Buying Inspiration Lacking, Mart Suffers Another Losing Session
LOSSES numerous
AS SESSION ENDS
Associated Press Average Of
(iO Stocks Off .2 Of A
Point At 43
|n FREDERICK GARDNER
YORK. Dec. 19.—<iP>—Neith
" domestic nor foreign happenings
* willed buying inspiration for the
r(0 ' market, today and, on balance,
t(ip |'is; chalked tip its fifth succes
sive losing session.
leader;- wavered from the start
while feeble recoveries were in
ulence at the close, and scattered
Cues were a shade improved
Loildiout, final declines of frac
ilens 10 a point or nlore were weI1
n the majority.
The Associated Press average or
.. ftorl<s was off .2 of a point at 43,
' ittiiic this composite back to about
where' it was in September of this
vear and in 1939.
Dealings broadened at intervals—
. w stretches were plentiful—and
•ransfers amounted to 793,030 against
--■) 520 the day before.
' steels did a bit better at the fin
ish but none of these got far out in
Aircrafts weakened. Cop
iers, oils. vails, utilities and mail or
,]ers were narrow.
Backward tendencies were attrib
uted partly to light but persistent
, car-end adjustments of accounts,
fears next year's tax bill will be big
-er than most expect, and confusing
-hills in European war sectors. Scant
bullishness was derived from the ad
ministrative plan to ''lease’’ billions
in armament materials to Britain.
One drawback here was fhe thought
that profit margins for manufactur
ers. which have been generous on
foreign goods, may be trimmed sub
stantially if congress approves the
latest program and Uncle Sam takes
over the p/.ying end of the contract.
International Telephone stock and
lends were up all day as hopes con
tinued this company would be able
to conclude a sale of its Rumanian
: roperties to that country and col
lect (in funds "frozen” in the United
States.
Carriers never made much pro
cress but they were fairly resistant
in the wake of last week’s freight
loading figures disclosing a less than
seasonal recession. Helpful was an
ther jump in heavy construction
awards and an increase in the coun
try's hank clearings to a new peak
for the past two years.
STOCK AVERAGES
.30 15 15 60
Indus Rails Util Stks
Xet change_ill d.l d.l d.2
Thursday_ 61.5 15.5 34.2 43.0
Previous dav_ 61.9 15.6 34.3 13.2
Month ago_ 63.5 16.9 35.1 44.6
Year ago _ 72.3 19.5 39.2 50.6
-5: high_ 74.2 20.5 40.6 2.2
1540 low .. 52.3 13.0 30.9 37.0
1 high_ 77.0 23.8 40.6 53.9
153: low .. 58.8 15.7 33.7 41.6
60-Stock Range Since 1927
1937-38 1932-36' 1927-29
High_ 75.3 75:8 157.7
Lou _ 33.7 16.9 61.8
W HAT STOCKS DID
Thurs. Wed.
Advances_„ 178 145
Declines __ 430 502
Unchanged .- 228 237
Total issues_ 836 884
FOREIGN EXCHANGE
NEW YORK, Dec. 19—(JP)— The
Canadian dollar continued to move
ahead in the free foreign exchange
market today, closing about 1-16
of a cent higher in terms of the
U. S. dollar.
The Shanghai dollar dropped
around .10 of a cent. Most other
foreign currencies ended unchang
ed from the previous closing rates.
Closing rates follow (Great Brit
ain in dollars: others in cents):
Canada: Official Canadian con
trol board rates for U. S. dollars;
buying lo per cent premium, sell
ittg 11 per cent premium, equival
ent 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
r,pen market 13 5-16 per cent dis
count nr 86.68 3-4 U. S. cents.
Europe: Great Britain, official
•bankers foreign exchange com
mittee rates), buying $4.02, selling
8404 :open market, cables $4.04:
Germany 40.07N: (benevolent)
18.50: Finland 2.05N: Greece .68;
Hungary 19.77N: Italy 5.06; Por
tal 4.01: Sweden 23.85; Switzer
land 23.18: Yugoslavia 2.35N.
Latin America: Argentine offi
cial 29.77: free 23.64; Brazil offi
cial 6.05 free 5.05; Mexico 20.75N
Ear East: Japan 23.48; Hong
t,in0 23.80: Shanghai 5.86.
fRates in spot cables unless
otherwise indicated.)
N-Nominal.
