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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Jun 07, 1916
Page
9
Cotton prices rise modestly at New York and Liverpool sessions with spot firm. Week's crops weather and forecasts influence futures while Wall Street sees mixed moves with gains in Norfolk & Western and Reading, while several industrials retreat.
Records show U S port receipts for the four days this year and last year with figures for imports from Great Britain and Canada and for exports to Great Britain and Canada. Stock levels are listed as of the day, with cumulative receipts since August.
The record lists bale counts by consignor and route: Steamer City of Mobile Magnolia Compress Co. 244, Weil Brothers 15, F. M. Ladd & Co. 5 totaling 264. By L and N R R Weil Brothers 62, Baghinsky & Co. 3, Magnolia Compress Co. 9, transit 1 totaling 175 bales.
New Orleans reports steady cotton trading as traders cite good cables and fears of rain in the cotton belt. Early action shows a net gain of about five points from yesterday, with prices 7 to 8 points higher at the peak of the morning after the first half hour of trading. Weather reports this week influence sentiment.
Daily low rate round trip tickets available under a long limitation from Mobile to Healing Cullom and Bladon Springs. Depart from Union Station daily at 6 15 a m.
Spot prices listed for June to December range from 9.08 to 11.20 with steady tone. Daily sales reach 7,500 barrels as buyers and sellers reflect current demand and near term availability.
In Medan Sumatra on June 7 Americans and Japanese push to control former Far Eastern markets. Japanese dealers, once near bankruptcy, have secured Singapore capital and built wholesale and retail trade. They now haul in cement beer and other goods with strong sales. American goods appear in European stores including shoes socks and cotton items and command higher prices but are valued for quality.
The Baymen's Benevolent Association calls a special meeting at C. T. C. Hall Mobile on Thursday evening June 8 1916 at 7 30 attended by officers and members for important business. President JOHN J. SULLIVAN recording secretary.
Montgomery testifies that Louisville and Nashville favored a prohibitory rate on crossties to conserve ties for own use. The Advance Lumber Company suit seeks lumber rates on crossties, with witnesses noting small rate differences and water competition lowering lumber rates. The Alabama Public Service Commission hears combined cases from Southern and allied lines, Seaboard Air Line, and Advance Lumber seeking higher or equivalent rates on crossties.
Vienna reports Turkish sources asserting that the British Irak expeditionary force suffered extensive losses through mid May. Estimations include 190000 killed wounded and prisoners, plus earlier figures from battles such as Menilahie and Sheik Said with thousands killed and wounded.
The American schooner Rena A Murphy finishes loading lumber at Bahamas Timber Company docks and is ready to sail for Bagua Cuba this afternoon or tomorrow morning. Captain Henderson expects a return to Mobile. Captain Ernest Richards, former owner of Louise M Richards, visits Mobile from Pascagoula with Claude Delmas. The Elisabeth T Doyle, three months out from Portuguese West Africa, arrives in the lower bay for repairs after a stop at Ponce Porto Rico. The coal barge Harry Morse, towed from Cuba, will load another cargo of coal for Cuba. The Norwegian steamship Corinto sails to Central America with a partial coal cargo for United Fruit and bananas aboard.
List of vessels in port including steamships and schooners bound for Central America Cuba Mexico West Indies and Puerto Rico with berths at various piers. Col R V Taylor of Mobile and Ohio Railroad returned from New York and left for St Louis on business.
Executor announces all claims against the Lucy M Spear estate must be presented within the period required by law or be barred. Letters testamentary granted May 23 1916 by Judge Price Williams of Mobile County Probate Court Alabama.
Classified notice announcing rooms and board with light housekeeping available. Contact Louis Wink at Bell phone 1657 for details about the rental at 406 Church Street.
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