The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990, October 17, 1947, Image 19

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The Wilmington morning star. [volume], October 17, 1947, Page 19, Image 19
About The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990

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The Wilmington morning star. [volume] (Wilmington, N.C.), 17 Oct. 1947. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn78002169/1947-10-17/ed-1/seq-19/>

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^_Reai Ssiaie & Dealers
real ESTATE
buying or selling
MARSHALL REALTY CO.
jjd princess Dial 2-1752
.-'rEflEjOHNSON, Real Estate
pnnfess street Phone 6118
jE- 6749 rights._
(EETIAthe earth. Poster-Hill
r alt'’ Co.. H2 Princess street
Dial 2-33e»-—--.—_
EtT HEWLETT Realtor — buy
» r‘ent trade. 238 Princess
SUiEiAH:_
<^E’OUR Property for sale
llSith Willetts Realty Co.. 124
plLe.-s Street, phone 5233._
rEEoF PRICES list your Real
108 te with W. A. McGirt. Real
frE Princess St.
tor. __
—EE7i Have a farm for sale we
If \u . buyer. Contact Hughes
PP Higgins, Realtors. Dial
1691 ...__
153—Boofmg_
7top""those leaks! Our ex
L-1,■ c-(- applicators can save
Pf;;" j,unicy. Free estimates.
Hoofing and Siding Co.
Dial 628 ',. __
I5^eeds, Plants, Bulbs
v^TToUR own”fruit by plant
b' cat L -bearing fruit trees,
"V -IVl X and berry plants, ol
'b bv Virginia’s largest grow
\v ile for free copy new 44
il:- planting guide listing ex
^.Vve line of fruits and orna
mentals Waynesboro Nurseries,
Waynesboro, Virginia._
r^J^Ze-Vine grape arbor in
vr Red White and Blue, in
cluding Red Lutie. White Nr
,,'-ra' and Blue Concord. $3.20
postpaid. Write for 44-page Plant
L' Guide. Salesmen wanted.
Waynesboro Nurseries. Waynes
boro. Virginia._
fXTElT LAWNS at reasonable
,ates. Complete line fruit trees,
evergreens and ornamentals.
pee price list on request. Dial
2-0063. Henderson and Potter
Nursery._
P^DOLARTERS FOR fa.l grains
‘Genui e Abruzzi rye full grain
oais barley wheat, vetch, wintei
peas rve, grass crimson clover
etc T W Wood and Sons,
VEDe”SPRAYS, spray materials,
"dusts, dusters, for farm garden,
lam. Cross Seed Co. Dial 6868.
^'Employment Wanted
EXPERIENCED ~COLORED chef
wants job. Good references.
Phone 2-7003._
DEPENDABLE LADY" desires
position as nurse or companion
to elderly lady. Phone 20050.
160—Moving & Storage
EYDrTcK’S TRANSFER Depend
able service. Reasonable rates.
Furniture carefully handled. Dial
1-0056 or 2-2322 _
LOCAL AND Iona distance haul
ing. Experienced in safety. Low
est rates ter moving. Phone 6042.
WANTED—Part load to Greens
boro, N. C., or points near and
return load at reduced price.
Batson Transfer Co. _
162—Travel Opportunities
CALL THE Carolina Motor club
for complete worldwide travel
and reservation service. Tele
phone number 5693.
130—Legal
LOCAL QUOTATIONS
Furnished by Allen C. Ewinf & Co.
.... „ *ID ASKED
Aviation Shares .50c 5.64 6.12
ACL of Conn 4.0oa 53 i-o 55 3.4
Boston Fund 2.16b 20 43 22 09
Carolina Insurance 1.40a 26 2a
Chase Nat Bank 1.60a
Ex Div ,40c 35 7.3 37 7.3
McBee ,40a 7 1-s 1 s_a
Mass Inv Trust 1.89b
-. ,E* Div -26c 25.72 27.81
Nat Transit 3 5-8 3 7 8
Nat Tran Pump & Mch Co. 6 6 3-4
Pco Sav Bank & Tr 3.00c 80 —
Red Rock Bot (Inc., G«.) 5 1-4 6 1-4
Sec Nat Bank ,80c 27 28 1-2
Stand Stoker 3.00c 21 1-2 23 1-2
T W P Common .60a 8 3-8 8 7-8
Wil Sav & Tr 2.00c 49 _
a. Indicated annual dividend rate.
b. Income and profits dividends paid
in past 12 months.
c. Paid in 1946.
The above quotations are nominal and
are believed to be indications of the
price at which the securities may be
purchased or sold.
Bermuda became British by
settlement in 1612.
