Cotton Markets Closed All Day For Holiday
The cotton exchanges are completely closed today due to a holiday. Traders will resume activity tomorrow.
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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Apr 07, 1917
Page
3
The cotton exchanges are completely closed today due to a holiday. Traders will resume activity tomorrow.
Market notes show new seed stock firming with strong demand. Prices listed include Prime summer yellow at 17.25 and futures for April to October ranging from 15.05 to 15.915. Total sales reported 27,600 units.
The New York market rose as commission houses covered positions on reports of German raiders in Southern waters and import uncertainty. Closing prices gained 3 to 1 points net. Trade ran 10 to 70 tons with raw and refined sugar in holiday trade.
Chicago wheat futures leapt after a government crop report showed winter crops in poorer condition than forecast. May wheat hit 2.12 from 2.04 7/8 as traders ignored German sea raider worries. Corn followed the rally and oats rose modestly. lard led gains in provisions.
New York reports Rio No 7 958 coffee futures firm with May at 8.21 and July at 8.29 as of April 7.
New York stock trading resumed after the Good Friday holiday with uneven early prices and notable declines in Bethlehem Steel Marine and several industrials. The list shows widespread losses across rails oils and major manufacturers, with U S Steel and related steel issues dropping amid market reversals and reports of a German raider sighting off New England.
Savannah reports April figures for turpentine and rosin with firm sales receipts shipments and stock levels. Turpentine totals show receipts 126 shipments 341 and stocks 10701 while Rosin shows receipts 338 shipments 3001 and stocks 101162. Prices quoted span B D E 5.55 through WW 6.00 with several grades listed.
Chicago April 7 butter unchanged eggs receipts 17 671 cases firsts 29 1 4 30 1 4 ordinary firsts 28 1 2 29 1 2 at mark cases included 28 30 potatoes higher receipts 30 cars Idaho Colorado Oregon Washington 2 75 2 90 Wisconsin 2 60 2 75 Poultry alive unchanged
Patrick Casey a structural iron worker calmly sits at a height of 225 feet above a New York sidewalk. He could descend but remains seated, treating the dizzy perch as a simple seat in a restaurant rather than a risky stunt.
Delegates at the Socialist Party convention in St Louis report strong rank and file resistance to an outright anti war stance. The five year dormant national gathering resumes amid talk of cross party talks with Progressives and Prohibitionists in the same city for possible merger talks.
Washington reports a potential 50 million bushel drop in the 1917 wheat harvest from last year. The Department of Agriculture places winter wheat at about 430 million bushels on one of the largest planted acreages, but adverse winter conditions reduced overall yield. State by state readings show varied conditions with Ohio 80 and Nebraska 35 percent of normal on April 1.
Stage of the Cape Fear River at Fayetteville North Carolina reported yesterday at 22.7 feet at 9 AM and still rising indicating higher water levels for the day.
Beginning today the San Francisco office of the Forest Service will issue weekly reports on the condition of principal automobile roads in California National Forests. Data will come from forest rangers and be shared with newspapers press associations automobile clubs hotels and other readers to assist motorists. California has 19.5 million acres of national forest with about 8600 miles of road and 9500 miles of trails linking remote mountain regions popular in summer.
The weekly statement on banks and trust companies in New York reports a reserve exceeding legal requirements of 163,578,960 dollars, up 49,771,810 dollars from the prior week.
New York reports the bead craze swells this season with beaded belts girdles and neck chains dominating fashion. Indian rope girdles metal links and tassels pair with chemise gowns while beaded headgear and ornaments echo global influences from China India and Turkey amid wartime supply stories.
An attempted wreck on a Norfolk Southern passenger train en route from Norfolk to New Bern damaged track on the New Bern side of the Neuse river bridge. The act, likely by a German sympathizer, was discovered before any train passed. The New Bern division of the North Carolina naval militia is mobilizing and will depart tomorrow night to Norfolk.
Special to The Dispatch Southport April 7 Mrs Eunic Fountain Fulwood wife of William Fulwood died last night at 8 o clock She will be buried this afternoon at 3 30 in the local cemetery She was only 20 and had been married about two years She was the daughter of Mr and Mrs J B Fountain of this place Survived by two brothers Richard and Courtland Fountain and by her husband The family and friends extend deepest sympathy
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