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The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990, February 09, 1940, Image 9

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HEAVY BUYING ADVANCES STOCK MARKET’S LEADERS
PLANES, steels,
MOTORS ADVANCE
Thir(l Consecutive Rallying
Session And Volume Ex
pands On Last Lap
| Ry FREDERICK GARDNER
Nh'W YORK, Feb. 8- — (A?) —
H aVy buying in the final hour of
,aV'g stock market put leaders up
"to around 3 points.
1 Aircrafts, steels, motors, rubbers,
*, orders, rails and a wide as
■unent of specialties were in the
IVront of the s'v'ing and the ma
jority closed at the best levels if
the day.
It was ike third consecutive rally
session and volume expanded
! lirply 00 the last lap- The As'
' "ia'ud Press average of 60 issues
Tas uP -6 c‘ a Point at ths ai3'
nnee duplicating that of Jan. 3.
Transfers totalled S67.820 shares
ajnst 491.280 yesterday, largest
turnover since Jan. 12. The con
cluding hour’s aggregate of 367,000
_ the too for any hour
-
«ince Dec. 30.
‘ T!ie iiSt was hesitant during the
forenoon, with prices irregular and
actively small- Aviations, however,
,veie ahead throughout and ex
tended their gains as the proceed
ings neared the end.
Brokers could find nothing par
ticular outstanding in the news to
account for the spurt. Speculative
forces, though, had noted the
marked drying up of offerings in
the past week or so, and the belief
be„an to assert itself that the
market had been pretty well sold
out and, possibly, had discounted to
a -reat'extent the recent industrial
recession. Short covering, combined
«ith quick-turn purchasing by trad
es. aided the late push.
Word that tool manufacturers
■would give precedence to aircraft
makers in an effort to speed both
domestic and foreign plane deliv
eries spurred the aviation group
General Motors' announcement that
January sales established a new
company record for that month
aided the automotive shares. Steels
revived following big Ford order
for the metal at prevailing prices.
Conspicuous stocks movers in
cluded Douglas Aircraft, Glenn Mar
tin, Boeing, United Aircraft, U. S.
Steel. Bethlehem, Chrysler, General
Motors, Great Northern, N. Y. Cen
liai. ■** .f v^viwq
house, American Can, Johns-Man
viiie, U. S- Rubber, Pullman and
Allied Chemical.
Atlas Powder jumped 1 1-2 to 70
on a report the British were ad
vancing funds for this concern to
construct a new explosives plant to
take care of Allied war needs. The
treasury yesterday ruled this money
would be regarded as a loan and
would not be subject to a tax on
income. International Paper pre
ferred touched a new 1939-40 peak
as talk of something being paid on
accui dated dividends was heard,
i New year's highs were also posted
for Dresser Mfg-, Brooklyn-Manhat
tan Transit and Studebaker, among
others.
Coppers failed to make much
headway. The price situation for
the red metal was still considered
cloudy. Utilities and oils also were
narrow.
After the close Chrysler directors
voted a dividend on the capital
stock of $1.23 a share. Most had
looked for a $1 payment, in view
of the corporation’s labor shut
''dwns last fall and the fact this
amount was disbursed in Decem
ber. The board revealed earnings
for 1939 amounted to $8.47 a share
wnn 54.32 :n iy38.
STOCK AVERAGES
30 15 15 60
Iniiiis Rails Util Stks
ket change . al.O a.5 a.2 a.6
Thursday ... 71-8 10.4 30.4 f.0-4
"tv. day ... 70.S 18.9 39.2 43.8
Month ago .. 71.9 19.4 39.9 50.G
“Or ago — 71.4 20.4 37.2 49-9
MJM high- 74.2 20.5 40.6 52.2
“f low- 69.9 18.6 39.1 49.2
Jo9 high ... 77.0 23-8 40.6 53.9
1139 low - 53.8 15.7 33.7 41.6
60 Stock Range Since 1927:
1937-38 1932-36 1927-29
f'°h - 75.3 72.8 157.7
Lu"' - 33.7 16.9 61.8
What Stocks Did
, Thur. Wed.
Advances - 546 341
weeklies .. 408 174
unchanged _ 457 215
iula| Issues _ 811 730
Miw York potatoes
kfcW YORK, Feb. 8.—UP)—Pota
iira irr*euIar> Upstate, No. 1, sacks
uw lbs'M Katahdin. fair 1.85-2.00:
a "'hitc, ordinary 1.40-50. No.
