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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Dec 31, 1917
Page
3
The New York cotton market opened firm with buyers placing many orders after a holiday. Prices edged up to 30.73 for nearby months before retreating to around 29.75 as the first hour of trading ended, with strong activity and varied demand from Southern holders and traders.
Eastern markets report record cold with rivers frozen and coal and food movement hampered. City firemen faced a heavy spell as fires surged past 300, many from defective gas and oil lines. Florida and Gulf Coast states saw frost damage and warnings to truckers while Nashville and New Orleans logged subfreezing temps. Memphis faced worsening coal shortages amid heavy snowfall and moderating forecasts for tomorrow.
New York cotton market reports a slight drop with spot cotton at 21.75 as of December 41, reflecting subdued demand and steady trading conditions in the late session.
In New Orleans on December 31, cotton futures rose in early trading as favorable sentiment and strong demand expectations supported prices. The market moved 18 to 25 points higher than Saturday’s close within the first half hour.
Spot cotton in New Orleans closes unchanged as sales total 1,779 on iSpot for arrival 125 Low middling 29.25 middling 30.13 middling 3.63. Receipts reach 16,044 with freight and 960,559 bales on hand.
Chicago live stock reports show hogs at 29,000 receipts with broad ranges from 11.15 to 17.00 for pigs and 16.25 to 17.00 for heavy hogs. Cattle receipts at 11,000 with native steers up to 14.25 and cows and heifers to 11.35. calves to 16.00. Sheep receipts 9,000 and firm with wethers up to 15.15 and lambs to 16.80.
The New York cotton seed oil market closes quiet with no spot trading. Futures quoted January 19.20, March 19.50, May 19.60, with no sales.
Mr. R. L. Mason of Middle Sound aged 90, reputedly New Hanover's oldest citizen, died at his home yesterday morning. Survived by his wife and four sons E T L J C R and J T Mason, all in the county. Funeral from his residence at 1 PM to Prospect church burial ground.
On the Cambrai front near La Vacquerie the British have recovered part of their lost territory. The war office reports heavy British losses but indicates ground has been regained as of December 31 from Berlin.
The bulletin notes general snowfall across eastern Arkansas northern Mississippi and western Tennessee extending to Helena Arkansas. Warmer weather expected tonight with the coldest reading at 18 degrees above freezing.
The article argues that small, well managed farms yield more with better seeds, beds, tools, manure, and labor. It warns against wasteful farming, urges education by government and railroads, and calls for scientific methods to raise yields like one to three bales of cotton and 100 bushels of corn per acre.
Maurice P Bradford faces first degree murder charges in Laconia New Hampshire for the June 28 killing of Miss Alice Black Richards head teacher at the New Hampshire School for Feeble Minded. Bradford pleads not guilty by reason of insanity.
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