OCR Interpretation


The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990, May 24, 1940, Image 13

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

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn78002169/1940-05-24/ed-1/seq-13/

What is OCR?


Thumbnail for 13

MART SUFFERS ANOTHER ATTACK OF ‘WAR NERVES’
' nrr_V--------*_ ^ __.
SEVERAL LtADfclfo
SUFF R REVERSES
a ociated Press Average Of
60 Stocks Off .1 Of A
Point Net At 38
CA FREDERICK GARDNEB
V;-W yoRK, May 23—ta>>—Trad
' "uttered another wild attack of
nerves" in today’s stock mar
"Avar
and leaders slumped 1 to 4
■ , before attracting last-minute
pOHltS L
£UPPorl
The list started off with gains
,n„ t0 3 or more for steels, air
rU1{"‘ 'motors and specialties. The
Ivsfrom Europe turned a hit sour,
however, and trends soon began to
“J At the forepart of the final
Iia', a Jeuing blast knocked quota
f. Js io the lowest of the day. For
'Lief interval the ticker tape was
whind. Then buyers stepped in
';■/ extreme losses were substan
J, iy cut or transformed into modest
advances in many cases.
Tl,e result of the erratic perforin
„nce teas that the Associated Press
average of 60 stocks was off .1 of a
oint net at 38. or .3 of a point above
J.f, year's low. Transfers totaled
1642.450 shares against 2,132,630
vesterday.
The recovery shift that got under
rav Wednesday was stemmed ap
parently by further conflicting dis
ratches* from the battle fronts, warn
in=s ot- British officials that the
country was "in fearful danger,” a
fresh attempt of the Nazis to smash
Allied troops ill Belgium and north
J.n France and indications Hitler
forces were gathering on the English
Channel for a blitzkrieg at England
Despite cloudiness of the overseas
piCtUre, some speculative contingents
still derived bullish stimulation from
the home business front and expecta
tions of strong props for industry in
the administration's huge rearma
ment program.
Allied L'nemieai was a wean
dropping 4 1-2 at 141. Off at the
finish, but fractions to 3 above their
|0WS, were Bethlehem Steel, Youngs
town Sheet, General Motors, U. S.
Rubber, Douglas Aircraft, United
Aircraft, Glenn Martin, Sperry,
Lockheed, Dow Chemical, Kennecott,
Loft, Santa Fe, Great Northern, J. I.
Case and Texas Corn.
Ending with gains running to a
point or so were Chrysler, U. S. Steel,
American Telephone, Consolidated
Edison. Pennsylvania, International
telephone and American Smelting,
the widest advance was shown by
Du Pont which jumped 4 1-4 to 154.
Rails kept their balance notwith
standing today's figures on last
week's loadings disclosed a contra
seasonal decrease.
Aluminum Ltd., sloughed off 13
points in the curb. Lesser losers in
cluded E. W. Bliss, N. J. Zinc, Stand
ard Steel spring, Creole Petroleum
and Niles-Bement-Pond. Slightly
ahead were Electric Bond & Share.
Nehi Corp. and St. Regis Paper.
I’olume here was about 280,000
shares compared with 366,000 the
day before.
STOCK AVERAGES
30 15 15 60
i Indus Rails Util Stks
Met change - d.2 unch unch d.l
Thursday 54.1 13.2 31.1 38.0
Lev. day_ 54.3 13.2 31.1 38.1
Month ago ._ 72.0 19.1 38.8 50.3
Tear ago_ 66.5 18.5 37.0 46.9
1940 high_ 74.2 20.5 40.6 52.2
1940 low _ 53.5 13.2 31.1 37.7
1939 high ... 77.0 23.8 40.6 53.9
1939 low .... 58.8 13.7 33.7 41.6
60-Stock Range Since 1927:
1937-38 1932-36 1927-29
High - 75.3 72.8 157.7
bow - 33.7 16.9 61.8
> What Stocks Did
Thurs. Wed.
Advances _ 347 453
beelines--- 376 337
unchanged _ 204 185
Total Issues_ 927 975
N Y, COTTONSEED OIL
new YORK, May 23.—(M—A set
in bleachable cottonseed oil
Mures today carried nearby posi
lons under the 6-cent mark and
!e general list to within striking
distance of the season’s lowest lev
f,s’ or 21 to 24 points net lower at
™ close.
