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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Aug 08, 1916
Page
7
New Orleans cotton prices rose after an initial drop as rain reports from Texas and a weaker Liverpool influenced trading. Early declines gave way to a late surge with months gaining 27 to 30 points, closing 20 to 21 points above previous close as bulls pushed values to near three year highs.
In New York on August 8 the cotton market opened steady then eased with declines of 7 to 13 points as reports of favorable southwest rains improved crop outlook. December and January futures fell to 13.30 13.39 before bulls returned lifting December to 14.61 and January to 14.69, about 30 points above the early low. Rumors of bullish crop advices from north Texas supported the rebound as volumes absorbed early offers.
Liverpool reports strong spot cotton with good middling at 8.60 and 8.85 for high grade. Sales reach 5,000 with 500 for speculation and export. Receipts total 12,000 as futures hold steady across the board with several a year span pricing.
Prices show only variable gains in select fields at the opening. Consolidated Gas trades on a limited scale amid weak public interest. Mexican Petroleum and International Preferred rise modestly, with per share fractions advancing.
Lower cable quotes depressed wheat in Chicago as government crop damage doubts grew, despite rains in Argentina and early export demand. Prices firmed late on shorts covering, with September near 1.33 and December around 1.36. Cottonseed oil futures closed mixed with nearby values around 9.0 to 9.3 dollars.
In Savannah on August 8 the market shows scattered quotes with prices around 5.75 to 6.70 for various items. Receipts totaling 547 appear in the day’s report amid ambiguous shorthand and irregular formatting.
Chicago prices show hogs strong near steady to 10 cents above yesterday with varied classes. Cattle and calves mixed with cows and heifers around five thousand head volume, sows and feeders noted. sheep and goats less clear in the snapshot.
Maritime list shows multiple vessels loading at Turner Terminal and other docks including prospected cargoes for Bahamas Timber Company, Cuba, Argentina and Genoa. Ships include Progreso, Grace Edward, Frieda, Henry Crosby, Fannie Prescott, Rena A Murphy, Dorothy, and others with loading, repairs, or due dates in August. Also mentions National City Bank Mobile closure and probate notice for estate of John Craft McAndrew with claim deadline.
A San Cristobal, Mexico bound steamship named Thyra Menier from Britain tore near the city, causing damage to the vessel as it approached Puerto Mexico, with crews assessing salvage options and safety concerns.
Legal notice announces carburetor work on Ford for 3.50 by Auto Co and administrator notice in the estate of John H. McAndrew deceased. Estate administration committed to the administrator Williams, judge of probate in Mobile County Alabama, with July ninth or August ninth not clearly legible.
The Mobile city commission passes amendments to Section 206 and Section 296 of the 1907 Berney Code. Poles must be iron or durable timber and marked visibly. painting and marking rules apply to all poles except creosoted ones under commissioner designation.
For sale china chest hat rack lounge beds stoves in good condition inspection at 62 South Conception street 9 am to noon. For sale nice driving mare with well bred colt surrey and harness. Adams Machinery & Mfg. Co. for immediate sale horse surrey Babcock buggy two sets of harness good saddle and bridle all for 100 dollars.
Help wanted notices for Army recruitment and various local jobs. Listings seek able bodied men under 85, citizens with English literacy and good character, plus positions in printing, machinery, and hospitality. Apply at Mobile locations and aboard specific posts. some ads promise training and wage incentives.
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