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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 15, 1911
Page
13
The New York cotton market opened barely steady and fell about 2 points on May with later losses of 6 12 points as liquidation and local selling intensified. Old crops dropped 16 28 points, new crops 10 11 points, with active months rallying briefly before further weakness and unsettled prices into the afternoon.
Brief futures note reports cotton futures closing steady with modest gains and losses. Traders referenced January and March positions and general market steadiness amid fluctuating demand.
The Associated Press reports New Orleans cotton opened steady with a loss around 6 points on poor cables and cool belt weather. Early selling pushed the list 12 to 19 points under Saturday's close, then buying supported a rebound before noon to 4 1/2 points under, with afternoon dullness and little movement after 2 pm.
A damaged OCR snippet shows scattered numerals and names with no clear event, date, or entity. The text includes partial dates and prices, but lacks sufficient context to identify a specific person, organization, or location.
Although sales reach 6000 bales, including 6300 American, closing spot cotton dips 3 points with American middling fair at 8.92 and middling 8.38. Futures open steady then ease. key spreads show May to May April listed at 6.87 to 8.05 across several contracts.
Liverpool and New York markets show quiet activity, New Orleans similarly calm, Nouston noted, Galveston steadier with middling receipts. Trade sources report subdued demand and stable prices across major ports.
The Associated Press reports spot cotton in Memphis and Houston remained steady on May 15 with middling grades at about 15 to 15.75 cents. Files indicate market steadiness in both cities as buyers and sellers hold prices.
Spot cotton closed modestly lower on May 15 with middling uplands at 15.80 and middling gulf at 16.05. Sales totaled 123 bales.
New Orleans on May 15 reports spot cotton trading quietly with arrivals and varying grades. Prices span low ordinary to good middling with receipts tallied at 2916 and current stock levels noted.
Readable cotton production figures show Houston Texas and Memphis Tennessee leading listed totals for today and last year. Data includes Little Rock Army figures and comparative city pairs.
Brisk activity reported as the livestock market opens with buyers and sellers meeting at the regional yard. Traders note strong demand for cattle and hogs, with early prices stabilizing amid steady turnover and steady competition for lots.
May stock activity shows mixed results with Canadian Pacific leading advances and Pennsylvanian declines. Morning dull mood shifts to firmer tone as U S Steel and Reading advance, while others slip. market eyes Supreme Court decisions on tobacco and oil cases. Cattle and hogs at San Antonio and Fort Worth markets show steady to higher prices, driven by grass-fed cows and calves, with notable consignments from Mason Texas and Laredo.
Memphis and New York dispatches list prime bo oks and meal prices with cotton seed oil quotes. Liverpool announces June 2 open hours for the US government crop report and holiday closings including Whitsuntide and coronation week dates.
On May 15 in New York the prime mercantile paper held at 34 percent while sterling exchange remained steady. Bills priced at 4.83 percent for 60 days. Silver quoted at 63.5 cents with various government and railroad bonds showing easy activity.
Fragmentary text describes bids and loan terms with percentages and durations, but lacks clear subjects or actions. The readable items include mentions of rates, days, and months, yet the overall meaning is obscured and entities are not specified.
President Taft sent the nomination of Henry L. Stimson of New York to the Senate for the post of secretary of war on May 15.
Snr Worth Texas May 15 market summary notes about 90 carloads of steers offered and ample supply in pens. Prices drift lower with 8500 cattle and 1500 hogs by 3 pm. Porkers weak by a nickel. cows top at 5.75 and mostly 4.50 to 5.00. Beef steers peak at 5.85 with bulk 4.25 to 4.76. Stockers 4.25.
Chicago reports receipts around 28 000 cattle with prices from 2 40 to 6 75 for cows and calves 4 50 to 6 75 for calves and western steers 4 80 to 5 60. Hogs receipts about 40 000 with prices 5 00 to 6 40 and bulk sales near 6 30. Sheep receipts around 20 000 with native lambs 4 50 to 6 65 and western lambs 3 50 to 4 80.
