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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 10, 1911
Page
13
The Associated Press reports New York and New Orleans show gains as July climbs to 15.73 and August to 16.33 amid renewed covering and favorable southern weather. Old crop strength lifts new crop, spot remains quiet with middling uplands at 15.75.
New York May 10 cotton futures opened steady with January at 12.83 84, March 12.90 94, May 15.50 51, July 15. r 5, August 15.15 16, September 13.4 49, October 12.98 99, December 12.84 85. Market activity showed a calm start for the session.
Cotton futures in New Orleans opened steady with gains of 4 to 6 points on old crop months and 1 to 2 points on new. July rose to a season high of 15.71 as favorable reports and weather supported bulls, but activity cooled and traders awaited new developments in old crop months.
Cotton futures opened steady in New Orleans with May 15.96 bid, June 15.59, July 15.64 65, August 14.79 81, September 13.39 41, October 12.93, December 12.87. Futures closed quiet and steady.
Liverpool May 10 closing shows moderate business in cotton with slight gains. American middling fair at 8.92 and good middling 8.60 amid sales of 7000 bales, mostly for speculation and export. Receipts total 10,000 bales with 1400 American. Futures opened and closed steady with varied forward prices across months.
Leading spot markets show mixed activity with Middling receipts in Liverpool steady at 7 000 New York quiet and New Orleans firm up 15 percent at 1 755 Houston steady 15 5 16 and 245 Galveston firm 15 7 16. Across ports pricing reflects stable to firm demand at multiple hubs.
Memphis on May 1 reports cotton prices holding steady with middling futures quoted at 1S%e. market observers note no change in the day’s trading.
New York on May 10 reports the cotton market closed quiet with middling uplands at 15.75 and "do" at 16.00. No sales were recorded.
Houston market report notes spot cotton in May run steady with middling price unchanged at 15 cents 51.6 points per pound. No extra context on suppliers or buyers provided.
A moderate strength opened the New York stock market with small gains for many leading issues. New York, New Haven and Hartford fell after yesterday’s dividend cut at Boston and Maine, while Union Pacific and Amalgamated Copper led declines. By 11 o’clock the list steadied though trades were thin, with American Snuff at 300 from 280 in February and bonds holding steady as the market closed heavy.
U S Steel announced figures showing unfinished books for April 30 and March 31. The company cited totals of 218,7 tons and 7 on respective dates as part of its reporting update.
The Associated Press reports steady sterling exchange and firm government bonds in New York. Currency quotes show 486 for mercantile bills, 483 7-8 for government bills, with silver at 53 1-8 per ounce and Mexican dollars at 45 cents. Loans remain easy with various maturities around 2 1-4 to 2 3-8 percent, reflecting a calm trading day.
In St Louis May 9 buyers reported weak steady prices for spelter at 5.27 1 2 dollars per unit with limited activity and no clear price changes.
At Union Stock Yards May 10 with under 50 head cattle and strong buyers, cows moved at 3.50, calves 4.50, hogs 5.50 to 6.00 top 6.00, eleven sheep offered with no buyers by 4 pm. Official report lists steady to active cows 3.50 to 3.75, calves 4.25 to 4.50, hogs 5.75 to 6.25, sheep 6.00 top for light lambs. Fort Worth also shows steady beef steers around 4.75 to 5.05 and mixed stockers 4.30 to 4.65.
In Chicago on May 10 receipts were cattle about 18 000 hogs 22 000 and sheep 18 000. Cattle prices ranged from 2.40 to 6.65 with most steady. Hogs showed a strong tone with guides from 5.75 to 6.30 and bulk around 6.15. Sheep were steady to 10 cents higher with native and western offerings priced up to 6.55 for yearlings and lambs.
Cattle receipts 7500 with southern and native cattle mixed. prices ranged from 3.25 to 6.75 for cows, steers, and calves. Hogs receipts 17000 with steady to firm tone. bulk and heavy hogs in the 5.90 to 6.02 range. Sheep receipts 12000 with steady market. muttons to lambs priced from 3.50 to 5.35, ewes 3.50 4.10.
Receipts total 3500 cattle including 200 Texans with a steady market. Beef steers 5.00 to 6.55, cows and heifers 3.50 to 6.55, stockers and feeders 3.00 to 5.10, Texas and Oklahoma steers 4.50 to 6.50, calves 5.00. Hogs receipts 12,000 market strong with sows and lights 6.00 to 6.25, packers 5.40 to 6.15, best heavy 5.00. Sheep receipts 2500 market steady muttons 3.75 to 4.35, lambs 6.75 to 25.
