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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
May 22, 1917
Page
3
The New York cotton market opened steady with a delay in futures as July traded around 28 cents and October near 26 cents amid unsettled Russian state fears. Stronger spot selling in the South and liquidation pushed prices down, with stop orders scattered and contracts closing lower on the day.
New Orleans May 22. Cotton futures opened up but retraced after census bureau report shows lintner production to April 30 at 1,210,876 bales. By mid-morning months traded 7 to 11 points under previous close. ended very steady with gains of 21 to 22 points. Spot cotton steady with specific prices for grades and middling around 19 to 20.50. Receipts totaled 2,878. stock 270,193.
Liverpool notices a steady spot market with good middling at 15.45 and low middling at 1.20. Sales reach 12,000 bales, receipts 5,000 with 4,900 American. futures close steady with May at 15.04 and various spreads listed through next year ending at 12.05 for April May.
The cotton seed oil market closed easier in New York on May 22 with spot bids at 18.40. futures ranged from 16.13 to 16.60 across various months, totaling 41,100 barrels sold.
May 22 in New York markets shows raw sugar steady at 6.02 centiponds, refined at 7.50 to R30, with futures opening easier and 2 to 6 points lower on liquidation by Cuban interests. Spot market follows as prices close easy, down 19 and 13 points. sales total 18,400 tons with May at 5.04, July 5.10, September 5.18.
Spirits steady with no trades. Rosin quoted at 5.20 and 5.45. Tar 3.30 and 0.15. Crude also inactive.
Fragmentary OCR shows stray letters and partial terms about receipts, sponsorships, or financial notes with no coherent event, date, names, or entities readable. No identifiable people or organizations can be confirmed from the fragment to anchor a factual summary.
Turpentine remains steady at 4 1/2 to 6 1/2 dollars per barrel with bids and quotes ranging from 6.00 to 6.45 for various grades. Rosin stays firm with bids around 6.20 to 6.35 and stock levels nearing 69 thousand barrels, receipts at 1,513 and shipments at 2,074.
Atlantic Coast Line brakeman L. H. Marshburn was knocked from a locomotive tender by a water tank spigot while helping fill water cylinders. He was unconscious briefly and drenched, then taken to his home at 614 South Fifth Street.
New York May 22 trading opens with profit taking and varied price shifts. United States Steel briefly hit a record 125 3 4 then eased. Bulk of early movers show fractional gains for several majors including Anaconda Copper and American Sugar while others like General Motors and Westinghouse slip. Weather and forecasts noted at end of report.
Mercantile paper settles at 4 3 4 to 5, sixty day bills around 4.72, demand rates at 4 3 4 to 4 3 4 with cables. Francs and guildings quoted, live and ruble values listed. Time loans show 4 1 4 to 4 3 4 for various terms. call money trades between 2 1 2 and 2 1 2 with last loan 2 1 2 and 2 1 4 to 1 2.
New York spot cotton closes steady with the middling grade set at 21.30 cents per pound. Market observers note unchanged values amid light demand as traders await further signals.
New York May 22 Coffee prices for No 7 Rio futures remain steady with July at 8.21 and September at 8.31. Market observers note quiet activity as traders wait on further cues for the global supply outlook.
Eggs firm with receipts of 35 427 cases and fresh gathered series at 38 to 37 1 2 cents. Cheese easy with 8 527 boxes received and 5 652 in transit for export. Poultry live weak with no prices set clear. dressed chickens 29 to 30 cents, fowls 19 1 2 to 25, turkeys 18 to 35.
A Lexington fire destroyed property valued at about 600000, starting in a livery stable and consuming most of the central business district within an hour. The loss included the Second Presbyterian church, with streets bounded by Upper Church Short and Limestone cited.
The Board of Registration lists selected registrars for the June 5 registration day from 7 am to 9 pm. Registrars serve without compensation. a chief registrar oversees each precinct and posts instructions. Failure to register carries up to one year in prison. Mayors receive compiled returns by noon the following day.
The stage of water in the Cape Fear river at Fayetteville North Carolina was 3.6 feet at 8 o clock yesterday morning indicating moderate rise and flow in the stream for the period.
Two sleeping cars depart Wilmington at 10:00 PM on Wednesday May 23rd via the Atlantic Coast Line to Rocky Mount arriving early Thursday. Return sleepers available after 10:00 PM Thursday night leaving Rocky Mount at 1:00 AM to Wilmington arriving Friday morning. Round trip fare is $4.05 with berths at $2.00 for lower and $1.60 for upper. two persons may share a berth at no extra cost. Reservations by telephoning 160.
A judge ordered the closure of the French Millinery Parlors and put the stock and effects under temporary receiver Emmett H. Bellamy Jr. The action follows a $8,000 liability claim by Florence H. Foard against L. L. Newell, with partners’ articles and mortgage issues cited. Decision on asset disposition set for Monday.
The Devland liner Colonial, 6440 tons, was wrecked last night on the south coast of England. The ship carrying munitions grain lumber and cotton from Boston likely faces total loss. The cargo valued at $2,000,000 may have been partially landed at Plymouth. The fate of the crew and the cause are not disclosed. Also noted is Miss Mary E Hallam who has worked for forty four years as a Chicago saleswoman.
Captain James B. Lynch of the Wilmington Light Infantry seeks local physicians to perform free physicals on 109 enlisted men and 3 officers. With no funds for examinations, volunteers will help identify who meets requirements for July 25th service and who may be discharged or enlisted.
The Raleigh News and Observer reports Adjutant General B S Royster announced mobilization of Coast Artillery companies on July 15 at their rendezvous and dispatch within two weeks to stations. Other National Guard units will be drafted into Federal service July 25 ending their state status as they come under presidential control. Guardsmen to remain at home stations about two weeks before concentration camp orders.
In the court of Judge W. M. Bond convened yesterday at 2:30 p.m. H. F. Schulken won a $100 verdict against Anderson Stroud. Collins-Plass-Thayer v Love & Woody was continued. Louvenia Clemmons was granted a divorce from D. D. Clemmons. American National Bank v H. P. Dew is on trial. A Wall Street luncheon club for women bankers, lawyers, and businesswomen is planned.
Special round trip rail fares listed from Wilmington North Carolina to multiple cities including Atlanta Washington Charlottesville Nashville and Savannah with varied sale dates and late return limits. Notices show limited return windows and extensions with agents R W Wallace and H E Plants in Wilmington NC.
Washington May 22 All naval vessels authorized by Congress have been contracted for except three dreadnoughts and a few minor craft. The navy orders many additional destroyers submarine chasers and 24 sea going tugs. Submarines destroyers and tugs to be built on cost plus 10 percent plan with material delivery arranged.
The National Council of Women plans to channel its wartime energy into a large scale campaign aimed at mobilizing boys and girls under 21 into industrial and agricultural jobs.
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