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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
May 27, 1914
Page
11
New Orleans reports heavy rains in Texas trigger a sharp opening in the cotton market. Shorts cover and brokers place large long orders as futures climb 12 to 20 points at the open and close with a net advance of 16 to 25 points.
The New York cotton market opened firmer by 3 to 17 points with general list gains of about 15 to 21 points. Active Southern buying and covering, plus renewed bull support, followed reports of rain in the Southwest and firmer Liverpool cables, with price levels for months including August October and December showing gains.
Cotton spot remains steady with good middling at 8.28d, mid at 7.66d and low at 7.18d. Sales reach 4 000 bales with 500 bales for speculation and export. Receipts total 10 000 bales. Futures show irregulars with May 7.32 and May-June 7.32 1 2, other months down to 6.65.
Mercantile paper at 3 3-4 to 4 percent. Sterling exchange steady at 60 days 4.86 and demand 4.88 60. Commercial bills at 4.85 1-2. Silver bullion 5S7 1-8 and Mexican dollars 44. Government bonds steady, railroad bonds irregular. Call money steady at 1 7-8 to 2 percent. Ruling rate 7-8, closing 17-8 2. Time spans steady sixty and ninety days 2 1-2, six months 3 31-4 percent.
Major P. C. Harris M D of the army medical corps visits Mobile as a guest of his brother Dr Seale Harris. His son Charles Harris accompanies him and will enter West Point summer camp as a cadet this summer. Major Harris, a West Point graduate of 1888. Klondike products reach this country with a 2 percent export duty imposed by Canada.
In Montgomery on May 27 the Alabama Senate debate centers on whether the lieutenant governor or the president pro tempore should appoint Senate committees. Thomas E. Kilby backed by Bulger seeks to keep appointment power with the lieutenant governor, while opponents note history under Governor seeds. Bulger argues for the constitutional role of the lieutenant governor and anticipates a business-friendly legislature.
Chicago market figures list wheat and corn for July May contracts while oats pork and lard show September and July terms with modest shifts. Prices range around 20.05 to 9.97 reflecting fluctuating demand.
Cash grain prices for wheat and corn show varying bid ranges with No 2 red around 98 to 99 cents and No 2 yellow corn at 71 to 72 cents. Timothy and clover futures list values near 3.75 to 4.75 dollars and 10 to 13 dollars respectively. Pork prices cited include live and processed components at 9.72 to 19.95 dollars and rib values 10.87 to 11.37.
Naval Stores in Savannah Georgia on May 27 shows one firm reporting 448 4c sales 85 casks and receipts 877 casks, a rosin firm with receipts 1 551 barrels, and a range of prices listed for turpentine and rosin grades from D to WG with values from 3.59 to 6.65 and quantities varying by grade.
At the New Orleans Tennis Club Waters of New Orleans defeated W C Alexander of Memphis 6 2 3 6 6 2 in a third round men’s singles match. Irving Wright of Boston and Waters were paired in the fourth round after Wright advanced by the draw. UB Maginnis of New Orleans beat George Williams of New Orleans 4 6 6 1 6 0 in the third round final.
In the matter of John Shaffer a bankrupt the Hon R T Ervin referee orders sale at Crichton Mobile County Alabama of items from Shaffer Meat Market including a telephone booth marble top stall meat rack refrigerator ice box scales wagon horses harnesses desks tools wagons and more at 12 noon on Monday June 1 1914 cash to highest bidder subject to confirmation by the referee. Bestor Young Attorneys. may 1923 27 39
In Mobile County Alabama probate court on May 19 1914 Rosa Lowenthal Henrietta Lowenthal Henrietta Warburg and Anna Warburg of Rostock Germany cited in interest In the matter of the last will of Louis Rosenthal Henry Hanan and Walter Mitchell filed a petition to probate a purported will A hearing is set for June 19 1914 at which all interested parties may appear or contest. PRICE WILLIAMS HANAV & PILLANS Judge. Attorneys. 5-20-27:6-3
In Mobile County Alabama Probate Court on May 25 1914 George M Foster administrator filed a report stating the estate of John L Watters is insolvent. A hearing is set for June 26 1914 for all interested persons to contest the findings. Judge P Williams presiding.
Safety First offers consignors modern sprinklered warehouses with fire and theft protection plus accurate accounting. Service includes prompt city deliveries and territorial forwarding, loan negotiations on stored goods, and remittance for consignors sales. You sell the goods we do the rest.
In the Court of Mobile equity cases Judge Safford Berney presides. Decrees quieting title issued in Kennedy, Parham, Broughon, Crane actions. Adjournment to May 30 at 10. Chancery Judge Thomas H. Smith sets May 29 demurrers for May Mallon and May Reynolds cases.
Wednesday business included dismissals and abated actions in cases like H M Friend Jr versus L J Wahl and Stockton Lumber Co versus Star Crescent Lumber Co due to bankruptcy. Thursday call listed cases including J H Wilson against Unionist Publishing Co and Mobile Light and Railroad Co against Sidney Berry. The session concluded with H Curiel & Co versus G A Leftwich a default judgment of 569.25 and adjournment to Saturday morning.
River forecasts indicate minimal changes over the next two days for the Tombigbee and branched river system, with the Alabama river also expected to hold steady. No significant north, east, or west shipments disrupted by climate conditions anticipated.
A low barometer area over the late region and the north Atlantic states brings scattered rain and warm spells. Boston reports eight degrees warmer than Mobile. A high barometer region with summer heat covers most of the eastern United States. Cool air follows high pressure in the Dakotas and along the Pacific coast. Texas and Oklahoma see heavy rains while the Gulf Coast has scattered showers. Albert Ashene, Local Forecaster, Weather Boresb.
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