Newspapers / Wilmington Morning Star (Wilmington, … / July 12, 1940, edition 1 / Page 9
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rally in stock market fails to follow through early advances SUFFER SLASHES associated Press Average Of ‘jo Issues Is Unchanged At 41.2 Points IJ, 111EDEBICK GARDNER Nl.u- viikK. July 11.—(JP)—Steels , aircrafts got an early toe-hold roiiv in today's stock market nil » bl„ failed to follow through. ‘inf in the first hour, when ac !‘y was tlie best of the session, .. ,more points for favorites. Lb‘c|, were chipped down to minor in most cases at the close, ! ,ol" small minus signs were fairly I.,11 distributed. Th(, Associated Tress average of | ' unchanged at 41.2, the 'l';,.,] successive day in which this „e has remained on dead l"nti,r The forenoon pickup in vol l'ii' lltlt i he turnover at 328,330 .in l«t red with 282,140 yester (jjl V. ' The stab at recovery was attribut I , palinly to word from Washington jbf administration would push de lV,nse spending rapidly, spread ex nrufits taxes to all lines and rot cose I‘J a... armaments makers, and permit lM]njtj„ns manufacturers to write off , Mansion costs over a 5-year period. ]n addition, a move was reported o profits limitations imposed on H.ont aircraft find shipbuilding contracts. Traders while feeling a bit better, lookers said, still inclined to keep i ovine ammunition dry pending out come of next week's national demo cratic convention and possible new European war shifts. Tilting upward • fractions to a point or so in the cflrb were Brew er ,\ero. Cities Service, Fairchild Engineering and Aircraft, Humble Oil, Bath Iron Works and Bell Air craft. Transfers here were around HI,mm shares against 79,000 the day before. STOCK AVERAGES 30 15 15 60 Indus Rails Util Stks Net change - d.l a.l a.l unch '|']i vsdav_ 57.3 15.4 35.4 41.2 J‘re day 57.4 15.3 35.3 41.2 Month ago - 56.4 13.8 32.4 39.6 Vem ago_ KS.l 18.5 38.3 48.1 potfi high — 74.2 20.5 40.6 52.2 pipi low _ 52.3 13.0 30.9 37.0 JS3S high — 77.0 23.8 40.6 53.9 po‘A low _ 58.8 15.7 33.7 41.6 fill Stock Range Since 1927: 1937-38 1932-36 1927-29 Emh _ 75.3 72.8 157.7 low _ 33.7 16.9 61.8 What Stocks Did Thur. Wed. Advances _ 227 194 beelines _'._ 169 211 Tnchanged _ 205 158 Total Issues _ 601 563 FOREIGN EXCHANGE NEW YORK. July 11— W —Con tinuing its wide fluctuations in a thin market, the free British pound dropped 7 1-2 cents in terms of the dollar today. Dealers said the sharp decline ap parently had little significance be cause the rate for some time has been susceptible to sudden swings on appearance of bids or offers. The open-market rate of the Cana dian dollar went counter to the ster ling quotation, rising 1-8 cent to 85.62 1-2 U. S. cents. The Swiss franc eased slightly. Closing rates follow (Great Bri tain in dollars; others in cents): Great Britain, cables 3.66 1-2, Fin land 2.9511, Germany 40.10n, (bene volent) IS.40. Greece .68n, Hungary I'.lion. Italy 5.05. Portugal 3.74, Ru mania .52n. Sweden 23.88, Switzer land 22.i:7. Yugoslavia 2.35n, Argen tina official 29.77. free 21.40, Brazil ’■ifieial fi.it.T. free 5.10, Mexico 20.35n, ■iapan 23.48, Hongkong 23.00, Shang hai (1.19. lhaif-s in spot cables unless other Use indicated.) j 11—Nominal. CHICAGO POTATOES CHICAGO, July 11.—UP)—(U. S. Dept. Agr.)—Potatoes. arrivals 1)3; on track 310; total U.S. ship ment 889; supplies moderate; de nand light: for California long whites market steady, offerings athcr section market slightly weak !r: California long white U. S. No. 1; 2.50; Idaho bliss triumphs U. S. x'-' 1. 