The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990, December 31, 1944, FINAL EDITION, Image 15

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The Wilmington morning star. [volume], December 31, 1944, FINAL EDITION, Page 15, Image 15
About The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990

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The Wilmington morning star. [volume] (Wilmington, N.C.), 31 Dec. 1944. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn78002169/1944-12-31/ed-1/seq-15/>

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MARKET FINISHES
1944 ON UPBEAT
NEW YORK. Dec. 30.— (UP) —
The Stock Market finished 1944
this week on an upbeat that car
ried the main list to a new high
since Sept. 4, 1937 as the nation’s
industry went all-out in produc
tion of weapons of war to hasten
victory in Europe.
Stock Market valuations rose
more than half a billion dollars in
.he last week of the year to bring
Ihe gain for December to nearly
5J,000,000,000. The rise for the
ear was almost $11,000,000,000.
Although improving European
war news chiefly was responsible
lor the week’s rally, bullishness
also reflected publication of fav
orable corporation earnings re
ports, stock split-up action by
Westinghouse Electric and United
Merchants & Manufacturers, and
a statement by the Magazine Iron
Age that new and rising war ma
tenal demands from Europe may
mean cutbacks after V-E day of
only 15 to 25 per cent, or less, in
stead of 40 per cent or more, as
had been expected a few weeks
ag°
Motors were sharply higher un
aer leadership of Chrysler. Stude
baker this week announced that its
1944 sales reached a record $410,
000,000 and Willys-Overland Motors
Inc., reported net income for the
fiscal year ended Sept. 30 of $1.64
a share, compared with $1.32 in
the previous year.
Passenger and freight traffic of
. '__ i-oilrnn/le lM 1Qdd roaphpH
record proportions, the Association
of American Railroads said this
week.
Confirmation by WestinghouSfc
Electric directors this week of a
report the company planned a
stock splitup sent common and
preferred shares up more than 10
points. The stocks are to be split
4-for-l. Stock of United Mer
chants & Manufacturers also climb
ed sharply on announcement ol
a 2-for-l splitup.
Commenting on such action by
various corporations, Standard &
Poor's corporation said splitups
are occurring on a scale remin
iscent of the 1920’s, with the same
invigorating effect on the market
for the issues involved.” Such
splits have been announced by
Dec. Reynolds, Gamewell Co.,
Lerner stores, Oliver Corp., Pepsi
Cola. Schenley Distillers, American
Airlines and Loew’s, Inc.
—--V
CHICAGO LIVESTOCK
CHICAGO, Dec. 30.—OP)—Salable
cattle 200; calves none; compared
Friday last week; receipts meas
urably smaller during week but
demand for medium weight and
weighty steers narrow; choice
grades 25 lower; choice yearlings
steady 25 off; demand broadesl
for common, medium, and aver
__3-* 4 3 — n11 iimirrVltc +VtOCC
mainly steady; top choice 1400 lb.
steers 17.00: practical top year
lings 17.50. extreme outside 17.85;
bulk fed steers and yearlings 13.50
16.50; cuttery and common kinds
scarce; closing steer trade health
ier than earlier in week: cuttery
and common heifers firm but me
dium to choice fed heifers 25-5C
lower; most fed heifers 13.50 tc
1.25. extreme top strictly choice
offerings 16.25; runaway markets
on cows and bulls; cows 75 tc
1.00 higher and bulls mostly 1.0(
up, instances more on both class
es; vealers firm at 15.50 down:
cutter cows closed very active a'
8.25 down; most beef cows 9.00 tc
13.00, with 14.50—and better paic
on strictly good cows; heavy sau
sage bulls reached 13.00 and heavj
fat bulls 14.50; very narrow, weal
trade on stock cattle at 12.50 dowi
to 9.00.
