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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Jun 08, 1916
Page
7
Prices fell in early trading with 7 to 10 point losses before noon. The market steadied in the afternoon as lower ocean freight rates and firmer shipments offered support. Spot cotton remained quiet with middling at 12.68 and sales totaling 680 bales. Major equities included American Telephone, U S Steel, and Southern Railway among others.
Cotton receipts show 1 466 bales total with exports from Weil Bros Bashinsky & Co Magnolia Compress Co and the transit total.
New Orleans on June 8 witnessed a shift as buyers from yesterday became sellers at the opening of the cotton market. Trade activity indicated varied sentiment as prices and demand adjusted early in the session.
Mrs. Owen Caruthers of Wabash Indiana faced a lengthy lingering cough after pneumonia four years prior. She reports rapid relief and cure after using Chamberlain's Cough Remedy and recommends it as readily available.
Cotton spot prices steady with good middling at 8.65d and middling 8.49d. Sales reach 8,000 bales with 1,560 for speculation and export. receipts total 2,100 bales. futures ease with July-August 8.08½ and later contracts listed.
Chopped data show hog receipts 15 000 head with broad ranges by grade while cattle at 3 000 head stay steady and sheep at 18 000 head also steady. Closing stock list includes Allis Chalmers American Beet Sugar and American Can with mixed values.
Washington June 8. Agriculture department release lists forecasted totals for major crops based on June 1 conditions. Winter wheat 469 million bushels, spring wheat 246 million, oats 1.265 billion, barley 189 million, rye 44 million, apples 72 million barrels, peaches 42 million bushels.
Two elevated trains on the Third avenue line collided this afternoon in New York. A fire broke out in the wreckage and reports said several passengers were killed with initial tallies of about a dozen dead and forty injured. Ambulances and fire crews rushed to the scene to fight the blaze.
The Sunday school of the Baptist Tabernacle Church will hold its annual picnic Friday at Monroe Park. Members meet at the church at 8 15 and ride cars from the Government and Claiborne streets corner. A large turnout of children and adults is expected.
Washington reports that arbitration of U S Mexico disputes through an international commission is under serious consideration by administration officials. If adopted it would be sent as the United States answer to General Carranza and would involve equal American and Mexican commissioners under the 1848 treaty.
The text discusses withdrawal of American troops from Mexican territory, indemnification for lives lost and property damaged, Vera Cruz revenues held in the United States, and claims arising from the Vera Cruz incident. It notes long standing boundary disputes and a proposed arbitration plan possibly meeting in a South American country, with unclear White House decision and reference to the 1848 treaty.
William Richardson Charles Edwards and Charles Smith paid fines of 50 dollars and costs in the inferior criminal court for violating the prohibition law. Edwards and Richardson pleaded guilty while Smith initially appealed then paid the fine. Farrone Smith was jailed on a prohibition charge after deputies found liquor at 232 Davis avenue. Police raiders also found five bottles of beer behind 11 North Royal street with arrests expected.
Roy Wilson was found guilty in the inferior criminal court of entering and robbing a boarding car of the Illinois Central and Northwest railroad. Willie Walker testified that Wilson and James Daughtery robbed the car and took clothing, money, and property. Wilson is held to the city court on $250 bond. Daughtery, under 14, sent to the juvenile court.
The Mobile Travelers Association will host its annual meeting Saturday night at the Cawthon Hotel. They will elect officers for the coming year and name committees for Preparedness Day and Travelers Day at the Gulf Coast Fair.
The American steamship Corozal of the New York and Porto Rican Line sailed this morning with a general cargo bound for Porto Rican ports. She arrived here on the regular monthly voyage of the Mobile Porto Rican line.
Announcement states the 1 448 net ton Henry W. Cramp schooner will come to Mobile from Rouen France for general overhauling. She will load cargo at a gulf port destined for Italy.
The Mexican schooner Yalton, arriving about ten days ago with a cargo of dye wood, will be moved to the Loulaville and Nashville docks to discharge. The cargo will then be sent to New York via the Mallory Line.
The American schooner Rena A Murphy loaded with lumber by Bahamas Timber Company sailed this morning toward Sagua la Grande Cuba. The vessel plans to return to Mobile after the voyage.
The Hunter-Benn Company announces that the Russian schooner Seemel and the Russian ship Grace Harwar are bound to Mobile from Genoa to load lumber here.
The yacht Yoskin owned by Pearson interests in Mexico arrived in the bay this morning for extensive overhauling.
In Port Crathens the steamships and schooners listed sail and dock at various piers or docks. Vessels include Behemon from Central America to Pier 1, Fort Gaines for Harrison T Beacham, Paloma to Cuba, Dilia from Haiti, William H Davenport to West Indies, and Oscar G to Cuba. Some vessels undergo rebuilding or sale.
Perceler Br schooner to load lumber for Cuba. Albert D Mills Am schooner to bring sisal from Yucatan. Carrie Strong Am schooner from Cuba to load lumber. Oranian Br steamer from Liverpool to load for British Isles. Sylvanian Br steamship here for general cargo.
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