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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 23, 1911
Page
9
The cotton market opened steady then declined with July futures down about 5 points while new crop rose on covering and buying amid a bullish weather report. Old crop stayed near last night’s close as late trading softened, with spot prices steady at 16.10 a bale.
Cotton futures opened steady with several contract bids and asks including January at 13.10 and March 13.16 18. By close the market remained barely steady with many months trading within narrow ranges.
New Orleans May cotton futures opened steady with old crop months down 2 to 4 points and new months unchanged. Cables were stronger but gains faded on favorable weather reports across the belt. By late morning old crops slipped to 1 point below yesterday and new crops were 1 to 2 points higher.
May 22 report from New Orleans shows cotton futures opening quiet and steady with quotes for May 16, June 15.66 68, July 15.386, August 14.83 bid, September 13.53 to 13.126, and December 13.06 within a narrow trading range.
The Associated Press reports May 23 that Liverpool spot cotton closed modestly higher with American middling fair at 9.0 and good middling at 8.58, sales 4000 bales including 700 for speculation and export. Receipts totaled 8000 bales, futures opened and closed quiet with May at 8.11 and spread quotes across the season.
The market report shows Liverpool and New Orleans steady while New York slips 18.10 to 100. New Orleans reads 11-164,611 with steady tones in Houston and Galveston. Limited activity reported in New York and mixed gains in other ports.
New Orleans on May 23 reports spot cotton steady with 1395 bales sold and arrivals due May 26. Prices list nominal rates across grades from low ordinary to strict good middling, with recorded gross receipts of 2547 bales and bollock totals 105,577.
In New York on May 23 the market for cotton showed quiet tone with middling uplands at 16.10 and do gulf at 16.25 per hundredweight. Sales totaled 100 bales.
Spot cotton in Memphis is steady and unchanged on May 23 with middling at 15 and a half cents per pound as reported by the Associated Press. The brief note records current price and conditions for traders monitoring regional fluctuations.
After twenty years in the Western penitentiary for a murder he has been declared innocent, Andrew Toth will go free. The AP report from Houston dated May 23 notes the spot market prices and steady middling grain trading details.
A Cotton Exchange report outlines a mixed opening with gains on new and old months and a 34 percent acreage rise in Oklahoma. Weather remains generally favorable across the belt, especially Texas, while growers hedge on yields and traders foresee liquidation before bureau day June 2.
Exports data show Great Britain 9,709 this week and 21,809 year to date. France 1,169 this week. Cincinnati exports 22,720 this week and 2,230 year to date. Mexico and Japan exports total 18,316.
Stocks faced early pressure with notable declines in Missouri Pacific United States Steel and Union Pacific. Prices stabilized as some leaders held gains while buyers absorbed early offerings. International Paper rose two points while American Tobacco reached a historic high. bonds remained irregular and the market closed firm.
Memphis May 23 prime basis price figures from the Associated Press show meal at 24 dollars, linters at 31 and base prices 5.46 to 5.47 for prime cottonseed products with general market movement noted.
New York on May 23 sees cottonseed oil quotations noted with price levels and market activity. Traders monitor supplier bids and demand signals amid varied spot and futures pricing for near term delivery.
Through J. E. Broussard of Beaumont Texas, the Southern Rice Growers association reports a sale of 250000 bags of rough rice to dealers. The buyer ship from Texas, Louisiana, and Arkansas with mostly Honduran rice and hulls removed for some lots. No price quotations were disclosed but rough rice screenings were not materially different from prior quotes.
The May 23 AP report from St. Louis shows lead at 4.22 to 4.25 and spelter at 5.22. The market tone is described as dull for spelter.
The Associated Press reports May 23 in New York that prime mercantile paper stands at 344 4. x Sterling exchange is steady with bankers bills at 4.84.50 for sixty days and 4.85.40 for demand. Commercial bills at 4.83%. Bar silver at 53.4%. Mexican dollars at 45%. Government bonds are easy while railroad bonds show irregular activity.
New York on May 23 reports money on call steady at 7 percent with ruling rate 2 percent. Closing bid 214 offered 24 percent. Time loans easier as demand falls with sixty days at 23 1/2, ninety days 2, six months 3 percent.
