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UNEVEN action NOTED IN BONDS Rails Unsteady But Other Corporate Liens Show Firmness «£\V YORK, March 8._Iff)._ Action was uneven in the bond market's rail group today and ())er corporate lines were steady. °"a fair number of carrier loans pushed up to new highs for the year. Among the strongest, up a point or so, were Atlantic Coast Line collateral 4S which closed at f! 3.4 Central of Georgia 5 1-2S 13 1-4. Baltimore & Ohio 2000S sl 42 and Boston & Maine 4 1-2S at 48 1-2. Other gainers included bonds of Missouri Pacific, N. Y. Central, Pennsylvania and Seaboard Air Line Some issues of the St. Paul dipped fractionally on selling at tributed to the failure of the Su preme court to hand down the St. Paul “test case” reorganization decision. Colorado & Southern issues moved np sharply on court ap proval of a debt adjustment plan. Market dealings continued heavy, totalling $17,143,800 face value against $17,366,000 Friday. In the foreign department, South American bonds extended their recent rise. U. S. governments were steady. BOND AVERAGES 20 10 10 10 Rails Indus Utl For Net Chg'._ unch a.I unch a.4 Mon_ 75.1 104.7 101.6 58.5 Ptev. day ... 71.5 104.6 101.6 58 1 Week ago- 71.0 104.7 101.5 57.4 Month ago — 67.8 104.6 100.7 56.0 Year ago- 64.4 102.6 96-9 44.2 high- 71.5 104.8 101.8 58.5 Yjft tow - 64.6 103.8 98.0 53.2 Mltegh_ 66.2 103.8 100.6 53.3 j942 low_ 59-4 102.6 93.6 41.5 10-Low Yield Bonds Mon--- 113.5 Meek ago - 113.7 Month ago- 113.6 1943 high - 113.9 1942 high - 113.2 Prev. Day_ 113.6 Year Ago - 112.0 1943 low- 112.6 1942 low - 111.7 -V NEW YORK COTTON NEW YORK. March 8—(A*)—Cot ton futures closed 15 to 25 cents a bale higher today on buying attri buted to trade expectation that legislation calling for higher farm prices would be passed by con gress. Aggressive price-fixing, commis sion house buying and demand from Southern interests easily absorbed early liquidation following the an nounced 10 per cent increase in cotton acreage plantings. The range of futures follows: Open High Low Close Mch ... 20.25 20.38 20.25 20.23 up 5 ivlav . 20.12 20.24 20-12 20.21 up 3 Jly .. 199.91 20.06 19.91 20.01 up 3 Oct 19.66 19.84 19.66 19.81 up 5 Dec .. 19.60 19.76 19.60 19.71 up 4 Jan ...___19-65uup 3 Spot middling 22.02n, up 6. N—Nominal. -V DRY GOODS NEW YORK, March 8.—'to— Textile activity was slow today as the trade details on the war pro duction board simplification or der which was expected to affect about 20 percent of all the looms in fie Industry. tte order, effective next July 2, "as expected to permit most Mills to make the changeover on looms easily because few were sold up beyond June 30 on cur rent contracts. Trade in rayon goods continued l!f>bt with the industry looking for drastic simplification in the num ber of rayon contructions. -V RALEIGH POULTRY-EGGS RALEIGH. March 8.—(to— (NC “Ai—Egg markets steady and lve poultry markets firm. Raleigh—Eggs,- U. S. extras arge (graded white) 36: coiored bens 24 to 26. , Washington—Eggs, U. S. extras ial'ge (dean white) 39 colored (owls 27. --V < OTTOX PRODUCTION Washington, March 8—(to—in Jn effort to increase cotton fab rc production, the War Produc ,lon Board today ordered the cot 0,1 textile industry to set aside ’00111 20 percent of its looms for specified types of production. 