• tacks (100 lbs.), Long Island,
’(m M°Untain 2.15-25, fair 1.75
"• i poorer 1.50-65, some lower,
•amc, Green Mountain 1.95-2.00,
- tic i 2.05-10. New crop: bushel
l .y, .,0r. crate. Florida, Red Bliss
mostly 2.00-2.10.
miiwung cotton
Thf " ORLEANS, Feb. 8.—(2P)—
avc‘rase price of middling 15
hs-mch cotton today at ten
hi..i ’rn SI1&1' mai'kets was 4 points
at 10.77 cents a pound; av
so for the past thirty market
' was 10.78 cents a pound.
\-im??'V ORLEANS COTTON
g.'N, w ORLEANS, Feb. S.—<&)—
Dnrti . iu fo,eiSn markets and re
eral'm-mm Worth st-eet that sev
hanLrni’U°n yarrts of cloth changed
t'Oitrm &r, J,nchai>sed prices advanced
piir. futures here today. Closing
of . "erc steady at net advances
* 10 6 Points.
Hob ,0‘,on Hi»h Low Close
May " I-93 ^-f'12 f1-05 H-10 up 4
July " J®-‘4 10-83 10.72 10.80 up 5
Oft5 " 10-*8 !0 d7 10.37 10.45 up 6
Lfc "* o-'° a-73 3.66 3-71 up2
Jan " 3-57 9.33 9.56B
£-Bid J9,35 9-55 3.50B
----*
Closing Stock Quotations
(By The Associated Press)
Adams Exp _ 7 7-8 :
Adams Millis_21 1-2
Air Reduct _ 50 3-4
Alaska Jun _ 6 1-2
A1 Chem & Dye _177 1-4
Alleghany _ 1
Allis Chal Mfg _38
Am Qan -114 1-4
Am Car Fdy _ 26 5-8
Am Com! Aico _ 6 3-4
Am For Pow _ 1 7-8
Am Pow & Lt _■ 4
Am Rad & St S_ 9 7.8
Am Roll Mill _16 3-4
Am Smelt & Ref _50 3.4
Am Sug Ref _20
AT&T - 171 3-4
Am Tob B - 89 7-8
Anaconda _ 28 1-4 ,
Arm 111 - 5 3-4
A T & S Fe.. 24 3-4
ACL.. 19 7-8
Atl Ref _ 22 1-2
Atlas Power _70
Aviation Corp _ 7 i.g
Baldwin •_ 5 3.4
B and O _ 7
Barnsdall _ 12
Bendix Aviation _31 1-8
Bethlehem Steel _78
Boeing Airplane _25 1-4
Borden _23 1-8
Borg AA’arner _23 1-2
Briggs Mfg _21 3-4
Budd Mfg _ 5 3.8
Budd Wheel _ 5 3.8
Burl Mills _19 3.3
Bur Add Mach _12
Calumet & Hec _ 6 3-4
Can Dry _21
Can Pacific_ 5 1-8
Cannon Mills _39
Case J I - 69 3-8
Caterpil Trac _50 1-2
Champ P & F _23
Clies & Ohio _41
Chrysler - 83 7-8
Colum G & E _ 6 1-4
Coml Credit _ 48
Coml Solv _14 1-2
Comwlth & Sou _ 1 l-s
Consol Edis _31 7-S
Con Oil _ 7 1-4
Cont Can _45
Corn Prod _ 63 3-4
Curtiss Wright _ 10 7*8
'urtiss Wright A _ 29 7-S
Del Lack and W _ 5 1-4
Douglas Aircraft _85
DuPont _182
Eastman Kodak _160
Elec Auto Lt -37 1-8
Elec Po.v and Lt _ 6 3-4
Firestone _20 1-4
Freeport Sul _33
General Electric _33 5-8
General Foods _ 47 3-4
General Motors _ 54 7-8
Gillette _ G 1-4
Glidden . 18 1-2
Goodrich _18 3-4
Goodyear _ 23 5-8
Graham Paige _ 1 1-8
Gt Nor Ry Pf _25
Hudson Motors _ 5 5-8
Huppmobile Motors _ 7-8
Illinois Central _12 1-4
Int Harvest _55
Int Nick Can _ 36 3-4
Int Tel & Tel - 4
Johns Man _- 72
Kennecott _ 36 3-8
Kinney _ 2 1-2
Kroger Groc _ 28 7-8
Libby O F G1 _50 1-4
Ligg & Myers B _107 3-4
NEW YORK COTTON
NEW YORK, Feb. 8—OF)—Cotton
futures bumped into profit-taking
and speculative selling after a late
shift ahead today. An erratic ses
sion closed 4 points lower to 5
higher.
