The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990, December 17, 1944, FINAL EDITION, Image 9

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The Wilmington morning star. [volume], December 17, 1944, FINAL EDITION, Page 9, Image 9
About The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990

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The Wilmington morning star. [volume] (Wilmington, N.C.), 17 Dec. 1944. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn78002169/1944-12-17/ed-1/seq-9/>

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MET FINISHES
j EXCELLENT week
I rtit YORK, Dec. 16.——The
■ ^ rket today concluded one
■ ^ and strongest weeks
■ ofKs l t‘ june with recently
■ : :Cf e Vails and assorted Indus
St!inlblPfpp*inf sufficient selling re
l^’nc^ to stall the rise.
■ (;S'8' , lhat the averages, with
1 pminor interruptions, had been
■ y' „c.v 7-year peaks since the
■ ; nf the month on heavy vol
■ r«rt ,ended to sober Wall street
, Accounts, consequent
B f ' "j-ei'e lightened, particularly
I if V the carriers, on the idea
■ sr‘°30rhle technical correction was
H’.^east a possibility.
■ ‘rulers were speedy from the
9 D ;„d turnover of 1,021,340
■ s:ar compares with 1,044,800 a
■ !:'al■ ao(,’and was the second larg
■ 'fV-Vdav aggregate since June
■ (;‘j.‘ a, the twelfth consecutive
I V-jnn in which turnover exceed
| .‘j.'. millicn-share level. Total
I y ‘the week of 8,328,310 was a
M" -a figure since the period ei|d
fl ‘"owing t0 delininS rails- the As
I listed Press 60-stock composite
I off .1 0I" a P°int at 58.1 but
I *!‘the week showed a net gain
I ‘I broad. 852 issues registering.
I L these, 327 were up against 525
I down or unchanged.
■ s,eeiSi motors and rubbers were
I rrowly lower over the short
1 Wretch. "Losers included Santa Fe,
I y y. Ceniral. Southern Pacific,
I southern Railway, Chesapeake &
I Ohio, Chrysler, U. S. Rubber, Ana
I ‘jda. Westinghouse, American
I TTnifpri Aircraft nnrl
s-ars Roebuck. Ahead were Alle
ghany Corp.. most active perform
er which came out in blocks run
rjng *o 50.000 shares; American
ien. General Electric, Douglas
Aircraft, J. C. Penney, Philip Mor
ris and Allied Chemical.
Bonds and commodities followed
a slim course. At Chicago wheat
was up 1-8 to off a cent a bushel.
Coton was off 15 cents a bale
to up 35 cents.
In the curb support was accord
ed Noma Elec'ric, Northeastern
Airlines, Polaris, pressed metals
and ravtheon.
-_V
STOCKS IN THE SPOTLIGHT
NEW YORK. Dec. 16- -(AP)—Sales,
dosing price and net change of
the fifteen most active stocks to
day.
Alleghanv 30.500 314 A 14.
Conf Motors 28.200 9% A 14.
Cclum Gas and El 23,90,0 414 A 14.
Sinclair Oil 21.100 1514 D ^4.
United Corp Pf 16.900 41% A 14.
N Y Central 14.200 2214 D %.
Stone and Weo 11.400 1214 A %.
Pi'i Svc N J 10,300 17% A %.
Bah Ohio 10,200 1014 No.
Pa ino Min i),400 20 A %.
E! Pow and Lt 9.100 4 A %.
Im Tel and Tel 8,600 1 714 D 14.
Noth Am Co F.300 19% A V8.
Bait and Ohio Pf 8,100 19% A 14
Am Wat Wks 7.900 8% No.
-V
FOREIGN EXCHANGE
NEW YORK, Dec. 16. — OP) —
Foreign exchange rates follow
(Great Britain in dollars, others In
cents):
Canadian dollar in New York
open market 10 13-16 percent dis
count or 89.81 1-4 U, S. cents, 06
1-4 of a cent lower.
Europe: Great Britain official
buying $4.02. selling $4.04.
Latin America: Argentina free
24.92 unchanged; Brazil free 5.25n;
Mexico 20.65n.
