Newspapers / Wilmington Morning Star (Wilmington, … / July 31, 1941, edition 1 / Page 9
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Depressed Market Shows Signs Of Comeback; Cotton Futures Crack EARLY trading gains wiped out President’s Announcement of priee-Ceiling Legislation Causes Scurry BY BERNARD S. O'HARA nEYV YORK, July 30.—(JP)—A de eded stock list showed signs of comeback and the cotton futures T iket cracked wide open today aft ef publication of President Roose elts request to congress for ex ,ended powers to impose price ceil ,nes in many fields. Most of tho stock exchange leaders ,e’re jr, lower territory from the uait until the final hour, with los ; ‘s steels and specialties running io a point or so. The rally reduced r erased many of the early losses a'nd permitted a fair number of is “ues to ecige into the gain column. Kails paced the recovery move. Rub re,. shares were firm all day. The executive’s reference to infla ,j.-,n dangers was said by brokers to have been the cue for some last minute bidding, but they also noted a lierjod of hesitation immediately upon release of the message as if the market was trying to measure its broader implications. Before the late lift the price swings seemed to express Wall street con cern over 'he huge amounts which some big corporations felt it was necessary to set aside lor 1941 taxes out of June quarter profits. The case of U. >5. Steel Corp. with a $32, SOO.OOO provision against $11,800,130 in the first quarter was r^ga’-ded in boardrooms as a notable example of the trend. The Associated Press of 60 stocks was down .1 of a point at 44.1 which was only slightly under the peak of the July rise. Volume was 745,690 shares against 962,710 yesterday. Corporate bonds were steady and Japanese obligations had another set back. Cotton's slump of more than $5 a bale from m.Qrning levels was one of the steepest in several years, but a rebound cut closing losses to $2.90 to $3.63 a bale. Most other commo dities were diown with the staple. Chicago wheat ended 1-8 to 1-2 cent a bushel lower. Corn dipped 1-4 to 3-1 cent. Hogs were steady to off 10 cents for the tops. STOCK AVERAGES I Compiled By The Associated Press) 30 15 15 60 Indus Rails Util Stks Net change_ d.2 1 a.l unch d.l Wednesday_62.9 18,6 32,4 44.1 Previous'day - 63.1 18.5 32,4 44.2 Month ago 59,5 17.0 31.3 41.7 Year ago_ 59.8 15.8 36.3 42.8 1911 high. 63.9 18.6 35.5 45,0 1641 low_'4.8 15.4 30.3 39,1 1910 high_"4.2 20.5 40.6 52.2 1940 low_ 52.3 13.0 30.9 >37.0 60-Stock Range Since 1927 1938-39 1932-37 1927-29 High - 54.7 75.3 157.7 Low - 33.7 16.9 61.8 WHAT STOCKS DID Wed. Tues. Advances_ 242 264 Declines_ _ 313 337 1 nrhangefi_ 240 234 Total issues_ 795 835 FOREIGN EXCHANGE .YEW YORK. July 30.—UP)—The Canadian dollar gained 1-8 of a cent in relation to the U. B. dollar in for , ;n exchange trading today, the British “free" pound gaining 1-4 cent. The Hong collar rose .15 of a '■rat to the second, new 1941 high 1' vel in two days at 25.15 cents.' Oth er major currencies were unchanged. Closing rates follow (Great Britain in dollars; others in cents): Canada: Official Canadian control Lard rates for U. S. dollars; buying In per cent premium, selling 11 per cent premium, equivalent to is eounts on Canadian dollars in New 'erk of buying 9.91- per cent, sell ing 9.09 per cent. Canadian dollar in New York open 1 iket 11 3-s per cent discount or W 1-2 V. S. cents. Europe: Great Britain, official, Hankers foreign exchange commit ,pp rates), buying $4.02, selling $4,044 °Ppn market. Cables $4.03 3-4. Eatin America: Argentine official 59.73; free 23.S3; Brazil official 6.06n; frpp o.lon; Mexico 20.70n. ' ar East: Hongkong 25.15. (Rates in spot cables unless other 'vise indicated). ' •‘"■Nominal. RICHMOND LIVESTOCK RICHMOND, Va„ July 30.