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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Jul 18, 1916
Page
7
Early offers in the cotton market were 6 to 7 points below yesterday's close. By noon active months showed a net decline of 1 point, then 1:30 pm prices rose to 4 points above yesterday. Spot cotton steadied with Middling at 18 cents and 1,700 bales sold on the spot.
New Orleans July 18 reports say poor cables and a more favorable view of the crop situation in the eastern belt led to a firmer tone in cotton markets. Traders noted improved prospects as weather and market forecasts tempered earlier concerns.
New York reports show cotton futures easing after an initial rise as traders weigh improved weather and flood damage in the East. October and December parries losses with spot support and Liverpool interest. boll weevil concerns and tropical storm proximity to the South Atlantic limit selling. Spot cotton steady with middling U.S. price at 13.10.
Spot cotton eased with good middling at 8.20, middling 8.04, and low middling 7.88. Sales reached 5,000 bales with 500 for speculation and export while receipts were 3,000 bales. Futures remained quiet.
U S District Court Southern District of Alabama in Bankruptcy No 1761 announces Lee Oliver of Mobile Alabama was adjudicated a bankrupt on July 12 1916 The first meeting of creditors will be held July 31 1916 at 2 p m at the referee's office in Mobile Alabama Creditors may attend prove claims appoint a trustee examine the bankrupt or transact other business Robert T Ervin Referee in Bankruptcy July 18 1916
For sale rubber roofing at Reliance Equipment Co located at 112 North Water Street. Company offers 3 000 rolls in stock and invites buyers to avoid high prices by purchasing directly from the supplier.
Ad fragment offers furnished rooms or bath and board for $3.00 with a contact phone 222. Details are incomplete and unclear due to damaged text.
OCR fragment shows several rate figures with month ranges from August to January and scattered numbers 7.85 7.75 7.12 7.70 7.69. Lacks clear event, location, or entities to define a full item.
The New York market closed unsettled with spot bids around 10.00 and futures ranging from 9.95 to 10.15 for July to August. Total sales reported at 30,400 barrels amid fluctuating month quotes and near terms.
Chicago announces commodity quotes with wheat at No 1 hard 1.17 1 4 No 3 hard new 1.13 1 4 1.14 No 2 hard new 1.16 No 3 hard old 1.10 3 4 1.11 1 2 Corn No 2 yellow 80 3 4 81 1 2 No 4 white 75 76 Oats No 3 white 40 8 4 41 1 4 standard 42 1 4 42 3 4 Ry e nominal Barley 67 68 Hay Timothy 8.75 clover 7.00 14.00 Pork 25.00 25 87 Lard 13.00 Ribs 13.07 13.67
New York July 18 butter steady with 19 379 tabs receipts. Creamery firsts 25 28 1 2, seconds 26 1 2. Eggs market irregular with 17 332 cases fresh gathered 27 1 2 28 extra firsts 26 1 2 27 firsts 24 1 2 26. Cheese market weak with 5 166 boxes receipts. state fresh specials 15 1 4 15 1 2, average fancy 14 3 4 16. Poultry live firm. broilers 24, fowls 21, eggs 15 18. Dressed meat prices shown for various cuts. turkeys 2.
New York stock market sees pressure in specialty groups led by autos with some gains elsewhere. General Motors rises to 465, Maxwell and Crucible Steel pull back, Utah Copper dips, American Cane gains a point amid a cautious session.
The market saw copper offerings and Crucible products contribute to a dull mid session. The session closed irregularly with Tennessee Copper almost sole feature at the end, marking another moderate setback in the final hour.
A crowded list of closing prices for major and minor stocks includes American Sugar at 109, American Tobacco 219, United States Steel 84 3 8, Union Pacific and others. Several railroads, steel makers, oil firms, and manufacturers show varied gains and losses across the session.
