Newspapers / Wilmington Morning Star (Wilmington, … / March 5, 1940, edition 1 / Page 9
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SELECTIVE rallying twinges felt in stock mart |0D MARKS CUT in latetrading . vews Cheerful In Spots ^But Fails To Influence Many Shares . FREDERICK GARDNER YORK, March 4- <® “ rallying twinges, especial I<Lb and aircrafts, were felt t3' crock market but numer ic showed few signs of life. :S5.. , , yt ragged at the start, around midday when W*??, turned up fractions to C point for favorites. Best (S*1® * reduced a trifle at the *f?.nd losers were plentiful. ^ Associated Press average of IWi8 was unchanged at 49.4. »** of 457,670 shares com Irsn; lh 601.150 last Friday. I»red ‘ news was cheerful in 9 but neither good nor bad lP°E mb ed to influence the major lie®sflares to any great extent. L°ers continued to step light y S awaiting more assurances Eu " war purchases would broaden Tdomestic business shake off its “ nt pronounced lethargy. "£1 of foreign selling of Amer ...securities remained as a cloud ,he market horizon, but some ® stressed the fact overseas brings to date have been substan “ vleES than in the 1914-17 period. iL was the first day in which h, British government began to te over stocks of 60 United States “orations held by her nationals, avin: for them with pounds ster [dj,, 0f 1.3 points in this week’s Btiaiated steel mill operations was J Jjne with expectations and was virtually ignored by stocks in this division. Motors shifted over a slim groove ^ough it was forecast output of uascenger curs and commercial :,i:des ill the current quarter would I, second only to the like period I iJiJ. aboard Air Line v as the most 1,lock of the session, turning ,::i several 10.000-share blocks, jijeup 12 1-2 cents at 37 1-2 cents ashare, but ended unchanged at 25 CfRlS .tmons stocks on the upside were l(. Steel. Bethlehem. Douglas Air trait. Gler.n Martin, American Tele phone. Santa Fe, Bulova Watch, Square "D,” Austin Nichols, Ana conda. Kennecott, Phelps Dodge and Standard Oil of NT. J. Aircrafts were aided by estimates of record backlogs for this industry Coppers drew a following on word of additional sizable buying of the red metal by the French. Higher in the curb were Alumin* ui of America. American Gas, hole Petroleum, Royal Typewriter 2(1 Tampa Electric. Transfers here approximated 126.000 shares against 1S5.000 Friday. ; STOCK AVERAGES 30 15 15 60 Indus Rails Util Stks Xet change . unch unch unch unch Monday . 70.S 18.5 38.5 411.4 Prev. day — 70.8 18.5 38.5 43.1 Month ago .. 69.9 IS.6 39.1 49.2 Par ago ... 73.S 22.5 39.0 52.1 IWi high ... 74.2 20.5 40.G 52.2 low .... 69.9 IS.5 38.5 43.2 1S5! high — 77.0 23.8 40.6 53.9 US! low .... 58.8 13.7 33.7 41.6 I 60-Stock Range Since 1927 1037-38 1932-36 1927-29 H'Sh . 75.3 72.8 157.7 . 33.7 16.9 61.8 What Stocks Did ,. Mon. Sat. Advances . 276 160 bee-lines___ 166 212 Unchanged ......._ 204 202 Total Issues . 648 574 foreign exchange XE"' YORK, March 4.—(JPl—The Wish pound sold at $3.91 3-8 in Krms of the dollar in the foreign Hchang-e market today, a drop of • JS cents and equal to the year’s ™est price. Canadian dollar, which often W'es in sympathy with the Eng ,'n money, declined nearly 1-3 snt- The French franc dipped .00 ! of a cent. Pressure on sterling coincided ™JUI!’ors f™m overseas money „ri 8 lat London plans still more aontrol of foreign money i’.ttsJ' Object of the latest plan, aunrh- Said’ "as curta|lment of the U.,: of “free’ Sterling in the “Men market. and belga each a<b franr- f a rPnt- The Swiss “c "a» unchanged. .tan? rates follow (Great Brit. Great p ° ars' othprs in cents): cables 3«?ta'n’ ,Jemand 3.90 3-8, »Hav 'b‘n s 3t'8fi’-6?‘Gay bil,s 339 Denmark v?