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Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Jan 24, 1918
Page
7
News from New York reports cotton prices rose at the open with May at 30.45 and overall strength amid war cabinet tensions and Austrian unrest. Traders pushed prices up 22 to 37 points before some selling reality trimmed gains, but the market closed steady amid heavy activity and varied notes on futures.
New York spot cotton closed with middling uplands at 31.95 cents per pound. The report notes the modest firmness in after-Christmas trading and reflects market demand levels for immediate delivery.
New Orleans January 24 reports show cotton opening with gains amid rumors of a nation in Austria. First hour prices advance 10 to 8 points and the market closes steady with modest gains, despite earlier small losses from British tonnage and buyer activity.
New Orleans spot cotton unchanged as sales total 9670 bales for delivery and receipts reach 432,742. Prices recorded at low middling 29.62 cents, middling 30.87, good middling 31.82 with 6,643 receipts.
Liverpool reports steady spot prices with 3 000 bales traded including 2 800 American as mills idle. Futures close firm with January at 23.71 and February at 23.41, March 23.01, April 22.72. fixed price contracts show values from 22.36 to 21.84 across maturities.
Hogs receipts dull with mixed lots at 12.75 to 16.60 and 15.60 to 16.45 for others. Cattle receipts about 14 000 with steers 8.50 to 13.90, cows 10 to 11.85, calves 9.25 to 16.50. Sheep 14 000 head steady with lambs 14.60 to ?10.
In Chicago on January 24 the market showed scant gains for corn and declines due to favorable conditions. Oats strengthened on steady seaboard demand while provisions fell as shorts covered. Futures quotes fluctuated with some advances and small setbacks, reflecting a cautious session in a murky grain and provisions market.
Ruthington Jan 24 The railroad bill is amended to require that federal aid is undertaken as a war measure and shall not prejudice future government policy. It states no move toward government ownership of the roads, with a return to private ownership pinned to 1928.
The row lists rosin at 5.80 and 5.60, tar at 3.75 and 17c, crude at 4.25 in multiple quotations. Cotton receipts show varied figures around 7s 68 88 62 86 8F7 with scattered decimal-like tokens and illegible marks.
Savannah market notes show turpentine firm with 46 sales 99 receipts 90 shipments 386 stock 25882. rosin firm with 548 sales 441 receipts 1203 shipments. price quotes list BD EF GH at 6.90 IJ 6.35 K 6.60 M 6.80 N 7.15 WG 7.40 Ww 7.50.
The maritime note lists high and low water times for Friday at Wilmington Southport and Masonboro. High tides occur around 9 02 and 3 41 in Wilmington with corresponding low tides about 9 17 and 3 21. Masonboro shows high tides at 6 20 and 11 59 with lows at 6 35 and 12 39. Southport lacks AM times in the first column.
Mrs Mary J Smith died today at James Walker Memorial Hospital at 12:30 PM aged 85. She is survived by son L M Smith and three daughters Mrs F S Miller Mrs Kate Husham of this city and Mrs Martha J Taylor of Richmond Virginia. She suffered a fall last Sunday causing a broken hip. Funeral arrangements to be announced later.
The cotton seed oil market in New York closed quiet with no spot sales. January to March and May contracts listed at 20 30, but no transactions occurred.
The Ninth Company North Carolina Reserve reports no drill tonight after a week of guard duty. The next drill is scheduled for next Tuesday night.
Lena Lee, a white woman, is held at the police station on a prohibition charge for selling whiskey to unknown parties. F R Branch is a witness for the State. The Recorder's court earlier heard State vs Brown, where Branch claimed Brown took his wallet at the Lee home last Monday night. A hearing for Lena Lee is set for tomorrow morning.
Bolshevik authorities in Petrograd arrest scores including Social Revolutionists leaders tied to a revolutionary plot in the Constituent Assembly. A battalion of death allegedly prepared to back the movement. Police seize bombs firearms and documents and charge a soldier and Red Guard member with the murders of ex Kerensky officials. An alleged sailor leader remains at large.