W V Galbreath Katy general livestock agent says four years of shipping too many calves caused beef shortages though recent rains and grass keep stock fat and healthy. E A Yates Aguilares cattleman praises San Antonio market as among the best for fat cattle and predicts Texas gains in 1912 census. Hubert Hode Batesville visits San Antonio for business.
Local handlers say the Texas spud market is weak with expectations of further declines this week. New York reports sellable spuds slow due to rains causing spongy meat. Old national potato market remains firm while seedless oranges and navels affect demand. Laredo rains curb onion shipments, but Chicago prices rise a quarter per crate as local onion stocks move briskly.
Market reports praise the shipper and local producers for an unusually abundant strawberry supply. Several longtime commission houses note the market is well supplied with high quality fruit. The best berries are priced at $3 per crate today.
Trading along the wholesale row this morning opened satisfactorily for most, but incomplete city election returns yesterday stirred political talk and pushed business to a secondary plate. The produce row ran short, chiefly berries, grocers quoted firm prices for cream cheese and sugar. San Antonio holdings are not heavy at present.
The text notes a sharp rise in demand for certain teas especially for iced tea. It states that importation of colored tea leaves was halted under the Pure Food Act and warns supply will likely be exhausted before summer’s end. Consumers favor colored leaves despite knowledge that coloring adds no value.
Cotton experts note conditions are generally good but warn the crop start is slow due to cold weather and frequent rains. World production may reach 13,000,000 bales if Manchester and American trade recover, though some doubt remains. Firms report large July August demand and shrinking stockpiles indicating need for a bumper yield.
Quotations today show butter steady while eggs ease with receipts at 20 244 cases. Cheese futures hold firm with Daisies Twins and Young Americas quoted. potatoes soft to weak with prices 53 to 55 cents for top lots. Poultry and veal hold steady with live turkeys at 14 cents and hens at 13 1/2 cents.
J. W. Poole of Taft Texas visited the local cattlemen's exchange and said he was generally satisfied with everything and everybody. He added cattle in his country are in the best shape he has seen them at this season.
In New York on May 10 buyers from large printers bleachers and converters showed active demand. Large quantities of goods were sold for next week’s delivery while fine combed yarns rise in activity for printing and converting. Men’s wear markets remained quiet as yarns held firm.
Shippers of California canned and evaporated fruits report frost damage to the crop and withdraw opening prices on all varieties. The notices warn of continuing losses and supply concerns.
Fruit canners in New York report orders for higher quality fruit products exceeding previous levels. The demand for inferior grades has dropped as consumers reportedly turn away from lower quality items.
The Pruitt Commission reports the receipt this morning of a carload of strawberries and a carload of bananas.
Western duck eggs quoted at 17 to 19 cents and southern eggs at 16 to 22 cents as receipts totaled 44,398. The market shows steady prices with these regional ranges.
The Gugesheim Goldsmith company received a carload of potatoes. The market on corn and general feedstuffs remains firm and inclined.
The Associated Press reports Kansas City market quotes dated May 10 show butter at 21 cents for firsts 18 cents for seconds and packing stock 13 1/2 cents. Eggs listed at extras 17 1/2 cents firsts 16 cents and seconds 12 1/2 cents.
Fresh arrivals list includes Jonathan apples Lemons Florida tomatoes oranges potatoes bananas cabbage and grapes. The note mentions vegetables and produce with a commission reference.
Price to shipperless commission. Price to retailer. BUTTER Creamery per pound 20c country butter 1bc. EGGS Country dozen 15c. CHEESE Fancy cream 18%%c fancy brick 20c American Swiss 24c imported Swiss 31k Limburger 20c Badger State 19c. POULTRY Broilers 3.25 3.50 fry ere 6.00 6.50 hens 6.00 6.26 guinea s dozen 3.25 3.60 ducks dozen 6 7.00 squabs dozen 1.25 1.50 geese
In St. Louis on May 10 steady prices prevail for key items. Quotations show lead at 4.25, spelter 5.27, poultry with chickens 11 to 23 cents, turkeys 13 to 15 cents, ducks 11 to 14 cents, geese 6 cents. Butter creamery 15 to 21 cents, eggs steady at 17 cents per dozen.
In New Orleans the cotton market steadied after a bull bid to take spot cotton at 15.48. Bears reportedly unloaded 18000 bales of May cotton while Frank B. Hayne and other bulls kept buying in small lots. Bulls pushed July to 15.71, a season high, amid ideal belt weather.
In St Louis on May 10 prices for wool were unchanged with medium grades at 16 to 17 cents, light fine at 16 to 16 cents, heavy fine at 12 to 14 cents, and tub-washed wool at 16 to 28 cents.
