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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 25, 1911
Page
13
The cotton market opened barely steady then declined with old crop futures off about 6 to 12 points and new crop near unchanged to 5 points lower. July fell to 15.62, August to 15.07, while spot remained quiet at middling 16.00.
The Associated Press reports steady cotton futures in New York on May 25. January quotes 13.02 04, March 12.11 12, May 15.65 69, June 15.70 offered, July 15.75 77, August 15.15 16, September 15.54 55, October 13.11 12, December 13.04 05. Futures closed steady.
New Orleans May 25 cot ton futures opened steady with old months down 7 to 9 points and new months 2 to 3 8 points. Market remained uneasy on dry weather and lack of rain with forecasts predicting continued drought. By noon old crops fell 12 to 16 points, new crops 5, and at close the market held a net decline of 7 to points.
Cotton futures in New Orleans opened steady with May at 15.40 bid, June 15.48 45, July 15.63 64, August 14.65 bid, September 13.41 bid, October 13.04 95, and December 13.00 asked.
May 25 Liverpool cotton closes lower with American middling at 8.28 and 8.60 for higher grades. Daily sales reach 6000 bales including 5500 American, receipts 15 000 with 11 600 American. Futures open easy and end irregular from May to March contracts.
Memphis AP report shows spot cotton steady at middling 15 1/2 cents with only minor changes across the market.
The Associated Press reports Houston on May 25 notes spot cotton prices steady with middling grade at 15 cents per pound. Dry conditions persist as traders wait for further market cues.
The fragment records numbers like 15.30 and 16.15 with references to middling uplands and gulf. No clear event, place, or named entities beyond New York and AP attribution.
Fragmentary note from Galveston reports a calm May period with subdued activity. No clear events, dates, or names are readable. the text hints at a quiet market and lowered public attention.
A slow market opened lower for old and new crop months with July New York down 24 points from last night’s close in early trading. Old crop prices fell about a dollar per bale while new crops slipped five points as bears gain the upper hand amid favorable weather in parts of the belt.
Cotton statistics report stock in hand yesterday at 391,646 bales, stock the same day last week at 391,646, and stock last year at 608,028. The season deficit stands at 147,278 bales.
Memphis May 25 prime basis oil 5.66 to 5.70 cents per pound meal 24 dollars per ton linters 3½ percent reported for cotton seed products in a daily market note.
New York on May 25 reports cot tonseed oil quotes with the May closing at 6.91 to 7.04 and July at 6.66 with scarce clarity for September at 6.? The text shows several garbled figures but indicates a listing of contracts from May through September with fluctuating bids and asks.
U S Steel led a heavy selling day in New York trading after steel price cuts. Many leading issues showed support, notably Reading and Union Pacific, while U S Steel fell to 77% and 78% in brisk activity before fading into a dull close as bonds eased and speculation awaited steel sector developments.
The Associated Press reports closing figures in New York with mercantile paper at 21 2 3 percent. Sterling exchange steady with bankers bills at 484.40 for sixty day bills and 486.35 for demand. Commercial bills at 483 7 8. Bar silver at 53 8 1 4 cents. Mexican dollars 45 cents. Government bonds steady. Railroad bonds irregular. Money on call steady 2 1 4 to 2 1 2 percent, closing bid 2 3 8 offered. Time loans easier with sixty days 2 1 20 percent, days 2 3 4 3 percent, six months 3 4 percent.
New York copper closed quiet with spot and nearby prices near 11.80 to 12.00 per unit and gains in local tone. Arrivals reached 700 tons as exports for the month total about 21,046 tons while tin and spelter showed ongoing dullness and mixed London quotes as iron market metals edge lower for southern grades.
New Orleans ves spot cotton quiet with 290 bales sold and 40 arriving. Prices ranged from low ordinary 12 3-16 to good middling 16 1-16 with strict grades near 14 13-16 to 16 1-16 and 1368 bales received in stock.
The forecast for San Antonio and vicinity calls for increasing cloudiness tonight and Friday. East Texas shares the trend with more cloud cover while central areas face high pressure. A storm system over the Rocky Mountains and northwest keeps northern districts unsettled and cool with possible snow in Montana and freezing in Alberta.
The Texas peach crop this year is only half of last season, pushing canned peach prices up about 25 percent from 1910 opening figures. Evaporated peaches are expected to rise as crop damage is widespread. California Tokay grapes appear plentiful while Malagas will be scarce due to a hard hit crop.
A local commission man reports a liberal shipment of California apricots this morning, though growers say the crop is short and dried apricots command high prices. The strawberry market shows signs of a short yet satisfactory yield with strong demand and firm prices. A jobbing house moved half a carload of berries in two hours with prices ranging from 1.50 to 2.50 per crate.
Baltimore canners warn tomato prices are rising and will likely be higher than many years by season’s end. Primary stocks are light and crop prospects dim amid dry conditions in the Baltimore area and widespread spring backwardness. Robbers who ordered tomatoes early feel fortunate as supplies dwindle. San Antonio awaits its first carrot shipment of watermelons with few on hand.
Green vegetable market has shown modest improvement as prices firm up. Farmers continue regular trips to markets with their wares, and there is little prospect of further price increases.
The Pruitt Commission company received a carload of oranges this morning. Sgitcovich and company received a carload of bananas.
