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Investors Turn Chilly Shoulder To Offerings Leading Issues Slip Frac tions But Few Register Gains markets at a glance NEW YORK, March 6—(£*)—• Stocks—irregular; price changes narrow. Bonds—lower; rails in supply. Cotton—weak; heavy general sel ling. CHICAGO: Wheat—unchanged at ceilings. Corn—unchanged at ceilings. Rye—unchanged to 5 cents low er; broad liquidation. Hogs—steady and active at ceil ings. Top $14.85. Cattle—generally steady. Top $18. NEW YORK, March 6 — (£") — Stocks slipped in Wednesday’s market although the movement was narrow and some leaders, notably steels, managed to erase losses or convert them into slight gains in late dealings. Early declines ranged to two points as continued strike dead locks and threat* of new walkouts tended to chill enthusiasm of in vestors. Buying also was retarded by pessimism over 1946 earnings prospects. Light Day Offerings, moderately active at the opening, dried up on the down turn and subsequent moves, while generally aimed at resuming yes terday’s recovery trend, failed to disclose any sustained demand. Transfers of 890,000 shares, one of the lightest totals in the past six months, compared with 1,040,000 on Tuesday. Decline in the Associated Press 80-stock average was held to .1 of a point at 73.9. Dealings involv ed only 913 issues of which 446 dropped, 301 rose and 166 closed unchanger. Some Gains Sharing in the late comeback were U. S. Steel, Westinghouse, Douglas Aircraft and Southern Pacific, which closed unchangei and International Telephone, Beth lehem, and American Can whiicl achieved fractional gains. Suffering losses of fractions t( more than a point were Genera Motors, Republic Steel, Chrysler Woolworth, American Telephone. Santa Fe, Southern Railway, Al lied Chemical, General Electriic, Air Reduction, Anaconda, Kenne cott, Public Service of N. J., Texas Co., and Owens - Illionis. Eastern Air Up Eastern Air Lines jumped 6 points for the day after disclosure of a proposed 4-for-l stocksplit. National Enameling and Stamp ing uost S 34 on a dividend re duction. Down 1 1-4 was common stock of Graham-Paige, whose difficul ties of steel procurement figured in an appeal for government allo cation of material for automobile production. The company’s prefer red shares declined 8 1-8 on the curb. On Offside Other curb stocks on the offside included Barium Steel, Niagara Hudson Power, Raytheon. Cities Service and Mesabi Iron. Creole Petroleum and Electric Bond and Share finished higher. Volume here was 410,000 shares against 380,000 Tuesday. Bonds were irregularly lower. Cotton closed $1.25 to $2.15 a bale lower, and at Chicago, oats and rye were unchanged to down 1 1-2 to 5 cents a bushel, respectively. STOCK AVERAGES Compiled By The Associated Press 30 15 15 60 lndust rails util stocks March 6. Net change D .1 D .2 D .2 D .1 Wednesday 98.1 45.0 51.6 73.9 Previous day 98.2 45.2 51.8 74.0 Week ago .. 97.6 45.3 51.3 73.7 Month ago — 106.2 50.3 53.4 79.8 Year ago_ 84.5 37.4 41.8 62.8 1946 high ... 106.6 51.0 54.1 80.4 1946 low_ 96.1 44.1 50.0 72.2 1945 high ... 