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Stock Mart Spotlight Turns To Comodities .-w YORK, July 6. <#) Atten , financial markets was cen uon 01 * snaring commodities lo te"ed on *elecled stocks put d,yarironf showing, the majority “P ® little’if any headway. "rfe move by the Senate Agri V* committee for a sharp r ' ,n corn price ceilings met b°i heavy demand for gains. At "'1,h on ,ve iumped the day’s per Ch'‘Mrie i mit of 5 cents a bushel. mL t finished up 17-8-2 3-8 and '•^advanced 2 3-8 to 2 7-8. Hogs. a 5 a u eve weak to down 10 hov,’ev ‘ cotton ended up 25-65 cents. c£fS ye0 stock division, utilities, ‘transports and specialties held f.;‘.‘buying Play throughout and lhe. ,,,;hs for the year or longer ■l" ' delv distributed. Other ‘'■'L''however, failed to make *”7rade and minus marks were at the close. Initial ad among favorites running to t puiiw; also were reduced in the ^Customers were more or less ' .,hen thev returned from 011 ‘ lengthy holiday but most I,, reluctant to extend commit 1,, pending further Washington mic developments, more news from the Battle of .he pacific and the latest Axis Vust at Russia. Late profit tak handicapped may issues. The Associated Press 60-stock tveraec was off .1 of a point at 52 2. due mainly to retreating cai W of 887 issues traded. 3o8 v -e down against 529 up or lin ed Transfers totaled 962 - ■ \ shares compared with 829.679 •he preceding full session, power and light company slocks, as well as airliners, apparently re flected long-term investment de rand for securities with hopeful peace prospects. One transport compilin' has already applied foi a 50 per cent expansion of its existing l'oiV-s after the war. Ex citations of friendlier congress • lal consideration and pleasing j earnings figures propped utilities, j Pepsi-Cola was an outstanding ,printer as the outlook for increas in' sugar supplies brightened. Others in trout were Electric Pow er & Light 6 per cen tpreferred. Consolidated Edison. North Amer ican. American Telephone. Com monwealth Edison. Proctor & j Gamble. Chrysler. Standard Oil j iNJi. Santa Fe. Eastern Air Lines, j Pan American Airways, Pennsyl-1 vania-Central Airlines (Which cansv to the big board from the curb , today. United Air Lines. North western Airlines and Transconti nental & Western Air Lines. Losers included Southern Pacific, Great Northern, Southern Railway, l7. S. Steel. Bethlehem. Western Union. General Motors, Sears Roe buck. Anaconda. KennecoU, West house. General Electric. United 4 craft, U. S. Rubber and J. C. Penney. Bonds were moderately irregul ar. In the curb plus signs were retained by American Gas. Brazil ian Traction. Humble Oil, Inter national Petroleum and Phoenix Securities. Among laggards were Electric Bond and Share. Brew ster Aero. Republic Aviation and »Pantepec. Turnover here was 334.810 shares versus 248.900 last Friday. -V RALEIGH LIVESTOCK RALEIGH. July 6.—OB—(NCDA) —Egg and poultry markets steady to stronger. Raleigh—U. S. grade A large 'dean white) 42: grade A hens, all weights. 20 to 25. Washington—U. S. grade A large -H to 44: a lew broilers and irv ers 28 1-2. RALEIG HL1VESTOCK RALEIGH. July 6.—OB—(NCDA) —Richmond hog market steady with top of 13.65: Rocky Mount 10 cents lower with top of 13.40. * — — ■ Bond Quotations DOMESTIC ACL 4%s 64 . 71% B and O 4s 1948 _ 72% C B and Q 4%s 77 .. 82 C and E I Inc 97 _ 46% C G W 4s 88 __ 75 C R I and P Ref 4s 34_ 33% Clev Ut Term 4%s 77 _ 72% D R G West 5s 44 _ 7% F E C 5s 74 _ 34 Hud C 5s 62A ___ 58 Hud and Man 5s 57 ... 58% 111 Cent 4%s 66 _ 513^ Int Gt Nor Aj 6s 52_ 20 L and N 4%s 2003 _ 104% M K and T Aj 5s 67_ 32% Mo P G 4s 74 _ 25% NYC Rfg 4s 2013_ 63 Nor and W 4s 96 .. 