—
Steak On The Hoof — $4.25 A Pound
r s„„?4o1,T ^?5k’ 1000-pound grand champion steer of the Great Western
‘y.®.stock Show ** Los Angeles, Calif., poses above with his owner,
William Marxmiller, right, and his purchaser, Paul McBride, after
show"amP **a^ krou®'kl $1-25 a pound for a new selling record at the
Stock Market Quotations
(BY THE ASSOCIATED Jr BESS i
Adams Exp _ 137^
Air Reduction _40%
Alaska Jun __ 6
Alleghany ____ 3%
A1 Chem and Dye _157
Allis Chal Mfg _ 397/b
Am Can ___...._92%
Am Car Fdy _40%
Am For Pow _ 2M)
Am Pow and Lt _ 2%
Am Rad and St S_11%
Am Roll Mill _ 15%
Am Smelt and Ref__40%
Am Sug Ref _54%
A T and T _164%
Am Tob B -66
Anaconda _2814
Arm 111 - 6%
A T and S F _ 79%
Atl Ref _ 30%
Atlas Pow _61%
Aviat Corp _ 5
Baldwin -26%
B and O _ 10%
Barnsdall _ 16%
Bendix Aviat _47%
Beth Steel _64%
Boeing Airpl _ 17%
Borden ..._ 33%
Borg Warner _39%
Briggs Mfg _38%
Budd Mfg _ 10%
Budd Wheel _ 10%
Burl Mills _ 39%
Bur Add Mach _ 14y8
Calumet and Hec _ 714
Can Dry _30V2
Can Pac _ 11%
Case J I _36%
Caterpil Trac -50y2
Champ P and F _30
Ches and O _50
Chrysler _92%
Colum G and E.. 4%
Coml Credit -38%
Coml Solv _ 16
Comwlth Sou _:— 11-16
Consol Edison _24%
Con Oil _ 32
Cont Can •-37%
Corn Prod _59%
Curtiss Wright _ 5%
Curtiss Wright A -18V8
Davison Cham _T-15%
Del Lack and W _ 8%
Doug Aire _ 69 Vo
Dow Chem _121
Du Pont ____159
Eastman Kodak _176
Elec Auto Lt 4414
Elec Pow and Lt_ 4
Freeport Sul _32 %
Gen Elec _ 40 Vs
Gen Foods _41VS
Gen Mot _64%
Gillette _ 14
Glidden -2514
Goodrich ^_54
Goodyear _50%
Graham Paige_;_5%
Gt Nor Ry P£ _46Vi
Hud Mot _ 15
Hupp Mot _ 4
111 Central _:_20%
Int Harvest _82
Int Nick Can _28%
Int Tel and Tel ..17V4
Johns Man _104%
Kennecott _36%
Kroger Groc _36Vi
Libby O F G1 _53%
Ligg and Myers E _78%
Loew's _79 Vi
Lorillard _ 19
Louis and Nash _101%
Mack Truck __48
Mo K T __ 4%
Mont Ward _51%
Murray Corp _ 13 Vi
Nash Kelv _16
Nat Biscuit _24%
Nat Cash Reg _33%
Nat Dairy Prod _ 25%
Nat Dist ___36%
Nat Lead _24%
Nat Pow and Lt _ 7 Vi
N Y Central ..__ 22 Vi
No Am Aviat _:_ 9Vi
North Amer _ 19%
Nor Pac _20%
Ohio Oil _18%
Otis Elev _*_24
Pac G and E _35
Pac Mills _:_42
Packard ._ 5%
Param Pic _29%
Penney J C _109%
Penn - RR _33
Pepsi Cola _66
Phillips Pet _44%
Pitt Scr and B - 5%
Pub Svc N J _ 17%
Pullman - 48%
Pure Oil _ 16%
P.adio _•-10%
Radio K O _ 9%
_ n --J 005/.
