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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jun 05, 1918
Page
7
Fragmentary market notes show prices around 28.50 in Wilmington and 29 1 4 in Charleston area trading. Weekend activity and regional quotes indicate limited buy pressure and mixed demand across grain and commodity lines.
The cotton market opened with July at 25.42 and October near 23.70 as buyers and weather forecasts influenced trade. Sessions showed 15 to 25 point swings with some realized gains and a generally firm close despite mid session irregularities.
New York spot cotton earns 29.50 middling with gentle price tone on June 4. Market overview notes steady demand and limited supply for nearby delivery.
New Orleans traders saw prices rise 210.33 points in early trading as favorable spot news spurred buying and shorts covered. The cotton market closed steady up 3 to 68 points, with general demand noted.
New Orleans June 5 spot cotton reported unchanged with sales on the cot 3,970 bales to arrive 200. Prices listed: low mid of 27.50, middling 30.00, good middling 31.25. Receipts 2,587, stock 8,145.
Liverpool notes spot quiet and prices unchanged for various cotton grades. Sales total 2,000 bales with 1,700 American shipments and no receipts. futures in Newcon metz show June at 21.80 and July at 21.18 amid unsettled mores.
In early June trade the market showed modest advances with buyers pushing corn and related commodities as July futures drifted higher. Stock markets rose on foreign news while rails and shipping sought short covering. provisions fell on packer selling amid cautious demand.
For Wilmington and vicinity gentle fair tonight and Thursday with no temperature change. Light easterly winds. Cape Fear water stage reported at Fayetteville at 8 a m yesterday with sun rise and set times for Thursday June 6, 1918.
Spirits selling at 46 1 2 cents per gallon Rosin priced at 6 50 and 36 00 Tar at 3 50 and 16 2 3 cents Crude listed as 4 75, 4 75, and 3 75 per unit.
Hogs receipts 7 000 with higher bids for better grades. Heavy butchers 16.50 17.10, prime heavy 16.45 16.70, heavy packing 16.10 16.45, selected light 17.10 17.25, bulk 16.60 17.00. Cattle receipts 4 000 steady for steers and butchers. calves lower. stockers and feeders steady. Sheep receipts 4 000 Lambs 25.50 cents higher with handy shorn loads at 17.75 and fat ewes at 15.00.
Savannah market report lists turpentine firm sales 451-4 and receipts 225 with stocks 23 158. rosin firm sales 792 receipts 1 087 stocks 92 943. Price quotes show categories B D E F G and H at 7.40. J 7.50. K 7.80. M 7.90. N 8.20. WG 0.40. WW 8.70.
American patrol clashed with 17 Germans on the Luneville front, killing three. Another patrol destroyed a concrete observation post. German air activity and Allied air combats continued as guns and gas shells flooded the sector.
German writer Georg Bernard in Vossische Zeitung objects to the Turkish push in the Caucasus. He argues Brest-Litovsk did not intend endless slicing of the Russian cake and urges Germany to pressure Turkey to curb its predatory aims.
Paris reports another bombardment by German forces today targeting the city with a long range gun. The attack marks additional heavy shelling as authorities assess damage and casualties.
A schooner carrying Captain Barbour and 156 passengers and 94 crew from the sunk steamer Carolina arrived at New York harbor. Survivors were picked up off Barnegat, N J, and 10 U S Army officers from the San Juan camp are among them. Red Cross workers welcomed the group at the dock.
A New York Evening Post correspondent said on May 10 1918 that Wilson should seek a third term. The Springfield Republican called the move a foolish issue to raise and noted it as the first public suggestion of its kind coming to attention.
Washington June 5 Maurice Francis Egan United States minister to Denmark has resigned to the state department due to ill health.
In Columbia South Carolina on June 5 Judge Peurifoy denied the petition of three stockholders to set aside the sale of the Parker cotton mills and the Hampton group. The ruling keeps current owners of eight mills in place and rejects a demand to pay the real value for the property. The mills named include the Hampton group Olympia Granby Richland Capital City Fairfield Wyjay Pine Creek and Beaver Dam across several towns.
A 25 year tested remedy Ironized Paw-Paw promoted as a tonic for indigestion weakness and anaemic conditions. Customer testimonial from Mrs. C B Jaynes describes relief from pain sleep and regular bowels after using Ironized Paw-Paw. Ironized Paw-Paw available in liquid form at Elvington's and Interstate Drug Co offers $1.00 bottles with formula on each bottle.
C L Dickinson a renowned East Carolina insurance agent has leased space in the Orton hotel building formerly used by the Seaboard Air Line Railway. He moved his offices to the new quarters to better serve clients of the companies he represents.
News of the death of Miss R. Julia James, 72, occurred at 11 last night at her sister Mrs. Spencer LeGrand’s home 314 Orange Street after a long illness. A Wilmington native, she lived here all her life and was a 55 year communicant of St. James Episcopal Church. Survived by a sister and several nephews and nieces.
London report says a major engagement in the Kars district of Trans-Caucasia on May 24 ended in Russian victory. Turkish and German forces retreat along the Ardahan road as the population is massacred, according to Moscow dispatches.
The Wilmington Dispatch invites all school children to submit one sided, neat compositions by 7 PM Friday June 7. Winners judged by readability and age class. prizes awarded soon after judging. Names of winners will be published.
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