162—Travel Opportunities
FOR QUICK reservation and tica
et service on National Airlines
and all world air and steamship
lines, see or call us. We help
plan vacations anywhere, every '
where. Wilmington Travel Agen
cy. 128 Princess street Phone
2-1037; night phone 2-1449.
170— Wanted "
TO BORROW $6,0t)0.00 on estab
lished business. Good security.
Answer G-M, Care of Star-News.
j WANTED — Any quantity rough
j lumber, green or dry. Highest
prices paid. Carolina Builders
Supply Co. Phone 9830. Burgaw,
N. C.
LOAD OR PART load via Atlanta.
Dial 4928. Jones Transfer and
Storage.
171— Wanted To Bny
WANTED—TABLE top oil stoves,
any make, any price. Hub Furn.
Co. 103 So. Front. Phone 2-0468.
T71 WANTED GOOD Standard
make oil circulator immediately.
Call 2-2986.
WANTED TO Purchase, tuxedo
you have outgrown. Phone 2-8206.
SMALL HOUSE trailer. Price
must be reasonable. Dial 2-8964.
WANTED — Used Army work
clothing and shoes. Turner’s
Bargain Store, 721 No. 4th St.
WANTED—USED sewing machine
—Reasonable—Dial 2-2971.
172— Wanted To Rent
NICE FIVE room house in good
nieghborhood by nice family of
three. Will take good care of j
same. Phone 2-0450. j
2. 3 OR 4 Bedroom house or apart- i
ment, unfurnished; convenient: ;
schools and transportation. Con
tact Harvey Brown, Cape Fear
Hotel or phone 4476,_
ISO—Legal
NOTICE
STATE OF NORTH CAROLINA:
COUNTY OF NEW HANOVER:
Having qualified as administratrix of
the estate of Leslie R. Hummeli, deceas
ed. late oi New Hanover County, North
Carolina, this is to notify all persons
having claims against the estate of the
said deceased to exhibit them to the
undersigned at Box 1555. Wilmington,
North Carolina, on or before the 10th
day of October, 1948, or this notice
will be pleaded in bar of their recovery.
All persons indebted to said estate will
please make immediate payment
This, the 10th day of October, 1947.
Elizabeth Hicks Hummeli
Administratrix of Leslie R. Hummeli,
Deceased.
!8D—Legal
REPORT OF CONDITION OF
The Wilmington Savings and Trust Company, of Wilmington,
North Carolina, at the dose of business October 6th, 1947, a State
banking institution organized and operating under the banking
laws of this State and a member of the Federal Reserve System
Published in accordance with a call made by the State Banking
Authorities and by the Federal Reserve Bank of this District.
ASSETS
1. Cash, balances with other banks, including
reserve balance, and cash items in process , .
of collection __ _7 y. -- ? 5,823,007.4b
2. United States Government obligations, direct „0ionoinK
and guaranteed _r7- 7,312,021.0b
3 Obligations of States and political
subdivisions - ,3Lnn
4. Other bonds, notes, and debentures-—42b,(B0.ub
5. Corporate stocks (including $36,000.00 stock ..
of Federal Reserve bank) —_- 3b,l30.0U
6. Loans and discounts (including $__None_- 01 aQ
overdrafts) _ 7,181/133.89
7 Bank premises owned $50,401.15, furniture and
fixtures $12,640.75 _ b3.im.ao
(Bank premises owned are subject to
S None _ liens not assumed by bank)
8. Real estate owned other than bank
None
premises ____
9. Investments and other assets indirectly repre
senling bank premises or other real estate - None
19- Customers’ liability to this bank on acceptances
outstanding _ “.’"o
11. Other assets- 54’429'89
12- TOTAL ASSETS_ $21,033,877,23
LIABILITIES
’ Demand deposits of individuals, partnerships, ... Q1
and corporations ___ 11,449,104.91
D. Time deposits of individuals, partnerships,
and corporations __----- 4,685,703.42
“ Deposits of United States Government (in
eluding postal savings) -.--- ,
;8- Deposits of States and political subdivisions — l,aa8 64U.zu
Deposits of banks ___,---- 985,448.88
Id, Other deposits (certified officers’ checks, i,.,...
etc) _ __ 315,014.10
total DEPOSITS- _ $19,133,435.70
Dills payable, rediscounts, and other liabilities
for borrowed money----r None
Mortgages or other liens, $-on bank premises
and S on other real estate- - . None
- Acceptances executed by or for account of this
bank and outstanding - 221 829 01
«• Other liabilities_ 221,
24 TOTAL LIABILITIES (not including sub
ordinated obligations shown below) —- -- $19,49U,404.