102.0 48.9 52.5 77.1 1945 low_ 78.6 32.9 39.2 57.8 Stock Market Quotations (BY THE ASSOCIATED PRESS) Previous Yesterday Close Close Alleghany _ 6% 6% A1 Chem and Dye_196 194 Allis Chal Mfg „.51 50% American Can_94% 95 American Car Fdy _. 61% 61 American Roll Mill .. 30% 30% Amer Smelt and Ref .. 62% 63% A T and T...189% 189% American Tobacco B _. 84% 84% Anaconda _45% 45% Arm 111__14 13% Atlantic Coast Line_69% 69% Atlantic Refinery _ 37 36% Aviation Corporation „ 25 12% Baldwin _ 33% 33 Baltimore and Ohio .. 23% 23 Barnsdall _25% 25% Bendix Aviat . 51% 52 Beth Steel . 100% 101 Boeing Airp ..28% 28 Borden . 52% 52% Budd Mfg .21% 21% Burl Mills _41% 40% Bur Add Mach ..17% 17% Cannon Mills _63 % 64 Case J I..43% 42% i Caterpil Trac _ 70 70 Ches and Ohio __58% 53% Chrysler -121 120% Coca Cola _190 Coml Cred__ 52 51% Colm Solv _21% 20% Com with and South ..4 3% Consol Edis _33% 33% Cons Vultee . 23% 28% Cont Can _42% 42 Corn Prod _64% 65 Curt Wright _ 9% 9% Curt Wright A_31% 30% Dow Chem_;__ Doug Aire _■_ 96 96 Du Pont ._..184 184% Eastman Kod __224% ... Firestone _71% 72 Gen El_46% 46% Gen Foods__51 49% Gen Mot.-._72 • 71 Goodrich ..73% 74 Goodyear _■_62% 62% (T* "Writ* Rv Pf 5«3/, VilA Int Harvest _87% 89 Int Tel and Tel _23% 23% Johns Manv _• __ 142 Kennecott _52% 52% Ligg and M B_89 89 Loews . 36% 36% Lockheed _ 38 38 Lor ilia rd . 26% 27% Mont Ward ..81% 81% Nash Kelv .22% 22% Nat Bis ___ 33 32% Nat Cash Reg.33 39% Nat Dist..70% 70 NY Cent... 28 28% No Am Av _■_14% 14% No Pac .... 29% 29% Packard _11 10% Param Pic___•__ 68% 68% Penney J C--... 54 53% Penh R R_..._43% 43% Pepsi Cola -•_ 35 35 Phillips Pet -52% 54 Pitt S and B..11% n% Pullman --60% 60% Pure Oil...21% 21% Radio -16 15% Radio K O ..19 18% Rem Rand--- 36 36% Republic Steel-33% 33 Reynolds B - 39 39% Sears -.•-41% 4074 Soc Vav -16 1514 Sou Pac--i-i-i.-- 57% 57% Sou Ry -53% 52 Std Br --45% 45% Std Oil N J ..65% 65% . Stewart War_2174 2174 Swift --38% 38 Tex Co —. 5474 54 Un Carb ...102% 102 Unit Airl__45% 45 Unit Aire ___32% 32% Unit Corp _ 574 5% Unit Drug _•-29% 30% Unit Fruit _— 11574 Unit Gas Im_25% 25% U S Indus Chem__ 50% U S Rubber .:.. 65% 65 U S Smelt and Ref_ 73 72% U S Steel _82% 82% Vanadium _«__31% Va Caro Chem _ 10 974 Warner Pic _38% 37% West Un A _46% 4674. West El __■_34% 34% Woolworth __ 5674 56 4, CURB Dan Marconi —- 37/s 334 Dities Service _29% 28% Dolon Dvmt _ 5 5 El Bond and Share_20% 21 WHAT STOCKS DID NEW YORK, March 6.—(/P)—. Wed Tues Adances _ 301 623 Declines -- 446 159 Unchange _•_ 166 142 Total Issues_ 913 924 LOW-PiUCEDRAlL BONDS IN LOSSES High Priced Carriers, In dustrials However, End Up In Fractional Gains NEW YORK, March 6— m Lower-priced rail issues fell intc disfavor in the bond market Wed' nesday but renewed demand lifted ; number of highpriced carriers anc industrials fractions to around i point. The Associated Press average oi 10 individuals advanced to a 1946 peak and only a shade below the 1945 top. Waning support for reorganiza tion and convertible rail liens lefl the group fractions to an outside of 2 points lower. Volume Dips Volume dipped to $4,310,000 from $4,660,000 Tuesday. U. S. governments in the stock market and over-the-counter trade, already