep receipts about 25 000 with steady market. Native 3.00 to 4.70, western 3.25 to 4.75, yearlings 4.50 to 5.50, lambs native 4.25 to 6.40, western 5.00 to 6.50.
Cattle receipts 7000 with 200 southerns, higher by 10 cents. Native steers 5.25 to 6.25, southern steers 4.25 to 5.75, cows and heifers 3.00 to 6.00, stockers 4.75 to 5.75, bulls 4.00 to 6.00, calves 4.00 to 6.75, western cattle 4.75 to 6.00. Hog receipts 9000 up 10 cents, bulk 5.80 to 5.95, heavy 5.80 to 5.90, lights 5.85 to 6.00. Sheep receipts 12,000 up 10 to 15 cents, muttons 3.60 to 4.50, lambs 4.00 to 5.50, fed wethers and yearlings 4.00 to 5.50, fed western ewes 3.60 to 4.25.
Memphis reports cotton seed products with oil at 5.20 to 5.27 dollars, meal 23.75, linters 3 to 4 percent. New York shows cotton seed oil prices with open and close quotes for May, July, August, and September contracts ranging around 6.23 to 6.40 dollars per unit.
Co H Moeller wed Huldan Buck hardt. Jules A Endweiss and Nettie May Nickel. George T Mason and Emma D Guls son John A Paslich and Francis C Cot on.
Burial permits list multiple individuals with ages and death dates. Jose Fernandez Jr 36 Leona St died May 7. Francisco Menchaca 6 died May 7 1002 Jones Ave. Benicio Garza 9 days died May 7 240 Kerr St. Peter G Kuppers 64 died May 6 209 BE Cevallos St. Pauline Aguirre 3 months died May 6 836 Vera Cruz St. Charles Miller 41 died May 6 County Hospital.
Readable items show produce such as apples lemons Florida tomatoes oranges potatoes bananas and grapes with garbled extra words mentioning LaGine Commission and catens stands.
Illustrated Story of Today's Weather Conditions reports the May 8 1911 forecast for San Antonio and vicinity. Tonight and Tuesday expected to be fair and warmer with high barometer. eastern districts and interior Texas also fair and warmer. Mountain districts may see unsettled weather due to a storm area over the extreme northwest. no freezing temperatures.
Trade activity in San Antonio shows a notable lull across departments as country merchants report light orders. May is expected dull, Bradstreet notes overall US quiet. farmers rely on garden produce while demand dips for textiles and retail goods. Texas cantaloupes and butter shipments arrive. prices edge up for feed, wheat, and corn.
The first full carload of cucumbers left the Brownsville valley, loaded in Donna Saturday for northern markets. Lower Rio Grande produce looks strong as acreage grows, with more carloads to follow. San Antonio markets flood with cucumbers and green beans. cucumber crates fetch 75 cents, beans as low as 25 cents per third bushel.
Price to shipperless commission. Price to retailer Butter Creamery per pound 20c country butter 15c EGGS Country dozen 16c Cheese Fancy cream 18c fancy brick 20c American Swiss 24c imported Swiss 1c Limburger 20c Badger State 18c Poultry Broilers 3.25 3.50 per unit fried ers 6.00 6.60 hens 6.00 6.25 guineas dozen 3.25 3.60 ducks dozen 6 7.00 squabs dozen 1.25 1.50 geese dozen 10.00 15.00 turkeys pound 16c.
Butter steady at 18 cents with daisies 13 18. Eggs firm with 20 401 cases at mark. firsts 16 and prime firsts 16 c. Cheese steady daisies 12 ec twins 1144 c Young Americas 124 138 c. Potatoes weak fair to good 58 60 c. Poultry steady turkeys 14 c chickens 13 c. Veal weights 50 110 lb 6 to 7 percent.
Chickens 11 1 2 cents. Springs 20 2 5 cents. Turkeys 13 15 cents. Ducks 18 cents. Geese 6 cents. Butter steady creamery 15 21 cents. Eggs steady 15 cents.
