Newspapers / Wilmington Morning Star (Wilmington, … / July 4, 1940, edition 1 / Page 9
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<r— ^iYy -w- —_ ----- — ■■ i,-,. kj, _ ISIINU FEW LEADERS ADVANCE TO LIFT MARKET AVERAGES SPtllALIlto AW IN SLOW TRADING Associated Press Average Of BO Selected Stocks Up .1 Of Point At 41 by FREDERICK GARDNER new YORK, July 3—UPI—A few catling stocks advanced sufficient 'factions today to lift market av erages, despite the ineriat of July fourth ■ ve. Wall street was decimated, while 31-ok-rs and traders, harried with vccks of war worries, started an exodus to the country. Most of them won’t be back until next Monday. So- of *'\e specialt' were re sponsible for giving the market its steadiness, rising in the face of an early morning weakness which evaporated toward noon. At the final bell, the associated Press average of 60 selected stocks W." up .’ of a point at 41. Trans fers totaled 377,170 shares com pared with 320, .’20 yesterday. Operators continued to view the probable German as.aul'. on Great Britain as the chief factor affect ing pric s. In this connection was noted a r.m of more than two cents in the quotation of the “free” Rritic' nn'rnd. A* the ame time, and in in creasing degree, ; iteresi in the coming democratic party conven tion developing in the financial d rict. Steel and aircraft shares, of late months the most active of the list, were quiet while traders awaited th opportunity to determine how they will be affected by the Ameri can reaurament program. The magazine Iron Age predicted 90 days would elapse before the steel industry would feel the effects of the program. Leaders in the sessions rising group were New York Shipbuild ing. Loft, Certain-Teed, Celotex, U. S. Gypsum, Johns - Manville, Ik Pont, U. S. Rubber, General Motors. Brooklyn - Manhattan Transit. American Telephone, Phelps Dodge and Packard. The iast was aided by the Washington announcement that the company had agreed tentatively to build 9, 000 airplane engines Gainers in the curb, where 85, 000 shares changed hands com pared with 106,000 yesterday, in cluded Aluminum of America, Duke Power, Gulf Oil, Pennsyl vania-Central Airlines, and Ameri can Gas & Electric. Bonds worked fractionally high er. Commodities were generally Irregular. At Chicago, wheat closed 2 3-4 to 3 1-4 cents a bushel ahead and corn was 3-4 cent to 1 1-4 cents up. Cotton closed 10 to 75 cents a bale ahead. 1 STOCK AVERAGES 30 15 15 60 Indus Rails Util Stks Net change _ until a.l unch a.l Wednesday _. 57.1 15.2 35.0 41.0 Prev. day_ 57.1 15.1 35.0 40.9 Month ago __ 53.3 13.4 30.9 37.6 fear ago 65.7 17.6 36,9 46.3 1910 high_ 74.2 20.5 40.6 52.2 , 3910 low_ 52.3 13.0 30.9 37.0 3939 high ... 77.0 23.8 40.6 53.9 1939 low _ 58.8 15.7 33.7 41.6 60-Stock Range Since 1927: 1937-38 1932-36 1927-29 High __ 75.3 72.8 157.7 T*w _ 33.7 16.9 61.8 What Stocks Did Wed. Tue. Advances _ 273 193 Declines _ 172 215 t'nchanged _ 134 163 7otal Issues _ 579 571 NEW YORK COTTON NEW YORK, July 3—(Si—Cotton futures, reacting more to weather Hews than other factors, closed 2 to 15 points higher today after a Quiet session. Buying interest was whetted by the weekly weather report’s men tion ot excessive rainfall in parts ul the western belt and abnormal ly cool weather over the growing territory as a whole. New Orleans, outside interests and professional operators took most of the offered contracts. July, m process of final liquidation, lagged. Exports yesterday totaled 10,901 bales: season so far 6,309,571. Port receipts 8.716; port stocks 2,484,206. The range follows: . 1 New: High Low Close ■miy . 10.36 10.33 10.37N up 7 . 