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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
May 20, 1917
Page
8
Cotton prices opened quiet then firm with July in the 20.30s and October around 20.50. Demand from foreign buyers helped absorb offerings as weather and trade news favored optimism. Naval stores in Wilmington and Savannah showed steady rosin and turpentine, while New York stocks declined on Denver Rio Grande weakness after a court penalty.
Over the past week capitalists and government officials visited Wilmington to learn what advantages the port offers for building about six to eight 3000 ton steam powered wooden merchantmen for the Allies. Wilmington Iron Works pursues two large schooners as sites for more vessels plus potential outside firm participation.
The New Orleans cotton market rose in early trading as weather fears and solid demand spurred liquidation into gains. Prices closed firm with notable advances across May July and October contracts amid wet weather concerns and steady spot activity.
Spot cotton trading in New Orleans May 1 showed steady values with arrivals of 19.61 bales. Prices ranged from good ordinary at 18.75 to strict good middling near 20.68, as offerings were slender and the market held a firm undertone. Near-term months gained 38 to 45 points toward close, marking the highest levels since December.
The cotton market closed strong with limited movement across futures. Prices for June through December futures ranged around 16.5 to 16.63 cents, with total sales totaling 14,600 barrels.
Chicago traders faced light activity as Entente factions reportedly agreed to liquidate grain futures plans and cooperate with the United States on a pooling system. Wheat closed unsettled near 2.40 for July and 2.17 for September, with corn rising on limited seller supplies and firm export sales. Hog provisions rallied with pork leading gains amid dry weather woes in Northern Illinois and Indiana.
Two sleeping cars leave Wilmington at 10:00 Tuesday night by the Atlantic Coast Line for Rocky Mount arriving Wednesday. Return sleepers open for occupancy at 10:00 Thursday night with arrivals Wilmington Friday morning. Fare is 4.05 for round trip. berths 2.00 for lower and 1.60 for upper. Two per berth may share without extra cost. Reservations by telephone 160. T. C. Whith, General Passenger Agent.
New York money market report shows mercantile paper at 43 4 5 and various sterling and commercial bill quotes. Rates cover 60 day bills to banks, demand currency, and commodity proxies with listed values for francs guilders rubles and silver. Government bonds remain steady while railroad bonds trend heavy.
New York sugar futures advanced as shorts covered amid fears of Cuba unrest and firmer spot market. May contracts closed at 5.15, July 5.23, September 5.30, December 5.04 with 18 750 tons sold. Raw sugar firm at 5.14, centrifugal 6.02, refined steady.
The Whitlock West Band cancels its Metropolitan Shows contract for the week of the 21st after protests from Wilmington merchants and the Ministerial Association. The committee expresses support for free band concerts, cites investments of over five thousand dollars, and appeals for city aid and continued guidance from local groups.
Sheriff Jackson and deputies arrested five colored individuals in Brooklyn for violating prohibition laws. Nickburg McGee and Roberson posted bond for Tuesday Recorder appearance. Sloane and Jewett remained jailed. Officers found two quarts liquor a beer case at Sloane home and three pints at Jewett home. Jewett resisted arrest amid a difficult guard-house transfer.
W L S maintained a 1000 percent mark by taking the first game 8 to 4 at Robert Strange grounds over the Dodgers. The Gaylorites stayed safe throughout. In the second game the Giants defeated the Immanuels 13 to 1 amid churchmen miscues.
A plant dedicated to army boot production will be erected soon in Wichita Kas. The development expands regional manufacturing capacity and supports military supply chains with local employment prospects.
The chamber advertising committee moved to restrict fund solicitations by members for entertainment and other donations. Wall cards will require prior approval from the advertising committee before any subscriptions or contributions are made, with broad outreach to members for cooperation.
Seashore Hotel Wrightsville Beach prepares for a big season with a complete renovation. The hotel will open Friday June 1 with new baths, dressing rooms, furniture, and improved culinary service. Royal Canadian Orchestra to headline daily concerts. Major conventions set for June 10 12 and 19 24 plus other events. Captain Edgar L Hinton predicts strong bookings. Chamber plans new illustrated promotional booklet for Wilmington.
Members of Cape Fear Camp No. 254 United Confederate Veterans will assemble at the Wilmington Light Infantry Armory at 10 o clock Monday morning to attend the funeral of Clayton Giles a camp member.
A Wilmington committee led by Col. Walker Taylor pushes to host a divisional cantonment camp under General Leonard Wood. The 500 acre eastern tract offers water rail access and coast proximity. officials forecast a decisive interview with Wood in Charleston. If awarded, 22,000 troops would mobilize locally with a self contained camp town built to support the forces.
Two descendants of President John Adams, authors of much of Massachusetts current constitution, will hold seats in the convention meeting next month to revise that instrument.
Developers led by A. W. Pate expect Carolina Beach to enter its best season yet with new cottages and a bath house under construction. The hotel opens June 1 and a river rail line and city bus service will be ready by then. Despite unsettled conditions some 25 planned cottages may wait, while many visitors are anticipated for the summer.
The Baby Milk Station reports April gifts from Mothers' Club of St Johns Mission and others totaling varied sums and bottles. The Baby Hospital will be replaced by Marion Sprunt Baby Hospital this summer with the board donating funds and furniture. a Victoria benefit raised 53.80 and 32.53 from milk bottles. The station began in 1916 under Sorosis. Miss Columbia Munds RR N oversaw feeding, with $40 monthly city county support and plans to move to Marion Sprunt Hospital soon.
Piedmont Springs hotel in Piedmont Springs North Carolina will open for the season Friday May 25 under manager Karl Wiegand. The popular resort, famed in the South, anticipates an active season with extensive improvements including interior and exterior renovations and grounds beautification.
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