—W)— •S.D.a.)—Livestock: Hygs-_l0p 1125. Good and choice q3 lbs- 11.05-11.25. 100-120 . lbs. ,''3'9-75- 120-140 lbs. 9.75-10.25. 140 :'° Ibs- 10.25-0.70. 160-180 lbs. 10.70 . I°3; 225-250 lbs. 10.55-11.05. 250-300 10-25-10.75; over 300 lbs. 10.15 ■5o- Sows under 350 lbs. 9.50-10.00; 0Vc'r 250 lbs. 9.00-9.50. . battle—Cows slow. Practical top ',a|ry type cows 6.50; mediums 5.50 j, fl’ rarmers and. cutters 4.50-5.50. “®avy sausage bulls 7.50-8.00, lights '•-0-O.aO. Vealers steady with Tues faj- Cood and choice up to ll/50, g°®mou and medium 8.50-10.50. ‘-i'ung lambs steady to weak. Few ' !IctIy good lambs up to 10.60, 0tbers 10.00 down. NEW YORK EGGS V/ro v Y0RK> July 30.—(/P)—Eggs ,J29; steady to firm. Mixed col ■s- fancy to extra fancy 28 1-2 « M; extra 28 1-4; storage paek rr ,firsts 27 3-4; graded firsts 27; diums 25 1-2; dirties No. 1, 25; Vera§e checks 23 3-4-24. ru,CHARL0TTE COTTON CHARLOTTE, July 30.—W)—Spot 16 4™'' baSiS middUng 15.16 tach Closing Bond Quotations bm the associated press GOVERNMENT Treasury ?vS ili?-106.20 !%cA6;44- 107.23 2s 50-48 _ ior si 2%s si-si-::::::: 3s 55-51__ 113 o 2%s 54-62 - 106.12 2%s 60-55 _ 111.21 Fed Farm Mtg. 3s 47-42 - 101.29 DOMESTIC At and Sf 4s 95_ HO % B and O Cvt 4%s 60_33% Can Pac 4s Perp___ 51 C B and Q 4%s 77 __ 74% Chi E 111 5s 51 _•_. 29% Cri and P Rfg 4s 34_ __ 13 % Clev Un Term 5%s 72_ 87% Clev Un Term 4%s 77c _____ 67% Erie Rf 5s 67_ 32 Fla East Cst 5s 74_ 9% Hud Coal 5s 62a_ 38% Hud and Man Rfg 5s 57_I 45% Int Gt N Adj 6s 52__ 17% Int Mer Mar 6s 41 _ 89% Lou and N 4%s 2003 _ 97% Mk and T Adj 5s 67_ 10% Mo Pac Gen 4s 75 _i_ 2 N Y P Rf 5s 2013_ 62% Norf and W 4s 96_126% Nor Pac 6s 2047 _ 67% Penn R R Gen 4%s 65_105% Phil Read C and I Cv 6s 49 .. 7 Purity Bak 5s 48_104% c? A L. Cn 6s 45_ 8 So Pac Reg 4g 55_ 66Z So Ry Cn 5s 94___ 90% So Ry Gen 4s 56_ 63 West Md 4s 52 _ 92% FOREIGN Australia 5s 55_ 67 Australia 4%s 56_ 61 Brazil 6%s 26-57 _ 16% Italy 7s 1951 ___ 20 Japan 6%s 54 ___ 57 Orient Dev 5%'s 58 _ 28% FINAL BOND SALES Total today_ 6,703,950 Previous day___ 8,391,200 Week ago_ 6,683,150 Year ago_ 4,688,550 Two years ago_ 5,901,100 Jan. 1 to date_1,279,203,525 Same year ago_ 943,947,250 Same two years ago_ 967,027,675 Closing Stock Quotations BY THE ASSOCIATED PRESS Adams Exp _ 7 1-4 Adams Millis _ 20 3-4 Air Reduct_ 43 7-8 Alaska Jun__ 4 3-8 A1 Chem & Dye_____163 Alleghany ___.... l-j Allis Chal Mfg__ 30 1-2 Am Can ..._.__ 89 1-8 Am Car Fdy _ 32 3-4 Am Coml Alco_ 7 1-8 Am For Pow ___ 3-16 Am Pow & Lt_ 1 1-8 Am Rad & St S _ 6 3-4 Am Roll Mill_15 1-2 Am Smelt & Ref_ 44 3-4 Am Sug Ref--— 20 AT&T_153 3-4 Am Tob B_71 1-4 Anaconda _ 29 1-4 Arm 111_ 5 1-8 A T & S Fe _30 1-8 ACL_ 27 1-8 Atl Ref_23 Aviat Corp___... 3 5-8 Baldwin _16 1-8 B & O _ 8 3-8 Beth Steel _ 77 6-8 Boeing Airpl __17 3-4 Borden _20 Borg Warner___20 1-4 Briggs Mfg_19 3-4 Budd Mfg_ 4 1-2 Budd Wheel_ 7 1-2 Burl Mills_-_19 7-8 Bur Add Mach_56 1-4 Calumet & Hec___ 7 Can Dry- 14 1-2 Can Pac ———---... 4 3-4 Case J I _ 79 1-8 Caterpil Trac _____--—. 