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The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990, February 01, 1941, FINAL EDITION, 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/sn78002169/1941-02-01/ed-1/seq-7/

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Short Covering, Investment Buying
Help Stock Mart To
Regain Balance
RALLYING EFFORT
lacking, HOWEVER
Fractional Recoveries Tacked
On Few Steels, Motors
Oils and Rails
.. FREDERICK GARDNER
,.Fur YORK, Jan. 31—CP>— A
L short covering and some m
1 tment buying helped the stock
ve L to regain its balance to
fv although a strong rallying urge
;as lacking.
fractional recoveries were tack
1 : a few Steels, motors, rails,
L coppers and aircrafts. Minus
011 however, were plentiful at
If finish. Dealings were relative
ly slow. ... ,
The list SO1 off t0 a fairly .go,od
, but stumbled occasionally
S'h final prices, for the most part,
and, ,.Vell under the day's best
"bib were posted in the forenoon.
The Associated Press average
A 60 issues was up .1 of a point at
but still was near the low
arks of last August where it
" pped in the preceding session.
; the month the composite show
7 a net loss of 1.8 points. Trans
its totalled 465.470 shares com
Led with 775,770 Thursday which
was the largest volume since Dec.
i Stee] company aarnmgs state
ments higher automobile output,
expanding retail spending and
realization the market had been
in a downward drift since Jan. 10,
brokers said, served to bring in
some support. Nervousness over
the Hitler speech seemed to have
waned but war fears still were
present as a market handicap and
tax clouds persisted.
A gloomy indicator was seen in
the s°ale of a stock exchange seat
for S27.000. a new low since 1898
and S3.000 under the 41-year bot
tom quotations established in the
pas; several weeks. Notice also
v. as taken of the institution of gov
ernmental priorities lor machine
tool makers b ;ginning Feb. 28 and
a drop of SI a ton in the price of
steel scrap at Pittsburgh.
U. S. Steel was unchanged but
Bethlehem and Republic clung to
fractional advances. Ahead were
Chrysler. General Motors, Santa
Fe, N. Y. Central. Great Northern,
Montgomery Ward. Sears Roe
buck. Boeing. Douglas Aircraft.
Kennecott. American Smelting,
Consolidated Edison, Standard Oil
cl N. J.. and Texas Corp.
The restricted nature of the
day's proceeding was shown by the
fact only 746 individual stocks were
•.laded against 861 the day before.
STOCK AVERAGES
j 3d 15 15 «0
Indus Rails Util Stks
Vi change a.l a.l unch a.l
Friday . 53.0 16.3 34-3 42.1
Free, day- 58.9 16.4 34.3 42.0
Month ago — 62.8 16.4 35.0 44.1
Tear ago- 70.1 18.6 39.2 49.3
1940-41 High . 74-2 20.5 40.6 32.2
1940-41 Low .. 52.3 13.0 30.9 37.0
1939 High ... 77.0 23.8 40.6 53.9
1939 Low .... 58.8 15.7 33.7 41.6
I 60-Stock Range Since 1927
1937-38 1932-36 1927-29
Bi?h.. 75.3 . 72.8 157.7
Low . 33.7 16.9 61.8
WHAT STOCKS DID
Fri Thu
Advances__ 257 47
Declines.. 259 677
L'nchanged . 230 137
Total issues . 746 861
FOREIGN EXCHANGE
NEW YORK, Jau. 31—(iP)—The
German benevolent mark jumped 1
cents to 20 United States cents
today.
Foreign exchange brokers expiain
the rise was due to recent im
provement in the German registered
tnsrk, from which the benevolent
mar,; ts derived. The benevolent
■nark is used for charitable and
°ther non-commercial remittances
to Germanx .
Swiss banks, the main source
n| supply for registered marks, have
been reluctant sellers lately, a devel
opment associated with fears the
United States planned to sequester
8,1 foreign funds.
The commercial Swiss franc dipped
rj "1 U. S. cents. Other major
rates were unchanged.
'-losing rates follow (Great Britain
dollars: others in cents:
Canada: Official Canadian control
ar<l rates for u. S. dollars; buy
* 1(1 Per cent premium, selling 11
1 f(end Premium, equivalent to dis
- n s 011 Canadian dollars in New
>k of buying 9.91 per cent, selling’
”53 Per cent.
toark'^laa tlollar in New York open
s,..'e IT 1-4 per cent discount or
C- S. cents.
Vl8r,Urrjpe: Great Britain, official
tl,AIS foieiSn exchange committee
buNing $4.02, selling $4.04;
>nan-^a'ket’ cabIes $4-03 1-2; Ger
land o -07* (benevolent) 20.00; Fin
lj.. ",Jon: Greece ,68n; Hungary
’ Ital-V TOO: Portugal 4.01;
W,," :3,85: Switzerland 23.25 <x):
™avia 2.33n.
