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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Sep 29, 1917
Page
3
New York cotton prices show nervous trading of the session as traders weigh storms and a looming government report. December contracts slipped after early gains, while nearby months pared losses amid liquidation expectations and weather concerns along the Gulf Coast.
New York on September 29 reports spot cotton steady at middling grade trading around 25.20 cents per pound. The market shows quiet activity with no major price shifts observed during the session.
Heavy rains in the eastern belt lifted opening prices here, with months trading 7 to 12 points above yesterday's close before liquidation and hedge offers produced a mixed session. The market closed steady with a net advance of 15 points to a net decline of 13 points across near months.
New Orleans spot cotton remained steady on Sept. 29 with 295 bales sold and 1,560 bales to arrive. Prices quoted were low middling 23.59, middling 24.13, and good middling 24.63, while receipts reached 7,882 and stock stood at 90,870.
Chicago corn futures firmed as investors favored corn over livestock values, aided by cooler weather and frost signals. December and May quotes rose, with oats buoyed by export demand while provisions weakened. The market saw buyers retreat briefly amid sharp upswings, as grain and provisions traded higher on opening then firmed.
Turpentine firm 45 sales 119 receipts 257 shipments 119 stock 82146. Rosin steady with no sales. receipts 647 shipments 716 stock 85848. Quotations listed by grades B through W W with values from 6.05 to 7.75.
New York Sept 29 actual condition shows clearing house banks and trust companies hold 77 012 120 reserve in excess of legal requirements a decrease of 5 742 400 from last week.
London reports British naval aircraft rain down seven tons of explosives in raids on Zeebrugge, St Denis Western airdrome, Gon trode airship shed, and Houtave air dromes on September 27 28. Bombs hit hangars huts at Zeebrugge and Houtave. all planes returned.
The stage of water in the Cape Fear river at Fayetteville North Carolina at 8 a m yesterday measured 3 0 feet.
Trading remained nominal with irregular price action across rails and leading steels. Delaware and Hudson and St Paul slipped while Liberty bonds rose to new highs as the market recovered from early losses. volume reached about 254,900 shares with notable activity in Copper issues and several major firms.
The House wrestled with a slush fund controversy as Chairman Pou presented a report from Secretary Lansing denying evidence connecting a Congress member to German embassy payments. Norton pressed for time to speak, risking a bill dispute while galleries filled with expectant lawmakers.
John McClain of Dayton Ohio becomes the first American to win the War Cross with Palm. During a German bombing near a French village on September 15 he ran into the road, picked up a dropped bomb with a pocket lamp, and tossed it into the river before it exploded. He notified his wife in Peekskill New York of the honor.
The Weather Bureau issues storm warnings from Fortress Monroe to Jacksonville as a tropical disturbance off the Florida coast moves northward. Strong northeast gales are forecast, with high seas and rough conditions likely along the coast tonight and into the early hours.
Mr Bowman supervisor of the First Presbyterian Sunday School has returned from the North and hopes a large attendance at Sunday School tomorrow. He says business conditions are excellent especially in Pittsburgh and Detroit where he spent several days.
New York mercantile rates list 60 day bills at 4.71 to 4.76 with cables at 4.76 7-16. Bank bills 4.71 7-8 and 4.70 7-8 for commercial and 4.76 4-4 for demand. Bar silver quoted at 96.6 per troy ounce.
Rev. Dr. J M Wells has returned from Washington D C and will fill his pulpit tomorrow morning and evening. All are invited to these services.
The text outlines rules for relief from military duty and potential re-opening of prior actions. It notes the army adjutant general may discharge service members by recommendation of local or district boards. It also states thousands of aliens who once claimed exemption may now be subject to the draft if they intend to become citizens.
War Department lists about 600 physicians from across the United States assigned to attend the wounded. North Carolina names include Captain John W. McConnell of Davidson and several other officers from Charlotte Raleigh Greensboro Wilmington and other towns. The piece notes the safety pin patent story as a separate aside.
The British report use of "tanks" carrying pigeons for messages and note a drop of seven hundred thousand in births in Germany last year compared with 1914. London street accidents since the war began exceed air casualties. The United States has shipped nearly 1,090,000 horses and about 333,000 mules to Europe.
Means held $60,000 of the King estate and parts of Mrs King's effects were released to Mazie Melgin sister of the deceased. Attorneys say the items were turned over in an answer filed by mail to contempt proceedings before Federal Judge James E Boyd. Means failed to appear due to detention on a slaying charge in Concord.
In Tulsa Oklahoma on September 29 twenty one bodies recovered from the wreck of two St Louis and San Francisco trains at Kellyville were in the Bristow morgue. Eight had been identified. The dead included Indian and negro victims. Six persons remained missing.
Grateful tribute from JEF of Vienna Virginia attests to Bimir Babek treating malaria chills fevers and ague. The testimonial claims cure after doctors deemed death and praises the tonic as effective for various ailments. Available from druggists for 50 cents with prepaid direct mail options.
An aged hotel advertisement lists rooms by day week or month at reasonable rates and offers meals with fresh oysters and fish dishes. It provides the address 208 North Front Street and the phone number 208-W.
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