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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Aug 17, 1912
Page
8
Futures in New York and Mobile opened steady with slight declines, then choppy sessions saw mixed demand from bear pressure and short covering. Weather concerns in Texas and reports of heavy Southern selling influenced prices with August to March contracts fluctuating before closing near steady.
The market opened steady with a weak London logo noted as a feature. Offsets came from 1 point gains in Louisville and Nashville and General Electric, with copper and steel showing strength among active issues. Canadian Pacific lagged as rails weakened while Lehigh Valley and Reading fell. Industrials declined with the broad movement.
American securities opened steady with gains. Panamanian Pacific weakened 2 percent on freight rate concerns. The rest of the net rose in sympathy with United States Steel. By close, the market held steady with most prices unchanged to slightly higher.
Chicago market reports moderate gains in wheat as September opens around 94% to 95 cents and December shows initial uptick before easing to close near prior levels. Corn trends lower on heavy selling with prices slipping from early highs to near yesterday’s close.
In Savannah on August 17, turpentine shows a firm at 40 cents with rosin trading around 6.57 to 6.65 dollars per barrel. Market observers note steady demand and small bid spreads as dealers quote prices for nearby contracts.
The 24 hour period ending this morning left Mobile area dry with showers only in eight districts. Evergreen Alabama and Waynesboro Mississippi reported clear skies except for two points. Waynesboro posted a high of 96 and a low of 72 as temperatures ran above normal elsewhere.
The Country Club of Mobile Alabama filed incorporation papers Friday afternoon in probate court. Founders include Robert Hunter as president Walter Horn as vice president and others serving as officers and members. The club group plans to unite social literary gulf tennis automobile driving boating and showing clubs under one umbrella.
A summary of cases presided by Henry Chamberlain on a Saturday session. Vagrancy charges against Jeff McMillan, Joe Williams, Bud Boylston, and Webster with penalties from $1 to $500 and various hard labor terms. Grand Larceny defendants Charles Gibbs and Joe Rembert bond set at $400. Additional cases include Assault and Battery, Abusive conduct, and Trespass After Warning with ranges from ten days to thirty days. Also mentions a mail liner link from San Francisco dated Aug 17.
A crowded P J Lyons campaign meeting at 60 St Michael Street drew at least 150 unable to enter. Supporters hailed Lyons as the capable, businesslike incumbent and predicted a large majority on September 2. State Senator T M Stevens and others spoke as organizers praised steady campaign work.
Lawrence Stallsworth a negro prisoner serving time in the county convict camp received six months extra at hard labor in the inferior criminal court by Judge Henry Chamberlain after being found to have struck Napoleon Davis with an axe without cause. Other cases saw two men bound over to the city court on stealing ninety ash logs from a boom in Marengo county and brought to Mobile for disposal. Mary Hubbard was sentenced to sixty days for troublesome conduct, and George Sims testified to a threat with a revolver. Ads follow for Foley Kidney Pills and Van Antwerp Drug Corporation.
The Norwegian steamers Mercator Narald and Fort Morgan left port at 10 o clock, all three departing within half an hour. Tyrm Anderson master sailed to the lower bay quarantine last night from Fort de France and Port of Spain Haiti with asphalt for Munson Steamship Company.
Forecasts till 7 p m Sunday for Mobile and vicinity call for generally fair weather tonight and Sunday with light variable winds. Shippers should expect 92 degree heat for 36 hour shipments north and east, with 56 degrees elsewhere. The Tombigbee and Black Warrior rivers show modest changes. Alabama river levels fall. Albert Aschenberger notes high barometer and warm temperatures east of the Mississippi with scattered southern showers. cool, showery conditions in the northwest.
Lost black leather pocketbook containing ten dollars in cash in western Monroe Park between 3 and oclock. Reward offered to return to 207 Chartes Streets.
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