-°'8; Ce,3ium i«-91: Franc,,,. ’'in limd 1.07n; 'benevolen,"1 ,!'8i Ge™any 40.20, Hungary }h.9°), Greece ,73n; eland,".,ltalY 5-03; Neth 3!?n r X°rWay 2273 = Po1" 48; sJnl Puman,a -«3n; Sweden 4in; Areent-an<l 22'43; Yugoslavia 4(3; J“Cn.,,,a' official 29.77, free lli. J,»'ong 24.38; Shanghai 'Fates i,, %Trjse >ns- pot cables unless * m<3lca^- n—Nominal.) "larked drmT r ’ March 4—The ianuary ln bURiness activity in biimate of St,rpf*Pcted today in an “"ferenrr , P National Industrial "IPnt in the mrd. ’hat unemploy ftr »nt from nnnth roRe nearly n ■r--ivate eu ,"!mb"r" Tbe hoar(1 °taI uncmnitu Stlfal orKani«Ltion. >tedatPl9n jn Ja"«a«T was '""M wi»h . anl’®00 Persons, com "* iWl^OO n ’ 00 in Member y January, 1939 L^icag?"^0 yS ••»;. hi,Va2.1T<®-I*ra bellies 5.12. t \ — ■ --- ' * Closing Stock Quotations (By The Associated Press) Adams Mills_mm____ 21 1.2 Air Reduct___ 48 7-8 Alaska Jun_ 6 1-4 A1 Chem & Dye__ 175 Alleghany ____ 7.3 Allis Chal Mfg_36 3-4 Am Car Fdy_ 26 Am Can _.r-114 3.4 Am For Pow_ 1 1.2 Am Pow & Lt_ 3 i-2 Am Rad & St S_ 9 1-8 Am Roll Mill_14 7-g Am Smelt & Ref_ 48 7-8 Am Sug Ref _21 3-8 AT&T-- 172 5-8 Am Tob B_...____ 88 1-2 Anaconda _......_ 29 3-8 Arm 111_ 5 3.4 A T & S Fe _ 23 ACL . 18 1-8 Ati Ref---..._22 1-2 Aviat Corp _ 6 3-8 Baldwin _...._15 1.4 B and O _ 5 1-8 Barnsdall _ 11 Bendix Aviat_ 32 1-2 Beth Stl _76 1-8 Boeing Airpl _23. 5-8 Borden _.... _ 23 3-8 Borg Warner___22 1-4 Briggs Mfg - 20 3-8 Budd Mfg _ 5 1-8 Budd Wheel _ 6 Burl Mills _.. _18 Bur Add Mach_12 1-8 Calumet and Hec __ 7 3-8 Can Dry -21 1-8 Can Pac___ 5 5-8 Cannon Mills _ 37 3-4 Case J I -68 Caterpil Trac _50 Champ P & F _23 1-4 Ches & O _39 C M fit P G p Pf _ 3.I6 y aici _______e>6 0-3 Coca Cola _121 Colum G and E __ 5 3-4 Coml Credit_46 Coml Solv _13 3-8 Comwlth and S'ou_.. 1 1-8 Consol Edison _ 30 7-8 Con Oil _ 7 1-4 Cont Can _.___ 45 3-4 Corn Prod _......._ 62 3-4 Curtiss Wright___10 1-4 Curtiss Wright A .......... 29 1-8 Doug Aire ....._____ 82 3-4 Dow Chem _ 156 DuPont _ 184 3-4 Eastman Kodak_-_149 1-2 Elec Auto Lt_____38 Elec Pow A Lt _ 5 1-8 Firestone _....__ 20 1-4 Freeport Sul_ 34 1-2 Gen Elec _38 1-4 Gei. Foods __ 47 7-8 Gen Mot ..- 52 3-4 Gillette . 6 1-2 Glidden _17 5-8 Goodrich _.....-..... 19 1-8 Goodyear _ 23 Graham Paige .....- 1 Gt Nor Ry Pf_23 1-4 Hud Mot _ 5 3-4 Hupp Mot __ 3-4 111 Cent _11 Int Harvest _ 53 3-4 Int Nick Can _36 1-8 Int Tel and Tel_ 3 7-8 Johns Man ---— 70 Kennecott __....._... 37 1-8 Kroger Groc _-— 29 1-2 Libby O F G1_49 1-2 Ligg and Myers B -108 Loews -_____....... 34 3-4 Loft - 29 3-4 Lorilard _ 24 3-4 Louis and Nash__gg Mack Truck --._25 1-4 McCrory Stores _15 Mo K T ___ 3.4 Mont Ward _53 7.8 Murray Corp _ 7 3.4 Nash Kelv _ g H2 Nat Bisc _ 24 Nat Cash Reg _14 7.8 Nat Dairy Prod . 16 5-8 Nat Dist _24 1-2 Nat Lead___._21 3-4 Nat Pok & Lt_ 7 3-8 N Y Central_._16 1-8 No Am Aviat- 24 5-8 North Am_20 1-2 Nor Pac_._ 8 Ohio Oil _....._ 6 1-2 Otis Elev _ 15 7.8 Pac G A E - 33 3-8 Packard ___..... 3 1-4 Param Pix_ 7 1-8 Param Pf-89 Penney J C _89 Penn Railroad_ 22 3-8 Phillips Pet _ 36 1-2 Pitt Scr and B _ 6 7-8 Public Service N J___ 40 3-4 Pullman _ 26 3-8 Pure Oil _ 8 3-8 Radio _ 5 5-8 Rad K O _ 1 1-4 Remington Rand _10 Rep Stl _ 20 S-4 Reynolds B ___..... 41 1-8 Seab A L _ 1-4 Stars ___.... 83 1-8 Shell Un -10 7-8 Socony Cac _ . ...... 11 1-8 Sou Pac _12 5-8 Sou Ry . 16 1-2 Sperry - 44 1-4 ota jorauus _ & y-s Std Oil Cal--24 Std Oil Xnd _26 Std Oil N J -. 43 5-8, Studebaker _....._11 5-8 Swift __23 Tex Corp -44 1-2 Tex Gulf Prod__ 3 3-4 Tex Gulf Sul _3 3-4 Timken Det Ax _23 1-8 Transamer _ 5 1-2 Trans & West Air_15 1-2 Union Cardibe_84 United Aircraft _47 1-2 United Corp ___ 2 1-8 United Drug_ 5 1-4 United Fruit _77 1-2 United Gas _12 1-2 U S Ind Alco ___21 3-8 U S Pipe ___36 1-2 U S Rubber___35 1-2 U S Smelt and Ref __61 1-4 U S Steel _ 58 3-S Vanadium ___... 