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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 17, 1911
Page
13
New York cotton rose as dry south weather supported futures. July contracts hit near 16 cents, with July up around 10 points and old crop gains widening. spot middling near 15.95 with firmer tone and covering by shorts amid export hopes.
The Associated Press reports New York May 17 cotton futures opened steady with January at 13.06 08, March 13.12 14, May 15.70 bid, and later contracts showing various bids including Yale at 15.83 84 and October around 13.16 1, with closings not yet determined.
The New Orleans cotton market opened steady with a 1 to 3 point advance as Hayne bid to buy up to 100 000 bales at market price and offered 1 8 over for spots. By midmorning prices rose to 8 4 points over the prior close with July near 16 cents and 70 000 bales bid at 15 70.
New Orleans reports cotton futures opening steady on May 17 with May at 15.59 62, June 15.75 77, July 15.86 87, August 14.96 97, September 13.59 61, October 13.13 14, December 13.06 07. Trading activity reflects a quiet start to the session.
May 17 Liverpool spot cotton trades modestly higher with American middling at 8.58 down to 7.90 for lower grades. Daily sales 7000 bales, 5900 American, receipts 11000 incl 10000 American. Futures opened and closed steady with May at 8.09 and progressing through December January terms.
Leading spot markets report middling activity in Liverpool and steadiness in Newark and Houston. New Orleans and Galveston are firm with modest volume while errors in line items show 7,000 Newark and 2,840 Houston trades.
In Memphis on May 17 the spot cotton market held steady with middling grade at 15 3/4 cents per pound. Trade activity appeared unchanged as buyers and sellers maintained current price levels.
The Associated Press reports in New York that cotton spot closes May 17 show a 10 point rise with middling at 15.85 and middling full at 15.85, mid-up one at 16.05, and no sales recorded.
Memphis Tennessee May 17 Prime oil values show 5.46 to 5.47 per unit while meal is quoted at 24 dollars and linters at 3⅞ cents per pound according to Associated Press data.
The article notes old crop months may move in any direction while new crop positions resist declines. It cites Davis Swan & Gorden Brokerage, tells of J. Muller's travel, and predicts strong near months until bulls sell off. It highlights Texas leading farm product values and a June 2 acreage report forecast.
New York May 17 Stocks retained yesterday's gains with widespread but modest advances. Leaders opened near last close while U S Steel lagged. Strong demand and profits from yesterday's rise spurred further buys with western crops rains boosting confidence. Bond market firm with Erie and Atchison in demand as rails stay robust.
A good tone ruled in cattle trading with moderate offerings of desirable quality. Cows sold from 3.50 to 4.00, calves 4.50 to 5.00, hogs 5.00 to 6.00 with a top of 6.00. One carload beef steers from Christine to Fort Worth and bulls from Fort Worth to Mexico City arrived for unloading and inspection before crossing the border.
In Fort Worth on May 17 about 2500 cattle including 150 calves were sold with buyers active. Beef steers across grass and cake fed types traded steady to higher with grass fed at 4.60 4.75 and cake fed 4.80 4.90. best feeders 4.64. most 4.05 4.30. Hogs 1500 head steady with top 6.20 and averages 5.86 6.10. Sheep and weathered stock rose a dime with clipper weathers 3.90 and mixed grades 4.25.
Chicago market reports show cattle receipts about 18 000 with steady trade and prices ranging from 2 40 to 7 25 for calves. Hogs receipts near 25 000 with a weak market and prices from 5 80 to 6 40 for various weights. Sheep receipts about 17 000 with a strong market and lambs from 4 75 to 6 70.
Kansas City receipts total 6000 cattle, 18000 hogs, 5000 sheep with steadier prices. Native steers 5.00 to 6.16, southern cattle 4.00 to 5.60, stockers 4.75 to 5.75, hogs 6.05 to 6.20, sheep and lambs 3.75 to 6.50 with varying weights and grades.
