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STOCK MARKET PRICE TREND FOLLOWS UPWARD PATH
SIEELS, rubbers and rails climb Traders Keep Commitments Minimum Pending ' Further Light On War FREDERICK GARDNER ® w YORK, June 18 —(AV-Most market traders kept com ?t0(Cbnts at a minimum in today’s m 1 pending further light on niropean war problems but the General direction of prices was up "jtd, bv steels, rails, rubbers and atfcialties. the list made its best f jn the morning when gams 1 fractions to around 3 points were posted for favorites. After mid-day prices began to ‘it and volume dwindle, with the that the principal morning 1 rmbers were enabled to emerge c.th on)j' infinitesimal portions of heir early upswing. In addition, !?«es running to a point or so were to be seen here and there. The Associated Press average a net upturn of .2 of a point t411 Transfers of 718,810 shares compared with 1,208,330 yesterday. Stemming the buying tide was lVe evident desire of many in Wall t eet to await-the Hitler - Musso ,ni peaCe terms to France. Com bating the Picture were persis fnt claims of the British they would battle to a finish notwith standing French capitulation, and void Premier Petain and com mander Weygand had urged their -t-avering troops to fight on until ,i,e armistice was actually signed. Bolstering sentiment still was ,he outlook for heavy armament spending at home, climbing steel production, expanding railway revenues, brighter prospects for tae rubber companies through manufacture of the synthetic staple, growing demand for copper and increasing mail order sales. * Aircrafts lagged as a Senate committee moved to shorten profits on navv plane contracts. Oils soft ened also on the likelihood petro leum shipments overseas would be curtailed by the latest shift in the irar man. American Airlines. Eastern Air toes and Allied Chemical got up ; to 3 points. Unchanged to moder ately higher were U. S. Steel, Bethlehem. Republic, Chrysler, Goodrich. Goodyear, Sears Roe buck. Unite! Aircraft. American Telephone. Western Union, N. Y. Central, Pennsylvania, Southern Pacific. Great Northern, Kennecott Du Pont, American Smelting and International Nickel. Losses running to a point or so were suffered by Standard Oil of 5, Y. , Texas Corp., Loew’s, Ana conda. Douglas Aircraft, Boeing, Glenn Martin, Westinghouse and Eastman Kodak. Rail loans were the best in the bond department. Italian and Ger man bonds, up for a while, eventu ally slipped while some British empire issues recovered. Comodi tes steadied. Wheat at Chicago was unchanged to up 3-8 of a cent a bushel and corn gained 1-2 to 34. Cotton added 50 to 70 cents a bale. “Free” sterling again was lower. Up a point or so in the curb Were Jones Laughlin, N. J. Zinc, Pennsylvania-Central air lines and Aluminum of America.Ounder wa ter were PantepeC. Bell Aircraft American Gas, American Cyan amid “B” and Brewster Aero The turnover here was around 109, MO shares against 168.000 the day before. 2 STOCK AVERAGES 30 15 15 60 Indus Rails Util Stks Ret change _ a.2 a.4 a.2 a.2 Tuesday _ 58-3 14.8 33.6 41.1 Prey, dav ... 58.1 4.4 33.4 40.9 Month ago .. 53.5 13.2 31.1 37.7 Tear ago_ 67.6 18.2 37.5 47-6 13(0 high_ 74 2 20.5 40.6 52.2 13(0 low_ 52 8 13.0 30.9 37.0 »J» high . ' 77.0 23-8 40.6 53.9 W low_ 58.8 15.7 33.7 41.6 60-Stock Range Since 1927: , 1937-38 1932-36 1927-29 H|sh . 75.3 72.8 157.7 u . 33.7 16.9 61.8 Wliat Stocks Bid Tucs. Mon. Advances . 408 221 Declines _ 145 407 1 whanged . 154 13? "°tal issues 707 76t Iuuilvs IN THE SPUTL.1UM1 6EW YORK, .Tune 18—OP)—Sales 'losing price ancl net change of the ot'wn most active stocks today; Loft. 39.100—25; no. OS Steel. 23,400—53%; no. Republic Stl. 17.000—17%; a74. •%' Central. 14,200—11%; a%. Len Motors. 13,800—44% ; no. Losi Air Lines, 11.900—31% : al% Steel, 11.600—77%; a%. S Rubber. 11,600—21; d%2. ,mt Air Lines. 