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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Apr 24, 1918
Page
7
An unreadable clipping shows scattered numeric codes and partial names, including references to cotton labels and city identifiers. The legible items include numbers like 821-2 and 321-2 with vague mentions of Charleston and Ames, but no clear event or outcome.
News from New York shows a partial response to lower Liverpool sales with prices steadying after weather bureau notes. Traders awaited further evidence of May shipments and potential raids on German bases influenced freight allocations. July futures rose from 28.60 to 28.82 while nearby slipped to 27.80. December around 26.40.
New York spot cotton closes April 24 with middling uplands at 29.40 cents per pound.
New Orleans on April 24 reports active cotton trading with prices slipping 9 1 2 points amid better belt weather and cables. Active months show a late rebound but closed weaker by 3 to 102 points. spot cotton is quiet and a cent lower with 4 471 bales on sale, receipts at 2 294.
Liverpool April 25 cotton market shows fair business or spot activity with prices for various grades. Sales reach 4 000 bales including 2 600 American. receipts total 8 000 American. Futures closed April 23.05 and 22.60 with July 22.26 and 21.89, August 21.41. Old contracts fixed at 21.46 to 21.22.
Chicago April 24 Strength in grains rose late as country arrivals fell and offers dried up. May corn opens at 1.271 4 and July at 1.493 8 with gains, while oats and pork products show mixed moves. Cash bids list No 2 yellow corn around 1.63 to 1.70, oats No 3 white 88 1-2, lard near 24.77 to 25.17, ribs about 22.80 to 23.35, and vegetables and timber prices noted in a broad market update.
Stocks rise at the opening led by Reading and Anaconda Copper and Inspiration Copper along with Sumatra tobacco and Loose-Wiles biscuit. Overall changes are fractional and the mood is dominated by war news while trading remains light and Liberty bonds creep up slightly.
Chicago dispatch shows April 24 hogs with 26 000 receipts largely slow trading. Bulk sold 16 85 to 17 40, light 16 90 to 17 50, mixed 16 60 to 17 43, heavy 15 85 to 17 10, rough 15 85 to 16 20, pigs 13 to 17 15. Cattle receipts 10 000 with native steers 10 40 to 15 40, stockers and feeders 8 30 to 12 40, cows and heifers 6 90 to 12 85, calves 8 50 to 13 75. Sheep receipts 10 000 with sheep 13 to 17 80 and lambs 16 50 to 22 10.
The cotton seed oil market presented no quotations as of April 24 in New York. Traders did not publish price levels or bids, leaving the session without reported activity.
Turpentine firm reports 38.5 sales, 57 shipments, 64 receipts, 23,133 stock. Rosin firm shows 68 sales, 257 receipts, 306 shipments, 97,193 stock. Quotas listed as B 5.39 DH FG 535 HI 5.40 5.60 M 5.75 N 6.30 W G 6.70 WW 7.00.
Cotton . ae . 836 NAVAL STORES. Nothing doing. Industrial yards show no movement as traders await orders.
Wholesale market listings show scarce eggs at 2s, butter around 6d to 8d, spring chickens 40 to 60 cents, grown chickens 76 to 90 cents, fatted ducks about 8d, guineas 40 cents, dressed meat 13 to 18 cents, Irish potatoes 5 dollars per bag, Maine grown potatoes and seed potatoes priced, North Carolina hams 32 to 34 cents, shoulders and ribs 30 to 32 cents, cabbage 4.60 per 100 pounds, wool and hides noted, corn 2 dollars per bushel, wax 30 to 22 cents, onions 4.25 per 2 bushels, peanuts priced dull, apples Winesap and oranges listed by box or barrel.
Eyewitnesses describe a bold assault on a German submarine base with heavy shelling estimated at three to four thousand rounds. The German destroyer was rammed amidships and torpedoed, while British sailors boarded and overwhelmed other ships in the harbor, catching defenders off guard and forcing surrender.
A violent break in the cotton market hit New York under heavy selling as Southern exporters, blocked by ocean freight space, sold off holdings. Prices fell over five dollars a bale from last night with July at 27.75 and October at 26.80.
Soprano Margery Maxwell of the Chicago Grand Opera Company headlines the Chautauqua program here on the third night. Her Chicago season featured Dinorah Manon and Lakme plus Manon and Francesca di Rimini. Critics praised her lyric voice and Galli Curci lauded her. She aims to sing for wounded soldiers in France.
The Croatian Orchestra features tamburicas in bright native costumes during the Redpath Seven-Day Chautauqua concert. Six players perform Balkan melodies operatic selections and American songs with a lively sweet tone and remarkable range. Manager Peter Savich discusses Croatian people and their instrument.
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