Receipts total 6000 head with 600 southern cattle and a second report noting 11,000 receipts. Prices vary by type with southern steers 5.60, southern cows and heifers 4.75, native cows and heifers 6.00, stockers 5.76, bulls 6.25, calves 6.55, western steers 5.85, western cows 6.00. Market steady with bulk sale around 6.05 to 6.12 and heavy at 6.00.
May 15 forecast shows increasing cloudiness tonight and Tuesday across Fort San Antonio and vicinity with fair conditions in eastern districts. A broad storm area affects mountain districts while weather west of the Mississippi remains unsettled. Roswell records rainfall of 2 380 inches.
Stockman C. C. Bulmer from Kerrville visits the Southern today and praises the grass crop after rains noting cattle scarcity. E. Betancent of El Paso eyes range cattle buys. John Kortman delights in selling a consignment of about 100 head of cows for top prices, with bulk cows bringing around $4.25 per hundred pounds. Auther Danz of Mason is the cattle buyer in town.
Mitchell and Jennings return from a Mexico buying trip with 286 head of Mexican cattle shipped to Colombres and driven to Fort Worth yards. The Diaz ranch corridor hosts 25,000 cattle and 30,000 sheep with recent shipments and various stockyard totals across Kansas City and St Louis showing steady prices amid a tense border environment.
Market steady with beef cuts at 6.05 to 6.15 and muttons 3.50 to 4.60. Lambs quoted 4.00 to 8.85, fed wethers and yearlings 4.00 to 5.35, fed western ewes 3.50 to 4.35. Pat Gasent referenced in price notes.
Louis May 15. Receipts and oddities today show cattle receipts 2000 with 100 Texans and a steady market. Native beef steers 5.00 6.10, cows and heifers 3.50 6.25, stockers 3.00 5.50, Texas and Oklahoma steers 4.50 6.50, calves 5.00 6.75. Hogs receipts 2000, market 6 cents lower. dressed weights 6.16 6.35, packers 5.69 to 6.10. Sheep receipts 8500, market steady. native ewes 4.75 8.00, lambs 6.26.
Lighter receipts from the country and stronger consumer demand push the local egg market higher by a cent on all grades at the start of the week. Wholesalers foresee a coming scarcity as hens begin laying early, with country supplies still liberal in New York coolers, 650000 cases last week, 150000 more than a year ago.
The strawberry market remains weak as rain dampens demand and prices fail to justify higher gains. Short crops push focus to blackberries and peaches collapse, with strawberries nearly exhausted and prices as low as a dollar per crate.
Brokers failed to locate a rolling car in the wholesale district this morning. Monday’s quotation card shows every wholesale concern shy on apples, but the market remains very strong and higher overall.
The last consignment of the California navel orange crop has arrived and the fruit is in an overripe condition. They are very poor keepers and not desired by the fruit vendor. The announcement of a carload of the choice California Valencia oranges on the track was received with approval. Prices listed: $3.25 for choice and $3.50 for extra choice.
George Sgitcovich and crew loaded a 65 crate shipment of strawberries and bananas for transport. The consignment was halted by authorities amid inspection.
The poultry market remains well supplied as farmers sell off hens near the end of the laying season. Prices fall by about 10 cents on all grades, while the wholesale grocery sector shows a firm zone on sugar. Local jobbers expect a sharp advance before the week ends with daily rises anticipated.
Frost damaged fruit in nearly all parts of the country boosts prices for spot evaporated fruits. Pruitt Commission received a day carload of Pointer brand oranges. In vegetables cucumbers are abundant and sell as low as eight cents per dozen. Beans have no market price and incoming shipments fail to cover express charges.
