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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
May 29, 1914
Page
15
Market steady with quotations for ordinary to good middling. This day and week show receipts of 3,093 and 6,509 respectively, exports 301 today, stock 11,958. U S ports receipts 61,884 this year, exports to Britain 35,611 and to continent 56,993, stock 514,508.
In New Orleans on May 29 liquidation dominated early cotton trading with first prices 7 to 10 points lower and the decline continuing after the call despite dry weather in Texas and the Atlantic states. Cables were weaker. Futures closed steady to 9 to 12 points lower with May at about 13.44 and January around 12.60.
The New York cotton market opened unsettled due to weather, foreign selling and local liquidation. Early trade showed a steady start with declines on June and other months, spot cotton quiet at middling uplands 13.75 and middling gulf 14.00, with no sales. Futures closed steady with May and later months quoted across multiple prices.
Money Market notes Mercantile paper at 33-4 4 per cent and Sterling steady. Sixty day bills at 4,865.78 with demand 4.88.35. Government bonds steady and rail road bonds irregular. Call money firm at 13-442 percent, ruling at 17-8, time loans firmer with sixty ninety days at 21-2 and six months at 1-4. Mexican dollars at 44c, bar silver 567-8.
Cash grain and provisions bid in Chicago on May 29 with No 2 red wheat at 99 1/4 and No 2 yellow corn at 71 1/4 cents. Oats and hay quotes listed with standard oats at 40 3/4 to 41 cents and Timothy seed hay from 10.00 to 13.00. Pork 19.52, lard 29.62, ribs 10.62 to 11.25.
In the October Term 1913 of the Law and Equity Court of Mobile a May 21 1914 order requires defendants to plead answer or demur by June 24 1914 or be confessed. If alive or deceased their heirs may hold rights in 698.96 acres in Mobile County Alabama. Notice published weekly for four weeks in The Mobile Item.
New York stocks opened with limited activity and an overall soft tone. Only Missouri Pacific stood out with small gains in both the common and convertible bonds, while many major names including United States Steel Chesapeake & Ohio Baltimore & Ohio and Canadian Pacific eased modestly amid news of a ship disaster and industry pressures.
Liverpool reports total warded to mills 55 000 bales with American 40 000, stock 1 027 000 and imports 46 000. Cotton spot softer with good middling 8.32 and middling 7.70. futures steady with several monthly spreads listed and official closing at May 7.32 value and Mayedyne 7.52 value.
Browne judge presided as W S Jones s Mobile Light and Railroad Co was dismissed by plaintiff with defendant agreeing to pay costs. Saturday docket listed C L Sims v Southern Railway Co DeForest Steel and Tin Plate Co v N E Turpentine Cup Co C A Yonge v Western Union Telegraph Co A Semple v Joseph Kentz D H Edington v Carl Irwin.
In Mobile Alabama a chancery sale is ordered of a one fifth undivided interest in Bayou la Batre area properties and related parcels. The James McDonnell Company sues Charlies Laurendine Edward D Laurendine. sale set for June 29 1914 at noon in front of Mobile County Court House for cash to highest bidder.
Naval Stores report from Savannah Georgia on May 29 lists turpentine firm 41 1 4c with sales none and receipts 6 75 casks while rosin firm shows receipts 1 544 barrels. Price quotes for turpentine and rosin across grades range from 2 80 to 5 20 with WG and WW at 56 66.
The house adopted an amendment to expand federal court reach so suits can be filed where a corporation resides or is found or has an agent. Another amendment barred owners and operators of mining oil gas or hydro electric facilities from refusing sale to any responsible buyer. A push to defeat these changes follows in final bill consideration. Also the Philippine Assembly weighs a prize for a tobacco pest control method.
Gottfried Mertz as administrator will sell at public outcry the personal estate of Henry C Toenes deceased in front of the Mobile County courthouse on Monday June 8 1914 at 12 noon for cash. Property includes two shares of Bank of Mobile stock. Inge and Kirkpatrick represent the administrator.
Sam F. Gunn of Whatley Alabama reports severe stomach distress after exposure to rain. He credits Chamberlain's Colic Cholera and Diarrhoea Remedy with saving his life and restoring his health. For sale by all dealers.
In Chancery at Mobile Alabama Mobile Brewery sues Henry W French and Abraham G Levy. The undersigned will re sell on June 29 1914 at 12 o clock in front of the Mobile County Courthouse the described real and personal property including two lots 22 and 7 and two more lots 21 and 8 in square 4 with specified frontages and depths. Exclusions list certain personal property owned by the defendants. Public notice by CARL HOLZBORN Register. May 28 1914. 5:29, 6:8-10-17.
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