THE WILMINGTON DISPATCH, SUNDAY, JUNE 30, 1918.
Latest Market Reports I
.For
COTTON MARKETS.
NEW YORK COTTON.
New York, June 29. There were
better prospects for at break in the
southwestern drouth in the opinion
of cotton traders here, and after open
ing 18 points lower to one point high
er, the market' sold off rather sharp
ly' during today's early trading. Pri
vate wires reported rains at Texar
kana and at two or three , points in
Oklahoma, while good rains : were re
ported in the Memphis section, and
t was evidently anticipated that show
ers would be more general over Texas
before Monday. ' July sold off from
27.S9 to 27.50, or 35 points net lower,
while October declined from 25.32 to
25.10, with new crop months general
ly showing net losses of 15 to 20 points
shortly after the call.
Cotton closed steady.
High. Low. Close.
July .....28.10 27.63 28.00
October 25.45 25.10 25.26
December 24.92 24.61 24.73
January 24.78 24.46 24.67
March 24.75 24.64 24.65
NEW YORK SPOT. ,
New Yoi;k, June 29. Cotton: Spot,
iuiet; middling,, 32.00.
NEW ORLEANS COTTON.
New Orleans, June 29. Offerings
for both accounts in anticipation of
bearish government reports next Tues
lay caused an easier feeling in cotton
;oday. In the first half hour of trad-
aig the market lost 19 to 22 points.
Cotton closed steady at a decline of
J to 27 points.
High. Low. Close
Tuly 28.50 28.33 28.25
Jctober 24.48 24.20 . 24.26
December 24.01 23.74 23.86
anuary 23.90 23.80 23.71
March 23.90 23.71 23.71
NEW YORK STOCKS.
New York, June - 29. Dealings on
the Stock Exchange today were alto
gether superficial both -as to volume
and scope. Traders favored some oi
the. more speculative issues, such as
metals, oils, motos and a few minor
specialties, but standard shares were
dull, moving within the narrowest
area. United States Steel reflected
further moderate pressure and high
grade rails were only occasionally
Quoted at nominal changes. Leaders
hardened quite generally in the later
dealings. The closing was steady.
Sales approximated 200,000 shares. .
Liberty 3 l-2s sold at 99.46 to 99.52;
first 4s 'at 94.30 to 94.44; second 4s at
94.34 to 94.50 and .4 l-4s at 96.64 to
96.76.
NEW ORLEANS SPOT.
New Orleans, June 29. Spot cotton
steady and unchanged. Sales on the
.pot, 2,033; to arrive, none.
Low middling,' 28.25; middling,
(1.00; good middling, 32.75.
CHICAGO GRAIN.
Chicago, June 29. Prospects o
rain, in Kansas and of a breaking of
he hot wave there led to selling of
:orn today and eased down prices
Opening prices, which varied from un
jhanged figures to 3-8 lower, with July
14R1-4 to 1.481-2. and Ausrast 1.50 3-4
to 1.51, were followed by a slight .ral
y and then a material decline al
iround.
Oats sympathized with the weak
ness pi corn. Alter opening un
changed to 3-8 c lower, the market con
tinued to sag.
Provisions averaged higher owing
aparently to reports of large ship
ments of fresh meats. Pit trade was
light.
Grain and provision prices:
CORN- Open Close
July 1.40 1-4 1.47 7-8
Aug 1.50 3-4
DATS
July 73 1-2
Aug ... r.. 68 7-8 -
PORK Open
July
. Sept.
LARD
1.50 1-8
.72 7-8
,68 12
Close
43.80
43.90
July
Sept ...
RIBS
July ... ... ..
Sept.
The close-was unsettled 1-4 to 7-Sc
net lower with July 1.47 1-8 to 1.48 and
lugnat 1.50 1-8 "to 1.50 1-4.
. 25.50 r
; . 25.75
...23.45
. . 24.00
25.60
25.77
23.40
24.00
CASH QUOTATIONS Corn No. 3
fellow and No. 4 yellow nominal. Oats
no. 3 white, old, 79 a 79 12; - new 78
1-2 a 3-4; stanudard, old, 79 1-2 new
i'8 3-4 a 794 Rye No. 2, 1.74 a, 1.75.
Parley 1.00 a 1.20. Timothy 5.00 a 7.50;
'lover nominal Lard 25.40; ribs 22.
'5 a 23.50.
COTTON SEED OIL.
New York, June 29. The cotfon
leed oU . market closed quiet. Spot,
ione." July, 20.50; August, 21.00 ask
id; September, 20.75 asked. No sales.
New York Clearing House.