Persistent liquidation, prompted
J declines in Allied markets, un
°'ered stop-loss orders and the
*°P was accelerated in final deal
ings.
totaled 233 contracts. July
ed at 5.94; September 5.99b;
Weber 6 01; December 6.07; Jan
UaD 6.09b. (B—bid).
oil buyers withdrew ear
, tuds as futures receded. Mar
win, leverted to a nominal basis
j, , southeast and valley quoted
5 cents a pound and Texas
cents.
Richmond livestock
«o!k HMuXD' May 23.—(iP)—Live
Quotin Hors: 20 cents higher.
r K00d and choice 180-225
3/0,Vf44°. 5’00’ 100420 lbs’
lfir, n 120440 lbs- 4.20-4.95; 140
5™.^ 4.05-5.25; 160-180 lbs. 5.25
iSo'-,-0'-00 ,bs- 5.00-5.50; 250-300 lbs.
Under 300.lbs- 4.65-5.15. Sows
3.45.3 95°° bS‘ 3-95*4-45; over 350 lbs.
slow- t!!’1 Rf-ce*Pts light. Cows,
lic-rs’ ,n ,k fat ldnds 6.00-6.50, oan
top 0n L cmtors 4.00-5.50, practical
commor' eiShty sausage bulls 6.75,
S.Oj. J' an0 niPdiuni downward to
teale n1 .f n^ad^ Practical top sood
■ common down to 7.00.
NEW n!°T COTTON
Spot CnhRLEANS’ May 23—UR—
changed'cIosed quiet. Un
s 00, miriri, 1 s none- Low middling
ltU5’ recent* 1s'7a0’ g00d middling
e‘Pts 579. stocks 556,746.
Closing Stock Quotations
(By The Associated Press)
Adams Exp _ 4 7.5
Air Reduct _38 i_j
Alaska Jun _ 4 7.4
A1 Chem and Dye_141
Alleghany _ g.g
Allis Chal Mfg_24
American Can _91
American Car Fdy_21
American Coml Alco_ 4 1-2
American For Pow_ 1 i_g
American Pow and Lt_ 2 1-4
American Rad and St S_ 5 1.2
American Roll Mill_10 3.8
American Smelt and Ref_34 1.4
American Sug Ref_15
A T and T_I47 1.4
American Tob B_74 1.4
Anaconda_19 j_g
Arm 111_ 4 i_8
A T and Sf -1 13 5.3
ACL -10
Atlantic Refinery _20
Atlas Power _57
Aviation Corp _ 6
Baldwin__13
B and O - 3 i-g
Barnsdall _ 7 i-8
Bendix Aviation _27 1-8
Bethlehem Steel _ 66 5-8
Boeing Airplane _16 1-2
Borden_18
Borg Warner_14
Briggs Mfg _14
Budd Mfg _ 3 1-8
Budd Wheel _ 3 1-2
Burl Mills _ 13
Bur Add Mach _ 8
Calumet and Hec _ 4 7-8
Canadian Dry _12 1-2
Canadian Pacific_ 2 5-8
Cannon Mills _32
Case J I _40
Caterpil Tractor _44
Champ P and F_19
Ches and Ohio_33
C M St P & F Pf_ 3-16
Chrysler _59
Coca Cola _102
Colum G & E _ 4 1-2
Coml Credit _30
Coml Solv _ 8 3-8
Comwlth & Sou_ 13-16
Consol Edison _ 24 7-8
Con Oil _ 6
Cont Can _34 1-2
Corn Prod _46
Curtiss Wright _ 8 1-2
Curtiss Wright A _ 22 7-8
Davidson Chem _ 4 1-4
Del Lack and W_ 2 5-8
Douglas Aircraft _75 1-4
Dow Chem _142 1-2
Castman Kodak _131
31ec Auto Lt_26 1-4
Slec Pow and Lt_ 3 3-8
Cirestone _14 1-2
Creeport Sul_ 25 3-4
General Electric _29