9.200—16% : a%. Anaconda. 8.800—21%; d%. pap and P. 8,800—12%; d%. ' nad pac. 8.100—3; a%. nrtiss Wright, 8.000—7%; no. 5 Tp' and Tel, 7,000—3% ; a%. | ,0" Ry. 6.400—11%; a%. JWW ORLEANS COTTON ORLEANS. June 18.—CZP»— shortn ■l,t'!rps advanced today or bilk p?VPrin" and price-fixing b: at «Lu°Rins quotations were stead: ?i*uis of 12 to 15 points. Juk- OR011 High Low Close palv l!!--1 10-35 10.21 10.31 upl; Oct fn) 10 :5415_10.52B Bee ~~ 9-23 9.46 9.23 9-40 up 1! Jan " 017 9.30 9-15 9.26B filch " 0 14 9.14 9.14 9.16B Slav " 8 83 9.05 8.83 9.01 up 1! R-Bh] 8 58 8" s-08 8.86 up 1! NEu v BLTrER Iff j ,lfia Y°RK, June 18—IIP)—But I’r ti,. 014l RtPadV- Creamery: high k***" 27-27 3-4: extra (9 Jirtti 26 3-4. canons 26 1-4—1-2 konR including- tubs and car 1‘4» seconds (84—87) 24 ---—---* Closing Stock Quotations (By the Associated Press) Adams Exp _ 5 3.8 Air Reduct___39 1.4 Alaska Jun _ 4 3.8 A1 Chem and Dye_150 Alleghany_ 1_2 Allis Chal Mfg_27 1-2 Am Can -97 3.4 Am Car Pd ...y_ 23 3-4 Am '’or Pow _ 1 1.4 Am Pow and Lt___ 3 Am Rad and St S _ 5 5-8 Am Roll Mill_11 3.4 Am Smelt and Ref_ 38 3-4 Am Sug Ref__14 A T and T-156 1-2 Anaconda_-___21 5-8 Am Tob B- 75 3-4 Arm 111 _ 4 1.2 A T and Sf_15 3.4 ACL-12 Atl Ref- 20 3-4 Aviat Corp- 5 1-8 Baldwin _15 3-8 B & O- 3 5-8 Barnsdall _.__ 8 Bendix Aviat _ 29 1-4 Beth Steel _ 77 7-8 Boeing Airpl ........_ 13 7-8 Borden _IS 3-8 Borg Warner_16 Briggs Mfg _16 7-8 Budd Mfg_ 3 5-8 Budd Wheel_ 4 5-8 Burl Mills_15 Bur Add Mach___ s Calumet & Hec_ 5 3-4 Can Dry _14 1-2 Can Pac_ 3 Case J I _ 60 1-4 Caterpil Trac _-_47 1-2 Ches & Ohio _ 35 7-8 r m st p 1. P Pf i.s Chrysler _64 1-8 Coca Cola _102 3-4 Colum G & E _ 5 5-8 Coml Credit _28 1-2 Coml Solv _- 9 5-8 Comwltli & Sou _ 1 Consol Edison_..._26 1-8 Con Oil —- 6 1-2 Cont Can _41 Corn Prod _49 1-4 Curtiss Wright - 7 5-8 Curtiss Wright A-- 24 5-8 Davison Chem ......-... 4 7-8 Del Lack & W - 3 3-8 Doug Aire _ 73 3-4 Dow Chem _151 1-2 DuPont _-—161 Eastman Kodak--—129 Elec Auto Lt _31 1-4 Elec Pow & Lt - 4 1-2 Freeport Sul-- 30 5-8 Gen Elec _ 31 3-8 General Foods - 40 7-8 General Motors .—_—..... 44 1-8 Glidden _12 1-8 Goodrich ____—- 13 1-4 Goodyear _ 16 Graham Paige - 3-4 Gt Nor Ry Pf -21 1-8 Hudson Motors __—. 3 3-4 Huppmobile Motors -—3-4 Illinois Central --- 7-3-8 Int Harvest _ 46 1-2 Int Nick Can _ 23 3-4 Int Tel and Tel_ 3 1-5 Johns Manville ——- 51 1-2 Kennecott _—— 28 7-8 Kroger Groc ___.... 29 1-4 Libby O FG1_33 Legg and Myers B_...— 95 Loews ___— 23 1-2 Lorillard __ 20 3-8 Louis and Nash _47 Mack Truck _ 20 3-4 McCrory Stores_12 3-4 Mo K T ___ 3-4 Mont Ward —_39 Murray Corp_ 5 1-4 Nash Kelv _ 4 1-4 Nat Biscuit _18 5-8 Nat Dairy Prod_13 3-4 Nat Dist _19 Nat Lead _18 Nat Pow & Lt_ 7 N Y Central_11 5-8 No Am Aviat_16 3-4 North Am_18 7-8 Nor Pac_ 5 3-4 Ohio Oil_ 6 1-8 Otis J31ev _12 1-8 Pac G & E -.27 3-4 Packard _ 3 1-4 Param Pix_ 5 3-8 Param Pf _ 70 Penny J C_81 Penn Dixie_ 2 1-2 Penn R R. 18 1-4 Phillips Pet _32 1-2 Pitt Scr & B _ 5 3-4 Pub Svc N J_ 33 7-8 Pullman _ 20 3-8 Pure Oil _ 7 5-8 Radio _ 4 3-4 Rad K O_ 15-16 Rem Rand _ 7 1-8 Republic Steel -_17 5-S Reynolds B _36 1-4 Seab Oil . 13 1-2 Sears _ 70 3-4 Shell Un __ 8 1-4 Socony Vac _ 8 5-8 Sou Pac _ 8 5-8 Sou Ry .. 11 1-8 Sperry _ 39 3-4 isiunuaru rsranus __a is Standard Oil Cal _18 1-2 Standard Oil Ind _23 1-8 Standard Oil N J _35 1-8 Stewart Warner_ 5 5-8 Studebaker _ 7 1-8 Swift _19 3-4 Texas Corp _38 1-4 Texas Gulf Sul _30 1-8 Timken Det Ax _23 Transamer _ 4 3-4 Trans and West Air _17 1-8 Un Carb _68 Un Pac__77 1-2 Unit Aire _40 1-2 Unit Corp _ 17-8 Unit Fruit_64 1-2 Unit Gas Imp _11 US Ind Alco. 17 3-4 US Pipe_ 25 3-4 US Rub__21 US Smelt and Ref_49 US Steel __ 53 3-4 Vanadium _33 Va Caro Chem _ 2 1-4 Warner Pic _ 2 3-8 West Mary _ 3 1-4 Western Union_-_,_17 1-2 West Elec & Mfg __ 90 1-2 Wilson ___- 4 3-8 Woolworth _ 31 1-2 Yellow T & C_13 Youngs S & T_32 1-2 Total sales 718,810. CURB Asso G and