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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jul 29, 1917
Page
6
The New York market showed steady tone with October near 28.98 and December around 23.74 as trade interests in Liverpool and wire houses appeared modest. Cotton closed barely steady with October 23.82 and December 23.63, while other months fluctuated amid overall favorable crop and weather news.
Spot cotton in New York on July 28 closed quiet with prices around 25.20 cents per pound. Market activity remained subdued as traders watched daily market signals and supply cues.
New Orleans July 28 The cotton market rose after an early decline with futures 16 to 17 points above yesterday's close as shorts booked profits and rains in the eastern belt stimulated buying. October 22.92, 22.65, 22.75. December 22.89, 22.57, 22.70. January 22.94, 22.75, 22.78. March 23.01, 22.81, 22.84. May around 22.96.
New Orleans spot market shows quiet activity with prices steady. Quotations for good ordinary and middling categories hold, with sales at 369 for delivery and ranges for various quality grades from 23.25 to 25.55.
New York July 28 Cotton seed oil market closed with Sapolt at 13.76 for August, 13.60 to 13.85 for September, 13.91 to 13.93 for October, and 13.71 to 13.76 for November. Prices for December through February ranged 13.70 to 13.90. Total sales 13,700.
Butter firm with receipts 13 471, creamery higher than extras at 39 14 to 40, eggs irregular with 12 680 receipts, fresh gathered extra firsts 36 to 37 12, cheese firm at 22 to 22 1 4, live poultry dull with chickens 22 to 3, fowls 15, turkeys 16, dressed prices unchanged.
New York July 28 The weekly condition of clearing house banks and trust companies shows a reserve excess of 106,891,570 dollars over legal requirements a decrease of 37,154,190 dollars from the previous week.
In New York on July 28 coffee futures show September at 83 and December at 7.91 amid ongoing price volatility. The brief note records 514 as a figure in the trading buzz and confirms stable near term outlook.
Money markets report mixed tones with 60 day bills around 4.72 to 4.75. Commercial papers show 4.71 14 for 60 day bills. Bar silver at 78 1-8, Mexican dollars at 60 2-4. Government bonds steady. railroad bonds irregular.
Spirits 36. Rosin 4. Tar 3.50 and 16 cents. Crude 3.60 3.50 2.50. Receipts Tar 249. Grude 12.
Savannah daily totals show Turpentine at 37 1/4 with 495 receipts and 18 shipments, stock 28 245. Rosin records 1 790 receipts, 200 shipments, stock 81 938. Market quotes list various grades from 5.05 to 7.00 for B to WW.
Chicago reports sharp price increases across corn wheat and oats as switchmen’s strike unsettles shipping and delivery schedules. Wheat leads the advance with September near 2.30, corn up to 1.63 in spots, oats bid high by commission houses while hogs lift provisions. New York stock gains follow, with several rail and industrial shares advancing amid a strong market breadth.
Mrs Vicky Ruff and party from Birmingham register at The Oceanic. New arrivals include W A Kennedy of Knoxville and H Poorman of Atlanta. Mrs John Toley and Miss Kate McGuire of Greenville SC stay at The Oceanic. Mary Douglas and Norma visit the beach. City guests fill The Oceanic and Seashore Hotels as boardwalk cottages bustle from Lumina to The Oceanic. Weekend crowds expected. hotel proprietors prepare meals for all.
United Press reports House and Senate conferees adjourned near 11 pm with major differences on key food control bill provisions. Some optimists expect a meeting tomorrow while others fear no agreement by then. House members press Hoover to enforce the bill unilaterally.
Atlanta July 28. Aviator Lawrence Brown narrowly escapes death when his plane crashes into a live electric wire while attempting to land before the grandstand at Lakewood Park during the Oldfield Diploma racing event. He is unhurt but badly shaken as sun blinded him and caused loss of control. wings and propeller are damaged.
A high ranking American naval officer with the destroyer squadron in British waters advocates frank public discussion of the submarine war. He warns censorship shields the people from realities yet says home support should back the war program, noting the public mind is sensitive and must be kept informed within limits.
United Press dispatch notes next week will feature a Senate move on the Sheppard constitutional prohibition amendment and a House- Senate push on the food bill. The draft of aliens act and Atlantic City fence case also loom in weeklong legislative activity.
The Royal Canadian Orchestra performs at Seashore Hotel with Mr. Maddaford and others taking solos from The Perfect Day on cathedral chimes. Program includes Mazepa Overture, The Swan, There's a Long Long Trail, Spanish Dances, Dixieland selections, Star Spangled Banner, and more. Lumina concerts feature Kneisel Orchestra with afternoon 3 45 and evening 8 45 times including Dolores and The Fortune Teller selections.
Cleveland July 28 government contracts may bring a 1 500 000 airplane factory to Cleveland. Stock is offered with a prospectus noting a plan to acquire an existing airplane maker. DP Baker will represent the operation and stock subscriptions are being taken. The company expects 5 000 profit per aircraft with a price of 12 500 to the government.
The report describes an embargo affecting neutrals around Germany with food shipments halted for two weeks. Officials weigh diplomatic risks and aim to avoid provoking other nations while determining which neutral countries may receive food. Switzer lands, Holland, Sweden, and Norway are cited as strategic factors in the tense balance.
Rear Admiral Luce of the U S Navy, retired, died at his New Port Rhode Island home today. He originated the naval war college and served in the service for decades.
A patient at the hospital is recovering following the amputation of a leg. Medical staff report stable vital signs and ongoing rehabilitation.
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