Markets Pricing Across Months Shows Small Shifts
Market listings indicate unstable futures with rates between 9.54 and 9.60 across markets from November through May. Traders track month to month changes and adjust forecasts accordingly.
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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Sep 22, 1916
Page
9
Market listings indicate unstable futures with rates between 9.54 and 9.60 across markets from November through May. Traders track month to month changes and adjust forecasts accordingly.
New Orleans reports firm spot demand and higher early cotton prices with 12 to 14 point gains, aided by strong interior demand. By noon prices eased 1 to 3 points below yesterday, spots held at Middling 15.50, sales 656 bales to arrive 1150, futures closing stead with small declines across months.
Futures opened barely steady as Liverpool buying supported December to 16.32 and January to 16.40. By midmorning prices eased, testing last night’s close, with spot middling upland at 16.06 and no sales reported.
Cotton spot prices firm in Liverpool with good middling at 9.784 and mid at 9.62. Sales total 7,000 bales with 500 for speculation and export. Receipts 1,000 bales. Futures remain very steady with September-October at 9.55 1-2 and October-November at 9.64 1-2.partial data for No- month shows incomplete quotes.
Liverpool reports weekly cotton forwarded to mills totaling 65 000 bales with 56 000 American origin and stock at 589 000 bales. New York stocks rose with United States Steel and copper issues hitting new highs and a strong close as sugar and other leaders advanced.
Turpentine firm quotes 44c with receipts of 481 casks while rosin firm shows no sales and 1705 barrels in. Bid levels range B and D at 5.85, E 5.90, F 6.10, G 6.15, H I K M at 6.25, N Psage WG 6.45 6.50, WW 6.50 6.60.
Chicago wheats and corns show mixed quotes with No. 2 red wheat at 1.55 and No. 2 blue corn near 87 1 2 cents. Oats quoted around 1.28, hay prices range from 3.50 to 14.00, while provisions list park at 23.05 and lard at 14.75 amid unclear futures.
General Trevino reports two Englishmen killed 10 in the Outlaws raid driven off from the town. Villa's bandestimated at 600. prisoners examined confirm no defections. Government artillery ceased only after successful repulse under Generals Ramos and Merriero.
Two ships were sighted in the lower bay Friday heading toward the city. The Italian bark Porto Para and the Norwegian steamship Nord faren are now fumigating at the quarantine plant. The Maryland, a five masted motor schooner owned by the Texas Oil Co, moved to the foot of Government street for repairs by Alabama Iron Works.
At Camp Charles Henderson in Montgomery Alabama about 800 men of the first cavalry regiment in the south started drills and camp routine with three vacancies. Muster rolls were prepared at the capital and a field hospital was set up as physical exams begin Friday.
Brigadier General Fell Jr of the El Paso district said his Hidalgo Day report on the Chihuahua City attack came from several reliable sources. He would not disclose intelligence sources but affirmed the report was based on facts, not border rumors, and declined to comment on General Trevino's statement.
Strong outposts with cavalry patrols surround Chihuahua City to guard against Villista raids. General Trevino says he is prepared for another attack and pursuing Villa. Three Villista officers have been executed in Parral for revolutionary propaganda, per a message from General Luis Herrera.
Secretary Baker said the War Department would not accept General Bell's Chihuahua City raid report as fully accurate. He noted no solid mill information on renewed Villista activity and suggested Bell acted on rumors from border towns rather than verified army channels.
The ocean going tug Nimrod commanded by Captain Billy Clark docked here Friday morning at 1 o clock after a rapid voyage to Port Arthur. The Nimrod returned from Sabine and completed the trip with the schooner Three Marys in tow in record time.
The Danish steamer Gulfaxe arrived in the harbor Thursday afternoon and is docked at the Munson line piers. The Gulfaxe will load here for the Munson line.
The British schooner Edna V. Pickles sails Thursday afternoon with a lumber cargo bound for Cuban ports. She plans to return to Mobile for cargo on her next voyage. In Florence Latin American students urge protests against Venetian bombardment by Austrian aircraft.
In Mexico the discussion centers on Villa's possible reappearance and its potential effect on American troop movements. The War Department has not sought Bell’s sources, while Funston is expected to relay authentic bandit activity news that could influence Pershing's expedition plans.
Funston announced he placed full credence in a report of Villa's attack on Chihuahua City. He said Brigadier General Jorge Bell Jr and reliable sources who came from Chihuahua City corroborated the battle details, shared with El Paso after the engagement.
Myrtle Williams travels to New Orleans to resume studies at Newcomb College. Mr and Mrs Charles Welch of Whistler visit Mrs Vigor. Clayton visits Mobile. Annie C Walker of Mobile visits friend Mrs A P Howell. George Newbern and wife of Cedar Creek Roy Anders and Dan Cale spend a day in Mobile. Rosa and Mary Del Buono attend a dance in Oak Grove then return. Audrey White visits Mobile friends. Mrs Raa and daughter return from Mobile via Pensacola. Captain Tom Barry of the steamer Peerless vacations at Tate Springs and plans to keep house in Mobile. Mrs W A Bly returns from three months at Mineral Springs Tennessee.
Notices announce estates and bankruptcies with creditors required to file claims. Executrix Melissa Burden of Eveline Jackson estate and several bankruptcies including John E Young O W Hogue William A Lyons list meetings for proofs of claims and trustee appointments with dates in September and October 1916.
A collage of public notices listing items for sale or auction including a dresser washstand gas stove and Edison motion picture machine. a showcase. a 5 room house with 40 acres. a Southern Express Company unclaimed packages sale. and a cow impounded with redemption terms. Also mentions an auction in Mobile Alabama and a local exhibit.
Cotton seed oil market in New York on September 22 closed easier with spot bids at 10.40 and futures in a downtrend. Major contracts listed include January at 10.24 to 10.26 and December at 10.20 to 10.21, with total sales reaching 27 100 barrels.
A collage of classified ads seeks workers including barbers at MOR BARBER COLLEGE in New Orleans for quick completion and good pay plus tips and commissions. Also listings for a reliable colored cook, a settl woman, a store or office job sought by Rene M. Horne in Mobile, and other clerical and graphic work inquiries with contact details.
A mixed set of lost and found notices listing a pocketbook, a light cream cow with horns cut, a French poodle named Duck, a one eighth inch ring, a pipe die and hacksaw, a bank book with trade checks, and a telephone contact for rewards and return locations. Addresses and names included for rewards and ownership.
Two block from car line at Springhill offers a bungalow on one acre with large galleries a servant's house in the yard city water and beautiful trees. Immediate possession. Address 7 30 care stem. Sept 2 31
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