New "Work, June .29. The actual
'ondition of clearing house banks and
rust companies for the week shows
bat they hold $171,971,680 reserve in
xcess of legal requirements. This is
n increase of $124,826,550 from last
?eek.
MONEY MARKET.
New York, June 19. Mercantile pa
sr, iour months, 6; six months, 6;
terling 60-day bills, 4.21-2; commer
ial, 60-day bills on banks, 4.72; com-
nercial 60-day bills, 4.713-4; demand,
U5 5-16. Cables, 4.76-16. Bar silver.
3 1-2.
"LAIMTIC CrrvNIEWESTn
fireproof: hotel..
?ctly on the Ocean Front,
dually Attractive During All
Seasons of the year.
American nd European Plans
Luxnrlous lobbies, spacious veran
das and sun parlors, overlooking the
ocean and thoroughly heated,
carmine afternoon muilMlM an a
evening concerts. A palatial -residence
for those seeking rest and
creation. ' , .
sa Water Baths. Fireproof Garsre.
American Beet Sugar 68
American Can 45 7-8
American Car & Foundry 84 1-4
American Locomotive 68
American' Linseed 413-4:
American Smelt. & Refning . . 80 3-8
American Sugar (bid) 113
American T. & T 95 3-8.
Anaconda Copper 68
Atchison 84 5-8
Atl., Gulf & W. Indies 1051-8
American Tobacco 161b
Atlantic Coast Line 91b
Baldwin Locomotive 93
Baltimore & Ohio .... 54 3-8
Bethlehem Steel "B" .. 851-2
Canadian Pacific 1471-2
Central Leather ; 71
Chesapeake & Ohio (bid) ...... 561-2
Chi., Mil."& St. Paul 42 1-8
Chi., R. I. & Pac. (bid) 22 3-4
Chino Copper 40 5-8
Colorado Fuel & Iron (bid) 48
Corn Products 42 1-8
Crucibie Steel . 68 3-4
Cuba Cane Sugar 32
Erie 15 1-2
General Electric (bid) .1471-2
General Motors 154 1-2
Great Northern Pfd. (bid) 901-4
Great Northern Ore Ctf s . . 321-2
Illinois Central (bid). 96
Inspiration Copper 543-4
Int. Mer. Marine 28
Int. Mer. Marine Pfd. .1021-4
International Paper 35 1-2
Kennecott Copper 33
Louisville & Nashville (bid) . .1151-2
Maxwell Motors (bid) 27 3-4
Mexican Petroleum , 99 1-2
Miami Copper 28 1-2
Midvale Steel . ... 521-4
Missouri Pacific . . 23 l-2b
New York Central 72 3-8b
Norfolk & Western 103 l-2b
Northern Pacific 871-2
Ohio Cities Gas-' : . . ... 37 1-2
Pennsylvania 43 5-8
Pittsburg Coal ...... f ...... ... . 53
Ray Consolidated Copper ..... 243-8
Raeding .......... 92 3-4
Rep. Iro n& Steel 91
Sinclair Oil & Refling 33 3-4
Southern Pacific ............. 831-2
Southern Railway 24 1-8
Studebaker Corporation . . . . 461-8
Tennessee Copper ........... 191-2
Texas Co 153 1-2
Tobacco Products, 65
Union Pacific '.-ilw. . 122
United Cigar Stores . ... . . .... 65
U. S. Ind. Alcohol .... 124 1-2
United States Rubber 581-2
United States Steel 108
xUtah Copper 82 1-2
Wabash Pfd. "A" 42 1-4
Westinghouse Electric 43
Willys-Overland 19 1-8
Gulf States Steel 84b
Seaboard. Air Line 7 l-2b
Sloss. Shef. & Iron 64b'
United Fruit 123 7-8b
Virginia Caro. Chem. 51
N. Y. N. H. & H 38
Sales, 134,600 shares
MEXICO REBUKED
BY UNITED STATES
(Cdntinued from Page One.)
ment of any proceedure looking to the
prevention of spoliation of American
citizens," said the protest, "anl in the
absence of any assurance, were such
proceedure established, that it would
not . uphold in defiance international
law and justice the arbitrary confisca
tions of Mexican authorities, it be
comes the function of the government
of he United States most earnestly
and respectfully to call tnj attention
of the Mexican government to the nec
essity which may arise to impel it to
protect the property oi its citizo? in
Mexico, divested or injuriously affect
ed by the decree cited above."
DEAF MUTE WANTS
TO FIGHT GERMANS
Washington, June 29. W. H. Cham
bers, of Raleigh, N. C, is deaf and
dumb. His heart, however, is in the
right place, and today he volunteered
to Secretary of the Navy Daniels to
enlist in the navy and help fight the
Germans.
