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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Dec 16, 1916
Page
7
Market notes indicate prices for low ordinary to good middling ranging from 15.20 to 18.38 with recent declines. Receipts for today 408 and week 408 737. exports to U S and Britain listed, stock and port totals updated, with year over year comparisons and accumulated exports since August 1.
New York stock market opened higher today led by United States Steel and key rails. Volume topped 750,000 shares with widespread gains in copper, caution in bonds, and strong closes despite mixed bond activity.
Cotton in New Orleans on December 16 opened with mixed moves as gains of 2 points faded. The market fell 6 to 9 points from yesterday's close, later widening to 16 to 20 points on liquidation of long positions amid peace talk. Spot cotton remained quiet with no sales. futures closed barely steady with a net decline of 16 to 24 points.
In New York on December 16 the cotton market opened steady but fell 3 to 6 points, with active months down 17 to 20 points from last night. Prices closed unsettled with Dec at 18.15, Jan around 18.25, Mar near 18.46, May about 18.68, and July near 18.14, while spot middling held at 15.35 and no sales occurred.
Hogs receipts 7,500 steady with lights 9.65 10.15 and pigs 8.00 9.25. Good heavy hogs 10.20 10.35 and bulk 9.80 10.20. Feeder cattle receipts 1,500 steady. native beef steers 7.50 12.75, yearlings 8.50 11.50, cows 5.50 8.50, stockers 5.30 7.75, calves 6.00 12.00. Sheep receipts none, market steady. lambs 8.00 13.25, ewes 5.00 8.75, yearlings 9.00 11.25.
The statement of actual condition for the week reports clear ing house banks and trust companies hold 94,447,320 in reserve above requirements. This marks an increase of 20,604,800 over last week.
Associated Press dispatch from Chicago notes bid prices for grain futures with Wheat No 2 red and other varieties listed as nominal to slight shifts. Corn Oats and Rye quotes appear with limited movement and mixed price readings across standard and white classifications.
Washington D C residents pursue law in Trouston Texas and plan to attend the Clara Pate wedding. Dr Toxey Haas Mobileite returns from Lake Village Ark to visit family through New Year. Agnes Scott students Emma Porter Pope Frances Erwin Martha Webb Gladys Gaines Dorothy Mitchell Gertrude Amundsen head home Wednesday. Provisions and feed prices listed include pork lard ribs and grains.
Mrs. F Williams and son take the Weil home on Government street for winter. Miss Coleen Moore plans to spend Christmas with sister Mrs. George Hausmih of Atlanta. Lucille and Mellison Smith arrive from Women's College at Montgomery to spend holidays with Mr. and Mrs. R A Smith of Spring Hill. Anni Boulet, UA student, will visit with her parents Mr. and Mrs. Stonewall Boulet. John W McAlpine Jr will arrive from UA to spend holidays with his parents. Mr. and Mrs. Charles S Shawhan go to Weg Point to spend Christmas with Judge and Mrs Maupin. Genevieve Jarvis to visit from UA. Edna Manning left for Pensacola to tend uncle Swaine. Mrs. Jessig McMillan and Lena McGowan spent weekend Mobile. Mrs. Orrie Hall Jr and Miss Elizabeth Simison shopped in Mobile. Mr. and Mrs. J Mix and daughter Madaline returned from Mobile. Mrs. A R Kinzer returned from Mobile. Mrs. Orville Swinson of Mobile visits Rev S P Palmer. Mrs. Alice Burton plans Palm Beach Florida for Christmas with Mrs. Charles Jluight.
In New York on December 16 the cotton seed oil market closed steady with futures varying by month. December to July contracts ranged from 12.13 to 12.80, total listed sales reached 8,500 units.
Savannah Ga Dec 16 Turpentine firm 523 4c no sales receipts 456 Rosin firm sales none receipts 2875 Quote B D E F G H 6.20 1 6.25 M 6.55 N 6.90 WG 7.05 WW 7.25
Hogs receipts 1,000 head market steady bulk 9.70 to 10.10 heavy 10.00 to 10.20 light 9.60 to 10.05 pigs 9.00. Cattle receipts 860 market steady prime fed steers 10.50 to 12.00 dressed 6.00 to 8.75 cows 6.25 to 8.50 heifers 6.00 to 10.50 stockers 6.00 to 8.50 bulls 5.25 to 7.25 calves 6.50 to 11.25. Sheep receipts 2,000 market steady lambs 12.00 to 13.00 yearlings 10.50 to 11.35 wethers 8.50 to 9.50 ewes 7.15 to 9.00. It is estimated that the hotel beat costs American hotels 3,009 dollars a day.
The auxiliary schooner Minnesota owned by John A. Beckley of the Chicago Yacht Club ran aground at Cape Lookout during a storm. Eight men aboard were rescued by the Cape Lookout coast guard. The coast guard cutter Seminole departed Wilmington to aid the stranded vessel. The yacht was traveling from Philadelphia to New Orleans. J B Tattersall, a leading cotton mill owner in England, started as a Lancashire mill boy at age nine.
Mrs Frank Crocker of Pana Illinois writes of her five year old son Paul who had a severe cold with lung involvement and lingering coughing spells. After trying other medicines she used Chamberlains Cough Remedy and the first dose helped greatly leading to a full cure.
The four masted schooner Florence Howard arrived from Trinidad delivering asphalt for Barber Asphalt Co. Towed up the channel by Lapwing and Marton tugs of Lapwing Towing and Wrecking Co. Edna Y. Pickels returns from Mobile with lumber bound for Cuban ports and awaits berth to reload. W. M. Richards moved to Turner Hartwell docks to begin cargo loading after days in port.
The schooner Clara Scott and the American steamer Fordonian are ready for sea and expected to depart within 24 hours. The Scott sails with lumber cargo while the Fordonian loads general merchandise after weeks in port for repairs and to install wireless equipment.
The Senate met with debate deferred on the 50 million flood control bill for the Mississippi and Sacramento rivers and resumed discussion of a District of Columbia prohibition measure. Chairman Adamson introduced a joint resolution extending railroad investigation time to December 1918, and Brigadier General McCain testified to military affairs. Henry opposes food embargo plans as rules committee chairman. A conference committee was named to work with the Senate on the immigration bill before holiday recess.
Railway timetable fragment lists routes and arrival times among several lines including Louisville and Nashville, Pensacola accommodations, and Mobile routes. Mentions trains to Cincinnati, New Orleans, and Chicago with specific times and service notes.
A miscellany of classified items notes a major sale on shoes and dry goods damaged by a storm. Advertises low prices at M Hoffman 411 Dauphin and other listings including teeth buyers, mattresses remade by B Wilk, and various ads for contractors, college scholarship offers, and employment notices.
A well rated manufacturing company seeks a capable man to manage a branch office and supervise salesmen. Large profits promised with $300 to $1,000 capital required. Write for particulars to Gloria Company Chicago Illinois. Also offers government job guidance and a free book DW 581 from Earl Hopking Washington DC.
Geneva dispatch says the German governor and Warsaw municipality clash over deporting Polish workmen to Germany for munitions factories. The Polish press backs the city, and public opinion runs high.
Paras December 16 report that German munitions employ flaming onions to attack Allied aircraft. The projectiles resemble bulbs with ribbons of fire.
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