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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Feb 25, 1917
Page
6
The report notes a steady cotton market driven by fears of restrictive actions by Britain, with March and May contracts fluctuating and closing firm. It lists commodity prices for eggs, butter, poultry, vegetables, and meats, and provides stock quotes and market activity across major exchanges with noted declines in several prominent industrials and overall light trading.
In New York spot market dated February 24, middling cotton priced at 16.45 cents per pound.
The New Orleans cotton market showed a dull but improving tone with prices up 4 to 7 points from yesterday. Demand grew from mill ratings for the week and a larger visible supply. March and July futures rose while cotton closed steady with a modest advance.
New Orleans spot cotton quotes show steady prices with arrives at 500 bales. Grades listed include strict good ordinary with 16.59 to 16.81, low middling around 16.84, middling 17.19, strict middling 17.8, good middling 17.56, and good middling brighter 17.81.
Savannah February 24 Turpentine firm at 4 1 2 and 5 per 100 barrels with 35 receipts 4 shipments. Rosin steady with 62 receipts 5 798 shipments and 77 936 stock. Prices quoted for grades B D E F G 6 00 H I IK and M 6 20 N 6 35 WG 6 45 WW 6 70.
Onion, Feb. 24. Lady Beatty, widow of Sir David Beatty, opens her large estate for wounded British sailors. Reports note Sir David’s immense wealth, ranking among the richest in the navy, and mention substantial personal expenditures for families of sailors who died in service.
Huge export sales for Europe boosted Chicago wheat as May and July futures moved from steady lower opens to stronger closes. Corn and oats tracked price moves with mixed activity, while traders weighed Lloyd George remarks and Cuban political tensions influencing grain and commodity markets.
Raleigh Highs surged to lead early in the third quarter but faced a strong Wilmington squad on the YMCA court. Hills and fouls marked the rough game as Ruark battled to convert from the line while Miles and Miles and Morris added scoring for Raleigh in a tense finish.
Sugar futures in New York slipped as commission houses and trade interests sold after lower spot prices. May contracts closed at 415 and July at 417 with about 40,000 bags traded. Raw sugar eased, centrifugal and refined markets showed unsettled to firm tones.
New York notes Rio No. 7 coffee futures easing with March at 7.65 and July at 7.92 as of Feb 24. Prices show a soft tone in Rio de Janeiro markets.
International News Service reports Cuba’s racial dynamics fuel revolutionary mood. It notes no color line in suffrage laws, widespread voting by blacks, alleged election fraud by both sides, and a prosperous liberal class pushing for change amid corruption and militarist discontent.
Mrs. F. W. Stout of Angus in Wisconsin possesses the largest and finest herd of dairy cows owned by any woman in the United States.
Pittsburgh February 24 United Press reports veteran shortstop Hans Wagner has not signed his Pirate contract for 1917 and may quit professional baseball. Friends say he is sincerely anxious to retire as Barney Dreyfus prepares a list of six players yet to submit contracts, Wagner included.
New York report shows mercantile paper 4 to 4 1 4, sterling sixty day bills at 4.72, commercial sixty day bills 4.71 3 4, demand 4.7540, cables 4.76 7 16. Francs 5.85 1 8, cables 5.84 1 8. Marks 68 1 8, cables 68 1 4. Kronen 11.08, cables 11.12, guilders 40 1 2, cables 40 9 16, livres 7.41, cables 7.40 1 4, rules 28.55, cables 28.45. Bar silver 77 3 8, Mexican dollars 59 3 4. Government bonds weak, rail road bonds irregular.
Sleeping cars operate between Wilmington and Raleigh daily except Sunday with routes Wilmington to Goldsboro Selma Raleigh and back. Key departures include 3 20 AM from Wilmington and 7 40 AM from Selma with arrivals to Raleigh after 8 52 AM. Sleeper occupancy allowed after 10 PM and until 7 AM southbound. Reservations at phone 160. Atlantic Coast Line.
Mortgage sale under a 1917 deed by Joseph Nixon to Samuel Blossom, recorded Book 71, page 357, defaults on debt. Property in Fear Town ship, New Hanover County, near Casteen, Bordeaux lines, 128 and 68 pole segments, to be sold at public auction for cash at the courthouse door on March 3, 1917. Bidder must settle at twelve noon. Sold by John D. Bellamy & Son, Box 1-31.
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