"I've been physical director at the
Tennessee Deaf and Dumb institute
at Knoxville. the last 11 years and I
know I can fight," he spelled on his
fingers to an interpreter, "but if I'm
not available for actual fighting isn't
there something active I can do?"
Daniels allowed the army recon
struction service might need him, and
he went away happy.
KILLED BY FATHER
OF BRIDE-TO-BE
Savannah Naval Stores.
Savannah, June 29.- Turpentine
steady 65c, sales none; receipts 78;
shipments 3; stock 23,915.
Rosin firm; sales 1,267; receipts
381; "shipments 132; stock 80,357.
Quote: B. D. E. F. G. H. I. and K.
10.10; M. 10.20; N. 10.40; W. W.
10.50; W. W. 10.60.
Special events for yeowomen crews
will feature the coming annual regat
ta of the New England Amateur Row
ing Association on the Charles -River,
Boston.-.:. -ulKtis
Memphis, Terin., June 29. Guests
who assembled here today for the mar
riage of Robert L. Temple, a Chicago
traveling salesman, and Miss Lena
Graham, of Meridian, Miss., heard pis
tol shots instead of wedding bells.
While the minister waited on the front
porch for the couple, J. R. Graham, a
conductor on the Mobile and Ohio rail
road, father of the bride to be, shot
and instantly killed Temple.
"I shot him because he admitted to
me that he was in the act of marrying
my daughter when he knew he had an
undivorced wife in Chicago," Graham
told city detectives. He also told them
that while he was securing Temple's
confession the latter put one hand in
a pocket. "My first impulse was to de
fend myself," he said.
The Graham's, according to the po
lice, had heard that Temple had been
married, but he claimed he had been
divorced.
BERLIN REPORTS
BRITISH REPULSED
Berlin, via London, June 29. Three
British attacks against, German posi
tions at Merris were repulsed with
heavy losse, the war office announce"?!
today.
"North of the Lys, British attacks
in three assaults against Merris broke
down with heavy losses," said the
statement. "The enemy penetrated
Vieux Berquin, hut' was thrown back
by our counter-attack beyond the
western border of the village.
"North of Merville enemy attacks
broke down.
' "Southwest of Bucquoy enemy re-
connoitering attacks were repulsed.
"South of the Aisne, the French
were repulsed near Ambleny. Beyond
Cutry they gained ground but were
thrown back by our counter-attacks
on the heights astride of Cutry.
"In Villers Cotterets forest we pur
sued the enemy as far as his depart
ure positions, capturing prisoners.
"Nine hostile machines have been
downed."
M'DANIE LPRAISES
WILMINGTON LABOR
(Continued from Page One.)
learned that we have no right to starve
some by making others drunk. Three
hundred thousand are engaged in the
liquor business, when every man Is
needed in some useful occupation.
This labor is worse than wasted it
does harm.
Employes of the liquor business use
an average of six years of life. Mul
tiply this by 300,000 and we have 1,
800,000 years of life lost. The aver
age man works 30 years. So the liquor
traffic is equivalent to a loss of 60,
000 population of each generation.
The war has facilitated the enact
ment of prohibition, and I am happy to
see that the laboring men of Wilming
ton have done what they could to re
move the stigma that has been placed
upon them by those who claimed that
shipbuilders could not and would not
do their best work without beer. I
am not ready to believe that our work
ingmen are so much German that they
cannot work without beer.
A revelation of the character of our
people will be another result. . This
war has been a sifting process in
which we are learning who the dis
loyal are and are eliminating them.
Then, too, it has demonstrated that
the much-abused rich are patriotic to
the core, as evidenced by Messrs.
Schwab, Vanderlip and Davidson, all
of whom are giving their time unre
mittingly to the winning of the war.
The bankers, with a splendid unselfish
ness, have put their resources behind
the government and made "possible the
liberty loans, Y M. C. A. and Red
Cross campaigns.
Equally as patriotic are many of the
laboring men, who refuse to ' strike
while the country is engaged in war.
If the common tie cemented in this
war should bind the capitalist and la
borer In bonds of mutual understand
ing it would be a large compensation.
Our young men, too, have shone re
splendent. We will have, when . the
war is over, what Germany sought a
place in the sun and we will get it
without seeking. Never again will we
be called cowards and capitalists. The
world will know America as they
would never have known us. The race
will love and respect America.