May 23 price report shows cash wheat steady at 87% to 95c for No 2 hard and 88% to 89c for No 2 red. Corn steady with 4c rise. No 2 mixed and No 2 white at 50% to 58c. Oats unchanged. No 2 white 35 to 36c, No 2 mixed 32 to 38c. May wheat 87% bid, July 83% bid, Sept 82.5 to 83c sellers. Corn July 50c sellers, Sept 50c sellers.
The St. Louis market report shows cash wheat steady with No 2 track red at 94 to 95 cents and No 2 hard at 91 to 98 cents. Corn prices rise with No 2 track at 52 to 53 cents and No 2 white at 65 cents. Oats hold firm with No 2 track at 33 to 46 cents and No 2 white at 35 to 36 cents.
The health office filed today a birth certificate by Dr A S McDaniel naming James E Dupree as the first Harlandale baby. The report states the birth occurred last Saturday with Mr and Mrs James Dupree as parents.
The report notes a warmer night in the southwest portion and unsettled weather in northern and eastern districts. Central Georgia experiences rain, while Alberta sees snow. A high temperature is forecast for the lower lake region, the Ohio Valley, and the Middle Atlantic states.
The morning mail reports a forthcoming government provision contract valued at about 50000 dollars aimed at San Antonio merchants. Open date May 29 with delivery by June 20. The lemon market remains firm due to warm weather and California shortages, while Valencia shipments rise. A large Virginia peanut fire prompts price withdrawals from several shippers, impacting the market. Carloads of bananas Valencia oranges lemons berries and greens are moving through various firms including Pruitt Commission Co George Witcovich & Co and Gugenheim Goldsmith Co.
Price list shows butter per pound at 20 cents country butter, eggs at varied rates, fancy cream cheese 18 percent, Swiss imports 24 cents, burgers 20 cents, Badger State items, and poultry prices including broilers 3.25 to 3.50 per dozen, fly ers 6.00 to 6.50, hens 6.00 to 6.25, turkeys 16 cents per pound.
Kansas City on May 23 reports butter prices with creamery butter at 20 cents per pound, firsts 17 cents, seconds 16 cents, packing stock 13 1 2 cents, and extras 1 1 2 cents. other lines include minor price notes for various dairy grades.
Chicago on May 23 reports quotations for butter firms with creamaries at 16 to 21 cents and dairies at 15 to 19 cents. Eggs steady with 27,914 cases packed. First quality creamery products show steady prices. Potatoes described as old weak and new firm with choice quality noted.
The market quotes old machinery at 38 40, fair to good 35 37 cents, new 90 95 cents. Poultry remains steady with live turkeys 12 cents, live fowls 12 44, springs dressed 22 26 cents. Wear holds at 50 to 60 pound weights 7 5 percent, 60 to 85 pound 8 2 percent, 85 to 110 pound 9 10 cents.
The Associated Press reports May 23 in New York that quotations for eggs show higher grades steady while low grades weaken. Receipts reach 34,599 with fresh gathered extras at 19 20c, seconds at 15 1/2c, and dirties No 1 at 14c.
Prices recorded include chickens 10c, turkeys 12 15c, ducks 11c, geese 6c, spring 25%4c, butter 15 21c, creamery, eggs unchanged at 18c. Price lists reflect a dull butter market and steady egg rates.
Testimony in the charter contest case disclosed voting irregularities with three country residents and a Mexico born man named among those voters. Witness Leon Perez testified of three other illegal voters in the rock quarry precinct. Catarino Fices corrected his birth origin from Mexico to Uvalde, citing miscommunication. Prosecutors faced difficulty locating subpoena targets as many witnesses dodged service.
President Taft left for New York with Senator Bacon and others to dedicate the New York public library this afternoon. He will attend a formal dinner hosted by J A Cadawalftr and return to Washington after midnight. Attorney General Wickersham accompanies the party.