!3.77-tif1. Ameiica: Argentine official
free - r'A6 23’C2: Brazil official 6.05n;
Ilf-Mexico 20.70n.
24 ev.! rf?4SI' JaPan 23.48; Hongkong
<RatS:Shai 5'55
n spot cables unless other
'■ nttltcated).
""Nominal.
Fr" commercial transactions.
!v’EWN^ vORK buttee
ter 415p4°QRK> Jan. 31.—W-But
ll'gher than L steady- Creamery
tnartu it , f SCore and premium
Jttairkett 3i 3'4: 92 score cash
? t-2 to •>n 88 to 91 score
‘m 29, 1 '3; to 87 score
5,
CHICAGO GRAIN
CHICAGO, Jan. 31— (fl — The
wheat market was steady in tone,
but a dull listless affair otherwise
today. Trading, aside from a brief
flurry at the start, dragged weari
ly along without much life to it.
Prices advanced as much as 1-2
cent at the opening on buying in
duced by belief the declines pre
vailing for the last seven consecu
tive market days had run their
course. However, the market sag
ged soon and most of the day found
little change.
A flurry of selling at the close
depressed prices for the eighth
consecutive day to below the pre
vious close. Declines were small
and the range was unchanged to
1-4 cent down, May 82 3-8 to 1-4,
July 76 3-8 to 1-4; corn 1-4 to 3-8
down, May 61 1-4 to 3-8, July 61
1-2; oats unchanged to 1-8 higher.
Selling came chiefly from houses
with connections southwest and
was generally light and trifling.
Fairly liberal buying by a big Chi
cago operator offset the selling.
Open High Low Close
WHEAT:
May-, 82% 82% 82% 82%
July- 76% 76% 76% 76%
September — 76% 77 76 76%
CORN:
May - 61% 61% 61% 61%
July- 6155 *2 61% 61%
September __ 61Z 61% 61% 61%
OATS:
May_ 35% 36 35% 35%
July_ 32% 32% 32% 32%
September - 32 32 31% 31%
SOYBEANS:
May _ 95 95 94% 95%
July_ 91% 92% 91 91%
RYE:
May_ 43% 44% 43% 43%
July _ 45% 45% 44% 44%
September _ 45% 46% 45% 45%
LARD:
March .... «.40 6.42 6.40 6.42
Mav _ 6.50 6.60 6.50 6.60
July -- 6.70 6.75 6.67 6.75
September 6.87 6.95 6.87 6-95
STOCKS IN THE SPOTLIGHT
NEW YORK, Jan. 31.—(.Tl—Sales,
closing price and net change of the
fifteen most active stocks today:
US Steel 12.900—62: no.
Gen Mot 7,600—43%; a %.
Colum G and E 6,300—4 A ; d /«.
Atchison 6,200—21%: a %.
Anaconda 6.100—23%: no.
South Pacific 5,900—9; no.
Para Piet 5,800—10% ; a %.
Unit Grs Imp 5,600—9%: a %.
Curtis; Wright 5,300—8%: no.
Repub Stl 5,000—19%: a %.
Radio 5,000—4%; no.
North Am Co 4,700—15%: d %.
N Y Central 4,600—12%: a %.
Packard 4,500—3: no.
Comwltfc Edls 4,500—28%; no.
PEANUTS
SUFFOLK, Va. Jan. 31.—(^P)—
Peanut quotations: Jumbos 3 1-4
to 3.40; buncli 3 1-8 to 31-4; run
ners 3 to 3 1-8. Market continues
strong.
CHICAGO LIVESTOCK
CHICAGO, Jan. 31.—CP)—(U. S.
Dept. Agr.)—Salable hogs 17,000; to
tal 20,500; slow, generally 25 to 40
lower than Thursday’s average; top
8.15; bulk good and choice 180 to 240
lbs. 7.85 to 8.15; most 240 to 270 lbs.
butchers 7.70 to 8.00; 270 to 320 lbs.
generally 7.50 to 85; most packing
sows 450 lbs. down 7.00 to 35; heavier
weights costly 6.75 to 7.10.
Salable cattle 1,000; calves 500;
only meager crop fed steers and
yearlings here; trade very dull; semi
demoralized on good grade offerings
suitable for shipping purposes; no re
liable outlet even on medium grades
except at weak to unevenly lower
prices; such cattle selling 9.00 to
75; few loads strictly good steers held
well above 12.00 but not sold; very
fleshy good grades medium weight
steers 11.75, these 50 under week’s
best time; prospects moderate carry
over; all other classes steady; cows
in fact fairly active with cutters at
5.00 to 75 and feed cows 6.75 to 7.25;
most sausage bulls 7.60 downward:
small local killers taking built of
crop; mostly 13.50 down on vealers;
few select 14.00; light vealers 9.00
to 12.00.