General Foods _37 1-4
Ceneral Motors _ 38 7-8
Gillette _ 4 1-4
Hidden_11
Joodrich _10 1-4
Joodyear _12 7-8
Craham Paige _ 5-8
Ct Nor Ry Pf .. 17 1-4
Hudson Motors_ 3 3-8
Huppmobile Motors_ 9-16
Illinois Central_ 6 1-4
Int Harvest _42
Int Nick Can _21
[nt Tel and Tel- 2 1-4
Johns Man_-_48
Kennecott - 26 7-8
Kinney _ 1 5-8
Kroger Groc - 24 7-8
Libby O F G1 _34
Ligg and Myers B_89 1-8
Loft _IV 1-2
Loews _21 3-4
Lorilard _19 1-8
Louis and Nash_42
Mack Truck _17 1-8
McCrory Stores_11
Mo K T _ 1-2
Mont Ward _34 1-2
Murray Corp _ 4 1-4
Nash Kelv - 3 3-4
Nat Biscuit_IS
Nat Cash Reg -10 5-8
Nat Dairy Prod _13
Nat Dist _18
Nat Lead _15 5-8
Nat Pow and Lt_ 5 7-8
N Y Cent _ 10
No Am Aviat_17 1-2
North Am _16 1-2
Nor Pac _ 5
Ohio Oil _ 5 7-8
Otis Elev _11 1-2
Pao G and E _26 1-4
Pac Mills_ 8 3-4
Packard _ 2 3-4
Param Pix _ 4 5-8
Param Pf _ 64
Penney J C _ 74 3-4
Penn Dixie _ 2
Penn R R__16 1-2
Phillips Pet _ 28 7-8
Pitt Scr & B ~ _ 5
Pub Svc N J _ 33 5-8
Pullman _17 3-8
Pure Oil _ 7 1-8
Radio _ 4 1-2
Rad K O _ 3-4
Rent Rand _ 6 1-4
Rep Steel _14 3-4
Reynolds B _36
Seab A B _ 3-16
Seab Oil -_ 12 1-2
Sears _63
Shell Union _._ 8
Socony Vac - 8
Sou Pac _ 7 1-4
Sou Ry---14 5-8
Sperry _36
Std Brands _ 5 1-8
Std Oil Cal -. 19 1-4
Std Oil Ind _ 22 1-4
Std Oil N J _ 32 3-4
Stewart Warner _ 4 5-8
Studebaker _ 6 1-8
Swift - IS 1-2
Tex Corp _34
Tex Gulf Prod _ 2 5-8
Tex Gulf Sul _ 26 7-8
Timken Det Ax-19 1-2
Transamer _:_ 4 3-8
Trans and West Air_13
Un Carb _ 64 3-8
Un Pac_73
Unit Aire _41 3-4
Unit Corp _ 1 1-2
Unit Drug _ 4 1-2
Unit Fruit _61 3-4
Unit Gas Imp _10 1-2
US Ind Alco_15
US Pipe _23
US Rub _ 15 7-8
US Smelt and Ref- 39 1-4
US Steel -44
Vanadium _ 26 1-4
Va Caro Chem_ 2
Warner Pic _ 2 1-8
West Mary _ 2 3-4
Western Union _15
West Elec and Mfg_83 1-2
Wilson _ 3 7-8
Woolworth _32 1-2
Yell T and C_11 1-3
Youngs S and T__ 29 3-8
Total sales, 1,642.450.
CURB
Asso G and El A_ 1-8
Can Marconi _ 11-16
Cities Service_ 4 3-4
Colon Dvmt _ 1
El Bond and Share _ 4
Gulf Oil _ 28
STOCKS IN THE SPOTLIGHT
NEW YORK, May 23.—OP)—Pales,
closing price and net change of the
fifteen most active stocks today:
Curtiss-Wright, 42,000—8%; a 74
Loft, 35,200—17%; d%.
Gen Motors, 31,900—3874; d%.
US Steel, 27,000—44; a.%.
Boeing Airpl, 24,500- 16%; <31.
Beth Stl, 23,000—66%; d74.
Anaconda, 21,500—19%; no.
Lockheed Aire, 21,300—29%; d%.
Republic Stl, 19,900—14%; a74.
Int Pap and P, 19,500—1174 ; d74.
Packard, 18,500—2%: a74.
NY Central, 16,100—10; a 74.
Radio, 14,200—4%; a%.
North Am Avia, 14,100—17%; d%.
