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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jul 09, 1917
Page
3
New York stocks opened firmer with industrials and metals up 1 to 2 points as traders priced in an impending export embargo. Shippings, oils, and active specialties gained while rails showed only small changes amid light trading. Wilmington naval stores and raw materials moved little, with a long list of key equities quoted in narrow ranges.
July cotton futures opened with modest selling and light demand as prices slipped from 26.09 to around 26.16 and 26.35 at times. Traders noted light buying after early weakness, with unsettled tone on other months and firmness later as nervy activity and political comments influenced sentiment.
The New York spot cotton market opened quiet on July 9 with an odd lot trading around 27.20 cents per pound. No significant price changes reported as traders monitor futures and export demand.
New Orleans July cotton quotes show gains with 31 to 44 point up moves in early trading as rain shortages boost demand. Prices hovered higher into the afternoon with a final net advance of 24 to 30 points and months trading around 25. The market remained steady despite profit taking.
New Orleans on July 9 reports spot cotton firm by 25 points with sales at 171 bales to arrive 100. Grades listed include good ordinary 24.50, strict good ordinary 25.00, low middling 24.50, strict low middling 25.69, middling 25.88, strict middling 26.07, good middling 26.25, strict good middling 26.48. Receipts 2208, stock 202140.
Liverpool July cotton prices rise 30 points with American middling fair at 19.83 and ordinary at 17.25. Sales total 2100 bales, receipts 8100, futures show July 18.05 and later months down to 14.70 for May. All prices fixed.
New York sugar market notes listing raw sugar at 6.33 ready, molasses 6.45, refined 9.00, cubes 7.25, powdered 7.70, granulated 7.75, confectioners 7.40. Sales total 50 tons with September and December quotes at 5.37 and 5.24, later months down to 4.92 and 3.29 for March.
Savannah on July 9 reports turpentine firm at 361 2 with receipts 357 and shipments 10 and stock 22 824. Rosin firm at receipts 1 047 and stock 70 446. Market quotes list B through N and WG for various grades with fractional cents and par values.
Chicago July 9 prices showed weakness across food and fodder markets due to Wilson embargo proclamations. Corn rallied from an early drop as hot southwestern weather supported bids, with opening quotations down then recovering close to Saturday levels. Oats faded before corn gains emerged, wheat activity nearly vanished awaiting government control, and provisions fell driven by weaker hog quotes with lard hardest hit.
New York July 9 cotton seed market closes unsteady with spot bids at 15.15 and futures ranges from January 14.90 to 91, February 14.90 to 99, July 15.20 to 40, August 15.19 to 20, September 15.16 to 18, October 15.11 to 17, November 14.87 to 91, December 14.88 to 89.
Field Marshal von Hindenburg and General Ludendorff arrived in Berlin for a conference with the Emperor. The development comes amid intense tension between the Reichstag and the government as editorials react to the political crisis.
New York July 9 market notes butter firmer with receipts 9 825 and creamery extras at 39 1 2 to 40 1 2. Eggs irregular with receipts 11 684 and French gathered extras at 37 to 38. Cheese firm with receipts 2 814 and fresh specials around 24. Dressed poultry steady with chickens 18 to 26, fowls 18 to 25 1 2, turkeys 18 to all. Live poultry steady with chickens 30 to 35 and fowls near 22.
The stage of water in the Cape Fear River at Fayetteville North Carolina at 8 am yesterday stood at 10.5 feet and was rising.
Lowell Mellett reports from a vast cordite plant where twenty five thousand workers, mainly girls, sustain operations under strict supervision. The American tone, humor, and depictions of housing and wages highlight the role of women in wartime industry and the government’s efforts to keep production steady.
A compact extract records daily life under German occupation across villages, noting rationing and bread shortages, requisitions, and punishments. Entries include May 4 beet pulling, May 10 millstone destruction, May 17 wool seizures, May 23 bread with American flour, May 25 Italy’s war rumor, July 23 mandatory German etiquette, July 25 census abuses, July 28 object seizures, August 17 ore request, October 15 Champagne victory rumor, October 25 carbide lamps offer, January 1 1916 cannon-fire celebration, and January 6 copper thefts. The text highlights civilian suffering, coercion, and brutal enforcement by German forces and local guards.
The AP notes several schools of sharks sighted between the Delaware and Hatteras coasts moving northward. A marine correspondent relayed the report to the Weather Bureau. Mrs. Julian S. Walsh Jr of St. Louis offers to serve as judge and buyer of horses for the Federal service.
A detailed report to Adjutant General Frank outlines the East St Louis riot last Monday and the Missouri National Guard's actions. Colonel O. Tripps states troops patrolled 70 blocks with limited ammunition and halted violence by 7 pm, while Guard members across the bridge watched the unrest, mistaken for interveners.
Senator W B Cooper returned from Washington and said he discussed with Senator F W Simmons plans to secure another training camp for North Carolina. Cooper will urge the Secretary of War and assist Wilmington to win the camp, noting Simmons has been very busy and supportive of the state’s bid.
Representative Jeanette Rankin of Montana conducts a personal inquiry into the conditions faced by women employed in Federal departments at Washington.
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