OCR Interpretation


The Wilmington morning star. (Wilmington, N.C.) 1909-1990, April 30, 1940, Image 9

Image and text provided by University of North Carolina at Chapel Hill Library, Chapel Hill, NC

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn78002169/1940-04-30/ed-1/seq-9/

What is OCR?


Thumbnail for 9

SPECIALTIES HOLD POPULARITY' IN' STOCK MARKET
leaders unable
TO DRAW BUYEAi
jjUjjness News, Good In Spots
l acks Outstanding Re
covery Features
BV 1 KEDERICK GARDNER
,\K\V YORK, April 29.—Spc
maintained a degree of pop
l’13', m todaj's stock market, bu
Jnost 'loaders had difficulty in at
tra- buyers^.
_. ..unless prevailed the greate:
jt the time, although smal
jVtional advances were in the ma
' at the close. Business news
rood in spots, still lacked out
I inding recovery features. Strongei
Allied resistance in Norway was en
'..uradiiS to those in Wall stree
^iio'feel that stemming of the Naz
tjjc uould he bullish marketwise.
... : ; a and machinery stock:
ut in front throughout. Alos
J.„,iJjK.,.j under the best. Steels am
n'm-s, well up at one time, emergr
. only minor advances. Rails
, ihiies. covers, oils and rubbers go'
■ re in particular. A few air
. ..; _■l forward and merchan
y cue nocks improved at the finish
i < ! eel was up 3-8 and Bcthle
j.j. These gave ground aftei
• !,A veck's mill operations were es
v~0Wi 1-S points at 61.8 pei
■’!,. of capacity. The jump was
.A m in line with financial expec
tali' lie.
... Associated Press average of 5(
as up .2 of a Point at 50.2.
“.»:11 Din tthsirps %vr>rc» tlif
,. fur a lull session since
Jl.iii'il is
I-..;., j- u.iiniiigs generally, togetli
i uitii p res reels lor larger buying
t limit 'i materials by the bcllig
, . uj.i'-i a number of sliares.
ru.uiitis. seme at 1940 tops, in
i;;ili National Acme, Bridgeport
], -- Wiaie sewing Machine, Inter
..w, I'a -er Brc-fcrred, Pressed
, mu-. Am lie.ui-llawaiian Steam
, N v. Shipbuilding, Westing
i n - American Airways,
"u, ,;,it11;111 Aircraft. Boeing, Mont
l ,i: i; Wad, Scars Roebuck, Mur
y I'll ’,! and P. S. Gypsum.
W-ml is- m Betroit that automobile
t ,i , - j.res-.-nt was below retail
together with the $1.5(1 a
..j-,- ruymied by General Motors
j..- -la- fir.-t emitter, propped the
although ••Gil" managed to
1; q -uin of only 3-8, Chrysler
In; 1-S.
y:lles of a stock exchange seat for
yyyiHii.i. off $7,000, was far from
pleasing in the financial district.
CHICAGO GRAIN
CHICAGO. April 29—UPi—Receiv
ing underlying b tying support de
spite heavy grain belt rains, the
wheat market today again display
t- strong recuperative power and
rallied two cents after an early one
cent decline to close with fractional
net sains for the day.
Me-st of the buying on the rally
6;>: aremly represented short cover
ings but there was little evidence
that dealers who bought recently at
higher prices and have small losses
were willing- to accept these losses.
There were trade reports that for
elan interests have been on the buy
iu side because of the war and an
impressive feature as well as Satur
day was the persistent demand that
cmeloped with each early price dip.
This was attributed to public in
t stment buying.
Wheat closed 1-4—3-1 cent higher
than Saturday, May $1.09 1-8—$1.09;
July 31.07 1-2—3-S; corn 1-2—1 cent
1I|>. May 6.7 1-8—1-4, July 66—66 1-8;
eats 3-8 off to 1-S up; rye 1-4—5-8
liigner; soy beans 1 1-4—1 5-8 up
emi lard unchanged to 3 lower.
Some buying also was associated
"nil signs of diminished terminal
market receipts as the deadline for
redeeming grain under government
leans nears. The 12 principal term
inals received 1,494,00 bushels
compared with 1,775,000 a week ago
tad 910.000 a year ago. Receipts at
Minneapolis and Duluth aggregated
HO cars compared with 896 a week
8?e and 295 a year ago. ,
Producers who have loan wheat
bet eligible for resealing must re
feem it by tomorrow in order to re
tain ownership. Unless government
liars are changed all wheat not re
deemed may be taken over and pool
'd As of April 18 the amount still
Under loan totaled almost 78,000,000
bushels, but *liis includ, d more than
-'.900.000 which can be resealed on
farms. Since government reports
lag behind actual redemptions, It is
believed the supply now remaining
to he redeemed is comparatively
tmall.
