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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jun 10, 1918
Page
7
Stocks opened uneven as market mood wavered on overnight reports of a new phase of the rial drive on the French front. Utilities and rail equipment shares showed strength while motors and some industrials rose only fractionally.
Savannah market notes show turpentine futures around 8.55 to 8.60 for several grades with bids from 8.30 to 10.65 and receipts and stock tallies. Rosin sales total 530 with shipments and stock listed at about 93 171 units. figures indicate price ranges and inventory levels for multiple resin grades.
Chicago June 10 market summary shows hog receipts around 4000 with steady to strong demand and prices from 15.50 to 16.95 for various categories. Cattle receipts about 14000 with active to strong demand and beef prices from 12.25 to 17.75. Sheep receipts 13000 with slow demand and lower quotes, lambs 17.40 to 17.75, other sheep 14.50 to 14.50.
A census-like note states there are 16 850 blind women in Great Britain highlighting the scope of visual impairment among females in the country.
Gentle tonight and Tuesday with little temperature change. Light easterly winds. Cape Fear river stage at 8 am yesterday 6.6 feet. Weather Bureau reports dated Tuesday June 11 1918.
New York cotton opened steady then eased after early buying. July and October futures fell from intra hour highs to mid 23s and mid 24s before closing steady as Liverpool demand and grass-field concerns influenced trading. Spot middling priced at 29.70.
Rains in the belt push cotton prices up early, then offerings rise and the market drifts lower. By midmorning the action sits 6 to 36 points below last week’s close. final trades show a steady close with varied moves across contracts including January 22.92, March 22.89, July 26.48, October 23.47, December 23.10.
Spot cotton in New Orleans on June 10 is dull and unchanged with no sales or arrivals. Quotations show low middling 27.88 cents, middling 30.38 cents, good middling 31.63 cents, with receipts totaling 4,987 and a stock of 368,695 bales.
Liverpool spot cotton remains quiet with prices steady for good middling at 22.56 and midling 21.93 while sales reach 2,000 bales, including 1,600 American. Receipts total 8,000 with 2,700 American. Futures close steady with new contracts June 22.15 and July 21.59.
The Cotton Seed Oil market in New York closes quiet with no spot sales and no June July or August 2000 deals recorded.
Market notes list spirits at 48 cents, rosin at 7.00 and 6.75, tar at 3.50 and 16 cents, and crude prices of 4.90, 4.90, and 3.90.
United States Steel reports unfilled orders totaling 8,337,623 tons as of May 31, up 404,259 tons from April 30. The rise reflects ongoing demand and production schedules for the steel giant.
Chicago traders faced a volatile session as unfavorable weather sent corn prices down 18c before a tepid recovery. Oats followed corn with July at 66 1 4 to 67 7 8. Big exports lifted pork and lard markets with cash quotes steady to firm.
A historical note on St. John’s Lodge No. 1 within the A F and A M fraternal order. The item records its existence and affiliation, with emphasis on traditional lodge rites and locality. No further events or dates are provided in the fragment.
Twenty six Mauban crew members reached New York aboard a freight ship to confirm the sinking of the American steamer Mauban off the Italian coast in late May. The Mauban, 1253 tons, built in 1900, formerly served in the Philippine trade and was reported leaving Manila for Europe. Also aboard were parts of the City of Pensacola crew and the City of Wilmington crew victims from May incidents.
In St Paul Minnesota the federation of labor opened its annual convention with pledges of loyalty to the government. George W Lawson of the Minnesota federation served as temporary chairman. Mayor Hodgson and Secretary of State Julius A Schmahl delivered welcome addresses, and President Gompers gave the response. A parade preceded the session with sailors, labor representatives, and officials taking part.
Eight French soldiers who escaped from Camp Wisburg near Mannheim report rising rigor in German reprisal camps over the past three months. British troops suffer more than the French, as air raids on Rhine towns intensify. An officer said Germans concentrate prisoners near ammunition factories to deter raids, but the soldiers prefer death from Allied bombs to surrender.
Investigations by the Tidewater Power company lead to a supplementary petition asking the corporation commission to fix city fares between 7 and 10 cents. Proposals include four for 25 cents or three for 25 cents. Other utilities seek similar 7 cent minimum fares. Wilmington Delaware sets 7 cents single fare or four for 25 cents from June 10. Savannah to Tybee Island round trip rises to 1.20 dollars, a 200 percent increase, aligning with national passenger-service rates.
By decree of the superior court dated April 30 1918 the undersigned will sell at public auction to the highest bidder for cash at the courthouse door Wilmington on July 11 1918 at 12 oclock noon a described lot in Wilmington North Carolina part of lot 6 block 74 per city plan. Commissioner William M Bellamy signs the notice June 10 1918.
An advertisement touts new Calo tabs calomel free of old side effects with easy nightly use. A public sale by Hanover Trust Company of Sunset Park parcels in Wilmington is scheduled for July 1 1918, listing multiple lots and descriptions from the Sunset Park subdivision.
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