1XCOME TAX RETURNS FILED BY AN EXPERT '39 La lie Forest PUtvy. Hours 8 A. M. to 11 P. M. Oaily and Sunday Tax Forms Furnished Leading Stocks Recede Into Losing Territory NEW YORK, March 8._(#)_ Leading stocks generally backed into losing territory today but as sorted low-priced specialties kept the market pot boiling with frac tional advances to new highs for a year or longer. Trends were ragged from the start and. aside from big blocks of “penny” issues, dealings slow ed appreciably after the opening. Turnover, however, exceeded the million-share mark for the tenth consecutive full session. Declines running to a point or so were in the majority at the close. Cashing of further profits on the 10-months’ rise impeded prog ress in most cases. Notwithstand ing persistence of good war news, inflation psychology and invest ment demand, bullish forces, on the whole, inclined to stand aside pending mpre assurance a sizeable correction was not in the offing. Buying of stocks selling under $10 a share was again attributed to expanding public participation. The Associated Press average of 60 stocks was off .1 of a point at 46.4, which was only $1 under the peak since early November, 1940. Transfers totalled 1,245,750 shares compared with 1.208,870 last Fri day. Stocks touching best levels for 1942-43 included Studebaker,* Su perior Oil, Hayes Mfg., Celanese (which apparently reflected a pleasing earnings statement), Thermoid, Sperry and Curtiss Wright. Aircrafts got a play in the fore noon but most failed to follow through and Boeing, Douglas. Glenn Martin and United finished behind minus signs. In the declining area were U S Steel, Bethlehem, Chrysler, Amer ican Telephone, Western Union Santa Fe, N. Y. Central, Southern Pacific, Anaconda, American Can, General Electric, U. S. Rubber. Philip Morris and Standard Oil (N.J.) Among gainers in a slim curb were American Gas, Gulf Oil, Lake Shore and Sherwin Williams. In arrears were electric Bond & Share, Creole Petroleum, Humble Oil and Phoenix Securities. The aggregate here was 315,685 shares versus 290,695 in the previous full session. STOCK AVERAGES 30 15 15 60 Indust Rails Util Stks Net Chg. __ unch d.2 d.2 d.l Mon - 65-9 22.3 31.3 46.4 Prev. day .. 65.9 22.5 31.5 46.5 Week ago __ 65.1 22.1 31.4 46.0 Month ago 63.5 19.4 29.4 44 0 Year ag0 - 50.0 16 4 24.4 35.2 J943 high — 60.2 18.3 27.1 41.7 high ... 60.6 19.7 27^5 41.6 1942 low- 46.0 14.4 21.1 32.0 WHAT STOCKS DID . . Mon Sat. Advances . 339 359 Declines . 353 193 Unchanged . 207 240 Total Issues . 899 792 Closing Stock Quotations BY THE ASSOCIATED PRESS Adams Exp - 9% Adams Millis - 26% Air Reduction-' 44V* Alaska Jun - 4 A1 Chem and Dye- 154 Alleghany _ 1% Allis Chal MIg . 30% Am Can_ 77 Am Card Fdy _ 32% Am For Pow _ 3% Am Pow and Lt__ 2 Am Rad and St S - 7% Am Roll Mill .. 13V> Am Smelr and Ref- 42% Am Sug Ref.. 22% ATT. 142 Am Tob B _ 55 Vi Anaconda _ 28% Arm 111 _ 4% At and Sf.. 5071 ACL_ 317j Atl Ref . 22Vs Atlas Pow_ 60 Aviat Corp_ 574 Baldwin_ 15% B and O__ 6% Barnsdall _ 1472 Bendix Aviat _ 38% Beth Stl . 63% Boeing Airpl _ 18% Borden _ 24 Borg Warner__ 31 Briggs Mfg _ 23% Budd Mfg . a1/* Budd Wheel .-. 9 Burl Mills . 23% Bur Add Mach ..— 12 Calumet and Hec- 8% Can Dry _ 18 Can Pac _ 8 Case J I _ 94% Caterpil Trac _ 47% Ches and O_ 41% Chrysler _ 72 Vi Coca Cola.. 98 Colum G and E _ 3 Vi Coml Credit - 34 Coml Solv - 13% Comwlth and Sou_13-16 Con Sol Edis_ 18% Con Oil _ 9% Cont Can - 30% Corn Prod _ 58 Curtiss Wright _ 8% Curtiss Wright A_ 23% Davison Chem _ 1534 Del Lack and W _ 5Z Doug Aire _ 63Vi dow L.nem___ Du Pont —. 