Open High Dow. Close
WHEAT:
-.108 109% 107% 109
”"‘v -106’.', 107% 106 107%
‘'W .106% 107% 106% 307%
yW - 63% 65% 64% 65%
-65% 66% 65 66%
* 0\fW-r°Va 66% 65% 66%
-,!/ -41% 41% 40% 41%
ipi; -37% 38 37% 37%
85% 84% 35%
p.y --108% 110% 108% 110%
0r, -100 107% 106 107%
RY.y-93% 94 93% 93%
fe -07% 68% 67% 68%
Bent - 70 70% 69% 70%
i'-ard-— 71 7178 701/2 71%
jSv . 6.22 0.30 6.22 6.27
Kent .— 6.45 6.52 6.45 6.52
On ' - 0-07 6.75 6.67 6.72
BEUin-" r>-77 6-85 c-72 C.82
Inly - nR7 5.95 5.82 5.95
-- --- 6.55 6.55 6.50 6.52
\f w niH,I'IXG COTTON
»—Tilfl orLEANS. April 29.—UP)
Li-16ths'Ve!,ase price of middling
Southern071 cotton today at ten
points p “pot markets was 2
*vGra -rrat 10.68 cents a pound
tiavs lii ■l,r Pe past thirty market
tents; middling 7-8ths
*veras« i0.50 cents a pound.,
Closing Stock Quotations
| (By The Associated Press)
Adams Exp _ 7 7.3
Adams Millis _24 1-2
Air Reduct .I 48 5-8
Alaska Jun _ g
A1 Chem and Dye_179 p.j
Alleghany - 13.10
Allis Chal Mfg _ 34 5.3
American Can _445
■ American Car Fdy _ 28 7-8
■ American Coml Alco_ 7 i_o
American Pow and Lt _ 3 1.2
• American Rad and St S_ 8 1-4
American Roll Mill _I 15 3.8
. American Smelt and Ref __ 50 1-2
I American Sugar Ref_ 21 3-4
. A T and T _ 173
American Tob B _ 89 3-4
Anaconda _ 29 7-8
Arm 111 ~7
A T and Sf _ 22 3-8
A C L - lc 7.3
Atlantic Refinery _24 1-4
Atlas Pow _77
, Aviat Corp _ 7 1-4
Baldwin _17 3.4
B and O _ 5
Barnsdall _ 4.4
Bendix Aviat _34 3.3
Beth Stl -33 3.8
Boeing AirpI_24 1-2
Borden _23 1-8
Borg Warner _22 1-2
Briggs Mfg - 22 3-8
Budd Mfg _ 5
Budd Wheel _ 5 5.3
Burl Mills _20 1-1
Bur Add Mach_ 10 r>-S
Calumet and Hec _ 7 1.3
Can Dry -^20 5 8
Can Pac _* 5 4.3
Cannon Mills _39
Caterpil Trae__50 3.4
Champ P and ,F _2S 1-2
Ches and O _ 39 4.4
C M St P and P Pf.. 1.4
Chrysler._. gg i_g
Colum G and E _ g y.g
Coml Credit _45 1.3
j Coml Solv _14 7.3
Com with and Sou _ 1 3.;
Consol Edis_31 3-4
Con Oil _ 7 i-2
Cont Can _46
Corn Prod - 60 3-8
Curtiss Wright _ 10 1-2
Curtiss Wright A_28 . -8
Doug Aire -SS 1-4
Dow Chem _170
DuPont - 138 1.4
Eastman Kod_156 -4
Elec Auto Lt _ 5 3.4
Elec Pow and Lt _ 5 3.4
Firestone _19
Freeport Sui_37
Gen Elec _ 37
Gen Foods _ 48 7-8
Gen Mot_53 1-2
Gillette _ G
Glidden _17 5-S
Goodrich _17
Goodyear _21 1-4
Graham Paige _ 13-16
Gt Nor Ry Pf _ 27 5-S
Hud Mot _ 5 5-8
Hupp Mot _ 9-16
111 Central _._10 3-4
Int Harvest_58
Int Nick Can _ 29 7-8
Int Tel & Tel_ 3 1-S
Johns Man _71 1-2
Kennecott _ 35 3-S
Kinney _ 2 1-2
Kroger Groc_34 1-4
Libby O F G1 —.-. 49 7-8
Ligg & Myers B .. 108 3-4
Loews _ 34 5-8
Loft .—... 36 5-1
Lorillard _24 1-1
Louis & Nash_55 3-4
Mack Truck _2G
Mont Ward _ 50 3-'
Murray Corp_ 7 i-j
Nash Kelv__ G
Nat Bisc _ 23
Nat Cash Keg- _ 13
Nat Dairy Prod _17 3-‘
Nat Dist_ 24 3-<
Nat Lead _ 20 7-1
Nat Pow & Lt _ '8 l-f
N Y Central___15 3-;
No Am Aviat_23 1-1
North Am ___21
Nor Pao _1_ 8 3-'
Ohio Oil _ 7 3-'
Otis Elev _,_1C 1-1
Pac G & E _32
Pac Mills___15 l-‘
Packard _:_ 3 3-1
Param Pix _ 7 1
Penny J C . 95
Penn Dix . 3 5-f
Penn R R . 22 l-f
Phillips Pet . 38 3-4
Pitt Scr & B . 7
Pub Svc N J . 42
Pullman . 25
Pure Oil . 10 5-f
Radio . 6 5-f
Rad K O . 1 l-f
Rem Rand . 8 3-4
Rep Stl . 21
Reynolds B . 43 3-4
Seab A L . 1-4
Sears . 85 5-f
Shell Un . 12 7-f
Soconv Vac .. 11
Sou Pac . 12 1-4
Sou Ry . 16
Sperry . 43 1-5
Std Brands . 7 3-f
Std Oil Cal . 22 1-5
Std Oil Ind . 27 5-f
Std Oil N J . 41 3-4
Stewart Warner . 7 5-8
Studebaker . 10 1-2
Swift . 24 1-4
Tex Corp . 46 1-4
Tex Gulf Sul . 34 1-4
Timken Det Ax . 26 7-8
Transamer . 5 3-4
Trans & West Air. 19
Un Carb . 82 7-8
Un Pac . 95 3-4
Unit Aire . 49 i_2
Unit Corp . 2 1-4
Unit Drug . 6 1_2
Unit Fruit . 81
Unit Gas Imp . 12 1.4
U S Ind Alco . 27
1J S Pipe . 34
U S Rub . 31 5-8
U S Steel . 61 3-8
Vanadium _ 37 3.4
Vick Chem _ 15 3.4
Va Caro Chem_ 3 4,4
Warner Pic _ 3 4.4
West Mary _ 4 4.0
Western Union _ 22 1-8
West Elee and Mfg_113 .2
Wilson - 6 7-S
Woloworth _40 1-8
Yell T and C_17 3.4
Youngs S and T _43 5.3
Total sales, 566,950.