CAPITAL ACCOUNTS
S. Capual* _ 300.000.00
M Sun ius - -- 900,000.00
,, T’ndivi,’M profits .. — 243,612.52
Reserves (and retirement account for preferred
-•iJitai) _ _ _ . ...._ iuu,uuu.u»
29 TOTAL CAPITAL ACCOUNTS -- $1,543,612.52
* SnLTSBILIT!ES AND CAPITAL-- $21,033,877.23
'This bank’s capital consists of:
First preferred stock with total par value
^ of $ None , total retirable value of $ None.
Second preferred stock with total par value
of $ None , total retirable value of $ None
Capital notes and debentures __ . — $ None_
Cornmon stock with total par value
of _ _ $300,000.00
3l , MEMORANDA
" Assets pledged or assigned to secure liabilities __
and for other purposes __ $4,248,800.00
" Obligations subordinated to claims of depositors
-—°nci other creditors, not included in liabilities _None_
certif'.. . L Bozeman, Cashier, of the above-named bank, here y
®at l!le above statement is true to the best of my know -
and belief W. L. Bozeman
Correct—Attest: Marsden Bellamy
Daniel H. Penton, Jr.
J. J. Thornton
Directors
Vr., State of North Carolina, County of Ngw Hanover ss
"t-AL Sworn to and subscribed before me this loth day o
October, 1947. _ ,
Edith H. Graham
Notary Public
My commission ex
pires July 24, 1949
RAILROAD BONDS
IN MIXED TREND
On Average, Major Is
sues Decline Slightly
On Active Trading
NEW YORK, Oct. 16. — (ff) —
The bond market worked out an
irregular price pattern today in
less active business than in the
past two sessions.
On average, the rails and for
eign issues declined slightly, al
though each group had a liberal
sprinkling of advances. The in
dustrials and utilities advanced
.1 and .2 of a point respectively
and the low-yields held unchang
ed. It was the first time this
week that the latter group fail
ed to touch a new low for the
year. Sales totaled $4,623,000,
compared with $5,590,000 the day
before.
in the more active rails the
trend was first up then down and
finally something of a straddle.
Loans of the Baltimore & Ohio
ended down fractionally, those of
the Missouri Pacific and Katy
gave up fractions to around a
point and New Haven issues lean
ed to the offside. Rock Island 4
l-2s gave up better than a point
but other loans of the road were
steady.
Give And Take
Boston & Maine 4s picked up
1 1-8 points at 80 7-8 while Colo
rado & Southern 4 l-2s backed
away 2 1-8 to 50 Hudson Coal 5s
added a point and Hudson &
Manhattan income 5s lost as
much. So it went throughout the
list.
In the higher priced division
where investment attention has
been glued since quality b .nds
started sliding several weeks ago,
the situation was somewhat im
proved over yesterday. Fraction
ally higher were Celanese 3s,
Commonwealth Edison 3s, New
York Telephone 2 3-4s and Ohio
Edison 3s. Norfolk & Western 4s
made an appearance on the tape
at 130 3-4, up 2 1-8 points since
the last sale.
Slipping back were Pacific Gas
3s, Pennsylvania Power & Light
3s, Pittsburgh Coke 3 l-2s, Union
Pacific 2 7-8s and Virginia Elec
tric 2 3-4s. American Telephone
bonds ended mixed, two down a
shade and two up slightly.
Governments Quiet
World Bank 3s recovered 6-32
of a point of the Wednesday de
cline but the 2 l-4s lost another
9-32 at 99.3. Only one govern
ment bond sold on the Stock Ex
change, the 2 l-2s of 1972-67 trad
ing at 102.16, up 4 32. In out
side markets governments were
unchanged to up 5-32 of a point.
HON'D AVERAGES
Compiled by The Assofiated Press
OCT. 16—
20 10 10 10 10
Rails Indus l til Fgn Low Yu.
Net change D.l A.l A.2 D.2 Unc'n
Thurs 91.9 101.7 103.0 69.8 110.8
Prev dav 92.0 101.6 102.8 70.0 110-8
Week ago 91.7 101.7 103.2 69.5 111.3
Month ago 93.0 102.4 104.3 66.2 113.7
Year ago 92.6 102.9 104.7 74 9 114.4
1947 High 97.1 104.2 105.7 76.6 116.5
1947 Low 89.8 101.6 102.8 67.7 110 8
1946 High 106.9 105-2 109.5 79.0 120.2
1946 Low 92.0 102.7 103.3 74.4 114.3
NEW YORK PRODUCE
NEW YORK PRODUCE
NEW YORK, Oct. 16 —(U.R)—
Produce markets: Potatoes: (dol
lars per 100 lbs. unles other
wise indicated). Steady. Long
Island Chippewas No. 1, 2.65
3.00; No. IB 1.50 asked; cobblers
No. 1, 2.90-3.00; No. IB 1.50-.55;
pickouts 1.00-.25; Green Mt. No.