Liquidation in the March delivery
by leading spot interests put the
market at a disdvantage most of
the day. Traders estimated that
nearly 50.000 bales of the spot month
have been sold in the past week.
Offsetting this pressure was mod
erate support from Bombay and
Liverpool at the start. The far east,
however, offered several thousand
bales of December, which carried
that month back about 6 points.
Low prices were cancelled late in
the day when trade accounts got be
hind the market and Wall Street in
terests covered. Strength of many
Allied markets and securities was
accounted the main reason for the
rally. Outside gains were again
pared by renewed pressure.
Bidding appeared a little broader
in Worth Street textile markets. Al
though prices held steady, trade on
the whole was quiet.
Exports Wednesday 57,532 bales;
season so far 4,429,313. Port receipts
25,318; port stock 2,998,496.
New:
Open High Low Close
Mch — 11.15 11.15 11.rs 11.14B up 4
July .. 10.45 10.47 10.45 10.49B up 3
Oct — 9-64 9.68 9-63 9.67 up 1
Dee „ 9.54 9.57 9.50 9.56 uneh
Jan — 9.53 9.53 9.53 9.52B off 1
Old:
Mch „ 10.96 10.99 10.94 10.97 uneh
May — 10-63 10.70 10.61 10.67 up 5
July — 10.30 10.37 10.26 10 32 up 3
B-Bid.
Spot nominal: middling (7-8-ii)ch)
11.02
N. ¥. COTTONSEED OIL
NEW YORK, Feb. 8.—LP)—-The
cottonseed oil futures market was
cheered today by news Europe was
in the market for further supplies
of the staple. Prices rose 7 to 8
points, with September at one time
within 2 points of the season’s
high.
Improved domestic demand for
crude oil played a part in the ad
vance, together with the action of
lard.
Sales totaled 129 lots; Mch 7.00
bid; May 7.13 bid; July 7.23; Sep
7.32.
Crude oil sold in the southeast
and valley at 6 cents a pound and
in Texas 5 3-4—7-8.
CHICAGO LARD
CHICAGO, Feb. 8. — CP> — Lard
tierces 6.25; loose 5.42; bellies 5.25.
Loews __.__ 36 3_g
jorilard _ 24 1-2
Louis & Nash_59 1.4
Mack Truck _ 26 3-4
McCrory Stores _16
Mo K T _ 7.3
Mont Ward _54
Murray Crop _7 4.3
Slash Kelv ■_ 6 3-4
'Tat Bisc _24 1-8
Slat Cash Reg _ _ 15 3-4
Tat Dairy Prod _16 5-8
Tat Dist _24 1-8
Tat Lead _ 19 1-2
Tat Pow & Lt_ 8
T Y Cent _17 3-8
To Am Aviat _26 1-4
Torth Am _ 21 3-4
Tor Pac _ 8 7-8
Ohio Oil _ 7
Jtis Elev _17 1-4
Pac & E _ 34
Pac Mills _14 3-4
3ackard _ 3 3-8
Param Pix _ 7 1-8
Penny J C _89
Penn Dixie _ 3 3-8
Penn R R . 22 5-8
Phillips Pet _40
Pitt Scr & B _ 7 3-8
t*Ub SVC JN J _4!
Pullman _29
Pure Oil _ 8 5-8
Radio _- 6
Rad K O_ 1 3-8
Rem Rand _ 9 3-4
Rep Stl _21 3-8
Reynolds B _ 40 5-8
Seag A L _.._ 3-8
Seab Oil _18 3-8
Sears _ 84 7-8
Shell Un _ 11 3-8
Socony Vac _11 3-4
Sou Pac _-_13 7-8
Sou Ry _18 5-8
Sperry __— 46 1-4
Std Brands _ 1 1-8
Std Oil Cal —.-._ 24 3-8
Std Oil ind .-.27 1-4
Std Oil N J —.- 44
Stewart Warner _ 8
Studebaker _10 5-S
Swift -. 22 7-8
rex Corp - 43 5-S
rex Gulf Prod- 3 5-S
rex Gulf Sul .- 35
rimken Det Ax -22 1-4
rransamer _ 6 6-8
IYans & West Air-15 1-4
Un Carb -81
Jn Pac -03 1-2
Unit Aire -49
Unit Drug - 5 1-8
Unit Fruit _82
Unit Gas Imp -14 1-2
U R Pipe _37 1-4
J S Rub - - 38 1-8
J S Smelt & Ref -~ 03 1-2
U S Steel -61
ranadulm - 32 7-8
rick Chem -44
Ca Caro Chem - 3 3-8
Warner Pic - 3 7-8
Western Union - 24 3-4
West Elec and Mfg-112 l*2
Wilson _ u 3-4
Woolworth -41 1-8
fell T and C -47 3-4
youngs S and T .— 42 3-8
Total sales 867.820.
