The Mercedes News (Mercedes, Tex.), Vol. 5, No. 58, Ed. 1 Tuesday, June 12, 1928 Page: 3 of 8
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THE MERCEDES NEWS,
TUESDAY, JUNE 12, 1928
Page 5
Cotton, Vegetable, and Livestock Markets
X
-4
Potato Shipments
From Valley To Be
Nearly 1,500 Can
Government Analyzes
Bad Conditions of the
Market
The current review of the potato
season issued under date of May 31
by the bureau of agricultural eco-
nomics of the United States depart-
ment of agriculture discloses the
fact that shipments from the Valley
are smaller this season than last al-
though the yield per acre was larger.
The report analyzes the generally
unfavorable market conditions which
have prevailed and places the blame
on the large Florida crop which
forced other sections to enter the
natural Valley shipping territory and
compete with the Valley commodity.
Total Valley shipments are estimated
at 1,500 cars. Shipments last sea-
son were 1,571 cars. The report
says:
“Lack of timely moisture and low
temperatures reduced the potato
prospects this season. Acreage in the
Lower Rio Grande Valley was re-
duced almost 5,000 acres, but the
other commercial areas of the state
planted a corresponding increase. Up
to May 12, a total of 1,395 cars had
been shipped, practically all of which
were from the Valley, where the sea-
son is about over. Last year this
section shipped 1,571 cars; the other
sections 1,476 cars. The Wharton-
Eagle Lake-Simonton commercial area
began shipping somewhat before mid-
May.
“Since the recent rains conditions
have improved considerably, but, ow-
ing to the shortage of moisture there-
tofore and the injury from April
frosts, the May 1 condition was only
72 per cent, against 76 per cent a
year ago. Unless frost injury has
done more than expected damage, the
increased acreage in those commer-
cial sections north of the Valley
should produce more than last year.
More than the usual number of cars
of certified seed were planted this
season.”
Below is a statement of the esti-
mated commercial acreage of Texas
potatoes this year, with shipments of
last season:
Acres
1928
Lower Valley____________ 9,000
Eagle Lake, Whar-
ton and Ft. Bend
County _________________ 7,300
E. & N. E. Texas______ 1,825
Bexar County____________ 950
All other____________________ 1,835
Cars
1927
1,571
945
216
171
144
last season, when 1,591 cars were
shipped. The acreage in 1927 was
estimated at 13,460, and in 1928 at
9,000 acres. However, the latter fig-
ure is generally believed to be 1,500
or 2,000 acres too low.
“The Valley began shipping about
the middle of March, reaching its
peak four weeks later. Prices re
ceived for about half the crop aver-
aged $4-4.25 per 100 pounds, f. o. b.
usual terms. On or abount April 20,
market conditions became very un-
satisfactory and prices dropped quick-
ly to around $3.50. Due to what ap-
peared a very slow demand for new
potatoes at any price, dealers re-
ported that it was difficult to sell,
and prices steadily declined until
they reached $2.25 about May 5.
There has been a further decline from
this price since that time. Shippers
generally store rollers in transit, if
it becomes apparent that they can-
not get the price asked. Heavy
movement from Florida has forced
Louisiana and Alabama potatoes
over into what is normally considered
Texas territory, so that nearly all
sales are now being made in the tier
of states due north of Texas and in
Texas cities. Sales out of storage
have been made only when rolling
cars could not be diverted advan-
tageously to a point where a sale had
been made, and the number in stor-
age has remained more or less con-
stant during the past two weeks.”
The Cotton Market
SEASON’S HIGH AND LOW
COTTON MARKET
NEW YORK
High
Low
January ______________
____________ 21.53
17.00
March _________________
____________ 21.57
18.52
May _____________________
___________ 20.89
20.23
July --------------------
_____________ 24.70
17.10
October ____________
____________ 21.70
16.96
December __________
____________ 21.64
16.99
NEW
ORLEANS
High
Low
January _____________
____________ 21.22
16.80
March ________________
____________ 21.23
19.01
May ____________________
______________ 20.52
20.51
July ---------------------
____________ 24.25
16.81
October ............