DRY GOODS
new YORK. Dec. 19.—W—Cot
°n goods: Scattered business
through second hands took place
jj* Unchanged prices. Woolen goods
buyers interest in covering require
inents for next fall delivery meet
reluctance on part of mills to quote
Prices owing to uncertainty over
labor cost. Rayon goods: Interest
centered in spun yarn construc
■uns and other novelty items,
•ices firm and unchanged. Silk
P>ece goods: Low price level per
Slsts in dull market. 5
LIVERPOOL COTTON
LIVERPOOL, Dec. 19.—UPI—Spot
C'Uton quiet, prices unchanged.
n !‘ct good middling 9.00; good
■uddling 8.70; strict middling 8.55;
niddling 8.40; strict low middling
I°w middling 7.85; strict good
Wdmary 7.35; good ordinary 6.85;
utures closed 1 to 2 points high
?’■ March 7.92; May 7.84; July
Oct. 7.69. 5
STOCKS IN THE SPOTLIGHT
NEW YORK, Dec. 19.—CP)—Sales,
closing price and net change of the
fifteen most active stocks today.
Int Tel and Tel 22,900—2%; a %.
U S Steel 14,100—67%; a %.
Socony Vac 13,100—8%; a %.
Comwlth and Sou 10,800—%; no.
Gen Elec 10,500—32; d %.
Radio 10,300—4%; -J 1-16.
Del Lack and W 9,200—2%; d %.
Am Wat Wks 8,500—6%; d %.
Std Oil N J 8,400—33%; a %.
Int Nickel 8,300—23; d %.
Curtiss Wright 7,900—8%; d %.
Packard 7,500—3%; no.
Cons Edis 7,400—21%; d %.
Am Rad Std San 7,400—6%; no.
Houston Oil 7,400—3%; d %.
NEW YORK COTTON
NEW YORK, Dec. 19.—(.P)—Cot
ton futures idled through a six-poii t
rant. today to show negligible
change at the end.
Buying for the account of tire
manufacturers was a steadying in
fluence but general demand was lim
ited. Some contracts were reported
for Russian interests.
Worth street reports indicated cot
ton textile trading was mostly a:i af
fair of second hands. New interest
was reported light after yesterday's
spurt in print cloth dealings. Coarse
goo ; held firmly.
Exports Wednesday 10,724 bales;
season so far 559,545. Port receipts
7,113. Port stocks 3,347,197.
Range follows;
Open High Low Close
Jan. . 10.00 10.00 9.99 lO.OOnOff 01
Mch. - 10.15 10.17 10.12 10.13 Off 01
May 10.07 10.09 10.03 10.05 Off 02
Julv — 984 9.86 9.81 9.83 Off 02
Oct — 9.92 9.34 9.28 9.31nUnch
Dec. -- 9.28 9.28 9.28 928nUp 01
Spot nominal; middling 10.33.
n—Nominal.
NEW ORLEANS COTTON
NEW ORLEANS, Dec. 19.—fJT’)—
Cotton futures were depressed here i
today under hedge selling. Closing ,
prices were steady 1 to 2 points net
lower. ,
Open High Low Close
Jan. — 10.03b—-.10.03b
Mch. 10.17 10.17 10.15 10.17 Off 1
May 10.08 10.13 10.08 10.09 Off 2
July — 9.86 9.86 9.85 9.87n
Oct 9.32 9.34 9.31 9.34 Off 2 '
Dec. — 9.29b- -. 9.28b |
b—Bid: n—nominal.
__ i
NAVAL STORES 1
SAVANNAH, Dec. 19.—W—'Tur- 1
pentine firm, 31; offerings 54; 1
sales 2,700 gallons, receipts 114; I
shipments none; stock 12,571. Ros- ]
in firm; offerings 320; all sold; (
receipts 477; shipments none; stock !
171,679. Quote: B1.36; D 1.40 to 50; 1
E 1.43 to 54; F 1.44 to 55; G
1.53 to 71; H 1.64 to 77; I 1.72 to
B4; K 1.98 to 2.07; M 2.12; N 2.20;
WG 2.52; WW X 2.V 5 J
CASH GRAIN
CHICAGO, Dec. 19.—W>—Cash
wheat No. 2 mixed 89.
Corn No. 3 mixed 66; No. 4,
59 1-2; No. 2 yellow 62 1-2; No. 3,
60 3-4 to 62; No. 4, 57 to 60; No. 5,
55 1-2 to 58 1-4; No. 3 white 66 to
66 3-4; Nr. 4, 64 to 69 1-2; No. 5,
62 1-2; sample grade 58 1-2.
