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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Aug 27, 1917
Page
3
Market overview from New York shows cotton opening steady higher by 4 to 9 points before slipping to lower levels. October and January futures declined from mid-morning highs, with quotes around 21.40 to 22.07, while spot cotton steadied near 23.10 middling as Wilmington naval stores quoted limits and Chicago grain traded on cooler demand.
In New Orleans on August 27 cotton traded with early firmness but drifted downward as favorable weather and crop outlooks weighed. By mid-morning the active futures were 37 to 41 points below Saturday's close, with the market closing steady and net advances of 23 to 26 points.
Liverpool cotton market reports a 60 point drop in spot prices with American middling at 19.23 good middling 18.80 and other grades lower. Sales total 2,000 bales, receipts 4,000 bales. Futures also down with August at 17.15 and May-June at 15.11.
The cotton seed oil market in New York closed firm with spot and futures mixed. Prices listed: January 14.51, February 24, March 14.65, August 14.65, September 14.73, October 14.72, November 14.54, December 14.49, total sales 42,800 barrels.
The Manchester Guardian reports Britain’s government has briefed troops in France on American war aims and ideals. Dr Kellman, recently in the United States, has been lecturing troops on American ideals and efforts with noted success.
Governor discussed New Jersey food prices citing weekly Market reports and argued for federal price control legislation covering retailers and intermediaries between producers and retailers. National League averages show the Cubs underperforming. Mitchell's batters and pitchers are not prominent in the statistics.
Turpentine firm 371-2 shows sales 265 receipts 158 and shipments 233 with stocks 35 249. Rosin firm reports sales 828 receipts 808 shipments 1 160 and stocks 94 277. Prices range across several labels from 5 20 to 7 25 with various identifiers WW W and letters.
Calvin Culpepper of Pelham Georgia a member of Battery D First New York field artillery was erroneously reported killed while fighting a fire at the Catholic Summer School Cliff Haven near Plattsburg New York He was injured but his back was not broken and doctors expect he will probably recover at the hospital
Public sale to satisfy a mortgage by L P Mathews and Lille Mathews dated May 31 1915 recorded in Book 78 page 8 New Hanover County NC. On Sept 27 1917 at noon at the Court House Wilmington the Carolina Insurance Co will sell parcel Carolina Place lot 7 block 27 bounded Perry Ave Nineteenth St and alley for cash to highest bidder.
The Stage of Water in the Cape Fear river at Fayetteville North Carolina at 8 a m yesterday was not received.
Secretary Daniels expected to ask Congress for at least 350 million dollars to expand shipyards and build engine and boiler plants for a standardized destroyer program. The plan aims to speed production and crew training as the navy becomes the world leader in destroyers. Details on ship counts are withheld for security.
Dealers who control a large part of the ice output of the United States met in Chicago to discuss cooperation with the government in its food conservation program. Herbert Hoover sent a representative to advise on aiding the department. David A. Brown urged selling ice at a price that makes it a real economy and ensures the cost to the housewife is less than food waste avoided through ice.
The Patriotic Education Society warns of German propaganda aimed at inciting insurrection by African Americans. Anonymous postal cards and letters urge rebellion and promise a colorless order under German rule, reported to officials by Black leaders.
Senator Sheppard presented a petition at the White House signed by all Texas Congress members calling for withdrawal of all negro troops from Texas. President Wilson’s reaction was not disclosed by White House officials.
Representative Porter plans to introduce a bill creating a Foreign Legion in the American army. He argues aliens from allied nations should be drafted or deployed where they can be supervised in language groups. He notes 1,239,179 noncitizens are not subject to draft and urges immediate action to avoid discontent and discipline issues.
Secretary Lansing said a reply to Pope Benedict's peace proposal would be issued soon but refused details on its character or timing. Entente reports indicated they might await the U S first reply.
Eczema and skin eruptions stem from impure blood and are cured by cleansing the blood. S S S is promoted as a premier blood purifier, claimed to be the oldest medicine of its kind. The advertisement invites readers to write for full treatment advice to Swift Specific Co. in Atlanta Georgia.
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