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The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990, January 09, 1947, Image 12

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn78002169/1947-01-09/ed-1/seq-12/

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Stock Market Recovers
From Tuesday ’sDown tum
CHICAGO POTATOES
CHICAGO, Jan. 8—OP)— (USDA)
—Potatoes: arrivals 79; on track
170; total U. S. shipments 822;
•upplies moderate; for best stocks
demand fair, market steady; Idaho
Russet Burbanks $3.10-3.35; Colo
rado Red McClures $3.00-3.20;
Minnesota-North Dakota Bliss Tri
umphs $2.30; Nebraska Bliss Tri
umphs $3.25; Texas 50 lb sacks
Bliss Triumphs $3.25 Call U. S. No.
1 quality); Minnesota-North Dako
ta Cobblers commercial $1.85-195.
ORKIN Uses Scientific
Methods
To Destroy the Thieving Rat
Don’t let rats destroy your
property, threaten your
health. Have your building
Rat Controlled by Orkin.
118 N. Frifnt DIAL 9542
Steels, Motors Pace Way
For Fractional Gains
To Point Or More
MARKETS AT A GLANCE
NEW YORK, Jan. 8—(£>)—
Stocks — higher; leaders In
slow recovery.
Bonds — irregular: changes
narrow.
Cotton — quiet; mill and
New Orleans buying.
CHICAGO
Wheat — closed mixed,
moderate mill buying.
Corn — firm; except In
creased exports.
Oats — steady with corn
strength.
Hogs — open 50 to 75 cents
higher; later steady to 25 cents
up; top $23.25.
Cattle — active and 50 cents
higher.
NEW YORK, Jan. 8—(IP)—The
stock market inched forward Wed
nesday in a slow recovery from
Tuesday’s late downturn.
Led by steels and motors, a num
ber of pivotals pushed up fractions
to more than a point, although
there were numerous laggards
scattered through the list.
Activity slow after the opening,
picked up on a midday rally, then
slackened, with a total transac
tions of 790,000 shares compared
with 980,000 Tuesday. The Associ
ATTENTION!! DISTRIBUTORS DEALERS
Franchise now available for a complete line of Tobacco
barn, Residential and Commercial Stokers manufactured
by
Eddy Stoker Corporation, Chicago, 111.
“15 years of outstanding service”
Immediate delivery on complete units
including motor and controls.
WRITE, WIRE OR CALL
JAMES E. RESSELL
Manufacturers Agent.
Box No. 231 - 106 Mimosa Place - Tel. 5784
Wilmington, N. C.
ated Press 00-Stock Composite1
advanced .2 of a point to 00.4 Of!
945 issues registering 387 advanc
ed and 343 declined.
The financial community drew
no great stimulation from the
President’s economic report to
Congress urging the maintenance
of current tax rates, an increase
in minimum wage levels and price
reductions as a means to “real
purchasing power.”
Declaration of an extra dividend
and an increased quarterly pay
ment lifted Woolworth 2 points to
49 3-4. Announcement that Alle
ghaney corp. had acquired 162,500
shares of New York Central had
little effect on the railroad shares
which closed up 1-4 at 18. Schen
ley recovered 1 1-8 to close at 49
1-8; N. S. Steel was up 5-8 at 72;
Chrysler 7-8 at 90 7-8, American
Smelting 1 7-8 at 59, and American
Can 1 1-4 at 93 3-4. Others in high
er ground included ll. S. Rubber.
Goodyear, Bethlehem, Youngstown
Sheet, General Motors, Phelps
Dodge, Pennsylvania Railroad,
United Aircraft and General Elec
tric.
American woolen dropped 1 1-4
to 31 3-4; Santa Fe was off 1 at
95 3-4; and J. I. Case down at 36.
Lower were North American, Ana
conda, Kennecott, Du Pont and
Union Carbide.
