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The Wilmington morning star. (Wilmington, N.C.) 1909-1990, June 04, 1940, Image 7

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

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn78002169/1940-06-04/ed-1/seq-7/

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mart sees bearish implications in war news
"fr- __
_—_ — - _ II ~~ " ____X- ^ —
LEADERS KtlKLAl
IN SLOW SESSION
Associated Press Average Of
go Issues Off .4 Of A
Point At 38.1
y FREDERICK GARDNER
vE\V YORK, June 3 —UP>—Bear
• h implications were seen in the
Vnews today and stock market
leaders retreated 1 to around 3
P The’list did fairly well at the
' v.-itu steels, coppers and
-neci'alties favored, but a lower
Zft soon got under way and quot
f ions were at or near the lows of
the day at the close.
. was the slowest full session
. e Feb. 26, only 445.705 shares
hanging hands compared with 526,
-60 last Friday. The first hour’s
turnover of 70.000 shares was the
smallest for this period since last
iast May. The Associated Press av
enge of 60 issues was off .4 of a
point at 38.1.
Bombing of Paris by the Nazis
seemed to chili buying ardor more
then anything else, although con
tinued fears of Italy entering the
conflict on the side of Germany
helped keep many traders in neu
tral territory.
Lack of any real pressure oi
offerings, though, was comforting
to those bullishly inclined. Remain
ing also as a sustaining influence
wa- the belief of some market
analysts that a brisk upswing in
industry would come when the ad
ministration's huge defense spend
ing gets under way.
Steels led the afternoon drift not
withstandng the officially estimat
ed increase in this week’s mill
operations of 3.4 points at 80.3
per cent of capacity, highest level
nnce the latter part of January.
There was talk of production
reaching 90 per cent before long.
Coppers held well for a while as
expanding domestic and foreign
sales of the red metal were re
ported. Lagging new car distribut
ion and strke threats at General
Motors plants handicapped the
automotive group.
Conspicuous share losers includ
ed U. S. steel, Bethlehem, Douglas
aircraft. Lockheed, Consolidated
Aircraft. Sears Roebuck, Montgom
ery Ward, Dow Chemical, Du Pont,
Westinghouse. Philip Morris, Inter
national paper Preferred, Anacon
da and Phelps Dodge.
Pennsylvania and Baltimore &
Ohip were up a shade and other
rails were narrow. Clinging to mo
dest advances were American Can,
Freeport Sulphur, American smelt
ing and North American.
Lower in the curb were American
Cyanamid “B.” Electric Bond
Share, Lake Shore and Creole Pet
roleum. Improved were Heyden
Chemical, Minnesota Mining Sc Mfg.
and Cities Se-vice. Volume here
was about 76,000 shares against
10,000 Friday,
9__
NEW YORK SUGAR
NEW YORK, June 3.—LPl—Su
gar futures moved Irregularly in
thin trade today.
War reports blanketed the mar
ket in uncertainty and few trad
ers were willing to operate ag
gressively.
The world list ended 1-2 point
loner to 1 higher on sales of 2,300
tons; Jlv 1.25 l-2b, Sep 1.21b. Sell
ing came from trade and Cuban
sources.
Domestic futures closed 3 points
,0'ver to 1 higher on sales of 1.850
tons. Support came through lazily,
checked by lack of leadership from
■he raw market.
Only raw sale reported was 1,930
tons of Philippines due June 10 at
- is cents a pound. Duty-paid Cu
*at and Puerto Ricans were gen
ially held at 2.80 cents,
heek-end reports indicated
■ance has taken about 5 cargoes
t American and Cuban refined
!l?ar iri the past two weeks. Re
‘ exports to France were esti
™ated at about 25.000 tons, of
■ch lo.OOO were previously re
ported.
Defined remained at 4.50 cents
pound in eastern territory.
Ao- 3 range follows:
| ,, High Low Close
Sen .. 1.84 1.84b
j' .. 1.89 1.90b
Jkh .—1-86 1.83 1.86b
jla‘. ..1-88 1.88 1.89b
‘ R *.. 1.91 1.94b
h—bid.
! NE\vvoiN XHE SPOTLIGHT
'JosiV m-i°RK’ June 3-—Sales,
fifteen and net change of the
ui ,most active stocks today:
Afeshany 21'3°0_%; di.16.
Steel 9,300-45%: dl%.
Radio. 7.600-4%; d%.
keinecott, 7,500-26%; d%.
C.c-nh «-9°0—68; d2%.
tnaoS°rS' 6.400—39% ; d%.