-V
CHICAGO POTATOES
CHICAGO. Dec. 30—(57—Pota
toes. arrivals 59, on track 122,
total U. S. shipments 789; supplies
light, trading light; for Idaho Rus
sets. market slightly weaker; for
utility grades, market firm at ceil
ings for U. S. No. 1; for other
vrestern stocks market firm al
ceiling; for Minnesota and North
Dakota, market slightly stronger;
Idaho Russet Burbanks, U. S. No,
1 $3.52; Colorado red McClures
U. S. No. 1. $3.37; Nebraska Bliss
Trium.p .s. U. S. No. 1, $3.39; Min
nesota and North Dakota Bliss
Triumphs, commercials, $2.80; U
' No. 1 washed, $3.07; cobblers
commercials, $2.80.
CHICAGO GRAIN
CHICAGO, Dec. 30.— (#)—Grain
futures markets absorbed heavy
realizing sales today and closed
rear the top prices after a session
of extremely heavy year-end trad
ing.
After an uncertain beginning all
markets turned strong. Wheat led
the advance and May rye estab
lished a new five-month high. Gen
eral buying, by both commission
houses and professional operators,
developed about mid-session. Of
ferings were light until the ad
vance encouraged profit taking
sales.
Market sources attributed the
heavy demand to short covering
and to a higher stock market.
Short covering in wheat was
prompted by indications the de
fense supplies corporation would
announce new flour subsidy rates
during the week-end. The hew
schedules are expected at least
to reflect a recent four-cent boost
in ceiling prices for cash wheat.
Grain traders anticipate a heavy
increase in flour sales to result.
At the finish wheat was 1 1-8 to
15-8 higher than yesterday’s
close, May $1.64 7 -8-1.65. Corn
was up 1-2 to 1 1-4, May $1.11 7-8
12. Oats were 7-8 to 1 1-8 higher,
May 67 1-8-68. Rye was up 3-8 to
off 1-8, May $1,14 5-8—3-4. Barley
was 1 3-4 to 2 higher, May $1.12.
Cash interests and commission
houses were the best buyers of
corn ana iraae sources aunuuieu
the increased demand to reports
the government plans to build up
a 50 million bushel stockpile of
the grain to assure processors
supplies in the event of a short
crop next season. Cash handlers
reported relatively light bookings,
135,000 bushels, for deferred ship
ment and sales of 25,000 bushels.
Open High Low Close
May -.1.83% 1.65 1.63% 1.64%
Jly —1.54% 1.56 1.54% 1.55%
Sep -.1.53% 1.54% 1.53% 1.54%
CORN
: May -1.11% 1.12 1.11 1.11%
Jly —1.10& 1.11% 1.10% 1.11%
Sep —1.09% 1.11 1.09% 1.11
OATS
. May 66% 67% 66% 67%
. Jlv ... 61% 62% 61% 62%
Sep — 59% 60% 69% 60%
RYE
May -1.13% 1.15 1.13% 1.14%
Jly —1.10% 1.11% 1-10% 1 11%
Sep -1.07% 1.06% 1.07% 1.07%
BARLEY
Maj -1.10 1.12 1.10 1.12
Jly —1.04% 1.06 1.04% 1.05%
NEW YORK COTTON
NEW YORK, Dec. 30—(IF)—The
cotton futures closed 10 cents a
bale higher to 20 cents lower.
Mch -22.06 22.09 22.05 22.07 up %
May -21.99 22.00 21.96 21.98 up %
Jly —,21.73 21.74 21.68 21.70 unch
Oct - 20.70 20.70 20.66 20.68 off 3
Dec -.20.61 20.62 20.61 20.60 off 4
Middling spot 22.49n up 2.
n—nominal.
-V
SPOT COTTON
CHARLOTTE, N. C„ Dec. 30.—
IJPl—Spot cotton, $21.80.
