Newspapers / Wilmington Morning Star (Wilmington, … / July 6, 1940, edition 1 / Page 7
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l ED STOCKS SCORE GAINS IN SLOW TRADING SEVERAL ADVANCES REDUCED AT CLOSE Majority Of Traders Decide To Extend 4th Of July Re cess Through Monday BY FREDERICK GARDNER NEW YORK, July 5—(JV-Select ed stocks edged forward in to day's market but the advance was accomplished on the second small est volume for a full session in more than a year. There was a slight show of ac tivity in the first hour. Thereafter the ticker tape frequently slum bered and transfers for the five hours amounted to only 283 000 shares which, with the exception ot last Monday, was the lowest aggregate since July ?, 1939. Gains for several steels, air crafts, motors, rails and special ties. running to a point or so in the forenoon, were reduced at the close. The Associated Press aver age of 60 stocks ended up .2 of a point at 41.2 Traders in ooararooms were around the proverbial “bakers dozen.” the majority having de cided to extend yesterday’s Fourth of July recess through to Monday, street displayed a mild bullish trend which was attributed partly to the stronger British war at titude exemplified by the ham stringing of the French fleet. Then, too. a brighter domestic industrial picture was foreseen when rearm ament spending gets going on a big scale. Predictions of a snap-back in next week’s steel mill operations, expanding retail sales., widening orders for electrical equipment, and a seasonal upturn in the latest freight loading figures to a 1940 peak for the fourth successive week, were helpful'. Finishing on the upside were U. S. Steel, Bethlehem, Chrysler, Douglas Aircraft. Westinghouse, General Electric, N. Y. Shipbuild ing. White Rock, Great Northern, Brooklyn-Manhattan Transit and American Smelting. A shade un der water were Anaconda. Kenne cott. U. S. Rubber and Western Union. . . In a sluggish curb, gains of fractions were posted for Brewster Aero. Cities Service, and Ameri can Gas. Giving ground were Gulf Oil. Glen Alden Coal and Phoenix securities. The turnover here was around 53,000 shares against 85.000 Wednesday. 1 STOCK AVERAGES 30 15 15 60 lndust Rails Util Stocks Net change_a.2 a.l a.2 a.2 Friday _ 57.3 15.3 35.2 41.2 Previous day _ 57.1 15.2 35.0 41.0 Month ago 54.4 13.7 31.3 38.3 Year ago__ 65.6 17.5 36.7 46.2 1940 high_ 74.2 20.5 40.6 52.2 1940 low _ 52.3 13.0 30.9 37.0 1939 high_ 77.0 23 S 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 Low _ 33.7 16.9 61.8 IVhat Stocks Did Fri. Wed. Advances _ 243 273 Declines _ 123 172 l'nchanged _147 134 Total issues _ 513 579 RICHMOND LIVESTOCK RICHMOND, Va., July 5—(£1— Livestock; hogs—good and choice 180 to 225 pounds 6.30 to 6.50 top. 100 to 120 lbs. 4.50 to 5.00: 120 to 140 lbs. 5 to 5.50; 140 to 160 lbs. 5.50 to 5.95; 160 to 180 lbs. 5.95 to 6.30: 225 to 250 lbs. 5.80 to 6.30; 250 to 300 lbs. .50 to 6.00; over 300 lbs. 5.40 to 5.90. Sows under 350 lbs. 4.75 to 5.25; over 350 lbs. 4 25 to 4.75. Cattle—receipts light. Steer market active, steady. Bulk good steers 9 to 9.50, mediums 8 to 8.50, common down to 6.50. Grass—fat dairy type cows 4.50 to 5.50, can ners downward to 3.50. Heavy sausage bulls 6 to 6.50. Top on good and choice vealers 9.00. Top on strictly good spring lambs around 9.00, common and medium 8.00 down. 1 CASH GRAIN