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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 25, 1918
Page
7
March 2 report from New York shows weak selling in May and October futures with declines to around 30.50 to 30.68 during early trading. Cotton futures closed steadier with May and October rallying, while spot cotton in New York stood at 34.25, reflecting a firmer tone by day’s end.
New Orleans March 25 war news drove prices down about 9 to 46 points at opening, but buyers supported the market. By the end of the first half hour prices stood 15 to 25 points above the early low, signaling a partial recovery.
In Liverpool on March 25 cotton spot markets show steady demand and firm prices with good riddling at 24.80, middling 24.28, low riddling 23.75, good ordinary 22.75, ordinary 22.28. Sales total 6,000 bales including 4,000 American. receipts 30,000 bales including 27,700 American. New contract prices for March 24.46, April 34, May 24.24, June 24.12, July 00. old contracts fixed at March 22.93, March-April 22.84, April-May 22.76, May-June 22.68, June-July 22.60.
The New York cotton seed oil market closed quiet with spot trading at 1973 bid for March 1975 and May and July 2000. Sales total 200.
The report lists prices for spirits at 39 cents, rosin at 5.50 and 5.20, tar at 2.90 and 0.12, crude at 4, 4 and 3.00. The figures reflect commodity quotations likely from a local exchange or market summary.
Fair tonight and Tuesday. Not much change tonight and Tuesday. Moderate northwest to north winds reported by Weather Bureau.
A scanned price list shows steady to scarce supplies across farm goods. Eggs butter and spring chickens appear limited. beef dressed, Irish potatoes, cabbage, onions, apples Winesap, and oranges listed with varied per unit or per bag prices. проч
Chicago reports moderate declines in corn values as stocks weaken in New York. Opening prices fell 1 8 to 1 2 cents with March at 1.273 4 and May at 1.255 8 to 3 4, then a partial rally occurred. General commission house selling pushed down oats while provisions and hogs softened alongside grain.
Hogs receipts 7000 weak with bulk 17.10 to 17.55 and pigs 12.15 to 16.70. Cattle receipts 5000 weak native steers 9.50 to 14.40, calves 10.50 to 16.00. Sheep 18000 weak with lambs 14.70 to 18.65. Grain and provisions show mixed open closes in Corn Oats Pork and Lard. cash prices listed for corn oats rye barley timothy clover and pork products. Stocks drift lower on early trading with widespread war-sent selling affecting rails, oils, and metals. numerous major issues cited with bid/asked levels.
The American steamship Chattahoochee of 5088 tons net was sunk by a German submarine off the English coast. Forty torpedoes and four hits were reported. 76 crewmen were landed safely. The vessel, formerly the Sachsen of Hamburg Atlantic line, was seized by the United States at entry into the war and built in 1911 at Belfast.
On the Toul front American artillery shelled German positions through the night and enemy batteries fired gas shells. Photographs from airplanes showed the damage caused by American fire. The Charleston, South Carolina lieutenant who took a prisoner in a listening post led the patrol, and he and all its men received 10 days leave in recognition of their services.
Washington reports German claims that American troops fought on the British front in France were not confirmed. Officials indicated only engineers of special units had been attached to British forces, with no sign of broader American participation.
The Hague report describes US assurances that seized Dutch ships are not permanently taken. The vessels are used temporarily, with liberal charter rates, and return planned by war’s end. Owners may choose payment or replacement after the conflict, with interest and preserved crews under US care until repatriation.
Allied military missions estimate that on the West front the Germans are losing at least 100,000 men each day. The deduction follows from Germanys massed attack plans the number of troops used and the strength of Allied resistance.
British and French troops continue heavy combat on the Somme front with key actions at Bapaume Peronne and along the Transloy Combles Maurepas line. British aviators down 54 enemy planes while bombs fall in Mannheim as Berlin cites Franco American aid with unclear units.
Berlin reports violent artillery exchanges near Ham and Peronne with Chauny amid claims of 30 000 prisoners. Elsewhere British front shows little action while French and American sectors see limited activity as the war continues along the Chemin Des Dames and in Alsace. The Dutch cabinet reportedly rejects an Allied offer of foodstuffs in exchange for shipping access.
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