Pen* ndn- 6-100-20%; dl.
hu"" RRV 6-100-17%; a%.
Cv?n?ht’ 5,800—8% ; d%.
SS. Vac, 5,400—77s ; no.
fli0i!,N J- 5.100—29-4; d%.
I PUbhc Stl, 4,900—15%; d%.
GilletiV™ P- 4,700—11% ; dT4.
tte 4.600—I'ddpry^b.
XE1V nn?RLRANS POTTOX
fotton 5?LKANS- -Tune 3. — GPi —
sieadv 4 f-"£es f'0Ring prioes were
n - points net lower.
July *-fln Phsh Low Close
Oct' " 9.46 9.40 9.41 off fi
her- £ .6- 3-66 8.60 8.60 off 7
•lan *' *-5« 8.50 8.53 off 4
-Mel, - *'45B--- 8.41B
Alav " o *l S-34 8.24 8.33B
R-Bi'd. *"6 S'26 8.26 8.20B
stores m June 3—(if)—Naval
servance *„» e} £losed today, in ob
,jenerson Davis* birth
1
Closing Stock Quotations
(By the Associated Press)
Adams Exp_ 4 3.4
Air Reduct_ 33
Alaska Jun__ 4 3.4
A1 Chem and Dye__142
Alleghany_ j.2
Allis Chal Mfg_III” 24
Am Can_ 92
Am Car Fdy __ 21 1-2
Am Coml Alco_ 4 3.4
Am For Pow_ 4 j.g
Am Rad and St S_ 5 i.g
Am Roll Mill__ 4q 7 3
Am Smelt and Ref_35 3.4
Am Sug Ref__
A T and T- 5_g
Am Tob B_73
Anaconda_20 1-4
Arm 111_ 4
ACL - 10 5.8
Atl Ref- 7_g
Aviat Corp__ 5 4.4
Baldwin_ 4.4
B and O __ 3 1.4
Barnsdall _ 3 4.4
Bendix Aviat _ 26 3-4
Beth Stl_68
Boeing Airpl __ 45
Borden _ 17 7.3
Borg Warner -_ 15 4.4
Briggs Mfg_ 15
Budd Mfg _ 3 3-8
Budd Wheel __ 3 7.8
Burl Mills _ 13 7.8
Bur Add Mach _ 7 5-8
Calumet and Hec_ 5 1-2
>-an ury-_-_-13 3.4
Can Pac_ 2 3-4
C .nnon Mills ..._30
Case J I_44
Caterpil Trac _45 1-4
Ches and O _32 1-4
CChrysler _57 1-4
Colum G and E_ 4 5-8
Coml Credit_ 29 5-8
Coml Solv _ 8 5-8
Cormvlth and Sou_ 7-8
Consol Edis__._24 1-8
Con Oil _ 6 1-8
Cont Can _35
Com Prod _45 1-2
Curtiss Wright _._8
Curtiss Wright A____24 1-2
Davison Chem _ 4 1-4
Del Lack and W__ 2 3-4
Doug Aire _ 74 3-4
Dow Chem_137 3-4
DuPont_154 1-8
Eastman Kod ...._ 127 1-2
Elec Auto Lt_...._... 27 1-4
Elec Pow and Lt_____ 3 1-2
Firestone_...._14
Freeport Sul __ 27 3-4
Gen Elec _29 1-8
Gen Foods _39
Gen Mot __—_- 39 7-8
Gillette __..._ 4
Glidden _11 1-2
Goodrich ________... 10 7-8
Goodyear__ 14 1-4
Graham Paige___ 11-16
Gt Nor Ry Pf_—_18 3-8
Hud Mot _ 3 3-4
Hupp Mot __ 5-8
111 Cent_ 6 5-8
Int Harvest __.... 40 3-4
Int Nick Can _20 1-8
Int Tel and Tel_ 2 1-2
Johns Man_ 49
Kennecott _.... ..._26 1-4
Kroger Groc __ 26 1-8
Libby OFGI _ 32 3-4
Ligg and Myers B_91
Loews __ 22
Lorilard_ 19
Louis and Nash ___ 40 7-8
Nat Truck_ 18 3.4
McCrory Stores_11 3.4
Mont Ward _ 33 5.3
Nash Kelv _ 4
Nat Bisc _17 3.4
Nat Cash Reg _10 1-8
Nat Dairy Prod_12 3-8
Nat Dist_18 1.4
Nat Lead _ 15 1.3
Nat Pow and Lt_ 6
N Y Cent- 9 7.8
No Am Aviat _17
North Am_ 16
Nor Pac_ 5
Ohio Oil_ 5 7-8
Otis Elev -11 7-8
Pac G and E _26 1-2
Packard_ 2 3.4
Param Pix_ 4 5.8
Penney J C- 73 1-2
Penn Dixie _ 2
Penn R R _17 1-4
Phillips Pet _28 1-2
Pilt Scr & B _ 5 1-4
Pub Svc N J_33 1-2
Pullman _18
Pure Oil _ 7 1-2
Radio _ 4 3-8
Rad K O _ 5-8
Rem Rand_ 6 7-S
