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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Oct 09, 1916
Page
3
The notice outlines fluctuating market terms with Open and Close rates for Oct to Nov and March to April. It notes salary-related questions tied to a federal league, with volatility in quotes and a mid trading level around 10.06. Sales volume is listed as 12,000 and receipts at 22,000.
New York reports a sensational drop at opening as fears of submarine developments trigger liquidation in American cotton. Early prices fell 29 to 49 points before trading firmed and rallied within the first hour. Prices in Wilmington Charleston and Savannah show varied declines and recoveries as traders react to export concerns.
Weather note shows Cape Fear river stage at Fayetteville North Carolina at 8 a.m. yesterday measured 2.5 feet. The text mentions sunrise and sunset times for Tuesday and references a stage reading but lacks full details.
An outward bound street car in Atlanta Georgia was rocked by dynamite just after midnight as it turned from Edgewood Avenue into Ivy street. A young clerk named Elmer Ellis sustained minor injuries while several passengers endured a fright. the car sustained only light damage.
North Carolina National Guard engineering corps at Camp Glenn near New Bern may depart for the border by Wednesday. A special train to Texas is planned, with cars secured to carry soldiers via the Atlantic Coast Line through Wilmington. Local railmen expect handling arrangements to be set soon. Monte Rolfe to perform at the Eastern Carolina Fair November 7–16, drawing large crowds. Senator F M Simmons to speak in Winston Salem October 16 and Rockingham October 21 with further Western trips likely.
Oct 9 report from New York notes the market in turmoil as German submarine activity sparked a broad decline in war shares by 5 to 20 points. Marine preferred fell 13, Republic Steel, United States Steel, and Crucible Steel dropped 5 to 18 points with other munition makers hit. A late rally of 3 to 6 points followed as investors covered and high grade issues absorbed losses.
Fire Prevention Day was observed in the city with remarks by Col. James Young State Insurance Commissioner and Raymond Hunt of Tidewater Power Company. Exercises began at the high school at 9 am and ended at Hemenway School at 12 45 pm.
The cotton market rallied in the final hour on Saturday due to local short covering, but analysts deem the move unjustified by ultimate supply needs. They advise clients not to buy unless for hedging and note forthcoming statistical information. Liverpool futures for January are set to open fourteen points higher. There are 2,800 women employed as guards on German railways.
A fragment notes that many participants joined a college event with prizes. Mr John Bonitz is mentioned as a participant or family relation in the small readable portion. The text is incomplete and lacks clear specifics on date location or organizations involved.
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