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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Aug 03, 1917
Page
3
In New York trading on August 3 futures moved unevenly with early gains pared by moderate selling. Prices settled mixed. October rose about 24.74, December months up to 24.33, August up to 26.00, and later deliveries 28 to 31 points higher amid quiet trading and lack of new news.
New York reports spot cotton quiet with middling grade at 26.58 cents per pound. Trading remains subdued as market watchers assess supply and demand in the textile sector.
New Orleans cotton rose 12 to 15 points in early trading as dreary Texas conditions spurred buying covers by shorts. The market closed steady, up 24 to 34 points from the prior session.
Spot cotton in New Orleans on Aug 3 remained quiet and unchanged. Sales totaled 874 with 354 arriving. prices ranged from good ordinary at 23.25 to strict good middling at 25.56. Receipts were 469 and stock stood at 145,823.
Liverpool reports quiet cotton with prices steady. American middling fair 20.08, good middling 19.65, middling 19.55, low middling 18.90, good ordinary 17.95, ordinary 17. Sales total 3,000 bales, including 900 American. Receipts 57,000 bales, including 52,700 American. Futures unchanged with listed forward prices for August through May.
The New Orleans Cotton Exchange will close tomorrow in response to suspensions elsewhere and a member petition. The move honors James W. Reynolds, police superintendent, killed yesterday by suspended patrolman Terrence J. Mullen. funeral set for tomorrow.
London reports all exchanges in Liverpool will close tomorrow and Monday. Amsterdam reports Liege fined 500000 francs for defying a German order to demolish fire damage on Quai Des Pecheury.
Savannah reports turpentine sales 273, receipts 717, shipments 380, total stocks 29 561 while rosin sales reach 187, receipts 1 327, shipments 1 546 and stocks 86 374. Chicago grain markets show short covering in corn as rain relief looms, wheat slips, oats weaken, and New York sugar futures hit fresh highs with wide swings in industrials and metals.
Butter steady with receipts of 15 802. Creamery higher than extras 40 1 2 to 41, extras 92 score 40, firsts 39 to 80 3 4. Eggs irregular with receipts 9 634. Fresh gathered extras 39 to 40, extra firsts 37 to 38, firsts 34 to 36, seconds 29 to 33. Cheese firm with receipts 2 790. State fresh specials 22 to 22 1 2. Live poultry uncertain with no prices. dressed quiet with prices unchanged.
A water stage reading from the Cape Fear River at Fayetteville North Carolina was not received yesterday at 8 a m indicating possible during the night levels or measurement failure impacting the gauge data for the river monitoring system.
Liverpool August 3 Cotton statistics show totals for the week with etal forwardings to mills 38 000 American 36 000 stock 239 000 all American 145 000 imports 9 000 American 1 000 exports none.
In 1917 Wilmington hosts a fundraising drive by Misses Elise Hilton and Ruby Brockington aided by local women to support French war orphans. Volunteers sell buttons featuring the French tri color and Stars and Stripes at events around the parade, hotel venues, and The Oceanic and Seashore Hotels with proceeds directed to Dr F E May's Southern Society. The effort garners authorization from Mayor Moore and Wright and features music by Prof Kneisel and French songs, including Marseilleise.
Admiral Sir John Jellicoe told the Associated Press that the British fleet commands the world’s maritime communications at war’s end, stressing Beatty’s leadership and the submarine menace. He assessed German raids on the British coast as advantageous to Germany but limited by recent British countermeasures and improved coastal fortifications at Ostend and Zeebrugge.
Lumina features Saturday evening entertainments expected to draw a large crowd of liberal minded French sympathizers. A wrestling match at Lumina tonight is advertised along with the regular attractions.
An unsolicited advertisement from Interstate Prog Company promotes Ironized Paw-Paw as a health remedy, asserting relief from sleeplessness nervousness indigestion and stomach trouble. It touts quick improvements citing neighbors and a store in Kilvington's Drug for demonstrations and orders. A separate legal notice from New Hanover County announces Mamie E. Davis suing Robert H. Davis for absolute divorce citing abandonment and adultery, with a Sept 1917 court date in Wilmington North Carolina.
Bulletin lists reduced round trip fares from Wilmington North Carolina to cities including Philadelphia New York Asheville Waynesville Lake Toxaway Brevard Hendersonville Saluda Tryon Lake Junaluska and more with specific sale dates final limits and stopovers. Indicates tickets on sale until October 15 1917 with varying final limits up to September 25 and details on intermediate point pricing and reservations.
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