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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 08, 1918
Page
7
The New York cotton market rose about 10 points as Liver cables were firmer and rain shortages in the southwest added support. May futures touched 32.04 and October 30.60 with gains of roughly 15 to 24 points from night closes. Spot cotton in New York steadied at 33.20 with quiet trading.
Dry Texas weather and favorable cash accounts support a steady cotton market in New Orleans. Early trading gained 14 to 17 points, with prices closing mostly down 10 to 22 points for March through December contracts.
New Orleans spot cotton stayed steady with sales totaling 2,379 to arrive 158. Prices ranged from low mid dling 30.75 to good mid ing 33.50, with middling at 32.50. Receipts reached 4,777 and stock stood at 455,911.
Liverpool notes quiet spot prices with lower levels across grades. Sales total 4 000 bales including 2 500 American, receipts 3 000 bales including 2 690 American. Futures closed quiet with new contracts March and April and May to June quotes and old contracts with fixed price patterns.
Cotton seed oil market closes quiet with spot and futures listed for March to July. Weather notes show rails strongest, stocks up with steel and Liberty bonds steady as market broadens. Cape Fear river stage and regional farm prices shown for Wilmington area.
Chicago market data March 8 shows hogs 34 000 head with weak demand and price ranges for bulk light mixed and heavy hogs. Cattle 16 000 head with weak demand and price ranges for native steers stockers and feeders cows and heifers and calves. Sheep 16 000 head with weak demand and prices for sheep calves and lambs.
Washington reports the interest rate on loans to Allies increased from 4.25 to 5 percent following higher rates on certificates of indebtedness from 4.25 to 4.5 percent.
Saturday specials from Ed wards Bros. Cor at Sixth and Castle. N. C. Ham 38c, sweet potatoes 45c per peck, should er 36c, best prices. Eg 40c. Full line groceries available. Phone 1910.
Washington reports stark German cost of living data from the Department of Labor. Fifty two point fourteen percent of expenditures go to food as fresh meat remains scarce and imported goods rise in price. Potatoes and substitutes replace grain. jam supplants butter and oleomargarine especially among the poor.
The Senate military committee ordered a favorable report on the administration bill to implement alien draft treaties including those with Great Britain and Canada, authorizing the President to order registration of such aliens.
An investigation was under way to determine the cause of a blaze that ruined the annex and top floor of the Portland Daily Press building in Portland Maine. Publishers, who suffered plant damage nine months earlier, reported receiving threatening letters from German sympathizers.
Washington March 3 tentative steps to reduce the extortionate differential in corn price paid by consumers and received by producers have been taken by the Food Administration. Suggestions have been sent to grain exchanges and corn handlers nationwide seeking opinions on remedies, with an action likely once a plan is formulated. Officials refused to indicate whether the goal is higher farmer earnings or lower consumer prices.
In London a Montenegrin minister in exile, Niko Haidoukovitch, denies plans for a separate peace with the Central Powers. He says Montenegro’s leadership rejected any peace overture and notes a prior offer reaching King Nicholas in France was refused.
Ensign N. V. Krylenko resigns as commander in chief of the Bolshevik army citing differences with the Council of Peoples' Commissars and the council’s latest actions. Berlin dispatch later claimed Gen. Bonch-Brujevitch was named his successor, though unconfirmed by Russian sources.
Advertisement touts Hyomei as a rapid cure for head cold and coughing with two minutes of use and claims it clears nasal passages quickly. It asserts a one day cold cure and relief from snuffies and bad breath within a week, noting eucalyptus origin and easy inhaler use. A full Hyomei kit is sold at druggists and RR Bellamy’s with optional refills.
In Parliament Sir Leo Chiozza Money announced that 200 British built merchant ships of 1600 tons or more were completed last year, totaling 1,607,696 tons. Net losses of ships 1600 tons and up in 1917 were 596, or about 20 percent versus 1916, while actual cargo imports were only about two percent lower. Details cover 54 ships completed in the last three months, with monthly tallies of ship tonnage and standard vessel figures.
John Huffstettler alias John Duncan jailed in Gastonia after failing to post 1000 bond set by U S Commissioner Morris. Following a preliminary hearing he faces trial in April in federal court. Witnesses testified he saw the defendant making silver dollars in October 1906 and that he passed a counterfeit dollar.
J Herbert Johnston declares his run for the office of County Commissioner in New Hanover County with a March 19 primary election. He seeks Democratic voter support and asks for backing from constituents.
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