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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jan 03, 1918
Page
3
Opening cotton trading shows prices 4 points above prior session with January and March futures edging up. Volume light as buyers stay cautious. October contracts show strength with gains. Prices traded unevenly across grades and months, closing around mixed levels amid early market activity.
Market prices for eggs butter spring chickens potatoes cabbage wool bees wax tallow hides and other goods are shown with various figures and ranges. The fragmentary list includes items such as Irish potatoes cabbage and winesap apples with unit prices and bundles, hinting at a rural commerce page.
Raleigh report notes Collector Bailey and Rev Davis in a New Year push on liquor issues. Bailey cites internal revenue data showing rising seizures from 1911 to 1917, estimates 3500 illicit distilleries, and argues high booze prices spur illegal manufacture amid scarce local enforcement.
New Bern endures extreme cold with a growing fuel shortage and risks of frost. Mayor Clark reports limited wood relief for those in real need while warming measures are discussed. A frozen Neuse River and halted oyster supply compound hardships. a local death near Pollocksville adds to the grim picture.
The market reports show spot cotton idling at 2.70 dollars in New York with Jan and CoTTon fixtures referenced, indicating a quiet trading day and firm prices.
Spot prices stay firm with good middling around 25.00 and low middling near 21.47. American cotton leads sales of 2,100 bales while futures show narrow moves through January to June with fixed price ranges and scattered bids.
Trading in New Orleans cotton stayed mixed as profits and expectations influenced prices. Reports indicate a cautious mood with modest declines and lingering bullish sentiment for the end of December.
Jan 3 report shows spot cotton up with sales at 2.960. Prices quoted low middling around 20.0%. Seed middling listed. Receipts 6,428 and total stock at 365,290 as of the period.
The report notes varied livestock receipts with hogs ranging 12.00 to 16.45 and mixed weights. Cattle entries show steers 7.50 to 13.50, stockers and feeders varied, cows and heifers 8.50 to 16.00, calves 8.50 to 16.00. Lambs bring 18.25 to 22.00 with overall weak demand and total receipts around 21,000.
Turpentine firm activity in Savannah on January 3 shows sales at 165 units with 12 shipments and 26,480 in stock. A separate firm records sales of 879 and receipts of 1,330 with stock at 84,676. Various coded quotes and numbers follow, including references to letters and abbreviations.
The report notes suspended rail ids and freight losses while a bullish tone ripples through the corn market with January and May futures moving higher. Hog receipts weaken and warehouse stock data influence market signals as cottonseed oil shows strength in New York.
Civil engineer J. L. Becton completed a new city map drawn to about 500 feet to the inch, 34 by 60 inches, detailing the water front docks wharves and river sites for shipbuilding and industry. Ordered by the City Council at the Chamber of Commerce request, it will be reproduced for a spring city promotional booklet as a replacement for the 1913 map.
George Mills, a colored man and Cheek's poolroom employee, was taken into custody by Constable John H. Davis on larceny charges for allegedly taking a watch and chain from Geneva Rhodes, who says Mills lives at 204 North Tenth Street. Mills claims Rhodes gave the watch for repair. Rhodes denies this. Mills faces trial by Recorder Barris tomorrow.
Creditors petitioned to place the Wilmington Pepsi Cola Company in the hands of a temporary receiver, citing sugar scarcity and rising flavoring extract prices causing operating losses. Judge W P Stacy signed the order naming J C Wagner as temporary receiver, with a show cause hearing set before Judge C C Lyon on January 14 to decide on permanent receivership.
The Federal Farm Loan Board released its first annual report outlining key reforms. It urges continuing loans through Farm Loan associations for another year, doubles the maximum loan per borrower to 25000, and proposes farm loan bonds in 20 and 400 denominations. It also calls on Congress to authorize the treasury to issue 100 million in bonds to offset capital withdrawals from the farm loan market.
London January 3 official announcement that compulsory rationing will be implemented in England soon after cabinet sanction. Food Controller Baron Rhone-da said a rationing plan was completed, with distributing issues blamed for shortages among the poor rather than a lack of supplies. Unions demanded compulsory measures citing unfair distribution and a crisis warning at the recent labor congress.
There were no cases on the docket of the Recorder's Court this morning, so no session was necessary.
A large shipment of rubber boots just arrived at Peterson and Rulfs for immediate sale. Adv.
Newport News January third. Soldiers say two men died after guards at Camp Stuart and the government piers were frozen. One was a cavalryman on guard duty Saturday night and the other on the piers Sunday night. No official report available.
Richmond reported postponement of the preliminary hearing for Dr. Lemuel J. Johnson charged with murdering his bride Mrs Alice Knight Johnson as prosecutors seek time for 19 witnesses. Separate testimony in the Chamberlain murder case detailed alleged business deals and schemes over farm property and notes that helped motive the killing.
Federal Trade Commission heard testimony from W. S. Allen of the Amil Shoemaker Company accusing the American Agricultural Chemical Company of trying to force price fixing. Allen says the firm declared war after Shoemaker refused, costing the company about 2000 dollars.
The Javestis releases a Bolshevik pamphlet from German lines denouncing Central Powers peace terms as lies. It accuses Germany of recruiting forced labor and shooting hunger strikers in Poland and Lithuania, and says Germany aims to control Courland and impose Austrian rule while subjugating Russia. It asserts the Russian workers' government cannot negotiate on that basis.
Private Georgce W. Hecker of Birmingham is imprisoned at Camp Wheeler with a desertion record and a claimed plot to incite desertion among troops. Hecker, described as German, allegedly sought five men to join a Mexico expedition and attempted to obtain funds from a Birmingham German sympathizer.
An argument arises over whether blisters can be produced on the skin by a hypnotic suggestion. The claim is attributed to a renowned English surgeon.
Delegates from Ukraine arrive in Petrograd and press for an answer on when the Constituent Assembly will open. A conference of non Bolshevik parties, excluding the left Social Revolutionists, proposes opening the Assembly once one third of the membership is in Petrograd.
President Wilson plans to address Congress on the railroad situation tomorrow in a roughly one thousand word speech. He will outline specific recommendations for legislation to enable government operation of railroads and intends broad advance publication.
Tucson dispatch reports two Americans dead in a Yaqui attack. Victims identified as H. J. Poe of Los Angeles and Miguel Martinez of Nogales Arizona. Authorities investigate the incident and pursue suspects.
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