33 V» Caro Chem _ 3 1-4 Warner Pic _...._... 3 3-4 Western Union _...-- 23 3-4 West Elec and Mfg___113 Wilson _ 5 3-4 Woolworth _ 40 Yell T and C_17 1-4 Youngs S and T___ 41 Total sales 457,670. CURB Asso G & El A_ 3-16 Can Marconi_ 1 1-8 Cities Service_ 4 1-8 Colon Dvmt_ 1 7-8 El Bond & Share_- 6 Gulf Oil . 34 1-2 NEW YORK SUGAR I NEW YORK. March 4— </P> — Sugar futures prices remained v'r tuaily stationary today on one of the smallest sales tallies for the year. In the world list 2,600 tons changed hands and in the domestic 1,000 tons. Trading interest was blanketed from start to finish by a complete dearth of news affecting the mar' ket. Closing prices in the domestic contract were unchanged. World prices were 1-2 lower to 1-2 higher: May 1.58 bid, Sep. 1-56 1-2. Only sale of raw sugar reported was transfer of 5,000 tons of Puerto Ricans clearing March 13 at 2.85 cents a pound. Philippine offerings ranged from 2.88 to 2.92 cents. Eastern firms continued to quote refined at 4.50 cents a pound. Beet sugar was reported available here at 4.30 and there were indications of some export refined inquiry from South America and Europe. No'. 3 range follows: High Low Close May_ 1.93 1.92 1.92 July _ 1.99 1-99 1.99 Sep. ..- 2.04 2.04 b2.03 Jan. _-_ 2.01 2.01 2-01 NEW YORK POTATOES NEW YORK, March 4.—(fPi—Po tatoes dull. Upstate, No. 1, sack (100 lbs.), katahdin, good 2.15, fair 1.75 to 85. No. 1, sacks (100 lbs.), Long Island, Green mountain 2.00 to 2.25, fair 1.75 to 90, poorer 1.50 to 65. Maine, Green mountain 1.95 to 2.00, 2-inch 2.00 to 2.10; Chippe wa and katahdin, 2-inch 2.00 to 2.10. New crop; bushel box or crate, Florida red bliss 1.75 to #0, poorer 1.25 to 50. Sacks (50 lbs.), Cuba, red bliss 1.90 to 2.00. BALTIMORE HOGS BALTIMORE, March 4.—(JP>— (U. S. Dept. Agr.)—Hogs 2,300. Weights from 150 lbs. and packing sows 10 higher; light weights and pigs 10 lower to 10 higher. Good and choice 170 to 210 lbs. 5.95 to 6.20; practi cal top 6.20; 220 to 240 lbs. 5.65 to 90; 250 to 300 lbs. 5.20 to 65; 150 to 160 lbs. 5.60 to 85; 140 to ISO lbs. 5.40 to 65; 130 to 140 lbs. 5.15 to 40; 120 to 130 lbs. 5.00 to 25. Packing sows 4.20 to 70. NAVAL STORES SAVANNAH, March 4.—UP)—Tur pentine firm 32 1-2; offerings 8, all sold; receipts none; shipments 293; stock 15,446. Rosin firm; offerings none; sales sone; receipts 66; ship* ments none; stock 184,130. Quote; B, D 4.80; E 5.15; F 5.45; G 5.50; H 5.55; I 5.57; 1-2; K 5.60; M 5.62 1-2; N 5.65: WG 5.72 1-2; Wf, X 6.20. -X. RICHMOND LIVESTOCK RICHMOND, Va., March 4.—UP) —(U. S. D. A.)—Livestock: Hogs— Market 10 cents higher than Fri day. Good and choice 180 to 220 lbs., 5.40 to 5.60 the top. 100 to 120 lbs. 3.60 to 4.10; 120 to 140 lbs 4.10 to 4.80; 140 to 160 lbs, 4.80 to 5.10; 160 to 180 lbs. 5.20 to 5.40; 225 to 250 lbs. 4.90 to 5.40; 250 to 300 lbs. 4.70 to 5.20; over 300 lbs. 4.40 to 4.90; sows under 350 lbs. 3.85 to 4.35; over 350 lbs. 3.53 to 3.85. Cattle—Steady. Steers—8.25 to 8.50; mediums 6.50 to 7.50; common 5.00 to 6.00. Heifers—5.50 to 6.50! good beef breed 7.50 to 8.00. Cows—5.50 to 6.00;mediums 4.50 to 5.00; common and canners 3.25 to 4.25. Bulls—6.00 to 6.50; lights 5.00 to 6.00. Vealers—strictly good and choice quotable to 10.00 extreme top. CASH GRAIN CHICAGO, March 4.—UP)—Cash wheat No. 1 .hard 1.04 1-2. Corn No. 1, mixed 65 1-2 J No. 2, 68 1-2 to 64; No. 1 yellow 59; No. 2, 57 3-4 to 59 1-4; No. 2, white 66 1-4. Oats No. 1 mixed feed 39: mixed grain 38; No. 2 white 43 3-4 to 44; No. 3, 42 to 43; sample grade 39 to 40. Soy beans No. 4 yellow 1.12. Barley malting 55 to 64 nom; feed 40 to 50 nom; No. 4, 58 to 58; sample grade 46 (blighted); No. 1 malting 64; No. 3 malting 57. Field seed per 100 lbs. Timothy seed 4.90 to 5.25 nom. Sweet clover 4.50 to 5.25 nom. Red clover 12.50 to 15.00 nom. Red top 8.50 to 9.00 nom. Alsiko 15.00 to 18.00 nom. Alfalfa 18.00 to 23.00 nom. N. Y. COTTONSEED OIL NEW YORK, March 4.