Oats No. 2 mixed 38 1-2; No. 1
white 40 3-4 to 41 1-4; No. 2, 40 1-4;
No. 3, 38 1-4; sample grade, 33;
No. 1 white extra heavy 41 1-2;
No. 1 white heavy 41 1-4 to 1-2;
No. 2 white heavy 40 1-2 to 41;
sample ' grade, 36; sample grade
white heavy weaverly 37 1-4; No.
1 mixed heavy 38 3-4; No. 1 red
extra heavy 38 3-4; No. 1 feed 36.
Barley malting 55 to 64 1-2 nomi
nal; feed 42 to 52 nominal.
Soybeans No. 3 yellow 90 1-4;
No. 4, 87 to 8 1-4; sample grade,
34 3-4 to 86 1-2.
Field seed per hundred weight
nominal; timothy seed 4.00; alsike
1.50 to 11.00; fancy red top 7.50 to
3.00; red clover 8.00 to 10.00; sweet
:lover 3.50 to 4.00.
RICHMOND LIVESTOCK
RICHMOND, Va„ Dec. 19.——
;USDA)—Livestock: Hogs—15 cents
iligher. Top 6.35. Good and choice
180—225 lbs. 6.15—6.35. 100—120 lbs.
1.35— 4.85; 120—140 lbs. 4.85—5.35;
L40—160 lbs. 5.35—5.80; 160—180 lbs.
5.80—6.15; 180—225 lbs. 6.15—6.35;
125—250 lbs. 5.65—6.15; 250—300 lbs.
5.35— 5.86; over 300 lbs. 5.25—5.75.
Sows under 350 lbs. 4.60—5.10; over
150 lbs. 4.10—4.60.
Cattle—Steady, fat dairy epty
:ows 5.00—5.60, canners and cutters
5.50—4 50. Good heavy sausage bulls
i.60, light weights down to 5.00. Veal
>rs active, steady. Top 11.00 on good
jfferings with choice selling slightly
ligher.
CHICAGO POTATOES
CHICAGO, Dec. 19.—M7—(U. S.
3ept Agr)—Potatoes, arrivals 79,
>n track 351, total U. S. shipments
190; supplies liberal; demand very
ilow; Idaho russet Burbanks U. S,
Jo. 1, 1.45 to 55; Nebraska bliss
riumphs U. S. No. 1, 1.55 to 75;
Minnesota and North Dakota cob
ilers 75 per cent or more U. S.
Jo. 1, 90 to 1.05; bliss triumphs
15 per cent or more U. S. No. 1,
5 to 1.20; Wisconsin round whites
J. S. No. 1, 1.00. 5
CHARLOTTE COTTON
CHARLOTTE, Dec. 19- (A) —
ipot cotton 10.15.
*
Closing Stock Quotations
BY THE ASSOCIATED PRESS
Adams Exp _ 5 5.3
Air Reduct _ 41
Alaska Jun _ 5 i-8
A! Chem and Dye_162 1-4
Alleghany _ 1_2
Allis Chal Mfg ___35 j.g
American Can _86 1-4
American Car Fdy_28 1-2
American Coml Alco___5
American For Pow _ 7.3
American Pow and Lt_ 2 1-2
American Rad and St S_ 6 3-8
American Roll Mill _15
American Smelt and Ref_41 3.4
American Sug Ref _13 1-4
A T and T -166 1-8
American Tob B_69 1-4
Anaconda _25 7.8
Arm 111 - 4 5.8
A T and S F__16 1-4
Atlantic Coast Line _13 1-4
Atlantic Refinery _ 24
Atlas Pow_68
Aviat Corp_ 4 1.3
Baldwin _i_16 5-8
B & O -- 3 1-8
Barnsdall _ 8
Bendix Aviat _32 1-2
Beth Steel _ 84 7-8
Boeing Airpl _17
Borden _ 19
Borg Warner _19
Briggs Mfg_ 23 3-4
Budd Mfg _ 4 7-8
Budd Wheel_ 6 3-4
Burl Mills _16 3-8
Bur Add Mach _ 7 5-8
Calumet & Hec _„ 6 5-8
Can Dry _12 3-8
Can Pac _ 3 1-8
Case J I_53 '
Caterpil Trac _ 49 7-8
Ches & Ohio_41 1-2
Chrysler _75
Coca Cola _107
Colum G and E ;_ 4 3-8
Coml Credit _ 29 5-8
Coml Solv _ 10 1-2
Comwlth and Sou _ 3-4
Consol Edison _21 3-4
Con Oil _ 5 5-8
Cont Can _!_37
Corn Prod _ 43 3-8
Curtiss Wright _ 8 1-2
Curtiss Wright A _ 27 5-8
