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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Feb 20, 1918
Page
7
New York cotton futures rose with Liverpool demand as buyers reentered the market. March touched 31.15 cents, later slipping to around 30.80 while spot cotton held at 32.00 cents middling with active trading and limited pressure.
In New Orleans on February 20 the cotton market moved higher as the buying wave lifted prices in early trading. Spot cotton rose a few points with sales on the day and steady to higher closes reflected in the day’s figures. receipts and stocks listed.
Liverpool market notes firm spot values with middling rates around 23.25 and sales totaling 1 000 bales including American. No receipts. Futures show Mary 23.82 March 23.43 April May 22.77 June 22.62 July 21. Please verify old fixed price spreads for February through June.
Chicago receipts show 6000 cattle and 7000 hogs with firm or varied bids. Hogs move from 16.20 to 18.35 for rough stock and 12.60 to 15.50 for pigs. Cattle include live steers 8.65 to 13.90 and calves up to 9.00, sheep at 13.20 to 16.60 for lambs.
A dated wholesale market page lists prices for butter, live and dressed poultry, beef, potatoes, hams, shoulders, cabbage, hides, wool, corn, wax, and various fruits and nuts. It shows scarce onions and Irish seed potatoes with several per-bag and per-bushel figures, including apples Winesap and Yorks, oranges, and peanuts with regional price ranges.
The article reports on Senate debate over government take over of railroads during war citing Senator Underwood. It explains finance as the real motive behind federal control and outlines securities maturing through 1921. It notes opposition to automatic rate fixing and mentions Rev Eugene Boring becoming an aviator in France.
President Baldwin of the International Ship Building Corporation asked the Senate Commerce Committee to hear impartial expert testimony on the cost of the Hog Island yard contract. The committee will decide later, while the Justice Department probes possible misuse of government funds.
Representative McLemore of Texas introduced a resolution asking the House Judiciary committee to examine the constitutionality of the vote by which the prohibition amendment was carried in Congress. The measure was 282 to 128 in the House and 65 to 20 in the Senate. The Rules committee received the resolution.
London Tuesday February 19 the war minister the Earl of Derby explained in the House of Lords that Robertson's powers were being reduced and the general resigned over a plan rejected by military advisers and Allied council. Derby said he urged acceptance and offered to resign but stayed to try to make the scheme succeed.
An unidentified steamship ran aground on a dangerous shoal off an Atlantic port on February 20 as strong southerly winds and heavy seas battered the coast.
Washington reports the Weather Bureau ordered storm warnings from Norfolk to Eastport displayed, then changed to northwest. Moderately strong northwest winds are expected tonight and Thursday along the coast.
Petrograd on Friday reports an assassination attempt on Michael Vladimiovitch Rodzianko former chairman of the State Duma. Several shots were fired and Rodzianko along with his coachman were slightly wounded. Police have 150 arrests linked to the Lenine kidnapping plot.
London reports the British army in Palestine attacked east of Jerusalem yesterday advancing two miles on a 15 mile front. By evening all objectives were secured to an average depth of two miles on a 16 mile eastern frontage.
Chicago February 20 ex pert opinions on corn oats and provisions prices must not be sent until April 1 per a board of trade ruling. Directors say the measure aims to curb speculative dissemination and focus on proper marketing and crop finance.
Naval airmen continued heavy raids on docks and airfields in Belgium. Four German planes were claimed shot down with multiple targets hit including Saint-Denis Westrem Bruges aerodromes Aertrycks and Engel dumps. One seaplane was brought down at sea and another fell inside British lines.
Washington reports a clash between the War Department and the Railroad Administration over deferring classification for railroad employees in the draft. The War Department favors individual assessments of indispensability while the Railroad Administration seeks uniform exemption guidelines to avoid excluding thousands of necessary workers. About 509000 railroad men are in draft age. an estimated 200000 would be affected.
Refusal to accept a beans consignment and market drop led the R. D. Otter Company of Louisville to lose its food license. The Food Administration ordered closure by February 26.
Albany February 20 statewide prohibition measures were introduced in the Legislature. One bill seeks war emergency prohibition from September 30 until six months after peace, with light wines and malt liquor under 3 percent alcohol exempt. A concurrent resolution would amend the State constitution for permanent prohibition after two Legislatures and a referendum in 1920. Temperance groups oppose both measures.
The cotton oil market in New York closed quiet with spot, March and May bids at 20 50 and 20 50 for sales.
Washington February 20. Corporation and profits tax return blanks were issued today at the Treasury for public printers and distribution to collectors. Individual and corporation excess profits reports will likely be ready for distribution tomorrow.
A Washington delegation from Wage Demands Washington presented today to the Wage Adjustment Board asking the Del Norte River wage award be extended to the Newport district. The board met with William Hutcheson head of the Brotherhood of Carpenters and Joiners and discussed carpenters in the New York and Baltimore districts.
London on February 19 the Prince of Wales took the oath and seated himself in the House of Lords today marking his formal entry into the legislative chamber.
Pitcher Al Mamaux is rising in baseball fame moving from the Pirates to the Dodgers as his career progresses.
Admiral Sir Rosslyn Wemyss takes command as the head of British naval affairs, widely known to sailors as Rosie for his leadership role and familiarity within the service.
The new Imperial War Museum in London features a display of the table where Sir Douglas Haig sat to plan the Somme battle. The exhibit highlights Haig’s leadership and the wartime strategy reflected in the iconic surface.
Analysts question why the war tax on baseball tickets will burden team owners while noting fans will bear the levy. The remark signals potential strain on clubs as public revenue measures affect sports.
Jack Slattery a former major league player and Tufts coach for three years is appointed scout coach for the Boston Braves. The move pairs Slattery’s experience with the Braves scouting staff as the club builds its player development network.
A local notice states a candidate seeks the office of Register of Deeds in New Hanover County for the March 19 1918 primary election and asks Democratic voters for support.
Message to Democratic voters of New Han over County announcing candidacy for County Auditor in the March 19 1918 Primary and requesting support from the electorate.
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