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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Dec 08, 1912
Page
11
Market reports show cotton around 13 cents with steady tones in Memphis and Liverpool. Spinners took 499000 bales last week, exports 200000 bales ahead, while New York and New Orleans stayed steady. The domestic mills need about 600000 bales as traders anticipate government estimates and bear activity on the ginning figures.
On December 7 1912 at Mobile receipts from several lines include the New Orleans Mobile and Chicago Rail road Export compressed 222 bales Southern Railway Train 83 Bevill Phillips Co 38 Baker Lyons Co 15 F M Ladd 11 Touart Quinn 5 total 69 bales Mobile Montgomery Railroad Train 80 Touart Quinn 15 Lott Blacksher Co 3 McFadden Bros 25 transit 66 total 109 bales Mobile Ohio Railroad Export compressed 244 bales Steamer John Quill Demopolis Ala Davis Wilson Gaillard Co 26 Farmers' Commission Co 23 Baker Lyons Co 21 F M Ladd 17 Touart Quinn 16 Bevill Phillips Co 16 Lott Blacksher Co 1 on order 1 total 121 bales Steamer American Selma Ala Farmers' Commission Co 29 Davis Wilson Gaillard Co 27 Baker Lyons Co 10 Ben Toomer 3 F M Ladd 8 Bevill Phillips Co 1 Touart Quinn 1 total 74 bales
December 7, 1915 market notes show staple prices for cotton grades Good Ordinary to Middling, with bids and sales at 328512 and 124. Receipts for the day 839 bales, week 8,074, year-to-date 135,992. Exports totals to Britain and the Continent listed. stock and port figures given. Consolidated statements cover U S ports, exports, and stock. Mobile Clearing House reports weekly clearings at 1,754,563.26 and December month totals at 1,754,668.26.
The page lists various groceries with price per unit or per crate including candy, chocolate drops, penny candy, and multiple produce items. It shows quantities, sizes, and unit prices for apples, bananas, beans, beets, celery, cranberries, carrots, cabbage, cauliflower, dates, grapes, lemons, onions, oranges, potatoes, pineapples, and tomatoes.
A historical price listing shows rubber renting per six units at 1.25 dollars, rubber roofing two ply at 1.25, railroad spikes per 100 at 2.60, high and low pressure steam packing priced per pound, and various hydraulic packing items with per pound rates. The fragment notes multiple packing products and metal goods with unit prices.
Chicago reports show farmers delayed selling corn despite a sharp price drop. Western corn growers hope for market shifts while those who sold May delivery enjoy margins. Weather aids shelling. receipts likely rise. Wheat traders cover shorts and offload longs as cash trade slows. Oats supply increases and hog prices appear steady amid a tame market mood.
New York equities closed with small changes as professionals driven fluctuations by mid session. Reading gains faded as specialties fell 1 to nearly 4 points while Texas Oil, International Steam Pump, Federal Mining and Smelting, and Western Union slipped. Lackawanna rose 4 7 8 points and small steel advances preceded a bank statement showing surplus reserves up over 8.09 million dollars.
Jacob Schiff of New York notified the Pujo committee he will appear next week as a star witness on the money trust. The hearing date was not set yet and more bankers from across the country are expected to follow.
A sharp break hit the cotton markets on Monday with Liverpool down and New York and New Orleans futures losing up to 34 points. Volumes reached 10,000 bales with spot sales also active. By week end, losses narrowed and markets rallied somewhat, though bulls were seen pressuring for lower prices amid mixed Manchester and India demand signals.
Notices list sale dates across southern regions from December 13 to 19 including December 25, with a January window from January 1 to 6 and a separate January 11 to 13. Extensions cover multiple locations and allow buyers to participate within the specified windows.
More than 800000 worth of cotton stored in the holds of two steamers bound for Europe was cleared through the United States customs house on Saturday. Ethniope carried 10000 bales to Havre and lumber and resin. Nitonian finished cargo for Manchester with 3250 bales. Imperator, Karen and Agnell also cleared with additional cargoes.
The former pilot boat Moses H Grinnell was cleared out of Mobile with cargo for Cayman Brac. Jamaica interests reportedly purchase her as she sails under the US flag. ownership change not announced. Her departure ends her pilot service in these waters.
Police Clerk Barry submitted the November activity of the police department to Chief Crenshaw. Revenue from Annex totaled 1,330.10 dollars. The report notes cautious outlook on liquidation and hints at possible bear market pressure before prices rise.
New York December cotton shows a small gain amid mixed cables from Liverpool and market nervousness over deltas in the crop. Government forecasts point to 14 million bales lint yield with broader estimates around 12 to 14 million bales by season end. Public power use rises as candy factories adopt electric power for cleaner, easier control.
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