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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
May 06, 1916
Page
11
Market reports show demand rising with gains in both spot and futures. May to October contracts advance, spot cotton steady with modest rise, while equities and commodities close firm on broad participation and improved demand outlook.
Cotton seed oil futures in New York slipped with July at 11.25 11.26 and November at 9.40 9.41 after a day of light activity. Total sales reached 12,800 contracts.
One quarter cash and liberal terms on balance offer attractive tracts in Mobile County with elevated and level pine land soil. Properties range from 400 to 10 000 acres with low prices. Contact George Kilborn at 409 North Royal Street Mobile Ala Bell 957 J for maps and price lists.
Cotton market in Liverpool shows steady spot values with good middling at 8.18 to 8.36 and 4000 bales sold including 500 bales for speculation and export. Futures quiet with nearby months quoted around 7.89 to 7.84 and distant months near 7.58 to 7.60.
Savann nah market data shows Turpentine firm 37 cents with 280 receipts and 627 shipments. stocks 6,663 barrels. Rosin firm reports no sales, 916 receipts, 1,929 shipments, stocks 68,129 barrels. Prices listed for several grades from B to WW, range 3.90 to 5.20 dollars.
Speculative interest grows after a German note as prices rise at opening. Shipping shares lead with Marine and United Fruit gaining, while the motor group including Maxwell Willys-Overland Studebaker and Goodrich shines. Crucible Steel tops the war list with a four point gain.
Receipts show 9 000 head of cattle with weak demand and unsettled market conditions. Cattle include native beef steers at 7.90 to 9.90, stockers and feeders 5.90 to 8.65, cows and heifers 4.25 to 9.50, calves 6.25 to 9.59. Sheep offerings reach 2 000 head with market steady and lambs at 7.75 to 11.70.
By Steamer Peerless Magnolias Compress Co 236 Michael and Sons 5 Baker Lyons and Co 2 F M Ladd 1 Lott Produce Co 1 Total 245 bales By M and O R R R P Pope 3 bales By LL and N R R Transit 290 Magnolia Compress Co 81 Exports compressed 693 Total 1064 bales
Grain and provisions prices listed for May 6 in Chicago show No 2 red wheat 1.14 1 4, No 3 erd 1.? 1.12 3-4, corn No 2 yellow 78, oats 46 49, rye and barley values, and pork lard ribs figures with nearby and September columns. Market closes reflect price ranges across wheat corn oats pork lard and ribs with seasonal contracts noted.
Deputy sheriffs raided four locations including W E Rogers at 325 North Royal and the Bienville Hotel on Friday afternoon under internal revenue licenses. Whiskey and beer were found as evidence. arrests are planned. Officers Bernstein and Donaghue led the searches.
Willie Davis Tom Myers and Ben Myers pleaded guilty in the inferior criminal court Saturday to violating the prohibition law. They were each fined $50 and costs of ten days in jail. Robert Jenkins was arrested for violating the game law and docketed at the county jai.
The Red Cross Life Saving Corps of Mobile has received its charter from the National Red Cross Society. Members include Edward Overton, Arthur Marriott, Ernest Ash, Arnest Curtis, R. Irving Ashman, John Metzger, Otto Kirshner, A. M. Vine, H. Williams, Robert Williams Jr., Walter Cope, Henry Ivard, and William Moore. The group plans three lifeguard stations on the Eastern Shore this summer costing about 125 dollars each, funded by local subscriptions. John Metzger leads the exams. The next corps meeting is Tuesday at 6 30 at the Y M C A with important matters on the agenda.
The House Rules Committee presented a special rule for immediate consideration of the Glass rural credits bill. It aims to establish chain of land mortgage banks modeled on the Federal Reserve system to align with Senate provisions in conference. The bill will have right of way except the army increase bill, and may take a week to consider.
Yancey Hogan was held to the city court under a $3 000 bond by Judge Henry Chamberlain on robbery charges. Deputy Sheriff Kasterling says Hogan has three other robbery cases, with George Taylor arrested with him and later discharged. Willis Gulley testified Hogan robbed him at gunpoint of $2 in Toulminville. Taylor assisted by allowing use of his buggy. Robert Springs was held on burglary charge under $300 bond. Other docket items included Archie Gibbs burglary nolle prosse and Tarleton Demony possessing state property. George N Dobson elected chairman of the farm lands committee of the Chamber of Commerce board, succeeding the late J L Locke.
Mobile's Southern Association College Women hold College Day with a morning Shakespeare reciprocity program and afternoon college women events. A banquet tonight features Dr. B V Dixon of Sophie Newcomb College, with pink sweet peas decor and place cards showing attendees' alma maters. The day includes Mozart Minuette, a twenty minute address by Dr Dixon, and a staged program with students and faculty from Harding College. A separate note lists Jessie Acree Jr event at Battle House. A Tokio fete for St Stephens Road Methodist Church is planned May 12 with marches, drills, dances, and student performances.
The annual Knights of Columbus state assembly session starts Tuesday at 10 AM in the Mobile council 666 hall on St Joseph Street. Judge Oscar R. Hundley, state deputy from Birmingham, will preside with delegates from Mobile, Montgomery, Birmingham, Huntsville, and Cullman expected.
The British steamship Blairmore arrived in the lower bay and will dock at the upper Mobile and Ohio piers to load a general cargo for Italy. Louis Donald and Company will handle the Blairmore. The large Norwegian steamship Loch Tay is also due for the same company and expected to report any day.
Washington May 6 Ambassa dor Page in London transmitted the British official notice that under U S pressure Britain would release 28 Germans Austrians and Turks seized aboard the American steamer China near Shanghai by a British cruiser and held as captives.
W. C. Durant, president of the Chevrolet Motor Company, denied reports that a consolidation of Michigan motor car manufacturers involving more than 200 million dollars was being planned, a Detroit story having claimed Durant would head the initiative.
James A. Carney of Carney Alabama a good roads booster and president of the Alabama branch of the National League of Postmasters of the United States will tour the state to promote attendance at the group’s state convention in Birmingham on May 16 17.
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