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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Mar 19, 1913
Page
10
The report notes mixed signals with New York and New Orleans markets steady and quiet while French rentes slip. Anticipated census-driven short covering and a possible rise to eleven cents suggest potential intraday moves, with cautious tone about bulls requiring a telescope to locate.
March to December contracts rise 4 to 9 points in first half hour as demand appears strong despite bearish talk. Weather forecasts for rain in western and eastern belts support prices while wet soils in Alabama and Georgia raise concerns. Spot demand improves, and trading months show morning gains.
Cotton futures opened down three points but traded about six to seven points higher on covering before the weekend. Activity remained muted with some support from trade sources as rains in the belt loomed, sending shorts nervous while steady spot markets lent a cautious tone.
New York reports money on call easier at 3 1/2 to 5 percent with ruling rate 4 1/4 to 4 1/2 percent. Time loans range 5 3/4 to 5 1/2 percent with sixty to ninety day and six month terms. Sterling exchange steady around 4 82 3/4 to 4 87 1/4. Government bonds steady while railroad bonds show weakness.
Market activity shows little movement in the wholesale district with high river water producing mud cats in fish receipts. Eggs see rising telephone orders, while demand outpaces supply. Prices run 17 to 20 cents a dozen wholesale. Good Friday observances and a fasting week contribute to a grocery slump. Large poultry rows on sidewalks await transport, reducing local supplies. Cuba pineapple arrivals are scarce.
Liverpool notes show spot cotton steady with American middling fair at 7.45 and good middling 7.11 as sales reach 7,000 bales including 6,500 for speculation and export and 6,600 American. Receipts total 2,000 bales with 900 American. futures opened quiet and closed steady. Weekly stats report imports 27,000 bales, American imports 14,000, total stock 1,352,000 with American at 1,186,000. exports 4,100 bales.
A list of cotton bales associated with several carriers and firms. New Orleans Mobile and Chicago Railroad shows 29 bales. Southern Railway Co. reports 139 140 with Ladd Bevill-Phillips Touart Quinn totals. Louisville and Nashville 158 Baker-Lyons 2. Mobile and Ohio 107 Farmers' Commission 3. Steamer Mary S Blees Demopolis totals 11 with multiple consignors.
A stock list shows figures for many companies including Amalgamated Copper 68 1 8, American Beet Sugar 72 6, American Cotton 43, American Smelting 65 7 8, General Electric 136, Reading 155 3 8, Union Pacific 147 5 8, United States Steel 59 1 2, Western Union 66 1 2, and others with various bid and preferred figures.
Jack Milligan arraigned in the Inferior Criminal Court on grand larceny after demanding a jury trial with bond set at 250 dollars for alleged clothing theft from Prof. C. L. Garrison. E. Nicholas charged with embebdment and carrying pistols on another’s lands, per W. F. Eastburn of the Mobile Fish and Oyster Company, also demanded a jury trial with bonds of 150 dollars each.
Springfield NL March 19 The twelfth joint ballot for the long term United States senatorship produced no choice.
Theresa Virginia Wasserleben, wife of slain officer Frederick Wasserleben, faces trial for alleged part in his December 30 1911 death. She plans a not guilty plea and an alibi defense. Her mother Mary Godau previously convicted and to testify, with insurer beneficiary Wasserleben's life policy worth 7600. Prosecution by N R Clarke and Tisdale Touart. Defense by Foster K Hale Jr and C W Tompkins.
Dr. Rudolph H. Von Erdorff of the U S Public Health Service spoke on malaria to the Home Economics Club at the Battle House, urging draining and sanitation alongside City Health Officer Charles Mohr. Dr A E Thayer addressed adolescence at the Y M C A, focusing on transitions from youth to adulthood. Peter Joseph Hamilton, named to a Puerto Rico federal judgeship, will attend a farewell banquet in Mobile on March 25 hosted by the Mobile Mobile GridIron Club committee including J C Rich and Francis J Inge. Henry Ray sues Mobile Light and Railroad Co for 10000 damages claiming permanent injuries from a May streetcar accident.