9.40 9.28 9.39 UP 10 fee . 9.24 9.13 9.23 up 11 Jan . 9.15 9.15 9.15 up 13 far - 9.03 8.85 9.01 up 15 •'Ey. 9.03 8.85 9.01 up 15 Old: Jllf - 10.12 10.02 10.10 up 2 Spot, nominal; middling (%-inch) 10. U). up 7. N-Xominal. LIVERPOOL COTTON LIVERPOOL, July 3—®—Spot cotton quiet, prices 3 poinls high er- Quotations in pence: Ameri can. strict good middling 8.27; good middling 7.87; good midd ]r‘g 7.72; middling 7.62; strict low ^ddling 7.52; low middling 7.27; wict good ordinary 6.82; good or dinary 6.47. l0JUlures c^°sed 1 higher to 1 Jdly . 7 24 October...!!!!!!!!!!!!! 7!o4 ,anuary . 6.78 . 6.64 EGGS NEW YORK, July 3-(/P)-Eggs t ’ firm- Mixed colors: fancy extra fancy 19.23. Extras 18 1-2. storage packed firsts 17 to 17 ; graded lsts, 16 1-2 to 3-4; rent receipts 16; mediums 15 ■ dirties No. 1 15 1-4. v'crage checks 14 1-4 to 1-2. 1 Closing Stock Quotations ___ (By the Associated Press) Adams ExP- 5 M A r Reduct- 38 3.4 Alaska Jun_ 4 5_g A1 Chem & Dye_ ^ Alleghany ___ g g Allis Chal Mfg_------ ^ ^ Am Can _ s4 Am Car Fdy'-I"H__ 23 1-2 Am For Pow _ 1 j_2 Am Pow & Lt_~~~ 3 5.8 Am Rad & St S_6 i.g Am Roll Mill _n 1A Am Smelt & Ref_... 35 1-4 AT&T -- Am Too B---77 1.2 Anaconda _ 20 Arm 111 _,_ 4 ]_2 A T & s Fe_ 16 A C L - i_2 Atl Ref___._ 2i i.2 Aviation Corp _.. 4 Baldwin _*" 14 i_2 B and O .™“ 3 3-4 Barnsdall _ 8 Bendix Aviation _27 Bethlehem Steel _ 74 Boeing Airplane _13 1-2 Borden - g.g Borg Warner _ j_2 Briggs Mfg -™ 16 3-4 Budd Mfg _ 3 3_4 Budd Wheel_ 4 3.4 Burl Mills _ 14 3.4 our Add Mach _ 7 3-4 Calumet and Hec _6 Can Dry - 3_s Can Pac __ 2 Y-S Cannon Mills___33 Case J I _ 4y Caterpil Tractor ~~~~ 44 4.0 Chas and Ohio _ 36 1 2 C M St P & P Pf 34G Chrysler - 4.4 Coca Cola _103 Colum G & E_ 6 Coml Credit _28 1-2 Com Solv_ 8 7_8 Comwlth & Sou __ 4 4.4 Consol Edison _28 1-4 Con oil - 6 3.8 Cont Can _38 Corn Prod___ 49 3.3 Curtiss Wright _ 6 3-4 Curtiss Wright A_23 Douglas Aircraft _65 1-8 Dow Chem _450 DuPont -.-IHI45S Eastman Kodak _418 1-2 Elec Auto Lt _ 34 4.3 Elec Pow and Lt __ 5 4.2 Firestone _44 4.4 Freeport Sul _30 4-4 General Electric _ 30 3-4 Gen Foods_ 49 3,4 Gen Mot- 3.4 Gillette _;_ 4 4.4 Glidden - 4.2 Goodrich -42 5.3 Goodyear _45 Graham Paige _ 3.4 Gt Nor Ry Pf _ 22 3-8 Hud Mot - 3 5-8 111 Central _ 7 4.2 Int Harvest _ 43 Int Nick Can-„- 23 3-8 Int Tel & Tel _ 2 5-8 Johns Man_ 57 Kennecott _ 25 1-8 Kroger Groc__ y.g Libby OFG1_ ai; Ligg & Myers B_9g Loews -_ 24 3-4 Loft - 24 3-4 Lorillard __21 3-8 McCrory Stores _13 1.4 Mo K T -' 5-g Montgomery Ward _33 7.3 Murray Corp .. “ 5 3.3 Nash Kelv _ 4 4.3 National Biscuit _19 National Cash Register_11 3.4 National Dairy Prod _13 3-4 National Distributors _20 National Lead _16 7.3 National Pow and Lt 7 5.3 New York Central __H 3.4 No Am Aviat _15 5-3 North Am _ 20 1-2 Nor Pac __ 5 7,3 Ohio Oil__ 6 l-g Otis Elev _ ^2 i_4 Pac G and E___29 l-° Packard _ 3 7-j Param Pix _5 Penney J C_””1~ 78 1-2 Penn Dixie ____-__ 2 7-8 Penn R R__ 49 7.3 Phillips Pet _32 Pitt Scr & b _5 3.4 Pub Svc N J_” 36 1-4 Pullman _21 1-4 r'ure on _ 7 x.4 Radio _ 4 5.8 Rem Rand _ 7 Rep Steel_16 3.4 Reynolds B _ 1.4 Seab A L - 3-16 Sears _72 Shell Union_ g Socony Vac- g g.g Sou Pac - g g.g Sou Ry - 1.4 Sperry - 35 i_4 Std Brands __ 6 1*8 Std Oil Cal _is 3-4 Std Oil Ind____ 22 3-4 Std Oil N J_____30 g.g Studebaker_ 6 7-s Swift___20 Tex Corp -33 Tex Gulf Prod_ 2 3-4 Tex Gulf Sul _30 1*2 Timken Det Ax_23 Trans and West Air_18 1-4 Union Carbide _ 67 3-S Union Pacific _79 United Aircraft _32 United Corp _ 2 United Drug _ 4 United Fruit _ 61 3-4 United Gas Imp _12 1-8 U S Rubber_19 1-2 U S Stele -b0 7-8 Vanadium _30 3-4 Western Union _J_17 3-8 West Elec & Mfg_90 Wilson _ 4 1.4 Woolworth _ 32 Yellow T & C_ 12 Youngs S & T_ 3J Total sales, 377,170. CURB Cities Service_ 5 El Bond and Sh _ I Gulf Oil _28 STOCKS IN THE SPOTLIGHT NEW YORK, July 3.