Bonds were mixed. Cotton at
New York closed 85 cents to $1.50
a bale higher. Wheat at Chicago
was off 3-8 of a cent a bushel to up
1-8, corn 3-8 to 1 1-4 higher and
oats up 1-8 to 5-8.
Curb gainers were Segal Lock,
Buckeye Pipe Line. Sterling, Inc.,
Barium Steel, Raytheon and Elec
tric Bond and Share. Richmond
Radiator and American Gas &
practised daily by those who exer
electric dipped. Turnover here was
230,000 shares against 290,000 Tues
day.
STOCK AVERAGES
Compiled by The Associated
Press, Jan. 8.
30 15 15 60
Indus Rails Util Stocks
Net cha: :e A.4 D.l A.3 A.2
Wednesday 91.2 36.0 46.4 66.4
Prev day 90.8 36.1 46.1 66.2
Week ago 90.8 36.5 46.3,66.4
Month ago 90.0 37.7 45.7 66.2
Week ago 90.8 36.5 43.3 66.4
1946-47 High 110.4 51.2 55.4 82.4
1946-47 Low 82.0 30.9 42.5 59.4
1945 High 102.0 48.9 52.5 77.1
1945 Low 78.6 32.9 39.2 57.8
WHAT STOCKS DID
Advances -- 387 259
Declines -.— • 343 545
Unchanged -- 215 188
Total issues __ 945 984
We’re house cleaning; clearing our counters and shelves
of all fall and winter merchandise, soiled and broken lots
and slow moving goods. Prices have been drastically
cut to effect a quick clearance. Get your share of these
outstanding values.
ALL SALES FIAAL
BATH HAT SETS
now $1.89
Mat and Seat Lid Cover
Nat. Ground only
I- I
3 Heat Electric
Roaster-Toaster
now $2.50
Large Size
STEP-ON GARBAGE
CANS Now $3.98
Aluminum Container
AH Corn
HOUSE BROOMS
& Wet Mops
49c—$1.00
COCOA FIBRE
DOOR MATS
now $2.98
Metal Bed Lamps
Now $1.48
LADIES PARASOLS
$2.98-$3.95-$4.95
(Values to $8.10)
HANDBAGS
$1.00 lo $2.98
(Values to $4.95)
Patents, Grains, Leathers
Plastic
GARMENT BAGS
Sl.98-S2.98
(Were *2.98 - S3.95)
Men’s Dress Socks
I5c pr.
Imperfect
Mill End Sale
TURKISH TOWEL
ENDS 39c
White and Colored
Grounds—Imperfect
Army Tan
Cheno Work Pants
now $1.98
Made for the XT. S. Marine
Corps. Fine Quality. All sizes
to 38.
Infants 2 Piece
KNITSUITS
50c io 79c
Some Imperfect
Small Lot
Plaid Wool Skirts
Now $1.49
Fleece Snowsuits
$2.00
Sizes 2 to 5 Only
BIB STYLE
Print Aprons
Now 39c
Ladies’ and Children’s
BLOUSES
5M1.00
Soiled and Broken Lots
Odds and Ends
Men’s
DRESS GLOVES
$1.00 pr.
Knitted^Wools and
Wool and Leather Comb.
Genuine Army
COMBAT BOOTS
now $5.85
3 ply all leather soles and
heels’ with oil treated uppers
—all sizes.
Men’s and Boys’
Woo] Mackinaws and
Leather Jackets
Greatly Reduced. See
These Sure
■ ■ ■■ " . ** |
Final Clean-Up of
DRESSES
$3.88 - Were $6.40
$2.88 - Were $5.95
$1.00-$1.49-soiled
Odds and Ends
WINTER COATS
$10.00
Broken Sizes
Ladies Gabardine
RAINCOATS
$4.88
(Values to $7.95)
Sizes 12 to 20
Plastic
Shower Curtains
Now $3.95 Set
New German Flag
OFFICIALS in Stuttgart, Germany,
are shown as they hoisted for the
first time the new German flag from
the “Tagblatt” tower, the tallest
building in the city. Its colors are
black, red and gold. (International)
GRAIN
CHICAGO GRAIN
CHICAGO, Jan. 8 — (A>) — Corn
advanced for gains extending to
more than a cent Wednesday on
trade reports exports of this grain
may be increased in February.
