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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
May 07, 1915
Page
5
Early trading shows prices sharply lower as Atlantic rains and weak cables press markets. Short covering provides a brief rally before Lusitania sinking news drives a renewed selloff. spot cotton remains quiet, middling at 9.00, futures near yesterday close.
New York May 7 market operations showed irregularity as London sentiment weighed on American prices. Bethlehem Steel rose to 145 then 159 with a record peak before a sharp collapse sparked by rumors of the Lusitania torpedoing. Reading led, copper shares fell, United States Steel steadied, bonds fluctuated.
Savannnah reports May 7 receipts for turpentine at 45 1 4 cents and rosin at 1 347 barrels. Quotations show barge grades B through WG and WW prices ranging from 3.25 to 5.70 with several higher terms for specific grades.
May 7 New York cotton market opens with renewed liquidation sparked by Liverpool declines. First prices fall 18 to 20 points as Liverpool sellers dominate and buyers cover amid rains in the Eastern belt. By late morning October nears last night’s close on firming trade, rumors of China accepting Japan terms lift futures though lack confirmation.
Liverpool on May 7 reports spot cotton easier with good middling at 5.55c and sales of 6,000 bales plus 500 bales for speculation and export. Receipts reach 52,000 bales while futures stay very steady with May-June 5.17 1 2, June-July 5.23 1 2, July-August 5.29 1 2, August-September 5.37 1 2, October November 56.51 1 2, January-February 5.63 1 2. Market notes ongoing demand and modest price firmling.
A tornado and elect storm struck Butler county last night causing extensive damage in the western area. One colored woman was killed by falling timbers as her house was destroyed. Wires down in Greenville and surrounding areas hindered communication. Reports indicate several males may have been killed.
An early 20 century advertorial argues against soft foods and urges exercise for stomach muscles. It promotes Dr. Pierce's Golden Medical Discovery as a tonic to improve digestion and blood quality, claims public endorsement for forty years, and offers a medical adviser book with mail order.
Weather dispatch reports killing frosts across the Texas Panhandle with 30 degree readings at Amarillo at 7 a.m. and low temperatures across north Texas and Oklahoma. Rain falls across south Texas as conditions persist. Paris W. F. Loughman, diver from Honolulu, to be taken to San Francisco for treatment after four hours submerged at 220 feet when life line tangled with submarine wreckage.
News of the Lusitania sinking sparks a sharp cotton sell off with October contracts sliding from 10.15 to 9.85 as trading remains highly active despite weekly liquidations. The report also notes numerous civil court actions and judgments listed in a Friday docket.
Circuit Court proceedings Friday awarded S. D. Copeland & Son verdicts against Mrs. E T Schlorff for 57.40 with a lien and against Mrs. Emile Schlorff for 196.26 with a lien. Fritz-Jahneke Inc. vs National Oak Flooring dismissed for want of prosecution. Saturday docket includes DeForest Sheet & Tin Plate Co. vs N E Turpentine Cup Co and others, with several garnishments and contested actions listed.
Weekly cotton statistics show totals forwarded to mills 70 000 bales with 55 000 American. Stock figures list 1 566 000 American 1 286 000. Imports reach 145 000 American 110 000. Exports total 13 000.
Public notice style ad touts TIZ as safe remedy for tired feet corns bunions and raw spots. It promises smaller, more comfortable feet with no pain and offers a 25 cent box at drugstores or departments stores with a money back guarantee.
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