Mrs Theodore P Shonts and daughter Marg etta arrived in Mobile from New York City and will winter at Daphne after staying at the Cawthon State. Millionaire contractor Thomas Byrne of ChicagoIr plans a Panama canal trip then returns to Mobile and Chicago. H L Bacho, Mobile elder statesman, marks his 91st birthday after fifty two years in Mobile from Dantzig Germany, congratulations pour in.
President John Craft of the Alabama Good Roads Association will travel from Mobile to Abbeville Henry County to deliver an address with State Highway Engineer W S Keller on Thursday urging support for a good roads bond issue.
J. J. Smith, manager of the Ninety-ninth Company baseball team at Fort Morgan, has a strong organization and is eager to play any amateur club in Mobile, with a preference for the strongest. He seeks a game either at the fort or in Mobile for Sunday.
In a United States district court on Wednesday the case of the Standard Oil Company against the launch Monard was submitted for final decree.
Delegation from Mobile Pythians visited Magnolia Springs for the seventh district Knights of Pythias convention. They report a largely attended meeting with Grand Chancellor D. B. Cobbs of Mobile delivering the principal address.
News of Joseph D Brannan a Wilmer Alabama resident dies after weeks of illness at 58. Survived by wife Lavinia and five brothers. Funeral Thursday at 11 AM from the Wilmer home with burial in Whistler cemetery.
The British steamship Venus, light from Madeira, arrives to load a lumber cargo for European ports. It is consigned to Gaines Lumber Company at the Turner Hartwell docks with no departures expected Wednesday.
The report outlines a plan to recover 3582.17 dollars believed misused by Oakley. It notes the draft was signed personally by Oakley and not on behalf of the state convict department. Bank officials have not confirmed state-ordered security requirements for public officers.
Carter Alexander pleaded guilty to selling oysters without a license in interior court on Wednesday and was given to May 27 to pay the fine and costs by Judge Chamberlain. A related case against William Abrams was continued to March 24. Alexander Massey, a juvenile male, convicted of stealing a suitcase from W. G. Taylor, was arraigned and found guilty, with $250 bond set to await grand jury action.
Law and Equity Court schedules April sessions with multiple stricken and named parties. April 1 through April 11 show cases including Builders Supply Co. vs Simon Kdalman and Inland Type Foundry vs Herald Publishing Co, among others. Additional defendants include City Bank and Trust Co and Mobile Light and Railroad Co. among numerous suits.
K. W. Blackman, Stanley Dixon, and Fin ley McFadden appear in a brief newspaper notice listing individuals connected to an upcoming event or filing. The item provides no further context or details about roles or dates.
The bulletin covers forecast notes for protected shipments and river levels on the Tombigbee and Alabama rivers with a frontal system over the Rockies bringing snow in the north and rain in the south. It lists daily court cases at Semmes City Court including various civil actions and two serious charges for Thursday.
The court granted a notice to issue to Ralph W. Shriner to contest money held by a garnishee with March 24 1913 set for appearance. Judgment by default in J K Glennon vs Sara J Duncan for damages 246.30 with exemptions waived. Pollock Co vs Barrett dismissed. Loper vs ElderDempster Co dismissed. Thursday call lists North Mobile Development Co vs R B Wilson Kooiman Co vs John Craft two cases Willison Warren Co vs J R Groom.
A luncheon at the Battle House on Tuesday March 25 at 12 30 under the Bethel trustees will discuss ways and means for public support of the Seamen's Bethel in Mobile. The Bethel aids seamen, lowers port crime and moral issues, and no subscriptions will be solicited at the meeting.
During a Dreamland Theatre week of prayer under the Church Federation Rev. C. C. Mc Gehee spoke on labor and capital urging stronger brotherhood and mutual regard to ease economic strife. Thursday's address by Rev. A. G. Richards will cover Solomon's Prayer.
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