A price notice lists Butter Creamery per pound 20c and country butter 18c. Eggs Country per dozen 1. Cheese prices include Fancy cream 18c, fancy brick 20c, American Swiss 24c, imported Swiss 31c, Limburger 20c, Badger State 1c. Poultry prices feature Broilers 3.26 to 3.50, fryers 6.00 to 6.50, hens 6.00 to 6.25, turkey items and other fowl with varied cents per pound or dozen markets.
J M elder returns from Austin to find Liverpool futures seven points higher than old months yet open seven to eight points lower due to cral selling. Nat Davis reports Sugarland mills turning 80 barrels of sugar daily and sees excellent corn conditions. optimistic outlook predicts record cotton yield this year.
Fr Swinnings and J W Gordon general brokers of Saarland Texas visited the exchange floor today aiming to establish a general brokerage business.
Operators report east and south Texas have received excessive rain while west north and southwest Texas show crop gains. Recent advices indicate northeast Oklahoma suffers heavy rain with acreage rising 20 to 25 percent.
July on this side climbs toward 16 events with tall doings in July and August. Reports from dry goods markets on this side of the water show improving activity and better business prospects.
Local bears expect fall months as low as 8 cents while bulls see no den promise in selling around 16 cents. New Orleans brokers H. and B. Beer and Easie and Looks Tower discuss acreage with New York wires. Formerly confident sellouts at 18 cents have shifted to 14 cents.
October and December approached 15 cents per unit last season as traders debate price directions for the new crop. Reports from Hayward Clark New Orleans Liverpool and New York note steady trade buying while bulls react. A moderate setback is expected.
Butter and cheese held steady with creameries and daisies priced around 16 21c and 13 18c respectively. Potatoes and poultry showed weakness while live fowls and dressed springs traded firm with veal at 50 to 110 pound weights near 6 to 9c per pound.
Quotations today show butter at 21c creamery, firsts 18c seconds 16c packing stock 184%e. Eggs weak extras 17e firsts 16c seconds 12 4c.
Quotation list shows steady lead at 4.25 with dull spelter at 6.22 and poultry prices including chickens 8c, springs 19 24c, turkeys 13 1b e, ducks 11¾c, geese steady. Butter creamery 15 2le, eggs lower at 14 4% cents.
Associated Press summary from New York on May 15 notes egg quotations with receipts totaling 24,999 cases. Prices listed include fresh gathered extras 190, firsts 16 1 Tc, seconds 18c, state Pennsy white 18 20c, gat white 18 19c, brown categories 16% 18% and western gathered white 17 1x TM-
The Associated Press reports declines in the wheat market amid rains in the American northwest and showers in southern Russia, with weak cash demand weighing on prices. Corn and oats follow the downward trend as traders weigh weather and export prospects against limited buying interest.
Chicago May 16 grain movement shows receipts and shipments today with totals recorded. Export and domestic orders followed usual patterns as warehousing and rail transfers processed.
Receipts today show 142 cars with 80 contract grade and 158 cars with 56 contract grade. Total wheat receipts at Chicago Minneapolis and Duluth were 145 cars, compared with 337 last week and 88 a year ago.
A garbled listing from Louis records shows quotes for wheat oats and other grains with July and September maturity notes. The fragment references prices or percentages such as 94% 95, 544%, and 93 percent, but lacks clear context or complete items.
Cash wheat futures show No 2 hard 60 9Te and No 2 red 9h 900 with corn steady No 2 mixed 52 4c Mo 2 white 5c Oats steady No 2 white 88% 34c No 2 mixed 314% 42%¢c. Close May wheat 88% bid July 85% bid September 83 te bid. Corn September 49% sellers July 50% e.
Revised 1910 cotton figures show United States area planted at 82,?04,009 acres with yield about 170.7 pounds per acre. State details list Virginia, North Carolina, Georgia, Mississippi, Louisiana, Texas, Arkansas, Tennessee, Missouri, Oklahoma, California and totals for the nation. Estimated area and yield will inform the June 2 crop assessment.
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