El A ..31 1-2 Can Marconi __ 5-8 Cities Service___ 4 7-8 El Bond nad Sh __ 5 Gulf Oil _29 NEW YORK SUGAR NEW YORK, June 18—CP)—Sugar futures Wavered nervously today in a market dominated by war con siderations. The world list opened moderately higher but gave way under selling, in part speculative. Final prices were unchanged to 1 1-2 points low er on sales of 3.000 tons: July 1.08b, Sept. 1.08b. Domestic sugar ended 2 lower to 1 higher on turnover of 3,800 tons. A slow raw' market combined with overseas news to dampen trading enthusiasm. Puerto Rican raws were offered for mid-June shipment at 2.80 cents a pound and Philippines due July 12 at 2.77 cents. Refined remained at 4.50 cents in eastern territory. No. 3 range follows: Higli Low Close July _____ 1.79 1.79 1.78B Sept _ 1.87 1.86 1.86B jan ” _ 1.91 1.90 1.89B Mch _ 1.93 1-93 1.92B May -- 1-97 1.97 1.97B B-Bid. RICHMOND LIVESTOCK RICHMOND, Va., June 18—«*>— (USDA)—Livestock: hogs—10 cents lower. Good and choice 180-225 pounds 5.05-5.25 the top. 100-120 lbs. 3.25-3.75; 120-140 lbs. 3.75-4.25; 140-160 lbs. 4.25-4.70; 160-180 lbs. 4.70-5.05; 225-250 lbs. 4.55-5.05; 250-300 lbs. 4.25-4.75; over 300 lbs. 4.15-4.65. Sows under 350 lbs. 3-50 4.00; over 350 lbs. 2.00-3.50. Cattle — Largely .25-.50 lower, dull. Cows and bulls steady. Weighty sausage bulls 6.00-6.50. lights 5.50 6.00. Dairy' type cows around 4.50 5.50, canners and cutters largely 3.50-4.50, Vealers fairly heavy, about steady. Selling mostly from 8.50 down. Spring lambs slow. Strictly good 9.50-10.00. Demand dull on common and medium grades. CHICAGO POTATOES CHICAGO, June 18—iff)—(U. S. Dept Agr.) —Potatoes, arrivals i 110. '0n track 323; total U. S. ship ments 562; supplies liberal; de ; mand fair; market weak; Califor Sa long whites U. S. No. 1. 2.00 to 25- California bliss triumphs i U s No. 1, 2.25; North Carolina ’ cobbiers U. S. No. 1, 1.55 to 1.70; Arkansas and Oklahoma bliss tri umphs U. S. No. 1, 1.50 to 70; - Alabama bliss triumphs U. S. No. - 1 2.00: Louisiana bliss triumphs ! U. S. No. 1, 1.60-70. CHICAGO LARD CHICAGO, June 18—MV—Lard tierces 5.52; loose 4.65; bellies 6.00. | FOREIGN EXCHANGE NEW YORK, June 18 —Ufl — Closely controlled Nazi currencies advanced briskly in relation to the dollar today while the Axis leaders weighed the fate of France. Supplies of the currencies were extremely limited in the local for eign exchange market. Formerly Amsterdam was the main source of supply but since the outlet was eliminated most German currency has come here from Switzerland. The benevolent mark jumped 2 1-10 cents and the registered mark 1-2 cent. The pound eterling declined 3 cents. The Swiss franc held un changed. The Canadian dollar rose 1-8 to 80 1-4 U. S. cents. Closing rates follow (Great Bri tain in dollars, others in cents): Great Britain, demand unquoted, cables 3.62, 60 day unquoted, 90 day unquoted. Belgium unquoted, Denmark unquoted, Finland 2.00n, France unquoted, Germany 40.10n, (Benevolent) 19.10, travel 12.85, Greece .70n, Hungary 17.65n, Italy 5.05, Netherlands unquoted, Nor way unquoted, Portugal 3.80n, Ru in a n i a .52n, Sweden 23.86n, Switzerland 22.43, Yugoslavia 2.35n. Argentina official 29.77, free 22.09, Brazil official 6.05, free 5.10, Mex ico 19.00n. Japan 23.48, Hongkong 22.83, Shanghai 6.05. Rates in spot cables unless other wise indicated.) N-nominal. 