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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Sep 05, 1916
Page
7
Today’s markets note receipts of 5,000 bales with futures quiet and steady. Key futures values cited: September-October 9.61, October-November 9.61, November-December 9.57, December-January 9.56, January-February 9.56, February-March 9.55, March-April 9.54, May-June 9.52.
New Orleans reports a softer western belt spot, with opening declines of 7 points before a sharp rally. By noon prices slipped six to ten points from Friday, while afternoon trading saw declines of 20 to 27 points from last week’s close. spot cotton remained firm at 1,000 bales, Middling 15.63, with the market ending the day steady but down 20 to 27 points.
The cotton market opened steady with declines in October but rose 5 to 9 points on firmer cables. Hedge selling near months faded as old longs bought back, while weather reports showing heavy rain in Oklahoma pressured December and January futures. By midday December eased to around 15.85 and January to 15.93, closing easy after a volatile session with spot cotton quiet and middling at 15.95.
Cotton spot prices in Liverpool show steady trading with good middling at 9.87 pence per pound, middling 9.71, and low middling 9.55. Sales reach 5,000 bales with 700 bales set aside for speculation and another portion for something unspecified.
Savannah reports a turpentine firm selling 65 casks with receipts of 550 casks and rosin receipts of 1 487 barrels. Quotations show B 5.75 D 6.80 EB 5.85 F 6.05 G 6.10 H I 6.20 K 6.25 M 6.30 N 6.35 WG 6.50 WW 6.60.
Wheat and corn prices list bid and ask ranges for No 2 red and other grades. The report includes oats barley timothy clover and lard rib prices with scattered figures and notes from Chicago trading on Sept 5.
New York stocks rise on reopening after the double holiday with United States Steel Marine standard Oil and other leaders hitting new highs. Rail shares advance late while larger gains come from steel copper and chemical issues amid varied trading.
The cotton seed oil market in New York ended the session firm with spot at 10.10 bid. September to April futures quoted with small gains and total volume around 52 600.
London reports that officers and men of the German airship destroyed during a raid will receive full military honors. Bodies to be buried in churchyard graves with oak coffins and German flags, to be carried by gun carriage. British soldiers to form the firing party and a army chaplain to conduct services. An inquest was held at Guffley. Wreckage near the east coast may be from another Zeppelin gondola.
Paris dispatch states comparative quiet persists on the Macedonian front. No infantry fighting occurred yesterday while artillery activity remained fairly active and patrols carried out various enterprises.
The American tank steamship Francis Hanity is en route to this port from Cuba with about 700000 gallons of blackstrap cargo. Expected to arrive late this week. The Norwegian bark Deveron reached Fort Morgan Monday night and will stay at the lower bar awaiting orders, sailing from Rouen, France.
Pilot John Dorgan received orders this morning to board the American four masted schooner Henry W. at port as part of a planned departure.
The cargo ship departed days ago bound for the United Kingdom carrying lumber and timber.
Charles Bidgood, assistant manager of the Bahamas Timber Company, announced that the American steamships Thyra Menier and Dorothy were chartered to make two trips each from this port to the north side of Cuba during September. The Dorothy has already made several trips, while the Menier recently departed with about 900,000 superficial feet of pitch pine for Cuba.
The American coastwide steamship Tarpon of the St. Andrews and Gulf line departed the harbor just before dusk Monday on a return voyage to Pensacola and other Florida points, carrying passengers and freight.
The American steamer Lampasas of the Mallory line sailed Monday, a day early, bound for New York via Tampa and Key West. The ship carried passengers and a substantial cargo. The Pasas arrived Saturday afternoon and departed Monday.
It was announced yesterday that the Norwegian steamship Agnella of the United Fruit Company will come to this port Wednesday. She was at first ordered to Galveston Texas to discharge her cargo of bananas and is coming up from Bocas del Toro Panama.
The British steamship Norwegian of the Leyland line, which arrived Sunday, began taking a general merchandise cargo at the municipal docks. The Norwegian is consigned to Mobile Liners, Inc.
The steamship Janeta of the Maclay line is due here this month to load a second cargo of general merchandise from this port for Scotland. The steamship Newlands is also in port loading cargo for shipment.
Active work to convert the American ship Avenger into a barkentine will begin this week. The project aims to repurpose the vessel for sailing duties and is expected to reenter service after conversion.
The Swedish bark Barden departed the harbor around 10 o clock Tuesday morning bound for the United Kingdom.
The British steamship Newlands was expected to reach Fort Morgan this afternoon to load a general merchandise cargo for Scottish ports aboard the Mac lay lime.
Captain Jack McIver brings the four-masted schooner Three Marys into port from Genoa Italy. The ship, consigned to his command, is expected to load a pitch pine cargo this week. McIver has many friends in the port awaiting his return. En route from Mobile to Genoa several months.
Captain J. M. Scott and Brothers sold the Three Marys to Eastern parties. Captain Mc Iver persuaded the new owners to permit his return here.
Pilots have been advised that the schooner Alice B. Phillips will be ready to leave the harbor this week.
The American schooner Georgia Gilkey loaded by the Bahamas Timber Company cleared from port on August 29 carrying 474 188 superficial feet of pitch pine lumber aboard.
For the described premises a sale is conducted to pay the debt secured by the mortgage. Attorneys Stevens, McCorvey and McLeod represent the mortgagor C. M. Marriott. Amount shown $22-299:5.
Default made in payment on three notes secured by a 1916 mortgage to Marie Hanly and Walter Reese, later assigned to Ellen E. Hanly. Ellen Hanly will sell at public outcry on September 29, 1916, at Mobile County Courthouse, the Lot 2 and 3, Square 63 of Camp Ground tract on Basil Street, Mobile with 81 feet frontage and 110 feet depth.
Inspectors of hulls and boilers Leaders and Bean conducted a Tuesday morning inspection of the tug Nemisis.
The Norwegian steamship Vika of United Fruit Company is due Saturday at the harbor from Boca del Toro Panama with a cargo of bananas.
Mr. John Norville son of Captain Joseph H Norville a local bar and bay pilot accepts a position as quartermaster on the American steamship Lampasas of the Mallory line. He was formerly with the United States quartermaster steamer General S B Holabird. Quartermaster Cyril Tucker who held the post will return to Auburn Polytechnic Institute this winter.
Notice of mortgage sale authorized by C. M. Marriott against Henry L. Hieronymus and Kate V. Hieronymus. Mortgage recorded September 11, 1912 in Mobile County Alabama. Sale scheduled September 14, 1916 at the Mobile County Courthouse door to satisfy the debt. Property described as a lot on Monroe and Franklin streets with improvements.
Gulf Lines Co owners warn all parties that they will not be responsible for debts contracted by the major crew of the schooner William H Davenport. Louis Donald & Co acts as agent with Ra 9:2.4- designation.
A black and white ticked setter dog missing near Ann street with a liberal reward offered at 927 Dauphin street. A gold cigar cutter watch charm engraved with W. E. M. and a date is reported lost somewhere in Mobile or on a Louisville and Nashville train with a liberal reward offered at Circulation Manager The Mobile News. A Mary Alice launch about 85 feet, with a 12 horsepower Wolverine engine, was lost during a storm and is to be returned to Home Industry Iron Works with suitable reward.
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