1«% Eastman Kod _153 Elec Auto Lt- 34% Elec Pow and Lt- 3% Firestone - 28 Freeport Sul- 36% Gen Elec_ 35% Gen Foods - 36% Gen Mot .. 48% Gillette —.-. 6% Glidden ..-. 20% Goodrich - 29 4 Goodyear - 30^« Graham Paige - Its Gt Nor Ry Pf. 2°,f Hud Mot.. 7% Hupp Mot - l;® HI Cent - — [nt Harvest - vo .2 [nt Nick Can- 34% [nt Tel and Tel - "% Johns Man.. 81 Kenrrecott - 32.4 Kinney - 3 Kroger Groc - 2o% Libby Of G1 . 34% Ligg and Myers B- 68% Loews - 49% Lorilard_ 18% Louis and Nash_ 71% Mack Truck _ 33^ McCrory Stores _ 12% M O Kt. - 3 Montr Ward _ 36% Murray Corp_ 7% Nash Kelv.. 8% ALLEN C. EWING & CO. STOCKS BONDS 1« MURCHISON RUIT.MNG PHONE >221 Nat Biscuit _ 193;, Nat Cash Reg ....„ 27% Nat Dairy Prod_ 17 Nat Dist _ 27% Nat Lead _ 15% Nat Pow and Lt_ 3% N Y Cent.. 14% No Am Aviat_ 12% North Am _ 12% Nor Pac _ 11% Ohio Oil .. 15% Otis Elev _ 17% Pac G and E _ 26% Pac Mills _ 22% Packard _ 4 Param Pix _ 20% Penny J C_ 85 Penn Dix _ 3% Penn RR_ 29% Pepsi Cola _ 38% Phillips Pet_ 47% Pitt Scr and B_ 5% Pub Svc N J_ 14% Pullman _ 32% Pure Oil _ 14% Radio _ 7% Had is. u .—. o‘/4 Rem Rand_ 14Vs Rep Stl .17 Reynolds B _ 27% Seab A L - 1% 1 Sears _ 64% Shell Un _..—. 21 Socony Vac _ 11% Sou Pac _ 20 Sou Ry.. 21 % Sperry - 34% Std Brands _ 5% Std Oil Cal .-. 33% Std Oil Ind .. 31% Std Oil N J.. 50% Stewart Warner- 9% Studebaker _ 10 Swift.... 331 s Tex Co -- 46% Tex Gulf Prod - 5 Tex Gulf Sul ..- 39% Timken Det Ax- 33 Transamer--- 8-s Trans and West Air- 1° s Un Carb . 83% Un Pac .. 89% Unit Aire - 3a /a Unit Corp. 4 Unit Drug.-. 8% Unit Fruit . 67% Unit Gas Imp .. 6% US Ind Alco--- 35 US Pipe ..32% US Rub . 31% US Steel . 54 Vanadium Va Caro Chem .. 4% Warner Pic .. 10 West Mary . * Western Un .. 33,4 West El and Mfg . 8bf Wilson .-. 6% Woolworth - -4 Youngs S and T-- 3ots Final stock sales 1.245,740. final curb quotations Can Marconi- 4/8 Cities Service —. ° El Bond and Sh - 4 3 Gulf Oil —-■— - 44 CHICAGO BUTTER-EGGS CHICAGO, March 8.—1^1—But ter, receipts 532,449; firm; prices as quoted by the Chicago price current are: Creamery AA 93 score 46 1-2; A 92, 46; B 90, 45 3-4, C 89, 45 1-4; 38 cooking grade 44; 90 centralized carlots B 45 3-4. Eggs, receipts 24,402; firms; fresh graded, extra firsts, local 37 1-4, cars 37 3-4; firsts, local 37, cars 37 1-4; current receipts 35 1-2, dirties 32 3-4; checks 31 1-2. -V MIDDLING NEW ORLEANS, March 8.—UP) _The average price of middling 15-16 inch cotton today at ten des ignated southern spot markets was 20 cents a bale higher at 2119 cents a pound; average for the past 30 market days 20.80; mid dling 7-8 inch average 20.27._ WHEAT GOES BACK TO MINOR LOSSES Bread Cereal Under Pres sure As Mill Buying Is Less Aggressive CHICAGO, March 8.—W—'Wheat was under pressure today, back ing down for fractional losses, sis mill buying appeared less aggres sive and hedge selling was more noticeable. Oats and rye, firm early, eased later with the bread cereal. Wheat closed 3-8 to 7-8 lower, May $1.47 3-4 to 7-8, July $1.48 1-4 to 3-8, corn unchanged at ceilings, May $1.00, oats were unchanged to 1-4 lower and rye was 3-8 low er to 1-4 higher. Open High Low Close WHEAT— May .148% 148% 147% 147% Jly .1483/4 149 148% 148% Sep ..150% 150% 149% 1493/4 Dec . 153 153% 152% 152% CORN— May .loo Jly.ioo% Sep . 100% Dec ...100% OATS— May . 623/4 6314 62% 62% Jly . 62% 623/4 62 62% Sep ... 62% 62% 62% 62% RYE— May .. 881/4 89'/4 87% 881/4 Jly.- 91% 92% 90% 91% Sep .. 93% 94% 923/4 93% Dec .. 