CURB
Asso G and El A_ 4.4
Can Marconi_ 15-1G
Cities Service _ 4 5.$
Colon Dvmt _ 1 7-s
El Bond and Sh_ 6 "-S
Gulf Oil _ 3,8 i.s
1
CHICAGO POTATOES
CHICAGO, April 29— UP) —(U. S.
Dept. Agr.)—Potatoes 118, on track
327, total US shipments Saturday
623, Sunday' 32; old stock Idaho
Russets slightly stronger, other
varieties all sections best quality,
steady; supplies moderate demand
good; sacked per cwt. Idaho Russet
Burbanks US No. 1, few sales 2.05
la; Minnesota and North Dakota
Red river valley section Cobblers 80
to 90 per cent US No. 1, 1.25-30;
unclassified 1.12 1-2—15; Bliss Tri
umphs 70 to 90 percent US No. 1.
1.15-40 Early Ohios 75 to 90 per
cent US No. 1. 1.15; unclassified 73
1.00; Wisconsin Round Whites US
No. 1, fine quality 1.55. New stock
Texas Triumphs steady, California
Long Whites slightly stronger for
best stock, supplies moderate de
mand good: 50 lbs. sacks Texas Bliss
Triumphs US No. 1, washed 1.35-40;
unwashed 1.20-25; US No. 1, size B.
washed 1.25; few showing heated,
spotted sacks 1.15; unwashed few
sales 1.05; California Long Whites
US No. 1, washed 50 lbs. sacks un
der initial Ice good condition 1.25 a
sack; 100 lbs. sacks under initial
ice good condition 2.30-50; showing
some decay spotted sacks 1.90; car
under ventilation showing decay
some spotted sacks 1.80.
FOREIGN EXCHANGE
NEW YORK, April 29— UP) —A
run-up of 2 1-2 cents in the “free”
pound sterling today about cancel
led all of last week's losses in the
Foreign Exchange mai-ket.
Money dealers said the advance,
comparatively wide in view of re
cent stability, reflected the sensi
tivity of a thin market rather than
broad demand.
Unchanged In relation to the dol
lar were the Swiss franc and belga,
The guilder dipped .02 of a cent.
Closing rates follow (Great Bri
tain in dollars, others in cents)
Great Britain, demand 3.52 3-4,
cables 5.53, 60-day 3.50 1-4. 90-day
3.49; Belgium 16.89, Denmark un
quoted, Finland 2.00n, France 2.00,
Germany 40.18n (benevolent) 16.50,
Greece .66 1-2, Hungary 17.65n, Italy
5.05, Netherlands 53.11, Norway, un
quoted, Portugal 3.45n, Rumania
.55n, Sweden 23.75n, Switzerland
22.43, Yugoslavia 2.35n. Argentina
official 29.77, free 23.10, Brazil of
ficial 6.05, free 5.10; Mexico 16.75n,
Japan 23.48, Hongkong 21.95, Shang
hai 6.10.
(Rates in spot cables unless other
wise indicated, n—Nominal.)
CHICAGO LARD
CHICAGO. April 29.—CP)—Lard
tierces 6.30; loose 5.55; bellies
i6.25.
NEW YORK SUGAR
NEW YORK, April 29—CD—Sugar
futures coasted along near the pre
vious close today as. traders awaited
a break in news affecting the mar
ket.
The world list ended 1-2 point low
er to 1 higher on sales of 6,500 tons.
Commission house and local support
offset offerings from producing in
terests. May ended l.flb, July
1.51 l-2b.
Domestic contracts tipped a little
lower late in the session on modest
producer and local liquidation.
Trade covering prevented wider de
clines. Sales totaled 4,000 tons.
In the raw market Cubas for
prompt shipment were held at 2.85
cents a pound duty-paid basis.
Puerto Ricans and Philippines
ranged from 2.90 to 3 cents but re
finers showed little interest.
Refined moved slowly at the un
changed price of 4.50 cents. With
drawals last week were small but
refiners looked for a pickup with
the return of warm weather.
No. 3 range follows:
High Low Close
July . 1.96 1.96 1.96b
Sep. _ 2.02 2.02 2.02b
Jan" ” _—— 2.06 2.05 2.04b
March .—— 2-07 2.07 2.07b
b—Bid.
