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The Wilmington morning star. (Wilmington, N.C.) 1909-1990, June 06, 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/sn78002169/1940-06-06/ed-1/seq-9/

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WAR NEWS HITS MARKET AGAIN AND LEADERS DROP
_ *__
steels, motors,
othersretreat
Pre<s Average Of 60 Selected
St0cks Breaks .8 Of
Point To 37.6
. FREDERICK GARDNER
Bfw YORK. June 5-UP>-Stock
^ were battered again today
Prices orrUssions from the German
Wrfepe",e in northern France,
yielding one to four points.
S motors, aircrafts and mis
nnpnus manufacturing' issues
:e hardest hit. Traders frankly
'vel'e afraid the Allies would be
"naWe to withstand Hitler’s newest
;hr“S‘' well- informed source as
P?ted the pessimism of Wall street
a heightened by fears rearma
would result in heavy new
ration on business.
The Associated avcutgc ux
«n selected stocks broke .8 of a
L,to 37.6, a two-year low, under
gone- the previous “resistance
C,.er'e’reached at the end of May.
L, month, the stock exchange
raorted quoted values of listed
stocks declined more than ten bil
linn doilat s.
‘Transactions today totaled 668,
2w shares compared with 409,800
vesterday.
■ Although prices were bad at the
end of the day, they had been
worse previously in the session.
The last hour saw a good deal of
covering by short traders, resulting
|n „ains of one or two points from
thc lows for many issues.
The drop was without reference,
except in isolated cases, to cor
poiaiion news at home. Earnings
reports, buying prospects and
weather all combined to make a
bright short-range outlook for do
mestic industry. It was obvious
that traders were watching only
the fighting in France.
One of the few exceptions was
Standard Oil of N. J. stock, which
vaincd more than two points on
the prediction share earnings
would be around $3 for the first
half of the year. Packard also
was up.
Chief of the losers were U. S.
Steel. Bethlehem( Youngstown,
General Motors. Chrysler, Cater
pillar, Douglas. Boeing, United Air
craft, American Telephone, Amer
ican Smelting. Kennecott, Ameri
can Can. Westinghouse, Dupont,
Allied Chemical, Johns-manville,
Owens-Illinois, American Woolen,
Electric Boat and International
Paper.
In the curb, where 107,000 shares
were exchanged compared with
7,000 yesterday, losers of two or
more points included American
Aluminum, Heyden Chemical,
Humble Oil and Mead Johnson. 2
STOCK AVERAGES
30 15 15 60
Indus Rails Util Stks
N't; change _ dl-2 d.5 d.5 d.8
Wednesday .. x53.3 13.4 x30.9 x37.6
Prev. day_ 54.5 13.9 31.4 38.4
Month ago — 71.2 18.6 38.9 49.8
Vear ago .... 68-1 18.7 37.8 48.0
1340 high ... 74.2 20.5 40.6 52.2
1340 low _ 53.3 13.1 30.9 37.6
1)39 high ... 77.0 23.8 40.6 53.9
1339 low _ 58.8 15.7 83.7 41.6
'id-stock Range Since 1027:
1937-38 1932-36 1927-29
Hl-h - 75.3 72.8 157.7
L("’ .. 33.7 16.9 61.8
What Stocks Did
Wed. Tue.
Advances__ 103 324
Declines _ 513 139
Pnehangecl _ 149 166
Total Issue?__ 765 629
x-New lows.
NEW YORK SUGAR
NEW YORK, June 5—<7D—Ner
vous speculative selling sent su
gar futures skidding today. Small
orders easily influenced the list one
"'ay or the other.
World futures ended 2 1-2 to 4
points lower after losing as much
*s 7 points early. A little local
buying stemmed the decline. Sales
totaled 4.550 tons; July 1.22b. Sept.
1.17 i-2b.
