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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
May 02, 1916
Page
7
Today’s cotton market shows prices 13 to 15 points higher than yesterday at 1:50 p m Spot cotton closes steady up 13 points with Middling at 12.13 Sales on the spot total 2 421 bales to arrive 3 900 Futures advance 14 to 21 points May 11 97 July 12 22 October 12 29 December 12 42 January 12 49 to 12 60.
New Orleans reports cotton futures up 11 to 14 points in the first hour as buyers react to strong cables and unsettled western weather. Traders fear excessive rain while colder temperatures loom, yet afternoon trade shows steadying prices amid modest spot selling.
Tracts 40 acres to 10,000 acres in Mobile County Alabama offered by M and C Railroad Lands. One-quarter cash with liberal terms on the balance. Properties described as elevated level and top pine soil. Maps and price lists available from George Kilborn at 409 North Royal Street Mobile near Union Terminal Station Bell 967 J.
The New York cotton market showed higher activity after an opening rise of 9 to 12 points. July touched 12.47 and October 12.66 early, May and other months pulled back as realizations cooled gains, amid reports of large southern spot sales and thinning interior stocks.
Prices listed for May through November show steady trading in New York on May 2 with May at 10.75 10.80, June 10.89 9%, July 11.07 11.09, August 11.07 11.08, September 10.99 11.00, October 9.96 9.97, and November 9.16 9.18.
Savannah traders report no sales by turpentine firms with receipts of 309 casks while rosin firms show no sales but 930 casks received. Quotations list various standard grades from B to WG and WW with closing ranges from 3.75 to 65.10 dollars per unit.
Chicago stock report shows hogs at 9.35 to 9.90 for various classes with 22,000 head received. cattle receipts total 4,000 head with market activity noted as slow and ongoing.
Steady cattle prices ranges listed with beef steers at 7.90 to 9.95, stockers 6.90 to 8.60, cows and heifers 4.20 to 9.46, calves 6.25 to 9.25. Sheep receipts 9,000 head, strong demand for wethers 6.75 to 9.25 and lambs 7.75 to 11.75. New York equities mixed with mercantile Marine Preferred up early, readings in demand but later retreat. Major rail and industrials show varied moves. closing prices noted for numerous issues such as Reading 87 3/8, General Electric 163 3/8, New York Central 104 5/8.
The report lists grain and provisions quotations for wheat corn oats rye and barley plus hay pork lard ribs and related farm goods. It notes price changes at the local fruit and vegetable market including cabbage potatoes onions and bananas and reports Liverpool cotton prices with futures and spot levels and receipts.
An antiseptic powder named Toot-Ease is ordered to be used among soldiers. It is sprinkled into shoes and used in foot-baths to reduce friction and provide comfort, marketed as Aller Foot-base for relief.
News from Mobile reports the murder of Dr. J. H. Hugh Harrison chief colonial surgeon of Honduras at Belize on April 24. The assailant Ninnie Lopez, a Spaniard and asylum inmate, used an old amputation knife to stab Harrison four times in his room. Strakey and Dr. M. Winter were injured during Lopezs disarming.
In San Francisco on May 2 a five year old girl named Maxine Fisher was brought to Lane hospital with a brass stickpin in her stomach. Surgeons work to avoid an operation while monitoring for symptoms after she swallowed the pin with candy at a theater outing with her father.
The March net revenues of 94 railroads reached 53,236,171 dollars, up 36 percent from February and 40 percent from March 1915, totaling 425 dollars per mile. Gains were strongest in the East with 59 percent versus March 1915, the South up 32 to 43 percent, and Western roads up 30 percent in thirty days.
Cotton receipts show Barker Cotton Co. and bales listed with L and N Railway Clarke Davis Co. plus Baker Lyons Co. and Weil Brothers, total 936. Tran- appears in fragmented text indicating a consignor or station note.
A long list of Eastern bankers ministers lawyers and professors joins a Southern railway special to Fort Oglethorpe Georgia for military training. The group includes Joy Biddle Theodore Lyman Jr and Littleton among others with stops through Virginia and arrival near Chattanooga before noon tomorrow.
Tom Penton of Biloxi was arrested by U S Deputy Marshal J D Money at Rippeys saw mill near Gulfport on a Mann act violation. He is accused of taking Christine Dutzy from New Orleans to Biloxi where they lived as husband and wife and a child was born. Penton awaits a hearing before U S Commissioner J C Tyler and is jailed at Gulfport.
Property owners along Spring Hill avenue from Ann to Catherine street vote against paving with 2694 feet opposing and 1935 in favor. City Commission seeks input as Mobile Light and Railroad Co offers to park street tracks if paved. The thoroughfare remains partly unpaved between river and Ashland place.
Default on notes due January to May 1916 secured by mortgage dated September 29, 1914 in Mobile Alabama. A. C. Ellerman, as mortgagee, declares all notes due and will proceed to sell debt and costs on May 15, 1916 for the described lot of land in the city.
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