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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Nov 15, 1916
Page
7
Market steady with 40 bales sold at Mobile. Prices shown: Low ordinary 16.75, good middling 19.75. Receipts today 711,393. this week 632, and year to date 52,617. Exports to Great Britain 45,924 and to the Continent 42,235. Stock on hand 10,364. U S ports shipments for four days 157,305. exports to GB 45,924. to Continent 42,235. U S ports stock 1,385,310.
Realizing sales caused an 11 to 15 point initial drop, the New Orleans cotton market steadied on favorable interior spot accounts and cold weather. A midmorning recovery lifted months and futures, with a 12 point local spot gain and a net 1 to 4 point futures rise by 1 30 pm. Spot cotton held firm, 210 bales traded, middling at 19.50.
The New York cotton market opened lower as early selling dominated by Wall Street and Western traders pushed May and January futures down. After brief rallies to around 20.20 for January and 20.35 for May, prices fluctuated, with Jan 19.85 and May near 20.20 during midmorning, then steadied near last night’s close aided by bullish spot reports and a private crop estimate of 11,350,000 bales.
Overnight railway labor tension weighed on early trading in New York stocks. Rail shares fell broadly with Reading at 168 and Rock Island leading declines though gains came from shipping, copper, paper, and several steel and chemical issues. Bethlehem Steel rose 14 points amid mixed afternoon action.
The market in New York shows cotton seed oil closing strength on November 15. Spot bids at 12.85 with futures ranges from 12.70 to 13.00 across December to June. Total cases reported 36,400.
Atlantic City reports repudiation by Louis Cabrera of a border control plan agreed by two Mexican colleagues and three American representatives. The American team faced renewed opposition as talks risked collapse, with Cabrera denouncing the details amid efforts to withdraw the punitive expedition from Chihuahua.
Cotton spot in Liverpool showed gains with middling at 11.80 to 11.92 pence, sales 8,000 bales including 800 for speculation and exports. receipts zero. Futures remain quiet and steady with the calendar spread notes from November through July at 11.59 to 11.87 and 11.87 1-2 respectively.
Associated Press notes Savannah barter as of November 15 with turpentine at 46 1-2 cents per gallon and rosin trading with no sales. Receipts include 307 casks of turpentine and 1 344 barrels of rosin, with multiple grade quotes ranging from 6.30 to 7.10 per unit for various lots and grades.
Hogs receipts 16 009 head. market lower with lights 9.36 to 9.95 and bulk 9.60 to 10.00. Cattle receipts 5 500 head. market steady with native beef steers 5.75 to 11.50 and cows 5.50 to 7.75. Sheep receipts 1 500 head. lambs 7.50 to 11.75, yearlings 8.00 to 9.25.
Chicago prices list grain and hay for November 15 with numbers for wheat corn oats rye barley and hay plus provisions including pork products and lard with bid and ask ranges in standard market format.
The steamer St Andrew, loaded with general freight for Cuban ports, is prepared to depart the channel this afternoon for the Munson line.
The Norwegian steamer Belvernon of United Fruit Company is due in port with a banana cargo and was expected to report at Fort Morgan during the day. The Belvernon brings in a banana cargo.
The American bark Launberga departed the lower bay Tuesday afternoon bound for Pensacola to load cargo. Tug Mary Wittich towed the vessel to the Florida port. Also, the American schooner Pendleton from Jacksonville for Mexico entered quarantine Tuesday afternoon in the lower bay.
Puss Junior travels at night through a dark forest meeting a hungry Fox who asks the Moon for light. Puss volunteers to accompany the Fox to avoid getting lost and they move on with the Moon shining above guiding their path. The Fox frets about farmers and the noise from their yards as they proceed.
The Fox mocks the sleeping ducks and nerves of the night, boasting of a fondness for duck and goose but denying any lullaby intentions. He grins, showing long white teeth under the moon.
In St Paul Minnesota on November 16 unofficial returns show Mr Hughes leading President Wilson by 1004 votes statewide. Both parties await official tabulation at the state capitol as the count continues. The piece notes voters in Minnesota closely tracking the unofficial results.
The Norwegian steamer Indianic bound from Cristobal to Mobile is approaching port and expected to dock soon with a cargo of iron ore.
United States District Court Southern District of Alabama falls bankruptcy for Bay Steamship Co of Mobile. Notice dated November 18 1916 announces first creditors meeting November 28 1918 at 2 p m. Also Western claim of sale of John Alexander via writ of co fiduciary from Mobile Law and Equity Court. Sheriff's sale of 1912 Dayton automobile model Saybrook Stoddard No 94357. Master Louis Heinrichsen disclaims crew debts aboard St Andrews.
A damaged notice promotes MISCELLANEOUS THE BIGGEST SALE on shoes clothing and dry goods with items below cost. H Hoffman at 411 Dauphin St advertises deals under the nickname The King of Rate. An exchange offer lists a large raised cottage of 6 rooms bath and kitchen for 140 feet front 200 feet from Springhill Ave just outside the city with Box M. care.
A 1920s classified page lists employment notices from different employers. It includes factory production work in Newark New Jersey with steady war orders and physicals at Akron Ohio. It also mentions fitness education outreach and a waiter position, each seeking white applicants and specific recruitment details.
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