Selective Last-Minute Rally Enables Stock Mart To Finish Higher late climb led BY STEEL ISSUES Associated Press Average Of 00 Stocks Closes Up .2 Of Point At 44.2 |;V FREDERICK GARDNER vKV,- YORK. Dec. 12.—(TP)—Tax 'jn„ difficulties persisted in the ^..h" market today but a selective 1 st-mlnuie rally, led by steels and or industrials, enabled the list to [|ni"li moderately higher on balance. •rhe opening was on the rising . M]I failed to follow through and irregularity prevailed until the )10Ur when bidding revived for '‘number of tire metals. The Associated Press average of 60 .,,!)—Cot ton futures overcame their recent fading tendency today and closed 2 to 5 points higher. Trade price fixing for domestic and foreign account and evening up in the December position, in which trad ing endF tomorrow, helped to swing some support to the price structure. Consumption of all cotton in the United States reached a new high for that month, the New York cotton exchange service estimated, fixing the volume at 740,000 bales. It was down from October but 21,000 bales above November, 1939. Exports Wednesday 12,972 bales; season so far 530,478. Port receipts 6,715. Port stocks 3,318,797. Range follows: Open High Low Close Dec. — 10.12 10.15 10.10 10.12 Up02 Mch — 10.16 10.19 10.14 10.17 Up 03 May — 10,08 10.12 10.05 10.09 Up 03 July — 9.87 9.92 9.86 9.88 Up 02 Oct. 9.32 9.38 9.30 9.35 Up Oo Spot nominal; middling 10.32. NEW ORLEANS COTTON NEW ORLEANS, Dec. 12.—<£’>— Cotton futures gradually worked up ward today, influenced by trade buy ing and short covering. Closing prices were steady 3 to 5 points net higher. Open High Low Close Dec 10.17 10.19 10.16 10.19 Up 5 Jan. — 10.06b-10.09b Mch. — 10.20 10.23 10.18 10.23 Up 4 Mav „ 10.12 10.16 10.10 10.14b July - 9.92 9.95 9.91 9.95 Up 8 Oct - 9.36 9.38 9.36 9.40b Dec. (1941) 9.31b_ 9.34b N. O. COTTONSEED OIL NEW ORLEANS, Dec. 12.—W— Cottonseed oil closed firm. Bleach able prime summer yellow 5.65 nom; prime crude bid. Dec. 5.28b, Jan. 5.25b, Mch. 5.04b, May 5.49b, Jly 5.56b. SPOT COTTON NEW ORLEANS, Dec. 12.—(^)— Spot cotton closed steady 4 points' higher. Sales 1,724. Low middling .93, good middling 10.43, receipts . 1,598, stock 535,703. 4 RICHMOND LIVESTOCK RICHMOND, Va., Dec. 12—tfl*)— )—Do mestic raw sugar climbed a couple of points today after a boost in the re fined price but late profit selling can celled part of the rise. The close was unchanged to 1 point higher. Sales amounted to 18,850 tons. World futures closed unchanged to 1 lower on transfers of 5,250 tons. At the new level refined locally was 4.40 cents against 4.35 previously. In the raw market an operator bought 2,000 tons of Philippines now loading at 2.95 cents, where most offerings were firmly held. Open High Low Close Tan — 1-94 1.95 1.94 1.95b Afar-- 2.00 2.02 2.00 2.00b irJ 2.05 2.06 2.05 2.05b S .. 2.09 2.10 2.09 2.09b sepl':::_2.13 2.13 2.13 2.12b b-Bid._ NAVAL STORES SAVANNAH, Dec. 12.—Wt—Tur pentine firm 31; offerings 99 sales 4,950 gallons; receipts 86; ship ments none; stock 11,864. Rosin steady to firm; offerings 291; sales 272; receipts 675; shipments none; 168*894. Quote B 1.45; D 1.51 to 56; E 1.511 to 61; F 1.52 to 62; G 1.60 to 70; HH 1.78; I .84; K 2.07; M 2.14 N 2.20 WG 2.52; WW X 2.75. i_ 4 RALEIGH HOGS RALEIGH, Dec. 12.— UR — (NCDA)—Hog prices were steady at a top of 5.95 at Rocky Mount today, and the top on a steady Richmond; Va., market was 6.10. CHICAGO LARD CHICAGO, Dec. 12.—UR— Lard tierces 4.35; loose ^.62; bellies 9.00. I . TRENDS CONFLICT IN BOND MARKET Group Of British Bonds And Some Domestic Issues Register Gains NEW YORK, Dec. 12.