CURB
Asso G and El A - 3-16
Can Marconi - 15-16
Cities Service - 4 1-4
El Bond and Share - 7 l-4
Gulf Oil —. 36 1-4
FOREIGN EXCHANGE
NEW YORK, Feb. 8.—(iP)—Lead
ing European monies today contin
ued in relation to the dollar on
the downward path which was
started at the beginning of the
week.
Losses were small, however, and
several leading currencies managed
small gains.
Sterling was unchanged. The
French franc lost .00 1-8 of a
cent, the belga .02 of a cent, the
Swiss franc 00 1-2 of a cent and
the guilder .02 of a cent.
The Canadian dollar snapped out
of Wednesday’s severe decline with
a gain of .064 1-2 of a cent.
Closing rates follow (Great Brit
ain in dollars, others in cents):
Great Britain, demand 3.97 1-4;
cables 3.9S; 60-day bills 3.96; 90
dav bills 3.94 1-8; Belgium 16.83;
Denmark 19.33; Finland 1.80n,
France 2.25 5-8; 'Germany 40.20n
(benevolent 16.50); Greece .73 l-2n,
Hungary 19.50n, Italy 5.05, Nether
lands 53.20, Norway 22.73, Portugal
3 70n, Roumania 6.3n, Sweden 28.83,
Switzerland 23.42 1-2, Yugoslavia
2.35n, Argentina official 29.77, free
23.25, Brazil official 6.05, free 5.10,
Mexico 16.75n, Japan 23.49. Hong
kong 2479, Shanghai 7.45.
(Rates in spot cables unless oth
erwise indicated. n-Nominal.)
STOCKS IN THE SpofGIG”J
NEW YORK. Feb. 8--®—*
closing price and net change of
fifteen most active stocks toaa./
Studebaker, 24,000—10% ; a»
Curtiss-Wright, 22,600—10 '/$ ; a :•
US Steel, 16,300—61 ; a’29s.
Int Pap and Pow, 15,100—14; a/s
Conh Motors, 13,300—4%; aVe.
_ _ _ 4 n rtnn 1 H i/„ • ft -*/4-.
Gen Motors, 12,500—54 ‘/a ; a ,g.
NY Central, 12.300—*,,
Am Rad Std San, 11,400—9 /g ; a%.
Lockheed Aire, 10,200—32; al.
US Rubber, 9,400—38%; al%
Martin G L, 9,100—41%; a2%.
Repub Steel, 8,900—21%; al%.
Celanese, 8,600—28%; al%.
Coml Solv, 7,900—14%; a*.
NAVAL STORES
SAVANNAH, Feb. 8.—(AO—1Tur
pentine firm, 35; offerings 37; sales
37; receipts 3; shipments none;
stock 18,048. Rosin firm; offerings
51*sales 51; receipts 130; ship
ments none; stock 197,420. Quote:
B D 4.75; E5.10; F 5.20; G, H
5 40* I. K, M 5.50; N 5.55; WQ
5lco’; WW, X 6.20.
BALTIMORE HOGS
BALTIMORE, Feb. 8—(A>)—(U. S.
Dept. Agr.)—Hogs 1,400; slow, 10
or more lower. Good and choice 1.0
210 lbs. 5.85-6.10; 220-240 lbs. 5.55-80;
140-160 lbs. 5.50-75; 250-300 lbs. 5.15
55; 120-140 lbs. 5.15-40; packing
sows 4.10-60.
\
ISSUES ADVANCE
IN BRISK TRADE
Rails And Utilities Lead Pa
rade Of Corporate Bonds
To Higher Ground
NEW YORK, Feb. 8—(■S’)—Bonds
bounced up major fractions to more
than a point in an afternoon of brisk
Sealing today.