Rep Steel _15 1-4
Reynolds B_32 1-4
ocaio ____• u o ±~ -
Shell Union . 8 1-8
Socony Vac _ 7 7-8
Sou Pae _ 7 1-4
Sou Ry . 9 3-S
Sperry _ 38 3-8
Std Brands_ 5 1-2
Std Oil Cal.. 18
Std Oil Ind_21
Std Oil N J_ 29 7-8
Stewart Warner ,._ 5 7-8
Studebaker -_ 6 1-4
Swnft __18 1-8
Tex Corp _ 34 3-8
Tex Gulf Prod _ 2 5-8
Tex Gulf Sul —.- 28 1-2
Timken Det Ax _21
Transamer _ 4 3-8
Trans & West Air_13 5-8
Un Carb___- 61 1-2
Un Pae _ 75 3-4
Unit Aire _42
Unit Corp _ 1 1-2
Unit Drug _ 4 1-8
Unit Fruit _64
Unit Gas Imp_10 1-2
US Ind Alco_15 5-8
US Pipe __- 23 1-2
US Rub . 16 3-4
US Steel _45 1-8
Vanadium_ 28 3-4
Warner Pic __ 2 1-8
West Mary _ 3
Western Union_15
West Elec and Mfg __34
Wilson_ 4
Wool worth_30 1-8
Yell T and C .-.- 11 1-4
Youngs S and T_ 29 3-4
Total sales, 445,705.
CURB
Can Marconi _ 5-8
Cities Service _ 4 7-8
El Bond and Share_ 4
Gulf Oil _26
NEW YORK COTTON
NEW YORK, June 3 —(iR)—Cotton
futures declined 2 to 9 points today
in a market unsettled by gloomy
outlook for export prospects of the
new crop.
New low prices for the year at
Bombay focussed attention on the
fact foreign cotton is currently sel
ling well below the U. S. staple
and underscored the possibility for
eign use of domestic cotton might
be severely limited.
October led the decline for a time
under pressure of hedging sales
believed to be against Brazilian
growths. Such operations have in
creased lately since price restrict
ions were inaugurated in the Liver
pool cotton market.
Routine buying by the trade and
covering supplied the chief sup
port. Government loan considerat
ions braked any broad-scale sell
ing.
A further drag on the market
was prolonged inactivity in Worth
street textile markets. Activity con
sisted mainly of price checking
and small fill-in purchases. Ru
mors of further mill curtailment
in the South continued to disturb
operators.
Exports Saturday 9,098 bales;
season so far 6,129,185. Port re
ceipts 6.163. Port stocks 2,566,512.
Range follows: 2
New:
Open High Low Close
July 9.58 9.58 9.50 9.50 off 9
Oct _ 8.57 8.62 8.56 8.58 off 6
Dec „ 8.51 8.54 8.48 8.50 off 4
Mch __ 8.30 8.36 8.30 8.32 off 2
May .. 8.16 8.17 8.15 8.17 off 5
Old:
July „ 9.31 9.37 9.29 9.29 off 9
Spot nominal; middling (%-inch)
10.12.
N. Y. COTTONSEED OIL
NEW YORK, June 3—(if)—Cotton
seed oil futures closed unchanged
to 1 point higher today in the
smallest full day’s trade in more
than two months. Only 25 contracts
changed hands.
July closed 5.98b, Sept. 6.02B,
Jan. 6.11b. B-bid).
Crude oil was quoted nominally
at 5 to 5 1-8 cents a pound in the
southeast and valley and 4 3-4 to
4 7-8 in Texas. ,
--—- 1
N. O. COTTONSEED OIL
NEW ORLEANS, June 3——
Cottonseed oil closed steady.
Bleachable prime summer yellow
5.80 nom; prime crude nom. July
5.48b, Sep. 5.51b, Oct. 5.54b, Dec.