—(£)—Con flicting trends prevailed in the bond market today. A group of British empire bonds rose 2 to 4 points, reflecting en thusiasm over the turn of the war in Egypt, and a selected group of domestic issues made some pro gress but there were many losers of small amounts at the close and numerous loans ended unchanged. Governments were mixed. Sales of $9,927,100, par value, compared with $11,081,900 on Thursday, the best volume in sev eral week's. Principal beneficiaries of the en thusiasm for the British cause were: new South Wales 5s of ’57, up 4 1-4 at 60; the 5s of ’58. up 2 at 58; Sydney 5 l-2s of ’55, up 3 at 65. and Australia 4 l-2s of '56, up 1 1-2 at 51. Domestic loans tacking on plus signs included Lehigh Valley termi nal 5s at 50 3-4, Southern Pacific 4 l-2s at 39, Pennsylvania 4 l-2s at 108 1-2 and International paper 5s at 102 5-8. Unchanged to lower issues in cluded Western Union 5s, Portland General Electric 4 l-2s, Montana Power 3 3-4s, American Telephone 3 l-4s and Erie 5s. U. S. governments ended 10-32 of a point higher to 18-32 lower. Trading in this group again was quiet on the stock exchange but brisk over the counter. Secretary Morgenthau was represented as greatly pleased at the reception accorded the $500,000,000 fully tax able notes which traded over the counter at prices from 100 1-2 to 100 18-32. 3 CHICAGO LIVESTOCK CHICAGO, Dec. 12.— UP) —With receipts further reduced, hogs held fully steady today with the top at $6.25, while cattle and lambs sold at strong to 25-cent higher levels. Hog trade, however, was active at the steady levels. Quotations in the dressed market were unchanged to 50 cents higher with best loins at $13.50 per hundredweight. The turnabout in the cattle trade came as a result of short receipts with steers and yearlings especially in limited supply. Best steers made $15. (US Dept. Agr.)—Salable hogs 16, 000; total 22,500; active, fully steady with Wednesday’s average; top 6.25 freely; bulk good and choice 190-320 lb. averages 6.10-25, mostly 6.15-25 for 220-280 lb. butchers; 160-180 lb. underweights generally 5.75-6.10; most 330-400 lb. packing sows 6.40-65; heavier kind 5.15-35; shippers took 500; holdovers 1,000. Salable cattle 3,000; calves 1,200; fed steers and yearlings in very limit ed supply, strong to 25, mostly 10-15 higher; good and choice fed heifers sharing advance: common and medi um heifers slow, but strong; cows very active and 15 to 25 higher; bulls strong but vealers weak; hardly enough steers and heifers here to make a dependable market; all inter ests buy ing however and crop well cleaned up at 10.00-13.00; extreme top 15.00 paid for prime 1167-lb. aver ages; 1050-lb. choice yearlings 14.10; several loads weighty western steers 13.00-14.00; good grade offerings 10.50-11.50; very little under 9.50 weighty cutter cows to 5.50; beei cows shared general upturn at 5.75 6.50; weighty sausage bulls to 7.35; most vealers 10.00 down; very few 10.50. Salable sheep 9,000; total 10,000; fat lambs strong to 25 higher, mostly 15 up; sheep steady; feeding lambs strong; bulk good to choice fed west ern lambs 100 lbs. down 9.40-50; top 9.50 freely; few just good loads 9.25; good to choice 103-107 lbs. 9.10-25; fall shorn lambs 8.75; closely shorn 8.15; yearlings 7.50-8.25; slaughter ewes 3.50-4.25; few loads 71-lb. feed ing lambs 9.40. CHICAGO GRAIN CHICAGO, Dec. 12.—UP)—No cash wheat. Corn No. 3 mixed 67; No. 1 yellow old 65 1-2; No. 2 yellow 61 1-4; No. 3, 60 l'-4 to 62 1-2; No. 4, 57 3-4; No. 3 white 67; No. 4, 64 1-4. Oats No. 1 white 40 1-4 tc 1-2; No. 2, 40 to 40 1-4; No. 3, 39; No. 1 white heavy 40 1-2; No, 2, 40 1-4; No. 3, 39 1-4; No. 4, 3t 3-4; No. 1 mixed heavy 38 1-2; No. 1 red heavy 38 1-2; No. 2, 39 Barley malting 54 to 64 1-2 nomi nal; feed 42 to 52 nominal; No. 1 60; No.. 4, 54; sample grade 49; No. 1 malting 61 to 62; No. 3, 58. Soybeans No. 2 yellow 95 3*4 tc 96 1-2; No. 3, 93 3-4 to 95 3-4; No. 4, 93 to 94 1-2; example grade 91 1-2. Field seed per hundred weigh! nominal; Timothy seed 4.00; al sike 9.50 to 11.00; fancy red top 7.50 to 8.00; red clover 8.00 tc 10.00; sweet clover 3.50 to 4.00. NEW YORK BUTTER NEW YORK, Dec. 12.