Oats and wheat followed the yellow
cereal higher.
Wheat closed % lower to % high
er, January $2.13%, corn was up
%-l%, January $1.31%-%, and oats
%-% higher, March 75%-%.
Open High Low Close
WHEAT—
Jan ^.13% 2.14% 2.13% 2.13%
Mar 2.04% 2.04% 2.03% 2.04%
May 1.93% 1.94% 1.93% 1.93%
Jly 1.78% 1.79 1.77% 1.78%
CORN—
Jan 1.31 1.32% 1.30% 1.31%
Mar 1.28% 1.30 1.28% 1.29%
May 1.28 1.28% 1.28 1.28%
Jly 1.26% 1.27 1.26% 1.26%
OATS—
Mar 74% 75% 74% 75%
May 68% 69% 68% 69%
Jly 63% 64 63% 63%
Sep 60% 00% 60 60%
BARLEY—
Mar - - - 1.25%
LARD—
Jly - - - 21.25
Sep 20.30 20.75 20.30 20.75
CASH GRAIN
CHICAGO, Jan. 8—(A5)—Wheat:
- None. Corn: No. 4 yellow $1.29 1-4
1.32 1-4; No. 5 yellow $1.22 1-2
23 1-4. Oats: No. 1 heavy mixed
88 1-4; No. 1 mixed 88; No. 1
heavy white 88 1-4-88 3-4; No. 1
white 88.
Barley: Malting $1.40-1.75 nomi
nal; feed $1.08-1.30 nominal. Field
seed per hundredweight: Red
Clover $43.00-47.00; Sweet Clover
$11.50-13.00; Red Top 17.50-18.50;
timothy $7.40-7.75.
The percentage of American
families which have five children
has been approximately halved
since 1920.
LIVESTOCK
CHICAGO LIVESTOCK
CHICAGO, Jan. 8—{/P)—(USDA)
-Salable hogs 11,000, total 19,500;
market opened moderately active,
50-75 cents higher, but trade now
very dull with virtually all advance
lost and prices only steady to 25
cents higher with many bids
steady to lower; early sales good
and choice 180-270 pounds 22.75
23.00; top 23.25; similar grades
and weights now 22.25-22.50 with
270-330 pounds 21.75-22.25 sows 50
75 cents higher; bulk good and
choice 19.00-19.50.
Salable cattle 11.000, total 11,000;
salable calves 1,000, total 1,000;
fed steers and yearlings including
yearling heifers fully 50 cents
higher on most active market of
week to date; top 35.00 on choice
to prime weighty steers; choice
long yearlings 32.50; best heifers
25.50; mixed steers and heifers
28.00; most slaughter steers 20.00
28.00; cows 15-25 cents higher;
most canner and cutter cows 10.00
12.25; beef cows 13.00-16.00; bulls
steady to weak; vealers firm at
27.00 down; stock cattle very
scarce.
RICHMOND LIVESTOCK
RICHMOND, Va„ Jan. 8—(JP)—
(USDA)—Hogs—market opened
steady with Tuesday on weights
under 240 lbs., 25-50 lower on
heavier weights & sows. Top
$21.50 for good & choice 160-240
lb. barrows and gilts. 100-120 lbs.
$18.50. 120-140 lbs. $19.50. 140-160
lbs. $20.00. 240-300 lbs. 20.75. 300
lbs and over $20.00. Good sows,
all weights 17.50, good stags $16.
50.
Cattle market fully steady on
fairly light receipts on cows. Med
ium and good dairy type cows
largely $10.00-13.00; good beef
cows $15.00-16.00; canners & cut
ters largely $7.00-10.00. Good
heavy bulls largely $12.00-15.00
vealers firm, practical top for j
good and choice $23.00, few
choice up to $24.00.