1.97 1-2 to 2.05: Virginia gobblers U. S. No. 1, 1.50 to 1.60; A’Uisiana bliss triumphs U.S. No. ■ 150; Missouri cobblers fair to ^od quality 1.10 to 1.30.; Kansas ’obblers fair quality 1.10 to 1.15. 3 Richmond livestock Richmond, va., July u— vq — Hoas—good and choice 18 to 225 Pounds 55 to $6.75 the top. 100 120 lbs. 4.75-5.25; 120-140 lbs. 5.25 5'3: 140-160 lbs. 5.75-6.20; 160:180 “s- 0.20-6.55; 225-250 lbs. 6.05-6.55; CjMwi lbs. 5.75.6.25; over 300 lbs. e-G'-o. 1sows under 350 lbs. 5.00 6'S“: over 350 lbs. 4.50-5.00. . ' ,ltIe—Grass fat dairy type cows •0"-l,.ao, cutter and common mainly ■•'■"M.30. Weighty sausage bulls ^■lostly 0.00-6.75, light fleshed kinds ' Vealers, good and choice Lambs around 9.00. XtW OKI.KAN'S COTTON Cmt'U url-EANS, July 11.—UP)— ,011 futures advanced today on lipu.'i flying and continuing wet Ti-i^iler 1,1 the eastern belt. Closing 'b lip8 "erp stea(iy’ 2 to 5 points net Juii Open High Low Close ,l„ j. ,7, MOB—. .... 9.68B 0,5 ,X> ;,.77B-■ 9.75B — 9.52 9.53 9.48 9.50 up 2 la — 9-36 9.36 9.33 9.36 up 5 1; - »-24B- 9.24B jla . ■- -'.IS 9.13 9.12 9.12 up 3 Julv ,Vi i *'S7 S-,'? * 04 FS ? ' I' W- S.79A “Asked; B-Bid. Closing Stock Quotations _ (By the Associated Press) Adams Exp_ - „ Adams Millis_ 1R Air Reduct .... i Alaska Jun_- — " ^ A1 Chem and Dye_”1 "l45 Alleghany_._ „1R Allis Chal Mfg ~ 30 ' Am Can ........._... . 94 4.2 Am Pow and Lt_~ 3 7.8 Am Car Fdy ..._..._ ■ 93 4.8 Am Rad and St S_~~~ '5 3.4 Am Roll Mill_“* 44 Am Smeli and Ref _35 4.4 Am Sug Ref_43 A T and T-459 4.4 Anaconda __ 1-2 Arm 111_ 4 A T and Sf_“ 16 A c L —- 11 3-4 Atl Ref _21 1-4 Aviation Corn ...._ 5 Baldwin _ 44 4.4 B and O _ 3 7.3 Barnsdall __ 8 1-4 Bendix Aviation _97 3.3 Bethlehem Steel _75 Boeing Airplane _ 44 4.3 Borden _ 49 Borg Warner _45 4.2 Briggs Mfg _... 47 4.4 Budd Mfg _ 3 5.8 uuuu »» ucci - 4 0-5 Burl Mills _14 3.4 Bur Add Mach_ 7 3.4 Calumet and Hec _ 5 5-8 Can Dry _14 1.0 Can Pac _ 2 7-8 CaBe J I ___47 1.2 Caterpil Tractor _ 45 3.4 Chas and Ohio _ 36 7-8 Chrysler _ 63 5-8 Colum G & E _ 6 Coml Credit_28 1-2 Coml Solv _ 8 7-8 Comwlth & Sou ......._ 1 1-2 Consol Edison__28 1-8 Con Oil _ 6 1-2 Cont Can _ 39 1-4 Corn Prod___ 48 1-2 Curtiss Wright ............. 6 7-8 'Curtiss Wright A ........... 24 Doug Aire_ .... 68 1-2 Dow Chem_........ 153 DuPont _ ...168 Eastman Kodak _119 3-4 Elec Auto Lt ............... 32 Elec Pow & Lt_ 5 5-8 Freeport sul_ 30 3-4 Gen Elec _31 Gen Foods -..._42 1-8 Gen Mot _43 1-4 Gillette _ 4 1-4 Glidden .. 12 3-S Goodrich . 12 3-8 Goodyear _14 1-2 Graham Paige_ — 11-16 Gt Nor F.y Pf .—. 22 5-8 Hupp Mot - 9-16 111 Central .. 7 5-8 Int Harvest-43 1-8 Int Nick Can -- 24 Int Tel & Tel - 2 5-8 Kennecott --—-—..... 23 Kinney _ — 23 Kroger Groc _..—--- 30 1-2 Libby O PG1-37 1-2 Ligg & Myers B_:-98 1-2 Loews _....— -- 24 Loft :...- 24 Louis & Nash __ 52 Mack Truck -_-19 1.4 McCrory Stores _13 i.s Mont Ward,_ 38 3.4 Murray Corp ..._ 5 4_4 Nash Kelv _ 4 i.g Nat Biscuit _ 18 i.g Nat Cash Reg___H 7.3 Nat Dairy Prod _13 1.3 Nat Dist _21 Nat Lead ...- 15 3.4 Nat Pow and Lt_ 7 7.3 N Y Cent __.....___... 11 3-4 No Am Aviat_16 i-8 North Am-- 1-8 Nor Pac - 6 1-4 Ohio Oil _ 6 1-4 Otis Elev __ i_2 Pac G and E_ 29 5-8 Packard _ 3 3.4 Param Pf _67 ?-8 Penny J c-1. 76 1-? Penn Rr __20 Phillips Pet_ 31 Pitt Scr and B_ 5 ".ft Pub Svc N J_37 1-8 Pullman _ 21 1-4 Pure Oil _ 7 3.8 Radio _ 4 3.4 Rad K O _ 3 Rem Rand _ 7 1-8 Republic Steel__16 1-2 Rpvnnltlc T? 9C 1 p Seab A L ...._ 1-4 Seab Oil _ 13 Sears _ 72 1-2 Shell Un . 