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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Apr 25, 1918
Page
7
Early today the cotton market showed weakness with May futures off and July and old crop positions dropping. Liverpool opened as a strong seller while Wall Street short covering supported declines. spot cotton in New York stood at 27.55 middling.
The New Orleans cotton market fell sharply as May notices caused heavy selling, with declines of 35 to 59 points in the first half hour and a barely steady close down 120 to 154 points. Prices listed for May, July, October, December and January futures show broad declines amid tender activity.
New Orleans spot cotton quiet 150 points off. Sales on spot eight to arrive 2,090. Prices: low middling 28.55, middling 30.50, good middling 31.75. Receipts 1,887, stock 452,504.
Liverpool April 25 reports spot cotton prices easing to good middling 2.69 and middling 2.17 with lower values for other grades. Sales reach 4,000 bales, 3,300 American, no receipts. Futures close barely steady with new contracts for April 21.21, May 21.69, June 21.36, July 20.96, August 20.52. Old contracts show firer prices at 20.62 for April and declines into May and June contracts.
Chicago prices show a light trading day with corn falling from opening quotes and a brief rally later. Oats follow corn lower while pork and lard move within narrow ranges as nearby cash values for corn and fats are listed along with grain commodities and by products.
Irregular early session sees advances of 1 to 2 1 2 points offset by a 2 4 point drop in Royal Dutch oil and a pullback in United States Steel and related sectors. Light dealings reflect cautious mood amid absence of war news as bonds ease and several major stocks show bid and ask variations.
Spirits 38 1 2 Rosin 4.80 and 4.50 Tar 3 and 13 1 2 Crude 4, 4, and 3
Stockholm April 25. Telegraphic link restored between Helsingfors and Stockholm after two weeks. American Consul Haynes says the past was terrible, the present bearable, and the future uncertain. Finnish minister in Berlin reports progress on exchanging American and British prisoners on the Aland Islands. Prof Henry Crosby Emery, involved, has been released from Dantzig and will soon be allowed to depart Germany.
Christine Frederick renowned home economics author and Applecroft expert speaks on efficiency in the home at the Redpath Chautauqua. Her lecture covers practical kitchen efficiency, household purchasing, civic impact, and wartime cost reductions.
Forecast calls for occasional rain tonight and Friday with continued cool temperatures. Northeast winds remain light. Cape Fear river stage at Fayetteville was 4.07 feet at 8 am yesterday and is falling. run rises are expected Friday.
Stated meeting this Thursday at 8 o'clock sharp to consider all business to be presented. All Master Masons invited. By order of the Master. A S Holden, Secretary.
Market update from New York dated April 25 notes cotton seed oil trading on May 19 with 25 sales totaling 300 units.
Ad promotes Qban Hair Color Restorer a non dye preparation for gray hair claiming it restores natural color without staining scalp or washing off. It asserts safety, ease of use on combings, dandruff removal, and a money back guarantee with a 75 cent price sold by druggists nationwide.
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