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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jun 12, 1917
Page
3
New York June 12 Cotton markets show heightened activity with July contracts hitting the 25 cent level amid renewed buying. Early trading saw July up 31 to 65 points, with October and December climbing, while later trade showed a pullback as demand from trade sources softened and prices steadied.
New York markets report a quiet trading day with spot prices holding steady at middling 25.00. The summary notes minimal movement and stable demand in the June session.
New Orleans June 12 Twenty five cent cotton traded today for the first time this season and in over a half century. July at 25 cents on first call with gains across months. Liverpool market surge driven by submarine loss forecasts. spot cotton steady with sales and receipts reported.
Liverpool spot cotton remains strong with good middling around 16.89 and middling near 16.89 cents. Futures show irregular activity for June through early ,new July August and beyond with various forward contracts listed and mixed demand observed.
The brief notes erratically list prices and times for oil trading across months from September to January. It shows scattered totals and a final volume of 52,900 units, with unclear active market moves and no clear dominant event.
Savannah declares a postwar cotton price record with a mid range basis at 25 cents per pound. Only 273 bales sold as traders keep prices steady amid sour market signals and speculation of a rise to 30 cents.
Butter unsettled with receipts at 14 994. creamery highers 39 to 39 3 4. Eggs unsettled receipts 33 653 with fresh gathered extras 3b to 35 and firsts 31 1 2 to 32. Cheese unsettled receipts 5069 with state flats 23 3 4 to 24. Live poultry firm. prices not quoted though market quiet and unchanged.
New York raw sugar and refined futures moved little with activity confined to September, which gained two points. July and other months closed lower on liquidation. Prices listed: July 5.07, September 5.18, December 5.01, July 4.78. Sales totaling 6,700 tons.
New York coffee market shows Rio No. 7 futures steady with September at 7.99 and December at 8.08 as of June 12.
Chicago reports growing British wheat arrivals and plentiful supply weighing on prices. Favorable crop outlook in the U S and warm weather spur selling of corn while wheat softens from July and September futures.
The North Carolina Pine Association opened its initial conference in Wilmington at the Chamber of Commerce with President M. W. Jacobi delivering a welcoming address. He highlighted Wilmington as North Carolina’s sole deep water port and central location for the lumber trade, promising a healthy, convenient base for the monthly session and a tour of Hilton Lumber Co. facilities and county roads later today.
Arthur W. Copp longtime supervisor of the AP southern division died in Washington after a weeks long illness. A 23 year AP veteran he reported the St Louis voyage story and earlier served on the Spanish American war staff in Cuba. He was born in Madison Wisconsin and will be buried there. he was unmarried. His brother J M Copp of Madison was with him.
Washington date line reports Provost Marshal General orders arrest of all men aged 21 to 30 who cannot present a valid enrollment certificate for war service after 9 pm last night. The nationwide directive targets those lacking registration documents and commands immediate arrest.
At an Atlantic port on June 12 928 passengers arrived in the United States from Europe aboard the Norwegian steamship Bergensfjord. Officers reported no submarine sighted during the voyage.
Delegates at Wrightsville’s 1917 convention enjoyed an automobile ride, a seafood supper at The Seashore, and a boat trip to Shell Island. E B Stanley of Cincinnati spoke on topics for launderers while A W Solomon of Savannah addressed rising coal and soap costs and starch usage. The event closed with a Lumina dance after a day of sessions and discussions.
New York traders pushed cotton futures to 25 cents in early trading as July contracts climbed to the 25 cent level and October rose to 24.49. Gains ranged 58 to 62 points, about $3 from the previous close, amid strong Liverpool demand and reports of further advances in cotton goods.
The Cape Fear river at Fayetteville measured 16.6 feet at 8 a m yesterday. Nearly 50 000 California women pledged to campaign against waste. Montana considers an eight hour day for women workers in stores laundries and other establishments.
The article urges rapid, nationwide Liberty Bond subscriptions to fund the war effort. It highlights bonds as safe, callable investments and calls for all residents to participate, with churches to ring bells at 9 am daily and factories to blow whistles to focus attention on the drive.
Rev. W. W. McRae leads the Armenian-Syrian Relief Committee urging donations of one dollar to sustain a starving Armenian or Syrian for ten days or three dollars for a month. Contributions reach New York instantly via cable and are sent free to Palestine, with no wastage.
Mrs. Mary C. Wright aged about 60 died at 6 50 this morning at her home 206 South Front street after several weeks of ill health. Funeral arrangements will be announced tomorrow.
Our old friend Rheumatiz is having his inning this year with clergymen lawyers brokers mechanics and merchants stricken. Wear rubbers in damp weather keep feet dry drink plenty of lemonade and avoid strong alcohol. If you have sharp twinges gnawing pain or swollen joints taking one half teaspoon of Rheuma daily can ease agony in days. All druggists know Rheuma it is harmless yet powerful cheap yet sure and a 50 cent bottle will last long. Ask R R Bellamy or any druggist.
Foreclosure sale of property described as starting at Sixth and Bladen streets in Wilmington New Hanover County to satisfy mortgage debt. Sale at public auction for cash at City Hall door on Thursday July 12 1917 at noon. Attorney notice by John D Bellamy & Son with 30 days to 411 1917.
An advertisement extols Ironized Paw-Paw as vital to preventing anemia and restoring strength. It promises quick digestion and nervous system relief, cites rapid cures of indigestion and sleeplessness, and notes availability through local Wilmington drug stores and mail orders from Interstate Drug Co. Inc. in New York.
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