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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Aug 25, 1917
Page
3
Fragmentary market and weather notes reference cotton spot prices and humidity readings. Disjoint data include a price point around 98 and a humidity value near 86. The source shows scattered figures without a clear single event or location.
Local brokers cite favorable crop prospects and new offerings weighing on prices as December futures dip 20 to 30 points. Spot cotton in New York shows middling at 23.20 while wholesale items list varied prices for tea, poultry, and produce inventories.
Washington Aug 25 United Press campaign to increase sea food use to save meat begins with Kenneth Fowler appointed to lead the movement. Goals include better market conditions, expanded distribution, more cold storage and preserved facilities, and improved transport, with focus on Southern fish production.
A proposed labor dispute adjustment board for shipyards will include 3 to 4 members based on the case. W H Macy of New York chairs, with the second member chosen by Samuel Gompers. If the navy is involved Assistant Secretary Roosevelt joins, and local labor and shipping interests sit for private yards. The War Secretary chairs the National Defense Council and has decisive vote in ties.
New Orleans August 25 The cotton market opened with gains of 5 to 15 points on week end buying but a private report of crop improvement in the central belt encouraged selling and the market moved down. By end of first hour trading points were 17 to 22 below yesterday’s close with a steady close reported.
New Orleans on August 25 reports spot cotton quoted 75 points lower with no sales on the spot or to arrive. Prices show low middling around 24.00 and good middling near 24.00. Market tone and exact bale counts not provided.
The cotton seed oil market closed weak with bids around 50 for January and ranges from 14.60 to 14.96 across months. Total sales reached 26,400 barrels.
Chicago August 26 futures show corn and wheat opening unchanged to lower as favorable weather and weak hogs weigh on prices. December corn trades around 1.10 with May near 1.08 while September wheat opens about 2.12 and weakens through the day.
New York August 25 Mercantile pa ber 43-4 to 5 reports Sterling 60 day bills at 42 commercial 60 day bills on banks 4.12 4.72 4 demand 4.75 9-16 cables 4.767-16 silver 81 2 Mexican dollars 4 Government bonds steady Railroad bonds steady.
Turpentine firm 37 1 2 cents with 266 sales, 378 receipts, 159 shipments, 35 324 stocks. Rosin firm 1 590 sales, 1 161 receipts, 2 849 shipments, 94 629 stocks. Quotations list B D and BE at 5.20, F and G 5.20 to 5.22 1 2, H 5.22 1 2 to 5.25, T 5.25 to 5.30, K 5.35, M 5.75, N 6.50 to 6.65, W G 7.00 to 7.07, W W 7.15 to 7.25.
President Wilson expressed to Secretary Baker a preference for exempting married men who head families when possible and for selecting single men for the draft if feasible. He seeks a more liberal exemption policy, conflicting with the Provost Marshal General's reading of the law. Secretary Baker and General Crowder discussed the suggestions today.
Washington's report lists David R. Coker of Hartsville as South Carolina's food commissioner designates by the Food Administration. Thirty two state administrators have been appointed and will enforce the food law within states coordinating activities at no pay.
Master Donald Watts, nine, son of Mrs Isabelle Watts of 305 South Front Street, suffered a broken collar bone and injuries when struck by a car driven by Mr Mills at Front and Ann streets yesterday afternoon. He was crossing east to west and knocked to the pavement, then taken home for medical care.
Stage of water in Cape Fear river at Fayetteville North Carolina at 8 a.m. yesterday reported 3.6 feet.
Paris August 25 Minister of War Painleve sends a warm letter to General Petain commander in chief of the French armies on the Verdun front praising his triumph with officers and men. He notes Verdun was defended and saved and announces Petain receives the Grand Cross of the Legion of Honor.
The weekly condition of clearing house banks and trust companies reports a $68,776,920 reserve in excess of legal requirements. This is down $7,679,070 from the prior week, reflecting a retreat in excess reserves.
Len American Bank and Trust Co. as Executor notifies creditors to present claims by August 28 1917 and debtors to pay promptly. The notice is dated August 24 1917 and concerns the estate of Lula Garrison of Pender County.
Act as depository or agent for voting trustees holding securities or cash under escrow. Call to discuss any matter of interest or write us for free advice on escrow and related matters.
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