Cotton Market Rises Then Sags Amid Open Trading
In New York on June 11, cotton prices surged early with new season and old crop contracts advancing 21 to 27 points as Liverpool's strength and English buying supported a firm open. However selling pressure and favorable weather prospects trimmed gains, with July at 23.59 and December around 23.17, while a 422 strike rate lingered from prior finance.
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New York
Liverpool
Bethlehem Steel
Cotten
Wall Street
Studebaker
General Motors
United States
Lackawanna Steel
Republic Iron
New York Spot Prices for Silver Mills at 24.64
New York market report notes spot price steady at 24.64 with milling activity described. No further details on buyers or volume provided.
New Orleans Cotton Market Rises on Improved Liverpool Trade
A rise of 20 to 24 points occurred in early New Orleans trading as buyers responded to a stronger Liverpool market. Cotton closed steady with gains from 16 to 109 points across specified contracts, led by July at around 23.95 and October near 22.63 amid favorable weather conditions across the belt.
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New Orleans
Liverpool
Tec. W. W- We Ee
New Orleans Spot Cotton Steady Amid Sales Rise
New Orleans on June 11 reports spot cotton steady with 62 points gain. Sales on the spot total 44 to arrive 250 good ordinary 2062, strict good ordinary 191, law middling 22.62, strict low middling 22.81, middling 23.00, strict middling 23.19, good middling 23.37, strict couch middling 23.55. Receipts 1,546 and stock 208,056.
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New Orleans
Wilmington Naval Stores Prices Quoted
The Wilmington naval stores listing shows Spirits at 38 with Rosin 4.75 and 4.95, Tar 3.30 and 15 cents, Crude 3.50 and 2.50.
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Wilmington
Savannah Turpentine and Rosin Market Report
Savannah shows turpentine firm at 39 to 39 1 4 with receipts 182 shipments 2 015 and stocks 14 662. Rosin firm sales and receipts 699 shipments 3 522 stock 61 421. Prices quoted include B 5.50 to 5.55 D 5.57 1 2 to 5.60 5.60 to 6.62 1 2 F 5.70 G 5.72 1 2 H 5.75 I 5.80 K 5.95 M 6.00 N 6.25 W W 6.35 W W 6.45.
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Savannah Naval Stores
Savannah
Turpentine
Chicago Grain Market Mixed as Bears Gain Early Edge
In Chicago on June 11 improved crop prospects initially favored bears in wheat with July around 2.34 to 2.35 and September near 2.02 after an early 5 8 to 21 2 cent rise, then a broad setback followed by a rally. Corn prices fell sharply on favorable weather even as an official forecast warned of low temperatures and frost, with a steady moderate rebound from session lows.
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Chicago
Bears
Gattis Named Cantonment Agent for Southeastern States
Raleigh June 11 Charles H Gattis of Raleigh was named representative of the American Association of Railways to handle troops and supplies at a cantonment in the Southeast His temporary headquarters will be Montgomery Alabama and the appointment was announced yesterday by the Associated Press
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Associated Press
Raleigh
N. C
Charles H. Gattis
American Association of Railways
Montgomery
Ala
Pershing and King George Share Buckingham Palace Luncheon
General Pershing and U S Ambassador Pagc joined King George and Queen Mary for lunch at Buckingham Palace. The King invited the allied officers from Pershing's party to return Tuesday for a visit.
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Associated Press
London
General Pershing
United States
Pagcook
King George
Queen Mary
Buckingham Palace
Pershing
Eggs and Poultry Market Report New York June 11
Butter unsettled receipts 8483. Creamery higher than extras 92 score and 591-2 firsts 38 1-4 39. Eggs unsettled receipts 15590. Fresh gathered extras 35 1/2. Fresh gathered storage packed firsts 33 1/2 34 1/2. Fresh gathered firsts 32 33. Cheese firmer receipts 5388. State fresh specials 24 1/4 241/4. Live poultry steady. No prices quoted dressed: chickens 23 30, fowls 19 1/2 25, turkeys 18 3/* Note: OCR shows fractions. */
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New York
Supreme Court Upholds First Fed Act Case
Washington June 11. In the first case under the Federal Reserve Act the Supreme Court upheld as constitutional the clause allowing national banks to act as trustees executors administrators and registrars of stocks and bonds.