NEW YORK COTTON
NEW YORK, Jan. 31.—(jP)—Ad
vances of 4 to 8 points in cotton fu
tures today mirrored heavy demand
for cotton textiles, especially from
the industrial trade.
Turnover in print cloths and re
lated items in Worth street was esti
mated at above 10,000,000 yards.
Goods sold for delivery through July
and popular numbers brought a %
cent a yard premium for nearby de
livery.
Exports Thursday 7,245 bales; sea
son so far 671,807- Port receipts 20,
236. Port stocks 3,470,951.
Range follows:
Open High Low Close
Mch 10.38 10.40 10.36 10.39 Up .04
May __ 10.40 10.41 10.36 10.40 Up .04
July 10.27 10.29 10.25 10-27nUP .04
Oct_ 9.78 9.79 9.76 9.79 Up .07
Dec „ 9.74 9.75 9.72 9.75 Up .07
Jan — 9.71 9.72 0.71 0.72nUp .08
n-Nominal.
Spot nominal; middling 10.92.
NEW ORLEANS COTTON
NEW ORLEANS. Jan. 31.—(iP)—
Trade buying, covering and favorable
textile reports, strengthened cotton
futures here today. The market
closed steady at net gains of 5 to 8
points. „
Open High Low Close
Meh - 10.41 10.43 10.41 10.42 Up 5
May — 10.44 10.44 10.41 10.43b
Jultf 10.31 10.32 10.30 10.31b
Dct 9-80 9.82 9.78 9.82 Up 8
Dec 9.76 9.76 9.76 9.78b
Jan - 9.72b - - - - 9.74b '
Mch ’42 9.69b- - 9.71b
b-Bid. _
CHARLOTTE COTTON
CHARLOTTE, Jan. 31—(Jl—Spot
cotton 10.40
i Closing Stock Quotations
by the associated press
1 Adams Exp_ 6
Air Reduct_”
Alaska Jun_;_” 4 5-8
A1 chem & Dye_1-4
Allis Chal Mfg _ go
Am Can _ g
Am Car Fdy __ _ 07 7-8
Am For Pow _13_16
Atn Pow and Lt___ 2 1-2
Am Rad and St S_ 6 5-8
Am Roll Mill __. 14
Am Smelt and Ref_39 3.8
Am Sug Ref _™”~”~ 14 i.g
AT and T-183 7.8
Am Tob B-;_;i 5.8
Anaconda__ 23 3-4
Arm 111_ ~ 5
AT and SF-21 5-8
ACL - 3.4
Atl Ref_23
Atlas Pow___68 1.4
Aviat Corp_ 4 1-4
Baldwin __15 5.8
B a O - 3 3.4
Barnsdall _ 8 1-2
Bendix Aviat _35 1-8
Beth Steel _82 1-4
Boeing Airpl ___16 3-8
Borden _ 19 5-8
Borg Warner _17 3-8
Briggs Mfg_ 22 1-4
Budd Mfg _ 4 1.4
Budd Wheel___ 6 1-2
Burl Mills _._17 i.g
Bur Add Mach _ 8 1-8
Calumet & Hec__ 6 1-2
Can Dry_ 13
Can Pac___ 3 1.2
Cannon Mills _36
Case J I _50
Caterpil Trac__ 44 1-2
Ches & Ohio _41
Chrysler _65 1-8
Coca Cola _;__101 1-2
Colum G and E _ 4 1-4
Coml Credit _28 1-2
Coml Solv _ 9 3-4
Comwlth and Sou_ 11-16
Consol Edison _22 1-8
Con Oil _:_._ 5 5-8
Cont Can _ 37
Corn Prod_;_46
Curtiss Wright __ 8 1-4
Curtiss Wright A _27
Del Lack and W_ 2 7-8
Douglas Aircraft_71
Du Pont_150 1-4
Eastman Kodak _153
Elec Auto Lt _. 3 1-2
Firestone _ 16 5-8
Freeport S'ul _ 35 3-8
General Electric _ 33
Gen Foods_ 36
Gen Mot_43 1-8
Gillette___ 3 3-8
Glidden _ 13 5-8
Goodrich_12 7-8
Goodyear _17 3-8
Graham Paige_._ 15-16
Gt Nor Ry Pf_ 25 5-3
Hud Mot_- *
Hupp Mot_.__ 1-2
111 Cent ... 7 1-8
Int Harvest_48 1-2
Int Nick Can --24 1-8
Int Tel and Tel_ 2 1-4
Johns Man_-— 56 3-4
Kennecott- 32 1-8
Libby O F G1_ 35 3-8
Ligg and Myers B_94 1-2
Loews _31 3-4
Loft _1« l'2
Lorillard _19
Louis and Nash i_65
Mack Truck __29
McCrory Stores_14 1-8
MOnt Ward -36 1-4
Murray Corp _ 6 3-4
