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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jan 15, 1917
Page
3
Market notes show spot cottons and petroleum futures varying through early session while December consumption figures from Mees Hureau influence prices. London and New Orleans offering activity creates notable selling pressure, with losses extending toward the close as cables ease and first trades loom.
An uneasy tone settled over New Orleans cotton trading as the market opened the day with declines around 29 points amid small U S consumption figures for American mills, as reported by the census bureau.
Liverpool market reports spot cotton steady to lower with cool middling at 11.11 pence. Futures show January at 10.43, February at 1.45, and other front months ranging near 10 to 11 pence. Receipts listed at 12,000 bales for the week amid speculative interest.
In New York on January 17, cotton oil closed strong with spot at 12.20 and futures advancing. Prices for February through July moved within narrow ranges with several contracts quoted around 12.15 to 12.21 and 12.08 to 12.19.
Associated Press reports results in Savannah on January 15 with Turpen t plant sales, receipts and stock tallies for turpentine and resin firms. Lists prices for various products including spirits rosin tar and crude with receipts and stock figures for cotton spirits rosin tar and crude noted.
After three months of delays the Wilson Dispatch with a large weekly circulation suspended Sunday morning publication. The paper resumes in an enlarged form under new management and will continue from the Rocky Mount Telegram plant until a new outfit is organized. Names will be announced soon.
Wheat futures climbed as U S exportable stocks to July 1 fell to 74 million bushels and Gulf port clearances neared 2 million weekly. May and July contracts edged up before a partial pullback as Argentina crop damage buoyed corn and oats while fats eased.
A series of brief notices lists Bishop T C Darst and others returning from meetings in New Bern and various local officials and visitors departing for assignments or trips. Health, hotel management, and defense personnel are noted among travelers to Washington, New York, Baltimore, Philadelphia, and Dunn with periodic city calls.
Stage of water in the Cape Fear at Fayetteville North Carolina at eight oclock yesterday morning was five feet and rising slowly.
Stocks opened with United States Rubber up 21 2 points and Central Leather down 23 4. Most active issues rose modestly as motors and accessories gained on rubber optimism. United States Steel International Nickel Marines Pacific Mail and Pressed Steel Car edged higher while rails stayed uneven with Long Island up about three points.
Live stock market report from Kansas City dated January 15 shows hogs with receipts at 13,000 and prices mostly 9.00 to 10.75. cattle receipts 14,000 with primes at 1.75 to 11.50 and cows 5.25 to 9.00. sheep receipts 13,000 with lambs 13.00 to 13.85 and yearlings 11.50 to 12.50, wethers 9.50 to 11.25, ewes 9.00 to 9.85.
St Louis market notes show cattle and hog receipts and price ranges for the day with steady beef and pork values. Stock listings include numerous corporate and industrial securities with varied bid and quote figures across major exchanges.
New Orleans reports cotton slumped about $3 a bale amid bear selling driven by weak December mill consumption figures and cold wet weather in the South. Bear pressure hit opening trades with declines of 46 to 65 points, while long liquidation followed the December consumption data and weather forecasts, though outlook for the new crop showed improvement.
Six deeds recorded in the register of deeds office list transfers by Manhattan Company to Leon K. Anders a Manhattan lot for 100 dollars and other considerations Kure Land Development to Frank Barry a Fort Fisher Sea Beach lot for one dollar and other considerations Joseph W Little commissioner to M W Jacobi two lots at Villa View 275 New Hanover Transit Company to D C Fussell two lots at Carolina Beach New Hanover Transit Company to Marvin Wade a lot at Carolina Beach Frank A Thompson to Arnold Stovall a lot at Carolina Place 100 dollars and other considerations
The census bureau reports December cotton consumption excluding linters at 536,587 running bales and five month tally to 2,763,962 bales. Ending stocks in consuming establishments rose to 2,362,960 bales, while public storage and compresses held 4,065,178. Spindles active reached 32,964,474 with exports at 737,502 bales. Linters used in December were 69,610 bales with 106,627 bales in stock and 142,472 in storage, and linters exports totaled 10,081 bales.
Senator Simmons remains indoors in Washington D C due to a severe cold and ongoing bad weather. Physicians advise several more days of rest as the illness lingers after last Tuesday when the cold forced him to stay inside.
Special Correspondent recounts a day in New York city life with snatches of diary style notes. The piece covers routine errands, a park stroll, police reprimand over a dog, a Panama Canal digger talk, and linguistic curiosities around the word egg. It mentions Tad Dorgan and Damon Rumyon and contrasts city and country living.
In this medical note by Valentine Mott Pierce M D Prof Alex Haig of London is cited for the uric acid theory of rheumatism. The piece urges hot water drinking Anuric tablets and periodic laxative pills to flush uric acid and prevent rheumatic pain and gout. Open air exercise and diet are recommended to build health.
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