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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Oct 27, 1917
Page
3
Market review notes southern selling and opening declines in cotton prices as traders expect a weekend drop. Prices show a from 27.60 to 26.05 range with December around 26.59 and January near 26.62. York spot cotton quoted at 28.60 amid weak call and unsettled trading.
The market report mixes wholesale price lists with Wilmington naval stores quotes and New York stock commentary. Prices for eggs butter and produce appear alongside spirits rosin tar and crude oil readings, followed by a long stock table with many named firms and bond values.
In New Orleans on October 27 the cotton market opened weak as traders and buyers showed low spirits in the first half hour. Prices eased with quotes around 23 to 25 cents on a weather influenced belt, while nearby and later months drifted lower with declines noted in several futures contracts.
New Orleans spot cotton prices hold steady after mixed sales of 1,200 bales to arrive. Prices quoted include middling at 27.75 and good middling around 28.25 with lows near 26.75 as market receipts and demand influence close.
York cotton market closes steady with spot October 1990 asks. December January rates quoted at 18.04. March and May futures seen, total sales 4,400 units.
Crawford and Dr. J. W. Bradley spoke on China missions at a gathering. The group elected Dr. Crawford and Mr. Bradley to highlight work abroad. Mrs. A O Trust was named secretary of Christian Education and Ministerial Relief. A scholarship at James Sprunt Institute was approved.
The week’s clearing house banks report a total reserve of 55 553 670 across all local requirements, down from 20 946 300 last period. This AP summary notes changes in reserve levels and associated banking conditions.
Atlantic City, Oct 27. The Board of Bishops of the Methodist Episcopal Church approved U S entry into the war and urged support for President Wilson and the government. The message justified taxes and urged vigorous war prosecution as conference assignments were announced for Blue Ridge Atlantic Kings Mountain N C November 21 and other dates in North and South Carolina.
In New York on October 27 a rain or shine parade of 20 000 women will march along Fifth Avenue to support a state constitution suffrage amendment on November 6. Signatures of 1 006 503 women who want to vote will be carried in the procession. Banners denouncing anti suffrage picketing of President Wilson were prepared after the White House reception.
Brunswick, Sampson and Columbus hold fairs next week at Bolton, Molivia and Clinton to stimulate agriculture and livestock. A Wilmington delegation will attend Clinton fair next Wednesday though speaker C S Acker cannot attend. Livestock industry growth draws interest from Boston and Bolivia. Bolton fair opens Wednesday and Bolivia fair opens November 2 with expected large Wilmington delegations.
Ex Governor Kitchin files petition for rehearing of the Clark road act case. Supreme Court split three to two on the 1917 measure and debate centers on potential shift in an associate justice’s view. Proponents say the decision stalled $32 million in road projects and demand a clearer ruling.
An advertisement touts Hall's Catarrh Medicine as a cure for catarrhal deafness and related mucous membrane inflammation. It promises a one hundred dollar reward if a cure is not effected and mentions J J Chenne of Toledo Ohio as the seller.
The old Wilmington to Atlanta sleeping car line will run via Augusta with Georgia Railroad connections. Depart Wilmington 3 45 P M Florence 7 55 P M Sumter 2 39 30 P M Orangeburg 10 53 P M Augusta East time 1 35 night Atlanta Central 6 10 A M Return from Atlanta 3 35 P M Wilmington 12 50 noon Passengers may stay in the Union Depot car in Atlanta until 7 00 A M for onward dining and sleeping car connections to Chicago Cincinnati St Louis and more. T C White General Passenger Wilmington NC phone 165.
In Warsaw on a hilltop at E. J. Hill farm the Liberty loan bonfire drew crowds with M. K. Moore Tobacco Company fuel and Boy Scouts led by Charles Creel. Mrs. H. F. Peirce organized, Warsaw school children joined, speeches by Prof. Creel and Henry Newbury followed, Bank of Warsaw cashier H. F. Peirce explained bonds, and patriotic songs closed the event.
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