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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Mar 17, 1913
Page
8
The week opens with mixed quotations from firms and steady tones in New York while weather remains fair in many areas. Liverpool is expected to drop sharply before any substantial gains, with Cotton Belt showing generally fair conditions and sporadic attendance at today’s local event.
Mobile Exchange shows Sterling at 4.813 4.82 with 75 cent discount on New York sight. New Orleans sight at par. Mobile Freigee rates include Liverpool 46 cents, Havre 56 cents, Bremen 48 cents, Manchester 46 cents.
New Orleans Mobile and Chicago export compressed goods listed with bales and firms such as Touart & a4 a Bros and Bevill-Phillips Co. Total bales noted for Mobile and Ohio export and steamer Selma trade. Campaign appeal urges saving labels and slips for The Item's $4,000 selling drive.
Chicago wheat and corn futures opened lower on oversold conditions before partial recoveries. May wheat traded around 88 cents, May corn eased to the 61 cent area, later rebounding. Provisions fluctuated with pork about 20.70, lard 10.67 and ribs 10.80, while outs weakened on liquidation.
The note describes fair butter trade and steady fish market receipts of trout and perch. It mentions fragrant produce and scented stocks, clerical staff huddling by the stove, high lemon prices, rising sugar receipts, and eye wholesale quotes at 17 1 2 cents.
Cotton prices in New Orleans show a modest uptick early but drift dull as forecasts of frost damage spread from Texas belt. Reports indicate light frost overnight in the belt, while favorable weather elsewhere limits demand. midday prices pull back and futures close slightly lower on the session.
March through January contracts moved from modest advances to losses as selling rose with clearing South weather. market steadied by afternoon with cotton spot prices quiet at middling uplands 12.60 and middling gulf 12.86. totals show 1,400 bales sold and steady overall tone despite mixed intraday moves.
Liverpool market summary shows quiet spot cotton with American middling at 7.47 and good middling 7.13. Sales reach 7,000 bales with 1,000 for speculation and export and 6,600 American. Futures open steady and close steady with varied intra-month spreads.
The American Naval Stores Company suspended operations amid government anti trust prosecutions. creditors’ meeting set for March 21. president Nash reportedly in Europe. Supreme Court review scheduled for the criminal case. civil action to dissolve the trust in Macon, Georgia. Local offices reported no notice of the suspension.
A fragmented newspaper market sheet lists prices for fruits and vegetables including apples, celery, dates, cranberries, grapes, lemons, oranges, potatoes, onions, and pineapples. Several items show none on market or varying crate and pound prices, with occasional typos and garbled text.
W C Stringfellow a New Orleans attorney wanted in Baton Rouge Louisiana on embezzlement charges eludes arrest. Deputies from Baton Rouge arrivedMobile with gubernatorial requisition papers to take him into custody. Doctor Mastin deems travel dangerous and medical exams are requested to decide if bailiff supervision is needed until he can travel.
O C Armstrong president of the William R Moore Dry Goods Company says plans are underway to reorganize following the appointment of receivers. The Memphis firm reports net assets of 2.1 million dollars, liabilities of 1.65 million, and capital stock of 600 thousand, with business growing by over two million in two years.
International News Service reports eleven year old Francis Enstrom, frozen in a blizzard near Anaconda, adorably recounts his tale from a cot in his West Galena alley home. He describes climbing a tree to escape a mountain lion while wolves bayed and the storm raged. He reflects on his cold extremities and survival until dawn.
Wicket up. The Tombigbee river will not change much and the Black Warrior will fall the next two days. The Alabama at Montgomery will rise slowly until this afternoon or tonight then fall. At Selma it will rise until Tuesday afternoon or night and reach about fifty feet. Albert Ashenberger, Local Forecaster, Weather Bureau.
Forecast advises protection against 32 degree cold for 36 hours for shipments north and 38 degree exposure for east and west routes. Contains practical temperature thresholds for freight safety across regions and directions.
Watters W. Pope a Mobile meat dealer bookkeeper was arrested in Houston Texas on embezzlement charges. Davis claims Pope stole 650 with accounts showing a shortage between 360 and 700 after he vanished February 28. Pope a member of a prominent Anniston Alabama family had lived in Mobile two years and will return without requisition papers as officers pursue him tonight.
The Supreme Court issued a temporary restraining order preventing Postmaster General Burleson from enforcing the newspaper publicity law while its constitutionality is reviewed. The injunction follows Robert C. Morris of the New York Journal of Commerce challenging the act, which would penalize newspapers that fail to file statements.
A wave of cold air with clear skies drifts over Tennessee and the eastern half of the country. Temperatures are near freezing as far south as Meridian Mississippi with light frost along the east Gulf coast. A high pressure system extends from the Pacific to the Dakotas bringing rain and milder conditions on the north Pacific coast.
Turpentine firms in Savannah report no sales today. Receipts total 122 casks for turpentine and 270 barrels of rosin. Quotations show bids from B to WG with prices ranging from 5.70 to 7.85 per unit. no sales completed.
Cargoes of merchandise fruit and bananas arrive aboard the American steamship Comal and Norwegian Bertha and Agnesla from New York Havana and Puerto Cortez. Other vessels depart for New Orleans Havana Colon and Puerto Cortez as the Fairmead sails with ties and pig iron and Florence M Penley is due to load lumber.
A Victorian medical ad urges women to address backache headaches nervousness and sleep loss by using Foley Kidney Pills. It claims relief for various kidney and bladder ailments and notes the product is non habit forming and toning. Van Antwerp Co.
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