Domestic futures also recovered
fom early lows but were still un
hanged to off 2 at the finish. Sales
amounted to only 3.700 tons,
m the raw market Phillippines
P°rt were offered as low as 2.70
e‘ns a Pound without stimulating
ner interest. June shipment
-miippines were avnilnhle at. 2.75.
main was reported to have
..100.000 tons of Java raw
cents f°r prompt shipment at 1.23
ounlf6!” refiners continued to
Ked. ° C6ntS f0r fine gran
N'°- 3 range follows ;
jui High Low Close
g •'.— 1-82 1.78 1.81b
Ja''' . 1.88 1.83 1.86b
.March'. 1M 181 1Mh
jlav . 1-86 1.84 1.86b
' - 1.90 1.88 1.90b
RlrmJ!50NI) LIVESTOCK
Uv«,H ND> Va- Jne 5-UB
uo toipft tL0gs steady- 5-50 top
to,:0 420 Ibs- 3.50 to 4.00; 120
lbs 4°4 -bsS" 4 00 10 4-75; 140 to 160
5.05 , ' l A° 5-05; 160 to 180 lbs.,
to 5 30 h°: 225 t0 250 lbs- 4'80
over L i? t0 30? lbs- 4-60 t0 5-l°=
der 350 n,bs'’ 4-45 to 4.95; sows un
lbs Jb8" 3-78 to 4.25; over 350
Catti tt0 .3'75'
cows hght. Good beef
5 50. Pan to 6 50: mediums 4.50 to
4.50.’ and cutters 3.50 to
bulls 5 5fl ,m. anci good grass fat
Oood a'riri ° Vea,ers weaker.
10.00. a cbo,ce mostly 9.50 to
,n/nbsCtl io'oo°P °n Sood spring
9 oo. mediums 8.00 to
_ 1
COTTON
rotton 9.84 E' JUr'e 5 —1^1—Spot
2
- "
Closing Stock Quotations
(By the Associated Press)
Adams Juxp_ 4 -.g
Adams Millis_16 i.g
Air Reduct_37 1.4
Alaska Jun_ 4 3.3
A1 Chem and Dye_141 1.2
Alleghany- 5_g
Allis Chal Mfg_24
Am Can -89 1-4
Am Car Fdy_21 1-2
Am Coml Alco_ 4 3.4
Am For Pow_ 1 i.g
Am Pow and Lt_ 2 3-8
Am Rad and St S_ 5 1-8
Am Roll Mill_10 i.g
Am Smelt and Ref___34 i.g
Am Sug Ref_13 3.4
A T and T_149 1-4
Am Tob B_73
Anaconda _20 1-1
Arm 111_ 4
A T and S F_13 5.8
ACL -10 1-4
Atl Ref-19 3.8
Aviat Corp_ 5 1-4
Baldwin _13 1-2
B and O_ 3 1-8
Barnsdall_ 8
Ber. lix Aviat _ 25 5-8
Beth Stl _68
Boeing Airpl _14
Borden_17 3-4
Briggs Mfg-14 3-4
Borg Warner _14 1-4
Budd Mfg _ 3 1-4
Budd Wheel_ 3\3 4
Burl Mills_ 13 1-4
Bud Add Mach_ 7 5-8
Calumet and Hec_ 5 1-4
Can Dry _13 1-4
Can Pac_ 2 7-8
Cannon Mills_31
Caterpil Trac _44 1-4
Ches and O_32 1-2
^ 1>± O L r ctliu JT JTL- 0-10
Chrysler _ 55 5-8
Colum G and E_ 4 1-2
Coral Credit_28 1-2
Coml Solv_ 8 1-8
Comwlth and Sou_ 15-16
Consol Edis_24 1-8
Con Oil- 6
Cont Can _35 1-2
Corn Prod _ 44 3-4
Curtiss Wright_ 7 3-4
Curtiss Wright A -_ 23 7-8
Davison Chem _- 4 1-4
Del Lack and W__ 2 3-4
Doug Aire _73 1-2
Dow Chem_137 1-4
DuPont_151 1-2
Eastman Kod_1_123
Elec Auto Lt_27 1-2
Elec Pow and Lt_ 3 1-4
Firestone_14
Freeport Sul_27 1-4
Gen Elec_- 29
Gen Foods -_88 1-2
Gillette - 4
Glidden _11 5-8
Gen Mot_39 1-R
