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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 06, 1917
Page
3
Market brief notes prices for Spirits Rosin Tar and Crude with quotes for various grades. Receipts and cotton references appear in the fragmentary listing, indicating commodity trading activity at the port.
The cotton market opened down 6 to 16 points in New York trading but showed limited recovery after the initial drop. Prices hovered with near months steady, May near 17.83, while new crop sales were constrained by unfavorable weather and rising marine risks weighed on sentiment.
New York spot cotton closed at middling 18.10 per pound on March 6 with steady to firm tones reported in market notes. Buyers and sellers monitored futures and crop conditions as the fiber market maintained active trading across major towns.
New Orleans March 6 Poor cables caused a 2 to 9 point opening decline in cotton, but support formed and prices moved higher. Contracts for the month rallied 1 to 9 points by mid morning, then 6 to 17 points by noon, finally advancing 13 to 21 points in the afternoon. cotton closed steady with a 1 to 10 point daily decline depending on variable quotes.
New Orleans spot cotton shows unchanged values with middling at 17.50 and good middling at 17.81. Receipts total 5,010 bales and shipments 428,743 bales.
Liverpol March 6 sales show 3,500 for speculation and pot with receipts at 19,300. Spot prices list good middling 11.89 middling 11.61 low middling. Futures edge steady with various delivery months and prices noted in the record.
York reports mixed cotton seed futures with March dates steady and nearby months trading within narrow ranges. Quotes show May at 13.86 and July around 13.57 while September touches 13.05. spot prices around 13.54 to 18.57 with a 15.00 bid noted.
Turpentine and rosin prices and sales data for Savannah on March 6 show steady activity. Detailed quotes list grades B through M with bids from 6.00 to 6.70 and receipts figures for turpentine and rosin.
Butter firm at 32 to 40 cents a pound. Eggs receipts 9,582 cases unchanged. Potatoes receipts 15 cars unchanged. Poultry alive unchanged.
Kansas City market report shows butter and eggs unchanged with steady receipts and mixed creamery quotes. Eggs firm with high receipts and fresh gathered prices. cheese strong with state held specials and high average fancy ranges. Live poultry unsettled with no prices. dressed birds weak with wide ranges for chickens fowls and turkeys.
Raw sugar quotes show slight weakness with centrifugals at 546 and molasses 459 as refined stays steady. Futures fell early and closed 14.2 points lower after 23,400 tons sold amid spot market freezer offerings and favorable Cuban news. May 4.44 July 4.50 September 4.45.
Chicago wheat futures gained after reports of armed or convoyed ships and strong crop data. May futures rose to about 1.88 of a cent and July to about 1.59. Corn and oats also advanced with tentative buying and profit taking on highs. Hog prices moved higher as demand for lard continued.
New York trading opened with gains of 1 to 2 points in many issues and a 7 point rise for Bethlehem Steel old stock. War issues and coppers led demand with United States Steel showing a substantial advance. shippings, Central Leather, International Paper, Industrial Alcohol and Wilson Co. among the strongest. Reading and Ohio Gas topped among rails and utilities respectively.
New York dispatch notes coffee futures with No 7, Rio 955-8 as the quoted settlement. March 144 and July 759 appear as contract references amid market shorthand.
New York March 5 Mercantile paper quoted at 40 1 4. Sterling sixty day bills 417. Commercial bills on banks 471. Demand 475 1 8. Cables 4767 16. Francs demand 585 1 4. Marks demand 681 4. Kronen demand 111 2. Guilders demand 403 8. Rubles demand 275 8. Bar silver 765 8. Mexican dollars 59. Government bonds firm. Railroad bonds steady. Time loans steady 60 90 days 33 4 4. Six months 4 1 4. Call money steady high 21 2 low 21 4 ruling rate 21 4 last loan 21 2 closing bid 21 4 offered 21 2. Weather reports.
New York officials announce the New York Connecting Railway will begin regular service linking the Pennsylvania system with the New York New Haven and Hartford line, creating through trains between New England and the South. The ten mile route includes the Hell Gate Bridge, praised as the world’s greatest bridge achievement with a 1000 plus foot span and four tracks. The project, costing about 150 million dollars, features massive towers, viaducts, and lifting sections to allow river traffic, marking a milestone linked to A J Cassatt’s railroad ambitions.
The report notes the Cape Fear River at Fayetteville, North Carolina stood at 31.0 feet and rising as of 8 a.m. yesterday, indicating increasing water levels.
Washington March 6. Senator Owen of Oklahoma warns that new Senators are not bound by old Senate rules and that all bills from the 64th Congress are dead with no calendar or committees. Senator Lodge moves armed neutrality. Vice President Marshall sustains that the Senate cannot act while the House is not in session as Democrats prepare to caucus after adjournment at 2 25.
The Ministers Association of the city denounces Annette Kellerman’s latest film and forms a committee to press the Academy of Music to cancel or trim the engagement. They met Howard and Wells to relay their objection and await the theatre’s judgment.
An interesting meeting of the Wilmington Masonic Research Society was held in the library of the Masonic Temple yesterday evening. The society is newly organized with growing membership and all Masons are eligible for membership. J. H. Mitchell serves as president and J. F. Clowe as secretary.
The plan shifts New Haven freight through New Jersey shores and Greenville yards to cut transit time and costs. Shippers from Philadelphia to Washington and New England benefit from a faster route via improved interchanges. Officials say time savings will be enormous.
The Austro-Hungarian government argues that enemy merchantmen may be destroyed without warning only in specific cases such as armed resistance or when the vessel carries troops. It contrasts its practice with British blockades and notes prior warnings in some cases, urging respect for humanity while asserting its legal stance amid the submarine conflict.
The Wilmington Chapter of the National Special Aid Society holds a 3:30 p.m. Wednesday meeting in the High School Auditorium to discuss town division for emergency information, department organization in agriculture poultry driving surgery signaling telegraphy wireless, and patriotism. The session lasts 30 minutes before First Aid classes begin. all women interested are invited.
Two groups of workers from the National W C T U prepare a transcontinental tour leaving Chicago late next month. They will stop two days in each state capital for conferences. One party is led by Miss Anna Gordon, the national president, the other by Mrs Ell A Boole, vice president at large.
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