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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jun 23, 1917
Page
3
Market review covers cotton futures gains amid rain delays in the southwest, US steel and railroad shares movement, and New York cash cotton prices with spot rates noted. Also lists prices for farm and coastal commodities, naval stores, wool, cantaloupes, peaches, and various grains and metals with receipts and closing figures.
New high levels were reached at the market open as buying grew from continued dry weather in the belt. Active months rose 52 to 58 points amid scarce contracts and Havre exchange closure bolstering bullish sentiment. Spot cotton in New Orleans steadied with an up 37 points on sales and arrivals.
Cotton seed oil closes firm with bids listed for June through January futures. Spot price at 11.40, total sales reach 9,400 barrels.
Butter firm prices and receipts at 9 844. Eggs receipts 13 331 with fresh gathered and storage firsts in the 32 to 36 cent range. Cheese firm with state fresh specials around 22 1 4 to 23. Live poultry dull with chickens 28 to 30 cents, fowls 24, turkeys 20 and dressed prices unchanged.
The weekly report shows clearing house banks and trust companies hold 41.8 million dollars in excess of legal reserve requirements, down 12.2 million from the previous week.
The Cape Fear river at Fayetteville North Carolina stood at 6.2 feet yesterday morning at 8 o clock and was rising slowly.
Turpentine firm sales receipts 634 shipments 339 stocks 19964. Rosin receipts 789 shipments 1531 stocks 6380. Market quotes list B and D 5.30 E 56.860 F G H I 5.85 K 6.10 M 6.30 N 6.65 WG 6.85 WW 6.95.
New York financial wires show 60 day sterling bills at 4.72, commercial 60 day bills around 4.71 to 4.73, with demand at 4.75 to 4.78. Cables quote 4.78 to 4.84. Frances 5.74 to 5.77. Guilders 4.13 to 4.15. Bar silver 7.81. Mexican dollars 6.15. Government bonds described strong. railroad bonds irregular.
Advertisement notes a Lumina weekend dance featuring Kneisel's orchestra. It mentions the flame tree of Illawarra New South Wales, covered in red blooms, visible to ships at sea as a distant guide.
A congress of American engineers of Swedish birth or descent is planned in Chicago in September, bringing together professionals linked to Sweden for交流 and collaboration.
A weekend dance night at Lumina invites attendees to meet friends and enjoy music and social time. Event promotes a casual gathering with a friendly atmosphere and light refreshments.
New York stock scene shows Saxon Motors plunging eight points to 15 with partial recovery, while war shares gain 1 to 5 points. Trading centers on short covering and Liberty bonds as investors react to price regulation optimism and war tax developments. United States Steel, Ohio Gas, and Industrial Alcohol rise, with bonds showing mixed activity and a 350000 share close.
United Press reports from May 27 describe pilots using machine guns revolvers and pistols in aerial combat. British planes clash with German Nieuports Albatross Scouts and other fighters as crews sustain injuries and down enemy aircraft while weather favors large scale air battles.
The Board of Drainage Commissioners of New Hanover County Drainage District No 8 proposes issuing 20000 in bonds at 6 percent interest to fund improvements and related costs over ten installments. Landowners may prepay by July 30 to avoid future interest, releasing their lands from further assessment for the improvements while remaining liable for maintenance or prevented assessments. May 25, 1917. W. E. Price, Chairman.
Mrs William K Vanderbilt Sr head of the American Ambulance Hospital in Paris urges U S public health nurses to keep to their duties rather than seek war service abroad. She argues trained nurses are essential at home and cites her Paris experience showing increased attendance after staying with their original work.
Describes German pilots freely painting supplied aircraft in varied colors and shapes while British flyers stick to plain schemes like mac 5 to khaki white or cream. The piece notes daily aerial battles high in the sky with vivid contrasts between the two sides.
Special Correspondence reports on New York diners being face to face with head waiters and a Supreme Court ruling on defaming a waiter. The piece notes big tips unlock entrance and seating near the dance floor, and includes a vignette of an efficient transit conductor.
An advertisement highlights Lumina as the leading recreation pavilion of the South referenced as a premium after work destination.
The government issues a decree enforcing nationwide closures of Take bakeries for the months of June and July due to a sugar shortage. The measure aims to conserve limited sugar supplies amid a broader supply crisis.
In the Superior Court of New Hanover County Ida H Goody et al vs Albert Steljes et al authorizes a public auction of properties in Wilmington North Carolina on July 23 1917 at noon. Two lots described as parts of Block 100 and western partner lot 7 2 and block 1061 according to city plans. Emmett H Bellamy Commissioner. 6-25-301
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