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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 04, 1918
Page
7
Market notes show prices trading in a narrow range with gains for futures near 31 to 33 cents. Reports cite strong domestic demand and renewed buying as traders eye March contracts and potential highs, with October positions easing slightly. New York spot cotton opens at 33.30 cents.
New Orleans reports dry weather in Texas and strong demand lifting cotton prices. In early trading, prices rose 25 to 27 points, with the close showing a steady advance of 63 to 81 points from the prior session.
New Orleans on March 4 reports spot cotton up 38 points with sales pending. Quotations show low mid at 50.63, middling 32.38, good middling 33.38. Receipts reach 7,003 with stock at 289. Arrivals of 1,157 to arrive and 1,967 to arrive.
Liverpool markets show spot cotton firm with good middling at 23.88 and middling at 23.88, sales 2 000 bales including American. New contracts listed March 24.43, April 24.30, May 24.21, with old contracts around 22.74 to 22.58. Weather forecast for Wilmington: cloudy tonight and Tuesday with possible local rains and slight warming. Cape Fear river stage near 54 feet.
New York traders faced a weak start as reactionary trends reappeared and selling intensified over the weekend. Major losses included United States Steel Union Pacific Canadian Pacific and Marine preferred with declines from 1 to 1 1/2 points. Copper stocks slipped, while some motor and distiller equities inched up about a point. Liberty bonds eased slightly as a broad array of industrials including American Sugar American Can American Car Foundry American Locomotive and others showed varied activity. Local wholesale markets also reflected subdued demand for eggs butter spring poultry and vegetables with prices listed for produce and livestock.
Chicago March markets show corn steady near 1.25 to 1.27 and oats edging higher on export demand signals from St. Louis. Hogs soften provisions with pork prices slipping. cash quotes list corn No 2 and No 3 yellow, oats No 3 white, barley, rye, and hog byproducts at varied levels.
The note lists cotton and naval store prices: Spirits 39 cents, Rosin 5.30 and 5.10, Tar N D Crude 3.50, 3.50 and 2.50. The fragmentary item appears to be a market price column with commodities and rates.
Hogs receipts 53 000 unsettled. bulk 16.30 to 16.80, light 16.45 to 17.00, mixed 16.15 to 17.00, heavy 15.70 to 16.65, pigs 12.75 to 16.26. Cattle 21 000 weak. native steers 8.75 to 14.15, stockers 7.60 to 10.80, cows 6.65 to 11.85, calves 8.75 to 14.25. Sheep 15 000 firm. sheep 10.25 to 13.40, lambs 14.00.
The cotton seed oil market in New York closed ready with spot at 19.60 bids and March at 19.60 May 19.90 and July 20.00. Sales totaled 1,100 contracts.
In Washington on March 4 the United Mine Workers of America filed briefs with the Supreme Court denying that injunctions restraining mine officials from organizing employees at Hinchman Coal and Coke Company in West Virginia had been violated.
An explosion at the George W. strong and Company steel mill in Fort Worth Texas killed two workers and injured several others. Officials investigate a report that a crude bomb in a junk car caused the blast. The two deceased were Mexicans and John McCostan the night foreman was among the injured.
Mrs J L Anderson has vanished from her Morganton home. Search parties, tracks at the lower bridge, and river dynamiting efforts spread across town as her husband J L Anderson, a leading citizen, organizes the effort. The ill mother of five had been in poor health and despondent.
The Woman's Christian Union holds its regular monthly meeting tomorrow at 4 PM at Mrs. F. A. Muse's home 217 North Seventh. The Ladies Auxiliary of Fifth Avenue Methodist meets tomorrow at 3 30 PM after the church lecture. Garden expert Mr Jeffries from Raleigh speaks on city gardens at Hemenway school tomorrow at 9 AM with public invited.
London reports supplementary treaties between the Central Powers and the Bolshevik government were signed in addition to the MEM peace treaty. No Russian confirmation has been received and details are scarce. Some officials infer German operations may continue in Ukraine and Finland while keeping a free hand outside Great Russia.
The guide notes collards grow like cabbage and should be started in early spring. They tolerate heat, are tender with delicate flavor, and form loose rosettes of leaves rather than a tight head. Widely used in the South, blanched leaves are prized. avoid overuse of this essential garden staple.
John attempts to sell a car citing upkeep costs exceeding income. The exchange highlights a common financial strain as he weighs selling the vehicle to cut expenses.
Colonel David L. Brainard former brigadier general in the National Army quartermaster corps has been detailed as military attache to the American legation in Lisbon Portugal on March 4.
An explosion at the Mount Pleasant laundry building in Providence kills three workers and injures four others. The incident occurred today as the boiler erupted, devastating the facility and prompting emergency response.
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