2 DRY GOODS NEW YORK, June 18—(J’l—Wool —business for fall delivery con tinues to improve with some mills said to have sold up to their pro duction for the next few months. Jobbers report good demand for tropical worsteds and gabardines. Cotton goods—trading pace slack ens but prices remain firm. Rayon —strong prices continue in fairly active dealings. Spun rayon novel ties and pigment taffetas lead in volume. Silk—market remained quiet. ’ 1 EGGS NEW YORK, June 18—(£>)—Eggs 37,629; steady. Moxed colors: fancy to extra fancy 18-21; extra 17 1-2 3-4; storage packed firsts 17 17 1-2, graded firsts 16 1-2—3-4; current re ceipts 14 3-4; mediums 14 3-4; dirties No. 1, 14 1-2; average cheeks 13 1-2— 3-4. PEANUTS SUFFOLK. Va., June 17—(JV Peanut quotations: jumbos 3.90 to 4; bunch 3 1-2 to 3.65; runners 3-38 to 3 1-2. Market remains dull. RAILROAD ISSUES LEAD BOND GAINS Rush To Buy Italian And Ger man Loans Subsides But Most End Higher NEW YORK, June 18 —</P) — Railroad issues led in a narrowly sdvancing bond market today. The rush to buy Italian and German oans subsided, but most of them ended higher, and the hard pressed British dominions’ liens found sup port. The sudden interest in rails, par ticularly the lower priced group, was traced in brokerage quarters to a better than seasonally ex pected pickup in carloadings on many prominent systems. Heavy Tjovement of materials used in armament making and other phases of the European war ac counted for much of the better showing. Ending fractons to more than a point higher were southern rail way 4s at 48 5-8, Union Pacific 1 l-2s at 95 1-2, Southern Pacific t l-2s at 35 3-4, Northern Pacific Is at 62 1-8, Missouri Pacific 5s at L-8, and Santa Fe 4s at 103 3-4. Other domestic loans making some progress included internation al telephone 5s, Goodrich 4 l-4s, consolidated oil 3 l-2s, American & Foreign Power 5s, Montana Power 3 3-4s and Pacific Gas 3 3-4s. In the foreign dollar group gain ers of fractions to more than a point included Italy 7s, Canada 4s. Peru 6s, Argentine 4 l-2s, German unstamped 7s and Colombia 6s. Sydney 5 l-2s jumped up 12 points to 60 on light turnover and Queensland 7s were up 1 1-2 at 65 1-2. French government 7 s sold at 97, off 3, the first time a sale of these bonds had been made since the armistice plea of Mon day. They were offered yesterday at a wide discount from the pre vious sale but no bids were avail able. U. S. governments were quiet and mixed, ending 9-32 of a point lower to 7-32 higher. Total sales of $5,177,200. par value, compared with $5,383,000 Monday. 2 CHICAGO LIVESTOCK CHICAGO, June 18—(J>l—Light cattle receipts today sent prices up 15 cents, and in some instances 25 cents. High prices influenced by heavier receipts were unevenly 5 to 15 cents lower. The top was $5.25. Spring lambs were around 25 cents lower. Cattle receipts totaled only 6,000 against 8.500 a week ago. Fed steers and yearlings were strong to 15 cents higher. Heifers were strong, and a light supply of cows was steady along with bulls. Hog prices were mostly 10 cents lower. Shippers took 1,000 and hold overs were 1,000. Most good spring lambs sold at $10.25 to $10.50. Ewes were scarce but steady. (U. S." Dept. Agr.l—Salable hogs 17,000; total 22,500; general market dull and unevenly 5 to 15, mostly 10 lower than Monday’s average; top 5.25: few load 5.20; good 400 to 500 lbs. packing sows 3.90 to 4.15; light 4.25 to 4.40; shippers took 1.000; holdovers 1,000. Salable cattle 6.000: calves 1,500; fed steers and yearlings strong to 15 higher under light receipts: in stances 25 up against yesterday's low turn: very few toppy cattle in run and relatively few heavy steers: mostly 8.75 to 10.25: few loads 1160 to 1475 lbs. 10.40 to 10.60; load 1170 lbs. 10.75; heifers strong; most fed kinds 8.75 to 9.50: load choice 1124 lbs. 10.25; 1044 lbs. averages 10.00; light supply cows steady along with bull; few weighty sausage bulls 7.25; but that price traded sparingly; veal ers weak to 50 lower; 9.50 top; trade rather freely. Salable sheep 2.000; total 4,500: spring lambs around 25 lower; most good springers 10.25 to 50; fed mostly 9.00 down; bulk around 80 lb. California springers 10.00 choice throwouts 8.50; few shorn old crop lambs 8.00; ewes scarce, steady: old head lights and hand weight natives 3.50 to 75. NEW YORK COTTON NEW YORK, June 18—0P>—Short covering and buying by textile mills boosted