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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Oct 19, 1916
Page
7
In New Orleans on October 19, heavy liquidation pressured long cotton contracts causing a 35 to 37 point drop at the open. Prices recovered to 2 to 4 points higher by midmorning, with spot cotton steady and 425 bales sold, 1380 bales arriving, Middling at 17.81. Futures closed barely steady with a 25 to 32 point decline from yesterday.
Cotton futures in New York open with a drop of 2 to 21 points as January slips to 18.30. Early trade shows modest rallies and a noon dip, with weather worries and storm damage cited as outside demand drivers. Prices steady late morning with most active months around 18.5, while fears of further cold snap support some buying.
Secondary specialties lead early trading gains with 1 to 2.5 point advances. Industrial Alcoholic hits 141.5, Loose-Wiles rises 11.5 to 34, and steel climbs to 116.75 amid a broad upswing in General Electric American Woolen and rail stocks led by Union Pacific and Chesapeake and Ohio.
In Liverpool on October 19 cotton spot eased with good middling at 10.75 and sales totaling 8 000 bales including 1 000 for speculation and export. Receipts were zero. Futures drifted higher with distances from October to May futures quoted around 10.55 to 10.67.
The cotton seed oil market in New York closed steady with spot at 11.75.1b and futures posted 11.77 to 12.50 across months from January to December. Total sales reached 39,000 contracts.
Naval Stores in Savannah, Ga reports turpentine sales at 44 cents with receipts $1 per cask and rosin receipts $29 per cask with no sales. Quotations list multiple grades with bids and ranges from 6.17 1 2 to 6.76 per barrel, showing market activity and price spread.
London reports fifteen arrests by French marines in Athens after demonstrators hissed them during a march. The bayonet charge dispersed the crowd while Greek troops witnessed without interference. The Greek cabinet protested the arrests.
Fire at Virginia Smelting Company West Norfolk destroyed the sintering plant and conveyors and bins, damaging over half the chloriding plant. Plant manager Charles W. nson and secretary F. A. Eustic cannot estimate losses until insurance adjusters finish investigations. officials suspect defective wiring and noted threat to nearby Norfolk Smelting Company plant.
Jim Evans faced arraignment before Judge Henry Chamberlain on an inferior criminal court charge over removing an automobile from J Malone's garage with a $150 bond set. Henry Walker was bound over to the city court on a $590 bond for burglary at J A Blair's store on Hall's Mill road. Woody Slater received a $25 fine and twenty days hard labor for assault and battery after striking Morgan Gaines with brass knuckles over a dime loan. John Bates Payton Martin Mose Payton Session Newkirk Willie Duncan and Lewis Dodson were fined $1 or ten days for gaming.
Virginia patriotic societies mark the 135th anniversary of Cornwallis surrender at Yorktown by displaying the Stars and Stripes and holding meetings in Richmond clubs as the U S flag flies over the capitol and city hall.
Atlanta October 19 Piedmont cup for 2:12 pacers with a $2,000 purse leads feature card at the Southeastern track. A trial against time by world champion trotting stallion Lee Axworthy 1 58 1/4 is scheduled today as part of the program.
Requisition papers to return Percy Pierce to Jefferson County for trial on a murder charge were drawn on Governor Rye of Tennessee by Governor Henderson. Pierce is held in Tennessee, and Henderson designated W. H. Propst to escort him to Jefferson County.
Montgomery special reports the Crampton Lumber Company will immediately begin rebuilding a larger and more complete plant to replace the $75,000 facility destroyed by a midnight Monday fire.
The Grace Harward, a full rigged ship, dragged moorings in a gale Wednesday and was re moored this morning opposite Three Mile Creek. Tug Nimrod deckhand Jim Bazzell sustained a minor head injury Wednesday afternoon while aiding a hawser transfer and was taken to Marine Hospital, not seriously hurt.
The A N O Transportation Company barge No. 6 sank in the river this morning while traveling toward New Orleans. It carried a heavy coal cargo from Alabama coal fields and crews worked to secure the vessel.
Captain Curt Johnson, a boy and bar pilot, has been ill with blood poisoning in his right arm. He was seen about the water front this morning as he recovers.
The steamer Consul Corfitzon was shifted this morning from the Turner Hartwell docks to Pier 6. It brought in a cargo of iron ore for the Van Heynigen Brokerage Company.
Dredge No 2 of the Home Dredging Company escaped sinking during the storm on Wednesday with crew actions saving the machine near One Mile Creek. The Louisé Dolive rear ended a wharf but was freed with minor damage. An inquest into Lena Shamburg's death found heart degeneration as the cause. doctors Myers and Cole testified while Coroner Thomas oversaw.
Captain B L Brockaway in temporary command arrived Thursday at 10 with the Tallapoosa after patrolling the gulf and lower bay. He says the Porto Para grounded on the west bank and must be lightened before floating. The Pearsall narrowly avoided collision with the quarantine barge. No fort damage reported.
Jim Johnson, Man Williams, Jack Slunter and Robert Thornton pleaded guilty in the recorder's court and paid $50 fines for violating the prohibition law. Martin Livingston Calvin Richard son Joe Tallon and John Thomas were arraigned in the inferior criminal court on the same charge and fined $50 with costs. Prohibition cases against Joe Lofton and Louis Nelson were continued to October 21, while Jack Battles, Man Williams and Henry Clay were reset for November 4.
The Telegraaf reports German forces in Belgium are deporting civilians beyond Ghent with possible forced labor outside home villages. Von Sauder weig says able workers may be compelled to work to aid relief or public disaster response. Refusal to work could bring three years imprisonment or a 10,000 mark fine.
Troops expected to depart the capital city at nightfall for a five hour plus ride to Mobile arriving around eleven tonight. A parade and reception will be canceled, but a large crowd is anticipated at the Mobile depot to bid farewell. Families hope to see loved ones before they head to the border for duty.
The Chamber of Commerce and organizers attempted to welcome soldiers this afternoon. Captain David Holt informed General Bricken that a parade would aid recruiting but could not be arranged. A lack of tourist cars delayed departure. locals are asked to leave packages for soldiers at the I L N baggage room, clearly marked, for prompt delivery.
The Automobile Club of Mobile discussed gasoline pricing at a meeting led by N E Stallworth in the president’s absence. A partial report from the gasoline committee was presented and the issue will be continued at a full club meeting. James A Carney arrived from EBay Minette reporting wind but no serious damage.
John K. Tener, president of the National League, calls for strengthening the league and increasing the world series games and limit. He says there is no use making excuses for poor play in recent series and notes pitchers did their part. Rumors say Tener Hempstead and McGraw may discuss McGraw's critique of New York players after the final Brooklyn series.
In Saginaw and Bay City Hughes blasted the Underwood tariff and the Adamson law and denied that voting for him equaled a vote for war. He argued a Hughes win would mean lasting peace through self-respect and urged contrasts with Mexican policy as a critique of the current administration.
W F Maroney, guard at Henderson Land and Lumber, Tuscaloosa county, says he killed Walter Johnson, a Montgomery county convict, to save his life as Johnson allegedly attempted to kill him. State convict department absolves Maroney of blame after reviewing evidence.
The forecast for Alabama calls for partly cloudy and cooler conditions tonight and Friday with likely local rain interior areas.
Mobile resident W L Cooksey testifies that Donan's Kidney Pills relieved years of back pain kidney disorder and bladder inflammation after six boxes. He later used Pean's Kidney Pills as a tonic to maintain kidney health. Price 50c at dealers Foster Milburn Co Buffalo NY endorses.
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