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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Aug 02, 1916
Page
7
Spot cotton closed quiet as the market posted limited activity. December contracts held around 13.62 with January near 13.65, about 9 to 10 points above last night’s close. Open highs show August at 18.40 to 23.14, December 13.58 to 18.88, January 13.03 to 18.90, and March 13.77 to 14.02. Receipts for the day totaled 823, with weekly receipts 2,736 and year-to-date 1,148.
This record shows receipts for U 8 ports over three days with exports to Great Britain. Figures include 25,390 and 24,986 and 29,162 units for the period, with a total of 494,443 in one category and 720,937 in another.
The New Orleans market opens steady with a 6 to 7 point rise tracking government condition figures and weather bureau forecasts while spot gains 12 points. The San Roman Steamship Line formed by J. G. Rainwatee Lumber directors is announced. In New York, initial gains give way to modest retreat before midday rally resumes on weather optimism and steady demand.
Liverpool August 2 reports cotton spots firm with good middling at 8.36 and middling 8.19, low middling 8.03. Sales reach 6,000 bales with 500 for speculation and export. Receipts total 15,000 bales. Futures hold steady with prices across the forward curve from August to July of the next year.
New York stocks opened irregularly with Union Pacific and United States Steel under pressure. Bethlehem Steel fell 4 1 2 points on its first sale in a week while other motors and several rail and industrial issues showed mixed moves amid broad liquidation.
Chicago market notes show hog receipts near 0,000 with prices 6 to 15 cents lower. Cattle receipts around 18,000 with native beef cattle and western steers weak to steady. Sheep and lambs uneven, prices bid 6.75 to 11.10 for wethers and ewes, moisture in demand.
Market notes show bids for cotton seed futures across several months with values around 8.20 to 9.46 and varying bid figures. Lists January February March and August September benchmarks, indicating fluctuating seed prices and contracts.
The Senate adopted Senator Underwood’s joint resolution to provide 540000 for temporary flood relief in Alabama Florida Georgia Mississippi and North Carolina. The bill moves to the House and would be administered by the War Department once President signs.
The report lists monthly price figures for September October November and December with two decimals and notes total sales amounting to 12 600 barrels.
Savannah July 2 Turpentine firm 411-4 reports receipts of 457 casks and rosin 2,126 barrels. Prices listed for grades G to WW range from 6.15 to 6.70 per barrel with various quality codes noted.
Chicago wheat and corn prices listed with bid and ask ranges for No 2 red No 3 red No 2 hard No 3 hard cereals oats rye barley hay and lard and ribs values. Prices show mixed wheat at 1 82 1 2 for No 2 red and corn No 2 yellow around 88 83 2 1 2 with oats at 41 42 and hay around 7 to 14 50 per ton.
New York August 2 authorities cite over production as the main cause for further price reductions at various crude oil and gasoline fields. Stocks in Oklahoma and surrounding areas are said to be well above immediate demand, prompting exports to new markets at reduced costs.
United Fruit Company announces steamship Bluefields will reach the harbor early Thursday morning from Tela Honduras. The banana laden vessel will unload at the M and O fruit wharf under local manager T D Nettles.
The American steamship Goldfield Eden 625 arrived at the port today shortly after noon from Progreso Mexico. She will depart for that port in a few days after loading a general cargo.
The Cuban steamship Paloma of Munson Line reached the harbor Monday afternoon from Havana Cuba and filed clearance papers in the U S customs office for Cai Barien Cuba. The vessel carried a general merchandise cargo and sailed in the morning.
The Norwegian steamship Karen of the Munson line is expected to reach port Friday to load a general cargo for Havana and other Cuban ports according to devices relayed to local company officials this morning.
A lighthouse district inspector reports Knoll Buoy No. 2 at the entrance of Mobile bay will be relighted as soon as practicable after being extinguished on Saturday July 29.
