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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
May 09, 1913
Page
14
Liverpool spot cotton shows steady prices across grades with middling at 6.68 and good middling 6.88. Sales reach 6,000 with 4,900 American and no receipts. Futures open quiet yet close very steady with ranges from May 6.44 to April-May 6.05.
Friday's market closed steady, matching Thursday's close. Friday bale sales rose to 50 from 26 on Thursday. Export figures showed year over year gains with 680 Friday versus 331 last year, and receipts for the period tallying across ports and regions.
New Orleans May 9 cotton futures rise 4 to 6 points on good cables and expected demand from continental spinners. Liverpool reports Manchester buying freely and prices peak 7 to 8 points up before Texas rain news triggers profit taking. noon quotes show mild losses from yesterday's close.
New York May 9 Cotton futures opened steady with a 3 to 6 point advance on covering and steady demand from various sources. Cables ran below due but weather maps showed no showers. Shorts were nervous over lower stocks after yesterday’s large clearances and the market stayed moderately active and firm through the call, closing steady.
Six lives were lost when the steamer Ohio burned early today at Brunswick Wharf National Pass in Vancouver British Columbia. The blaze prompted emergency crews to search for missing crew and passengers.
New York May 9. After a weak opening and lack of outside buying bear pressure pushed stocks lower before noon. Readings in Reading Union Pacific and Southern Pacific spiked above yesterday’s close then retreated amid mixed stats. Major issues dipped with United States Steel and New York Central under pressure. bonds eased and general declines set in by late trading.
Turpentine firm in Savannah reports sales of 360 sacks at 38 cents and rosin firm sales of 556 barrels. Quotes list prices for various grades from B and D at 4.55 to N at 6.10 and WG at 6.35 to 6.60 dollars.
In the Law and Equity Court on the Equity Side Berney judge and in Chancery Court Smith, various matters proceed including second report of sale read and laid over ten days, assignee costs approved, motions to amend, testimonies ordered published, and several dismissals and judgements in different divisions. Also Norfolk reports H. W. Stanley promoted to general manager of Seaboard Air Line.
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