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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jan 29, 1917
Page
3
On January 29 in New York the cotton market opened weak with May delivery around 43 and losses of about 30 points from the prior close. Spot cotton remained quiet with middling uplands at 17.30 and 400 bales sold.
Cotton opened at New Orleans steady with March at 17.12 and December around 16.28. Early trading saw 7 to 9 points gains on nearby months then a sharp sell off erasing gains, leaving prices 22 to 36 points below Saturday's close before the market steadied late and closed lower by up to 15 points.
Spot cotton in New Orleans remained steady on January 29 with sales on the spot at 375 bales to arrive none. Prices ranged from good ordinary at 15.50 to strict good middling at 17.19, with receipts reported at 1,808 and total stock at 463,026.
Liverpool on January 29 reports firm cotton prices with middling at 11.14 and sales totaling 10,000 bales including 1,000 for speculation and export. Receipts also 10,000 with futures listed for several monthly spreads from January through February and into the year.
In New York on January 29 Coffee Rio No. 3 futures eased amid light activity. March dipped to 8.45, May to 8.56 as traders watched market cues and demand shifts.
Savannah report shows turpentine firm sales and receipts totaling 82 and 1 247 respectively with stocks at 16 731. Rosin firm sales are plus receipts 349 ment s totaling 295 and stocks 78 128. Quote ranges list multiple grade prices from B to WG with varied values.
Kansas City notes butter creamer 41 first 39 seconds 36 packing 26 eggs first 36 poultry unchanged. Chicago reports butter higher 38 eggs lower receipts 3 627 cases various grade prices. New York lists butter firmer 43 extras 42 1 2 eggs steady receipts 2 915. Dressed poultry strong with chicken 18 to 29, fowl 16 to 24, turkeys 20 to 40.
The cotton seed oil market closed steady with spot at 12.40. Bid prices for February through September ranged from 12.31 to 12.65, activities totaling 8,600 barrels sold.
Leaf tobacco held by manufacturers and dealers on January 1 totaled 1 044 885 108 pounds up from 1 033 019 715 pounds on October 1 last year. Chewing smoking snuff and export types reached 758 378 885 pounds versus 704 452 507. cigar types 231 737 847 vs 270 275 847. imported types 54 768 526 vs 58 290 911.
The week starts with gains in many leadings stocks led by United States Steel and rails like Reading Union Pacific and Southern. Afternoon trading brings some decline, with United States Steel sliding after a strong start and Bethlehem Steel dropping about five points as weaknesses widen in New Haven and Mexican Petroleum among others. Total sales reach 427,800 shares.
Hogs receipts in St Louis reach 19 500 with higher quotes for lights and heavies. Cattle receipts 7 500 with varied ranges for native beef, yearlings, cows and calves. Sheep strong with higher lamb and yearling prices. Chicago wheat climbs on war talk and embargo fears, corn also firm. Kansas City cash grain mixed with no. 2 hard and red wheat, corn and oats showing gains. Cattle futures in line with steady cash cattle tones.
Hogs receipts 9 000 higher bulk 11 40 11 70 heavy 11 65 11 75 light 11 00 11 55 pigs 9 25 10 50 Cattle receipts 12 000 strong primer fed steers 11 00 11 60 dressed beef steers 8 50 10 90 southern steers 7 00 9 5 cows 5 50 9 50 heifers 7 50 11 00 stockers 6 75 10 00 bulls 6 50 8 50 calves 7 00 12 00 Sheep receipts 13 000 strong lambs 13 75 14 25 yearlings 11 75 12 50 wethers 10 00 10 50 ewes 9 50 10 35 Chicago hog receipts 67 000 firm 5 to 10c above Saturday's average bulk 11 40 11 70
The New Bern Morning New Bernian recounts a mismatch driven by bravado. Max Smith claims he can throw Fritz Hanson while Hanson fears meeting Smith. John Kilonis awaits a Feb 6 match with Smith after recent bouts.
Rev J S Crowley preached to large congregations at Acme Presbyterian Church February Sunday morning and evening. H J Gault was elected deacon Sunday night by the congregation. The ordination and installation service will be held on the Fourth Sunday in February. Rev Mr Crowley returned to the city Monday morning.
McD Monaghan deputy sheriff of Cumberland County a noted North Carolina lawman was found dead in his Arch Street home Fayetteville yesterday afternoon. Officials believe a prior stroke of paralysis caused his death. He leaves a wife Mrs Mary Journey of Winston Salem and two young children. the family was visiting relatives in Winston Salem at the time.
Mr. and Mrs. Percy R. Albright and Mrs. M. E. Howard, widow of S. A. Howard, returned to Wilmington after attending the Holy Trinity church funeral yesterday. They traveled in Mr. Albright's private car No. 302, attached to the 12:45 train. Albright serves as general manager of the Atlantic Coast Line Railroad.
In a backstage exchange, the star jokes the show needs trimming while the understudy counters that the pruning has already gone too far. The light quip hints at onstage tension and audience humor about production cuts.
New York raw sugar remains steady with marketed varieties detailed. At noon futures moved 1 to 4 points lower amid unsettled labor talks weighing on market sentiment.
The stage of water in the Cape Fear river at Fayetteville North Carolina was 9.2 feet at 8 a m yesterday.
The War Department will not move the muster out of the First North Carolina militia regiment from Asheville to Morehead City or the Mexican border. Congressman Hood had urged Morehead City, but officials said arrangements are set. Asheville chosen for economy and expedition, with two units from Asheville and regiment HQ at Shelby. The unit will stay about two weeks to complete muster out.
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