The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990, April 16, 1946, Image 12

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The Wilmington morning star. [volume], April 16, 1946, Page 12, Image 12
About The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990

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The Wilmington morning star. [volume] (Wilmington, N.C.), 16 April 1946. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn78002169/1946-04-16/ed-1/seq-12/>

Newspaper Page Text

Last Minute Buying Lifts
Market Favorites To Gains
Retail Stores, Utilities Join
Rails, Steels In
Advances
markets at a glance
NEW YORK, April 15—UP)—
Stocks—Irregular, late buy
ing balances some early losses.
Bonds—Lower; rails in sup
ply.
Cotton—Firm; mill and out
side buying.
CHICAGO:
Wheat—Unchanged at ceil
ings.
Corn—Unchanged at ceilings.
Rve—Unchanged to 4 cents
higher; strong demand.
Hogs—Active and steady at
OPA ceilings. Top 514.85.
Cattle—Medium and good
kinds generally 15 cents low
er. Top S18.00, the ceiling.
NEW YORK, April 15—(A’)—A
lest minute burst of buying lifted
some of the steels, utilities, re
tail stores, aircrafts and selected
hidustrials fractions to around ®
point in Monday’s market. A num
ber of pivotals remained in losing
territory, however.
Until the final quarter hour a
majority of issues in the Hst had
minus signs attached. The Asso
ciated Press averages gained for
tfie first time in almost a week, the
80-stock composite rising ,1 of a
point to 79.4.
ouarp
Some securities rose sharply,
including Bath Iron Works, up 4
1-4 (on a dividend announcement);
International Paper preferred, up 4
6-4; Eastern Air Lines, up 5 1-4,
and Revere Copper & Brass, up 1
6-8.
Brokers called the late rally a
technical advance stemming from
ftie gradual decline of the past
aeverai days.
Even though the soft coal strike
entered its third week and steel
operations were scheduled at only
77.4 per cent of ingot capacity
against 78.3 during the last seven
days, customers grew a little bull
ish concerning an end to the walk
out.
On News Factors
Other factors were prospects for
some business for American com
panies from the English loan and
the chance that Office of Price
Administration regulations may be
changed considerably.
Despite the overall gain there
were only 334 advan-es but 423
declines out of a total of 941 stocks
delt in. Volume war low, amount
ing to 1,170,000 shares compared
with 1,230,000 Friday.
Favorites Gain
Higher were U. S. Steel, Repub
lican Steel, Chrysler, Sears Roe
buck, J. I. Case, United Aircraft,
American Telephone (on a good
earnings report), Western Union
‘1A,” Phelfps Dodge, Amerioan
Can, Union Carbide, N. Y. Cen
tral, Texas Co., Sunray Oil, New
port News Shipbuilding, Childs
Co. and Commercial Solvent*.
Lower were Youngstown Sheet,
Willys-Overland, General Motors,
Goodyear, U. S. Rubber, Cater
pillar, Glenn Martin, American
Airlines, American Water Works,
American Smelting, Du
Pont, Allied Chemical, Eastman
Kodak, Philip Morris, Southern
Railway and National Distillers.
Bonds Lower
Bonds were irregularly lower.
Chicago oats finished 1-8 cent a
bushel up to 1-4 down while oats
were unchanged to 4 improved.
Cotton rose 85 cents to a bale.
In the curb gains were made by
Bunker Hill. Gorham, Sun Ray
Drug and Hummel-Ross Fibre.
Transfers here totalled 460,000
shares against 490,000 Friday.
stock averages
Compiled by The Associated Press
April 15—
30 15 15 60
Indus Rails Util Stocks
Net change A.l unch A.2 A.l
Monday 107.5 46.6 53.9 79.4
Prev. day 107.' 46.6 53.7 79.3
Week ago 107.4 46.7 54.2 79.5
Month ago 100.7 46.0 52.2 75.6
Year ago 85.0 39.1 42.8 63.5;
1946 high 108.8 51.0 54.3 80.41
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
WHAT STOCKS DID
NEW YORK, April 15.—(/P)—
Mon. Sat.