—<JP)—Sales, closing price and net change of the seventeen most active stocks today: Packard, 35,500—3%: alt. Loft 16,100—24%; a%. Bklyn Manh Tr, 11.000—22% ; a2%. Int Mer Marine, 6,400—7%; alt. NY Shipbldg, 5,800—20%; a%. Gen Motors, 5,800—42%; a%. Comwlth Edison, 4,800—30%; a%. Gen Elec, 4,700—30%; dlt. United Alrc, 4,600—32; d%. Elec Boat, 4,600—14%; a%. US Steel ,4,400—50% ; no. Comwlth and Sou, 4,200—114 ; d%. Eastern Air Lines, 3,900 — 29 %; a%. Cons Oil, 3,600—6% ; a%. North Am Aviat, 3,500—15%; alt. Curtiss Wright, 3,500—6%; dlt. United Corp. 3,500—2; d%. FOREIGN EXCHANGE NEW YORK, July 3—UP)—T h e British “free” pound gained a cents against the dollar today, closing at $3.82. The Canadian dol lar also picked up .9375 cent and the final trade in exchange was at 85.5625 cents. The Swiss franc was up .02 of a cent at 22.68 cents. Closing rates follow (Great Brit ain in dollars, others in cents.) Canada: Official Canadian con trol board rates for U. S. dollars: buying 10 per cent premium, sell ing 11 per cent premium, equiva lent to discounts on Canadian dol lars in New York of buying 9.91 per cent, selling 9.09 per cent. Canadian dollar in New York open market 15 7-16 per cent dis count, or 84.56 1-4 U. S. cents. Europe; Great Britain, cables 3.82; Finland 2.05; Germany 40.10, (benevolent) 18.95; Greece .68; Hungary 17.65n; Italy 5.05; Portu gal 3.84n; Rumania .52n; Sweden 23.90; Switzerland 22.68; Yugosla via 2.35n. Latin America: Argentina offi cial 29.77. Free 21.25. Brazil offi cial 6.05. Free 5.10. Mexico 20.35. Far East: Japan 23.48. Hong kong 23.83. Shanghai 6.25. (Rates in spot cables unless oth erwise indicated.) N-Nominal. , ; BALTIMORE HOGS BALTIMORE, July 3—UO— «J. S. Dept. Agr.)—11 a.m. quotations: Hogs — 600. Market mostly steady, 25 higher than yesterday. Good and choice, 170 to 210 pounds, 6.40 to 6.55; top 6.55; 220 to 240 lbs., 6.15 to 6.40; 250 to 300 lbs., 5.55 to 6.20; 150 to 160 lbs., 140 to 150 lbs., 5.75 to 6.00; 130 to 140 lbs., 6.50 to 5.75; 120 to 130 lbs., 5.35 to 5.60. Packing sows 4.50 to 5.00. 1 POTATOES BALTIMORE, July 3—(A*)—Pota toes- (old) -dull. New — very dull. Truck, N. C. 100 lbs. sacks cob blers U. S.,hs, bright, 1.25 to 1.35. Barrels cobblers U. S. Is 2.00 to 2.25; W.sh.Va.-barrels U. S. Is 1.85 to 2.15, around 200 NEW YORK SUGAR NEW YORK, July 3—(Jl—Do mestic sugar futures kept to an even course today, the outcome of sales in nearby positions by Cu ban producers against purchases in forward months and the re verse operation by commission in terests. Outright transactions were re stricted by the approaching holi day and by inactivity in the raw market. Final prices were un changed to a point higher on sales of 30,450 tons. The trade and operators bought September position in world con tracts. Operations were confined to that month. The close was 1 to 2 points up on turnover of 1,050 tons. September closed 1.01b; December 1.04n; January 1.05n; March 1.05 l-2b; May 1.07 l-2b. Bbid; n— nominal.) Prompt shipment Cuban raws as well as Puerto Ricos and Philip pines were liberally offered at 2.75 cents, meeting little refiner inter est. Most refiners announced a return tomor ow to the 4.50-cent-a-pound basis for refined sugar, ending the 15-point allowance for some terri tories in effect the past few days. No. 3 futures range follows; 1 High Low Close Sept _ 1.82 1.81 1.81B unch Jan_ 1.89 1.89 1.88B up 1 Mar _ 1.92 1.92 1.91B up 1 May _ 1.96 1.95 1.95B up 1 CHICAGO POTATOES CHICAGO, July 3—(/P>—(TJ. S. Dept. Agr.) Potatoes; arrivals 148; on track 360; total U. S. ship ments 632; supplies rather liberal; demand fair; market steady; Cali fornia long white U. S. No. 1, 2.15 to 20; Idaho bliss triumphs U. S. No. 1, 2.05 to 15; Oklahoma bliss triumphs fairly good quality 1.50 to 60; Arkansas bliss triumphs generally good quality 1.50 to 75; Alabama bliss triumphs U. S. No. 1, 2.00; Missouri cobblers fair to gnerally good quality 1.00 to 25; Kansas cobblers fair quality 1.00 to 05. 