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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Aug 08, 1918
Page
7
The cotton market opened with renewed selling but buyers absorbed the early decline. Prices bounced after reports of crop deterioration in Georgia and Texas, with October advancing to 27.90 cents and January to 27.43 cents before easing near last night’s close.
Spot cotton in New York priced at middling 31.45 cents per pound. Market activity described as quiet with little movement on August 7.
The cotton market opened with prices down 26 to 36 points in New Orleans trading amid reports of new bases in Alabama and central belt districts. by midday selling eased and prices finished the half hour 18 to 32 points higher as the market closed steady.
New Orleans spot market reports millet unchanged with sales of 254 bales to arrive 83. Prices: low mid dling 25.00 middling 28.75 good middling 30.75. Receipts 671 stock 280,492.
Chicago markets rallied as the government crop report came in. Corn and oats climbed with September corn at about 1.61 to 1.62 a bushel and hogs pushing cash prices to a record, while pork and lard futures and rib prices also rose.
In New York on August 8 cotton seed oil markets showed no quotations and minimal trading activity, leaving price levels and bids unchanged as buyers and sellers await further direction.
Local thundershowers this afternoon or tonight. Friday partly cloudy with little temperature change. Light variable winds. Cape Fear river stage at Fayetteville 8 am yesterday four feet. Friday sunrise 6 08 am sunset 5 30 pm.
The article notes peaches ripened by high tension electricity discharged directly onto the fruit, a process invented in England. It adds that more small towns in Norway use electricity than in any other country, proving the abundance of water power.
Sumatra Tobacco leads an otherwise muted bull start in New York trading, with small gains in several major issues. Copper and rails retreat on war board price limits, while trading becomes more active into the first half hour as dealers weigh mixed signals from key industrials and utilities.
Chicago live stock market shows hog receipts at 16 000 with prices 10 to 15 cents higher on top grades and slower otherwise. Hogs top at 20 05 with various classes ranging 17 75 to 20 10. Cattle receipts 10 000 with market very slow except best grades. Sheep receipts 16 000 with steady to strong opening, feeders and breeders firm to higher.
Turpentine firm 54 reports sales 366 and receipts 143 with shipments 23 and stock 27 7/8. Rosin firm 1471 sales 664 with shipments 70 and stock 80 911. Market quotes range from B 10.10 to WW 12.00 with several grades listed.
New York on August 7 reports cotton seed oil activity with price movements and market interest from producers and traders. No price quotes provided in the fragment.
Spot quiet with prices easing for good middling to ordinary levels. Sales reach 1,000 bales including 500 American. receipts show none. Futures closed barely steady with August at 21.48 and December at 20.42.
New York spot cotton remains quiet on August 8 with middling grade at 31.15 cents per pound.
A report quotes a speaker claiming Greece seeks an end to the chance of a predatory policy by Bulgarians and notes Greek forces on the Macedonian front resisting Bulgarian atrocities. The remarks portray ongoing wartime tensions involving Greek, Romanian, and Serbian populations and Greek reprisals against Bulgarian actions.
Stockholm reports a Russian declaration that a state of war exists with England. Pravda says Russia must ally with Germany to fight former allies. Leon Trotsky allegedly orders that France, Britain, and Czechoslovaks are enemies of Russia.
The text argues the Allied advantage grows monthly as U S and Allied forces strengthen for a planned spring 1919 push. It contends German munitions shortages and morale woes hinder their positions while Foch can leverage accumulated supply lines and improved troops to force German retreat.
The article discusses a demand for Wilson to assume control of stockyards nationwide. It argues that dismantling the underlying evils of conspiracy, control, monopoly, and restraint will expose and break the structures of transportation, marketing, and storage dominance in the meat industry.
Forty six members of the early cap ete tot were indicted into the army by the city draft board and entrained this afternoon. Forty three go to Camp Wadsworth in Spartanburg and three to their local boards. A short training session followed under J A Taylor and Fred W Dick. Fifty five registrants are summoned to join the first journey to Kaiserland. Vernon Kerr to Camp Wadsworth and 221 colored registrants to Camp Greene are scheduled for August 22 with priority given to the 1917 crop as needed.
American Ambassador Francis and allied representatives left Archangel after visiting Kandalaska Russian Lapland. Vessels they arrived on had flown the red ensign of the soviet republic but now fly the old Russian colors with the volunteer crew's consent due to sympathy for the new northern government.
Front reports a French British combined attack from Albert to Montdidier at dawn with 40 to 50 km of front. Victories recorded quickly as troops, tanks, and artillery entered battle near Morisel Moreuil Cerisy Gailly and Demuin Aubercourt while German resistance held in places.
Col Kirkpatrick argues for the Charlotte to Wilmington highway citing Lever’s wartime gains for South Carolina and NC tax disparities. He says the route would serve military supply lines, port expansion, and future development, urging immediate convention action. Whitlock and Cowan press for swift adoption by federal, state, and local cooperation.
Funeral services for the 18 month old baby of Mr and Mrs H A Willoughby of East Wilmington, who died yesterday at noon, will be held this afternoon at 5 o clock. Interment will follow in Oakdale Cemetery. Sympathies are extended to the family.
The document outlines that road projects must be limited to essential goods and national value during the war. Construction on roads not meeting these criteria should be halted. Proposals must go through highway councils and state commissions, with programs planned for 191%. Data collection will precede next year’s state plans for road work.
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