FOREIGN EXCHANGE
NEW YORK, Jan. 8—(/P)—Clos
ing foreign exchange rates follow
(Great Britain in dollars, others
in cents):
Canadian dollar in New York
open market 5 1-8 percent discount
or 94.87 1-2 U. S. cents, down 1-8
of a cent.
Europe: Great Britain $4.03 1-8,
unchanged; France (Franc) .84 1-8,
unchanged; Sweden (Krona) 27.85,
unchanged; Switzerland (Franc)
(Com’l) 23.40, unchanged.
Latin America: Argentina Free
24.48, up .03 of a cent; Brazil Free
5.55, unchanged; Mexico 20.64; un
changed.
RADIO TECHNICIANS
AND
TROUBLE SHOOTERS
vVe urgently need testers and
trouble shooters on the latest type
electronic equipment. If you are
'amiliar with transmitters and re
ceivers, AM and FM, and as
sociated speech input equipment,
we may have the opening you have
been looking for. The company
provides liberal benefit plan, re
creational facilities and vacation
with pay. Further information may
be secured from your local North
Carolina State Employment Serv
ice.
WESTERN ELECTRIC CO.
RADIO SHOPS
BURLINGTON. N. C.
Improve Your Income
Maximum Dividends
Plus
Absolute Safety
FOR YOUR INVESTMENT
we offer
1. Full Paid Investment Shares
Issued in units of
$100.00 to $5,000.00.
2. Optional or Running Shares
Savings from $1.00 to
$5,000.00.
Current Dividends Recently
INCREASED
f-<
All Investments Made On Or Before
January 10th, 1947 Will Receive Divi
dends From January 1st, 1947.
1
COOPERATIVE
Building and Loan Association
Frederick Willetts
—President—
E. Moseley Fonvlelle Frederick WUletts, Jr.
Treasnrer ' Secretary
124 Princess St. Dial 52M
49 YEARS WITHOUT A LOSS!
BOND QUOTATIONS
NEW YORK, Jan. 8 — W —
A T and S F 4s 95 130 A
ACL 4%s 64... 108
B and O 4s 48 ..— *5%
Can Pac 4s Perp -104%
C B and O 4%s 77 . 112 ,s
C G W 4s 8 -- 83
C R 1 and P R 4s 34 . 49%
Hud C 5s 62 ——. 82%
Hud-Man 5s 57 --- 30 A
Ills-Cent 4%s 66 „.. 80%
Int Gn 6s 52 .. 26
M K and T - A 0 5s 67 —... 77
Mop G 4s 75 .. 37
NYC Rfg 2013 - 83%
Nor Pac 4%s 2047 .— 97
Penn R R G 4s 65 . — ■.«. 117%
Sou Ry Gen 6s 56 .~ 115
Sou Ry Cn 5s 94 .. 127%
West Md 4s 52 .. 105%
FOREIGN BONDS
Aust 5s 55 . 109%
Aust 4%s 56 .. 101%
Rio Gr Do Sul 6s 68_~.. 36
NAVAL STORES
SAVANNAH, Ga„ Jan. 8—VP)—
Turpentine 1.20 1-2; offerings 6;
sales 8,100; receipts 8; shipments
102; stocks 3,196.
Rosin: Offerings and sales 30;
receipts 17,; shipments, none;
stocks 10,853.
Quote: B 685; D 715; E 755; F
810; G thru X 811.
_>
It is estimated that the U. S.
depression in the ’30s caused the
postponement of about 800,000
marriages.
VENETIAN BLINDS
ALL SIZE BLINDS MADE AND
REFINISHED
STRICKLAND VENETIAN
BLIND WORKS
Phone 6404, Castle Hayne Roal
STOCKS IN THE SPOTLIGHT
NEW YORK, Jan. 8 — UP) —
Sales, closing price and net change
of the 15 most active stocks
Wednesday:
Comwlth and Sou 25,700 3% up %.
