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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jun 21, 1917
Page
3
In New Orleans on June 21 the cotton market fell 45 to 32 points in early trading amid moderate liquidation and talk of English mills closings. Active months dropped to 60 to 81 points before stabilizing. by mid day shorts covered and prices recovered to near yesterday's close. The session closed steady with a net decline of 32 to 39 points across the near futures.
New Orleans spot cotton held steady with a 63 point drop as sales reached Tat bales to arrive 37. Good ordinary quoted at 2 2.18, strict good ordinary 23.68, low middling 24.18, strict low middling 24.37, middling 24.56, strict middling 24.75, and strict good middling 5.11. Receipts were 866 bales and stock stood at 203 210.
Greenbacks drift as wheat futures ease on improved northwest crop prospects. In New York, steady start with gains for Baldwin Locomotive Atlantic Gulf and West Indies Marine preferred and General Electric lead advance while United States Steel slips after early strength. Provisions slip as hogs weaken.
The New York cotton market opened with a decline of 5 to 30 points but ended steady as active months slipped 30 to 36 points from the prior close. Sellers with Liverpool ties moved new crop months and some buyers appeared to liquidate. Rumors of July delivery resurfaced as July and October quotes firmed late.
New York spot cotton closes quiet at middling level 25.70 cents per pound. Market shows steady tone with limited trading and light demand across the trading day.
Savannah June 21 Turpentin firm 383 4 sales receipts 348 shipments 22 stocks 19 12 Rosin firm receipts 0 0 ship ments 50 stocks 64 815 Quote bands list for grades B D E F G H I K M N WG WW with varied cents per barrel and ranges.
Spot prices held steady with American middling fair at 20.09 and good middling 19.39. Low middling 19.00 and good ordinary 18.05, ordinary 17.55. Sales included 7,400 American and 800 for special and export with no receipts.
Dora T. Israel, a 17 year San Francisco schoolteacher, resigned after admitting remarks disloyal to the U. S. government. She told the board she could not teach children to honor a flag that she said meant nothing to her.
Butter steady with receipts of 12 124. creamery higher than extra 38 1 4 to 48 1 2. eggs steady with receipts 21 423 and fresh gathered values 35 to 36 for extras. Cheese steady with state receipts 4 509 and fresh specials 22 3 4 to 23. poultry dressed quiet with chickens 2 to 28, fowls 19 1 2 to 25 1 2, turkeys 18 to 35.
Raw sugar in New York on June 21 remains steady with centrifugal at 5.96 and refined at 7.50. Cents per pound. Forenoon trading sees sugar futures advance 1 to 2 points on covering.
A Henry county Virginia community formerly spelled Fieddale will change its name to Field in honor of a Chicago millionaire merchant, bringing spelling and identity into alignment with the famous firm.
Stage of water in the Cape Fear river at Fayetteville North Carolina at 8 a m yesterday stood at 7.2 feet.
North Carolina Masons and their wives arrive for the first mid summer reunion of the Ancient and Accepted Scottish Rite. Activities run through Friday with degrees from fourth to thirty second conferred by various Masonic bodies. Oceanic Hotel serves as beach headquarters and organizers entertain ladies at Wrightsville Beach.
President Lowell conferred honorary degrees on men who aided the country during the crisis. More than 1,200 degrees were awarded to College graduates, while Harvard graduate schools were largely absent on war duties.
A Norfolk Virginia reader extols Ironized Paw-Paw as a three force tonic that cured general debility and indigestion. He says it improved sleep and energy, advises spring use, and notes availability at local Wilmington drug stores and Interstate Drug Co. in New York. The ad promotes a one dollar price and urges mail orders.
Weather varied across regions with growth slowed in central and eastern areas. Drought afflicted Texas and Louisiana, but Tennessee and Florida showed improvements and fruiting began in several states. Boll weevils appeared in some southern areas as crops stayed small in Georgia and Mississippi and fair in Alabama and southwestern Arkansas.
Six hundred Boy Scouts aged 14 to 20 left Richmond Virginia early today bound for the Eastern Shore to help harvest the region's 3,000,000 barrel potato crop.
A detailed timetable lists local and express train departures from Center and Lumina with half hour intervals from early morning until late evening. Freight trains from Wilmington and Beach run at multiple daily slots with depot hours and special Sunday and peak travel adjustments noted.
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