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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Sep 27, 1916
Page
7
Market notes show steady prices with low middling around 14.88 and good middling at 16.00. Receipts for today 9631. exports 450. stock 726,843. Consolidated figures include U. S. port receipts and exports to Great Britain and other destinations. monthly and seasonal price trends listed.
Poor cables and hedge selling eased cotton prices early with declines of 7 to 12 points, then steadied near yesterday's close. By noon New Orleans active months traded 2 to 3 points above, while New York prices dipped to about 16.00 for December before recovering modestly as private crop reports influenced traders. Spot cotton in New Orleans closed steady with Middling around 15.58 and spot sales noted at 515 to arrive 2385 bales.
Liverpool reports cotton spot in moderate demand with prices down. Good middling 9.66d, middling 9.50d, low middling 9.34d. Sales reach 10,000 bales including 2,500 for speculation and export. receipts 7,000 bales. futures closed quiet with October shown.
Stocks rose broadly with rails advancing and copper and industrial issues leading gains. Major moves included Union Pacific, Southern Pacific, Pennsylvania, Reading, New York Central and strong climbs for United States Steel, Crucible, Republic Steel, General Electric, and Texas Company.
Wheat and corn futures showed uneven moves with No 2 red wheat around 1.55 to 1.56 and corn No 2 yellow near 87 to 88. Oats held around 46, rye at about 1.24, and barley near 1.15. Nearby pork and lard futures traded to 28.10 and 14.52 respectively as markets closed mixed.
Alabama State Harbor Commission calls railroads, steamship lines, property owners and other interests to Mobile for a October 12 gathering to discuss port development and cooperative support. The letter, drafted by R V Taylor, extends to L and N and Southern officials and local exporters.
Two ships are under quarantine at Fort Morgan before entering Mobile. The American schooner Malbourne T. Smith will be quarantined six days, and the Norwegian bark Duncraig will arrive once discharged. Both light and bound for Mobile to load.
The Russian bark Port of Caledonia arrived in the lower bay Tuesday afternoon and sailed this morning for Sabine Pass after receiving orders. It did not dock at the city.
The Danish steamship Nordfarer, now at a berth in the stream after loading iron ore at the L. and N. wharf, has begun loading a cargo of lumber following the shift on Tuesday afternoon.
The American barge Holliswood moved this morning from the Southern docks to the Jurner Hartwell docks and will begin loading a lumber cargo of four units.
The schooner Joseph P. Cooper passed through the channel this morning bearing a cargo of lumber.
Savannnah reports on turpentine firm sales and receipts with 43 3-4 cents from 6 sales and 247 casks. Rosin firm has no sales and 914 barrels received. Prices quoted range from 5.90 to 6.62 1/2 with various grades in between.
The cotton seed oil market closed weak with spot and futures varying across months. Spot bids at 10.40, October futures around 10.27 to 10.39, November 10.09 to 10.11, December 10.12 to 10.14, January 10.15 to 10.17, February 10.20 to 10.28, March 10.37 to 10.39, and April 10.51 to 10.52. Total sales reached 32 700 barrels.
The commission seeks cooperative aid to examine a planned Mobile wharf and dock expansion. Topics include location, construction, financing, and anticipated traffic. Attendees urged to attend or designate a representative to discuss each phase of the project.
Berlin reports German airships bombarded Portsmouth and coastal targets near the Thames as well as North Shields Lincoln and Derby. The raids occurred overnight September 25 26 and faced strong anti aircraft fire without stopping the vessels.
Paris dispatch reports a strong, well fortified wood captured by brilliant French attacks east of Vermandovillers. Serbian forces repulse three Bulgarian assaults on Kaimakcalan height on the Salonika front per a war office statement.
London dispatch reports additional gains by Allied troops beyond the capture of Combles as outlined in the official communications issued last night. The update notes progress on the Western Front with persistent pressure against German defenses.
British forces occupied the Thiepval area on the Somme front including the high ridge and a fortified redoubt. Delayed Haig report notes 3,000 to 4,000 prisoners captured over Monday and Tuesday as battles raged across the front.
Four thousand Greek troops in Cananea joined the revolutionists, radio from Athens reports. Only a colonel several officers and twenty five soldiers stay loyal to the government.
Corrected returns from 1,437 of 1,898 districts show Austen Colgate leading the Republican governor contest with 58,501 votes to Edge's 53,502. An Essex County error reversed Colgate’s results there, where he actually gained 2,107 to Edge's 10,150. Senator Martine extends his lead for the Democratic U S Senate nomination.
Charles E. Hughes arrived in Pittsburgh and scheduled a tight itinerary through industrial towns. He rode in a parade of autos with Republicans from western Pennsylvania eastern Ohio and northern West Virginia. The day included stops at Carnegie Steel Company mills and brief remarks at Carnegie Library in Homestead and in Duquesne.
Legal notice from September 25, 1916 stating the master K. J. Plomgren, owners, and consignee are not responsible for any debts contracted by the crew on the Swedish steamship Liguria.
The Army seeks able bodied unmarried men under 35 who are U.S. citizens of good character and temperate habits. Applicants must speak read and write English. Information at Recruiting Officer 108 St Francis Street Mobile Alabama. September 23.
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