—W>—But ter, 1,199,236; steady. Creamery: higher than 92 score and premium marks 36 1-4 to 37. 92 score, cash market 35 to 33-4 to 366; 88 to 91 score 34 to 35 1-2; 84 to 87 score 31 1-2 to 33 1-2. Cheese 174,559; firm. Prices un changed. 4 NEW YORK POULTRY NEW YORK, Dec. 12.—IT)—Live poultry, by freight, slow. Fowls, colored 16 to 17, some 17 1-2 to 18; leghorn 12. Old roosters 13. Turkeys, hens 18: young toms 11 to 14 1-2. Ducks 15. Closing Bond Quotations ] BY THE ASSOCIATED PRESS GOVERNMENT Treasury 3%s 43-41 Mch _102.4 3Us 45-43 _108.14 3Us 46-44 - 109.15 2 Us 47-45 _110.9 2%s 45 _109.22 3Us 49-46 _ 113.15 3s 55-51 -113.23 2s 55-53 _ 104.15 2Us 56-54 _106.15 2%s 60-55 _111.25 2Us 63-58 _ 111.4 2Us 65-60 - 111.19 Federal Farm Mtg. 3s 47-42 _____ 103.6 3s 49-44 _108.15 Home Owners Loan 3s 52-44 _108.10 DOMESTIC At and Sf 4s 95_109 B and O Cvt 4Us 60_ 12% Can Tac 4s Perp_ 51 C and O 4Us 92_131 C B and Q 4%s 77_ 71U Chi E 111 5s 51_ 15 U Chi Gt West 4s 59_ 20% Cri and P Rfg 4s 34_ 6% Clev Un Term 5Us 72_ 84 Clev Un Term 4Us 77c_ 70 CHICAGO GRAIN CHICAGO, Dec. 12.—(A>)—With wheat traders still under the spell of usually favorable new crop pro spects, prices drifted lower again today in the absence of com mercial and speculative demand. Snow and rain blanketed much of the hard and soft winter wheat belts, augmenting moisture sup plies which some crop experts said should make possible favorable early growth during the period of plant revival in the spring. Much of the weakness of wheat was associated with selling of De cember contracts in which trading will cease a week from Saturday. The selling was attributed in part to interests possibly with accumu lated profits who do not wish to take delivery, although, so far, only 10,000 bushels have been tend ered and outstanding contracts still exceed 6,000,000 bushels. December wheat fell 1 1-8 cent at one stage and deferred con tracts were off almost that much. Closing prices were 3-8 to 7-8 low er than yesterday, December 89 1-8, May 86 to 86 1-8; corn closed 1-8 to 1-2 down. December 60 1-2, May 60 1-4; oats 1-4 off to 1-8 up; rye unchanged to 3-8 lower; soybeans 3-4 to 1 1-4 down and lard 7 to 13 lower. Increased shipping business in wheat, with 71,000 bushels sold, had only slight supporting effect. Traders, likewise, paid little at tention to gossip concerning pos sible Greek and Finnish purchases of grains as well as Red Cross re lief in accessible European coun tries. British interests were in the market for Canadian wheat. From the domestic standpoint there was on evidence of any improvement in commercial demand. No. 1 hard wheat was quoted here at 91 3-4 cents, or 2 1-2 over the December price. 3 Open High Low Close WHEAT: : Dee. __ 89% 89% 88% 89% May- 86% 86% 85% 86% July_ 82% 82% 81% 81% CORN: Dec._ 60% 60% 60% 60% May_ 60% 60% 59% 60% July .._ 60% 60% 60 60% OATS: Dec._ 39% 39% 39 39% Mav _ 35% 35% 35% 35% July _ 32 32% 31% 32 SOYBEANS: Dec._ 96% 96% 94% 95% May_ 93% 93% 92% 94 July_ 93% 93% 92 92% RYE: Dec. —2_ 42% 43 42% 43 May__ 47% 47% 47 47% July . 48 48 47% 47% LARD: Dec. . 4.37 4.37 4.30 4.30 Jan. _-_ 4.40 4.45 4.37 4.37 Mar .. 5.67 5.70 5.62 5.62 May.— 5.90 5.90 5.82 5.82 July _ 6.07 6.10 6.02 6.02 Sep. _ _ _ 6-22 CHICAGO POTATOES CHICAGO, Dec. 12—>— (U. S. Dept. Agr.)— Potatoes, arrivals 85; on track 329; total US shipments 416; supplies liberal, demand slow; market steady; Idaho russet bur banks US No. 1, 1.42 *1-2 to 55; Nebraska bliss trium- hs US No. 1, 1.55 to 65; Minnesota and North Dakota cobblers 85 per cent or more us No. 1, 1.00 to 05; early Ohios 80 per cent US No. 1, 1.00 bliss triumphs 85 per cent or more US No. 1. 95 to 1.10. 4 NEW YORK METALS NEW YORK, Dec. 12.—