5.62b. 1
PEANUTS
SUFFOLK, Va., June 3—(4*)—Pea
nut quotations: jumbos 3.90 to 4.10;
bunch 3 1-2 to 3.65; runners 3 3-8
to 3 1-2. Market steady, 1
CHICAGO POTATOES
CHICAGO, June 3—MV-U. S.
Dept. Agr.)—Potatoes 203, on track
408, total U. S. shipments Satur
day 791, Sunday 96; new stock sup
plies rather heavy, demand fair,
slightly weaker; California long
whites washed sales U. S. 1 under
initial ice 2.50; under ventilation
2.45 to 55; U. S. commercial under
ventilation 2.40; Mississippi bliss
triumphs unwashed one car mixed
U. S. 1, 2.45; U. S. 1 size B 1.45;
Alabama bliss triumphs cotton and
burlap sacks U. S. 1 washed 2.40
to 60; U. S. 1 unwashed 2.35 to 50;
mostly around 2.40; U. S. 1 size B
washed 1.50; U. S. 1 size B un
washed 1.35; Louisiana bliss tri
umphs unwashed one car mixed
U. S. commercial and U. S. 1 size
B, U. S. commercial 2.25; U. S. 1
size B 1.35: long whites U. S. 1
washed one car 50 lb. sacks heav
ies and small size 2.25 cwt; old
stock supplies light; Idaho russets
demand fair, market firm; Idaho
russet burbanks U. S. 1 few sales
2.65 to 70; car of large size 2.80;
northern stock no sales report
ed. 1
BUTTER AND EGGS
CHICAGO, June 3—(#)—Butter 1,
131,633; steady, 93 score 26 1-2, 92
score 26, 91 score 25 1-4, 90 score
25 1-4, 89 score 24, 88 score 23 1-2,
90 centralized car lots 25 1-2; eggs,
34,416, steady, fresh graded, extra
first, local 15 3-4, cars 16, firsts, lo
cal 15 1-2, cars 15 3-4, current re
ceipts 13 1-2, dirties 12 1-4, checks
12 1-4; storage packed extras 16 3-4,
first 16 1-2.
FOREIGN ISSUES’
TREND IRREGULAR
Bob Up And Down Nervously
In Light Dealings As Ger
mans Bomb Paris
NEW YORK, June 3—UP)—Dollar
jonds of wide-scattered foreign na
;ions bobbed up and down nervous
ly in light dealings in the New
York stock exchange today as Ger
man bombs fell on Paris.
Up 3 3-4 at 79 3-4 were Great
Consolidated Electric Power of Ja
pan 7s of ’44, and fractions ahead
were Japanese government 6 l-2s
at 77 1-2 and 5 l-2s at 61 1-4.
Norway 6s of ’44 were 2 higher
at 38 and the 4s of ’63 up 1 1-4 at
26 3-4. Gaining 2 1-2 at 10 were
Serbs, Croats and Slovene 8s of
’62. and Belgian 6 l-2s of ’49 added
1 3-4 at 45 1-.
But while some foreign issues
advanced, others retreated. New
South Wales 5s of ’58 on sale of
one bond at 35 lost 5. Fractions
to 1 or more lower were German,
Danish and some Italian loans.
United States governments were
7-32 point lower to 2-32 higher.
Fractions to 1 or more advanced
were Anaconda Copper 4 l-2s at
102 3-4, Firestone Tire 3 l-2s at
104. Goodrich 4 l-4s at 101 1-8, In
ternational Paper 5s of ’47, Inter
national Hydro Electric 6s at 41 1-2
and Pennsylvania General 4 1-2’s
of '65 at 95.
About as much lower were In
ternational Telephone 5s at 6 1-2,
Santa Fe 4s of ’95 at 101 1-2, Al
leghany 5s of ’49 at 59 1-2 and Del
aware Hudson refunding 4s at
10.
Transactions totaled $3,579,000
face value, the smallest since Au
gust 31, compared with $4,329,600
Friday. 1
BALTIMORE POTATOES
BALTIMORE. June 3—W—Pota
toes— (old)—dull. Rail; Maine 100
ib. sack mountains U. S. Is best
2.50 to 60, few higher; poorer2.00
to 2.25; 100 lb. sacks Katahdins
U. S. Is 2.60 to 75. (New)—slightly
weaker. Truck: S. C. 100 lb. sacks
cobblers U. S. Is 2.25 to 40; Ga.
bliss triumphs U. S. Is 2.25 to 40,
few higher; bu. baskets cobblers
U. S. Is 1.40 to 50, few higher;
N. C. 100 lb. sacks cobblers U. S.
Is 2.10 to 40. Rail: Fla. 100 lb.
sacks Katahdins U. S. Is washed
2.40 to 2.60: S. C. 100 lb. sacks
cobblers U. S. Is 2.40 to 50. Bliss
triumphs U. S. Is 2.25 to 2.40.
