Newspaper Page Text
HITS WU LOANS Communication Company Liens Drop More Than 8 Points During Day NEW YORK, Oet, 21.— (JP) —A iharp break in obligations of West ern Union Monday took the trad ing spotlight in an irregular bond market. Losses for the communication company’s liens ranged to more than 8 points on top of declines of about as much for last week. On ly moderate turnover accompanied the setbacks. Elsewhere in the list selected railroad liens inched ahead while a number of utilities scored mod est losses. Investment men had no specilic news to account for the drop in Western Union bonds other than talk of strained labor-management relations. The 4s lost 8 1-2 at 75 1-2, the 5s of ’60 were down 7 1-4 at 75, and the 5s of ’51 off 6 1-4 at 75. Most other corporates meander ed more or less aimlessly in the slowest trade in two months. Vol ume of $2,850,000 compared with $3,791,000 Friday. B A O Gains Closing a trifle up were Balti more and Ohio convertibles at 47 3-4, Central of N. J. 5s at 30, Alton !s at 38 7-8, Rock Island refunding Is at 44, Missouri Pacific general FUEL OIL Standard Oil “ESSOHEAT* Oil Burner Service HUGHES BROS. FUEL CO. Dial 7774 4s at 28 1-2, Frisco 4 l-2s at 34 3-4, and Seaboard Airline 4s at 99 1-2. Losers included Brooklyn Edison 3 l-4s at 103 12, Chicago and East ern Illinois incomes at 38, North Western 4 12s at 71 12, Columbia Gas and Electric 3 l-8s at 102 1-4, Commonwealth Edison 3s at 107, Duquesne Light 3 l-2s at 105 7-8 and Pennsylvania R. R. general 4 l-2s at 115 3-4. Belgium 6s dropped 5 to 105 in the foreign dollar list. Issues of Chile, Peru and Uruguay improv ed. U. S. Governments held un changed in slim business in the over-the-counter market with the Victory Loan Dec 2 l-2s of ’67-’72 at 102 7-32 bid. BOND AVERAGES Compiled by Tbe Associated Press Oct. 21— ?fl 10 10 10 JO Rails Indus Util Fgn L. Yld Net change A.l Unch D.7 A.l A.l Monday 92.8 102.8 103.3 75.2 114.5 Prev. day 92.7 102 8 104.0 75.1 114.4 Week age 92.5 102.8 104.9 74.8 114.5 Month ago 93.2 102.8 105.9 75.3 114.7 Year ago 100.6 103.8 108.0 74.8 116.3 1946 High 106.£ 105.2 109.5 79.0 120.2 1946 Low 92.0 102.7 103.3 74.7 114.4 1945 High 103.9 104.5 108.5 76.7 118.7 1945 Low 96.2 103.4 106.8 68.1 116 2 _ FOREIGN EXCHANGE NEW YORK, Oct. 21—(£>) Closing foreign exchange rater fol low (Great Britain In dollars, others in cents!: Canadian dollar in New York open market 3 15-16 percent dis count or 96.06 1-4 U. S. cents, up 1-16 of a cent. Europe: Great Britain $4.03 1-4, unchanged; France (Franc) .84 1-4, unchanged; Sweden (Krona) 27.85, unchanged: Switzerland (Franc) (Com'D 23.40. unchanged. Latin America: Argentina Free 24.55. unchanged; Brazil Free 5.50, unchanged; Mexico 20.62 up .01 of a cent. WASHINGTON POULTRY WASHINGTON — U. S. Grade A large 69; roasters, fryers and broilers 42. AUTO LOANS “That Cost LESS*1 THE NORRIS PLAN RANK JACK KOCHMAN'S World Champion Hell Drivers USE Dodge Cars Exclusively Same show that has thrilled millions at the major state and county fairs throughout the U. S. this summer. CAN YOUR CAR TAKE THIS? "High Skis” is known in hell driv ing as two wheel driving. Pictured is the 1946 Dodge Sedan speeding on two wheels after leaving 2 ft. high rampway. ITS ONE OF 28 featured events proving Dodge endurance-^ Two Spectacular Shows Tue. Night Oct. 22 Wed. Night Oct. 23rd 8:30 P. M. LEGION STADIUM j Bear Wheel Lining ti Balancing | COTTON NEW YORK COTTON NEW YORK, Oct. 21.