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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jul 06, 1917
Page
3
In York on July 6 the market opened with scattered liquidations pushing prices down as traders weighed supply. Liverpool was described as a major seller, with initial offerings absorbed and reports of insufficient rainfall in the Southwest aiding a late rally.
New York spot cotton closed regular and quiet on July 6 with middling grade at 26.1 cents per pound. The report notes general inactivity in the market and steady pricing for the day.
New Orleans cotton prices fell early on July 6 amid scattered showers then rallied with a net daily advance, spurred by strong New York exports and spot demand including Japanese buyers. Chicago grain rose as traders rushed to distant deliveries, with corn and wheat hitting new high levels before closing mixed. Stocks in New York showed broad gains led by several rail and industrial names amid short-covering activity, with some laggards in autos and certain commodities.
Spirits Rosin and Tar quotes listed as 365 12, Rosin 4.70 4.50, Tar 3.50 16 cents, Crude 3.50 3.50 2.50. Receipts show figures 86 21 83 34 across categories.
Savannah naval stores report on July 6 shows turpentine and rosin firm with precise receipts shipments and stock levels. Price quotes list multiple grades with buying ranges and current bids across B D 4B F G H L K M N WG WW revenue figures not included.
Liverpool reports spot cotton with limited demand and nominal declines. American grades show middling fair at 14.63 and good middling around 19.15, with futures down about 25 points. Trade notes 6,000 receipts including 5,600 American. sales total 300 bales.
Liverpool weekly cotton statistics show total forwarded to mills 69 000 with 62 000 American. Stock 1 353 000 and American stock 257 000. Imports 23 000 with 20 000 American. Exports 3 000.
The cotton seed oil market closed easy in New York on July 6. Spot bids were 45.50, while key futures ranged from January at 15.17 to 15.19 and December at 15.34 to 15.16. Total sales reached 120,000 barrels.
Raw sugar held steady with prices listed for centrifugal and molasses while refined sugars remained firm. Futures recovered from early losses as commissions houses bought, closing 1 to 6 points higher after about 8 000 tons sold. key contracts September 5.38 December 5.25 January 4.93 March 4.82.
In New York on July 6 coffee futures held steady with September at 17.59 and December at 7.71 while nearby trades showed 193-8 for coffee, Ricks.
The article notes reserve corps units being organized and officers assigned across posts including Monmouth Park, Fort Leavenworth, Leon Springs, Monterey, and stations in Kansas and California. Captain Capart serves on General Retain's staff to impart improved wartime communication methods.
Funeral services were held at his home for J. B. Cox 53 a prominent Warsaw merchant and citizen. The service was led by Rev. George Mathis and Rev. A O Moore with interment in the local cemetery. Survived by his widow three children and a brother.
Prices for butter creamery and extras range around 39 to 40 cents per pound while eggs show irregular fresh gathered and storagePacked firsts at 34 to 38 cents. Cheese firm State fresh specials sit near 24 to 25 cents. Poultry dresses dull with chickens fowls and turkeys listed between 18 and 27 cents.
Stage of water in Cape Fear river at Fayetteville North Carolina at 8 a m yesterday 7.2 feet reported for the record.
The Merchants' Exchange in Memphis inaugurates cotton seed meal futures trading, joining New York in this new market. Two cars opened at noon and closed at 1 pm with basing on good cotton seed containing 7 percent ammonia or 40 percent protein and fats in 190 ton lots, trading limited to spots and seven future months.
A Dresden dispatch reports Saxony Premier von Witschim d Eckstadt refused Diet authorization to continue constitutional reform during recess. The Diet did not grant needed fuel reform authorization, prompting reconvening by August to allow the constitutional committee to resume work.
Copenhagen July 6 AP Captain von Salzmann, military critic of the Berlin Vossische Zeitung, argues America will influence the war through numbers and brute power. He expects American troops, artillery and aviators to join British and French divisions, shaping outcomes on the western front while submarines may force decisions first.
George J. Gould Jr dated 21 and a teacher by occupation wed Laura M. Carter of Freehold New Jersey in a Philadelphia ceremony. Only witness was George A. Coleman, a friend of the couple.
Sam Vick, outfielder for the Memphis Southern Association Club, has been sold to the New York Americans for 4200 dollars in cash and two pitchers. He will join the New York Club after the Southern season ends, a move described as precedent setting in Southern Association trades.
Ottawa July 6 The Canadian House of Commons adopted the resolution from Premier Porden and sent the compulsory military service bill to second reading. The vote was 118 for conscription and 55 against with an amended provision for front line dependents defeated 115 to 65.
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