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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Aug 28, 1916
Page
7
Today’s market showed morning strength then nervous trading with rallies of 9 to 10 points on covering. Southern selling and increased Texas offerings prompted realizations while Liverpool acted as a seller. December futures broke to about 15.58. Cotton closed steady with spot gains in Liverpool futures feverish and unsettled.
Nervous trading appears in New Orleans cotton with October slipping early then rising on long buying to 17 points over Saturday, all months posting gains at first, March reaching 16 cents. Profits and heavy liquidations pull prices down later, with futures closing steady but down 21 to 27 points from the prior close and spot steady at Middling 15.38.
The New York cotton market opened firm with a 10 to 16 point advance amid strong English markets and Egyptian demand. Liverpool later weakened, sending prices down about 86 points from the high, with December slipping from 16.08 to 15.80 and then to 15.71 as nervous trading continued.
Turpentine quoted 4.21 14 cents per gallon with receipts at 308. Rosin firm with receipts 1477. Prices shown include D 6.00 E 6.10 F 6.15 Go 6.20 H 6.25 K 6.35 M 6.40 N 6.45 WG 6.50 ww 6.60.
The opening stock market shows a irregular to lower trend with rail and motor prices down though gains in shipping stocks offset losses. Marines push to new highs while Crucible Steel and Mexican Petroleum post strong notes. Trading remains light with United States Steel largely inactive and investment issues improving later in the day.
Livestock totals show hogs receipts 36 000 head with a steady market and cattle receipts 12 000 head in a strong market. Hogs range 7 40 to 11 50, cattle 3 35 to 10 95 for beef and stockers 4 80 to 7 70, calves up to 11 75. Weather and lambs spotted in the brief note.
In Montgomery Alabama Perry Turner and Lawrence Brown denied any agreement with Frank M. De Graffenreid over Girard liquor cases. They said no pact prevented further action and that judgment would wait for the appellate record. Turner stated the cited letter merely said the record should be prepared and submitted to the Supreme Court in October.
Mr Turner stated no agreement prevented immediate judgment entries and affirmed the state has not violated any agreement with De Graffenreidh The narrator Mr Brown argued appeal bonds are essential to preserve the right of appeal and those whose liquor was destroyed cannot blame the state for late bonds or fault in filing after much liquor had been consumed
Governor Henderson was served with the petition in mandamus proceedings in Montgomery Alabama to compel approval of expense accounts in the Russell County Sheriff Daniels impeachment case. Deputy Sheriff Mack Brussell delivered the copy at 7 PM. The governor was cited to appear September 6 in circuit court and show why the writ should not be granted.
Frank Kirby, a state convict who escaped from the Henderson Lumber Company camp in Tuscaloosa County, walked into the Wetumpka state penitentiary warden's office and offered to surrender and resume service for the state. He gave no reason for his previous departure.
Chicago grain prices show No 2 red wheat at 1.44 3 4 to 1.50 3 4 and No 2 yellow corn at 86 to 87 with other grades listed. Provisions list Perk 27.85, lard 13.92, ribs 14.00 to 14.37. Cotton seed oil market closes irregular with multiple forward prices and 63,060 sales.
Dr. Ferdinand King of New York argues that green flies and blue bottle flies feeding on carrion spread infantile paralysis germs. He cites 1864 experiments showing these flies disseminate the malady, notes humid summers boost their prevalence, and says common house flies may bite infected individuals while not spreading germs otherwise.
The American steamer Lampasas arrived Sunday morning from New York via Key West and Tampa with passengers and general cargo. She is scheduled to sail Tuesday on the return trip.
The coastwise steamer Tarpon of the Pensacola St Andrews and Gulf line arrived Monday morning on schedule from Pensacola and other points carrying passengers and general cargo. The Tarpon is expected to depart Monday evening.
The Norwegian steamer Fort Gaines, belonging to the Orr Laubenheimer Company, is expected to arrive Monday evening carrying about 16 000 bunches of bananas from Belize British Honduras and Livingston Guatemala.
