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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Jul 28, 1916
Page
9
The Mobile market shows steady activity with spot cotton quiet at 13.80 middling upland and prices easing after early gains. October at 13.32 and January 13.37 reflect cautious optimism amid good weather ahead and heavy receipts of 1,461 for today and 7,242 for the season so far. Cotton seed and related commodities price movements noted with firm seed oil and various grade quotes.
In New Orleans on July 38 the cotton market advanced early then steadied with small offerings meeting gains. By noon prices were up five points, active months 7 to 9 points higher at 1:30. Middling at 13.18 with receipts 1361 and stocks 122408. offerings light and market steady.
Liverpool July 28 spot cotton prices establish strong levels with good middling at 8.15 and low middling at 7.99. Sales reach 4 000 bales with 400 for formation and export. Futures quiet with numerous forward pairing quotes across May to July and into next year.
New highs in the cotton market as spot houses and local shorts push prices higher. Oct advances to 13.30 and Jan to 13.53 after an initial 2 to 4 point rise, then ease on speculative rain concerns from a gulf disturbance. Reports show declines in Carolina and Georgia condition ratings, with eastern belt averaging around 7 points poorer.
New York July 28 stocks moved in an unsettled, choppy pattern with gains in Sears Roebuck and several war era issues while shipping shares sagged. Midday strength in United States Proving and Atlantic Gulf moved market before Alcohol declined sharply, final prices steady with leaders in Standard shares, motors and metals.
Hog receipts reached 14 000 with prices 9 55 to 10 15 for most grades and sewages at 9 60. Beef cattle receipts 2 000 with West steers 6 75 to 8 60 and cows and heifers 3 50 to 9 25. Sheep and lambs receipts 13 000 with prices 6 90 to 8 30 and 7 15 leather lamps.
Wheat and corn prices listed with grades and bid figures for No. 2 red, No. 2 hard, and No. 3 hard wheat. Corn No. 2 BS bids shown in fractions and decimals.
Turpentine firm shows receipts 295 with no sales. Rosin firm reports receipts 1,389 with no sales. Quotations listed for grades K to WWW and WG at 6.00 to 6.80, reflecting market activity in Savannah on July 28.
The schooner Elizabeth T. Doyle was freed from Blakely Island and towed to Gulf Dry Docks for unfinished repairs. The Munplace cleared for Havana with general cargo. The Karen of Munson line will make three port calls in August and September, loading and unloading general cargo. City Tampico of Munson line also sails in August for Matanzas Havana and Ie Bay with merchandise.
The vessel Munplace is scheduled to sail from the port on August 22 for the Munson line heading to Santiago and Cienfuegos in Cuba. It will carry a merchandise cargo.
The steamship Hiena of the Munson line is scheduled for this port in August. She will sail August 25 for Buenos Aires and Rosario in Argentina and Montevideo in Uruguay.
Two Leyland steamers Median and Napierian are due in August, loading for the United Kingdom. The Maclay line will also sail twice from this port during August. Leyland ships carry cargo to Glasgow, Scotland, and Mad steamers load for Glasgow.
The Orr Laubenheimer Fort Gaines is due August 3 in a cargo of bananas from Belize. The vessel sails on August 6.
The American steamship Alamo is scheduled to arrive Sunday at Mallory tne. The notice notes the ship's anticipated docking and timing for local readers.
A daily memorandum notes multiple derelicts and wreck observations in the North Atlantic. July 22 a derelict was picked up, July 23 a waterlogged British schooner Albertha near Stone Horse shoal, and a derelict barge was seen at lat 42 6 and lon 63 24. July 16 a large log with marine growth, and July 23 a wreck with masts protruding about 15 feet. The steamer Admiral Sebree reported seeing the wreck on July 19 at lat 27 23 2 and lon 74 24 7. Additional buoy noted July 13 near lat 35 55 lon 60 42 and a second buoy near lat 29 44 lon 66 50.
The Senate endorsed about 700 million dollars for national defense for the 1917 fiscal year, with total preparedness near 685.35 million after allocations for Navy fortifications military academy and deficit cover. An amendment for dependent families of enlisted men was set at up to 50 dollars monthly. The measure exceeds the House total by approximately 131 thousand dollars and faces further conference revisions.
Local notice to mariners notes a 60 foot log ramming near Panama City and a 4 foot diameter barnacle covered log. It reports light extinguished with irregular whistle sounds, and details a temporary beacon at Mobile point light due to a remnant old structure.
PISTOLE entered into rest Thursday July 27 at 8 30 p m Mrs Minnie Pistole and ate Gaines Pistole in the seventeen of her age Funeral from her late residence 211 Scomb Street Saturday at 4 00 o clock 3 church of ase waeme Interment in Magnolia
Washington reports foreign trade reached a historic peak with a 2.136 billion dollar surplus in favor of American exporters. Exports totaled 4.384 billion, imports at 23.198 billion, doubling last year's balance and quadrupling 1914 figures, with exports up by 1.5 billion from the prior year.
British forces claim clearance of Delville Wood from German lines as Russian troops advance in Volhynia and other fronts. Italians gain ground in the Dolomites near Monte Colbriccon while Austrian counterattacks are repulsed.
Meridian Mississippi July 28. As a result of a collision between two automobiles Wednesday night 8 8. Smith is in an infirmary suffering from two broken ribs and a number of bruises. He was in a car with several others and the vehicle was driven by a young lady.
In Chancery Court cases numerous orders publish testimony submitted on pleadings and proof. Decrees pro confesso issued in several matters while others receive additional time for answer or reset for July 29. A divorce granted in Hobbs v Hobbs and several motions docketed for Browne Circuit Court on Saturday.
Quiet front room available in private residence on Gaust N. Joachim Street. Suitable for a couple or two employed individuals for weeks. Contact phone 449-2.
A. G. Ward announces Auto Owners should have the carbon scraped valves ground and carburetor adjusted on Ford for 3 50. Auto Ty Co offers expert mechanical and electrical work open day and night. Bell phone 326 708 Bt Michael street between Jackson and Claiborne. Jos L MacKay manager God Utt.
Notice announces the National City, located in Mobile Alabama, is closing its affairs. Creditors and holders must present notes and claims against the association for payment to president C Hughes. Dated Mobile March with multiple year stamps listed.
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