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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Jan 06, 1917
Page
7
Strong tone in early cotton trading driven by yesterday's South spot market advances. Prices up 21 to 23 points at first, later widening to 30 to 43 points with spot cotton firm and middling at 17.38. Futures close steady with gains of 24 to 39 points. January 17.78, March 17.92, July 18.32, October 17.64.
The New York cotton market opened firm with a 3 to 15 point rise in futures after reports of western demand and bullish spot advice. March touched 18.10 and July 18.42 with limited offering and a steady undertone, spot prices steady at 18.35 for middling uplands.
Hogs receipts 6,000 higher with mid 10.30 to 10.70 for hogs and good heavy 10.70 to 10.80. Cattle receipts 600 steady with native beef steers 7.50 to 11.50, yearling cattle 8.50 to 11.50, cows 5.50 to 8.50, calves 6.00 to 10.25. Sheep receipts 500 steady with lambs 9.00 to 13.50 and yearlings 10.00 to 11.65.
Alabama Tennessee Northern Railway announces daily passenger service to York including Tuscaloosa Meridian Birmingham and points East and West. Service details and schedules to be announced.
Today in New York United States Steel rose near 2 points on 10 006 shares traded at 112 1 4. Affiliated industries coppers oils and shipping also gained with strong broad advance as rails showed irregular activity. Total volume 383 500 shares with bonds steady and several Dow components listed in early price moves.
The Associated Press notes mixed grain and pro figures from Chicago on January 6. Wheat and corn show nominal or mixed bids across No. 2 red and yellow classes, oats at 56 to 57 cents, rye nominal, barley around 95 cents, with hay at 3.50 to 17.00. Provisions list park 28.50, lard 15.60, ribs 13.87 to 14.69, while futures and open close figures accompany the commodity lines.
Kansas City market summary shows hog receipts about 5000 with bulk prices around 10.00 to 10.55 and heavy at 10.40 to 10.60. Pigs sell 8.75 to 9.59. Cattle receipts about 10 with prime fed steers 10.75 to 11.50 and dressed beef steers 8.50 to 10.50. southern steers 6.50 to 8.50, cows 5.25 to 9.00, heifers 6.59 to 10.59, stockers 6.25 to 8.77, bulls 5.50 to 7.50, calves 6.50 to 11.50. Sheep receipts steady with no notable change.
The British steamer Sylvanian finished loading and prepared to depart Mobile, expected to go down the channel today. The schooner Beacham, lumber laden for Cuban ports, also ready to sail from Government street and proceed at once.
The schooner Strathcona reached the harbor last night and lies in the stream awaiting a berthing space. It will load cargo for the Bahamas Timber Company.
The Portuguese ship Helena arrived Friday in tow of the tug Three Friends and sailed again for New Orleans. She was to load here but was directed to New Orleans to take cargo on a change of charter.
The market lists Lambs at 12.75 to 13.25, yeagglings at 11.09, new wethers at 8.75 to 10.00, and ewes at 8.06 to 9.25. Prices reflect typical seasonal ranges for buyers and sellers in regional livestock trading.
Naval stores report in Savannah on January 6 shows turpentine firm 53 1 2 54 with no sales and 90 casks received. Rosing firm with no sales, 458 barrels received, 125 barrels shipped. Stocks total 23 266 casks and 91 604 barrels. Quotations list B D EB at 6 22 12, G at 6 25, HG at 6 36, I at 6 45, K at 6 50, M at 6 70, N at 6 95, WG at 7 00, WW at 7 30.
The cotton seed oil market in New York closes steady with January at 12.27 12.30, February 12.14 12.16, arch 12.12 12.13, April 12.10 12.17, May 12.17 12.18, June 12.18 12.23, July 12.23 12.24, see 12.24 12.17. Total sales reach 10,500.
The average condition of clearing house banks and trust companies shows reserves in excess of legal requirements totaling 140,441,440 dollars. This marks an increase of 23,105,750 dollars over the previous year.
Elgin Illinois reports butter sold in 30 tubs at 39 cents each with no further details available.
Montgomery Ala Jan 6 Special Despite no appointment yet to replace Judge H T Toulmin deceased Judge Henry D Clayton is scheduled to open the term for Mobile division Monday in the south Alabama division No word on whether his services will be requested.
Rev H M Perkins led the Week of Prayer at Broad Street Presbyterian Church for missions and missionaries among heathens. Tonight Neander Crane will lead the service and next Sunday January 7 at 11 am the Lord's Supper commission will be observed with hope all members attend.
A newborn infant, just days old, was recovered from a manhole at Augusta and St. Emanuel streets by sewer department workers. Police are investigating and the Roche and Burke Undertaking Company holds the body. Health authorities cannot determine the child’s race.
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