Cattle receipts 3200 with no Texans and a weak market. Native beef steers 5.00 to 6.50, cows and heifers 3.25 to 6.25, stockers 3.00 to 5.50, Texas steers 4.50 to 6.50, calves 5.00 to 6.75. Hogs receipts 10,000 with steady to 6.50. butchers 5.59 to 6.30. Sheep receipts 2000 steady. native muttons 3.75 to 4.50, lambs 5.75 to 6.55.
India council bills were allotted today as coffee and spinning profits push brokers to note strong bulls. The market shows continued export activity at high levels, creating tension for American mills. Bradstreet predicts up to ten percent acreage rise in Louisiana and parts of Mississippi, a forecast some doubt.
The market showed little movement across all produce lines with commission houses supplying ample stock. Berries stood out as the short item though, with a delayed car arriving tonight to meet strong demand. East Texas Klondikes offered at 2.50 per crate and noted for good quality.
California growers push higher opening prices forcing packers to withdraw initial quotes. A large peach shipment warned a ten cent per dozen increase to cover tin and raw material costs. Tomatoes see a two and a half cent per dozen rise due to water rules. Egg and butter markets show varied movement with a potential firming in dairy, while cantaloupes expect ample supply and a price drop. Port Lemon barfinas bananas and Klondike strawberries arrive, with liberal vegetable shipments noted.
New York May 17 reports show quotations for Eyes weak and unchanged with receipts totaling 36 053 cases.
Price to shipper commission and price to retailer for dairy and poultry items. Butter Creamery per pound 20c country butter wc. Eggs country dozen 15c. Cheese Fancy cream 18c fancy brick 20c American Swiss 24c imported Swiss 81c Limburger 2c Badger State 18c. Poultry Broilers $3.25 to $6.50 per 6. fryers $6.00 to $6.50. hens $6.00 to $6.25. guineas dozen $3.25 to $3.60. ducks Santae $6.
Chicago market update shows butter steady with various creamery quotes and Daisies and Twins cheese prices mixed. Eggs hold at steady levels with receipts about 20,980 cases and unspecified grade ranges. Potatoes and poultry also hold steady with live turkeys at 12 cents and dressed birds at 23 cents. Veal prices per weight bands noted.
Kansas City market quotes show butter at 20 cents for creamery firsts 17 cents seconds 16 cents and egg stock at 13 4 cents. Butter and creamery items varied with extras at 17 cents and firsts at 15 cents to 16 cents per pound.
Quotation list shows chickens at 11 1/2 cents, springs 20 2/5, turkeys 18 15/16, ducks 11 1/2, geese 6 cents. Butter steady, creamery butter 15 28/100 cents. Eggs unchanged at 14 cents.
In New Orleans on May 17 the rice market remained steady with activity confined to Honduras rice. Receipts totaled 3555 rough sacks 4154 clean sacks and 3190 millers sacks. Sales included 2350 rough Honduras at 2.00 to 2.85 and 2844 clean Honduras at 13 to 16 3 4 cents per sack. Japan clean 122 at 21 16 cents. Quoted prices: Rough Honduras 1.50 to 3.00. rough Japan nominal. Clean Honduras 8 4 3 4 cents. clean Japan 2 3 4 cents.
Galveston reports arrivals yesterday including Hispania Orto Cortez City of Mexico Tampico Jungshoved Tampa Progreso New Orleans Concho New York via Key West and departures of El Cid New York Eastry Aalborg. New York notes markets for hides leather wool and rice with quiet and steady quotes.
Sugar prices hold steady with raw Muscovado 89 test at 3.36 cents, 96 test at 3.86, and molasses sugar 89 at 3.11 cents. Refined sugar and molasses also steady in the New York market.
The New York coffee market finished yesterday with futures up 6 to 17 points. Sales reached 29,500 bags. Spot coffee remained steady with No 7 Rio at 11 1/2 cents and No 4 Santos at 12 1/2 cents. Mild coffee quiet with Cordova around 13 15/16 cents.