Stock Market Quotations
<BX THE ASSOCIATED f BESS)
Adams Exp _13%
Adams Millis _33
Air Reduction _39%
Alaska Jun _ 6%
Alleghany _ 3
A1 Chem Dye _152
Allis Chal Mfg . 38%
Am Can _90
Am Car Fdy _39%
Am For Pow _ 2Vs
Am Pow Lt _ 2%
Am Rad St S .— 11%
Am Roll Mill _ 15%
Am Smelt and Ref _4014
Am Sug Ref - 55%
A T and T _163%
Am Tob B _ 65%
Anaconda _29%
Arm 111 - 6%
A T and S F _83
ACL _ - 53%
Atl Ref . 31
Atlas Pow _60
Aviat Corp _ 5%
Baldwin _26
B and O _ 17&
Barnsdall _ 16%
Bendix Aviat _47%
Beth Steel . 65%
Boeing Airpl _ 18
Borden _ 33%
Borg Warner _39
Briggs Mfg _39
Budd Mfg . — 10%
Budd Wheel . — 10%
Burl Mills _40
Bur Add Mach - 14
Calumet and Hec - 7%
Can Dry _35
Can Pac _11%
T T QK7/.
Caterpil Trac - — 49
Champ P F ..— 29V
Ches and O -50V
Chrysler - 95V
Coca Cola _136
Colum G and E - 4V
Coml Credit - 393,:
Coml Solv -16 V
Comwlth and Sou - V
Consol Edis_24V
Con Oil . -32
Cont Can -37V
Curtiss Wright - 5V
Curtiss Wright A -18
Davison Chem -16 V,
Del Lack and W - 9V
Doug Aire -70
Du Pont _ -155V
Eastman Kodak -178
Elec Auto Lt -44
Elec Pow and Lt - 3V
Firestone -56V
Freeport Sul -33 V
Gen Elec „. 39V
Gen Foods _41V
Gen Mot -64
Gillette __-.16%
Glidden _24V
Goodrich _54V
Goodyear -51V
Graham Paige - 5V
Gt Nor Ry Pf . 48V
Hud Mot _ 15
Hupp Mot - 3V
111 Cent..— 23
Int Harvest__ 80V
Int Nick Can ..—.29
Int Tel and Tel —.—- 19V
Johns Man _10:
Kennecott_37V
Kinney _ 9
Kroger Groc -37
Libby O F G1 ..52
Ligg and Myers B -77%
Loews _-— 79%
Lorillard _ 18%
Louis and Nash _lltf%
Mack Truck _ -47%
Mo K T ...— 6%
Mont Ward -5114
Murray Corp _ 13%
Nash Kelv _ 16
Nat Biscuit _24
Nat Cash Reg -34
Nat Dairy Prod -25%
Nat Dist _ 36%
Nat Lead _2414
Nat Pow and Lt_ 7 Vs
N Y Cent _23%
No Am Aviat _ 10
North Amer _ 19%
Nor Pac _20%
Ohio Oil . 18%
Otis Elev_ 23%
Pac G and E -35%
Pac Mills _42*4
Packard - 5%
Param Pic _23%
Penney J C _108%
Penn-Dix _ 4
Penn RR - 33%
Pepsi Cola New ...-25%
Phillips Pet _44%
Pitt Scr and B _ 6%
Pub Svc N J - 17%
Pullman _48%
Pure Oil. 17
Radio _ 10%
Radio K O . 9%
Rem Rand _23%
Repub Steel ..._19%
Reynalds B _31%
Seah Oil _ 23%
Sears _105
: Shell Un ..26
, Socony Vac - 13%
, Sou Pac -42V
Sou Ry _34 V
; Sperry -28%
Std Brands _28V
i Std Oi! Cal ..- 38V
i Std Oil Ind_,_33%
i Std Oil N J - 56V
Stewart Warner .- 16%
i Studebaker _ 19V
, Swift _ 31%
Tex Co _49
Tex Gulf Prod_ 6%
i Tex Gulf Sul _36%
Timken Det Ax -37 V
i Transamerica _ 11
Trans West Air _28V
Union Carbide _ 79%
, Union Pac -114%
i United Aire _30V
i United Corp _ IV
i United Drug - 17V
! United Fruit .89%
Unit Gas Imp -14V
i U S Indus Chem _39
i U S Pipe __—.. 35
, U S Rubber_52V
i U S Smelt Ref __- 52
U S Steel ...60 V
Vanadium -21V
Va Caro Chem _ 4V
i Warner Piet _ 13V
West Mary - 5V
, West Union A _44V
West El Mfg .. 123V
: Wilson —.-10%
! Woolworth _42
i Youngs S and T _40V
Final stock sales, 1,016,440.
