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The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990, March 05, 1940, Image 9

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SELECTIVE rallying twinges felt in stock mart
|0D MARKS CUT
in latetrading
. vews Cheerful In Spots
^But Fails To Influence
Many Shares
. FREDERICK GARDNER
YORK, March 4- <® “
rallying twinges, especial
I<Lb and aircrafts, were felt
t3' crock market but numer
ic showed few signs of life.
:S5.. , , yt ragged at the start,
around midday when
W*??, turned up fractions to
C point for favorites. Best
(S*1® * reduced a trifle at the
*f?.nd losers were plentiful.
^ Associated Press average of
IWi8 was unchanged at 49.4.
»** of 457,670 shares com
Irsn; lh 601.150 last Friday.
I»red ‘ news was cheerful in
9 but neither good nor bad
lP°E mb ed to influence the major
lie®sflares to any great extent.
L°ers continued to step light y
S awaiting more assurances Eu
" war purchases would broaden
Tdomestic business shake off its
“ nt pronounced lethargy.
"£1 of foreign selling of Amer
...securities remained as a cloud
,he market horizon, but some
® stressed the fact overseas
brings to date have been substan
“ vleES than in the 1914-17 period.
iL was the first day in which
h, British government began to
te over stocks of 60 United States
“orations held by her nationals,
avin: for them with pounds ster
[dj,, 0f 1.3 points in this week’s
Btiaiated steel mill operations was
J Jjne with expectations and was
virtually ignored by stocks in this
division.
Motors shifted over a slim groove
^ough it was forecast output of
uascenger curs and commercial
:,i:des ill the current quarter would
I, second only to the like period
I iJiJ.
aboard Air Line v as the most
1,lock of the session, turning
,::i several 10.000-share blocks,
jijeup 12 1-2 cents at 37 1-2 cents
ashare, but ended unchanged at 25
CfRlS
.tmons stocks on the upside were
l(. Steel. Bethlehem. Douglas Air
trait. Gler.n Martin, American Tele
phone. Santa Fe, Bulova Watch,
Square "D,” Austin Nichols, Ana
conda. Kennecott, Phelps Dodge and
Standard Oil of NT. J.
Aircrafts were aided by estimates
of record backlogs for this industry
Coppers drew a following on word of
additional sizable buying of the red
metal by the French.
Higher in the curb were Alumin*
ui of America. American Gas,
hole Petroleum, Royal Typewriter
2(1 Tampa Electric. Transfers here
approximated 126.000 shares against
1S5.000 Friday.
; STOCK AVERAGES
30 15 15 60
Indus Rails Util Stks
Xet change . unch unch unch unch
Monday . 70.S 18.5 38.5 411.4
Prev. day — 70.8 18.5 38.5 43.1
Month ago .. 69.9 IS.6 39.1 49.2
Par ago ... 73.S 22.5 39.0 52.1
IWi high ... 74.2 20.5 40.G 52.2
low .... 69.9 IS.5 38.5 43.2
1S5! high — 77.0 23.8 40.6 53.9
US! low .... 58.8 13.7 33.7 41.6
I 60-Stock Range Since 1927
1037-38 1932-36 1927-29
H'Sh . 75.3 72.8 157.7
. 33.7 16.9 61.8
What Stocks Did
,. Mon. Sat.
Advances . 276 160
bee-lines___ 166 212
Unchanged ......._ 204 202
Total Issues . 648 574
foreign exchange
XE"' YORK, March 4.—(JPl—The
Wish pound sold at $3.91 3-8 in
Krms of the dollar in the foreign
Hchang-e market today, a drop of
• JS cents and equal to the year’s
™est price.
Canadian dollar, which often
W'es in sympathy with the Eng
,'n money, declined nearly 1-3
snt- The French franc dipped .00
! of a cent.
Pressure on sterling coincided
™JUI!’ors f™m overseas money
„ri 8 lat London plans still more
aontrol of foreign money
i’.ttsJ' Object of the latest plan,
aunrh- Said’ "as curta|lment of the
U.,: of “free’ Sterling in the
“Men market.
and belga each a<b
franr- f a rPnt- The Swiss
“c "a» unchanged.
.tan? rates follow (Great Brit.
Great p ° ars' othprs in cents):
cables 3«?ta'n’ ,Jemand 3.90 3-8,
»Hav 'b‘n s 3t'8fi’-6?‘Gay bil,s 339
Denmark v?-°'8; Ce,3ium i«-91:
Franc,,,. ’'in limd 1.07n;
'benevolen,"1 ,!'8i Ge™any 40.20,
Hungary }h.9°), Greece ,73n;
eland,".,ltalY 5-03; Neth
3!?n r X°rWay 2273 = Po1"
48; sJnl Puman,a -«3n; Sweden
4in; Areent-an<l 22'43; Yugoslavia
4(3; J“Cn.,,,a' official 29.77, free
lli. J,»'ong 24.38; Shanghai
'Fates i,,
%Trjse >ns- pot cables unless
* m<3lca^- n—Nominal.)