Repub Steel - 19%
Reynolds B _- 31%
Seab Oil _23%
Sears _106
Shell Un _25%
Socony Vac _ 13 %
Sou Pac -40%
Sou Ry __— 33%
Sperry - 27%
Std Brands _28%
Std Oil .Cal _ 37%
Std Oil Ind _33%
Std Oil N J ——_ 56
Stewart Warner _ 16%
Studebaker _ 19V4
Swift _.32%
Tex Co _ 48%
Tex Gulf Prod _ 6%
Tex Gulf Sul _ 351/4
Timken Det Ax _1_36%
Transamerica _ 111/4
Trans and West Air __ 28
Union Carbide _80
Union Pac _117%
United Aire -29%
United Corp -- iy8
United Drug _ 16 7A
United Fruit _91%
Unit Gas Imn _ 13%
U S Indus Chem _39%
U S Pipe -351/2
U S Rubber _54'A
U S Smelt and Ref_55%
U S Steel _60%
Vanadium _211/2
Vick Chem _48%
Va Caro Chem _ 3%
Warner Piet _ 131/2
West Mary _ 5
West Union A _45
West El and Mfg _116%4
Wilson _109
Woolworth _42%
Youngs S and T _40
Final sales, 1,021,340.
CURB
Can Marconi _ 1%
Cities Service _ 15%
El Bond and Sh _ 9%
-V
NEW YORK tOTIOW
NEW YORK, Dec. 16—(iP)—The
cotton futures market developed a
steadier tone late in today’s ses
sion on mill buying and local de
mand. Trading was quiet reflect
ing dullness in the spot markets
and a disposition to await recom
mendations on cotton policy which
may arise from the peace confer
ences at Washington last week.
Futures closed 15 cents a bale
lower to 35 cents higher.
Open High Low Last
Mch —21.92 21.93 21.89 21.90 off 3
May __.21.83 21.86 21.83 21.84 up 1
Jly _21.45 21.48 21.44 21.46 up 1
Oct _20.47 20.57 20.43 20.53 up 7
Middling spot 22.27n. off 6.
LET’S BUY ANOtHER BOND
Proposals Invited ior Constructing
Refuse Incinerator and Incinerator Building
Wilmington, North Carolina
Sealed proposals will be received by the Mayor and City
Council of the City of Wilmington, North Carolina, at the City
Hall until 10 o’clock A. M.'. E. W. T. on December 27th. 1944, for
the construction of a Refuse Incinerator, having a cauacity of
225 tons in 24 hours, at which time and place they will be pub
licly opened and read.
The work for which proposals are invited consist of furnish
ing ali the necessary material, labor and equipment for the
erection of c. complete incinerator plant, consisting of two units
of furnaces, chimney of proper size and all appurtenances ex
cept building and plumbing.
Plans, specifications and contract documents are open for
public inspection at the office of the City Engineer, City Hall.
Wilmington, N. C., and at the office of the Associated General
Contractors, Charlotte, N. C., or may be obtained from the City
Engnieer upon the deposit of five ($5.00) Dollars which will be
refunded to bonifide bidders.
General Contractors are notified that “An Act to Regulate
the Practice of General Contracting,’’ ratified by the General
Assembly of North Carolina on March 10, 1925, and as subse
quently amended, will be observed in receiving and awarding
general contracts. Plumbing and Heating Contractors are noti
fied that Chapter 52, Public Laws of 1931. as amended by Chap
ter 57. Public Laws of 1933. will be observed in receiving and
swarding plumbing and heating contracts.
r-ach proposal shall be accompanied Dy a casu ucpuaa
a certified check drawn on some bank or trust company au
'horized to do business in North Carolina, of an amount eaual
to not less than Five (5%) per cent of the Proposal; or in lieu
'hereof a cash deposit or certified check for 2% and a bid bond
3c; 0f the base bid; said deposit to be retained in the event
failure of the successful bidder to execute the contract with
1,1 ton days after award, or to give satisfactory surety as re
quired herein. (North Carolina Public Laws of 1933. Section 1,
Cnapter 400, and Michies North Carolina Code of 1935, Section
7534 (0) 1 and 1316 (a).
A performance bond will be required of the successful bid
tor in an amount equal to one hundred (100) per cent of the
contract, conditioned upon the faithful performance of the con
tort and upon the payment in full to all persons supplying
•abor and furnishing materials, equipment and apparatus for
and in connection with the work to be performed under the
contract.
