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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Jul 13, 1913
Page
8
The Mobile cotton market closed quiet with no sales reported on Saturday. Prices shown include low middling around 11 to 11.5 cents and middling near 13 cents with ordinary roughly 8?8 cents. overall market activity was sparse and unchanged from the prior days.
Market notes show cash grain quotes in St Louis and Chicago. Wheat prices range from 84 86 to 91 92 1 2 for several grades, corn at 60 1 4 to 61 1 4, oats around 41 and rye at 58 60, barley 48 3 8, and pork around 21 85 to 22 00.
Cincinnati market notes report quiet trading on July 12 with grain prices steady. Wheat No 2 red 87 to 89 cents, corn No 2 mixed 64 1/2 to 65 cents, oats No 2 mixed 41 1/2 to 42 cents, rye No 2 58 to 60 cents, hay timothy 12.00 to 18.00, bulk meats and eggs steady.
London dealers eyed a brighter Balkan outlook and edged prices higher as the market closed steady. US securities opened steady and then rose led by Union Pacific and Canadian Pacific, finishing higher than yesterday’s New York close. Consols and key rails quoted, bar silver steady, money and discount rates noted. See L. I. Noble item on clothing values.
Cotton trading was quiet in New York with brokers away for holidays. Prices opened slightly higher on brief covering then held near opening levels as demand remained tepid and market sentiment uncertain due to pending legislation.
Long grain futures saw heavy selling across pits with additional hedging against wheat and oats. Wheat fell about 1.5 to 2 cents, corn down roughly 0.25 to 0.75 cents, oats off about 0.5 to 1 cent. Receipts this week reached 6.429 million bushels, far above last year's 2 million. Farmers may hold grain as prices drop, aided by rain and weak wheat and oats. hogs gained while shorts covered in July pork. Openings and closes off across wheat corn and oats, with provisions showing gains on pork and lard futures.
Washington reports the war department remains in the dark over Col Brewer's demand to release five American prisoners at Fort McIntosh Texas. The deteriorating Mexican situation risks intervention despite opposition from Wilson and Bryan. Reports say the Iberta government has months to live and that rifles cross the border at high profits, with border runners to be prosecuted when caught.
The Mobile post office held its largest civil service exam in years with thirty-five applicants for clerks and carriers. White applicants numbered twenty and fifteen were colored, including several women vying for clerk positions. Papers were sent to Washington Saturday night under the direction of D. S. Hubbard and Joseph Henry, with L. La Noble’s notice on the page.
Financial news from New York shows bankers' bills at 4.83 for sixty days and 4.8675 for demand while metal and bond activity mixed. Money on call nominal and time loans firm with 60 day rates at 3 1/2 percent and 90 days at 4 1/2 percent. A clothing sale at 18 South Royal Street claims to have broke all records.
New York July 12 futures for Rio No 7 coffee quoted at 9 1 8 with September at 8 77 and December 8 97. The market held steady amid record coffee activity and a page announcement reference noted.
Boston hosts the 31st annual Supreme Council meeting drawing Knights and families from across the United States and abroad. Hotel Somerset serves as headquarters with a grand parade and a large banquet planned for August 4, aiming to be the largest gathering ever held by the order in the city.
The event will feature a baby contest and carnival queen results announced hourly. Grounds will glow with over three hundred multicolor electric globes creating a carnival atmosphere. Daily amusements are planned and all races and contests admit free of charge.
Friends of Maple Camp No 5 Woodmen of the World laud the committees for a successful annual outing to Fairhope last Thursday. Twelve hundred members and guests spent the day enjoyably.
Ancient Order of Hibernians plans a Monday night gathering with sixty candidates to be initiated and many more applications expected. Michael J. McDermondt leads the committee aiming to boost city membership while two hundred Irish birth or descent men attached in three months. Refreshments are arranged, fans will cool the third floor, and Recording Secretary F T Kopper smith urges members not to eat before arriving.
Four lodges of Knights of Pythias plan a joint installation at Castle Hall at 8 p m on July 16. The organizing committee includes Charles L Smith R W Lindsey D W Camp and George W Smith with leading officers to be installed from Rescue Lodge No 24 including Philo L Eastburn Curt Pielert B E Andrews J C Fulford and others.
The Weil residence at Charles Street will be sold on Tuesday July 15 in an auction of rare furniture cut glass and bric a brac. Auctioneer A A Richards expects large crowds of bankers and city residents and recommends arriving early for the 10 30 am start. Take Marine and Broad street cars to Charleston and walk one block west to view the sale banner.
Today's Item announces Lui Noble presenting the greatest clothing values for shoppers. The notice highlights bargains on coats suits and dresses with limited time offers and downtown locations.
A large sale at 18 Cen Royal Street promotes record discounts with a page ad claiming outstanding bargains. The notice highlights a major event for shoppers and urges attention to the announced timeline.
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