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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Jun 29, 1913
Page
10
A historical snippet lists bank demand figures for New York and mobile markets, with 60 day terms and sight discounts. It mentions Cotton per 100 lbs at spot forward Liverpool and references Bremen liner tramp rates, highlighting irregular figures and place names.
New Orleans June 28 cot ton spot quiet and unchanged middling 12 5 8c. Spot sales on the spot limited, to arrive 21 bales. The market closed barely steady with little movement, open high low and close figures shown for several futures months including January March July August Sept October and December.
Liverpool cotton market steady but dull with spot middling fair at 7.34 and good middling 7.00. Sales total 3 000 bales including 1 500 American. receipts 5 000 with 4 800 American. Futures closed barely steady with a sequence of monthly forward quotes from June to May June 6.56 and 1 2, May-June 6.21 1 2.
New York money on call steady with time loans at 60 days eight and a half percent and 90 days three and four tenths. Sterling exchange steady with bankers bills at 4.83 10 for 60 days and 4.86 76 for demand. Clearing house loans $1,922,657,000 up $28,493,000. net deposits $1,791,801,000 up $28,980,000. excess reserve $35,272,250 down $8,587,400.
Cash and futures price report for wheat corn and oats across Chicago St Louis and Kansas City. Includes No 2 red and hard wheat No 2 white corn prices and futures for July September and December contracts.
New York reports unsettled butter with 9406 boxes receipts and creamery extras 26 1 2c. Cheese weak with 4030 boxes receipts. Milk specials 14 5 8 to 14 3 4c. Chicago notes weak butter 23 1 2 24 to 26c and eggs unchanged with 14847 cases receipts. Potatoes lower at 80 90c, 60 cars receipts. Kansas City says butter eggs and poultry unchanged. St Louis lists poultry at 12 1 2c springs 21c and fowl ducks 14c, geese 10c.
The Chamber of Commerce releases quotations on current produce prices indicating market directions and value. Officials cite steady demand and regional price trends affecting vendors and shoppers.
New York June 28 Union Pacific led a strong stock market close supported by government railroad talks. Despite a cautious session with near standstill trading, Union Pacific rose to its highest level in over a month after Washington reports suggested a settlement between railroad attorneys and the government.
Turpentine firm 361 2c with 100 casks sold and 1 138 casks receipts. Rosin firm sales 272 barrels and 2 227 barrels receipts. Quotes show prices for grades B D BE F G I and others with N W W and Ww W indicating varied level bids and gains.
The 1912 cotton crop reached 14,090,863 running bales with linters included, the second largest on record. Output in 500 pound bales totaled 14,313,015, down 11.9 percent from 1911 but up from 1910. Texas produced nearly a quarter of world demand while upland varieties dominated the yield amid boll weevil pests and variable regional results. The estimated seed crop reached 6,104,000 tons with 75 percent used by oil mills.
The port welcomed multiple ships including the British barkentine Ethel Clarke arriving under full sail from Havana and anchoring without tug assistance. Bananas from Grib and Viator for United Fruit dominated the docks as other vessels including Fort Gaines and Fjell prepared to sail for Central America and Puerto Cortez. Local launches and river steamers carried passengers to nearby resorts as weekend crowds watched nautical activity.
Louisville cattle receipts 200 head with a slow market. Hogs 900 head steady with a 4.00 to 8.50 range. Sheep 450 head steady to slightly lower. lambs down 1 1 2 cents. fat sheep 41 4 cents lower.
Raw sugar firm with muscovado 2.89 and centrifugal 3.39, molasses sugar 2.64, refined sugar steady. Coffee Rio No. 7.95 8¢. Futures steady with July at 9.40 and December at 9.84.
Grain trading was moderate in Chicago with buying at the open as hot dry weather spurred demand and a local house urged closing trades. Wheat faced some bear pressure later on, with closes down about 1 to 4 cents. Primary receipts were large, signaling farmers seek to move surplus before new crops.
Demand for old crop cotton deliveries stayed firm with a steady close and mixed price movements. July and August rose modestly while other months slipped. near-term buying supported a steady undertone as traders guided by a cautious review of global conditions and forthcoming June crop data.
James Williams was arrested early Saturday by Patrolmen Speth and Brannan and held as a dangerous character. He had 25 chickens split between two sacks and claimed he raised them himself. Williams was arraigned and the case continued to July 1.
Attorney General McReynolds capitulated to the House Judiciary Committee by turning over all communications between the Justice Department and former District Attorney McNab of San Francisco regarding the Caminetti McNa case. President Wilson exonerated McReynolds but ordered prosecutors to proceed with the white slavery charges. McNab’s resignation was accepted and no replacement district attorney will take up the case.
Sid Ryan and J R Booth of Prichard rode a taxicab for three hours then refused to pay $90. Police charged them with defrauding a public vehicle a misdemeanor. Both worked at Barker Cotton Mills. Booth is new to Prichard. A hearing before Recorder Eding is set for Monday morning.
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