128% Nor Pac 6s 2047 _ 79% Penn R R 4%s 65_109% Ph Rds C I 6s 49_ 1334 S A L C 6s 45 _ 28% So Pac Rfg 4s 55 _ 86% So Ry Cn 5s 94_105 So Ry Gen 4s 56_ 78% West Md 4s 52 _ 92 Final bond sales $9,700,000. FOREIGN BONDS Aust 4%s 56 _ 87% Braz 6%s 26-57 _ 46 Rio Gr Do Sul 6s 68_ 28% TREASURY 2%s 69-64 _ 100.18 LOCAL QUOTATIONS Bonds— Bid Asked A C L RR 1st Mtg. 4s due 1952 _ 91 Vi 92 ACL RR Louis & Nashville 4s due 1952 8412 84% ACL RR Gen. Mtg. 4%s due 1964 _ 71 71% Stocks— ACL Co. of Conn. __ 34% 36% Carolina Insurance Co. _ 30% 32% Massachusetts Invest ors Trust _2096 2254 -V RICHMOND LIVESTOCK RICHMOND. Va., July 6.—(tfl— (U S Dept Agri)—Livestock: hogs steady with Friday. Top 13.65. Good and choice 160-300 lbs. 13.65: 100-120 lb. 12.15. 120-150 lb 13.00: 140-160 lb and butchers over 330 lbs 13.40. Sows under 350 lbs 12.90: over 300 lbs 12.65: stags 9.65. Cattle rather slow, but mostly steady on all killing classes. Early trade on steers about in line with last week, the bulk of medium and good fat slaughter kinds 15.00 16.00. fe wchoice higher. Cows and bulls quotable steady. Fat dairy type cows largely 10.00-12.00. Canners and cutters 8.00-10.00. Sausage bulls mainly 12.00 down. Vealers not fully established: un dertone steady, with 15.50 about the top. Spring lambs slow, some | good and choice 13.50-14.00. un dergrades down to 10.00 and below. _v___ CHICAGO LIVESTOCK CHICAGO. July 6.—(#)—A plenti j tul supply of salable hogs today ! made buyers not only bearish, but I discriminatory, and marked op j position 10 prices above $14 was ! evident. With the big slaughter plants (here in possession of 11.000 on di I red billing, their buyers were not | anxious to compete for the 20,000 in the open market. Prices ruled weak to 10 cents lower than Friday with the most decline on weight sbelow 240 pounds. Good and choice heavy butchers sold at $13.90 and $14.10 with the top at $14.15 paid only occasionally. Fed steers and yearlings pre dominated in the cattle run and were fairly steady. The bulk of steers sold at $14.75 to $16.25 with the top up to $17.10. Heifers were steady to weak. Fat spring lambs were active and mostly steady. Good to choice spring Iambs sold at $14 to $15, with the top at $15.25. -V CHARLOTTE SPOT CHARLOTTE. July 6 —i^i—Spot cototn 21.15. YOU ARE URGENTLY NEEDED FOR SEA DUTY ^ v ou are now working ashore \ ■011 can help your country to V N^„VV<e' \ * ?reater degree by returning «<Js. c.WvV^C*e 0 >ea§ Alto needed are shipi ■&* ^ tc^ \tAe \ 'arpenters, able seamen,\ . vjA>0 yuA*^ ,• *\e& c. ' Machinists, oilers, rooks, \ <** bakers and combination \ ,\0^ * \,0Vet'.‘'vC ,ln touch with your \ 0\0^<.1}J^ ^ "'■tmploymentServiee local \ <vc£' aG office or affiliated Maritime \ \\}Si jnion or communicate Avith: \ ' RECRUITMENT & MANNING ORGANIZATION WAR SHIPPING ADMINISTRATION JL 127-29 Bank St., Norfolk, Phone 48738 ®r Atlantic Coast Regional Office, 45 Broadway, New "York City WAR BOND SALES TOTAL $92,667 Month-Long Drive Just Getting Underway; Suc cess Is Forecast — The "Retailers for Victory” war bond campaign instigated to help build a new airplane carrier, "The Shangri-La," to bomb Tokyo again, has already netted invest ments of $92,667.50 in government securities by New Hanover citi zens, John Sheehan, secretary of Retail Merchants association of the chamber of commerce, an nounced Tuesday. With the retail merchants’ month-long drive scarcely under way in Wilmington, officials ad mitted that "the campaign has already gone beyond expecta tions.” The War bond total has been derived here by two showings of the all-Camp Davis musical pro duction. "Strictly G. I.”, the bond booth in front of the postoffice, and sales in retail stores. No complete report has yet been made by the city's merchants, but Sheehan predicted that when it is "the merchants will make a great showing.” Considerable interest is attached to the War bond booth where per sons entering the postoffice stop to make their purchases of bonds and stamps. The first few days after the booth was located there, crowds were drawn by the dem onstration of military arms by a unit from Fort Fisher. South African Leader To Seek Re-Election LONDON, July 6.