8 Socony Vac _ 8 3-4 Sou Pac _ 8 1-2 Sou Ry _.11 1-2 Sperry _ 36 3-8 Standard Brands_ 6 1-8 Standard Oil Cal_18 1-4 Std oil Ind . 23 Std Oil N J _ 34 Stewart Warner _ 5 3-4 Studebaker _ 6 5-e Swift . 19 5-8 Tex Corp _38 1-2 Tex Gulf Sul _30 1-2 Timken Det Ax_23 Trans & West Air___17 5-8 Un Carb___68 1-2 Un Pac _-_80 1-2 Unit Aire _ 33 1-4 Unit Corp _ 2 1-8 Unit Drug _ 4 1-8 Unit Fruit_62 Unit Gas Imp___-_12 1-4 US Ind Alco _17 7-S US Pipe __ 24 7-8 US Rubber _ 19 US smelt & Ref -49 US Steel - 51 1-2 Vanadium _ 29 3-4 Warner Pic_,_ 2 1-4 Western Union _18 West Elec & Mfg _91 Wilson _ 4 5-8 Woolworth _....-32 1-8 Yellow T & C..12 Youngs S & T _31 1-2 Total sales, 328,330. CURB Asso G & El, A --- 1-4 Can Marconi _ 5-8 Cities Service _— 5 7-8 El Bond & Share_ 6 1-4 STOCKS IN THE SPOTLIGHT ■NEW YORK, July 11.—UP)—Sales, closing price and net change of the fifteen most active stocks today: Curtiss-Wrlght, 7,700—6%; no. US Steel, 7,400—51%; a%. Loft, 6,700—24; d%. Packard, 6,200—3%; a%. Stand Oil N J, 4,800—34; d%. Gen Motors, 4,500—43%; dVs. Gen Elec, 4,400—31; no. Bklyn Man T, 4,300—23%; no. Penn RR, 4,100—20; a%. Unit Aire, 4,000—33%; a%. Beth Stl, 3,900—75; no. Lockheed Aire, 3,900—24%; a%. Kennecott, 3,800—25; d%. Comwlth and Sou, 3,600—1%; a%. Int Nick Can, 3,500—24; a%. NEW YORK SUGAR NEW YORK, July 11— W —Do mestic sugar futures pushed up as much as 3 points today in the face of September liquidation, then eased to close unchanged to 2 higher. Sales totaled 17,950 tons. Some of the September sellers bought the for ward months. The world contract dipped under liquidation and virtual disappearance of the Cuban buying which lifted prices yesterday. The close was 2 1-2 to 3 1-2 points lower. Sales 3,950 tons. Raws were steady with little ac tual trade. Duty-free sugars in near by positions were offered at 2.70 cents, while Cubas were held at 1.83 cost and freight for August arrival and 1.85 for August shipment. Re fined was unchanged at 4.50 cents. No. 3 range follows: High Low Close gept .- 1.81 1.79 1.79B Van ’* .- I-*6 1-86 !-85B Mar 1.91 1.89 1.89B May "'1. 1.94 1.94 1.93B July II_ 1.97 1.96 1.96B B-Bid. N. Y, COTTONSEED OIL NEW YORK, July 11—<•£>>—Cot tonseed oil futures trade was dull today, final prices on sales of 26 con tracts being 1 to 2 points higher. Trade estimates on probable June consumption ranged between 250,000 and 275,000 barrels. Actual disap pearanpe in May was 293,705 barrels. Sept, closed 6.16b, Oct. 6.19b, Dec. 6.23, Jan. 6.25b. (b-Bid). Crude oil in the southeast and valley was 5 3-8 cents, nominal, and in Texas 5 1-8 to 5 1-4, nominal, de pending upon location. MIDDLING COTTON NEW ORLEANS, July 11— CP) — The average price of middling 15-16 Inch cotton at the ten designated southen srpot markets today was un changed at 10.44 cents a pound; for the past 30 market days 10.51; mid dling 7-8 inch average 10.25. BUTTER AND EGGS CHICGO, July li—UP)—Butter receipts 1,235.030; steady; prices unchanged. Eggs, receipts 15,622; steady; prices unchanged. 