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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jan 24, 1917
Page
3
Market Review and marine weather notes show varying spot prices with ranges from 17.00 to 65 cents and several figures such as 40c 45c 50c 60c in different commodities. The record includes multiple small price figures alongside trade terms and coastal market observations.
Cotton futures eased from early gains with January at 16.79 and May around 16.88 as liquidation and selling pressure weighed. Prices fluctuated through the day with active trading and spillover from export activity, while spot cotton in New York stood around 17.10 for middling uplands amid a quiet market.
Cotton opened quiet on January 24 with bids showing March 16.48 and July 16.66 while October 19.55 and December 13.68 were asked. A loss of 17 to 21 points was reported in the first hour amid lower Liverpool futures and political uncertainties, though the market held steady at the day’s decline due to improved spot activity.
Spot cotton in New Orleans steadies with unchanged quotes for various grades. Prices rise to a net gain of 13 to 18 points as export demand lifts futures, with weekly receipts around 112,000 bales and total exports boosting activity at small ports.
Liverpool notes show spot cotton mixed grades with middling pricing around 10.50 to 10.82 and various forward quotations for months through 1925. Receipts reach 4 400 bales with steady fuels and December to February spreads listed under wartime trade conditions.
In New York on January 24, market notes show futures for Coffee No. 7 easing with March and May deliveries around 53 cents, contrasting earlier activity. Traders watched supply cues and global demand while prices softened.
Naval stores at Savannah on January 24 show turpentine steady with no sales, receipts 32, shipments 397, stocks 18 179. Rosin remains firm with no sales, receipts 283, shipments 501, stocks 77 431. Quoted prices list B D E F G at 6.15 6.20 6.25, K 6.35, M 6.45, WN 6.80, W. Gi 6.85, W. W. 7.10.
Kansas City reports butter unchanged with eggs at firsts 38 and poultry prices Hens 19 roosters 12 1 2 turkeys 24. Chicago notes butter unchanged eggs lower receipts 3 319 firsts 38 1 2 ordinary firsts 35 57. potatoes receipts 15 cars. Poultry alive higher fowls 20 springs 19.
In New York on January 24, raw sugar futures fell with prices down 2 to 4 points by noon. Centrifugals quoted 5.20, molasses 4.33, refined steady at 6.75 amid ongoing selling driven by softer spot market tones.
The cotton seed oil market closed firm in New York on January 24 with spot at 12.41 bid. For January to August contracts prices ranged roughly from 12.30 to 13.50 with sales totaling 15,600 barrels.
In Rochester Herald, an editor argues New York favors 50 story buildings over manufacturing explosives on the continent, praising growth and condemning factories.
Bethlehem Steel dominated today’s trading with a five point drop following generous dividend payouts. United States Steel and General Motors showed modest losses while several major issues including American Can and International Paper moved variably in early hours.
Fresh declines in wheat led by absence of foreign buying, with unfavorable crop reports from Kansas Nebraska and Oklahoma tempering losses. May and July futures fell before a partial rally, corn and oats showing mixed moves while export demand for corn supported values. Chicago and St Louis quotes list various grades and prices for wheat corn oats and related grains.
Mr. Robert Edeson and company arrived in Wilmington and will perform matinees at the Academy this afternoon followed by the usual evening show. The attraction has been highly praised by the press.
Lightning struck the pro cathedral at Fifth and Ann streets this morning near 10. The cross and brick pinnacle on the Southeast tower were destroyed sending brick and tile debris into the street. The event caused alarm in nearby homes and heavy damage to the structure estimated to be substantial.
Kansas City hog receipts 11 000 higher with bulk 11.00 11.35 while cattle rise. prime fed steers 10.85 11.50 and lambs 13.75 14.35. St Louis hogs up. cattle strong. Chicago hogs 10.80 11.50 range and cattle 7.75 11.90. Washington reports Miss Anne Martin accusing President Wilson of acting as party follower on male suffrage while pressuring for Puerto Rican male suffrage bill by party action.
Remains of W H Rembert who died in Raleigh pass through Wilmington en route to Hallsboro for interment. He was 57, formerly of Maysville South Carolina, later a Wilmington resident. Survived by wife at 308 North Second Street and three sons and three daughters.
The B Y Y P A of the City Union held its annual meeting at the South Side Baptist Church. Officers elected for the ensuing year were president Coy Hewett, vice president A G Van Lindingham, G G Pridgen, secretary treasurer Miss Sofia Kohier, and corresponding secretary. Refreshments followed and the meeting was well attended.
The eighth grade class at the YMCA Institute held a meeting last night and elected officers for the coming year. Officers chosen were President Harry Hudson Vice President Edward Snakenberg Secretary William Fuchs and Treasurer Haywood Porter.
Lindley M. Garrison joins others warning of grave dangers to the nation yet remains missing after a chance to act. The Savannah News notes the theme of unaddressed peril. A Milwaukee Journal quips about mobile innovation failing to ease moving from sidewalk to elevator.
A brief column from the Columbus Enquirer Sun highlights the frugal trend among men, noting how thrift shows in the clothes their wives wear. The item reflects local humor about budget conscious behavior and public attitudes toward economy.
Family thanks those who offered kindness during the long illness of Samuel Seigler. They express deep appreciation and gratitude and will keep the acts in grateful memory. Respectfully, Mrs. 8 Seigler and family. 1-24-111
Coast guard cutter Seminole lies in port for a brief stay after resuming winter cruises following repairs here. President made annual report before society.
Grace church highlights its Methodist roots and slow expansion from Front street to a large modern edifice. It boasts a membership over 800 active workers and invites organizations to use its facilities for children, youth, and adults in service to God. A distant Korean mission is noted with pride.
Southern Realty Co transfers to H T Pope a lot at Lake Side. Southeastern Realty Co transfers to T M Ellis a lot at Summer Hill. Southeastern Realty Co transfers to S J Coker a lot at Summer Hill. Meabad No 31 J was smashed after colliding with a southbound street car at Front and Nunn streets last night. Car owner unidentified. no injuries.
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