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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 28, 1917
Page
3
New York and Wilmington markets show steady opening in cotton amid strong spot demand and favorable crop prospects. May futures hold around 8.79 with new crop gains limited by Wall Street liquidation, as farmers switch from war to late months amid improving weather outlook.
Nervous early trading saw mixed fluctuations as near months rose briefly before selling pressure pushed values lower. By mid-morning activity, prices ranged from slight gains to modest losses, with May July October December and January contracts listed in the 18.25 to 18.73 range.
New Orleans spot market on March 28 shows steady values with prices for good ordinary to strict good middling ranging from 17.13 to 19.25. Receipts for the period total 18, and stock stands at 423,855.
Liverpool spot cotton remains quiet and prices steady with good middling at 1.78, middling 12.68, low middling 12.51. Sales total 5,000 bales, including 4,109 American and 500 for speculation and export. receipts 9,000 bales. Futures closed steady with several forward months listed.
The cotton seed oil market closed firm with spot and forward prices listed from March to October. Noted are bid quotes around 13.70 to 15.29 and total sales reaching 380,600 units.
New York report shows Rio No. 7 coffee at 91 1/2 with a steady outlook. Futures quotes list May at 7.60 and July at 7.74, reflecting a stable session.
New York market report dated March 28 shows firm butter with receipts 6 158, creamery higher than extras, eggs firm with receipts 30 198 and prices for fresh gathered extra first 33 1 4 1 2, first 32 1 2 33, storage packed first 33 1 2. Poultry dressed firm with chickens 19 29, fowls 181 2 24, turkeys 18 34. Cheese unsettled with state specials 27 27 1 2 and average fancy 26 1 2 28.
Raw sugar remains firm as the market reacts to a higher spot level and poor Cuban crop reports. May to December futures show gains with noon prices up 7 to 12 points and closing 10 to 21 points higher. Sales total 28 506 tons.
New York report shows currency quotes across multiple units including sterling, francs, marks, kronen, guilders, rubles and Mexican dollars with bid and cable figures. Government bonds weak and railroad bonds irregular while time loans firm for 60 and 90 days. Call money steady with a ruling rate near 2.25 percent and last loan at 2.25.
The piece urges farmers to account for idle land as a loss to profits, arguing population growth outpaced crop acreage and prices rose sharply. It likens wasted acres to lost cash in the bank and stresses that farm earnings show in checkbooks and deposits.
A speech at the Livestock Exposition argues Eastern North Carolina farmers should build livestock farming into the core of their operations to meet rising meat and dairy demand, with better markets, transportation, and packing plants nearby, promising national growth and personal prosperity.
By order of the Superior Court the commissioner will sell at the New Hanover court house door on Monday April 16 1917 at 12 oclock for cash the eastern part Lot No 4 Block 304 official plan City of Wilmington N C description follows along Harnett street Third street Hog Folly tract and adjacent lines This 14th day of March 1917 oe a S M Empie 14 law 4w .4id Commissioner
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