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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Apr 23, 1918
Page
7
Improved southern crop prospects and Texas advice boosted early trading while Liverpool sellers and liquidation in May weighed on prices. July at 28.42 and October 27.35 led declines, with the market closing firmer after a session of 16 to 20 point off moves and several near month contracts showing volatility.
New York spot cotton eased to middling 30.40 cents per pound on April 28, with prices quoted for immediate delivery and traders watching market cues from futures and global demand.
New Orleans reports cotton rose during early trading on April 23 before selling pressure pulled it below prior close. Market notes weather driven demand and disquiet in later sessions. stock market opened irregularly with rail benefited by strength, widespread gains or losses across sectors, and notable quotes for major equities and bonds.
In this market page scarce wholesale items shown include spring chickens at high price, potatoes, onions, tallow, and various nuts. Prices vary by region with values such as peanuts and oranges noted as dull or high, indicating limited supply and fluctuating demand.
New Orleans spot cotton unchanged as of April 23. Sales on the spot numbered 753 with none to arrive. Quotations ranged from low middling 31.00 to good middling 34.23, receipts 2,904 and stock 433,464.
Liverpool notes spot cotton unchanged with good mids at 23.53 and middling 23.01 as 3,000 bales sell and 1,000 receipts include 600 American. Futures steady with new contracts April 23.46 May 22.91 June 22.49 July 22.06 August 21.61 and old contracts from 21.86 to 21.62.
In Chicago on April 23 favorable weather tempered the corn market with open prices near unchanged and gains in May and July contracts. Oats fell after reports exports cut bids while cash prices showed No. 2 yellow corn at 1.75 to 1.60 and oats at 88 to 91 per bushel. Pork and lard quotes hovered around 25. and 25.47 with ribs near 23.77, as buyers weighed tomorrow's demand and storage considerations.
Cotton seed oil held steady in New York trading on April 23 with May 1970 inquiries noted and sales totaling 10 barrels.
Hogs receipts 18 000 with prices ranging from 17.05 to 17.75 for various weights. Cattle receipts 13 000 with natives at 10.15 to 17.50 and feeders 8.30 to 12.60. cows and heifers 7.40 to 13.90. calves 4.00 to 14.50. Sheep receipts 12 000, weak demand. sheep 13.00 to 17.80 and lambs 16.56 to 22.00.
Funeral services for Mrs Cornelia Hawkins widow of J W Hawkins were held from her residence at 616 South Second Street this afternoon at 3 oclock. Rev J A Sullivan of Calvary Baptist church led the service assisted by Rev Dr A D McClure. Interment followed at Bellevue cemetery. The occasion drew many sorrowing friends and a profusion of floral tributes.
Spirite 40 price listed. Tar at 3.00 dollars and 18 1/2 cents. Rosin unchanged. Crude at 13 1/2 cents.
Miss Jacobi Weyers, arrested on vagrancy charges during a city cleanup, had nol pros with leave of court granted by the County Court upon the solicitor E T Burton’s request. The action does not clear her but allows refiled action any time. Weyers remains detained awaiting bond arrangements.
Washington reports new Liberty Loan subscriptions bring total pledged to 1.6967 billion dollars. Richmond district offices announce 52 million, with Virginia 13.7 million, North Carolina 9.6 million, and South Carolina 6.3 million. Durham and Raleigh, North Carolina, have reached their quotas.
Guatemala City reports that the National Assembly declared Guatemala occupies the same position as the United States toward the belligerents in the war. The declaration was issued at an April session in the capital.
The gathering named C. C. Chadbourn as chairman and praised his role in securing shipyard projects for Wilmington. Speakers urged Liberty Bonds, housing for workers, and rapid mobilization to aid war production, with Dyer outlining housing and profiteering controls and Gov. connections thanked.
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