CHICAGO, July 5—(A>)—C ash "heat No. 2 red 82; No. 3, 81. Corn No. 2 mixed 72; No. 1 yel low 64 1-4 to 66; No. 1 white ’75 1-2 to 76. Oats No. 1 mixed 33 1-2; No. 2, S3 to 34; No. 3, 34; No. 2 white 35 1-2 to 36; No. 3, 34 1-2 to 35; sample grade 32 1-2 to 33. Barley malting 48-52 nominal; feed 35 to 43 nominal; sample grade 44. Soy beans No. 2 yellow 84 1-2; No. 3, 83 1-4 to 84; No. 4, 82 3-4. tivjsBrouL uunun LIVERPOOL, July 5—UR—S pot cotton in limited demand, prices 3 points higher; quotations in Pence: American, strict good mid c!llng 8.47; good middling 8.07; s,rict middling 7.92; middling 7.82; ^Wct low middling 7.67; low mid “‘ing 7.42; strict good ordinary ”'97; good ordinary 6.62. Futures closed unchanged to 2 July 7.34; Oct., 7.09; Jan., ”■82: March 6.74. 1 _ BUTTER NEW YORK, July 5—UP)—Butter •805.326, steady. Creamery: high cr than extra 27 1-2 to 28 1-4; extra - score), tubs 27 1-4, cartons . 3‘4 to 27; firsts (88 to 91), tubs <UI« cartons 25 1-4 to 26 1-2; sec onds (84 to 87) 24 to 25. 1 SPOT COTTON NEW ORLEANS, July 5 — MV Pot cottoq closed quiet and un tanged. Sales 65. Low middling "Addling 10.75. Good middling ^ Receipts none; stock 587,177. Closing Stock Quotations __ (By the Associated Press) Adams Exp __ 5 j_2 Ail- Reduct _" 39 4.4 Alaska Jun _ 4 4-3 At Cliem and Dye _Il48 1.2 Allis Chal Mfg _29 4.3 Am Can _~ 95 Am Car Fdy__ 23 — g Am For Pow _ 4 3_g Am Pow and Lt _I 3 4.0 Am Rad and St S * 6 Am Smelt and Ref _36 4.3 A T and T .. 3_g Am Tob B -- 77 3_4 Anaconda - « a™ 111-mum 4 si* A T and Sf _ , A -- 11 1-2 Atlantic Refinery - *>1 1 o tu?sf how -.« « Aviat Corp _ 4 . . Baldwin -111.1""” 14 1.’* B and O_ , , 7 Barnsdall _...IIIIH' g 'i'4 Bendix Aviat _ <,7 1 , Beth Stl_ 75 Boeing Airpl-IIIIIIIII 13 3-4 Borden _ 29 g.g Borg Warner_ 15 7.g Briggs Mfg-.'I 77 4'4 Budd Mfg - 3 -.g Budd Wheel _ 4 3.4 Burl Mills _IIIIII 14 3.4 Bur Add Mach_ 7 5.3 Calumet and Hec_HI 6 Can Dry_ ~~ 14 4_2 Can Pac_ 2 7_g Ches and O_ 30 7_g Chrysler -II-IIIIIIIH 63 3-4 Coca Cola_403 —uiuili Vr « Hi___ g J.jj Coml Credit _ 28 7-8 Coml Solv _ g 3.4 Comwlth & sou_ 4 4.4 Consol Edison _2g 3.3 Con Oil - 6 4.4 Cont Can _ 39 Corn Prod __ 4.3 Curtiss Wright_ g 7.g Curtiss Wright A_23 1-4 Del Lack and W_ 3 3.3 Doug Aire _g7 4., Dow Chem ___ DuPont _ 453 Eastman Ivod _ 443 Elec Auto Lt_34 4.3 Elec Pow and Lt_ 5 4.2 Freeport Sul_30 4.3 Gen Elec _______ 34 3.4 Gen Foods_41 Gen Mot _43 7_g Gillette __ 4 4.4 Glidden _ 43 4.3 Goodrich _43 4.4 Goodyear _45 Graham Pagie_ 11-16 Gt Nor Ry Pf ___ 22 7-8 Hud Mot _ 3 4.3 111 Cent _1__ 7 i_2 Int Harvest _43 4.; Int Nick Can _ 23 3-8 Int Tel and Tel __ 2 5-8 Johns Man_ 57 Kennecott ____25 Kroger Groc___ 30 4.4 Libby O F G1_36 1-4 1 Ligg and Myers B __97~ Loews _ 24 1-2 ■ u>ft -24 1-8 Lorilard - 21 3-8 Mack Truck -19 3-g McCrory Stores _13 1-4 Murray Corp _ 5 1.2 Nash Kelv _ 4 j.g Nat Bisc_19 Nat Cash Reg_12 Nat Dairy Prod_13 5_g Nat Dist_20 1-8 Nat Lead-16 5-8 N Y Cent_11 7-8 No Am Aviat_15 5-8 North Am _ 20 3-4 Nor Pac_ 6 3-8 Ohio Oil_ 6 Otis Elev_:_12 1-4 Packard _ 4 Param Pix_ 5 Penny J C -_78 Penn Dix_ 2 7-8 Penn Rr_ 19 7-8 Phillips Pet _-_32 Pitt Scr and B _ 5 3-4 Pub Svc N J_ 36 3-4 Pullman _21 3-8 Pure Oil _ 7 1-4 Radio _ 4 3-4 Rem Rand_ 7 1-4 Rep Stl _16 3-4 Reynolds B _36 1-4 Seab A L_ 3-16 Seab Oil_ 12 5-8 Sears _72 1-4 Socony Vac -_ 8 1-2 Sou Pac _ 8 1-2 Sou tty-11 3-8 Sperry _36 