"larked drmT r ’ March 4—The
ianuary ln bURiness activity in
biimate of St,rpf*Pcted today in an
“"ferenrr , P National Industrial
"IPnt in the mrd. ’hat unemploy
ftr »nt from nnnth roRe nearly n
■r--ivate eu ,"!mb"r" Tbe hoar(1
°taI uncmnitu Stlfal orKani«Ltion.
>tedatPl9n jn Ja"«a«T was
'""M wi»h . anl’®00 Persons, com
"* iWl^OO n ’ 00 in Member
y January, 1939
L^icag?"^0 yS
••»;. hi,Va2.1T<®-I*ra
bellies 5.12.
t
\
— ■ --- ' *
Closing Stock Quotations
(By The Associated Press)
Adams Mills_mm____ 21 1.2
Air Reduct___ 48 7-8
Alaska Jun_ 6 1-4
A1 Chem & Dye__ 175
Alleghany ____ 7.3
Allis Chal Mfg_36 3-4
Am Car Fdy_ 26
Am Can _.r-114 3.4
Am For Pow_ 1 1.2
Am Pow & Lt_ 3 i-2
Am Rad & St S_ 9 1-8
Am Roll Mill_14 7-g
Am Smelt & Ref_ 48 7-8
Am Sug Ref _21 3-8
AT&T-- 172 5-8
Am Tob B_...____ 88 1-2
Anaconda _......_ 29 3-8
Arm 111_ 5 3.4
A T & S Fe _ 23
ACL . 18 1-8
Ati Ref---..._22 1-2
Aviat Corp _ 6 3-8
Baldwin _...._15 1.4
B and O _ 5 1-8
Barnsdall _ 11
Bendix Aviat_ 32 1-2
Beth Stl _76 1-8
Boeing Airpl _23. 5-8
Borden _.... _ 23 3-8
Borg Warner___22 1-4
Briggs Mfg - 20 3-8
Budd Mfg _ 5 1-8
Budd Wheel _ 6
Burl Mills _.. _18
Bur Add Mach_12 1-8
Calumet and Hec __ 7 3-8
Can Dry -21 1-8
Can Pac___ 5 5-8
Cannon Mills _ 37 3-4
Case J I -68
Caterpil Trac _50
Champ P & F _23 1-4
Ches & O _39
C M fit P G p Pf _ 3.I6
y aici _______e>6 0-3
Coca Cola _121
Colum G and E __ 5 3-4
Coml Credit_46
Coml Solv _13 3-8
Comwlth and S'ou_.. 1 1-8
Consol Edison _ 30 7-8
Con Oil _ 7 1-4
Cont Can _.___ 45 3-4
Corn Prod _......._ 62 3-4
Curtiss Wright___10 1-4
Curtiss Wright A .......... 29 1-8
Doug Aire ....._____ 82 3-4
Dow Chem _ 156
DuPont _ 184 3-4
Eastman Kodak_-_149 1-2
Elec Auto Lt_____38
Elec Pow A Lt _ 5 1-8
Firestone _....__ 20 1-4
Freeport Sul_ 34 1-2
Gen Elec _38 1-4
Gei. Foods __ 47 7-8
Gen Mot ..- 52 3-4
Gillette . 6 1-2
Glidden _17 5-8
Goodrich _.....-..... 19 1-8
Goodyear _ 23
Graham Paige .....- 1
Gt Nor Ry Pf_23 1-4
Hud Mot _ 5 3-4
Hupp Mot __ 3-4
111 Cent _11
Int Harvest _ 53 3-4
Int Nick Can _36 1-8
Int Tel and Tel_ 3 7-8
Johns Man ---— 70
Kennecott __....._... 37 1-8
Kroger Groc _-— 29 1-2
Libby O F G1_49 1-2
Ligg and Myers B -108
Loews -_____....... 34 3-4
Loft - 29 3-4
Lorilard _ 24 3-4
Louis and Nash__gg
Mack Truck --._25 1-4
McCrory Stores _15
Mo K T ___ 3.4
Mont Ward _53 7.8
Murray Corp _ 7 3.4
Nash Kelv _ g H2
Nat Bisc _ 24
Nat Cash Reg _14 7.8
Nat Dairy Prod . 16 5-8
Nat Dist _24 1-2
Nat Lead___._21 3-4
Nat Pok & Lt_ 7 3-8
N Y Central_._16 1-8
No Am Aviat- 24 5-8
North Am_20 1-2
Nor Pac_._ 8
Ohio Oil _....._ 6 1-2
Otis Elev _ 15 7.8
Pac G A E - 33 3-8
Packard ___..... 3 1-4
Param Pix_ 7 1-8
Param Pf-89
Penney J C _89
Penn Railroad_ 22 3-8
Phillips Pet _ 36 1-2
Pitt Scr and B _ 6 7-8
Public Service N J___ 40 3-4
Pullman _ 26 3-8
Pure Oil _ 8 3-8
Radio _ 5 5-8
Rad K O _ 1 1-4
Remington Rand _10
Rep Stl _ 20 S-4
Reynolds B ___..... 41 1-8
Seab A L _ 1-4
Stars ___.... 83 1-8
Shell Un -10 7-8
Socony Cac _ . ...... 11 1-8
Sou Pac _12 5-8
Sou Ry . 16 1-2
Sperry - 44 1-4
ota jorauus _ & y-s
Std Oil Cal--24
Std Oil Xnd _26
Std Oil N J -. 43 5-8,
Studebaker _....._11 5-8
Swift __23
Tex Corp -44 1-2
Tex Gulf Prod__ 3 3-4
Tex Gulf Sul _3 3-4
Timken Det Ax _23 1-8
Transamer _ 5 1-2
Trans & West Air_15 1-2
Union Cardibe_84
United Aircraft _47 1-2
United Corp ___ 2 1-8
United Drug_ 5 1-4
United Fruit _77 1-2
United Gas _12 1-2
U S Ind Alco ___21 3-8
U S Pipe ___36 1-2
U S Rubber___35 1-2
U S Smelt and Ref __61 1-4
U S Steel _ 58 3-S
Vanadium ___... 33
V» Caro Chem _ 3 1-4
Warner Pic _...._... 3 3-4
Western Union _...-- 23 3-4
West Elec and Mfg___113
Wilson _ 5 3-4
Woolworth _ 40
Yell T and C_17 1-4
Youngs S and T___ 41
Total sales 457,670.
