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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Aug 01, 1917
Page
3
Spot cotton in New York was quiet at middling 25.66 as traders awaited government figures. Prices eased early with a decline of 14 to 3 points, then steadied around mid afternoon. October and January prices moved on the report, with October near 24.68 and January around 24.38, finishing steady.
New Orleans cotton futures slipped 13 to 16 points in early trading amid liquidation ahead of the bureau report. The tone stayed steady on Texas support with little new demand. Closing prices showed mixed changes with modest advances in the ranges and end of day levels around 23.7 to 23.8 for key contracts.
New Orleans reports spot cotton steady with 25 point uptick. On spot sales total 1045 bales to arrive 138. price levels shown for grades from good ordinary 23.25 to strict good middling 25.55. Receipts: none. Stock: 160,811.
Rains in Kansas reduce drought drag on corn forecasts, sparking a sharp break in prices. Some experts project U S corn yield as high as 8 175 000 000 bushels to 3 200 000 000 bushels, while opening declines and further drops follow. Wheat steadiness amid offset spring droughts, oats down with corn, and provisions weaken on corn's slide.
Rosin prices listed as 4.60 and 4.30 per barrel. Tar quoted at 13.50 and 0.16. Crude rates shown as 4.60 4.50 and 3.60.
Savannah market note lists turpentine firm with sales 37 14 shipments 758 stock 28718 and rosin firm with receipts 1729 shipments 1237 stock 8600. Price ranges for B to M grades shown from 5.05 to 6.80 per unit, WG 6.60 to 6.75, WW 6.70 to 6.90.
Wall Street reports show Mid States Steel advancing about a point at the opening with gains across several industrials. Rails and Coppera remained unchanged while Central Leather and minor railways showed activity. Prices hovered around 99.40 to 99.43 amid a generally mixed day with some sectors advancing and others slipping.
Liverpool reports spot cotton prices with American middling at 19.7 and good middling 19.35 while sales reach 3,000 bales, 2,800 American, receipts 1,400 all American. Futures listed with August through May-June at varied fixed levels.
New York sugar futures opened steady and largely unchanged from the previous close. By noon the market showed little net change and sold 6,850 tons with futures for September at 5.87, December 6.50, January 5.12, and March 4.87.
New York on Aug 1 reports coffee futures steady with Rio beans at 7s 3 8. The September contract trades at 7.75 and the December at 7.84, reflecting a stable near term curve.
Spot bids show 14.20 with August at 14.20 to 14.30 and later months ranging from 14.19 to 14.44. Total sales reach 37 500 barrels as contracts for January to December vary.
Stage of water at Fayetteville river mouth recorded at 9.4 feet at 8 a m with tides concerns.
The document outlines proposed terms for a ferry and bridge project involving New Hanover and Brunswick counties. It describes condemnation actions if a price is not agreed, cost sharing at two thirds by New Hanover and one third by Brunswick, and operation from Wilmington to the west bank of the Brunswick river. It requires delivery of the resolution to Brunswick officials and binding acceptance by both counties.
Motte Commercial School yesterday relocated to the third floor of the Home Savings Bank Building, leaving the Shrier Building at Front and Princess streets. The newly organized Motte Business College plans to begin its operations in its new quarters, seen by many as the start of an auspicious era.
Editorial notes Seaboard Air Line advances between Hamlet and Wilmington with better roadbed and equipment, urges through trains via Monroe, and envisions a Raleigh to Wilmington corridor. Praises Wrightsville Beach transformation and Camp London naval reserves. Calls Wilmington naval base bid and port improvements a promising opportunity pending official appraisal.
Washington August 1 Associated Press reports a conferees deadlock on the Administration Feed Control bill was broken when Senate conferees yielded and consented to strike out the amendment proposing a congressional committee to supervise war expenditures. President Wilson had opposed the plan.
A brief call to join fellow soldiers at Lumine tonight for a turnout event hosted by Adyt, inviting community members to attend and show support.
Dr M H P Clark aged dentist improved after injuries from a car collision at the Third and Chestnut streets intersection Monday night. He was treated at James Walker Memorial Hospital and discharged after recovery. Driver was John Markiton.
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