near record prices, tended higher. In the foreign dollar divisior Buenos Aires 4 8-3s of ’77 lost 2 points at 86 1-2. Issues of Copen hagen, Peru and Uruguay also de clined. In Minns Column Corporates In the minus column included Baltimore and Ohio stamped convertibles at 81 14, Bos ton and Maine 4 1-25 at 80, Chicago and Alton 3s at 60, Chicago St. Paul convertible 4 l-2s at 93 1-4, Rock Island convertible 4 l-2s at 35 14 Denver and Rio Grande Westerr 5s of ’55 at 22 1-2, Missouri Pacific convertible 51-2s of ’49 at 42 anc New Haven 4s of ’57 at 46 1-2. Higher were Cincinnati Gas ; 3-4s, Cleveland Union Terminal [ l-2s, Detroit Edison 3s, Hudsot Coal 5s, Illinois Central 4 3-4s anc Southern Railway General 4s. BOND AVERAGES Compiled By The Associated Pres' March 6. 80 10 10 10 10 rails indnst util fjn low „ . yiel Net chance-D .1 A .1 unch D 2 A Wednesday — 105.8 105.0h 108.2 76.3 119 Previous day 195.9 104.9 108.2 76.5 119 Week ago _ 105.8 104.7 107.9 76.3 119 Month ago _ 106.4 104.7 108.8 76.6 115 Year ago _ 99.6 105.3 107.2 71.7 117 1946 High _ 106.9 104.9 109.5 77.0 119 1946 Low_ 103.9 104.0 107.9 75.7 118 1945 High _ 103.9 105.5 108.5 76.7 118, 1945 Low_ 96.2 103.4 106.8 68.1 116, SWEET POTATOES CHICAGO, March 6—(NC DA)—Sweet potato market slightl weaker for Louisiana potatoes an about steady for others. Bushc crates Louisiana Port# Rican t S. No. 1 wide range in prices 3.7 to 4.10, mostly around $4. Bushc Hampers Tennessee Nancy Hall 3.60 Bushel Hampers and crate Porto Rican U. S No. 2 $4 Fria quality 8.75. Industrial Production in the U. S 1 tmSFm ^ cP^e«on in ^Uhd State. Mtx ' I . “ Calculated by the Federal Rejerve Board WSJt-ioo I 250] 1 i I Cotton NEW YORK COTTON NEW YORK, March 6- Ufi - Cotton futures slumped as much ■as $3.25 a bale Wednesday under heavy liquidating pressure touched off by confusing reports on the price control program. When the selling abated, the mar ket recovered somewhat on mill buying and short covering t0 close $1.25 to $2.15 down. Unsettling developments, includ ing reports that a raw cotton ceil, ing of about 27 to 27.5 cents a pound is contemplated, and con templated change in margins. Also disturbing to traders was expectation that the plea of textile mills that ceilings on goods be based on market prices for raw cotton rather than the somewhat lower cotton parity level will be rejected. Traders awaited with in terest a scheduled meeting of of ficials tomorrow in Washington to discuss the question of uniform margins, requested by the Com modity Exchange administration. Open High Low Last Mch 27.00 27.05 26.86 2685b off 25 May 26.78 26.91 26.50 26.70 off 25 July 26.70 26.93 26.50 26.72 off 29 0*:t 26.70 26.79 26.28 26.50 off 41 Dec 26.58 26.7v 26.21 26.43 off 41 Mch 26.58 26.72 26.15 26.37b off 43 Middling Spot 27.30n off 25. N—nominal; B—bid. (Stands for night) NEW ORLEANS SPOT NEW ORLEANS, March 6. — (TP) —The average price of middling 15-16 inch cotton Wednesday at ten designated southern spot mar kets was $1.20 a bale lower at 26.56 cents a pound; average for the past 30 market days 25.86; middling 7-8 inch average 24.93. nnAiDT Anmrir cdahtc CHARLOTTE, N- C., March 