N. Y. COTTONSEED OIL
NEW YORK. April 29.—CP)—
Cottonseed oil futures droped 1 to
6 points today after a short-lived
rally petered out.
The decline in hogs and a re
action in lard brought in a spat
tering of selling which undermined
prices following the steadying ef
fect of refiner buying and short
covering.
Sales totaled 87 contracts; May
6.79b, July 6.87, Sept. 6.95, Oct.
6.95b, Dec. 6.98b. (b—Bid.)
Crude oil was barely steady on
the basis of 5 3-4 cents a pound
bid in the southeast, 5 7-8 bid in
the valley and 5 1-2 to 5-8 bid in
Texas.
NEW YORK POTATOES
NEW YORK, April 29. (TP)
Potatoes steady, upstate, No. 1 pa
per sacks (15-lbs.), round white,
brushed, selling 30. No. 1, sacks
(100 lbs.), Maine. Green moun
tain “A” size 2.00; 2-inch 2.10 to
20; Chippewa and katahdin, -
inch minimum 2.15 to 20,, lar,fetr
2.25 to 30. Florida, bushel basket,
tub, box or crate No. 1, red bliss
1.25 to 50; katahdin 1.00 to 1.25,
Spaulding Rose LOO to 1.35.
CHARLOTTE COTTON
CHARLOTTE, April 29.—CD
Spot cotton 10.60. ^ i
r-—-----v
Selected Buying And Selling
Swings Several Issues Out
Of Regular Path
NEW YORK. April 20. — —Hi: 1.
ly selected buying and selling swine
a handful of bonds far out of tne
fractional price range most issue.
traded in today.
Most of the lower priced rail is
sues, for instance, ran into enou :
profit taking after last week's ris'
to fall back fractions.
In this group were St. Paul 5s at
G 5-8, Rock Island General 4s of >
at 10 2-4, Illinois Central 4 3-4s at
43 and X. Y. Central 5s at 58 1-2.
Boston & Maine liens, however,
heaviest traded of ail issues, shot
forward around 2 points followiu"
news the carrier had formaliy
plied to the interstate coinmen
commission for permission to i -. ; i <
around $1.25,000,Ou.O in now securities
in furtherance of a voluntary roa
ganizatioii plan. The 5s of 07 : m
up 2 to 52 1-2 and the 4 3-4s of '01
added 2 1-S at 52.
Among other corporates wkic!.
managed small gains, including rails
that successfully weutlr red piv.- sn: ”,
were International Telephone 5s.
Great Northern 4s of '40 “G," Com
mon Wealth Kdison Convertible.
3 l-2s and U. S. Steel 3 l-4s.
Many foreign loans were under
pressure again after a short period
of comparative stability in a i :o is
sues.
Losers of fractions to more than 2
points included Japan 6 l-2s at
88 1-4. Belgium Gs at 8s 1-1. Aus
tralia -1 1 -2s at 1,2 1*2 and Demna? 1:
4 l-2s at 21 8-4. German 5 l-2s • f
05 rose a minor fraction to 18 3-1.
Turnover t f •- 1,69 1.500, f
was the smallest in more than a
month and compared with $0J»oS,:hhi
Friday,
CHICAGO LIVESTO( I\
CHICAGO. April 29 I’> II<
prices were steady to 10 '.■enis low
today, burdened somewhat by slight
j ly licavier than expected receipts.
The general cattle market, v..
steady to 15 cents down while fat
lambs were around 25 cents high- r.
Hog receipts totaled 14,000, or 2
000 more than advance estimates
while big pack*
rect. The market topped at $6. i A
Best slight loins in the wholes , .
dressed market dropped 1-2 to IS 1-2
cents a pound.
I Steer and yearling trade .was less
active, best yearlings and medium
weight steers selling at $12. Heifers
were steady, selling from $10.50
down.
Choice fed wooled lambs sold up
to $10.GO and handy weight clippers
to $9.25 sheep were steady. "\Vooled
ewes sold up to $5.50.
(U. S. Dept. Agr.)—Salable hogs
14.000; total 19.000; market opened
steady to 10 lower but slow; closed
more active around steady to weak:
less on weights 250 lhs. and down:
top 6.45; bulk 180-260 lbs. 6.25-lo;
260-350 lbs. 6.00-25: sows also steady
to 10 off; bulk 5.10-10; lightwoig d
5.50-65; shippers 2,000; estimated
holdover 1.000.
Salable cattle 13,000; salable
calves 1,000; f< 1
lings unevenly steady to 25 lower:
mostly steady to 15 off; rank and
file crop bringing prices aim.' st in
line with late last week; trade slow,
however. clearance fairly
most steers and yearlings v* -1". A
strictly choice kinds alrun.t; top
resting at 12.00 paid for 1.010 lbs.
yearlings ns well as medium w* ighi
steers; few weighty steers in crop;
heaviest offerings averaging l.k's
lbs. at 11.25: few loads 1.326
428 lbs. 10.90 and 11.00; vor\ lit lie
to killers under 8.25; stork rattle
scarce, steady; good and choFe
yearling's and light teeners vi.-u-in,
medium, grade kinds 8.73 down to
8.00 and below; heifers fully ate: d •
best fed heifers 10.15; several loads
10.00; numerous loads 9:00-75; rows
scarce and steady; weighty cutteis
selling tip to 11.00; only very 1" : I
earners under 4.00; beef cows H
7.00; weighty sausage bulls In 7.55
on steady market: vonlers 5. m low
er closing at 11.00 down after 11.50
was paid early.