Warner Bros Piet 14,900 16%-%.
Twent Cent Fox 10,600 35%-ys.
Param Piet 10,300 29%-%.
Nat Distill 10,200 20 no.
Colum Gas and El 10,100 11% up
%.
Radio Keith 9,500 14%-%.
Am Export Lines 9,200 19% up %•
Gen Motors 9,200 547/a up %. |
Std Oil N J 9,000 70% up %.
Int Paper 7,700 51 no.
Socony Vac 7,600 15 no.
Packard Mot 6,600 6% no.
Nash Kelv 6,400 16% no.
Armour and Co 5,900 14%-%.
N Y Central 5,900 18 up .
TREND OF STAPLE PRICES
NEW YORK, Jan. 8 — The As
sociated Press weighted wholesale
price index of 35 commodities j
Wednesday advanced to 170.44.
Previous day 167.91, week ago
167.80, month ago 165.15, year ago
112.16.
1946-47 1945 1944 1943
High 169.72 112.81 108.73 107.54
Low 112.02 007.90 106.03 103.43
FIRE
EXTINGUISHER
RE-FILLING!
— AH Types —
ONE DAY SERVICE
ANCHOR
HARDWARE CO.
Front and Dock Sts. Dial 5043
CHICAGO BUTTER
CHICAGO, Jan. 8—(/P)—(USDA)
—Butter easy and unsettled; aa
93 and A 92 score 75; B 90’745.
74.75; C 89 71. Eggs steady; n,^
ium extras 37.5-38.5; current re,
ceipts 36.5-37.5; others unchanged
N. C. HOG MARKETS
RALEIGH, Jan. 8 —(AT—(NCOAi
— Hog markets stronger to stead*
with tops of 22.00 at Rocky Mount 1
and 21.50 at Smithfield and Jtlc£
month
Build With Blocks
All Blocks 100% Vibrated
We Specialize In QnaMty
Quality Concrete Products
Dial 2-1078 Prince** 8t, g,j
At City Limit*
Going Boa!
Riding Hex!
Summer
• j • •
SEE OUR SHOWROOM
OF BOATS NOW!
A small deposit will hold
yours and irisur« your
summer pleasure.
ANCHOR
HARDWARE COMPANY
Corner Front and Dock Sti.
New, Safety-tread ATLAS Tires...
MORE THAN A 6000 RESOLUTION!
You’ll drive with added confidence and assurance
with sturdy, deep-tread Atlas Tires on your car—
these big, tough, first-quality tires will take slippery
pavements in stride!
Be sure to inspect the Atlas Tire at your nearby
Esso Dealer’s. Press your hand firmly on the tread
and actually feel the tested road grip that can mean
so much when the going’s tough. Then read the broad,
written 12-months’ make-good warranty that backs
every Atlas Tire you buy. With over 33,000 deal
ers throughout the U. S.
and Canada behind that
warranty, the Atlas
Tire has to be good—
and, Mister, it really is!
Start the New Year safer-with ATIAS,
"the tire that makes good on the roadl"

Extra toughness tor extra wear
Wide, deep safety-grip tread
Performance roed-proved over 16 year*

Broad, written tire-life warranty
On-the-spot service by 33,000 dealer*
' Backed by ESSO, a name you can
depend on
NOTE: If your dealer does not have
the size ATLAS Tire you need, place
your order now for future delivery.
The sign of STANDARD OIL COMPANY
•Heppy Metering*_OF NEW JERSEY
HUGHES! BROS.
DISTRIBUTORS
- . <
ATLAS TIRES ATLAS BATTERIES
Guaranteed in Writing Guaranteed in Writing
for 12 Months by for 2i Months by
STANDARD OIL CO (N. J.) STANDARD OIL CO (N. J)
SERVICED BY 33,000 DEALERS FROM COAST TO COAST

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