—yP)—Cot ton futures moved over a range of $10 a bale Monday to close $4.75 a bale lower to $1.60 higher. Trading volume, heaviest in many years, was estimated at more than 750,000 bales. Shortly after the opening, fu tures dropped $10 a bale for an aggregate setback since last Mon day of almost $40 a bale. Prices then rebounded to Friday's close, but again encountered heavy liq uidation and hedging. March, 1948, contracts were the strongest on the theory that the position was over-sold. Brokers said Monday's dealings, after Saturday’s closing, continued to be in the nature of either profit cashing, margin selling, or hedg ing. Mills were heavy buyers on the decline. Traders said that a leading southern spot cotton firm, took ownership of about 175,000 bales of coiton, which represented the bal ance of a long account liquidated over the week-end while the ex changes were closed to permit it, following last -week’s harp decline. None of this selling in futures appeared Monday, they said. Futures closed $4.75 a bale lower to $1.60 higher than Friday’s close. Open High Lo wLast. Dec 32.60 33.38 31.38 32.85 off 73 Mch 32.21 33.00 31.00 32.50 off 62 May 31.25 32.50 30.50 32.00 off 75 Jly 29.60 31.60 29.60 32.00 off 75 Jiy 29.60 31.60 29.60 31.00 off 65 Oct 27.25 29.00 27.00 27.90 off 95 Dec 26.60 38.45 26.45 27.52 off 93 Mch 26.55 27.90 26.25 26.82b up 32 Middling spot 33.45n, off 75. B—Bid; N—Nominal, NEW ORLEANS COTTON NEW ORLEANS, Oct. 21 _(if)_ After dropping the 200-point limit of fluctuations here Monday, cotton futures recovered most of the loss es under trade buying and short covering. The market closed ir regular $1.75 to $2.25 a bale lower. Open High Low Close Dec 32.60 33.38 31.38 33.05 off 38 Mch 32.21 32.81 30.81 32.75 off 45 May 31.02 32.50 30.55 31.85 off 85 Jly 29.45 31.45 29.45 31.25 off 35 Oct 26.36 28.36 26.36 27.63b off 73 B—Bid. NEW ORLEANS SPOTS NEW ORLEANS, Oct. 21 _ _ Spot cotton closed steady $2.00 a bale lower Monday. Sales 3,746. Low middling 27.50, middling 32.90, good middling 33.30, receipts 1,529, stock 241,933. NEW ORLEANS MIDDLING NEW ORLEANS, Oct. 21—(/P)— The average price of middling 18 16 inch cotton Monday at ten desig nated southern spot market* was $3.40 a bale lower at 32.81 cents a pound; average for the past 30 market days 37.60; middling 7-fi inch average 31.23. STOCKS IN THE SPOTLIGHT NEW YORK, Oct. 21 — (^P) _ Sales, closing price and net change of the fifteen most active »tocks Monday: Comwlth and Sou 23,500 3% a H. Cont Baking 10,000 18 a 1. Colum Gas and El 9,900 0 % i %. Gen Motors 9,000 51 % a %. Int Tel and Tel 8,200 18 a %. Ab Woolen 8,100 52% a %. Am Brake Shoe 8,000 39% a %. Graham Paige 7,800 6% d %. United Corp 7,500 3% a % . Armour and Co 7,400 13% no. Gen Electric 7,300 38% a %. Socony Vac 6,900 14 % no. Republic Steel 6,700 28% a %. Pepsi Cola 5,800 26% a %. Radio 5,800 10 no. TREND OF STAPLE PRICES NEW YORK, Oct. 21 — (£>) —The Associated Press weighted whole sale price index of 35 commodities Monday advanced to 153.68. Previous day 162,57, year ago 144. 04; month ago 142.82, year ago 111. 14. 1946 1945 1944 1943 High 158.73 112.81 108.73 107.54 Low 112.02 107.90 106.03 103.43 (1926 average equals 100.) PAINT OVER waflyaperi | fH) MUSS/ MO FUSS/ 1 \ HO BOW FK' J One Gallon *0.98 (Does average room) ■ DAVID JACOBI Supply Company 17 So. 2nd. St. Dial 9451 ■— ■ ■ - —■—— LIVESTOCK CHICAGO LIVESTOCK CHICAGO, Oct. 21 —(IP)—(USDA — Salable hogs 13,000, total 20, 500; general market moderately active but closed slow; prices mostly 1.00-2.00 higher than Friday and Saturday; only few sales Sat urday; good and choice barrows and gilts 190 pounds and over largely 24.00-25.00 with top 25.00; very little here under 180 pounds or over 250 pounds, but hogs weighing up to 300 pounds or better will bring top; few lots good and choice 150-170 pounds 21.00-23.00 most good and choice sows 22.00 22.50; fair clearance. Salable cattle 18,000, total 20,000; salable calves 2,000, total 2,000; choice fed steers and earlings in clude yearling heifers 25-50 cents higher than last Friday, about like last Thursday; other grades slow, steady; top 35.00 paid for strictly choice 1,200-lb. averages; several loads 30.00-43.00; best heifers 27. 