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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jul 11, 1917
Page
3
Market reports show cotton prices barely steady early with 3 to 24 point declines as traders note weaker demand. New York spot quotes top near 26.95 cents with Western forecasts for rain potentially weighing on futures while Chicago grain slips across September and December options.
Prospects dampen cotton demand across the belt as heavy selling pressures pull prices lower. Private reports show ruinary points in Texas and Oklahoma with forecasts predicting more declines. official closing quotes hit weak levels with October, December, January contracts all posting losses.
New Orleans spot cotton unchanged with sales of 2,128 bales. Prices range from good ordinary 24.50 to strict good middling 26.43, with middling around 25.88 and strict mid 26.7. Receipts 34, stock 141,104.
Liverpool July 11. Spot cotton unchanged with American middling fair at 19.98 and other grades listed. Sales 2,900 bales, receipts 1,000 including 70 American. Futures unchanged with July at 18.15 and other month pairings shown. all prices fixed.
New York reports a steady cotton oil close with spot at 15.15, front-month January 14.83 to 14.84, February 14.2, July 15.25 to 15.30, August 15.17 to 15.20, September 15.12 to 15.11, October 15.05 to 15.06, November 14.82 to 14.83, December 14.83. Total sales reach 31,500.
Raw sugar holds steady at 6.33 cents with refined and molasses prices steady. Futures were inactive but later rallied on covering returns. In late trading, prices closed two to three points higher with 2,350 tons sold. September 42, December 526, January 4.96, March 4.78.
The announcement from Coffee, New York notes WW. E. Thomas of Valdosta Georgia was nominated by President Wilson to serve as United States District Judge for the Southern District of Georgia. Futures quotes show September at 7.69 and December at 7.81 with a quiet market.
Houston Mass July 11 associates report the Benevolent and Protective Order of Elks appropriated a $100 fund for war relief work today in a formal appropriation ceremony.
Butter steady with 15 083 receipts and creamery prices up to 40 1 2. Eggs weak with 18 858 receipts, extras 37 to 38 cents and firsts 33 1 2 to 34 1 2. Cheese firm with 5 094 receipts and state fresh specials at 24 to 24 1 2. Live poultry firm with no prices set. dressed steady with no changes.
Delegates gather in Chattanooga for the 29th annual Southern Christian Endeavor Workers Union session. Officials expect about 200 delegates at the opening tonight as the conference begins.
Stage of water in the Cape Fear river at Fayetteville N C at 8 a m yesterday 10 2 feet and falling.
Provost Marshal General Crowder clarifies that under National Army draft regulations a claim for exemption may be filed by the registered person or by family members or any third party with knowledge of the facts. It was announced that members of the House and Senate Military committees will witness the drawings to select men for the national war army.
It was officially announced today that Camp Virginia will be the official title of the cantonment at Peters burg.
The National Weather and Crop Bulletin reports weekly cotton conditions show improvement in Mississippi Alabama Georgia and Tennessee with fruiting squares forming and blooms advancing in many areas. Texas saw two thirds of stations receive showers though drought remains in central and western districts with uneven moisture.
Wilmington Light Infantry squad, unbeaten in the flag race, will face Fort Caswell soldiers in a Saturday benefit game at Robert Strange Playgrounds. Proceeds aid the local Red Cross Society, and a Fort Caswell band may lead a parade to the event.
Washington July 11 Dependent wives and all children of soldiers will receive Federal allowances during the war under a bill by Representative Rankin Montana Wives with no children get 30 dollars monthly one child 45 two children 60 and more than two 75 per month
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