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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jun 04, 1917
Page
3
Local markets show a sharp cotton decline with futures for July around 22.06 and October near 21.80 as selling intensifies. Overnight activity was erratic with earlier gains fading, stop orders triggering and traders citing poor interior demand and cautious weather outlook.
Prices listed for eggs butter spring chicks grown chickens puddle ducks guineas Irish potatoes and more with per unit and barrel figures. Wilmington naval stores receipts show spirits rosins tar and crude prices and ranges.
Liverpool June 4. Spot cotton prices vary with good middling at 15.12 and low middling 14.63. Receipts total 18,000 bales. Futures quotes show June 14.33, July August 14.07, September October 37, and later months around 13.03 to 15.19.
New York June 4 oil market shows weak closing with July and August futures easing. Prices for October and December contracts drifted to 16.14 and 13.75 respectively, with about 420 barrels sold and prime summer yellow oil at 40 nominal.
Chicago grain notes show limited trading with wheat opening up one to two cents and settling mixed as July and September futures fluctuated. Corn faced bearish pressure from favorable weather while oats declined on good crop prospects and hog receipts weighed on pork futures. Close readings indicate unsettled activity with mixed gains and losses across wheat corn and oats.
The market reports New York coffee futures with No. 7 at 101-4, July at 7.88 cents per pound and September at 7.97. The tone notes an easy session as prices hold.
Butter weak with higher creamery receipts 7 075. Eggs irregular with fresh gathered firsts 39 1 2 to 37 1 2 and extras 39 1 2. Cheese steady with State fresh specials at 23 1 2. Live poultry steady. dressed chickens 23 30, fowls 19 1 2 to 25, turkeys 18 35.
Raw sugar prices show firm to active trading with refined and bulk varieties listed. Futures opened firm on cover and demand, later easing on liquidation. At noon values were modestly higher and by close, July through January contracts finished up 3 to 9 points with 9 850 tons sold.
Walter J. Pierpont Jr. was mauled in Calibogue Sound near Savannah by a shark while his wife pulled him to the boat with a tow line. He was rushed to Savannah after his arm was mangled and bandaged with clothing. he survived the incident with non critical condition after an operation.
New York June 4 stocks drifted lower with rail issues leading the decline as St Paul and Delaware and Hudson fell sharply. United States Steel and other industrials eased while motors oils and several high priced shares also slipped. Publication of the mercantile marine annual report unsettled the shipping list. marine and steel leaders showed 1 to 3 point drops amid irregular rallies in steels.
Two hundred members of the Georgia Cotton Seed Crushers Association gather in session at Atlantic Beach near Jacksonville Florida. President H C Brown of Augusta presides and the group hears the annual address urging full cooperation with the government in the war. speakers include A D Hudson of the Bureau of Markets and Prof Roy Rast of the Georgia Agricultural College.
Hundreds of veterans from the Confederacy march and camp near the Capitol as Washington hosts a reunion with 75,000 expected. Delegations arrive by train from Memphis Pine Bluff Texarkana and New Orleans while leaders from both sides exchange welcomes and plan displays at Manassas tomorrow.
survivor Chris Thornton says the Bri freight Jateamship Karanta of 2.8 tons gross was torpedoed April 27 by a German submarine near the Spanish coast. Two men died and the ship carried supplies for the British Admiralty. A second vessel, the Imberhorne of 1958 tons from Mobile to Greenock, was sunk May 1 off Ireland with the crew escaping.
In Recorder's Court Judge Harriss faced a crowded docket from weekend police arrests with many cases continued. Zeb Harriss was fined for union support, Harry Graham ordered to pay $3 weekly and serve a year on the roads for nonpayment of costs. Luther Higgins faced larceny charges with case continued. John Bishop paid costs for an assault. Additional cases continued include Robert McNeal for assault with a deadly weapon and concealed weapon, George Wortham for weapon issues, Bessie Powell for concealed weapon and assault, Major Creech for weapon, Mark Roberson for weapon and later for disorderly conduct, Fowler Smith for larceny, Jim Johnson for concealed weapon.
English Lutheran Synod of the Northwest opens in Fargo with a focus on the 400th anniversary of the Reformation. Clergy and laymen from North Dakota Minnesota and Wisconsin attend as the session runs through most of the week.
The arrival in Washington continued under ideal weather as organizers estimated 5,000 veterans and 60,000 to 75,000 visitors from the South for the reunion. A special train from Tulsa, Oklahoma, brought citizens who will seek next year’s event.
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