Del Lack and W _ 2 1-2
Douglas Aircraft _76
Dow Chem _133 :-2
DuPont __ 161 1-2
Eastman Kodak _130
Elec Auto Lt _33
Elec Pow and Lt _ 3 3-4
Firestone _16 1-2
Freeport Sul_38
General Electric _32
Gen Foods _36 1-4
Gen Motors_49 1-2
Gillette _ 3 1-8
Glidden _13 5-8
Goodrich ___12 7-8
Goodyear _18 3-8
Graham Paige _ 3-4
Gt Nor Ry Pf __ 25 3-4
Hud Mot _ 4
Hupp Mot - 1-2
111 Central. 6 5-8
Int Harvest_52
Int Nick Can_23
Int Tel & Tel_ 2 1-2
Johns Man _60
Kennecott _35 1-8
Kinney -— 1 5-8
Kroger Groc_ 27 3-4
Libby O FG1_ 39 3-4
Ligg & Myers B- 94
Loews _31 1-2
Loft _17 1-4
Lorillard _18 1-8
Louis & Nash _ 60 5-8
Mack Truck _•____27 1-4
McCrory Stores _14 5.s
Mo K T-", 3-8
Mont Ward- 36 5-8
Murray Corp_ 7 5-8
Nash Kelv_ 4 5,3
Nat Biscuit__ 16 1.2
Nat Cash Reg_-3
Nat Dairy Prod_13 1.4
Nat Dist_23 1-8
Nat Lea _ 16 r-8
Nat Pow and Lt_ 6 3-4
N Y Cent_13
No Am Aviat_16 3.8
North Am __ 16 1-8
Nor Pac___ 6
Ohio Oil _ 6 0.4
Otis Elev_15 1.2
Pac G and E_ 27 3-4
Packard _ 3 1.3
Param Fix_10 1-2
Param Pf _ 97
Penny J C _83
Penn Dix _
Penn Rr-"1 5.8
Phillips Pet_40
Pitt Scr and B_ $ 1-2
Pub Svc N J_ 28 7-8
Pullman _..._ 25 3-4
Pure Oil_ 7 7-8
Radio_ 4 5.8
Rad K O___ 3 1-2
Rem Rand _ 8 3-8
Republic Steel _21 1-4
- 'ynolds B_31 3-8
Seab A L _ 1-8
Seab Oil . 12 3-8
Sears - 75 3-4
Shell Un .. 10 7-8
Socony Vac _ 8 3-8
Southern Pacific _ 7 5-8
Southern Railway _12
Sperry _38
Standard Brands .._ 6 1-8
Standard Oil Cal..18 1-4
Std Oil Ind _ 25 7-8
Std Oil N J -. 33 1-2
Stewart Warner _ 7 1-8
Studebaker _ 8
Swift _21 1-2
Tex Corp_ 38 7-8
Tex Gulf Prod _ 3
Tex Gulf Sul -.... 36 5-8
Timken Det Ax _29
Transamer _ 4 3-4
Trans & West Air_17 1-2
Union Carbide _68 1-4
Union Pacific _ 75 3-4
United Aircraft _ 42 3-4
United Corp _ . 1 1-4
United Drug.. 4 1-2
United Fruit ...— 68 1-2
United Gas Imp _ 9.1-2
U S Ind Alco . 23 3-4
U S' Pipe_ 29
U S Rubber ..22
U S Smelt and Ref _64
U S Steel . 67 5-8
Vanadium____....._32 1-2
Vick Chem_ 42 5-8
Va Caro Chem_,__— 2 1-8
Warner Pic _ 3 1-4
Western Union _ 19 7-8
West Elec and Mfg-102 1-4
Wilson _... 4 1-2
Wool worth_ 31 1-8
Yell T and C_15 1-8
Youngs S and T_-*• 39 3-4
Total sales, 793,030.
CURB
Asso G * El A .- 1-16
Cities Service - 5
Colon Dvmt - 3-4
El Bond * Share_ 3 7-8
Gulf Oil _-.31 1-8
SELLING PRESSURE
IS FELT BY BONDS
Prices Yield From Major
Fractions To More Than
Point On Average
NEW YORK, Dec. 19—(-a>>—The
bond market was under selling pres
sure again today and, despite isolat
ed cases of strength, prices yielded
from major fractions to more than
a point on the average. .
Brokers could find nothing special
in the news to account for the grad
ual but persistent fading of uota
tions and blamed it upon a collec
tion of somewhat pessimistic develop
ments the world over within recent
days that might sooner or later find
a direct reflection in bonds. The
trend of affairs relating to war poli
cies at Washington received much
attention.