Advances. 334 198
Declines _423 457
Unchanged . 184 171
Total Issues . 941 826
Cotton
NEW YORK COTTON
NEW YORK, April 15——
Cotton futures rallied 85 cents to
$1.75 a bale in quiet trading Mon
day, influenced by growing opposi
tion of cotton Congressmen to the
program for curbing further price
advances in cotton.
Mill buying, scattered New Or
leans and local demand rallied the
market as much as $2.15 a bale in
early dealings. Light hedging sup
pressed values partially but prices
again strengthened on a new
declaration of Representative
Pace (D-Ga.) that prospects for
enactment of his bill to raise farm
parity prices substantially were
good.
The May 1946 delivery lagged in
the general market advanoe due
to light pressure of liquidation
prior to first notice day for May
contracts on April 25.
Futures closed 85 cents to $1.75
a bale higher.
Open High Low Last
May 27.46 27.65 27.46 27.60 up 17
Jly 27.63 27.79 27.63 27.76 up 26
Oct 27.58 27.72 27.53 27.70 up 30
Dec 27.58 27.75 27.49 27.67 up 35
Mch 27.63 27.75 27.55 27 68 up 28
May 27.60 27.66 27.51 27.59 up 28
Middling Spot 28.13n up 12.
n—nominal.
NEW ORLEANS COTTON
NEW ORLEANS, April 15.—VP)—
Cotton futures closed steady $1.25
70 a bale higher.
Open High Low Close
May 27.44 27.47 27.44 27.45b up 25
Jly 27.53 27.73 27.33 27.66b up 29
Oct 27.54 27.68 27.46 27.63 up 32
Dec 27.60 27.70 27.50 27.68 up 32
Mch 27.68 27.76 27.56 27.73 up 34
NEW ORLEANS MIDDLING
NEW ORLEANS, April 15-—(TP)—
The average price of middling
15-lflth-inch cotton Monday at ten
designated Southern spot markets
was $1.13 cents a bale higher at
27.58 cents a pound; average for
the past 30 market days 27.45;
middling 7-8-inch average,
NEW ORLEANS SPOTS
NEW ORLEANS, April 15—(JP)—
Spot cotton closed steady $1.30 a
bale higher here Monday. Sales
73, low middling 22.10, middling
27.85, good middling 27.75, re
A ADA _4^017 A*)A
CHARLOTTE SPOTS
CHARLOTTE, April 15—(IP)—
Charlotte spot cotton, 27.75.
FOREIGN EXCHANGE
NEW YORK, April 15.— (IP) —
Closing exchange rates follow
(Great Britain in dollars, others in
cents):
Canadian dollar in New York
open market 9 9-16 per cent dis
count or 90.81)4 U. 8. cents, down
,06y4 of a cent.
Europe: Great Britain $4-0314,
down Vs of a cent. France (Franc)
845, up .0025 of a cent.
Latin American: Argentine Free
24.46, up .01 of a cent; Brazil Free
5.25;; Mexico 20.65.
NAVAL STORES
SAVANNAH, Ga., April 15—OP)
-Turpentine 831-2; offerings and
sales, none; receipts 33; ship
ments 259; stocks 1,991.
Rosin: Offerings and sales, 16;
receipts and shipments, none;
stocks 4,608.
ASSOCIATED PEESS STOCK
PRICE AVERAGES
NEW YORK, April 15.—<£’)—Range of
GO-stocks Monday:
High Low Last Net Chg.
30 Industrials 107.6 106.8 107.5 plus .1
15 Railroads 46.7 46.3 46.6 unch
15 Utilities 54.0 58.5 53.9 plus .2
60 Total 79.5 78.8 79.4 plus .1
Dial 2-3311 For Newspaper Service
DiAL 6342
For Expert—Reasonable
PLUMBING REPAIRS
WILMINGTON
PLUMBING & HEATING CO.