3 NEW YORK COTTON NEW YORK,. July 11—UP)—Cot ton futures moved sluggishly within a 9-point range today, closing 3 low er to 6 higher. Selling was kept in bounds by forecasts for widespread rains to night and tomorrow over most of the belt . Hot dry weather is needed according to crop authorities. Reports -from spot firms in the south said mill demand for cotton was at low ebb. Odd-lots accounted for most of the small business placed in cotton tex tiles in the Worth Street market. Exports Wednesday 9,187 bales: season so l'ar 6,340,404. Port receipts 1,515. Port stocks 2,533,170. Range follows: New: Open High Low Close Julv 9.95 9.95 9,95 9.95 off 2 Oct — 9.48 9.52 9.43 9.48 up 5 Dec — 9.33 9.34 9.29 9.33 up 6 Meh „ 9.08 9,10 9.06 9.08 up 3 Mav — 8.92 8.94 8.90 8.93 up 4 Old: July „ 9.75 9.79 9.70 9.70 off 3 Spot nominal: middling (Vs-inch) 10.58. HOGS BALTIMORE, July 11—(P)—U. S. Dept. Agr.)—Hogs — 650. Mostly .05 lower, practical top 7.25; good and choice 170 to 210 lbs. 7.00 to 7.25; 220 to 240 lbs. 6.75 to 7.00; 250 to 300 lbs. 6.25 to 6.75; 150 to 160 lbs, 6.60 to 6.85; 140 to 150 lbs. 6.35 to 6.60; 130 to 140 lbs, 6.10 to 6.35; 120 to 130 lbs, 5.95 to 6.20. Packing sows 4.95 to 5.45. 3 DRY GOODS NEW YORK, July 11—(P)—Cot ton goods trade confined to o d d lots at unchanged prices. Staple spun and filament rayons moved in fair volume and pigment taf fetas sold at steady quota tions. Limited sales were reported in silk fabrics. Dealings in woolen goods were restricted largely to fill-in quantities for spot and near by shipments. Prices on. finished materials held firm. 3 LIVERPOOL COTTON LIVERPOOL, July 11—tP>—Spot cotton dull, prices 10 points higher. Quotations in pence; American, strict good middling 8.60; good middling 8.20; strict middling 8.05; middling 7.95; strict low middling 7.80; low middling 7.55; strict good ordinary 7.10; good ordinary 6.75. Futures closed 5 to 7 higher. July 7.50; Oct. 7.20; Jan. 6.93. 3 REYNOLDS DIVIDEND WINSTON-SALEM, July 11— IP —Directors of R. J. Reynolds Tobac co company today declared a quar terly interm dividend of 50 cents u share on the common stocks, pay able in cash August 15 to stockhold ers of record July 25. RAILS MONOPOLIZE TRADING IN BONDS General Corporate Division Muddles Along With In different Results NEW YORK, July 11—(.*>>—Rail road issues again monopolized at tention in the bond market today, advancing in some cases as much as 3 points while the general cor porate list muddled along with in different results. Brokers said there was a fair amount Of investment buying in the rails as well as the ordinary run of speculative activity that al ways turns up in this group when prices are rising, especially when there is little going on in stocks, Best prices of the day in most cases were rexched in the final hour, indicating purchasers paid little attention to the drop in last week's freight carloadings an nounced early in the afternoon. The drop had been expected due to the July 4 holiday. Prominent on the rise were Den ver, Rio Grande & Western 4s at 25, Southern Pacific 4 l-2s at 4C 3-4, Northern Pacific 4s at bi 3-4, Missotiri-Kansas-Texas 5s at 1 6, Boston & Maine 5s of ’67 at 65, Hudson &— Manhattan Refunding 5 at 43 1-4 and Erie 5s at 12. Elsewhere modest gians were posted for International Telephone 5s, Commonwealth Edison 3 l-2s, American & Foreign Power 5s Porto Rican American Tobacco 6s and Studebaker 6s. Western Union 5s pushed up 3 points to 68. Foreign dollar bonds were most ly mixed. Norway 4s and 6s, Japan 6 l-2s and Denmark 4 l-2s were among the gainers. German, Ar gentine and Australias were low er. A sale of one bond of the Irish free state at 50 represented a de cline of 5 points from the last re corded sale. The issue is extreme ly inactive. Total sales of $4,620,550, par val ue, compared with $4,366,000 the day before. 