1 2.60-3.00; No. IB 1.50; Green
Mts. 10 lbs. bags 32; pickouts
1.00-.50; 50 lb. bags 1.45-.50;
Katahdins No. 1, 2.90-3.00; Green
Mts. No. IB 1.50; New York No.
1, Katahdins 2.50; Idaho Rus
sets No. 1, 4.75-5.00; Idaho bak
ers Box 4.65; 10 lb. bags No. 1,
58-60.
Sweet potatoes: (bushels bas
kets) steady. New Jersey, Jersey
type No. 1, 1.25-2.50; New Jersey,
Jersey type med. 1.25; Vt..
Golden No. 1, 2.00-.25; Maryland
Golden Wax No. 1, 1.50-2.50;
medium 1.50-.75,; jumbo 1.25.
Li,re poultry: Unsettled. Tur
keys hens 50; roosters old 20
25; rabbits ail varieties 28-30;
fowls 22-38; chickens 30-38;
broilers 35-42; pigeons and
squabs 65-75.
CHICAGO PRODUCE
CHICAGO, Oct. 16—(U.R)—Pro
duce: Butter: 393,055 lbs; firmer;
93 score 67; 92 score 66 1-2; 90
score 64; 89 score 63. Carlots: 90
score 64 1-2; 89 score 63 1-2.
Eggs: 7,177 cases; firm; extras
1 unquoted; extras 2: 58-61; 3 and
4: 50-54 1-2; standards 1 and 2:
49; 3 and 4: 46-48; current re
ceipts 45-47; dirties 36-37; checks
35-36.
BOND QUOTATIONS
A T and S F 4s 95 .122 Vs
ACL 4%s 64 .105%
Can Pac 4s perp .100%
C and Ei Inc 97 . 38
C G W 4s 88 . 8OV4
Cri and P R 4s 34 . 52 Vi
Fla E C 5s 74 . 52
Hud C 5s 62A . 90
H and M 5s 57 . 56%
Ills-Cent 43As 66 . 80
Int G N 6s 52 ..'.. 23%
Mk and T aj 5s 67 . 563A
N Y C R 5s 2013 .. 783A
Nor and West 4s 96 .1303A
Nor Pac 4%s 2047 . 96
Penn R R g 4%s 65 . 97%
Sou Ry gen 6s 66 .103%
West Md 4s 52 .102%
FOREIGN BONDS
Aust 5s 55 . 99%
Aust 3!4s 56 . 93%
Braz 6%s 26-57 . 63%
WHAT STOCKS DID
NEW YORK, Oct. 16 — UP) —
Thu WTed
Advances . 403 570
Declines . 396 319
Unchanged . 261 217
Total issues . 1060 llOf
CHARLOTTE SPOTS
CHARLOTTE, Oct. 16—(^P)—
Spot cotton 32.15.
This Funny World
“I don’t know him either, Mildred, but it looks like he’s
a good provider”
Stock Market Quotations
Previ- Yester
ous day
Close Close
Alleghany . 3 % 3%
A1 Chem and Dye .191 190
Allis Chal Mfg . 4214 42%
American Can . 87% 87%
American Car Fdy .... 45% 4514
American Roll Mill .. 34% 3414
American Smelt, Ref 66% 65%
A T and T .155% 155%
American Tobacco B 7314 72%
Anaconda . 35% 35%
Arm 111 . 15 15
Atlantic Coast Line .. 52 51%
Atlantic Refinery . 34% 34%
Aviation Corporation 5% 5%
Baldwin . 1814 1814
Baltimore and Ohio .. 13% 13%
Barnsdall . 31% 32
Bendix Aviat .34% 34%
Beth Steel . 91 91
Boeing Airp . 23% 22%
Borden . 44% 45
Budd Mfg . 12% 12%
Burl Mills . 21 20%
Bur Add Mach . 15 15
Cannon Mills . 74% 74
Case J I . 43% 44%
Caterpil Trac . 56 57
Ches and Ohio . 45% 45
Chrysler . . 64%
Coca Cola .-181 -
Coml Cred .. 45% 45%
Coml Solv .. 23% 24%
Comwlth and South .. 3% 3%
Consol Edis . 2514 25%
Cons Vultee . 14% 14
Cont Can . 3714 36%
Corn Prod . 67% 67%
Curt Wright . 6 6
Curt Wright A . 18% 1814
Dow Chem . 40% 40%
Doug Aire . 6314 -
Du Pont .190 191%
Eastman Kod . 45% 45%
Firestone . 52 5214
Gen El . 37% 37%
Gen Foods . 38% 3814
Gen Mot . 59% 59%
Goodrich . 59 59
Goodyear . 47% 48
Gt Nor Ry Pf . 40 40%
Int Harvest . 91% 91%
Int Tel and Tel . 13 12%
Johns Manv . 45% 4614
Kennecott . 46% 46%
Ligg and M B . . .
