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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jan 20, 1917
Page
8
New York cotton futures opened steady with January 17.14 and May 17.48, but heavy liquidation pushed prices down to 16.90 before partial recovery. Traders cited shipping fears and Southern prices easing as factors, with the day closing steady despite intraday volatility. Financial news by Associated Press.
The North Carolina House convened at 1 o clock with prayer as new bills were introduced on county school boards and superintendents elections by the people. Debates covered adjournment honors for Dewey and Lee, and resolutions favorable to government sites, with a Senate adjournment out of respect for General Robert E. Lee.
The New Orleans cotton market opened steady with bids for January 16.77 March 16.80 May 16.99 July 17.10 and October 15.93. Fear of more aggressive attacks on shipping triggered a wild selling movement as trading began, with prices dropping 46 to 52 points from yesterday's close in the first half hour and little support appearing.
Cotton seed oil prices eased with spot at 12.40 and various months ranging from 12.28 to 12.52. Total sales reached 15,500 while naval stores in Savannah showed steady turpentine at 53c and rosin firm with extensive receipts and stock levels.
Queretaro, Mexico, January 20. The constitutional assembly approved an article regulating the manufacture of alcohol. The industry is said to consume one fourth of all the corn grown in the republic and the article is expected to reduce the liquor traffic.
Oregon and California Railroad Co announces revesting of title to two million three hundred thousand acres of Grant Lands by Congress on June 9, 1916. Lands include power site timber and agricultural tracts described with soil climate rainfall elevations. Large sectional map available postpaid for one dollar from Grant Lands Locating Co Box 610 Portland Oregon.
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