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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 09, 1917
Page
3
Li Yuan-Hung rejects his Cabinet action to sever diplomatic relations with Germany and asserts authority rests with himself. The move prompts the Premier to resign and others in the Cabinet may follow.
The Associated Press reports renewed nervousness in the cotton market with shifts caused by unfavorable ocean freights and steady spot markets. Highs near 17.74 for May and 16.77 for October, with overall gains of about 18 to 19 points before midday then easing as the day closed steady.
New York March 9 spot cotton market remains quiet with middling grade priced at 1800. The report notes limited movement and stable prices across futures sessions.
Better cables and adverse western weather spurred moderate cotton buying in New Orleans. By noon advances ranged 19 to 25 points, with steady to firm closes later in the day. Training months rose 14 to 22 points, and only scant supply remained available.
Spot cot ton quotations in New Orleans show sales of 2 052 bales arriving from the South with good ordinary at 15.88 and strict good ordinary at 16.38. Low middling 16.88 and strict low middling 17.13, middling 17.38, strict middling 17.57, good middling 17.75, strict good middling 18.00. Receipts 1 531, stock 429 487.
Liverpool cot ton market shows steady spot values with Good middling at 12.04 and lower grades around 11.76 to 11.44. Sales total 3 100 bales with 500 for speculation and export. no receipts. Futures closed steady across contracts from March at 11.58 to March-April 10.39 with several successive monthly spreads.
In Sugar, New York, March 9, raw sugar quotes showed slight gains early 1108.00, later turning active as commissions bought. By noon Cuban line fires boosted prices 3S to 7 points. closed steady with 5 to 7 point gains. Sales 10,650 tons with May 450, July 495, September 458 bids.
Heavy trading in United States Steel dominated early runs with gains in 2 to 7 point range among steel and related issues. Mexican Petroleum, Union Pacific, Reading and other rails support the late session while wheat and corn move on government reserves data and price shifts.
Savannah naval stores market report lists turpentine prices with grade codes and receipts. Prices shown range from 6.00 to 6.70 per gallon across grades B D EB F G H I K M N WG WW with no sales or receipts noted beyond quoted levels.
The cotton seed oil market closed steady in New York with spot bids at 1330 and March at 1333 to 1835. Front months run from April 1332 to 1385 and May 1333 to 1336. Total sales reach 35,800 plus August 1336 to 1339 and September 1335 to 1438.
The Metal Exchange shows steady quotes for metals including lead, spelter, and copper. Spelter and copper prices firm, with London and New York listings reflecting stable spot and near term levels. Tin remains steady online with spot and futures around established Lx figures.
The river level was 33.5 feet at 8 in the morning yesterday at Fayetteville North Carolina marking a high stage on the Cape Fear river. The reading reflects flood conditions along the river corridor and potential impacts on low lying areas.
Captain D M Nicoll of the Suruga reports a large gray cargo vessel with two masts and a stern gun circling and then steering away as the Suruga neared the Azores on February 20 in the New York to Mediterranean route. He also recalls the City of Memphis being signaled by a submarine off the Scilly Islands on January 30. The Virginian arrived from Marseilles after sailing in ballast, also through danger zones.
Opening of the 1917 outdoor season features East and West stars in qualifying rounds at Bovard Field Los Angeles March 8. Mary Sutton Rundy meets Molla Bjurstedt in a bid to comeback as Maurice McLoughlin oversees arrangements. Western hopefuls include Johnston Griffith Strathan Bundy whereas Eastern contenders include Mathey Alexander Pell Church Throckmorton. Special courts were built at Bovard Field to handle crowd demand.
New York March 9 coffee prices show Rio No. 7 at 91 1/2 cents a pound with May at 7.60 and July at 7.65 futures. Market steady with little change expected.
Recorder George Harriss opened court at 10 o'clock as required by law. He sought a later daily session to avoid interrupting night police duties. Two cases were docketed and quickly disposed of, with adjournments for others until next week.
In London at Old Bailey Mrs. Alice Wheeldon and her two daughters and Alfred Mason face charges of conspiring to murder Prime Minister Lloyd George and Labour figure Mr. Henderson. Wheeldon admits expressing hope the premier would die while denying intent to harm. She explains coded statements and a dog poison claim as coincidences.
New York market summary lists Sterling 60 day bills at 471, commercial 60 day bills on banks 471, demand 475.28, cables 4767.16. francs 58.51, cables 58.4. marks 68.18, cables 68.14. Kronen 11.15, cables 11.17. guilders 4.938, cables 4.012. lives 7.78, cables 7.77. rubles 2.758, cables 2.734. bar silver 75.18. Mexican dollars 58.12. Government bonds steady. Railroad bonds strong. Time loans steady 60 days 3.54 4, 90 days 3.34 4, 6 months 4.14.
Chicago reports eggs at 7 304 cases with mixed firsts prices and steady butter. Kansas City and St Louis show butter and poultry unchanged with eggs at 25c. New York notes steady butter, unsettled eggs with 12 826 receipts and various cheese and live poultry quotes.
Ten thousand Confederate veterans are expected to attend the Gettysburg dedication of the Robert E. Lee memorial funded by Virginia. The ceremony follows the United Confederate Veterans national reunion in Washington. Organizers hope President Wilson and the Grand Army of the Republic will attend. The statue features an heroic equestrian of General Lee with surrounding statuary.
Jos W Little announces a $10 reward for the arrest of the person who Thursday night maliciously destroyed several young trees planted in front of his home on South Third Street. Similar damage occurred at the home of S M Boatwright.
The Wilmington Dispatch advocates using Wyant Ad Columns for their proven value in local advertising. Readers are urged to consider the platform for classifieds, notices, and small business promotions.
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