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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Apr 27, 1913
Page
10
Mobile market closes steady with 225 bales sold and 400 receipts for Saturday. Exports reach 21 bales, New York shows slight changes with quiet spots and lower futures, Liverpool spots fall, New Orleans futures steady, and grades at Mobile official report noting modest declines for lower grades and steady overall market.
Sterling demand at 4.86 percent with 60 day terms noted for Mo ve New York and 4.83 in another line. Francs trade at 5.22 in 60 day commercial in New York. Sight rates show 75 cents for New York commercial and par for New Orleans.
Liverpool on April 26 reports a quiet spot market with prices easing across grades led by American middling at 7.25 for good middling 6.97 and middling 6.73. The day’s sales reached 8,000 bales, 7,000 of which were American. receipts totaled 12,000 bales, mostly American. Futures opened quiet and closed steady with several forward calendar spreads quoted from April through March-April.
New York cotton markets end the day irregular as early gains fade under selling by Wall Street houses. Reports cite expected acreage increases in Oklahoma and Texas, improving soil, and bearish Northeast Texas, Louisiana and Mississippi conditions, with prices fluctuating and May futures around 11 to 12 cents per pound.
London officials with Scotland Yard refuse to say if detectives have made progress in pursuing a beautiful woman and her aristocratic companions suspected of robbing Winston Churchill at Cannes after he won 2500 dollars. Rumor says the wallet held naval data of high value to unfriendly nations.
International News Service reports a stock market decline to over 4 points at closing. Margin account liquidations, expiring partnerships, and bank loan closures to protect reserves pressured prices. Short covering near week end caused a brief rally. tobacco and rail stocks weakened. many bonds hit year lows.
A stock list shows prices for major equities including Amagamated Copper 72 1 8 and American Sugar Refining 111 3 4. The notice invites the Protestant Orphan's Lawn Party on Thursday May 15 from 4 to 10 pm at Asylum grounds with refreshments and games.
New York April 26. International News Service reports lenders pressuring for higher yields now and railroads advised to delay bond issues. Market retrenchment expected. capital costs rise while demand shrinks. Investors who chased 7 percent or more face losses. selected bonds around 5 percent viewed as sound now.
New York April 26 money on call nominal no loans. Time loans easy at 60 and 90 days four percent six months 41 4 prime mercantile paper 6 1 2 6 percent. Sterling exchange steady bank bills 483 50 or 60 day bills 486 75 demand. Commercial bills 483 1 2 bar silver 60 3 8 Mexican dollars 48 government bonds steady railroad bonds heavy.
The London stock market showed a better tone with prices closing higher after light covering. American securities opened steady and rose slightly, Canadian Pacific led gains with about 2 3-4 points on Berlin buying, while the rest of the list advanced from 1 4 to 7 8 points.
Chicago April 26 The wheat outlook hinges on old world market shifts and American crop prospects. Bulls draw public attention despite steady prices as New York cotton buyers move into wheat, with Duluth grain arriving and some destined for Buffalo. May futures face liquidation while Argentina remains a smaller shipper. higher corn and oats prices loom with rains aiding seeded crops. Hogs stay strong and the provision market holds. Cash Bargain Day looms April 30 at Weinacker's.
Mobile Bond List remembers cash as Bargain Day arrives on Wednesday the 30th at Wespacker. The originator of Cash Bargain Day promotes the event with special deals and discounts for shoppers.
The Stavan goren from Puerto Cortez arrives with 27 000 bunches of bananas while the Harald from United Fruit docks with 14 000 banana bunches. Strathmore loads lumber. Hartney W repairs. M J Taylor sails for Vera Cruz with lumber and bags. Fort Morgan based troops depart. Comal sails from Tampa. Bertha due with pineapples. several river steamers and tugs move cargoes along the region.
The harbor shows Strathmore and Stavangeren cleared with cargo bound for South Africa and Cortes respectively. Harald and Harald及 Nord Amerika sail for Bremen and Bilboa while City of Baltimore heads to Caibarien with pine lumber.
In Chicago, May wheat longs pressed to liquidate amid incoming Duluth car loads and thin cash demand. Reports from cash houses show large Duluth wheat pending, signaling further May liquidations and short selling. The day sees price recessions in Liverpool and dull cash wheat in Chicago, with Armour Grain Co. heavy on July futures and oats selling similarly.
The Motor Supply Company at 303 Dauphin Street Mobile opened this past week under proprietor D. E. Tyler. The store invites auto users to inspect its display of accessories and supplies. Also note Weinacker's Cash Bargain Day event on Wednesday April 30.
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