1 MIDDLING COTTON NEW ORLEANS, July 3— iS) — The average price of middling 15-16 inch cotton at 10 southern spot markets today was higher at 10.61 cents a pound; average for the past 30 market days was 10.44; middling 7-8 inch average was 10.42 cents a pound. 1 BUTTEK AND EGGS CHICAGO, July 3—(W—Butter, 1,270,696; firm; prices unchanged. Eggs, receipts 17,187; firm; fresh graded extra firsts local 16, cars 16 1-4; current receipts 14; dirties 12 1-2, checks 12 1-4, Storage pack ed extras 17. Other prices un i changed 9* ADVANCE SCORED IN BOND MARKET Prices Register Cheerful Sen timent On Domestic Busi ness Situation NEW YORK, July 3—W—Bonds paid little attention to foreign news today but registered a cheerful sentiment on the domestic busi ness situation. Closing prices were higher in most groups. Many corporate issues, includ ing a liberal sprinkling of rails, reached new tops for the recovery which started around June 10. Most foreign dollar bonds kept in step with the upturn.. Italian loans were exceptions dropping back 1 to around 3 points. The list generally closed near best levels in spite of late profi selling by traders who wanted to travel light over the holiday. Among corporates ending a point or more higher were Erie 5s of ’75 at 11 3-4, Certain-Teed products 5 l-2s at 72 1-2, Great Northern 4s of ’46 "g” at 102, New York steam 3 l-2s at 106, Nickel Plate 4 l-2s at 54 1-4, Remington Rand 4 l-4s at 96 and New York Central 5s at 56 1-4. .fin nens oi i-rreai ivorinern pun ed ahead, and trading sources re ported that Wall street investment houses were negotiating with the RFC for purchase of $20,000,000 collateral trust 4s which the road recently sold to the federal lend ing agency. U. S. governments moved up 1-32 to 15-32 on small turnover. Transactions totaled $4,601,00 face value against $3,898,000 Tues day. 1 _ 1* BOND AVERAGES 20 . 10 10 10 Rails Indus Util For Net change .. a.4 a.3 a.l a.5 Wednesday 55.0 102.4 95.3 38.1 Prev. day — 54.6 102.1 95.2 37,6 Month ago „ 49.3 99.1 91.5 36.7 Year ago_ 55.4 100.0 95.9 60.9 1940 high_ 59.9 103.6 97.5 53.5 1940 low_ 48.3 98.9* 90.3 35.1 1939 hig'i_ 64.9 102.0 97.5 64.0 1939 low_ 53.4 95.8 90.4 41.7 10 Low Yield Bonds Wednesday _111.4 Prev. day _111.3 Month ago_—— 108.8 Year ago _112.1 1940 high _113.2 1940 low _108.4 193: high _112.6 1939 low _103.6 CHICAGO LIVESTOCK CHIC/GO, July 3—GP)—Hog prices advanced 15 to 25 cents today to bring the top price to $6.35, the highest peak for two months. Cattle were steady to strong. The sheep and lamb mar ket was steady to 5C cents lower. Orders exceeded the small pre holiday supply of 16,000 hogs. Packers reported 5,000 shipped di rect to their plants. Wholesale prime dressed pork loins advanced 50 cents to $16.00. Fed steers, yearlings and heif ers were active, with heifers around 25 cents higher. Practical ton for strictly choice steers was $12.00, and prime weighty offerings topped $13.00. (U. S. Dept, agr.)