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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Aug 22, 1916
Page
7
Today’s markets show middling 9.09d and low middling 8.93d. Bales total 8,900 with 800 set aside for speculation and export. Receipts amount to 8,000 bales as futures drift. August-September 8.92 to 1 2, September-October 8.83, October-November 8.84 1 2, December-January 8.75 to 8.765, January-February 8.78, March-April 8.75, May-June 8.72.
Cotton opened strong on sensational Liverpool cables pushing May futures above 15 cents. Prices rose 12 to 16 points early, then cooled with noon gains, and finished higher on the day. Spot cotton steady at 14.50 middling.
The New York cotton market showed renewed firmness with near months leading the advance as October traded up to 14.90 and December at 14.98 amid firm cables and a tropical storm report. Prices fluctuated through the day with spot cotton steady around 14.90 mids, while late trading saw declines from the day’s highs before closing steady for the session. Cottonseed oil markets closed easier with varied spot and future prices across the board. Liverpool cotton remained strong with spot at 9.25d for good middling.
Chicago grain prices show No 2 red wheat at 1.45 to 1.51 dollars and corn around 87 cents a bushel, while New York traders push United States Steel to a record near 95 dollars in early trading. The session also notes gains in Marine Preferred Reading American Steel and related rails before a late shift and strong close.
New York stock listings show mixed moves with declines and gains across rail, steel, oil, and utilities. Notable figures include American Sugar rising to 110 1 2 and General Electric at 170 1 2, while U S Steel sits near 97 1 4 and New York Central at 196 3 8.
Hog receipts 11 006 head with prices 10.75 to 11.30 for most, mix 10.25 to 11.30, rough 10.15 to 11.10. Cattle receipts 7 000 head, market weak with beeves 7.00 to 11.10, cows and heifers 3.60 to 9.40, stockers 5.00 to 7.75, calves 9.00. Sheep receipts 20 000 head with natives 6.40 to 7.75, western 6.75 to 8.00, lambs 7.35 to 10.70.
Montgomery Alabama August 22 Plans drawn for a fifty six thousand dollar bridge across the Tallapoosa river between Montgomery and Elmore counties. Work to start after federal approval. A draw bridge is debated but not deemed necessary as river is non navigable at this point. Interest bearing warrants would pay for the bridge with Montgomery county bearing eighty five percent and Elmore fifteen percent.
Washington August 22 The national guard will be retained on the Mexican border until it can be withdrawn without endangering American lives and property Secretary Baker announced in response to letters from citizens complaining that state troops remained after the emergency had passed.
Turpentine firm quotes 43c with receipts 762 casks and shipments 262 casks. Rosin firm reports receipts 2 720 and payments 9 275 barrel. Price levels shown for grades A F G H K M N W G with multiple figures ranging from 6 00 to 6 65.
A historic port record lists ships and barges at Turner Terminal and L and N docks loading repairing and unloading operations. Vessels include Carmela Grace Harvard Frieda Henry W Cramp Joseph P Cooper Rena A Murphy and others bound for Cuba Brazil Italy and Spain with Timber Iron ore and other cargoes. Several craft undergo repairs at Ollinger Bruce Gulfport and Mount Vernon facilities.
A compiled listing shows numerous ships and vessels in, due, or sailing for ports in Americas and Europe. Entries include steamships like Dorothy and Francis Hanity with lumber, tankers bound for Cienfuegos and New Orleans, schooners to Havana or the Bahamas, and bark and derelict vessels under repair or awaiting cargo at Pensacola, Liverpool, and other ports.
Mortgagee C M Marriott proceeds to sell at public sale to satisfy debt on the 1912 mortgage by Henry L Hieronymus and Kate V Hieronymus. Property described as Monroe and Franklin streets Mobile Alabama with improvements. sale on September 14, 1916 at twelve noon before Mobile County Courthouse. Also notice of administrator for John H McAndrew estate with claims due by law and attorney details. Vehicle service notice and car work offer appended.
A jumble of early 20th century job ads lists positions and inquiries including seamen under 35 with English skills at a recruiting office, paper hangers, a live-in servant for out of town work, a young man with musical ability for a sales pitch, and scrap metal collectors. Also noted are training ads for the bar trade and barber college opportunities, with contact details for each listing.
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