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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Feb 28, 1918
Page
7
New York cotton markets show mild irregularity in early trade with futures advancing on weather signals. March and July contracts rise as traders factor in rain forecasts for the Southwest and Liverpool demand, while spot prices remain steady amid shifting rains and port activity.
Rapid fluctuations dominated New Orleans cotton trading on February 28 with opening gains of 2 to 5 points then slipping 7 points below yesterday’s close before recovering. Prices closed steady with an advance of 17 points as the market matched inflationary pressure and high activity.
Orleans Feb 28 spot cotton quoted steady. Sales 444 bales to arrive 382. Low middling 8, middling 31.88, good middling 8. Receipts 10,915, stock 454,999.
Liverpool market notes firmer spot values with good middling at 23.74 and low middling 0.0. Sales reach 11,000 bales, 1,200 American, with 10,700 of these closed firm. Futures show March and April around 22.60 to 24.15, while old crop fixed prices run in the early 22s to 23 range.
Weather Bureau reports show generally fair tonight and Friday with varying winds and notable temperature changes. Stage of water in the Cape Fear River at Fayetteville is 6.8 feet at 8 a.m. Friday, with higher levels expected.
Wholesale prices show rounded figures for eggs butter poultry and vegetables with sparse notes on beef cabbage hides wool and storage goods. Chicago grain and stock action includes corn oats hogs and various grain and bond quotes with mixed early direction and end of day shifts.
Chicago market report shows hog receipts at 47 000 with slow trade and prices from 11 50 to 16 60 for pigs and 15 80 to 16 50 for heavy hogs. Cattle listings record 14 000 head with weak tone and values from 6 70 to 14 25 for cows and calves. Sheep and lamb figures reflect a weak market with lambs up to 27 25 and sheep 10 25 to 13 25.
The cotton seed oil market in New York closed quiet with spot 19.75, March 19.75, and May and July at 2000. Sales reached 300 barrels.
Tar priced at 2.90 and 0.12 per unit, crude at 3.50, 3.50 and 2.50. Cotton receipts show figures F268.
Savannah market notes firm turpentine and rosin with daily sales receipts and shipments. Turpentine: sales 119, receipts 174, shipments 9, stock 25,071. Rosin: sales 950, receipts 734, shipments 171, stock 90,213. Quoted grades range from B D E F G H I 6.05 to WW 7.50.
New Haven Conn Feb 28 A message from Yale reports Curtis Seaman Read 18 a naval aviator and ensign flying in France has been killed A brother Barto Read of the freshman class is also flying in France with a naval contingent The note confirms no French vessels over 1600 tons sunk in the week ending Feb 23 and four merchantmen repelled submarine attacks
The North Carolina Council of Defense asks banks insurance companies cotton mills and other corporations to pay directors for monthly meetings in War Savings Stamps. The council believes directors will consent to this to boost the state's war income.
Jefferson City Missouri February 28 Eli Jenkins guard at the Missouri State prison was killed this morning by two convicts who with a third escaped after scaling the walls. The three had sentences of five to eight years.
Washington reports growing strain between Germany and Austria over Austria Hungarys refusal to join renewed action against Russia. An official dispatch from France quotes the Austrian premier reiterating on February 22 that Austria Hungary will not participate in military action against Russia and Romania and will not send troops into Ukraine.
Commissioner to sell at noon on April 1, 1918, at the courthouse door in Wilmington, a parcel in North Carolina bounded by Third Street Davis Parsley and Aubrey Alley. The property, part of Lot 3 in Block 321, is offered under a December 1917 Superior Court decree in New Hanover County. J. A. MacNorton is the commissioner.
In San Juan Porto Rico on February 28 the island begins its dry era under the new Organic Act prohibition. The act bans manufacture import sale and gift of intoxicants and drugs except for regulated medicinal sacramental industrial and scientific uses. About 40 000 Porto Ricans rely on alcohol related trades and over 2 million in native capital is tied to the industry, with significant expected tax impact.
The notice lists foreclosure proceedings in New Hanover County with Samuel Harriss called to court on March 28 1918 to answer why he should be bound by the decree and why sale to P F B Price for 455 dollars should be confirmed. It also announces a special meeting of The Peoples Hosiery Mill Inc stockholders on March 8 1918 at 11 am in the American Bank and Trust Company building Wilmington.
In New Hanover County Eustace Norfleet on behalf of stockholders and creditors of LeGwin Printing Company given notice to file verified claims in Wilmington NC by May 1, 1918. Claims not filed by the date will be barred. Joseph W. Little, Receiver.
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