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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jul 05, 1917
Page
3
Prices for spirits Rosin Tar and Crude are listed with multiple bid figures. Spirits at 4.70 and 4.50 dollars. Tar at 3.50 dollars and 16 cents. Crude at 3.50 3.50 and 2.50. The fragment shows market quotes with small variations across commodities.
New York July 5 reports renewed liquidation at the cotton market opening with bearish sentiment from private rains in the West. Early prices ranged 48 to 98 cents per DWT declines, October at 16.0, January at 24.24 on the call, with rallies later but a nervous tone as trading sought clues on food legislation. Spot cotton quiet at middling 25.45.
The New Orleans cotton market opened with a broad liquidation and short selling driven by improved belt crop reports and a Texas drought relief claim. Prices fell sharply in the first half hour but closed with a modest decline and an overall steady tone.
New Orleans July 5 spot cotton steady seven points lower with 3 324 bales sold for immediate delivery. Good ordinary 22.87, strict good ordinary 23.87, low middling 23.87, strict low middling 24.06, middling 24.25, strict middling 24.44, good middling 24.62, strict good middling 24.80. Receipts and stock listed at 202 323.
Spot cotton steady with limited demand in Liverpool. American middling fair at 19.78, good middling 19.40, middling 19.10, low middling 18.65, good ordinary 17.70, ordinary 17.20. Sales 3,000 bales, 2,400 American. Futures unchanged with July at 18.00, rest of year futures listed.
New York July 5 cotton seed oil closed steady with spot at 15.70. Futures quoted January 15.20 to 15.21, July 16.69 to 15.75, August 15.62 to 1.66, September 15.55 to 15.58, October 15.465 to 15.47, November 15.17 to 15.19, December 15.18 to 15.20. Total sales reached 38,400 barrels.
Paris July 5 Note irregular trading at the Paris bourse with rates showing fluctuation. Rentes quoted at 60 francs 25 centimes.
Rev. J. S. Crowley will preach at Hallsboro on Sunday morning at 11 o clock and Sunday night at 8 o'clock. The community is invited to attend.
The July Federal Reserve bulletin shows total currency in circulation increasing from 3.8 billion on June 1 1914 to 4.742 billion on June 1 1917. Per capita money wealth rose from 4.35 in 1914 to 45.86 in June 1917.
Savannah publishes daily figures for turpentine and rosin. Turpentine firm sales are none with receipts 849 and shipments 530, stock 21 783. Rosin firm sales none with receipts 2 207 and shipments 2 150, stock 67 211. Bid quotes range from 5.20 to 7.05 with various grades listed.
Chicago dispatch reports sharpened demand and rising prices for corn with July at 1.60 and September at 1.49 3-4 to 1.60 1-2, followed by a broad upturn. wheat and oats also gain as hot winds affect southwest yields and North Dakota crops. Sugar futures ease in New York while stocks show overall firmness after the holiday, led by Baldwin Locomotive and Crucible Steel with mixed moves across major names.
July 5 market notes show Butter Creamery prices from 38 1 2 to 39 3 4 for extras and 37 1 4 to 37 3 4 for firsts. Eyes firm fresh gathered extras 37 to 38. Cheese irregular with state freed specials 23 3 4 to 24 1 2. dressed poultry steady with chickens 20 to 26, fowls 19 to 25 1 2, turkeys 18 to 35.
Stage of water in the Cape Fear river at Fayetteville North Carolina at 8 a.m. yesterday measured 7.7 feet.
The death of Richard Henry Lee aged 68 occurred at his home at 311 1-2 Red Cross Street this morning at 1:30. The illness was brief and his passing will be a shock to friends. The body will be taken to Clayton, North Carolina, tomorrow at 8:40 a.m. for interment in the afternoon. Lee was a mechanic by trade.
M C Styron sought a peace warrant against his 18 year old step daughter Lula Maydye in a hearing before Justice G W Bornemann. The magistrate found malice in the request and taxed the petitioner with the costs allowing Lula Maydye to go free. Public Defender Jones represented the defendant.
O F Justice a small white boy was tried by Justice G W Bornemann on larceny and sent to Recorder's court for disposition. The youth remains jailed awaiting trial. The watch allegedly taken from a beachwoman was returned to the owner by Tidewater Power Company employee Tuck Savage, with no evident harm reported.
Estelle Crawford, a colored woman, received six months on the nuisance charge and six months for resisting an officer, to serve on county farms. Bruce Cameron and H L Kerfees were taxed half the costs for affray. I B Grainger paid costs for speeding. Luther Moore case nol pros. Jessie Starkey’s disorderly conduct case remained open.
The Atlantic Coast Line Railroad Company Board of Directors declares a three and one half percent dividend on common capital stock payable at the Treasurer's office in Wilmington North Carolina on Tuesday July 10 1917 to stockholders registered on June 19 1917 at 3 PM James F Post Treasurer
Mr. John A. Livingston of the State Bureau of Markets returned to Raleigh after a holiday stay. Dr. R. L. Carr of Rose Hill spent yesterday in the city on professional business. Capt. Thomas D. Meares, Knights of Pythias supreme official, travels to Minneapolis for a Supreme Lodge meeting. Dr. C. L. Pridgen and Deputy Grand Master C. B. Newcomb installed officers of King Solomon Lodge 138 at Burgaw. Frank Meier reports eight wooden ships built in Tampa. Lieut. George W. Rappleyea of the U S Engineer Officers Reserve was en route from Fort Oglethorpe to Southport.
Special to The Dispatch Greensboro July 5 Thompson and Mullen issue a market forecast arguing current cotton prices are unjustified and predict prices under twenty cents within six months. They cite crop delays, strong cultivation, and reduced consumption under new labor laws, plus reduced exports and limited shipping tonnage as tightening supply. The note ends with a doggerel about tonnage and snowballs.
Railroad bulletin lists sale starts and final limits for round trips from Wilmington to routes including Washington Baltimore Philadelphia New York Boston Asheville Waynesville Lake Toxaway Brevard Hendersonville Saluda Tryon Raleigh Knoxville Nashville Chattanooga Black Mountain Lake Junaluska Waynesville Monteagle Sewanee Vicksburg with prices from 8.80 to 36.55 and October 1917 to September 1918 final limits. references agents Pleasants Whith Craig.
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