—Salable hogs 11,000; total 16,000; open fairly ac tive; 15 to 25 higher than Tues day’s average; top $6.35; bulk good and choice 200 to 270 lbs. 6.00 to 25; most 270 to 330 lbs. 5.80 to 6.10; some 300 to 360 lb. averages 5.60 to 90; good and choice 180 to 200 lb. lights 5.85 to 6.30; bulk good 330 to 450 lb. packing sows 5.00 to 40; heavier weights 4.25 to 75; shippers took 3,500; holdovers 1, nnn Salable cattle 9,000; calves 1, 000; fed steer and yearlings again active; steady to strong; instances higher; medium grades scarce; all buying interests in market; good many fat cattle selling fully 50 over late last week’s; instances 7o higher for week; practical top strictly choice steers 12.00; prime weighty offerings 13.00; liberal sup ply 10.75 to 11.75; best yearlings 11.65; heifer yearlings 10.85; not many steers under 10.00 due to predominant strictly grain fed Of ferings and shortage grassy and short fed kind; plain southwest grassy steers 7.50 to 8.00; load scaling 1,000 lbs., 7.65; heifers 25 higher; supply small; several loads 10.00 to 50; grassy kind down to 7.00; cows except sprinkling good and choice grain fed offer ings 25 lower; bulk best grass cows steady; cutters 5.75 down, bulls steady to 15 lower; mostly 10 to 15 off; practical top 7.25; vealers weak to 10.00 down. balable sheep 1,000; spring lambs 35 to 50 lower; yearlings 15 to 25 lower; fat sheep slow around steady; bulk moderately sorted native spring lambs 10.25 to 50; few good to choice strong weights 10.65 and 10.75; native th.owouts mostly 8.50 to 9.00; two doubles Idaho native springers sorted around 20 per cent 10.25; throwouts to killers and feeders 8.65; small lot fat native ewes 3.75; bulk medium heavyweights 2.50 to 3.50; shelly canners down ward to 2.00. * AUTO PRODUCTION DETROIT, July 3 —(JO— Auto motive News in its mid-week ex timate of automobile production to day placed this week’s assemblies at 53,087, compared with 84,758 last week and 43,450 this week a year ago. It explained the decline as due to the completion of 1940 model output by several companies and the curtailment to three and four day schedules by others because of the fourth of July holiday. 2 CHARLOTTE COTTON CHARLOTTE, N. C., July 3-tfl Spot cotton 10.60 f— _ Closing Bond Quotations (By tbs Associated frees) GOVERNMENT BONDS Treasury 3%s 45-43 Reg._108.16 3%s 46-44 - 109.15 348 46-44 Reg. _109.12 4s 54-44 - 113.28 3s 48-46 - 110.21 4-4s 52-47 _119.31 2s 47 - 104.30 2%s 51-48-:_108.12 2%- 53-49 - 105.20 2%s 52-50 _105.25 2%s 54-51_ 107.15 3s 55-51 _110.7 2%s 60-55 _107.24 2'is 65-60 _106.18 Federal Farm Mtg. 3s 49-44 _107.20 Home Owners Loan 3s 52-44 - 107.10 DOMESTIC AT and SF 4s 95_103% Can Pac 4s Perp___ 427/a Cand O 4%s 92 _122 C B and Q 4%s 77 . 77% Chi E Hi 5s 51 _ 13% Chi Gt West 4s 59 _ 27 Cri and P Rfg 4s 34_ 5% Clev Un Term 4%s 77C_ 66% Erie Pf 5s 67_ 11% Pla East Cst 5s 74__ 5% Hud Coa! 5s 62A ___ 29 Hud and Man Rfg 5s 67__ 40 int Mer Mar 6s 41 _ 58% Lou and N 4%s 2003 _ _ 90 NYC Rfg 5s 2013_II_56% Norf and W 4s 96 _123 Nor Pac Cs 2047 _ 57% Penn RR Gen 4%s 65 _101% Seab A L Cn 6s 45_ 3% So Pac Rfg 4s 55_ 55% So Ry Cn 6s 94 _ 87% So Ry Gen 4s 56___ 54 Third Ave 4s 60___ 54% West Md 4s 52 _ 81 FOREIGN Australia 5s 55__ 45 Australia 4%s 56___ 40 Belgium 7s 65 __ 47 Brazil 6%s 26-57 _ 10% Ger Govt 7s 49 _ 22% Italy 7s 51 _ 47 Japan 6%s 54_ 86% Orient Dev 5%s 58____ 52 Rio Gr Do Sul 6s 68_ 6% CHICAGO GRAIN CHICAGO, July 3 —UP)—Domestic wheat prices shot up as much as 3 to 5 cents at one time today in a sudden revival of buying inspired largely by crop complaints from the spring wheat belt. Chicago quotations scored net gains of 3 5-8 to 4 1-8 in the final hour but closed 2 3-4 to 3 1-4 higher than yesterday, July 78 1-4 to 1-8, September 78 3-4 to 7-8. Minneap olis prices rose as much as 4 3-4 to 5 1-8 and closed 4 to 4 3-8 net higher. The late reaction was at tributed to