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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Apr 08, 1917
Page
8
An incomplete record shows cotton exchanges quoting futures and spot prices with various figures such as July and October contracts. The text references New York oil exchanges and several price points including 15.29 00 for a contract and 15 pan 5.05 for another, but data is fragmented and hard to interpret.
New York April 7 futures market held firm on renewed covering after pauses by commissions. Reports of German raiders or submarines in Southern waters fueled uncertainty around closings. Prices rose about 1 point with limited sales across imports and raw and refined sugars affected by holiday pauses.
Wheat prices surged as the government crop report showed the winter crop in poorer condition than forecast. May wheat jumped to about 2.12 as trade reacted after earlier declines due to German sea raiders sighted off the Atlantic. Volume was immense with May, July and September options all advancing before a late pullback. Corn and oats rose with the surge in grains and provisions climbed, led by pork and lard gains.
Wall Street trading resumes after the Friday holiday with first prices unevenly lower. Declines include Bethlehem Steel and Marine preferred, with notable drops in United States Steel, Reading, Union Pacific, and other major issues amid fresh liquidation and reports of a German raider off the New England coast.
Turpentine firm sales 451 and receipts 126 shipments 341 stocks 16701 Rosin firm sales 338 receipts 338 shipments 3001 stocks 101162 Quote prices for B D and E F and G Hy I K M N WG WW.
In New York on April 7 coffee Rio No. 7 traded with futures firm sentiment. May contracts settled around 8.21 cents and July near 8.29 cents, reflecting steady demand.
Chicago April 7 butter unchanged eggs receipts 16761 cases firsts 2914 30 1 4 ordinary firsts 28 1 2 291 2 at mark cases included 28 30 potatoes higher receipts 80 cars Idaho Colorado Oregon Washington 2 75 2 90 Wisconsin 2 60 per hundredweight poultry alive unchanged
Herbert C. Hoover, chairman of the Belgian relief commission, was named chairman of a newly created Council of National Defense committee on food supply and prices. The panel will study European mobilization and distribution lessons, investigate speculative pricing, and aim to boost food production during the emergency.
French army horses on the western front now wear gas masks identical to soldiers. No horse rides toward the front without a mask attached to harness or saddle. New French masks resist German gas blends, leading to universal equine protection.
A 14 year old, James Rhatigan, was killed when a marine guarding the Telefunken wireless station at North Port Lang Island fired at a car carrying him and Thomas Hall after they failed to halt. The youths wore Boy Scout uniforms from prominent Long Island families. The guard had orders to clear the streets near the light plant. Lights in the city flickered before going out.
A concise quotation emphasizes that a nation grows through ardent patriotism. The author notes patriotism as irresistible, universal, and essential for prosperity.
Mrs. Jane Sholar reviews past events at Bald Head describing early colonial Cape Fear, where Indians allegedly decoyed ships ashore and committed barbarous murders after plundering sailors, contrasting the present lighthouse as a symbol of peace.
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