The Boston wool market looks to the western clip with cautious demand as 1910 wool deals remain light. Old stock sits idle in lyns with some dealers being cleaned up while prices for delaine and washed grades hold in the mid to high 20s for various blood content. Kentucky and Indiana grades show three-eighths blood at 25c and one-quarter blood at 28c.
Rice market report from New Orleans on May 10 notes light offerings and fair demand for rough and Honduran rice. Receipts total 248 rough sacks and 10,615 clean sacks with millers taking 4938. sales include 2493 rough Honduran sacks at 2.10 to 2.75 and 277 clean Honduran sacks at 1 3 4 to 2 J apan at 29 16 and 2 c g. Quoted prices list rough Honduras 1.50 to 2.75, Japan 1.75 to 2.76, clean Honduras 3 4c, Japan 2 3igc.
The steamer Okmulgee arrived from New York. Steamers City of Tampico Vera Cruz and Puerto Mexico El Occidente cleared and sailed to New York. The El Occidente is listed as sailing from New York.
Spot cotton firm at 1 16 up with 1200 bales sold and 225 bales arriving. Rates range from low ordinary 11 15 16 to good middling 15 18 16, with strict grades listed. Receipts total 6098 bales and stock 100,444 bales.
New York on May 10 noted quiet trading as hides dull and leather wool and rice showed little activity. Market observers attributed the lull to unspecified factors leaving prices mostly steady across commodities.
New York reports on May 9 with raw sugar firm at 3.36 cents per pound for Muscovado 89 test and 3.86 for centrifugals 90 test. Molasses sugar 89 test at 3.1 cents, refined sugar steady and molasses steady.
New York trade reports futures closing steady with no more than a five point dip. Spot market quiet with No 7 at 11 71-8 and No 4 Santos at 12 3-4 as Cordova sells mild to dull prices. total sales tally 21,500 bags.
In St Louis on May 8 the wool market shows no change with medium grade combing and clothing wool at 16 18 cents, light fine 15 16 cents, heavy fine 12 14 cents, and tub-washed wool at 16 18 cents.
Osteopath Dr. Jah F. Herdmann, practicing in the Gibbs building, announces a new residential phone contact at 3055 blue. The notice lists his residence and office details and updates the communication line for patients seeking appointments.
Chicago prices rise as spring wheat rains appear limited outside North Dakota and Minnesota. July wheat opens around 86 87 cents, aided by dry European weather. corn advances on fewer offers from traders. oats strengthen with corn. pork and ribs show weak demand with lard easing.
Chicago May 10 receipts and shipments today report grain flows across markets. Receipts and shipments figures are listed for various grain types and transport modes, reflecting supply movement through the Chicago area elevator system.
Chicago price quotes show No 2 red wheat at 94 Xc, No 2 hard 96c, No 1 northern 1.02 to 1.04, No 2 northern 1.01 to 1.03, No 2 spring 95 at 1. Corn No 2 54% to 54c, No 2 white 54% to 54c, No 2 yellow 54c. Oats No 2 41 to 44c, No 2 white 34c, standard 33c.
Receipts today totaled 276 cars for wheat at Chicago Minneapolis and Duluth, with 149 cars of which 72 were contract grade. Corn receipts reached 256 cars, including 68 contract grade, plus 145 cars for oats.
Cash wheat holdings hold steady with No 2 hard at 97 cents and No 2 red at 90 9/10 cents. Corn remains steady with No 2 mixed around 52 4/5 cents and No 2 white near 52 1/2 cents. Oats show no change with No 2 white around 38 3/8 cents and No 2 mixed around 31 2/3 cents.
In St Louis date May 10 quotations show cash wheat steady to higher with No 2 track red at 91 92c and No 2 hard 90 99c. Corn advances with No 2 track 54c and No 2 white 53 55c. Oats firm with No 2 track 3140 and No 3 white 33c. Futures: wheat May at 90 1/4¢, July 84 3/4¢, Sept 85¢. Corn July 62 1/2¢, Sept 52 8/8c. A higher trend noted for a July 32c and Sept c.
Memphis market brief notes May 10 shows prime day oil at 5.25 to 5.27, meal at 24, linters at 34 percent. Prices reflect ongoing demand for cottonseed products.
Market notes from New York dated May 10 show fluctuating cotton seed figures with August and September opens and closes listed. Price lines include several ellipses and misread figures, indicating unstable quotes and mixed trading activity for the day.
Brown mare with large thigh scar and limp reported stolen from Lake View Park in Bexar County. Reward offered by John Tobin. Notify John Tobin in Bexar County with any information.
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