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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 22, 1917
Page
3
New York March 22 cotton prices show nervous, irregular action with May and October futures edging lower amid limited spot demand in the South. Reports of unsettled weather and strong forward demand earlier in the session contrast with midday realizations and quiet trading as prices fluctuate.
New York on March 20 reports spot cotton quiet with middling grade at 1905. The market shows little movement as buyers and sellers pause amid steady demand for better grades.
The New Orleans cotton market opened with poor cabins pressing prices as selling from recent buyers emerged. Unfavorable belt weather steadied the market, with declines of 7 to 14 points in early trades before a late rally on solid spot demand. By noon new crops traded 6 to 7 points above yesterday, and closes showed a net decline of 55 to 29 points.
New Orleans spot cot ton firm and unchanged on March 22. Sales 1,757 bales. arrivals 575. Prices range from good ordinary 17.13 to strict good middling 19.26 with receipts 2,985 and stock 428,735.
Cotton spot steady with good middling 12.56 and middling 12.45, low middling 12.28. Sales 6,000 bales, 500 for speculation and export. Futures steady with closing: March 12.12, April 11.76, December 11.22, March–April 11.18.
Authorities investigate Valerian Johannes Pieczynski and Hugo Coutandin German youths arrested after photos and papers link them to a group of hikers moving across the United States in two years and a half. Police note passports, ship career details, and a honeymoon travel tale while examining others connected to the case.
Spirit prices show Spirits at 42 cents with no movement for Rosin. Tar quoted at 2.90 and 13 cents. Crude materials listed at 3.50, 3.50 and 2.50 with receipts for Cotton and Tar shown.
Turpentine firm reports 411 2 sales 255 receipts shipments stock 9710. Rosin firm sales receipts stock 71405. Quotes listed for grades B D E F G H I K M N W G W W varying from 525 to 560.
Chicago and New York market notes report butter and eggs movement with receipts and price ranges. Chicago lists eggs higher with 14 721 cases and varied firsts. New York shows butter steady with 2 739 receipts and mixed egg prices, plus live poultry weakness and dressed prices for chickens fowls and turkeys.
New York sugar market shows raw sugar at 5.39 centrifugal and 4.52 molasses. Refined grades steady from 7.00 to 7.50. Futures rise early on covering and external support, with noon quotes 4 to 5 points higher.
New York coffee market reports Rio No 7 futures at 95 8 with May at 7 83 and July at 7 98 as futures hold steady on March 22.
Spot bids hold steady as grain oil prices rise with March to October futures. Market shows 20,000 barrels traded with bids ranging from 13.26 to 14.75 across months and months.
A Sing Sing inmate, visiting Fifth Avenue between winter and spring, views fashion, cars, and tours with awe. The return to his Bronx home triggers tears not of joy but sorrow for friends confined in their cells.
Valerian Johannes and Hugo Conradin, two German youths arrested in Atlanta, recently visited Mobile along with A. T. Enden. Enden claimed to have married the woman involved and accused the first two Germans of coercion. They exhibited photographs of state and national officials from many states.
New York day by day reports two poets visiting the city. Ray Long of Chicago finances a poet who then jokes about his “permanent investments.” A San Francisco poet dines in a lobster hall with editors and guests as the question is posed, “War or peace?”
Refugees endure hunger as French commissariat forms. Ham town tower of Napoleon III is blown up, German money replaced by paper, and women deported for labor at Maubeuge. Villages lie waste as German troops deny shelter and resources. Von Hindenburg cited as leader of policy.
Viscount Lord Milner visited Petrograd to push reforms and avert revolution. He urged the Czar to accept changes, but the Czar remained obdurate. Duma members took Milner’s departure as a sign that nothing could be done and revolution was likely. England may have given tacit or real support to the revolution due to suspicions of a separate peace with Germany.
A semi official Saloniki message says Bulgarians, pressed by Allied forces, renewed shelling of Monastir on March 18 and 19. Six hundred shells including gas bombs fell on the open town killing 25 and injuring many as 59 houses were destroyed.
March 22 1916 reports say the liner Minneapolis used as a British transport was torpedoed in the Mediterranean. German forces took Haucourt Hill northwest of Verdun. Russians captured three lines of German trenches at Lake Narocz with about 1000 prisoners. Austrians abandoned Czernotitz.
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