Std Oil Cal __18 1-2 3td Oil Ind_ 22 7-8 Std Oil N J __ 32 5-8 Stewart Warner_ 5 3-4 Studebaker _ 6 3-4 Swift__ 20 1-8 rex Corp _38 1-2 rex Gulf Sul _ 30 7-8 l'imken Det Ax_23 rrans and West Air_18 1-8 Jn Carb _ 68 Jnit Aire-31 7-8 Jnit Corp _ 2 Jnit Drug_ 4 Jnit Fruit _61 3-4 Jnit Gas Imp_12 1-4 JS Ino Aleo_IS 1-4 JS Pipe _25 1-4 JS Rub_ 19 1-3 JS Steel _ 51 1-4 Vanadium _ 30 3-4 lick Chern _ 38 Warner Pic _ 2 3-8 West Mary _ 3 1-8 Western Union_17 1-4 West Elec and Mfg_91 Wilson_ 4 1-2 Woolworth _32 1-4 fell T and C _12 iTounga S and T_31 3-8 Total sales, 283,030. CURB tsso G & El A.. 3-16 Jan Marconi _ 5-8 Jities Service___..... 5 1-8 31 Bond & Share_ 5 7-8 Julf Oil _ 27 3-4 STOCKS IN THE SPOTLIGHT NEW YORK, July 5—(iP>—Sales, closing price and net change of the fifteen most active stocks today. Packard 19,900; 4, a%. Bklyn Man Tr 18,200; 23%, a 74. United Aire 7,900; 3174, d%. Loft 6,600; 24%, d%. Curtiss Wright 5,800; 6%, a%. Int Mer Marine 5,700; 7%, a%. Kennecott 4,700; 25, d‘4. N Y' Central 4,300; 1174, aJ,4. General Motors 3,900 4274, a1,4. General Elec 3,800; 3174, al. U S Steel 3,400; 51%, a%. United Corp 3,100; 2 no. Com’vslth and South 2,900; 1%, no. White Rock M Sp 2,500; 6-74, a%. Aviation Corp 2,500; 4 74, no. NEW YORK SUGAR NEW YORK, July 5—Itfl—1Trad ing interest in sugar switched to the raw market today as sales to tals mounted. About 12,000 tons of Cuban, Puer to Rican and Philippine raws sold at 2.70 cents a pound, a 5-point decline in the spot price from the last reported sale. Thousands of tons also sold for other shipment dates. Futures slipped down although many hedges were lifted as a re sult of the raw business. The domestic list closed 1 to 2 points lower on turnover of 4,050 tons. Producers sold and specula tive liquidation developed. World futures ended 1-2 to 2 points lower on sales of 3,550 tons; Sept., .9b, Dec., 1.02 l-2b. Switch ing deals accounted for most busi ness. Refined remained at 4.50 cents a pound in eastern territory. Local refiners also withdrew recent con cessions in competitive selling areas. 1 No. 3 range follows: High Low Close Sep. _ 1.80 1.79 1.79b Jan. _ 1.87 1.87 1.87b b—Bid. N. Y. COTTONSEED OIL NEW YORK, July 5—UP)—1The cottonseed oil futures market balk ed today after early buying carried prices briskly forward. Final quo la tions were down 3 to 10 points. Strength in hogs and the advance in lard stimulated morning de mand but when buying waned, the market fell back. Sales totaled 54 contracts: July 5.10b, Sept., 6.23b, Oct., 6.26b, Dec. B.30b, Jan., 6.32b. (B—bid). Crude oil was quoted 5 3-8 cents a pound bid in the southeast and valley, and 5 to 5 1-8 nominal in Texas. 1 EGGS NEW YORK, July 5—IIP)— Eggs 17.289; firm. Mixed colors: fancy to extra tancy 19 1-2 tc 23 1-2; extras 18 3-4 to 19; storage packed firsts 17 to 17 1-4; graded firsts 16 1-2 to 3-4: current receipis 16: mediums 15 ; 1-2; dirties No. 1, 15 1-4; average :hecks 14 1-4 to 1-2, 1 ; NEW YORK COTTON NEW YORK, July 5—(,?)