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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Mar 28, 1918
Page
10
Cotton and grain markets opened mixed as rain prospects in the Southwest pressured New York cotton while New Orleans pricing drifted lower on holiday liquidity. Stocks across exchanges showed uneven progress with industrials rising, rails advancing on government aid, and a broad price pause before the close.
In New York on March 28 spot cotton remained steady with middling grade quoted at 34.25 cents per pound.
Spot cotton prices in New Orleans on March 28 hold steady with low middling at 33.60 and good middling at 34.50. Sales on the spot reached 5,157 bales with 668 arriving. receipts totaled 2,394 and stock stood at 462,286 bales.
Liverpool notes spot quiet and prices easing with good middling at 24.84 and middling at 24.32. Sales total 5 000 bales including 2 600 American. no receipts. Futures close quiet with new contracts listed for April to August and old fixed prices for April to July. Official noon close shows value for new and old contracts.
Fair tonight and Friday with little temperature change and moderate northeast winds. Cape Fear River stage at Fayetteville NC yesterday 9.7 feet.
New York report dated March 28 notes a quiet cotton seed oil market with spot at 19.75 and July 2000 bids, no sales recorded.
Chicago market report shows hog receipts at 40 000 with slow trade and prices from 16.85 to 17.60, cattle receipts at 12 000 with steady bids for native steers from 16 to 16 ¼, and sheep receipts at 8 000 with strong demand pushing ewes and lambs to 11.40 to 15.75 and 14.75 to 19.16 respectively.
London reports on Western front developments lift spirits in financial circles. Confidence steadies after prior anxiety as markets reassess prospects.
New York March 28 The International Baseball League club owners meeting here voted to disband.
Washington reports indicate Allied defenses stiffening as German forces push on the Western front. Observers believe a counter stroke may begin soon, contingent on reserve strength. Officials note Britain and France are conserving manpower for a major push, with Americans possibly joining the effort.
A concert to benefit the Hemenway Drum and Bugle Corps will be held this evening in the Hemenway School auditorium. The Whitlock-Wes t Orchestra will perform and a small admission will be charged. Proceeds go toward purchasing a new set of drums for the corps.
The onetime German ambassador condemns German statecraft as folly and predicts Berlin will be left isolated with Austria-Hungary if war persists. He argues Austria-Hungary could have been bound as a German vassal without a treaty and urges better relations with Russia to avoid conflict.
An American who escaped Minsk reports Moscow that the population opposes the invaders. Polish forces aiding the Germans were shocked when the Germans seized cars and claimed policing rights. Food stores were seized and lines cut by Russians despite German warnings. About 2,000 Germans are said to be in Minsk as unrest grows.
Buenos Aires reports a looming crisis as the steamer Ministro Irriando was torpedoed in the Mediterranean on January 26. The chief engineer's disclosure to the Argentine embassy in Madrid and the return of the ambassador suggest a possible severing of diplomatic relations after Easter.
A speaker reflects that true inner life may differ from outward appearance, suggesting inner feelings are not always visible to others and require listening beyond surface impressions.
The Mystic Banquet and the ceremonies will be held in the Consistory Chamber of the Masonic Temple at 8:30 this evening. All Chapter members and visitors who have attained the Eighteenth Degree are expected to attend. Chas B Newcomb K C C H Secretary.
Hayling on this day qualified as administrator of the estate of Larry Marable deceased. Creditors must present claims by February 25, 1919 or be barred. Debtors should pay promptly. Feb 5, 1918. W. H. Moore administrator. Woodus Kellum attorney.
A note suggests a married man has an advantage over a bachelor since in uncertain cases he can ask his wife what is proper. The item also states R. E. Lee has served as a bellhop in a Boston hotel for 36 years.
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