Chrysler, 13,400—59; al.
NEW YORK COTTON
NEW YORK, May 23—t®—Early
firmness in cotton futures gave way
to irregularity when outside liquida
tion and hedge selling overbalanced
trade and Wall street support today.
Final quotations were 5 points
lower to 4 higher. At the best,
prices were up as much as 9 to 11,
influenced by advances at Bombay
and support by the trade.
Reports to the trade from south
eastern cotton mill centers indicat
ed that mills found some improve
ment in sales of good- though they
remained less than current levels
of production.
Business in Worth street remain
ed, aside from routine price check
ing by converters and printers.
Exports Wednesday 9.027 bales;
season so far 5,757,056. Port receipts
4,283; port stocks 2,628,876.
Range follows:
New:
Oen High Low Close
July __ 9.50 9.50 9.33 9.40 up 4
Oct .... 8.76 8.82 8.53 8.62 off 5
Dec __ 8.66 8.73 M3 8.51 off 5
Mch __ 8.38 8.47 8-20 8.29 off 1
Mav 8.27 8.33 8 05 8.17 off 1
Old:
Julv __ 9.24 9.32 9.10 9.17 up 1
Spot nominal; middling (74-inch)
9.99.
BALTIMORE HOGS
BALTIMORE, May 23—(AO—(U.
S. Dept. Agr.LHogs 250. Generally
10 higher; practical top 6.20; good
and choice 170 to 210 lbs. 5.95 to
6.20; 220 to 240 lbs. 5.70 to 5.95;
250 to 300 lbs. 5.20 to 5.75; 150 to
160 lbs. 5.60 to 5.85; 140 to 150 lbs.
5.45 to 5.65; 130 to 140 lbs. .20 to
.45; 120 to 130 lbs. 5.00 to 5.30.
Packing sows 4.10 to 4.60.
PEANUTS
SUFFOLK, Va., May 23—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 steady.
FOREIGN EXCHANGE
NEW YORK, May 23—Iff)—T h e
British pound sterling fluctuated
over a wide area today and finally
dipped four cents when stocks
turned around in the afternoon.
The closing level was $3.19 against
a day’s high of $3.23 1-4.
There were no new developments
accompanying the fresh decline ex
cept slightly more confused war
news affecting the Allies.
The French franc countered ster
ling’s trend and ended a minor
fraction higher at 1.81 cents.
The Canadian dollar sank along
with sterling and ended .62 632 of a
cen lower at 78 U. S. cents. Other
leading currencies showed only mi
nor changes.
Closing rates follow:
(Great Britain in dollars; others
in cents): —
Great Britain, demand 3.18, ca
bles 3.19, 60-day 3.16 1-2 90-day
3.15 1-2; Belgium unquoted, Den
mark unquoted, Finland 2.00n,
France 1.81, Germany 40.25N (ben
evolent 19.35), Greece .63, Hungary
17.65N, Italy A5.05, Netherlands un
quoted; Norway unquoted, Portu
gal 3.27, Rumania .52N, Sweden
23.84, Switzerland 22.40, Yugoslavia
2.35n, Argentina official 29.77, free
22.70, Brazil official 6.05, free 5.10
Mexico 16.85n, Japan 23.48, Hong
kong 20.1 , Shanghai 5.6 .
(Rates in spot cables unless oth
erwise indicated. N-nominal.
NAVAL STORES
SAVANNAH, May 23—OP)—Tur
pentine firm 27 1-2; offerings none;
sales none; receipts 104; shipments
66; stock 8,292. Rosin firm; offer
ings 724, all sold; receipts 118;
shipments 1,200; stock 164,727.
Quote: B, 3.75; D, 3.80; E, 4.15;
F, G, H, I, 4.50; K, 4.65; M, 5.00;
N, 5.25;’WG, 5.50; WW, 5.90; X,
6.10.
dry goods
NEW YORK, May 23—OR—Fair
inquiry from converters and print
ers for cotton gray goods, business
small; rayon—routine business in
summer dress goods and wash
ables; silk — improved hosiery
sales; woolen goods-buyer? con
fine purchases to immediate needs.
CASH GRAIN
CHICAGO, May 23—OP)—No cash
wheat sales. . ,
Corn No. 1 yellow 67 to 67 1-4,
No. 2, 68 1-4. .