—(AV-A mere flicker of buying was enough to lift cottonseed oil futures 2 to 4 points today. Demand was encouraged mainly by firm lard prices, the advance in hogs and a better undertone in the crude oil market. Sales totaled 44 contracts; May 7.07b; July 7.16b; Sept. 7.23b. (b— Bid.) ' Slightly better demand was report ed for crude with a bid price of 6 cents in the southeast and valley and 6 3-4 to 7-8 in Texas. MIDDLING COTTON NEW ORLEANS, March 4.—CD— The average price of middling 15 16-inch cotton at 10 designated southern spot markets today was 7 higher at 10.76 cents a pound. Average for the last 30 market days was 10.76. j V CORPORATE BONDS SLUMP IN MARKET Prices Of American And For eign Government Loans Advance Slightly NEW YORK, March 4.—UP)—Cor porate bond prices receded slightly today as traders, held their dealings to the lowest point of any five-hour session since the eve of the out break of the war in Poland. Transactions totaled only 54,286, 550, face value—the least since last August 31—compared with $5,011,300 Friday. Analysts said the decline in quo tations was attributable almost en tirely to the lack of interest. At the same time, prices of U. 3. and foreign government loans advanced a trifle, indicating, some observers said, a solid market un derstructure. A few of the lightly traded U. S. treasuries rose as much as 9-32 point. Among the foreign bonds, the best gainers were German 5 l-2s of ’65, Norway 4s, 4 1-2 and 6s, Uruguay 8s, Colombia 6s of ’61, Japan 6 l-2s and Belgium 6s. On the downward side among the corporates were American & For eign Power 5s, Anaconda 4 l-2s, Consolidated Edison 3 l-2s, Inter national Hydro Electric 6s, Inter national Telephone 5s, and Texas Corp. 3 l-2s. Among the risers were Youngs town Sheet & Tube 4s, Standard Oil of N. J. 2 3-4s, Studebaker 6s, Na tional Dairy 3 3-4s, Detroit Edison 4 l-2s, and American Telephone 3 1-1 s. BOND AVERAGES 20 10 10 10 Ralls Indus Util For Net change - unch d.l d.l a.3 Monday _ 56.8 102.1 96.3 50.7 Prey, day ... 56.8 102.2 96.4 60.5 Month ago — 57.8 102.1 96.3 50.8 Year ago ... 62.8 100.2 95.5 62.7 1940 high — 59.9 102.6 96.8 51.6 1940 low _ 56.7 101.9 96.1 49.9 1939 high ... 64.9 102.0 27.5 60 0 1939 low _ 53.4 95.8 90.4 41.7 10 Low Yield Bonds Monday _111.7 Prev. day _111.7 Month ago ________112 3 Year ago___;___111.4 1940 high . 112.6 1940 low _111.5 1939 high _112.6 1939 low _103.6 CHICAGO LIVESTOCK CHICAGO, March 4— UP) —The livestock market opened the week today with higher prices in all de partments. Fed steers and year lings were up fully 25 cents and in stances more. Heifers shared the upturn. Choice to prime 1,425 pound bullocks topped at $13.00, 876-pound yearlings at $12.00- Hogo generally were 10 to 15 cents higher, topping at $5.75. (U. S. Dept. Agr.)—Salable hogs 13,000; total 21,000; generally 10 15 higher than Friday’s average; spots 20 up; fairly active at advance; top 5.75; bulk good and choice 180-240 lbs. 5.35-70; 240-270 lbs. averages 5.15-50; most 270-320 lbs. butchers 5.00-25; heavier weights 4.85-5.00; good 400‘550 lbs. packing sows 4.25 60; lighter weights to 4.75; shippers 2,000; estimated holdover 1,000 saiame came n,uuu; saiaoie calves 800; fed steers and yearlings fully 20 higher instances as much as 50 higher on good to choice offerings all weights; top 13.00 on choice prime 1,400 lbs. steers; numerous loads weighty steers 11.00-12.00; most of these western fed offerings; best yearlings 12.50; these Texas Calf club offerings scaling 876 lbs.: few plain offerings under 8.00; feed er dealers competing on light cattle at 9.00 down; yearlings scarce and