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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Aug 10, 1917
Page
3
Reports from private sources in New York and weather hints in the Southwest push cotton prices lower. Prices for October and January slide while midday rallies falter as talk of rain and improving crop prospects influence traders.
Spot cotton in New York on August 10 stood at middling grade 26.90 cents per pound with quiet trading conditions observed.
New Orleans cotton futures faced early selling as crop improvements in the Eastern belt encouraged activity. In the first half hour October through May contracts moved 25 to 29 points lower. overall day closed steady with declines of 1 to 28 points, with notable quotes for October 24.53 and December 24.53.
New Orleans on August 10 reports steady spot cotton with no new arrivals. Prices listed for various grades include good ordinary at 24.75 up to strict good middling at 27.05, receipts 935, stock 144,527.
Liverpool notes a moderate cotton demand with prices rising 20 points. American middling fair at 20.88 and good middling at 20.45 lead a sale of 2,000 bales, receipts of 24,000 bales, and futures up 20 points with August at 18.80 and subsequent forward rates through May-June 16.75.
Spot prices ranged from August at 15.15 to 65 and November at 14.95 to 15.00, with total sales 17,300. The report also notes diversity in U S snakes and an English invention for wool dyeing with dilute nitric acid.
Savannnah market report lists firm turpentine at 37 1 2 with 399 receipts and 221 shipments, stocks 31 548. Rosin firm prices shown with 1 203 receipts and stocks 90 47. Bids ranging from 5.10 to 15 for Quote B to E and 5.15 to 20 for G and H, with other notes on various grades and shipments.
Chicago reports a late-day rebound in corn prices after an early drop as the market retreats from selling pressure. Forecasts of cooler weather restrained bears while winter crop expectations supported a broad price uptick. December and May futures posted gains from initial declines. In New York, trading shows strength in war-related and industrial issues with mixed results across major stocks.
Butter market reports irregular receipts 12 954 with creamery and extras prices around 41 1 2 to 42 for higher grades. Eggs firm with 9 970 receipts and prices for extras 41 to 42 cents per dozen and firsts 36 to 38. Cheese firm with 2 324 receipts and state fresh specials at 23 1 4 cents per pound.
New York August 10 sugar market report shows raw sugar steady to firm early then weaker at noon with 3 to 7 point declines. Centrifugal 7.65 to 7.77 molasses 6.77 to 6.89 refined grades firm. Close down 8 to 20 points with 19,900 tons sold. prices listed for September 6.42 December 5.63 January 5.15 March 4.88.
Weekly cotton data show total forward to mills 62 000 bales with 53 000 American. Stock 270 000 with 176 000 American. Imports 94 000 including 85 000 American. Exports zero.
Stage of water in the Cape Fear river at Fayetteville North Carolina measured at 8 a m yesterday was 5.3 feet.
City engineers test police presence at night using searchlight beams mounted on nearby structures to direct traffic flow and deter violations. Authorities say the initiative aims to improve night safety and observe driver behavior during late hours.
The American mission to Russia mostly rejects deploying U S troops to aid the eastern front. Only Charles Edward Russell favors sending soldiers, while Elihu Root and others argue organization and supplies matter more than manpower. They say lending aid by equipment and transport is needed, as 10 million Russians fight and next winter will strain railways and logistics.
The War Industries Board reviewed the government war purchasing plan aiming to remove executive profits on war materials for U S and Allied governments and to curb extortionate charges. It considered forcing American producers to sell to Allies at the same price as to the U S, with possible legislation if needed. Reports alleged steel makers refused rails for France at low prices, prompting open opposition to the policy. War Department did not confirm or deny the rumors, noting a hitch in the process.
New York reports United States Steel Corporation unfilled orders reached 10,844,164 tons as of July 31, down from June figures. The monthly report notes a decrease of several thousand tons, reflecting slower demand and production adjustments.
Daily sunrise and sunset details show Saturday as sunrise at 5 39 and sunset at 5 39 with no additional context on location or date. The fragment provides only basic solar timing without including place name or year.
Canadian forces in France August 10 report a raid deep into German lines near Cite Pu-Motlin and St Laurent sectors. They penetrated about a thousand yards, took prisoners, and bombarded strongpoints before withdrawing. An exploiting party detonated mines but continued the advance, engaging a 13 man enemy patrol. only two surrendered as the dugout was destroyed. Fox Trot Contest at Lumina tonight.
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