New York Cotton Spot Price Steady at 27.80
New York on August 6 reports spot cotton steady at middling level 27.80 cents per pound. No further movement noted in this bulletin.
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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Aug 06, 1917
Page
3
New York on August 6 reports spot cotton steady at middling level 27.80 cents per pound. No further movement noted in this bulletin.
New Orleans August cotton futures rose as much as 87 points from the prior close after an opening drop. Traders cited heavy buying as rain in the Eastern belt spurred demand and Texas spot prices rose. Close figures show October near 24.93, December 24.90, January 25.00, March 24.42, and May 25.24.
Market notes show beneficial Kansas rains easing corn prices with December around 1.16 to 1.17 and May near 1.14 to 1.15. Wheat slipped as receipts rose, oats weakened on hedging, and provisions hit new high seasonal prices on demand from shorts, packers, hogs, and cottonseed oil. Butter, eyes, and cheese in New York posted steady to firm tones with varied receipts, while live poultry markets held firm yet unsettled on prices.
New Orleans reports spot prices up 63 points to 63.00 with 982 sales to arrive 821. Grade ranges from good ordinary 23.88 to strict good mid dling 26.18. Receipts 621 and stock 147 261.
Receipts list Spirits 37 1 4, Rosin 3.65 and 345, Tar 3.50 and 16 cents, Crude 3.50 3.50 2.50, Ashes noted.
New York August 6 traders report renewed firmness in the cotton market opening with steady gains as weather concerns and potential export boosts frame the session. Prices climb with October to 26.60 and December near 25.75, while trade notes indicate cautious buying and firmings on shorts covering.
In Savannah on August six the turpentine firm shows 381 4 stock with receipts 331 and no shipments. The rosin firm reports receipts 918 with no shipments and stock 87 728. The slate lists trading ranges for several grades from B D through W W with mixed 5.10 to 7.00 price movements.
New York trading resumed after the double holiday with several sizable advances led by United States Steel rising to 127 1-4 and American Sumatra up 3 1-2. Steel and allied issues showed gains while rails and metals were irregular and later sold off. Copper and utility shares remained strong as overall activity cooled.
Coffee prices in New York show futures steady with Rio grade at 9 1 8 cents. September futures near 7.98 and December at 8.08 as of August 6.
The cotton seed oil market in New York closed steady with spot at 15.00 and bids around 15.02 to 15.20 for August to September, and rallies into 15.29 to 15.38 for March. Total reported sales totaled 38,990 barrels.
Stage of water in Cape Fear river Fayetteville North Carolina at 8 a m yesterday 8.7 feet and falling.
Copenhagen reports that Count von Reventlow renews attacks on Richard von Kuhlman listed as successor to Dr. Alfred Zimmermann as head of the German foreign office. He labels von Kuhlman a pro-Balk and anti submarine warfare partisan of the former Chancellor Theobald von Bethmann-Hollweg.
Sugar markets in New York rose as prices for raw and refined grades climbed to new highs. Trading activity included 15,000 tons sold at noon and 25,250 tons by close with September December and January futures advancing.
Amsterdam reports Dr Richard von Kuehlmann newly named German Foreign Minister is a foe of ruthless submarine warfare and an anti annexationist who seeks to avoid alienating Britain. The Nieuwe Courant says he will push for postwar cooperation with Britain and an early understanding with England.
Weather brief notes sunrise and sunset times for Tuesday, with sparse data and placeholders indicating a regional almanac entry. No clear events or names beyond generic references.
Captain Garandeau with soldier Verdier crawled through No Man's Land under machinegun fire to recover the body of Lieut Seve, dragged to safety by tying it to his leg. Volunteers followed, returning with the second body, Serget Cretet and three troops. Croix de Guerre awarded to all.
The international Socialist conference date has been fixed for September to be held in Stockholm.
Paris reports three Lafayette escadrille members honored in an army order Adjutant Raoul L. Lufbery praised for multiple aerial victories and bold actions Sergeant Willis H. Haviland credited with a victory near the German front line Sergeant Charles Johnson cited for services at Verdun and a victory on April 26 Lufbery later credited with a tenth victory and engagement with a hostile aircraft on July 30
Geneva based report cites Secolo of Rome claiming Germany, Austria and Turkey plan a major push to recapture Baghdad in mid September. General von Falkenhayn has arrived in Constantinople to command the offensive coalescing Turkish divisions from Dabradja and Thrace with Austria supplying heavy artillery and Germany officers.
Rev. W. G. Hall, pastor of Southside Baptist Church, leaves this afternoon for Sneed's Ferry and will be away about ten days. He will assist in evangelistic services at Salem Church near Sneed's Ferry.
Buenos Aires reports breakdown of talks with Germany over the torpedoing of the Argentine steamer Toro. Argentina has sent a final note to Berlin demanding a clear reply within eight days to determine next steps in the diplomatic crisis.
New York reports a second British account gold shipment of 6.4 million dollars deposited at the Philadelphia mint, following a 6 million dollar shipment last week. Providence hosts the annual convention of the National Association of Chiropodists with many prominent practitioners in attendance and sessions through Friday.
About four hundred boiler makers and helpers returned to work at the Alabama Drydock and Shipbuilding Company in Mobile. Boilermakers will earn 4.50 a day instead of 4 and helpers 2.40 instead of 2. The union was not recognized. The men had been on strike last week.
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