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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Feb 06, 1918
Page
7
The cotton market opened steady with modest gains before turning irregular. May and July futures moved under pressure amid selling in New Orleans and expectations of wider price gaps, while Liverpool activity and covering rallies limited losses.
In New Orleans on Feb 6 steady to lower trading followed by a weaker tone in cotton futures as freight and fuel pressures rise. Prices dropped 9 to 16 points in early trade while Texas rain prospects dimmed and offerings increased.
New Orleans spot cotton shows a rise with quotes at 956 for low mid, 99.38 for middling, and 31.38 for good middling. Sales total 1,985 with receipts 7,983 and stock at 4,192. Arrivals indicate market activity as of February 6.
Liverpool February 6 spot prices show steady to lower levels with good middling 23.22 and low middling 4.00, receipts 31 000 bales and sales 1 000 bales including 800 American. New contracts for February 23.42 March 23.00 May 4 July 21.79. Old contracts fixed prices February 21.97 February March 21.88 May June 21.63 June wy 21.55.
Chicago grain prices show mixed moves with corn edging up and oats under pressure as traders weigh mild weather against anticipated hog arrivals. Cash grains list No 2 yellow corn at 1.77 to 1 1/2, No 3 white oats around 86 to 89, with rye and barley quoted nominally and pork, lard, and ribs at observed levels.
Savannah market report shows turpentine firm with 150 sales, 101 receipts, 172 shipments and stock 25 527. Rosin firm with 326 sales, 1 223 receipts, 193 shipments and stock 91 122. Quoted grades BDEFGHI 6.221-2 K 6.60 M 7.00 N 7.30 WG 7.50 WW 7.60.
Spirits 43 Rosin ND Tar 3.25 and 15c Crude 4 4 3. Cotton receipts total 217.
The cotton seed oil market in New York closes quiet with no spot trading and March and May moving at 20 30, no sales recorded.
The cotton seed oil market in New York closed quiet on February 5 with spot prices at 20.20 and deferred months March and May at 20.30. No sales were reported.
Washington reports Belgium received a new treasury credit of 3.5 million dollars, bringing the total American loan to 73.4 million dollars.
London date February 5 George Russell resigns as a delegate to the Irish convention. A noted poet and close associate of Sir Horace Plunkett the convention chairman he offers no reason for stepping down.
Chicago market report shows hog receipts 24 000 with steady to weak tone. Prices range from 14.00 to 17.15 for pigs and heavy hogs. Cattle receipts 11 000 with firm tone and varied classes from 6.50 to 14.15 for native steers and calves 9.50 to 15.50. Sheep receipts 10 000 with strong tone and prices from 10.00 to 17.75 for wethers and lambs.
The colored auxiliary of the Red Cross will meet at Chestnut Presbyterian Church on Wednesday night next week February 13. Attendance is urged to launch plans for future usefulness and to extend support beyond the local community to soldiers serving abroad.
The community mourns Helen Marion Bolles daughter of Mr and Mrs John W Bolles who died Tuesday at 1617 Market Street at age twenty Her funeral will be from the parental residence on Wednesday at 4 PM with interment in Oakdale cemetery
New York February 6 the American Tobacco Company declares a quarterly 5 percent dividend on its common stock in scrip. The move follows a plan to pay dividends in scrip rather than cash for a limited period.
Grover Alexander told reporters in Chicago that if he returns to the Chicago Nationals next season he wants a 12000 dollar yearly salary plus a 10000 dollar signing bonus. He denied any agreed terms with President Weeghman and said he did not press draft exemption claims.
Mrs. Daniel H. Penton died Tuesday morning at her home 220 North Third Street from a stroke. Funeral services will be Thursday at 3 30 p.m. from the residence, Rev John J Hurt officiating, with interment in Oakdale cemetery. Pallbearers named are W B Cooper L B Rogers Claude Gore F H Fechtig M J Allen and F T Allen. Survived by husband Daniel H Penton a daughter Arabella Gore three stepchildren Lydie Penton Howard Penton Daniel Penton and by parents Mr and Mrs John M Brewer a sister Mrs Claud Gore of Rockingham. She was a Christian woman beloved by many in Wilmington and Eastern Carolina.
News of Master John ny Fales five year old son of Mr. and Mrs. H. C. Fales who died at James Walker Memorial Hospital at 9 30 this morning after eight days in care. His illness had been serious for a long period. funeral arrangements will be announced later.
Rev. J. B. Crowley will conduct preparatory services Friday at 8 o'clock leading to Sunday communion at 11 o'clock. A Sunday night service is planned at 7:45. All members are urged to attend all three services.
In Buenos Aires on February 6 a Mexican delegation led by Luis Cabrera will disperse next Sunday. General Montez and Gorzaya Ugarte head for Chile and Brazil, respectively, as plans for a neutrality congress fade with no return date.
Derrill Pratt joins the New York Yankees after five seasons with the St. Louis Browns. He missed only one game, with an umpire named Dineen accused of chasing him from a 1914 match.
Five of thirteen buildings at Indiana State Reformatory in Jeffersonville were destroyed by fire early today with an estimated loss of one million dollars. Twelve hundred eighty five prisoners were moved to the institutional school building. no escapes occurred. Fire believed caused by crossed electric wires, under control after four hours with several structures lost. Army field kitchens offered to help feed inmates, and plans were made for temporary dormitory and dining facilities.
Chairman Gaither of Pasquotank County says total pledges reach 255000 with 35000 in sales recorded last week.
In Recorder's court on Wednesday two new cases and one continuation filled the docket. Cleveland Reaves, charged with house breaking, was committed for a mental capacity test by Major Harriss and Dr. Nesbitt. a prior exam on August 30, 1916, found him sane. Eddie Brown’s larceny case was continued to tomorrow. George Rodericks, charged with cruelty to animals, forfeited a $25 bond and capias was issued for his arrest.
Judge Robert W. Bingham of Louisville Kentucky will be inaugurated president of the Southern Commercial Congress at a February 11 dinner in Washington. Senator Duncan A Fletcher of Florida the retiring president will be honored at the event according to plans released by the organization.
The case of John F McVeigh versus the Atlantic Coast Line Railway for damages from alleged injuries was still argued in Superior Court on Wednesday afternoon and expected to go to the jury later that day. The L A Martin versus Western Union Telegraph Company suit was disposed of with a non-suit judgment.
The Democratic Primary for New Hanover county for the nomination of all county officers and State Senator and Representative is called for the 198th day of March 1918. Candidates must file notices of candidacy with Jno. W. Gafford no later than 6 p.m. February 7, 1918. Chairman Thos. Fe. Cooper presides with Ww. B. Campbell as acting secretary.
A brief candidate statement announces bid for the Office of Register of Deeds in New Hanover County at the March 19 1918 primary and requests Democratic voter support.
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