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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Aug 23, 1916
Page
7
In New Orleans Aug 23 trading opened with losses from poor Texas cables and rain. By noon prices rebounded on fair weather forecasts for the western belt and bullish weekly crop reports. December through March futures climbed to new highs while spot Cotton steadied, middling at 16.10 cents.
This year and last year receipts for nine days show 11 292 exports to Great Britain 6 727 to Canada 22 671. Stock on this day 404 015 676 048 receipts since August 1 182 989 17 344.
Reports of rains in the southwest triggered heavy realizing in the New York cotton market. First prices fell 8 to 18 points with October at 14.61 and January at 14.70 after the call. Some Southwestern selling and liquidation were noted while cables suggested early Liverpool rally was due to a small failure.
Trading resumed with United States Steel opening at 98 1 4 to 98 3 4 on 12 000 shares, an 11 2 point surge. Rails gained with Union Pacific and others, while coppers advanced. later reactions trimmed steel gains as markets cooled.
List of vessels including Perceler schooner bound Havana to Bahamas Timber, Deveron bark supplying July 9 at Rouen, Du Pignes schooner to Mariana for repairs, Avio bark derelict at Pensacola for repairs, Banan steamship to Tela with United Fruit, Norwegian liner to Liverpool to load, Francis Hanity tank ship to Cienfuegos via New Orleans for Cuban Molasses due midweek.
Chicago grain reports firm prices across wheat corn and oats with varied bid ranges for No 2 red No 3 red and white oats while barley and hay values appear nominal. Liverpool cotton futures show steady tones with spot prices for good middling and sales of 6000 bales including 500 for speculation and export.
Naval stores report from Savannah on August 23 shows turpentine receipts of 460 casks and shipments 210 casks with stock 18 618 casks. Rosin receipts total 1 668 barrels with shipments 268 barrels and stock 67 231 barrels. Prices listed for grades B through WG rise from 5.75 to 6.45 with several grades noted.
Aug 23 report shows hogs steady with prices around 10 to 11 dollars and porkers about 16 dollars for steins with lighter grades. Cattle receipts near 20 000 head with beeves quoted between 6 90 and 11 10, market steady overall despite rough fiber and mixed lots.
Sheep receipts reach 20,000 head with prices for sheep and lambs listed. Sheep sell around 6.30 to 7.80 per unit while lambs move from 6.75 to 10.76. Cattle categories show heifers 3.60 to 9.30, stockers and feeders 5.00 to 7.65, calves 9.00 to 12.26. Market remains steady for sheep.
The cotton seed oil market closed firm with futures listed as September 9.12 9.30, August 9.12 9.20, September 9.17 9.19, October 9.18 9.19, November 8.80 8.1, December 8.78 8.80, January 8.81 8.82, February 8.86 8.92, March 8.99 9.00.
The German steamer Desterro of 2,542 tons gross carrying iron ore was captured off Hernosand in the Gulf of Bothnia. She was taken to Raumo Finland, the capture announced by Associated Press from Stockholm.
Peter Gerner, a Black man, pleaded guilty to first degree murder in Montgomery city court and received a life sentence. He killed his wife on a plantation near Mitylene in March, a rare voluntary life punishment in Alabama law.
In port entries note Munplace Ha vana Cuba Munson Pier 8 Brussel Dan steamship Havana Cuba Munson Carmela Arm bark aoe Terminal docks load Grace Harvard Russ apt Ge noa Italy Hunter Benn Lumber L. and N. docks Frieda Russ ship East African ports Hunter Bean Rember Pan Else bee repairing at Cle y Hy and Bruce Dry enry W Cramp Am schooner
A list of ships and barges at Turner Terminal docks and nearby piers in Rouen including Joseph P. Cooper Agnella Lady Shea and Elizabeth T. Doyle all slated for repairs unloading loading or conversion. Entries note foreign and American vessels trading with Cuba Mexico Brazil and Honduras with associated docks and companies such as United Fruit Company L and N and Van Heynigan Brokerage.
The report lists vessels bound for Mobile and several lumber cargoes. San Cristobal (Mex) loads at Puerto Mexico en route to rebuild on dry. Dorothy (Am) sails to eastern ports. Bahamas Timber Co ships lumber. Henna (Nov) (Munson Line) heads to Buenos Aires. Three Marys sails for Genoa with lumber. Edna V Pickles to Cuban ports for lumber. Henry Little dismantled bark Stranger (Am).
The Mobile Board of Commissioners appoints election day on September 11 1916 for choosing a city commissioner. Officials for ten wards are listed with polling places inspectors clerks and returning officers. Polls open 8 am and close 6 pm. Also an automobile service advertisement appears at end.
Miscellaneous ads list an ink pad and indelible tube in 50 and 60 cent sizes from Mobile Book Binding Co at 58 Dauphin Street with Bell phone 343. Also advertised is shoe and clothing sale described as the biggest sale, some damaged by storm, below cost at M Hoffman 411 Dauphin 81. A white felt hat cleaning service is offered for 25 cents at 264 8 Jackson St.
Wm. J. Koral, contractor, advertises house repairs with gratis estimates. Roger a gress listed. Both phones available.
Wanted: any quantity of rags bones metals scrap iron rubber bottles. Highest cash prices. Correspondence solicited. P O 478 New Orleans La. Also MEN LEARN THE BARBER TRADE Make big money. Salary tips commission can travel or run shop. Few weeks completes. Earn while learning. Write OLER BARBER COLLEGE.
Fragment from timetable shows 6 30 am and 4 15 pm entries for Bates with unclear context. No further details were readable to identify destination, route, or service.
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