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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Aug 10, 1912
Page
8
Private dispatches circulated untrue reports of a n thouse failure causing market jitters. Prices closed steady with losses of 10 to 17 points, cotton on spot 12 1 2 cents and 106 bales traded as traders weighed demand and profit taking amid rainy northern markets.
Cotton futures drifted down 1 to 6 points on demand concerns but steadied near yesterday's close as rain forecasts weighed. Prices closed barely steady with middling around 11.70 to 12.00 for various grades, with no sales noted and profit-taking seen in some markets.
Mobile and Waynesboro Mississippi had no rain in the last 24 hours. Tuscaloosa led rainfall with 1.18 inches. Waynesboro recorded 93 high and 69 low, Aberdeen 86 high 66 low. Okolona reported 0.29 inches. Temperatures ran near or below normal with scattered showers in Houston Little Rock and Wilmington districts.
Canadian Pacific and Sears Roebuck were the standouts with about a two point gain each. Southern Railway and Southern roads led the broad advance with many active issues edging higher. Grangers Hill Harriman Cealers and Norfolk and Western posted gains while Steel and Copper weakened.
Money on call nominal. Time loans steady at 60 days 3 4 percent 90 days 4 percent six months 4 percent on time mercantile paper 5 to 5 1 2 percent. Sterling exchange steady bankers' bills 60 day at 4 84 50 and demand at set. Commercial bills 4 834. Bar silver 61 2c Mexican dollars 48c government and railroad bonds steady.
New York August 10 The weekly statement shows clearing house banks hold 20,788,250 in excess of legal requirements, an increase of 389,300 from last week in the proportionate cash reserve.
In Los Angeles the bribery trial of Clarence Darrow enters a week devoted to courtroom oratory. Evidence complete, final arguments set for Monday through Friday with the jury to be reached by Friday evening.
Louis Stein longtime Stein Water Supply proprietor dies at 65 in Mobile after illness. Mary E. Hatch wife of George T. Hatch dies at 70 in Mobile after lingering illness. Harry C. Vincent former Peerless laundry foreman dies at 36 in Mobile after a prolonged illness. Surviving family members listed for each.
Discussion in Chicago centers on selecting a manager for the party headquarters. Names mentioned as leading candidates include George Priestly of Oklahoma and Granville Fortesque of Washington.
Fragmentary OCR text shows butter stock figures 6 734 tubs and 697 receipts, with firm unchanged. Mentions metal market Sapper Nes casting and unclear names, locations, and actions.
Lady Constance Richardson, also known as Lady Constance Stewart Richardson, famed sensation creator, will visit America to perform in Salome at Hammerstein’s Victoria Theater in New York. She previously startled New York society with daring dances and caused a Paris scandal by dancing barefoot at a music hall.
In New Orleans officials draft an ordinance to ban motion pictures depicting crimes or criminals and their haunts. Commercial pictures would face the censorship, with police approving what may be shown.
An advertisement offers a physician crafted prescription for nervous debility and weakened manhood free of charge. It claims the remedy cures memory, back pain, and vigor issues at home without extra medicine and urges any man to request a sealed envelope copy by mail.
Thunder showers are forecast for Mobile and nearby areas tonight or Sunday. Light to moderate south and southwest winds. River forecasts indicate the Tombigbee river and its branches will rise over the next two days while the Alabama river remains on a rising trend over the next 36 to 48 hours.
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