—UP;—1The aging prime minister of South Africa, 73-year-old Field Marshal Jan Christian Smuts, will seek a re turn to power for himself and his United party Wednesday in the Union’s first war-time elections. Self-described as "an °W horse in his last race,” Smuts is be lieved by most observers to be assured of re-election over the combined opposition parties head ed by D. F. Malan, anti-British leader and head of he People’s pary. -V NEW YORK COTTON NEW YORK. July 6.—(JP)—Cot ton futures closed 25 to 65 cents a bale higher today on trade price fixing and commission house de mand which erased early losses. Prices were bolstered by strength in grains and announcement of further government orders for about 8.000,000 yards of cotton tex tiles. Hedge-selling failed to de velop despite unusually good crop reports. Futures closed 25 to 65 cents a bale higher. Open High Low Close July - 20.38 20.60 20.38 20.62nUp 13 Oct. . 20.03 20.09 19.99 20.08 Up 6 Dec. 19.88 19.94 19.84 19.93 Up 7 Mch _ 19.72 19.80 19.69 19.77nUp 5 May . 19.59 19.67 19.57 19.64 Up 5 Middling spot 21.7’n, up 6. n—Nominal. -V NEW UHLEASS »rui NEW ORLEANS, July 6.—I^P)— Spot cotton closed steady, un changed. Sales 512; low middling 16.25; middling 20.75; good mid dling 21.20: receipts none, stock 252.589. Closing Stock Quotations BY THE ASSOCIATED PRESS Adams Exp _ 11% Air Reduction _ 47% Alaska Jun _ 5% A1 Chem and Dye _160% Alleghany _ 2% Allis Chal Mfg _ 8% Am Can _ 90 Am Car Fdy _ 43% Am For Pow _ 7% Am Pow and Lt _ 3% Am Rad and St S _ 10% Am Roll Mill _ 15% Am Smelt and Ref- 41% Am Sug Ref - 31 A T and T - 155% Am Tob B - 63 Anaconda _ 27% Arm 111 _ 5% A T and S F _6.... 58% ACL _ - 33% Ail Ref _ — 26 Atlas Pow -- 63 Aviat Corp - 5% Baldwin _ - 18 B and O - 8% Barnsdall _ 18 Bendix Aviat _ 38% Beth Steel _ 64% Boeing Airpl - 18% Borden - 28 Borg Warner- 38% Briggs Mfg - 30 Budd Mfg —.-.— 7% Budd Wheel .. 9 Burl Mills _ — 31% Bur Add Mach - 14% Calumet and Hec - 7% Can Dry - 21% Can Pac _4- 10 Case J I - 119% Caterpil Trac - 51% Champ P and F- 21% Ches and O - 45% Chrysler_ 84% Coca Cola _ 109% Colum G and E - 4% Coml Credit .. 40% Coml Solv - 1418 Comwlth and Sou ..4- % Consol Edis - 22% Cont Can - 35% Corn Prod .. — 58% Curtiss Wright .. 8% Curtis Wright A - 23 Davison Chem - 17% Del Lack and W- 8% Doug Aire - 67 Dow Chem _ 149% Du Pont -157 Eastman Kod - 165 Elec Auto Lt _ 39_ Elec Pow and Lt-.—. 5% Firestone - 41% Freeport Sul - 36% Gen Elec - 39Vs Gen Foods _- 42% Gen Mot.-.. 55% Gillette .-— 9V8 Glidden - 21% Goodrich - 40% Goodyear - 39% Graham Paige - 1% Gt Nor Ry Pf. 29% Hud Mot _ lOVs Hupp Mot - l7/s 111 Cent .-. 14% Int Harvest _ 72% Int Nick Can - 32% Int Tel & Tel .. 14% Johns Man - 86% Kennecott - 31% Kinney ..-.— 4 Kroger Groc _ 30y2 Libby O F G1 _ 41% Ligg % Myers B - 72 Is Loews_ 61% Lorilard - 20% Louis & Nash- 74 Mack Truck - 35% McCrory Stores - 16% Mo K T .. 2% Mont Ward - 40 % Murray Corp - 10% Nash Kelv _ 13% Nat Biscuit - 22% Nat Cash Reg - 27% Nat Diary Prod- 20 Nat Lead - 17% Nat Pow & Lt _ 6% N Y Cent.-.— 17% Nor Pac - 15% Ohio Oil —.— 19 Otis Elev _ 20% Pac G & E .— 28% Pac Mills _ 27 Packard _ 4% Param Pix _ 28% Penny J C_ 98% Penn RR - 29% Pepsi Cola - 45% Phillips Pet _ 48 Pitt Scr & B. 6Vs Pub Svc N J _ 16% Pullman _ 39% Pure Oil _ 18 Radio - 11% Rad K O .... 