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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Dec 05, 1917
Page
3
Opening market saw prices slip from 28.53 to below 28.07 as March touched 27.85. Large buyers appeared late, while spinners fixed prices on reported spot offerings. By midday January advanced to around 28.27, about above last night’s close.
Market notes show Wilmington naval stores price at tar three fifty and sixteen cents while New York spot cotton for no five reports fluctuations.
New Orleans spot cotton prices show declines with sales around 475 and low middling near 28.88 while good middling trades around 27⅞. Prices at Liverpool Cotton fair but steady with American receipts about 3,000 bales and futures for December to April sessions listed.
Reading shows varied quotes for hogs, calves and cows with ranges from 12.75 to 17.45 per unit and cattle figures near 45 to 50 for larger lots. Receipts and notes indicate steady activity and firm prices in several categories despite mixed lots and regional shifts.
The market for cotton seed oil remained steady with spot at 18.24 and 1.14 for December 5. January 18.31 and May 19.00 were asked.
The Federal Reserve announces uniform rate increases affecting several regional banks including Minneapolis and New York. New discount rates rise to four percent for most institutions with exceptions for New York and San Francisco where the rate moves to 12 percent for certain instruments.
The Vatican remains neutral Cardinal Gasparri calls The Morning Post accusation an atrocious calumny and notes clergy aided Italy's cause with praise from Parliament. Bourne says Pope Benedict faced pressure to align with Entente or Central Powers, but the Holy See does not bend to praise or blame.
London papers give President Wilson full prominence to his Congress message. The Daily News hails a generous, just peace and warns against ambiguous wording. The Times agrees on a clear, resolute American aim, denying any compromise or pacifist hesitation.
London dispatch cites Petrograd military revolutionary committee ordering the internment of Kronstadt signers of Sunday manifesto for the provisional government. Signers reportedly fled Petrograd and their locations are unknown.
Indictments target five physicians and two hotel proprietors with complaints leading to charges against two more doctors. The cases arise from a State quarantine law drive by Dr. T M Jordan of the State Board of Health in eastern counties including Tyner Washington and Elizabeth City Edenton and Plymouth. The report praises Dr Ward of Plymouth for effective quarantine enforcement.
A wartime plan urges Congress to suspend anti trust enforcement for rail and water carriers under federal regulation and to finance capital needs with government loans. It favors unified control with safeguards for shipper rates and non discrimination and contemplates guarantees to carriers or repayment terms for postwar property return.
Miss Carrie F. Fiske a school teacher of Lexington Massachusetts has retired after forty five years of continuous service.
The New York New Haven & Hartford railroad has opened a school in Boston teaching telegraphy ticket and freight accounting to train staff for operations. The program covers telegraph dispatching, ticketing procedures and freight records to improve efficiency.
In Fayetteville the man known as Burns or Stein and woman Rose Edwards were captured in Rocky Mount at midnight and charged in the murder of Angelos Moutos. A $500 reward is posted, with $200 from County funds and the rest from local citizens. The case centers on Moutos found dead under a bed at the Martin House after being bound and gagged. Investigations trace the couple’s movements from Dunn to Roseboro, with a chauffeur and motel owner detained. The couple had used the alias Mr and Mrs Wiggins while staying at the boarding house before fleeing with a carnival company.
Testimony details a cotton speculation loss by Mrs. King and notes a November 1916 letter asking for future work. Wwatterson, father-in-law of the defendant, testifies and cross examination continues with documents and objections over ground previously covered.
Congress moves to declare war on the Austria-Hungary government with plans to pass the resolution by Friday. Officials outline steps to handle alien enemies, protect those opposing Austria Hungary, and extend aid to Italy as the United States joins the Allied effort.
General Crowder announces that registrants with low classification and order numbers may enlist or be inducted immediately. They can join the navy or marine corps and be placed in class five upon enlisting, with waivers needed for deferments and dependents. Medical and veterinary students may enlist in the medical reserve corps, and commissions are possible regardless of classification. Enlistment deadline extended to December 15.
The Department of Agriculture asks farmers to raise pork production by 15 percent in 1918 to meet domestic and Allied demand. North Carolina’s allotment is 10 percent with higher targets in Alabama Arkansas Mississippi Tennessee and South Carolina. A shortfall risks higher prices for ham bacon and lard while a successful program could stabilize markets and remunerate producers.
Southern Railway announces the Winston-Salem Morehead City Beaufort Sleeping Car line will be shortened to Winston-Salem Goldsboro line effective after the last cars into and out of Beaufort Sunday August 12. Cars continue on trains 232-112 and 111-287. For details contact Southern Railway agents or J O Jones Traveling Passenger Agent Raleigh NC.
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