profit taking and even ing up for the holiday. A reduction of 12,000,000 bushels in the average of private crop esti mates of domestic spring wheat production attracted trade atten tion to the situation in the north west. Need of rain was stressed and rust was reported as far north as the Canadian border although crop experts said resistant variet ies apparertly have not been at tacked. Trade rumors indicated the Pacific Coast crop has deterior ated. Other grains rose with wheat, corn closing 3-4 to 1 1-4 higher, July 61, September 58 3-8 to 1-2; oats 1-2 to 3-4 up; soy beans 1 1-4 to 3 higher; rye 1 7-8 to 2 up and lard 10 to 15 higher. The weather forecast promised no moisture relief for the spring wheat zone and indicated temper atures would be higher. Crop ex perts pointed out that with plant growth luxuriant, ample moisture was needed to maintain crop pros pects. There also were claims of rust damage in Nebraska and Kan sas as well as loding in the Ohio valley due to excessive rains, Un wanted moisture in the southwest may delay harvest and cause some damage to winter wheat, ex perts said. The average ox six private esti mates of U. S. wheat production this season was 721,000,000 br ’s compared with the govemmei in timate a month ago of 728,0C\,,iHK) and a crop of 75,000,000 last year. The experts increased their winter wheat forecasts 10,000,000 bushels to 499,000,000 but their estimates of spring wheat were lowered 12,000, 000 to 222,000,000 bushels compared with 192,000,000 harvested last sea son. 1 Open High Low Close WHEAT: July _ 75 79% 74% 78% Sept _75% 79% 75% 78% Dec _76% 80% 65% 79% CORN: July _60% 61% 60% 61 Sept _57% 58% 57% 58% Dec _54% 55% 53% 55% OATS: ( Julv _31% 32% 31% 32% Sept _28% 29% 28% 28% Dec _29% 30% 29% 30% SOY BEANS: July __ 80 82 80 82 Oct _ 73 74% 73 74% Dec I_ 73 74% 73 74% RYE: juiv _41 43% 40% 43 Sept _42% 45% 42% 44% Dec _45% 47% 45 47 LARD: Julv _ 6.00 . 6.00 Sept _ 6.15 7.20 6.12 6.20 5rt _ 6.22 6.30 6.20 6.27 Dec _ 6.40 6.42 6.35 6.42 Jan __ —. 6‘50 BELLIES: 12 sept«•»» RICHMOND LIVESTOCK RICHMOND, Va., July 3 —W> Hogs—Market 25 cents higher than Tuesday. Good 180 to 225 pounds 6.05 to 6.25 lip. 100 to 120 lbs 4 225 to 4.75; 120 to 140 lbs. 4.75Jto 5 25; 140 to 160 lbs. 5.25 to 70; 160 to 180 lbs. 5.70 to 6.05; 225 to 250 lbs. 5.55 to 5.05; 250 to 300 lbs. 25 to 5.75; over 300 lbs. 5.1t to 65 Sows under 350 lbs. 4.50 to 5 00 over 350 lbs. 4.00 to 4.50. Cattle: Market steady. Medium dairy cows 4.50 to 5.50. Heavy sausage bulls 6.00 to 6.50, lights 5.50 to 6.00. Vealers steady. Top on good offerings 9.00. Top on good spring lambs 9.00, common and medium largely 8.00 down to 6.50. CASH GRAIN CHICAGO, July 3 — No cash wheat. Corn No. 1 yellow 64 to 66. Oals No. 1 mixed 35; No. 2, 34- No. 2 white 35 to 36*1-4; 34’3-4; No. 3 31 1-2; sample grade 33. Barley malting 48 to 52 nominal, feed 35 to 43 nominal. Soy beans No. 2 yellow 81 1-2; No. 3, 80 1-2 to 81; No. 4, 80; sample grade, 76. BLflACHABLE NEW YORK, July 3 — W Bleachable cottonseed oil futures closed 6 to 15 higher. Sales 36 .contracts. Jly. 6.20b; Sep. 6.27b, Oct .6.29; Dec. 6 33b; Jan. 6.36b. Shipping News ARRIVED Tanker Republic, 3,229 tons, from Texas City wath cargo gasoline for Repub lic Oil company. Cutter U. S. C. G. Modoc, 1,890 tons, from fishing trip to Gulf S'ream with state superior court judges aboard. Tanker and Barge H. M. Frederickson, 3,202 tons, towing barge Pure Oil, 1,310 tons from Texas City with cargoes of gasoline, Cape Fear Terminal com pany, agents. Tug and Barge Tug Ontario and barge Waukes hau, 2,220 tons, from Port Tampa with cargo of phosphate rock Heidr and company, agents. CLEARED