The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990, July 24, 1947, Image 10

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The Wilmington morning star. [volume], July 24, 1947, Page 10, Image 10
About The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990

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The Wilmington morning star. [volume] (Wilmington, N.C.), 24 July 1947. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn78002169/1947-07-24/ed-1/seq-10/>

Newspaper Page Text

Selected Industrials Join
Rails In Forward Splurge
Closing Hour Finds Favo
rites Enjoying Gains Up
To Three Points
MARKETS AT A GLANCE
NEW YORK, July 23—(IP)—
Stocks — Higher; selected
Industrials lead advance.
Bonds — steady; rails im
prove.
Cotton — irregular; liqui
dation, mill buying.
CHICAGO
Wheat — firm; CCC buying
cash grain.
Corn — firm: cool mid-west
ern weather.
Oats — firm; yields reported
poor.
Hogs — unevenly steady to
78 cents higher; top S27.25.
Cattle — steady to 50 cents
higtier; top $32.25.
NEW YORK, July 23—(IP)—The
stock market shook off some of
it* lethargy today and, in the most
active session of the past week,
selectecf industrials and rails mov
ed up fractions to around 3 points
although exceptions were plentiful.
Dealings turned lively in the
forenoon as blocks of low-quoted
issues running to 9,000 shares bus
ied the ticker tape. Carriers came
to the fore for a brief interval,
then took a rest. Dealings tapered
after midday and extreme gains
were 'reduced in the majority of
instances at the close. Transfers
of 1,080,000 shares compared with
Tuesday’s min.mum for the month
ot 780.000 and were the largest
since last Thursday.
The Associated Press 60-Stock
Composite was up .5 of a point at
67.6. widest advance since July 11.
Industrials were up .9 and only .1
under their peak since last August.
The market was the broadest since
last Thursday Of 991 issues re
gistering, 588 rose and 200 fell.
New 1947 Tops
Tops for 1947 were recorded
by Allied Chemical which finished
up 3 1-4 at 194 1-4; Eastman Ko
—-----1
H. Berger & Son
Furniture and Home Furnishings
July Clearance Sale — Prices Slashed Below Cost
707 NORTH FOURTH ST. DIAL 5128
s ;
Air Mattresses ■
■ ^ i
| Values up to ( 1 F A ■
\ $21.00, NOW— !
S 1
i Values up to t T A A %
| $16.00, NOW— y J ■ U U ,
“IDEAL” for \
★BEACH ★BOATS
i ★ SURF ★ CAMPING
★ UNEXPECTED GUESTS
l LIMIT 4 TO A CUSTOMER j
■ - I
I • All Sales Final • No Exchanges • No Refunds j
i Sale continues until all mats are gone. COME
I EARLY and get one of the BETTER MATTRESS
i es:
1 :
i ;
1 !
i !
I !
I !
I 209 Market Street Dial 2-3224
dak 1 at 48 5-8, Federated Depart
ment stores 3-4 at 27 5-8 and Ro
bert Gair 1-4 at 9 1-8. Liggetts &
Myers was up 1-2 at 91 on a raised
quarterly and G R. Kinney 3-8 at
15 5-8 on an extra payment. In
gersoll-Rand voted a $1.50 extra
but the stock never sold.
Cudahy added 3 at 48 and Amer
ican Woolen 2 1-2 at 41 3-4. Ahead
a point or more were Sante Fe at
89 1-2, Publicker 26 3-4, Zone Star
Cement 69 1-2, Bethlehem 69 1-2,
Goodrich 56, Dow Chemical 167 1-2
and Phelps Dodge 42 1-2.
Modest plus signs were retained
by U. S. Steel, Youngstown Sheet,
Chrysler. Goodyear, Montgomery
Ward. Woolworth, International
Harvester Douglas Aircraft, Amer
ican Telephone, Anaconda, Ken
necott, American Can, General
Electric, Union Carbide. Wilson
& Co., Pepsi-Cola. Standard Oil
(NJ), Southern Pacific, Baltimore
Sc Ohio, Chesapeake & Ohio and
Southern Railway.
Bonds Steady
Bonds steadied. At Chicago
wheat ended down 1 3-4 to up 3-4
of a cent a bushel, corn off 1-4 to
up 1 3-4 and deferred oats up 1-2
to 1 1-2. Cotton developed weak
ness at the last and lost $2.35 to
S2.75 a bale.