48 Champ P & F---—— 21 Ches & O_ 38 Chrvsler _ 57 3-4 Colum G & E-- 3 1-8 Coml Credit_——-- 24 3-4 Coml Solv -— I® 3-4 Comwlth & Sou----— 7-16 Consol Edison---______ 19 1-8 Con Oil _ ® 1-4 Cont Can--- 36 1-4 Corn Prod__—---— 53 1-4 Curtiss Wright - 9 1-8 Curtiss Wright A —--27 1-8 Del Lack and W - 6 3-8 Douglas Aircraft - 73 5-8 Du Pont___-—-—158 1-2 Elec Auto Lt -28 1-8 Elec Pow and Lt-—- 2 Firsetone -■-18 Freeport Sul--—-—■_— 40 5-8 General Electric .......-31 1-2 General Motors ----— 39 1-4 Gillette - 3 1-2 Glidden ___16 1-2 Goodrich -- 19 1-8 Goodyear :_ 20 5-8 Graham Paige-- ■ -- 1-18 Gt Nor Ry Pf - 27 3-4 Hudson Motors - 3 7-8 Huppmobiie Motors - 1-16 Illinois Central ---- 9 1-2 Int Harvest ----_____ 56 1-8 Int Nick Can--—-- 27 5-8 Int Tel and Tel_- 2 3-8 Johns Man - 86 Kennecott - — Kroger Groc -'■— 28 Libby O F G1-——-r-28 Ligg and Myers B-88 1-2 Loews___^-33 1-4 Lcrillard - 18 1-4 Louis and Nash- 69 Mack Truck- 31 Mo K T- 2 7-8 McCrory Stores ——-15 5-8 Mont Ward-r- 34 3-4 Murray Corp ■-—- 6 1-8 Nash Kelv - 5 3-8 Nat Elscuit------— 17 1-8 Nat Cash Reg---14-1-4 Nat Dairy Prod----— 14 1-2 Nat DIst —- 22 1-2 Nat Lead-17 7-8 Nat Pow and Lt- 6 N Y Cent_ 13 1’2 No Am Avlat-— 16 3-8 North Am---13 1-2 Nor Pac__ 7 6-8 Ohio Oil _- 9 3-4 Otis Elev _15 3-4 Pae G and E-25 1-4 Pac Mills_18 Packard_ > 2 7-8 Param Pix ._,_.._;_12 3-8 Param Pf _99 1-2 Penny J C_ 83 Penn Dix___ 2 5-8 Penn Rr_ 24 3-4 Pepsi Cola__;_ 28 3-8 Phillips Pet _ 45 3-4 Pitt Scr and B_ 6 1-4 Pub Svc N J —_ 22 5-8 Pullman __ 28 1-2 Pure Oil_10 1-8 Radio__ 4 1-2 Raa K O_ _ 3 1-4 Rem Rand_10 1-8 Rep Stl_ 20 7-8 Reynolds B_ 32 8-4 Seab Oil --16 1-2 Sears _ ______ 72 ' Shell Un--- 15 3-8 Socony Vac- 10 1-8 Sou Pac —-_____ 18 7-8 Sperry-- 37 1-2 S.td Brands _ 5 7-8 Std Oil Cal___23 1-2 Standard Oil Ind __ 34 Standard Oil N J __ 44 7-8 Stewart Warner _ 7 1-2 Studebaker _._ 6 Swift ■_ 23 5-8 Texas Corp _44 1-2 Texas Gulf Prod _.._3 3-4 Texas Gulf Sul _ 37 7-8 Timken Det Ax ___ 33 Transamer_ 4 3-8 Un Carb_ 78 1-2 Un Pac_82 Unit Aire _ 41 5-8 Unit Corp _.___ 5-8 Unit Drug_-_ 4 1-8 Unit Fruit_ 70 Unit Gas Imp __ 7 3-4 US Ind Alco_-_31 US Pipe _30 3-4 US Rubber _25 1-8 US Steel _ 59 1-4 Vanadium _ 26 7-8 Vick Chem _..._45 Va Caro Chem_ 1 7-8 Warner Pic _—- 4 1-2 West Mary_-_ 4 1-4 Western Union _.... 29 West Elec and Mfg_ 92 Wilson _ 6 3-4 Woolworth_ 29 3-4 Yell T and C _15 1-8 Youngs S and T _ 39 7-8 Final sales 745,690. CURB Asso G and El_ 1-16 Can Marconi ___ 9-16 Cities Service _ 5 1-8 El Bond and Sh_ 2 3-8 Gulf Oil ...._38 NEW YORK COTTON NEW YORK, July 30.—(5>)—Good news and bad sent cotton futures jumping from gains of $1.15 a bale to losses of as much as $6.15 a bale, the close showing het losses of $3.90 to $3.65 a bale. Traders leaped nimbly to the buy ing side early on senate approval of freezing government - owned loan stocks for duration of the European war. Prices about-faced and dived on publication of the anti-inflationary price control message to Congress from President Roosevelt in a break that was the sharpest since March 11, 1935. Stop-loss orders uncovered on the way down accelerated the plunge. Some regarded the message in part as a virtual request for au thority to control the cotton market. No exports Tuesday. Season so far 1,060,773 bales; port receipts 6, 250; port stocks 3,267,051. Range follows: Open High Row Close Oct. __ 17.14 17.22 16.22 16.43 Off 56 Dec. .. 