9 Rem Rand _ 18% Rep Stl .. 19% Reynolds B . 31% Seab A L . 1% Seab Oil . 24% Sears . 81% Shell Un .. 28% Socony Vac _ 13% Sou Pac . 26% Sou Ry _ 25% Sperry . 29% Std prands . 7% Std Oil Cal .. 37% Std Oil Ind _ 36% Std Oil N J _ 58 Stewart Warner _ 13% Studebaker__ 12% Swift _ 26% Tex Co . 52% Tex Gulf Prod_ 6 Tex Gulf Su# _ 41% Timken Det Ax _ 29% Transamer _ 9 Trans & West Air _ 24% Un Carb __ 83% Un Pac . 99% Unit Aire . 38% Unit Corp .. 2 Unit Drug .. 13% Unit Fruit _ 76% Unit Gas Imp_ 9% US Ind Alco _ 39% US Pipe .. 36% US Rub .. 43 US Steel _ 57% Vanadium _ 23% Va Caro Chem__ 5% Warner Pic _ 15 West Mary _ 4% West Un _ 38% West El & Mfg __ 99% Wilson _ 7% Wool worth _ 41% Yell T & C _ 16% Youngs S & T _ 39 Final stock sales 062.185. FINAL CURBS Can Marconi _ 2% Cities Service _ 15% El Bond & Sh _ 8% Gulf Oil _ 47% -V MIDDLING NEW ORLEANS, July «.—tA*l— The average price of middling 15-16 inch cotton today at 10 desig nated Southern spot markets was 20 cents a bale higher at 21.05 cents a pound: average for the last 30 market days 21.12 middling 7-8 inch average 20.06. St. John's Tavern 114 Orange St. Dial 2-8083 DELICIOUS FOOD! MANOR Preston Foster Ellen Drew —in— “GERONIMO” —also— CARTOON NOVELTY TODAY THUR. Open 10:45 Daily Late Show Fri. Nite TRAGEDY AT MIDNIGHT’ Cool—Air Conditioned iical Honey! 5 Judy Garland I Van Heflin In I “PRESENTING LILY MARS” ft With Two “Name” Bands Shows: 1:00-2:44-4:50 6:59-9:11 ■ i ■ mm ^ U-C Today *. ' Thursday | Spine-Chilling Horror! [ “FRANKENSTEIN MEETS 1 THE WOLF MAN” 1 with Lon Chaney German Radio Reports Allied Naval Movement From Port Of Gibraltar LONDON, July 6.—W—A propaganda broadcast of the German radio said today that “all battleships and aircraft carriers” have left Gibraltar and there are “46 merchant vessels in port ready for sail ing.” The ship movements "con tinue to indicate active mili tary preparations,” said the broadcast' recorded by the Associated Press. The German radio bt inter vals issues reports of alleged ship movements centering on the British naval base. These reports are without Allied con firmation. Auchinleck Warns India That Invasion May Come BOMBAY, India. July 6.—UFb Gen. Sir Claude Auchinleck warn ed India today that she still faces a serious threat of invasion, but said “we are preparing to help turn the tide, preparing to help carry the war east to Japan.” The new commander in chief in India declared at a press confer ence that “since I was last in In dia a tremendous thing has hap pened. That is the appearance among us of large forces—air fores and land forces_from the United States.” -V CHICAGO BUTTER-EGGS CHICAGO, July 6.— OR—Butter receipts 1,632,463: creamery 93AA 411-2; 92A, 41; 90B 40 3-4; 89C 40,1-4: 88 cooking 39; 90 centraliz ed carlots B 40 3-4. Eggs, receipts 19,934 unsettled; fresh graded extra firsts, locals 4 1-41; cars 411-2; first, locals 40 3-4; cars 41 1-4; current re ceipts 371-2; dirties 36; checks 35 1-2, Soft Coal Price Floor Rejected By Lawmakers WASHINGTON, July 6.- W — The House Rules committee, re fusing to approve an extension of the Guffey Coal act, signalled an end today to government-establish ed “price floors” under soft coal. The action was interpreted by some legislators as a rebuke to John L. Lewis’ United Mine Work ers and the mine owners alike for development of the situation which led the government to take over wartime operation of the mines. Both had asked for exten sion of the act, as had President Roosevelt, on the ground that it stabilized the industry. Opponents argued that since the government, as a result of strikes, bad taken over the mines there was no reason for continuing the act. The Rules committee tabled a resolution to extend the act from next August 23, when it expires, to January 1. Chairman Sabath fD.