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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Dec 15, 1916
Page
7
Wheat prices plunged as peace reports from Berlin and a weaker New York stock market spurred selling. May wheat slipped to around 1.58 a bushel after opening near 1.63 and showed wide price variation across trading pits.
A historic ad claim recommends dissolving dandruff with four ounces of liquid argon applied at night to moisten and massage the scalp. It promises immediate relief from itching, and says repeated applications destroy every trace, leaving hair fluffy and glossy.
New York jury awards $35,000 to Magistrate J Corrigan in a libel suit against Bobbs Merrill Company over George Bronson's novel Gods Man. Corrigan sought $200,000 alleging a character was intended to represent him and included matter defamatory to him.
The report notes May prices peaking at about 1.57 for 1-2, with buyers returning as exhausted pressure loosens. Rallies faded and homes that had been free sellers leaned toward purchase, but sustaining gains remained elusive.
Liquidation resumed in New York with 2 to 4 point drops in Continental Can Utah Copper Lackawanna Steel and International Paper. United States Steel traded heavily around 112 to 113 1 4 after yesterday's 113 5 8, while rails Reading and Southern held up. By noon United States Steel traded near its worst and other major issues fell to new session lows amid broad selling and market jitters influenced by bear action and banking scrutiny.
Washington reports emergency measures approved by the Interstate Commerce Commission to relieve freight car shortages. Consignees may unload within two days. after that demurrage rises from 1 to 5 dollars daily. Railroads increase interline car rental to 75 cents per car. Foreign cars flood Western yards, with Eastern demand rising.
The commission orders require returning box and refrigerator cars when owners do not load them. In Middle West yards congestion has eased with fewer cars waiting to unload. Detroit saw loaded cars drop from 25 000 to 15 000 in a month. Eastern road officials meet today to discuss ongoing car shortages. Next week, leading shippers plan a conference here.
Premier Cort van der Linden told the Dutch lower house the government still fears Holland could be dragged into war. He noted growing munitions supplies and said sufficient forces must be kept ready due to the international situation.
Finance committee recommendations will be considered at an adjourned meeting of the board of school commissioners this afternoon. The committee reported Wednesday and proposed ways to meet the financial condition but the discussion was postponed. The board will also hear the superintendent and assistant superintendent reports and dispose of routine calendar business.
The Baptist ministers of the city will meet at the First Baptist Church Monday at 2:30 PM. Chairman Rev. H. D. Munroe and secretary Rev. W. W. E. Lockier urge a full attendance as several important matters are to be discussed.
Part time work persisted in many instances due to a limited supply of cars to handle the output. An order for the return of coal cars to their owners, loaded or empty, was issued several weeks ago by the car service commission to meet this condition.
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