Nash Kelv _ 4 3-8
Nat Biscuit _17 1-4
Nat Cash Reg_13 1-8
Nat Dairy Prod _13 1-4
Nat Dist_ 27
Nat Lead _16 3-8
Nat Pow and Lt _ 6 1-2
N Y Cent_12 7-8
No Am Aviat_1_15 5-8
Nor Pac _ 6 3-8
Ohio Oil _ 7
Otis Elev ___16
Pac G and E__;__28
Packard _ 3
Param Pix _:___10 5-8
Parain Pf_ 98
Penney J C___80
Penn Dix _ 2 5-8
Penn Railroad _22 3-8
Phillips Pet- 36 1-2
Pitt Scr and B. 6 1-8
Public Service N J_28 1-8
Pullman _ 24 7-8
Pure Oil_ 7 5-8
Radio _ 4 i-2
Rad K O - 3 1-4
Remington Rand - 8 5-S
Republic Steel _19 1-8
Reynolds B-— 33 1-2
Sears _ 72 5-8
Shell Un .10 1-2
Socony Vac _ 8 7-8
Southern Pacific_- 9
Southern Railway _- 12 3-4
Sperry_34
Standard Brands _1_6 1-8
Standard Oil Cal _19 1-8
Std Oil Ind..— 27
Std Oil N J .- 33 5-8
Stewart Warner_ 7 3-3
Studebaker _ 7 1-8
Swift _ — 22 1-2
Tex Corp _ 37 5-8
Tex Gulf Prod _ 3
Texas Gulf Sul_36
Timken Det Ax _30 1-4
Transamer _ 4 5-8
Trans & West Air_14 1-2
Un Carb__-. 64 7-8
Un Pacific _81
Unit Aire _ 37 3-4
Unit Corp _ 1 1-4
Unit Drug - 4 3-8
Unit Fruit _ 64 3-4
Unit Gas Imp - 9 3-4
US Ind Alco _24 1-2
US Pipe . 28 1-2
US Rubber . 20 1-4
US Smelt & Ref_59
US Steel _ 62 5-8
Vanadium _ 29 3-4
Warner Pic - 3
West Mary _3 1-8
Western Union _19 7-8
West Elec and Mfg .95 1-2
Wilson - 5
Woolworth _31 5-8
Yell T and C.. 14 1-4
Youngs S and T_ 35 3-4
Total sales 465,470.
CURB
Asso G «fc El A - 1-16
Can Marconi - 9-16
Cities Service _ 4 3-8
El Bond & Share_ 3 1-2
Gulf Oil . S3 l-4
OFFERINGS REDUCE
MANY BOND PRICES
Scattered Rails Contest Trend
And Few High-Priced In
dustrials Also Resist
NEW YORK, Jan. 31.—(iP)—Mod
erate offerings were enough to de
press most sections of the bond mar
ket by fractions to around a point
today. Scattered rails contested the
trend and a few high-priced indus
trials likewise resisted.
The Associated Press average of
all groups was down from .1 to .4 of
a point with the exception of the
low-yields, which were up .1 at 114.1.
Sales of $6,681,400, par value, com
pared with $7,915,900 the day before.
Brokers said the fresh recession,
coming after several days of back
ward tendencies, was due, apparent
ly, to the temporary lack of invest
ment and speculative interest. Many
commentators attributed it to ap
prehension over the turn of affairs
in Europe.
On the losing side were, among
others, Central Pacific 5s at 49 1-8.
International Telephone 5s at 39, Col
orado Fuel & Iron 5s at S3, American
& Foreign Power 5s at 53 5-S, Nickel
l Plate 5 l-2s at 71 3-4 and Western
Union 5s at 76 1-4.
Moving up moderately were Wal
worth 4s, Southern Railway 4s,
Southern Pacific 4 l-2s, International
Telephone 5s, St. Paul 5s, and Rock
Island general 4s.
U. S. governments were offered
in small quantity throughout the
day and ended down 1-32 to 23-32 of
a point.
Losers in the foreign group in
cluded Buenos Aires 4 3-8s Australia
4 l-2s and Milan 6 l-2s.
CASH GRAIN
CHICAGO, Jan. 31.—(Jl—Cash
grain: Wheat No. 1 hard 89 1-4;
No. 2, 88 3-4 to 89; No. 2 mixed
89.
