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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Aug 28, 1912
Page
11
In New York on August 28 Lieutenant Becker shouted at James D Hallen a convicted lawyer who claimed to overhear a prison talk between Becker and Policeman White. Becker called Hallen a hat and alleged spies among prison clergymen while Hallen declined to respond.
Cotton futures opened steady then fell 4 to 7 points amid favorable weather and heavy Texas spot offers. By noon trading was 5 to 7 points under prior close, afternoon steadied with later months 2 to 3 points over yesterday. Spot cotton eased overall with 40 bales sold. no delivery arrivals reported.
The New York stock market opens with heavy dealings in Steel and Reading edging up marginally while most active issues rise slightly above yesterday. Amalgamated weakens amid broad selling pressure, with late trading showing further declines and a heavy close across the board.
The Mobile cotton district reports 24 hours without rain cooling modestly. Waynesboro Mississippi notes partly cloudy skies while other points are clear. District average highs 89 and lows 68 with scattered showers in Savannah area and limited rain elsewhere. western belt remains unusually hot.
New York August 28 The cotton market opened steady then slipped with Liverpool cables and a Texas Oklahoma crop report weighing on prices. By midmorning prices drifted 4 to 5 points higher before turning down 12 to 18 points amid heavy selling. Late trading steadied near previous close as spinners cover and shorts bought. Spot cotton quiet with no sales.
New York August 28 money on call remained steady at 2 3 percent with the ruling rate at 2 percent and closing bid 2 1 2 percent. Time loans showed strength with 60 days at 3 percent, 90 days near 4 percent, six months around 4 1 4 percent. Sterling exchange weakens on actual business with bankers bills at 4.84 25 for 60 day bills and 4.87 35 for demand. commercial bills quoted at 4.8344. Bar silver at 61 2 percent, Mexican dollars at 48 4 4 6 c. Government bonds irregular, railroad bonds steady.
Mongolians seize Kobdo in western Mongolia as Chinese troops seek safe passage to China. In Kansas, the Republican council defeats a motion to force Roosevelt electors onto an independent ticket by an 80 to 42 vote.
Trading data from Chicago shows corn steady to firm on cash support and September, oats and rye firmed modestly, and wheat prices mixed with deferred contracts. Cattle and hogs start strong with open interest and steady demand while butter eggs and butter prices hold near steady. receipts around 18 000 cattle and 30 carloads of others.
The piece describes U S forces being deployed to Nicaragua as unrest spreads through Central America. Senator Bacon accuses government interference in the loan negotiations and blames American involvement for political leverage. Zelaya is cited as a possible organizer behind the revolution, though liberals deny this.
The American Bar Association adopts a resolution requiring that applicants disclose race in membership forms. Attorney General George W. Wickersham argues the measure recognizes minority status as members, while Willan H. Lewis and two other black members who have been removed by the executive committee are noted.
The Norwegian steamship Origen arrives from Puerto Cortez with 10 000 bunches of bananas bound for United Fruit Company. Excursions to Woods Pavillion continue through September under Manager J Woodie Wood. The Nubian from Tampa lands 4067 tons for Mobile Liners headed to Plymouth England. Weather and river notes accompany the port report.
Officials from state and national grain dealers associations closed a conference in Chicago on August 27 proposing coordinated grain inspection reforms to handle the bumper crop. Attendees from the Middle West and Oklahoma planned cooperation with railroads to streamline shipments. In Washington on August 27 the government announced ten new money washing machines would be bought to process currency nationwide.
In the courts Wednesday session Judge Henry Chamberlain presided. Vagrancy cases against Gaming Willie Jones alias writ, and Sunday Gaming Ed M Hardwick alias writ with bond forfeitures. No License C A Stewart discharged. Abusive Language Florence Bell one cent and costs. Vagrancy Lillian Gates 51 or thirty days in jail. Public Drunkenness Had Frederickson 6 or ten days. Assault and Battery Martha Chapman 25 or twenty days.
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