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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Oct 30, 1917
Page
3
Market review reports a sharp break earlier with a later V shaped rebound, trading unsettled as rains and frost prospects influence sentiment. Mentions Del Rio Abilene and Texas regions, December to January price shifts, and New York spot cotton at middling 23 55 with unsettled futures and cautious activity.
The page lists wholesale prices for meat poultry and produce, including Spring chickens at 25 to 40 cents each, grown chickens at 60 to 65 cents, puddle ducks, guineas, Irish potatoes and onions with crate and bag prices, cabbage, wool and hides, and bees wax. Wilmington Naval Stores features spirits rosin tar crude prices. Savannah Naval Stores shows exact Rosin, Spirits, and Tar quotes with receipts and stock figures. New York stocks slide at the open with later gains. rail and metal groups show mixed moves, led by shifts in Canadian Pacific and U S Steel.
A rise of 28 points pushed early cotton trading higher at Leans, with prices advancing into the day as demand remained firm in cold weather. Short interest waned but volume stayed light, as prices hovered near steady levels with modest gains by midday.
New Orleans market reports spot cotton unchanged with sales of 475 bales to arrive. Receipts at 1,221 and stock at 296,298 bales.
Liverpool on October 30 reports steady demand and firm prices for cotton. Prices reach mid and low middling ranges with 20.42 for middling and 18.97 for good ordinary. sales total 4,000 bales with 3,100 bales in bond. Receipts record 16,000 bales including 11,400 American. Futures unsettled with new contracts for January 20.53, March 20.15, May at 19.42. old contracts show varied figures for December through May.
The cotton seed oil market in New York closed steady on October 30 with the front-month contract near 18.59 and the February contract around 18.10. Lacking complete data, the report notes steady tone and prices for nearby months.
A house near Mint Hill burned Sunday while the mother and a friend were away. Seven children were at home. three perished in the flames and four escaped. The mother had left to cook potatoes, and the exact cause remains unknown. The victims are identified as residents of the Malives area, with local authorities investigating.
The one hundred and fourth annual session of the North Carolina Presbyterian Synod opened at First Presbyterian Church in Fayetteville on October 30 with about 400 ministers and officials present. Rev. Dr. Peter McIntyre delivered the opening sermon. adjournment planned at 12:50 with reconvening at 2:30 to elect a new moderator. Dr. A. D. McCurure and Dr. J. M. Wells of Wilmington attended.
The Montreal Stock Exchange failed to open this morning and announced a 11 o’clock reopening with minimum prices as brokers faced ruin from heavy holdings. The stoppage followed unsteady markets in recent days and echoed the 1915 wartime reopening.
Toronto traders halted at 10:50 a.m. for a half hour recess after news that the Montreal Stock Exchange had not opened at its usual hour. Members used the period to convene a meeting and discuss the situation.
Cold weather and softer Wall Street trimmed corn gains as December and May prices slipped from prior levels. Oats showed no independent move while hog prices firmed. Snow halted broad corn movement, prompting a fresh price uptick before close. Prices for corn oats pork lard and rib values listed. concluding note reports English crepe factory girls barred from house work after shifts to protect hand delicacy.
Paris reports that a German assault on the Aisne front near Cerny was repulsed last night by French forces according to the war office.
Frank A. Scott of Cleveland and chairman of the War Industries Board resigned citing ill health. The move impacts wartime munitions administration by bringing to a head the oversight and conduct of the war production program.
Providence reports the death of Dr Eli sha Benjamin Andrews, former Brown University president and later University of Nebraska chancellor, announced from Interlochen Florida.
The Federal Trade Commission issued regulations under the trading with the enemy act allowing American producers to manufacture articles patented in the United States by enemy aliens. Licenses will last for the patent life, not wartime only, and exclusive licenses will not be granted to individuals. About 20 000 patents are affected, including key industrial assets.
The Tide Watch Power Company announces adjusted schedules to conserve travel during peak hours starting Thursday November 1 1917. Red Cross Street and Belt Line routes adjust transfers and frequencies with through runs on Saturdays Sundays and after 8 30 pm. Sunset Park South Wilmington and Carolina Place routes see modified transfer points and 12 to 20 minute intervals. Extra cars to be deployed in bad weather or special events.
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