—Cop ' per stead}'; electrolytic spot. Conn. Valley, 12.00; expert, fas N Y, 10.25 11.00. Tin steady; spot and forward 50.10. Lead steady; spot, New York 5.50-55; East St. Louis 5,35. Zinc steady; East St. Louis spot and for ward 7.25. Quicksilver 167.000-169.00. 1 Pig iron, aluminum, antimony, plati num, Chinese Wolframite and do mestic Scheelite unchanged. NEW YORK EGGS NEW YORK, Dec. 12.— UR—Eggs 8,713; firmer. Mixed colors: fancy to extra fancy 29 to 30: extras 28 1-4 to 28 1-2; graded firsts 26 to 26 1-2; seconds 25 to 2 51-2; medi ums 23 1-4; dirties No. 1, 22 la 22 1-2; average checks 20 1-2 to 21. Refrigerator, fancy to extra fancy 24 1-2 to 25 1-2; extras 23 1-2 to 24; standards 23 1-4 to 1-2; firsts 22 1-2, seconds 21 to 21 1-2; dirties 20 1-4. BALTIMORE HOGS BALTIMORE, Dec. 12.—(£)—(li. S. Dept. Agr.)—Sheep 300. F a t lamb market around steady with Monday. Top 10 lower. Good and choice, ewes and wethers 10.25 to 50. Few medium throughout 8.5C to 9.25. Few cull and common kinds 5.00 to 8.00. Sheep lacking. 4 D and Eg West 5s 55_ 1% Erie Rf 5s 67- 18% Fla East Cst 5s 74_ 7% < Hud Coal 5s 62a- 27 % Hud and Man Rfg 5s 57_ 42% Int Gt N Adj 6s_ 52% Int Mer Mar 6s 41_ 72 Lou and N 4%s 2003 ___98% Mk and T Adj 5s 67_ 3% Mo Pac Gen 4s 75_ 1% NYC Af 5s 2013_ 65% 1 Not' and W 4s 96_127% Nor Pac 6s 2047 _ 63 ' Penn R R Gen 4%S 65-138% ; Phil Read C and 1 Cv 6s 49 „ 3% j Seab A L Cn 6s 45 - 5% ; So Pac Rfg 4o 55 - 58% So Ry Cn 5s 94_ 92% So Ry Gen 4s 56_ 59 * Third Ave 4s 60_ 65% < West Md 4s 52_101% i FOREIGN i Australia 5s 55 - 55% . Australia 4%? 56- 51 , Belgium 7s 55_ 41 ! Brazil 6%s 26-57 - 14% 1 French 7s 49 _ 60 * Ger Govt Gus 49_ 14% Italy 7s 1951_ 46 j Japan 6%s 54_ 67 j Orient Dev 6%s 58_ 43% Rio Gr Do Sul 6s 68_ 7% ^ WINDSOR ENJOYINGj VISIT IN FLORIDA; - i Duchess Well On Way To Re- | covery From A Serious Dental Operation MIAMI BEACH, Fla., Dec. 12— —(A>)—The Duke of Windsor is taking advantage of a week’s visit to the United States for the sort of rest and privacy rarely permit ted to one in his position. Now that the Duchess is well on the way to recovery from a serious dental operation, he is oc cupying his time with reading, short motor trips, and a bit of un ostentatious shopping in stores away from the principal business districts. Because of his wife’s hospitaliza tion, the Duke has the perfect ex cuse for a polite “no” to the scores of invitations he received for one sort of function or another. He acknowledged personally a request of Fred B. Snite, Jr., par alytic inmate of an iron lung, for permission to call upon him at the hospital, going to Snite’s Miami Beach home for a private chat with “the boiler kid.” On this and similar trips the Duke was driven about town by a Miami Beach policeman in a large sedan. On each occasion, he was accompanied by his Scotland yard bodyguard and an aide, Capt. Drury. Associates said he was recognized only rarely. foreign exchange NEW YORK, Dec. 12.—UD—The “free” British pound sterling closed 1-4 cent higher today in terms of the dollar. The Canadian dollar advanced 1-8 cent at 86 1-2 United States cents. Other leading foreign currencies were unchanged. 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 13 1-2 per cent dis count or 86.50 U. S. cents. Europe: Great Britain, official (bankers foreign exchange com mittee rates), buying $4.02, selling $4.04; open market, cables $4.04; Germany 0.07n; (benevolent) 18.75; Finland 2.05n; Greece .68n; Hun gary 9.77v; Italy 5.06; Portugal 4.01; Rumania unquoted; Sweden 23.85; Switzerland 23.20; Yugoslav is 2.35n. Latin America: Argentine offi ial 29.77; free 23.64; Brazil offi cial 6.05; free 5.05; Mexico 20.75n. Far East: Japan 23.48; Hong kong 23.72; Shanghai 6.07. (Rates in spot cables unless otherwise indicated). N-nominal. 