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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 05, 1917
Page
3
Unsettled political climate dampened sentiment as May and October cotton futures opened higher on firm cables and last week’s spot buying. Prices swung, peaking near 17.75 before retreating, then steadied with strong late-day demand from spot houses and reports of no recent spot sales in the South yard.
New York on March 5 reports spot cotton at middling price 18.05 cents per pound. The note records a beady indication for price and market status in the New York cotton market.
In Texas cold weather a 17 to 20 point gain was seen as buyers eyed the cotton market amid talk of the armed neutrality bill. Prices fluctuated with the day, activity steady, and late shifts trimmed gains as traders awaited developments. Spot prices jumped about 87 points before paring back toward 1:30.
In New Orleans trade, the March cotton close advanced by 13 to 20 points as buyers supported modest gains amid thin market action.
Liverpool March 5 cotton prices show good middling at 11.84 and middling to low middling around 11.56 with 7,000 bales traded. Futures list steady with March 11.29 and May-June 11.23, later months easing to 10.12 for March-April.
Sw York March 5 metal quotes show lead at firm 9.50 to 9.87 with spot easy. London lead quoted around 1 47 dealing with ongoing variations in the London market.
New York March 5 Wall Street opened lower after Congress failed to pass the armed neutrality bill. Stocks fell across sectors with marine, rails, and metals leading losses. Major names like U S Steel Bethlehem Steel and Atlantic Gulf showed notable weakness while rubber and mining issues also weakened.
Savannah naval stores market notes March 5 show turpentine at 4 8 1 2 per barrel with receipts at 27 and rosins firm with receipts at 46. Quotations for B D E F G 6.00 H J 6.00 6.20 K M 6.20 N 6.35 WG 6.40 6.45 WW 6.70.
Chicago reports say grain prices moved broadly higher after opening declines in reaction to the ship arming bill defeat. May wheat touched 1.87 1 4, July 1.59, with corn mirroring the pattern and hog market strength aiding grains. Oats gained on Canadian demand with rumors of oats calls abroad.
Chicago reports Butter firm at 32 40, Eggs receipts 6 902 cases with Firsts at 291 2 and 281 2 29 at mark. Potatoes receipts 25 cars with prices for Wisconsin Oregon Michigan and others around 2.25 to 2.69. Poultry alive prices higher, fowls 20 to 21.
Kansas City data shows butter creamery firsts 42 seconds 37 packing 36 1 2 eggs firsts 28 poultry hens 19 roosters 15 turkeys 25. St Louis records March 5 list poultry hens 18 spring 20 turkeys 24 ducks 20 geese 13 to 16 butter creamery 40 eggs 28.
The stage of water in the Cape Fear river at Fayetteville North Carolina at 8 a m yesterday measured 23 9 feet and was falling.
New York reports firm crude and refined sugar prices with spot gains and buying pressure. May futures settle around 4.64 while July and September advance. total sales recorded at 29,400 with midday and closing firming.
The capitals of Norway Sweden Finland and Russia along with the Norwegian city Bergen all lie at latitude six degrees.
A columnist argues that thousands of underguided youths in cities lack guidance and resources. The Y M C A is presented as the agent to mold immature manhood into mental physical and moral strength, shaping self reliance and addressing urgent needs through expanded funding and outreach.
Admiral William Struthers Jr and General Jesse Roache lead the Army and Navy of the Y M C A in a three day fund raising drive to support its work. The campaign committee will meet at 6 15 pm for supper at the building to receive orders for a morning start and a successful conclusion.
New York reports an unsettled cotton seed oil market on March 5 with spot at 13.60 and bids across the futures curve from 13.50 to 18.55 for months March through October. Total sales reach 67,800 units.
The Recorder court opened with mostly minor charges. Beatrice Pridgen had judgment suspended on an assault with a deadly weapon. Virgil Nixon paid costs for violating the driving ordinance. Bertha Walker’s assault case was continued to the 15th. Albert Bishop stood untried with evidence to be heard tomorrow. Maggie Meares had judgment continued for 12 months. Frank Andrews received 18 months on a larceny conviction. Yack Jones admitted to forcible trespass after larceny. Laurence Johnson was found not guilty of disorderly conduct. Bud McGere’s auto-law case was moved to Tuesday. G W Fears’s auto-law case was moved to Saturday. Two white men paid costs after drunkenness convictions.
Vice President Marshall speaks to the Senate delivering a creed of citizenship and devotion to a government he believes divinely ordained. He emphasizes self-examination, equality before the law, service as reward, and unity under a common brotherhood, pledging loyalty to the Union and the Ark of our National Covenant.
Special services announced with evening and afternoon sessions. Excepting Thursday and Saturday, 5 30 o'clock afternoon services and 8 o'clock Thursday evening service. Public invited to attend any or all. Also a note: Sir Thomas Lipton began life as an errand boy in Glasgow.
President Wilson denounces the Senate filibuster that defeated the armed neutrality bill before adjournment. He warns of paralysis of government and urges immediate Senate rule reform to prevent minority obstruction in future sessions. LaFollette’s bid to force a vote was halted by Hitchcock's counter move.
Ben Carter colored, injured in a Sunday night shooting at Love's alley and Howard street, was reported favorable at James Walker Hospital. Earlier authorities announced an ante mortem statement would be made. Bertha Walker colored is in police custody pending investigation.
An 1900s style advertisement touts Wyeth's Sage and Sulphur Compound as a ready to use hair darkener. It claims a single brush through gray strands makes hair appear darker, shinier, and younger, with no disease cures implied.
Senior Bible classes at the Young Men's Christian Association will skip tonight’s Monday session due to preparations for a canvass to recruit new members.
The venerable Earl of Heddington shows steadfast devotion to horses, resolutely declining to ride in a motor car any time.
An advertisement claims La Creole Hair Dressing can darken gray hair, restore thickness, and improve appearance. It promises soft, lustrous hair, with a money back guarantee from Jarman & Futrelle's Drug Store, Withington, N C, or a prepaid bottle for $1.
The Atlantic Coast Line Railroad Company shows January 1917 operative revenues of 3 710 499 68 dollars with operating expenses 2 424 041 83 and operating income 1 286 457 85. Comparable figures for 1916 list revenues 3 075 065 44 expenses 2 137 212 73 and income 937 852 71, while 1915 records 2 643 201 46 revenues, 1 968 890 77 expenses and 440 310 66 income.
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