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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Nov 07, 1917
Page
3
Market review shows stocks opening weak with liquidation likely to extend, led by steel and Reading while coppers oils and war shares rally. New Orleans cotton market reports steady to higher prices with sales and receipts and cargoes noted. Boxing outlook mentions Charlie White’s recent performances indicating a rapid return to form.
The New York cotton market opens nervously with uneven sentiment as Wall Street and Italy news influence traders. Prices show small early gains then drift, with December at 27.40, January 26.68, March 26.46, and July 25.84 as the session progresses.
New York spot cotton closes with middling grade at 29.00 cents per pound and intraday activity noted across the market.
New Orleans market opened irregularly with months trading up and down before cotton eased about a small decline. In the first half hour activity showed months 3 to 10 points under yesterday's close, as selling followed bearish stock comments.
Spot cotton in fair demand with higher values. Good mid staple at 22.00 while middling 21.357, low mid 20.85, good ordinary 19.90, ordinary 19.40. Sales 5,000 bales, 3,900 American. receipts 21,600 bales, all American. Futures steady. new contracts January 21.24 March 21.04 May 20.82. Old contracts fixed prices February-March 19.11 April-May 18.94 June-July 18.78.
The cotton seed oil market closed steady in New York on November 7 with bids for November Isla December 48.51 and for January and March 88.0, May 19.00 asked. Total rates listed 6,800.
Bullish corn moves spread after hogs set a near minimum. Opening prices show gains across 3-8 to 1-8, December at 1.16 1-2 and May at 1.12 to 1-12 1-2, followed by a broad upturn. Oats rally with corn, while scarce hog arrivals lift provisions as first week winter slaughterings run under half of last year.
Savannah Market data shows turpentine steady at 47.5 cents with receipts 132 and shipments 395, stock 23,004. Rosin firm with sales 670 and receipts 774, shipments 2,975, stock 76,534. Prices range from 6.10 to 7.75 for various grades and brands.
Extra car service will be provided on city lines every afternoon and evening for the corn show. The schedule will remain in effect throughout the week to accommodate attendees.
William Pearson Hardee, a retired Savannah lawyer and prominent local figure, committed suicide at the Oglethorpe Club at noon today. He left two letters directing his burial. He is survived by his son Cosmo Hardee of Atlanta.
Returns from 17 precincts in Harrison county put prohibition forces ahead for the first time in hours with a 352 vote margin. Complete results from Allen county then increased the lead to 1,444 votes as the wet and dry election develops.
The day closed with no statements from railroad clerks or ship carpenters as the strike stalemate continued. A planned union meeting at 5 15 PM yielded no public action or disclosure, leaving the outcome and agenda under strong curiosity.
The Rotary Club plans to entertain boys and girls from Corn and Pig Clubs across 10 counties during the Corn Show this week. Members are invited to attend and report on activities. lunch is at the Elks Club 1 30 p m Friday November 9, with moving pictures rides and entertainment planned for a big youth turnout.
New York and statewide results show Hylan elected mayor of New York City by a large margin as 26 Republican mayors win in 42 upstate cities. Virginia elects Democrat Westmoreland Davis as governor amid Republican losses in the General Assembly. Indiana and Philadelphia yield mixed GOP wins. Boston sees McCall reelected as Governor with McCall leading Mansfield.
The French Foreign Legion, with many Americans including Captain Sartoris, is awarded the Legion of Honor by General Petain. The unit has long earned Croix de Guerre and fourragere honors, with six citations to the order of the day. Many Americans enlisted, some killed or wounded, others transferred to aviation or other branches. The group seeks incorporation into the American army while remaining loyal to France.
The Cape Fear river at Fayetteville North Carolina measured stage of water yesterday at 5.0 feet in the morning.
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