CURB
twines aei vice _ion
Colon Dvmt _ 4*/<
El Bond Sh __10
-V
STOCKS IN THE SPOTLIGHT
NEW YORK. Dec. 30—(£>)
Sales, closing price and net changf
of the fifteen most active stock;
today.
Aviation Ccrp 52,800 5% No
Leh Val Coal 32,100 2% A %.
Park Utah 31,300 2% A %.
Pepsi Cola New 25,700 25% D %
South Pac 22,800 42% D %.
Silver King Coalit 19,800 7 A %
Packard Mot 13,700 5% No.
Balt and Ohio 11,900 127/e D %
United Corp 11,700 1% D %.
N Y Central 11,000 2314 No.
Callahan Lead 10,400 1% A %.
Int Tel and Tel 9,900 19% D %
Pitt Scr and B 9,600 6% A %.
U S Steel 9,500 60% No.
Bush Term 9.400 9% A %.
Graham Paige 3,169 9 No.
FOREIGN EXCHANGE
NEW YORK, Dec. 30—(tfl—For
eign exchange rates follow (Grea
Britain in dollars, others in cents)
Canadian dollar in New Yorl
open market 10 3-4 per cent dis
count or 89.81 1-4 U. S. cents, un
changed.
Europe; Great Britain officia
buying $4.02, selling $4.04.
Latin America: Argentina fre
24.89, unchanged; Brazil free 5.25n
Mexico 20.65n.
n—nominal.
■-V
N. C. HOGS
RALEIGH, Dec. 30—(£)—(NCDA
—Hog marketi steady at Clinto
with top of 14.25
a
Bond Quotations
ATSF 4s 95.-.130
ACL 4%s 04 .. 99
B and 0 4s 48..100
Can Pac 4s Perp - 96%
CB and Q 4%s 77 _.113%
CRI and P Ref 4s 34 - 50%
O Ut 4%s 77 - 103%
D and RG ’-Vest 5s 55 - 5%
Fla TEC 5s 74 _—- 56
Hud and Man 5s 57 - 34%
111 Cent 4%s 56 -.. 77%
Int Gt Nor 0s 52 .. 66%
L and N 4%s 2003 . 105%
MK and T Aj 5s 67 - 84
Mo PG 4s 75 .. 37%
NYC Rfg 5s 2013 .- 92%
Nor Pac 6s 2047 —. 104%
Penn RR 4%s 65 .119
Ph Rdg Ci 6s 49 .— 35%
Sal C 6s 45 ...— 56
Sou Pac Rfg 4s 55 - 105%
Sou Ry Gen 4s 56 _..- 96%
FOREIGN
Aust 5s 55 -..100
Aust 4%s 56 ....._ 98%
Braz 6%s 20-57 .. 57%
Rio Gr Do Sul 0s 68 - .. 37
U. S. GOVERNMENT
Treasury
2%s 69-64 Dec __100.11
2%s 70-65 _....100.10
2%s 71-06 _100.14
-V
FOREIGN EXCHANGE
NEW YORK, Dec. 30.—(.^—Clos
ing Foreign Exchange rates follow
(great Britain in dollars, others in
cents):
Canadian dollar in New York
open market 10 3-16 percent dis
count or 89.81 1-4 U. S. cents, un
changed.
Europe: Great Britain official _
buying $4.02, selling $4.04.
Latin America: Argentina free
24.89, unchanged; Brazil free 5.25n;
Mexico 20.65n. 1
n—Nominal. ,
-V- ;
SPOT COTTON i
NEW ORLEANS, Dec. 30—(A>l— !
Spot cotton closed steady un- i
changed. Sales 512. Low middling
17.80; middling 21.55; good mid- i
dling 21.95. Receipts 3,779. Stock
231,757.
—-V
NAVAL STORES
JACKSONVILLE, Fla., Dec. 30
—(£)—Turpentine receipts 26, ship
ments 489, stocks 39,142.
