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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Apr 21, 1913
Page
8
New Orleans cotton futures opened steady to modestly higher as new crop strength outweighed old crop weakness. Weather maps remained favorable with light rainfall mostly in the west. spot cotton held at 12.75 cents with 427 bales sold and 450 bales to arrive.
The market opened dull as settlement preparations restrained new dealings. Continental and American securities opened steady, but most lists slipped below parity by midmorning before Canadian Pacific rally lifted prices and the market closed steady.
Cotton prices hovered near initial levels as heavy Sunday selling appeared partly absorbed. Bulls supported by Liverpool and old shorts while favorable south weather and bearish crop signals prompted late-day recovery, with spot prices steady near 12.15 middling upland.
Cotton market in Liverpool shows fair demand with prices easing. Middling fair 7.33 pence, good middling 6.99, lows 5.95, total sales 8,000 bales including 800 for speculation and export and 7,200 American. Receipts 400 bales all American. Futures open quiet close steady with near months around 6.11 to 6.55.
Washington April 21 Three Panama canal measures were introduced today by Representative Hoare of Pennsylvania. One resolution would direct the secretary of state to confer with Great Britain and other nations as to their willingness to share the expense of constructing and maintaining the canal if it were opened to all on equal terms. Two other bills propose a Panama canal trade commission to repeal the provision of the Panama canal act admitting free of duty foreign materials used in the construction or equipment of ships.
Rev. I. J. Lauzon assistant parish priest of St. Marys church received a telegram from Minnesota announcing his mother was dying. He obtained leave from Bishop Allen and left on the Mobile and Ohio train to be with his mother in her last hour.
The market shows a tentative bid with dividends and prices little changed amid government intervention talk on railroad rates. Southern Pacific leads slight gains while Beet Sugar drops. many rails and industrials open flat or higher as traders cover shorts and wait for clear direction.
Naval Stores in Savannah Georgia on April 21 reports sales and receipts for turpentine and rosin firms. Prices listed for grades B through I K M and notes such as 56.80 for N WG WW and other letter grades with varying cents per gallon or ton.
The Cotton Region bulletin reports 24 hour data ending 8 a m meridian time on April 21 1913. It lists station by station highs and lows with conditions mostly clear and notes corrections to April 18th and April 19th reports. Low night temperatures observed across districts and rainfall minimal with only three stations recording rain. Albert Ashenberger signs off as local forecaster.
Rt. Rev. E. P. Allen presided at St Marys Church as a Lourdes statue shrine gifted by Mrs. J. J. Feore and family was dedicated. The service featured Rosary Litany and benediction, with Father Eaton and Fathers Lauzen and Kearney assisting, and a 14-voice choir with solos by Mrs. Radebaugh Washieck Lawler and Miss Ballweg.
Mobile manufacturers jobbers and wholesalers invited to a luncheon at the Cawthon Vineyard Tuesday at 12 30 p m by the Mobile Chamber of Commerce and Business League. President Armbrecht will lead a discussion on securing business from the proposed United Fruit steamship service Mobile to Colon. All salers were invited, attendance is at each person’s own expense.
Vice President and General Manager R W Rood of the Mobile and Ohio Railroad leaves on a special train for Murphysboro Illinois with Dr Harry H Ingo to be at the bedside of Superintendent E W Moore of the St Louis division who is critically ill. Taylor announces passenger and freight schedules resume Monday and all freight will be accepted except connections at Cairo Illinois.
Women from across the country gather in Chicago for the National Federation of Musical Clubs biennial meeting starting tomorrow. National board members include Mrs Julius E Kinney of Denver president Mrs Theo Thomas of Chicago honorary president Mrs W J Gilfillan of Memphis and Mrs John Fletcher of Little Rock among others.
The Norw steamship Living stone delivered 19 000 banana bunches to Mobile and Ohio Pier 1. Fjell Fram arrived with 13 700 banana bunches for Hubbard Zemurray at L N wharf. Karen from Havana brought 22 450 pineapple crates for James Gibboney. Alice Lord sails for Gulfport after repairs. Mercator unloaded 23 000 bananas for Hubbard Zemurray at Louisville and Nashville wharf. Marge arrived from Buenos Ayres in ballast and went to Spanish River. Ruthwell from Montevideo discharged ballast at Spanish River then to Southern Fuel dock. Charlevoix, consigned to A M Bright & Co., arrived from Nipe Bay in ballast and anchored near Government street. Dredge Bernard and snagboat Demopolis work at Government street to deepen river. Various hydrographic notes and vessel sightings referenced with positions and dates.
The Tombigbee river and its branches are expected to fall over the next two days while the Alabama river will hold steady with little change.
Moderate temperatures persist across the north east and west with minor daily gains. The pace of learning is steady yet some small improvements may be forgotten, making progress feel gradual and subtle.
Mixed commodity markets show wobbling soya and hogs alongside firmer butter and steady eggs. May futures open near unchanged to higher for corn oats and pork while lard gains modestly. Chicago butter and eggs hold steady amid steady receipts and varied poultry quotes. St Louis cash grain prints No 2 red wheat around 1.10 to 1.11 and corn No 2 at about 58 1/2 to 60 1/2 cents.
Mobilians will witness the Play-o-graph in operation Tuesday afternoon at the Dreamland Theatre. The display accompanies Mobile’s out of town baseball trips with permission from the Madison Square Garden Company. The device supposedly shows plays on the diamond as if seen from a distant field.
A broad-shouldered, slim-waisted woman accidentally drops her purse while riding a street car and scans the surroundings with anxious concern for its recovery.
A fragmented health ad lists conditions including blood poison rheumatism dyspepsia nervousness night losses liver diseases stricture private diseases discharges bladder troubles and promotes Starrh Special and Nervous Diseases of Women and Womb for treatment and relief.
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