Following a dull morning, traders
went to work just before the clos
ing bell, and the final record of
transactions was the best since Jan
uary 11—$7,367,650, face value, com
pared with $5,780,500 yesterday.
Rails and utilities led the parade
of corporate issues to higher ground
with U. S. and foreign government
dollar loans holding their positions
Firm Iv
The federate had little play, and
ended the day 2-32 point higher to
1-32 point lower, with the majority
if quotations unchanged.
Standard Gas & Electric and
Standard Power & Light bonds were
accorded much interests in the curb,
climbing around two points.
Baltimore & Ohio issues were hit
for losses of more than a point by
the management’s announcement
that contingent interest would not
be paid in May.
Among the rails and others which
advanced major fractions were De
troit Edison 4 l-2s at 109 3-4; Erie
5s of ’75 at 15 1-2; International
Telephone os at 41 5-8; American
Water Works 6s at 107 3-4; St. Paul
3 l-2s of '89b at 23 1-4; Southern
Railway 4s at 59; and Nickel rjato
4 l-2s and 5 l-2s at 56 3-8 and 66
3-8, respectively.
Most active and best gainers
among foreign governments were
Latin Americans, particularly issues
of Argentina, Cuba and Brazil.
BOND AVERAGES
20 10 10 10
Rails Indus Util For
Net change _ a.2 unch a.l a.l
Thursday 58.1 102.2 96.3 51.2
irtcv. uuy yu.6 ox*u
Month ago — 59-1 102.5 9C.7 51.6
Year ago — 59.1 99.1 94.1 61.8
1940 high ... 59.9 102.6 96.7 51.6
1940 low _ 57.3 101.9 96-1 50.1
1939 high ... 64.9 102.0 97.5 64.0
1939 low _ 53-4 95.8 90.4 41.7
10 Low Yield Bonds
Thursday _112.5
Prev. day _112-5
Month ago - 111.9
Y'ear ago _111.3
1940 high _112.5
1940 low _ 111.5
1939 high _112.6
1939 low _•— 103.6
NEW YORK SUGAR
NEW YORK, Feb. 8—CSS—World
sugar futures stepped ahead briskly
today tvhen trades heard Europe
was in the market for sizable
amounts of refined sugar.
Final prices were up 2 to 4 points
on sales of 12,300 tons; March 1.57,
May 1.56 1-2.
Finland bought a cargo of refined
at 2.15 cents a pound F. A. S.;
Greece was reported interested in
about 10,000 tons; and Great Bri
tain was said to be in the market
for more supplies of Cuban raw
sugar.
Despite considerable activity in
the domestic list, final prices we 3
unchanged to only 1 lower. Turnover
amounted to 21,150 tons. Hedge sell
ing and purchasing were evenly id
vidend.
In the raw market three lota of
Cubas ;,i prompt and later pos.tions
were held at 1.95 C & F but buying
interest was slack.
Refined moved quietly at 4.50
certs.
No. 3 range follows:
High Low Close
March . 1.87 1.87 1.87
May _ 1.94 1.93 1.94
July _ 2.00 2.00 2.00
Sep. _ 2.03 2.03 2.03
Jan. _ 2.01 2.01 2.01
RICHMOND LIVESTOCK
RICHMOND, Va„ Feb. S. — (J>) —
(USDA)—Livestock: Hogs—Good and
choice 1G0-250 lbs. 5.10-5.60; 120-140
lbs., 4.30-4.80; 140-160 lbs., 4.80-5.10;
250-200 lbs., 4.60-5.10; over 300 lbs.,
4.35-4.85. Sows under 350 lbs., 3.60
4.10; over 350 lbs., 3.10-3.60.
Steers—Strictly good fat butcher
8.25-8.50, mediums, 6.50-7.50, com
mon, 6.00-6.00.
Heifers—Average run nearby me
dium, 5.50-6.50; good beef breed, 7.50
8.00.
Cows—Strictly good fat butcher,
5.50-5.75; mediums, 4.50-5.25; com
mon and canners 3.50-4.50.
Vealers—Good and choice, 11.00
11.50.
Bulls—Good fat butcher, 6.00-6.50;
extra choice slightly higher; lights
5.00-6.00.
CASH GRAIN
CHICAGO, Feb 8. — UP) — Cash
wneat No. 2 mixed 1.01 3-4.