Sweet potatoes—dull. N. C. bu.
baskets Puerto Ricans and Nancy
Halls U. S. Is 1.10 to 1.25, un
graded 75 to 90. Eastern shore
Md. bu. baskets goldens U. S. Is
1.50 to 1.60, few higher; ungraded
1.00 to 1.25; Nancy Halls U. S.
Is 1.00 to 1.15. ungraded 75 to 80;
white yams U. S. Is 85 to 1.00,
ungraded 60 to 75. 1
RICHMOND LIVESTOCK
RICHMOND, Va„ June 3—UP—
(USDA)—Hogs: Good and choice
18-225 lbs. 5.30 to 5.50 the top;
100 to 120 lbs. 3.50 to 4.00; 120 to
140 lbs. 4 to 4.75; 140 to 160 lbs.
4.75 to 5.05; 160 to 180 lbs. 5.05 to
5.30; 225 to 250 lbs. 4.80 to 5.30;
250 to 300 lbs. 4.60 to 5.10; over
300 lbs. 4.45 to 4.95. Sows under
350 lbs. 3.75 to 4.25; over 350 lbs.
3.25 to 3.75.
Cattle: good steers 9.50 to 10.00;
mediums around 8.50 to 9.00 com
mon 6.50 to 7.50. Market dull on
cows. Medium grade dairy type
around 4.50 to 5.50; canners and
cutters largely 3.50 to 4.50. Good
beef type 5.50 to 6.50. Bulls about
steady; medium grass fat bulls,
mostly 5.50 to 6.50. Vealers steady
practical top 10. 1
CASH GRAIN
CHICAGO, June 3—(J>)—Cash
wheat no sales.
Corn No. 1 yellow 65 1-4 to 67;
No. 2. 65 1-4 to 66 3-4; No. 1 white
76 3-4.
Oats No. 3 mixed 34 3-4; sample
grade mixed 33 1-4; No. 2 white
36 1-2 to 37; No. 3, 36 to 36 1-2.
Barley malting 55 to 66 nom;
feed 40 to 50 nom.
Soy beans No. 2 yellow 84 1-2. 1
DRY GOODS
NEW YORK. June 3CAP)—Dry
goods c:otton goods—mills report
only limited inquiry from convert
ers and printers, further reports
of curtailment in some print cloth
mills; rayon — fabrics dealings
slacken, notably in dress goods and
box looms sections; silk—demand
negligible; woolen goods — buyers
limit requirements to actual needs,
retail sales improve. 1
Closing Bond Quotations
(By the Associated Press)
GOVERNMENT BONDS
Treasury
39ss 43-40 June_-_100.15
3%s 43-41 Mch._102.27
3Us 45-43 _107.17
3',4s 46-44 ___ 108.3
4s 54-44 _ 111.23
2 94s 47-45 _106.21
294s 47-45 Beg._106.20
3s 48-46 _108.6
3Vss 49-46 _108.23
294s 51-48 __ 105.27
2 94s 54-51 _ 104.24
3s 55-51 _ 107.21
2Us 60-55 _ 104.30
2 94 s 63-58 _ 103.20
2 94s 65-60 _ 103.20
Federal Farm Mtg.
