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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Sep 03, 1913
Page
7
A fragmentary 1912 note mentions Robert T. Ervin as Referee in Bankruptcy and humorists in Peoria for a week. It cites unions awaiting a seven day period and reports the ordering of an abattoir for dogs amid rising meat popularity as a delicacy, reflecting quirky press commentary.
Cotton futures opened up 8 points on good cables as weather in Texas showed light showers. Traders then sold to trim gains with profit taking by longs, ending the first half hour under yesterday’s close and closing the day with a net gain of 22 to 26 points.
New York September 3 futures rose early on renewed buying and strong Liverpool cables with October and December above 15 cents. After heavy realizing by sellers in the South the market turned unsettled and declined 15 to 20 points from intraday highs, but closed firm.
An illuminated biplane over Melun capsized during a landing attempt after flying for about an hour. Pilot Louis Ollivier and a passenger were mortally injured.
An advertisement touts Dr King's New Discovery as a life saving remedy for chronic coughs throat and lung ailments with a refund if it fails. It features a Malichite Col resident Stillman Green testimonial and cites prices 50c and 1.00 with assurance from Van Antwerp Drug Co. and mentions LIV-VER-LAX from Sut ton Bros.
Cotton spot in fair demand and firm with middling to good grades priced from 6.58 to 8.00. Sales reach 10,000 bales including 8,800 American and 500 for speculation and export. Receipts 6,000 bales, no American. Futures close irregular with several forward-month quotes around 6.8 to 6.9.
Naval Stores in Savannah Georgia lists Turpentine at 39 cents per gallon with 100 casks sold and 1 738 casks received. Rosin shows receipts of 4 371 barrels with price quotes varied across grades B D E F G H I K M N winter green and white ranges from 3.90 to 6.10 dollars per barrel.
The Tombigbee river levels remain steady with Alabama easing slowly. A first of season south Atlantic storm near North Carolina coast may not affect Mobile. high Gulf barometer brings fair weather while a cool air wave rides over the Dakotas and Great Lakes region. Alabama forecast calls for warm, sunny conditions tonight into Thursday. Local forecaster Albert Asенberger notes continued favorable conditions for 36 hour shipments north east and west. The old Grove’s Tasteless Chill Tonic promotes health with quinine and iron. Custom House reports list vessels and lumber exports including pine and tile flooring. shoe production remains strong internationally.
First transactions show a broad price drop with copper shares weak and many issues sliding. Reading Union Pacific Northern Pacific New Haven Amalgamated California Petroleum Pittsburg Coal all off a point. New Haven briefly touches 90 before a small rebound. Bonds uneven. foreign selling and wary investor sentiment amid crop reports and rail earnings talk.
The L and N explains a program of expert agricultural services for farmers. They emphasize shared goals, free expert help, and the aim to raise productivity so more crops mean more freight, inviting farming neighbors to join the initiative.
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