3 BOND AVERAGES 20 10 10 10 Rails Indus Util For Net change _ a.3 unch a.3 a.3 Thursday _ 56.3 102.4 96.0 37.5 Prev. day_ 56.5 102.4 95.7 37.2 Month ago 50.3 100.0 92.2 36.0 Year ago_ 57.0 100.2 96.3 61.3 1940 high_ 59.9 103.6 07.5 53.0 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 Thursday -111.5 Prev. day _ 111.3 Mom i ago_109.7 Year ago_-— 112.4 1910 high _ 113.2 1940 low _108.4 1939 high _112.6 1939 low _ 103.6 CASH GRAIN CHICAGO, July 11—CP)—Cash wheat No. 2 red 73 1-4 to 77 1-4 garlicky; No. 1 hard 77 1-2; sample grade mixed 72 1-4; No. - 1 mixed 76. Corn No. 1 mixed 74 1-2; No. 1 yellow 65 to 66 3-4. Oats No. 3 mixed 32 1-4; sample grade mixed 30; No. 2 white 34 1-2; No. 3, 34; sample grade 31. Barley malting 48 to 52 nominal; feed 35 to 43 nominal. Soy beans No. 2 yellow 82 1-4; No. 3, 82 1-4. S NAVAL STORES SAVANNAH, July 11—(.?>—Tur pentine firm 21; offerings 5; sales 250 gallons; receipts 252; ship ments none; stock 11,367. Rosin firm: offerings 171; sales 171; re ceipts 679; shipments none; stock 171,118. Quote; B. D. 2.75; E. 3.00; F 3.15; G. H, I, 3.25; K, 3.35; M, 3.50; N. 4.25: WG, 4.75; WW. 5.35; 5.60. 3 BETTER NEW YORK, July 11—(.4P)—But ter 924,538, unsettled. Creamery; Higher than extra 27 1-2 to 28 1-4; extra (92 score) tubs 27 to 27 1-4. Cartons 26 3-4 to 27; Firsts (88 to 91) Tubs and Cartons 25 1-4 to 26 3-4; seconds (84 to 87) 24 to 25. 3 EGGS NEW YORK, July 11—<A>>—Eggs 15,128; easier. Mixed colors: fancy to extra fan cy 19 3-4 to 23 1-2; extras 19; storage packed firsts 17 3-4; grad ed firsts 17 1-2; current receipts 16 1-2; mediums 16; dirties No. 1, 15 3-4. SPOT COTTON NEW ORLEANS, July 11.—UP)— Spot cotton closed quiet and un changed. Sales 901. Low middling 9.70 nominal. Middling 10.70 nom inal. Good middling 11.15 nominal. Receipts 1.072. Stock 589,042. POTATOES BALTIFORE, July 11-<AMU. S. Potatoes unchanged. *1---i Closing Bond Quotations (By the Associated Press) GOVERNMENT Treasury 3%s 47-43 _ 108.14 3Us 45-43 _108.17 3Us 46-44 _109.14 3s 48-46 _111 3Us 49-46 _ 111.10 4Us 52-47 _ 119.26 4Us 52-47 Reg._120 2 .is 54-51_107.14 2Us 5’-51 _ 103.13 2Us 60-55 _107.26 2Us 65-60 _ 106.18 Home Owners Loan 3s 52-44 _ 107.10 DOMESTIC AT and SF 4s 95 ,_105% Can Pac 4s Perp_— 47% C and O 4%s 92_124 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 Ur Term 5%s 72_ 80 Clev Un Term 4%s 77C- 16 D and R G West 5s 55__ i v. Erie Rf 5s 67_ 12 Hud and Man Rfg 5s 57 __ 43% Int Gt N Adj 6s 52_ 1% Int Mer Mar 6s 41 _ 62% L and N 4%s 2003 ___ 94 MK and T Adj 5s 67_ 4% Mo Pac Gen 4s 76____ 1% NYC Rf 5s 2013_ 68% N and W 4s 96___124 Nor Pac 6s 2047 _ 60% Penn R RGen 4%s 65_102% S A L Cn 6s 45.. 4% So Pac Rfg 4s 55 —.- 69% So Ry Cn 5s 94 _ 87% So Ry Gen 4s 56 --_ 66% Third Ave 4s 60_ 56% West Md 4s 52_ 84% FOREIGN Australia 4%s 56_ 3974 Brazil 6%s 26-57 _ 1074 Ger Govt 7s 49_ 21% Italy 7s 51_ 49% Japan 6%s 54 _- 87 Rheinelbe 7s 46_ 50% CHICAGO GRAIN CHICAGO, July 11.—W-Wheat prices tumbled 1 1-4 to 1 5-8 cents a bushel today to the lowest level in more than 10 months as a re sult of selling inspired partly by northwest rains which grain men said gave much of the spring men wheat crop a new lease on life. Closing at lows for the session, July wheat was priced at 73 1-4, lowest any contract has been since last September 1, the day Ger many invaded Poland. September at 74 to 73 7-8 and December at 75 3-8 to 1-4 were within minor fractions of the season’s lows es tablished earlier this month. Min neapolis prices closed 2 1-4 to 3-4 lower. Heuging of new wheat