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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
May 11, 1917
Page
3
May 11 cotton markets showed a steady to mixed tone with futures holding near last night’s levels as prices traded within a narrow range. Spot New York cotton commanded around 0 cents as traders watched export demand and weather cues while futures fluctuated and closed little changed amid cautious trading in steel, grains, and energy shares.
Prices rose six to eight points in early trading as cool belts and storm fears limited gains. By 1:30 the market fell 10 to 29 points from the high, closing steady with an overall advance of 9 to 29 points. Spot cotton rose 18 points to 18.50 to 20.05 cents with receipts at 4,172 and a stock of 268,218 bales.
Liverpool on May 11 reports good middling at 12.94 and middling to low middling around 12.59 with 8,000 sales including 800 for speculation export. Receipts total 13,200 while futures show February around 12.63 amid fluctuating quotes.
New York cotton seed market eased on May 11 with spot at 16.20 and nearby futures ranging from 16.25 to 16.50 across May to August. Total sales reached 37,900 barrels with limited upside in late-year contracts.
Chicago and New York markets report butter and eggs holding or rising with steady receipts. Creamery butter ranges 29 to 38 cents, eggs high irregular, chick and fowl prices easing to mid twenties, dressed poultry 20 to 27 cents, storage and fresh gathered factors noted.
Spirits 42 1 2. Rosin 5 and 5 25. Tar 3 20 and 14 1 2 cents. Crude 3 40 3 40 and 2 40. Cotton 1. Spirits 1. Rosin 5. Tar 55.
Turpentine firm at 42 to 42 1 4 with 400 receipts and sales. Rosin firm with 1,178 receipts. Quote ranges for various grades: B 5.70–5.75, D E F 5.80, G 5.85, H 5.80–5.85, I 5.80–5.90, K 5.90–6.10, M 5.90–6.20, N 5.95–6.25, WG 6.00–6.30, WW 6.05–6.40.
New York sugar markets opened irregular with ongoing liquidation due to ample spot offerings. Prices slipped 3 to 5 points, then rallied on covering, noon quotes 2 to 5 points higher. Close barely steady with May 5.18, July 5.30, September 5.36, December 5.03. sales 18,600 tons.
In Peking on May 11 the House of Representatives ended a secret Thursday night session without passing a resolution declaring war on Germany. The debate stirred strong public sentiment during a period of anti war agitation.
Twelve members of the Russian Council of Soldiers and Workmen Delegates led by the president travel to Schluesselburg to address a dispute after the district committee declared itself an autonomous unit.
In Lynchburg Virginia it was reported that northern buyers now hold 734000 pounds of beans in storage. Warehouse officials refused to disclose the owners’ identities.
About 700 children from Calvary and Southside Baptist Sunday schools rode to Wrightsville Beach this afternoon as guests of Tidewater Power Company. Two eight-car trains ferried the group there and back. the cars were full but not crowded.
William Crownstream of 711 Taylor street arraigned on seven indictments for violating the prohibition law. He entered nolo contendere through his attorney Woodus Kellum. Recorder Harriss stayed judgment for one year with costs and a $100 good behavior bond. Preliminary hearing held before Magistrate McGowan. Only case before the Recorder after yesterday's holiday.
The Wilmington Chamber extends an invitation to the Junior Order United American Mechanics of the state to hold their annual convention at Wrightsville Beach this year. The group canceled dates for Asheville earlier due to lack of an auditorium large enough to accommodate the gathering.
Major A. E. Waldron, head of the local District Engineering office, reports more than twenty applications from railroad men who offer to join the nine regiments of U S Volunteer Engineers bound for France at the earliest moment.
Two fast national sport matches scheduled tomorrow afternoon at Robert Strange playgrounds. The Light Infantry face the Giants at 2 PM in the first game, followed by the Dodgers against the Immanuels at 5 PM.
Examination of fifty or more witnesses began in the case Brunswick Lang and Lumber Co vs D L Gore in Federal Court. Attorneys expect the trial to take at least a week.
New York May 11 Coffee Rio No 17 quotes 103 8. Futures hold steady with July at 8 22 and September at 8 35 as the market moves on.
Calvary Baptist Sunday school plans a Mothers Day observance next Sunday morning. Attendees wear white flowers in memory of their mothers. The program includes songs, readings, a duet, an address by Superintendent J W Hollis, and a closing song.
Mr Arnold G Davis longtime naturalist of Wilmington died at noon at his home 209 Chestnut street in his 70th year after a paralytic stroke four years earlier. He came from Earlville New York and settled here 18 years ago. Survived by wife two sons Guy R Davis and W A Davis and a daughter Mrs Frank P Harrill. Funeral at St Johns Episcopal Church tomorrow at 11 with Rev R E Gribbin. interment Oakdale Cemetery.
A large audience of about two hundred attended the Union School program this morning. Students performed with the faculty in charge receiving credit for a splendidly carried out entertainment throughout the event.
Mr. Crouch from Asheville arrives for a special visitation to city I O O F lodges and will speak to Hanover Lodge No 145 at 8 o'clock tonight. He is described as a speaker of unusual ability and the talk is expected to be more than interesting.
The Cape Fear river at Fayetteville North Carolina measured 16.7 feet at 8 a m yesterday. The report notes the river stage for the day with a brief emphasis on the flood level status and local timing.
Death notice for Arnold G. Davis aged 68 who died at 12 15 p m on Friday May 11 1917 His birth date is June 27 1848 Funeral arrangements to be announced later.
Advertisement claims Rheuma rapidly relieves rheumatism and sciatica by neutralizing toxins in joints and muscles. It promises quick relief within days and offers a 50 cent bottle with a money back guarantee if results are not as expected. R. R. Bellamy supposedly stocks Rheuma and guarantees the remedy.
Pupils of Williston Industrial School will stage "A Rose Dream" this evening as the closing feature at the Academy of Music. Immediately after, the upper grades perform "Princess Chrysanthemum" in the same program.
The student body enjoyed a splendid patriotic program at the high school this afternoon. Members of the literary society staged the entertaining af fair and the weekly gatherings are eagerly anticipated as part of student life.
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