CURB
Asso G & El A_ 3-16
Can Marconi_ 1 1-8
Cities Service_ 4 1-8
Colon Dvmt_ 1 7-8
El Bond & Share_- 6
Gulf Oil . 34 1-2
NEW YORK SUGAR
I NEW YORK. March 4— </P> —
Sugar futures prices remained v'r
tuaily stationary today on one of the
smallest sales tallies for the year.
In the world list 2,600 tons
changed hands and in the domestic
1,000 tons.
Trading interest was blanketed
from start to finish by a complete
dearth of news affecting the mar'
ket.
Closing prices in the domestic
contract were unchanged. World
prices were 1-2 lower to 1-2 higher:
May 1.58 bid, Sep. 1-56 1-2.
Only sale of raw sugar reported
was transfer of 5,000 tons of Puerto
Ricans clearing March 13 at 2.85
cents a pound. Philippine offerings
ranged from 2.88 to 2.92 cents.
Eastern firms continued to quote
refined at 4.50 cents a pound. Beet
sugar was reported available here
at 4.30 and there were indications of
some export refined inquiry from
South America and Europe.
No'. 3 range follows:
High Low Close
May_ 1.93 1.92 1.92
July _ 1.99 1-99 1.99
Sep. ..- 2.04 2.04 b2.03
Jan. _-_ 2.01 2.01 2-01
NEW YORK POTATOES
NEW YORK, March 4.—(fPi—Po
tatoes dull. Upstate, No. 1, sack
(100 lbs.), katahdin, good 2.15, fair
1.75 to 85. No. 1, sacks (100 lbs.),
Long Island, Green mountain 2.00
to 2.25, fair 1.75 to 90, poorer 1.50
to 65. Maine, Green mountain 1.95
to 2.00, 2-inch 2.00 to 2.10; Chippe
wa and katahdin, 2-inch 2.00 to 2.10.
New crop; bushel box or crate,
Florida red bliss 1.75 to #0, poorer
1.25 to 50. Sacks (50 lbs.), Cuba,
red bliss 1.90 to 2.00.
BALTIMORE HOGS
BALTIMORE, March 4.—(JP>— (U.
S. Dept. Agr.)—Hogs 2,300. Weights
from 150 lbs. and packing sows 10
higher; light weights and pigs 10
lower to 10 higher. Good and choice
170 to 210 lbs. 5.95 to 6.20; practi
cal top 6.20; 220 to 240 lbs. 5.65 to
90; 250 to 300 lbs. 5.20 to 65; 150
to 160 lbs. 5.60 to 85; 140 to ISO
lbs. 5.40 to 65; 130 to 140 lbs. 5.15
to 40; 120 to 130 lbs. 5.00 to 25.
Packing sows 4.20 to 70.
NAVAL STORES
SAVANNAH, March 4.—UP)—Tur
pentine firm 32 1-2; offerings 8, all
sold; receipts none; shipments 293;
stock 15,446. Rosin firm; offerings
none; sales sone; receipts 66; ship*
ments none; stock 184,130. Quote;
B, D 4.80; E 5.15; F 5.45; G 5.50;
H 5.55; I 5.57; 1-2; K 5.60; M 5.62
1-2; N 5.65: WG 5.72 1-2; Wf, X
6.20. -X.
RICHMOND LIVESTOCK
RICHMOND, Va., March 4.—UP)
—(U. S. D. A.)—Livestock: Hogs—
Market 10 cents higher than Fri
day. Good and choice 180 to 220
lbs., 5.40 to 5.60 the top. 100 to 120
lbs. 3.60 to 4.10; 120 to 140 lbs
4.10 to 4.80; 140 to 160 lbs, 4.80
to 5.10; 160 to 180 lbs. 5.20 to 5.40;
225 to 250 lbs. 4.90 to 5.40; 250 to
300 lbs. 4.70 to 5.20; over 300 lbs.