Harrisburg May 23 The Brotherhood of Railroad Trainmen re elected W Lee of Cleveland as president by 579 to 169 over George M Sharkey of Del Rio Texas Roe of Wichita Wan was not presented T R Dodge was named assistant to the president Vote tally for other officers to be completed tomorrow
A local notice urges preserving blackberries now as prices for cheaper strawberries and peaches are noted this season. The message references the commission and supplier role, stressing affordable fruit availability.
Chicago May 23. Wheat traded bearish on good growing weather and improved European supply yet rally fed by leading houses buying. May opened down then up, May up 1/4 cent. July weak then firm around 87 to 88 1/2. Corn rose as offerings stayed light and oats were snapped up by brokers. Pork, lard, ribs trim backed by Packers and Milwaukee dealers. May wheat closed two cents higher from initial dip.
Chicago May 22 receipts and shipments of grain were reported with today’s totals. The brief item notes that movement occurred but provides no further specifics on quantities or destinations.
Receipts today include 164 carloads of wheat with no contract grade value, 357 carloads of corn with 147 contract grade, and 246 carloads of oats. Total wheat receipts across Chicago Minneapolis and Duluth reached 319 cars, down from 360 last week and higher than 172 on the corresponding day last year.
In Brownsville Texas on May 23 the Rio Grande climbed eleven feet in thirty hours and began to fall by Sunday night. The highest tide reached within three feet of the high water mark. The San Juan River stays high and further flooding is anticipated.
At Union Stock Yards on May 23 receipts fell sharply with about 200 head offered versus the prior day’s plan for 500. Packers and butchers bought at rock bottom figures while calves brought up to a nickel and cows up to four cents. Hogs were not offered though bids remained strong for a larger supply. By 3 pm the market closed with cows steady, calves steady, and pigs and lights topping at six dollars.
Receipts in Chicago cattle about 8000 with a steady market. Beeves 6.10 to 6.40, Texas steers 4.60 to 5.60, western steers 4.80 to 5.80, stockers and feeders 3.90 to 5.75, cows and heifers 2.40 to 4.75, calves 4.75 to 7.25. Hogs receipts 17000, market weak to five cents lower. light 5.70 to 6.10, mixed 5.70 to 6.00, heavy 5.45 to 5.99, rough 5.45 to 6.60, best heavy 5.60 to 5.90, pigs 5.40 to 5.95, bulk 5.80 to 5.95. Sheep receipts 15000, market strong. natives 3.50 to 5.00, western 3.75 to 5.10, yearlings 4.70 to 5.75, camels 4.75 to 7.10, western 5.75 to 7.39.
May 23 report shows cattle receipts at 10 000 with steady market. Native steers 5.25 to 6.15, southern steers 4.50 to 5.50, stockers 4.75 to 5.60, calves 5.00 to 7.25, western steers 4.75 to 5.85. Hogs receipts 21 000 with prices 5.75 to 5.90. Sheep receipts 7 000 with strong market. lambs 5.70 to 7.00, muttons 4.00 to 4.50.
Cattle receipts 5000 with 1100 Texans. Steers 5.50 to 6.45, cows and heifers 3.50 to 6.15, stockers 3.00 to 5.50. Texas and Oklahoma steers 4.50 to 6.50, cows 9.50 to 5.00, calves 5.00. Hogs receipts 15000, market 5 to 10 cents lower, pigs and barrows 5.85 to 6.00, packers 5.25 to 6.00, butchers 5.00 to 6.00. Sheep receipts 5600, market steady, muttons 4.00 to 5.50, lambs 5.1 to 5.7.
John Young of Alpine visits the stock yards with W E Pruitt of Fort Davis noting cattle scarcity concerns ease as long grass and water boost Texas cattle. Trainloads of stocker steers arrive for Panhandle expansion while recent shipments out of Navasota signal a rising market. A hog case in Karnes County costs both sides heavily and ends with one party keeping the animal. Osborne Farmer recounts two once prosperous stockmen going broke amid legal fights. H A Johnson of Karnes City reports ideal cattle conditions and predicts 1911 a banner year ahead. A Pecos sheepman notes congressmen seek free wool lists to loosen controls. Porter Loring remains homebound but expected back soon.
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