R. M. KERMON. Jr., Mgr.
Contracting—Supplies
^^SSJLJThlrd^SLjWulUeeBldi^^^
• 1 « '
;; reliable ;;
]: Watch Repairing : j
B. GURR, Jeweler jj
« ■ 264 N. Front Bt. ' ‘
Large Shipment
Just Arrived!
Strong, Extra Heavy
Army Cots
$4-95
FINKELSTEIN’S
Corner Front and Market
|---YOU CAN HELP!
MAKE CHECKS PAYABLE TO
AMERICAN CANCER SOCIETY
and mail to
Mrs. J. R. Chasten, Treasurer
North Carolina Sorosis Club
P. O. Box 825 — Wilmington, N. C.
New Hanover County Quota $4,750.00
i *
Income From Business Real Estate
if? .Annual Gross Rents Received for Business Property
2000
TO 30 31 32 33 34 35 36 3/ 38 39 '40 '
Source of Data: United States Department of Commerce * '
Stock Market Quotations
(BY THE ASSOCIATED PRESS)
Prev. Yest’day
Close Close
Alleghany . 714 714
A1 Chem and Dye . .200% 199%
Allis Chal Mfg ... 57 56%
American Gan .... 9714 97%
American Car Fdy_ 69 68%
American Roll Mill ... 32 32%
American Smelt and Ref71 69%
A X and T .191% 193%
American Tobacco B .. 94 9414
Anaconda -- 46 4514
Arm 111 .. — 14%
Atlantic Coast Line .... 72% 72 Vi
Atlantic Refinery ..... 43% 44
Aviation Corporation .. 11% 69
Baldwin .. 31% 31%
Baltimore and Ohio ... 24 24 y8
Barnsdall . 2974 29%
Bendix Aviat.. 53 -
Beth Steel ...105% 105%
Boeing Airp... 30 30ys
Borden .21% 54%
Budd Mfg .. 44 95%
Burl Mills.... 19% 43 %
Bur Add Mach.. 1874
Cannon Mills . . .
Case J I .—.46% 46%
Caterpil Trac .. 76y4
Ches and Ohio . 59% 59
Chrysler . 132% 133%
Coca Cola .. . .
Coml Cred . 56 55%
Coml Solv .. 25 26
Comwlth and South ... 414 4y4
Consol Edis . 35% 34%
Cons Vultee . 27% 27%
Cont Can.45% 46%
Com Prod.—.62% 63
Curt Wright .. 7% 7%
Curt Wright A....22% 21%
Dow Chem .. 179%
Doug Aire .. 92 92
Eastman Kod . . 256
Firestone ..81 % 80%
Gen El. 48% 47%
Gen Foods .. 53% 53%
Gen Mot . 75 74%
Goodrich .— 83% 83
Goodyear . 75% 74%
Gt Nor Ry Pf... 58% 57%
Int Harvest . 95 199%
Int Tel and Tel. 27 27
Johns Manv.......162 --
Kennecott .. 56% 67
Ligg and M B. . 96
Loews ...39% 39
Lockheed. 35% 34 k
Lorillard __29% 29
Mont Ward.•... 92y4 92%
Nash Kelv .. 22% 22%
Nat Bis ..■.35% 35%
Nat Cash Reg. 42% 32
Nat Dist .72% 70%
N Y Cent ... 27% 27%
No Am Av ..— 13% 13%
No Pac .. . 30%
Packard ... 10 10
Param Pic ........... 70 75y4
PJenney J C . 56% 56
Penn R R .. 42% 42%
Pepsi Cola ...'. 35 35
Phillips Pet . 64% 64V2
Pitt S and B. 11% 11%
Pullman .. 64 64%
Pure Oil .. 25% 25%
Radio .. 16% *16%
Radio K O . 24% 24%
Rem Rand ... 39 39
Repub Stl . 33% 33%
Reynolds B ........... 44% 44
Soc Vac . 17 16%
Sou Pac --59% 59%
Sou Ry . 54 53%
Std Br ..50% 50
Std Oil N J . 74 74
