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NEW CITY BUDGET BUNG PREPARED Conferences Leading To New Tax Rate Planned City department heads will sub mit their 1947-48 budget requests to City Manager J. R. Benson Tuesday in the first major step toward adoption of a new mun ci pal budge: and setting the next tax rate figure. Currently the city has a S! 35 tax rate, a figure that has p[e vaded for several years. Budget for the 1946-47 fiscal year was $1,853,261.93. of which 71- .493.660.41 was for the general fund and $359, 601.82 for the water department. Benscn said yesterday that as ' soon as he receives the budget r« quests from the department head he will begin a series of confer i1 ences with each one in which eacl request will be carefully gone over After these conferences are con eluded and revenue estimates fo: the new year are compiled ant given the city manager, anothe. series of meetings will be held b; ’ citv councilmen and the manage: ! until all department budgets art approved. The new tax rate will be se when the budget as a whole k adopted by council and revenut expectations for 1947-48 are agreec upon. Benson said yesterday that f j would take all of this month anc probably part of July before any concrete action is taken. Dial 2-3311 For Newspaper Service Announcing The Opening of New Hanover's Newest Amusement Attraction Sunday, June 8—Today DRIVE-IN-THEATRE LOCATED MIDWAY BETWEEN WILMINGTON AND CAROLINA BEACH POPULAR PRICES: Children under 12 years ol age Admitted Free SHOWING SUNDAY—MONDAY / / / SINGING! I//I/I/I I DANC,NG! U ift/t {J ! ROMANCING! ***" TECHNICOLOR VAN JOISOH * ESTHErLWILUAMS i, EIIiMHEEMWP , f Hear Esther Williams sing the tropical love song "Come Closer to Me' ‘A CECIL KELLAWAY • CARLOS RAMIREZ • BEN BLUE ETHEL SMITH at the Organ Directed by EDWARD BUZZELL • Produced by JACK CUMMINGS Adapted by Dorothy Kingsley • From the Screenplay "Libeled Lady" by Maurine Watkins. Howard Emmett Rogers and George Oppenheimer Enjoy Good Movies From Your Car TWO SHOWS NITELY FIRST SHOW AT DUSK BRING THE WHOLE FAMILY TO THE DRIVE-IN-THEATRE IT’S TRUE... AND TERRIFIC - - '.ho mighty, true story behind the invasion of Normandy . . he throbbing story of the vorld’s best kept secret . . ; t will thrill you to the quick j Don’t Miss It ! ! ,||| NOW SHOWING l||| Jomwg soSn-^! AND ALE THIS WEEK | "Jr' «• n-1 • IT ^LaMppBijnnnMMJiM “Shocking Miss Pilgrim” ^ l F | J7T7XjTJ GRABLE - and - HAYMES lUliii rhalmilrn^ “boqmrang” riANA ANDREWS MAT. NITE (1I1I.IIKI N Ur till -_—-• ■ - Mil 3SC — <»« anytime ac |ll’_“HOMESTRETCH” Stock Market Barely Holds ' Its Balance In Past Weeks _) NEW YORK, June 7-—[IP)— The i stock market barely managed to : relain its balance tnis week. A slow-moving advance in the /inal session Friday just about can I celled earlier losses. It was the , third successive week in which the share price average finished even with or better than the close ol the period preceding. The Associat ed Press 60-stock composite was unchanged at 61.2. Wall street produced no decisive response to new's of the week— favorable or unfavorable. Clamp iing a strait-jacket on bullish en thusiasm was the persistence ol doubts whether the tax and labor legislation would become law. For eign developments also were an unsettling influence. However, commission houses re ported some customers were com ing to believe that recent dim | views of business prospects may I have been over-pessimistic. One analyst noted that “every one is preparing for a recession in the future but when what was once the future becomes the present, business is still good.'’ Some pro fessional bidding was attributed to the theory a summer rally is due. Customers’ apathy toward mar ket commitments was reflected in the week's volume of 3,209,250 shares traded—one of the smallest totals since the period ended Oct. 14, 1944. On two days. Monday and Thursday, transactions dropped to 520,000 shares, lightest for a full I session since July 5, 1946. The week started with its widest ; decline since May 17. as some aircraft and air transport issues dipped in the wake of the Memorial day holiday week-end plane disas ters. Dealings were limited, how ever. to the smallest number of issues appearing on the ticker tape since July 5, 1946. ■ The lost ground w'as more than recovered by the list in general | on Tuesday when a last hour rally | was set off by the sharp jump in i net profit reported by Standard Oil company (N.JJ and volume expanded to 690.000 shares. Jersey standard and other oils displayed strength through the remainder of the week. Jersey establishing new 1947 highs. Wednesday drew me oesi activi ty of the week at 820.000 shares but a midday buying flurry evap orated and stocks lost ground as doubts were expressed whether the tax bill would be signed. Anoth er noon rally on Thursday failed to hold, although Pere Marquette stocks jumped around three points on news the w’ay was cleared fot its merger with Chesapeake & i Ohio, which was affected Friday, j Feature of Friday's session, in another light day of 660.000 shares, was a 9 3-4-point decline in Pact fic telephone common after reduc tion of its quarterly dividend. ST. LOUIS STOCKYARDS ST. LOUIS National Stockyards, HI., June 7—(UP) — tUSDA)—Live stock: Hog receipts 150. Market steady yesterday’s average. Top 24.35 on weights around 200 lbs. compared with close last week; barrows and gilts steady to 25c higher; sows 25c to 50c higher. Cattle receipts 100; calves none. Compared with close last week; steers and heifers 25c to 50c high er; cows mostly 50c higher; bulls firm; vealers steady fo 5Cc lover; decline on tops. Tops for the week: choice 1293 lb steers 26.50; choice 776 lb heifers 25.50; good cowS 18.50; good beef bulls, 17.00; good sausage bulls 16.50; choice vealers 27.50; choice replacement steers 22.25. Bulks for the week: choice steers. 26.00-27.00: good to top g-ood 24.00- 25.75; medium, 20.75-23.75; good and choice heifers and mixed yearlings 23.50-25.50; medium 19.50 22.00;' common 15.50-18.00; good cows 16.50-18.00; common to me dium 14.00-16.50; canners and cut ters 9.50-13.50; good beef bulls 16.50-17.00; medium to good sau sage bulls, 15.50-16.50: good and choice vealers. 