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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
May 25, 1917
Page
3
The stake market advanced early with gains of 19 to 29 points as traders cited bullish private reports and favorable goods trade. July and October futures rose to around 21.45 and 21.07, with steady closing tones and active absorbent buying amid near term strength. Cotton spot in New York steadies at middling 21.95.
Liverpool demand pushes New Orleans cotton higher with active buying at opening and four months reaching new highs. Weather improves across the belt aiding the advance, market closes steady with notable gains across July October December January and March futures.
Spot cotton in New Orleans on May 25 shows gains with 18,024 sold and 870 to arrive. Prices range from good ordinary at 19.68 to strict good middling at 21.61, with middling 21.06 and strict middling 23.95. Stock receipts reach 248,483.
Liverpool cotton market reports strong futures and steady spot demand. Good middling cotton traded around 14.06 with low middling near 13.65. total sales 12,000 bales including 11 500 American. Speculation and export sales 1,000 bales. receipts 10,100 bales, all American. Futures closed strong with several forward-months listed.
Raw sugar in New York on May 25 held firm with refined grades steady and futures firming on scattered covering and outside interest. Prices midday were 7 to 9 points higher. closed 5 to 7 points higher. Sales reached 17,200 tons with May 5.02, July 5.09, and September 5.18 in trading data.
New York on May 25 reports Coffee-Rio No.103-8 futures quiet with July at 8.22 and September at 8.31. Strong entities include Coffee-Rio and July contracts amid a calm trading day.
Butter firms and cheese markets show unsettled values while eggs and poultry trade varies. Butter receipts reach 8 619. eggs see 30 286 on hand with mixed firsts and storage packed grades. live poultry steady with chickens, broilers, and turkeys priced across the range.
In Chicago May 25 26 reports note wheat slips after early rally sparked by naval battle rumors. July wheat at 2.23 and September 1.93 then eased. Steel stocks surge led by United States Steel with a 20 006 share block and gains to 133. Golds and industrials rise while copper oils and chemicals climb. Complex tone mirrors a busy Wall Street session with mixed commodity moves and notable shifts in rail and sugar prices.
Turpentine firm reports 421-2 sales and 323 receipts with 9,887 stocks while Rosin shows 900 receipts and 1,938 shipments, stock 66,600. Quoted prices list various grades from B through WG and WW with bids around 5.75 to 6.30.
The cotton seed oil market closed steady with spot at 16.65 and futures bids ranging from 16.40 to 16.60 across the June to December contracts. Total sales totaled 28,800 barrels.
The Cunard steamship Feltria a 6254 ton freighter was sunk on May 5 off the Irish coast. The captain and 52 crew members including two Americans are missing. The ship formerly named Uranium last appeared in American waters February 18 sailing to Liverpool with a cargo.
In Washington on May 25 the Senate began consideration of the administration food bill aimed at boosting production, creating a national food census, and selling seed at cost. Senator Reed opened with remarks on the wheat situation, denying abnormal hoarding and citing a world shortage of 100 million bushels and an artificial 300 million bushel shortfall due to wartime Russia and shipping limits.
Wake Forest May 26 remarks highlight the second day of commencement with medals for best orator debater and improvement in public speaking awarded by the Eure sian Literary Society. Dr Henry Churchill King of Oberlin delivers the annual literary address on The Will and the Deed. Class reunions and alumni events cap the program as senior class completes exercises in Wingate Memorial hall.
The speaker notes it may be the management and not Comiskey failing to deliver a Chicago championship. A change in management seems likely and regarded as a strong bet.
The Pythians have called off their planned visit to the Clayton orphanage, an effort run by the organization, scheduled for the latter part of this month or early next, due to wartime conditions.
Centerville Alabama letter dated June 15 1916 from Meigs Drug Store praises Dr Kilmer s Swamp Root noting eight years of selling and strong customer praise with no criticisms. The ad urges sending ten cents for a sample and a booklet on kidneys and bladder and advertises regular bottle sizes.
Foreign Secretary Balfour told Washington reporters at the National Press Club that the United States has achieved much in forty days since entering World War I and will soon contribute decisively to the ally war effort. He noted congressional delays but affirmed confidence in swift wartime powers and thanked the American press for its accuracy and patriotism.
The fifty seventh general assembly of the Presbyterian Church in the United States dissolved in Birmingham after appointing a committee to confer with the Northern branch. It ordered another assembly to meet at Durant Oklahoma on May 6, 1918, after completing all business.
President A L Brooks of the North Carolina Bar Association will secure a nationally prominent speaker for the 1917 convention to be held in Asheville. Governor Bickett will attend with other members expected.
Special to The Dispatch reports Flora MacDonald College marking commencement day with a $50,000 challenge from George W. Watts of Durham to raise $100,000. Dr Henry Churchill King of Oberlin lectured to the 1917 class, enhancing a program that included visits by notable speakers. Trustees authorize a new business department for stenography and bookkeeping, expand domestic arts and sciences, and other building improvements.
The investigation into sales restrictions by Ford dealers was heard today before Attorney General J S Manning. Witnesses from automobile dealers testified while Ford was accused of requiring exclusive rights, with possible prosecutions and fines up to 1000 dollars per violation depending on the outcome.
Wilmington Shoe Company advertises women’s patent colonial shoes in widths AA to D with a sale price of 7.50 and a Saturday price of 4.48. The notice highlights the brand and discount timing for readers.
Miss Annie Barr Greenville South Carolina Louise Dixon Red Springs Grace Gaither Newton Ruth Quil christ Laurinburg Lucy Haskitt Kinston Annie Johnson Red Springs Gladys Kirby Kenly Geneva Morri son McColl South Carolina Ethel McLachern Hamer South Carolina Mary McLeod Red Springs Virginia Taylor Greenville South Carolina Ruth Townsend Raynham Dickson Wardell Red Springs Louise Williams Dunn are listed among the deceased in a regional notice detailing names and towns of recent passings.
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