4.40 to 4.90; sows under 350 lbs.
3.85 to 4.35; over 350 lbs. 3.53 to
3.85.
Cattle—Steady.
Steers—8.25 to 8.50; mediums
6.50 to 7.50; common 5.00 to 6.00.
Heifers—5.50 to 6.50! good beef
breed 7.50 to 8.00.
Cows—5.50 to 6.00;mediums 4.50
to 5.00; common and canners 3.25 to
4.25.
Bulls—6.00 to 6.50; lights 5.00 to
6.00.
Vealers—strictly good and choice
quotable to 10.00 extreme top.
CASH GRAIN
CHICAGO, March 4.—UP)—Cash
wheat No. 1 .hard 1.04 1-2.
Corn No. 1, mixed 65 1-2 J No. 2,
68 1-2 to 64; No. 1 yellow 59; No.
2, 57 3-4 to 59 1-4; No. 2, white
66 1-4.
Oats No. 1 mixed feed 39: mixed
grain 38; No. 2 white 43 3-4 to 44;
No. 3, 42 to 43; sample grade 39
to 40.
Soy beans No. 4 yellow 1.12.
Barley malting 55 to 64 nom;
feed 40 to 50 nom; No. 4, 58 to 58;
sample grade 46 (blighted); No. 1
malting 64; No. 3 malting 57.
Field seed per 100 lbs.
Timothy seed 4.90 to 5.25 nom.
Sweet clover 4.50 to 5.25 nom.
Red clover 12.50 to 15.00 nom.
Red top 8.50 to 9.00 nom.
Alsiko 15.00 to 18.00 nom.
Alfalfa 18.00 to 23.00 nom.
N. Y. COTTONSEED OIL
NEW YORK, March 4.—(AV-A
mere flicker of buying was enough
to lift cottonseed oil futures 2 to
4 points today.
Demand was encouraged mainly
by firm lard prices, the advance in
hogs and a better undertone in the
crude oil market.
Sales totaled 44 contracts; May
7.07b; July 7.16b; Sept. 7.23b. (b—
Bid.)
' Slightly better demand was report
ed for crude with a bid price of 6
cents in the southeast and valley
and 6 3-4 to 7-8 in Texas.
MIDDLING COTTON
NEW ORLEANS, March 4.—CD—
The average price of middling 15
16-inch cotton at 10 designated
southern spot markets today was
7 higher at 10.76 cents a pound.
Average for the last 30 market days
was 10.76. j
V
CORPORATE BONDS
SLUMP IN MARKET
Prices Of American And For
eign Government Loans
Advance Slightly
NEW YORK, March 4.—UP)—Cor
porate bond prices receded slightly
today as traders, held their dealings
to the lowest point of any five-hour
session since the eve of the out
break of the war in Poland.
Transactions totaled only 54,286,
550, face value—the least since last
August 31—compared with $5,011,300
Friday.
Analysts said the decline in quo
tations was attributable almost en
tirely to the lack of interest.
At the same time, prices of U.
3. and foreign government loans
advanced a trifle, indicating, some
observers said, a solid market un
derstructure.
A few of the lightly traded U. S.
treasuries rose as much as 9-32
point. Among the foreign bonds, the
best gainers were German 5 l-2s
of ’65, Norway 4s, 4 1-2 and 6s,
Uruguay 8s, Colombia 6s of ’61,
Japan 6 l-2s and Belgium 6s.
On the downward side among the
corporates were American & For
eign Power 5s, Anaconda 4 l-2s,
Consolidated Edison 3 l-2s, Inter
national Hydro Electric 6s, Inter
national Telephone 5s, and Texas
Corp. 3 l-2s.
Among the risers were Youngs
town Sheet & Tube 4s, Standard Oil
of N. J. 2 3-4s, Studebaker 6s, Na
tional Dairy 3 3-4s, Detroit Edison
4 l-2s, and American Telephone
3 1-1 s.
BOND AVERAGES
20 10 10 10
Ralls Indus Util For
Net change - unch d.l d.l a.3
Monday _ 56.8 102.1 96.3 50.7
Prey, day ... 56.8 102.2 96.4 60.5
Month ago — 57.8 102.1 96.3 50.8
Year ago ... 62.8 100.2 95.5 62.7
1940 high — 59.9 102.6 96.8 51.6
1940 low _ 56.7 101.9 96.1 49.9
1939 high ... 64.9 102.0 27.5 60 0
1939 low _ 53.4 95.8 90.4 41.7
10 Low Yield Bonds
Monday _111.7
Prev. day _111.7
Month ago ________112 3
Year ago___;___111.4
1940 high . 112.6
1940 low _111.5
1939 high _112.6
1939 low _103.6
CHICAGO LIVESTOCK
CHICAGO, March 4— UP) —The
livestock market opened the week
today with higher prices in all de
partments. Fed steers and year
lings were up fully 25 cents and in
stances more. Heifers shared the
upturn. Choice to prime 1,425 pound
bullocks topped at $13.00, 876-pound
yearlings at $12.00- Hogo generally
were 10 to 15 cents higher, topping
at $5.75.
