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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jan 09, 1918
Page
3
Local market items list prices for butter beef Irish potatoes greens onions and produce. Naval stores receipts and tar prices are noted alongside cotton market figures and oranges winesap apples and peanuts with assorted per unit costs.
The New York cotton market opened steady with gains on overnight paying orders and new high records for current deliveries. January reached 39.95 and March 31.72 with nearby futures up 12 to 18 points before a round of profit taking and hedge liquidation as government gin ning figures showed 10,47,401 bales ginned by January 1 and about 215,000 bales for the period.
New York spot cotton quotes show middling at 33.30 with quiet activity. Referenced figures include closing values around 31.54 to 31.99 for listed grades and nearby months, with various highs lows and settlement notes in early January trading.
New Orleans January cotton prices opened with gains as ginning returns exceeded expectations. The front months rose 28 to 49 points from Monday’s close, mirroring firmer tones seen in other markets yesterday.
New Orleans spot cotton closed steady with a rise of 23 points amid firm bids. Early sales show low middling around 25 cents, middling near 21.13 cents, and good middling about 31.63 cents, with receipts at 6,238 and stock at 385,902.
Chicago January 9 corn prices strengthened as traders priced in potential peace talks. Opening quotes showed gains from a light drop to 14 cents with January at 4.27 1 8 and May at 1.53 8, led by a general uptick.
The report lists cash prices for corn yellow No 2 and No 4, yellow No 2 at 1.81 and No 4 at 1.65, white No 5 at 1-4 to 81 1-4, stan red 1 to 82, No 2 rough 1.83 to 1.85, fly 138 to 1.58, timothy 5.00, lower 21.00 to 27.00, pork nominal 24.17, ribs 23.37 to 24.00.
The Savannah firm reports January sales 14 with receipts 312 and stock 26 506 for naval stores. Rosin firm shows sales 692 receipts 1278 shipments 500 and secare 87 787. A quoted sequence lists letters B through H with prices ranging from 6.121-2 to 7.60 across various grades.
Chicago hogs receipts reach 20 000 with slow demand and higher closing prices across grades. Cattle receipts total 10 000 with mixed to strong demand for native steers stockers and feeders cows and heifers and calves priced up to 15 50. Sheep receipts 5 000 with wethers and lambs advancing to 13 35 and 17 75 respectively.
The cottonseed oil market ends a quiet session in New York with spot prices noted for January at 19.85, March at 19.95, and May at 19.98.
Delegations from Fayetteville and Raleigh urged the War Department to locate a cantonment for the Ordnance Corps in their area. Secretary Baker declined to commit, saying only that the General Staff is studying sites and will review the report. A decision is expected soon on where to train about 16 000 ordnance troops.
A contemporary piece argues that a kitchen can function as a base of supplies or as alien aid depending on one’s practice of food economy and conservation, urging mindful use of resources.
Wall Street opened higher on lighter selling as investors weighed the President's message. Industrials led gains with steels motors and oils up one to three points, rails up one to two, while Liberty bonds held flat amid general optimism.
Mr J Holmes Davis treasurer receives a letter from Mr Ral Bell secretary of the Halifax Relief Committee in Halifax Nova Scotia acknowledging a $33.05 check from New York, bringing the relief fund total to 900 dollars for local sufferers. The committee thanks the donor and his organization for their thoughtful contribution.
London papers crown President Wilson's speech as a guiding peace document. The coverage pairs his points with Lloyd George's address, noting close agreement on essential policy though some differences in tone. Papers cite Wilson's sympathy toward Russia while Britain notes American no equal Russian collapse.
Madrid reports a mutiny aboard Portuguese naval units including the Vasco Da Gama and Douro prompting bombardment of Lisbon forts. The government under Dr Paes restored order after three days of fighting that left several dead and hundreds wounded. A new republic was formed with Paes and Machado, amid shortages and rising prices.
An automobile delivery of the Wilmington Steam Laundry struck a city buggy driven by Mr. A. L. Howard acting city engineer on Second Street near Market Street, demolishing the buggy while Howard was unharmed. It follows a string of near fatal incidents including a steam near scalding at the power house and a near freezing ordeal ten days ago. Howard is recovering from frost bite and friends hail his survival.
Wealth and Welfare in North Carolina, the UNC North Carolina Club’s second year book, includes 24 articles by students on the state's social and economic welfare. Foreword by Prof. E C Branson, with inquiries on wealth sources, per capita totals, and civic uses. free in-state, 25 cents elsewhere.
The War Department plans to rehabilitate wounded soldiers by teaching limbs and faculties lost in shell fire to function in clerical roles for civil life. Tubercular patients from forces abroad and at home will be classified at Otisville New York, with others sent to the Azalea North Carolina Sanitarium Denver or Camp Byrd.
The Y W C A board of directors will meet at the association building tomorrow at 10 30 in the morning. Members are urged to attend in full.
Boston Massachusetts January 9 1929 drastic measures to conserve fuel and light set single statewide hours opening at 9 am closing at 5 pm and theatres bars and all places of amusement to close by 10 pm issued by James J Storrow fuel administrator for New England and Massachusetts.
Effective January 10 1918 the practice of making Pullman reservations and parlor car reservations will be discontinued. Persons desiring such accommodations must purchase tickets at the time of applying for space. Atlantic Coast Line Railroad Company and Seaboard Air Line Railway Company announce the change through their general agents.
Southern Railway announces the Winston-Salem Morehead City Beaufort Sleeping Car Line will be shortened to Winston-Salem Goldsboro Line effective with the last cars into and out of Beaufort Sunday August 12. Cars will continue on trains 232 112 and 111 287. For details contact Southern Railway agents or J O Jones Raleigh NC.
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