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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Jan 06, 1913
Page
8
The Liverpool market reports a rise in bales with spot trade active despite a dull December. Southern and Eastern spinners absorb offerings while export movement remains uncertain. Ginning data forecast 400000 bales for December 13 to January 1 1913 amid price signals. Eggs butter apples and fish supply and demand are discussed alongside storage and market pressures.
The column reports continued demand for small packaged oysters and steady to firm cotton prices. Riordan leads today’s market as a top seller with ties to Pell and Wall Street. London emissaries from Turkish and Balkan sides signal easing tensions and a foregone peace, while Dick Bros. of Liverpool remain prominent sellers. Absorption by large spot interests persists and semi corner attempts continue as January quotations confirm spots as a market keynote.
Do not overlook Cash Bargain Day at Weinackers on Wednesday January B. See specials in last Sunday's Item.
The piece notes cautious sentiment in markets with investors preferring to lie low while watching new developments. It reports Liverpool cotton prices steady with American middling around 7.33d to 7.67d and day sales near 12,000 bales, including 10,400 American, plus receipts of 17,000 bales. Futures open quiet and close steady across contracts from January to February.
New Orleans Mobile and Chicago Railroad Exports report 105 bales. Louisville and Nashville firms Baker Lyons Co 11 Touart Quinn 8 in transit 159 total 178. Eastern Shore steamer James T Carney two bales. Steamer James T Staples Demopolis Alabama firms Beard Phillips Co 40 Baker Lyons 12 Davis Wilson Gaillard 10 Touart Ulna 9 Farmers' Commission Co Ladd 2 total 76. Steamer John T Quill Demopolis Alabama Winston Jones Co 271 Baker Lyons 56 Davis Wilson Gaillard 565 Bevill Phillips 45 F M Ladd 25 Touart Quinn 22 Farmers' Commission 2 Lott Blacksher 2 Marx Produce 1 total 479.
The New Orleans cotton market opened steady with a 2 to 4 point rise from Saturday. Cables were favorable and buying was modest as traders weighed dry weather needs for winter plowing against current conditions. Prices moved 5 to 7 points above Saturday's close in the first half hour.
New York cotton opened lower by 1 to 2 points as Liverpool cables suggested a Balkan peace settlement. Trade groups acted as moderate buyers while light offerings followed the rumors, lifting prices to a net gain of 2 to 5 points. The market then quieted with January up 3 to 5 points while later deliveries stayed near Saturday's close.
A fragment notes a planned meeting between Priday and the finance sealest shepoard of Richa and Toad. The readable text is sparse, with no clear date, place, or additional participants.
The Supreme Court holds that a cotton corner is a restraint on interstate commerce and may violate the Sherman Act. The ruling clarifies that the restraint need not be voluntary and returns the case to federal court for trial on the facts, with further review possible on certain points.
Two steamships and six sailing vessels reached Mobile Sunday with loading planned for South America and the Indies. Consul Horn Nordkap Dresden Ethel V Boynton Van Lear Black Irma Bentley W H Baxter Laura C. W H Baxter shifted to docks for lumber cargo. Lampsas due Monday. Karen and Fort Morgan moved to berths Tuesday.
United Fruit Company announces sailings from Mobile to Puerto Cortez on January 10 aboard Viator to Bocas del Toro on January 11 aboard Fort Gaines and to Port Limon on January 9 aboard Belvernoh all scheduled for 10 a.m.
Paris reports the death of Louis Paul Cailletet, eminent physicist and president of the Aero Club of France, who passed away Saturday. He was born in 1832.
In Lafayette Ind a report indicates George Ade suffered a fall while on assignment. Details remain unclear but medical assessment suggests possible injuries with ongoing observation. Local authorities and hospital staff declined further comment.
The Pensacola Journal recounts Cassius Griffith visiting the city five weeks ago en route around the world. He greets hundreds on the street by name, speaks a mix of languages, and hints at a wandering future with stops in Texas and possibly South America or Borneo.
A trough shaped low over southern Texas extends northeast toward the lower lake region, bringing rain to the east and snow to the west as far south as Taylor Texas. A cold air mass with record low temperatures sits west of the Mississippi while Havre Montana reports 36 below zero. Albert Aschenberger, local forecaster, notes a world travelist life and a soon departure from Osceola Club, with Cassius Griffith sending a Arctic tale in a magazine this month.
The Tombigbee river and branches are not expected to change much over the next two days. The Alabama river should hold tonight and then rise likely Tuesday or Wednesday. Local Forecaster, Weather Bureau.
Fragmentary forecast item notes protection against 12 degrees for 364 hours and shipments directions toward north 30 degrees east and 28 degrees west with reference to degree measurements and times.
In the Courts of Law and Equity the Equity Side and Chancery Court convened with Judge Berney and Chancellor Smith presiding. Cases include Samuel Perry v Nora Perry with order of publication and motion to amend bill, John Fowler v Alice Fowler with testimony ordered published, Minnie Mynatt v Garfield Mynatt with testimony submitted, John Marston v Lena Strachan with decree pro confesso, and Alessandro Bertolla v Epis fanio Pelati with decree pro confesso on amended bill. Ex officio register directed to give one day's notice on order book. The spring term opened Monday at noon for 1913.
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