6— UP)—Spot cotton 26.70. Livestock CHICAGO LIVESTOCK CHICAGO, Marcn 6— UP)—In a market run dominated by young grades, fed steers and yearlings held fully steady Wednesday most ly at $15.25-$17.25, but pushing up to an $18 top for 1140-pounders. Yearling heifers were steady t< weak, most $14.50-$16.50, but top ping at $17. Cows were very scarce pricing at $10.50-$13 monthly, bu strictly good heifery but weighty items touched $15. Canner and cut ter cows were active from $7.75 tc $9 and better. Stock cattle were toe scarce to be quoted, and veal cal ves also were in scant run, though what appeared sold actively at $17 down. Hogs Steady Hogs cleared early, active and steady at ceilings for good and choice barrows and gilts of $14.85 and for sows of $14.10. Receipts were 9,500, of which 4,500 were sal able, the rest going direct tc packers. Slaughter lambs closed fairly active after a slow start, pushing up from steady to 15 cents higher. Good and choice fed wooled west erns brought $15.50-$15.90, three loads to shippers bringing the top, Medium and good woolskins sold al $14.50-$15.25 for numerous loads, and two double deckers of strictly good and choice 100-pound fall ‘shorn to fullwool fed lambs got $15.25. Cattle Sales Cattle salables were 10,000 and sheep 4,500, Another 4,000 sheep going to packers. UJbUA) — baiaoie hogs 4,500. total 9,500; active, steady; good and choice barrows and gilts, $14.85, ceiling: sows at 14.10, ceil ing; complete early clearance. Salable cattle 10,000, total 10, 000; salable calves 500, total 500; fed steers and yearlings fully steady; yearling heifers steady tc weak; but cows very scarce and 10 to 15 cents higher; bulls and vealers firm; largely steer and heifer runs; top 1140-lb. steers 18.00; next highest price 17.90; best heifers 17.00; bulk steers 15.25 tc . 17-25; most heifers 14.50 to 16.50; strictly good heifery but weighty cows to 15.00; bulk beef cows 10.5C • to 13.00; canners and cutters active 1 at 7.75 to 9.00 and better; heavy 7 sausage bulls to 13.25; beef bulls ® to 14.50, mostly 14.00 down; scan' 2 run veal calves sold actively a' 3 17.00 down; stock -cattle very 2 scarce. 7 Sheep Heavy 2 Salable sheep 4,500, total 8,500; slaughter lambs fully steady to 1! cents higher, closing fairly active - after slow start; good and fee 7 wooled western lambs 15.50-15.90 3 latter price top for around thre< 1 loads to shippers; numerous load; . medium and good woolskins 14.50 5 15.25; two doubles strictly g°o< 1 and choice 100-lb. fall-shorn to ful s wool fed lambs 15.25; odd head s good and choice native slaughte r ewes 8.00; common to good lot 6.75 to 7.75. , Grain CHICAGO GRAIN CHICAGO, March 6—(JP)—Grain futures prices, which were under more than usual pressure all day, finally buckled near the close of Wednesday’s trading. May rye skidded the full 5-cent limit per mitted in one day( and oats aa much as 1 1-2 cents a bushel, pul ling the July delivery off the ceil ing for the first time in several weeks. The slump in cotton and a 5 cent limit break in May rye at Win nipeg were the influences, traders said, which knocked the props from beneath that grain. Oats