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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jun 30, 1918
Page
7
Market notes show improved outlook for southwestern cotton as rains hit Texas Oklahoma and Memphis forecasts. July and October futures fell 15 to 35 points before closing steadier. stock dealings were light with U S Steel and rails fluctuating and Liberty bonds quoted near 99.5.
New Orleans June 29 Offerings for both accounts in anticipation of pearish government reports next Tuesday caused an easier market. In the first half hour trading the market fell 19 to 22 points. Cotton closed steady with declines ranging to 27 points.
Spot cotton in New Orleans remains steady with day sales totaling 2,033 bales to arrive none. Quoted prices show low middling 28.25 cents, middling 11.00 cents, good middling 32.75 cents per pound.
Weather hopes for Kansas rain sparked selling pressure across grains. July corn opened at 1.4814 to 1.4812, August at 1.503 to 1.51, then weakened with a brief rally before a broad decline. Oats tracked corn, while provisions rose on reports of large fresh meat shipments. Cash quotes show corn No 3 and No 4 yellow nominal, oats Nos 3 and 4 white around 78 to 83 cents, rye 1.74 to 1.75, barley 1.00 to 1.20, and fats firm at 25.40 for lard.
The June 29 market report notes a quiet session in New York. Spot prices show July at 20.50, August at 21.00, and September at 20.75 as asked. No sales were recorded.
The New York Clearing House reports banks and trust companies hold 171,971,680 in reserve above legal requirements for the week, a rise of 124,826,550 from the previous week.
Mercantile paper four months six months and sterling quotations listed. 60 day bills on banks show 4 72 and commercial 60 day bills at 4 713 4. The cables rate stands 4 76 16. Bar silver quotes at 191 1 2.
Turpentine held steady at 65 cents with 78 receipts and 3 shipments, stock at 23,915. Rosin remained firm with 1,267 sales, 381 receipts, 132 shipments, stock at 80,357. Market quotes show multiple grade prices ranging from 10.10 to 10.60.
Special events for yeowomen crews feature the coming annual regatta of the New England Amateur Rowing Association on the Charles River in Boston.
The United States protest denounces a Mexican decree that risks spoliation of American citizens. It insists on procedures to protect property rights and urges Mexico to uphold international law and justice. The note calls for assurance against arbitrary confiscations and seeks protection for U.S. citizens' property in Mexico.
W H Chambers of Raleigh North Carolina who is deaf and dumb wrote to Secretary Daniels to enlist in the Navy He says his heart is in the right place and he can fight He asks for an active role and is told the army reconstruction service might need him
Memphis June 29. Guests gathered for the wedding of Robert L. Temple and Miss Lena Graham when J R Graham father of the bride to be shot Temple on the front porch. Graham said he killed Temple after Temple admitted marrying his daughter while an undivorced wife remained in Chicago. He claimed self defense as Temple reached toward a pocket. The Grahams had heard of Temple's alleged prior marriage, which he denied had ended in divorce.
Berlin reports three British assaults on Merris were driven back with heavy losses. British efforts north of the Lys failed at Merris and Merville, while south of Bucquoy reconnaissance raids were repelled. French near Amblony were stopped beyond Cutry, and in Villers Cotterets forest the pursuit captured prisoners. Nine enemy aircraft were shot down.
L E B Holt a 29 year old California native and flight instructor for Lanzius Aircraft Corp of New York died when his plane collapsed at 400 feet near Dayton Ohio. He had formerly instructed for the government at Hampton Virginia.
The Wilmington price board issued a fair price list for staple items with cash and carry and credit delivery prices. It lists consumer vs retailer costs for items like flour, corn meal, butter, eggs, sugar, beans, milk, canned goods, and more. The notice urges public aid to enforce prices, conserve food, and support soldiers by reducing waste.
In Wilmington a speaker criticizes the liquor trade for wasting life and calls labor to support prohibition during the war. He praises laboring men and bankers for patriotic efforts, argues war reveals loyalties, predicts postwar leadership for America, and urges continued combat against war and militarism.George Washington is cited urging the plague of war to end.
Chicago packers denounced the federal trade commission findings as unfair and erroneous. Louis F Swift and J Ogden Armour defended their firms profits while noting wartime licensing and cooperation with the government and protested the report as unjust. Armour said the timing undercuts efforts by Armour & Co to supply U S forces with food products valued over 100 million dollars.
American naval authorities plan a large base hospital at an Irish port to care for sick and wounded sailors. The Red Cross will staff it with personnel from the United States. A large residence serves as the main building with huts imported to expand beds. The site is ideal for convalescents.
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