(U. S. Dept. Agr.)—Salable hogs
13,000; total 21,000; generally 10 15
higher than Friday’s average; spots
20 up; fairly active at advance; top
5.75; bulk good and choice 180-240
lbs. 5.35-70; 240-270 lbs. averages
5.15-50; most 270-320 lbs. butchers
5.00-25; heavier weights 4.85-5.00;
good 400‘550 lbs. packing sows 4.25
60; lighter weights to 4.75; shippers
2,000; estimated holdover 1,000
saiame came n,uuu; saiaoie calves
800; fed steers and yearlings fully
20 higher instances as much as 50
higher on good to choice offerings
all weights; top 13.00 on choice
prime 1,400 lbs. steers; numerous
loads weighty steers 11.00-12.00;
most of these western fed offerings;
best yearlings 12.50; these Texas
Calf club offerings scaling 876 lbs.:
few plain offerings under 8.00; feed
er dealers competing on light cattle
at 9.00 down; yearlings scarce and
not enough strictly finished cattle
all weights to meet trade require
ments; heifers 25 higher, best 10-60;
cows strong with quality plain, cut
ter cows 5.35 down, canners 4.00-75
mostly; bulls 16-25 higher; weighty
sausage offerings to 7.35 and heavy
fat bulls to 7.16; vealers steady at
11.50 down; few 12.00.
Salable sheep 6,000; total 8,500;
fat lambs active, 25-40 higher than
last week’s close; bulk good and
choice fed range and corn belt lambs
scaling 94-100 lbs. 10-50-10.60; only
few odd lots below 10.50; fat year
lings and sheep sharing full ad
vance; lamb weight yearlings 9.00;
two year olds 8.00; best 118 lbs. fed
range ewes 5.S5; medium kinds 4.85,
BALTIMORE POTATOES
BALTIMORE, March 4— (/P) —
Potatoes (old)—Dull. Truck 100 lb.
sacks U. S. Is Md., Pa., Round
White 1.50-60. Rail 100 lb. sacks
U. S. Is Maine Mountains 1.75-90,
mostly 1.80-85; Katahdlns and Chip
pewas 1.90-2.00, few higher. Idaho
Russet Burbanks 2.25. (New)—Dull.
Boat—Fla. bu. crates Bliss Triumphs
U. S. Is 1.75; U. S. 2s 1.50 Rail-Fla.
bu. crates Bliss Triumphs U. S. la
1.90-2.00. Sweet potatoes — dull.
Eastern Shore Md., bu. baskets
Goldens U. S. Is 75-85, few higher;
ungraded 50-60; Jerseys U. S. Is 65
75, few higher; ungraded 50-60;
Porto Ricans, Nancy Halls and
White Yams U. S. Is 65-75, few
higher; unpraded 40-50. N. C. bu.
baskets Porto Ricans U. S. Is 75
85, few fancy higher; ungraded 4f
60; Goldens and Jerseys unbraded
50-65. Nearby bu. hampers and bu
gaskets Jerseys and Golden U. S. Is
50-60, few higher; ungraded 35-50;
i-2 bu. hamper ungraded Goldens
10-35. Jerseys 25-30.
N. C. COTTONSEED OIL
NEW ORLEANS, March 4—(TP)—
Cottonseed oil closed steady. Bleaeh
ible prime summer yellow 7.00n;
prime crude 5.87 1-2—6.00n, March
6.49b; May 6.57b; July 6.70b; Sep.
6.77b.
b—Bid, \
-.- *
Closing Bond Quotations
(By The Associated Press)
GOVERNMENT BONDS
Treasury
3%s 43-41 Mch... 103.26
3%s 41 -105
3%s 47-43 - 109.23
3%s 47-43 Reg._109.21
3%s 45-43 _109.28
4s 54-44 - 114.19
2%s 45 - 114.18
2s 50-48 - 103.13
3%s 52-49 _111.25
2->is 54-51 _107.10
3s 55-51 _110.4
2%s 60-55 _ 107.20
2%s 59-56 - 106.19
2%s 65-60 _106.4
Federal Farm Mtg.
3s 49-44 _108.4
Home Owners Loan
2'is 44-42 . 104.21
3s 52-44 _107.20
DOMESTIC
AT and SF 4s 95 _104
B and o Cvt 4%s 60 _ 14
Bkn Un El 1st 5s 50.__ 99%
Can Pac 4s Perp _ 65%
C and O 4%s 92 _ 122%
C B and Q 4%s 77.. 79
Chi E 111 5s 51 _ 16%
Chi Gt West 4s 59_-_- 26
D and R G West 5s 55_ 2%
Erie Rf 5s 67 .. 14
Fla East Cst 5s 74 __ 6%
Hud Coal 6s 62A __ '33
Hud and Man Rfg 5s 57_ 47
Int Mer Mar 6s 41 _ 71
L and N 4%s 2003 _ 91
M K and T Adj 5s 67_ 5%
Mo pac Gen 4s 75_-_ 2%
NYC Rf 5s 2013 _ 58%
N and W 4s 9 6_121%
Nor Pac 6s 2047 _ 54%
Penn RR Gen 4%s 65 _101%
Phil Read C and I Cv 6s 49 - 3%
SaL Con 6s 45 _ 6%
So Pac Rfg 4s 55 _ 60%
So Ry Cn 5s 94 _ 87%
So Ry Gen 4s 56___ 56%
Third Ave 4s 60 _ 56 %
West Md 4s 52 .. 82%
FOREIGN
Australia to 55 _ 79
Australia 4%s 56 _ 74
Belgium 7s 55 _103%
Brazil 6%s 26-57 _ 16%
Ger Govt 7s 49 .. 14%
Italy 7s 51 -. 70%
Japan 6%s 54 - 87
CHICAGO GRAIN
CHICAGO, March 4—<£>)—Wheat
price gains of a full cent were wiped
out before the market closed today
and net losses of 1-8—5-8 cent com
pared with Saturday’s final figures
were marked up at the end of trad
ing.