Rosin receipts 52, shipments 77,
stocks 16,811. '
CHICAGO BUTTER AND EGGS
CHICAGO, Dec. 30—(#)—The spot
mtter market was nominally un
hanged today. Receipts were 332.
78 pounds compared with 281,654
counds yesterday. Grade AA, or
i3 score, was priced at 41% cents
i pound.
The spot egg market also was
lominally unchanged and the un
iertone was quoted as firm. Re
ceipts totaled 8.907 cases. Extras
.vere priced from 42 95-100 tc
15 3-10 cents per dozen. Standards
and current receipts 40 6-10, dir
ties from 32 to 35% cents, and
checks from 32 to 35 cents.
-V
BUY WAR PONDS AND STAMPS
NEW ORLEANS COTTON
NEW ORLEANS, Dec. 30—(fP)—
Cotton closing prices were steady
i 13 cents a bale higher to 10 cents
lower.
Open High Low Close
Mch _22.08 22.08 22.06 22.06 up 2
May - .22.03 22 C4 22.01 22.03 up 3
Jly --_21.77 21.78 21.73 21.73 unch
Oct .--20.74 20.74 20.66 20.70 off 2
--V-—
N. C. EGGS, POULTRY
RALEIGH, Dec. 30—OP)—(NCDA)
—Egg and poultry markets steady,
U. S. grade AA large 52 to 54;
hens, all weights, 25.
-V
Peter the Great of Russia could
not read or write until he had
been czar five years.
BUY WAR BONDS AND STAMPS
~ Without Physical
and Mental Suffering?
Invaatigat* The Ka»l«y TiS*J
ment. Over 60 years azparione*
On*-half million patiants.TTlta'"
quest confidential information.
So«*k— |
V—i .wi ammimm «—/
British Paratroopers Battle ELAS In Athens I
3BwWWWBWiBWHWB8aHHBMWI8888a88MqSfXKiyiy»'iV.:.'.\vivivj.v^ijjv.v-'- m - ^■ ■
British paratroopers take cover on the ground and against the walls of buildings on a
strewn street in Athens as they battle ELAS forces. This is an official British photo. (AP Wi p
by OWI radio). _____.
Seventh Army Yanks Pump Shells Into Germany
A. U. S. Seventh Army mortar crew pumps s hells into Germany from a position just off the
main street of Lauterbourg on the Alsatian-German border. Left to right: PFC. Eugene Giles, Ithaca,
N. Y.; Pvt. Joseph Barianus, Avella, Pa.; Cpl. Ge orge Carlisle, Henderson, N. C.; PFC. Holly Gobble,
Pamplin, Va., and PFC. Dominico Rago, Philadel phia, (AP Wirephoto).
I [They*ll Do It Every Time By jimmy Hado
>EAR! HEAR! MAT A
NOODLE! I MOVE WE_/«
START WORKNOUM
XSECONO"^
SPLENDID IDEA, A
“!,WHAi: MISTER
SECRETARY? I <
TRUST YOU ARE
putting rrAU
IN THE RECORD?
'*M J§> I
I Li mmm
1^ 0 WHEM THE SHOUT1M6S I
OVER, WHO 6ETS THE
VORk DUMPED RlSHT IKJ
j PIS LAP? WHO, BUT VE
POOR OLD SECRETARV'- /
^WELL,THERMS THE OUUJNEtlZ
r OF MV PLAN, 6E0R.GE. I \r
KNOW SOU’LL PUT IT O'ER- 1 ^
S I’D LIKE TO BE HERE TO y ®
( HELP ypU"*BUT I’M
V LEAVING FOR THE )
1 COAST TOMORROW-AaKb.
'X4\ojmL 'X&
Thomas A-Dearth,
SE03ETARV, 0.f?O.E,
LANCASTER,
CALIF.
THE SUNDAY STAR-NEWS
---

The Wilmington morning star. [volume], December 31, 1944, FINAL EDITION, Page 15, Image 15
About The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990

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The Wilmington morning star. [volume], December 31, 1944, FINAL EDITION, Page 15, Image 15
About The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990