Corn: No. 5 mixed 56 to 59; No.
2 yellow 64 1-4; No. 3, 60 3-4 to
62 3-4; No. 4, 58 to 61 1-2; No. 5,
56 1-4 to 58 1-2; sample grade
white 51 to 55 3-4.
Oats: No. 1 read heavy 37 3-4:
No. 1 mixed heavy 38; No. 1 mixed
extra heavy 37 3-4: No. 1 white
heavy 38 3-4; No. 3 white 37 1-2;
No. 3 white heavy 38 to 38 1-4;
sample grade white 37 1-4.
Barley: Malting 56 to 66 nom:
feed 42 to 52 nom; No. 1 malting
63; No. 2 malting tough 66.
Soybeans: No. 2 yellow 99; No.
3, 98 3-4 to 1.00 1-4; No. 4, 94 3-4 to
96 1- .
Field seed per hundredweight
nominal:
Timothy 4.00: alsike 9.50 to 12.00:
fancy red top 7.50 to 8.00; red
clover 8.00 to 10.00; sweet clover
3.50 to 4.00.
RICHMOND LIVESTOCK
RICHMOND. Va„ Jan. 31—CP)—
(USDA)—Livestock: Hogs 7.75. Good
and choice ISO to 225 lbs. 7.55 to 7.75!
100 to 120 lbs. 5.75 to 6.25: 120 to 140
lbs. 6.25 to 6.75; 140 to 160 lbs. 6.75
to 7.20; 160 to 18C lbs. 7.20 to 7.55;
180 to 225 lbs. 7.55 to 7.75; 225 to
250 lbs 7.05 to 7.55; 250 to 300 lbs.
6.75 to 7.25; over 300 lbs. 6.65 to 7.15.
Sows under 350 lbs. 6.00 to 6.50; over
350 lbs. 5.50 to 6.00.
Cattle: Steers slow. Medium and
good slaughter kinds 9.00 to 10.00.
Fat dairy cows 5.25 to 5.75 with tan
ners and cutters 3.50 to 4.50. Sausage
bulls 6.50. Vealers steady. Good near
bys 12.00 with some choice up to
12.50, mediums 8.00 to 9.00.
CHICAGO POTATOES..
CHICAGO, Jan. 31—UP>— (U. S.
Dept Agr.)-Potatoes, arrivals 77;
on track 423; total U. S. shipments
917; old stock supplies heavy; de
mand light; market about steady
cn best stock; Idaho Russet Bur
banks U. S. No. 1, 1.40 to 55; Ne
braska bliss triumphs U. S. No. 1,
1.40 to 45; Minnesota and North
Dakota cobblers 85 to 90 per cent
U. S. No. 1, 1.00 to 05; Bliss Tri
umphs 70 per cent or more U. S.
No. 1,85 to 1.25; Wisconsin round
whites U. S. No. 1, 90; New stock
supplies moderate; demand very
slow; market dull and weak; Flor
ida bushel crate bliss triumphs
U. S. No. 1, 1.50 to 65. 5
DRY GOODS
NEW YORK, Jan. 31.—W—De
mand for cotton goods today em
braced practically every type of
material. Between 5,000,000 and
6,000,000 yards of print cloths were
sold, with a tightening delivery
situation holding sales in check.
Mills asked 5 3-4 cents a yard for
64X64, or 1-8 of a cent increase.
Demand for woolen piece goods
was brisk, especially fabrics for
summer suitings. Substantial sales
were reported for standard type
of rayon good and business in
finished goods was encouraging. 5
Closing Bond Quotations
BY THE ASSOCIATED PRESS
Treasury
3Us 46-44 -108.19
4s 54-44 _____113.1
4 !is52-47 -120.28
2s 47 ..106.4
2s 50 - 48 ___105.
3%s 52-49 _113.3
2%s 53-49 ___106!9
2%s 54-51 -108.18
214s 53-51 -104.11
2s 55-53 -102,16
2%s 56-54 _104.8
2%s 6C-55 _;_109.
2vis 65-60 _...108.5
Federal Farm Mtg.
3s 47-42 -103.
DOMESTIC
A T and SF 4s 95s_109%
B and O Cvt 4%s 60_17
Can Pae 4s Perp_” 54%
C and O 4%s 92 ... 131%
Chi E 111 5s 51. 15%
Chi Gt West 4s 59_32%
CRI and P Rfg 4s 34_ 7%
Clev Un Term 5%s 72 _88%
Clev Un Term 4%s 77c_71%
D and RG West 5s 55_ 1%
Erie Rt 5s 67 _18
Fla East Cst 5s 74 _ 7%
Hud Coal 5s 62A___3014
Hud and Man Rfg 5s 57 _ 47%
lnt Mer Mar 6s 41 _731*.