AND SAILED Tug and Barge Tug Sampson and barge Bright, 2,011 tons, light for Port Tampa after discharging cargoes of ferti lizer materials for Royster Guano company, vessel to master. Barge Proctor, 1,888 tons, for Charleston with part cargo petroleum products after discharging part cargo for Southeastern Shipping Service. IN PORT Steamer (Italian) Vilarperosa, with pari cargo scrap iron. Barges Haroid, 790 tons, and Monocacy 740 tons, loading cargoes of lumber at the J. Herbert Bate Lumber com pany. INWARD BOUND Tankers A. S. Hansen, 3,202 tons, froir Beaumont with cargo gasoline £01 Cape Fear Terminal company. Motor Tanker Sharon, 2,927 tons, from Atrecc with cargo gasoline for Atlantic Refining company. Steamer Emilia, 2,912 ions, from Puerto Rico via South Atlantic ports with general cargo. C. D. Maffltt and company, agents. 1 N. Y. COTTONSEED OIL NEW YORK, July 3—(/P>—Cotton seed oil futures firmed in company with strength of hog and lard mar kets today. Most buying came from local operators evening up for t/.< holiday. A scarcity of contract: made prices respond easily tt small orders and new highs foi the current upward move were es tablished. Final prices were ahead 6 to li points on total sales of 32 con tracts. July finished 6.20b; Septem ber 6.27b; October 6.29; Decern ber 6.33b; January 6.36. (Bbid.l Crude oil in the southeast anc valley was 5 3-8 cents bids and ir Texas 5 1-8 nominal. 1 NAVAL STORES SAVANNAH, July 3 —tff)— Tur pentine firm, 20 1-2; offerings 158; sales 5,500 gallons; receipts 219; shipments none; stock 9,893 rosir firm; offerings 372; all sold; re ceipts 1,354; shipments 277; stock 170,276. Quote: B, 3.00; D, 3.03; E, 3.40; F, G. H. I, 3.67 1-2; K, 3.70 tc 77 1-2; M. 3.85; N. 4.60; WG, 4.95; WW, 5.50; X, 5.90. ’ 2 MARKETS TO CLOSE NEW YORK, July 3—UPh-Secur ities exchanges, commodity a n c livestock markets throughout th( country will close for Independ ence day tomorrow. Canadian anc foreign markets will be opened a: usual. COTTONSEED OIL NEW ORLEANS, July 3— tf) - Cottonseed oil closed steady Bleachable - prime summer yellov 6.10 nominal. Prime crude 5.12 1-2 July 5.70b; Sept., 5.78b; October 5.82b,; Dec., 5.87b. B—bid. SPOT COTTON Spot cotton closed quiet and un changed. Sales none. Low middlinj 9.75. Middling 10.75. Good midd dling 11.20. Receipts 6,420. Stocl 604,446. PEANUTS SUFFOLK, Va., July 3—WL-Pea nut quotations: jumbos 3.90 to 4 bunch 3 1-2 to 3.60; runners 3 1 ,o 3 3-8. Market remains inactive LARD CHICAGO, July 3 —W— Lari tierces 6.02; loose 5.12; bellies 6.12 * More Americans Are Seeing America First War or no war, Mr. and Mra America seem bent on choosing their own vacationland, according to Miss Minnie A. Payne, local manager of the Carolina Motor club, who said yesterday that travel to Mexico, Canada and Cuba is constantly in creasing despite doubtful conditions prevailing in those countries. “Rumors that passports are nec essary for Americans crossing the northern and southern borders ha- e no foundation at the present time,” she said, 'but conditions in the neighboring countries are so uncer tain and regulations so constantly changing that neither the Carolina Motor club nor the American Auto mobile association can assure safe travel conditions over any lengthy period.” ' NEW ORLEANS COTTON NEW ORLEANS, July 3.