Oats No. 3 mixed 36.
Barley, malting 53 to_ 64 nom,
feed 40 to 50 nom; No. 4 barley 52.
SHIPPING NEWS
ARRIVED
Tanker ‘
Frederickson, 3,202 tons, from
Texas City with cargo of gasoline
and petroleum products for the Pure
Oil company, Cape Fear Terminal
company, agents.
Motor Vessel
Big Chief, 237 tons, from Bayonne,
N. J., with cargo of petroleum prod
ucts, Southeastern Shipping Serv
ice, agents.
Barge
Purol from Texas City with cargo
of gasoline and petroleum products,
Cape Fear Terminal company, agents.
IN PORT
Cutter
Modoc U. S. coast guard cutter,
docked at customhouse wharf.
Barges
Lottie, 740 tons, and Potomac,
772 tons, loading cargoes of lum
ber at the J. Herbert Bate ' Lum
ber company.
INWARD BOUND
Steamer
Illinoian, 4,117 tons, from Pacific
coast ports via Puerto Rico and
South Atlantic ports with genera]
cargo, Cape Ifear Shipping company,
agents.
NEW YORK SUGAR
NEW YORK, May 23—hD—World
sugar futures bobbed up and down
with other speculative markets to
day, then steadied and closed un
changed to 1 1-2 points higher.
Domestic contracts were down 2 to
3 points at the close. Sales aggregat
ed 24,250 tons.
Spot raw sugar fell 8 points on
sales of 25,000 bags of Cubas at 2.70
cents, delivered basis, then dropped
another 6 points on purchase by one
refiner of 6,000 bags of Puerto Ricos
in port at 2.64 cents. The latter
price is a new low for the year and
the lowest price for duty-paid su
gar since June 1932, prior to sugar
control.
The refined market was unsettled.
Offshore refined was reported avail
able at 3.22 1-2 cents and possibly
No. 3 range follows:
High Low Close
July _ 1.81 1.75 1.74B
Sept-- 1.86 1.79 1.79B
Jan. - 1.83 1.75 1.75B
March ___1.85 1.7S 1.78B
May_N_N_N_ 1.91 1.85 1.83B
B-Bid.
CHICAGO GRAIN
CHICAGO, May 23 — (iB— The
wheat market tried today to extend
its recovery of the week but when
securities prices weakened grain
slumped.
Wheat was up as much as a cent
in the first hour but this was lost
quickly. Thereafter, the market
was extremely nervous and at
times quotations were as much as
1 1-2 cents below yesterday’s close.
Final figures were 1-2 to 1 1-8 lower
than yesterday, with July at 82 1-8
to 3-8 and September 82 3-8 to 1-2,
or around 4 cents above the fixed
minimums.
War news continued to dominate
the trade and for a cue as to how
things were going abroad most
grain traders watched the action
of securities prices. The confused
battle situation tended to keep
many dealers to the sidelines
awaiting developments.
Corn closed 1-8-1-2 lower, July 62.
September 61 1-8-1-4; Oats 1-4-3-8
off; rye 1 1-8-1 1-4 lower; coy beans
1-8 off to 1-4 up and lard 15-20 lower.
The domestic situation in wheat
included reports of spreading black
rust in the domestic southwest but
apparently the crop situation has
been so much over shadowed by
war that traders are disregarding
it. In fact, wheat prices now are
only about 5 cents higher than a
year ago even though the crop out
look suggests a much smaller har
vest.
Open High Low Close
WHEAT:
July _83% 84 81% 82%
Sept _ 84 84 % 82 82%
Dec _84% 85% 82% 83%
CORN:
July _62% 62% 61% 62
Sept _- 61% 61% 61 61%
Dec _ 60 60 59% 59%
OATS:
July _33% 34 33% 33%
Sept _ 32 32 31% 31%
SOY BEANS:
July _89% 89%
Oct _77% 77%
RYE:
July _47% '5774 46 46
Sept _49% 49% 47% 47%
LARD:
July _ 5.32 5.42 5.05 5.05
Sept _ 5.55 5.62 5.25 5.21
Oct _ 5.75 5.75 5.32 5.32
Dec _ 5.80 5.80 5.50 5.5C
BELLIES:
July _ 5.35 5.35 5 30 5.3C
Sept - 6.35
BOND AVERAGES
20 10 10 10
Rails Indus Util Fot
Net change _ d.5 unch d.3 a.i
Thursday_x48.5 99.5 x90.3 38.(
Prev. day_ 49.0 99.2 90.6 37.1
Month ago — 58.3 103.2 96.9 47.(
Year ago_ 55.1 99.7 96.0 61.4
1940 high ___ 59.9 103.6 97.5 53.1
1940 low_ 48.5 99.2 90.3 37.'