Loews . 20 % 20%
Lockheed . 16 15 Vi
Lorillard . 17% 18%
Mont Ward . 59 59%
Nash Kelv . 17% 17%
Nat Bis . 31% 31%
Nat Cash Reg . 40% 40%
Nat Dist . 22% 22%
N Y Cent . 15% 15%
No Am Av . 10% 10
No Pac . 21% 21
Packard . 5% 5%
Param Pic . 23% 23%
Penney J C . 43% 43 %
Penn R R . 18 18%
Pepsi Cola . 29% 29 Vs
Phillips Pet .-. 62 62%
Pitt S and B . 9 9%
Pullman . 54 54%
Pure Oil. 26% 26%
Radio . 9 8%
Radio K O . 12% 12%
Rem Rand . 16% 16%
Repub Stl . 28% 28%
Reynolds B . 40% 41
Sears . 37% 37
Soc Vac . 16% 16
Sou Pac . 45 Vs 45
Sou Ry . 38% 38%
Std Br . 28% 28%
Std Oil N J . 75% 75%
Stewart War . 16% 16%
Swift . 36% 34%
Tex Co . 58 % 58%
Un Carb .106% 106%
Unit Airl . 22% 22
Unit Aire . 23% 24%
Unit Corp . 3 3
Unit Drug . ..
Unit Fruit . 55% 56%
Unit Gas Imp . 23% 23%
U S Indus Chem . 44% 447/s
U S Rubber . 49 49
U S Smelt and Ref .. 49 4814
U S Steel . 75% 75
Vanadium . 18% -
Va Caro Chem . 914 9%
Warner Pic . 14% 14%
West Un A . . .
West El . 29% 29%
Woolworth . 48 48%
CURB
Can Marconi . 1% 1%
Cities Service . 38% 39%
Colon Dvmt . 3% -
El Bond and Share .... 13% 13%
GRAIN
CHICAGO GRAIN
CHICAGO, Oct. 16— m—De
cember wheat touched $3.05 a bu
shel, equalling the high for 1947,
on the Chicago Board of Trade
today, but could not hold onto
extreme gains.
Wheat closed 414 lower to 3 %
higher, December $3.02%-%. The
loss was shown by the July con
tract. Corn ended %-l% lower,
December $2.33%-%, and oats
were 1 to 1% lower, December
$1.2iy8-$1.21.
Open High Low Close
Dec. 3.00% 3.05 3.00 3.02%
May 2.86% 2.91 2.85 2.87%
July 2.57 2.59% 2.5’% 2.55
CORN
Dec 2.321/4 2.35% 2.31% 2.33%
May 2.26 2.29% 2.26 2.28
July 2.16% 2.19% 2.15y4 2.17%
OATS
Dec 1.221/4 1.231/4 1.20% 1.21%
May 1.12% 1.13Y4 1.10% 1.11%
July 97% 98% 95% 96%
SOYBEANS
Nov 3.23 3.24 3.20 3.23%
Mar 3.19 3.24 3.19 3.23%
LARD
Oct. - - — 24.00
Nov 24.15 24.45 23.90 24.00
Dec 25.55 26.20 25.40 25.55
Jan 25.85 26.20 25.50 25.65
Mar 25.90 26.40 25.60 25.65
May 26.10 26.55 25.55 25.75
CASH GRAIN
CHICAGO, Oct. 16— MP) —
Wheat: No. 2 mixed $3.09 1-2.
Corn: No. 2 yellow 2.52 1-2 to
2.54; No. 3, 2.51 1-2 to 2.54; No. 5,
2.43 1-2 to 2.45; sample grade
2.25 1-2 to 2.34. Oats: No. 1 heavy
white 1.28 1-2.
Field seed per hundredweight:
timothy $4.65-4.90; red top 14-50
15.50. Barley: malting 1.85-2.40;
feed 1.70-1.85. Rye: No. 1 plump
2.95. Soybeans: No. 1 yellow $3.22
to 3.24.
MARKETS AT A GLANCE
• NEW YORK, Oct. 16—W—
Stocks — Steady; selected is
sues continue advance.
Bonds — Irregular; slim
demand dries up.
Cotton — Steady; some of
early gains lost.
CHICAGO
Wheat — Mixed; old crop
strong, 1948 crop weak.
Corn—Eased toward close.
Oats — Weakened with
corn.