Goodrich__ - 10 1-2
Graham Paige_ 5-8
Goodyear-13 3-4
Gt Nor Ry Pf_17 1-2
Hud Mot _ 3 5-8
Hupp Mot_ 9-16
111 Cent - 6 1-4
Int Harvest_30
Int Nick Cna_19 3-4
Int Tel and Tel_- 2 3-8
Johns Man___45 1-4
Kennecott_ 26 1-4
Kroger Groc_25 1-2
Libby OFG1_ 32 3-4
Ligg and Myers B_90
Loews _21 1-2
Mack Truck _19
Lorillard_19
McCrory Stores_11
Mo K T_ 9-ig
Mont Ward_38 1-2
Murray Corp_ 4 3-8
Nash Kelv_ 3 7-8
Nat Biscuit_17
Nat Cash Reg _10
Nat Dairy Prod_12 1-4
Nat Dist_ 17 3.4
Nat Lead _15 i-2
Nat Pow and Lt_ 6
N Y Cent_ 9 3.4
No Am Aviat_17 1-8
North Am _15 3.4
Nor Pac _ 5 1.8
Ohio Oil _ 5 7.8
Otis Elev -11 5_s
Pac O and E_26
Packard_ 8 i-8
Param Pix_ 4 5.8
Param Pf_66
Penny J C _73
Penn Rr_16 1-4
Pitt Scr and B_ 5 1-8
Pub Svc N J_31 3.4
Pullman _17 1.2
Pure Oil _ 7 1-8
Radio_ 4 1 _/
Raa K O_ 5-8
Rem Rand___ 6
Rep Stl _14 7-8
Seab A L_ 3-16
Seab Oil_12 1-2
Sears _63 1-8
Shell Un_ 8
Socoriy Vac_ 7 5-8
Sou Pac _ 7 1-8
Sou Ry _ 8 3-4
Sperry_38
Std Brands_ 5 3-8
Std Oil Cal_18
Std Oil Ind_21 1-2
Std Oil N J_33 1-2
Stewart Warner_ 5 7-8
Studebaker_ 6
Swift _18 3 1
Tex Gulf Prod_ 2 3-4
Tex Gulf Sul_ 27 3-8
Timken Det Ax_22
Transamer _ 4 3-8
Trans and West Air_13 7-8
Un Carb _ 62
Un Pac _76
Unit Aire_41 1-4
Unit Corp_ 1 1-2
Unit Drug __ 4
Unit Fruit_61 1-4
Unit Gas Imp_10 3-8
US Ind Alco _... 15
US Pipe _22 1-4
US Rub _16 1-4
US Steel _ 44 3-4
Vanadium _28 1-2
Vick Chem _- 36
Va Caro Chem _ 2 1-4
Warner Pic _ 2 1-8
West Mary __ 2 7-8
Western Union _14 3-4
West Elec and Mfg_ 82 3-4
Wilson _ 3 7-8
Woolworth *_ 30 3-8
Yell T and C _10 3-4
Youngs S and T _ 28 3-S
Total sales, 668,240.
CURB
Asso G and E! A_ 1-8
Cities Service _ 4 1-2
El Bond and Sh_ 4
Gulf Oil . 25 3-4
FOREIGN EXCHANGE
NEW YORK, June 5—UR—British
and French currencies tilted slight
ly downward today as Germany
exploded a new drive on Paris.
The British pound sterling
closed 1-2 cent lower in terms of
the dollar in foreign exchange deal
ings and the French franc lost
.00 1-4 of a cent. The Swiss franc
lost .02 of a cent.
The Canadian dollar ended at
78 1-4 U. S. cents, a decline of
1-4 cent.
Closing rates follow (Great Brit
ain in dollars, others in cents):
Canada: Official Canadian con
trol board rates for U. S. dollars:
Buying 10 per cent premium, sell
ing 11 per cent premium, equiva
lent to discounts on Canadian dol
lars in New York of buying 9.91
per cent, selling 9.09 per cent.
Canadian dollar in New York
open market 21 3-4 per cent dis
count, or 78.25 U. S. cents.
Europe: Great Britain, demand
3.-18 1-2, cables 3.19 1-2, 60 day
3.17 1-4, 90 day 3.16.