22.50-26.50: medium 15.00- 22.00: culls and common, 8.50 14.00. Sheep receipts none, uimpurea with close last week; spring lambs $1 to 1-50 higher; old crop lambs steady to 25c higher; ewes mostly $1 to 1-50 lower; top spring lambs for the week 26.00; top clipped lambs 22.00; bulk good and choice native spring lambs 24.50-26.00; medium to good, 21.50-24.50; culls and common, 17.00-20.00; most good and choice clipped lambs with No. 1 to No. 3 ^elts, 21.00 21.75; few fresh shorn 20.75; me dium to good lois 18.50-20.50: culls and common. 15.00-18.00; bulk me UftLidl&D dtv,Ui\l 1 iLJ> bxw.x C_ ixealC'l^, AxiC. i.-‘U w.»l _— ces out are unofficial. They ao not. iepit^tiH acv^ai iran^acwiOiis, wacj c.- - .. dc — euluC i<J XxiC MppxOxAx iiixxcc -c.x0c wnexx uiese sc-unues coulu nave been soid (.indicated by the -u*uj or oougnc (inaicaceu by Uie; "ashed’ ) at me nme of compilation: Description *>ia Ask | Acme Alum A1_ 7 i-b 8 nciuii AiUJxl Ai Pid_18 1-2 2j 1-1 Alabama Great South KK 81 84 Ain Air x Xitel’ _xj, 3-4 xo 3-4 Am Bak _2b 31 Am ixhKa _b9 71 Am wa i' ranee f oamite 8 9 Am 11' Go. _b‘, j 69u Ain A am oc Pro _10 1-4 11 Am * am «x Pro 4% Pfd _ 90 94 Anderson xricnara Ou $2,125 Con. Pfa___ 52 1-2 52 1-2 Basket f urniture And_ 25 3-4 l< 1-2 Bauscn 6c Lomb Optical _ 18 19 1-2 Bird cc Son _ 15 lb Blue Beil __ 16 3-4 Buxiaio Belt _11 1-4 12 ! Butler s _ 5 1-2 6 1-2 Butler’s 4 1-2% Pfd_21 . 23 Carolina Insuiance _aO 32 Carolina Mountain Tel — 2 3-4 2 7-8 ! Carolina Pwr 6c Be _34 1-2 25 1-2 I Car Pwr 6c Li 4% Pld-117 119 Cnad Hos xViilxs_- 7 8 Chad Hos MiLs 4 l-2%Pfd 37 39 Cleveland Cliffs *5 Pxd __ 84 da 1-4 Coble Dairy Proa 5% Pxd 49 1-2 j2 Colonial Stores _ 21 1-2 22 1-2 Colonial Stores 4% Pfd_aO 52 Dan Kivers Mills _ 11 3-4 12 3-8 Ban Kiver 4 1-2% Pfd_106 107 Dixie Home Stores_16 1-4 17 Drexel f urniture _13 14 Dwight Manufacturing __ 25 26 3-4 Edison, Thomas A “B” _ 15 1-4 16 5-8 Empire Dist Elec_15 1-8 16 1-8 Erwin Cotton Mills _13 14 Erwin Cot Mills 6% Pfd__ 113 - Foremost Dairies _13 3-4 14 1-2 Foremost nairies 6Vo Pfd 51 - Funslen it E _ 6 6 1-2 Gamble Brothers _ 6 1-4 7 3-4 Garfinekei, Julius _ 16 3-4 18 3-4 Gar, Julius 4 l-2%Pfd_21 23 1-4 Garlock PacKing _19 21 Georgia Hardwood_ 9 3-4 10 1-2 Gleaner Harvester _19 1-2 21 Gordon Foods _ 5 3-4 6 1-2 Grinnell _ 23 1-2 25 Hanes, P H Knit (Par $5* 18 19 1-2 Houston O.l Field Material 6 1-2 7 5-8 International Textbook _ 12 13 Interntaional Detrola _ 8 3-4 9 1-4 Jefferson Stand Life Ins 26 27 Kendall __ _ 24 25 1-2 Kingsport Pi ess- 10 3-4 11 1-4 Life & Casualty Ins_18 19 xYlcBee - 6 3-4 6 1-4 May-McEwen-Kaiser _ 10 11 Moore Handley Hdw_ 6 7-8 7 1-2 Morganton Furniture _16 17 Nat Container 4 3-4% Pfd 52 1-2 54 1-2 New Britain Machine_ 27 1-2 30 N C RR___195 Northwestern Nat Life Ins 18 - Occidental Life Ins_ 5 5 1-2 Ohio Water Service _17 1-2 19 1-4 O’Sullivan Rubber _ 4 3-4 5 1-4 O’Sullivan Rubber $20 Pfd 18 19 Peninsular Tel _ 45 43 1-4 Peoples Sav Bk Sc Tr_ 80 - Piedmont Sc Northern RR 60 62 Pilot Full Fash Mills_10 1-2 Riegel Tex $4 Pfd _ 90 93 Robertson H H _ 36 1-2 38 3-4 Rose’s 5-10-25c Stores _ 48 51 1-2 Saco-Lowells Shops _ 34 36 Scott & Williams _ :9 1-2 21 ' Seaboard Finance Pfd __ :1 34 j Security Life Sc Tr _ 60-| j Sec Nat'l Bk_28 _ , Solar Aircraft Pfg _13 1-2-| Sonoco Prod _ 29 1-2 j South Atlantic Gas _ 9 3-4 10 3-4 i Southern Webbings Mills 9 10 ! Standard Forgings _10 1-4 11 1-8 ' Standard Stoker _ 20 3-4 22 3-4 Stevens J P _ 29 1-4 30 Stonecutter Mills _ 6 7 Stromberg Carlson 