Total sales of $8,742,225, par value,
compared with $10,520,300 the day
before. Largest loser in the As
sociated Press averages was the rail
group, off .4 of a point at 60.2.
Active losers included Interna
tional Paper 5s at 102 3-4, Santa Fe
4s at 109, Cuba Northern Railway
5 l-2s at 18 1-2, Delaware & Hudson
4* at 48, International Hydro Elec
tric 6s at 46, Nickel Plate 6s at 90 1-2
and Southern Pacific 3 3-4 at 45 1-2.
International Telephone 5s went
counter to the trend for the fourth
day, rising 1 1-4 points to 37 1-2 on
sales of $279,000, par value. The 4
l-2s added 3-4 at 35 1-4. Recent de
velopments affecting some of the
company’s foreign holdings have
been received favorably.
U. S. governments rarely appeared
on the tape but most transactions
were concluded at losses of 1-32 to
8-32 of a point.
CHICAGO LIVESTOCK
CHICAGO, Dec. 19.—(A>)—Reduced
receipts today turned hogs 10 to 15
cents higher, topping at $6.40. Cat
tle were mostly steady to a shade
higher and fat lambs strong to 15
cents up.
Receipts of hogs totaled 20,000 of
which 7,000 were billed directly to
packing interests. Trade was active
bus slowed down somewhat at the
close.
Fed steers and yearlings were 10
to 15 cents higher with yearlings
and light steers showing the most
advance. Other classes of cattle
were steady.
(US Dept. Agr.)—Salable hogs 1S,
000; total 20,000; generally 10-16 high
er than Wednesday’s average; clos
ing less active than early; top 6.40;
bulk good and choice 210-280 lb. aver
ages 6.20-35; most 290-300 lbs. 6.10
25; well-finished 170-200 lb. lights
generally 6.10-30; good packing sows
425 lbs. down 5.30-65; 450-550 lb. kind
mostly 5.00-25; shippers took 500;
holdovers 2,000.
Salable cattle 5,000; calves 800; fed
steers and yearlings 10-15 higher at
close; yearlings and light steers
showing most advance; strictly
choice offerings absent; best weighty
steers 14.25; largely 9.50-13.00 mar
ket; with best long yearlings to 13.75;
light yearlings 13.50; and heifer year
lings 12.75; light heifers steady but
most inbetw-een weights below at
week’s 50 decline; instances 75 or
more of fthis week; medium to good
grade heifers now selling at 10.50
down to 8.50; best light heifers 11.00;
short fed heifers and short fed steers
predominated in crop; edge off cow
market; cutters selling at 5.75 down;
beef cows 6.25-7.00; good kinds up
to 7.25 and better; very active and
firmer market on bulls; weighty sau
sage offerings to 7.40 paid rather
freely; vealers fully steady at 9.50
10.50; choice weighty offerings up to
11.00 however; stock cattle slow
steady.
Salable sheep 9,000; total 10,500;
active fat lambs and yearlings steady
to strong; some sales 10-15 higher;
top 9.35 to city butchers; bulk good
to choice fed westerns and natives
S.10-25; three loads 103-107 lbs. 8.85
9.00; fall shorn fed lambs 8.40; re
cently shorn 7.76; load 80 lb. fed
yearlings 8.40; summer shorn year
lings 7.55; few slaughter ewes 4.25;
comeback feeder lambs 9.10.
CHICAGO BUTTER
CHICAGO, Dec. 19.—I®—Butter
receipts 668,414; weak; creamery,
93 score 34 to 35, 92, 34; 90, 33 1-4;
89, 32 3-4; 88, 32 1-4; 90 centralize
carlots 33 1-4 to 33 1-2. Other
prices unchanged.
Eggs, receipts 5,314, we’k, fresh
graded, extra firsts 24, firsts 23,
current receipts 22, dirties 19,
fresh checks 18, refri. checks 16,
refri. extras 20 3-4, refri. stds.
20 1-2. 1
BALTIMORE HOGS
BALTIMORE, Dec. 19.—GP)—(U.
S. Dept. Agr.)—Hogs, 1500. Mostly
ten cents higher than Wednesday.
Light lights up five cents; good
and choice 180 to 240 lbs. 6.55 to
6.80; practical top 6.80; 160 to 180
lbs. 6.40 to 6.55; 140 to 160 lbs. ;
6.30 to 6.55; 250 to 300 lbs. 6.25 to
6.50; 130 to 140 lbs. 6.05 to 6.30;
120 to 130 lbs.. 5.85 to 6.10 packing
sows 5.35 to 5.85. 1 j
NEW YORK METALS !
