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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Apr 20, 1917
Page
3
Market review reports renewed cotton weakness with futures easing after an early steady start. May contracts slipped toward 1959 while October suggested readiness to sail. liquids and hedging pressures cited. Weather in the South remained favorable, helping sentiment, with rumors of wet spells influencing the market.
In New Orleans today April 20 better than expected demand lifted cotton prices briefly but rains in Texas spurred selling. By the end of the first half hour trading month’s net change shows a decline of about 13 to 16 points from the early high.
An advertisement urges both men and women to join the Buy In Wilmington movement and register their Kick against purchases from outside the town. It frames cooperation as essential for community welfare and appeals to civic duty.
A “Clean-Up and Paint-Up Week” starts April 30 with Rotary Club volunteers, Councilman W J Bradshaw, and the street department coordinating a publicity drive. W C Jack Lyon of the State Insurance Department visited to stress fire prevention alongside sanitary aims. Prizes await the best looking premises, and school children will play a key role while Bradshaw and Fire Chief Charles Schnibben organize trash removal and identify fire hazards.
On April 20 in New York rails led the market at the opening with1 to 2 point gains on the provisional freight increase approved by the Interstate Commerce Commission. Industrials and specialties moved higher while most trading occurred in small lots. United States Steel rose on 5,000 shares, but reversals appeared within half an hour as New Haven weakness renewed declines in American Tobacco United States Rubber and Malting.
A long list of yesterday’s closing prices for major stocks and bonds across United States markets. Companies include American Telephone and Telegraph, General Electric, New York Central, United States Steel, Union Pacific, Erie, and many others with varying price figures and fractional quotes.
A Spartanburg drug store owner lauds Kilmer’s Swamp Root kidney medicine in a letter dated November 4 1916 praising its quality and recommending readers obtain a sample via mail from Dr Kilmer Co The Wilmington Dispatch notes the ad copy and price ranges for regular bottle sizes.
New Orleans market summary shows spot sales at 18.18 to 20.11 for various grades with good ordinary through strict good middling. Receipts 1,400 bales, stock 345,861 bales. Trade details include arrival status and price tiers across the usual quality ladder.
Butter prices eased to 41 1 2 to 45 1 2 cents a pound. Eggs receipts totaled 30 885 cases with no change. Potatoes receipts stood at 34 cars unchanged. Poultry alive numbers remained unchanged.
New York dairy and poultry markets show mixed movement with improved butter receipts at 7 915 and creamery extras at 46 3 4 to 47 1 4. Eggs steady with receipts 22 237 and fresh gathered items holding firm across firsts 36 to 38. Poultry values steady with fowls 24 and turkeys 20 as dressed meat remains firm. chickens range 23 to 31 and turkeys 18 to 34.
In St Louis on April 19 the poultry market shows steady prices with springs at six to eight dollars per dozen and turkeys at twenty two to twenty three dollars. Butter and creameries unchanged while eggs hold firm at thirty eight cents.
Savannah May 19 reports turpentine firm sales receipts and stock levels with 461 2/3 receipts 160 shipments 96 stocks 9249 while rosin firm sales receipts 332 shipments none stocks 94228 price quotes for B D E F G H L K M N and WG Ww range from 5.50 to 6.05 per barrel with varied grades noted.
Coffee markets in New York on April 19 showed Rio No 7 at 101 8, with May futures at 8.00 and July futures at 8.2 cents, indicating steady demand and pricing.
New York on April 19 reports raw sugar steady but futures slide 14 to 18 points early. Prices for centrifugal sugar at 6.46, molasses 5.58, refined and granulated quoted 7.50 to 8.50 nominal amid Wall Street pressure.
Out-of-town buying and commissions push eased as spot market reacts. The list rallied partially later on buying by trade interests. Closed steady and 2 to 12 points lower with 36 700 tons traded. May 5 29, July 5 44, September 5 52.
In a filed brokerage case the assets are listed as not admitted with numbers 9 8 0 651 463 53 624 388 96 and 9 127 079 87. The document notes S Manager Carl Schriner Home Office in U S Hartford Conn Attorney for Service Jas R Young Insurance Commissioner Raleigh NC Manager for North Carolina Home Offices.
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