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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Aug 20, 1917
Page
3
Wall Street marked another dull session with uneven price moves. Delaware and Hudson slid to a new low while Lehigh Valley Reading dropped. steel names and copper remained weak as shippings tobaccos and oils showed fractional gains.
New York August 20 The cotton market fell sharply early as favorable southwest weather spurred demand relief for drought‑hit crops. Near months eased to 24 points, with October down around 124 points from last week’s high. By close, the market was barely steady amid likely export licensing talk and faster price swings. Spot cotton quoted at middling 25.19.
The New Orleans cotton market rose selling due to increased Texas rainfall and expectations of more rain. By midmorning, trading months fell 22 to 26 points and closes showed a net decline of 60 to 63 points with values around 23 cents for near months and mid 22s for longer.
Spot cotton in Liverpool edged down by 10 points with American grades leading the decline. Middling types ranged from 20.58 for American middling fair to 17.80 for ordinary, with 3 000 bales sold and 12 000 bales received, including 7 100 American. Futures fell about 10 points with August at 18.80 and subsequent contracts ranging down to 16.46 for May-June.
Chicago reports continued good reports from ripening corn as prices open lower today with December at 146 5-8 to 1.07 5-8 and May at 1.04 34 to 1.05, followed by slight gains. Wheat trading is absent, oats show potential large yields weighing on selling, while provisions rise modestly and ribs see the most active trading.
The cotton seed oil market closed steady with bids listed for several futures. Spot bid 1.00, January 14.99 to 15.00, February 10.05 to 10.10, March 15.11 to 15.15, August 15.10, September 15.48 to 15.50, October 15.32 to 15.34, November 14.98 to 15.00, December 14.96 to 14.98. Total sales 42,000. Texas women plan a patriotic demonstration at the State Fair in Dallas this fall.
Spirits 37 12 Rosin N D Tar 3.50 and 0.16 Crude 3.50 3.50 dia 2.50 Spirits 1 Rosin 6 Crude 35 Receipts
Richard M. Hurd, chair of the American Defense Society, urged President Wilson to extend his proclamation barring Germans from marine and war risk insurance to all lines. He argues German insurers possess vital information and funding that would aid Germany, warning U.S. protection is unnecessary and German firms face probable bankruptcy after the war.
Petrograd reports German troops attacked Russian positions near Stakhovsy on the Vilna front but were driven back by Russian fire. In Moldavia, Austro Germans attacked Russo Romanian lines south of Groz echti and were repelled. The day-long battle in the Slav ic region ended with Teutons repulsed.
Vice president W W Atterbury of the Pennsylvania railroad was granted leave of absence to go to France. He is expected to assist in constructing and operating railroad lines for troop and supply transport. Elisha Lee was named acting vice president.
The National War Work Council of the YMCA announces a program of eight million feet of films weekly for soldiers in training at 343 cantonments camps and posts. The supply would stretch from New York to Fargo North Dakota and could fill more than three years of continuous showings.
Stage of water in the Cape Fear river at Fayetteville North Carolina measured at 8 o clock yesterday morning was 5 7 feet.
Traverse City gears up to host the annual Michigan State Federation of Women's Clubs convention this fall, inviting members and delegations to participate in meetings and events.
The piece reports on brutal Turkish policies in Palestine with deportations, confiscations, and loot as Arabs, Armenians, and others suffer. It links these acts to German war aims, notes plundering by Kurds and Turks, and traces historical context back to the Crusades and Peter the Hermit. It critiques Allied and German roles and echoes Allied dispatches.
District Judge Speer ruled the selective draft law constitutional in a public decision. The case centered on Albert Jones jailed in McDuffie County Georgia for alleged violations, with counsel Thomas E. Watson arguing the law infringes involuntary servitude provisions. The piece also notes unrelated historical Crusades and ends by mentioning Dr. Mary E. Walker as the only woman awarded the Medal of Honor.
The Associated Press reports a definite administration interpretation on exemptions for married men and dependents is due within days. President Wilson has considered the issue and is expected to decide the matter himself.
Foreclosure under a mortgage by T Payne and wife and Charles Payne to Wilmington Homestead & Loan Association, default on debt, sale to the highest bidder at public auction at Wilmington Court House. Date: September 19, 1917 at 12 o'clock noon. Property described as 33 by 165 feet on Sixth and Bladen streets, Wilmington. Signed August 20, 1917 by Wilmington Homestead & Loan Association. Attestations by John A. Gaine and Sotto A. M. Reed.
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