„ The right is reserved to reject any or all bids and to waive
a‘l formalities or to award or contracts which, in the opinion
of the Mayor and City Council, appears to be for the best inter
est of the City.
Proposals must be enclosed in a sealed envelope addressed
0 J Ft. Benson, City Clerk and marked “Proposals for Con
struction Refuse Incinerator”. All proposals must be made up
Pj1 blank forms provided and included in contract documents.
bid may be withdrawn after the scheduled closing time for
me receipt of bids for a period of 30 days.
Any bid received after the scheduled closing time for the
toceipt of bids will be returned to the bidder, unopened.
J* A. Loughlin, City Engineer
J. R. Benson, City Clerk
Bond Quotations
ACL 4%s 64 _ 98%
B and u 4s 4a_ aa-/4
Can Pac 4s Perp _ 95%
CB and Q 4%s 77_112%
C and El Inc 97 _ 60
CGW 4s 88__ 90%
CRI and P REG 4s 34 .. 49
Cl Ut 4%s 77 _103
D and RG West os 55 _ 514
Hud C 5s 62A _ 73%
Hud and Man 5s 57 _ 32%
111 Cent 4%s 56 _ 77%
Int Gt Nor 6s 52_ 66
MK and T Aj 5s 67 _ 84%
Mo PG 4s 75 _ 34%
NYC Rfg 5s 2013 _ 87%
Nor Pac 6s 2047 _103%
Penn RR 4%s (55_ 119%
Ph Rr>~ Ci 6s 49 _ 34
Sal C 6s 45 _ 54%
Sou Pac Rfg 4s 55 _105%
Sou Ry Cn 5s 94 _ 122%
Sou Ry Gen 4s 56 _ 95%
West Md 4s 52 _ _104%
FOREIGN BONDS
Aust 4%s 56 _ 95%
Braz 6%s 26-57 _ 58%
Poland 5s 50 _ 25
Rio Gr Do Sul 6s 68_ 37
____XT___
CHICAGO GRAIN
CHICAGO, Dec. 16.—<•?>—May
and December wheat were weak
and under the pressure of liquida
tion today but most of the rest of
the grain list registered fractional
gains. Corn was firm at the finish
with the spot contract up nearly
a cent.
Long- liquidation of December
wheat, which opened lower, was
spurred by reports that 200,000
bushels of the grain had been tend
ered at Minneapolis. Many of the
sales were made against pur
chases of the new crop months,
July and September, v'hich were
steady to firm most of the day.
Some purchases of deferred
wheat fu.ures were attributed to
short covering prompted by a re
port on the trading floor that Sec
retary of Agriculture Wickard had
denied he would advocate a two
price plan under which parity
would be guaranteed only for that
portion of the wheat crop used do
mestically for food. A rumor that
such a plan was being considered
caused heavy liquidation Thurs
day.
The trade in corn futures was
dull. At times the December con
tract was up a cent with most of
the demand coming from shorts.
Country offerings of cash corn
were the smallest in weeks. Book
ings were estimated at 71,000 bush
els compared with 800,000 bushels
last Wednesday.
Open High Low Close
WHEAT
Dec -1.69% 1.69% 1.68% 1.68%
May —1.64% 164% 1.63% 1.63%
Jly „.1.54% 1.55% 1.54% 1.54%
Sep —1.53% 1.54% 1.53% 1.53%
CORN
Dec — 1.13% 1.14% 1.13% 1.14
May —1.10 1.10% 1.09% 1.1014
Jly —1.09% 1.10% 1.09% 1.10%
Sep —1.09% 1.09%
OATS
Dec — 69% 69% 69% 69%
May .. 63% 63% 63% 63%
Jly —. 59% 59% 59% 59%
Sep 58 59% 58 58%
RYE
Dec -1.11% 1.11% 1.10% 1.11%
May —1.09 1.09% 1.08V4 1.08%
Jly -.1.07% 1.07% 1.06% 1.06%
BARLEY
Dec —1.13% 1,13%
May .. 1.02%
Jly — 97%
-V
NEW ORLEANS COTTON
NEW ORLEANS, Dec. 16—(A5)—
Cotton closing prices were steady
45 cents a bale higher to five cents
lower today.