eased off with a fading demand which was followed by somewhat heavy sel ling. Buying orders for all deliver ies of oats which had accumulated recently were relieved to have been fairly weU met in the sell-off, which included a moderate volume of hedge sales and spreads. Grading Slow Trading in other grains continued at a slow pace because of the ab sence of sufficient offerings, but there was some further liquidation of May wheat on which trading has been suspended except for evening up presently outstanding commit ments. The open interest in this de livery has been reduced only about 4,000,000 bushels from the approxi mately 15,000,000 bushels under commitment when the suspension order was issued two weeks ago. Wheat, corn and barley closed again at ceiling prices of $1.83 1-2, $1.21 1-2 and $1.26 1-2; oats un changed to 1 1-2 cents lower than yesterday’s finish, May 83-cent | ceiling; rye unchanged to 5 cents off. May $2.16 1-2. scarcity Continues Trade analysts said there appear ed to be no loosening of the grain scarcity in commercial channels since the ceiling prices were raised last Monday. Farmers were under stood to be still holding their sur plus stocks, hopeful of further ceil ing advances, while elevator in terests are reluctant to make ship ments because of a probability that replacements would not be forth coming. At the same time, one observer said there seemed some indication that holders of whect futures were inclined now to sell on the belief that if ceilings are not to be rais ed again in this crop year, they are not likely to be raised later ; when demand might be less ur gent. Open High Low Close July 1.83% - .. 1.83% Sept 1.83% . 1.33% Dec 1.83% . 1.63% CORN May .1.21% - 1.21% July 1.21% . .. 1.21% Sept 1.21% . l.2d% OATS May- - - 83 July .. 83 83 82 % 82% Sept .. 81% 81% 80% 80% Dec — 81% 81% 80% 80% RYR May 2.20% 2.21% 2.16% . July . 1.48% Sept 1.48% . 1.48% Dec 1.46% . .. 1.48% BARLEY May . i.26% Juty .-. 1.26% SePt -. 1.26% CASH GRAIN CHICAGO, March 6—yp)—Wheat: No. 2 red and No. 2 hard, 1.82 nominal, ceiling; Corn: No. 2 yellow, 1.19 1-2 nom inal. Oats: No. 2 white, 86-87 nominal. Barley: malting 1.25-1.43 1-2 nom inal; feed, 1,14-1.24 1-2 nominal. Field seed per hundred weight, nominal; Red Clover, 31.50; Sweet Clover, 10.75; Alsike, 28.50; Alfalfa common, 33.50-36.50; Timothy, 5. 75-6.00; Red Top, 12.00-12.50. RALEIGH POULTRY RALEIGH, March 6. — (ff)-_(NC DA) — Poultry and egg markets about steady. RALEIGH—U. S. grade A, large, 36. Fryers and broilers 22 to 25, hens 20 to 23. Bond Quotations FINAL BOND QUOTATIONS NEW YORK. March 6.—(£>)_ At and Sf 4S 95 -.138% ACL 4%S 64 113% B and O € 46-.105 Can Pac 4S perp .149% Cb and Q 4%Sl 77 .—118% C and Ei Inc 97 --... 80 Cri and P R 4S 34--83 Cl Ut 4%S 77---. 10^% D and G W JiS 55-22 V Hud Man 5S 57 ..._ 70?? Ill Cent 4%S 63..