L. and N 4%s 2003 _100
MK and T Adj 5s 67_ 414
Mo Pac Gen 4s 75__ 1%
NYC Rf 5s 2013 .1 C5%
N and W 4s 96 _127%
Nor Pac 6s 2047 _07
Penn RR Gen 4%s 65 ..-””1107%
Phil Read C and I cv 6s 49 __ 41/,
Sal Cn 6s 45 __514
So Pac Rfg 4s 55_.'”1111 61%
So Ry Cn 5S 94 _91%
So Ry Gen 4s 56_61%
Third Ave 4s 7q _61
West Md 4s 52 .. “ 9->14
FOREIGN
Australia 5s 55_58%
Australia 4%s 56 _” 51%
Belgiui 1 7s 55_” 52%
Brazil 6y2s 26-57 _15%
Ger Govt 7s 49_2_10%
Italy 7s 1951 _45
Japan 6%s 54_63%
Orient Dev 5%s 58_40
Rio Gr Do Sul 6s 68_ 8%
SHIPPING NEWS
CLEARED AND SAILED
Tanker
C. B. Watson, 3,382 tons, for
Smith Bluff after discharging car
go of gasoline and petroleum pro
ducts for the Cape Fear Terminal
company.
_
IN POUT
Barge and Tow
McLean, 314 tons, in tow of Tug
Cynthia, discharging- cargo for Naco
Fertilizer company.
INWARD BOUND
Steamers
Steamer
Dakotan, 3.154 tons, from Pacific
coast ports via Puerto Rico and
South Atlantic ports with general
cargo for Cape Fear Shipping com
pany.
Marjory, 1,394 tons, from Texas
City with cargo of potash, C. D.
Maffftt and company, agents.
Maltran, 2,125 tons, from Port
Tampa with cargo of phosphate
rock, Heide and company, agents.
Tankers
Esso Bayonne, 4,652 tons, from
Baytown with gasoline for Standard
Oil company.
Republic, 3.229 tons, from Texas
City, with cargo of gasoline and pe
troleum products for the Republic
Oil company.
Phoenix, 3,511 tons, from Hous
ton with cargo of gasoline and pe
troleum products for the Shell Oil
company.
NEW YORK SUGAR
NEW YORK, Jan. 33—CP>—Do
mestic sugar futures were up 1
tc 2 points today on sales of 2,850
tons.
The world list finished unchang
ed to 1 up on sales of 2,450 tons;
,73B, May .76 1-2B.
Philippine raws totaling 4,200
tons, part in the spot position, sold
at 2.95 cents a pound, up one point,
Other offerings were available at
2.97 to 3 cents.
Metropolitan interests placed
large orders for refined sugar as
the 4.40 cent price expired. Tomor
row the base will be 4 15.
No. 3 range follows:
High Low Close
March . 2.01 2.00 2.01B
May . 2.07 2.06 2.06B
July . 2.11 2.10 2.11B
B-Bid.
NEW YORK METALS
NEW YORK, Jan. 31—LP)—Cop
per steady, electrolytic spot Conn.
Valley, 12.00; export, FAS N. Y.
10.50 to 12.00. Tin firm, spot and
nearby 50.50, forward 50.50. Lead
steady, post, New York 5.50-55;
East St. Louis 5.35. Zinc steady.
East St. Louis spot and forward
7.25. Quicksilver 169.00 to 171,000.
Pig iron, aluminum, antimony,
platinum, Chinese wolframite and
domestic scheelite, unchanged.
NEW YORK EGGS
NEW YORK, Jan. 31.— (ft— Eggs
10,624. Mixed colors fancy to extra
fancy 19 1-4 to 21 extras 19;
graded firsts 18 1-4; current re
ceipts 17 1-2; seconds 17 to 17 1-4;
mediums 17 to 17 1-4;. dirties No.
1, 17 to 17 1-4; average checks
16 to 16 1-4. Refrigerator, standards
16 1-2 to 17; firsts 16 to 16 1-2;
seconds 15 to 15 1-2; mediums
14 1-2 to 15.
BALTIMORE HOGS
BALTIMORE, Jan. 3—(if)— (U.
S. Dept. Agri.) Hogs 500. Mostly 5
lower than Thursday; good and
choice 180 to 240 lbs. 8.40 to 65;
practical top 8.65; 150 to 180 lbs.