cotton futures 10 to 14 points today. The market started lower under Bombay offerings but kept steadily ahead until late realizing pared top prices. Exports Monday 2,664 bales; sea son so far 6,225,631. Port receipts 4,666. Port stocks 2,513,038. Range follows: 1 LIVERPOOL COTTON LIVERPOOL, June 18— W) —Spot cotton quiet, prices 22 points lower. Quotations in pence: American, strict good middling 7.9S;' good middling 7.5S; strict middling 7.43; middling 7.33; strict low middling 7.23; low middling 6.98; strict good ordinary 6.53; good ordinary 6.1S. Futures closed unchanged to 7 higher. July 7.10; Oct. 6.86. POTATOES BALTIMORE, June 18— CP> — Potatoes—(old) — dull. Unchanged. (New)—Strong. Truck: N. C. 100 lb. sacks Cobblers U. S. Is bright 1.40 50; dirty 1.15-35; bu. baskets Cobblers u. S. Is 75-1.00. Kill 100 lb. sacks Cobblers. Rest unchanged. SPOT COTTON NEW ORLEANS, June 18—((FI— Spot cotton closed dull, unchanged. Sales none. Low middling 10.00; middling 11.00; good middling 11.45; receipts 4,504. Stock 605,524. __ ■■* Closing Bond Quotations (By the Associated lJress) GOVERNMENT BONDS Treasury 3 % s 43-41 Mch._103 394 s 47-43 _108.2 394 s 45-43 __- 108.5 394s 46-44 __ 108.30 4s 54-44 . 112.25 294s 47-45 Reg._107.27 294s 45_107.22 3s 48-46 _109.20 394s 49-46 _ 110.6 2s 50-48 _ 102.31 3s 55-51_ 109.11 294s 53-51 _ 102.31 214s 60-55 _ 106.25 2 94s 59-56 105.18 2 94 s 65-60 _ 105.14 Federal Farm Mtg. 3s 49-44 _ 106.31 Home Owner* Loan 3s 52-44 __ 106.18 DOMESTIC AT and SF 4s 95_ 10394 Can Pac 4s Perp - 40% C and O 4%s 92 _-— 119% C P. and Q 4>/2s 77 - 76^ Chi Gt West 4s 59 _ 22 7s Clev Un Term 5%s 72 - 80 Olev Un Term 4%s 77C_ 64% D and R G West 5s 55.. 1% Erie Rf 5s 67 ___ 10% Fla East Cst 5s 74_ 4% Hud Coal 5s 62A _ 27 Hud and Man Rfg 5s 57 __ 39% Int Mer Mar 6s 41 __ 55 M K and T Adj 5s 67_ 4 Mo Pac Gen 4s 75 _ 2 NYC Rf 5s 2013.. 52% Nor Pac 6s 2047 _ 5314 Penn RR Gen 4%s 65_ 99% Seab A L> Cn 6s 45___ 3% So Pac Rfg 4s 55 ... 53% So Ry Cn 5s 94 _- 85% So Ry Gen 4s 56 __ 48% Third Ave 4s 60_ 54 West Md 4s 52 _ 77% FOREIGN Australia 5s 55___ 41 Brazil 6%s 26-57 - 10 French 7s 49_ 97 Ger Govt 7s 49 -- 24% Italy 7s 51 - 59 Japan 6%s 54 _ 88 Orient Dev 5%s 68 _ 52% Rio Gr ]> oSul 6s 68 - 6 CHICAGO GRAIN CHICAGO, June 18—UP)—'Wheat futures moved over a range of about a cent and a half in a dull session today but the close was un changed to 1-2 cent higher than yesterday. At the start wheat futures ad vanced 5-8 to 1 3-8 cents and what action there was took place early in the session under scattered buy ing influenced largely by the up turn in the stock market and less favorable weather and crop com ment from the southwest. Subsequently the market receded from the peaks and steadied around 78 cents for the September wheat contract. Traders showed an inclination to await announcement of the peace terms to be offered the French by the axis powers. Other grains acted in sympathy with wheat and all changes were confined to minor fractions. Most trade in wheat was de scribed as of local character and wheat did not show real weakness at any time during' the session, re flecting traders said, the feeling that the market had been fully liquidated and was in a position to reflect any constructive news. The Winnipeg and Buenos Aires markets were featureless. Kansas City and Minneapolis followed Chi Broomhall estimated the German controlled areas would need 200, 000,000 bushels of wheat this sea son without consideration of t h e losses of this year’s crop in in vaded territory. The European crop summary was generally un favorable, only Italy, Spain and Portugal showing average crops, with rain needed throughout Eur ope and in Australia. Open High Low Close WHEAT: July _ 78 78% 77% 77% Sept ..78% 78% 77% 78% Dec _ 80 80 78% 79 CORN: July ___61% 61Vs 60% 61% Sept _59% 59% 59% 59% Dec _57% 57% 56% 57 OATS: July ..31% 31% 30% 30% Sept _29% 29% 29 29% Dec _29% 29% 29% 29% SOY BEANS: July _76 - - 76 Oct _72% 72% 72% 72% Dec -- - - 73 RYE: July _41% 42 41 41 Sept _43% 43% 42% 42% Dec _45% 46% 45 45 LARD: July _ 5.45 5.45 5.45 5.47 Sept _ 5.65 - -■ 5.65 Oct _ 5.75 —— 5.75 Dec_ 5.87 5.92 5.87 5.92 BELLTES: July _ 6.00 _ _ 6.00 Sept _ 6.90 - - 6.90 N. Y. COTTONSEED OIL NEW YORK, June 18—(/P)—Cot tonseed oil traders operated warily today. Final prices were 1 point lower to 3 higher. Most sales of 70 contracts repre sented switching from one month to another. July closed 5.96b, Sep. 6.09b, Oct. 6.10b, Dec. 6.15b. (B-bid). Crude oil was priced nominally at 5 cents a pound in the southeast and valley and 4 7-8 in Texas. 1 NAVAL STORES SAVANNAH, June 18—(#)—'Tur pentine firm 26 1-4; offerings 270; sales 45; receipts 439; shipments none; stock 10,350. Rosin firm; of ferings 282. all sold; receipts 750; shipments none; stock 168,312. Quote: B. 3.20; D, 3.30 E, 3.62 1-2 to 70 F, G, 3.90 to 4.00; H, I, 4.00; K, 4.00 to 4.05; M. 4.50 to 55; N, 4.90; WG, 5.15; WW, 5.65; X, 5.90. CASH GRAIN CHICAGO, June 18—(®—Cash wheat: sample grade red 77 1-2; sample grade hard 73 1-2. Corn No. 1 yellow 64 1-4 to 65 1-2; No. 2, 64 to 66 1-2; No. 1 white 75 1-2. Oats No. 3 white 34 3-4 to 35. Barley malting 55 to 60; feed 40 to 48; sample grade 40. 1 MIDDLING COTTON NEW ORLEANS, June 18—(A>)— The average price of middling 15 16 inch cotton today at ten desig nated southern spot markets was 16 points higher at 10.70 cents a pound; average for the past thirty market days 10.08 cents; middling 7-8ths inch average 10.51 cents a pound. N. O. COTTONSEED OIL NEW-OP.LEANS, June 18—W— Cottonseed oil closed steady. Bleachable prime summer yellow 6.00n; prime crude nominal July 5.49b; Sep. 5.63b, Oct. 5.64b, Dec. 5.70b. 1 CHARLOTTE COTTON CHARLOTTE, June 18—<£>>—Spqt cotton 10.65. Shipping News CLEARED AND SAILED Cutter Modoc, 1298 tons, U. S. coast guard cutter, on routine cruise off the coast. Motor Vessel City of Salisbury, 274 tons, for Savannah, with cargo of sugar from New York after undergoing repairs at docks of Southeastern Shipping service. IN PORT Steamer (Italian) Villarperosa, 3,621 tons, loading cargo of scrap iron, Cape Fear Shipping company, agents. Yachts Drifter, 87 tons, at Wrightsville Beach. Northwind. 126 tons, at C. D. Maf fitt’s dock at Wrightsville Beach. Barges Harold and Herbert loading car goes of lumber at J. Herbert Bate Lumber company. INWARD BOUND Steamer Panaman. 3,156 tons, from Pacific coast ports via Puerto Rico and South Atlantic ports with general cargo, Cape Fear Shipping company, agents. Barge Proctor from New York with car go of lubricating oil, Southeastern Shipping service, agents. Movie Revues “MY SON IS GUILTY” IS OFFERED AT BIJOU Drama hot from Satan’s own stamping-ground, Hell’s Kitchen! The story of a cop’s son who tried to lick life the “easy way.” Mark ed for death by the queen of the mobsters but fated to die by his own father’s hand! Desperately he lived and shamefully he died, the heart-breaking son of a gallant Dad! Red-hot action and blazing emo tion highlight Columbia’s “My Son Is Guilty,” thrilling new melo drama which opens today at the Bijou Theatre. Bruce Cabot plays the role of the cop’s son turned killer who forsakes the arms of his childhood sweetheart, Jacquel line Wells for the double crosses of gangster - queen Wynne Gibson. Harry Carey turns in another ace performance as the loyal patrol man whose sense of duty costs him the life of his only son. The current chapter of “Drums Of Fu Manchu” and a Cartoon “Daffy Doc” preced the feature on the program. 