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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
May 05, 1918
Page
3
In Cotton New York May 4 the market opened with a modest advance to around 24 points before weather optimism and general selling pushed July to new lows at 24.56. October dipped to 23.98 while other active months closed with losses and the session finished steady as May 25.22, July 24.88, October 24.20, December 24.00, January 23.88.
The New York spot market opened quiet on May 4 with middling grade cotton at 26.75 cents per pound. Traders noted stable values and limited activity as prices held steady across the session.
In New Orleans May 4 heavy selling amid dry belt weather drove cotton prices down 32 to 44 points from opening levels while May and July futures closed lower. The market remained unsettled with May at 24.95, July 22.90, October 23.20, and December 23.01. Stocks and other commodities in New York were mixed with United States Steel and rail shares fluctuating, Liberty bonds quoted near 98.88, and various industrials showing modest gains and losses.
New Orleans May 4 spot cotton prices steady with 3387 bales on hand and deliveries to arrive 100. Prices show low mid around 26.50, middling at 28.50, good middling near 29.75 per hundredweight.
New York on May 4 records clearing house banks and trust companies holding 37,199,580 dollars in reserve beyond legal requirements. This shows a decrease of 34,506,410 dollars from the previous week.
Chicago May 4 forecasts that temperatures stay above normal until Monday weighed on corn with prices sliding. May futures fell to 1.27 1-4 while July dipped to 1.4834. later rallied then slipped again. Export demand stayed weak for oats while hog values supported provisions with an uptick.
Chicago market notes hog receipts at 1000 head with strong bulk prices from 17.20 to 17.75 for various cuts. Cattle receipts run 16067 with live steers 10.00 to 17.60, stockers 8.20 to 12.50, cows and heifers 6.75 to 14.00, calves 8.00 to 14.00. Sheep receipts 3000 with lambs 15.50 to 16.00 and ewes 12.75 to 16.70.
The snippet lists various financial instruments and rates including sixty day bills at 4.72 to 4.77, demand and commercial rates around 4.75, cables at 4.76, and bar silver quoted at 91.2. It references New York markets and May figures without full context.
In New York on May 4 no spot cotton seed oil trades were recorded for today with quotes listed for May and July at 2.00. No sales were reported.
Turpentine firm reports sales 154 and receipts 87 with shipments 61 and stock 23 530. Rosin firm shows sales 202 receipts 5 shipments 430 stock 96 472. Noted prices include B D E F H I K M N and WG YW with values around 5.39 to 6.10 and an 80 reading.
The spring term of federal court meets Tuesday under Judge Henry G. Connor with criminal cases and US party suits on the docket. Hampstead merchant Bowers faces a charge of making derogatory utterances in war times and is expected to appear for defense Tuesday or Wednesday. Civil cases are also listed but attract less interest.
Lumina hosts oyster roasts with cars running every half hour in the afternoon. The event invites visitors to sample seafood offerings and enjoy transit at interval times.
Ruth Williams presided as vice president in Wallace North Carolina on May 4. Prizes for best paper on How to Increase Teachers Salaries awarded to Elizabeth McGowan and Ellen Mae Johnson both in war savings stamps. Various local residents announced travels and events including retirements, departs for Raleigh Wilmington Norfolk and Rocky Mount.
Absence of jail cases leads to postponement of next week's Superior court criminal docket while civil term will convene later in May with Judge Stacy presiding.
Special to The Dispatch New Bern May 4 reports from across the third district suggest Hon Charles L Abernethy will win a majority in all but one county, aided by Hood’s withdrawal. He advocates primaries for candidate selection and a tighter race for Craven County sheriff, with three candidates contesting the seat.
Bicycle repairs via Gerken and Le Ray suggest wartime effort while Britain claims 7 7000 miles of coastline to defend. The remark ties civilian industry to national defense as coastal defense is cited.
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