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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
May 27, 1917
Page
8
Wilmington market notes list rosin prices from 5.15 to 5.35 and crude ranges 3.60 to 2.60 per unit with receipts noted. Savannah report shows turpentine and rosin sales and receipts with quoted grades from B through WW, reflecting firm rosin and varied turpentine figures as of May 26.
In May 96 the New York cotton market opened strong with gains of 9 to 10 points, prices rising to around 21.70 for May and 21.20 for October before selling pressure pulled futures down 5 to 7 points. Traders noted bullish demand but weak trade and reports of easier shipping risks limited optimism. Spot cotton in New Orleans showed gains with prices around 20.31 to 21.38 for various grades and a 13 point uptick on early sales with 2,198 bales traded for arrival.
Liverpool notes that the cotton exchange closed on today and Monday, marking a weekend pause in trading.
The cotton seed oil market ended the session in New York on May 26 with declines across near and deferred contracts. Spot and May moved to 16.40 bid WP 2 ap cha, while late quotes ranged from 16.12 to 16.46 with total sales at 18,900 barrels.
In New York on May 26, Coffee No 7 Rio 108 8 was quoted as futures quiet. July 8 20 and September 8 2 were listed as nearby contract prices with little change.
Weekend session in Chicago saw wheat rebound after an early decline caused by bearish U.S. yield estimates. July quoted around 2 cents lower at first, then firm gains above prior close as corn and oats moved with hog market strength. Provisions held firm amid tight hog receipts and forecasts of next week activity.
Public notice from New York on mercantile and bank bills with mixed quotes. Currencies include sterling 60 day bills and francs demand rates. Government bonds and railroad bonds show steady or irregular movement with varied cable prices.
Butter firm at 8 210 tubs with creamery extras 42 1 2 to 43. cheese unsettled with 3 979 receipts including 2 100 in transit. fresh specials 25. poultry weaker with live chickens 41 to 43 and fowls 21 to 22. dressed chick 20 to 25.
New York sugar futures were quiet but held a steady undertone as nearby contracts closed 1 to 6 points higher. Sales reached 6,950 tons with May at 5.04, July 5.12, September 5.21 and December 4.99 while prices for molasses and centrifugal refined grades ranged around 5.08 and 7.50 to 8.50.
New York May 26 The stock market shows renewed public interest with United States Steel hitting a 134 high and strong gains in industrials. Profit taking tempers the rise while rails lag on ICC doubts. Tax policy optimism and Liberty Loan interest boost sentiment as crop outlook improves and money stays easy. Copper and other base metals rise, exchange with Russia firm and others watchful.
The article details Wilmington men and others named Webb Adams Shanklin Call and Reid appointed as representatives to a Supreme Council convention. T J Phelps of Bluefield West Virginia spoke as Supreme Junior Counselor urging democracy patriotism and service amid European conflict. Welcome addresses came from Mayer Griffith John W Lillard and John H Dudley with J B Call delivering the response.
A Rock Quarry ball game yesterday afternoon pitted Troop 10 Boy Scouts against Troop 11. Troop 10 won 15 to 0 with Harris and Murphy powering the battery for the victors while Robinson and Twining starred for the defense. Heavy hitting highlighted the contest despite the lopsided score.
Market opened weak as many traders were absent for the weekend. United States Steel led gains at 183 1/4, with notable rises for General Motors to 109 1/4 and American Can at 14 1/4. Rail, coal, and copper issues showed small moves, while corn products advanced on heavy accumulation.
The report describes a daytime German raid over England struck a single town, with 16 or 80 raiders repelled and three enemy planes shot down by Dunkirk naval air forces. Casualties included 14 women, 7 children, and 6 men. a main street and a school suffered heavy damage amid street debris and wreckage.
The Brazilian steamship Lapa, 1,866 tons and 229 feet long, was torpedoed off the Spanish coast, the foreign office reported. Details of the attack were not available, but the ship is registered in Lloyds.
In May 1918 reports describe how French infantry rapidly encircles German caves quarries and cellars in northeastern France undermining Hindenburgs fortification plan. Observers note that surrounded positions fall quickly once a front encirclement forms and that large prisoner and material hauls result from this tactic. The village of Laffaux near a ravine masthead illustrates the technique.
Supreme court opinions released do not disturb the Bryson verdicts from Jackson. The husband and his daughter, both charged with the same offense, are each ordered to serve twenty years. The woman pleaded guilty while the father was convicted of second degree murder and given the same penalty. State vs Mooney from Rowan is also noted with an appellate action.
Illinois faces a deadly tornado sweeping Mattoon Modesto Palmyria and surrounding counties. Reports place dead and injured from 100 to 300 with towns devastated, wires down, trains derailed, and relief slow as rescuers reach the stricken district.
The phrase suggests Mack believes his current squad has more talent depth or stronger players than the lineup he managed the previous season, implying improved performance potential and overall strength. It reflects optimism about roster upgrades or development under his helm.
Rome reports Italian mountain troops within 14 miles of Trieste with heavy fighting along the coast and inland. Prisoners total 22,419 since May 14 as Cas tangavizza to Panzano dominate the ridge front. Riots in Trieste flare over Austrian brutality. civilians killed and city deserted amid advancing Italian and allied bombardment.
The Stockholm meeting drew the first allied Socialist arrivals led by a Russian faction. They faced a barred American entry and a German propaganda push amid neutrals and Russians. Domestic disputes among delegates weakened the international aim of the conference.
Petrograd Socialists say German delegates in Stockholm will state Germany seeks peace only on the basis of the current European map and to end the war as a victor. The report cites an authoritative source and describes the implied terms as a victory condition.
Greensboro North Carolina May 26 Hon A L Brooks a leading attorney and state bar head says he will not seek Congress in the Fifth district to succeed Mayor Charles M Stedman who will not run for re election. Rumors mention A M Scales of Greensboro and Victor S Bryant of Durham as possible candidates.
A frequent hotel guest urges a health law to protect guests from flies vermin notched glassware and improperly cooked food including underdone bread. He notes North Carolina already requires hotel restaurant inspections and calls for broader safeguards in table service and food preparation.
Memorial Day 1917 will be marked across the United States with patriotism and reflection on fallen soldiers. The article notes international significance as American graves abroad and allied remembrance in London and across Europe, honoring veterans of Civil and Spanish American wars and those who will serve abroad.
Police seized four barrels containing about eigh teen dozen bottles of beer from the home of Lucile Garrison at 1316 North Seventh street in a 9 30 p m raid. Two men from Watha complained they did not receive change for a five dollar bill. Officers Grimsley Long Hansley and Gray led the raid and Garrison faces trial Monday.
Guy Garrell a Western Union messenger was thrown from his bicycle when an unknown automobile struck him at Front and Walnut streets yesterday afternoon. The car passed over his right arm, he was taken to James Walker Memorial Hospital with a painful sprain but no other injuries.
New York lawyers for heirs of early bond buyers urge a public discussion to resolve the dispute over North Carolina bonds. They claim many bonds were traded openly from 1868 to 1870 and assert the state should share responsibility for railroad construction costs while arranging with the federal government for remaining payments.
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