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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Jun 01, 1916
Page
7
Market notes show cotton futures steady after covering on government sentiment and weather. July to December contracts rise about four points. Liverpool cash values weak with mixed futures. New York list includes strong gains for utilities and industrials as the market shifts.
Cotton receipts listed by railroads include 27 bales for Southern Railway Magnolia Compress Company and 1 640 bales for Louisville and Nashville Railway Transit, reflecting shipment activity.
In New Orleans the cotton market opened with a 3 to 4 point drop on weak cables but soon steadied as buyers sought government figures. By the end of the first hour the market was 2 to 3 points above yesterday's close with futures at July 12.53 and nearby quotes around 12.60s.
The Mexican situation again overshadowed trading at the open. Mexican Petroleum fell about 2 points while other speculative issues dropped. modest gains in Reading, Lehigh Valley, Great Northern preferred, United States Steel, Crucible, and Chandler Motors were wiped out within an hour as markets turned reactionary.
Turpentine firm trades at 38 1 4 to 41/2 cents with no sales and receipts of 7 385 casks. Rosin firm shows no gale and receipts of 1 803 barrels. Quotations list B and D at 4 85, E F G at 5, H 5 05, I 5 10, K 5 25, M 5 30, N 5 45, WG 5 55, WW 5 75.
Hogs show 17,000 head with active market. Bulk 9.75, light 9.05 to 9.75, mixed 9.40 to 9.80, heavy 9.40 to 9.85, pigs 7.00 to 8.80. Cattle receipts 2,000 head and steady. Native beef cattle 5.50 to 8.00, stockers and feeders 6.00 to 9.00, cows and heifers 4.50 to 9.80, calves 8.00 to 11.26.
Grain and provisions prices listed for wheat corn oats rye and barley with bid prices for No. 2 red and other grades. Provisions show pork lard ribs and prices. Cotton seed oil market closes firm with spot and futures figures and total sales of 19,200 units.
In inferior court Sid Williamson Richard Blalack and Frank Pearson pleaded guilty to violating the prohibition law and were fined 50 dollars plus costs. R. J. Williamson and Harry Puckett were convicted and fined 50 dollars plus costs, appealing to city court and released on 100 dollar bond. In chancery court six individuals were cited for injunction contempts and judgment pro confesso was entered as they failed to appear. Injunctions to be made permanent later. Injunctions against Etta Brown and J Dannenberg set for June 5 trial. J H McEvoy and John McNamara docketed for violating the prohibition law.
Mobile members of the Syrian Rose Association wire President Wilson to use influence to prevent contemplated massacres of Syrians by the Turks. The telegram, signed by M Kalifeh, requests assistance and support from all officials. The local order has 25 members, part of a central body in Hattiesburg Mississippi, with 5000 lodges nationwide sending similar messages.
The Norwegian steamship Nepos of the Ward line arrived after quarantine and began unloading 7000 bales of sisal at a Mobile pier from Progreso Mexico. The Nepos has previously sailed to Mobile from Yucatan with sisal. Also the steamship San Ramon arrived late Wednesday with a cargo of dye wood and is discharging at Theatre Street, to be loaded later, consigned to James Gibboney Company.
The Sadie C. Summer discharges dye wood at an upper Mobile and Ohio pier and will load part cargo here before finishing at St. Andrews Florida.
The Norwegian steamship Bluefields arrived at port late Wednesday with a large cargo of bananas for United Fruit Company. The vessel will sail back to Puerto Barrios with a similar load.
The Danish steamship Orkild departed with general cargo bound for South America, including Buenos Aires and Brazilian ports. The vessel carried an unusually large load.
The Norwegian steamship Karen will soon sail for Cuba carrying general merchandise and foodstuffs. She has just completed discharging a cargo of pineapples.
Local notice to mariners reports the missing Dredge Wreck Buoy since May 29 and its planned replacement. It also notes the Galveston North Channel Gas Buoy extinguished on May 29 and relit the same day.
A harbor list enumerates ships in port including San Ramon from Colon and various steamships and schooners. Vessels include Bluefields for Guatemala, Sadie C Summer for St Andrews Bay, Meltonian for England, Karen for Cuba, Yalton for Mexico, Emily 8 Malcolm for West Indies, William H Davenport for West Indies, Lizzie EB Dennison for West Indies, Carmela being rebuilt, Oscar G for Cuba, and Fannie Prescott for West Indies. Also Ollinger Bruce docks list Nepas and Oscar G.
Sylvanian a British steamship to load cargo for the British Isles Perceler a British schooner to load lumber for Cuba Albert D. Mills an American schooner to bring sisal from Yucatan Elizabeth T. Doyle an American schooner from Africa for repairs Carrie Strong an American schooner to load lumber from Cuba
Chicago June 1 announces that the Mark Manufacturing Company will start immediately the construction of a new steel mill at Indiana Harbor with a budget of $5,000,000. Clayton Mark, founder in 1889, remains its active head.
Senate advocates and opponents of Louis D. Brandeis's nomination to the Supreme Court stood ready for a final vote before day’s end as the chamber prepared to adjourn.
London reports Sir Ernest Shackleton and the Endurance crew endured extreme ice pressure and foundered off Antarctica. He and five others sailed 900 miles in a 20 foot open boat to reach South Georgia while twenty two men remained on Elephant Island. A Falkland Islands relief voyage is now planned.
Testimony in the case of Police Officers Dunn and Drago charged by Chief Van Liew with being with an alleged mob was taken by Mayor Lyons. The mayor will report to the city commission, which will act next Tuesday. Drago testified about being near the county jail the night of the trouble.
There is no opium or narcotic in Chamberlain's Cough Remedy. It may be given to a child as well as to an adult. It is excellent for coughs and colds. Obtainable everywhere.
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