Cotton Market Steady as Prices Rise Slightly
The market shows a 56 point gain from yesterday with steady activity. Spot cotton rests 14.75 cents and sales reach 835 bales to arrive, 2,060 bales already pledged.
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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Sep 12, 1916
Page
7
The market shows a 56 point gain from yesterday with steady activity. Spot cotton rests 14.75 cents and sales reach 835 bales to arrive, 2,060 bales already pledged.
A firmer tone in New York and New Orleans markets sees steady opening with gains of 9 to 12 points, December and January rising to about 15.45 and 15.53, then slipping as profit taking and weather forecasts for frost and a south Atlantic storm affect demand. Prices later rally 10 to 12 points before 2 pm, with spot steady at 15.30.
Liverpool reports firm cotton trading with good middling at 9.52 and sales total 8,000 including 800 for speculation and export. Receipts reached 16,009 and futures show a steady tone with listed spreads from September to April around 9.17 to 9.27 per cent.
Turpentine held at 45 1 4 to 49 1 4 cents with 548 casks received. Rosin steady with 1 991 barrels in stock. Prices cited for various grades: B to WG range from 6.90 to 6.50 and WW at 6.75 as market activity noted.
New York stocks firmed as United States Steel opened at 103 3 8 and Bethlehem Steel led gains among high priced issues with seven points. Major industrials such as International Paper and American Smelting rose, while rails lagged early but strengthened with Union Pacific and New York Central. General Motors hit a new intraday high near 625 before closing strong as the market held higher levels.
A dense catalog of stock quotes featuring American and international firms across industries. Entries include companies such as American Can, General Electric, Bethlehem Steel, United States Steel, Pennsylvani a, and Union Pacific with specific bid or price data. some figures show bid prices or rounded quotations. The list reads like a market page snapshot with varied prices and tickers.
Chicago September 12 grain and provisions update notes Wheat No 2 red at 4.52 with a range 1-2 1.543-4 and No 3 red as listed. Market details indicate price levels for wheat futures and cash grain as provided in the daily report.
Jul Grebien of Houston Texas says twenty five cent package of Chamberlain’s Tablets cured his indigestion after over twenty years and doctors said no cure. He states relief and cure within two months.
The clipping shows commodity quotes for corn oats rye barley timothy clover and livestock pork and lard with several grades and price ranges. The figures include No 2 yellow corn 86 86 and No 4 white corn 81 3-4 82 1-2. oats No 1 white 44 1-2 to 45. rye No 2 around 1.24 to 1.25. barley 84 and 1.16. Timothy 3.50 to 4.50. clover 1.00 to 1.40. pork at 27.80 and lard 14.15 to 14.60.
William Hamilton Harry L Puckett George Johnson and Charles Alexander were docketed at the county jail on Tuesday for violation of the dry laws. They posted bond with bondsmen Frank J. Levene Fr L Giblin B F Cody and A Schroeder.
Chicago scores five runs late and holds Boston to one to secure game one victory. Carter and Archer lead Chicago battery. Rudolph supports with Gowdy behind the plate. First game score shows Chicago five runs to one.
Petrograd dispatch notes new Russian successes in the Carpathians with several outposts in the Bialy Cheremosh area near the Bukowina border taken and held. Kapul mountain to the south also captured along with nearly 1000 prisoners.
Official bulletin says an attack south of the Somme toward Belloy en Santerre was repulsed by grenades. A minor operation allowed occupation of a German trench south of Bicoy cemetery. Elsewhere heavy cannonading continued.
A Reuters Athens dispatch confirms Premier Zaimis has rendered his resignation and that authorities are pressing him to withdraw it. The report notes official confirmation and ongoing efforts to persuade him otherwise.
Do bric area in southern Dobrudja reports a Turkish official note of September 10 stating Rumanians and Russians tried a sortie on September 8 but were defeated. Dobric was later occupied by Pulgar ians during the Turkish advance, with Rumanians and Russians driven out.
Weather bureau releases forecast with moderate temperatures for the next 24 to 36 hours. Tombigbee river and branches expected to hold steady for two days. Alabama river level expected to rise tonight and Wednesday.
Henry Goodman, a Black man convicted of murder at the June term of the city court, was moved to the penitentiary Tuesday by Special Agent Brinsfield of the state convict department. Goodman’s appeal to the city court and the higher tribunal was denied last week, affirming the sentence.
Elijah Lewis and Mary Lewis prere docketed at the county jail on a fighting and disturbing the peace charge. They fought with knives at Corception and Madison streets, with both requiring surgeon treatment for knife wounds.
Berlin Sept 12 Turkish war office reports show Russian repulses in the Ognot sector of Turkish Armenia as of Sept 10. Turkish advances toward the Persian frontier are also noted.
The official statement from Landon released in the late hours yesterday details the government position on reported heavy air raids. The brief speech characterizes the incidents as unfounded and urges calm while investigations continue.
The Mobile Board of Commissioners canvassed the September 11 1916 election returns and found Harry Pillans won with 1661 first choice votes against Frank Crenshaw 1055. Pillans holds the office from October 1 1916 to September 20 1921.
The Munson steamer Karen reached port early Tuesday and docked at Pier The Karen will load a cargo for Cuba. The British steamship Newlands of the Maclay line was expected to depart Tuesday after completing part cargo of flour and timber for New Orleans.
The Norwegian bark Dora Rio moved Tuesday from a stream berth to the Turner-Hartwell docks to finish loading a timber cargo bound for British ports.
The Mallory steamship Alamo, due to depart at 5 o'clock Tuesday morning, was late completing cargo and delayed. The Alamo was expected to sail during the day.
The Alabama river packet J. H. Menge loads cargo Tuesday in preparation for a late Tuesday departure. The vessel arrived Monday night with a sizable freight and passenger list.
A large crew works to raise the bay steamer James A. Carney which sank at the foot of Dauphin street during the storm. A crowd watches the recovery operation today.
The Norwegian steamer Yort Gaines arrived at the harbor on Monday afternoon and discharged 29,009 bunches of bananas. The Fort Gaines plans to sail back on Friday afternoon.
The probate court issued marriage licenses on Tuesday to White Charles Wilson and Viola Southall, and to George B. Cleveland Jr. and Inez O. Greenwood.
An Old Standard Grove advertises Taste less chill Tonic as equally valuable as a General Tonic. It notes the well known tonic properties of quinine and tron and is priced at 50 cents.
Cannons caused two large fires at the enemy ammunition depot near Grand Court. There was hostile artillery activity along our front between Delville Wood and Moquet Farm during the night, with no further developments.
Berlin reports the capture of the Somme town Ginchy by British forces. An official announcement confirms the town fell after fighting on the Somme front and notes the British War Office disclosed the capture today.
Frank A Bishoff aged 44 funeral from Francis Zeiman home 658 St Francia Street at 4 PM Wednesday then St Joseph Church 4 30 PM interment Magnolia. Ellen M England wife of George K England funeral from Sutton Avenue Wednesday 9 30 AM Grace Episcopal Oakdale 10 AM interment Pine Crest Cemetery
Wanted 25 men to Hew piling. Apply to W E Carr Fruitdale Alabama. Lost during storm launch Mary Alice about 86 feet painted green with 12 horsepower Wolverine installed. Suitable reward to Home Industry Iron War
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