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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Feb 27, 1917
Page
3
The report covers New York cotton activity with sinking of the Laconia and international affairs shaping early moves. Prices opened steady to higher with active months up around seven points, Liverpool demand steady, end-month calls traded, and new crop relatively steady with near months showing strength amid scattered buying and covering by March shorts.
Stocks show mixed moves with heavy declines in early trading led by United States Steel and other industrials. Gains emerge in copper and Texas Company as rails and shippings slide, prompting a cautious market readjustment amid persistent uncertainty.
New York spot market for cotton shows middling at 17.05 cents per pound with prices fluctuating through the day. Values cited include several forward figures around 16.7 to 16.9 cents, reflecting a closed high and varied daily range amid trading activity.
Associated Press reports the Lacona disaster constrained early cotton trading in New Orleans with old crop months down 1 to 3 points. After the call prices fell 2 to 11 points before a late rally near noon lifting some contracts. May rose to around 16.42 while December hovered near 15.70 as the market closed steady in thin activity.
Agricultural market report cites Associated Press pricing for cotton seed futures with listed months and price ranges. Trading activity shows multiple contracts around 12.74 to 12.76 per unit and a noted sale total of 36,900 barrels.
New York and St. Louis market notes show butter prices unsettled with receipts around 12 084 in New York. Eggs weak with receipts 9 859. fresh gathered extra firsts 36 1 2. dressed poultry dull with hen prices 17 and turkey 24. Cheese firm with state held specials 26 1 4 and average fancy 25 1 2.
Raw sugar and refined prices move in New York trading as Cuba developments buoy futures early, then ease mid session. March sugar at 4.38, May 4.49, July 4.53 with 31,500 tons traded. closed 8 to 15 points higher from open.
Savannah Turpentine and Rosin trading shows firm receipts and shipments with current stock levels for the period. Prices quoted for grades B through WW are provided, with specific figures for each commodity.
New Orleans spot cotton was steady with 44 point declines. Spot sales reached 16,95 bales with 2,898 receipts and stocks listed at 442,429. Prices ranged from good ordinary to strict middling, with middling at 16.75 and strict good middling at 16.37.
Berlin telegram reports thirty supporters of Admiral von Tirpitz including Count von Hohenzolhern held a meeting in Berlin to discuss changing the Imperial Chancellor. They plan meetings in major towns and seek newspaper support. Socialist and Liberal papers condemn the move.
Water in the Cape Fear river at Fayetteville NC measured 24.1 feet at 5 a m yesterday and was reported as falling.
The discussion centers on reviving 1819 piracy law authorizing the President to employ armed vessels to protect US merchant ships and crews. Senators note potential incorporation of a self defence provision for commanders and crews, with details yet to be determined.
A Queenstown dispatch described the sinking of the steamer Eries, but likely refers to the Aries. The Aries, previously reported arriving at Marseilles on January 21 from Barry, is now thought to be the vessel sunk, amid British westward advances and Teuton retreats.
The Redpath Chautauqua headquarters announced the tentative opening day for 1917 as Saturday April 21. Organizers promise their best program yet with a week of entertainment featuring attractions. The Board of Directors will decide the venue within ten days and tickets, about a thousand at reduced rates, are expected to sell quickly based on last year’s sales.
Chicago today reports no grain market activity as the Board of Trade closed for the day due to the city primary. Grain traders paused operations with no price quotes or futures activity recorded.
New York February 27. Coffee futures showed steady activity with Rio No 7 reaching 934. March contracts traded at 7.73 and July at 8.00, reflecting stable market sentiment.
United Realty Company will hold a public sale on Friday March 28 at the premises. Two properties are offered a large Front Street business parcel adjoining the city market house running to the river and subdivided lots fronting Front Street Water and the river plus a 150 foot deep Market and Magnolia fronting lot with a 30 foot rear street. Free autos depart from James and James on Front Street at 10 am to transport buyers after the Yopp property sale to 1308 Market Street where a separate lot with a two story residence will be offered on easy terms.
Italian forces on a Saturday assault entered the Austrian first line trenches near Vertoiba on the Gorizia front but were later driven back with heavy losses. Meanwhile Turkish prisoners captured by the British at Kut El Amara reach into the thousands as Lord Curzon reports ongoing pursuit and resource gains.
Recorder Harriss dealt heavily with a colored woman for illegal cohabitation. Jim Brown and Lillie Wilson, both colored, were sentenced to thirty days on the county roads and county farm, with Wilson receiving an extra thirty days on a prior vagrancy charge. Ben Grady, colored, got thirty days for assault with a deadly weapon. Others paid costs for drawing ordinance violations. Wash McNeil and Frank Johnson faced continued cases. William Coleman, white, had costs due after a year-long judgment. William King, colored, to be tried Saturday for allowing a dog to run at large.
An auction sale is announced for Friday at 2 30 PM at 17th and Orange. The notice appears as an advertisement dated February 27 1931.
At the semi monthly Wilmington Rotary meeting on Tuesday, members discussed honoring local National Guard troops from Wilmington with service medals and a reception upon their return. President Roger Moore noted a soldier’s wish for work over ovation. A committee was named to address plans at a later meeting. Funds from a recent Rotary play netted about 300 dollars with thanks to the organizers.
Harbormaster E D Williams spent a weekend in Raleigh lobbying for repeal of the license requirement for oyster pickers. He met Governor Chomas W Bickett and discussed a proposed law to aid poor North Carolina coast fishermen. He also spoke with Representatives Grant Cranmer and others supportive of the measure.
The Ohio Society of New York holds its annual banquet at the Waldorf Astoria in Manhattan. Speakers include Governor James M. Cox of Ohio, Charles H. Schwab, Major George W. Goethals, and former Senator Theodore E. Burton.
An invitation to the club to be their guests at Buena Vista Farm next month promises a fish fry and Dutch luncheon. Rotarian Louis Hanson was formally introduced to the club. C H Mooreman spoke on YMCA campaign work, praising local boys' programs as unmatched in the country.
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