Captain French MacDermott known as the MacDermot Roe Lord of Maylurg age 63 and head of the Protestant MacDermot branch has died in Monte Carlo He was a direct descendant of the Princess of Leinster and held the ancient Irish title in London on January 24.
Billiard enthusiasts hail Welker Cochran of Chicago as the rising young cue artist likely to challenge William Hoppe for the world championship.
New York stocks opened under uncertainty amid anticipated domestic and foreign developments. Activity was muted with few big moves. Mexican Petroleum rose slightly while tobacco shares fell. Several major issues showed fractional changes as the session began, with Liberty bonds easing and many prices listed in narrow ranges.
Congress appropriations in the last two sessions will total about 35 billion dollars, nine billion more than the 26 billion spent from Washington’s era through March 1917. The larger sum covers all government expenses including Civil, Mexican, Spanish American wars and the War of 1812.
MF J M McLoughlin was taken to James Walker Memorial Hospital this morning. He is seriously ill.
Bolshevik authorities have taken over the Russian Red Cross in Petrograd. The heads of the organization including N. Bokrobski, former minister for foreign affairs, have been arrested as counter revolutionaries.
Industrial establishments in Chicago are operating on coal reserves as little new coal reaches factories. Most coal goes to domestic use while mines report improving general conditions. Sugar is in greater need than coal and is to be distributed in the city soon regardless of consignments. Warmer weather may ease the strain, aiding both fuel and food administrations.
A company of regular United States Army troops arrived in the city this month to patrol and likely relieve Fort Caswell guards. Telegraphic reports said the unit was en route, and orders were expected to assign them to permanent guard duty. Fort Caswell personnel awaited orders to return, while Ninth Company Reserves were dismissed from special duty after serving despite fatigue and training gaps.
Washington January 24 J D A Morrow general secretary of the National Coal Association and a Pittsburg coal man was placed by the Fuel Administration in general charge of distribution of coal both anthracite and bituminous.
Mrs Ira M Edwards of Florence South Carolina is visiting her sisters Lilly and Victorine Martin at 211 South Fifth Avenue. Parish Day at St Pauls Episcopal Church Sixteenth and Market marks Holy Communion at 10 am and evening prayer at 5 pm with an invitation to parish friends.
Red Cross headquarters reports prompt generosity in response to the Fort Caswell company guard duty appeal. By Thursday noon half the sweaters were funded and production is underway to outfit all men by Saturday. Hot coffee soup and sandwiches aid night patrols at Seaman's Bethel with continued service as needed.
The 1000 members of the Red Cross junior division will parade Friday at 8 30 p m forming on Chestnut street by the post office and marching via Second Princess Fifth to the Hemenway school where the Southern division head will speak. Girls wear Red Cross veils and boys carry flags. The Hemenway drum and bugle corps will lead.
An advertisement offers a $100 reward for an incurable case of catarrh and promotes Hall's Catarrh Medicine as a blood based remedy. It claims thirty five years of use, promises health improvement, and urges readers to send for testimonials from F. Heney and Co. Toledo Ohio and to buy through druggists.
Qualified as Administrator BH. Davis notifies all claimants to present claims by January 10, 1919. Notice warns that claims not presented will be barred. Debtors are requested to make prompt payment. Dated January 9, 1913. 1-10-law. Ow-Thursday.
State of North Carolina New Hanover County gives notice of foreclosure under two mortgages dated 1910 and 1918 to Geo O Gaylord. Sale set for February 18 1918 at noon at the courthouse door New Hanover County for cash. Attorneys Wm B Campbell post dates January 16 1918.
Editors of three states meet in Memphis Tennessee January 24 to discuss closer cooperation to safeguard daily and weekly newspapers under wartime conditions. The Tri State Press Association includes Mississippi Tennessee and Arkansas.
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