Forward movers in The Curb
were Colonial Sand, Coro Inc.,
Middle West Corp., Salt Dome
Oil and Tampa Electric, the last
named on a boosted dividend.
Turnover here was 250,000, shares
versus 230.000 yesterday.
STOCK AVERAGES
Compiled By The Associated Press
July 23—
30 15 15 60
Ind Rails Util Stocks
Net Change A.9 A.4 A.l A.5
Wednesday 95.8 36.3 43.0 67.7
Prev Day 94.9 35.9 42.9 67.2
Week Ago 95.9 35.5 43.0 67.5
Month Ago 90.8 31.9 42.5 63.9
Year Ago 99.7 44.7 51.6 74.5
1947 High 95.9 38.5 47.2 69.0
1947 Low 83.2 27.7 40.6 58.5
1946 High 110.4 51.2 55.4 82.4
1946 Low 82.0 30.9 42.5 59.4
WHAT STOCKS DID
NEW YORK, July 23—(TP)—
Wed Tues
Advances - 588 336
Declines _ 200 367
Unchanged _ 203 229
Total Issues- - 991 932
CHICAGO PRODUCE
CHICAGO, July 23.—tU.P.)—Pro
duce: Pouitry: 24 trucks; steady;
broilers 29-33; Plymouth Rock
springs 30
Cheese: twins 35-36 1-2; single
daisies 38 1-2 -39; Swiss 49-53.
Butter: 743,975 lbs.; nervous, 93
score 67 1-2; 92 score 66 1-2; 90
score 63 1-2; 89 score 62 3-4; car
lots, 90 score 64: 89 score 63 1-4.
Egg»: 16,461 cases; weak: ex
tras 1, unquoted. Extras 2, 48-49.
3 and 4, 44-45; standards 1 and 2,
43 1-2- 3 and 4, current receipts,
38 1-2 -40: dirties, 36-36 1-2; checks
35 1-2 -36.____
CURB Jewelers
Wilmington's Fine Jeweler
264 N. Front Bt. Dinl 2-1511
IH. L. GREEN I
5c to SI.00 Store I
258 No. Front St. |
f WtitjJitioilU Heack
to have
Jbuu Sesurice
X
^Xj853043®'*'
Beginning Thursday, July 24
Telephone service for Wrightsville Beach will be
changed to dial service at 12:01 A.M. on Thursday, July
24. At that time all Wrightsville Beach subscribers will
hove new telephone numbers and calls between Wrights
ville Beach and Wilmington will be handled as follows:
Calls from Wilmington to Wrightsvillo Beach
Dial 8 and then dial the Wrightsville Beach
subscriber's number.
Calls from Wrightsville Beach to Wilmington
Dial 8 and then dial the Wilmington subscrib
er's number.
1
You will find this dialing information and the new
Wrightsville Beach telephone numbers in the new Wilming
ton directory which has just been delivered.
0. G. BAIN
Manager
SOUTHERN BELL TELEPHONE AND TELEGRAPH COMPANY
INCORPORATED
Stock Market Quotations
By THE ASSOCIATED PRESS
Pre- Yes
vious terday
Close Close
Alleghany - 8%
A1 Chem and Dye 190 194
Allis Chal Mfg. 37% 38%
Am Can - 93 92
Am Car Fdy.- 48% 50
Amer RoH Mill .... 31% 31%
Am Smelt and Ref 61 61
AT and T .- la6% 157
Am Tob B.. 76% 7^%
Anaconda - 57 3; Vi
Arm IU _ 44% 15%
Atlantic Coast Line 54Vi 57
Atlantic Refinery .. 38% 37%
Aviat Corp- 6% 5%
Baldwin _ 19% 19Vi.
Baltimore and O- 13% 14%
Barnsdall —- 29% 29%
Bendix Aviat - 33% 33%
Beth Steel _ 88% 89%
Boeing Airp .. 16% 16%
Borden - 43% 44%
Budd Mfg - 11% H%
Burl Mills.. 19% 19%
Bur Add Mach- 13% 13%
Cannon Mills -- - 66
Case J I _ 38% 38
Caterpil Trac - 59% 61%
Ches and O - 47% 48%
Chrysler - — 61% 61
COTTON
NEW YORK COTTON
NEW YORK, July 23—(TP)—Cot
ton futures registered losses today
of $2.35 to $2.75 a bale on scatter
ed outside liquidation and hedging,
which met indifferent trade sup
port. Some sailing was credited
to news that Geneva Trade confer
ence had rejected the U. S. type of
agricultural export subsidy. This
might force some change in the
subsidy policy on cotton, traders
feared. Cancellation of the U. S.
relief program for Poland attract
ed some attention on me. iheory
that it might reduce that country's
purchases of American cotton.
