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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Dec 15, 1916
Page
9
Extreme nervousness marked the early cotton market in New Orleans. Prices fell 18 to 16 points on poor cables but rallied 21 to 25 points for active months on peace talk, trimming losses to 8 to 9 points beyond yesterday's close.成交 fluctuations continued with quiet, steady trading toward noon.
New York cotton trading today posted renewed nervousness with mixed activity as prices slid 2 to 18 points after the call. January fell to 18.23 and May to 18.66 under liquidation, while rallies occurred later and active selling supported prices around 18.42 for January and 18.92 for May before closing barely steady.
Stocks mixed with rail issues steady to firm as United States Steel falls to 112 1 8 after a 20,000 share first transaction. Bethlehem Steel drops 47 1 2, while Marines and United States Steel show modest rallies. Rails are uneven with a choppy closing, and a long list of major issues quotes through the session.
In St Louis on December 15 receipts reached 12 500 hogs with light, pigs and seed heavy categories priced from 9.60 to 10.35 in bulk 9.75 to 10.26. Cattle receipts totaled 3 000 with native beef steers 7.50 to 12.60, yearlings and heifers 8.50 to 11.50, cows 5.50 to 8.50, stockers 5.20 to 7.15, calves 6.00 to 12.00. market considered steady.
Turpentine firm reports receipts of 106 casks with no sales. Rosin firm shows 435 barrels, quotes for B D B and other grades ranging from 6.20 to 7.25. Cotton seed oil market closes firm in New York with spot 12.50 bid and futures quoted from 12.27 to 12.65. total sales 23,400.
Two to three million feet saw log timber or short leaf timber offered for sale within hauling distance of the Southern railroad and a river. Apply P. O. Box 785 Mobile Alabama or Bell phone 449-1.
The British steamer Boniface loaded 1450 tons of pig iron here and sailed late Thursday for Galveston to complete cargo before heading to England. The Munson liner Munisla also departed early this morning after loading general cargo for Cuban ports.
The schooner Beatrice, long in port loading cargo, went down the channel late Thursday and was towed out by the tug Claude.
The Swedish steamer Kron Prinsessan Victoria finished cargo loading and was reported ready for sea. It cleared through the customs with 4,577 tons of pig iron for Sweden and was to sail later today.
Four fruit steamers are en route to Mobile carrying bananas. The Vera from Santa Marta and Fort Gaines from Belize Honduras, Belvernon from Tela are due within a week or ten days. The Vera is expected this afternoon.
Best grades of flour dropped 25 cents a barrel today. First to fall below the high mark touched a month ago. The move by Minneapolis mills trims costs for bakers and consumers as prices loosen after previous peaks.
Thompson, held on a warrant for the Standard Oil Company safe burglary on December 4, arrived in Mobile with Detective Warren Burch. He implicates Don L. Wilson alias Sizely as the leader in the safe blowing job that yielded 800 dollars, claiming Wilson will talk after Thompson, and notes nitroglycerine was used to blow the safe and a fire set in the office.
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