not enough strictly finished cattle all weights to meet trade require ments; heifers 25 higher, best 10-60; cows strong with quality plain, cut ter cows 5.35 down, canners 4.00-75 mostly; bulls 16-25 higher; weighty sausage offerings to 7.35 and heavy fat bulls to 7.16; vealers steady at 11.50 down; few 12.00. Salable sheep 6,000; total 8,500; fat lambs active, 25-40 higher than last week’s close; bulk good and choice fed range and corn belt lambs scaling 94-100 lbs. 10-50-10.60; only few odd lots below 10.50; fat year lings and sheep sharing full ad vance; lamb weight yearlings 9.00; two year olds 8.00; best 118 lbs. fed range ewes 5.S5; medium kinds 4.85, BALTIMORE POTATOES BALTIMORE, March 4— (/P) — Potatoes (old)—Dull. Truck 100 lb. sacks U. S. Is Md., Pa., Round White 1.50-60. Rail 100 lb. sacks U. S. Is Maine Mountains 1.75-90, mostly 1.80-85; Katahdlns and Chip pewas 1.90-2.00, few higher. Idaho Russet Burbanks 2.25. (New)—Dull. Boat—Fla. bu. crates Bliss Triumphs U. S. Is 1.75; U. S. 2s 1.50 Rail-Fla. bu. crates Bliss Triumphs U. S. la 1.90-2.00. Sweet potatoes — dull. Eastern Shore Md., bu. baskets Goldens U. S. Is 75-85, few higher; ungraded 50-60; Jerseys U. S. Is 65 75, few higher; ungraded 50-60; Porto Ricans, Nancy Halls and White Yams U. S. Is 65-75, few higher; unpraded 40-50. N. C. bu. baskets Porto Ricans U. S. Is 75 85, few fancy higher; ungraded 4f 60; Goldens and Jerseys unbraded 50-65. Nearby bu. hampers and bu gaskets Jerseys and Golden U. S. Is 50-60, few higher; ungraded 35-50; i-2 bu. hamper ungraded Goldens 10-35. Jerseys 25-30. N. C. COTTONSEED OIL NEW ORLEANS, March 4—(TP)— Cottonseed oil closed steady. Bleaeh ible prime summer yellow 7.00n; prime crude 5.87 1-2—6.00n, March 6.49b; May 6.57b; July 6.70b; Sep. 6.77b. b—Bid, \ -.- * Closing Bond Quotations (By The Associated Press) GOVERNMENT BONDS Treasury 3%s 43-41 Mch... 103.26 3%s 41 -105 3%s 47-43 - 109.23 3%s 47-43 Reg._109.21 3%s 45-43 _109.28 4s 54-44 - 114.19 2%s 45 - 114.18 2s 50-48 - 103.13 3%s 52-49 _111.25 2->is 54-51 _107.10 3s 55-51 _110.4 2%s 60-55 _ 107.20 2%s 59-56 - 106.19 2%s 65-60 _106.4 Federal Farm Mtg. 3s 49-44 _108.4 Home Owners Loan 2'is 44-42 . 104.21 3s 52-44 _107.20 DOMESTIC AT and SF 4s 95 _104 B and o Cvt 4%s 60 _ 14 Bkn Un El 1st 5s 50.__ 99% Can Pac 4s Perp _ 65% C and O 4%s 92 _ 122% C B and Q 4%s 77.. 79 Chi E 111 5s 51 _ 16% Chi Gt West 4s 59_-_- 26 D and R G West 5s 55_ 2% Erie Rf 5s 67 .. 14 Fla East Cst 5s 74 __ 6% Hud Coal 6s 62A __ '33 Hud and Man Rfg 5s 57_ 47 Int Mer Mar 6s 41 _ 71 L and N 4%s 2003 _ 91 M K and T Adj 5s 67_ 5% Mo pac Gen 4s 75_-_ 2% NYC Rf 5s 2013 _ 58% N and W 4s 9 6_121% Nor Pac 6s 2047 _ 54% Penn RR Gen 4%s 65 _101% Phil Read C and I Cv 6s 49 - 3% SaL Con 6s 45 _ 6% So Pac Rfg 4s 55 _ 60% So Ry Cn 5s 94 _ 87% So Ry Gen 4s 56___ 56% Third Ave 4s 60 _ 56 % West Md 4s 52 .. 82% FOREIGN Australia to 55 _ 79 Australia 4%s 56 _ 74 Belgium 7s 55 _103% Brazil 6%s 26-57 _ 16% Ger Govt 7s 49 .. 14% Italy 7s 51 -. 70% Japan 6%s 54 - 87 CHICAGO GRAIN CHICAGO, March 4—<£>)—Wheat price gains of a full cent were wiped out before the market closed today and net losses of 1-8—5-8 cent com pared with Saturday’s final figures were marked up at the end of trad ing. Prospects of clearing weather over the southwestern grain belt and Eu ropean war news tended to hold selling in check and contributed to strength at times but heavier than seasonal receipts at principal mar kets weakened the market. Some selling was inspired by weekend rains and reports of generally im proved moisture conditions. Normally receipts of wheat at this time of year before harvest of the new crop would not run large. How ever, because of the holding policy of producers last summer and dur ing the winter, due to encourage ment