3s 47-42 _103.28
Home Owners Loan
3s 52-44 _ 105.6
LEAD BONDS _
DOMESTIC
AT and SF 4s 95_101%
Bkn Un El 1st 5s 50_107%
Can Pac 4s Pern _ 42
C and O 4%s 9? . 118%
Chi Gt. West 4s 59 _ 22
Cri and P Bfg 4s 34 ... 4%
Clev Un Term 5%s 72_ 80*4
1
Clev Un Term 4%s 77C_ 65%
D and R G West 5s 55_ 1 %
Erie Rf 5s 67 _ 9
Fla East Cst 5s'74_ 5 Vs
Hud Coal 5s 62A _ 26
Hud and Man Rfg 5s 57_ 39%
Int Gt N Adj 6s 52_ 1
Int Mer Mar 6s 41 _ 53%
L and N 4%s 2003 _ 84
NYC Rf 5s 2013 .. 46%
Nor Pac 6s 2047 _ 47%
Penn RR Gen 4%s 65_ 95
Purity Bak 5s 48 _ 100%
S A L Cn 6s 45_ 3%
So Pac Rfg 4 s 55 _ 54%
So Ry Cn 5s 94_ 85
So Ry Gen 4s 56_ 46
Third Ave 4s 60_ 47
West Md 4s 52 _ 74%
FOREIGN
Australia 5s 55 _ 41%
Australia 4%s 56_ 37%
Belgium 7s 55_ 40
Brazil 6%s 26-57 _ 9%
Ger Govt 7s 49_ 19
Italy 7s 51_ 40%
Japan 6%s 54_ 77
Orient Dev 5%s 58_1— 51
Rio Gr Do Sul 6s 68_-6
CHICAGO GRAIN
CHICAGO, June 3—t#)—Corn
showed the only strength in the
grain market today, scoring gains
of more than a cent while wheat
and other grains were lower most
of the session. Wheat rallied, how
ever, and closed near Saturday’s
level.
Higher corn futures were due to
buying attributed to industries and
elevators. Commercial demand has
been good because of restricted
supplies as a result of the loan
program.' Reports that export sub
sidy shipments are proceeding,
that the Red Cross is being pro
vided with meal for European re
lief work and that the government
is in the market for grits also
stimulated demand. Much replant
ing is necessary in central and
northern Illinois, crop experts said
because of worm damage.
Lower securities prices and ex
pectations that the private crop
reports tomorrow will show a ma
terial mprvement in the domes
tic wheat harvest prospect helped
to depress wheat. Prices were off
5-8 to 1 cent at one time but later
strengthened with corn and closed
18 lower to 3-8 higher, compared
with Saturday. July 82 1-8 to 82,
September 82 1-2 to 1-4. Corn fin
ished 1 to 1 1-2 cents higher, July
62 3-4, September 62 to 61 7-8. Oats
were unchanged to 1-8 off. rye 1-4
to 1-2 down and lard unchanged
to 3 higher.
rraae attention is oeing airectea
toward steps taken to send food
supplies to Europe for relief of
refugees. Whether this work will
be enlarged to World War propor
tions cannot be determined but the
fact that the Red Cross has an ar
rangement with the department of
agriculture whereby it can obtain
surplus foods at about half market
prices was interpreted as an in
dication of the trend. Plans al
ready have been perfected for the
purchase of wheat flour, corn
meal, lard and some other com
modities.
Open High Low Close
WHEAT:
J..lv . 82 82% 81 ’4 82
Sept _ 82 82% 81% 82%
Dec _82% 83% 82 82%
CORN:
July _62 62% 61% 62%
Sept _ 61 61% 61 61%
Dec ..58% 59% 58% 59%
OATS:
July ..33% - - 33%
Sept _31% 31% 31 Vs 31%
Dec __ —- - -
SOY BEANS:
July _ 89%
Oct _ _ _ "7
Dec _ 78%
RYE:
July _ 45 45 44% 44%
Sept _46% 46% 46% -
Dec _48% 48% 48% 48%
LARD:
July _ 5.15 5.17 5.15 5.15
Sept _ 5.35 5.37 5.32 5.35
Oct _ 5.42 5.47 5.42 5.45
Dec _ 5.60 . 5.60
BELLIES:
July _ 5.75 5.77 5.75 5.77
Sept __ _ _ 8-80
BALTIMORE HOGS
BALTIMORE, June 3—(A»)—U.
S. Dept. Agr.)—Hogs—1,250. 10
lower; practical top 5.90. Good and
choice 170 to 210 lbs. 5.65 to 90;
220 to 240 lbs. 5.40 to 60; 250 to 300
lbs. 4.90 to 5.45; 150 to 160 lbs.
5.25 to 50; 140 to 150 lbs. 4.90 to
5.15; 130 to 140 lbs. 4.65 to 90:
120 to 130 lbs. 4.50 to 75. Packing
sows 3.80 to 4.30. 1
SPOT COTTON
NEW ORLEANS, June 3—(A>)—
Spot cotton closed quiet 4 points
lower. Sales 42.
Low middling 9.11; middling
10.11; middling 10.56; receipts
1,628; stock 628,133.
CHICAGO LIVESTOCK
CHICAGO, June 3—UP)—Ample
supplies turned livestock prices
downward today.
Fed steers and yearlings moved
slowly in a 15 to 5-cent lower
trade with best steers topping at
$11.10.