Salable sheep -1.000; tola! O '"’:
fat lambs active around 55 higher;
top and bulk fed range wooled lambs
10.60 only a few at 10.no to 10.25;
throwouts 9.00; best ted Hi]' d
lambs 9.2,5; others 8.60-9.00: small
lot native springers 11.000; lit
sheep steady; best ' wooled cv.■■
5.00-50.
LIVERPOOL COTTON
LIVERPOOL, April 20 - (-T) -
Limited demand for spot a n,
prices 7 points higher. Quota!hois
in pence: American, strict good niio
dling S.74; good middling Sill; start
middling 8.24; middling' 8.11; si r et
low middling 8.0-1; low mid liing
7.79; strict good ordinary 7.31; good
ordinary 6.99.
Futures closed 3 higher to 1 low
er. May 8.01; July 8.07; Oct. 7.94;
Dec. 7.86; Jan. 7.82; March 7.77.
NAVAL STORES
SAVANNAH. April 29
Turpentine firm 27 3-4: <Tk
159 sales 97 receipts 279;
fnents 80; stock 8.329. Rosin fin i;
offerings 362, all sold; receipts 1
597; shipments 520; stock 165,842.
Quote: B 3.85; D 4.00; E 4.35; E
4.50 to 60; G 4.60 to 62 1-2: H 4.60 I
to 67 1-2; I 4.75: K4.00: M 5.20; !
N 5.45; WG 5.70; Wff, X 6.10. . \
NEW YORK ELKS
NEW YORK, April 29—kD—Eggs
28,081; irregular. Mixed colors:
fancy to extra fancy 19 3-4—21 1-2;
extras 19—19 1-2; storage packed
firsts IS 1-2; graded firsts"17 1-4—
1-2; current receipts 16 1-2; mediums.
16; dirties No. 1, 16; average checks
15—15 1-1
- ——■——-»
Closing Bond Quotations
(By The Associated Press)
GOVERNMENT BONDS
Treasury
13-40 June_101.8
3’is 4.1-43 _109.20
2 , s 47-11 _109.17
s 19-16 _111.27
I os .12-47 _120.21
;■ -17 _ 105.17
'2? 1'9 _106.13
51 _ 108.7
- I _111.7
' 3 GO-55 _ 108.17
: s 6H-.1 . Reg._108.14
- s 63-58 ___107.4
'■ U 65-60 _107.6
Federal Farm Mtg.
is 49-41 _ 108.4
Home Owners Loan
2-44 _ 107.25
DOMESTIC
AT and SF 4s 95_106
ilkn Fn Ml 1st 5s 50_.-10614
(';i n 12 c 4s I'erp_ 63
' ! i and Q 4 1 ■ s 77 _ S3
('hi M 111 5s 51 _ 15%
Chi ('.! West 4s 59 _ 29Vi
NEW YORK COTTON
NEW YORK, April 29.—CP)—
futures swa; ed narrowly in
t today. The final
r;\n;:o Was 2 points lower to 3
hither.
Prices printed upward at the
stai in line with the behavior of
overseas markets. Gains were em
phasized by trade price fixing and
Wall street demand.
When the market had moved up
3 to 7 points, however, traders
lave a little more thought to
r ns in parts of 1he
as beneficial by observers, and
selling orders began to pile up.
An increasing number of hedges
ill ' d by the higher prices
c beck of the advance was :
broken.
Exports Saturday 11,636 bales;
season so far 5,865,131. Port re
9.152; port stocks 2,688,252.
Range follows:
New :
Open High Low Close
31a» - l".:"! I'l.Iili in.;’", 10.91 unch
< 0-1 . . log: 10,99 10,11 10.IS UP 1
• o • -- 10.0K 19.OK 10.00 in.or, UP 3
Ion 10.on lo.oo 10,o0 9.9!iN up 3
Hill __ 9.92 9 93 9.S.l less up 2
May 10.83 1U.S3 10.77 10.SO unch
Old:
May . 10.S3 10.83 10.77' 10.SO unch |
■Iui.• in. 10.19 io.r»i off 21
NA'iinfiial.
Sict nominal: middling (7-S inch)
10.91.
DRY GOODS
NEW YORK, April 29.—(.Ti—
I: yon sl'.eers for May delivery
. ere in r c" ive demand today in
Worth ’ street. Buyers were also
interested in forward contracts on
piement taffetas.
Limited activity was reported
i ttoi >ods dealers, with a
tendency to await a pick up in
ished goods business. Improved
weather is expected to stimulate
retail trade.
Sales in silk fabrics were ex
tremely small.
Business in woolen piece goods
was f; irly active. Dealers esti
mated approximately 50 per cent
uf the total fall demand has been
filled.
CASH GRAIN
CHICAGO, April 29.—(BP)—Cash
‘•heat No. 4 red 1.09: sample
•ade mixed 1.00 1-2; No. 1 dark
1.07 1-2.
Corn No 3 nixed 73 1-2: No. 1
yellow 67 1-4 to 68 3-4: No. 2, 67
o 68 -2; No. 3, 67 3-4 to 68 1-4:
rade yc llow 671- 2 to 3-4;
No. 3 white 74 1-4.
