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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Jul 27, 1916
Page
7
The cotton market opened steady then rose after midday on new buying and rumors of lower crop conditions. Futures for October and January advanced sharply with notable activity from Liverpool and Memphis as spot prices held around 14.25 for middling.
Rains in the eastern belt and bullish private bureau returns for Mississippi and Alabama spurred early buying in cotton, lifting quotes 4 to 5 points. Shorts covered amid a 16 to 17 point net advance by midday, with spot steady and 745 bales sold. market closed 14 to 15 points higher.
An unfavourable local trade paper outlook for Alabama and Mississippi boosts early cotton futures by 1 to 3 points. October and January rise to 13.13 and 13.36 with Liverpool buying, then January gains to 13.39 as showers in the Carolinas and Georgia temper offerings.
In Liverpool on July 27 cotton spot prices eased with good middling at 7.23 and middling at 8.07. Sales reached 4 000 bales with 400 for speculation and export. Receipts stood at 17 000. Futures list shows slight declines across near and forward months from July to August and into mid year.
Moderate selling pressure returns at the dull opening with declines in Industrial Alcohol Mexican Petroleum and several munition and motor shares. United States Steel stays sluggish as rails and related issues slip while a block of 300,000 in new French notes trades at 98. Seaboard, Sea Roebuck rise late. overall closes irregular with a long list of stock prices quoted across major firms and utilities.
Savannah market notes list turpentine at 421 and rosin receipts totaling 2 704. Quotations shown for grades B D EB F G HI M N WG and WW with bids around 6.00 to 6.55 dollars, with no sales or receipts other than the stated totals.
Cattle receipts total 3,000 with steady for native beef and western steers. Prices show native beef from 7.00 to 10.50, western steers 6.75 to 8.60, stockers and feeders included. Hog prices quoted across several categories with bulk at 16.00 and lighter and mixed lots around 9 to 10.
In the Law and Equity Court of Mobile equity side Judge Berney presiding William H. Bryant vs Emma Bryant ordered publication. James Maddox vs John Maddox et al register's report of reference read and laid over until July 29. State of Alabama vs O F Cawthon Realty Co et al dismissed as to O F Cawthon Realty Co by consent. Dixie Lumber Company vs Mrs Tracey Spaulding et al submitted under terms of agreement on file.
Wheat and corn futures quoted with various No 2 and No 3 red and yellow grades. Oats and rye prices listed. hay values cited. Pork and lard figures shown alongside rib prices. receipts for cattle and sheep given as 11 000 and 11,000 head respectively.
New York July 27 the cotton seed market closes strong with spot bid at 9.00 and futures bids ranging from 7.98 to 9.18. Contracts listed for January February July August September October November December show varied bids with total sales of 24,000.
Justice Darling announced the five judges who heard Roger Casement's treason appeal would sit tomorrow to hear a possible clemency application. The nature of the application was not disclosed.
Alpine Texas July 27 Harry J Spannell faced a preliminary hearing on a charge of killing his wife and Lieutenant Colonel M C Butler United States Army and was remanded to jail without bond awaiting the September 11 grand jury action He was brought from El Paso to the hearing
In Dallas area reporting shows the prohibition amendment leading with 157066 in favor to 154720 against as one county still lacks results. The statewide tally reflects a growing majority for the amendment in Saturday’s primary.
A daily direct steamship service has been established between Passau in Bavaria and Belgrade, announced from Berlin via wireless on July 27. The line aims to improve regional transit and trade by linking two key Danube ports with regular departures.
Norfolk, July 27 observers note Triumph day at the International Bible Students convention. Speakers included P B L Johnson A M Graham R H Barber Bauerlein and Thornton delivering addresses.
Alabama may see partly cloudy conditions tonight and Friday with possible local thunder showers in the southern portion. Mississippi expected to be partly cloudy tonight and Friday.
The British steamship Asian of the Leyland line plans to depart Mobile this afternoon for Liverpool and other U K ports. It carries cotton naval stores and lumber loaded by Mobile Liners Inc. The Leyland line also has the Median en route here to the Mobile Liners.
The American tank steamer Fran cis Hanify reached port Tuesday night with 600000 gallons of black strap. She unloaded overnight, cleared and departed Wednesday afternoon for the return trip from Cienfuegos, Cuba. The Nelson arrived here last week to the Cuban molasses company.
A report from Fort Morgan on Thursday morning notes an unknown bark received for orders. The bark was later traced as having left for Mobile.
The Norwegian steamship Blue Fields of United Fruit Co. will dock here August 3, per information received yesterday from local manager T. D. Nettles.
The tugs Marion and Greenwood left the harbor Wednesday night. The Greenwood proceeded to Ship Island where an American barkentine and a foreign bark are ashore. The Ma ns departed for pointe on the upper ver.
The owners of the American schooner City of Baltimore request bids to tow the vessel from a Texas port to Houston. The ship carries phosphate rock and was caught by a storm while bound for Texas.
A July report from the North Atlantic notes a large tree about 25 feet long observed off the American coast. The sighting occurred near 86 degrees 50 minutes longitude and 27 degrees east latitude during a voyage along Transatlantic routes.
MONTGOMERY Alabama July 27 Special Governor Henderson today appointed a committee to plan a monument in honor of Governor William W Bibb first governor of Alabama The group includes Dr Thomas M Owen Ruth Cobbs A R Hardwick Jade Alabama Society Sons of the American Revolution Dr Josiah Graves Tyler Goodwyn and others from the University of Pennsylvania alumni and the Alabama division.
The probate court issued licenses Thursday for White James Dempsey Allen and Fannie Hudson J N Yuckers and Miss Jessie McCully. Colored Gus Clark and Orine badged Miles and Albert Smith.
On July 12 observers reported lat 40 61 and long 36 10 a lighted whistle buoy observed then seen to capsize the upper frame of the Bernaventura steamship Fitzzimons, indicating damage to structure and potential danger in the area.
Tug Nimrod under Captain W. C. Clarke works to raise the American schooner Elizabeth Doyle ashore on the west side of Blakely Island. Clarke believes the Doyle will be moved soon.
Notice of sale under a 1916 mortgage by Caroline Gordy and husband to Marshall FP Levy. In Mobile Alabama the property at Dauphin Street and Lawrence Street is described. Sale set for August 7 1916 at 12 o'clock noon in front of Mobile County Courthouse.
State and federal recruitment notice seeks able bodied men under 35 who are citizens of the state and of good character and health. Applicants must speak and write English. Information or applications available at Recruiting Office 108 St Francis Street.
Fragmentary text from a local listing shows a bookkeeper named W Lene with small business items on a street likely near Bell Street and a telephone contact. The readable parts suggest a classified notice or local ad.
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