—July cotton futures dropped sharply to day in a rush to liquidate holdings in the spot month. Old July lost 24 points and new 22. Later deliv eries dipped only 1 to 4 points. In the rush to sell, around 25, 000 bales of old July were liqui dated, traders estimated. Only 4 delivery notices were is sued and observers were a little puzzled over severity of the de cline. Some suggested pressure was based on fears more cotton, of a grade untenderable on new typt contracts, would be certified for delivery before July expires on the 17th. Relative firmness of later months was based on reports of further unwanted rains in sections of the belt and talk of a higher govern ment cotton loan rate. Business in Worth street textile markets was at a standstill as many houses closed for a long holiday. Exports Wednesday and Thurs day 21.235 bales; season so far 6,330,806. Port receipts 1,834; port stocks 2,462,140. Range follows: 1 NEW: Open High Low Close Inly 10.27 10.27 10.22 nlO.lu Off 22 Oct. ... 9.40 9.46 9.35 9.35 Off 4 Dec._ 9.26 9.32 9.22 9.22 Off 1 Jan. 9.16 9.20 9.16 n9.13 Off 2 Mgrch _. 9.04 9.11 9.00 9.00 Off 1 May ... 8.39 8.93 8.84 8.81 Off l OLD: July __ 10.07 10.07 9.85 9.86 Off 24 n—Nominal. Spot nominal; middling ("a inch) 10.46. POTATOES CHICAGO, July 5 —Iff)—(U. S. Dept. Agr.) — Potatoes, arrivals 242; on track 422; total U. S. ship ments, Wednesday 31, Thursday 367; supplies heavy; demand fair; market steady; California long whites U. S. No. 1, 2.15 to 2.20; Idaho bliss triumphs U. S. No. 1, 2.05; North Carolina cobblers U. S. tioma bliss triumphs, fair to gen erally good quality 1.45 to 1.5; Alabama bliss triumphs U. S. No. L, 1.65 to 2.10; Missouri cobblers, Eair to generally good quality 1.10 to 1.30; Missouri bliss triumphs, Eair to generally good quality 1.15 ;o 1.25; Kansas cobblers, fair qual ty 1.00 to 1.12 1-2. 1 MIDDLING COTTON NEW ORLEANS, July 5—(A*)— Hie average price of midd.Vig 5-16 inch cotton at 10 southern ;pot markets today was 12 lower it 10.49 cents a pound; average or the past 30 market days was 0.45. Middling 7-8 inch average vgs 10.30 cents a pound. 1 PEANUTS. SUFFOLK, Va., July 5—(A>)— Pea lut quotations: jumbos 3.90 to 4; >unch 3 1-2 to 3.60; runners 3 1-4 o 3 3-8. Market remains quiet. , ADVANCES SCORED BY RAIL ISSUES Move Upward In Thin Bond Market To Steady Whole Corporate List NEW YORK, July 5—W—Rails moved upward briskly in a thin bond marlmtoday, steadying the whole corporate list. Wall street observers said the preference for the carriers un doubtedly arose from the fact that freight carloadings last week reached their highest point of the year and analysts indicated they believed they may go higher. Gains of 1 to 4 points were gen eral among the rails, and some in dustrials benefitted from the for war surge. rr -actions, however, con tinued small. The day’s total was $4,740,600, face value, compared with $4,601,500 Wednesday. Among the best gainers were Southern Pacific 4 l-2s of ’68 at 39 3-8; Northern Pacific 6s at 59 3-8; Nickel Plate 5 l-2s at 63 1-2. and Woolworth 4s at 61 1-2. U. S. governments, only lightly traded, closed 2-32 point higher to 6-32 down. Foreign government bonds, with the exception of a few Latin Americans, slipped. French 7 l-2s dropped 30 points on three sales, Belgian 6s fell 10. Italian and Ger man issues declined a point or so. 1 BOND AVERAGES 20 10 10 10 Rails Indust Util For. Net change — a.7 Unch Unch dl.i Friday - 55.7 102.4 95.3 37.0 Previous day _ 55.0 102.4 95.3 38.1 Month ago ... 