Associated Press notes steady demand as receipts reach 30 514 cases for fresh gathered eggs and hens. Egg varieties show extras 19 1 2 to 20 cents, firsts 17 1 4 to 18 cents, seconds 16 1 2 to 19 1 4 cents, with storage firsts 18 1 2 to 19 cents and dirties 15 1 2 to 15 3 4 cents. Regional egg types and duck eggs listed with varying prices across Pennsylvanian and nearby hennery white, gathered white, brown and mixed, western white, southern duck eggs and related categories.
Kansas City market update lists butter and creamery prices with specifics for firsts at 21c and 18c, seconds at 17c and 13c, packing stock at 13 1-2c and extras at 17 1-2c, with firsts at 16c and seconds at 13c.
In New York on May 8 money on call held at 2 1 4 to 2 1 2 cents with closing bids 2 1 4 cents. Time loans showed more activity with sixty days at 2 1 2 cents, ninety days at 2 3 4 cents, and six months at 3 cents.
Pinancial section reports close of prime mercantile paper at 31 2 4c, steady sterling with bankers' bills at 484.40 for mere days and 486.35 for demand, commercial bills at 483 7 8, bar silver 53 1 4c, Mexican dollars 45c, and government and railroad bonds steady.
The movement of truck trains from the coastal area to the east is at its height with daily potato shipments and cucumbers and other spring products going forward by carload. Melon shipments from the lower Rio Grande region will begin later this week as trains reach as far north as Winnipeg.
A partially readable page item lists a Morocco covered price list with Sharp and Dohme on the cover and a reward offered for return to the Angelus hotel. The readable fragment mentions a name in a book and seeks the owner.
The New York sugar market shows a weekly decline with Cuban raws off 11 to 16 cents as European beet options influence trade. May requirements kept refiners buying while granulated sugar withdrawals ease. Weather hampers refined sugar demand and Arbuckle production shifts are noted as a potential relief for mills. Cuban planters hold ample stocks despite a likely shorter crop, and rice markets remain stagnant with weak demand from distributors.
A. W. Patney of Smiley reports plentiful surface water and robust range conditions across plains as Texas outpaces Oklahoma in stocker cattle demand. A. M. Avant of Uvalde, W. H. Kuykendall, and others visit Brownsville while W. M. Rice of Galveston investigates Mexican cattle imports lifted from tick restrictions. Collector R. B. Creager seeks immediate valuation settlement as trade begins.
Chicago May 8 Market sentiment in wheat fell after reports suggested the government crop outlook would improve, cooling prices. Traders noted possible increased dry weather in the northwest and lighter wheat on ocean transport. July wheat moved from losses to minor gains while corn and oats showed muted activity and hogs supported provisions. Cash quotes for various wheat grades and oats ranged with several declines and small rebounds.
Receipts and shipments today list wheat 638 cars including 43 contract grade and corn 306 cars including 112 contract grade. Oats 133 cars. Minneapolis and Duluth receipts 290 cars, compared with last week and a year ago.
St Louis cash wheat held steady with No 2 red at 92 cents and No 2 hard 92 to 99. Corn slipped with No 2 at 54 cents and whites around 54 to 56. Oats fell to about 32 cents. Wheat futures showed declines for May and July deliveries while corn for July and September eased.
Cash wheat and corn prices steady to higher at Kansas City with No 2 red 90 98 cents and No 2 corn 53 to 53 1/2 cents. Oats and white varieties quoted. nearby contracts show modest declines in wheat with May at 87 1/4 cents and July at 83 83 1/8 cents.
The May crop report from the agriculture department shows winter wheat at 86.1 condition on May 1, above 83.3 on April 1 and 86.0 for the ten-year May 1 average. Rye stands at 90.0, up from April 1 and May 1, 1910 readings.
John Kay took a cattle import case to the Board of General Appraisers after customs valued hundreds of head at 14 to 18 dollars each, inflating duty by about 272 percent. Kay paid extra under protest and appealed, seeking Treasury Department relief. Collector Creager cited widespread underreporting at other ports and expects the appraisers to sustain the higher value.
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