Belgium unquoted, Denmark un
quoted, Finland 2.00n, France 1.81,
Germany 40.05n, Netherlands un
quoted, Norway unquoted, Portu
gal 3.25n, Rumania .52n, Sweden
23.82n, Switzerland 22.40, Yugosla
via 2.35n.
Latin America: Argentina of
ficial 29.77, free 22.45, Brazil offi
cial 6.05, free 5.10, Mexico 16.85n.
Far East: Japan 23.48, Hongkong
20.00, Shanghai 5.35.
(Rates in spot cables unless oth
erwise indicated.)
N-nominal. 1
N. Y. COTTONSEED OIL
NEW YORK, June 5 —
Cottonseed old futures broke into
new seasonal law ground today
before sufficient buying developed
to pull prices back a bit. The
final range was down 5 to 9
points.
Broad selling, inspired by weak
ness in grains, lard and securities,
ran into indifferent demand.
Sales totaled 196 lots; Jly. 5.95,
Sept. 5.97 bid, Oct 6.00, Dec. 6.04,
Jan. 6.06 bid.
Crude oil sold at 5 cent a pound
in the southeast and valley. Texas
quoted 4 3-4 to 4 7-9. 2
EGGS
NEW YORK, June 5.—(J>)—Eggs
41,781; weak. Mixed colors: Fancy
to extra fancy 18-20 1-2; extras 17 1-2
3-4; storage packed firsts 17-17 1-4;
graded firsts 16 1-2-3-4; current re
ceipts 15 1-4; mediums 14-14 1-4; dir
ties Nt>. 1, 14 1-4; average checks
13 1-4-1-2
NEW YORK COTTON
NEW YORK, June 5 —(A>)—'Trade
accounts bought the July cotton
delivery today, holding the price
unchanged, but later months lost
6 to 9 points under broadened sell
ing.
The firm underfooting found by
the spot month appeared a direct
outgrowth of reports from the south
that supplies of free cotton were
becoming increasingly scarce.
Houston, Texas, for instance, re
ported offerings had been slashed
to the vanishing point.
Cotton is not coming out of the
millions of bales held under gov
ernment loan, dealers explained,
because of unprofitable current
prices. Holders, in other words,
stand to get more from the govern
ment at present than in the open
market.
At the same time, effect of the
spot situation is expected by many
to steady futures.
Hedging and foreign selling,
much from Bombay, hit later
months. Speculative buying was
at a minimum because of war
news.
Worth street reported a mild
pickup in business late Tuesday
but there was no follow-through.
Business was done at small con
cessions.
Exports Tuesday 3,320 bales;
season so far 6,147,808. Port re
ceipts 3,145; port stocks 1,55,644.
Range follows: 2
New:
Open High Low Close
July „ 9.48 9.50 9.45 9.52 unch
Oct 8.54 8.56 8.45 8.50 off 6
Dec __ 8.45 8.47 8.36 8.40 off 7
Jan „ 8.36 8.36 8.36 8.33N off 7
Mch __ 8.27 8.28 8.19 8.22 off 8
Mav __ 8.14 8 15 8.04 8.06 off 9
Old:
July 9.32 9.32 9.23 9.30 unch
N-Nominal.
Spot nominal; middling (%-inch)
10.18.
NEW ORLEANS COTTON
NEW ORLEANS, June 5.—OP)—
Firm spot basis supported the near
months in cotton futures today while
new crop positions were depressed by
a larger crop forecast and weakness
in other markets. Closing prices
were steady 7 points net lower to 1
point higher.
Open High Low Close
July — 9.37 9.42 9.34 9.42 up 1
July (N) 9.57 9.57 9.57 9.62B
Oct 8.58 8.58 8.47 8.54 off 6
Dec — 8.48 8.48 8.38 8.44B
Jan_8.39B- - 8.35B
Mch . 8.29 8.29 8.21 8.28 off 4
May — 8.16 8.16 8.10 8.12 off 7
JB-Bid_
CHICAGO LARD
CHICAGO, June 5—(A9—L a r d
tierces 5.07; loo,4.30; bellies 5.62.