97 97 95% 96% -V LOCAL QUOTATIONS Quotations Furnished By ALLEN C. EWING and CO. (Subject To Market Change) A. C- L. RR 1st Mtg. 4s due 1952 _ 89 89% A. C. L. RR Louisville and Nashville 4s due 1952 __ 81% 81% A. C. L. RR Gen. Mtg. 4% S due 1963 _ 68% 68% Stocks A. C. L. Co. of Conn- 32 34 Carolina Insurance Co. 30 32 Massachusetts Invest ors Trust_ 1897 2040 -V FOREIGN EXCHANGE NEW YORK. March 8.—(A*)— Closing foreign exchange rates follow (Great Britain in dollars, others in cents): Canada: Official Canadian con trol board rates for U. S. dollars: buying 10 percent premium, sell ing 11 percent premium, equiva lent to discounts on Canadian dol lars in New York of buying 9.91 percent, selling 9.09 percent. Canadian dollar in New York open market 10 3-8 percent dis count or 89.62 1-2 U. S. cents, down 1-16 of a cent. Europe: Great Britain official, (bankers foreign exchange com mittee rates) buying $4.02, selling $4.04. Latin America: Argentina offi cial 29.77; free 23.80, up .01 of a cent; Brazil official 6.05N; free 5.20N; Mexico 20.66 N. Rates in spot cables unless oth erwise indicated. N-nominal. __ STOCKS IN THE SPOTLIGHT NEW YORK, March 8—{IP)—Sales closing price and net change of the fifteen most active stocks to day. Aviaticn corp 31,500—514; No. Hayes Mfg 24,500—2%; up 14. Curtiss Wright 22,400—8%; up 14. Budd Mfg 19,000—514; up %. Alleghany 17,900—1%; Is. U. S. Steel 17,900—54; Vi. Studebaker 16,400—lO; up %. Cormvlth and Sou 16,300—13-16; up 1-16. Superior Oil 15,100—2%; up %. Marine Midi 14,000—4%—14. Bald Loc Ct 12,500—15%; up %. Seaboard A L 11,300—1%; No. Am and For Pow 2 Pf 11,100— 11%; up 14. Zonite Prod 10,800—314; 14 Radio 10,300—7%; 14. CASH GRAIN CHICAGO, March 8.—<*—Cash wheat No. 2 hard 1.50 3-4. Corn No. 3 yellow 1 01 1-2; No. 4, 89 1-2 to 1.01; sample grade yellow 80 to 83; No. 3 white 1.15 to 16 1-2: No. 5, 1.08 1-2 to 09 1-2. Oats No 2 white 65 3-4; No. 3, 65; sample grade white 62 to 62 1-4. Barley, malting 88 to 1.06 nom; feed 72 to 89 nom; field seed per hundredweight nom: Timothy 4.75 to 5.00: alsike 21.00 to 26.00; fancy red top 7.25 to 75; red clover 20.00 to 25.00: sweet clover 7.50 to 9.50; alfalfa 32.50 to 39.00. -y NEW ORLEANS COTTON NEW ORLEANS, March 8—(£>)— Cotton futures closed 30-50 cents a bale higher. Open High Low Close Mch ... 20.62 20.64 20-61 20.61b May __ 20.40 20.53 20.40 20.51 up 6 Jly ... 20.21 20.35 20.21 20.34 up 8 Oct ... 19.95 20.11 19.95 20-10 up 10 Dec .. 19.90 20.04 19.90 20.03 up 9 Jan .. 19.84b—__ 19.99b Mch 19-88 19.96 19.88 19.94b (1944) B—Bid. -V CHARLOTTE SPOT CHARLOTTE , March 8.—UP)— Spot cott.on 20.80. GASOLINE ALLEY_ NEW LIDS Bond Quotations DOMESTIC At and Sf 4S 95..116 A C Line 4% S 64 .. 68% Can Pac 4S Pref --- 79% Cb and Q 4% S 77.. 74% Chi and E 111 Inc 97 —. 40% Chi Gt West 4S 34 . 73% Cri and P Refg 4S 34 . 25% Clev Un Term 4% S 77C .... 65% D and Rg West 5S 55_ 9% Fla East Cst 5S 62A_ 30 Hud Coal 5S 62A_ 42% Hud and Man Rfg 5E 57_ 54% 111 Cent 4% S 66 _ 48l/s Int Gt N Aj 6S 52 __ 16% Lou and N 4% S 2003 _ 97% Mk and T Aj 5S 67_ 33 % Mo Pac Gen 4S 75 .. 18% N Y C Rf 5S 2013 .. 61% Nor Pac 6S 2047 _ 70% Penn RR Gen 4% S 65_106% Phil Rd C and I Cv 6S 45 ... 11% Seab A1 Cn 6S 45 _ 20% So Pac Rfg 4S 56 _ 83 So Ry Cn 5S 94___ 97% So Ry Gen 4S 56_ 75% West Md 4S 52_ 93 Final bond sties $17,143,800. U. S. TREASURY 2% & 72-67 _ 100.20 YT NAVAL STORES SAVANNAH, Ga„ March 8.