17..28 17.38 16.?0 16.53 Off 63 Jan. .. 17.33 17.37 16.49 16.57 Off 64 Mar. _ 17.49 17.50 16.30 16.64 Off 67 May __ 17.49 17.50 16.27 16.60 Off 73 July __ 17.48 17.49 16.40 16.60 Off 70 Spot middling 17.08 nominal. CHICAGO CASH GRAIN CHICAGO, July 30. — (iP) — Cash wheat No. 2 red 1.04—1.04 1-4; No. 1 hard 1.04—1.04 1-2; No. 2, 1.03 1-4— I. 04; No. 2 yellow hard 1.04; No. 2 mixed 1.03; No. 3, 1.01 3-4—1.02 1-4. Corn No. 1 yellow 73 3-4; No.'4, 72; sample grade, 64-68. Oats No. 1 mixed 34 1-2—36; No. ?, 34 1-2—35 1-4; No. 1 white 35 1-4— 35 1-2; No. \ 35—35 1-2 No. 3, 34— 34 12; No. 4; 32 1-2—33 3-4; sample grade 31. Barley malting 56—63 nominal; feed and screenings 43—49 nominal; sample grade 47. Soybeans No. 3 yellow 1.47 1-4. Field seed per hundredweight nom inal; timothy 4.00-4.25; alsike 10.00— 12.00. NEW YORK COTTONSEED NEW YORK, July 30.—UP)—Cot tonseed oil futures dropped as much as 36 points in the wave of selling that followed the President’s price control message today, but prices re bounded to close only 7 to 9 points lower than on Tuesday on sales of 179 contracts. Sep closed 11.82, Oct 11.64b, Dec II. 58, Jan 11.59b. (b-Bid). Crilde oil was quoted nominally at 10 1-2 to 11 cents a pound in the Southeast, Valley and Texas. SAVANNAH TURPENTINE SAVANNAH, July 30.—(A>)—Tur pentine 47; offerings 197; sales 9,850 gallons; receipts 217; shipments 1; stock 15,218. Rosin offerings 972; sales 632; re ceipts 766; shipments 1,147; stock 130,318. • Quote: B, D, E, F, G 2.31; H, I 2.82; K 2.35; M 2.86; N 2.38; WG 2.54; WW, X 2.832—. - - JAPANESE BONDS CRASH DOWNWARD Government and Municipals Wilt as Much as 7 Points on N. Y. Market NEW YORK, July 30.—tff)— Quoted values of Japanese govern ment and municipal bonds wilted 3 to 7 points today when light of ferRgs found an absence of bids except at drastically lower prices. The general domestic corporate li: t was mostly narrow. but the undertone remained steady. U. S. governments were without impor tant change either way, Turnover of $6,703,950, par value, compared with $8,391,200 on Tues day. The only important change in' the Associated Press averages was a drop of .4 of a pojnt in the foreign group. Renewal of pressure against the Japanese group was a continuation of the move begun last week after the freezing of the empire’s Amer ican funds. There was some letup Monday when it was asserted serv icing of the various issues would be continued; Today’s worst losses were registered on transfer of but one or two bonds, . ' Taiwan Electric Power 5 l-2s lost 7 points at 30, Oriental Devel opment 5 12s dropped 4 38 to 28 18, the 6s were 5 lower at 29, Japan 5 12s lost 3 1-8 at 44 and the 6 l-2s ended down 3 12 at 57. Other foreign bonds were quiet. Gainers of moderate amounts in the domestic list included Laclede gas 5 12s at 81, International Tele phone/ 5s at 43 1-4, American & Foreign Power 5s at 60 12 and Wabash second 4s at 25 14. Unchanged to lower were, among others, Missouri Pacific 5s, South ern Railway 4s, Illinois Central 4 34s and St. Paul 5s. U. S. governments closed 1532 higher to 232 of a point lower on the stock exchange. A similar trend prevailed over the counter with dealings light on both mar kets. 2 BOND AVERAGES (Compiled By The Associated Press) Net change — d.l a.l unch d.4 Wednesday_ 64.7 105.0 102.1 45.7 Previous dayh- 64.8 104.9 102.1 46.1 Month ago_ 64.3 104.9 101.4 47.6 Year ago_ 56.8 103.0 96.5 38.2 1941 high__ 66.5 105.3 .102.1 48.2 1941 low_ 60.2 104.2' 99.0 '38,-0 1940, high 6i;4'l05.;fr '100.’7 ‘ 53.5 1940 low-- 48.3 98.9 90.3 35.1 10 Low Yield Bonds Wednesday ^_i_,_ 114.3' Previous day___ mis Month ago___ 114.2 Year ago-_111.3 1941 high_ 114.3 1941 low ;_'_ 112.2 1940 high---114i6 1940 low_108.4 CHICAGO LIVESTOCK CHICAGO, July 30.