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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 26, 1917
Page
3
March 26 market notes show a volatile cotton session with spot advances and profit taking. May and October futures drifted around the 19.00 and 18.40 levels while Wall Street demand and hedging influenced prices. Naval stores, grain and stock updates from Wilmington, Savannah, and Chicago accompany the day’s market activity.
New York on March 26 reports a quiet spa market with middling activity and a 19.20 price level. Market watchers note subdued sentiment as traders await cues.
New Orleans reports unfavourable weather across the belt with heavy rain in the east and drought in the west. Prices rose 8 to 11 points in early trading as offerings remained slim and some cotton was released by buyers. By noon active months dipped 1 to 4 points from Saturday’s close, with Coron closing steady down 20 to 14 points.
New Orleans on March 26 reports steady spot prices with goods offered on spot and to arrive. Quotations include strict low middling 18.50 and middling around 18.75 to 19.12 with various grades listed and a total stock of 420,295 and receipts noted.
Liverpool March 26 cotton market report shows spot price good middling at 12.68 and middling at 12.40 with sales totaling 5,090 bales including 300 for speculation and export. Receipts reached 14,000. Futures remained steady with a sliding ladder of contract values from March at 12.28 to February-March 11.47 across the next year.
Spot Iowa at 14.00 with March 123.86 to 13.90 and April 1.87 to 13.89. May 13.91 to 13.92. June 1.85 to 13.91. July 13.87 to 13.88. August 13.84 to 13.85. September 18.853 to 18.85. October 12.36 to 13.38. Total sales 28,200 barrels.
Raw sugar prices show firming notes with refined and powdered grades quoted and futures opening active. May, July and September contracts edge higher after broad-based demand from outside sources and trade interests. sales reach around 7,000 tons.
Butter firm creamery 33 to 40 cents. Eggs receipts 8 816 cases. Firsts 27 3 4 to 28 cents, ordinary firsts 26 1 4 to 27 1 2, at mark cases 25 to 28. Potatoes higher receipts 48 cars. Wisconsin Michigan 2.30 to 2.45. Idaho Colorado Oregon Washington white 2.50 to 2.60.
Kansas City report lists creamery items with first and second quality yields. Butler records include 42 for first, 40 for seconds with 388 packing. eggs show 27 1 2 for firsts. Poultry quotes cover hens 19 1 2, roosters 14 1 2, turkeys 24 1 2.
St Louis market figures show hens 20 1 2, springs 24, turkeys 26 1 2, ducks 17 to 20, geese 138, butter 42, begs 26 1 4. The data reflects daily poultry and dairy quotes from local dealers.
New York commodity market reports Rio No 7 coffee at 95-8 for futures. May and July contracts show prices around 9.56 and 9.70 with a gentle trend.
An exhibition at the Anderson galleries in New York opened to raise funds for French artists wounded fighting for France. Francois Charles Cachoud, a Knight of the Legion of Honor from Chamberry Savoy, is the sole French painter devoted to moonlight scenes. Sponsor Madame Iswolski, wife of the Russian ambassador to France, helps promote the charity.
Wilmington Red Cross chapter at the Marine Hospital held an enthusiastic morning meeting in response to a Washington call. Mrs Cuthbert Martin presided with Mrs Lyman Delano as special chair and Mrs Walter Parsley as assistant. weekly sessions to produce Red Cross hospital supplies continue Tuesdays and Fridays at 10 o clock. The National Special Aid Society donated substantial supplies.
Captains and team members of the Y M C A membership contest meet at the association building tonight at 7 for dinner to plan a big drive starting Wednesday morning. Wilmington aims to win the annual inter state tournament as teams report daily at 1 o clock with brief talks from a Wilmington representative.
Special Congress prevents the president from attending the First Presbyterian Church centennial celebration. Wilson had been scheduled to speak April 4 but will miss the event due to the congressional session. His father served as pastor of the church, heightening the personal interest in the observance. A Housewives League meeting is set for Chestnut street club rooms tomorrow at 4 PM with urging for all members to attend.
Mr and Mrs B J Bryan Jr express gratitude for flowers and kindness after the death of their son J Ernest. They acknowledge the inability to thank each friend personally and extend heartfelt appreciation dated 3 26 1tj with illegible trailing text.
The Indiana University baseball squad leaves Bloomington today for spring training in the South staying until April 6. They will face Kentucky State University March 27 in Lexington and Georgia Tech April 4 in Atlanta, with games also listed against Tennessee University, Georgia University, Mercer College and Vanderbilt University.
German actions challenge longstanding treaties as ships with American citizens and property are sunk without warning. The note suggests a new German treaty stance, proposing wartime protections for German subjects in the United States and for German property, and questions whether Senate approval is needed to deem treaties abrogated.
Stage at 8 am yesterday measured 22.1 feet in the Cape Fear river at Fayetteville North Carolina with rain observed.
AP reports Washington march 46. Democrats and Republicans in the House anticipate discord over House organization as the special session opens next week. Wet Democrats threaten retaliation against prohibition moves, Northern Democrats oppose many Southern chairmen, and Progressive Republicans oppose regulars under the seniority rule. Observers foresee possible abolition of seniority. Democratic caucus Friday and Republican caucus Saturday to set rules, with five independents meeting this week.
French patrols advanced beyond Fosembray south of the Coucy forest while north of Rheims French batteries hit a German munitions depot east of Du Godat farm. Five German planes fell to French pilots and Ortoli destroyed two more. Aerial strikes targeted Thionville Briey basin Conflans and Montmedy. Germans suffered costly losses against French counter attacks between the Somme and Oise.
New York March 26. The government expects to finish its case today at the trial of Charles von Kleise and five others charged with conspiring to destroy ships carrying supplies and munitions to the Allies. The trial began in Federal Court last Wednesday and a verdict is expected on or before Thursday.
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