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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Apr 20, 1918
Page
7
The cotton market firmed overnight with bullish weekend figures on the world’s visible supply and strong New Orleans activity. First prices rose 28 to 28 points, July near 29.00, and October at 27.88 as traders anticipate higher demand and cool weekend weather. prices closed steady across the board with key months advancing from Friday’s levels.
New York April 20 spot cotton steady with middling at 30.75 cents. Prices held firm amid quiet trading and light demand for the day.
Weekend short covering pushed New Orleans cotton prices higher in early trading on April 20. Cold belt weather fears and reports of larger export movement from the port boosted sentiment while buyers found little cotton for sale, leaving futures near steady at close.
New Orleans spot cotton figures show no change with sales totaling 103 bales to arrive 200. Prices quoted include low middling 31.00, middling 33.00, and good middling 34.25 per pound.
New York April 20 report shows cotton seed oil quotations with sales at 1/600. No price quotes or further details provided.
Local social notes list residents and visitors returning home or visiting friends and relatives. Names include Mr and Mrs W Fahey Bollocksville, Mr and Mrs M F Russell Hav erlock, D W Richardson Dover, Lida B Duffy, Arthur Brown Beaufort, Jennie Mallard Greenville, Arthur Walker Mississippi, L J Taylor Washington DC, Mrs George W Wallace Kigiston, G O Lee Wilmington, Mary B Schenk Elizabeth Hawkins Hazel Hawkins Moorehead City, T W Heath Kinston, Wallace Mace Baltimore.
Pools controlled today's market with gains in motors equipment sugars and tobacco while United States Steel rose 1 1 4 points and rails firmed. Trading volume reached about 275000 shares with Liberty bonds and numerous industrials quoted across a broad range.
Turpentine remains steady at 38 1 2 with no sales. Receipts 18 and shipments 423, stocks 8 948. Rosin grades firim and es at 48 with receipts 125 and shipments 823, stock 94 827. Prices quoted for various grades range from 5.15 to 7.00 per unit.
Wholesale market list shows prices for eggs butter spring and grown chickens beef Irish potatoes cabbage wool corn and various other goods. Prices are given per unit or per bushel with notes on scarcity for items like eggs and cabbage. Some entries include regional origins such as Maine grown Irish Cobbler seed potatoes and Virginia and North Carolina products.
Chicago reports corn prices rising early as cold weather and possible snow boost expectations. May futures open at 1.27 1 8 and July at 1.45 to 3 4, with later pullbacks in active July. Oats gain on unsettled weather while hogs push up provisions.
Miss Annis G. Williams hosted the Tuesday Bridge Club on Gillespie Street with eight members in attendance and an ice course served. Visitors include Mrs. y Williams and Eleanor of Burlington, Mrs. James Rolt and Margerat of Graham, staying with Mr. and Mrs. Banks M Williamson on Haymount. Helen Slocumb returned from New York and attends Miss Slocumb’s wedding to Mr. F. A. Perley. Mrs. Emerson and Lillian visit for the event. Haskell Bowen, recently released from Highsmiths hospital, returns home to his parents on Dick Street.
Unsettled tonight and Sunday with likely rain. Temperature around ten degrees change. Moderate east to southeast winds. Cape Fear river at Fayetteville yesterday 8.4 feet at 8 am. Sunday sunrise and sunset times listed. Weather Bureau reports.
A sequence of weather readings shows Asheville and Raleigh reporting rain while Charleston and Charlotte remain cloudy. Other cities like New Orleans and Wilmington show foggy or cloudy conditions with varied temperatures and small precipitation totals.
Mrs. John M Hodges Jr and her little daughter visit Linden to stay with Mrs Hodges who is the daughter in law of Mr and Mrs J M Hodges Sr the family’s Linden home hosts their stay.
Forecast calls for fair and cool conditions to start the week across the South Atlantic and East Gulf States with seasonable temperatures by Wednesday and gradually warmer weather thereafter as the period begins tomorrow.
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