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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Oct 28, 1916
Page
7
Market figures and port receipts summarize U S. port activity over six days with totals for this year and last year. The data shows inbound and outbound routes to Great Britain and other destinations with day by day and year to date totals.
In New Orleans on October 28 the cotton market opened weak amid labor troubles and reports of a German submarine sighting near Norfolk. Prices fell early but losses narrowed by close. spot sales reached 257 bales with 1,170 bales delivered. Middling around 18.3 to 18.6 cents.
New York cotton opens with declines of 15 to 24 points, selling to 18.82 for July and 18.60 for March amid selling by traders tied to Wall Street. Spot cotton quiet with midis at 78 to 85. market ends barely steady after intraday rallies and continued pressure from war risk worries.
Today's brief stock session focused on copper shares and firms earning from foreign contracts. Utah Copper led gains with other high performers including Central Leather and Cuban Cane Luger, while United States Steel rose modestly amid a mixed market. total volume around 550,000 shares with bonds down.
Turpentine firm reports 12 1/2 c. stock and 229 receipts with 43 shipments. Rosin firm shows 988 receipts 133 shipments and 35 512 barrels in stock. Quoted prices list several grades with bids ranging from 6.25 to 6.87 and 6.40 to 6.66 for various grades.
The cotton seed oil market in New York closed strong with spot at 12.70 bid and futures ranges from November to June. Total sales reached 19 600 barrels with quotes showing mixed bid and asked prices across contracts.
Romanian troops report another success against Austro German forces on the Moldavian frontier. In the Trotus valley Piscul was recaptured while Teutonic troops fled in disorder. Uzul valley saw a Romanian victory with 900 enemy troops captured and five machine guns. East of the Alt valley attacks were repulsed and in Jiut valley the Austro German force was defeated with 1000 dead and 450 prisoners plus 16 machine guns.
The new ten cent pieces worth about $180,000 were distributed to banks and trust companies in Philadelphia on October 28. The obverse features a profile of Liberty and the reverse shows a bundle of rods with a protruding battle ax symbolizing unity, surrounded by an olive branch for peace.
President Wilson commutes the dismissal sentence imposed on Captain H. Waring of the Medical Corps in Hawaii to a loss of twenty five members. Specifications in the case have not been made public.
Charles E. Hughes left Rochester to continue his campaign through New York. He scheduled three speeches today and tonight with a stop in Odgensburg until 6 p.m. tomorrow before heading to Ohio.
Vienna newspapers report Dr. von Koerber, ex prime minister, appointed premier succeeding Count Karl Stuergkh. He has begun forming a new cabinet following the handover, per Reuters dispatch from Amsterdam.
Chicago reports show grain prices with No 2 red wheat at 1.85 to 1.86 and No 2 hard at 1.90. Corn and rye prices are listed with various grades, and provisions include fork lard and ste titers. The note also mentions a holiday in Liverpool with trading activity on the cotton exchange.
The Munson line steamer Muhaalia leaves port today with a mixed cargo for Cyber ports. The Mallory line steamer Lampasas due Sunday arrives with freight and passengers for the return to New York, loading Tuesday. Two vessels will call next month, the American steamer Munson for Munson Line and the Leyland liner Asian at Mobile for Mobile Liners, Inc.
The steamer Consul Corfitson, which arrived recently with a cargo of iron ore, has cleared in ballast for Texas. Vessel operated by Van Heynigen & Co. remains listed in port records.
The United Fruit Company steamer Agnella left port late Friday for sea. The vessel recently delivered a banana cargo and discharged at the Mobile and Ohio fruit wharf.
The steamer Belvernon is due to arrive at United Fruit Company on November 3 from Bocas carrying a banana cargo.
Port Chan Mississippi Sound buoy 16 was found out of position and replaced on October. Authorities indicate corrective action to restore proper marking and ensure safe navigation.
The forecast calls for moderate temperatures over the next 24 to 36 hours. River alerts indicate Tombigbee and branches remain steady while the Alabama may experience minor changes.
Will Tolliver, a Negro, was held to the city court under $6500 bond by Recorder on a burglary charge. Testimony showed Tolliver possessed a valuable Colt revolver stolen from J. W. Gray's home on Dauphin Way during a burglary last August.
Marianwa Pa Oct 28 The entire hold of the Union Coal and Coke Co in the vicinity has been sold to the Midvale Steel and Ordnance Company. Purchase price not announced but believed to be at least 4 million dollars. Holdings include 6200 acres of coal land with three shafts, two idle, operations to resume within weeks.
The Du Pont Powder Company plant at Hopewell Virginia closed this morning until next Wednesday due to coal deficiency and car shortages. About 60 to 100 carloads of supplies will be used up before the temporary suspension is lifted.
Washington reports fair weather and moderate temperatures promised for the Southeastern states in the first half of the week. Forecasts indicate improving conditions and milder conditions across Florida as a weather system moves through.
Funeral services were conducted Saturday for Mrs Teasley Beas who died after a long illness. She had lived in Birmingham and previously spent much of her life in central and Montgomery counties.
London reports two boats with the captain and 16 Cabotia Cabot ships crew members were sunk and 14 Canadian Cabotians. An outward bound vessel may have rescued some, but details are scarce and the fate of the 30 men remains uncertain.
Legal notice announces a mortgage foreclosure sale in Mobile County Alabama by Sheriff W H Holcombe. It lists property described on Government Road and Hunter Street in Mobile and includes the date December 4 1916 at 12 noon in front of Mobile County Courthouse.
Classified ads seek waiters cooks and sales staff with government job prospects and promotional offers. Separate legal notice lists a 1914 libel against the Schooner Albert D Mills with a 1916 court hearing in Mobile Alabama and a seizure of the vessel.
Catherine Costello executrix and Richard A Finch announce a cash public sale of a Mobile Alabama lot with improvements to satisfy the vendor's lien tied to Bertram Vogel's indebtedness to Martin Costello and Richard A Finch. The sale is set for November 27 1916 at 12 oclock noon in front of Mobile County Courthouse. Auctioneer J B McHugh and attorneys Wrein McAleer handle the proceedings.
The officers and members of the Young Men Benevolent Association are notified to attend a regular meeting Thursday at 7 30 P M with Joan H Moore president Henry Probate Goet obituary 27 1916 In Belete of Saville BD Hermann executors in the matter of final settlements and filed their records in the courts.
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