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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
May 23, 1913
Page
15
The Mobile market closed firm on Friday with no change from Thursday. Sales reached 50 bales, while exports totaled 787 bales, compared with 102 bales the same day last year. The New York spot market remained quiet and unchanged with prices showing Good Ordinary to Good Middling ranges.
Connie Mack hails Jiddie Murphy the Philadelphia Athletics youngster as a future speediest fielder. Murphy was the IL sensation last year starring in the Baltimore outfield and is expected to rise among top gardeners this season.
Cotton futures opened steady with small gains then eased as rains through the eastern belt fueled short selling. Weather maps showed low temperatures limiting bear activity, while European markets remained weak and standard stocks stayed vulnerable to adverse influences. Prices closed down 5 to 7 points from yesterday.
May futures rise about 6 points while August adds 2 as other months dip 1 to 2 points amid realizing and a broader reaction after yesterday’s advance. Nervous, narrow trading into midday with weather rain fears in the central belt and renewed buying as prices briefly recover to near prior highs.
Cotton prices in Liverpool were steady with limited demand on May 23. Prices ranged from 5.97 to 7.33 for various grades, with 5,000 bales sold including 1,000 for speculation and export and 4,000 bales American. Receipts reached 18,000 bales. Futures opened firm and closed steady as July and longer positions drew buying and some selling pressure."
Norman Bertolotti an 18 year old of Spring Hill was arrested Friday on a charge of reckless and furious driving of a motorcycle. He allegedly ran over W. S. Jamison an elderly man and left him needing infirmary care. Police tracked the motorcycle owner after it had changed hands twice. Bertolotti to face a hearing once Jamison can appear.
Associated Press reports a split doubleheader will be played this afternoon between Birmingham and Memphis despite cold and wet ground conditions in Birmingham Alabama.
Stocks opened lower with California petroleum slipping to a new low and several issues, including St Louis San Francisco, hitting declines. The general list remained heavy as weak demand and limited buying pushed up some issues like Western Maryland while many large and low priced shares kept sliding. Trading slowed, bearish sentiment lingered, and few clear rebounds followed today’s early losses.
Savanna h markets record rosin receipts from the Turpentine firm at 1 171 casks and the Rosin firm with 3 684 barrels. Prices listed include B 4.55 D 4.60 K and F 4.65 G 4.70 H 4.18 4.80 K 4.90 M 5.80 N 6.35 WG 6.70 WW 6.85 with no sales reported.
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