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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Feb 10, 1913
Page
8
Short supply limits cotton for sale while demand remains strong. Futures show promise and prices hold firm as the New York Exchange observes Lincoln's birthday on February 12. Augusta market stays steady and forecasts look favorable despite modest gains across commodities.
The listing shows Mobile Exchange rates for storing and commercial at 4.82 percent. New York and New Orleans light commercial prices are noted. Ocean freight prices include Liverpool 0.48, Havre 0.56, Bremen 0.50, Manchester 0.48 per steamer.
Compact record lists shipments by lines including New Orleans Mobile and Chicago Rail road Export and Louisville and Nashville Railroad. Details show multiple agents and firms such as Senter on Company F M Ladd Beville Phillips Co Lott-Blackshear Co Farmers Union Produce Co and others with totals of 156 bales and various steamer moves like James A Lee and John uill to Biscle's Bluff.
Cotton futures in New Orleans opened 4 to 6 points higher on good cables and unfavorable belt weather. Rain hit the western belt with forecasts for rain across the region. Short-covering by last week’s sellers supported the market, later fading as selling eased and a firm undertone persisted toward noon.
At noon slight gains appeared as prices edged 10 to 14 points over Saturday's quotes in active months. Afternoon trading was quiet and steady with an upward bias, and the failure notice for Max Schubert had no market effect. By 2 PM trading months stood 14 to 18 points above Saturday's last quotations in New Orleans on February 10.
In New York on February 10 cotton futures opened firm gaining 3 to 9 points on higher cables and renewed spot support. May reached 12.43 with a 10 to 14 point rise, later slipping 4 to 6 points, market steady by late morning and closing steady with middling uplands at 18.05 and middling gulf at 13.30. Sales totaled 100.
Liverpool notes cotton spot in fair demand with prices for Ameri can middling fair at 7.53 and ordinary at 6.06. Sales reach 8 000 bales, including 800 for speculation and export and 7 400 American. Receipts reported as none. Futures opened steady and closed quiet with multiple near term forward prices listed.
Cash market quotes for Wheat Corn Oats Rye Barley and related commodities in Chicago with bid ask ranges for No. 2 feed No. 2 hard and other grades. Also includes timothy clover park lard and rib values with price ranges.
Kansas City cattle receipts total 9000 head with 400 Southern cattle. Prices steady to firm for Southern steers and cows. Hog sales strong with bulk at 7.65 to 7.80. pigs 6.50 to 7.25. Sheep receipts 17000, market strong with muttons 4.75 to 6.00 and Colorado lambs 7.80 to 8.80.
Market notes indicate no end to apple and potato receipts with ongoing daily demand. Fish market ice boxes remain crowded with supplies from all fish varieties. Paper containers increasingly replace wooden boxes for transport. Egg receipts continue to rise.
New York trading opened weak as fears of the Mexican revolt spurred bearish activity. Rail and industrial stocks tied to Mexico slumped while Southern Pacific fell to a low not seen since 1908. Call money rose to 4 percent as the market stayed inactive and low in spirits.
A dated list of stock prices includes American Cotton Oil American Sugar Refining American Tel and Tel Anaconda Mining Co Atchison Atlantic Coast Line Baltimore and Ohio and many others with bid and price figures such as Erie 303 4 and United States Steel 647 8 plus Wabash 3 1 2 and Western Union 72 3 4.
The Mobile excise commission approved Thomas Martin Sr. for transferring his liquor business from Water and Beauregard to Royal between Elmira and Texas. A fire damaged a home on Our Alley, and Hose Co. No. 3 fought a blaze in an unoccupied house on Texas Street started by a tramp. The Chamber of Commerce may consider a special edition in March for Manufacturers' Record space. Perry J. Wallace filed for bankruptcy on St Francis Street near Royal with $2170 liabilities and $860 assets, and was adjudged a bankrupt pending Referee Ervin's ref.
Governor O Neal instructs Sheriff Palmer to confiscate all county military company property in Mobile at once. The governor cites the law and warns that possession of state property without authority is a misdemeanor. Also notes visitors A C Salter and wife C P Salter of Coadville Ill and Ben Schwartz of Houston Tex staying with relatives in Mobile.
The board discussed assigning a caretaker for the Dog River bridge approach on Cedar Point road. It urged owning land for a bridgekeeper house, and instructed the road committee to explore purchase or lease options. Attorney Stallworth rejected uncertified bills and sent them back. The Civic League complaint on a road roller contract was noted.
H B Pake as assignee returns that he deposited the Leinkauf Banking Company books with the ex officio register. He retains the cash book and ledger for ongoing administration and access for interested parties. Some papers were lost burned or sold after removal from premises.
London stock trading was small with irregular price moves. Mining carry-over affected sentiment as American securities drifted lower before noon. Amalgamated Copper improved while Canadian Pacific fell about a point and the rest of the list eased.
The Tombigbee river and branches are expected to fall over the next two days. The Alabama river at Montgomery and Selma will decline, with Selma’s drop accelerating tonight through Tuesday.
Federal Judge Toulmin refused the Louisville and Nashville Railroad Company’s bid to set aside a $15,000 verdict and grant a new trial in a suit by Ella R. Irwin administratrix for her son’s death at the Bay Minette crossing last March. The suit sought $25,000, with a jury awarding $15,000 a little over a week earlier. The railroad argued damages were excessive and the verdict contrary to evidence and law. An assignment notice from H. P. Pake, assignee of Leinkauf Banking Company, is noted.
At St Matthew's Church Tuesday mass begins at 7 10 a m with devotions to St Anthony of Padua after mass Confessions precede the service The Mass is offered for the repose of Miss Hattie Heiter by the Children of Mary of St Vincent's select school A Tuesday night holy hour starts at 7 30 p m ending with benediction Weekday masses continue at 7 10 a m.
A low pressure area centered over Manitoba drives rain in the west gulf and middle Mississippi valley with warm southerly winds into the region. A high pressure crest brings cold weather north to the lower lake region and western North Carolina. A new cold air wave forms on the north Pacific coast as the low departs toward Mobile bringing rain tonight and Tuesday.
In a chancery court session, cases include Martha Rhodes versus John Rhodes with testimony published. Trueman K. Darrough versus Mary Darrough with testimony published. James A. Bishop versus Benjamin Grist et al with decree pro confesso. Mary Finch versus Lydie Wells for guardian ad litem. James Richardson versus Jennie Finch et al with extended answer time. James K. Glennon versus Madison Tillman with guardian ad litem for minor Claude Tillman. Francis T. Perkins versus Lottie G. Perkins for pendente lite alimony. M. T. Russell versus New Orleans, Mobile and Chattanooga Railroad Company et al with decree pro confesso.
The Drumlanrig from St Lucia arrives after a nine day voyage from Rio de Janeiro and berths at Turner Hartwell docks. The Karen from Havana reaches Munson docks with fruit and vegetables. More ships expected, including Belfast from New Orleans and Nueces from New York. Sardo mene prepares to sail for South America, while Chacma, Sleidrecht and Alicia set sail or load cargo. Rumor of Pensacola St Andrews and Gulf Steamship adding service toward Galveston with stops at New Orleans.
At engine company No 2 in St Louis street Captain Gus Rhem renamed six fire horses. Four pull engines named Pat J Lyons Thomas Price George Myrick and Gus Rhem. Two hose wagon horses were christened Las Schwarz and William McGowan with signs above each stall.
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