Hogs — Mostly slow and 25
to 50 cents lower; top $29.75
Cattle — Mostly slow and
steady to 25 cents less; top
$35.50.
Legumes, such as beans and
peas, restor-? nitrogen to the
soil.
COTTON
NEW YORK COTTON
NEW YORK, Oct. 16 — VP) —
Cotton futures weakened in late
dealings today under the pres
sure of profit taking and hedg
ing. Final prices were at or near
the lows for the day to show a
range of 40 cents a bale higher
to 25 cents lower.
An early rush of buying was
stimulated by trade reports that
C. C. C. had purchased 100,000
to 115,000 bales of cotton for Ja
pan. This would be considerably
larger than its jnquiry last week
for 65,000 bales.
After gaining $1,35 a bale,
pressure of Southern and com
mission house selling developed
and increased toward the close.
It was estimated that covering
in futures against the sales of
cotton to the government
amounted to about 15,000 bales
for the day. Increased hedging
reflected the rise in spot cotton
sales to a new peak for the sea
son.
Open High Low Last
Oct. 31.70 31.75 31.57 31.57 off 3
Dec. 32.00 32.04 31-83 31.86 up 8
Mch. 32.24 32.27 32.06 32.09 up 7
May 32.33 32.35 32.10 32.12 up 2
July 31.81 31.83 31.51 31.52 off 5
Oct. 29.57 29.70 29.50 29.50 up 5
Middling spot 32.18n, up 3.
n—Nominal.
NEW ORLEANS COTTON
NEW ORLEANS, Oct. 16—W—
After advancing in the early
trading here today, cotton futures
declined under hedge selling and
profit taking.
Open High Low Close
Oct. 31.60 31.65 31.51 31.50b up 5
Dec 32.01 32.03 31.84 31.88 up 2
Mch 32.26 32.26 32.05 32.09 up 2
May 32 35 32.35 32.09 32.11 off 4
Jly 31.7131.7131.5131.52 off 7
CHICAGO COTTON
CHICAGO, Oct. 16. —OT—(US
DA)—'Butter firmer; price 1-2 to
one cent higher; AA 93 score 67.
25-67.5; A 92 67; B 90 64.5-65;
C 89 63.5-64. Eggs firm and un
changed.
NEW ORLEANS SPOTS
NEW ORLEANS, Oct. 16—W
—Spot cotton closed steady, 25
cents a bale higher here today.
Sales 8,433. Low middling 26.35,
middling 31.35, good middling
31.85, receipts 7,749, stock 135,
562. _
NEW ORLEANS MIDDLING
NEW ORLEANS, Oct. 16—(/P)—
The average price of middling
15-16ths inch cotton at ten South
ern spot markets today was 30
cents a bale higher at 31.58 cents
a pound; average for the past 30
market days 31.20. Middling 7-8
inch average 29.75 centi a pound.
LIVESTOCK
CHICAGO LIVESTOCK
CHICAGO, Oct. 16—UP)—(US
DA)—Salable hogs 6,500, total
11,500; early market moderately
active and around 25 cents low
er on butchers; trade later very
slow and mostly 50 cents lower;
top 29.75 paid early; bulk good
and choice 190-325 lb. 29.00
29.50; late sales 29.00-29.25;
load 475 lb. butchers 28.25; few
160-180 lb. 28.00-29.00; early
sales sows steady but most sales
this class 25 cents lower; bulk
good and choice sows under 400
lbs. 28.25-29.00; heavier weights
down to 27.00 for over 500 lb.
averages; prospects poor clear
ance.
Salable cattle 4.500, total -5,000;
salable calves 800, total 800;
slaughter steers and heifers
rather slow, steady; beef cows
steady to weak; canners and
cutters moderately active, strong;
bulls weak to 25 cents lower
vealers firm; scattered loads
choice 1,000-1,200 lb. fed steers
32.50- 35.50; top 35.50 for load
1,130 lb. weights; medium grade
grassy steers 20.00-24.00; three
loads choice fed heifers 30.00
30.75; several loads medium to
good grassy and shortfed heifers
20.00- 26.50; good beef cows
18.00- 20.00; canners and cutters
10.50- 13.25; top 19.00 on good
weighty sausage and beef bulls;
vealers 27.00 down; run included
1,000 head Colorado feeder year
lings direct to dealer.
RICHMOND LIVESTOCK
RICHMOND, Va, Oct. 16—VP)
—(USDA) — Livestock: Hogs —
Thursday’s market 25 cents low
er on all weights; top $27.00 for
good and choice 180-240 lb bar
rows and gilts; 90-100 lbs $19 00;
100-120 lbs $20.00; 120-140 lbs
$24.00; 140-160 lbs $25.00; 160
180 lbs $26.00; 240-300 lbs $25.00;
300 lbs and up $24.00; good sows
under 350 lbs $20.50; 350-500 lbs
$18.00; over 500 lbs $17.00; good
stags under 350 lbs $18.00; over
350 lbs $16.00.
