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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
May 24, 1916
Page
7
Cotton prices showed a steadier tone with gains in futures and spot movement in New York and earlier reports of boll weevil pressure in Alabama and Mississippi. July and October contracts led the advance while broad equity moves appeared in steel and industrials with mixed to higher prices.
A ledger shows 249 bales moved by rail from Southern R R Magnolia Compress Co and others including M and O R R Winston Jones & Co F M Ladd Co Bashinsky Co and transit totaling 249 bales. A steamer City of Mobile carried 84 bales for Magnolia Compress Co and Baker Lyona Co F M Ladd Co total 84.
Liverpool market notes show weak tones with good middling at 8.66, middling 8.50, and low middling 8.30d. Sales reach 12,000 bales including 1,500 for speculation and export. receipts total 200 bales. Futures steady across May to March contracts with minor variations.
New Orleans May 24 Prices opened soft on selling pressure amid rains feared in the western belt and rose 6 to 8 points from yesterday's close before fresh selling pushed the market back to 7 to 9 points up late morning.
Wheat No 2 red 1.11 1 1 2 No 3 red 1.10 to 1.11 1 2 No 2 hard 1.09 5 8 to 1.11 1 2 No 3 hard 1.06 to 1.09 Corn No 2 yellow 74 75 1 4 No 4 yellow 71 Oats No 3 white 40 3 4 42 1 4 2 standard 43 1 2 44 1 4 Rye nominal Barley 60 1 2 Timothy 6.00 8.00 Clover 7.50 16.00 Pork 22.75 23.55 Lard 12.75 Ribs 12.37 12.87
Turpentine firm shows 38c price with 50 sales and 463 receipts plus 450 shipments and 9 089 casks in stock. Rosin firm reports 1 184 receipts 1 867 shipments and 55 796 barrels on hand with bid quotes for multiple grades.
May 24 Chicago market shows hog receipts at 24 000 head with slow trading. bulk prices 9.75 to 10.00, light and mixed hogs up to 10.05, pigs down to 7.50. Cattle receipts 13 000 head with firm tone. native beef cattle 8.25 to 10.50, stockers 6.10 to 9.00, cows and heifers 4.60 to 9.76, calves 8.50 to 11.75. Sheep receipts 17 000 head with weak market. wethers 7.55 to 9.75, lambs 8.90 to 12.75, springs 11.00 to 13.25.
New York May 24 early trading shows a reactionary trend as strongest issues ease. Reading slips 1 4 points to 107 1 2 and drags rail stocks lower, while most others retreat slightly except United States Steel and New York Central.
An old time ad touts Dr King’s New Life Pills as an ideal spring laxative. The first dose moves sluggish bowels, stimulates the liver, and clears the system of waste and impurities. The ad urges readers to buy for 25 cents at their druggist.
An ordinance amends Section One of the 1913 Mobile street use law. It limits standing to ten minutes in specified Royal Conti and related blocks and bans idle parking on Dauphin Street. Section Two confirms operability from adoption and lawful publication.NOTICE BY EXECUTOR IN ESTATE of Lucy M Spear Letters testamentary granted May 23 1916. Claims must be presented as required by law or be barred. DR T H Frazer Executor Thornton Frazer attorneys.
In port entries show Vera and Cuba bound steamships at Pier 8 and Pier 3, Fort Gaines and Belize at Pier 1, plus numerous schooners and a bark ready for routes to West Indies Cuba Rosario and Oaxaca. Several docks include Gulf Dry Docks Ollinger Bruce and Hieronymus. Some vessels await sale or repair.
Meltonian a steamship will load cargo for the British Isles. Sylvanian a steamship will load Forceler a schooner to load lumber for Cuba. Albert D. Mills an American schooner to bring sisal from Yucatan. Elizabeth T. Doyle an American schooner from Africa for repairs. Frieda a Russian schooner to load lumber here. Corinto a Nov steamship with bananas from Central America.
The Norwegian steamship City of Tampico arrived at Pier 8 to load general merchandise for Cuban ports. She came in sight and began loading this morning for Munson Line.
The American schooner Rena A. Murphy arrived Sunday from Progreso with a sisal cargo and finished discharging. She sits at Ollinger Bruce dry docks awaiting haulout for bottom painting and minor repairs.
The British schooner Strathcona, recently arrived to load lumber for Cuba for the Bahama Timber Company, is hauled out on the Ollinger Bruce dry docks for caulking and overhaul. She will be launched tomorrow morning.
The American schooner Susie 8B. Dantzler arrives from Yucatan to discharge sisal at Pier 2. She will finish this afternoon and depart tomorrow for Moss Point to load lumber for the West Indies.
The Norwegian steamship Karen, a Munson liner, left Tuesday afternoon for Cuban ports with a general merchandise cargo and will return with pineapples.
The United Fruit Company liner Vera departed Pier 1 this morning for Tela Honduras after finishing banana discharge. She will return to Mobile with fruit cargo.
The Norwegian steamship Corinto arrives tonight from Tela carrying bananas. It will discharge at Mobile and Ohio Pier 1. The vessel operates under charter to the United Fruit Company.
The Cuban steamship Paloma will arrive Thursday night from Havana with a cargo of pineapples. She will discharge at Pier 8 and the fruit will be shipped out immediately on special trains.
A probate court sale directed by Judge P Williams will auction on June 12 1916 at Mobile County Courthouse. The property comprises Lots 1 and 2 in Square 17 Kennedy Tract with Gaston Street frontage and specified boundaries in Mobile Alabama.
Savannah woman Mrs. B. M. Jackson, wife of Hon. Sam M. Jackson, reports Tanlac eased her acute indigestion insomnia and nervousness after weeks of suffering. She says four to five days brought strength better digestion and appetite and improved sleep. Tanlac sold in Mobile by Van Antwerp's Drug Corp and Dave Bauer.
A legal notice describes parcel boundaries in Mobile County from a 1887 deed to be sold under court decree for division among owners Clarence W. Allen Janie Calloway Frank Jackson and the Burdens with life estates. It includes a separate call for bids by July 1 1916 for Delta Highway work in Mobile County with plans specifications and bid security requirements.
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