— UR —Turpentine 63 cents per gallon; offerings 17 barrels (50 gal. each). Sales 850 gallons; receipts nine barrels; shipments 130 barrels; stocks 26,583 barrels. Rosin: (drums) offerings, 127; sales 127; receipts, none; ship ments, none; stocks, 82,353. •- Quote: (100 lbs( B 3.00; D 3.11; E 3.40; F 3.45; G 3.56; H 3.60; 1 3.65; K 3.85; M 3.88; N 3.95; WG 4.26; WW and X 4 51. (Stocks include Saturday’s re ceipts and shipments.) -V 1942 ORDER TOTAL NEW YORK, March B.—Iff)— The Westinghouse Electric & Manufacturing Co. today reported that 1942 orders totaled $1,079, 636,268, an increase of 85 percent over 1941. -V NEW ORLEANS SPOT NEW ORLEANS, March 8—(/P)— Spot cotton closed steady 30 cents a bale higher. Sales 669 low mid dling 17.11 middling 21.11; good middling 21.56, receipts 256, stock 264.569. CHICAGO LIVESTOCK CHICAGO, March 8.— W-Live hogs again sold at $16.00, the best level since October, 1920 and strictly choice fat lambs reached $16.75, a new high for the season since 1929 today, while fed steers and yearlings also were strong at near season peaks with prime heads bringing $17.40. The hog market was active and prices advanced 10 to 20 cents with the bulk of the medium and heavyweight butchers selling be tween $15.75 and $18.00, and best sows topping at $15.65 Salable re ceipts totaled 11,000, or 4,000 few er than advance estimates. Big packers took an additional 6,000 head direct and shippers took 5, 000. In the cattle pens several loads of fed steers sold from $17.00 to $17.25 with best 1.290 pound aver ages at $17.40. Heifers brought up to $16.15, cows and bulls were as much as 25 cents higher and veal ers sold up to $17.50 The bulk of the fat lamb supply brought $16.25 to $16.40, while prime heads established a new seasonal peak for 14 years at $16.75. Slaughter ewes sold be tween $8.75 and $9.00. tr DAIRY PRODUCT SHORTAGE WASHINGTON, March 8.—(#)— Asserting the country faces a “se rious and increasing shortage ot dairy products,” Charles W. Hol man, secretary of the National Co-operative Milk Producers As sociation, said today production this year threatens to be several billion pounds under last year’s record output. -,V- ■■ DIVIDEND DECLARED BOSTON, March 8.—(IP)—The United Fruit Co. today declared a dividend of 50 cents a share payable April 15 to holders of rec ord March 18. This payment com pares with disbursements of $1 a share each in March and June and 75 cents each in September and December last year. -V RALEIGH LIVESTOCK RALEIGH, March 8.—Ufl— (NC DAi—Hog markets firm with top of 15.10 at Richmond and 14.90 at Rocky Mount. LOCAL MAN GIVEN SEA SERVICE BAR Joseph Russ Is Awarded Merchant Marine Em blem For Activity Joseph Russ, of Wilmington, one of the 800 Ensigns recently grad uated from the U. S. Maritime Service Officers school at Fort Trumbull, New London, Conn, was the recipient of one of the new U. S. Merchant Marine service bars awarded to 129 of the grad uates. * The honor bar, authorized by Captain Frank Rusk of the War Shipping Administration and sim ilar to those worn by members of the armed forces, was designed to gain recognition for men of the U. S. Merchant Marine who have been torpedoed, bombed, shelled or have otherwise faced enemy action in war zones. That the men graduated at New London have had sea experience is well illustrated by the fact that over 90 of the War Service bars presented had one or more silver stars denoting that the wearer has been through enemy action in which his ship was sunk. A star is