■■ ■ —I I. - ■—-n
BOND MARKET HIT
BY SELLING URGE
Rail Issues Lose More Ground
Than Any Other Group
During The Day
NEW YORK. June 5.—(A1)—The
urge to sell finally got the upper
hand in bond market trading today
and forenoon stability was succeeded
by a general mixture of gains and
losses at the close. Rail issues lost
more ground than other groups on
the aerage.
The foreign dollar list moved es
pecially calm in face of the latest
German offensive toward Paris.
Rome 6 l-2s at 35, Japan 6 l-2s at
79 3-4 and German 7s at 19 were up
fractions to a point. Against these,
several Latin American issues slump
ed l to 3 points, including Argen
tine 4s and Cuban 4 l-2s.
Corporate loans ending with minor
gains included Armour 4s at 96 5-8,
Chesapeake & Ohio 3 l-2s at 94 3-4,
Detroit Edison 4 l-2s at 108 7-8,
Youngstown Sheet & Tube 4s at
192 7-8 and Pacific Telephone 3 l-4s
at 105 7-8.
Losers of fractions to a point or
more included Western Union 5s,
Southern Railway 4s, Postal Tele
graph 5s, New York Central 5s, Nick
el Plate 4 l-2s, Delaware & Hudson
4s and International Telephone 5s.
U. S. Governments were neglected
all day and ended 2-32 of a point
higher to 5-32 lower.
Total sales of $4,626,100, par val
ue, compared with $4,288,900 the day
before.
BOND AVERAGES
20 10 10 10
Rails Indus Util For
Net change - d.2 a.l a.2 d.l
Wednesday_ 49.3 99.i 91.5 36.7
Prev. day_ 49.5 99.0 91.3 36.8
Month ago_ 58.4 103.5 97.0 45.8
Year ago 57.8 100 0 96.5 62.6
1940 high_* 59.9 103.6 97.5 52.5
1940 lew _ 48.3 99.0 90.3 36.1
1939 high — 64.9 102.0 97.5 64.0
1939 low _ 53.4 95.8 90.4 41.7
10 Low Yield Bonds
Wednesday -108.8
Prev. day _108.6
Month ago _113.2
Year ago_112.5
1940 high -112-2
1940 low _108.4
1939 high _112.6
1939 low _103.6
CHICAGO LIVESTOCK
CHICAGO, June 5 —UP)— Heavy
arrivals in the livestock market
forced prices of hogs and cattle
down today in slow trading.
Fed steers and yearlings closed
fairly active, 10-25 lower. The prac
tical top was $11.00 with prime of
ferings bid above $12.00. The bulk
of the run sold steady to 10 cents
lower with late deals showing a
full decline.
Hogs sold steady to lower with
late deals also at full decline. The
top was $5.50.
Fed and spring lambs were
steady, with choice native spring
ers topping at $11.65. Fed old crop
shorn lambs sold at $9.00 down.
(U. S. Dept. Agr.)—Salable hogs
16,000; total 21,500; opened low;
few early sales strictly good and
choice weights 190 to 240 lbs.
around steady with yesterday’s
average; later trade uneven, most
ly steady to 10 off with late
sales at full decline; top 5.50
bulk good and choice 180 to 270
lbs. 5.20 t 5.45; 270 to 330 lb.
butchers 5.00 to 5.30; extreme
weights up to 4.60; shippers took
500; estimated holdovers 2,000.
Salable cattle 12.000; salable
calves 1,500; fed steers and year
ling closed fairly active, steady to
25 lower; mostly 10 to 15 off; me
dium weight and weighty steers
grading strictly good and better
showed most downturn; both local
and outside interests bought free
ly, however, clearance fairly good
considering sharply larger receipts
than expected; most steers 8.75 to
10.25; three or four loads choice
light as well as 1,400 lb. steers
1.00; very little above 10.50; long
yearlings sold up to 11.00: light
yearlings 10.50; numerous loads all
weights 9.25 to 10.00; strictly prime
around 1.400 lb. Nebraska’s b i d
above 12.00, but practical top
around 11.00: heifers 10 to 15 low
er; best 10.00; both fed heifer and
steer trade little different from last
Monday; improvement having oc
curred Tuesday; cows steady; bulls
10 to 15 higher; vealers steady to
weak; outside on weighty sausage
bulls 7.25; weighty cutter cows up
to 6.29; vealers 9.00 to 10.00, few
10.50.