and the sharp upward revision in the of ficial estimate of domestic winter wheat production added to the market’s burden of elling. Also reflecting the rainfall, corn prices closed 1-4 to 1 3-8 cents low er, July 61 5-8 to 3-4, September 58 3-8 to 1-2. Oats lost 3-8 to 1-2 and rye 3-4 to 1 cent but lard gained 2 to 5 cents and soy beans closed 1-4 up to 1 cent off. Rains extended over Minnesota Iowa, Wisconsin, Northern II linois, much of Nebraska and east ern and northern portions of North Dakota and more moisture was forecast for most of this region, evcept Minnesota. This offset rath er pessimistic crop reports inchirt ing one from R. O. Cromwell who said serious rapid deterioration and loss of crop occurred the past 15 days until yesterday in the Mill nesota Red river valley north oi Grand Forks. 3 Open High Low Close WHEAT: July .- 74% 74% 73% 7374 Sept - 75 74 75 % 7374 73% Dec .76% 7674 7574 75% CORN: Julv ..61 s4 6174 61 74 6174 Sept __. 58*4 5974 58% 5874 Dec _5574 5 5 74 5 4 74 55 OATS: July _39% 3 0 74 3 0 3 0 Sept .— 28% 2 8 74 2 8 2 8 74 Dec _2974 29% 29 2974 SOY BEANS: July ... .. 82 Oct _ 7374 74 73% 7374 Dec . 7374 7374 73% 73% RYE: - July _1 - - 42 74 Sept _ 42% Dec _ 4 7 4 7 74 4 6 % 4674 LARD: Jul y_ 5.87 Sept .— 6.00 6.05 6.00 6.02 Oct -. 6.10 6.15 6.10 6.12 Dec _ 6.25 6.37 6.25 6.27 Jan __ 6.35 BELLIES: July . 6.55 Sept _ 7-00 CHICAGO LIVESTOCK CHICAGO. July 11—LP)—Advanc ing 15 to mostly 25 cents, hog prices returned to within 10 cents of Monday’s all-year high of $7. Fed steer and yearling values rose 15 cents in an active mar et. spring lambs declined 25 cents. Light receipts in the hog mar ket helped cheek the fall in prices begun after the top rose to $7 on Monday. Loadings totaled 17,000 with 6,000 direct to packers. Ship pers took 2,000 and holdovers amounted to 1,000. Sharply small receipts of cattle than expected was the main factor which stimulated strength. The run of 3,000 cattle and 1,000 calves was well-cleaned up. Demand for grass cows picked up slightly. (U. S. Dept. Agr.)—Salable hogs 11,000; total 17.000; market active; 15 to mostly 25 higher than Med nesday’s average; top 6.90; bulk good and choice 180 to 270 lbs. 6.50 to 85; 270 to 300 lb. butchers 6.25 to 50; most good packing sows 360 lbs. down 5.50 to 90; smooth 400 to 500 lbs. 5.00 to 50; shippers took 2,000; holovers 1,000. Salable cattle 3,000; calves 1,000; Fed steers and yearlings includ ing light heifers and mixed year lings strong to 15 higher; fairly active; sharply smaller receipts BURNS IS FATALLY HURT IN ACCIDENT Florida Man Dies In Lumber ton Following Automobile Crash Near Maxton LUMBERTON, July 11.—Bob Burns, about 28, of Fort Lauder dale, Fla., died here early today of extensive injuries received last night when his automobile failed to take a curve and overturned near Maxton. J. K. Davis, 24, of Naranja, Fla., other occupant of the car, is a patient in Baker sanatorium with a fractured pelvis and internal in juries. But his condition is not considered critical. Davis said he and Burns, both employed as tomato packers at Rowland, were returning • there about midnight from a trip to Laur inburg when they came upon a curve suddenly. He said Burns ap plied the brakes but one of the front wheels locked, throwing the car into t spin. Patrolman M. A. Coleman said Burns, who was “badly broken up”, was picked up 60 feet from the car, which was demolished. Davis was removed from the wreckage. ""avis said he understood Burns was married and that his wife was on vacation at Crystal Springs, Miss. The body was taken to Maxton to be prepared for burial and was expected to be shipped to Fort Lauderdale. 