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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Oct 05, 1916
Page
7
Predictions of frost and higher cables boosted New Orleans cotton early trade with spots steady. Futures closed modestly down while spot sales reached 1,065 bales. Middling price stood at 16.13 with several months near 16.50 to 17.12 in closing figures.
The New York cotton market opened higher with Dec at 17.18 and Jan at 17.24 as frost worries in the southwest drew buying. Prices fluctuated with heavy realizing, then steadied near midday with demand from trade and brokers keeping active months slightly above last night’s close. Spot cotton closed quiet at Middling 16.95 with no sales.
New York trading opens with rails advancing 1 to 2 points led by Louisville and Nashville New York Central Reading and Lehigh Valley. Equipment munitions and other specialties rise with United States Steel firm as Studebaker Westinghouse and Central Leather among active issues.
Liverpool Oct 5. Cotton spow strong with good middling at 10.09 and middling 9.95. Sales 8,000 bales, 1,000 for speculation and export. Receipts none. Futures irregular with listed forward months from October to August.
Wheat and grain prices listed for various grades with opens and closes. Corn oats rye barley and hay values shown with ranges. The data reflect market quotes dated October 5 in Chicago with standard and No 2 3 classifications.
Tobe Sales, a black man, was arraigned in the inferior criminal court on the murder charge and held without bail to await the grand jury. He allegedly shot Wash Dyles on September 4 near Old Shell road and Kenneth street. The trial heard from Dyles’ wife, who testified Sales admitted killing her husband to pursue her. The defense offered an alibi, which the judge deemed unsuccessful.
Batteries A and C of the Alabama brigade began their trip to Douglas Arizona at 7 40 p m Wednesday. The Second Regiment band serenaded them and the First Regiment band accompanied them to the union station. Friends and relatives bid farewell as infantrymen cheered the departing train. No orders yet for the rest of the troops but believed to leave next Thursday.
Major General Goethals governor of the Panama Canal and Commissioner Clark of the Interstate Commerce Commission were chosen by President Wilson as two of the three members of the new board to investigate the eight hour law. Formal announcement of all three will come tonight. In Atlanta a parade of 383 striking street car conductors and motormen marched in uniform as union sympathy surged.
Turpentine firm shows 43 1 4 cents with no sales and receipts of 238 casks. Rosin firm records no sales with receipts totaling 1 079 barrels. Bid quotes listed for grades D to WW range from 5.87 1 2 to 6.60 with various letters and price points.
New York reports a firm close in the cotton seed oil market with spot bid at 11.00 and futures quoted for October through May. Notable quotes include October 11.00, November 10.74, December 10.69, January 10.68, February 10.73, March 10.84, April 10.94, and May 10.99. Total sales reach 36,700 bales.
The Asian liner arrived at Mobile harbor this morning and docked at Pier 3 south side. It will load cargo for Liverpool under the Mobile Liners, Inc. banner.
The Launberga vessel towed from Havana entered dry dock this morning for extensive repairs. Shipyard crews will perform framing and hull work, with project expected to span weeks as officials monitor progress.
Work to raise the bay steam er James A. Carney, sunk during the July 5 storm, has begun pumping out water this morning. Officials expect the vessel will be floated within a few days.
The Mallory line steamer Sabine is due to arrive in port Sunday from New York and will depart on the return trip as soon as loading is completed.
The local weather bureau issues a shipping forecast for the next 24 to 36 hours. Protect shipments from temperatures around 38 degrees in the north as river conditions along the Tombigbee and its branches and the Alabama are not expected to change much over the next two days.
Court records show multiple motions and pleas in the Chancery Court with actions including guardian ad litem appointment, decree pro confesso, references, dismissals, amends, and notices. Cases involve Sallie Tonsmeire, Alfred Huntington, John Winters, J W Fristoe, Mary Elliott, Leona Grimes, George Ketchum, Ada Maxey, Walter Wade, Powhattan Miller, D H Tolmin, and others. A receiver motion targets non resident defendants with a October 14 date and a five day notice directive to the order book. Rosa McNally and Ernest McNally are noted as taken out of call.
Governor Bilbo borrows 40000 and seeks 41900 more from lawmakers to fund a main dormitory at the Agricultural and Mechanical College, plus 1900 for militia costs. He appeals to counties to raise 56000 for four buildings at the Confederate Veterans Home Beauvoir to aid 50 to 76 soldiers and widows. He commutes death sentence of George Madison to life and pardoning board weighs J. E. Regan petition amid prior escape.
William Jennings Bryan, en route to Michigan, spoke in Chicago between trains and said the outlook for the Democratic ticket looked exceedingly good in every Western state he has visited. He plans to resume his speaking tour in Kansas on October 9.
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