- Zg* - Mk|ndTAj5S67.IHHiog^ Mo P G 4S 75- nr3/ 1 NYC Rfg 5S 2013 .... -,£}£ ! Penn Rr G 4%S 65 ]?lVi Sou Ry Gen 4S 56 ; west Md 4s 52 FOREIGN BONDS t Aust 4%S 56 _ 102 | treasury bonds ■ ^5Tl2^62l59DeCll03^P-l 1 V2 106.2 up 3 X 4 104.30 ' BOOTS AND HER BUDDIES— NOT SO GQOri _ 'i ' 1 \ r . - " \ I 2 vr^ LWtt . -30 mrn <3 V\OVo \\ re • IN I VS SCPWt&'.fcU® fvK>0 COK>K>Vv5\Vi6,SCV\%W\W<b WOMPi^’.l VWOV was. 6tn\Ki<a MMZRVCO MWRQVVW6 CR\ VW OID fcOV ] «K>V OFW <OOVi M30 Vflt. TO\WO<=>« ■WMV5VS WS fSVV VOO'ft vm\j ’ -- ——nr THIS WILL V LEAVING AFTER 16 YEARS BREAK YOUR \ .OP TERRORIZING US. YOU MEAN HEART. MRS. Wl. YOU'RE ACTUALLY.... --' tso YOU TOOK THE J a COP STOPPED 1 CAR OUT. AFTER ALL, - ME, BUT l TALKED YOU'RE TAKING BIG tT, HIM OUT OF IT. J CHANCESMVILMEg. -—H ' ^L^AieTEC MjLLIONBUO^- ) PATIENCE H WHY THE PELAy? WE'VE FORT1TUP <SOT-THE DOUfiH. m M'PE.AS- —: f FRED? VeR-HIS PLACE IS JUST 1 WHO'S FREO? II OP THE ROAD--YOU PASSED w THE HER^^i OUT OUR WAY— By j. R. WILLIAMS WE’RE \ I LOOK AROUND PALM \ A-LOOK.IN’ I \ SPR.INGS ER. TH’ ) PER. A V WALDORF.' DON’T \ MILLIONAIRE ) COME PULLIN’ ME OUT ' Rancher. I of a chickum crate - . AKJ’ A \ VOU’LL GIT BOTH MILLIONAIRE ] BAR’LLS NEXT c°OK/^-~ BI6 faAME HUSH Eg S 3-fc - W*W>W»«WW.«U.>Mt>,fct|1 J3 rjfsrs****51 W\6W YO Y\6WY Tv\W Sqo\c^R>T Wt£> HtSW^lnr ■■/ M WU<=,fcl\KK> • H\S ovo sK !/a ,01 -rrr ****&'.?£&$ I ~\ WASH TUBBS— ANDlroWTHE f\^I r N0.« ITS T PEOPLE HAVE ALMOST FORGOTTEN THE^ •TmTdAYS ARE VvnTTT,-^ TOO GOOD TO \ KIDNAPER OF EVA SASSO. AND A SCAR W NEARLV OVER T rnii BE TRUE! WE \ LIKE MINE IS NOT SO CONSPICUOUS I ■ JULKIE. I LIVE unvVJ^I GAL/E UP BoNLVJOsK^^g^l^ GASOLINE ALLEY— _ THE BIRTHOFAHU^I MAYBE YOU CAN I'LL LAY LOW A COUPLE , DON'T WANT SAY' I'VE COT ,7^ GET BY ONCE, . O' DAYS. I CAN TALK YOU TO DSIVE IT WE CAN USEIff , ? BUT YOU'D BETTES TO THOSE BlSDS: I * UNTIL WE HAVE A OF MONTHS NOTTRYITAGAIN. J WON'T GET ANY TICKET. (LICENSE FOP IT, j a LICENSE' Tl mi ^ by to^ UK. BOKBb— by ELLIOTT and McARDIil Mmmrnmmmmmmmmmm* —■■■ ■ ■ ■■ ■ ■ * - -- & WOULD YOU MIND (YOU -TO ADDRESS THE UDV WHO j THIS WAS NOT THE WAY, DEAR L LEAVING .DORIS- STAY MAY SOON BE MV WIFE - [ LITTLE LADY, I WISHED TO ASK K AND WAIT FOR 0 RIGHT HERE WITH THE PROPER RESPECT// TO MARRY ME.. - ME OUTSIDE/ -AND I’LL BUT SINCE THE t tun* it DOCTOR-^ THE BAG- WAY-AND J \ .AND I ACCEPT, THE GUMPS— :<s*y** , KEENAN’S A SHARPEll r yl. ,r.-r I I' t.ai IE ■ l‘TT ■ .1 J IUIIIII1III.I mmi ..mm,... -- - - - _ _ # UT JON RNoWg *■ ) - AND FOUND 'EM SLACKER NE'VE &OT\ THAN THE INTERIOR OF \W/FEr ^ \ A DERBY HAT- SUT vj MQBYNOW, \ LOOK-I'LL LET YOU i )>n om the ace up my 1 ^TUPlEP OUR /s- _ -5LEEVE,' v % Record > 1? M BACMWPiRPS! J ^ (C L1_TLE QRPHAN ANNIE— THEY WERE A COUPLE OF KM FRED FURROW™ OH, t MIGHT AS WELL TELL YOU HE WENT TO WAR"- THE WHOLE STORY, ANNIE'"FRED 'WAY BACK IN AND l WERE KIDS TOGETHER ALL FORTY-TWO™ THROUGH SCHOOL" WE-WE always —- FIGURED WE'D GET MARRIED-SOMETWE 7\\ wr&bi. [ OUR BOARDING HOUSE with MAJOR HOOP® VOU SAID TH& OLD TUB W'EGAD.VES, SPORT/THAT p WAS SlNKlM' OFFA TH' M TURlMED AM AMAZlMS'-] 2?^'.^™' BAILORS gg SOMERSAULT |M THE ^ MUTIMIED—'VOU TIED FOANAV BRlM£-~- MM VER CARCASS TO THE WlERE RlPPED ASUMD£P MAST AM' HOLLERED \g( A DOZEM MEM RUSHES; NOU'D STICK TOTH' SHIP VgA-, AT NAE VO'TH KMNES TILL VER M.USTACHE: —r AMD ——— r1 FLOATED/—THAT MJAS ^SriDDAV-s IMSTALMElMT \ /tapRAD'C Vi;'i —SPILL ME SOME MORE/J ( ^^qST ' ( y/WAT'S 5^ ^ lipOAv " CONSTRICTOR I IN THE HOUSE?