Cattle—Supplies fairly liberal;
market about steady on cows.
Canners and cutters $9.00-11.50;
common and medium $12.00
13.00; fat dairy type around
$14.00; good beef cows quotable
$16.00-16.50; good heavy sausage
bulls $14.00-16.00, good beef type
to $17.50; good and choice vealers
fully steady, but undergrades
bull; top $26.00 for choice; me
dium to good $21.00-25.00, com
mon lightweights down to $12.00;
heavy calves very slow, good and
choice 250 lbs and over $18.00
20.00; medium to good $16.00
18.00.
N.C.-VA. HOG MARKETS
RALEIGH, Oct. 16—(#)— (NC
DA)—Hog markets steady to
slightly weaker with tops of 27.00
at Rocky Mount, Greenville,
S m i t h f i e Id-Mount Olive and
Richmond; 27.25 at Clinton-War
saw-Lumberton-Chadbourn; and
27.50 at Fayetteville.
RALEIGH POULTRY
RALEIGH, Oct. 16—■(£*)—(NC
DA)—Raleigh poultry and eggs
steady; U. S. Grade AA large 65;
fryers and broilers 30.
STOCKS IN THE SPOTLIGHT
NEW YORK, Oct. 16——
Sales, closing price and net
change of the fifteen most active
stocks today:
Comwlth and Sou 40,800; 3^2,
UP %•
Greyhound 35,900: 10%, up %•
Packard 23,800; 5%, up Vi.
Mission Corp 17,300; 53%, up
%.
Sunray Oil 16.500; 11%,—%.
Am Wat Wks 14,600; 16%, up
%.
Tide Wat As 14,300; 23%, up
%.
Gen Pub Util 14,200; 14,—%.
U. S. Steel 13,200; 75, up %.
Socony-Vac 13,000; 16,—Vs.
Colum Gas and El 12,600; 12%,
up Vs.
Texas Co. 12,600; 58%, up %.
Bendix Home Ap 11,100; 23, up
2.
Param Piet 10,300; 23%, up %.
Mullins Mfg 9,900; 25%, up %.
STOCK AVERAGES
Compiled by The Associated
Press Oct. 16: _
30 15 15 60
Indus Rls Util Stx
Net change A.2 D.l D.2Unch
Thurs. 94.5 34.8 43.0 66.7
Prev day 94.3 34.9 43.2 66.7
Week ago 92.2 34.1 42.9 65.4
Month ago 91.4 34.0 42.8 64.9
Year ago 86.9 33.7 44.3 63.1
1947 High 96.9 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
TREND OF STAPLE PRICES
NEW YORK, Oct. 16—The As
sociated Press weighted whole
sale price index of 35 commodi
ties today advanced to 196.24.
Previous day 195.66, week ago
194-18, month ago 194.22, year
ago 156.33.
1947 1946 1945 1944
High 195.66 169.72 112.81 108.73
Low 164.05 112.02 107.90 106.03
(1926 average equals 100)
JTiv-ynftfTi
NOW SNOWING!
Mum
News • PETE SMITH
Light Selling Hits Mart
Leaders, On Fast Session
Liquidation Sets In Near!
Close To Curtail Early
Gains
NEW YORK, Oct. 16 — W>i—
Light selling on the 5 - session
upswing stalled many leaders in
today’s stock market although
selected issues continued in the
recovery brackets.
Slightly mixed trends prevail
ed until after midday when
prices for steels, oils and a wide
assortment of industrials hard
ened. Activity, while under that
of the preceding day, was aided
by sizable blocks of low-quoted
issues. Liquidation cropped up
in the final hour and gains run
ning to 2 or more points were
reduced in most cases or con
verted into minus signs at the
close. It was the fourth straight
million-share full day for the
first time since late July, al
though the aggregate was well
under that of Wednesday. Vol
ume of 1,400,000 shares com
pared with 1,930,000 the day be
fore which was a top since
April 14.
Buying by professionals and
trading customers still was
based on optimism over busi
ness and belief the market h id
yet to discount demand for a
long line of consumer goods.
Oils were aided by another
boost in crude rates. Dividends
and earnings propped various
climbers. Rails generally were
unresponsive to another 17-year
high for last week’s freight
loadings. The thought that spec
ulation in commodities might
shift to stocks served to buoy
sentiment. Numerous skeptics
regarding both foreign and do
mestic economics trimmed ac
counts.
composite Unchanged
The Associated Press 60-Stock
Composite was unchanged at
66.7 with the industrial index up
for the sixth consecutive day.
