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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Feb 28, 1917
Page
3
A valuable lot on Market street between 13th and 14th near No 2 but not adjoining. It extends through to a 30 foot rear street, about 150 feet deep. Terms offered. The owner promises action and other deals to follow.
Market activity in New York and Wilmington shows nervous, unsettled cotton trading as Liverpool and domestic selling trigger declines before brief rallies. Baltic and North Carolina spots influence, with May and July contracts fluctuating and prices ending around steady to slightly up. The day features broad stock and grain movements, with wheat and corn gains amid renewed caution due to international tension and war risk factors.
Spot cotton in New York on February 28 closed at middling with eudy grade cited at 17.00 cents per pound. Market notes reference standard trading levels and price stability for this session.
Poor cables and political uncertainties push cotton prices down at the opening in New Orleans with irregular trading. By midday the market steadies slightly but remains down from yesterday, with several active months showing declines of 1 to 2 points and some months trading near the prior close.
Spot cotton in New Orleans held steady with 12 points decline. Sales totaled 2,239 on the spot and 875 for future arrival, with prices listed for varying grades from good ordinary to strict good middling. Receipts reached 8,457 and stock stood at 434,775 bales.
Cotton in steady demand with firm prices at Liverpool spot Good middling 11.70 middling 11.60 low middling 11.42. Sales 7 000 bales including 5 900 American and 1 000 for speculation and export Receipts 10 000 bales Futures closed steady with a sequence of monthly prices from March to February including official noon close February 11 18 and February March 11 09.
Brigadier General A L Smith, chief of the U S Army quartermaster supplies division, visits New York to instruct officers on new procurement methods. A $15 million clothing and tent program aims to teach industrial preparedness by distributing orders from depots in New York Philadelphia Boston Chicago and St Louis in small lots to many firms. Bids for current orders open March 5.
New York sugar market shows firm primaries with 25,000 bags traded for second half March shipment. Spot prices range from 4.40 to 7.00 8.00 for various grades while futures retreat from midday highs, closing 1 to 5 points higher on renewed covering and late selling.
The mercantile page reports mixed gains in currencies with sterling bills quoted at 4.72 for 60 day bills and 4.75 3 8 on demand. Francs and Marks show solid demand while Kronen and guilders rise. Time loans firm and call money holds around 2 1/2 with closing bids near 2 1/4.
Four American consuls are being detained in Germany. Official advices say German consuls in this country moving to Central and South America have been permitted to proceed.
Two unidentified men robbed the Bank of Collinston La twenty miles north of Monroe at noon. In the pursuit they shot and killed P W Vaughan mayor of Collinston, a posse member. Reports say one robber was captured.
The cotton seed oil market closed firm in New York with contracts listed for March to October. Prices ranged from 12.20 to 12.99, total sales reached 54,300 barrels.
New York market report shows firmer butter with creamery grade extras at 92 down to 41 2 for firsts while receipts rise to 6 579. Cheese remains strong with state specials around 26 1 2. Poultry weak in Dresach with mixed chicken and turkey prices. St Louis reports hens 17 to 19 for springs and 25 for turkeys. eggs listed at 28.
Hogs receipts near 9,000 with bulk bids from 13.00 to 13.35, heavies 13.25 to 13.40, lights 12.80 to 13.20, pigs 10.00 to 12.50. Cattle receipts about 4,000 with prime fed steers 11.25 to 11.75, dressed beef steers 9.00 to 11.00, southern steers 7.00 to 10.00, cows 3.50 to 9.50, heifers 7.00 to 11.00, stockers 7.25 to 10.30, bulls 6.50 to 9.00, calves 7.00 to 12.50. Sheep receipts 6,000 with lambs 13.75 to 14.60, yearlings 13.00 to 13.50, wethers 11.50 to 12.35, ewes 10.75 to 12.00.
Washington february 28 federal farm loan board officials are understood to have arranged for placing half of the entire first issue of forthcoming farm loan bonds with a syndicate of bankers at new york and elsewhere at a rate of 41 2 per cent the rate to be charged farmers on loans will range between 5 and 51 2 per cent
Ornaments stolen from Ma Pembroke Jones estate were received by Sheriff George Jackson from E Bers Co Philadelphia junk dealers and stored at the courthouse as evidence in the larceny case against Nick Loftin Monk Moore Simon Galloway H Stein. Galloway admits receiving from Loftin and Monk. Stein to testify. The barrel contained 311 pounds of broken pieces. The case likely goes to trial tomorrow morning.
Richard Ashby Taylor, head of the demurrage and car service bureau for Virginia and West Virginia, and brother of Warren P. Taylor, traffic manager of the R. F. & P. railroad, died at his Taylorsville home in Richmond on February 28.
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