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Associated Press
Washington
Federal Reserve Act
Supreme Court
Magnus Manson Sunk by German Submarine
The American sailing vessel Magnus Manson has been torpedoed off the French coast by a German submarine. The crew had evacuated before sinking, and the master and crew were later reported saved. Private advices reached Mobile last month confirming the loss.
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Associated Press
London
Magnus Manson
Mobile
Dramatic Close At ICC Freight Rate Hearings
The Interstate Commerce Commission began reviewing mass testimony on a 15 percent freight rate increase. Luther M. Walter questioned Seaboard Air Line director S. Davies Warfield, whose South development commitment and role as railroad securities chairman drew intense scrutiny and a dramatic defense before the commission. Warfield argued that carriers must retain a safety surplus to cover fixed charges and maintain credit.
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Dispatch
Washington, D. C
Interstate Commerce Commission
Luther M. Walter
Davies Warfield
National Association of Owners of Railroad Securities
Seaboard Air Line
Walter
Warfield
Walters
South
Shipyards to be built at Port Wentworth near Savannah
The Terry and French Company, ship builders, secured 20 steel ship contracts from the Emergency Fleet Corporation and purchased about 100 acres at Port Wentworth near Savannah to construct a shipbuilding plant. The fleet, costing $10,000,000, will include ships of 3,500 tons capacity each, with first delivery in eight months and total delivery within 18 months from June 1, 1917.
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Associated Press
New York
Terry and French Company
United States Shipping Board
Emergency Fleet Corporation
Port Wentworth
Savannah
Red Cross Chapter Organized in Warsaw
Mrs. M. L. Sto ver led Warsaw ladies to form a Red Cross auxiliary linked to the Wilmington chapter. Anna Pierce became president with J. A. Ricks as VP, J. C. Russ as secretary, and W. C. Singletary as treasurer. locally supervised and financed by Wilmington.
MENTIONED IN THIS ARTICLE
Warsaw
M. L. Stover
Wilmington
Red Cross
Anna Pierce
J. A. Ricks
J. C. Russ
W. C
Singletary
Wilmington Boys Brigade Joins Company G For North Carolina Duty
About thirty five recruits from the Second North Carolina Infantry were sent to guard duty across North Carolina at Haw River Fayetteville Rocky Mount and other stations. The Boys Brigade of Wilmington traveled with the group and many joined Company G while some preferred Company H now stationed in Wilmington. The Dispatch notes headquarters for Company G may soon be in Wilmington.
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Eldehoro
Wilmington
Dispatch
Census Begins For New York Residents Aged Sixteen To Fifty
Registration for a military census opens in New York State for residents aged 16 to 50. Daily, except Sundays, through June 20, with over 8,000 volunteer enumerators aiding officials. Data on 5.6 million residents including ages addresses occupations and possessions will be gathered for military use.
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Associated Press
New York
New York State
Wilmington Beach Trains Schedule Update
Daily and Sunday schedules list morning and evening departures from Center and Lumina with express and local options. Freight depot hours and telephone number noted. special Sunday and heavy travel periods activate express trains with limited stops.
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Wilmington
Bea
Beach
Lbumine
Sibatreog
Half Holiday for Thirteen Grocery Stores on Thursdays
During the summer months the following grocery stores will close at one o clock Thursday afternoons Atkinson and Watters Inc B B Brytin and Co Hall and Durham Inc N Humphrey Co D Kenny Co J E Marshburn Peoples Supply Co Frank M Ross W P Roudabush Thomas Grocery Co Wilmington Grocery Co.
MENTIONED IN THIS ARTICLE
Lowing Grocery
Atkinson & Watters, Inc
Congress of Peasants' Delegates Backs Federal Republic Plan
The congress of peasants' delegates of all Russia joined the movement for a republic in Russia and adopted a resolution in favor of a federal republic on democratic lines.
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Congress of Peasants’ Delegates
All Russia
Russia
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