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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
May 26, 1917
Page
3
R D Black of Chicago plans a request to designate the city’s municipal pier as a training site for the Third Reserve Engineers training drive. He works with General W M Black to rush nine engineer regiments to France.
New York cotton futures moved 9 to 10 points with May and July contracts trading around 21.70 and 21.28 respectively. Prices posted higher early on amid bullish sentiment and improving weather, but selling later appeared as traders noted unfavourable reports. spot cotton in New York steadied near 22.00 with the May 26 closing.
Crude prices listed as $5.15 and $3.60 to $3.60 range. Local market notes show spirits costs and crude price briefly referenced with small figures. Indicates fluctuating rates in a maritime or naval goods setting.
Savanna h naval stores reports May 26 show turpentine firth receipts 373 and sales 421 2 44. Rosin firm sales unspecified. receipts 1 104. Quotations list multiple grades with prices from 5 75 to 6 30 and notes ranges for several grades. TEL SPARKS.
New Orleans spot cotton remains steady with an 18 point advance. On the spot sales total 2 193 with arrivals 528. prices update across grades from good ordinary 19.81 to strict good middling 22.38 plus other mid ranges.
Liverpool cotton exchange closed today and Monday, marking a brief halt in trading. Officials cited regular holiday closure as the reason for the pause in activity.
New York on May 26 reports coffee futures quiet with Rio 1038 noted. September 29 contract appears as a distant position, with trading activity described as subdued.
In Chicago on May 26 traders saw wheat recover after an early decline amid bearish US yield estimates. July at 2.17, September 2.18 moved up from session lows. Corn eased on weak crop prospects but demand remained strong and oats followed corn. Provisions stayed firm as hog markets showed scarce receipts next week.
Mercantile paper and currency rates listed for 60 day bills and demand deposits. Foreign exchange quotes cover francs lire guilders and rubles with numbers for cables and standard rates. Government bonds are steady while railroad bonds remain irregular.
The final postwar track meet in Peoria Illinois on May 26 marked the last event of the Shit lt 19 circuit. Athletes competed for the Illinois intercollegiate honor as the season wrapped up after the war.
New York sugar futures opened quiet yet steady as weekend covering and Cuban buying supported prices. May 5.04, July 5.12, September 5.21, December 4.99 with 5,950 tons sold. Raw sugar mosases 5.08, centrifugal 5.96, refined quiet at 7.50 to 8.50.
The Associated Press notes a May market with rising industrial issues led by United States Steel at a new high of 134. Profit-taking followed the rally while rails lagged due to Inter state Commerce Commission delays. Tax policy hopes and crop outlook buoyed sentiment as money stayed easy and copper and base metals strengthened. Russian exchange firm, global concerns persist.
Public hearings on the proposed 15 percent freight rate increase were continued before the Interstate Commerce Commission. Rail executives defended the request while shipper attorneys pressed for evidence that railroads could meet the emergency from surplus funds and other resources before seeking rate relief.
Stock trading in New York opened the week end session with thinning participation and little in the way of gains. United States Steel led by margin, while General Motors and several steels and copper issues edged higher on light demand. Rails moved narrowly with few transactions, and corn products rose on heavy accumulation.
The United States will construct ships to beat German submarines from steel rather than wood. Iron and steel producers pledged to supply materials to Major General George W. Goethals. Informal talks with manufacturers were to be held, following an enthusiastic response at the American Iron and Steel Institute dinner.
Wake Forest University tops a war influenced graduation as 88 seniors receive degrees including Doctor of Laws honor to Governor Thomas W. Bickett. Many graduates enlist or prepare for service at Oglethorpe training camp while orators reflect on war and unity.
Washington May 26 Congress discussed administration war bills in both houses. The debate focused on methods to stimulate production and a food administration machinery to be headed by Herbert C Hoover as committees work on the bill.
Rome reports 3500 more prisoners captured on the Carso as heavy fighting continues. Italian advances push from Timavo river mouth toward Jamiano and seize heights between Flondar and Medeazza, with further gains east of Boscomalo and in the Plava zone. Total Julian front prisoners since May 14 rise to 22,419.
Akron residents, three men and two women, were killed when an Erie passenger train crashed into a motor car at a grade crossing near Mantua, Ohio. Two others were severely injured and one more is not expected to live.
Government officials warn that many men show intent not to register for the draft. Indications suggest a large number may face prison or forced military service after serving their term. The department notes evidence of noncompliance that concerns authorities.
The engagement of Mrs Elizabeth Shevlin widow of Yale football figure Thomas Shevlin is announced in New York. Shevlin a Minneapolis millionaire and former Yale coach died last year after a cold during coaching. Marshall Russell a Winchester Virginia broker is her fiancé and brother of Mrs Gardner W Brown and Dr James Russell, Roosevelt Hospital chief surgeon. Mrs Shevlin has lived in New York since her husband’s death.
Risberg may deserve some credit for the club’s failings but neither Collins nor Jackson has shown a solid batting stride. Collins started slowly and may improve before season’s end, while Jackson is doubtful, though he began slow last year.
The navy seeks 2000 additional physicians to treat 250000 sailors and 2000 hospital apprentices to be trained within two months. The Post Office suspends Greece money orders after June 1. Whitsunday will be observed in England with national day of prayer and royal attendance expected at St Paul services.
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