1939 high 64.9 102-0 97.5 64J
1939 low _ 53.4 95.8 90.4 41.1
10 Low Yield Bonds
Thursday _108.1
Prev. day _108.1
Month ago _112.f
Year ago _ 112.:
1940 high _ 113.:
1940 low _ 108.1
1939 high _112.1
1939 low _ 1031
x-New lows.
NEW ORLEANS COTTON
NEW ORLEANS, May 23.—(TP)—
Cotton futures were nervous anc
i.-regular today, dominated by wai
news. Closing prices were steady
8 points net lower.
Open High Low Close
July — 9.38 9.45 9.25 9.30B
Oct — 8.79 8.85 8.57 8.63 off S
Dec 8.70 8.74 8.47 8.57B
Jan — S.62B_ _ 8.49B
Mar 8.30 8.33 8-25 8.32B
May __ S.33B__8.19
B-Bid.
Closing Bond Quotations
(By The Associated Press)
GOVERNMENT BONDS
Treasury
3%s 43-41 Mch. . 102.31
314s 45-43 _107.24
314s 46-44 _108.20
4s 54-44 _111.28
2"4s 47-45 _106.30
2%s 45 _ 106.20
314s 56-46 _112.4
3s 48-46 _ 118.15
3%.. 49-46 _1_108.30
414s 52-47 _117.22
2?is 51-48 _105.24
2s 50-18 _101.16
2s 50-48 Reg._101.14
2%s 53-49 _103.14
2%s 54-51 _104.28
3s 55-51 _108.6
214s 53-51 _101.15
2Vss 60-55 _105.7
2vis 59-56 _103.30
2%s 65-60 _103.26
Federal Farm Mtg.
2vis 47-42 _103.9
314s 64-44 _ 105-30
Home Owners Loan
3s 52-44 __ 105.6
DOMESTIC
AT and SF 4s 95_10114
Can Pac 4s Perp_ 41
C and O 4%s 92 . 119%
Chi E 111 5s 51 .. 10%
Chi Gt West 4s 59 _ 20%
Cri and P Rfg 4s 34_ 4
Clev TTn Term 5%s 72_ 73
Clev Un Term 4%s 77C_ 57
D and R G West 5s 55_ 1%
Erie Rf 5s 67 _ 9%
Fla East Cst 5s 74 _ 6
Hud Coal 5s 62A_I 24%
Hud and Man Rfg 5s 57_ 39
Int Gt N Adj 6s 52_ 1
Int Mer Mar 6s 41 _ 54%
Lou and N 4%s 2003 _ 85%
M K and T Adj 5s 67_ 3%
Mo Pac Gen 4s 75 _ 1%
NYC Rf 5s 2013_ 4%
Norf and W 4s 96 _119%
Nor Pac 6s 2047 _ 46
Penn RR Gen 4%s 65_ 95%
Phil Read C and I Cv 6s 49 _ 2%
Purity Bak 5s 48_100%
Seab A L Cn 6s 45_ 3%
So Pac Rfg 4s 55 _ 54%
So Ry Cn 5s 94 _ 85%
So Ry Gen 4s 56 _ 44%
Third Ave 4s 60 _ 45%
West Md 4s 52 _ 74
FOREIGN
Australia 5s 55_ 45%
Australia 4%s 56 _ 39%
Brazil 6%s 26-57 _ 10
French 7s 49 _105%
Ger Govt 7s 49_ 18%
Italy 7s 51_ 42
Japan 6%s 54 _ 78%
Orient Dev 5%s 58 _ 51
CHICAGO LIVESTOCK
CHICAGO, May 23 —UP)— Hogs
sold unevenly 5 to 15 cents higher
today, topping at $5.85. Fed lambs
and springers were steady, but
most classes of cattle were weak to
a shade lower in a slow trade bur
dened by increased receipts.