Open High Low Close
Mch —21.93 21.93 21.92 21.91b off 1
May ..21.86 21.86 21.83 21.85b unch
Jly —21.49 21.51 21.48 21.51b up 2
Oct .-20.47 20.57 20.47 20.55 up 9
b—bid.
■■■■ '
L. And N. Seeks Permit
For Large Bond Issue
WASHINGTON, Dec. 16—(A>»—The
Louisville and Nashville railroad
today asked the Interstate Com
merce Commission for authority to
issue $53,835,000 of first and re
funding mortgage bonds. They
would be used to retire three out
standing issues callable at 105 next
April 1. The new bonds, series F,
would bear interest at 3 3-8 per
cent.
An annual saving of $631,469 in
interest charges will be effected,
the L. & N. said, totaling $36,625,
200 if projected to the maturity of
aaaaaaaaaaaaaooooooooooooET E
the bonds to be redeemed. It said
a sinking fund for the series F
bonds would reduce the principal
amount outstanding at maturity to
about $38,500,000.
-V
CHICAGO BUTTER
CHICAGO, Dec. 16—OP)—The spot
butter market continued firm today!
and prices were nominally un
changed. Receipts totalled 218,227
pounds compared with 118,534
pounds yesterday. Grade AA, or
93 score butter, was priced at 41
1-2 a pound, grade B, or 90 score,
at 40 3-4 cents, and cooking grade,
or 88 score, at 39 cents.
The spot egg market was nomi
nally unchanged. Receipts tdBsy
were 11,224 cases compared with
8.024 cases yesterday. Extras were
quoted from 46 to 49 3-10 cents
per dozen, standards from 40 to
43 6-10 cents, and dirties from 30,
59, 34 1-2 cents.
-V
CHICAGO POTATOES
CHICAGO, Dec. 16.— (IP)— Pota
toes, arrivals 63, on track 138,
total U. S. shipments 736; supplies
light; for western stock demand
good, market firm at ceilings; for
best quality, northern stock de
mand moderate, market firm; Ida
ho Russet Burbanks, U. S. No. 1,
$3.39—3.52; Nebraska and Wyo
ming bliss triumphs, U. S. No. 1,
$3.35—3.39; Minnesota and North
Dakota bliss triumphs, fair quality,
$2.50; cobblers, commercials, $2.50;
Wsiconsin Katahdins, commercial,
$2,26 1-2; main Katahdins", U. S.
No. 1, $3.25.
-V
SPOT COTTON
NEW ORLEANS, Dec. 16.—
Spot cotton closed steady unchang
ed. Sales 2,352. Low middling-17.
56; middling 21.40; good middling
21.80 receipts 1,722. Stock 228,880.
-y
SPOT COTTON
CHARLOTTE, Dec. 16. — (£>) —
Spot cotton 21.65.
--V
BUY YVAR BONDS AND STAMPS
Wise Americans Now Fight
COUGHS
or Bronchial Irritations Due To Colds
-With Buckley's "Canadiol"
Almost instantly you get the sur
prise of your life—coughing eases
—right away it loosens up thick
choking phlegm—opens up clogg
ged bronchial tubes — makes
breathing easier.
There’s real economy in Buck
ley’s—all medication — no syrup.
Half to one teaspoonful will con
vince the most skeptical.
Get Buckley’s “Canadiol” made
in U. S. A., the Cough Mixture
that outsells all others in Austra
lia, New Zealand, Canada and
many other countries on merit
alone. At all good druggists.