Prospects of clearing weather over
the southwestern grain belt and Eu
ropean war news tended to hold
selling in check and contributed to
strength at times but heavier than
seasonal receipts at principal mar
kets weakened the market. Some
selling was inspired by weekend
rains and reports of generally im
proved moisture conditions.
Normally receipts of wheat at this
time of year before harvest of the
new crop would not run large. How
ever, because of the holding policy
of producers last summer and dur
ing the winter, due to encourage
ment of the government loan, poor
crop prospects and the war situa
tion, more grain now is finding its
way to market belatedly. Maturity
dates on loan wheat are March 81
for 1938 grain and April 30 for 1939
grain. Some of this wheat is being
marketed each day although liquida
tion has diminished since the past
week’s price downturn.
At the close May wheat was $1.00
1-2—3-» and July 98 3-8—1-4. Corn
finished urfchanged to 3-8 higher,
May 56 1-8—1-4, July 56 3-4; oats
unchanged to 1-8 down; soy beans
1 1-4 higher; rye 1-8 lower and lard
5-15 higher
Government figures showed that
in the 8 days ended February 23 ap
proximately 2,300,000 bushels of
loan wheat were redeemed, bringing
the total under loan down to 137,
636,000 bushels. Semi-official esti
mates Saturday placed the total of
1939 wheat at only 115,000,000
bushels.
Open High Low Close
WHEAT:
May -1007a 101% 10094 10074
July .9874 9 9 74 9 8 74 9 8 74
Sept - 9874 9974 9774 9774
COHN:
May -55'4 56% 5574 5674
July -5G 74 5 7 5 6 74 5 6 74
Sept - 57 5774 57 57%
OATS:
May -40% 41 4074 40%
July -- 3574 3574 35% 35%
Sept -33% 33% 33% 33%
SOY BEANS:
May -112 74 115% 112 74 114
July -109 11174 109 110
RYE:
May .. 6574 607a 65% 65%
July - 6674 6774 6674 6674
Sept .. 6774 6874 6774 6714
LARD:
Mch _ 6.12 6.15 6.12 6.15
May _ 6.35 6.37 6.35 6.35
July _ 6.57 6.57 6.55 6.55
Sept _ 6.75 6.77 6.75 6.75
Oct _ 6.S2 6.85 6.82 6.85
BELLIES:
Mch _ 4.95
May _ 5.90
July _ 6.70
DRY GOODS
NEW YORK, March 4. — (.37 —
Print cloth sold in small volume at
steady prices today, with 64x60s
quoted at 5 cents a yard.
Business in rayon centered main
ly in novelties and specialty
weaves. Spun rayons sold well
with further business in two ply
alpacas. Print cloth remained
quiet.
Interest in full fashioned hosiery
was stimulated by last week's re
duction in prices.
Woolen goods were quiet, with oc
casional spot business in spring
worsted suitings. Demand for ma
terials for women’s cloaks arid suits
continued brisk.
STOCKS IN THE SPOTLIGHT
NEW YORK, March 4. _ UP) —
Sales, closing price and net change
of the fifteen most active stocks to
day;
Seaboard Air L, 50,500—% ; no.
Loft. 12,700—29 % <1V-.
Martin G L. 7,400—42; al%.
Comwlth and Sou. 7,300—1%: a%.
Curtiss-Wright, 7,100—10%; no.
Bklyn-Manh Tr, 7,000—20%; al.
Austin Nichols. 5,900—5; a%.
Coty, 5,900—6% ; a%.
Unit Gas Imp, 5,700—12%; d 14.
Comwlth Edis, 5,500—32%; a%.
Pan Am Airw, 5,400—17%; d%.
Canad Pac, 4,600—5%; d%.
Radio. 4,200—5% a%.
Am Bosch, 4,100—7%; d%.
US Steel, 4,Or>0—58% : d%.
NEW ORLEANS COTTON
new ORLEANS. March 4.—</P)
—Cotton futures advanced here to
lay on foreign and domestic trade
luying. Closing prices were steady
10 points net higher.