Salable sheep 2,000; total 5,500;
all classes steady; few choice na
tive spring lambs 11.65; bulk bet
ter kinds around 11.50; throwouts
mostly 8.50 to 9.50; small lot fed
clipped lambs 9.00; bulk on Texas
order 8.00 to 8.75; best fat native
ewes 3.75 up; medium and heavy
weight 3.75 to 3.50; culls 2.50 down.
■-----.-¥
Closing Bond Quotations
(By the Associated Fress)
GOVERNMENT BONDS
Treasury
3%s 43-41 Mch._ 102.29
3%s 47-43 _ 107.16
314s 45-43 _107.15
314s 46-44 _108.2
294s 47-45 _106.24
3%s 49-46 _ 108.24
414g 52-47 _117.4
2%s 53-49 _103.6
3s 55-51 _ 107.23
214s 53-51. 101.14
27/ss 60-55 -i_104.29
294s 63-58 - 103.17
2 94s 65-60 - 103.22
Home Owners Loan
214s 44-42 _ 103.2
3s 52-44 - 105.7
1%S 47-45 - 100.7
DOMESTIC
AT and SF 4s 95_101 94
Can Pac 4s Perp _ 42%
Chi E 111 5s 51 _ 1094
Chi Gt West 4s 59 _ 2114
Cri and P Rfs 4s 34_ 4%
Clev Un Term 5%s 72 _ 79%
Clev Un Term 4%s 77C_ 63 94
Erie Rf 5s 67 _
Hud Coal 5s 62A_ 26
Hud and Man Rf? 5s 57_ 38%
Int Gt N Adj 6s 52_ 1 "
Int Mer Mar 6s 41 _ 53%
Cou and N 4%s 2003 _ 84%
Mo Pac Gen 4s 75_ __ 1%
NYC Rf 5s 2013_ 45%
Noi-f and W 4s 96 _117%
Nor Pac 6s 2047 __ 47
Penn RR Gen 4%s 65_ 95
Phil Read C and I Cv 6s 49 2%
Purtiy Bak 5s 48 _100
3eab A L, Cn 6s 45_ 36
3o Pac Rfg 4s 55_ 54%
3o Ry Gen 4s 56_ 44%
rhird Ave 4s 60 _ 46
FOREIGN
Australia 5s 55 _ 40%
Australia 4%s 56 _ 35
Belgium 7s 55 ___ 43
Brazil 6%s 26-57 _ 9%
Her Govt 7s 49 _ 19
Italy 7s 5i _ 40
Japan 6%s 54 _ 79%
Poland 8s 50_ 7
Rio Gr Do Pul 6s 68_ 6%
CHICAGO GRAIN
CHICAGO, June 5—W)—The new
German attack on the western
front touched off another wave of
selling in the grain market today,
three cents a bushel and other cer
eals less amounts before a rally
developed.
Wheat prices were the lowest
since Saturday, May 18, the day
before the board of trade fixed
minimum quotations for all grains
to check the drastic liquidation and
sensational price collapse that ac
companied the first German push
on the western front. July wheat
at one stage sold at the minimum
of 78 1-2, the first time that any
wheat future has touched the min
imums since they were established.
All other grain futures except corn
and July oats and December rye
closed at the minimums, which
greatly restricted trade in the oth
er pits.
Wheat contracts at Minneapolis,
durum at Duluth and Minneapolis,
oats, rye, barley and flax futures
also were at the minimum prices.
Kansas City wheat quotations were
at the minimums at one time.
Some buying attributed to shorts
and elevator interests helped to
rally wheat before the close but
final prices were 1 3-8 to 2 cents
lower than yesterday, July 79 3-8
to 1-2, September 79 7-8 to 80.