4 Aid In Rehabilitation Of Prisoners Is Asked NEWTON, Jnly, 11—</P>— Oscar Pitts, superintendent of prisons for North Carolina, appealed today for public cooperation in helping to re habilitate discharged prisoners. Speaking before the Kiwanis club here, Pitts said there were no statutory provisions for the super vision of freed prisoners, except those out on parole, and that 57 per cent of the present popula tion of prisons in North Carolina were repeaters. Pitts said all stockades, "balls and chains,” and other outmoded methods of discipline had been abolish and that today the state pe nal system was "practically mod ern” in every respect. 4 than expected main stimulating factor; crop well-cleaned up; lit tle more demand for grass cows especially cutters and common fed cows selling at 6.00 down with can ners at 4.00 to 50; dry-fed cows up to 8.00: yearling steers continued in broad demand at 10.00 upward; best 937 lbs. choice yearlings 11.35; 1275 steers topped at 7.50; several loads medium-weights and weighty bullocks 11.00 to 25; grassy and short fed kinds 7.50 to 10.00; fed kinds 8.00 to 9.00; grass heifers 8.00 down to 6.50; bulls firm, heavy sausage offerings 7.40; and heavy fat fulls 7.50; vealers strong at 10.00-50 mostly. Salable sheep 2.000; total 5,000; spring lambs 25 lower; fat sheep and yearlings weak; best sorted native springers 10.00: others 9.75; throwouts mostly 8.25 down; two doubles Idahos sorted 9.75; others 9.50 with carryovers from Wednes day 9.25; fed shorn yearlings 6.50 and 7.00; all fat native ewes 2.00 to 3.00; most throwouts western springers to feeder dealers 8.75. 3 PEANUTS SUFFOLK, Va., July 11.—(2P)— Peanut quotations; Jumbos 3.90 to 4; Buch 3 1-2 to 3.60; Runners 3 1-4 to 3 3-8. Market continues quiet. CHARLOTTE COTTON CHARLOTTE, July 11—(/Pi—Spot cotton 10.85. DALY CROSSWORD ACROSS 18. A slip 30. Anauto 1. Resounds 19. Crotchety maton 6. Catflshes person 31. Arrange JO. Burden 20. Old card in line 11. To the lee game 32. Meshed 12. French 22. Silkworm fabric river disease 36. Insect 13. Boggy 23. Delicate 37. Icelandic 15! Girl’s name 24. Workman literature 16. Cry of a 25. To be ill collection cow 27. A bounder 38. Short for 17. Bombard 29. Musical Richard answer 19. Enchant dramas 42. At home Yesterday 1 Answer 21. Dawn of day b/ A'AM/A. I 2 I 3 14 15 YZAYZZYZA 23. Griddle- 77/7777, 77 VZ 7A cakes yAy -fZ AZ-—--— -A -ZZ Az 26. Dried grape /// 6 ' ^ H AA/ 27. Wire rope CAL----CAL 28. Mohamrpe- 7ZZ/ 10 77 II 77 dan scriptures //,_77_ 77/ 33. Past 12 yZ. 13 34. Slender piece -.SS2-* “ W/P/W II: ff aSsr* 7777“^-7 41. Exterminate ZA CA CA CA______CA 43. Cisterns ^ 23 2H 2& TV DOWN AZ._AA/AAAA IJS5"* 21 77/ 26 “ 30 31 32 3. Exclamation “™ 77/ 77/ 7/% 77/ 34" .4. Part of plant 33 VZ VZ '7/ 5. Auction __CACACA.CA___ 6. Stall 35 36 37 3S 7. Join _AA_ 8. European yz 39 7/ 4° 7/ country /A AL __ ZZ “S’6 yy ** -y, “St v/ft/fty 7/^y 14. Day (Heb.) EOdlMdfttd-1 I-1-1-Y/tk(Art* 1 . Distributed by King Features Syndicate, Inc. I~IC Four Persons Killed In Murder-Suicide Tragedy MT. CARROLL, 111., July 11—(TP) —A man and wife and their two children died here today in what po lice described as a murder-suicide tragedy. The victims were: Mrs. Glenn Sack, Sr., 35, Glenn Sack, Sr., 35, Beatrice, 12, and Glenn, Jr. 14. Police said a relative of the Sacks