8.20 to 45; 250 to 300 lbs 8.15 to
35; 150 to 160 lbs 8.00 to 25; 140
to 150 lbs. 7.85 to 8.10; 130 to 140
lbs. 7.50 to 75; 120 to 130 lbs. 7.30
to 55; packing sows 6.35 to 85. 5
‘DEATH CURVE’
SIGNS ERECTED
Mayor Cooper’s Request Is
Met By State Highway
Commission
Acting swiftly on the heels of
a letter from Mayor Thomas E.
Cooper calling its attention to the
hazardous traffic condition at that
point, the state highway depart
ment yesterday began erection of
safety warning reflectors on the
straight-away approaches to the
South Third street curve, near
Greenfield lake, where one man
was killed and two others critic
ally injured in an auto smash-up
early Wednesday morning.
Orders to place the brilliant
reflector lights immediately were
issued from the local maintenance
offices of the highway depart
ment. Mayor Cooper’s letter Wed
nesday was addressed to the Fayet
teville office of the department’s
divisional engineer.
The police-styled "death curve”,
a sharp one, is located a short
distance beyond the city limits on
Third street, immediately south
of the Mill Creek bridge. The ac
cident-death there Wednesday
morning of a young Georgia en
gineer employed at Holly Ridge,
was the second fatality at the point
in 24 months, police records dis
closed. No less than ten other per
sons have been injured in auto
accidents there in the same period
of time, the record shows.
In his letter to the divisional
engineer, T. T. Betts, Mayor
Cooper cited the accident reports
and labelled the curve a menace
to traffic safety. The mayor
asked the highway department to
take appropriate action to make
that section of the highway ap
proach to Wilmington a more
safe one.
The reflector lights being in
stalled yesterday will serve to cau
tion night motorists of the treach
erous,.almost right-angle turn. By
reflection, the lights will trace an
unmistakable pattern of the curve
ahead long before the travelling
vehicle is on the turn.
Police investigation of accidents
at that point have indicated, in
most instances, that the driver
failed to slow his speed upon
approaching the curve, too late
realizing the sharp angle in the
road.
Advised by the highway de
partment yesterday morning that
the curve was being adequately
posted, Mayor Cooper expressed
his appreciation for the depart
ment’s quick recognition of the
hazard.
CHICAGO BUTTER
CHICAGO, Jan. 31.— M—Butter
receipts 693,256; steady; creamery
90 score 29 1-4; other prices un
changed.
Eggs, receipts 10,441; steady;
fresh graded, extra firsts, local
17 1-4, card 17 1-2; first, local 17,
cars 17 1-4; other prices un
changed..
NAVAL STORES
SAVANNAH! Jan. 31.—(#)—1Tur
pentine 37 1-2; offerings 8; sales
400 gallons; receipts 28; shipments
17; stock 10,419 rosin offering
85 all sold receipts 303; ship
ments 632; stock 170,1 '-6.
Quote: B, 1.55; D,E,F,G, 1.64;
H, 1.67; I ,1.74; K, 2.01 M, 2.09
N, 2.25; WG, 2.55 WW,X 2.76. 5
CHICAGO LAKD
CHICAGO, Jan. 31.— UR—Lard
tierces 5.20; loose 5.57; bellies
11.25. 5
EXCHANGE CLUB
DISCUSSES RENTS
Effect Of Camp Davis On
Wilmington Talked At
Civic Luncheon
A round-robin discussion of the
effect Camp Davis and the ship
yards will have on the life of Wil
mington was argued in yesterday’s
luncheon session of the . Exchange
club.
Bernard Soloman served as pro
gram chairman and led the discus
sion. Clayton Holmes was the first
speaker and said that the effect of
the new developments is already be
ing felt in the city. He reviewed
the main topics stressed by Col.
L. R. Simpson in his address before
all the civic clubp, and remarked
that taking "advantage of the gov
ernment choosing this location dur
ing the emergency will prove no
advantage to us.”
Robert Dannenbaum gave an ex
ample of his own rent being raised
with no repairs to the house in sev
eral years having been made. He
said that as a business man in the
city he has seen no appreciable in
crease in business to offset the rise
in rents. Most of the people work
ing for the new developments, he
said, have come off the farms where
they already owe debts, and unless
Wilmington cooperates in helping
them pay back their debts, the en
tire community will suffer.
Sam Berger suggested that a com
petent man be put in control by the
city commissioners to raise the taxes
if the property had increased in val
ue for the landowner to raise the
rent. He said that the stores have
had to put new help for the new
era, but that the city has not even
added policemen to look after the
law.
Backing the city-manager plan as
a possible solution was suggested,
and Alex Hoffmann pointed out that
no law exists to curtail the rent in
creases.