Corn No. l yellow 58— 59 1-4;
No. 2. 57 3-4—58 1-2; No. 3, 57—
58 1-4; No. 1 white 66 1-4; No. 2,
66 1-2.
Oats sample grade mixed 41;
No. 2 white 44; No. 3, 43 1-4—44;
No. 4, 42—42 1-4.
Soy beans No. 3 yellow 1.05 1-2;
No. 4, 1.04 1-2.
Barley, malting, 55-64 nom.; feed
40-50 nom.
Field seeds per 100 lbs. nominal;
timothy seed 4.90—5.25; sweet clov
er 4.50—5.25; red clover 12.50—
15.00; red top 8.50—9.00; alsike
15.00—18.00; alfalfa 18.00—23.00.
CHICAGO BUTTER
CHICAGO, Feb. 8.—(A?)—Butter
740,180, easy; creamery 93 score,
29 1-2—30; 92, 29; 91, 28 3-4; 90,
28 1-2; 89, 28 1-4; 88, 28; 90 cen
tralized carlots, 29.
Eggs 10,244, firm; fresh graded
extra firsts local 25 1-2, cars 25
1-2; firsts local 24 1-2, cars 24 3-4;
current receipts 24,
Closing Bond Quotations
(By The Associated Press)
GOVERNMENT BONDS
Treasury
Fis 41 _105.1
F/4s 46-44 _ 110.9
F%s 39-46 _111,7
2s 50-48 _10S.2
2%s 53-49 __105.6
2%s 52-50 _„_105.8
2%S 60-55 _107.14
2%s 59-56 _106.12
2%s 63-58 _106.2
2%s 65-60 _-_106.3
Federal Farm Mtg.
FIs 64-44 _ 108.11
Home Owners Loan
214 s 44-42 _]_- 104.17
3s 52-44 - 107.23
1%S 47-45 --- 101.16
DOMESTIC
A.T and SF 4s 95 _.... 106
B and O Cvt 4%s 60.— 15%
Bkn Un El 1st 5s 50_ 91%
Can Pac 4s Perp _ 65%
Chi E 111 5s 51 . 17%
Chi Gt West 4s 59 _ 27
Cri and p Rfg 4s 34_ 5%
Clev Un Term 514s 72 _ 8814
Llev Un Term 4%s 77C_ 72%
Erie Rf 5s 67 __ 15 V2
CHICAGO GRAIN
CHICAGO, Feb. 8— Iff) —An ad
vance of two cents a bushel today
tarried wheat prices to their highest
level in two weeks, May contracts
closing within 1-8 of the dollar--'
bushel mark. No. 2 mixed wheat
sold for $1.01 3-4 in the spot market.
Buying inspired by a forecast of
much colder weather over most of
the grain belt, giving rise to fear of
possible crop damage due to freezing
and thawing, apparently was the
most important factor in the up
turn. Rising prices brought numer
ous previous “short” sellers into the
pit to cover their commitments and
this speeded the upturn.
An added factor was evidence of
accelerated European purchases of
farm commodities, including C-.n
adian wheat and other grains and
some U. S. lard. There were various
reports of U. S. wheat and flour
sales for export from Atlantic and
Gulf ports but government officials
denied that the subsidy plogram for
these operations had been reinstated.
After an early fractional decline,
wheat rose 1 5-8—2 1-8 from the lows
and closed 1 1-2—1 7-8 higher than
yesterday, May 99 3-4—7-8, July 97—
97 1-8. Corn finished 1-2—3-4 up,
May 56 5-8—3-4, July 56 5-8; oats 1
higher; rye 1 1-2—1 3-4 up and lard
13-15 higher.
Temperatures as low as 5 or 10 de
grees above zero were predicted for
some sections of the hard winter
wheat zone. If reached, these tem
peratures would compare with yes
terday’s high ranging from around
50 to 60 degrees. Crop experts said
rapid temperature changes in areas
where wheat is not protected by
ample snow might do some harm.
Recent high temperatures were be
lieved to have erased much of the
snow covering although more pre
cipitation fell the past 24 hours and
tile morning survey said depth of
snow in Kansas ranged from 1-2 to
4 inches while in Texas and Okla
homa there was no covering.
