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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 18, 1918
Page
7
Strong buying by trade, Liverpool, and commission houses lifted May and July futures to new season records. Texas dry spell spurred new crop interest as prices surged in early trading before closing firmly. Local market notes and Chicago grain and stock summaries accompany the report.
New York spot cotton remains steady at middling 34.30 as of March 18 with prices unchanged.
Cotton market in New Orleans rises as dry Texas weather and Holland ship developments boost demand with Liverpool among buyers. March contracts reach new highs around 32 cents while spot cotton also climbs to 32.63 middling with steady buying and arrivals.
Liverpool reports spot cotton quiet with prices steady led by good middling at 417 and middling 23.65, sales 4 060 bales with 2 20 American. Receipts 16 000 bales incl 3 00 American. Futures closed steady with March to July contracts ranging 24.24 to 28.92 and fixed price old contracts.
Fair tonight and Tuesday with warmer Tuesday. Winds gentle to moderate and shifting to the south. Stage of water at Fayetteville yesterday 5.0 feet. Tuesday sunrise and sunset times are noted. Weather Bureau Reports provide the observed conditions.
Chicago reports March 18 hogs receipts 66 000 with broad price ranges from 13 50 to 17 75 for pigs and 16 00 to 17 70 for mixed hogs. Cattle receipts 26 000 with steer and feeder bids 8 26 to 14 50 and calves 10 50 to 16 50. Sheep receipts 17 000 with ewes at 7 10 to 12 00 and lambs 14 50 to 18 30.
The cotton seed oil market ended quietly in New York on March 18. Spot bids stood at 19.85 with March at 19.85, May at 20.00, and July at 20.10. Sales reached 200 barrels.
Tiny Johnson aged 74, mother of former heavyweight champion Jack Johnson, died at her Chicago home. Johnson, then in Buenos Aires, was convicted in 1913 for Mann Act violations and fled, losing wealth. the Wabash Avenue house later showed signs of financial decline with a “Boarders Wanted” sign.
Colonel J C Miller here to work with Mike Collins manager for Fred Fulton on July 4 boxing match with Jess Willard. Miller hopes to settle all details this week, possibly excluding the site. A prior offer of a $105000 purse was made by a New Orleans promoter. Willard at home expresses satisfaction with progress.
Reports of grave disorders in Lee county oil fields led to an appeal to Governor Stanley to suppress them. officials denied the claims at Beattyville on March 18.
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