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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Apr 22, 1917
Page
8
The cotton market opened with a steadier tone as favorable weather and improving crop reports limited buying, with some selling noted. July reached 19.21 and October 18.11 in early trading as covering dominates while rumors of transferring tonnage from coastwise to trans Atlantic routes circulate. Local markets show varied prices in grain and other commodities, reflecting cautious activity.
In New York on April 21 spot cotton prices held steady with middling grade pegged at 20.15 cents per pound. Market notes indicate stable demand and little price movement across grades.
Weather-driven selling earlier in Texas pressured the market, but support at the start of trading and a late rebound lifted May to July futures. By mid-session cotton closed steady with gains of 21 to 28 points, active months posting higher quotes than yesterday.
New Orleans spot cotton market quiet with quotes showing prices for grades from good ordinary to strict good middling. Spot sales total 400 bales, with 500 arriving for delivery as of April 21.
The cotton seed oil market closed firm with spot and futures showing gains. Prices ranged for April through November with notable increases in May and September contracts. total sales reached 16,300 barrels.
New York April 21 Butter unsettled receipts 6154. Creamery prices high Ers extras 45 to 45 1 2. Eggs unsettled receipts 31773 fresh gathered extras 36 1 2 to 36. Cheese firm receipts 5370 state fresh specials 25 3 4 to 26. Live poultry firm fowls 25 turkeys 20. Dressed quiet chickens 23 0 31 fowls 21 1 2 to 27 1 2 turkeys 18 to 34. Chicago April 21 Butter lower. Eggs receipts 35557 cases unchanged. Potatoes receipts 25 cars un quality alive lower fowls 21 1 2.
Sugar futures opened quiet in New York with a firm undertone as scattered covering lifted prices. May, July, September and December contracts posted modest gains while raw sugar and molasses showed steady to firm prices for May shipment and refining values.
Spirits-46. Rosin-Nothing Doing. Tar-2.90 with 13 cents. Crude-3.60, 8.60 and 2.60. Cotton-32. Tar-83. Receipts.
Savannah April 21 Turpentine firm 46 sales receipts 95 shipments 27 stocks 8948 Rosin firm sales receipts 434 shipments 112 stocks 94827 Quote B 6.60 D 5.65 BE 5.75 F 5.80 G 821 2 H 5.85 I 5.87 1 2 K and M 5.90 N 6.00 W G 6.05 WW 610
Chicago news reports sharp wheat losses after rumors of revolutionary outbreaks in Hungary and unrest in Bulgaria. Trade was light with May at 2.32 to 2.33 and July at 1.98 to 2.01, then rallies and a drop to 1.72 1/2 in September. Corn and oats mirrored narrow fluctuations. lard remained in demand amid weak grain provisions.
Mercantile paper quoted at 414 to 41 2, sterling sixty day bills at 4.72, commercial bills at 4.71 3-4. Demand 4.7565, cables 4.76 7-16. Francs demand 5.71 1-4, cables 5.70 1-2. Guilders demand 40 3-4, cables 40 7-8. Lives demand 6.94, cables 6.93. Rubles demand 28.58, cables 28.65. Bar silver 74 3-4, Mexican dollars 57 3-4. Government bonds steady, railroad bonds irregular.
Wall Street opened with heavy selling in war stocks like Bethlehem Steel and Industrial Alcohol, while United States Steel and Ohio Gas rose or fell modestly. Declines faded in late trading as a broad rally helped the market close steady. total volume around 225000 shares.
The Adjutant-General in Raleigh urges local authorities and groups to aid the North Carolina National Guard in recruiting to maximum peace strength. Captains Gause and Lynch seek additional volunteers as their units approach war strength, with uniforms and horses anticipated.
Lieutenant George Pittman, formerly battalion adjutant of the Second Infantry, died last night at 11 o clock in a Goldsboro hospital after a serious operation. He fell ill while on border duty, resigned his commission, and returned home. Widely known across the state.
A brief advertisement notes good beach weather and asks if you are going down today with cars running every half hour this afternoon.
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