49.0 99.1 91.8 3>* Year ago _ 55.7 100.2 96.1 61.3 1940 high- 59.9 103.6 97.5 53.5 1940 low _ 48.3 98.9 90.3 35.1 1939 high_ 64.9 102.0 97.5 64.0 1939 low,_ 53.4 95.8 90.4 41.7 10 Low Yield Bonds Friday -,111.4 Previous day_111.4 Month ago ..._109.0 Year ago _112.5 1940 high _113.2 1940 low _ 108.4 1939 high _ 112.6 1939 low _ 103.6 CHICAGO LIVESTOCK CHICAGO, July 3—OPI—Hog prices advanced for the seventh consecutive session today, lifting the top to $6.60, the best level since April. Cattle were steady. The sheep and lamb market gen erally fell off 25 cents. In spite of the intervening holi day, no overloading was noted and fresh offerings were held down to normal Friday requirements. Prices advanced 15 to 25 cents and a* much as $1.30 since the upswing began early last week. Chief factors attributed by live stock men to the strength of the market were reports of a smaller pig crop, recently diminished re ceipts, fair consumer demand, British lard buying, and govern ment relief purchases of pork products. Choice wholesale light loins were up a cent a pound today at 17, the highest since the end of April as compared with 12 1-2 ten days ago. Fed steers and yearlings were steady and fairly active. Grain fed heifers were fully steady. Most fed steers sold at $9.75 to 1.00. Cows were steady to 15 cents lower. Fat yearlings and sheep were also 25 cents lower. (U. S. Dept. Agr.l—Salable hogs 8.000; /total 13,500; market active to all; 15 to 25 higher than Wed nesday's average; spots up more on medium weight and heavy butchers; bulk good and choice 180 to 270 lbs. 6.25 to 50; few load medium weight butchers 6.5 to 60; top 6.60; best 270 to 330 lbs. averages 5.90 to 6.35; most good packing sows 360 lbs. down 5.25 to 50; few 5.60; heavier kinds largely 4.75 to 5.25; shippers took 3,000; holdovers 500. Salable cattle 2,000; calves 1, 000; . fed steers and yearlings steady, fairly active; fully steady market on strictly grain fed heif ers; all grassy and short fed steers and heifers less active than early in week; instances a little lower on steers selling at 9.00 down and heifers at 8.00 down; most fed steers 9.75-11.00 today; several loads 11.25 extreme top five loads light choice Illinois fed steers 11.50; choice heifers 10.60; several loads and short loads 10.00-50; grassy kinds 8.50 down to 7.00; cows steady to 15 lower; grass stock kinds selling at 6.50 down showing most decline; practical outside on weighty cutter cows 5.50; canners mostly 4.50; strictly dry fed choice cows up to 8.00; uuna wcdft. iu id luwcij lUUSliy 6.75 to 7.00 on weighty sausage of ferings; best around 7.15; vealers steady at 10.00 down; stock cattle steady; 25 higher than late last week with supply small. Salable sheep 3,000; spring lambs weak 25 lower; fat year lings and sheep 25 lower; best na tive springers 10.50; six doubles handyweight Idaho slightly sorted 10.25; native throwouts 8.25 to 75; mostly; handy weights fed shorn yearlings 8.25; aged wethers 6.35: bulk fat native ewes 2.25 to 3.00. 1 NEW ORLEANS COTTON NEW ORLEANS, July 5— </P) — ] Cotton futures declined today under ( long liquidation and easiness in , wheat. Closing prices were steady, , 3 to 4 points net lower. ‘ Open High Low Close * July __ 10.13 10.13 9.87 1)9.85 < July f (new) bl0.23 _ _b9.92 ] Oct. ... 9.44 9.48 9.39 9.40 Off 4 , Dec. ... 9.28 9.33 9.25 b9.24 Jan. _. 1)9.16.. b9.12 March . 9.12 9.12 9.11 b9.03 May ... 8.94 8.95 8.87 8.87 Off 3 b—Bid t Flood In East Texas—9 Die Here is a view at Main Street, Hallettsville, Texas, 120 miles east of ?.an . t0J?