NEW YORK, Dec. 19-UPt-Cop- t
per steady; electrolytic spot, Conn. <
Valley, 12.00; export, FAS NY, 10:0 1
to 12.00. Tin steady; spot and for
ward 50.05. Lead steay; spot, New
York 5.50 to 55; East St. Louis
>•35. Zinc steady; East St. Louis \
spot and forward 7.25. Pig iron, t
iluminum, antimony, quicksilver, 1
jlatinuin, Chinese wolframite and i
iomestic scheelite unchanged. £
Closing Bond Quotations
BY THE ASSOCIATED PRESS
GOVERNMENT
Treasury
3%s 43-41 Mch-101.29
3%s 41_'02.26
3%s 45-43 _108.13
3%s 46-44 _10J.14
2s 47 - 107.10
2%s 53-40 _ r8.10
2Vis 52-50 _ 108.11
3s 55-51 _113.12
2%s 60-55 ___m.7
0%S 59-56 _ 110.20
2»iS 65-60 _110.29
Home Owners Loan
3s 52-44 _ 108.4
DOMESTIC
At and Sf 4s 95_ 109
B And O Cvt 4%s 60_ 12%
Can Pac 4s Perp _ 51%
C B and Q 4%s 77_ 73
Chi E I1J 5s 51_ 14%
Chi Gt West 4s 34_ 6%
Clev U - Term 5%s 72_ 83%
Clev Un Term 4%s 77c_ 69%
D and R G West 5s 55_ 1
Erie Rf 5s 67_ 17%
Fla East Cst 5 s 74_ 7%
Hud Coal 5s 62a_ 26%
Hud and Man Rfg 5s 57__ 42%
Int Gt N Adj %s 52_ %
Int Mer Mar 6s 41_ 69%
Lou and N 4%s 2003 _ 98
Mk art Adj 5s 67_ 3%
Mo Pac Gen 4s 96_127
Nor Pac 6s 2047 _ ___ 62 %
Pei.n R R Gen 4%s 65_ 108%
Phil Read C and I Cv 6s 49_ 3 Vi
feab A L, Cn 6s 45_ 4%
o Pac Rfg 4s 55_ 56%
So Ry Cn 5s 94_ 90'
So Ry Gen 4s 56_ 58
Third Ave 4s 60_ 62
FOREIGN
Australia 5s 55_ 54%
Australia 4%s 56 _ 49
Belgium 7s 55___ 43%
Brazil 6%s 26-57 _ 15%
Gei Govt 7s 49_ 12
Italy 7s 1951_ 46%
Japan 6%s 54_ 66
Orient Dev 5%s 58_ 42
Polan' 8s 50 _ 3%
Rio Gr Do Sul 6s 68__ 7%
CHICAGO GRAIN
CHICAGO, Dec. 19.—UP)—An in
crease in the official estimate of
United States 1940 wheat production,
enough to indicate the possibility of
a record carryover at the end of
this season, had a depressing in
fluence on prices here today but scat
tered buying credited to mills stead
ied the market.
Wheat dipped as much as 3-4 cent
at times but rallied frequently and
closed unchanged to 1-4 higher com
pared with yesterday, December 88
3-8—1-2, May 84 1-8—84. Some sup
port was attributed to dealers cover
ing previous short sales, mostly trad
ers obligated to deliver grain on
December contracts who bought back
some of these options due to ap
proach of the Saturday deadline for
trading.
Corn closed 1-8 off to 3-8 up, De
cember 60 1-2—5-8, May 60 1-4; oats
unchanged to 3-8 up; soybeans 1-2—
1 1-4 higher; rye 1-2 down to 1-8
higher and lard 3-15 higher.
Traders said yesterday’s govern
ment report practically "dsicovered”
approximately 24,000,00 bushels of
wheat that had not been accounted
lor in previous figures. They attri
buted the “discovery” largely to an
increase in the winter wheat acre
age which brought the year’s total
production to 816,698,000 bushels.
They said that if domestic consump
tion and exports do not exceed ex
pectations carryover next July 1
may oe near iuu,uuu,uuu ousnejs, com
pared with 284,000,000 last July 1.
However, approximately 270,000,000
bushels of this surplus now is under
government loans.
