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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
May 09, 1917
Page
3
Relatively easy conditions and a warmer South fueled selling at the open of today’s cotton market. Early declines ranged from 6 to 15 points, with July slipping toward 1947 and October around the same, as replanting and light weather concerns weighed on prices before the hour ended.
In New Orleans on May 9, cotton prices slipped 6 to 10 points in early trading as poor cables and weather forecasts dampened demand. The market steadied at a 13 to 27 point decline after expectations of damage reports from recent cold weather.
May 9 Liverpool spot cotton firmer with good middling at 13.00 and low middling 12.65. Sales reach 4000 bales including 800 for speculation and export. receipts 14,000 bales. Futures dull with listed hullabaloo on near terms July August and other spread pairs showing values from 11.94 to 11.53 across months.
Chicago May 9 market notes show sharp wheat advances after government crop data reveal record winter wheat abandonment. May futures rise to 3.07 3.11, July to 2.40 2.42 before a dip. Corn soars past prior highs, May near 1.59 1 2, with oats and provisions also edging higher amid broad buying.
May 9 Savannah reports turpentine firm sales 43 431 4 receipts 567 shipments 596 stock 9 665 and rosin firm sales 1 403 receipts 4 527 shipments 73 166 stock. Quoted prices list B D E 5 65 F 5 80 G H I 5 85 K 6 00 M 6 05 N 61 5 WG 6 20 WW 6 30.
New York May 9. Stocks showed freer trading at the open after overnight events, notably the government revenue measure. Major declines appeared in United States Steel Bethlehem Steel Marine preferred and key metals and utilities. Rails yielded with Reading down over a point Union Pacific a full point Canadian Pacific and St Paul also sliding. Trading was heavy and broadest in recent sessions, easing slightly as the first hour ended.
Flour futures in Minneapolis rose today with fancy patent flour at 16.30 a barrel, up 80 cents from yesterday and 1.60 higher in three days. First clears gained 70 cents to 14.60.
Miss Lizzie Swann died at James Walker Memorial Hospital this morning at 4 o clock. Born Sept 5 1849 she is survived by one brother Wrang Swann and three sisters in law Mesdames James Theodore and Dan a Swann all of the city. Funeral services will be held tomorrow at 9 o clock at Fifth Ave Methodist church with Rev J OH McCracken officiating.
Raw sugar and refined sugar held steady to weak as futures opened quiet then fell 4 to 5 points by noon. Prices closed easy with declines of 6 to 15 points due to liquidation and stock market weakness. sales totaled 5,100 tons.
New York May 9 Butter shortages and rising creameries while eggs show unsettled supplies. Fresh gathered and storage packed firsts quoted between 34 and 37 cents. Cheese firm with steady demand. Live poultry firm. dressed chickens and fowls priced in a range. Chicago May 9 Butter unchanged Eggs lower with ample receipts 38,807 cases. Potatoes unchanged Poultry alive unchanged.
New York May 9 Coffee Rio No 7 trades at 101 2 futures hold steady. July futures listed at 8.39 and September at 8.47 with no change in tone.
President Wilson gathers 30 leaders at the White House to press a one billion dollar shipbuilding appropriation to combat the submarine menace. House and Senate conferees remain deadlocked over the Army bill and Roosevelt division deployment. A five hundred million dollar bill will be introduced immediately with the rest to follow as needed.
The National reunion of United Confederate Veterans in Washington on May 9 aims to highlight national unity in World War I. Plans seek to showcase Blue and Grey reconciliation as war clouds darken the world, with a proposed retro gesture linking Richmond and the Confederate era as a lesson in American character.
Boston May 9 reports say a fire off Nantucket Shoals lightship involving the steamer Sebastian was brought under control with a trans Atlantic liner standing by. No further word had been received early today, suggesting the situation was resolved.
Premier Tuan Chifui and the cabinet urged a war resolution against Germany in a secret session. The measure was referred to the standing committee for Thursday. A stormy Senate session followed with strong opposition demanding cabinet reorganization before war.
The note discusses a water-glass solution used by many people to preserve eggs. It mentions it was invented by a German chemist in 1825 to harden the exterior of buildings.
In the Recorder Harriss court W T Knowles alias J W Knowles, a store keeper at Front and Wright streets, had a year’s costs sentence suspended after a warning ruling on patent medicines. The judge clarified liquor law: medicines sold bona fide are allowed if not beverages. lemon extract is permissible solid. Richard Miles and Thomas Albro received six months each. court to remain closed Memorial Day.
Legal holiday notice states banks in the city will not transact business on Thursday May 10 1917. Wilmington Clearing House Association issued the advisory signed by Secretary Thos E Cooper in Wilmington North Carolina.
Mr. H. Click of the Scripps-Booth Corporation reports a Wilmington trip from Kinston about 120 miles in a little over five hours. He used an eight cylinder Scripps-Booth car via Goldsboro. Fuel use averaged about one gallon per 28 miles. Roads between Wilmington and Goldsboro described as in very bad condition.
Friends express sympathy to Mr and Mrs E S Rushing of 88 Delgado on the death of their four year old child Amy Elmore Rushings at 3 30 this morning. Interment is planned for tomorrow at the Delgado residence.
Campaign expense report for L. L. Shepard councilman candidate from the First Ward includes payments to Kerr Ennett Cox Meier and others totaling 80.00 with items for printing, advertising, and card distribution. Notary certification by G. W. Bornemann dated May 9, 1917 in New Hanover County North Carolina.
In New Bern on May 9 Miss Maggie Smith wed Abbott Morris at the bride’s parents’ home with Rev. Euclid McWhorter officiating. Afterward the couple left for Atlantic N C to begin their life together. Repairs, shipments, and local events fill the brief and steady news brief.
An executive session of the National Electric Light location met in New York City and will continue tomorrow. The session replaces the planned annual general convention to be held in Atlantic City next month, canceled due to the war situation.
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