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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Jan 07, 1916
Page
5
Framing market activity shows Friday trading opening steady with 1 to 3 point gains in sympathy with cables. Liquidation from holders pushed prices 3 to 5 points below yesterday’s close before noon, then a late rally lifted futures, while spot cotton remained steady with Middling around 12 1/2 cents.
Savannnah market notes show a Turpentine firm with receipts 56 1-2 c, shipments 117 casks, stock 16 059 casks and a Rosin firm with receipts 1056 barrels, shipments 361 barrels, stock 76 800 barrels. Price quotes listed from B to WG and Ww with values from 5.75 to 7.50 per unit.
Liverpool reports cotton spot prices for good middling at 8.55 and middling at 8.22 with low middling 7.78. Sales reach 10,000 bales for speculation and export. receipts 4,000 bales. Futures show irregulars across January to November December spreads and related cotton seed oil note begins in New York.
Weekly cotton statistics show total forward to mills 93 000 bales with American 77 000. Stock 829 000 bales including American 556 000. Imports 84 000 bales with American 49 000. Exports 22 000 bales. Spot prices across months range from 8.69 to 8.88 with totals and month names listed.
Minor C. Keith, vice president of United Fruit, testified in Philadelphia federal court about the 1871 Costa Rica railroad idea that sparked banana cultivation to fuel a freight road. He described the 1899 merger that formed United Fruit from Keith company and Boston Fruit.
Marine traffic reports ships leaving Mobile for Liverpool Havana and Tela with cargoes of cotton lumber and Honduras trade goods. The Norwegian Dictator lies in the stream in distress after boiler leaks and is towed for repairs. Itasca prepares for repairs at Henderson Works as fog grounds the harbor and several vessels await berths.
The launch H. I. W. of 28 test fi length stolen from Henderson Iron Works wharf Thursday night was recovered this morning in Mobile Bay. Police have been notified and are investigating the incident.
Vessels including Verona Itasca Mundale Geary Richard Henry Little Oscar G Lizzie Dennison Phineas Sprague Strathcona Marion Cobb Bruce Hawkins Ethel Clark Sao Steam ships and Barkentines are listed in port. Quarantine Harbor docks and municipal docks at Fairhope and Gulfport Mississippi show loading and unloading activity with repairs underway at Harbor Turners and tanker terminals.
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