WHEAT:
Open High Low Close
Dec.- 87% 88% 87% 88%
May_ 83% 84% 83% 84
July- 78% 79% 78% 79%
CORN:
jjec.- 60% 60% 60 60":
May_ 60 60% 59% 60%
July- 59% 60% 59% i 60
OATS:
Dec.- 39% 39% 39% 39%
May_ 35% 35% 35% 35%
July- 31% 31% 31% 31%
SC "BEANS:
Dec.- 88 90% 88 90
May_ 87 89 86% 88%
July_ 86% 87% 86% 87
RYE:
Dec._ 42% 42% 52% 42%
May_ 46 46% 46 46%
Jul _ 47% 47% 47 47
LARD:
Dec. _ 4.10 4.15 4.05 4.15
Jan. _ 4.20 4.30 4.17 4.30
liar._ 5.45 5.62 5.42 6.62
May _ 5.65 5.80 5.62 5.62
May _ 5.65 5.80 5.62 5.80
July _ 5.85 6.00 5.80 6.00
Sept._ 6.05 6.17 6.02 6.17
NEW YORK SUGAR
NEW YORK, Dec. 19.—UP)—Do
mestic sugar futures veered from
early firmness today on light com
missit a house selling. The close was
1 to 2 points lower. Transactions
were 8,350 tons.
Heaviness of the market was in
the face of preliminary government
statistics placing 11-months’ domes
tic deliveries at 6,245,083 tons against
6,210,217 for the same period last
year.
World futures closed unchanged
to % point down. Sales were 2,800
tans.
Raws were quiet. Two lots were
offered at 2.93 cents a pound and 4
at 2.95. Refined was unchanged.
No. 3 contract:
High Low Close
Jan. _ 1.92 1.92 1.91b
March _ 1.98 1.97 1.96b
May .— 2.02 2.00 2.00b
Julv 2.06 2.05 2.05b
Sept. _ 2.10 2.10 2.08b
b—Bid.
NEW YORK EGGS
NEW YORK, Dec. 19.—GR—Eggs
9,776; firmer. Mixed colors; fancy
to extra fancy 28 to 29; extras
27 1-2; graded firsts 26; seconds
24 1-2 to 25; mediums 23 1-4; dir
ties No. 1, 23; average checks 21
to 21 1-2. Refrigerator, fancy to
extra fancy 24 to 24 1-2; extras
23 to 23 1-2; standards 22 1-2; firsts
22 to 22 1-4; seconds 21 to 21 1-2; :
mediums 21 1-4 to 21 1-2; dirties 21. i
NEW YORK BUTTER
NEW YORK, Dec. 19—UP>—But- j
;er 970,353; easy. Creamery: high- j
;r than 92 score and premium ]
marks 34 3-4 to 35 1-2; 92 score, j
:ash market 34 1-4 to 1-2; 88 to 91 j
score 33 to 34 1-4; 84 to 87 score ’
II to 32 1-2. 1 1
NEW YORK POULTRY ]
NEW YORK, Dec. 9.—OP)—Live j
Joultry, by freight, slow. Chickens, |
ocks and colored, ’arge 19. Fowls, j
colored, 1 car 19 to 20; 1 car 17 1-2 ;
o 18. Pullets, rocks 21. Old roost- I
rs 13. Turkeys, hens 23, young *
oms 18. Ducks 16. 1 *
CHICAGO BUTTER f
CHICAGO, Dec. 19—(A*)—Butter i
/as weak today: 93 score 34 1-2 5
o 3-4; 92, 34; 91, 33 1-2; 90, 33 J
-4; 89, 32 3-4; 88, 32 1-4; central- f
:ed carlots 90 score 33 1-4 to 1-2; t
9, 32 3-4; 88, 32 1-4 JS
MISSED DADDY
SANTA FE, N, M., Dec. 19
—Uf)—Two little English girl
refugees, nieces of a Santa Fe
woman, received a pre-Christ
mas present from home today.
It was a fragment from a
German bomb. Their mother
attached a card saying: “Mer
dy (a captain in the British
yy (a captain in the British
army) by several miles.”
N. O. COTTONSEED OIL
NEW ORLEANS, Dec. 19.—Mi
Cottonseed oil closed firm.
Bleachable prime summer yellow
5.65 nom; prime crude 4.75; Dec.
5.33b, Jan., 5.35b, March 5.41b.
May 5.50b, July 5.55b.
SPOT COTTON
NEW ORLEANS, Dec. 19.—UK
Spot cotton closed quiet, 1 point
lower. Sales 65. Low middling
8.87, middling 9.87, good middling
10.37, receipts 2,341, stocks 534,702.
