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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Feb 18, 1917
Page
6
New York market reports a calm start as traders await fresh news. May contracts moved within a narrow four point range while spot cotton in New York traded quietly around 15.95. Wilmington naval stores and other items appear muted with little price action.
Weekend conditions showed in early buying with shorts in New Orleans trading pushing prices up 2 to 6 points in the first half hour. Professional trading dominated as the market held a typical week end tone with a general push to even up old business ahead of holidays next week. Prices closed 11 to 14 points higher than yesterday, with an advance of 4 to some points.
New Orleans reports spot cotton unchanged with 1,835 sales and 800 to arrive. Bid values range from good ordinary at 15.69 to strict good middling at 17.81, with low and strict low middling and middling levels shown between 16.19 and 17.46.
Sugar futures were fairly active with an unsettled undertone due to Cuban affairs. Some regions sent hopeful reports keeping over-the-week prices near unchanged to seven points higher. March at 4.58, May around 4.51, September near 4.52. refined sugar firm with molasses 4.65 to 4.77, centrifugal 5.52 to 5.64, refined granulated 7.00 to 7.50.
The cotton red oil market in New York closed firm on February 12 with spot bids at 11.44. Prices for futures ranged from 12.12 to 12.50 across February through September. Total sales reached 1,900 barrels.
Savannah Feb 17 Turpentine firm 48 sales receipts 86 Rosin firm sales receipts 1276 Quote B D E F and G 6.00 H I E and M 6.20 N 6.40 W G 6.50 W W 6.75
Kansas City reports butter and eyes unchanged while poultry holds steady. Chicago notes butter steady with creamery 32 to 42, eggs higher with receipts 3 396 cases and price ranges 40 to 44. Potatoes receipts 35 cars unchanged. Poultry alive lower with fowls and springs at 20 1 2.
Coffee prices in New York on February 17 listed Rio No. 7 at 10 cents futures steady with March at 8.24 and July at 8.50.
New York money market figures show mercantile paper at 4.41 to 4. Nineteen currencies quoted with various demand and cable rates. Government bonds remain steady while railroad bonds move irregularly.
Chicago wheat led gains as crop damage from the Southwest and West lifted futures. May hovered around 172 1 2 to 173 1 2 cents, July near 147 3 4 to 148 1 4, with overall advance above yesterday's finish. Corn and oats moved modestly with mixed signals as freight conditions improved and packers sold on advances.
New York stocks opened firmer on anticipated short-covering as major issues edged up. United States Steel and rail names led gains while motor and some commodity groups declined. activity picked up in small lots as prices strengthened and investors awaited further demand signals.
Captain E Jones of the British steamer Ennisbrook, who saved Captain W S Sanders and eight Wilmington sailors from the tug Alexander Jones during a Florida hurricane seven years ago, will reportedly arrive in Wilmington next Saturday February 24 aboard the Santa Rosalie bound from Chile via the Panama Canal. The rescue earned U S government recognition and binoculars gifted by the American Consul in England.
Greater stress was laid on the friendly terms between Representative L Clayton Grant and Senator E H Cranmer after a County Democratic Executive Committee meeting endorsed resolutions to let all city legislation be handled by Grant. Grant said he had not been notified of the meeting or its agenda and noted possible action on rural policeman appointments. He also mentioned plans to seek an exemption from oyster licensure for the poor class who harvest oysters. Funeral today for Will Everett a colored shoemaker at his home and church service at St Luke's.
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