This war will result in the over
throw of militarism and tyranny. A
just, universal and lasting peace will
follow. Anglo-Saxon civilization taught
man to respect his own rights. Amer
ican civilization is teaching men to re
spect the rights of others. Life,
money and property are being de
stroyed, but new ideas are being cre
ated. From the funeral pyre will rise
a world consciousness of the folly.
waste and sinfulness of strife. George
Washington at 53 wrote, "My first
wish is to see this plague of mankind
(war) banished from off the earth."
want no peace now. It would be the
harbinger of) another war. We will
fight on till all the world is free ,and
until the devil of war is chained and
thrown into the pit.
Real A
ctioi I
THE
The Time Has Arrived In
WILMINGTON DISPATCH
' CAMPAIGN
Read carefully the special vote offer announced today. Five prize ballots to be awarded in
each division.
CONGRESS STIRRED
BY FRANK REPORT
(Continued from Page One.)
Flying instructor Killed.
Dayton, Ohio, June 29. When the
wings of ' his airplane crumpled at a
height of 400 feet, L.. E. Holt, 29, of
California; flyer tor the Lanzius air
craft corporation, of New York, fell
to death near here today. He was
formerly flying instructor for the gov
ernment at Hampton, Va.'
Wilmington Fair Price List
Consumer Pays.
90
5
6 to 6
12& to 15
11 to 12
30
The Wilmington price interpreting board for the United States admin
istration yesterday issued a fair price list on staple articles. The lowest
quoted, which the consumer should pay, is the maximum for "cash and
carry" stores; the highest price quoted is the maximum for stores giving
their customers "credit and delivery" service. Over-charges should be re
ported immediately to the county food administrator.
Articles
Wheat flour, per 12-lb. sack....
Corn meal, lb
Corn grits and hominy, lb ,
Oatmeal, package
Rice, rose grade, lb
New Irish potatoes, peck .... y
Butter, print, lb
Butter, tub, lb, 45
Eggs, dozen m
Cheese, lb .?
Lard, compound, lb.
Lard, pure, lb. 28
Bacon, piece, lb.
Bacon, sliced in package, lb.... .....53
Ham, North Carolina, lb no
Ham, sugar curedj lb
Granulated sugar
Beans, dried lima, lb;
Evaporated milk, small can.?...
Evaporated milk, large, can
Canned corn, standard,, can
Canned tomatoes, No. 2, can
Retailer Pays.
80
.4 to V,
.5 to 5
. 9 to 12
. 9 to 10
to 25
to 50
to 47
40c
to 26
to 24
to 29
to 45
to 54
to 36
33
8c basis
16
4 to 5
..10 to 11
..12 to 15
..12 to 13
15 to 18
to 35
60
to 55
45
to 35
28
to 35
to 55
to 65
40
to 38
9
17 to 20
7 to 8
15
16 to 20
15
17 to 20
16 to 18
17 to 20
53
32
33
50
60
37
Canned reas. No. 2. can
Dried peaches, lb. : i to 10
Prunes, lb io xs
Uphold the food administration by patronizing merchants who display
the administration posters and live up to them.
TLAmind vour retail dealetf that he must immediately apply to the food
fttninfRtTRtinn t Raleigh for blanks upon which to make report of sugar
needed, if he expects'to continue to sell sugar. Don't let him forget it.
. Help your merchant conserve iaDor Dy ouying a wee or two weess-
gimnlv nf stanlft. articles at a lime. BBH mm tu bch jruu uue puuuu OI
flour or one poiSnd of meal;' Buy enough to last for several days.
Carry your own parcels wnerever possioie, especially me email ones.
Help the soldiers over there by conserving food in every way possible.
profits figures be found to have been
omitted from the returns.
Packers Make Vigorous Replies.
Chicago, June 29. Chicago packers
made vigorous replies tonight to
charges of profiteering contained in
the report of the federal trade com
mission. Sweeping denial of the com
mission's allegation and defense of
the attitude and methods of their con
cerns were issued by Louis F. Swift,
head of Swift & Co. and J. Ogden Ar
mour, president of Armour & Co.
"Swift, & Co. absolutely deny the
sensational charges made by the fed
eral trade commission," said Swift,
"and we hope the public will at least
reserve judgment, until the complete
facts of the situation are put forth."
Swift admitted much. greater profits
in his company's. business,. during. the
last few years but defended them as
fair and reasonable. He accused the
commission of making a very serious
error, that "does the packers. a gross
Injustice," in figures presented In the
report.
"The report says the five large
packers made a profit of $140,000,000
during the three years - as against
$19,000,000 during the three years be
fore the war, thus showing . an in
crease of $121,000,000," he sjtid.