—(A?)—Lower temperatures ^nd reduced receipts tended to check the downward trend in hogs and lamb prices and values were steady, but all classes of cattle except choice light weight beef types were weak to lower. All weights of hogs held steady with yesterday’s average and sows were strong to 10 cents higher. Top hogs however were down 10 cents at $11.60. The dressed trade was also steady. (U. S. Dept. Agr.)—Salable hogs 8,000; total 11,000; market general ly steady with Tuesday’s average on all weights; sows strong to 10 higher; trade slow and uneven; good and choice 180-240 lbs. 11.30 90; top 11.60; 240-270 lbs. 10.85-11.35;, 270-300 lbs. 10.60-90; 350-500 lb. sows 9.00-90; lighter weights 10.0035; shippers took 500ffi holdovers 1,000. Salable cattle 9.500; calves 800; excessive supply steer crop scaled 1200 lbs. upward; market on such wind weak to mostly 25 lower: long fed steers scaling over 1400 lbs showed most downturn, instan ces more than 25; at the same time choice yearlings and light steers steady; this also at times on com parable light heifers; but ail other grades light cattle including he f ers weak to 25 or more lower; mixed steers and heifers scaling 1025 lbs. topped 13.00; 968 lbs. 12.85; light heifers 12.75; latter price al so paid for choice to prime 1225 •b. steers, 1359 it. 12.40; 16’ lb-'. 1125; mis, long fed weighty stcirs turning t 1L75-12.25; all grassy and short fed heifers 50 cents or more lower for weak; cbws 10-15 lower today; bulls oil similar amount; vealers 25 or more lbwer; liberal supply of fed heifers here; bulk grading medium to good; light grassy kind to 7.50; practical top cutter cows 6.75; practical top heavy sausage bulls 9.00; and veal ers 13.00 down. Salable sheep 1,000; total 7,000; slow, all lasses around Steady; bulk good and choice native spring lambs 10.75-90; few medium lots 9.75-10-25; with culls mostly 9.25 down; two doubles good range lambs straight 10.65; odd head fat ewes 4.75; bulk 4.50 down. NEW YORK COPPER NEW YORK, July 30.—UR—Cop per steady; electrolytic spot, Conn. Valley 12.00; export, fas NY 11.00 12.00. Tin easier; spot and nearby 54.00 nom; forward 52.75. Lead steady; spot, New York S.SMO; East St. Louis 5.70. Zinc steady; East St. Louis spot and forward 7.25; pig iron, aluminum, anti mony, quicksilver, platinum, Chin ese wolframite and domestic schee lite unchanged:' SUFFOLK PEANUTS SUFFdLJC, Va„ July 30.— C5>> — Peanut quotations 5; bunch 4 3-4; runners 4; market steady. ‘ALERT’ FOR AMERICA — David Sarnoff (left) radio executive, shows New York’s Mayor LaGuardia how the new radio alarm, the “alert receiver” works. Easily attach ed to home radios,; the machine has a bell which rings and a light which glows to notify listeners of emergencies, such as air raids, should they ever come to the United States, CHICAGO GRAIN CHICAGO, July 30.