Choice 1,236-pound steers topped at
$11.15 and best heifers at $10.
Hog receipts in the open market
were 2,000 less than advance esti
mates, totaling 9,000, while salable
cattle receipts of 6,000 were 1,000
more than expected.
Best clipped lambs sold at $9.60
and California springers at $11.50.
(U. S. Dept. Agr.)-Salable hogs
9,000; total 12,000; even; opened
10 to 15 higher than Wednesday’s
average; later trade largely 5 to 10
lower than early; but fairly active;
bulk good and choice 180 to 270
lbs. 5.45-75; few loads 5.80; ex
treme top 5.85; 270 to 300 lbs. aver
ages 5.25-55; heavier butchers 5.00
to 35; good 400 to 550 lbs. packing
sows 4.25 to 60; lighter weights
4.75 to 5.00; shippers 1,500; esti
mated holdover 1,000.
Salable cattle 6,000; salable
calves 1,000; fed steers and year
lings unevenly steady to 25 lower;
opened slow, steady to weak;
closed weak to 25 lower mostly 10
to 15 off; with good and choice
showing most decline; all grades
under pressure on late rounds how
ever; mostly 9.00 to 50; steer trade
with top around 11.15; several
loads 10.75 to 11.00; 1,333 lbs. west
ern fed steers 10.90; corn belt fed
1.392 lbs. averages 11.00; best long
yearlings 10.60; very little to kill
er? under 8.75; yearlings scarce;
good and choice heifers yearlings
10 to 15 lower; others steady to
weak; cows steady to weak sup
ported by acute scarcity; bulls
barely steady at 7.00 down on saus
age offerings; vealers 25 lower at
10.50 to 11.50; outside price being
practical top.
Salable sheep 3,000 total 10,500;
fed lambs and springers fairly ac
tive around steady; best handy
weight fed clippers 9.60; bulk 9.25
to 50; medium to good kinds 8.50 to
9.00; throwouts mostly 7.50 to 8.00;
small lots native springers 12.00;
four and one-half doubles 82 lbs.
California 11.50; fat sheep scarce,
weak; bulk native ewes 3.00 to 50.
PASSAGE OF WEED
ACT CHANGES SEEN
Early Senate Approval Of
House Adopted Amend
ments Is Expected
WASHINGTON, May 23 — (£)—
Early senate approval was seen to
day for house adopted amend
ments to the tobacco marketing
quota act to authorize a three-year
control program.
Attaches of the senate agricul
ture committee, where the propos
als are now under study, said no
objections had been received and
the amendments probably would
be voted out within a few days.
Without objection, the house
passed the amendments last Mon
day.
There are six amendments to
the quota law, strengthening en
forcement features and tightening
control as well as providing for
farmer elections on a three-year
program.
The present law limits a quota
program to a single year.
Tobacco growers, in mass meet
ings here and in the growing
states, already have signified their
approval of the changes.
Speedy approval is being sought
in congress in order that a farmer
referendum on a control program
for 1941, 1942 and 1943 may be held
in July. Farmers voted last year
to impose the sales quotas for this
season.
MIDDLING COTTON
NEW ORLEANS, May 23—(A>)—
The average price of middling
15-16ths-inch cotton today at ten
designated southern spot markets
was 8 points higher at 9.82 cents a
pound; average for the past thirty
market days 10.27 cents; middling
7-8ths-inch average 9.64 cents a
pound.
BALTIMORE POTATOES
BALTIMORE, May 23.—(JW)—Po
tatoes unchanged.
COLUMBUS COUNTY
WPA SUPPER HELD
Approximately 80 Workers
And Friends Attend Event
In Chadbourn
CHADBOURN, May 23.—The WPA
professional and service projects of
Jolumbus county held a supper at
:he school cafeteria here Tuesday
light and about SO workers and
iriends of the WPA were present.
Bill Schulken, of Whiteville, was
;oastmaster.
R. A. Hodges and Mrs. Bessie
Brown directed the music, featur
ng group singing and a chorus by
i group of high school girls and a
steel saw performance by a represen
:ative of the Acme Saw Manufacture
ng company.