°i jhjwmg the height to which flood waters went in the I2ilip58:e tllat *.0,Iovved sixteen hours of rain. In addition to high prop erty damage, nine lives were lost in the flood. F y Closing Bond Quotations (By the Associated Fress) GOVERNMENT Treasury 3?s 43-41 March _102.30 314s 40-43 - 108.18 314s 46-44 _109.14 4s 54-44 _113.26 214s 47-45 -III 108.30 414s 52-47 _ 119.25 2*s 53-49 - 105.17 3s 55-51 _ 110.6 214s 53-51 _ 103.20 2&S 60-55 _ 107.23 2%s 63-08 . 106.10 2&s 65-60 _ 106.15 Federal Farm Mtg. 3s 49-44 _107.19 DOMESTIC Can Pac 4s Perp_ 43% Chi E 111 5s 51 _ 13% Chi Gt West 4s 59 - 27% Cri and P Rfg 4s 34_ 514 D and Rg West 5s 55- 2 Erie Rf 5s 67 -- 12 Hud Coal 5s 62a __ 29 y. Hud and Man Rfg 5 s57_ 39% Int Mer Mar 6s 41_ 60 Bou and 4 4%s 2003 _ 91 Mk and T Adj 5s 67_ 4% NYC Rf 5s 2013 _ 57% Nor Pac 6s 2047 _ 59% Penn RR Gen 4%s 65_101% Purity Bak 5s 48_103 Seab A1 Cn 6s 45_ 4% So Ry Cn 5s 94_ 88 So Ry Gen 4s 56 .. 55% Third Ave 4s 60 _ 54% FOREIGN Australia 5s 55 _ 45% Australia 4%s 56 - 39% Belgium 7s 55 _ 47 Brazil 6%.s 26-57 . 10% Ger Govt 7s 49 _ 21% Italy 7s 51 ____ 44% Japan 6%s 54_ 86 Orient Dev 5%s 58- 52 Rio Gr Do Sul 6s 68_ 6% CHICAGO GRAIN CHICAGO, July 5—UP)—Heavy re ceipts o/ wheat at principal south western markets where the 1940 harvest is in full swing helped to depress domestic prices today. The market also had to contend with profit taking sales as a result of forecast of partly cloudy weath er and probably showers in the spring wheat belt where moisture is badly needed. Many traders who bought Wednesday during the price advance sold today. After rising as much as 1 1-2 cents early in the day due to fail ure of moisture relief to material ize over the week-end, wheat tum bled 2 1-4 to 2 3-8 from the highs following the forecast and when hedging sales against the heavy movement of new grain increased. Wheat closed 3-4 to 1 1-4 lower than Wednesday, July 77 1-4 to 3-8, Sep tember 77 3-4 to 7-8. Kansas City prices were 1 1-8 to 1 5-8 cents lower. Corn finished 1-4 to 1-8 higher, here, July 61 5-8, September 58 3-4 to 7-8; oats 1-4 to 1-2 lower; rye 3-8 to 7-8 lower and lard 5-8 higher. Chicago received four cars of new wheat, the first to arrive here this season, coming mostly from Indiana. One car graded No. 3 red, testing 57 1-2 pounds and 11.8 per cent moisture. Including ac cumulated grain during the holi day, receipts at the 12 principal terminals totaled 7,361,000 bushels, the largest since the new crop movement began, compared with 1,481,000 a week ago and 4,741,000 a year ago. Kansas City had 3,076 cars compared with 1,403 a year ago, and arrivals at Wichita, Sa tina, Hutchinson, Ft. Worth, Enid and Amarillo also were larger than a vear aeo. 1 Open High Low ClOBe WHEAT: July -78% 79% 77% 77% Sep. -79% 80 77% 77% Dec. -79% 80% 78% 78% CORN: July -61% 61% 60% 61% Sep. -- 58% 59 58 58% Dec. _55% 55% 54% 55% OATS: July _32% 32% 31% 31% Sep. _29% 29% 29% 29% Dec. -30% 30% 30 30 SOY BEANS: July _83% 83% 82% 82% Oct. _73% - - 73% Dec. _75% 75% 73% 73% RYE: ruly _ 43 43% 42% 42% Sep. _ 45 45% 43% 43% Dec. _ 47 47% 46 46% LARD: ruly _ 6.07 Sep. _ 6.22 6.25 6.22 6.25 Oct. _ 6.32 6.35 6.30 6.32 Dec. _ 6.50 6.52 6.47 6.50 Ian. _ 6.55 BELLIES: ruly _ 6.32 HOGS BALTIMORE, July 5—(M— (U. S. Dept. Agr.J—Hogs 850; 25 higher. Jood and choice 170 to 210 lbs. i.5 5to 6.90; practical top 6.90; 20 to 240 lb. 6.40 to 6.5; 250 to 0 Olbs. 5.90 to 6.45; 150 to 160 lbs. .25 to 6.50; 140 to 150 lbs. 6.00 to .25; 130 to 140 lbs. 5.75 to 6.00: 20 to 130 lbs. 5.50 to 5.85; packing ows 4.75 to 5.25. 