PEANUTS
SUFFOLK, Dec. 19.—Ml—Peanut
quotations: jumbos, 3 3-8 to 3 1-2;
bunch, 3 1-8 to 3 1-4; runners 3
to 3 1-8. Market steady. 1
CHICAGO LARD
CHICAGO, Dec. 19.—Ml—L a r d
tierces 4.25; loose 4.65; bellies 9.00.
Carteret-Craven REA
Unit Allotted Funds
WASHINGTON,' Dec. 19— UP) —
The Rural Electrification Adminis
tration reported today it had allot
ted $9,133,500 for projects in 28
states.
Among the allotments were:
Davie electric membership cor
poration, Mocksville, N. C., $30,
000; Burke-McDowell electric
membership corporation, Morgan
ten, N. C., $143,000.
SHIP ABANDONED
NEW YORK, Dec. 19—0?)— The
German radio reported today the
19,118-ton British passenger liner
Arundel Castle “suddenly went on
fire” a mile from Barvun Reef, off
the coast of New South Wales, and
was abandoned by passengers and
crew. The broadcast said the ship
“must be considered a total loss.”
BALTIMORE POTATOES
BALTIMORE, Dec. 19.—(A>) Po
tatoes and sweet potatoes — un
changed. __
$1.05^
PINT
$2.05
I^QUART A
rsi.i5
PINT
i $2.25
k QUART
G&W's CENTURY OF EXPERIENCE assures a perfect
product based on mellow whiskies, chosen for rich flavor
and exquisite bouquet. The result is a mild, light bodied
whiskey, unsurpassed for smoothness, delightful flavor.
Five Star Blended Whiskev-72%% grain neutral spirits. 90 proof
Seven Stax Blended Whiskey—65 % grain neutral spirits. 90 proof
Gooderham & Worts. Ltd. Detroit, Mich. Established 1832
I Gift Suggestions
I STORE OPEN UNTIL 8 P.M. TILL CHRISTMAS
| For HIM
| Bath Robes _$1.39
f Bedroom Slippers _98c
| Fine Bonair Shirts _ $1.00
i Ties_10c, 25c, 48c
J. Felt Hats_97c and $1.98
f
f Shirts and Shorts_25c each
| Pajamas _79c and 98c
f Sweaters_97c to $2.98
t
j Shirts, white and fancies..79c
j Dress Oxfords_$1.97-$2.98
'f Sweat Shirts_59c
t
l Melton Jackets.._$2.98
t
t Handkerchiefs_5c 8i 10c
{Leather or Rubber Boots_$2.98
t
t Belts -25c 8: 48c
Socks, plain 8i Fancies _..10 to 25c pair
Metal Smokers, bronze finish_$1.00
Tie and Collar Clasp_25c 8t 50c
Rain Coats -$1.98 8i $2.98
For HER i
Silk Hosiery ___49c m
Boxed Handkerchiefs_19c to 48c ©
Dresser Sets, boxed_$1.00 & $1.98 m
Comb, Brush and Mirror m
Hand Bags__59c and 97c J|
Parasols, rainproof_97c and $1.48 m
Scarfs and Vanity Sets_25c and 29c
Silk Panties__25c, 39c, 48c m
Satin, Crepes and Taffetas, printed and plain
Negligees _$1.98 • $2.98 %
Kid and Felt Slippers_39c to $1.48 ||
Satin and Crepe Bedjackets _98c m
Printed Broadcloth Pajamas _97c ||
Silk Pajamas_98c to $1.98 m
Slips ____39c to 98c ||
House Dresses _97c m
Long or short sleeves. Prints, including black
and white jJS
Raincoats _$1.97 ||
Children's Print Dresses_59c lo 97c m
Children's Spun Rayon Dresses ...$1.97 %
Cooks, Nurses, Sweaters_97c to $2.98
1 . For the Home f
I Boxed Embroidered Pillow Cases_79c
Lovely Rayon Spreads_$1.00 io $1.98
Towel Sets, by Cannon_29c to 59c
Xmas Boxed
Boxed Bridge Sets, with 4 napkins _.59c
5 Piece Bnreau Set_50c
| Part Wool Blankets _$1.98 to $2.98
Cotton Comforts _ $1.79
Lovely Chenille Bath Nats_48c
Wash Cloths, wrapped, 4's _25c m
Kitchen Sets _29c ||
Towel, Potholder, Dish Cloth iW
Printed 50" Squares _59c |§
32 Pc. Dinncrware Sets._$2.00 set fl
Slightly Chipped