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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Feb 15, 1918
Page
10
February trading brought renewed steadiness in cotton with minor gains across nearby and distant months. Prices moved within a narrow range as buyers absorbed offers, with May and March contracts posting modest increases while spot commodities quoted around 31.35 cents per pound for middling uplands in New York.
Orleans Feb 15 prices moved higher as continued Texas weather affected outlook for cotton. Early gains of 12 to 15 points, then mixed to steady, with spot prices five points off and sales on spot to arrive. Receipts 6,899, stocks 438,120.
Liverpool Feb 15 spot cotton prices show declines across grades with 1,000 bales traded and 5,000 bales receipts. New-crop futures list February 23.40 March 22.98 May 22.26 June 21.99 and fixed-price contracts for Feb 1.86? No, the fixed prices are February 1.86, February-March 21.77, April 21.68, May-June 21.52, July 21.44.
Chicago cash livestock data shows hog receipts around 0 with strong demand and mixed weights trading 15.70 to 16.40 for bulk, and pigs 12.50 to 15.25. Cattle receipts near 10,000 with steers 8.40 to 13.80, cows and heifers 6.30 to 11.60, calves 8.50 to, and sheep prices around 13.75.
Chicago on February 15 reports demand outpacing receipts pushing corn higher. Opening prices rise to gains across grains with March and May corn up, oats hit season highs before profit taking. Hog prices lift provisions while cash corn and oats quotes remain firm. rye and barley steady to firm.
Commodities prices for corn oats rye barley and livestock are listed with bid ranges and varying quality grades. Stock market action opens with gains driven by rails and ships, while numerous industrials lead advances and liberty bonds fluctuate. A large community banquet at multiple venues features a Father and Son theme with detailed programs and ranging speeches and musical selections.
The cotton seed market in New York closed steady with spot bids at 19.40 and futures for March and May at 220.60. Trade totaled 2,400 barrels.
The New York cotton oil market closed quiet on February 15 with spot at 20.40, bids for March and May at 20.90, and sales of 1,200 barrels.
Spirit Rosin and tar quoted at 8 14 and 8 due to market figures. Crude oil prices listed 3 75 3 75 and 2 75 reflecting commodity rates.
Joseph Jacobs an Austrian by birth and U S Army volunteer was placed in the Mecklenburg County jail in Charlotte to be interned as an enemy alien. He is charged with threatening officers and declaring he would shoot his officers before firing on his own nationality. The item ends with an advertisement urging Delineators from Brown’s.
An American passenger steamship arrived back at the Atlantic port with a large hole above the starboard water line amidships after colliding with an unknown steamer. The fate of the other vessel was not learned.
A passenger ship was struck in dense fog when the bow of an approaching vessel hit it. The other ship tore its anchor free as it pulled away, leaving a hole in the hull.
News from New York reports the British steamship De Larrinaga of nearly 5000 tons foundered on February 6. Ten crew perished, 27 survivors were rescued by a British warship after abandoning ship in small boats. The cap tain E Williams, chief officer R S Mann and other officers sacrificed themselves as rockets were fired to signal for help.
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