1 CHARLOTTE COTTON CHARLOTTE, July 5—(*—Spot otton 10.70 I Shipping News arrived Motor Vessel (Norwegian) Fjordheim, 2,497 tons, from Tocopilla, Chile, with cargo of nitrate of soda, Fryde For warding company, agents. Steamer Emilia, 2,912 tons, from Puerto Ri co and South Atlantic ports with general cargo, C. D. Maffitt and com pany, agents. CLEARED AND SAILED Tanker H. M. Feederic^cson, 3,202 tons, for Norfolk after discharging part car go of gasoline, Cape Fear Terminal company, agents. Republic, 3,229 tons, for Savannah after discharging part cargo of gaso line for the Republic Oil company. IN PORT Steamer (Italian) Villarperosa, with part cargo scrap iron. Barges Harold, 790 tons, and Monocacy 740 tons, loading cargoes of lumber at the J. Herbert Bate Lumber com pany. Pure Oil, 1,310 tons, discharging cargo of gasoline. Cape Fear Term inal company, agents. Cutter Modoc, 1,290 tons, U. S. coast guard cutter, docked at custom house wharf. Tug and Barge Tug Ontario and barge Wauke shau, 2,220 tons, discharging cargo of phosphate rock, Heide and com pany, agents. INWARD BOUND Tankers A. S. Hansen, 3,202 tons, from Beaumont with cargo gasoline for Cape Fear Terminal company. Motor Tanker Sharon, 2,927 tons, from Atreco with cargo gasoline for Atlantic Refining company. Motor Vessel (Swedish) Anita, 1,408 tons, from Buenos Aires, Argentina, and San tos with cargo of fertilizer materials. Tanker Chilbar, 3,090 tons, from Houston with cargo of gasoline for the Shell Oil company, Cape Fear Shipping company, agents. NAVAL STORES SAVANNAH, July 5—M—Turpe tine firm 20 1-2; offerings 178; sales 5,150 gallons; receipts 311; shipments 60; stock 10,144. Rosin irm; offerings 379, all sold; re ceipts 1,424; shipments 939; stock 170,761. Quote: B, 2.95; D, 3.00; E, 3.35; F\ G, H, I. 3.60; K. 3.65; M, 3.75; NT, 4.50: WG, 4.90; WW, 5.45; X, >90. N. O. COTTONSEED OIL NEW ORLEANS, July 5 —CAS— Cottonseed oil closed steady. Bleachable prime summer yellow 510 nominal. Prime crude 5.12 1-2. July, 5.75b, Sept., 5.75b, Oct., 5.77b, Dec., 5.81b, Jan., 5.82b 1 * FOREIGN EXCHANGE NEW YORK, July 5—(MV-The free British pound dropped 14 cents today in a foreign money market virtually devoid of buyers and sellers. The Canadian dollar swung far in the opposite direction, gaining 2.81 1-4 cents to 87 3-8 U. S. cents. The Swiss franc dipped .01 of a cent. Banking quarters emphasized the smallness of trade in explain ing the wide fluctuations. Rates were sensitive to transactions in volving only a few thousand dol lars, they said. Closing rates follow (Great Brit ain in dollars, others in cents): Great Britain, cables 3.68; Fin land 2.05n, Gerhany 40.10n, (ben evolent) 18.95; Greece .69; Hun gary 17.65n, Italy 5.05; Portugal 3.82n; Rumania .52n; Sweden 23.88; Switzerland 22.67; Yugosla via 2.35n. Argentina official 29.7. free 21.35; Brazil official 6.05, free 5.10; Mexico 20.50n. Japan 23.48; Hongkong 23.25; Shanghai 8.25. (Rates in spot cables unless oth erwise indicated.) Nnominal. 1 CHICAGO BUTTER CHICAGO, July 5—(MV-Butter 1, 321,739, firm; creamery, score 93, 27, 92 score 26 1-2; 91 score 26 1-4, 90 siore 26, 89 score 25 1-2. 