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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 01, 1918
Page
7
Reports from Texas and Texas weather affected cotton trading as prices edged higher and then eased. Trading showed limited losses with rains in Corpus Christi and San Antonio helping to curb declines. Futures rallied on buying and covering while spot cotton in New York settled around 32.70 per pound.
New Orleans March 1 Spot cotton showed a rally of 12 points, but opening trading saw heavy selling from trade interests and rains in Texas. By the half hour, prices were about three points down from yesterday’s level, with a closed steady tone. Low middling and middling prices listed at 32.00 and higher qualities quoted. receipts 2,285, stock 454,990.
Liverpool on March 1 reports spot cotton prices higher with good middling at 23.81 and low middling around 22.29, sales 2,000 including 1,400 American. Reports note futures closed steady with March 24.20, April May and June contracts listed. old contracts fixed at 22.66 and 22.57 for March-April.
Unsettled conditions tonight bring local rains and clearing with moderate winds from the north. Cape Fear River at Fayetteville reports 6.5 feet at 8 am. Saturday outlook references Weather Bureau reports.
Wholesale price list shows scarce spring chickens beef and cabbage among goods offered. Prices for potatoes onions and peanuts listed with regional items from North Carolina and Virginia. Wilmington naval stores receipts include rosin tar and crude with price points given.
Wall Street opened with more declines than advances as trading began. St Paul common rose notably while preferreds fell about 11 points. United States Steel edged up after a dividend adjustment, and several major issues including Bethlehem Steel and General Electric moved higher in quiet dealings. Liberty bonds showed strength amid a broad list of fixtures in industrials and utilities.
Hogs 42 000 head. unsettled bidding. Bulk 16.00 to 16.45, night 16.00 to 16.75, mixed 15.85 to 16.80, heavy 15.70 to 16.35, rough 15.70 to 15.90, pigs 11.50 to 16.25. Cattle 9 000 head. steady. Native steers 8.85 to 14.50, stockers and feeders 7.60 to 10.85, cows and heifers 6.70 to 11.90, calves 9.00 to 14.50. Sheep 14 000 head. steady. Sheep 10.25 to 13.25, lambs 13.75 to 17.35.
Chicago March 1 trade in corn futures nearly halted as U S Food Administration plans to export 800000 to 750000 bushels daily until March 10. May corn holds at 1.27 while oats firm with limited arrivals. Cash prices show No 2 yellow corn around 1.87 and No 3 yellow 1.72 to 1.68 with other grains listed.
The cotton seed oil market closed quiet in New York with spot bids at 19.60 and March at 19.60. May 1995 and July futures noted with sales totaling 709 units.
Washington March 1 announces ten speaker groups of three or more to tour multiple towns in early March. Each party includes a veteran who served in France and a woman. Three itineraries are set for March 4 covering the Richmond, Atlanta and Dallas Federal Reserve Districts to support publicity and campaign work before the April drive.
In a stance attributed to Chicago News an editorial argues resources should be redirected away from musical comedies and other nonessentials toward winning the war against Germany. The piece frames cultural spending as secondary to national victory.
The death of Mrs A L Goodrich from typhoid fever occurred Friday morning at 1916 Woolcott Avenue. Her body was sent to Benson N C for interment late Friday afternoon. She is survived by her husband and two small children. Parents Mr and Mrs J C Barbour live in Clayton. She had resided here about a year and made many friends.
Firefighters were dispatched at 6728 Friday morning to a one story home at 314 Dawson Street owned by Franklin Smith. A defective flue caused the blaze in the residence of Ellis Farrier, but quick action by the department prevented serious damage.
West Raleigh March 1 Special to The Dispatch state college students due to bad weather have not drilled enough hours but now train two afternoons weekly with regular sessions Monday Wednesday Friday mornings. Over 500 men have joined military service as the registrar E B Owen canvasses graduates. The college bookstore moved to Primrose hall and added a lunch counter a soda fountain and a smoking room under manager John Ivey. Many seniors plan to enter service after graduation in June.
Maj. W. A. Graham, commissioner of agriculture, seeks relief for farm labor strain after his Washington visit. He supported extending the selective draft and opposed importing workers to fill farm jobs. Washington talks reflect former Confederate service and wartime farm return plans being considered by Congress.
Special to The Dispatch Winston-Salem March 1 farmer gains from War Savings and Thrift Stamps as he lends to the government to fund food and clothing for soldiers. Stephenson compares state wealth, notes NC farm wealth per capita lags behind Iowa and Oklahoma and predicts farmers will profit four percent investments while supporting the war effort. A foreclosure sale notice and stockholders meeting notice appear in this edition.
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