Hogs opened 15 to 20 cents lower,
later regained a part of the down
turn, and closed 5 to 15 cents oil.
The top. paid early, was $5.50.
Wholesale pork loin prices ruled
unchanged at $14.50.
Fed and spring lambs were slow
and mostly 5 cents lower. The
$3 25 to $9. Spring lambs sold at
$8.5 to $29. Spring lambs sold at
$11.50 down, off 50 cents from last
week.
(U. S. Dept. Agr.iSalable hogs
17,000; total 26.000; opened 15-21
lower than Friday’s average; later
trade and bulk sales 10-15 lower;
some sales 250 lbs. and up only
5-10 off; bulk good and choice 180
to 270 lbs. 5.20 to 45: top 5.50; 270
to 350 lbs. 4.90 to 5.25; sows 10 to
15 lower; good 400 to 550 lb.
weights 4.00 to 35; lighter weights
to 4.50 to 4.60. Shippers took 2,500
estimated held oyer 1,000.
Salable cattle 16,000; salable
calves 2.000; fed steers and year
lings 15 to 5 lower; strictly good
and choice medium weight and
weighty steers fully 25 down de
spite liberal water fill; slow clos
ing trade; the better the cattle
with weight the more the down
turn, instances 25 lower, however,
on good to choice yearlings; com
mon and medium grade steers
v/eak to 25, mostly 10 to 15 off;
lion’s share declined falling on cat
tle selling at 9.75 upwards; ex
treme top strictly choice steer'
11.10. next highest prices 11.00;
bulk 8.75 to 10.25 best yearlings
10.60; heifers yearlings 10.35; few
above 10.00; cows scarce and fullj
steady; bulls steady to strong;
vealers barely steady at 10.5C
down; few 11.00; top steers and
yearlings steady at 11 down; few
calves 12.00 and better.
Salable sheep 4,000; total 8,500;
lamb trade slow throughout; most
fed and spring offerings 25 to 51
lower; mostly 50 off; bulk handy
weight shorn old crop lambs 8.50
to 9.00; sizeable string 70 lb. na
tive springers 11.50; others 10.5C
with few outs around 9.00 to 9.50;
shorn Californa spring lambs
10.50; ewes scarce, odd head na
tive 2.50 to 3.75.
FOREIGN EXCHANGE
NEW YORK, June 3—(iPI—The
Canadian dollar advanced 1-4 cent
today despite small losses in the
English pound and French franc.
Sterling lost 3-4 of a cent and the
france .00 1-2 of a cent. The Swiss
franc added .02 of a cent.
Business in foreign monies was
severely restricted by war consid
erations but traders pointed out
chief rates displayed considerable
stability in view of the many un
certainties generated by the Euro
pean conflict.
Closing rates follow (Great Brit
ain in dollars; others in cents):
Great Britain, demand 3.19 1-4,
cables 3.20 1-4, 60-day 3.17 3-4, 90
day 3.17. Belgium unquoted, Den
mark unquoted, Finland .200n,
France 1.81 1-, Germany 40.00n.2
(benovolent) 18.00, Greece .6n2,
Hungary 17.70n, Italy 5.05, Neth
erlands unquoted, Norway unquo
ted, Portugal 3.35n, Argentine of
ficial 9.277, free .55, Brazil of
ficial 6.05, free 5.10, Mexico 16.85n.
Japan 32.48, Hongkong 0.0fi.
Shanghai 25.30.
(Rates in spot cables unless oth
erwise indicated.)
N—nominal. 1
BAILEY ADDRESSES
MEREDITH SENIORS
Declares “We Must Live ‘Un
der A Regime Of Duty
And Sacrifice’ ”
RALEIGH, June 3.—<iP>—Declar
ing that "individualism is gone,"
U. S. Senator J. IV. Bailey of
Raleigh said in a commencement
speech at Meredith college today
that while America prepares for
possible war “we must live 'under
a regime of duty and sacrific“'.”
Degrees were conferred on 87
seniors of the Baptist college for
women heie.
J lie nation must convince ail
who rely upon force, that we can
match them unit foi unit and over
match them with a faith in God
besides to which they are strang
er," said Bailey. "We must con
vince them that our republic can
unite and move as one not under
the command of a dictator, but
under the impulse of self-preser
vation and of devotion to our his
toric ideals."
"We do not know what will be
the outcome in Europe." the speak
er said, “but we do know that in
any view of the outcome we must
at once prepare our country’s de
fenses and keep them prepared for
years to come, and that to do so
will require of each the utmost
readiness to sacrifice. It means a
new order of living, new discipline,
new attitude, and new patriotism.
