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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Jun 08, 1913
Page
11
The Mobile market closed nominal with no sales while exports day totals rose to 3,272. New York futures stayed steady as spots were quiet, and New Orleans and Liverpool markets also closed steady with quiet Liverpool spots. Grades and prices for Ordinary to Good Middling are listed with minor declines noted for certain grades.
The report shows demand bank rates for Sterling-Mobile and commercial segments with New York quotes around 4.82 to 4.86 and 5.22 in various days and terms. It notes New York commercial sight at a 75 cent discount and New Orleans commercial sight at par.
Liverpool reports quiet cotton spot trading with steady prices across grades led by Middling Fair at 7.294 and Good Middling at 6.91d. Sales reach 6,000 bales including 4,100 American, receipts 200 American. Futures open dull and close steady with the season’s price quotes from Jun to May-Jun at multiple 1-20 to 1-2d deltas.
Cash markets report grain prices across three hubs. Chicago lists wheat and corn with various No 2 grades and dwarf values. St Louis shows cash wheat and corn ranges. Kansas City notes No 2 hard and red wheat and mixed corn with price quotes.
Close prime mercantile paper 51 2 per cent. Sterling exchange firm at 483.15 for sixty day bills and 486.85 for demand. Commercial bills 482 3 4. Bar silver 59 5 8. Mexican dollars 48. Government bonds firm. Money on call nominal. Time loans stronger with rates from 4 1 4 to 6 1 4 percent depending on term.
The New York clearing house banks and trust companies show 29.99 million dollars in excess reserves, up 2.78 million from last week. Loans declined 10.9 million to 1.904 billion. specie rose 0.84 million. net deposits fell 11.03 million. total aggregate cash reserve sits at 425.02 million.
Chicago and Kansas City report butter eggs and poultry unchanged with steady receipts. New York notes steady butter cheese and eggs with large case counts. Old and new potato prices in Chicago show old firm and new lower through steady receipts.
International News Service reports limited demand but overall strength as near months edge higher and July August options loom. Bears are encouraged by favorable crop advice while the South holds back bids. New York stock remains tight with crowding on short positions. Dry goods mills show booked orders and record Western business as buyers await grain and food crop developments.
Wheat prices face selling pressure from large short positions despite favorable Kansas crop news. Open interest in Chicago July and September futures remains enormous as traders cover only on price dips. Harvest advances in Kansas threaten further losses, while corn and oats hold due to late planting and poor conditions.
New York June 7 prices fluctuated through a short session and closed slightly lower. Canadian Pacific weak on Berlin selling. Amalgamated Copper and several others showed gains while majors like Atchison and New Haven were flat. Bank clearances rose 32 percent year over year, and time loan rates held firm with six month loans at about 5 percent.
Four graduates of the Academy of the Visitation will receive diplomas at the eightieth annual exercises Tuesday July 17 at 4 pm. Other nearby institutions like Spring Hill College hold closing events in Mobile with diplomas and a principal address.
Mrs. C. N. Johnson of Whistler Alabama cultivates Bermuda onions on about half an acre near Mobile, selling to brokers and retail buyers after impressing with quality. She followed county agricultural guidance and personally handled grading and packing to win a premium despite Texas onions flooding the market.
Metals dull in New York with copper nominal and iron unchanged. In Savannah turpentine firms hold at 35 1/4 cents with 848 casks received and 4,741 shipped. rosin firms with 2,610 barrelized units received and 1,800 shipped. Prices cited include B 4.00 D 4.35 E 4.60 and WG 6.45 among others with varied grades and futures.
Pettick Lawrence and several WSPU members including Mrs. Lawrence Mrs Emmeline Pankhurst Christabel Pankhurst and Mrs. Mabel Tuke were condemned by the King's Bench to pay 1840 damages in a suit by West End shopkeepers for window smashing during suffragette raids.
Miller Reese Hutchisson chief engineer at the Edison laboratory Orange New Jersey and representative of Thomas A Edison visited his alma mater Spring Hill College on Thursday afternoon. He was greeted by faculty and students, who gave fifteen rah rahs. He called the visit the most pleasant feature of his trip and hoped to repeat it next year. A faculty member praised him as a simple unassuming distinguished inventor with affection for his aging parents who accompanied him. The college extends heartiest congratulations to its loyal alumnus Ad Multos Annos.
A Texas Wonder claims to cure kidney and bladder troubles dissolving gravel and curing diabetes rheumatism and irregular kidney bladder function for men women and children. Priced at $1 per bottle with two months treatment and mailed if not sold locally. Alabama testimonials requested. Dr BH W Hall St Louis Missouri. Sold by druggists.
A detailed cost ledger accompanies a crop sold in bulk to save crate and packing costs. Items include fertilizers, manure, hauling, drayage, and conversion expenses. Revenue shown: 60 crates at 80 cents, 1 crate at 1.60, 60 crates at 75 cents, 11 bushels at 60 cents.
The Helen Moore may be moved from Vicksburg to Mobile Montgomery trade. Capt John M Smith visited Mobile and New Orleans to oversee the change. Norwegian ships Trym Harald and Fort Morgan active with cargoes to Cuban ports and Panama. The Bay Steamship Co issues 1913 summer schedule for Mobile routes with James A Carney and Pleasure Bay services. Fort Morgan exports 66 drums of gasoline to Panama.
In Youngstown Ohio on June 7 Giuseppe Pomaro aged 35 was arrested for sending a blackhand letter to President Wilson demanding 5000 dollars. He admits guilt saying he only wanted the money. An army officer notes the remark as a leave of absence interpretation.
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