Open High Low Close
WHEAT:
May _.97% 99 74 97% 9975
Juiv —.95% 87 74 9 5 74 9 7 75
Sept .— 94% 96% 94% 96%
CORN:
May _. 55 75 56% 5575 56%
Juiv _ 5575 56% 5 5 75 5 6%
Sept _ 5674 5774 56% 5774
OATS:
May -.- 39 74 4 0 % 3 9 74 4 0 75
Juiv _34% 35% 34% 357-4
Sept -.32% 3 3 74 3 2 % 33%
SOY BEANS:
May _103 74 10574 10374 10574
July _-10 1 74 1 03 1 0 1 74 1 03
RYE:
May _65% 67% 65 74 67%
July _64% 6 6 75 6 4 % 6675
Sept -_ 6 5 74 6 7 74 6 5 74 6 7
LARD:
Mch _ 6.27 6.35 6-21 6.35
May _ 6.45 6-52 6.45 6.50
Juiv _ 6.60 6.72 6.60 6.711
Sept _ 6.77 6.90 6-77 6.90
Oct _ 6.95 6.95 6.92 6-95
BELLIES:
Mch _ _ 5.80
May _ _ _ 6.15
SPOT COTTON
CHARLOTTE, Feb. 8.—<iP»—Spot
cotton 10.70.
Fla East Cst 5s 74 _ 6%
Hud Coal 5s 62A _ 33%
Hud and Man Rfg 5s 57__ 47%
tnt Mer Mar 6s 41_ 68
L and N 4%s 2003 _ 91%
M K and T Adj 5s 67_ 674
Mo Pac Gen 4s 75 _ 274
NYC Rf 5s 2013 _ 5974
N and W 4s 96 _ 125 74
Nor Pac 6s 2047 _ 57 74
Penn RR Gen 4%s 65 _1C274
Phil Read C and I Cv 6s 49 - 374
Purity Eak 5s 48_ 10474
SAL Con 6s 45. 7%
So Pac Rfg 4s 55__— 59 74
So Ry Cn 5s 94_1_ 8774
So Ry Gen 4s 56_ 59
Third Ave 4s 60 _ 53
West Md 4s 52 _ 84
FOREIGN
Australia 5s 55 _ 87%
Australia 474s 56 _ 80%
nr 1 ao 34
Brazil 6%s 26-57 _ 16%
Ger Govt 7s 49 _ 11%
Italy 7s 51 -- 70%
Japan 6%s 54 _ 82%
Crient Dev 5%s 58_ 54
CHICAGO LIVESTOCK
CHICAGO, Feb. 8—(£>)—Hogs sold
around steady today in trade that
closed fairly active with top at $5.55.
Mostly steady prices were realized
on rank and file of the steer and
heifer crop. Demand was broadest
for medium to good kinds selling
under $9 with top of $11.65 paid for
1,096-pound yearlings. Clearance was
slow. Lambs cashed slowly at gen
erally 15-cent lower prices, topping
at $9 sparingly with bulk selling
from $8.75 to $8.85.
(U. S. Dept. Agr.)—Salable hogs
16,000; total 20,500 ; opened slow,
closing fairly active, around steady
with Wednesday’s average; bulk
good aiid choice 180-240 lbs. 5.25-50;
top 5.55; most 240-300 lbs. 4.85-5.35;
few 300-400 lbs. 4.65-90; sows barely
steady; bulk 360-500 lbs. 4.10-40;
light butcher kinds around 4.60;
shippers 3,000; estimated holdover
1,000.
Salable cattle 4,000; salable calves
1,000; all grades yearlings and light
steers and medium to good weighty
bullocks fully steady; strictly good
and choice mediumweight and
weighty steers dull weak; trade
again very uneven especially on 1,
200 to 1,500 lb. fed steers of values
to sell at 9.75 up to 10.50 and better;
extreme top 11.65 paid for long year
lings best mediumweights around
11.00; very little above 10.00; gen
eral killing quality only medium to
good bulk crop going at 8.00-9.75,
heifers strong choice kinds absent;
best 9.25; with mixed offerings up
to 10.50; most heifers 7.25-8.75; cows
firm cutters 4.75-5.10; beef bulls 5.25
75; bulls and vealers steady small
killers paying 11.00 for more choice
vealers than Wednesday mostly
10.00-50; outside on weighty sausage
bulls 7.25 mostly 6.75-7.00; Stockers
and feeder still dull and unevenly
lower.
Salable sheep 9,000; total 9,000;
slow; mostly 15 lower on all classes;
lambs top 9.00 to outsiders; packer
top 8.90; bulk 8.75-85; 101 to 112 lb.
wooled lambs 8.50-85; bulk fed west
ern ewes 4.75-90 top 5.00.
