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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
May 27, 1915
Page
6
Thursday closing markets itemizes shipments from the L and N railroad line and M and O railroad line. Transit counts show 55 and 150 bales, with an order for 125 bales noted under the Dales designation.
Poor cables sparked a 3 to 7 point drop early as buying emerged. By noon prices hovered near unchanged with a slight uptick on oversold talk, then afternoon strength followed rumors of Turkey seeking a separate peace.
Cash grain and futures data from Chicago show No 2 wheat at 1.44 1/4 to 1.46. No 2 hard wheat at 1.44 1/4 to 1.46. Corn No 2 yellow at 76 1/4 to 84. Hay Timothy 6.50 to 14.00. Pork futures around 18.96. lard near 9.7. butter 9.87 to 10.37. Wheat May open 1.49 1/4, close 1.45. Corn July 76 3/8. Sept 7.67 to 7.71. PORK futures 18.17 to 18.60. Rib sous July 10.62 to 10.65 Sept 10.87 to 10.92.
Very material advances, chiefly in copper shares, led today’s opening in New York stocks as dividend prospects lifted Prospective gains. War stocks including Westinghouse, Crucible Steel, and Locomotive issues rose similarly. Reading led rail gains. Local traction shares jumped, while Missouri Pacific and Rock Island weakened. Bond activity was steady with mixed moves in Pacific group majors.
Cotton spot eased with good middling at 6.48 and low middling 4.66. Sales reached 4,000 bales, including 500 for speculation and export. receipts totaled 30,000 bales. Futures quotes held steady across May to June and into next year with several months priced between 5.00 and 5.64.
Turpentine firm 421-2 43 shows sales none receipts 560 casks Rosin firm sales none receipts 1 438 barrels Market quotes list various grades from B at 2.75 85 to WW at 5.50 with multiple price points and terms.
Attorney Fred W. Bacho was found guilty by a law and equity court jury of misconduct as a practicing attorney. Judge Old Berney will sentence him Friday. The Mobile Bar Association prosecuted the case, with Moses Kahn and R E Gordon leading for the prosecution.
The article calls on Alabama to actively pursue Latin American trade by appointing capable representatives to study conditions, coordinating with consulates, and strengthening ties between Southern manufacturers and chambers of commerce. It notes Northern firms have more correspondence and urges systematic outreach and transportation planning to boost exports.
New York traders saw cotton drop 6 to 9 points at the open as Liverpool declines and political nerves weighed on sentiment. Some covering around 9.59 for October sparked a 4 to 5 point rebound after official forecasts of unsettled showers. By midday prices hovered 2 to 3 points above night closes, with Western buyers supporting modest gains.
Final forfeiture was recorded in the Rafe Smith case for obtaining money under false pretenses as bondsmen E A Dixon and Green Pentington failed to produce him in inferior court. The $100 bond plus costs was forfeited after Smith fled from Brewton in Escambia county and did not appear in Mobile as required.
Springfield May 27 Governor Dunnes waterway bill authorizing a canal to connect the Chicago Drainage Canal with the Illinois River to create a direct water route from the Great Lakes to the Gulf passed the state senate after clearing the House.
Birmingham pastor Dr J C Persinger of West End Methodist Church is named superintendent of the Alabama Anti-Saloon League succeeding Dr Brooks Lawrence who recently resigned. He will take over after Bishop Collins Denny acts on his West End church resignation. Persinger was born in Northport Tuscaloosa County.
Fifty Germans blown up when a bomb dropped in Ostend at mid day. one crew member killed and three wounded, others landed. The report notes ongoing trench warfare in the west with major battles anticipated and Russian retreat acknowledged. A Zeppelin raid on South End drew little concern.
Sweden Norway and Denmark sent formal notification of their determination to maintain strict neutrality as conflicts involving Italy Germany and Austria unfold.
A fire destroyed a one story dwelling at Jackson and Morgan streets owned by Wilson Dean. A separate notice announces a foreclosure sale set for June 14 1915 on Mobile County Alabama real estate tied to Ellen M Gordon and William E Gordon with George B Willis as trustee and Leeds Attorneys listed.
In Chancery at Mobile, Mary E. North v Mary Veer et al. The 1915 order states defendants must plead by June 1915 or default. It lists heirs and nonresidents tied to Frederick Fischer and other parties and directs publication of the notice in a Mobile newspaper for four weeks.
Sailing master C Thompson was arrested by Deputy Sheriff Charles Brannan on a charge of threats to do bodily harm. Stevedore John Lynch, the complainant, alleges Thompson threatened to kill him with a crow bar and attempted to drive workers off the job. Thompson posted bond for a prior offense. Southern Realty Company, led by Joseph McGowin and B F Adams, filed a certificate to increase capital stock in probate court. The capital rose from 4 to 100,000 dollars. action taken at a May 17 meeting.
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