BROOKLYN PHARMACY
FUTRELLE’S PHARMACY
LANE’S MARKET STREET PIICY
HOPPY HORSE _$13.98
ROCKING CHAIR - Was $4.98 _ __$2.98
DOLLS OF OTHER NATIONS_$3.98
FIREPLACE GRATES_$5.95
TREE TOP ORNAMENT (Angel)_$1.69
EXERCISE SETS _$5.98
PLAID SPORT SHIRT_$2.98
MODEL AIRPLANE _$1.50
TENNIS RACKET _$5.98
TENNIS RACKET _$4.50
FULL LENGTH KOVELS _49c
LEATHER JACKETS _$12.98
GALVANIZED ROILER_$4.98
(Can Be Used As Roaster)
CANVAS COVERS_$6.98 to $18.98
(Can Be Used As Play Tent)
RAG DOLL _$2.29
COFFEE MAKER-Was $1.19_49c
COFFEE MAKER-Was $1.49_69c
COFFEE MAKER-Was 79c_39c
COFFEE MAKER-Was $1.79 _69c
OLD HICKORY CASSEROLE_$2.49 to $3.98
OLD HICKORY PIE PLATE_49c
CENTER BOWL—With 3 Candle Holders-Was $2.20 __98c
ROSE DINNERWARE—53 Pieces_$19.98
HAND PAINTED CLOTHES HAMPER_$5.98
I
i
4
307 No. Front St. Wilmington, N. C. Dial 6628 I
- --- --- --I ‘
POWER CONSUMERS
SAVE $165,223,302
RALEIGH, Dec. 16.—(/P)—North
Carolina consumers of electric
power have saved $165,223,302 in
the past 11 years and telephone
users have saved approximately
$11,000,000 In the same period, 80
year-old Edgar Womble, rate ex
pert for the State Utilities Com
mission, said today
The savings were effected, Wom
ble said, through the cooperation of
the Utilities Commission and the
electric power and telephone com
panies operating in the state in re
ducing the consumer rates on elec
tric power and telephone service.
Most of the rate reductions
were voluntarily made by the com
panies, he said .although in 1932
when the commission began the
task of obtaining reductions, the
companies contested vigorously
against cuts, he added.
“The rise in savings effected
annually for electric power con
sumers parallels the state’s indus
trial growth in the last 11 years,"
Womble said. “Conversely it shows
the increased consumption ot pow
er brought about by lower rates.
Cheap electricity attracts consum
ers.” f
Basing his figures bn a table
composed of the five big electric
power companies operating in the
state, Womble's report showed
that consumer savings through re
duced rates rose from $2,031,951
in 1933, to $31 547.609 in 1943.
-V
American women spend $594,
000,000 a year on cosmetics and
toilet preparations.
I 3-E>c. SOLID MAPLE BEDROOM SUITE f
Early American 3
Style |
$10998 I
$23.00 DOWN BAL. MONTHLY
^: Usual Carrying Charge ^
I Distinctive Early American sty- &
ling in genuine oak veneers and K
other hardwoods. Check the "V
beauty of its details, size of in
dividual pieces, fine quality r*
construction, to prove its value,
Bed, chest-on-chest and vanity.
I BOUDOIR
CHAIR
$Q.9«
All hardwood construction . . .
covered in bright floral design
ed tapestry. A bright spot for
your bedroom.
SEWING
CABINET
$12-98
Busy seamstresses pick up min
utes with this fine walnut finish
ed cabinet. Designed for Con
venience: the revolving tray
brings thread and darning cot
ton easily to hand.
SLUNBERSOUND |
PILLOW §
w
$J.98 I
Washed, dried and fluffed by
Sears famous Paragon process. *3
Crushed turkey feather*. Heavy c*
feather proof cover. O
SLUMBERJACK
\ UTILITY BLANKET
f SIZE 62 x 82 ***_
I $5-49
80% wool with rayon and cotton. Heavy
31/2 lb. weight. Just the thing for warm
sleeping comfort at an unusually low price.
COTTON SCATTER RUGS
WHAT WONDERFUL GIFTS THEY'LL MAKE 1
!Rugs make lovely gifts — and
they’re permanent reminders of
your thoughtfulness. In Sears large
collection you’ll find rugs of varied
sizes, styles and colors.
I OVAL RAG RUG *1 1A
I 18” x 36”.$1.13
Decorator Chenille d*o on
Size 24” x 40” ....
| -
j CHECK SHAGGIE *o qq
S Size 24” x 44” .... OO
I -
LUSTER SHAG £|- ia
Size 24” x 48” .... $0.4?
. ii-' - : ' . .. ■ .... i

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About The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990