Chicago market summary shows hog receipts 11 000 head with firm prices across grades from 9 55 to 10 10 and pigs around 8.00. Cattle receipts 3 000 head with weakness. native beef cattle 6 90 to 10 90, stockers 6 25 8 25, cows 3 40 9 40, calves 3 26. Sheep receipts 11 000 head with weakness. wethers 6 75 8 30, lambs 7 00 10 60.
In Savannah on July 18 a turpentine firm received 481 casks and several barrels. The quote catalog listed items including DB 904s and 440 L KM. Prices quoted included 6.50 for Mang WE and 5.25 for WW.
The American coastwise steamer Tarpon of the St Andrews and Gulf Steam Ship Company finished loading a general cargo in port on Monday and returned to Pensacola and St Andrews Bay points late Monday evening while carrying a sizeable list of passengers. The British liner Aboukir cleared for the United Kingdom on Saturday with 44 856 pine cross ties loaded by Hunter Benn Company of this city.
The Tombigbee river packet Alma is due to sail this afternoon at five o'clock for Demopolis and all landings. She was receiving cargo this morning.
The Norwegian steamship Fort Gaines is due at the harbor late this afternoon or tonight from Tela Honduras carrying a heavy cargo of bananas for the United Fruit Company. It will unload at the M. and O. wharf.
The American schooner City of Augusta filed clearance papers in the U S customs office and will sail this afternoon for Cardenas Cuba. The vessel carries 467 600 superficial feet of yellow pine lumber.
The Cuban steamship Paloma of the Munson Line, after loading general merchandise at Pier 8 last week, departed the harbor for Cuban ports shortly after daylight this morning. The Karen, also of the Munson Line, sailed a little after 3 o'clock for Havana and other Cuban ports, carrying general merchandise.
The American coastwise steamship Sabine of the Mallory Line sailed from harbor early this morning bound for New York with a heavy freight load and a large passenger list. She arrived Sunday morning around nine o clock.
Shipping notes list vessels in port including Bluefields Tela United Fruit at M O Tropical Fruit Wharf Munwood Cuba Munson Line Pier 6 loading Carmela Turner Terminal docks Norstjerne Bilbao and other cargoes.
A list of ships and vessels including schooners and steamships from Am, Br, Nor and Mex. Cuban ports, Havana, Galveston, Mobile, and TeLAS lanes show repairs, cargoes of lumber, phosphate, molasses, and fruit. several ships bound for Mobile and multiple dock facilities noted with upcoming due dates and cargoes.
Hydrographic notes list obstructions and derelicts sighted in July along Atlantic routes. Entries include a large mast near Cape Henry, a 70 foot derelict off Palm Beach, a likely wrecked hull near San Salvador, and a derelict vessel bottom up at 26 10 N 85 42 W. Ice reports note eight icebergs and growlers off Belle Isle.
Local notice to mariners reports relighting of lights in Mobile Bay after hurricane damage. Rebuilt aids include Mobile Ship Channel Lights Nos. 4 6 A 10 and others. new reports correct prior destruction notes. Also lists affected lights and references charts and publications.
The House bills the public buildings fund for Mobile to enlarge and repair the custom house, with $150,000 to equip and consolidate federal offices. Alabama items include sites and erection funds for Athens, Montgomery, Sheffield, and various cities with amounts ranging from $5,000 to $330,000.
Census shows lint cotton on hand at 80 establishments totaling 167 thousand bales, with June outputs reaching 847 thousand bales for eleven months. Comparisons indicate higher year over year use and stock across compresses and public sates.
In a city court session, J Bremmey Levy faced charges of abusing his wife across twenty cases. Lin Dunklin and Roy Mapi were on the docket. Mrs A B, nee Joseph Hayes, faced lands-related matters. assault and battery charges were resolved with a guilty plea.
Florida and North Carolina naval militias join a convoy aboard the battleship Louisiana. The units are undergoing the first day of training near Norfolk Virginia as part of seaside maneuvers.
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