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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jun 24, 1918
Page
7
Cotton prices opened steady to higher with July down and August up amid crop reports and war news. New York stocks showed strong early moves led by equipment and steel, while cotton futures in New Orleans rose 24 to 26 points before closing steady with gains.
New Orleans market data shows spot cotton quotations for middling and grades with revised figures. Middling 21.00, low middling 28.55, good middling 32.75, sales on the spot 01 and 263, receipts 2 225, stock 387 728.
Liverpool reports firm cotton prices with good middling at 0.92 and middling at 22.29 while low middling stands at 1.771 and good ordinary at 20.7. Sales total 100 bales, including 1,000 American. receipts 15,000. New contracts listed for June to October range from 22.85 to 19.44 with old contracts fixed near 21.14.
New York June 24 cotton seed oil market closes quiet with spot firm and near term sales of 1 000 barrels for July and August at 2050.
Spirit prices at 63 cents per unit Rosin quoted at 7.50 and 7.00 Tar listed at 3.85 and 0.17 Crude priced at 5.50 5.50 and 4.50
Chicago stockyards show hog receipts of 1000 with good hogs steady to five cents higher and other hogs lower. Cattle receipts reach 12,000 with good steers steady and calves lower. Sheep receipts total 16,000 with slow to uneven decline and spring lambs around 18.50.
Turpentine sales 244 receipts factory shipments 314 stocks 23885. Rosin sales 651 receipts shipments 2643 stock 82563. Price listings show grades B through WG with quoted ranges from 9.85 to 10.55.
Weather bulletin for Wilmington and vicinity notes fair height and Tuesday light variable winds turning south. Cape Fear river stage at Fayetteville reported at 8 a m yesterday 40 feet. Weather Bureau reports and ice session details appear in nearby lines.
Frosts in Ohio Michigan and Indiana boosted corn values at Chicago open with July at 1.43 1 2 and August at 1.46 3 4. prices then advanced above Saturday's close as oats fell on hedging. Hog receipts softened provisions while lard led most trading with pork and rib futures noted. Cash corn No 2 yellow at 1.73 and No 3 yellow 1.65 to 1.70. oats No 3 white 78 1 2 to 79 3 4.
Judge Augustus N. Hand dismissed the jury after learning a juror faced a federal indictment. A new trial is ordered for John J. O Leary accused of aiding his brother Jeremiah in an attempt to evade justice.
Miss Mantis H. McIntosh has landed in France and will begin duties as a Red Cross nurse at once. News from Wilmington confirms her safe crossing and marks her as the first Wilmington woman to join Red Cross nursing overseas.
New York reports that French and Italian fronts have pleased investors. American troop progress boosts sentiment while discussions on treasury offerings and railroad rent contracts signal cautious plans for a calmer, orderly market with no rapid boom expected this summer.
London reports that all but one of the Piave bridges have been destroyed by Italian artillery as the Austrian retreat continues. Enormous booty is said to have been captured by the Italians.
Raleigh June 24 Charles Laban Abernethy scored in the initial court challenge to Dortch’s nomination for the third congressional district. A temporary restraining order was set for July 9 to block state elections from listing Dortch on the ticket while Judge Calvert reviews the case.
The Wrightsville Breezes notes arrivals at the Orton hotel by H. C. Daniel Salisbury S O Fussell Rose Hill C H Bray Greensboro T D Warren New Bern H L Keith Hendersonville J E Dorton Charlotte Also listed are Wilmington hotel arrivals E G Richardson Raleigh J H Butner J W Holt J B Biddington Charlotte and D F Rice Hamlet Seashore hotel guests include Mrs Prince Webster Mrs B M Bailey T L Williams Atlanta and several Misses and Miss Moore among others with guests from Selma Raleigh Fort Caswell Hamlet Birmingham and other cities listed.
Savannah June 24 W H Eskedor president of the German Friendly Society and of the Country club has tendered his resignation from both posts. This marks the first step toward abandoning the two bodies. The German Friendly Society plans to meet tonight to consider placing its affairs in the hands of trustees or the courts.
In Raleigh on Sunday 2 000 visitors watched a parade of 200 African American soldiers led by a white officer. Whites joined in cheering as the marchers sang Onward Christian Soldiers and Shine On Me amid church song blasts and a city-wide war bond push.
Director General McAdoo ordered an investigation of the Michigan railroad wreck near Gary Indiana where more than 60 lives were lost. The incident involved a circus train and prompted federal inquiries.
Report says 45,000 Austrian stores and war materials seized by Italian and Allied forces. Austrian retreat not on the eastern bank of the Piave. the Austrian Hunger offensive appears a forlorn hope for days. Public morale in Austria-Hungary may suffer, while Italians prepare to meet any new moves with stubborn resistance.
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