Taking the side of the real estate
dealers, Wilbur D. Jones said peo
ple should familiarize themselves
with the real conditions before mak
ing decisions. “When things react
badly with rents, the real est te
man gets the blame,” he said. "I e
cently a lady called me, in fact,
quite a number of people, and said
the mayor had referred her to me
because her rent had gone up, and
I am chairman of the fair rental
proposition on the city's defense
setup. I have no authority to make
her landlord come down,” he said.
Too much property in Wilmington
is already over-taxed, he said, and
too much goes tax free.
The Rev. R. H. Satterfield, guest
of the club, spoke briefly on the
moral aspects of the Camp Davis
community. “I spent three years in
the United States Army,” he said,
as an introductory remark. “About
95 per cent of the boys coming to
Holly Ridge will be young men, not
old, hardened soldiers. The majority
of them will come from good homes
and have not known an immoral en
vironment. It is up to the city to
create a moral and spiritual en
vironment to send the boys bacK
the same type they came.” --
Any man that .debauches tiles*
young men is playing directly/ M
the hands of enemies, he said, for
to be a good soldier, a man (gust
be well in mind, body and mortis.
Jack Fussell, chairman of ' th*
model aviation committee, reported
that Lloyd Hathaway, reputed tt|
be one of the best model avikfteia
authorities in the country, andfjnoxr
located in Winston-Salem with th^
city's recreation department, hks ac
cepted directorship of the Model
'.viation meet to be held in Wil
mington this year. An unaffiliated
model aviation club has already
been formed at the high school aiid
has about 35 members, he said: Thi*
group will meet next week to' don
sider the scope the club will covgr,
whether high school age boys, scjty
boys or the entire county. Lateral®
will affiliate itself as an AMA-^lub
in order to compete in the summer
meet.
Hathaway will meet with a. corns
mittee from the Wilmington .Ex
change club February 16 in Greena«
boro to outline the flight events*
classifications and type of flight*
Fussell said. The Winston-Salem
club had agreed to bring several
experienced aero modelists to Wil
mington in the near future.
Bernard Soloman announced that
several model airplanes will be dem
onstrated Sunday afternoon at )
o’clock at the airport.
Army Order*
WASHINGTON, Jan. 31. — <£>>-•
Army orders today:
Lieutenant Colonels
George R. Owens, CAC, Little Rock
to Camp Davis.
Roy S. Gibson, CAC, Camp Uptoli,
to Camp Davis.
Majors
Braxton de G. Butler, QMC., For*
Benning to Camp Croft.
Roy Lloyd Cecil, Od. Res., ColuBOs
bia, S. C., to duty, Fort Bliss.
Captains
James E. Poore, Jr., Fort Jacks
son to Camp Croft.
John F. Anthony, Jr., FA-, Fori
Sill, to Fort Bragg.
John W. Fischer, FA., Fort Sill
to Fort Bragg.
James T. Lyons, MAC., Denver
to Camp Croft.
QUARANTINE
LEXINGTON, Jan. 31.—UP)—'Th«
municipal board of commissioners,
in an effort to stamp out rabies,
instituted a 90-day quarantine of
dogs. The police departments has
been given orders to shoot all 4°SS
running loose on the streets. 1
RECRUITING OFFICE- .
MEXICO CITY, Jan. 31.^Wl-i
The ministry of defense annoiiaced
today a recruiting office has. been
created for speeding application
of the recent conscription law"'.sub*
of he recent conscription law sub*
jecting all Mexicans to military
service. It will open tomorrow'.
______________ I
NEW YORK POULTRY
NEW YORK, Jan. 31.—UPM-Luve
poultry, by freight: Slow.. Chicken
colored 17 to 18. Fowls, colored
19 to 20; leghorn 17 to 18. * Old
roosters 14. Turkeys, hen* 25;
'young toms 19. Ducks 17. —■ 5
SIDE GLANCES
jCOWt toil BY WCASCayiCE, IW6. T. M. REa U. S. FAT. Off, f-5» |
“He’s impossible! I gave him my best smile, but all he
noticed was my bridgeworkl”
SUPERMAN No Time To Lose By Jerry Siegel and Joe Shuster;
B5NRY NOBLE WONT JS>
: ANOTHER CONBTTajCT-l
EDEE UNTIL HIS PROJECT
INDER WAY IS COMPLETED.
EVE I'LL LOOK THE
CBAPEEOVEB.
_—-__^
MR. FOREMAN,!
HOW LONG WILL IT ^
|BE BEFORE THIS JOB
MS FINISHED ?^^J|
i A MONTH AT SJ
THE VERY LEAST J
> A MONTH, EH ? THAT
/ WOULD BE TOO LATE TO
> DO EUSTACE WATSON
n ANY GOOD, SO- HERE ,
fepynghf 1941. McCtuf N«wip«pf Syndic*'*

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