San Antonio price list shows shipments to shippers and retailers for dairy poultry and cheese. Butter per pound 16 to 20 cents country eggs 15 cents Gozen eggs 15c. Cheese varied from 18 cents to 24 cents import Swiss 31? Limburger 20c. Poultry prices include broilers 3.25 to 3.50, fryers 6.00 to 6.50, hens 6.00 to 6.25, ducks per dozen 6.00, squabs per dozen 1.25 to 1.50, geese 10.00 to 16.00, turkeys per pound 16 cents live.
Market notes show Putteriay Creameries at 21c for 16 ounces and Puries at 19c eggs steady with 19 128 cases received. Cheese also steady while potatoes remain strong and other listed perishable items show mixed trims.
For additional markets see page 15. Poultry steady with turkeys live 12 cents and fowls 12 cents. Springs dressed 22 to 26 cents. Veal steady with 50 to 60 lb weights at 7 cents, 60 to 85 lb at 8 to 9 cents, and 85 to 110 lb at 9 to 10 cents.
Kansas City markets recorded creamery butter at 20c for firsts 17c for seconds 15c for packing stock and 10c for extras. Readings include firsts 15c seconds 15e.
Quotation list shows Chickens 10 cents, springs 21 to 24 cents per pound, turkeys 12 to 15 cents, ducks 12 to 13 1/2 cents, geese 6 cents. Butter quiet. Creamery eggs 15 to 18 cents, eggs lower at 12 1/2 cents.
New York market report shows eggs higher grades firm while others ease or hold. Prices remain unchanged with receipts totaling 31 224.
Nat B. Parks reports fat cattle ready for market across ranch country while buyers wait for better prices. Kerrville shipments to San Antonio and Houma reflect steady hogs and calves, with hogs peaking at $6.00. Cattle receipts total dozens as cows and calves show solid demand and stocker interest remains high.
New Orleans May 25 trading in the total rice market was very quiet with no sales or receipts of rough grade. Receipts: rough none, clean 9978 sacks, millers none. Quotations list rough Honduras 1.50 to 3.00 and rough Japan 2.00 to 2.75 per sack.
In Chicago on May 25 bullish wheat sentiment grew on hot southwest weather and limited rainfall. Export demand expected to improve with European needs. July prices opened higher and traded up with corn and oats also rising on strong provisions and hogs.
Receipts and shipments today were listed for Chicago market. Data shows grain arrivals and departures tracked by major grain exchange, with totals reported for corn, wheat, oats and other commodities. Prices and exact figures are contained in the full Associated Press report.
Receipts today include wheat 202 cars with 142 of contract grade, corn 413 cars with 136 of contract grade, oats 304 cars. Total wheat receipts at Chicago Minneapolis and Duluth 410 cars, versus 310 last week and 193 on the same day last year.
Packer and butcher buyers stayed away as outside buyers took control of the market at Union Stock Yards May 25. Cattlemen note nationwide cattle shortages, predicting a dull market for stocker cows, with two carloads bought for grass. Cow prices held near lower figures with some sales to 3.75, calves around 4, and no hogs or goats offered.
In Fort Worth on May 25 the livestock receipts totaled 1700 cattle 2000 hogs and 2500 sheep. Cattle prices showed steadiness with steers slow at 4.80 for killing steers and 4.25 to 4.40 for other steers. Hogs remained steady with tops at 6.00 and bulk sales 5.40 to 5.90. A West Texas drove of wethers sold steady at 4.50 amid uneven late sales.
Receipts total 4000 cattle including 800 southerns with steady market. Native steers range 5.20 to 6.20, southern steers 4.50 to 5.60, cows and heifers 2.00 to 4.50, stockers 4.75 to 5.60, bulls 4.00 to 5.00, calves 5.00 to 7.25, western stock 5.00 to 6.00. Hogs receipts 12,000, market strong with bulk 65.80 to 5.90, lights 5.85 to 5.95. Sheep receipts 5000, market 10 cents lower. muttons 4.00 to 5.00, lambs 6.00 to 7.50, fed wethers and yearlings 4.50 to 6.00, fed western ewes 4.00 to 4.60.
Receipts estimated: cattle 45,000 steady market with beef cattle diverse price ranges. Hogs 20,000 with uptick of 5 cents and varied weights. Sheep 16,000, market slow to steady with native and western categories and lambs priced up to 7.25 dollars.
Receipts total about 2000 cattle including 1000 Texan head, market steady with native beef steers 5.50 to 6.15, cows and heifers 3.50 to 6.50, stockers 3.00 to 3.59, Texas and Oklahoma steers 4.50 to 6.15, calves 5.00 to 7.50. Hogs number around 12000, market higher with pigs 5.85 to 6.00, sows 5.25 to 5.69, butchers 5.80 to 6.00. Sheep receipts 3500, muttons 4.00 to 5.00, lambs 5.00.
Snyder Texas May 25 E W Clark sold 1500 head of two year old steers to D M Deavitt of Hockley county The price is said to have been 33 dollars per head
The Associated Press reports St. Louis cash wheat firm with 2 red at 94 1 2 to 96 1 20, 2 hard at 93 98. Corn up with 2 track at 54 cents and 8 white at 54 1 2 to 56. Oats rise with 2 track 31 2 to 33 4, 2 white at 36 36 1 4. Markets close higher across all listed contracts.
To grocers Davis Swann Gordon have received the agency for the famous Omega flour regarded as a class by itself. Old phone 5245 in No 201 Washer Building.
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