___________ 21.40
16.60
December __________
___________ 21.40
16.62
JUNE 1 REPORT OF AMERICAN RAILWAY ASSOCIATION
(Bales — Standard Basis)
I Loadings On Missouri
Pacific Show Great
Increase Over Last Year
Net Receipts Exports Coastwise
Galveston, 1927-28 ________ 2,492,247
Galveston, 1926-27 ________ 3,766,957
Houston, 1927-28 __________ 2,498,139
Houston, 1926-27 ._________ 3,546,544
Texas City, 1927-28______ 90,772
Texas City, 1926-27______ 172,802
Corpus Christi, 1927-28 215,550
Corpus Christi, 1926-27 44,363
Beaumont, 1927-28 ______ 24,721
Beaumont, 1926-27 ______
All U. S. Ports, 1927-28 8,185,999
All U. S. Ports, 1926-27 12,420,810
1,987,298
2,921,392
1,780,695
2,403,180
45,329
87,825
196,666
6,591
3,777
267,650
472,962
77,464
73,965
1,599
3,955
Reshipped On Hand
(Rail)
113,757
231,267
431,847
846,764
47,204
75,813
13,597
35,550
18,924
269,571
291,262
388,081
435,015
9,543
9,475
3,688
630
2,020
1,223,674
1,568,509
Bales Exported to Foreign Countries from All U. S. Ports:
Gr. Brit. France
1927-28 -------- 1,343,977 835,385
1926-27 -------- 2,476,646 970,041
Continent Japan-China Mexico Total
3,694,683 939,923 17,061 6,831,029
5,019,882 1,715,927 16,949 10,199,445
TOTAL SHIPMENTS OF FRUITS AND VEGETABLES FROM THE
LOWER RIO GRANDE VALLEY
(To May 31, 1928, compared with total for two previous seasons)
To May 31, Total 1926- Total 1925
Commodities 1928
Anise ______________________________________________________ 10
Broccoli ...________________.___________________________________ 14
CHICAGO COTTON
Close
January ___________________________ 20.10a
July ___________1___________L__________ 20.36
December ________________________ 20.11-12
NEW YORK C S O CLOSE
Total commercial-
Report No. 2:
20,910 3,047
“The Wharton-Eagle Lake section
has just begun shipping, and will
probably reach the peak movement
abount June 1. Nearby is the Sugar
Land crop of about 2,000 acres, on
land leased from the Imperial Sugar
company. Daily reports (May 20)
show that prices are $2.25 per 100
pounds f. o. b. usual terms and $2
cash-track. These prices are for
strictly U. S. No. 1 stock, while off-
grade cars sell at lower prices, ac-
cording to the amount of defects
shown. The total number of cars
from this section will be consider-
ably larger than the output last sea-
son, probably reaching 1,500, as
against 1,000 cars in 1927.
“A small acreage of potatoes was
again planted this year near Athens.
Then, there is the usual acreage near
the Red river in Lamar, Hopkins and
other northeastern counties. I have
been told that the total acreage in
that section is slightly above last
year’s, but cold weather and rains
have delayed growth until very lit-
tle of it will be ready for the mar-
ket until well up in June or around
July 1. I have heard nothing what-
ever regarding the Cobbler crop,
usually planted around San Antonio.
All other sections of the state raise
mostly Bliss Triumphs.
“The Lower Rio Grande Valley
crop will total nearly 1,500 cars this
season, of which 1,400 have already
been shipped (May 20). About 1,300
cars have been sold, approximately
125 are stored in transit, and the
balance is still in the fields. Heavy
rains here May 12 and 13 stopped all
digging, and since that time only
three or four cars have been shipped.
If the weather continues fair, it is
likely that this (Lower Valley) sec-
tion will finish by May 26. This
movement of nearly 1,500 cars indi-
cates a better yield per acre than
Close
January ...-------------__._10.60b to 10.65a
July ---------------------------10.17b to 10.19a
Cabbage ---------------------------------------------------------- 6129
Cantaloupes ____________________________________________________ 1
Carrots and Beets ________________________________________ 3004
Chicory ___________________________________________ 7
Dandelion ________________________________________________________ 4
Eggplant ------------------------------------------- 13
Escarol ___________________________________________________________ 16
Fruits (all) ____________________________________________________ 1145
Green Beans _________________________________________ 244
Green Corn _______________________________________•_____________ 471
Lettuce _________1_________________________________________________ 69
Onions ___________________...__________________________________________ 74
Parsley ____________________________________________________________ 92
Peas _______________________________________________-__________________ l
Peppers __________________________________ 0
Potatoes ________________________________________________________ 1533
Radishes __________________________________________________________ 2
Romaine _________________________________________________________ 4
Savoy _____________________________________________________________ 0
Squash ______________________________ 0
Shallots _______ 7
Spinach _.___________________________J_________________________________ 15
Tomatoes __________________________________________________________ 33
Watermelons ____________________________________________________ 0
Mixed Vegetables __________________________________________ 5408
1927 Season
2
27
3772
1
2564
12
17
0
4
749
315
1041
11
71
36
2
11
1591
1
17
14
1
5
19
11
77
4039
1926 Season
0
0
4132
0
2344
0
0
0
0
286
156
857
19
321
29
0
20
1320
0
0
0
0
0
68
20
127
3832
TOTAL ________________________________________________ 19286
15393
14371
Since the season for shipping tomatoes and green corn was not half
complete at the end of May, it is evident that the total shipments of the cur-
rent season will be in excess of 20,000 cars.
