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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Nov 28, 1916
Page
3
Market review notes a cautious opening with the leading industrials and metals indices subdued. Union Pacific and related transports showed limited activity, with slight declines and small reversals by the close as traders weighed early warnings.
The New York cotton market opened steady with a modest net rise of 4 to 7 points on active buying and outside demand. January contracts moved to about 20.75 while May touched around 21.10 amid light trading and scattered demonstrations, signaling a cautious but firmer start.
Very strong Liverpool cables failed to stop local restizing as markets opened and fluctuated. The outlook remains firm with spots profitable for active mills. price trend expected to rise during the week. Wilmington New Orleans Savannah and Chicago market figures and spot prices are listed with futures and vessel receipts.
New Bern North Carolina on November 28 announces the Lodge of Sorrow for December 3 with a program in preparation. Three members Ralph Davenport 0. Q. Marks and John Hargett died during the year. The principal speaker will be announced later in the week.
Wilmington’s steamship The City of Wilmington was formally named in Wilmington on Monday. The oil burner with wireless equipment can carry 2,000 tons of cotton or other freight and is owned by the Cape Fear Shipping and Trading Company, backed by Wilmington capitalists. The christening marks an important moment for the port’s history and its capacity to attract vessels like this.
An advertisement touts Rheuma as a quick effective cure for rheumatism and sciatica. It claims relief within days from a half teaspoonful daily, available from R. R. Bellamy or any druggist for 50 cents with a money back guarantee if symptoms persist.
J Arthur Henderson of J Arthur Henderson & Bro says Charlotte faces a housing crunch with over 1 000 houses rented and fewer than 30 vacant. He notes rents from 4 to 150 plus and sees strong demand from hundreds of newcomers seeking rental housing as the city grows. Henderson cites ongoing construction but says rental stock lags personal home building. He also points to Charlotte leading smaller cities in home ownership and forecasts rising rents for well located bungalows and houses.
Stage of water at 8 a m yesterday on the Cape Fear river at Fayetteville North Carolina measured 1.9 feet.
Plainclothesman D W Coleman arrested Moses Sharpless a regarded thief after he attempted to sell two new automobile tires in Brooklyn. A merchant notified police and a third tire may have been sold. Authorities are preparing charges.
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