Oats No. 2 mixed 40; No. 3. 39
3-4; No. 2 white 41 3-4 to 42 1-4;
No. 3. 41 I S to 42: No. 4. 39 to
10 1-2: si mple grade while 38 1-2
to 39 1-2.
Bar! . malting 53 to 66 nom;
feed 40 to 53 nom: sample grade
54: No 3, malting 62 to 63.
Soy lu ans No. 3 yellow 1.07
1-4; No. 4 1.05 1-4 to 1.06.
RICHMOND LIVESTOCK
RICHMOND. Va., April 29.—OP)
Livesloel St< ady. Good
and cl lice 180 to 225 lbs. 6.10 to
4.30 top. 100 to 120 lbs. 4.30 to
20 to ' 10 lbs. 4.80 to 5.50;
140 tol 60 lbs. 5.30 to 5.80; 160 to
180 lbs. 5.40 to 5.90; 225 to 250 lbs.
5.60 to 6.10: 250 to 300 lbs. 5.40 to
5.90; ( . )0 lbs. 5.10 to 5.00.
Cuttle: Active, 25 to 50 higher.
Steers: 9.00 to 9.50; few light
fleshed common killers downward
to 8.00. 20 head strictly good 749
lb. fed yearlings 10.50.
Vealers: Light. 11.00 down; few
choice quotable to 11.50.
CHICAGO BUTTER
CHICAGO, April 29.—UP)—But
ter 594,938, steady; creamery—93
:ore, 27; 92, 261-2 ; 91, 26 1-4;
26; 88, 25 1-2: 90 cen
tralized carlots, 26 1-2. Eggs 63,
448, steady; fresh graded extra
firsts local 17 1-4, cars 17 3-4;
firsts local 16 3-4, cars 17; cur
rent receipts 15 1-2; storage pack
ed extras' 18 1-2; firsts 18 1-4;
dll ies 14 3-4; ..checks 14 1-2.
STOCKS IN THE SPOTLIGHT
\ii\V .YORK, April 29. — (At) —
Sr: elusiiig price and net-change
of the fifteen most active stocks to
dao : ■
I Yip : nd How. 19,100—20%; no.
. 11,00—25; a 1.
i 8 irt. 1 Jr; ss, '9,700—13% ; a%.
Loft. ,9,20.0—36%: a %.
' the,' 9.100—21: a;4 .
Am !lu\v SS. 1.600—15; al%.
tiss Wright, 0.900—10%; no.
Press St I Car, (1.700—1.358: a%'.
While !'■ w Mach, 6,600—6%: a%.
Int Mca Mar, 5,900—43%; no.
Schulte Hot, Ei.SOO— %; cl 1-16.
Ua .twin Lee Ct, 5.500^-17"! ; a%«
I'S Steel. 5,200—Cl"1: a%.
Bepub Steel, 5.200—21 ; no.
Beth Steel, 5.000—S3 % : all.
PEANUTS
SUFFOLK,, Va.. April 29.—UP)—
Peanut quotations: Jumbos 3 7-8
to 4: bunch 3 1-2 to 3.60; runners
3 1-4 "to 3 3-8,. Market’ continues
firm.
Clev Un Term 5%s 72_ 85%
Clev Un Term 4%s 77C_ 68
Erie Rf 5s 67 _ 15
Hud Coal 5s 62A _ S2
Hud and Man Rfg 5s 57_ 47%
tnt Her Mar 6s 41 _ 76
Lou and N 4%s 2003 _ 93%
XYC Rf 5s 2013 _ 53%
Xorf and W. 4s 06 _125%
Xor Pac- 6s 2047 J_ 58%
Penn RR Gen 4%s 65 _104
Phil Read C and I Cv 6s 49 _ 3%
Purity Bak 5s 48 ___104%
Seah A R Cn 6s 45_ 6%
So Pae Rfg 4s 55 _ 59%
So Ry Gen 4s 56___ 57%
Third Ave 4s 60 _ 60%
West Md 4s 52_ _ 83
FOREIGN
Australia 5s 55' __ 65%
Australia 4%s 56_,_ 62%
Belgium 7s 55 _100%
Brazil 6%s 26-57 _ 14%
French 7s 49 _117
Ger Govt 7s 49 _ 14%
Italv 7s 51 _ 52%
Japan 6%s 54 _ 88%
Orient Dev 5%s 58 _ 55%
|
will TVTA4 Gh-n I'll,
President Until Aims Of
New Deal Secure
RALEIGH, April 29.—HP)—Sena
tor Claude Pepper of Florida, urg
ing a third term for President
Roosevelt, declared here tonight
that the American people “will not
give up Roosevelt’’ until the aims
of the New Deal are secure.
Speaking at a rally of young
democrats of the Fourth congres
sional district, Pepper described
the President as a man having
“guts and a heart as big as a
mule.”
The senator praised North Caro
lina's Governor Hoey for issuing
a statement recently asserting that
lie would support the election of
Roosevelt instructed delegates to
the democratic national conven
tion.
“Roosevelt suits us young demo
crats,” said Pepper, "just as he
suits the older democrats like your
fine governor here. Roosevelt suits
us as he suits the people of Amer
ica, because lie' has got what we
like. He knows what it is all
about. He is a real man.