found all dead in the family car parked In a garage in the rear of their home. According to the story police pieced together from the evidence, the elder Sack shot to death his wife and two children and then turned the gun on himself. A pistol was found in his hand. Will Of Mrs. Sellers Is Filed For Probate The will of Mrs. Sarah Matilda Sellers, who died June 24, was filed for probate yesterday at the office of T. A. Henderson, clerk of New Hanover superior court. The estate includes personal prop erty valued at $100 and real prop erty consisting of a house and lot at 722 South Front street valued at $2,310. Four relatives, Hattie E. Sellers, Andrew J. Sellers, Robert G. Sellers, and Matilda McGowan, were namad beneficiaries of the estate. The Rev. Frank S. Johnston was appointed executor. COTTONSEED OIL NEW ORLEANS, July 11—(-S*)— Cottonseed oil closed steady. Bleachable prime summer yellow 6.05 nominal. Prime crude 5.12 l-2b. Jly. 5.62b, Sep. 5.66b, Oct. 5.69b, Dec. 5.73b, Jan 5.75b. B-bid. 3 LARD CHICAGO,July 11—<TP)— Lard tierces 5.92; loose 5.07; bel lies 6.75. 3 F. D. R. Appoints Board To Seek To Avert Strike WASHINGTON, July 11— OP) — President Roosevelt today appointed Henry A. Milles, Dexter M. Keezer, and John P. Deavaney to the emer gency board which he created yes terday in an effort to avert a threat ened strike of 30,000 employes of the Railway Express Agency, Inc. In a proclamation issued yester day, the President said that other efforts to settle a dispute between the agency and employes represent ed by the Brotherhood of Railway Clerks had been unsuccessful and that the controversy threatened a substantial interruption of interstate commerce. He created the board to investi gate and report within 30 days. Mr. Roosevelt’s action will have the re sulted of preserving the status quo in the controversy for 60 days. Sprunts Win $35,000 Income Tax Refund WASHINGTON, July 11.— (A>>— A refund of $44,071 to Reenselaer W. Bartram, Greenfich, Conn., representing an overassessment of federal gift tax for 1935, was announced today by the treasury. Other refunds announced in cluded: Alexander Sprunt and Son, Inc., Wilmington, N. C., $35,000 for over assessment of income and profits taxes for 1921. SIGNS BILL WASHINGTON, July 11—OT—The White House announced today Presi dent Roosevelt had signed a bill to pay $2,462 to Harry D. Gann of Reidsville, N. C., in settlement of claims against the government re suiting from the crash of an army plane into his home on Sept. 3, 1938. HOTEL COMMODORE — Washington, D. C. Facing Union Station — Capitol Plaza. Room & Bath from $2.50. Mod em—Comfortable—Economical. Atlantic City -*13.35 New Orleans, „ 18.! 1 UNION BUS TERMINAL Manteo, N. C. _ 8.20 Miami, Fla.-16.40 ;jnd & Wlli„ut gts. Dial :53'8 Virginia Beach _ 6.60 New York. N Y. 13.60 Plan to Visit America's Patriotic Oberammergau, ^©wt Expflnie-Paid "The Lost Colony" at Roanoke Island, N. C. FLORIDA TOURS Bm| mm mmm m m m m m ■ ■ mm» Includes transportation; five days W EYH DU ND $38.50 —— LINES —BMBB—HBES51 BRICK BRADFORD—Seeks the Diamond Doll By William Ritt and Clarence Gray |NOW WE'VE RID THE PLACE OF BATS WET LET'S CAN CONTINUE OUR EXPLORATION OF rH 60 / —-•-, THE CAVE WHAT'S THE ROPE JUST IN CASE OF EMERGENCY | FOR, BRICK ? -A ROPE OFTEN COMES _«n handy_ 1 THAT'S AN 0DD-L00KIN6 SLAB oT SIONfc ■§ 'closely6 T0 |j
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 12, 1940, edition 1
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