Stewart War ......... 22 21%
Swift ..—.. 38% 38%
Tex Co.-.- 62% 63%
Un Carb.-.--..119% 120%
Unit Airl . 41% 4iy«
Unit Aire .. 29% 31
Unit Corp .. 5% 5%
Unit Drug .- 37% S77/s
Unit Fruit .149 147
Unit Gas Imp ......... 29y4 20%
U S Indus Chem ...... - 54
U S Rubber--74% 74
U S Smelt and Ref .... 70% 70%
US Steel.......82% 83%
Vanadium.—.. 32
Va Caro Chem. 10% 9%
Warner Pic ... 47 467/4
West Un A . 37% 37%
West El . .. 34% 34'%
Woolworth .. 60% 61
CURB
Can Marconi. . 3%
Ciiies Service.- 34% 84%
Colon £>vmt. 6% 5%
El Bond and Share_2514 25%
RAIL ISSUES CLOSE
WITH_BIG LOSSES
Buyers Turn Wary On
Strength Of News Re
ports During Day
NEW YORK April 15.— (A5)—A
long list of rail issues closed with
losses ranging to more than 2 points
in the bona market Monday.
The carriers tipped lower with
only a mild shove from selling
forces. Brokers attributed the de
clines mainly to wariness on the
part of buyers who considered such
factors as the carriers’ request for
higher freight rates and pending
legislation affecting voluntary re
organization of systems in bank
ruptcy.
Sales contracted to $3,830,000
from $6,320,000 Friday.
Chicago Great Western incomes,
a comparatively inactive issue, led
the decline with a 5-point drop to
72. Others trimmed included Balti
more and Ohio stamped converti
bles at 77%, Northern Pacific 4%s
of 2047 at 107%, Pennsylvania Gen
eral 4%s at 1321/s, Missouri-Kansas
Texas 1st 4s at 100, Chicago and
Eastern Illinois incomes at 72!/2
and Central of Georgia 5s of ’59
“C” at 32%.
Lehigh valley stamped 4Vis and
Frisco 4s of ’50 “A” edged ahead.
In the foreign dollar list loans of
Brazil and Buenos Aires, recently
buoyant, declined. Some Chilean
issues improved.
Dealers in U. S. government re
ported a slight improvement in
prices. In the stock market the Vic
tory Loan 21,£* of Dec ’67-’72 de
clined 5-32d, which brought the
price in line with the over-the-mar
ket quotations.
BOND AVERAGES
Compiled by The Associated Pre.a
Apnl 18 3# 10 10 10 10
Bails Indus Util Fgn L Yld
4et change D.2 unch D.2 A.l unch
vlonday 105.8 104.5 107.81 78.6h 120.2
“rev day 106.0 104.5 108.0 78.5 120.2
Veek ago 106.6 104.7 108.2 78.0 120.1
donth ago 106.2 105.0 108.1 77.4 119.7
fear ago 99.8 104.9 107,6 71.8 117.4
946 high 106.9 1 05.2 109.5 78.5 120.2
946 low 103.9 104.0 107.9 75.7 118.0
946 high 103.9 105.5 108.5 76.7 118.7
[945 low 96.2 103.4 106.8 68.1 116.2
1—new 1946 low.
h—new 1946 high.
CHICAGO POTATOES
CHICAGO, April 15—(IP)—(US
DA)—Potatoes: Arrivals 315; on
;rucks 278; total U. S. shipments
Friday 1,075; Saturday 999; Sun
lay 17.