added for each engagement. It is estimated that more than 10,000 U. S. Merchant seamen are now entitled to wear the new rib bon, which is authorized when written request is made, to the War Shipping Administration and the applicant’s credentials are checked. The Officers school at Fort Trumbull, New London, Conn, is part of the War Shipping admin istration’s training system which enables mferchant seamen , with 14 months’ experience at sea to study for an officer’s license. To encour age men from the ranks to become both deck and engineer officers, a four month course is offered at New London and Alameda, Cali fornia. Eligible men are enrolled with the rank of Chief Petty Officer j at $126 a month and are graduated I as Ensigns in the U. S. Maritime service. Commander Harry H. Dreaney of the War Shipping administration addressed the graduates at a ban quet at the Waldorf-Astoria in New York city, held under the joint auspices of the New London school and the American Merchant Ma rine Institute. Prizes for excellence in Merchant Marine subjects to honor graduates were awarded at that time. -V President Of Turkey Reported Re-Elected LONDON, March 8.—1*1—A DNB dispatch from Ankara broadcast by the Berlin radio and recorded by the Associated Press today said that President Ismet Inonu had been unanimously reelected pres ident of Turkey by the national assembly. Such an election is routine, a Turkish law providing that the president shall be chosen from among the deputies of the national assembly and that his term of of fice shall be identical with the life of each assembly. -V PRODUCTION STIMULANTS NEW YORK, March 8.—i.T)— Visits from front-line soldiers at war plants are among the best production stimulants England has found in reaching the highest per capita production of Allied na tions, advertising analyst James T. Chirurg reported today. How Many Wear FALSE TEETH With More Comfort FASTEETH, a pleasant alkaline (non acid* powder, holds false teeth more firmly. To eat and talk in more com fort, just sprinkle a little FASTEETH on your plates. No gummy, gooey, pasty taste or feeling. Checks -plate odor." (denture breath*. Get FASTEETH at any drug store. Key Service On Popular Type Key# CAUSEY'S Corner Market and 12th On Guard ON THE HOME front! Behind repeated appeals to the public — urging use of long distance only when it's really necessary — lies just one mo tive—to do everything possible to assure our military and production authorities the swift, dependable telephone service they need to direct and supply America's combat forces. Long distance lines are carrying an in creasing volume of these vital war calls. The volume of non-essential civilian mes sages is also heavy. Normally, we would install enough new equipment to fill all demands for service, but we can't today because the needed materials are going to war. Voluntary reduction of long distance usage will help tremendously to keep crowded lines clear for quicker handling of vital war calls. That's why you are being asked to make only essential long distance calls, and to speak briefly when you do have to make a call. Long distance lines to these cities are especially crowded with war calls. Make only really urgent calls to these points or to places in these general localities. ATLANTA CHICAGO DETROIT NEW YORK , NORFOLK RICHMOND PHILADELPHIA ST. LOUIS WASHINGTON • W. B. BRYAN, Manager Southern Bell Telephone and Telegraph Company incorporated