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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
May 05, 1917
Page
3
Market and weather brief noting cotton futures with July and October activity, prices mixed by midmorning, and a close lower on the day. New York spot middling price listed with volume. Wilmington naval stores and wholesale prices for meats and produce included, plus major U S stocks table and a coastal weather report for multiple cities with temperatures and rainfall.
In New Orleans on May 5, low temperatures and fears for the new crop weighed on cotton prospects, sparking moderate buying. Prices fluctuated, with gains of 12 to 18 points during peaks, then eased later as demand cooled and trading closed steady to modestly lower than yesterday.
New Orleans spot cotton with favorable prices shows wet and unchanged values across grades from strict low middling to good middling. Cotton seed oil in New York closed steady with total toll sales at 15,600 barrels and prices around 15.84 to 16.16 per barrel.
May 5 market notes show butter receipts 6 624 and 3 firm receipts total 32 738. Creamery extras fetch 40 1 2 to 41 with cream prices around 2 score. Cheese unsettled at 27 to 27 1 4. Poultry prices quiet with storage firsts around 36.
In New York on May 5, the sugar futures market showed steadier tones with slight net gains for nearby contracts as demand rose from spotmarket activity. Prices posted May 5.34, July 5.49, Sept 5.??, December 4.18, with molasses at 5.39 and refined sugar steady around 7.50 to 8.50.
The May 5 Wall Street session opened irregularly but moved toward gains as abroad news soothed sentiment. United States Steel attracted buying after a small early setback, while affiliated industrials strengthened with metals oils industrial alcohol and select equipment shares. Delaware and Hudson rose three points to 111, with Lehigh Valley Norfolk and Western each advancing a point.
Turpentine firm 443-4 with 179 receipts and 45 shipments. stock 9 599. Rosin firm with 681 receipts and 30 shipments. stock 78 937. Quotes show B and D at 5.70 to 5.75, EB and F at 5.75, G at 5.80, HL at 5.85, K at 5.90, M at 5.95, N at 6.10, W G at 6.15, WW at 6.20.
Coffee No 7 Rio 101 4, futures steady with May at 7.94 and July at 8.13 as of May 5 in New York trading, market notes.
Chicago May 5 wheat prices moved higher with nervous traders awaiting Washington control decisions on prices. May and July futures opened mixed, then rose overall before easing. Corn followed wheat trends with small trade, while oats held steady. Late gains in wheat buoyed markets though profit-taking cooled corn.
Mercantile paper 4 1-2 to 5, sterling 60 day bills 4.72, commercial 60 day bills 4.71 1-4, demand 4.75 5-8. Cables 4.76 7-16. France demand 5.71 1-2, cables 5.70 1-2. Guilders demand 40 3-4, cables 40 7-S. Lives demand 7.00, cables 6.99. Rubles demand 273-1, cables 277-8. Bar silver 74 7-8, Mexican dollars 573-4. Government and railroad bonds weak.
The page notes sunrise and sunset times for Aiea and Fayetteville NC, reports Cape Fear river stage at Fayetteville 8 am yesterday 6.2 feet, and advertises Dancing at Lumina with Grainger orchestra plus a Leipsic gun reference.
British labor leaders Bowerman Thomas and Garrod arrived in New York on a British steamship and will proceed to Washington to advise American labor in wartime. They travel at the invitation of the American Federation of Labor and represent the British government and labor party.
London May 5 Associated Press Churchill, former first lord of the admiralty, denies he opposed naval offensive action. He recalls the March 1915 German submarine campaign and argues measures were offensive in character and largely quelled, while critics’ outcries over losses stunted initiative for nearly two years aside from Jutland.
Philadelphia May 5 marking the centennial of the American Sunday School Union. Local and national events will continue through much of the week with programs broadcast from union headquarters. The organization has founded about 120,000 Sunday schools and aided nearly a million pupils in 1916, with 1,413 new schools, 7,376 teachers, and 68,804 scholars.
Paris struggles to supply American flags as demand from locals and visitors surges ahead of Wilson administration action. Departments report shortages of Stars and Stripes with both Americans and French buying while waiting for restock. The text closes with a weather joke about teams.
More than 100 young men and boys joined the annual physical demonstration at the YMCA gym last night. Despite bad weather the gallery was full and the program pleased all. Oscar Kellar, physical director, received praise for the exhibition. The pyramid built by fourteen business boys stood out, followed by ten seniors in apparatus work. Other numbers included dumb-bell drill by juniors, White Elephant by intermediates, and tumbling by special boys. Grainger's orchestra provided music.
An order from the New York Supreme Court directs Jesse S. Phillips to take possession of the Casualty Company of America for liquidation. Over 750 telegraphers on the Norfolk and Western Railroad system receive an 8 percent pay raise, the third department to gain increases since January. Raymond B. Fordick of New York is named by Secretary Baker as chairman of an advisory committee on camp life moral hazards amid mobilization.
A second loan was made today by the government to Great Britain. The amount of 25 million dollars was transferred by Secretary McAdoo to Ambassador Spring-Rice.
Baron Frie Fredrich von Falkenhausen arrived in Brussels to assume duties as Belgium's new governor general. He chose the residence formerly used by King Albert before his ascent to the throne, as his official dwelling.
Emperor William granted an audience at the great headquarters to Count von Bernstorff, the former German ambassador to the United States. It is reported Bernstorff may be appointed minister to a neutral country.
May 5 report from New York states that all available police are kept on war-guard duty so the traditional police parade did not take place. Home De notes indicate continued security concerns and a shift in public events.
Officials in Santiago ridicule reports that the Chilean minister at Berlin demanded his passports and that a secret Germany Chile pact was being considered. Anonymous persons were said to be exploiting credulity with absurd news.
About 8,000 uniformed marchers formed the body of the parade and 200 honor men from the department and several military orders filled in, creating a notable display of civic tribute.
Local ad urges readers to attend a Lumina venue dance event tonight featuring good music and social entertainment.
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