Bailey, who has often criticized
policies of President Roosevelt,
commented: "Many have long been
convinced that we could not hope
to go on much longer after the
manner we have maintained these
last 20 years. Our national scene
has presented the spectacle—im
measurably depressing—of Indi
viduals and groups in unashamed
and unrestrained scramble for ad
vantages of their government and
their fellows, and of public lead
ers who dared not deny any de
mand lest they be thrust out of
office by even more subservient
successors. If the necessities of the
common defense of the fireside of
our fathers and the altars of our
God shall serve to make an end
of this and substitute for it a uni
versal devotion to the common
good, and shall bring on an era in
which the public servant who dares
to serve all and yields to none, who
seeks the right and refuses tc
pander for votes, if we may have
an end of pandering' in politics
Seven Stills Seized
By ATU Agents In May
Seizure of seven stills and arrests
of 12 persons on charges of violat
ing the federal government internal
revenue liquor lavs featured the
May enforcement activities of the
Alcohol Tax Unit investigators of
the U■ S. treasury department here
in Southeastern North Carolina.
ATU agent activities during May
included: seizure of stills lia\ ing a
total capacity of 580 gallons, 123
gallons of non-taxpaid whiskey,
3,550 gallons of mash, and five auto
mobiles, valued at $320.
Enforcement activities were car
ried out in the counties of New
Hanover, Brunswick, Columbus,
Pender,' Duplin, Onslow and Bladen.
ACTION COMPLETED
WASHINGTON, June 3—(J’l—The
house completed congressional ac
tion today on a resolution giving
quick effect to the transfer of the
immigration bureau to the justice
department. The transfer, from
the labor department, was propos
ed by President Roosevelt in or
der to make possible more effec
tive control of aliens. Minor
changes by the senate were agreed
to today by the house. 1
LIVERPOOL COTTON
LIVERPOOL, June 3—CP)— The
cotton futures market again was
inactive today with sellng orders
accumulating. Sellers were at the
restricted prices. Active deliveries
were July 7.25; October 7.11.
EGGS
NEW YORK, June 3—UP)— Eggs
(receipts for 2days) 70,553; weak,
mixed colors: fancy to extra fan
cy 18 to 0; extras 172 1- to 3-4;
storage packed firsts 17 to 17 1-4;
drties No. 1, 14 1-4; average
checks 13 1-4 to 1-.2 1
BUTTER
NEW YORK, June 3—UPi—Butter
receipts 2 days), 2,574.043; steady
creamery: higher than extra 27
to 27 3-4; extra (low score) 26 3-4;
firsts (86 to 91) 25 to 26 1-4; sec
onds (84 to 87) 4 to 24 3-4.
PAVED WITH GOLD
NEWHALL, Calif.—(iPI—A new
highway cutoff north of here 'S
being surfaced partly with gola,
silver and platinum, says D. F.
Strobeck, a prospector. The gravel
used has been traced by him to a
mineralized deposit which he as
says from $1.40 to $15.30 a ton. 2
and a beginning of genuine serv
ice, . . . who will say that it were
not better so?”
HOUSE PAINT, None Finer at Any Price!
^ave Poking house in Wil
mingion. Use Sears MASTER-MIXED.
In 5-gal. lots Slays slubbornly beautiful for years. I 1
FLOOR ENAMEL SPAR VARNISH
Stands hard wear. 1 gallon Extra wear everywhere! With
| covers floor Q R C stands acids, heavy O I 9 Q i
10 x 15 ft.—qt. _foot traffic, qt. ....
Purchases Totaling $10 or More I WINDOW f!I BCC
May Now Be Made on Sears " Un «*<»»»
EASY PAYMENT PLAN! I l ine Quality at Savings! t
BELA LANAN_COURT REPORTER Pounded on Actual Court Kecoras ana rou uan He tne Juage_ ny l. Allen Heme
The
Strange
Case of
"PLEASE
COME
TO MY
FUNERAL"

IN SIX
EPISODES
No. 2
YESTERDAY S EPISODE SHOWED US THE
TRAGIC FIGURE OF A WOMAN, PREPARING
TO JUMP FROM A TALL OFFICE BUILDING
IN LYNN, MASS..' SHE IS STILL THERE,
SWAYING DANGEROUSLY ON A NARROW
LEDGE,WHILE DOWN BELOW...
i jpi iiu LfH^Lii 11 ^ I

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