TOTAL TEXAS AND LOWER VALLEY SHIPMENTS 1927-1928 SEASON
COMPARED (To May 31):
Commodity Total Texas
Cabbage __________________________________________________________ 7273
Mixed Vegetables -----------------------------------------— 7101
Beans_________________________________________________________________ 248
St. Louis, Mo., June 7.—That con-
ditions throughout Missouri Pacific
lines territory are much better than
a year ago and also show an im-
provement over the previous month,
is indicated in regular monthly state-
ment of loading and receipts from
conenctions issued here today by
President L. W. Baldwin, which
bears out previous statements that
there was no cause for alarm
throughout the middle west territory
but instead conditions continue to
a greater development.
Local loading on the Missouri Pa-
cific railroad for May was 88,910 cars
as compared with 80,631 cars in May
last year,' and 83,760 cars for April
this year. Receipts from connections
totaled 41,747 cars in May this year
as against 37,693 for May last year.
Total loading and receipts from con-
nections during May this year
amounted to 130,657 cars as com-
pared with a total of 118,423 cars
last year.
On the Gulf Coast lines local load-
ing for the month of May was 10,-
'438 as compared with 9,888 cars for
the corresponding month last year.
On this same line receipts from con-
nections for May this year was 8,860
cars as against 8,870 for the same
month last year. Total loading and
receipts from ocnnections this year
was 19,298 as cmpared with 18,767
cars last year.
Local loading on the International-
Great Northern for May of this year
was 11,029 cars as against 9,684 for
the same period of last year, while
receipts from connections on this
line were 12,644 cars for May this
year as against 11,760 for the same
month of 1927. Total loading and
receipts from connections this year
in May was 23,673 as against 21,444
for the same period last year.
The San Antonio, Uvalde and Gulf
also reflected a substantial increase
in local loading and receipts from
connections, the former for May be-
ing 3,295 cars this year as against
2,377 cars for the same month last
year. While receipts from connec-
tions for May this year was 1,629
cars as compared with 1,285 cars for
the same period a year ago. Total
loading and receipts from connections
this year in May was 4,924 com-
pared with 3,662 cars last year.
—-0— -
Among the “blessing of poverty” is
possession of sense enough to realize
that poverty is no blessing.^
Vegetable Shipping
Season Ends; Most
Sheds Are Deserted
Exchange Closes Year
With Movement of
2 Cars of Corn
The vegetable shipping season of
1927-1928 practically came to a close
yesterday when the Rio Grande Val-
ley Vegetable Growers’ Exchange
closed its sheds with the shipment of
two cars of corn. They returned to
the grower about 50 cents a bushel.
Nearly all of the cash buyers also
have closed their sheds and the re-
mainder of the week will see a very
inconsequental movement.
Tomato shipments ceased last Sat-
urday and it is not expected that any
more tomatoes will be loaded unless
it be for nearby Texas points. Jack-
sonville, Texas, is shipping more
than a hundred cars a day and other
points whose crop is just coming on
a similar amount. The consequence
is that the market is flooded and
prices are going down. Last Friday’s
shipments from Florida netted the
grower less than 3 cents a pound and
’ the price is expected to go below two
cents this week.
Points farther north also are ship-
ping a lot of corn and there is very
little market for the Valley product,
although a considerable amount re-
mains in the fields here. Corn prices
are expected to drop very materially
before the week is over.
The corn and tomato deals in the
Valley have not been particularly
bad, in fact growers who brought
their crops on early have made con-
siderable money. Tomato prices were
good until about two weeks ago. The
yield has been heavy and the quality
of the commodity in the main good.
Heavy rains damaged the tomato
crops but the big money had been
taken out before the rains came.
Mr. Televox, the mechanical man, is
a clever fellow, but could he eat an
artichoke without buttering his cra-
vat?
The “scientific interest” of most of
those who plan ocean flights is lim-
ited to the noise made when the palm
of one hand strikes the palm of the
other.
