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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Aug 06, 1912
Page
11
Futures for cotton fell after rain reports spread across states, with December and other months seeing further declines. By afternoon the market showed a soft undertone, trading lower than yesterday and closing barely steady amid heavy selling and weak bheads from Atlanta to Oklahoma.
The cotton market opened steady then fell sharply with Southern and top-loss selling driving declines of about 21 to 24 points. Prices ended the day weak across active months while iron spot held steady with middling at 12.75 to 13.00 per barrel.
The London market showed limited activity with American issues trading lightly. By noon it was steady, with most prices from unchanged to a small loss from New York's close, as Amalgamated Copper and Steel saw offerings and a general downturn developed into the afternoon.
Savannah traders report turpentine at 42 1 2 cents and rosin at 6 70 per barrel for firm prices in the naval stores market dated August 6.
An ad offers a trial treatment for dropsy promising relief in 15 to 45 days. It claims quick elimination of sweats and short breath and directs readers to Dr. Greens Sons at Box A in Atlanta Georgia for free trial treatment.
Money on call remains steady with a 2 percent ruling rate and 2 percent closing bid. Time loans show 60 days at 3 percent, 90 days at 2 to 4 percent, six months at 4 percent. Sterling exchange firm at 4.84 65 for 60 day bills and 4.87 15 for demand. Commercial bills 4.83 and Bar silver 60 cents. Government bonds steady, railroad bonds irregular.
Irregular tendencies appeared in early stock exchange dealings with fractional moves. Canadian Pacific and Atchison showed little change while St Paul declined amid June earnings concerns and Great Northern and steel shares faced varied pressure as the day opened.
Freddie Welsh of England and Grover Hayes of Philadelphia battled twelve fast rounds with little hard hitting and ended in a draw. The session featured brisk exchanges and steady tempo despite few decisive blows.
San Francisco hosts Japan's exposition commissioners Haruki Yamawaki and Yoshikatsu Katayama as they study the U S and select a site for Japan's pavilion at the 1915 exposition. They aim to boost commercial ties and mutual understanding while confirming a nearly one million dollar investment. Yamawaki plans a Washington conference with federal officials and a tribute to the President.
The Mallory liner Sabine and the Norwegian ships Belize and Gigne arrived with cargoes including bananas asphalt and lumber. The Munson Signe brought one thousand tons while Tudor Prince cleared for Sunderland. The Kirby Bank and Golden Rod loaded and departed, with various exports and re-exports listed from Havana Puerto Cortez and Belize.
The 3,053 ton steamship Clan Mi typre, largest to dock at Island port, arrived from Hamburg via Fia to load for South Africa with a crew of men. Naval Radio Telegraph Station at Jupiter, Alabama, reports the Florida navy station out of commission after aerial damage on July 25. repairs are planned with notices to follow.
Hon Henry Chamberlain presides Monday sessions with multiple defendants named for vagrancy and related offenses. Sentences range from fines to days in jail including hard labor. others discharged or postponed, with notices of nuisance and drunkenness charges in a mixed docket.
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