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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Dec 31, 1912
Page
8
Markets show very little activity as holidays reduce turnover. Ishi markets close two days, Siponte and Liverpool exchanges stay steady with 108000 bales in receipts. Local market remains firm with no reported sales and prices unchanged.
Daily figures show receipts this day 415 in grain and provisions with 1,671 as last year. This week totals 1,380 versus 4,060 previously. Since September 1 receipts reach 154,461 vs 231,917 last year, exports this day 11,635 and since September 1 111,177 vs 189,551, stock this day 42,705 vs 82,704.
An old advertisement touts Grove's Tasteless Chill Tonic to purge malaria and boost the system for adults and children, and Chamberlain's Cough and Cold remedy claims quick relief from colds reducing disease risk. Both claim narcotic-free formulas and wide druggist availability.
Liverpool closing cotton market shows fair demand with price easing. Spot values: American middling 7.65, good middling 7.81, middling 7.11, low middling 6.98, good ordinary 6.47, ordinary 5.99. daily sales 10 000 bales with 600 for speculation and export including 8 100 American. Futures start quiet and steady ending quiet and steady with monthly quotes from January to October between 6.31 and 6.87.
Cotton futures in New Orleans opened steady with a 4 to 7 point early decline as selling orders from shorts appeared sparse. Prices rose from the morning low, turning higher at noon with January to October contracts posting modest gains or small declines amid a thin holiday market and favorable dry weather.
A snapshot of the day’s market listings shows Amalgamated Copper at 78 1 2, American Beet Sugar 49 1 2, American Cotton Oil 57, Am Sugar Refining 117, and United States Steel 68 among others. Major rails include Atchison 106 3 4, Baltimore and Ohio 104 5 8, Illinois Central 127, and New York Central 108 1 4. Utilities and industrials such as General Electric 186, Reading 167 1 2, and Pullman Palace Car 163 bid appear with varied bids and closes.
Chicago wholesale trade for the last year totals 2,209,380,000 versus 1,940,970,000 in 1912. Mail order houses contributed a large share with 1912 totaling 276,000,000 against 229,850,000 in 1911.
Experienced druggists recommend this cough remedy as reliable for coughs and colds. It is pleasant and safe to take and is sold by all druggists.
A street car conductor explains to Parkis and The Painter how fares are collected and recorded. He says conductors must take five cents from every passenger and log each fare on the indicator, insisting honesty prevents arrest for dishonesty.
The British steamer Wragby arrives with 4,500 tons of iron pyrites for Van Heynigen Brokerage after a 25 day voyage from Huelva Spain. Dacre Hill sails for Bremen carrying 5,700 square bales of cotton, 1,031 round bales and extensive lumber and resin. Kiora reports in light to load cargo for Cuba while Agnella and Ravn dock with fruit and port cargoes. John L. Treat completes loading for Havana and Drumraig shifts to load cotton for Europe. Nueces sails for New York.
City officials rebut a World’s Work magazine piece accusing Mobile of fire vulnerability. They cite 80 psi water pressure, 974 fire plugs, four new fire houses in four years, and an efficient department preventing major blazes. Insurance rates and port trade gains are noted to support safety.
The ad proclaims Dr King’s New Discovery drives off pneumonia by fighting winter illnesses. A Vermont reader Mia from Rewaunville credits the medicine for keeping her husband from pneumonia three or four times.
The Alabama river at Montgomery will not change much and Selma will continue to fall. The Tombigbee river and its branches will show little change over the next two days. Albert Ashenberger, Local Forecaster, Weather Bureau.
New York cotton futures opened steady with an early gain of 3 points. As trading progressed prices slipped 6 to 8 points on liquidation and pressure from bears, with a late rally of 3 to 4 points from the morning lows. Spot cotton closed steady with Middling uplands at 13.20 and Middling gulf at 13.46, Sales 1,700 bales.
A barometric low over the upper lake region drives southerly winds and warm weather east of the Mississippi. A second low brings rain to the north Pacific states with 42 mph winds at Seattle. Rain also rains in the middle and south Atlantic states while the southwest remains fair and moderately cold. Mobile may see rain tonight or Wednesday. Local Forecaster, Weather Bureau.
New Orleans on December 31 reports the failure of the spot cotton house Dreuill & Co. The announcement came from the cotton exchange at noon with little disruption as brokers liquidated positions. The firm, among the oldest in the local trade, faced rumors of nonconforming shipments affecting its finances.
The Naval Observatory will transmit a New Year’s Eve time signal for ships crossing the North Atlantic and those in the Caribbean. The signal starts five minutes before midnight and omits beats at each half minute and minute, finishing at midnight by seventy fifth meridian time. Hydrographic offices and chart agents are urged to publicize and sell charts H.O. Nos. 363 1440 1575 2071 2133.
The Mobile board approves paying contractor estimates tied to city bond issues. A resident named Richard Jones wins abatement of Battle House bonds as a non resident. A resolution directs city water connections to the county poor asylum with metered supply at city rates, and the City Bank and Trust Company bids $72,600 on the water bond issue.
The Mobile and Gulf Tropical Exposition directors met in the Chamber of Commerce and Business League rooms for their annual session. They heard officers’ report on the recent fair and announced the plan to publish the report to the press within a day. Officers will be elected.
C B Rader of Lewisburg praises Electric Bitters for curing stomach trouble and rheumatism after ten years of suffering. The ad claims the tonic relieves dyspepsia indigestion jaundice and kidney poisons with a guarantee and 60 cent price, urging druggists to stock.
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