Old stocks: Supplies moderate;
lemand rather slow; for western
stocks market slightly weaker; for
lorthern stocks market about
heady.
New stocks: Supplies moderate;
lemand fair; market about steady.
Idaho Russet Burbanks U. S. No.
1, $3.70-4.15; Colorado Red Mc
Clures U. S. No. 1, $3.50-90; Ne
braska Bliss Triumphs, U. S. No.
I, $4.00; Wyoming Bliss Triumphs
0. S. No. 1, $4.25; Minnesota
North Dakota Cobblers commercial
$2.25-35; Bliss Triumphs commer
cial $2.25-40; Texas 50-lb sacks
Bliss Triumphs U. S. No. 1, 2.50
75; Florida 50-lb. sacks Bliss Tri
umphs U. S. No. 1, $2.75.
J
Bond Quotations
NEW YORK. April 15.—(AV
At and El 4s 95 .-.141
A C L 4%s 04 .117%
B and O 4s 48 .104%
Can Pac 4s Perp ..120
Cb and Q 4%s 77 .119V4
C and Ei Inc 97 .. 72%
Cgw 4s 88 ... 97
Cri and P R 4s 34 ..06%
Q Ut 4%s 77 ..105%
D and Rgw 5s 55 ..- 27y4
Hud C 5s 62a .. 84%
Hud-Man 5s 57 . 76
IB Cent 4%s 66 . 95%
L and N 3%s 2003 .112
Mk and T AJ ”5 67 .106
Mo P G 4s 75. 56%
N Y C Rig 5s 2013 .. 99%
Nor and West 4s 96 ...143
Perm R R G 4%s 65 .127%
Sal C 6s 45 . 75%
Sou Ry Gen 5s 56 ...........107
West Md 4s 52 .110%
FOREIGN BONDS
Au»t 6s 55 .109%
Aust 4%s 56 ..102%
U S TREASURY
2%s 59-56 115.23 up 2.3
2%s 72-67 Dec 105.30-.5
DRY GOODS
NEW YORK, April 15—(/P)—Fair
quantities ol print cloths and
sheetings were released Monday
lor April and May shipments.
There was some complaints Irom
the bag trade over restricted al
locations which, however, arose
Irom the lact that more bagging
labrics have had to be allocated
lor industrials under the second
quarter set-aside program.
Limited deliveries ol woolen and
worsted goods were reported in
the wool goods market. Shipments
ol spring goods in the men’s wear
division continued' much behind
schedule in the lace ol the heavy
demand Irom the jobbing trade.
In the rayon goods, mills were
expecting an order shortly provid
ing lor a 10 per cent set-aside on
certain labrics lor women’s wear
linings.
STOCKS IN THE SPOTLIGHT
NEW YORK, April 15— (JP) —
Sales, closing price and net change
of the fifteen most active stocks
Monday:
Sunray Oil 36,900 9% up %.
Coml Solv 22,500 26 up 1.
Revere C and Br 21,300 25% up
1%.
United Corn 19,500 5% off %.
Unit Cig-Wh Strs 18,100 16% no.
Comwlth and Sou 15,900 4% off
%.
Libby McN and L 13,400 15yg up
%.
Gen Pub Util 13,100 22% up %.
Radio-Keith 11,600 24y4 off y4
Soc-Vac 10,700 16% off y4.
Certain-Teed 10,500 21% up %
Aviation Corp 10,400 11% off %
Childs Co 10,000 9% up %.
Packard 10,00 1 no. ^
Am Cub and Rad 1,000 14% up %.
CHICAGO BUTTER
CHICAGO, April 15—UP)— (USDA)
—The butter market was firm and
unchanged Monday at OPA ceil
ing prices: (bulk in fiber boxes)
AA 93 score 47; a 92 score 46%s; a
90 score 46%.