—UP)—After ris ing as mucn as 7-8 cent in the first lew minutes of trading to within fractions of the year’s best level, wheat prices tumbled almost two cents today due to profit taking, hedging and professional selling in duced by moderating weather and uncertainty about congressional ac tion affecting commodity prices. Although wheat reovered almost a cent from the day’s low point as a result of short covering, the market closed 1-1-2 lower than yesterday, September $1.06 1-2-5-8, December $1.08 1-2-5-8. Corn closed 1-4-3-4 down, September 75 1-8, De cember 77 5-8; oats 3-8-12 off; soy beans 1 3-8-1 3-4 lower; rye 1 5-8-1 3-4 down and lard 12 to 15 lower. A break in cotton following the President’s price control message unsettled the wheat trade but most dealers were more interested in weakness of soybeans, rye and lard. Grain me»i said a significant part of the Roosevelt message was that in which he pointed out the de sirabilitw of the government stabi lizing the' market by buying and selling as the exigencies of price may require This, in effect, is what the government has power to do in the case of numerous com modities, including wheat, traders said. Rye reached new highs for the past 15 months early in the session but then tumbled more than 2 cents from these levels due to profit tak ing attracted by gains of nearly a dime from last week’s low point. Although cash grain interests claimed prices still were out of line for Canadian imports, traders pointed out there is still some rye in bond here. Soybeans fell as much as 3 cents at one time while lard broke as much as 25 cents per hun dred pounds, reflecting weakness of cotton and cottonseed oil. Corn was weakened mostly by showers and cooler weather, with prospects of more rain in important areas. The weekly weather report indicated that, despite recent heat, condition in most sections remains fair to very good. WHEAT—, Sep _107% 107% 105% 106% Deo._1Q9% 109% 10774 108% Mav _L_._1107s 111% 1097s 110% CORN— Sep 75% 75% 74% 75% Dec;_ 78 78% 77% 77% May_ 80% 80% 7974 80% OATS— Sep. new_ 38% 38% 37% 38% Dec. -_-_ 40% 4074 3974 40% Mav _ ‘41-74 4174 41%' 41% SOYBEANS— Oct. old_140% 140% 147% 139% Oct. new_140% 140% 137% 139% Dec._140% 1407s 138% 139% Mav_142% 142% 139% 140% RYE— Dec. _ 69 69% 67% 67% Hav_ 73% 73% 71% 71% LARD— Sep. _ 10.30 10.30 10.07 10.17 Oct. _ 10.40 10.40 10.17 10.27 Dec._ 10.60 10.60 10.37 10.50 BELLIES— Sep __— - — -- 13.00 Oct. _,_„ _ —— 13.50 NEW YORK SUGAR NEW YORK, July 30.—Do mestic contract sugar futures rose 1 to 8 points on strength in the refined market today, and the close was followed by 15-point advances in refined to 5.20 cents a pound. Sales totaled 24,850 tons. World contract futures lost 3 to 5 points on liquidation following recent advances. Turnover was 42, 45C tons. The refined price advance ap peared likely to become general an'd, shortly after the close, had been posted by three firms to take effect at the close of business to morrow. American sugar refining said it would consider until tomor row night limited business for prompt shipment at 5.05 cents a pound. Savannah Sugar Corp. set the deadline at tomorrow’s close cf business, and was followed by California & Hawaiian and Nation al Sugar Refining. High Low Close Sep. _ 2.68 2.60 2.68b Nov._ 2.68 2.68 2.70b Jan. _ 2.68 2.64 2.66b Mch:_ 2.69 2.64 2.66b May _ 2.71 2.67 2.68b July_ 2.72 2.69 2.71b (b—Bid).. CHICAGO BUTTER CHICAGO, July 30.—W—Butter, receipts 1,047,764; steady; cream ery, 90 score 33; 88, 31; other pri-: ces unchanged. Eggs, receipts-16,^ 495; firm; prices unchanged. NEW YORK DRYGOODS NEW YORK, July -30.