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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 06, 1918
Page
3
Brief market summary notes cotton prices and marine weather outlook. Reading appears from a historical page with scattered figures and period voice. Names and exact figures are unclear but reference to cotton and weather context is evident.
March 6 reports show cotton futures easing after early declines amid notes of weaker technicals and potential British freight constraints. New York and New Orleans spot prices fluctuate with mixed signals, while industrial shares rise on gains from Lackawanna Steel and Republic Iron amid broader market tension.
New Orleans on March 6 reports spot cotton firm and unchanged with sales on the spot totaling 1,637 and arrivals 1,015. Prices quoted include low middling at 30.75 cents, middling 32.50 cents, and good middling 33.60 cents.
Liverpool on March 6 reports spot cotton steady with firm prices. Good middling 24.48 cents, middling 24.28, low middling 24.10, good ordinary 22.75, ordinary 19.3. Sales 3 000 bales, including 180 American. Receipts 31 400 bales as American. Futures closed weak with new contracts March 24.36, April 24.11, May 24.01, June 23.90, July 23.78. Old contracts fixed prices March 24.03, March-April 22.94, May-June 27.8, June-July 22.70.
Chicago reports corn futures opening near yesterday's close with a firm but narrow range as weather favors demand. Oats rise on scarce offerings while hog values lift pork and lard prices. cash market shows mixed grain and animal product quotes with corn No 2 yellow at 0.3 above baseline.
Chicago market data for March 6 shows hogs 27 000 strong with bulk 16.40 16.90 light 16.70 17.25 mixed 16.20 17.15 heavy 15.75 16.75 rough 15.75 15.95 and pigs 12.50 16.50. Cattle 10 000 steady native steers 8.60 14.10 stockers and feeders 7.70 11.25 cows and heifers 6.60 11.75 calves 8.50 14.50. Sheep 8 000 firm sheep 10.50 13.50 lambs 14.25 18.00.
Paris dispatch reports German officials deny knowledge of American troops on the Western front. Prisoners and officers newly captured claim a division exists and will never be more, though the German stance remains that Americans are not present.
The cotton seed oil market closed quiet in New York on March 6 with bids and prices shown. Spot 19.60 bid, March 19.60, May 19.90, July 20.00. No sales recorded.
Washington March 6 Conferees on the administration railroad control bill approve a 21 month limit after peace is declared and plan to settle final rate making issues tonight Senator Smith leads the Senate managers and indicates progress on rate questions The compromise preserves both Federal and State provisions and outlines President and ICC roles in rate settings under a mixed plan with authority to initiate or request rate changes.
Washington reports administration managers of the War Finance Corporation bill discuss concessions to win support. A substitute for the capital issues committee would strip its veto power but require committee recommendation on issues of 100000 dollars or more and drop enforcement penalties for violations.
Washington March 5 new general decorations for American soldiers were ordered by the War Department including the distinguished-service cross and medal, war-service and wound chevrons. Women are eligible for both cross and medal. The D S Co bronze cross with ribbon replaces the cross of honor for heroism outside the Medal of Honor. Mrs Amy Pomeroy receives the Order of the British Empire for aiding her husband in perfecting a bullet said to curb Zeppelin threats.
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