"The commission has compared a
three-year profit with a one-year
profit and the $19,000,000 should have
been $57,000,000, thus showing an in
crease of $83,000,000 instead of $121,
000,000. Tliis profit is not out of line
with the increase in sales due to the
high level of prices and increased out
put of wheat products."
Swift then stated that Swift & Co.
has been co-operating with the gov
ernment in every available way to
help win the war and since November,
1917, has been operating under fed
eral license that limits profits to 9 -per
cent.
"Swift & Co. deeply resent the spirit
and manner in which this report has
been issued," the packer continued.
Armour characterized the report as
the "old cry against business Ibecause
it is big."
"This is an unfortunate time," Ar
mour said, "for one branch of the gov
ernment to come out with such a re
port when -another -branch, between
January and June 1 has called on Ar
mour & Co. to supply the forces
abroad with food products of a value
of more than $100,000,000."
First Grand Capital Award: Studebaker Six,
value $1,507.50, purchased from Clayton &Lassiter, 111 Chestnut St., Wilmington, N. te.
Second Grand Capital Award: Chevrolet five-passenger Touring Car, Model 495, value
$745.00, purchased from Clayton & Lassiter, 111 Chestnut St, Wilmington, N. C.
TERRITORY THAT CAMPAIGN EMBRACES HAS BEEN DIVIDED INTO TWO DI
VISIONS, AS FOLLOWS :
DIVISION "A"
Comprises all of the following counties: . New Han
over (outside corporate limits of Wilmington), Cumber
land, Duplin, Onslow, Pender, Jones, Sampson and
Wayne.
Awards For This Division
First Award: Victor Victrola, cabinet size, value
$215.00, purchased from Wilmington Talking Machine
Company.
Second Award: Choice of any Sewing Machine,
$74.00 in value, purchased from Singer Manufacturing
Company.
Third Award: 42-piece Chest of Silver, value $45.00,
purchased from A. O. Schuster.
Fourth Award: 26-piece Chest of Silver, value $3000,
purchased from A. O. Schuster.
Fifth Award: Eastman Autographic Kodak,, value
$27.50, purchased from Northam's.
Sixth Award: Solid Gold Gracelet Watch, value $25.00,
purchased from A. O. Schuster.
All non-award receivers will receive 5 per cent for col
lections on subscriptions.
to
-1
DIVISION
Comprises the following counties of North .'Carolina
Brunswick, Bladen, Columbus, Robeson and Scotland;
and all points in South Carolina within a radius of 100
miles of Wilmington.
Awards Fro Ths Division
First Award: Victor Victrola, cabinet size, value
$215.00, purchased from Wilmington Talking Machine
Company.
Second Award: Choice of any Sewing Machine,
$74.00 in value, purchased from Singer Manufacturing
Company.
Third Award: 42-piece Chest of Silver, value
$45.00, purchased from A. O. Schuster.
Fourth Award: 26-piece Chest of Silver, value $30.00,
purchased from A. O. Schuster. i
Fifth Award: Eastman Autographic Kodak, value
$27.50, purchased from A. O. Schuster.
All non-award receivers will receive 5 per cent for
collections on subscriptions.
SAOOO
Extra
fib
Navy Hospital in Erin.
London, June 29 . The American
naval authorities are building a big
base hospital at a port in Ireland for
sick and wounded sailors, to be
manned by the Red Cross with a staff
brought from America. A' big resi
dence has been ' taken - for the main
building and sectional huts are being
imported from home to give room for
additional beds. The site is an ideal
one for convalescents. . -l. --.i.
IN ADDITION TO REGULAR VOTES For each club of $25 In new or renewal subscriptions to The Wllmlng- -ton
Dispatch. Offer begins Monday, July 1st, and good until Saturday, July 13th. Another great opportunity of the
campaign. Secure every subscription possible now. Also one of prize ballots in additibn to regular and special votes ;
and make victory certain. Notice and clip coupon from The Dispatch today.
3,000,000 Extra Votes Free
To the candidate securing the greatest amount of collections on new or renewal subscriptions In her respective,
division, datng from July 1st and inclusive of Saturday, July 13th, in addition to regular and special votes of 150
000 for each $25 in subscriptions to . The Dispatch there will be issued a pri2e ballot of 500,000 additional votes;
second greatest amount of collections, 400,000; third greatest amount of collections, 300,000 ; fourth greatest amount
of collections, "200,000, and fifth greatest amount of collections, 100,000. Secure more votes for subscriptions now.
CAROLINA'S FAST-GROWING NEWSPAPER
THE WILMINGTON DISPATCH
ign Department
Telephone Number 219 .
Campa
5 .