NEW ORLEANS C S O CLOSE
Close
January--------------------10.00b to 10.05a
July -------------------------- 9.65b to
August _________ 9.75b to
September ______________ 9 90b to
October -------------------- 9.93b to
November _________ 9.98b to
December ___________ 9.98b to
-0-
9.70a
9.80a
9.95a
9.96a
10.00
10.00
NEW YORK FUTURES
High
Low
Close
January ______
20.50
. 20.27
20.27-29
March __________
20.47
20.22
20.22-25
May ______________
20.43
20.16
20.16-18
July --------------
-_ 20.66
20.46
20.46-47
October________
20.76
20.53
20.53-55
December
20.64
20.38
20.38-40
NEW ORLEANS FUTURES
High Low Close
January -------- 20.19 20.00__19.98B99A
March —--------- 20.12 20.00 19.98B
July -------------------- 20.48 20.26 20.38F
October -------------- 20.28 20.02 20.03F
December ---------- 20.27 20.02 20.03.04
SPOT COTTON
Sales
Price
Galveston ____
_ 76
20.45
New York _____
-------- None
20.95
New Orleans
584
20.43
Houston ______
_ 41
20.35
LIVERPOOL COTTON
Close
High
Low
January _______
10.72
10.77
10.72
February _______
10.72
March ______________
10.72
10.76
10.72
April ___________
10.72
May___________
10.70
10.75
10.70
June ________
10.76
July ----------------------
10.93
11.01
10.93
August _________
10.89
September __
10.86
•
October _______________
10.81
10.88
10.81
November
10.73
December _____
10.73
Potatoes _____________________________________ 2352
Carrots __________________________________________________________________ 1485
Onions ________________________________________________________________ 5510
Tomatoes ____________________________________________________________ 901
Spinach ------ 5495
Lower R. G. Valley
6129
6473
244
1533
1420
74
942
15
Hog and Cattle Market
Fort Worth, June 9.—A load of
steers sold at $11, with a few head
out, and the trading was considered
steady. Odd bulls sold from $5.75 to
$7.75, or about in line with values
for the week.
Cows represented most of the re-
ceipts and sold fully steady. A pack-
age of somewhat on the heifer order
sold at $9; other sales $5.00(5)7.75,
with carlots from $6.25 to $7.35.
Trading in calves was limited to
one load and small package lots. This
load of calves averaged around 193
pounds and sold to a local packer at
$11, with a short at $8.50. Trading
considered steady with Friday’s sales.
Not enough sheep arrived to test
the market; values considered steady.
With a light offering of hogs, trad-
ing was mostly steady, quality con-
sidered. The rail top was $9.65 and
the truck top $9.25. In the rail sec-
tion three carlots averaging 191-208
pounds, $9.60(5)9.65.
Most of the packing sows sold from
$7.75 to $8.25.
CHICAGO GRAIN
WHEAT
Close
. 141.7
143.3
July ---------
September
December ______ 145.2
CORN
July __________________ 103.5
September ______ 102.2
December __________ 86.5
OATS
Close
July ------------------- 55.1
September __________ 46.2A
December __________ 47.7
RYE
Close
July --------------- 128.A
September______ 122.SA
December ______ 123.2
High
143.
144.3
146.3
104
102.2
86.6
High
55.6
46.2
.48
High
1.29
1.23.4
1.24.4
Low
141.4
142.6
144.6
102.6
101.5
85.6
Low
54.6
46.
47.5
Low
1.27.4
1.21.4
1.22.4
SAVE MONEY AT
INSECTS
Roaches,
Mosquitoes,
Flies,
Ants
Etc., Etc.
FOREIGN EXCHANGE
Sterling demand 487.7. Cables
488.2.
Francs check 393.2 cables 393.4.
Belgian checks 1396 cables 1397.
Lires checks 526.2 cables 526.6.
Swiss checks 1927 cables 1928.
German marks 2389 cables 2390
It’s easy to tell a dark horse. He’s
the one that hasn’t yet been white-
washed.
Won’t Bother You
If You Use
Cenol Products
Full Line Powders
and Sprays, with Sprayers
Harrel Drug Co.
The Rexall Store
Phone 20
Roman-Talbert Implement Co.
“ Good Equipment Makes a Good Farmer Better"
Farm With Farmalls PHONE 239
MERCEDES
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The Mercedes News (Mercedes, Tex.), Vol. 5, No. 58, Ed. 1 Tuesday, June 12, 1928, newspaper, June 12, 1928; Mercedes, Texas. (https://texashistory.unt.edu/ark:/67531/metapth651660/m1/3/?q=%22%22~1: accessed July 10, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Dr. Hector P. Garcia Memorial Library.