“We will not give up Roosevelt
until these new rights—-the right
to a job, tlie right to security in
times of private unemployment and
in old age, the right to a decent
home, the right to in education,
the right to bargain collectively
with the boss, the right 11 enough
to eat, the right to adequate pay,
the right, to sell the products of
the farmer’s toil at a fair price,
tlie right to security of saving,
the right to security of home and
family, the right to a fair share
of the nation’s resources and to
protection against their exploitation
—until these new freedoms, until
these new deals to the American
people are secure.”
The American people, he added,
trust the President and will fol
low him as no other leader.
“He is their rendezvous with des
tiny and they are determined to
keep him,” he said.
Republicans who say they fear
a third term were described by
Pepper as having short memories.
“Even the. 'greatest secretary of
tlie treasury since Alexander Ham
iltnn’ 111 inpil f’nnlirlcro would pod
sent to run for a third term if the
conventions were deadlocked,” the
senator said.
“That rather conservative figure,
Herbert Hoover, the rather honor
able. and respectable chief justice
of the United States, Charles E.
Hughes, that rather substantial
business man, Henry Ford, that
rather respectable business man.
Ogden L. Mills—they were all
among the draft-Coolidge-for-a
' bird-term clan.”
BALTIMORE POTATOES
BALTIMORE, April 29.—(API—
Potatoes old)—Dull. Truck—100
ib. sacks U. S. Is, Md. and Pa.
round whites 1.60 to 65; Chippewas
and katahdins 1.75 to 90; N. Y.
round whites 1.60 to 75 :U . S. com
mercials 1.35 to 50. Rail—100 lb.
sacks U. S. Is, Maine mountains
1.85 to 2.00; Chippewas and katah
dins 2.00 to 15; Idaho russet Bur
banks 2.50 to 60. (New)—Dull.
Fla. bushel baskets U. S. Is,
katahdins best 1.40 to 50; poorer
1.25t o 35. 100 lb. sacks katahdins
(J. S. Is, 2.75. Bushel crates bliss
triumphs U. S. Is, 1.65 to 75. Tex
as 50 lb. sacks bliss triumphs U.
3. Is, 1.65.
Sweet potatoes—Dull. Eastern
3hpre Md. bushel baskets goldens
[J. S. Is, 1.35 to 50; ungraded
1.00 to 25; Jerseys U, S. Is, 1.25
:o 40; ungraded 90 to 1.00; Nancy
Halls and Puerto Ricans U. S. Is,
10 to 100, ungraded 65 to 75; white
gams U. S. Is, 75 to 85; few un
graded 50 to 60. N. C. bushel bas
kets Puerto Ricans U. S. Is, 80 to
1.00; few fine quality higher; un
graded 50 to 75.
N. O. COTTONSEED OIL
NEW ORLEANS, April 29.—(iP)
—Cottonseed, oil closed steady;
aleachable prime summer yellow
>.25b; prime crude 5.75 to 5.87
[-2; May 6.27b; July 6.36b; Sept.
I. 46b: Oct. 6.48b; Dec. 6.52b.
b—Bid.
SPOT COTTON
NEW ORLEANS, April 29.—OP)
—Spot cotton closed quiet 2 points
ligher.
Sales 200; low middling 9.84;
ruddling 10.84; good middling
II. 29; receipts 1,061; stock 688,
>84.
STANLEY DAWSON
SENTENCED HERE
Given Nine Months On Roads
Following Conviction On
Hit-And-Run Count
Nine months on the roads was the
sentence drawn by Stanley Dawson
yesterday in recorder’s court when
lie was convicted on charges of reck
less and hit-and-run driving with
property damages resulting
Dawson was arrested after the
'ar he was operating was involved
n a collision with a car driven
by L. S. Solomon on April 26 with
lamages to both machines result
ng.
Ralph Wood drew five months
m the roads on a charge of forci
ble trespass on the property of
Ellis Sherman on April 26.
Lennie James, of 1106 North
Eighth street, received sentences
:otaling seven months at the coun
:y farm on four counts of larceny
ind receiving.
James was convicted on charges
jf larceny as follows: three months,
quantity of clothing, property of
Mrs. Henry Hall, of 1213 North
Fourth street; one month, wearing
apparel, property of Mrs. Neil
Futrelle; one month, quantity of
wood and tin “foot” tub; and two
months, dress and coat, property
of Mrs. J. C. Montfcrd.
Judgement was accepted in the
case of Martin Davis, convicted re
cently on a charge of assault with
a deadly weapon, whose sentence
was amended to read one year at
the county farm instead of on the
state highways.
Herbert Bacon, of 517 South
Ninth street, was fined $50 and
taxed with the costs on charges of
hit-and-run driving with property
damages resulting.
Trial of Andrew Henry, of 1313
North Seventh street, charged with
larceny of an automobile, hit-and
run driving with property damages
and injury to person resulting, was
continued until May 2 and appear
ance bonds totaling $600 were re
quired.
Henry is charged with the lar
ceny of an automobile, the proper
ty of Mary J. Br°wn, and is charg
’d with hit-and-run driving in con
nection with a collision involving
his car and another operated by
H. W. Wells on April 27 in which
Mrs. Wells was injured and prop
erty damages resulted.
The case of Leroy Kelly, charged
with assault with a deadly weapon
with the intent to kill with serious
injuries resul 'g, was continued
until May 6 nd an appearanc*
bond of $5,000 was required.