These prices were 1 to almost 2
cents above the minimums. Corn
closed 1-8 lower to 1-2 higher, July
62 1-2 to 5-8, September 61 3-8 to
1-2, or 3 to 3 1-2 above the mini
mums. Oats closed unchanyed to
1-8 lower, rye unchanged to 1-8 off
and lard unchanged to 5 lower. 1
Open High Low Close
WHEAT:
July -80% 80% 78i/2 79%
Sept -81% 81% 78% 80 "
Dec -82% 82% 79% 81
CORN:
July - 62 62% 61 62%
Sept -61 61% 59% 61%
Dec ..59% 60% 58% 60%
OATS:
July . 83%
Sept -31% 31% 31% 31%
Dec -32% _ 32%
SOY BEANS:
July - 89%
Oct _ _ _ 77
Dec _ 78%
RYE:
July _44% _ 44%
Sept _ 46%
Dec _ 48 48% 48 48%
LARD:
July .— 5.05 5.15 5.02 5.12
Sept _ 5.22 5.35 5.22 5.35
Oct _ 5.42 5.45 5.30 5.45
Dec _ 5.60 5-62 5.45 5.60
BELLIES:
July __ _ _ 5.67
Sept _ _ _ 6.50
CHEVROLET REPORTS
DETROIT, June 5 —(J’l—Chevro
let division of General Motors Cor
poration reported today that its
retail sales of new cars during
the month of-May numbered 92,764.
The company previously reported
April sales of 108,362 cars and
trucks. Sales during the final 10
day period of May were 35.751, a
gain of 33.8 percent over the figure
reported for the preceding 10
days. 2
MIDDLING COTTON
NEW ORLEANS, June 5 — Ml—
The average price of middling
15-l6ths-ilnch cotton today at ten
designated southern spot markets
was unchanged at 10.05 cents a
pound; average for the past
thirty market days 10.09 cents;
middling 7-8lhs-inch average 9.87
cents a pound. 2
DRY GOODS
NEW YORK, June 5 — (®—Dry
goods; Standard print and broad
cloths sold at slight concessions.
Spun rayon sport weaves and
sharkskin prices hold steady. Full
fashion silk hosiery sales improve.
Woolen goods market stimulated
by reports of intended government
purchases. 2
BUTTER
CHICAGO, June 5.—bP>—Butter,
1,144,501: steady, prices unchanged;
eg'gsft 43,239; steady, prices un
changed.
CHICAGO POTATOES
CHICAGO. June 5—UR— (U. S.
5-25; Alabama bliss triumphs few
sales U. S. 1 washed 2.25 to 2.40;
me outstanding car 2.50; U. S. 1
mwashed 2.15 to 2.25'; late Tues
lay car 2.40; U. S. 1 size B wash
ed 1.25 to 1.35; unwahsed 1.15 to
125; Louisiana bliss triumphs few
sales U. S. 1 washed 2.40; U. S. 1
mwashed 2.10 to 2.25; old stock
supplies light, demand slow; mar
cet slightly weaker; Idaho russet
3urbanks U. S. 1. 2.50; late Tues
lay few sales 2.60 to 2.65; North
Dakota Red River valley section
ate Tuesday, early Ohios and bliss
;riumphs fairly good quality few
sales 1.70. 1
BALTIMORE POTATOES
BALTIMORE, June 5—MP)—Pota
toes unchanged.
—---4
STOCKS IN THE SPOTLIGHT
NEW YORK, June 5.—<A>>—Sales,
closing price and net change of the
fifteen most active stocks today:
Packard, 15,900—3%; a%.
US Steel, 15,300—44 si; d2.
Gen Motors. 13,600—39%: dl%.
Curtiss Wright, 12,700—74i: dli.
Anaconda, 10,800—2014; d%.
Manh Ry Mod Gtd Ct. 10,100—1614 ;
a%.
Loft. 9,200—1714 ; d%.
Stand Oil N J. 9.100—33%; a2H.
Beth Stl, 7,700—68; d2.
Int Pap and P. 7,600—11%; dl..
Radio. 7.400—414 ; d%.
Repub Stl, 7.300—14%: d1.
Boeing Airpl. 7,200—14: d1.
Studebaker, 6.600—6; d 14,
CASH GRAIN
CHICAGO, June 5—(^)—C ash
wheat—no sales.