New York reports firm and quiet dry goods markets with pressure for timely delivery in men s wear. Yarns show firmer prices and prints are being ordered more generally than in recent times.
The May 17 market wrap reports firm close for lead at 4.25 and spelter at 5.25 in St Louis. Copper in New York finished quiet. London spot 63 pounds 15s and futures 55 pounds 6s 7d. tin ranges around 42.65 to 43.00. Export totals by month reach 13,529 tons. Lake copper 12.25 to 12.37%. Foundry iron quotes show No. 1 northern and southern at 15.25 to 15.75 and No. 2 northern at 15.00 to 15.50.
Texas acreage for cotton this year is estimated between 9,350,000 and 9,450,000 acres, up modestly from last year. Rainy weather caused delayed planting but not lasting damage while influx of homeseekers brings more ranch lands under cultivation. Planting finished in upper regions with progress across the state and few reports of insect pests.
The item notes a drive to preserve blackberries and mentions the Prutt Commission and a group called The People With the Goods. Details are fragmentary but indicate a public effort to secure berries affordably and organize community access.
May 17 Chicago reports rains in Russia easing wheat prices. Indian supplies and favorable Argentine weather plus a forecast of showers in the Dakotas and Minnesota support prices. U.S. export sales raise to about 116 million bushels. July wheat opened 0.5 to 0.75 cent lower, then firmed. Oats rose on dry weather fears while corn recovered from early weakness. Pork, lard, and ribs traded at 14.90, 8.05, and 7.87 per hundredweight.
Chicago May 11 receipts and shipments of grain were reported with consignments tallied for the day. Figures show movements of corn wheat oats and other grains through the Chicago market. Shipping data include truck and rail departures from major grain elevators and terminals.
Receipts today show Wheat 123 cars with 88 contract grade and Corn 114 cars with 51 contract grade. Oars 1388 cars. Minneapolis and Duluth total receipts 249 cars, versus 276 last week and 158 on the same day a year ago.
The St Louis market report shows wheat gains and oats rising with prices for No 2 hard 54% to 54% cents, track red 95 to 96 cents, No 2 white 54% cents, oats No 2 track 32% cents. May wheat 93% cents, July 95% cents, September 86%4 cents. oats July 33% cents, September 33 cents.
Cash wheat unchanged with No 2 hard at 90 to 98 cents and No 2 red at 90 to 92 cents. Corn shows a slight uptick with No 2 white 52 to 58 cents and No 2 mixed 53 cents. Oats steady with No 1 and No 2 at 33 to 36 cents. May wheat at 84 1/2 cents, July 84 1/2. September 83 1/2. Corn futures: July 50 1/2 cents, September 50 0? cents bid.
Cash wheat prices list No 2 red at 96 to 97 cents, No 3 hard 96 to 97, No 1 northern 1 62, No 2 northern 1 00, spring 92 at 1 01. Corn No 2 53 to 54 cents, No 2 white 54, No 2 yellow 53 to 54, oats No 2 33 to 35 cents, No 2 white 35 to 34 cents, standard 34 to 35.
Prime mercantile paper quoted at 31 2 for 4c. Sterling exchange steadies with sixty day bills at 484.40 and demand at 486.25 to 486.30. Commercial bills 483 7-8. Bar silver 53 1-4c. Mexican dollars 45c. Government and railroad bonds stronger. Money on call steady at 2 1 2c, rate 4. time loans higher: sixty days 2 1 2 to 2 3 4c, ninety days 2 1 2 to 2 3 4c, six months 3 1 4c.
The Rathskellar in San Antonio operates from noon to 1 PM offering good service and a choice delicatessen with short orders. Elite Cafe and A Collman, plumber, are named along with contact phones.
A 14 month old Jersey heifer branded T. Y. was lost in the Laurel area and is believed to be in the pasture behind the town. A contact phone number 434 is provided for return.
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