Forecasts of showers in parts of
Texas would be extremely bene
ficial to the crop there.
In the export field it was report
ed that Holland recently purchased
25,000 bales of American cotton tor
shipment in the fourth quarter of
this year.
Futures closed $2.35 to $2.75 a
bale lower than the previous close.
Open High Low Last
Oct 35.22 35.30 34.73 34.75 off 51
Dec 34.63 34.75 34.26 34.26 off 48
Mch 34.20 34.45 33.91 33.94 off 52
May 33.94 34.12 33.60 33.62n off 48
jly 33.13 33.36 32.78 32.78 off 55
Oct 30.22 30.25 29.92 29.90b off 47
Middling spot 37.74N off 85.
N-Nominal; B-Bid.
NEW ORLEANS COTTON
NEW ORLEANS, July 23—(TP)—
Cotton futures closed easy $2.10
to $2.70 a bale lower.
Open High Low Close
Oct 35.21 35.25 34.70 34.75 off 54
Dec 34.67 34.72 34.20 34.24 off 42
Mch 34.20 34.42 33.91 33.98 off 46
May 33.95 34.10 33.57 33.64 off 47
Jly 33.20 33.27 32.78 32.80 off 52
NEW ORLEANS MIDDLING
NEW ORLEANS, July 23 — (TP)
— The average price of middling
15-16ths-inch cotton at ten South
ern spot markets today was $3.00
a bale lower at 37.54 cents a
pound; average for the past
thirty market days 37.60. Middling
7-8ths-inch average 35.98 cents a
pound.
NEW ORLEANS SPOTS
NEW ORLEANS, July 23—(TP)—
Spot cotton closed steady $3.50 a
bale lower here today. Sales 44,
low middling 31.75, middling 36.75,
good middling 37.35, receipts 459,
stock 40,989.
CHARLOTTE SPOTS
CHARLOTTE, July 23—(TP)—Spot
cotton 38.25.
GRAIN
CHICAGO GRAIN
CHICAGO, July 23—(TP)—Renew
al of government wheat buying,
cool weather in the midwest and
reports of poor oats yields combin
ed to produce a strong grain mar
ket on the board of trade today.
Feed grains showed wider g^ins
than wheat.
Wheat closed 1% lower to %
higher, the July contract showing
the loss and ending at $2.3814
$2.39%. Corn was % lower to 1 %
higher, July $2.18-$2.19. The July
oat contract closed on a weird split
quotation of $1.05 to 98 cents. De
ferred oats were % to 1% higher.
Open High Low Close
WHEAT—
Jly 2.40% 2.31% 2.38% 2.39%
Sep 2.36% 2.38% 2.36% 2.3714
Dec 2.34% 2.36% 2.33% 2.34%
May 2.31 2.33 2.30% 2.32
CORN—
Jly 2.18% 2.21 2.16 2.19
Sep 2.10 2,12% 2.09% 2.1114
Dec 1.87% 1.91% 1.87 1.89%
May 1.82% 1.85% 1.82% 1.83%
UA IB—
Jly 1.04% 1.07 .98 1.05
Sr,) 96% 98% 96% 97%
Dec 93ys 94% 93% 93%
May 91% 92y4 91 91%
SOYBEANS—
Nov 2.87 2.87 2.87 2.87
LARD—
Jly 18.15 18.20 18.15 18.20
Sep 18.40 18.50 18.30 18.40
Oct 18.47 18.60 18.47 18.60
NoV 18.55 18.77 18.45 18.70
CASH GRAIN
CHICAGO, July 23 — W —
Wheat: No. 1 hard 2.40 1-2—2.41.
