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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 26, 1918
Page
7
On York March 26 the New York cotton market opened steady to higher on overpool buying and covering but soon retreated with liquidations. May traded near 32.70, July around 32.80, October about 31.04, before a late firming as trade buying returned.
New York spot cotton closed quiet with middling grade set at 34.25 cents per pound on March 25, reflecting a stable market as traders await further guidance.
In New Orleans March 26 the cotton market opened irregular with near months down 3 to 6 points while distant months showed slight gains. Traders cited overseas uncertainty as the main factor and a late impulse boosted prices to a net advance of 11 to 3 points after the first hour of trading.
New Orleans March 26 spot cot ton quiet and unchanged. Sales on the spot 300, to arrive 200, low middling 51.75, middling 33.50, good middling 34.50. Receipts 5,796, stock 459,106. Cotton closed steady with May at 32.90, July 32.23, October 31.10, December 30.86, January 30.73.
Liverpool March 26 cotton market shows spot values steady while prices ease. Sales reach 6 000 bales with 4 500 Americans. receipts 1 000 bales and no American. Futures closed quiet with new and old contract quotes across March to July.
The House may pass a bill to locate a steamboat inspection board here. It would grant licenses for steam vessels and examine applicants for steamboat service. Wilmington lacks such a board while Charleston houses a boiler inspector. The local Chamber of Commerce backs early passage amid regional prosperity.
Berlin marked a victory on Monday with church bells ringing across the city and Catholics organizing a special day of prayer, signaling celebratory mood amid reports of success on the western front.
In New York trading on March 26 heavy demand for Liberty bonds especially the second 4s led to broad stock gains with high finances showing cautious optimism. Marine preferred and several major issues advanced while United States Steel lagged as a notable exception amid a generally firm market.
Chicago on March 26 shows hogs receipts at 35 000 with values 12.75 to 17.75 for pigs and heavy grades. cattle receipts 12 000 with native steers 9.40 to 14.50 and cows 6.75 to 11.80. sheep receipts 14 000 with sheep 11.10 to 15.10 and lambs 14.50 to 18.90.
The cotton seed oil market in New York closed quiet and nominal with May at 20 50 asked and no sales recorded.
The district attorney J O Carr urges prosecutors to indict keepers of bawdy houses and liquor sellers to clean Wilmington for soldiers from Fort Caswell. He cautions action may be sought from the War Department if conditions do not improve. The government will not act directly since Wilmington lies outside training camp zones.
District Attorney Carr urges Wilmington police to prosecute local liquor and bawdyhouse violations and to indict keepers and owners as vagrants. He notes cooperation by police and cites federal interest in preventing harm to a Naval Reserve recruit indicted for internal revenue crimes. He offers support to authorities without interference.
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