Open High Low Close
Mch 11.00 11.04 11.00 11.06B
May „ 10.77 10.84 10.75 10.84 up 10
July __ 10.43 10.49 10.41 10.49B
Dct_ 9.68 9.75 9.68 9.75 up 10
Dec .. 9.55 9.55 9.55 9.60B
Ian __ 9.46B_ _ 9.54B
Mch ’41 9.33B. 9.40B
B-Bid
NEW YORK COTTON
NEW YORK, March 4—(iP)—Cot
ton buyers climbed back on the
bandwagon today and boosted prices
11 to 13 points
The forward drive met with little
opnosition. A last hour covering
mo emen' in March accentuated the
scarcity of contracts apparent dur
ing the session and final prices were
the day’s best.
Buying seemed connected morj
closely to action at Bombay rather
than domestic news, since the flare
up of activity in textile centers late
last week died down today.
A rally at Bombay after opening
easiness came as a surprise for a
strike was finally called among cloth
workers. Bombay played both sides
of the local market although buying
outweighed selling.
Hedging pressure was slight and
offerings on the whole were barely
sufficient to contend with moderate
demand from trade and foreign ac
counts.
Cloth brokers reported only scat
tered business in print cloths for
spot delivery at steady prices.
Exports Saturday 23,715 bales;
season so far 4,988,379. Port re
ceipts 22,581; port stocks 2,976,908.
Range follows;
New:
Open High Low Close
May 10.79 10.79 10.79 10.S8Nup 12
July __ 10.47 10.47 10.47 10.55Nupll
Oct_ 9.66 9.74 9.65 9.73 up 12
Dec_ 9.52 9.59 9.52 9.59 up 13
Jan — 9.49 9.50 9.49 9.55Nup 12
Old:
Mch „ 10.88 10.98 10.88 10.98 uplj
May __ 10.68 10.75 10.66 10.75 up 12
July „ 10.34 10.41 10.32 10.41 up 1]
N-Nominal.
Spot nominal; middling (7-8-inch)
11.08.
CHICAGO POTATOES
CHICAGO, March 4—(A>>—(U. S.
Dept. Agr.)—Potatoes 220, on track
346, total US shipments Saturday
1,166, Sunday 55; Colorado Red Mc
Clures steady, other varieties all
sections slightly stronger, supplies
moderate demand moderate; sacked
per cwt. Idaho Russet Burbanks
US No. 1, 1.90-2.10; US No. 2, 1.45;
Nebraska Bliss Triumphs US No. 1,
washed 2-20-40; 80 to 85 per cent US
No. 1, unwashed 1.60-65; Colorado
Red McClures US No. 1, 1.65-75;
Minnesota and North Dakota Red
river, valley section Cobblers 80 per
cent US No. 1, 1.35-40; Early Ohios
85 to 90 per cent US No. 1, 1-30-35;
Wisconsin Round Whites US No. 1,
1.45; unclassified 1.20; Cobblers 90
per cent US No. 1, 1.35; Chlppewas
US No. 1, fine quality 1-60; new
stock slightly stronger supplies
moderate demand light; less than
carlots Florida Bliss Triumphs bu.
crates US No. 1, washed 2.10, US
No. 1, size B washed 2.00.
LIVERPOOL COTTON
LIVERPOOL, March 4.—GB—Spot
cotton quiet, prices unchanged tp 5
points lower. Quotations in pence:
American, strict good middling 8.59;
good middling 8.19; strict middling
8.09; middling 7.99; strict low mid
dling 7.89; l#>w middling 7.64; strict
good ordinary 7.19; good ordinary
6.84.
Futures closed 7 to 10 points low
er. Mch 7.77; May 7.86; Jly 7.90;
Oct 7.72; Jan 7.63.
DAIRY PRODUCTS
NEW YORK, March 4.—(iP)—But
ter 472,039, firmer. Creamery high
er than extra 29-29 3-4; extra (92
score) 28 3-4; firsts (S8-91) 28-28
1-2; seconds (S4-S7) 26 3-4-27 3-4.
Cheese 143,123, irregular. State
whole milk flats, held 1938, 21-22;
held 1939, 20-20 1-2; fresh 15 1-2
16 1-2.
CHICAGO BUTTER
CHICAGO, March 4—UP)—Butter
706,463, steady; creamery—93 score
28 1-2; 92, 28; 91, 27 34; 90, 27 1-2;
S9, 27 1-4; 88, 26 3-4; 90 centralized
carlots, 27 1-2—3-4. Eggs 10,462,
steady; fresh graded, extra firsts
local 16 1-2, cars 16 3-4; firsts local
16 1-4, cars 16 1-2; current receipts
15 1-2.
NEW YORK EGGS
NEW YORK. March 4. — <5>> —
Eggs 24,049; weak. Mixed colors:
fancy to extra fancy J9-20; extras
18 1-2-3-4; storage packed firsts 17
3-4-18; graded firsts 17 3-4; current
receipts 16 1-4; seconds 16-16 1-4;
mediums 15 3-4-16; dirties No. 1, 16
1-4; average checks 14 3-4-15 1-4. _
PEANUTS
SUFFOLK, Va., March 4— <.P) —
Peanut quotations: jumbos 4; bunch
3 5-8 to 3 3-4; runners 3 3-8 to 3 1-2.
Market very dull.