The Norwegian steamer Vika for the Fruit Dispatch Company arrived Sunday with 16000 bunches of bananas from Bocas del Toro Panama. She docked at the Mobile and Ohio fruit wharf and discharged cargo and is expected to sail at 10 oclock Tuesday morning.
After weeks in port for repairs the United Fruit Company steamer Agnella sailed Sunday for the tropics to load a banana cargo for shipment.
The Danish steamer Wild Colding of the Munson line obtained clearance papers at the customhouse Monday morning and will sail from here to Santiago, Cuba.
The weather bureau warns shippers to protect merchandise during the next 24 to 36 hours as temperatures in the north east and west reach 92 degrees. River forecasts show the Tombigbee river and its branches remaining steady for 36 hours and the Alabama River similarly unchanged.
An official inquiry into yesterday's Kalamazoo automobile derby crash failed to determine fault. Eleven racing cars collided. two drivers died and eight others were injured. Investigators suspected the Sunbeam driven by Jack Peacock but could not confirm if his car struck another or was struck first.
The tenth annual conference on taxation opened in Indianapolis Ind with a large attendance. Governor Ralston was to deliver the welcome address and Allen Ripley Foote would respond. The group aims to push uniform tax laws and the conference remains in session through Thursday evening.
Washington dispatch notes many general staff officers expect Bulgaria to bear the brunt of Romania's attacks on Austria-Hungary. Austrian defenses along Romanian lines are believed prepared, with Field Marshal Von Mackensen aiding. The Bulgarian general staff reportedly moves against the Greek frontier to enclose Allied forces at Saloniki.
Army officers say Bucharest sits on an open plain and would need a large field army to defend it. Allied embassy officials hailed Roumania’s entry with predictions of major developments in the Balkans within six weeks impacting Bulgaria and its Teutonic alliance.
The first Italian contingent landed at Chimara Albania on the strait of Otranto. Greeks fear loss of eastern Macedonia and northern Epirus to Italy while civil officers were briefly relieved and telegraph wires cut before repair. Former Serbian premier M Pachitich visited Chalkis to pay respects to King Peter.
After defeating Oergryte, the all American Association football team faced a mob in Gothenburg. Stones were thrown at players and their cars as they headed to their hotel. No injuries reported.
In port activity lists vessels including lamps and steamers from Lampasas Am to Munson Line at Pier 8. Carmela Amaux at Turner Terminal docks loading. Grace Harvard Russ to Genoa Italy. Frieda Russ bound for East African ports. Else Nov repair at Ollinger Bruce Docks. Joseph P. Cooper Am schooner Caibarien Cuba via Havana. Lady Shea Am schooner load Me Woos Nor and other craft at Pelizabeth T. Doyle Am. Senocenes repairing at Turner Terminal. Bluefields Am schooner Campe- port.
Netl H Mallister died in New Orleans Kansas August 27 1916 in the forty seventh year of life Funeral details will be announced later
Executor George E. Stone announces claims against Irene Hudson estate must be presented per law. Also a mortgage sale by Mamie E. Demeranville on John J. Farris property in Mobile City, with sale to occur September 18, 1916, at Mobile County Court House. Includes description of Lot 15 in Square 11 on St Medar street. Also auto notice offering Ford carburetor work for 3.50 at Auto Fixery Co. with Bell phone 326.
Six room cottage with modern conveniences one block from Leinkauf School. Lot 0x149 1-2 and price reasonable. Ring Bell 2960. 8:28.31.
The largest sale on shoes clothing and dry goods proceeds below cost though some items damaged by a storm. M Hoffman at 411 Dauphin Street advertises as The King of Cut Rate.
Help wanted notice from the Army of the United States seeks able bodied men under 36 who are U.S. citizens of good character and temperate habits and who can speak read or write English. Information at Recruiting 108 St. Francis Street.
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