Kelly was arrested after he al
legedly stabbed Sadie Hoskins on
April 27 with the intent to kill and
inflicted serious injuries.
Richard Pettigrew drew 30 daya
on the roads on a charge of vag
rancy and building a fire on a
paved street. Henry Rowell, of 618
Bloom’s alley, received 30 days on
the roads on a charge of assault
on a female.
The trial of Pete Robinson, of
1216 1-2 North Eighth street,
charged with reckless and hit-and
run driving with damages to prop
erty resulting, was nol prossed.
The case of Hampton Sanders,
charged with violations of the liq
uor law's, was continued until to
morrow and an appearance bond o1'
$400 was required.
John Higley of Granby, Conn., is
sued a private copper coin known as
the ‘Granby token," in 1737.
NEW ORLEANS COTTON
NEW ORLEANS, April 29.—(TP)—
Cotton futures were slightly higher
today on trade buying. Closing
prices were steady net unchanged
to 2 points up.
Open High Low Close
May 10.90 10.91 10.87 10.90B
July 10.64 10.67 10.60 10.64 up 2
Oct ... 10.25 10.27 10.19 10.21 unch
Dec _. 10.07 10.07 10.07 10.07B
Jan — 10.05 10.05 10.05 10.01B
Mch _. 9.93 9.93 9.90 9.91B
May ’41 9.85B_ _ 9.81B
B-Bid.
BALTIMORE HOGS
BALTIMORE, April 29.—CD—
(U. S. Dept. Agr.)— Hogs—1,500.
10 higher than Friday; practical
top 7.00. Good and choice 170 to
210 lbs. 6.75 to 7.00; 220 to 240
lbs. 6.50 to 75; 250 to 300 lbs. 6.00
to 55; 150 to 160 lbs. 6.60 to 85;
140 to 150 lbs. 6.45 to 65; 130 to
140 lbs. 6.20 to 45; 120 to 130 lbs.
3.00 to 30. Packing sows 4.90 to
5.40.
NEW YORK BUTTER
NEW YORK, April 29—CD—But
ter 649,703, firm. Creamery, higher
than extra 27 3-4—28 1-2; extra (92
score) 27 1-2; firsts (88-91 score)
26 3-4—27 1-2; seconds (84-87 score)
25 1-2—26 1-2.
ADVERTISEMENT
WAKE UP YOUR
LIVER BILE
Without Calomel—And You’ll Jump Out ol
Bed in the Morning Rarin’ to Go
. The lh-er 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.
Liycr Pil13 by name
lOtf and 25(*. Stubbornly refuse anything else,
“CATERPILLAR” DIESEL
ELECTRIC SETS!
SAVE REAL MONEY FOR
RESORTS, HOTELS, CAMPS
If your electricity rate is higher than 1
cent per k.w.h. . . . investigate "Cater
pillar” Diesel Electric Sets. TAese com
pact, simplified units are really slashing
light bills. And they’M easily installed
. . . need no batteries ... no outside con
trol apparatus . . . require no ‘‘standby’*
charges. Let us give you more facts on
the “Caterpillar” Diesel Electric Set.
Write us a card or visit us.
CATERPILLAR
REG. U. S. PAT. OFF.
CAROLINA TRACTOR
& EQUIPMENT CO.
RALEIGH, N. C.
Gentlemen:
Please give me full de
tails about this money
saving Caterpillar Equip
ment:
Firm .
Address .
City ..
By ...
SN2
PROPOSALS FOR
STREET IMPROVEMENTS
CITY OF WILMINGTON, N. C.
Sealed proposals will be received by the Board of Commis
sioners of the City of Wilmington, North Carolina, at the City
Hall until 10 o’clock A. M. on the 10th day of May, 1940, for
street improvements in the City of Wilmington, North Carolina,
comprising the following approximate items and quantities:
2000 tons of sand asphalt base, and 1200 tons of sand asphalt
top, at which time and place they will be publicly opened and
read.
Plans and specificatons are open to public inspection at the
office of the Commissioner of Public Works, City Hall, Wilming
ton, North Carolina.
General contractors are notified that “An Act to Regulate
the Practice of General Contracting,” ratified by the General
Assembly of North Carolina on March 10, 1925, and as subse
quently amended, will be observed in receiving and awarding
general contracts.
Each proposal shall be accompanied by a cash deposit, or
a certified check drawn on some bank or trust company author
ized to do business in North Carolina, of an amount equal to
not less than 5% of the proposal; said deposit to be retained in
the event of failure of the successful bidder to execute the con
tract within ten (10) days after the award or to give satisfac
tory surety as required herein..
Each proposal must be submitted on blank forms provided
and enclosed in a sealed envelope addressed to the Board of
Commissioners, and marked "Proposal for Street Improvements.’’
The City reserves the right to reject any or all bids or to
accept the bid which appears to be to the best advantage of
the City of Wilmington.
Any bid received after the scheduled closing time for the
receipt of bids will be returned to the bidder unopened.
Dated this 30th day of April, 1940.
By order of The Board of Com
missioners of the City of Wilming
ton, North Carolina.
J. R. BENSON,
City Clerk & Treasurer.
J. A. Loughlin,
City Engineer,
Wilmington, N. C.
I
i_ -

xml | txt