Eggs were firm; large No. 1 and
2 extras 35-37.4; No. 3 and 4 extras
34-35, medium extras 32-32.5; stan
dards 34-34.5; current receipts 32.5
33; dirties 31-31.5; checks 30.5-31.
Dial 2-3311 For Newspaper Service
*!
i
f
i
Grain
CHICAGO GRAIN
CHICAGO, April 15 — UP) —The
price of May rye approached again
its recently-established all-time rec
ord high price Monday with a
gain of from 3 to 4 cents a bushel.
The quotation at the close was
$2.44-2.45, compared with the rec
ord high of $2.47% paid in last
Thursday’s transactions.
Grain In Demand
The grain was in strong demand
all day, in contrast with oats which
held barely steady after a minor
fractional upturn in initial deal
ings The scattered demand follow
ed a report that UNRRA might buy
oats as a substitute for wheat in
the export program, but thereafter
trade was ^low and fluctuations
slow and narrow.
The most bearish influence in
oats, traders said, was the recent
government report indicating the
carryover this year might be the
largest on record and in excess of
3,900,000 tons.
Wheat, corn and barley con
tinued at ceilings of $1.83%, $1.21%,
and $1.26%, respectively. Oats fin
ished % cent lower to % cent high
er than Saturday’s close, May 83
cent ceiling; rye unchanged to 4
cents up, May $2.44-2.45.
Various influences kept rye in
moderate to strong demand, but
it attracted most buying interesl
following a report quoting repre
sentative Pace (D.-Ga.) as saying
he believed his higher farm parity
measure has sufficient support in
Congress to override the threaten
ed Presidential veto.
The provisions of the bill, whicn
were attached to the minimum
wage measure, Would raise parity
by including farm labor costs in
the formula.
With cash rye already bringing
premium prices as much as 3(
cents or more a bushel over thf
May futures contract, inside shori
commitments flocked over to the
buying side at the outset of trading
when they heard that liberal ship
ments of the grain were moving ou
of Minneapolis to seaboard points
presumably for export.
The visible domestic supply o:
rvp droDDed to slightly more thar
2,000,000 bushels last week.
Open High Low Close
WHEAT—
Jly .. 1.83#
Sep _. 1-83#
Dec . 1-63#
May 1 OOIZ
1947 .. -••••
CORN—
May . 1-21#
Jly .
Sep ..... .. 1.21#
OATS—
May 83 83 83 83
Jly 81% 81% 81 81#
Sep 78% 78% 77% 78#
Dec 78% 78% 77% 78#
RYE—
May 2.43% 2.45% 2.41% 1.44
Jly .. . 1-48#
Sep -.. - •••• 1.48#
Dec -. 1.48#
BARLEY—
May ..... ..... ..... 1.26#
Jly . 1.26#
Sep .. 1-26#
Dec . 1-26#
CASH GRAIN
CHICAGO, April, 15—m—Wheal
No. 2 hard and hard 1.82 nominal
ceiling.
Corn No. 2 yellow 1.19 nominal
ceiling.
No Oats.
Barley. Malting 1.25-43 1-2 nomi
nal; feed 1.14-24 1-2 nominal.
Field seed (hundredweight),
nominal; Red clover 31.50; swee'
clover 10.75; alsike 28,50; alfalfa
common 33.50-6.50; Timothy 5.75
6.00; Red Top 12.00-50.
Livestock
RICHMOND LIVESTOCK
RICHMOND, Va., April 15—(A1
—(USDA.)
Hogs market at ceiling 14.9C
(Flat) on good and choice bar
rows and gilts 120-330 lbs up; 100
120 lbs 13.40. Good sows under
350 lbs 14.15; 350-500 lbs. 14.15;
weights over 500 lbs 14.15. Good
stags 14.15.
Cattle market is higher, good
steers 16.50-17.00; extra good high
er; medium steers 15.00-16.00; com
mon 12.00-14.00 Heifers 50 to $1.0C
lower than steers. Good cows 12.00
13.50; extra good and young high
er; medium cows 11.00-12.00; com
mon 10.00-11.00; cutters 9.00-10.00;
canners 7.50-8.50 . some lower.