88 score 24 3-4, 90 centralized car lots 26 1-2, eggs, 19,025, firm, fresh graded, extra firsts, local 16, cars 16 1-4, firsts, local 15 1-2, cars 16, current receipts 14, dirties 12 1-2, checks 12 1-4, storage packed ex tras 17, firsts 16 1-2. 1 POTATOES BALTIMORE, July 5—(MV-Pota toes: new, very dull; bushel bask kets cobblers U. S. Is 65t o7 5; barrels cobblers U. S. Is 2.00 to 2.15; W. Va. barrels cobblers U. Sweet potatoes: dull. Un S. Is 1.85 to 2.00. Few higher, changed. 1 LARD CHICAGO, July 5—OP)—L a r d tierces 6.12; loose 5.20; bellies 6.37. 6.37. BARCLIFT SPEAKS BEFORE EXCHANGE Origin Of Methodism And Movement In Wilmington Are Described The origin of Methodism In Wil mington was discussed by the Rev, C. D. Barclift. pastor of the Fifth Avenue Methodist church, in a tails before the weekly luncheon session of the Exchange club, yesterday at the Cape Fear hotel. The Rev. Mr. Barclift gave a his torical resume of the movement of Methodism in the Wilmington sec tion since 1772 and cited the in terest of pioneers .In religious ac tivities following the days of the Revolutionary War. The speaker paid tribute to Wil liam Meredith, a missionary to the negro slaves, whose efforts resulted in the humble beginnings of Metho dism in Wilmington during the dec ad • of 1790 to 1800. Methodism gradually expanded in Wilmington until today there are five separate pastoral charges, a church membership of between 3,500 and 4,000, and physical properties having a valuation in excess of half a million dollars, the Rev. Mr. Bar clift said. Charles L. Lowrimore, president of the club, presided, Edward T. Jones was the program chairman for the meeting, and the Rev. Mr. Barclift gave the invocation. The club voted to hold a stag party on Friday evening, July 19, with J. Arthur Brown as chairman of the entertainment committee, which is also composed of Lewis Weinberg, Dr. C. A. Thomas, and F. L. Brooks DRY GOODS NEW YORK, July 5—MV-1Trad i ing was small in the textile dis I trict today with many houses I closed for the week end. 1 _SIDE GLANCES -r , - I COPH. 1X0 BY HE* SERVICE; INC, f. M. BEG. U. S. PAT. Off. 7'* I '“I’ll bid six who do you suppose I saw walking down the street this afternoon spades.” DAILY CROSSWORD ACROSS I. Kind of tree 6. Feelers 10. Egress II. Infrequent 12. Crinkled material 13. Dropsy 15. An ear shell 16. Large 17. Cleansing utensils 18. Deny 21. Branch of " learning 40 A 23. Killed 24. To fail to pay 27; Source of light 30. Section of Manhattan 31. Piece of skeleton 32. Openings (anat.) 33. Barred (Fr.) 34. Small bundles of hay 37. Went astray 38. Roman emperor 39. Region 40. Mill for grind ing grain 42. Antlered animal DOWN 1. Game birds 2. Enunciate 3. Masurium (sym) 4. Land measure 5. Dressed 6. Fear i 7. Free from duty 8. Gloomy space (myth.) 9. Descendant of Shem 12. State of in sensibility 14. Grown old L8. Kingdom L9. Send forth !0. Merriment !2. A color !3. Salt 24. Arab boat 25. Fastening line for a sail (naut.) 26. British Columbia river 27. Yellowish brown 28. Fanciful 29. Require 31. Scotch novelist 33. Rays 35. Neat Yesterday’* diner 36. Passable 41. Toward wm1 2 3" 5 Mi W_T ~ 111 l10 III_I ^ f/7/VA n 7^ is n 20 21 ^ 22 ZMzzzzz.mr 2H 25 26 >Z 21 2© 3*-^sT IT 32> 36 ^ 31 11 1 Ml Distributed by King Features Syndicate. Inc. 9
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 6, 1940, edition 1
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