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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 15, 1917
Page
3
The cotton market showed irregular trading with early losses narrowing to a steady close. May and October futures fluctuated around the 1770 and 1675 levels as reports from Liverpool and domestic consumption influenced buying, while political uncertainties weighed on afternoon trading.
New York spot market shows Middling cotton at 17.95 cents per pound as of March 15, with standard daily quote in the market report.
The New Orleans cotton market opened with an 10 to 12 point gain in early action as Feb mill census data showed domestic consumption at 47,205 bales. Rumors of spot demand and a freer movement of mills due to lifted embargoes lifted prices to 18 to 20 points, then a Russia revolution scare spurred a late selling wave before the close.
New Orleans on March 15 reports mixed cotton prices with middling grades around 16.6 to 17.8 cents and steady demand. Receipts total 2,020 bales, stock 428,769 bales, with sales on 2435 bases and bulk movement noted.
Liverpool March 15. Cotton spot in limited demand with prices easing. Good Middling 1225, middling 1215, low middling 1147. Sales 4000 bales, including 2900 American and 400 for speculation and export. Receipts 1 bales, all American. Futures closed firm with March 1176 and guidance for months through February 179.
The Metal Exchange report shows metals trading with slight gains and varied quotes. Lead and zinc advance while tin and copper show modest moves as the market digests spot and forward prices amid steady demand in East St. Louis and Loudon.
New York trading opened with restricted activity but led by gains in speculative issues such as Industrial Alcohol and International Paper. Stronger shows in American Sugar and utilities like Western Union contrasted with dull rails while midday buying boosted industrials and metals. Wheat and corn rallied in Chicago on weaker strike fears and bullish crop reports, with May Wheat around 1.77 to 1.78 and May Corn firm amid light offerings.
Savannah notes turpentine steady with no sales. receipts 42 and shipments 6 leave stocks at 12 885. Rosin steady with no sales. receipts 438 and shipments 200 bring stocks to 80 910. Jupile BD EF G 600 III KM NW6GW W 620.
The New York cotton seed oil market closed firm on March 15 with spot bid at 13.40 and March to October futures ranging from 1340 to 1356. Total sales reported at 23,200 units.
New York March 15 raw sugar steady with centrifugal 539 and molasses 452 refined steady. Granulated 700 to 800. Futures quiet as operators hold off from developments. at noon prices about unchanged.
Grain markets firmed as export buying signs and strike conference optimism supported wheat. May futures closed 180 1 8 to 180 1 4 and July at 156, with a 27 8 to 35 8 spread. Corn receipts remained light curbing any sharp declines with a 7 8 to 1 4 net advance.
Raleigh March 15 State Governor Bickett named James R Collie as superintendent E F McCulloch chief clerk S J Busbee warden Drs Carl W Bell E C Judd physicians to Prison department and for criminal insane Capt C N Christian and C J Rhein supervisors of Halifax farms Dr F M Register physician to State farms The board met this afternoon Caswell pardoned by Governor for whiskey sale conviction banished fine $100 judge Rountree and Solicitor Lyon aided the pardon
New York market notes show butter and eggs firm with varied grades and receipts. Butter 41 3 4 to 42 extras 92 score. eggs 22 016 receipts with fresh gathered extras 29 1 2 to 29 1 2, firsts 28 1 2 to 29 1 2, lower grades 26 1 2 to 27 1 2. Poultry live firm fowls 23 to 24 1 2, chickens 20, turkeys 25. dressed prices 18 to 31 for various fowls and turkeys.
Butter firsts and creamery items noted with 42 and 40 firsts while seconds total 388 and packing 28. Eggs firsts 27. Poultry counts include hens 2012 roosters 15 and turkeys 25.
Butter unchanged. Eggs higher with receipts 8 430 cases. Firsts 27 1-4 to 1-2, ordinary firsts 26 1-2 to 27. Potatoes higher with 30 car receipts and varied regional prices. Poultry alive higher. Coffee futures steady May 764 and July 778.
The stage of water in the Cape Fear river at Fayetteville North Carolina was 9.8 feet at 8 a m yesterday.
Hogs receipts 21 000. Prices 10 cents above yesterday on bulk 1450 to 1485. Light 1390 to 1480, mixed 1425 to 1490, heavy 1425 to 1490. Pigs 1050 to 1300. Cattle receipts 4 000, natives 900 to 1265, stockers 680 to 975, cows 680 to 1075, calves 975 to 1350. Sheep receipts 13 000, lambs 1235 to 1480. Whethers 1100 to 1240.
Kansas City market summary shows hog receipts 8000 with bulk bids 14.10 to 14.60 and light to 14.45, pigs 10.50 to 13.00. Cattle receipts 300 with prime fed steers 11.75 to 12.25, cows 10.00, heifers 11.00 to 11.00, stockers 10.50, calves 11.00 to 11.59, and bulls 9.00 to 9.50. Sheep receipts 6000 with lambs 12.00 to 14.50, yearlings 13.00 to 13.65, wethers 11.50 to 12.50, ewes 10.50 to 12.25.
An old advertisement touts St Jacobs Oil as a harmless backache cure. It claims instant relief from soreness and stiffness after a gentle rub, promising no skin burning and lasting alleviation for lumbago and sciatica. The pitch urges readers to buy a small triad bottle from a druggist.
New York financial notes show Mercantile Paper at 4 to 1 4 and 60 day bills near 471 while demand and cables for several currencies hold around 471 to 476. Government and railroad bonds post mixed moves with call money steady. time deposits and rates range from 2 to 2 1 2 percent.
Ossing New York March 15 Sing Sing prisoners face higher living costs with rice and macaroni replacing potatoes and onions to cut feeding expenses for about 1500 inmates. Bread distribution outside meal hours is restricted. Beulah Armstrong of Baker University holds highest four year scholarship average since 1858.
Washington March 15 high reverence for Andrew Jackson marked by nationwide exercises and banquets. Democrats honoring Old Hickory as patron saint arrange meetings while cities named for the battle of New Orleans also host suitable events.
A brief classified style ad urges readers to join the Good Record Exchange. The call to action emphasizes community support and neighborly goodwill without extra details.
United Press reports Ambassador Sato arrived from Washington to attend the Pittsburgh Press Club banquet as guest of honor. It is uncertain if he will discuss Japanese American relations. Attendees include Sir Gilbert Parker Roy W Howard and Senator Warren G Harding with about 650 guests expected.
In sad but loving remembrance of Captain S Ni Dodd who entered into rest March 15 1916. His daughter Viva Dodd expresses gratitude for the sympathy shown by Christian people and lodge members during his illness and death.
Warren line officials announced they had indirect word that the British steamer Sagamore sailing from Boston February 21 to Liverpool was sunk by a submarine. Sagamore of 5036 tons, built 1892 at Belfast, carried a general cargo and munitions, required armed defense, and valued at 1.5 million dollars. Captain P Cummings led a fifty man crew. The British consul reported two Americans possibly joined as firemen just before sailing.
Readers learn Hall's Catarrh Cure cures catarrh through internal action on mucous surfaces. Proposition offers $100 reward for proof of failure to cure any case, with testimonials available from F J Cheney and Co Toledo Ohio. Drugists sell for 75 cents.
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