—(A1)— Trade buying, pre-holiday short cov ering and unfavorable weahter in the western belt advanced cotton fu tures prices today. Closing prices were very steady at net gains of 9 to 16 points. Open High Low Close July __ 9.84 10.03 9.84 10.03B Jlv (N) 10.16 10.28 10.16 10.23B Oct_ 9.34 9.44 9.32 9.43 up 9 Dec „ 9.17 9.28 9.17 9.27 up 11 Jan 9.03B_ _ 9.25B Mch „ 8.90 9.07 • 8.90 9.07 up 16 May „ 8.74 8.91 8.74 8.90B B-Bld. PRY GOODS NEW YORX, July 3—UR—Pros pects of higher woolen prices pro moted considerable covering on both men’s and women’s wear items in the woolen piece goods trade today. Garment manufactur ers reported fall lines met good response. Cotton goods selling agents re ported a quiet pre-holiday mar ket. Business in rayon fabrics was routine. Demand for silk fabrics remained slow. 1 Willie Boney Given Two Months On Farm Willie Boney, negro, drew two months at the county farm when convicted yesterday in recorder’s court on charges of disorderly con duct and resisting an officer. De fendant was granted a 10 day stay of execution and an appearance bond of $300 was required. Sentence of Joe Walker, alias Joe Brock, negro, of 117 North 11th street, who drew 30 days at the county farm on a charge of as sault with a deadly weapon on a female, was amended to read $10 fine and costs. Defendant was granted a 10-day stay of execution and an appear* ance bond of $100 was required. L*. A. Davis, negro, was found not guilty of a charge of larceny and receiving. J. W. Perrin Honored By A. C. L. Colleagues Retiring after 48 years of service with the Atlantic Coast Line rail road, J. W. Perrin, freight, traffic manager was honored Monday morn ing at a gathering of freight traffic department employes and officials of the Coast Line in the freight traffic department office. He was presented with a watch as a token of esteem frrm members of the freight traffic department and Mrs. Perrin, who was present for the ceremony, was presented with flowers. The presentation was made by C. McD. Davis, executive vice-president. BUTTER NEW YORK, July 3—UPl-Butter 1,014,814, about steady. Creamery: Higher than extra 27 1-2 to 28 1-4; extra (92 score), tubs 27 1-4, car tons 26 3-4 to 27; first (8 to 91), tubs and cartons 25 1-4 to 26 3-4; I seconds (84 to 87) 24 to 25. 1 SIDE GLANCES { COPR. 1»40 BY NEA SERVICE. INC. T. M. REG. U. S. PAT. OFF. “You know, Martha, I was dreaming last night how pleas ant it would be to have just one child who wasn’t so all fired healthy!" DAILY CROSSWORD ACROSS 16. Affirmative 32. Russian lumE'BOil 1. Mass of reply river |E|p|pmdi floating ice 19. Meadow 35. Conjunction IlIoIsIe |s| 5. Dolt (poet.) 38. S-shaped nHAjup 8. Ransack 21. Greeting worm |C-|0|M[g.]E[i 12. Owed, as 22. Ahead 39. Falsehoods grP.M' a debt 23. Melts 40. City in Penn 13. Metallic 24. Equine sylvania rock quadruped 41. Finnish IglEjAlwiAr 14. Fall behind 25. Anglo- poem isIpWljSli 15. Dray Saxon letter 43. Officer's glgli-M'rfi drivers 26. Body of assistant IsIlnBsIi IT. Fish spear water 44. An article _ . . 18. Satiate 28. Word of 45. Colors Te.terdsy1. 19. Manifold negation 47. Grampus 49. Genus of 20. Young hog 29. Weep 48. Siamese tortoises 24. Roman 30. Ever (contr.) coin 54. Toward s= wa f r r m 33. Idolize 5 6 7 ,77 8 ^ /Oil 34. Not deep __ __ __ '// __ 36. Norse god 12 ^ 13 * 7/, 'H 37. American __//, _ //; 38.SSluon 16 16 _ 18 47.S2S22T 50. Sea eagle ^ Lu. —— (jg. 51. Male sheep 2M 25 26 ^7 27 28 2*7 30 52. British river ___— 53. Vague 3! 32 yV 33 55. Town in ____ ___ __ // __ __ __ __ __ Prussia 34 35 TV. 36 56. Cereal grass __ ___ ; ,SST “Ill ; last- 3,w"' '%%%■*'*'** ‘■ssss.) 5. Excess of —- — — TT — — ry-, srr-— chances 50 5| // 52 6. Gentle __ _ __ _ _ _ __ _ — \ breeze 53 '/A 55 ?• DCftd m mm• mm mhb hrr ■■■ mm mmp £55? ili_ll^l l 11. Covered .7-<rf I with egg Distributed by King Feetures Syndicate. Inc. * J
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 4, 1940, edition 1
9
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