Corn: No. 1 yellow 2.21—2.22 1-4;
No. 2, 2.21—2.22; No. 3, 2.19 1-4—
3-4; No. 4 2.12 1-2—2.16 1-2; No. 5
2.02—2.10; sample grade 1.51—1.99
12. Oats: No. 1 heavy white 1.14—
1.14 3-4; No. 1 white 1.08 3-4—1.10
3-4; No. 2 heavy white 1.14 1-2;
No. 4 white 98 cents. Rye: No. 2
grades 2.40-2.50. Soybeans: No. 2
yellow 3.33.
Barley: choice malting 2.00—2.
25; malting 1.70—2.25; feed 1.60—
1.80.
TREND OF STAPLE PRICES
NEW YORK, July 23—The As
sociated Press weighted wholesale
price index of 35 communities to
day advanced to 183.66.
Previous day 183.40, week ago
182.91. month ago 174.81, year ago
146.43.
1947 1946 1945 1944
High 184.32 179.72 112.81 108.73
Lotv 164.05 112.02 107.90 106.03
<1936 average equals 100).
Coca Cola -
Coml Cred.- 43% 44%
Coml Solv -.— 25% 26
Comwlth and Sou — 3% 37*
Consol Edis - 26 26
Cons Vultee - 12% 12%
Cont Can .. 38 38
Corn Prod - 65% 65%
Curt Wright - 4% 4%
Curt Wright A- 15 14%
Dow Chem - 167 167%
Doug Aire - 56 57
Du Pont - 192% I99
Eastman Kod - 477% 48%
Firestone - 52 52
Gen El _ 38 38/s
Gen Foods- 41% 41%
Gen Mot-- 60% 60%
Goodrich - 55% 5b
Goodyear -- 47% 46%
Gt Nor By P*- 45ys 46
Int Harvest - 90 90%
Int Tel and Tel- 13% 13
Johns Manv -— 44% 43%
Kennecott - 46% 47%
Ligg and M B
Loews . 23% 23%
Lockheed - 13% 13%
Lorillard - 20 19%
Mont. Ward - 62% 63%
Nash Kelv - 18 17%
Nat Bis —. 29% 30%
Nat Cash Reg- 40% 40%
Nat Dist - 2174 22
N Y Cent- 16 16%
No Am Av- 8% 8Yi
No Pa?_ 20% 21%
Packard - 574
Param Pic_ 28% 28ys
Penney J C-- 46 47
Penn R R _- 21% 21%
Pepsi Cola- 31% 33
Phillips Pet - 63 63
Pit S and B _- 874 8%
Pullman - 56% 57
Pure Oil- 23% 28
Radio - 8%
Radio K O.—- 1374 13%
Rem Rand _ 34 34%
Repub Stl -— 27% 2774
Reynolds B _ 42 417/s
Sears - 3974 40
Soc Vac -- 1674 167/s
Sou Pac _ 44% 46V8
Sou Ry .. 39 4174
Std Br-- 3074 327/8
Stewart War- 1674 1 6
Swift _ 3574 3574
Tex Co-- -- 67 67
Un Carb .. 110 109
Unit Airl _ 14074 24
Unit Aire-- 19 74 19%
Unit Corp - 374 3%
Unit Drug _ _ _
Unit Fruit __ 56 57%
Unit Gas Imp_ 22% 22%
U S Indus Chem_ 4674
U S Rubber _ 49% 4974
U S Smelt and Ref 48% 4974
U S Steel _ 7474 74%
Vanadium - 17% 18
Va Caro Chem_ 7% 774
Warner Pic - 17 74 1 6 74
West Un A_ 23 22%
West El ... 29% 29
Woolworth ... 4974 5074
CURB
Can Marconi _ 1% 174
Cities Service _ 3874 3874
Colon Dvmt _ 3% 374
El Bond and Sh_ 1274 1274
LIVESTOCK
CHICAGO LIVESTOCK
CHICAGO, July 23—(/P)—(USDA)
—Salable hogs 8,800, total 10,500;
fairly active; weights under 24G
lbs steady to mostly 25 cents high
er; butchers over 240 lbs 25 to
I mostly 50 cents higher; sows
[ uneven, 50-75 cents higher; top
27.25; bulk good and choice 170
240 lb 26.50-27.25; 250-270 lb 25.5Q.
26.50; 280-300 lb 23.25-25.00; 300
330 lb 22.50-23.50; around 350 lb
21.75; good and choice sows under
350 lb 20.50-22.50; few 22.75; 250
400 lb 19.50-21.50; 400 to over 500
lb 15.50-19.75.
