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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 17, 1918
Page
7
New York cotton opens higher as covering and trade buying boost prices amid rain in the Southwest and bullish spot reports. May and other futures rise with October and December near record levels. daily listings show steady close as contracts remain scarce and shipments discussed to ease congestion.
New York spot cotton for March 16 stands at middling 33.80 cents per pound. The market shows ready supply with prices listed for immediate delivery.
In New Orleans, March 16, near months rose 1 to 2 points on the opening, then climbed to 12 points over yesterday. Demand centered on spot and trade orders, with prices finishing 4 to 9 points higher. Spot cotton remained steady with sales of 641 bales and asking prices around 30.75 for low middling to 33.50 for good middling.
Clearing house banks show a reserve excess of 23 315 81 with a weekly drop of 20 847 486 from last week. Notices announce sealed North Carolina bond proposals for 1000000 to 5100000 in permanent improvements dated 1918 with tax exemptions for banks and trusts. sale at 4 percent max yield, bids due April 1.
The cotton seed oil market in New York closes quiet with spot at 206 bid. Trading activity shows sales of 400 bales for March 20 May and July 2025 contracts as of March 16.
Chicago traders saw corn slip after hopes for lower grade contracts, oats dropped to month lows, and a rally sparked by warehouse stock gains faded. Hog prices rose but ignored while pork lard and ribs posted modest shifts. In New York, stock trading showed uneven, driven by freight rate optimism and a Reading high, with Canadian Pacific under pressure.
Mrs G A Williams and daughter Frances return from Wilmington visit. Mrs A Paterson and children and Mrs Nina Nance stayed at Fort Caswell. Mollie Hill returns to Marietta after visiting friends. Mr and Mrs E J Britt go to Greenville for daughter Maude's appendicitis. Mrs James Byrd returns to Wilmington after visiting Pifer family. P R Horne visit Fair Bluff relatives. Oscar Williamson and sister Bessie of Cerro Gordo visit Edna White near Chadbourn.
The American Library Association launches a nationwide books drive starting tomorrow to supply reading material to soldiers and sailors at home and abroad with school children mobilized to aid the collection.
An advertisement touts Miller's Antiseptic Oil as a universal remedy for rheumatic and neuralgic pains, lumbago and sore joints, plus internal use for coughs and throat ailments. It claims rapid, penetrating action, guarantees satisfaction, and offers bottles priced 25c to $1.00 at Robert R. Bellamy Drug Co.
State of North Carolina New Hanover County Superior Court action for absolute divorce on grounds of adultery. Defendant Elizabeth Mason must appear at the April 1 1918 term in Wilmington to answer or demur to the complaint. plaintiff seeks relief. Filed February 1 1918 by Clerk W N Harriss.
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