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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Dec 05, 1916
Page
7
The New Orleans cotton market opens with heavy selling and lower cables, prices slipping 18 to 33 points before late buying nudges some months higher. By midmorning spots were 25 points off with 250 bales traded on the spot and 800 bales to arrive, as declines continued into early afternoon.
The cotton market fell early on weakness in Liverpool and liquidation, with January at 19.74 and May at 20.28 on the call. Prices tumbled 40 to 45 points but steadied later as rumors of ginning and steadier spot markets emerged.
Hogs receipts 14 500 head market higher lights 9 45 10 00 pigs 7 00 9 00 good heavy 10 16 10 25 bulk 9 50 10 10 cattle receipts 7 000 head market steady native beef steers 7 50 11 75 yearling steers and heifers 8 50 11 50 cows and heifers 5 50 7 50 calves 6 00 sheep receipts 3 600 head market steady lambs 7 50 12 65 ewes 3 75 7 60 yearlings 8 00 9 00
Irregular opening on the New York market follows yesterday's money flurry. Some gains in speculative issues like Chandler Motors and Ohio Gas counterbalance declines in others while Reading shows firmness. Strong U S Steel and rails hover near narrow limits as President's mid session message brings slight lift.
In Liverpool spot cotton shows weak demand with Good Middling at 11.81 and Low Middling at 11.55. Sales reach 6 000 bales with 500 for speculation and export. receipts total 15 000 bales. Futures hold steady across the curve with December to September contracts ranging from 11.61 to 11.95.
Chicago market report lists wheat with No 2 red at 1.72 3 4 and No 3 red at 1.60, corn for No 2 yellow at 99 1 2 to 91 3 4, oats at 31 1 2 to 53 1 2, rye nominal, barley 85 to 1.23, hay timothy 3.50 to 5.50, clover 12.00 to 17.00, and provisions pork 28.50 lard 16.80 ribs 14.62.
White Lankford R Mc Manus and Rosa Mhatley received marriage licenses from the probate court on Tuesday.
The American tank steamer Regina with the barge Marti towed arrived Fort Morgan early Tuesday from Ignfloes Cuba. They bring cargoes of blackstrap molasses to the Cuban Joint Stock Company and will dock at Pier 6. Munplace and Munsila also reached Fort Morgan for general merchandise for the Munson Line and plan to sail later this week for Havana Gibara Neuvi tas and other northern Cuban ports.
The schooner Ralph M. Haywood arrived at the harbor Tuesday sailing from Liverpool. The vessel carries a cargo consigned to Page & Jones, reflecting active transatlantic trade and import activity.
The steamer Yarborough departed the harbor Tuesday carrying a heavy general cargo bound for the United Kingdom as she left port.
The tug Marion of the Lapwing Towing and Wrecking Company was inspected by local government inspectors and found in good condition.
The American steamer Alamo of the Mallory Line departed Tuesday morning with freight and passengers, bound for New York via Key West and Tampa.
The Norwegian steamer Fort Gaines of the Or Laubenheimer Company discharged 20 000 bunches of bananas along with chicle cocoa nuts and other commodities at the tropical fruit wharf Tuesday morning after arriving Monday afternoon from Belize British Honduras.
M. B. Cates, a garage operator, was fined 10 for speeding on Government street from Broad to Ann at 28 mph. He denied the charge and appealed to the city court, released on 100 bond. E. D. Bondurant paid a 2 fine. A similar charge against Milton Stock was dismissed.
Alabama's cavalry regiment will travel to San Antonio Texas by the Mobile and Ohio Railroad this weekend to obtain equipment and mounts for the complete training. Major George C. Scherer announced plans and the railroad pledged car delivery later in the week. The unit will move via Tuscaloosa and Shreveport and is expected to serve in Texas and Arizona for months.
Funeral services for C. M. Wimberley were held Monday with a home service at 3 pm and a church service at 3:30 pm conducted by Rev. S and P Speigel of the First Christian church. Interment followed at Pine Crest cemetery. pallbearers named: L. Calloway, M. Cane, R. W. Byrnes, John Hakanson, J. T. Pope, E. D. Sigler.
Leslie Thomas age ten of Springhill died Monday night at a local infirmary after several weeks illness. He is survived by relatives in Crichton.
A persuasive call urges subscribers to renew or join The Item periodical to win Christmas gifts including a Ford car piano Victrola gold watch ring and ten gold pieces. It promises winners all receive prizes and motivates daily effort before December 22 with vote coupons and urging workers to act now.
Mex city under de facto government troops search houses for looted goods. Villa administration seen as reign of terror with Municipal President Holguin and eight other citizens executed. About 40 Chinese and other foreigners slain or wounded.
The Southern Gulf Coast Country Tourist and Development League filed incorporation papers in the probate court to promote and develop the gulf coast region across Florida Alabama and Mississippi. Charter members include H E Wesson H W Taylor J H Wesson J H Camp and many others spanning Pensacola Mobile Biloxi and Gulfport. Nate Lewis has taken Johnny Conlon under his managerial wing to guide the former bantamweight champion back toward boxing prominence.
The cotton oil market closed easier in New York with spot at 12.70, December 12.76, January 12.67, February 12.62, March 12.62, April 12.65, May 12.67, June 12.71, July 12.73, and total sales reaching 31,100.
Mobile officials consider a request from Federated Musical Clubs of Mobile for $1000 to fund concerts in city parks. Mrs. W. B. Stewart asked the commission to petition the National Federation of Musical Clubs to route Birmingham delegates through Mobile on return from its April convention. The plan aims to bring thousands to Mobile as advertising, with action deferred.
Mayor Pillans introduces a measure to curb burglaries in Mobile by requiring junk dealers tokeep detailed purchase records and store metal separately while delivering daily copies to the chief of police. The penalty for violation caps at 100 dollars. A separate note mentions Leonard Howlson willing to box Willie Hoppe for 1900 dollars per side if 300 points are conceded in 1000.
Movements in government and court notes show Lloyd George resigning as war secretary. City Court reports include Prohibition Law actions with McLaurin guilty, Logan assault, Lartigue prohibition, Evans grand larceny, Ladis permitting minors to play pool, and a funeral notice for George A. Seit postponed.
The stockholders of Alabama Iron Works will meet at 5 p.m. on Friday December 22 1916 in Mobile Alabama to consider a written consolidation or merger with Ollinger and Bruce Dry Dock Company of Mobile. The board will present the merger for adoption or rejection and other proper business will be handled. D R Dunlap president FE L Merkel Jr secretary
The board of directors has called a stockholders meeting of Ollinger and Bruce Dry Dock Company in Mobile Alabama at 4 pm on Friday December 22 1916 to consider a written agreement of consolidation with Alabama Iron Works of Mobile.
A young married man with ten years experience in selling, collecting and office seeks a position. Offers small salary until proven able. Respond to R-12, careltem. le -3t.
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