—CSPl-Cot ton mill- men remained reluctant to • operate ahead despite some trade quarters estimating millions of yards of goods could be quickly disposed of for delivery from Oc tober forward. . Members of the woolen piece goods trade pointed to the active garment market where strong pri ces prevailed. They remarked that production of cloaks and suits was running three times greater than in the corresponding period a year ago. Retail stores were said to be placing orders approximately 20 per cent above their customary purchase at this time of year. Rayon prices were firmly bid at top levels of the current move but actual business continued restrict ed by lack of desired supplies. NEW YORK POULTRY NEW YORK, July 30.—(fP)—Live poultry, by freight, firmer. Broil ers, olered 17-18; leghorns 17. Fowls, colored 23-24 1-2; leghorns 17 1-2-18 1-2. Pullets, rocks, large 27; small to medium 24. Old roos ters 14-15; ducks 12. FAIRMONT HOGS FAIRMONT July 30.—Hogs, tops, $11.20; feeder pigs, $15.00. Members of Legion Invited to Target . Shoot at Southport Members of the American Legion post at Wilmington were invited yesterday by Charles Trott, com mander of the post at Southport, to attend a target shoot in quarters of the Southport organization tonight at 8 o’clock. Commander Trott stated that Joe Duboise of Whlteville, in charge of the Legion’s rifle shooting home de fense preparedness program in the state, will be present. Ammunition and rifles will be fur nished by the government at the shoot tonight. In addition to South port and Wilmington Legion mem bers, ex-servicemen from over the area were invited to participate. NEW ORLEANS COTTONSEED NEW ORLEANS.. July 30.—13?)—* Cottonseed oil closed steady. Bleach able prime summer yellow and prime crude unquoted. Sep 11.55b, Oct 11.35b, Dec 11.29b, Jan 11.30b, Mcli 11.38b. NEW ORLEANS - COTTON NEW ORLEANS, July 30,—OP)— Spot cotton closed-steady, 68-points lower. Sales 861. low middling 14.75. middling 16.05, good middling 16.50, receipts 1.S72. stock 438,386; NEW YORK BUTTER NEW YORK, July 30.—'UP)-•lit ter 133,6711: steady; Creamery: higher than 92-score and premium marks 34 1-2-35 1-4. 92-score (cash market) 34 1-4. 88-91 Score 32-33 3-4. 85-87 score 30 L2-31 1-2. Nearly every major country in the world is using motor mass pro duction methods originated in the United States. CITY-COUNTY TAXES All unpaid 1940 Ciiy and County taxes will be adver tised after August 1st, 1941. Avoid additional penalty and advertising cost by paying before August 1st. C. R. MORSE, Ciiy and County Tax Collector RAPID PACKAGE DELIVERY Between Wilmington and Jacksonville North Carolina Only Packages of 150 lbs or less accepted for Transportation FOR FURTHER INFORMATION Wilmington Jacksonville Dial 3311 Dial 3226 Home from the day's work?...pause and Ice-cold Coca-Cola adds to relaxation what relaxation always needs,—pure, wholesome refreshment. You taste its quql ity. You respond happily to its refreshment. So when you pause throughout the day, make it the pause that refreshes with ice-cold Coca-Cola. YOU TASTE ITS QUALITY ,, j. — I "■ Y .) t. , ; BOTTLED UNDER AUTHORITY OP THE COCA-COLA COMPANY BY WILMINGTON COCA-COLA <£0 TTLING CO MPA N
Wilmington Morning Star (Wilmington, N.C.)
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July 31, 1941, edition 1
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