of the government loan, poor crop prospects and the war situa tion, more grain now is finding its way to market belatedly. Maturity dates on loan wheat are March 81 for 1938 grain and April 30 for 1939 grain. Some of this wheat is being marketed each day although liquida tion has diminished since the past week’s price downturn. At the close May wheat was $1.00 1-2—3-» and July 98 3-8—1-4. Corn finished urfchanged to 3-8 higher, May 56 1-8—1-4, July 56 3-4; oats unchanged to 1-8 down; soy beans 1 1-4 higher; rye 1-8 lower and lard 5-15 higher Government figures showed that in the 8 days ended February 23 ap proximately 2,300,000 bushels of loan wheat were redeemed, bringing the total under loan down to 137, 636,000 bushels. Semi-official esti mates Saturday placed the total of 1939 wheat at only 115,000,000 bushels. Open High Low Close WHEAT: May -1007a 101% 10094 10074 July .9874 9 9 74 9 8 74 9 8 74 Sept - 9874 9974 9774 9774 COHN: May -55'4 56% 5574 5674 July -5G 74 5 7 5 6 74 5 6 74 Sept - 57 5774 57 57% OATS: May -40% 41 4074 40% July -- 3574 3574 35% 35% Sept -33% 33% 33% 33% SOY BEANS: May -112 74 115% 112 74 114 July -109 11174 109 110 RYE: May .. 6574 607a 65% 65% July - 6674 6774 6674 6674 Sept .. 6774 6874 6774 6714 LARD: Mch _ 6.12 6.15 6.12 6.15 May _ 6.35 6.37 6.35 6.35 July _ 6.57 6.57 6.55 6.55 Sept _ 6.75 6.77 6.75 6.75 Oct _ 6.S2 6.85 6.82 6.85 BELLIES: Mch _ 4.95 May _ 5.90 July _ 6.70 DRY GOODS NEW YORK, March 4. — (.37 — Print cloth sold in small volume at steady prices today, with 64x60s quoted at 5 cents a yard. Business in rayon centered main ly in novelties and specialty weaves. Spun rayons sold well with further business in two ply alpacas. Print cloth remained quiet. Interest in full fashioned hosiery was stimulated by last week's re duction in prices. Woolen goods were quiet, with oc casional spot business in spring worsted suitings. Demand for ma terials for women’s cloaks arid suits continued brisk. STOCKS IN THE SPOTLIGHT NEW YORK, March 4. _ UP) — Sales, closing price and net change of the fifteen most active stocks to day; Seaboard Air L, 50,500—% ; no. Loft. 12,700—29 % <1V-. Martin G L. 7,400—42; al%. Comwlth and Sou. 7,300—1%: a%. Curtiss-Wright, 7,100—10%; no. Bklyn-Manh Tr, 7,000—20%; al. Austin Nichols. 5,900—5; a%. Coty, 5,900—6% ; a%. Unit Gas Imp, 5,700—12%; d 14. Comwlth Edis, 5,500—32%; a%. Pan Am Airw, 5,400—17%; d%. Canad Pac, 4,600—5%; d%. Radio. 4,200—5% a%. Am Bosch, 4,100—7%; d%. US Steel, 4,Or>0—58% : d%. NEW ORLEANS COTTON new ORLEANS. March 4.—</P) —Cotton futures advanced here to lay on foreign and domestic trade luying. Closing prices were steady 10 points net higher. Open High Low Close Mch 11.00 11.04 11.00 11.06B May „ 10.77 10.84 10.75 10.84 up 10 July __ 10.43 10.49 10.41 10.49B Dct_ 9.68 9.75 9.68 9.75 up 10 Dec .. 9.55 9.55 9.55 9.60B Ian __ 9.46B_ _ 9.54B Mch ’41 9.33B. 9.40B B-Bid NEW YORK COTTON NEW YORK, March 4—(iP)—Cot ton buyers climbed back on the bandwagon today and boosted prices 11 to 13 points The forward drive met with little opnosition. A last hour covering mo emen' in March accentuated the scarcity of contracts apparent dur ing the session and final prices were the day’s best. Buying seemed connected morj closely to action at Bombay rather than domestic news, since the flare up of activity in textile centers late last week died down today. A rally at Bombay after opening easiness came as a surprise for a strike was finally called among cloth workers. Bombay played both sides of the local market although buying outweighed selling. Hedging pressure was slight and offerings on the whole were barely sufficient to contend with moderate demand from trade and foreign ac counts. Cloth brokers reported only scat tered business in print cloths for spot delivery at steady prices. Exports Saturday 23,715 bales; season so far 4,988,379. Port re ceipts 22,581; port stocks 2,976,908. Range follows; New: Open High Low Close May 10.79 10.79 10.79 10.S8Nup 12 July __ 10.47 10.47 10.47 10.55Nupll Oct_ 9.66 9.74 9.65 9.73 up 12 Dec_ 9.52 9.59 9.52 9.59 up 13 Jan — 9.49 9.50 9.49 9.55Nup 12 Old: Mch „ 10.88 10.98 10.88 10.98 uplj May __ 10.68 10.75 10.66 10.75 up 12 July „ 10.34 10.41 10.32 10.41 up 1] N-Nominal. Spot nominal; middling (7-8-inch) 11.08. CHICAGO POTATOES CHICAGO, March 4—(A>>—(U. S. Dept. Agr.)