The American Steamship Henry T. Scott is poised to reach port late afternoon or tomorrow to load a lumber cargo for the Bahamas Timbers Company. The vessel has been chartered to make three lumber trips to Cuban ports and will be loaded immediately on arrival.
The British steamship Esk bridge, chartered to Hunter Benn Lumber Co, departed this morning after loading more than 64 000 cross ties in the past week. The vessel cleared for Gibraltar shortly after 7 a.m.
The Norwegian steamer Fort Gaines moves from Pier 1 to a local dry dock for immediate overhaul of its fruit boat. It arrived Tuesday from Belize with 22 000 banana bunches and chicle and will load general cargo for the return voyage. The Gaines follows the Agnelia as Mobile fruit steamers under repair this week.
Captain Congdon, master of the Mallory line steamship Alamo for the past year, is on an extended trip on the Great Lakes. Captain Davis will command the Alamo in his absence.
Captain E P Bayless master and owner of the American schooner La guna asks for bids to float the big vessel now ashore on Chan deleur Island. Bids will be opened August 10 at Mobile Ship Chandlery Company office at noon.
Reported obstructions include a dismasted brigantine Joven Antonio towed claim near lat 36 5, long 69 12. The U S liner Hector position given from July 26 transit. July 28 a large spar and wreckage sighted near lat 26 36, long 86. Bertha Dollar wreck noted at lat 39 30, long Bertha Dollar ship pennant noted by Captain U S N Hydrographer
August 2 marks the second anniversary of the world war observed across Scandinavia. A Copenhagen dispatch reports bells rung and prayers offered for world peace, echoing solemn ceremonies in major cities and towns.
Military observers say Russian forces have split the Austrians from the German armies along the Kovel to Vladimir-Volynski line, potentially demoralizing Austrian units between the Lipa and Dniester rivers. Reports from Rome and a Russian front correspondent note rapid Austrian withdrawal toward Kovel, with no confirmation yet on evacuations. In the West, British and French actions on the Somme have paused with no major line changes, while German counterattacks near Maurepas and Foureaux wood see modest gains for the attackers. The war outlook shows entente forces pressing on multiple fronts as Germany and its allies defend encroaching moves.
Jersey City officials enacted a resolution to ban freight cars carrying high explosives within city limits after the Black Tom Island disaster. Railroads received 48 hours to comply as investigators note over 50 explosive cars remained inside the city and 2,827 were shipped to terminals for export in June and July. Patrolman James Doherty died from internal injuries, raising the death toll to five.
Mobile and Montgomery discuss federal farm loan bank for the southeast. George Fearn Jr. chairs Mobile committee with Montgomery joint committee. They agree on another meeting and invite Birmingham to participate to avoid conflicts before the bank board. Birmingham invited but indicated no interest.
In Montgomery on August 1 special report states Erle Clinton and Otha Rinehart of Perry county were convicted of killing elk, with fines specified by statute. Haynes of another party was also mentioned in relation to the case and sentence details were noted.
Unofficial results from 260 precincts show the literacy test amendment to the state constitution and eight other amendments defeated by more than 15 000 votes. Congressmen all renominated with possible exception of M H Murray of the fourth district. Hastings renominated over L C McNabb in the second district.
Reports to John H. Wallace Jr. of the Alabama Game and Fish Commission show elk populations increasing in Perry County since their placement by the state department months ago. Several animals have been killed by people unaware they were protected by law.
Legal notice reports amendment to an ordinance by the Mobile Board of Commissioners. It restricts sale of milk within the city to products containing no more than 100,000 cubic centimeters per unit, with butter-milk exempt. The notice also advertises auto service specializing Ford carburetor work for eight dollars and sixty cents at Boone Street shop.
Help wanted notice for Uncle Sam promising big pay and long vacations with thousands of jobs. Mentions ARMY OF UNITED STATES and recruiting in Washington D C and 108 St Francis Street. Includes age and citizenship criteria and English ability.
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