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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Feb 20, 1917
Page
3
The cotton market opened firmer with slight gains as bullish demand and Liverpool ties supported prices. May and October futures saw small advances before mixed activity cooled by midmorning. shipping delays and rains in the eastern belt weighed on sentiment, while stock market gains aided local dealings.
A busy slate features Washingtons Birthday golf in Belleair and central A A U basketball in Chicago, bouts in Youngstown Baltimore Boston New York Erie and Montreal, kennel shows in New York Denver and Havana, and cricket bowling in San Jose. Boxing cards include George Chip Knockout Brown and Ad Wolgast fights. The week closes with the Wisconsin Commercial and Industrial Congress opening in Madison under University of Wisconsin auspices with leaders from business and the US Chamber of Commerce.
Spot cotton in New York on February 20 quoted at 16.50 cents for the middling grade. The brief report notes current market levels for Jialiet middling and related benchmarks as observed by the Associated Press.
Liverpool cotton market reports mixed spot values with middling grades around 11.22 and 10.94 in low middling, plus export and speculative receipts near 1,000. January to February futures show varied bids with several months quoted and steady port movements noted.
Optimism over clearing railway traffic bottlenecks boosts grain futures in Chicago on February 20. May wheat rises to 1.76 1 4 with July at 1591 4, while nearby prices gain across the board. hog prices firm, leads to higher provisions demand, as cash markets show tighter supplies and shipping activity increases.
Savannah report shows turpentine at 48.5 cents per gallon with sales and 365 receipts while rosin stands at 802 receipts. various buyers and prices listed including B D B F and G at 6.00, H. LK at 6.40, N at 6.40, W. G. at 6.50, and W W hin at unspecified.
Unclear OCR fragment records prices for various goods labeled Wilmington Naval Stores and related receipts. Items include girls and Tar with listed figures, Crude with multiple amounts, and totals showing limited legibility.
Chicago reports butter unchanged and eggs higher with receipts 2 563 cases. firsts 41 1 4 to 41 1 2 cents. Potatoes up with Wisconsin and Michigan white 2 59 to 2 55. Colorado and others 2 60 to 2 70. Poultry alive unchanged. New York shows butter steady with large receipts. creamery up. Eggs unsettled with various classes quoted and dates given. cheese firm with steady to firm prices. dressed poultry quiet and unchanged.
New York financial bulletin shows Sterling sixty day bills at 4.72, demand dollars at 4.75 3-8, and 9 cables at 4.76 7-16. Currency quotes include Marks and Kronen, Guilders, Livres, Rubles, with gold and silver prices and government and railroad bonds noted as steady or irregular. Time loans firm at 83-44 to 44 1-4 for different terms. Call money steady with high 2 1-2 and last loan 2 1-4.
The cotton seed oil market in New York closed firm with spot prices for prime summer yellow at 12.50 for March, 12.51 for May, and 12.26 for July. August and September quotes were 12.36 and 12.29, with sales totaling 19,100 barrels.
Official war bureau briefs describe numerous trench raids with little major action. British raids near Messines are noted with brief captures on withdrawal. Somme sees a German capture of a British outpost. Romania reports improved Teutonic positions after outpost clashes. Entente heavy artillery in Macedonia but no infantry assault. Vienna reports US asks Austria Hungary to define submarine warfare stance. Two Newfoundland fishing schooners sunk mark the other German blockade impact.
Sugar futures slipped as Cuban interests and commission houses sold holdings. Noon prices down 4 to 11 points, closing steady and 9 to 13 points lower. Trade volume 23,800 tons with March at 4.32, May at 4.30, and July at 4.31.
Rt Reverend Nicholas A. Gallagher Catholic bishop of Gelveston, born in Belmont County Ohio, passed away at age 71. The church mourns the longtime cleric who served with dedication and faith.
Portland Feb 19 The Oregon Retail Merchants Association opened its annual convention in Portland with record attendance from all sections of the state. Delegates will spend several days studying issues relevant to the retail trade.
Patriotic and musical societies across the country unite for a general observance this week. National Song Week events include patriotic hymns folk songs and standard music sung in public schools and community choruses.
One day yearly the Indian government permits gambling by Hindus on Devali the Day of Light. The festival honors the Hindu God Ram and his coronation, with devotees exploiting the privileges granted for that day.
Gen. Alvarez Obregon, minister of war for Mexico, is noted as being born in Sonora 37 years ago today.
Brigadier General William Crozier chief of the War Department bureau of ordnance is 62 years old today. He was born in Carrollton Ohio.
The Cape Fear river stage at Fayetteville North Carolina stood at 6.6 feet at 5 a.m. yesterday.
A North Carolina reader testifies of recovery from rheumatism after using Mrs. Joe Person's Remedy. T. C. Bryan of La Grange writes of rapid improvement and lasting cure, urging others to try the tonic as a blood and general health booster. Neighboring druggists are listed as suppliers in the advertisement.
New Orleans La Feb 19 The annual Mardi Gras celebration opened with Rex and retinue. The royal yacht signaling whistles and salutes as the king lands and leads a parade through crowded streets. Boy Scouts military groups mounted knights and carriages form a several mile line. The mayor received the keys at City Hall and revelry began.
Chicago hosts the first annual gathering of the Association of Outdoor Showmen of the World. Owners and managers from across the country attend to weed out unscrupulous exhibitors and advocate better legislation and improved show business conditions.
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