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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 07, 1917
Page
3
Reports from New York indicate a rush of selling orders on March shipping rumors as May contracts tumbled and July and October contracts fell sharply. Rumors proved unfounded and closing prices steadied, with spot cotton in New York quiet at 17.85 cents.
Early today Better cash demand and Philadelphia market tone lift cotton prices 11 to 28 points over yesterday's close, then a bear pressure breakdown as profits dried up. By noon most active months fell about 60 cents a bale from peak levels with trading steady by afternoon. Spot cotton in New Orleans remained steady with sales of 950 bales on the spot and arrivals of 550. middling quotes ranged from 16.50 to 17.69 for various grades.
The cotton market closed steady in New York with spot bids around 1.20 and March futures near 13.28 to 13.30. Prices for April to October show values around 12.76 to 13.95, with total sales listed as 8200. The notice ends urging readers to use The Wilmington Dispatch want ads.
Local markets list components like butter, chicke ns eggs and meats with prices per pound or per item. Grain and naval stores notes follow with wheat corn oats and sugar futures outlook and daily price ranges.
The market opened with rising activity around specialities led by shipping and copper line items such as Bethlehem Steel Central Leather Baldwin Locomotive American Woolen and Sugars. With some gains erased by mid morning as rails and International bonds weighed, leaders like Steel and Marine preferred traded lower while oils sugars and other specialties fluctuated.
Turpentine shows little activity with 481/2 cents per barrel reported. Rosin sales are quiet with receipts at 421. Trading quotes for various rosin grades range from 585 to 645 cents, with multiple grade bands listed from B and D to W and W G.
New York reports butter gains with creamery at 41 1 4 to 42 1 2 and 92 score for extras. Eggs receipts 6 861 with fresh gathered extra firsts at 35 1 2. Cheese strong. live poultry firm chickens 20 to 21 1 2, turkeys 20 to 25, dressed prices up to 33. Kansas City and Chicago list regional prices for butter eggs and poultry with varied firsts and car counts.
Women now sit in the legislatures of Utah Arizona Oregon Montana and Washington. England has sent a number of young women carpenters to France to build huts for the British soldiers.
The text notes that a candidate intends to seek the First Ward council seat in the upcoming primary. It states he would not seek council if Councilman Jonhes resigns to take the post of public defender, preferring to be elected by the people.
Rev. R L Gay of Raigh will conduct services at Calvary Baptist Church tonight. He previously led a two week revival at the same church about two years ago and is remembered fondly in the city.
Mercantile paper and various bills quoted with 60 day and demand rates. Gold and silver prices, foreign currencies, and government and railroad bonds noted as steady or irregular. Time loans firm with 60 to 180 day maturities and call money fluctuating around 21/2 percent.
At season end the pennant winner will face an all-star team selected by sport writers from the Southern circuit in a post-season series.
An advertisement touts Anuric a double strength remedy for kidney trouble and uric acid buildup. It claims simple daily practices and a hot water cup aid health and warns of signs like backache and insomnia from excess uric acid.
The display showcases Voile fabrics in beautiful striped and plain effects. Shoppers see four fresh styles presented today highlighting light, airy textures and versatile patterns for summer wardrobes.
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