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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Dec 16, 1917
Page
10
The report shows cotton futures trading with March and January deliveries around 28.29 and 28.29, slipping modestly and closing steady with small declines. Nearby prices hover near the 27.4 to 27.7 range as spot upland cotton in New York reflects activity and price levels.
In New Orleans on December 15 heavy liquidations dominated the first half hour trading with declines from 40 to 47 points. The market ended steady with spot cotton unchanged and middling around 29.00 as receipts reached 7,235 and stocks listed.
Dee reports 16 weekly cotton forwarded to mills 63 000 L American 50 000 stock 401 000 imports 48 000 exports none. United States origin numbers and currency noted. No explicit destination details beyond mills and stock levels.
The article notes an overall reserve of 170,846,650 held by banks and companies for top weeks, marking a rise of 71,802,140 from the prior period. It highlights strength in reserve holdings amid evolving financial requirements.
The Cotton Seed Oil market in York shows no sales. Prices listed include December January at 7 and 55 units and March at 18.85. Market activity appears quiet with no new bids or offers.
Advertisement claims Snake Oi Positively Believes Pain dissolves in three minutes for rheumatism lumbago and sore joints. It says internal use helps coughs colds croup throat diphtheria and tonsillitis with immediate relief by applying ten drops to leather and inhaling through the skin. Sold by Robert R Bel Deng Co with trial bottles in 6 8 and 1.00 prices.
Notice of land sale under deed of trust executed by Alex and Lettie T. to secure Needhan T. judgments. Trustee will sell at Wilmington Court House door on Friday December 11 at 11 a.m. the land in Carolina Beach North Carolina described as a 100 by 60 foot parcel abutting Caroling Peach Avenue and other streets within Joorit Section block 29. Deed registered Book 96 page 160.
Savannnah naval stores report shows turpentine firm 431-2 with sales 72 receipts 160 shipments 117 stock 25 737 while rosin firm posts sales 896 receipts 991 shipments 710 stock 79 692. Quote levels listed B D E F G H I K M N W G W W indicate prices from 6.05 to 7.60 with varied grades.
Chicago livestock market report for December 15 shows hog receipts at 20,000 with prices ranging from 11.25 to 16.20 for various classes, cattle receipts at 2,000 with steady trends and prices from 3.09 to 18.10, and sheep receipts at 2,000 with lambs and feeders priced between 8.90 and 16.75.
Two probing House inquiries begin Monday aiming to scrutinize Navy administration and the spending of large Navy Department appropriations. The Naval Committee plans to summon officers down to Secretary Daniels for detailed testimony on ships conditions and service efficiency. The Expenditures in the Navy Department panel will examine how the massive sums were spent.
Ottawa reports electors across Canada prepare to vote on Monday in a wartime election deciding if Sir Robert L. Borden or Sir Wilfrid Laurier will lead. A Liberal victory could end Borden era and accelerate conscription and war measures. Campaigning has been intense nationwide with final voting logistics arranged.
Rev. T. J. Browning of South Jacksonville Florida is visiting friends in the city for several days.
New York stocks weakened after yesterday's broad gains as profit taking and short selling pressured rails and steel shares. United States Steel fell to 81 3 4, with declines in copper, equipment, shipping, and other major groups. total volume around 350000 shares as the close remained weak and Liberty 48 traded around 97.30.
In Chicago on December 15, corn and oats declined after forecasts of milder weather reduced receipts prospects. Hog prices dropped sharply, dragging pork lower, while export demand from the gulf weakened. Cash quotes show corn No 2 yellow and No 3 yellow trading nominally, with oats No 3 white around 75.75 to 76.75 and related pork lard and ribs pricing printed.
J B Huntington, longtime local Y M C A secretary, has declined an offer from the International Committee to serve abroad in France or with troops behind the lines. He will remain in his post here after seven and a half years of steady growth and community impact.
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