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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Mar 05, 1913
Page
10
Cotton receipts and market activity show downward pressure with small bales moving on Louisville Nashville and Mobile and Ohio lines. Traders note better disposition to sell among spot holders while new Wilson cabinet appointments fail to move prices.
A compact report notes Sterling commercial at 4.8254 with 4.82 percent, New York sight marked as commercial with Tic dis, and New Orleans sight listed as commercial at par.
London report states Ella Stevens alias Ethel Slade, described as a militant suffragist, received a nine month prison sentence after placing a glass tube with fluid phosphorus in a letter box. The act is depicted as a protest incident tied to suffrage militancy.
New Orleans cotton futures opened steady with a 2 to 4 point decline as selling through commission houses pressed the market. Cables offered limited support while weather forecasts fueled short selling, leaving spot cotton unchanged at 12 1/2 cents and the day closing 7 to 8 points lower.
Cotton futures opened steady with a 1 to 4 point drop under weak cables. Trading showed switching activity and prices mostly below yesterday’s close. By midday notation was near unchanged and later afternoon sessions slipped 12 to 15 points. spot markets quiet with middling upland 12.70 and middling gulf 12.95.
Money on call eased to 2.38 448 percent with ruling 2 3 4 percent and closing 2 1 2 percent. Time loans eased to 4 1 2 percent for sixty days and 4 1 2 3 4 percent for ninety days. Sterling exchange firm with bankers' bill at 4.83 75 for sixty day bills and 4.87 85 for demand. Government bonds steady. railroad bonds irregular.
Market resume shows slight reaction with dull butterine and uncertain causes. Tomato demand remains evident as 200 cases mostly sold leaving about ten. Eggs cheap at 20 cents a dozen wholesale. No cold storage eggs available. Crab receipts steady with high demand and 36 hour shelf life. Grocers eye condensed milk shipments for unknown use. Question about last turkey on market.
Active buying steadied declines in wheat while corn and oats rose. May wheat opened around 91 and hogs traded near 20.42 to 20.45 with pork and lard prices shown for May and September contracts.
Prices turned upward today with advances of 1 to 2 points across speculative favorites. Bear traders retreated as buying orders grew and rumors on earnings dividends and government prosecutions caused swings in tobacco stocks before the market closed steady and slightly lower in late trading.
Port activity eased Wednesday after nine vessels entered earlier. Hoyle Sank arrived Tuesday night chartered for Munson South American line. Harald carried cananas from Puerto Cortez. Bertze from Livingstone with cargo and five passengers. Pamelia and Mincio arrived. Marjorie Spencer sailed for Cuba. Agnella departed for Puerto Cortez with bananas.
James Joseph Corcoran theatrical manager dies in Biloxi Mississippi after a long career including Dukate Theatre Biloxi Monroe Park Theatre and New Orleans venues He was charter member of New Orleans Lodge No 30 BPOE survived by his wife and mother funeral Wednesday at 3 pm Nativity Church Biloxi with burial in Biloxi cemetery
News reached Mobile of the death in Turnerville Alabama of Mrs Martha A Foster wife of William Fleet Foster aged 73 She was a Perry county native and longtime Turnerville resident known in Mobile Surviving are brother W T Vanderslice and sister Elizabeth Vanderslice Funeral service was held at the family home with interment in Turnerville cemetery.
Susie A Nelson widow of James H Nelson died at 6 am Wednesday at 221 South Franklin after a lingering illness. A Mobile native aged 48 she is survived by a sister and other relatives and died fortified with Catholic rites.
Mrs George McLain entertained Miss Claree Kopp and Miss Florence Davis of Detroit at a theatre party and supper. Domingues da Silva with wife and son from Lisbon, Portugal, arrived in Mobile and are guests at the Cawthon Hotel. F Rush Smith of Pensacola, a prominent resident, arrived in Mobile to visit friends.
Closing in Liverpool shows quieter spot market with price declines across grades. American middling fair at 7.39 and ordinary 5.97, with 8 000 bales sold including 500 for speculation and export and 7 600 American. receipts 3 800 bales, no American. Futures opened quiet and closed dull but steady with nearby values around 6.58 to 6.20 across months.
Low pressure centers over the upper lake area and Atlantic states bring rain or snow, while a high pressure ridge from the lower lake region to the gulf coast yields fair, cold weather. A western high pressure area near Mobile is expected to drift eastward for fair conditions tonight and Thursday with little temperature change. Albert Ashenberger, local forecaster, Weather Bureau.
The note outlines maintaining temperature safeguards for 36hour northbound shipments and 38 degree east and west routes. It emphasizes strict climate control to prevent spoilage.
The Mobile scouts led by Commissioner R. E. Daly held an oyster supper at Vineyard Cafe, marooned into the venue and saluted with taps as the crowd cheered. A body found in the river near Canal Street was buried at Potter's Field, described in The Item. W. J. S. Burner named general superintendent of the Alabama Tennessee and Northern Railroad, headquartered in York, Alabama.
Temperatures measured at 7 a m. were released by President Cochrane noting a new general superintendent role to boost railroad efficiency. A $500 bond was posted by George Cook, held in county jail since December on federal postal law violation charges. Cook is from Monroe county and linked to Missouri Kansas and Texas Railroad work.
Government charges that Cook received a money order while visiting Century Florida. The dispute over funds led to warrants for Embezzlement and Assault and Battery, but both men were discharged after settlement before court. A mobile county fire lightly damaged a frame dwelling at 718 Palmetto Street owned by Dr. A Festorrazzi and occupied by J C Blalack, caused by sparks.
Five men including the foreman died and twenty five were injured when a premature dynamite explosion rocked a Santa Fe construction gang at Keen Brook. Rescue parties worked through the day to reach injured workers and secure the blast site.
Assessments Nos 311 and 312 are due by March 31 or suspension will follow. The Harrison Mutual Burial Association urges members to join the March push, increase membership, and recruit lapsed individuals to gain strength and protect loved ones.
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