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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Aug 14, 1916
Page
7
Cargo receipts and exports data show varied U S port activity while cotton futures drift on hedging and weather signals. Prices edged lower in morning trade, then steadied around midday with December near 14.45 and January near 14.51, spot sales quiet at 14.15 middling.
New Orleans reports a tropical disturbance warning and stronger cable news driving early cotton buying, with futures up 2 to 23 points before turning mixed. By noon gains ranged 9 to 14 points, spot cotton steady, and afternoon trading softened on railroad labor outlook. Dec to May futures quoted from 14.14 to 14.78 cents, with prices at 14.54 for May.
The cotton market shows renewed strength as bullish crop advices lift prices from Saturday lows. Early gains of 15 to 18 points push December from 14.48 to around 14.43 before surging to 14.51 by the end of the first hour amid strong buying and absorbed offerings.
Liverpool reports strong spot values with good middling at 8.73 and low middling 8.57. Sales reach 6,000 bales with 1,000 for speculation and export, receipts 15,000. Futures listed steady across the curve from August 8.69 to July-August 8.45.
Savannah reports turbentine firm totals of 42, 42 1 2s with receipts 362 and shipments 55 stock 16 047 while rosin firm shows receipts 1 707 shipments 261 stock 65 248 Quote prices list B through N and WG WW with values from 5.45 to 6.75.
Hog receipts 45 000 steady with bids 9.80 to 16.50 for various weights. Cattle receipts 18 000 steady with Beeves 7.00 to 10.00, cows 3.60 to 9.35, stockers 6.00 to 7.85, calves 9.00 to 12.65. Sheep receipts 25 000 weak with natives 6.50 to 7.80, westerns 6.75 to 7.80, ewes 7.40 to 8.50, lambs 7.25 to 11.10.
Wheat prices mix by grade with No 2 Red at 1.43 to 1.44 and No 3 Red around 1.38 to 1.42. Corn values for No 2 yellow near 85.5 to 87.5 cents, No 4 yellow 83 to 84.5, No 4 white 84.5. Oats at No 3 white 42.25 to 48.5, standard 43 to 44. Rye No 2 new 1.14 to 1.16. Barley 70 to 98. Timothy and clover quoted. Pork 27.00, lard 13.37, ribs 13.85 to 14.45.
On August 14 the market showed no strong fear of the railway labor issue. Major transport stocks such as Reading and Union Pacific fell only slightly, with little change across the broader group. Shipping shares extended declines seen last week.
In Plateau last Thursday a pistol battle between deputy sheriffs and a crowd of negroes stalled in inferior-criminal court as nine defendants saw their trials postponed to August 17 due to the state not being ready. The docket includes assault and battery suspects Richard Daly and Curtis Franklin, escape-related charges against Frank Stokes Will Jones and Peter White, and vagrancy defendants such as Amis Jones and Jesse Johnson with fines or ten-day terms.
Trading ended with United States Steel mixed as American Zinc fell while Bethlehem Steel surged 14 points plus 9 for the preferred. Key names included General Electric 170 and United Fruit 160 with many industrials showing varying demand in sugar leather and other specialties.
The cotton seed market in New York closed easier on August 14 with spot at 9 3008. 68 and future contracts drifting lower across the board from August to March. Total sales reached 12,500 units.
The War Department released three more letters praising border troop camps. One from Dr. Eugene E. Crockett American Red Cross official another from a Georgia father of a Fifth Georgia regiment member and the third from an Iowa Infantry private. The Georgian notes troops in high spirits and that his son gained fourteen pounds during camp.
The Norwegian steamship Fort Gaines of the Orr Laubenheimer Line is due in Mobile early Tuesday from Belize with about 20 000 banana bunches. It will unload at the M and O fruit wharf. The United Fruit liner Bluefields is expected Wednesday with a large tropical banana cargo slated for the same wharf. The Fruit Dispatch Company will handle its cargo.
The American steamship Currier is due this afternoon from Cienfuegos Cuba carrying about 1.5 million gallons of molasses for the Cuban Molasses Company. It will likely discharge at Pier 6.
Shipping notes list multiple vessels at various ports including Goldfield Mexico Progreso loading, Grace Harvard Ge noa Italy loading, Frieda East African ports under Hunter-Bean Lumber, and Henry Crosby Port Spain loading. Repairs noted at Ollinger Bruce Dry Docks and Turner Terminal docks with several steamships and schooners moving to L. and N. docks and Pier 3 and Pier 8 facilities.
Maritime notices show several vessels with origins and destinations. Deveron and Mount Vernon from Norway bound for Tela Honduras with United Fruit due this week. Bluefields and Fort Gaines lines from Norway expected by Wednesday and Tuesday respectively. Carrier from Cuba bound for Cuban Molasses Company and Elmagarth from Britain to Civita Vecchia Italy also listed with cargoes due in the week.
The Mallory liner Lampasas arrived Sunday morning from New York via Tampa and Key West. She is due to sail back at daylight Tuesday morning. A large crew loads general freight at Pier 3, and the ship carries many passengers.
The foreign barge Lamberga recently bought by Captain R A Pierce and associates will be converted into a schooner. It was moved from the Turner Terminal docks to Ollinger and Bruce's west wharf at the foot of Eslava Street to await a berth on the ways. The Lamberga was towed to port from Havana Cuba several weeks ago.
The big Russian ship Grace Har ward was moved from the upper stream to the L and N docks around 11 30 this morning. It is understood the vessel will receive repairs while awaiting a berth on the dry dock.
Captain W A Bisso of New Orleans spent Sunday in Mobile on business. Bisso is a well known towboat owner and operator with a large fleet in Southern waters.
The Norwegian steamship Angella, under repair at L. & N. docks for three weeks, was moved to Ollinger & Bruce dry docks early Sunday. Hauled out on the ways, repairs will be completed and she will head to tropical waters immediately after discharge.
The Tarpon from the Gulf Steam Ship Company arrived from Florida ports shortly after daylight carrying passengers and a cargo of meat. She began loading a cargo for her return trip and was to sail at eight this morning.
A list of vessels including San Cristobal bound for Mobile to rebuild on dry dock in Thyra Menier and Dorothy loading lumber for Bahamas Timber Company with arrivals due August 17. Henna due August 26 for Buenos Aires. Three Marys sailing to Genoa, Springfield to J M Scott and Brothers for lumber, Edna V Pickles and Henry 8 Little carrying lumber or dismantled bark for Havana and Cuban ports. Perceler also listed for Havana duties.
Funeral services for Schmitt are scheduled with a 3:30 p.m. departure from the residence at 405 J Emanuel Street and a 4:00 p.m. service at St. Vincent's Church. Interment will follow in the Catholic cemetery.
Able bodied 1 men under 35 who are citizens of the States, of good character and sound habits, who can speak read and write English, should apply to the Recruiting Officer at 108 St Francis Street See are for the army formation.
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