Salable cattle 8,000, total 8,200;
salable calves 500 total 500; good
and choice fed steers and yearlings
including yearling heifers strong to
50 cents higher, yearlings scarce
scaling 1,550 lb downward, showed
most advance; medium grades
steady; bulk good and choice
steers and yearlings 27.50-32.00;
choice weighty steers 32.25; com
parable yearlings 31.00 with choice
888 lb heifers 29.50; medium steers
at 24.00 down and heifers at 22.00
down; closed slow; cows slow,
steady; most beef cows 14.00-1.00;
good offerings to 2.00; cutters 12.75
down; bulls strong t0 25 cents
higher; mostly 18.25 down on
weighty sausage offerings; vealers
steady at 24.00 down.
RICHMOND LIVESTOCK
RICHMOND, Va., July 23—tfP)—
(USDA)—Livestock: Hogs—market
steady on all weights; top $25.00
for good and choice 180-240 lb.
barrows and gilts; 90-100 lb. $17.00;
100-120 lbs. $18.00; 120-140 lbs.
$22.00: 140-160 lbs. $23.00; 160-180
lbs. $24.00 ; 240-300 lbs. $23.00; 300
lbs and up $22.00; good sows under
350 lbs. $18.50; 350-500 lbs. $16.00;
over 500 lbs. $15.00; good stags
under 350 lbs $16.00; over 350 lbs.
$14.00.
Cattle — general market steady
and unchanged; bulk fat dairy
type cows $12.00-14.00; canners and
cutter^ $9.00-11.00; good beef type
cows quotable to $16.00 or slightly
above; vealerg mostly $22.00 down,
few choice higher; good to choice
spring lambs mostly $20.00-21.00
medium down to $18.00 or below.
BOND QUOTATIONS
AT and SF 4s 95_129%
ACL 4%s 64 ...109%
Can Pac 4s Perp_103%
C and E I Inc 97 _ 41%
C GW 4s 88 . ___86%
CRI and P R 4s 34 .. 54%
Hud C 5s 62A _ 85%
H and M 5S 57..59%
Ills-Cent 4%s 66_82
Int G N 6s 52 ... 19%
MK and T A J 5s 67_70
N Y C R 5s 2013 _85%
Nor and West 4s 96 __ 133%
Nor Pac 4%s 2047 _97%
Penn R R G 4%s 65 _ 109%
Sou Ry CN 5s 94 _ 121%
West Md 4S 52_ 103
FOREIGN BONDS
Aust 5s 55 _ 105%
Poland 8s 50 ___— 17
CHICAGO BUTTER
CHICAGO, July 23 — (/P) — (US
DA)— Butter irregular: AA 93
score 68; A 92—67—67.25; B 90
63.75—64; C 89 — 62.75—63.25.
Eggs weak: large No. 1 and 2
extras 48—49; medium extras 43—
44: standards 40—43; current re
ceipts 38.5—39.5; dirti«« J6—36.5;
check 35—35.5. /
B. C. — N. C. PEACH MARKETS
SPARTANBURG, S. C., July 23—
(IP) _ (U3DA) — Peaches: haul
ings Tuesday light, demand good,
market firm. Sales FOB shipping
point, bu.baskets, U. S. No._l early
elbertas, 2 inch and up 2.75.
HAMLET. — Kaulings light, de
mand good market slightly strong- ■
er. Sales FOB,, shipping point, bu. ,
baskets, U. S. No. 1 Hileys 2 inch
and up, mostly 2.25, few 2.50: 1 7-8
inch and up 2 00; 1 3-4 inch up too
few sales to quote.
NAVAL STORES
SAVANNAH, Ga., July 23—(.Pi
Turpentine 57 1-4; offerings and
sales 501; receipts 385; shipments
407; stocks 8.003.
Rosin: offerings and sales 200;
receipts 1.024; shipments 1,625;
stocks 10.509.
Quote: B and D, 6.50; E, 6.55; F
to WG, 6.78; WW and X, 6.80.
Dial 2-3311 For Newspaper Service
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The Wilmington morning star. [volume], July 24, 1947, Page 10, Image 10
About The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990

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The Wilmington morning star. [volume], July 24, 1947, Page 10, Image 10
About The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990