—Potatoes 220, on track 346, total US shipments Saturday 1,166, Sunday 55; Colorado Red Mc Clures steady, other varieties all sections slightly stronger, supplies moderate demand moderate; sacked per cwt. Idaho Russet Burbanks US No. 1, 1.90-2.10; US No. 2, 1.45; Nebraska Bliss Triumphs US No. 1, washed 2-20-40; 80 to 85 per cent US No. 1, unwashed 1.60-65; Colorado Red McClures US No. 1, 1.65-75; Minnesota and North Dakota Red river, valley section Cobblers 80 per cent US No. 1, 1.35-40; Early Ohios 85 to 90 per cent US No. 1, 1-30-35; Wisconsin Round Whites US No. 1, 1.45; unclassified 1.20; Cobblers 90 per cent US No. 1, 1.35; Chlppewas US No. 1, fine quality 1-60; new stock slightly stronger supplies moderate demand light; less than carlots Florida Bliss Triumphs bu. crates US No. 1, washed 2.10, US No. 1, size B washed 2.00. LIVERPOOL COTTON LIVERPOOL, March 4.—GB—Spot cotton quiet, prices unchanged tp 5 points lower. Quotations in pence: American, strict good middling 8.59; good middling 8.19; strict middling 8.09; middling 7.99; strict low mid dling 7.89; l#>w middling 7.64; strict good ordinary 7.19; good ordinary 6.84. Futures closed 7 to 10 points low er. Mch 7.77; May 7.86; Jly 7.90; Oct 7.72; Jan 7.63. DAIRY PRODUCTS NEW YORK, March 4.—(iP)—But ter 472,039, firmer. Creamery high er than extra 29-29 3-4; extra (92 score) 28 3-4; firsts (S8-91) 28-28 1-2; seconds (S4-S7) 26 3-4-27 3-4. Cheese 143,123, irregular. State whole milk flats, held 1938, 21-22; held 1939, 20-20 1-2; fresh 15 1-2 16 1-2. CHICAGO BUTTER CHICAGO, March 4—UP)—Butter 706,463, steady; creamery—93 score 28 1-2; 92, 28; 91, 27 34; 90, 27 1-2; S9, 27 1-4; 88, 26 3-4; 90 centralized carlots, 27 1-2—3-4. Eggs 10,462, steady; fresh graded, extra firsts local 16 1-2, cars 16 3-4; firsts local 16 1-4, cars 16 1-2; current receipts 15 1-2. NEW YORK EGGS NEW YORK. March 4. — <5>> — Eggs 24,049; weak. Mixed colors: fancy to extra fancy J9-20; extras 18 1-2-3-4; storage packed firsts 17 3-4-18; graded firsts 17 3-4; current receipts 16 1-4; seconds 16-16 1-4; mediums 15 3-4-16; dirties No. 1, 16 1-4; average checks 14 3-4-15 1-4. _ PEANUTS SUFFOLK, Va., March 4— <.P) — Peanut quotations: jumbos 4; bunch 3 5-8 to 3 3-4; runners 3 3-8 to 3 1-2. Market very dull. CHARLOTTE COTTON CHARLOTTE, March 4.-15’) — Spot cotton 10.70. Treasury Will Confine Borrowing To Refunding WASHINGTON, March 4.— l-T) — Secretary Morgenthau announced today that the treasury would con fine its borrowing in the near fu ture to refunding. He said that in view of income tax collections this month, the heaviest income tax month of the year, the treasury would need no "new money” for the time being, since it had $1,634,000,000 in cash on hand. However, he added, the treasury would formally announce on Thurs day an exchange offer to refund $738,000,000 of one and one-half per cent treasury notes coming due June 15. Holders of these securi ties would be offered another five year note in lieu of cash, Morgen thau explained. The interest rate on the new notes was withheld until the formal announcement. Johnson’s Appointment As Postmaster Confirmed WASHINGTON March 4.