Good bulls 12.00-13.00; some extra
good up to 14.00; medium 11.GO
12.00; common 9.00-10.QD; some
lower. Good vealers 17.00-17.50;
medium 15.00-16.00; common 10.00
13.00; thin kinds less.
CHICAGO LIVESTOCK
CHICAGO, April 15.— (/P) —Bes1
steers popped back up to the $18.OC
ceiling Monday and top heifers
pushed to the highest price in a
month — $17.40 a hundredweight,
Most steers brought $16.00 to $17.25
and most heifers $15.00 to 16.75,
but cows, bulls, and veal calves
were scarce and held generally
steady prices.
The day’s receipts of 9,500 hogs
cleared early at OPA ceiling
prices, including 4,00 salable head.
A strong and active market swept
the sheep pens clear early, with
slaughter lambs holding to the high
money levels of last week.
Receipts totaled 15,000 cattle, 700
calves, and 9,000 sheep.
1946”
WILMINGTON
Lodge No. 319,
A. F. & A. M.
A STATED COMMUNICATION
of this Lodge will be holden
(THIS) TUESDAY APRIL 16TH.
at 8:00 P. M.
All members are urged to at
tend. All other qualified Master
Masons are cordially invited to
attend.
Louis V. Swann P. M.,
Secretary.
BUILDING control
LAW IN REVISION
Housing Chief Drafts New
Basis For All Con
struction
WASHINGTON, April 15- W -
Housing Boss Wilson W. Wyatt is
drafting further construction con
trols designed to put more new
homes on the market bearing pn
tags of $6,000 or less. .
Officials in a. position to know
said Monday the National H«usmg
administration expects to estaD
ish area quotas which will require
that a certain percentage of h
in each region be built to sell at
less than $10,000, the ceiling now
generally in effect.
On Cost Basis
These officials, who withheld use
of their names, said the quotas
will be based on building costs
in each area.
Under a preliminary plan sub
ject to revision, the system would
work something like this:
If NHA found that one-third of
all new homes authorized in a
certain area were scheduled to
sell for $6,000 or under, it might
rule that in the future 50 per cent
of all authorizations should be in
that price category.
May Boost Total
If 20 per cent were being built
to sell at from $6,000 to $6,500,
this might be boosted to 30 per
cent, and so on.
The aim will be to build as many
homes for as much less than $10,
000 as possible, but in each area
some probably will continue to sell
at their ceiling.
In areas where building costs
are high, the minimum sale range
might have to be, say $8,500 and
under. But the system would work
the same wav.
Information
“We haven’t been able to do
anything like this before,” one
; official said, “because we haven’t
i had any postwar cost information
for individual areas. Some con
i tractors have contended that they
couldn’t build lower priced homes
than their applications called for.
Now we can say, “others are do
ing it, so can you.’
The official said also that as sup
olies of building materials increase
and construction costs decline.
NHA will tighten quotas to require
an even greater percentage of low
cost housing.
WASHINGTON POULTRY
WASHINGTON—U. S. Grade A
large 38 average; broilers, fryers,
and heavy roasters, 34.
ELECTRICAL REPAIRS
On Electric Ranges and All
Types of Electrical Appliances
Brooks Electrical Co.
312 Southern Bldg.
DIAL 2-8675
McFarland Returned j
To Washington Cell
WASHINGTON, April 15— (Jf) —
Earl McFarland, 25 years old con
demned slayer, was returned to
the district jail Monday.
McFarland, under sentence to be
electrocuted June 14, escaped frijm
the jail’s fourth-floor death row
April 3 with the aid of a can
opener, by cutting through a ven
tilator, after he ar,d Joseph D.
Medley, also under death sentence
for murder, overpowered t w o
guards who had been playing
cards with them. Medley was
caught the same day.
