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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jan 22, 1917
Page
3
Market review reports cotton futures in January at 16.80 and July at 17.03 with opening declines and scattered intraday fluctuations. Shipping and Liverpool freight rates influence sentiment as trading remains unsettled near the start of the planting season.
In Yuek Jun 22 spot cotton trades show uplands at 16.75 with no sales and sparse marks. Prices listed include 16.72 217.05 16.89 16.88 17.038 18.88 215.90 15.92 actiet. WT ONY. SPOT COTTON noted with minimal movement and no concluded sales.
New Orleans January 22 Associated Press reports cotton opened barely steady with opening bids for January at 26.02, March at 16.47, May at 16.375, July at 16.3%, and October at 15.58.
New Orleans market report dated January 22 shows spot cotton unchanged with prices for various grades including middling and good middling. Trading activity limited with recalls and stock figures: 208 recalls and 500,470 stock.
Liverpool reports cotton spot prices good middling 10.845 and middling 10.53 with 8000 activities for speculation and export. Futures steady with January February 10.34 and further dates from March to December showing small shifts. Prices appear in pounds pence per pound with various contracts listed.
Shipping shares led early operations with Marine Preferred up over a point and gains in Atlantic Gulf and West Indies. New York Air Brake General Motors and Agricultural Chemical rose 1 to 3 points while Ohio Gas Sears Roebuck and California Petroleum climbed. Bethlehem Steel opened flat then slipped a point and United States Steel held steady.
Chicago and Kansas City markets show gains on news of a German raider sunk and cold Nebraska weather. May wheat moves around 186.5 to 187.9 with July near 151.5 to 162. Corn shows brief support, then eases as hog market weakness drags provisions. Trading remains light with smalllot purchases. hog arrivals higher than expected. Butter and egg prices listed in Kansas City with modest shifts.
Naval stores report shows turpentine firm sales receipts and stock figures for the day, with turpentine and rosin shipments and stocks recorded. The market quotes list multiple grade bids from B to WG and WW, while Jackson Greer of Whiteville visits the city on business.
Butter steady creamery 31 1 2 to 36 1 2. Eggs higher receipts 2034 cases firsts 39 ordinary firsts 35 to 37 at mark 35 to 37. Potatoes unsettled receipts 60 cars Wisconsin 170 to 180 Michigan 175 to 185 Colorado Idaho Washington 185 to 200. Poultry alive higher fowls 18 1 2 springs 18.
St Louis and New York markets show varied poultry prices with hens 16 to 17 1 2, springs 17 1 2, turkeys 26, ducks 17, geese 12 to 16. Butter steady at New York with receipts 6 381 and creamery higher. butter and cheese markets described as steady or unsettled with specific grade quotes and large receipts noted.
Kansas City and St Louis markets show steady to firm cattle hogs and sheep. Hogs lead with receipts around 9 000 at KC and 13 000 at St Louis with prices mostly steady. cattle receipts near 14 000 at KC and 5 550 at St Louis with mixed steer and heifer prices. sheep and lambs also steady with various ranges listed for each region.
Hogs receipts reach 77 000 with steady tone expected. prices span 10.45 to 11.20 for various hog classes. Cattle receipts 23 000 with strong demand forecast. native beef 7.70 to 11.85, western steers 7.75 to 10.00, cows and heifers 4.75 to 10.15, calves 10.25 to 10.45. Sheep receipts 23 000 with weakness. wethers 9.75 to 10.90, lambs 11.75 to 14.30.
Glasgow and at least fourteen other Allied ships hunt the German raider across the South Atlantic. Among engaged vessels are the S8eX and ships from Lienstin Cumberland Vindictive Edinburgh Castle Orama and a depot supply ship. Other British cruisers and a Japanese cruiser are also believed to participate.
New York mercantile paper notes bid and offer on foreign exchange metals and bonds. Sterling 60 day bills 4.72 3-8, demand 4.75 7-8. Government bonds steady, railroad bonds easier. Time loans mixed with 60 and 90 days 2 3-4 to 3, six months 3 to 3 1-4. Last loan 1 3-4, closing bid 1 3-4.
In New Orleans on January 22 the cotton seed oil market showed strength with bids and asks posted for January through August delivery. Spot at 12.70, with various futures prices ranging from 12.34 to 12.80 and total sales reaching 28,700 units.
The metal exchange quotes Lead at 7.70 bid with speculative spelling relative to nominal terms.
New York Jan 22 Rio No 7 coffee futures held steady with March at 47 and May at 854 as trading opened.
A bill prepared by Dr. D C Absher proposes that all full time health officers except current holders must hold state exams. The measure creates a five member board with two appointees from the State Board of Health and three from the Health Officers Association. Examinations would occur annually in Raleigh with criteria on disease prevention and public health law.
Pinehurst North Carolina hosts the annual midwinter lawn tennis tournament at Pinehurst Country Club beginning January 22 with many renowned players in action. The event runs through the week and prizes will be awarded to winners. Billy Miske has been defeating rivals recently, suggesting he could be a tempting opponent for Les Carey.
New York sugar futures softened as commissions liquidated amid limited spot offerings. At noon prices fell 3 to 5 points, while closing levels showed a mix of steady and 3 to 11 points lower. Trading volume reached 3,900 tons with March 3.94, May 3.94, and July 3.99.
A Raleigh audience hears arguments for state homes to aid and rehabilitate wayward women. Proponents cite high relapse rates, economic savings, and public welfare, while critics warn of moral and legal implications amid ongoing political maneuvers over school boards and governance.
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