Corn No. 1 mixed 69 1-4; No. 1
yellow 65 to 67; No. 2, 65 to 66 1-4;
No. 1 white 75 3-4; sample grades
65 1-2.
Oats No. 1 feed 32 1-4; No. 2
white 36 3-4; No. 3. 35 3-4 to 36;
No. 4, 35 1-4; sample grade white
34 1-2.
Malting barley 5 to 60 nom
inal; feed 40 to 48 nominal. 1
NAVAL STORES
SAVANNAH, June 5—MV-Turpen
tine firm 26; offerings 191; sales
none; receipts 405: shipments 1;
stock 8,606. Rosin firm; offerings,
receipts 1,548; shipments 5; stock.
Quote: B, 3.45 to 50; D, 3.50 to
3.55; E, 3.80 to 3.85; F, G, 4.20;
H, 4.25; I, 4.25 to 4.35; K, 4.35 to
4.45; M. 4.75 to 4.85; N, 5.05; WG,
5.40; WW, 5.75; X, 5.90. 1
PEANUTS
SUFFOLK, Va„ June 5.—MV
Peanut quotations: jumbos 3.90 to
4.01; bunch 3 1-2 to 3.65; runners
3 3-8 to 3 -12. Market dull. 1
N. C. HOGS
RALEIGH, June 5 —MV-(NCDA)
—Hog prices held steady at 5.25
today at Kinston and Rocky Mount.
BALTIMORE HOGS
BALTIMORE, June 5—W— (U. S.
Dept. Agr.)— Hogs 350. Mostly 10
lower than yesterday. Practical top
5.80; good and choice 170 to 210
lbs. 5.55 to 5.80; 220 to 240 lbs.
5.30 to 5.65; 250 to 300 lbs. 4.80 to
5.05; 150 to 160 lbs. 5.15 to .40;
140 to 10 lbs. 4.80 to .05; 130 to
140 lbs. 4.55 to 4.80; 120 to 130 lbs.
4.40 to 4.65. Packins sows mainly
3.70 to 4.20. 1
SPOT COTTON
NEW ORLEANS, June 5.—(.T1—
Spot cotton closed quiet and un
changed. Sales 99.
Low middling 9.25; middling
10.25; good middling 10.70; receipts
1,664; stock 621,823. 1
N. O. COTTONSEED OIL
NEW ORLEANS, June 5—(.PI—
Cottonseed oil closed steady.
Bleachable prime summer yellow
5.80 nom.; prime crude nom. July
5.45b. Sept., 5.50b, Oct. 5.52b, Dec.
5.60b.
B—bid. 1
LIVERPOOL COTTON
LIVERPOOL, June 5— (IP)—Cotton
trading was inactive today with buy
ers and sellers ideas incompatible
at current prices. Settlement prices
as (g May 16 continued.
BUTTER
NEW YORK, June 6.—LP)—But
ter 1,192,13!), steady. Creamery:
Higher than extra 27-27 3-4; extra
(92 score) 26 3-4; firsts (8S-91) 25
26 1-4; seconds (84-87) 24-24 3-4.
SOOTHE MINOR BURNS
....soothe bruises, too. Use a
comforting dressing of pure, white
Moroline. Keep it handy for such
ft a emergencies. Demand i
Moroline
WHITE PETROLEUM JELLY!
xiilth I% B/‘ik'I
YOU want to linger. You can’t bear to part from /
such a perfect tubful. For this is bathing at its best! ^
Water at just the right temperature ... the Ruud Water
Heater and Gas, the perfect fuel, take care of that.
Water as clear and inviting as a mountain stream . .,
because it comes from a rust proof tank of solid Monel,
guaranteed for 20 years!
Go Gas for hot waterman automatic hot water service
at its tip-top best.
TIDE WATER POWER CO
SMALL DOWN PAYMENT
30 MONTHS TO PAY
BRICK BRADFORD—Seeks the Diamond Doll
By William Ritt and Clarence Gray
JUNE'JUNE ' ANSWER ME / ARE I
-~y YOU BADLY HURT M
•born «
WHEN I HAVE THE LINE LOOPED AROUND
JUNE I’LL CALL AND YOU PULL --
■ / i UFD I IP /

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