4%Pfd 36 1-2 39 1-4 Talon __ 42 44 1-4 Textiles - 11 3-4 12 1-2 | Textiles 4% Pfd _24 1-4_ Thiokol __ 1 3-4 2 1-4 Tidewater Pwr _ 8 3-8 8 7-3 Towmotor - 15 3-4 17 1.4 Twin-Coach $1.50 Pfd_ 25 3-4 27 3-4 United Transit _ 5 5 3-4 j Victor Products _ 7 7 1-2 Virginia Electric Pwr_14 2-4 15 1-2 Wachovia Bk & Tr Co __ 58 60 1-2 Warner & Swasey __ 8 3-4 9 1-2 Wilmington Sav & Tr _ 49 _. CHICAGO STOCKYARDS CHICAGO, June 7—(JPj— (USDA) —Salable hogs 500 (estimated), total 4,500; compared week ago weights under 240 lbs steady, heavier weights and sows 25-50 higher. Salable cattle 500 (estimated); total not given, compared week ago, fed steers and heifers 25-50 higher; market closed very ac tive at advance; good and choice grades showed most upturn, such cattle closing largely at 24.75-27.50; medium grade steers and heifers very scarce; active; good beef cows strong, all others unevenly 50 to 1.00 lower, with canners and cutters mostly 1.00 down, bulls to 1.00 higher; receipts about 9,000 larger locally, 24,000 head more than week earlier showing up at twelve large markets; cow run a little larger, with bigger percent age showing grass; choice weighty steers topped at 27.75; seven loads at price; choice light steers reach ed 27.60; choice 943 lb yearling steers 26.60; mixed steers and heifers 26.50 and choice heifers 26.00; very liberal supply week’s average-good to average-choice steer receipts sold at 25.25-27.25; sizable supply choice steers 27.35 27.65; most good and choice heif ers wound up the week at 24.00 25.50; several choice loads bring ing 25.75-26.00; cutter cows closed at 13.50 down, canners 9.50-11.00: strongweights 11.50; good beef cows reached 21.00; little passing 19.50 however; underweight native southwest bulls 12.00-13.00, scaling 650 lbs down; weightier bulls 14.00 up with heavy sausage and beef bulls to 17.50; vealers 26.50, mostly 26.00 down; most medium to choice stock cattle 17.75-22.00 on 25 cents or more higher market as replace ment inquiry broadened. Patient Slays Doctor, Kills Self With Gun LOS ANGELES, June 7 — UP) — Police wrote off as murder and suicide today the fatal shooting of a 55-year-old physiciah by a pa tient he had been treating for stomach ulcers. A former professor of pathology and bacteriology at Rockefeller Institute, New York, Dr. George Wade Wilson was found dead in his home, three bullet wounds in his body. Nearby lay the body of Ray mond Wesley Hobert, 51, a bullet through his heart. Beside him was a .38 caliber revolver. Det. Sgts. William C. Tilden and Henry G. Wild said that shortly before the shooting, Hobert return fid from a sanitarium where Dr. Wilson recently had sent him for treatment. - ! RALEIGH POULTRY RALEIGH, June .7—MF>—(NCDA) Raleigh egg market steady. U. S. grade A large 46. Poultry market: dryers and broilers steady at S" o 33. jm to good shorn ewes 7.00-7.50 -iter sales $7 down, cull and com mon, 5.00-6.50. GRAIN RANGE CHICAGO, June 7—(£“)— Open High Low Close WHEAT July 2.28 2.28% 2.23 2.24 i Sep 2.24U 2.24% 2.20% 2.21% Dec 2.21 2.21% 2.18% 2.19 May 2.17% 2.18% 2.16 2.16% CORN July 1.89 1.90% 1.88 1.88% Sep 1.77 1.78% 1.75% 1.76 Dec 1.61 1.63% 1.58% 1.58% May 1.57% 1-57% 1.54% 1.54% OATS Juiv 97% 99 96% 97 % Sep” 90 91 89% 89% Dec 86% 88% 86% 86% May 84% 851 $ 83% 83% LARD July 21.10 21.20 20.90 20.90 Sep 21.25 21.35 21.00 21.10 Oct.