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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 07, 1918
Page
10
Cotton and stocks move on shipping risk rate changes and dry Texas weather. Prices fluctuate with spot and futures amid insurance cost shifts and market uncertainty, while New Orleans reports steady spot prices and improved weather outlook.
Liverpool ports report spot cotton prices down across grades from good middling to low middling with 2,600 American sales and 1,000 bales received. Futures close unsettled with old contracts at fixed levels.
Reported very cold night with forecast of fair weather Friday and variable winds. Cape Fear river stage at Fayetteville was 6.8 feet yesterday and rising. forecast discussion from the Weather Bureau notes water level changes and local conditions.
Chicago hogs and cattle prices shown with bids and ranges. Hogs 33,000 head with lighter and heavier cuts quoted from 16.00 to 17.60, cattle receipts 14,000 with native steers 8.60 to 14.10 and cows 6.60 to 11.25. Sheep and lambs traded 10.75 to 18.05.
The cotton seed oil market in New York closed quiet with spot 19.60, March 19.60, May 19.90, and July 20.00 bids.
Liverpool March 7 The local committee of the Cotton Association announced no allotment will be made this month of freight space for cotton due to more urgent shipping claims. The government plans to provide enough tonnage later to meet cotton trade needs at a reduced consumption rate.
The report details executive and publicity committees with chairs including Mr J A Taylor and Mr Roger Moore. Dr Guy E Snaveley described committee duties and the rapid growth of Red Cross work from three societies to 140 in the state and highlighted Wilmington’s eight year old chapter with a sanatorium.
London reports the German advance into Russia paused briefly then resumed to push toward lines between Jamburg and Goloff east of Lake Peipus. Petrograd dispatch says banks reopened property of landlords restored and other old regime conditions returning in towns occupied by Germans.
The central executive committee of the Soldiers and Workmen's Council urges delegates to the Moscow Congress to ratify the peace with Germany. Izvestia reports the move as recognizing the peace terms as the work of political bandits, yet necessary to give the social revolution a respite.
On Sundays reduced service applies with a half hour schedule in the afternoon. The BPM freight timetable notes transfers on Tuesdays Thursdays and Saturdays only.
A Wilmington Red Cross meeting in the Murchison Building heard the nominating committee report reorganizing the local chapter. Archdeacon T. P. Noe presided as directors accepted the report naming H. C. McQueen as chairman and E C officers and committee heads including Mrs. S Mendelshon secretary and W H Sprunt treasurer.
A notice by J Herbert Johnston declares his candidacy for County Commissioner in New Hanover County with a primary election set for March 18. The announcement appeals to Democratic voters and asks for support.
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