— (IP) — The senate today confirmed the fol lowing North Carolina postmasters: Ferdinand B. Johnson, Clinton; Paul E. Henr.essee, Glen Alpine; Eula Mae White, Hiwassee Dam: Thomas L. Maness, Star. SERVICES LIMITED BERLIN, March 4.—(IP)—Catholic services on Sundays in Waarthegau, the former Polish province of Poz nan no wincorporated in Germany, have been limited to definite hours in order to enable Nazi authorities to control them, the German official news agency, DNB, said tonight. VOLUNTEERS TO LEAVE TORONTO, March 4.—(IP)—Col. Fraser Hunter, liberal member of the Ontario legislature and World War veteran, said today that a force of approximately 950 volunteers would leave Canada shortly to fight for Finland. SPOT COTTON NEW ORLEANS, March (—(AO Spot cotton closed quiet, 10 higher. Sales 254, low middling 9.64; mid dling 10.74; good middling 11.19; re ceipts 7,194; stock 803,580. ■ 11111111111111111 ■ m II ■■■ 111 ■ ■ 111 ■■■ i ■ ■, ■ 111~ Anti-Trust Campaign Is Assailed By Unions WASHINGTON, March i.— UPl — The Justice department’s anti-trust campaign against activities of cer* tain labor unions was characterized as ‘‘reactionary" by the AFL’s build* ing trades unions in conference to* day. The anti-trust drive, directed by Assistant Attorney General Thur man Arnold, is directed against al leged ‘‘unreasonable restraints" in the building industry. Indictments have been returned against 600 de fendants, including employer groups, 41 AFL unions and more than 100 union officials. "This policy and its implication* are gravely alarming," the AFL building trades unions said in a, formal statement. Member Of Commanist Ring Held In France P 4.RIS, March 4.—1UP>—'The arrest* of 29 members of a secret commu* nist propaganda ring operating In Paris was announced by police headquarters today. Copies of the banned communis® newspaper "Humanite” and other tracts were reported seized. Editors, printers and distributors of propaganda sheets were held fori military authorities and their hide-, outs where the tracts were printed: were raided. The police said members of the ring dropped the tracts in subways and busses and distributed them secretly to factories in the suburbs of Paris. ADVERTISEMENT WAKE UP YOUR LIVER BILE Without Calomel—And You’ll Jump Out of Bed in the Morning Rarin' to Go The liver should pour out two pints of liquid bile into your bowels daily. If this bile is not flowing freely, your food may not digest. It may just decay in the bowels. Gas bloats up your stomach. You get consti pated. You feel sour, sunk and the world looks punk. It takes those good, old Carter's Little Liver Pills to get these two pints of bile flowing freely to make you feel "up and up." Amazing in making bile flow freely. Ask for Carter’s Little Liver Pills by name. | 104 and 254. Stubbornly refuse anything else. §1 THE ATLANTIC REFINING CO., ANNOUNCES ? | CLAUDE JEWELL f Formerly Operator of JEWELL’S SEHVICE STATION 17th and Castle Sts. As Manager of the WHITE FLASH STATION at Highwood Park — On old Wrightsville Beach Road one block beyond — trance to New Forest Hills and Glen Arden. EE and invites all his friends and customers to visit = = him there for == 1 WHITE FLASH GASOLINE 1 100% Pure ATLANTIC MOTOR OIL Illllllllllllllllllllllllllllllllllllllllllllllllllllllllln: MILK | USED j By ! Lecturer, Ruth Chambers | at the | COOKING SCHOOL ! Fresh daily from Echo Farm t Dairy. Produced exclusively by j our Holstein Purebred Herd. 1 I I Every bottle of our milk is capped by a positive seal | I metal cover all cap that protects the pouring lip of the § I bottle from contamination. | J % o' i-i | ECHO FARM DAIRY ! I “YOU CAN WHIP OUR CREAM | YOU CAN’T BEAT OUR MILK” | Phone 4302 Ip'
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
March 5, 1940, edition 1
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