2 “DRUMS ALONG MOHAWK” IS FEATURED AT ROYAL "Drums Along the Mohawk” promises to be the highspot of the day at the Royal Theatre today. Filmed in the latest Technicolor, with Claudette Colbert and Henry Fonda in the starring roles, this 20th Century-Fox picture brings unsurpassed action, vividly direct ed by John Ford. The story is based on the great best-selling novel by Walter D. Edmonds, oi the stirring days of adventure and romance when America was young. The action is set in New York’s peaceful, beautiful Mohawk Valley and depicts the colonists under the onslaught of the savage Iroquois. Battle scenes in this film reach a pitch of realism and excitement never equalled on the screen. They have been photographed by Bert Glennon, who under John Ford’s direction filmed “Stagecoach,” not ed principally for its fine camera work. A special short subject, “Lester Stevens,” completes the program.2 “DOCTOR TAKES A WIFE” IS OFFERED AT CAROLINA Infectious laughter is the delight ful product of the contagious comedy to be found in Columbia’s “The Doctor Takes a Wife,” hectic hilarious, happy new hit at the Carolina Threatre. With Loretta Young appearing in her first all comedy role — and appearing to greater advantage then ever be fore!—with Ray Milland as her dashing co-star, and a splendid supporting cast which includes Reginald Gardiner, Gail Patrick, Edmund Gwenn and Georges Me taxa, “The Doctor Takes a Wife” is a sure cure for the blues! Miss Young’s metamorphosis from ravishingly radiant leading lady to riotously unrestrained com edienne is a spectacular highlight in a spectacularly hectic hit. Milland, as the young doctor, is forced by circumstances to bill and coo in public with the “wife” he ,has taken, holding for more pri * 1. . i --—1 Morganton’s Mimosa Festival Starts Today MORGANTON, June 18—!ffl— Morganton’s annual mimosa festi val will begin here tomorrow after noon with a band concert and pa rade. Mis Mary Kistler will be crowned queen of the festival to morrow night, preceding the pres entation of a historical pageant. Col. J. W. Harrelson, adminis trative dean of North Carolina state college, will crown the queen. The festival will continue for three days. 1 Man Is Arrested Here For Abducting Children \V. R. Tripp, 35, was arrested here yesterday on charges of kidnap ping three minor children from his former wife in Conway, S. C., dur ing the week-end. H. B. Hardwicke, deputy sheriff, and C. W. Guse, rural policemen, from Horry county, South Carolina, returned Tripp to Conway for trial. South Carolina officers said Tripp would be given a preliminary hear vate moments the battle between them. As though this glowing picture of felicitous domesticity were in sufficient of itself — which, inci dentaly, it definitely is not!—to evoke a new high in audience laughter, the Carolina Theatre’s newest comedy has additional com plications, all of them delightful. Walt Disney is the star of the short program with one of his inimitable cartoons called “The Riveter,’’ the balance of this pro gram is made up of a fine novelty and news. I-■— ing on charges of kidnaping three minor children, all girls, ranging from five to ten years in age, from his former wife in Conway last Sunday. Officers said Tripp had secured a divorce in Florida, was later sued for support of the children, and only recently had fallen behind in his payments. v Tripp had married again and has been working as a mechanic for several months .with a Wilmington automobile concern. During the week-end he went to Conway and slipped away with the children, of ficers said. Mrs. Meier Reports Loss Of Parse Here Mrs. Beulah Meier, dress shop operator, reported to police yester day that while in the Peoples Sav ings Bank and Trust company, she left a purse containing about $59 and about $300 worth of jewelry lying on a counter and that some one removed it while she was at a teller’s window. GENERAL CAPTURED CAIRO, Egypt, June 18—<A“>—The British announced tonight that an Italian general was taken prisoner curing a British raid in Libya June 16 which penetrated the Italian lines so deeply that the officer was cap tured while driving his wife to