50; bulk 19.00-30.00; cows and bulls 2.00 lower; canner and cutter cows 1.0012.00 off; very few cows sold; bidding 9.00 down on cutters with light canners to 7.50 and strictly good cows 17.00 down; vealers about steady at 22.00, mostly 21.00 and below; stock cattle weak to 50 cents lower, very slow. RICHMOND LIVESTOCK RICHMOND, Va„ Oct. 21 — (A>) — (USD A— Livestock; Hogs: market $1.00 higher than Friday on barrows and gilts; $1.50 lower on sows; $3.00 lowre on stags; top $24.00 for good and choice bar rows and gilts, tl20 lbs up; 100-120 lbs. $22.50; good sows all weights $21.50. Good stags $20.00. Cattle: Supplies heavy; market generally active and steady with close last week. Bulk good fat steers $20.00-22.00, some higher; medium kinds down to $18.00; good fat beef-type cows $15.00-17.00; dairy type $12.00-14.00; bulk can ners and cutters $8.00-10.00. Heavy bulls mostly $15.00-16.00, odd-head higher; vealers active, steady at $21.00-22.00, for good offerings, choice quotable higher. RALEIGH POULTRY RALEIGH, Oct. 21 — (TP) — (NC DA— Egg and poultry markets steady to light. U. S. Grade AA large; fryers, broilers and roasters 38 to 42. GEMS STOLEN NEW YORK, Oct. 21—(U.R)— Jewelry valued at $60,000 was stolen from the apartment of Mrs. Emily Lehman, a relative of former New York governor Herbert Lehman, last Thursday night .po lice disclosed today. MURDER CHARGE ..NEWTON, Oct. 21—(U.R)—George E. Chrontz, 21, of Morganton, to day was charged with murder in connection with the fatal injuring of Fate Propst, 25, also of Morgan. ' ton, in a fight at a football game j here Friday night. FIVE GLEE CLUBS TO PARTICIPATE Personnel Of Lake Forest Group Listed For Har vest Festival Student members of the Lake Forest glee club, who will par ticipate in the Harvest Festival tomorrow night at Pembroke Jones park, were announced last night by Jesse Reynolds, head of the city recreation department. Previously Reynolds had an nounced the personnel of the four other glee elubs, New Hanover High school, Winter Park, Forest Hills, and Sunset Park which will likewise participate iij the program tomorrow night starting at 8 o'clock. Members of the Lake Forest Glee club are: Jean Abrens, Joyce Bell. Phyllis Bayler, Linda Briton, Nettle Sue Coffey, G. Conohey, Elizabeth Darn, Shirley Bordwlr, O'Veal Harris, Lillie Pearl Jordan, Janette Lee, Nancy Lills, Mortie Maddax, Marcelle Matthews, Virginia Mel ton, Betty Carol Millis, Martha Moore, Betty Sanderlin, Barbara Shearin, Eloise Shipbard, Gerol dine Shipman, Dorothy Smith, Jill Snnereslin, Janice Thompson, Jan Tovensend, Carolyn Turner, Ann VonConvon, Ana Wells, Jane Chason, Jean Clark, Carolyn Catton, Betsy Harl, Mildred Ker man, Beth McCormick, Joan Mc Rae, Ana Lee Moore, Dorothy ! 1755 1946 Sf. John's Lodge No. 1 A. F. & A. N. An emergent communication of this lodge will be holden FRIDAY evening OCTOBER 25TH in the Consistory Chamber of the Masonic Temple, to receive an official visit by Most Worshipful WILLIAM J. BUNDY, Grand Master of Masons in North Carolina, who will confer the Sublime Degree of Master Mason 'With the assistance of Past Grand Masters and Past Masters. Beginning at 6:15 o’clock, supper at 7:15 and labor resumed at 8:15. All Master Masons are cordially invited to attend. Haywood C. Porter, Master Chas. B. Newcomb, Secretary. Frink, Valenda Pernell. Doro‘h Piner, Helen Ray, Harriet maif son, Inez Simmons, and . Taylor. er‘* f ' NOTICE We are now equipped to Wrv ice yonr oil burner eqnlptn(,nt We Have Now in Stock For SALE • WALK-IN Refrigerators • REACH-IN Refrigerators • DRINK BOXES • MEAT BOXES • RADIOS and all types of appliances BLAKE BROS. V«nr Wecttaffhou** lhn\tt 820 CASTLE ST. DIAL J-2750 I CLEAN, FRESH, PURE America's FINEST Cigarette! Of course, the flavor's ALL yours—and here’s why! There’s an important difference in PHILIP MORRIS manu facture that makes PHILIP MORRIS outstandingly better to smoke because it lets the FULL FLAVOR of the world s finest tobaccos come through for your complete enjoyment— clean, fresh, pure! That s why PHILIP MORRIS taste better—smoke better—all day long. No wonder that with millions of smokers every where, PHILIP MORRIS is America’s FINEST Cigarette!