---20.37 Nov 20.00 20.25 19.95 20.20 HOG MARKET RALEIGH, June 7—(£>»— (NCDA' Hog markets steady. Tops of $22.50 at Greenville, Fayetteville, Smith field, Lumberton and Rocky Mount. --- Postal Inquiry Seeks Economies WASHINGTON. June 7—i/Pj—The ; House investigation of the Post j Office department will concentrate ! on seeking economies in 258 of the 1 42,000 post offices, Rep. Rees <R Kans) announced today. These are mostly the post offices in big cities which employ 70 per cent of all postal workers. Of all the department's expenses, 78.11 per cent is for payrolls. CORN ADVANCES CHICAGO. June 7—OP)— Rains and floods in midwesterr, agricul tural areas, creating apprehension I over the crop outlook, were respon sible for price advances in corn and oats on the board of trade to- ; day. Wheat weakened under hedg-! ing pressure. Wheat finished 1 1-4—4 1-2 low er, July $2.23 1-2—3-4. corn was 2 1-8 lower to 3-8 higher, July $1.88: 1-4—1-2, and oats were 1-8—3-4 1 higher, July 97 1-8—1-4. TODAY AND MONDAY Smashing Adventure ON The Raging Sea! Thrilling Action On An Outlaw Ship Of The Orient . . . Terrific Excitement Every Minute! GEORGE O'RRIEH I I in . --- • ADDED • Featurette “MINSTREL DAYS” Technicolor Cartoon l LATEST WORLD-WIDE NEWS “ ————— “ Prices Always • TUESDAY ONLY • _ _ The Horse With The Human Mind! / n f* “GALLANT BESS” «• W W with MARSHALL THOMPSON Plus Tax } i f • WEDNESDAY' ONLY' • • THURSDAY' ONLY' • CLAUDETTE COLBERT WALLACE BEERY in WALTER PIDGEON “THE MIGHTY' McGURK” ( JUNE ALLYSON with DEAN STOCKWELL in EDWARD ARNOLD “THE SECRET HEART” DOROTHY PATRICK FRIDAY' AND SATURDAY' Thrilling Adventure! “UNTAMED FURY” Also—Last Chapter of the Serial, “WHO’S GUILTY” - Plus Chapter 1 Of “JESSE JAMES RIDES AGAIN” ^—____________________ PACKED TARZAN THRILLS! 7 JOHNNY WEISSMULLER £38 NANCY KELLY f&L JOHNNY SHEFFIELD ' \\ Family ----- >*. P!'ices —Extra Added Of|c 3 stooge comedy fail Latest News Events Plus Tax ^ „ . Thuis. Only Tues. - Wed. __ RANDOLPH SCOTT CARY GRANT RnD . I “BA OMAN'S InKt'id BERGMAN 11^ TERRITORY” ln iv \ T®- Kin “NOTORIOUS” IN '"•i \ n WE PRONOUNCE~fr~' "WONDERFUL!" —and so will you after you've seen it. KatPrl superb by all critics! , -mm*, She DANCED... and whips iashcd tor her favor! ; She KISSED... and great nuiae | was born! S^VED... moment) jj Flus Latest News l-'rom Everywhere! —Shows 2:00 - 3.46 Coming Wed. 5:39 - 7:32 - 9:25 Humphrey * BOGART MAT. 30c NIGHT We Barbara ‘PLUS TAX) STANWYCK • ALEXIS SMITH STARTS TODAY ! in "THE TWO MRS. CARROLLS" j~~ WILMINGTON'S ONLY AIR CONDITIONED THEATRE Dial 2-3311 For Newspaper Service ANOTHER, YES ANOTHER OUTSTANDING SCREEN ACHIEVEMENT Lf’afk HE CAME TO MT ARMS AND 4»|r NOTHING CAN TAKE HIM FROM ME . . . NOT THE LAW " ... HIS ENEMIES ... OR HIS OWN FEAR OF MY LOVE ! —•— BHBiBHiHHtaBBHdBBHBII^RB PRICES; OH ■ | W WWTTfB MgS- v Yhia |^^^B n I Hr BB Hj ^H B «■ Matin** 36* Hb^S If I b ™ B ^H B ™^HBB§Sii 46c ^HB K2 N B _^B ^ m B Children 9* ■ flj HB fl^^H fl^^H H —9— BH ■ B | | B B & ■ Bb I DAYS OF ACTION STARTING TODAY ! 2:00—3:40—6:30 7:25—9:16 LATEST WORLD-WIDE NEWS! Next !!... * * “SMASH-UP" Tlie Story Of A Woman