It was a broad market, 1,060
issues registering against yes
terday’s 1,106, which was the
second largest on record. Of the
total, 403 rose and 396 fell.
Better performers, a number
at peaks for 1947, included
Pacific Western Oil, up 3 1-2
at 56 1-2; Mission Corp. 2 1-2
at 53 1-2, Deep Rock Oil 2 1-8
at 36 1-4, Bendix Home Appli
ances 2 at 23, Worthington
Pump 1 3-4 at 65, Warren Pe
troleum 1 5-8 at 44 1-4, Thomas
Steel 1 3-8 at 23 7-8, J. I. Case
at 191 5-8. American Water
Works was a belated sprinter, up
1 5-8 at 16 7-8 following word the
company had donated to West
Penn Electric all the later’s
stock which it previously had
held.
Modest gains were shown for
U. S. Steel, Goodyear, Mont
[ DRIVE-IN-THEATRE j
Midway between Wllmlnftea |
and Carolina Beach fi
Johnny Weissmuller
Johnny Sheifeild
—In—
“TARZAN AND
THE AMAZONS’*
Plus color cartoons
First show at 7:30
TODAY - SATURDAY
ON THE
STAGE
IN PERSON
Stagr Shows at: 2:05-1:10-7:05-9:15
STARS OF STAGE AND RADIO IN A
SHOW FOR THE WHOLE FAMILY!
%
ft
M
^m/l
Crutchfieid
*-=
'Twilight
»..»* Traflrrsf
ON THE SCREEN
ACTION!
SONGS!
EDDIE DEAN
—IN—
"RANGE BEYOND
THE BLUE"
PRICES THIS ATTRACTION!
MAT. 80c NIGHT 86c
COL. BAL.14«
INCL. TAX
gomery Ward, Woolworth, Unit
ed Aircraf-t, Johns-Manville,
Philip Morris, Eastern Air
Lines and Commonwealth &
Southern.
On the downside were Gen
eral Motors, Chrysler, Seats
Roebuck, International
vester (notwithstanding a
special dividend), Boeing,
Sperry, American Telephone,
Electric Power & Light, Santa
Fe, Northern Pacific, Allied
Chemical, U. S. Gypsum. Skelly
Oil and Standard Oil (NJ).
Bonds Uneven
Bonds were uneven. Grains at
Chicago bulged and reacted.
Wheat ended off 4 1-4 to up 3
1-2 cents a bushel, corn down
34 to 1 1-2 and oats off 1 to
1 1-2. Cotton was up 40 cents
to 25 cents a bale lower.
In the forward ranks of the
Curb were Cities Service, Hey
den Chemical, Louisville Land.
McCord Corp., Aluminum of
America, Standard Cap and A.
Stein, the last named on a
pleasing year-end disburse
ment. Stumblers were Apex
Electric Kaiser-Frazer and
West Virginia Coal. Turnover
here was 340,000 shares versus
460,000 yesterday.
* -_
ALAN LADD
DOROTHY LAMOUR
ROBFRT PRESTON
LLOYD NOLAN
—In—
"WILD
HARVEST'
Pete Smith’s Football
Thrills Tom & Jerry
Cartoon
. SHOWS: 1:05-2:55-4:55
6:55-7:55
THE GREATEST
OF THE GREAT!
"GONE WITH
THE WIND"
—With—
CLARK GABLE
VIVIEN LEIGH
SHOWS START: 11:00
2:55-7:05
25c PLUS TAX
LEO GORCEY
and the
EAST SIDE KIDS
"NEWS HOUNDS"
CHAPTER NO. 7
“JACK ^
Look Forward,
All!... To All The
Fun In The World
For All Wilmington
To Enjoy!
YOU HAVEN’T LIVEi)
UNTIL YOU’VE SEEN . . .
ELIZABETH TAYLOR
EDMUND GWENN • ZASU PITTS
nr MICHAEL CURTIZ
From the Original Play br
HOWARD LINDSAY & RUSSEL CROUSE
•
MINIMUM ADMISSION
PRICES AS REQUIRED BY
THE PRODUCERS OF THIS
PICTURE.
MATINEE . 90c
NIGHT . $1.25
CHILDREN. 50c
Federal Tax Included
•
5 Days Starting
October 26th!
CAROLINA
Theatre Wilmington
t
I

The Wilmington morning star. [volume], October 17, 1947, Page 19, Image 19
About The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990

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The Wilmington morning star. [volume], October 17, 1947, Page 19, Image 19 About The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990

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The Wilmington morning star. [volume], October 17, 1947, Page 19, Image 19
About The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990