CHICAGO POTATOES
CHICAGO, Feb. 8— CP) —(U. S.
Dept. Agr.)—Potatoes 86 on track
348, total US shipments 610; dull,
supplies liberal demand slow; sack
ed per cwt. Idaho Russet Burbanks
US No. 1, very few sales 1.S0-95;
Nebraska Bliss Triumphs washed US
LUUJ1UC1 L1U1S OUUJC BJlUlVina b[jiuuib
1.50-60; Michigan Russet Rurals US
No. 1, car 1.35; Minnesota and North
Dakota Red River valley sectioi.
Cobblers 65 to 85 per cent US No. 1,
fev.- 1.15-25; Bliss Triumphs 65 to
90 per cent US No. 1, 1.10-30; Wis
consin Round Whites US No. 1,
1.35; netv stock about steady, sup
plies light demand very light, less
than carlots bu. crates Florida Bliss
Triumphs US No. 1, washed few 2.10.
PEANUTS
SUFFOLK, Va., Feb. 8.—UP)—
Peanut quotations: Jumbos 4; belt
3 5-8 to 3 3-4; runners 3 3-8 to
3 1-2. Market remains unchanged.
t
Chrysler Corporation
Declares $1.25 Dividend
NEW YORK, Feb. 8—(.£>)—Direc
tors of Chrysler Corp., today declared
a dividend of $1.25 a share on the
capital stock. At this time last year
a dividend of $1 a s e wag paid
while total 1939 payments were $5
a share.
The corporation reported for 1939
net profit of $36,879,829 or $8.47 a
share compared with $18,798,294, or
$4.32 a share in 1938.
The dividend is payable March 13
to stock of record Feb. 19.
Earnings in the final quarter of
1939 were indicated to be $5,476,711,
equal to $1.25 a share, compared
with $12,126,416, or $2.79 a share in
the comparable 1938 quarter.
NEW YORK EGGS
NEW l'ORK, Feb. 8— UP) —Eggs
9,022; firm. Mixed colors: fancy to
extra fancy 27 3-4—28; extras 26 1-4
—3-4; storage packed firsts 27 1-4;
graded firsts 27; seconds 26 1-2—3-4;
mediums 26 1-2; dirties No. 1, 25 3-4;
average checks 23 1-4—3-4. Refri
gerator eggs unquoted.
N. C. HOGS
RALEIGH, Feb. 8.—CP)—(NCDA)
—The Fayetteville hog market drop
ped 10 cents a hundred pounds to
day to a top of 5.35. Rocky Mount
and Kinston markets held steady
at a 5.35 top.
SPOT COTTON
NEW ORLEANS, Feb 8.—(.11 —
Spot cotton closed steady 5 points
higher. Sales 1,832.
Low middling 9.75; middling 10.85,
good middling 11.30; receipts 15,
001; stock 803,458.
One type of chair older than the
Windsor is the Brewster, composed
entirely of turned spindles with
wood or rush seats.
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PENDER HAS YOUR LENTEN NEEDS!
LAND O’ LAKES AMERICAN
(HEESE.lb 20c
Colonial Sauerkraut, 2 cans .. 17c
ALASKA PINK
SALMON 1 a 27c
Hot Cross Buns, dozen.15c
GREEN GIANT ■ J
P E A S 2 'Si 29c
Colonial Mackerel, 3 cans_25c 1
LIBBY’S TOMATO i1
JMICE 3 g-' He
Dole Pineapple Gems, 2 cans.. 19c
OLD VIRGINIA f
SYRUP 2 g 2Pc
Doule-Fresh, D.P. Coflee, lb. ,20c
DIXIE DELIGHT ‘i
PANCAKE C 5c
I Triple-Fresh, Our Pride Bread 8c
COLONIAL SPAGHETTI OR l
MACARONI g 4c
Fresh Cocoanuf Layer Cake . .35c \
LIGHT MEAT
TUNA FISH can 15c
• Fruits • Vegetables •
New Bed Bliss Potatoes, 6 lbs. 25c
U. S. No. 1 Potatoes, ID lbs... ,29c
CELERY, Ige. stalk, 2 for.... 15c
IF ancy Green Cabbage, 6 lbs.., 25c
York APPLES, 3 Iks.10c
Winesap APPLES, 6 lbs.25c
Large GRAPEFRPIT, 6 for. 25c
LEMONS, doz.25c
i ■!
8

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