Speakers included: Hodges and
Mrs. Brown on the sewing and music
projects; Mrs. Jesse Stevens on the
library projects and Mrs. Ruby
Kellihan on gardening, lunchroom,
panning and matron services.
Short talks were also made by Dr.
Floyd Johnson, Homer Avant, coun
ty commissioner ,and J. H. Land, for
mer chairman of the board of educa
tion. All endorsed the work of the
WPA and listed many of its achieve
ments.
H. D. Browning, county schools
superintendent, closed the program
with a talk on what the WPA has
done and is doing for the schools of
the county.
Refugees Are Believed
To Total 5,000,000
GENEVA, Switzerland, May 23—
tJP>— Red Cross officials tonight said
civilian refugees in France and un
occupied regions of Belgium prob
ably numbered close to 5,000,000.
Count de Rouge, French secretary
general of the league of Red Cross
societies, before leaving for Paris
tonight, said France’s refugee prob
lem was "more critical than at any
time in the last World war.” The
civil population of Belgium is on
the march, he declared, but tens of
thousands of them were caught in
the war area.
CHICAGO POTATOES
CHICAGO, May 23—(®— (U. S.
Dept. Agr.)-Potatoes 74 on track
144 total US shipments 814; new
tock, slightly stronger, supplies
light demand moderate; sacked
per cwt. California long white US
No. 1, washed under initial ice 2.35
to 40; US commercials 2.20; bliss
triumph Alabama US No. 1, wash
ed 2.30 to 45 mostly 2.40 to 45; car
fine quality 2.55; unwashed few
sales 2.25 o 32 1-2; US No. 1, size
B, washed 1.50 to 70 mostly 1.70;
unwashed 1.35; Louisiana US No.
1, few sales washed 2.45 unwashed
2.30. Old stock Idaho russets firm,
supplies light demand moderate;
Idaho russets US No. 1, 2.35 to 45.
NEW YORK POTATOES
NEW YORK, May 23—W—Pota
toes firm. No. 1, 100-lb sack, Maine,
Green Mountain, "A” size 2.00-2.15;
Katahdin and Chippewa, 2-inch 2.15
25. Florida, bu bskt, or tub, No. 1,
Red Bliss 1.30-40; Chippewa 1.40-50;
Katahdin, washed 1.45-60, fancy
1.65-75, unwashed 1.30-40.
CHARLOTTE COTTON
CHARLOTTE, May 23—IA>>—Spot
cotton 9.82.
Friendly Acquisition Of
British Isles Proposed
By Adm. V/. D. Leahy
WASHINGTON, May 23. — CTi —
Admiral William D. Leahy, govern
nor of Puerto Rico, ^id in an inter
view today that friendly acquisition
by the United States of Bermuda,
Trinidad, and Jamaica from Great
Britain ■would bolster North and
South American defense "come- what
may in Europe.”
The admiral, former chief of naval
operations, will be president Roose
velt’s luncheon guest at the Whit*
House tomorrow. He has been gov
ernor of Puerto Rico since the
United States untertook to make the
island a formidable defense outpost
in the Caribbean.
Negotiations for the acquisition of
the three islands, he said, could
settle Britain's war debt and allow
considerable credit to that country
for additional war supplies if the
present financial strain on the em
pire should become too severe.
For the first time in 300 years,
the state of Connecticut awarded
vetinarians’ licenses to two women
who passed the examinations. They
were Dr. Rikke von Decken-Luers
of Westport, and Dr. Elizabeth N.
Peck of River Edge, N. J.
-—1—
100 PROOF
Ntfionil Distillers Prod.CorpMN.Y.
See the Greatest Advance in Home Refrigeration in 25 Years!
FRIGIDAIRE
"Cold-Wall"
Now At New Low Prices!
. . * and you don’t have to cover food!
SEE IT AT OUR STORE and you’ll'agree—the
Frigidaire “Cold-Wall” is a great new discovery
that brings a new measure of protection to the
flavor, freshness, color, wholesomeness... even the
vitamin content... of food! Prevents transfer of
objectionable food odors and flavors. You don’t
even have to cover food. See this new miracle of
food-keeping—now at new low prices!
Sutton-Council Furniture Co.
310 North Front St- eet Phone 1070
" ■ 1
*

xml | txt