4 DRY GOODS NEW YORK, Dec. 12.—UP)— The rayon goods market continued ac tive and firm. Cotton goods trade was restrict ed to covering in heavy industrial and sheeting numbers against ex tension of government business for defense purposes. Many mills in the woolen indus try are as much as one month be hind schedule on needed shipments of civilian goods. The trade esti mates several months of intensive production necessary to correct this situation. The silk market continued in the doldrums. MINISTER RESIGNS MONTEVIDEO, Uruguay, Dec. 12 —(It)—Three more members of President Alfredo Baldomir’s cab inet resigned today, in" protest against the president’s policy of carrying on conversations with the United States on the c*nstruction of naval and air bases for hemis phere defense. This made five min isters who have broken with the president in two days. CHICAGO BUTTER CHICAGO, Dec. 12.— CP) —Butter was 1-4 cent higher today: 93 score 36—36 1-2; 92, 35 1-2; 91, 35 1-4; 90. 35; 89, 34 1-4; 88, 33 3-4; centralized carlots 90 score 35: 89. 34 1-4: 88, 33 2-4. SELK SENTENCED FOR KILLING MAN Charlotte Taxi Driver Given 30 Years For Slaying Of Jake D. Hunt CHARLOTTE, Dec. 12—W—Clif on D. Belk, 19-year-old white cab iriver,' was sentenced today to 30 'ears’ imprisonment for the slay nging of Jake D. Hunt, negro fili ng station employee, December 3. A superior court jury returned i verdict of second degree murder ifter deliberating a little more than in hour. The sentence, the maxi num provided by the law, was >assed by Judge Luther A. Hamil on. A first degree verdict, carry ng the death penalty, had been isked by the state. When Judge Hamilton completed >assing sentence, Belk sprang to iis feet and shouted, "I appeal.” Still talking and protesting, he yas led away by deputies who ilaced him in a nearby cell where le continued to shout and beat igainst the bars. Hunt was shot to death with a 2-calibre rifle at the filling station [here he worked. A short time ater Belk drove to the police sta ion with the weapon and surren lered. The taxi-driver, employed by a 0-cent cab company, contended le shot in self-defense. He testified hat Hunt had threatened him with i knife, whereupon he drove home, Dbtained the rifle and returned to the filling station, opening fire, he Yugoslavia And Hungary Sign Broad Agreement BELGRADE, Dec. 12.—W—Yu* goslayia and Axis-aligned Hungaiy bound themselves today in a broad pact of “lasting peace and eternal friendship.” The accord, which provides that the two countries “consult on all questions which could concern their mutual interests,” was sign ed after two days of negotiations between Foreign Minister Alksand er C'incar-Markovic of Yugoslavia and Hungarian Foreign Minister Count Istvan Csaky. A joint communique issued after the two officials put their signa tures to the pact said the strength ening of Yugoslav-Hungarian rela tions would “serve the best inter ests of the two neighbor countries and also the well-being of the Danube basin.” 3 Increase In Wholesale Commodity Index Note/ WASHINGTON, Dec. 12— ) — The bureau of labor statistics to day reported an increase of 0.1 per cent in the wholesale commodity price index for the week ended De cember 7. The increase raised the index to 79.8 per cent of the 1926 aver age. The bureau said this was the highest point eachcd by the index since mid-March of 1938. The in crease for the week of December 7 was attributed to price advances for farm products and food. swore, when the negro again ad vanced toward him. DAILY CROSSWORD ACROSS I. Garret 5. Roman general 8. Valorous person 12. Port 13. Across 14. Epochs 15. Accede 17. A haunt 18. Waits on 19. Imitative of art 20. Laborer of China 23. Lade water from 27. Combustible 29. 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