CHARLOTTE COTTON
CHARLOTTE, March 4.-15’) —
Spot cotton 10.70.
Treasury Will Confine
Borrowing To Refunding
WASHINGTON, March 4.— l-T) —
Secretary Morgenthau announced
today that the treasury would con
fine its borrowing in the near fu
ture to refunding.
He said that in view of income
tax collections this month, the
heaviest income tax month of the
year, the treasury would need no
"new money” for the time being,
since it had $1,634,000,000 in cash
on hand.
However, he added, the treasury
would formally announce on Thurs
day an exchange offer to refund
$738,000,000 of one and one-half per
cent treasury notes coming due
June 15. Holders of these securi
ties would be offered another five
year note in lieu of cash, Morgen
thau explained. The interest rate
on the new notes was withheld until
the formal announcement.
Johnson’s Appointment
As Postmaster Confirmed
WASHINGTON March 4.— (IP) —
The senate today confirmed the fol
lowing North Carolina postmasters:
Ferdinand B. Johnson, Clinton;
Paul E. Henr.essee, Glen Alpine;
Eula Mae White, Hiwassee Dam:
Thomas L. Maness, Star.
SERVICES LIMITED
BERLIN, March 4.—(IP)—Catholic
services on Sundays in Waarthegau,
the former Polish province of Poz
nan no wincorporated in Germany,
have been limited to definite hours
in order to enable Nazi authorities
to control them, the German official
news agency, DNB, said tonight.
VOLUNTEERS TO LEAVE
TORONTO, March 4.—(IP)—Col.
Fraser Hunter, liberal member of the
Ontario legislature and World War
veteran, said today that a force of
approximately 950 volunteers would
leave Canada shortly to fight for
Finland.
SPOT COTTON
NEW ORLEANS, March (—(AO
Spot cotton closed quiet, 10 higher.
Sales 254, low middling 9.64; mid
dling 10.74; good middling 11.19; re
ceipts 7,194; stock 803,580.
■ 11111111111111111 ■ m II ■■■ 111 ■ ■ 111 ■■■ i ■ ■, ■ 111~
Anti-Trust Campaign
Is Assailed By Unions
WASHINGTON, March i.— UPl —
The Justice department’s anti-trust
campaign against activities of cer*
tain labor unions was characterized
as ‘‘reactionary" by the AFL’s build*
ing trades unions in conference to*
day.
The anti-trust drive, directed by
Assistant Attorney General Thur
man Arnold, is directed against al
leged ‘‘unreasonable restraints" in
the building industry. Indictments
have been returned against 600 de
fendants, including employer groups,
41 AFL unions and more than 100
union officials.
"This policy and its implication*
are gravely alarming," the AFL
building trades unions said in a,
formal statement.
Member Of Commanist
Ring Held In France
P 4.RIS, March 4.—1UP>—'The arrest*
of 29 members of a secret commu*
nist propaganda ring operating In
Paris was announced by police
headquarters today.
Copies of the banned communis®
newspaper "Humanite” and other
tracts were reported seized.
Editors, printers and distributors
of propaganda sheets were held fori
military authorities and their hide-,
outs where the tracts were printed:
were raided.
The police said members of the
ring dropped the tracts in subways
and busses and distributed them
secretly to factories in the suburbs
of Paris.
ADVERTISEMENT
WAKE UP YOUR
LIVER BILE
Without Calomel—And You’ll Jump Out of
Bed in the Morning Rarin' to Go
The liver should pour out two pints of
liquid bile into your bowels daily. If this
bile is not flowing freely, your food may
not digest. It may just decay in the bowels.
Gas bloats up your stomach. You get consti
pated. You feel sour, sunk and the world
looks punk.
It takes those good, old Carter's Little
Liver Pills to get these two pints of bile
flowing freely to make you feel "up and
up." Amazing in making bile flow freely.
Ask for Carter’s Little Liver Pills by name.
| 104 and 254. Stubbornly refuse anything else.
§1 THE ATLANTIC REFINING CO., ANNOUNCES ?
| CLAUDE JEWELL f
Formerly Operator of
JEWELL’S SEHVICE STATION
17th and Castle Sts.
As Manager of the
WHITE FLASH STATION
at Highwood Park
— On old Wrightsville Beach Road one block beyond
— trance to New Forest Hills and Glen Arden.
EE and invites all his friends and customers to visit =
= him there for ==
1 WHITE FLASH GASOLINE 1
100% Pure ATLANTIC MOTOR OIL
Illllllllllllllllllllllllllllllllllllllllllllllllllllllllln:
MILK |
USED j
By
! Lecturer, Ruth Chambers
| at the
| COOKING SCHOOL
! Fresh daily from Echo Farm
t Dairy. Produced exclusively by
j our Holstein Purebred Herd.
1
I I
Every bottle of our milk is capped by a positive seal |
I metal cover all cap that protects the pouring lip of the §
I bottle from contamination. |
J % o'
i-i
| ECHO FARM DAIRY !
I “YOU CAN WHIP OUR CREAM
| YOU CAN’T BEAT OUR MILK”
| Phone 4302 Ip'

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