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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jan 16, 1917
Page
3
Cotton prices edged higher amid bullish overnight tips and steady demand. May and other months advanced after early declines, with gains around 20 to 28 points, while new crop prices held about 25 points above last night’s close as trading firmed.
New Orleans January 16 buyers enter the market as spot interests reportedly step in. Prices rise 12 to 1 point with scant offerings in early trading and a 25 to 4 point wide up-tick later. Spot cotton falls four points with good to strict middling quoted around 17.75 to 18.37 and receipts at 439. Stock at 507,049.
The cottonseed oil market closed firm with spot bids and futures prices listed for January through August deliveries. Notable bids include January at 12.20 to 12.35 and March at 12.26, with several months showing slight variations.
Liverpool on January 16 reports good middling cotton at 10.93 pence per pound and middling at 10.61. Sales reach 7,090 bales with 500 for speculation. Receipts total 11,000 bales. Monthly and seasonal price quotes listed from January to December with various futures-like ranges.
Associated Press summary shows wheat and flour market figures with No 2 red, No 2 hard, No 2 white prices for May and current delivery. Includes form numbers and price ranges in a compact, market update style.
AP dispatch from Chaco notes butter at 31 12 to 37, eggs lower with receipts of 38 845 cases, and firsts at 38 to 47. Totatoes receipts 45 cars, with un listed changes.
New York stocks opened with United States Steel, the Shipping group and Industrial Alcohol leading gains of 1 to 2 points on moderate volume. Mexican stocks held firm on joint commission dissolution, Baldwin Locomotive, General Electric and Westinghouse rose, rails improved with coalers. Reading and Norfolk and Western posted notable afternoon gains as industrials saw mixed selling while Steel advanced.
Savannah ga January 16 Associated Press reports turpentine firm activity with 53 sales 100 receipts 199 shipments 95 stock 22416 rosin firm sales receipts 1561 shipments 7 stocks 87976 quotes as B D F G 62712 H L 635 K 650 M 670 N 695 W G 700 WW W 725
New York January 16 raw sugar quiet with centrifugal 539 molasses 452 refined steady fine granulated 675. Sugar futures eased under selling by trade interests after bearish weekly Cuba figures. noon prices showed four to five points lower.
Chicago reports a 3 385 000 bushel drop in the nation's visible wheat supply last week fueling gains. May futures climb to 185 1 2 and July to 149 as Berlin signs and strong livestock outlook lift prices. Hog and cattle receipts show firm to higher ranges with varied livestock values across categories.
Kansas City hogs receipts 18 000 with gains 10 to 15 cents. heavy 10 85 10 95. cattle receipts 12 000 with prime fed steers 10 75 11 50. cows 5 25 9 00. calves 6 50 11 50. Sheep receipts 1 200. lambs 13 25 12 90. St Louis hogs receipts 16 000 up 15 cents. lights 10 30 10 90. cattle receipts 6 000 steady. native beef 7 50 11 50. calves 6 00 13 00. Sheep receipts 1 600 higher. lambs 12 75 14 35.
London reports the first session of a conference following President Wilson's note. The Entente aims to continue the war until goals are achieved, with emphasis shifting from diplomatic to military questions. A separate Swiss reply will be brief and formal, acknowledging Wilson’s inquiry.
The congressional leak investigation cites J P Morgan H P Davison and other financiers as potential sources of information. Lawson disputes tying names to Henry statement while recounting meetings with White Untermyer Senator O Gorman and Owen. He recalls figures such as Fisk and Visconti involved in alleged stock dealings and seeks clarity on disclosures before possible jail.
Butter steady with receipts 10 121. creamery higher than extras at 40 to 40 1 2 and 92 score for creamery extras. Heen-afier receipts 7510 with fresh extra firsts 51 to 52 and firsts 50, refrig erator seconds to firsts 387 to 39. Cheese steady with 5251 receipts. state held specials 24 1 2 to 3 4, do average fancy 23 1 2 to 24. Dressed poultry strong with chickens 18 to 28 fowls 16 to 29 turkeys 2 to 33.
New York January 16 toy makers at their annual convention discuss plans to transform the Fourth of July into a mid summer Christmas with Uncle Sam as the patron saint rather than Santa Claus.
Major General Leonard Wood the senior field officer in the U S Army and his staff arrived in the city from Atlanta shortly after 1 pm and boarded the Captain Morrison to Fort Caswell for a coast defense inspection. Colonel Bennett met the party at union station and escorted them to the steamer as luncheon was served. A banquet may follow tonight before Wood continues to Governor's Island New York to review the southern coastal defenses.
Walter B Edge was inaugurated as New Jersey governor at the Taylor Opera House in Trenton with oath by Chief Justice Gummere. The outgoing Governor James F Fielder presented the state seal and Edge spoke before the inaugural parade review with state officers and legislators present.
The Cape Fear River at Fayetteville North Carolina stood at 8 a m yesterday at four feet in stage. The sunrise and sunset times are listed for Wednesday.
Unconfirmed Lloyds report says British steamship Brookwood of 3093 tons and Norwegian ship Thelma of 1896 tons were sunk. Mine strike also destroyed Granfjeld formerly Alfred Du mois of 729 tons with eight crew killed.
Wilson reports sixteen farmers met last Saturday to plan a local branch. They will reconvene January 27 to finalize the organization. Twelve loan applications totaling 32500 have been signed, with minimums of ten members and at least $10000 available for loans.
Robert T. Ervin of Mobile was nominated by President Wilson to be United States district judge for the southern district of Alabama.
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