-Ill.) said he thought this meant the act was dead since Congress expects to recess this week until some time in September. The resolution could be brought up in the House under suspension two-thirds majority. Yesterday the House Ways and Means commit tee rejected a measure to extend the act until two years after the war’s end. Sponsored by Senator Guffey (D Pa.), the coal law was enacted seven years ago. It authorized the government to establish minimum prices at the mines and was aim ed, its backers said, at ending a chaotic competitive system under which some mines were losing money and miners’ employment was adversely affected. The act is administered by the bituminous coal division in the In terior Department which currently has 1,205 employes; about two thirds of them here and the re mainder in the field. Administration costs have aver iged about $3,000,000 a year. How ever, there has been a net gain to the Treasury from the act since it provides for a tax of one cent a ton on all soft coal. Paid by the mines, the tax has brought in revenue of about $5,000,000 a year. -V naval stores SAVANNAH. Ga.. July 6.—— Turpentine 661-2 cents a gallon: offerings 15 (50 gal. bblsi; sales 750 gallons: receipts 312; ship ments none; stocks 28.245. Rosin (100 lb. drums': offerings 634; sales 612; receipts 541: ship ments 100: stocks 21,629. Quote: B 2.79; D 3.04; E 3.48 F 3.50; G 3.59; H 3.60; I 3.62 K 3.77; M 3.78: N 3.80: WG 3 87 WW and X 4.31. -V Instead of protecting airplane motors with a covering of heavy grease, parofane, formerly used to cover cheese and meat, is now used. Shop At The . . . JEWEL BOX GIFT SHOP Wilmljiyton's Only Downstairs Store • OHINAWARE • GREETING CARDS • CRYSTALWARE • PICTURE FRAMES • SILVERWARE • CARD TABLES • PICTURES • LUGGAGE • BRIC-A-BRAC • LAMPS • COLLECTION ITEMS BOY FOB ! WAR ALL BONDS GIFTS Weldon Officials Ask Governor to Enforce Work Or Fight Ruling RALEIGH. July 6.—(A*)— Gover nor Broughton today wa3 asked by Mayor J. T. Maddrey and service club officials of Weldon to use his emergency powers to "make people go to work and keep them at work” in Halifax county. In a letter to the governor, May or Maddrey said that farmers and mills were short of labor. “We have decided to use per suasion, education and the vag rancy law” to get people to w-ork, the mayor said. But he. Roland Fields, corre sponding secretary of the Weldon I,ions club, and the officers and directors of the Weldon Communi ty club all asked that the gov ernor issue an order for Halifax county compelling people to work. Key SerrJee On Popular Type Keya CAUSEY'S Corner Market and 12th SECURITY NATIONAL BANK Grimshor*—Burlington—High Point—Ralnigh—Tnrbnro—Wilmington NORTH CAROLINA Statement of Condition June 30, 1943 RESOURCES CASH ON HAND AND DUE FROM BANKS . . . T • $11,922,758.32 UNITED STATES BONDS AND NOTES .. 15,222,745.01 STATE OF NORTH CAROLINA BONDS ...... 1,173,835.77 COUNTY, MUNICIPAL and GENERAL MARKET BONDS and NOTES 2,352,947.11 STOCK IN FEDERAL RESERVE BANK ....... 42,000.00 LOANS AND DISCOUNTS ........ 6,271,169.38 BANKING HOUSES AND EQUIPMENT, LESS DEPRECIATION . . 71,485.78 OTHER RESOURCES .......... 112,885.24 TOTAL RESOURCES ......... $37,169,826.61 LIABILITIES DEPOSITS (NET).. . . / r ", $35,507,571.14 CAPITAL STOCK (COMMON). 800,000.00 SURPLUS ............ 600,000.00 UNDIVIDED PROFITS .......... 130,317.60 RESERVES FOR TAXES, INTEREST, ETC. ...... 61,345.41 UNEARNED INTEREST AND DISCOUNT ...... 51,403.72 OTHER LIABILITIES .......... 19,188.74 TOTAL LIABILITIES. . $37,169,826.61 Member of Federal Reserve System Federal Deposit Insuranee Corporation This Bank Has No Loans to Its Directors, Officers or Employees