a ma. .ernity hospital. The captured gen. eral was in charge of an engineers’ corps. MAURICE MOSCOVICH HOLLYWOOD, June 18— — Maurice Moscovich, stage and screen character actor, died today in a hos pital following an operation perform ed last Thursday. BOARD OF COUNTY COMMISSIONERS NEW HANOVER COUNTY WILMINGTON, N. C. Sealed proposals will be received by the Board of County Commissioners of New Hanover County, \\ i mington, N. C. at the office of the Chairman of the Board in the Court House till 3 PM. Eastern Standard Time on Monday, June 24, 1940, at which time the bids will be opened on the equipment as speci fied below to be used in connection with the operation of a roclc quarry to obtain material for the paving of Bluethenthal Airport near Wilmington, N. C. 1_10 inch by 16 inch Plain Bearing Jaw Crusher Mounted on Skids with receiving hopper complete with 24 foot straight bucket elevator of ample capacity, 30 inch by 12 foot screen (3 sections) with 42 inch by 4 foot dust jacket, and approxi mately 30 H. P. gasoline power unit, ail complete with neces sary drives and power transmission equipment. 1 Crowler Type Wide Gauge Diesel Tractor with 18 inch or 18 inch shoes, having approximately 35 draw bar H. P. com plete with 2 wheel pneumatic tires end dump by hydraulicly controlled scraper, having a capacity of approximately 3 yz cu. yds. weight of scraper approximately 4700 lbs. and tractor approximately 11,600 lbs. 1 Gas Engine Driven Air Compressor capacity 85 cu. ft. actual air at 100 lbs pressure mounted on either 2 or 4 wheels. 1 Pneumatic Jack Hammer Blower Type to work with above compressor complete with 50 feet of hose and necessary couplings. 1—3 inch Self-Priming Centrifugal Pump having capacity of ap proximately 325 G. P. M. at 25 foot total head powered by 6 H. air cooled gasoline motor direct connected, or 1—3 inch Self-Priming Centrifugal Pump having capacity of ap proximately 400 G. P. M. at 25 foot total head powered by direct connected 7% H. P. electric motor—220 volt-single phase-60 cycle current available. Bids are requested as follows: (1) New Equipment: bids on any part or all of the equipment giving unit prices of each piece of equipment. (2) Used Equipment: bids on any part or all of the equipment giving unit prices of each piece of equipment. (3) Rental Purchase Plan: Bids will also be received on the fur nishing a part or all of the abqve equipment on a rental purchase basis. Under this plan the sale price is to be given, and the rental price per month, giving the Board of County Commissioners the option to purchase the equipment at any time during the rental period, applying the amount pre viously paid in rental on the purchase price. All bids are to be enclosed in a special addressed envelope marked ‘‘Bids on Quarry Equipment” and delivered to the Clerk of the Board. The County reserves the right to reject or accept any bid, and also to purchase units of equipment from different bidders as may appear to the best interest of the County. A certified check of 2% of the amount bid shall accompany the bid. Signed: THOMAS’ K. WOODY, Clerk Board of County Comm., New Hanover County. Lewis L. Merritt, County Engineer, Wilmington, N. C. The New TELEPHONE DIRECTORY Has Been DELIVERED... But— Don’t use it until after midnight Saturday, June 22nd 0 The new Green-covered directory contains all the new telephone numbers which are not in effect until after midnight Saturday, June 22nd. Continue to use your old Blue-covered directory until after the conver sion on that date. # Calling from memory is likely to result in getting wrong numbers. To avoid mistakes, refer to your directory before calling a number. If you have not received your new direct tory, notify the Telephone Buaineea Office and a copy will be sent you at once. J. R. THOMAS, Mgr. Southerii BellTelephore add Telegraph Cooiproi moOMOIATII _ '