The former Marine was brought
by three U. S. marshals to Wash
ington from Knoxville, Tenn.,
where he was caught by the FBI
last Thursday. He was handcuffed.
Shipyard Workers Ask
Okay On Strike Vote
MOBILE, Ala., April 15—(U.R)—
CTO shipyard workers Monday fil
ed a petition for a strike vote
among the 4,500 workers at the
Alabama Dry Dock & Shipbuilding
co. here.
Charles Hansen, general execu
tive board member of the Indus
trial Union of Marine and Ship
building Workers of America
(CIO), said he filed the plea with
union headquarters after all other
methods were exhausted in an at
tempt to secure an 18-cent retro
active pay increase.
RALEIGH POULTRY
RALEIGH, April 15—(NC
DA)—Egg and poultry markets
steady.
U. S. Grade A large, 34; fryers
and broilers 38.8 plus.
TREND OF STAPLE ppm
NEW YORK, April 15.^3
sociated Press weighted whr.ilAs
price index of 35 commodities t?*1'
day advanced to 116 83 Mot>
,,i^vious day 116.79,‘w.-k
^27; month ago 115.49,^
1946 1945 1944
High 117.40 112.81 108 73 J-’,!
Low 112.02 107.90 106 03
(1926 average equals 100j°“'’3
SWEET POTATOES
CHICAGO, April 15-sWeet Po.
tato market slightly Str0nn
Bushel crates Louisiana" pff'
Ricans S4.10-S4.22; bushel v
pers Tennessee Nancy Halls
$4. Porto Ricans, $3.90-$4. ^
N. C. HOG MARKETS
RALEIGH, April 15—,..p— , *
DA)—Hog markets steady
jtops of $14.55 (ceiling) at Rocw
Mount, Smithfield and Lumw
ton, and $14.90 (ceiling at R ■ £
mond. ' 3‘
i TT*rT*n~n—■ ■ ——
I FARRAR
TRANSFER & STORAGE
WAREHOUSE
DIAL 5317
J TIRE RECAPPING
! AUTO REPAIRING
! PAINTING-BODYWORR
j SHELL
i Safti-Service Co.
\ 3rd and Grace Sts.
>' Julius Wenbcrg
1 Jimmie Wenberg
flXEL OIL"7771'
p Standard Oil “ESSOHEAT” The Heat Number
!■ Oil Burner Service (3 Sevens & A Four)
HUGHES BROS. FUEL CO.
NOTICE
BEER & WINE DEALERS
CITY AND COUNTY LICENSE EXPIRE APRIL 30ih, 1346
Before new license can be issued it is necessary tc
file an application to sell beer or wine with the under
signed,
Any person, firm or corporation selling without
a license is liable to indictment for violating said or
dinance.
C. R. MORSE,
City & County Tax Collector
There are Unseen Crowds
on the Voice <Jlicdtwcui
Traveling along the highways you often glimpse
peaceful landscapes with no notice taken of the telephone
hnes skirting the roadway. Though not noticed these are
the voice highways—long distance telephone
lines—that are crowded day and night hy unseen
throngs of people — people talking — talking
oftener than ever before.
So you may sometimes experience a delay on your eaH
because of crowding of these voice highways. When
you do, remember you can help at such times by
U81”g the »ervice only if really necessary.
The Telephone Company is enlarging the capacity of these
voice highway, by building thousands of miles of new
hnes *di circuits. When this big Job is done you
will again be able to talk as much as you want,
whenever you want and wherever you want. In the
meantime, your cooperation i, appreciated.
? '
i I

The Wilmington morning star. [volume], April 16, 1946, Page 12, Image 12
About The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990

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The Wilmington morning star. [volume], April 16, 1946, Page 12, Image 12 About The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990

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The Wilmington morning star. [volume], April 16, 1946, Page 12, Image 12
About The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990