Cotton Quotations at Wilmington
Quotations on cotton trading were reported from Wilmington North Carolina this afternoon. Market activity appeared steady with modest price movements noted for nearby and distant months.
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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Apr 30, 1918
Page
7
Quotations on cotton trading were reported from Wilmington North Carolina this afternoon. Market activity appeared steady with modest price movements noted for nearby and distant months.
New York officials report a highly unsettled early session as futures climb with July at 25.70 and October at 25.00 on call, spurred by firm cables and war news but quickly liquidating as traders cover and spot offerings vary. Cotton closes mixed, May at 25.93, October 25.12, December 25.00.
New York on April 30 reports spot cotton calm with middling grade at 27.50 cents per pound. Trade activity subdued as merchants await fresh directions from demand signals and weather factors affecting crops.
New Orleans on April 30 reported quiet spot cotton with a cent decline and specific price bids for low middling to good middling grades. Receipts reached 9,670 with stock at 499,141 as cotton closed firm, while New York stocks opened strong on Western front news with notable gains in United States Steel and other industrials though rails moved little.
Liverpool on April 30 reports spot cotton in fair demand with prices easing for various grades. Good middling at 21.78, middling 21.25, low middling 20.75, good ordinary 19.73, ordinary 19.20. Sales 4,000 bales, 3,500 American. receipts 1,000 bales, 600 American. Futures steady. May 21.20, June 20.85, July 1.45, August 20.04. Official noon closes: April 21.88 value. old contracts placements show May 20.50, May-June 20.42, June-July 20.34. noon April closes 20.10 and 20.02 for April-May.
In Chicago on April 30 stronger weather outlook aided bears in the corn market with opening quotes near yesterday's close. May corn around 1 1/4 higher or lower, July near 1 1/2–3/4 higher, followed by a modest upturn then a softer finish. Pork weakness persisted due to liquidation. grain and provisions show varied moves with cash quotes for corn and oats and steady pork.
The United States Steel Corporation announced its regular quarterly dividend of 1 1/4 percent and an extra 3 percent on common stock, along with a standard 1 3/4 percent on preferred shares, in New York.
Spirits 39 cents, Rosin 4.80 and 4.50, Tar 3.00 and 1.31/2 cents, Crude 3.75, 3.75 and 2.75.
Savannah April 30 Turpentine prices steady at 381-2 with 64 sales, 59 receipts, 9 shipments and stock at 23 381. Rosin remains firm at 534 sales, 248 receipts, 927 shipments and stock 96 695. Quoted grades B D E F 5 40 G H 5 45 T 5 50 K 5 65 M 5 90 N 6 10 WG 6 70 WW 6 90.
Chicago receipts show hogs 22 000 with a firm market and prices from 13.25 to 17.60 for pigs to 17.35 for roughs. Cattle mustered 9 000 with strong tone and calves up to 13.75. Sheep receipts 14 000 with weakness and lambs ranging from 15.50 to 21.00.
In New York on April 30 the cottonseed market quoted May at 18.50 and July at 19.25 with no sales reported.
Wholesale prices listed for eggs butter spring and grown chickens puddled ducks and other staples. Items include Irish and Maine potatoes cobbler seed potatoes cabbage hides wool corn peas onions and assorted nuts with varied per unit or per bushel figures. Prices show scarcity in several lines and regional differences for North Carolina winesap apples and oranges prices.
Mrs Olia Farrow wife of Asa Farrow died at home last night after a long illness aged about thirty one She is survived by her husband three children four sisters Mesdames Hines Ferrell Sutton Juable and Lofton The Church of the Ascension held funeral services this afternoon at 5 o clock with Rev F D Dean officiating
Samuel White Williams, 60, died at his home 1520 Orange Street this afternoon following a stroke suffered last Wednesday. He is survived by a widow and three sons, one serving in France. Born in Jacksonville, he spent years in this city and worked with Standard Oil. Funeral from his home tomorrow at 3:30 pm with Rev. G. W. McClanahan and Rev. J. A. Sullivan officiating. interment in Bellevue Cemetery.
Quebec reports Cardinal Begin was resting quietly after a nasal hemorrhage, with doctors saying the condition is not alarming and the night was uneasy but the morning calm.
Wilmington area forecast calls for rain tonight followed by a fair cooler Wednesday with light west winds. The Cape Fear river level at Fayetteville was 16.1 feet at 9 am yesterday. The article also outlines a special tax election in New Hanover County on the May 1918 ballot to levy ten cents per $100 property value and thirty cents per poll to support the county school fund, with precise registration dates and polling places listed.
The Grace Methodist church social will feature a program arranged by the John Wesley and Hamilton memorial classes. Participants include the Acme Male Quartet, Alex Boon, Dorothy Boon, Elizabeth Duffy, Helen Wolf, Royal O Neal, and others with recitations and songs. Visitors are welcome.
A bar association gathering to arrange the spring term calendar for Federal court will meet tomorrow at 11 o'clock in the clerk’s office. The session precedes the May 7 convening date and aims to set schedules and docket priorities.
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