Newspapers / Wilmington Morning Star (Wilmington, … / May 12, 1942, edition 1 / Page 7
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Steel* Motor, Rubber Stocks Lead Advance On Exchange Monday favorites climb A POINT OR MORE Declines In Other Groups, However, Are Plentiful At The Close ,.£$ YORK, May 11.—I.?!—The Stock Market resumed its forward vc today after considerable ear hcsitance attributed to light p-oM selling on the two-weeks’ advance. vceis. motors, rubbers and as orte(j specialties came to the fore ■r the final hour and. while de cline' were plentiful at the close, 'ractionnl plus signs predominated. 4 handful of favorites was up 1 to 2 points on restricted volume. The Associated Press average of (50 j;ocks finished with a net gain 2 of a point at 34.2. Dealings „.cre on the slow side although ex panding a bit at the last. Transfers totalled 290.650 shares against 313, •>09 last Friday. " The war news continued as a bullish factor in speculative and investment quarters but some po teritial buyers inclined to hold back tending' Washington developments anent taxes and further economic controls. Steels were aided by another jump in this week’s estimated mill operations to the highest mark on record on the basis of ingot cap acity. Oils were reluctant perform ers as widespread gasoline ration :ng confronted producing compa nies. Belief the synthetic rubber program was progressing satisfac torily drew attention to some slocks of the rubber companies. Several new highs for the year were in evidence. Among ihese were Goodrich and Goodyear Com mon and preferred. The last nam ed was up 2, along with Eastman Kodak and Coca-Cola. A point or so advanced were U. S. Rubber preferred. Union Carbide and Ow ens-Illinois. iUUUL M lUIJJl UV CU1CHI WOO luium cd by U. S. Steel. Bethlehem, Chrysler, General Motors, Mont gomery Ward. Sears Roebuck. Woolwortb, Deere. Sperry. United Aircraft, American Telephone, Western Union, Consolidated Edi son. Santa Fe. Great Northern. Southern Pacific, Westinahouse. General Electric and Du Pont. Standard Oil <N. J.l and Texas Co., down most of the day. emerg ed with gains of 1-4 each but Soc ony-Vacuum ended 1-8 in arrears. In the losing column were Ken necolt. Cerro De Pasco. American Smelting, Phelps Dodge, Air Re duction, American Can, Glenn Martin and Caterpillar Tractor. Bonds were fairly steady and commodities mixed. At Chicago wheat was unchanged to off 3-8 of a cent a bushel, corn up 3-8 to 3-4 and hogs about even. Cotton lost 30 to 35 cents a bale. In front of a generally slim curb were Aluminum of America, Amer ican Cyanamid, Brewster Aero, Lake Shore, N. J. Zinc, Pittsburgh Plate Glass and Sherwin Williams. Turnover here aggregated 42.855 shares versus 41,516 in the preced ing full session. STOCK AVERAGES 30 15 15 60 Indust Rails Util Stks Net change_a.3 a.2 a.2 a.2 Monday _ 49.2 15.5 22.9 34.2 Previous day. 48.9 15.3 22.7 34.0 Month ago __ 49.o 15.6 22.6 34.1 Tear ago ___ 56.1 17.6 30.6 40.0 P'42 high --- 56.0 17.6 27.3 3S.7 1942 low 46.0 14.7 21.1 32.0 1541 high_ 63.9 19.0 35.5 45.0 1541 low ___ 51.7 13.4 24.5 35.4 6U-Stock Range Since 1927: 1930-40 1932-37 1927-29 High _ 54.7 75.3 157.7 how _ 33.7 16.9 61.8 -V NEW YORK COTTON Nu-W YORK, May 11.—CP)—Cot *"0 futures prices declined 30 to 35 cent.-: a bale today in slow trading. Washington news occupied trad es attention. They considered re ports cl legislation intended to lower •the potential ceiling on farm com modity prices to 100 per cent of Purity from 110 per cent, another Ml! that would limit government fair of surplus commodities and the taxation program. Prices held about steady at the *aening, then receded near the close 011 New Orleans and local liquida ’ion that followed a falling off of trade demand. The range: Open High Low Close " - 19.31bl9.35 19.30 19.2SnOff 07 •1; -- 19.60 19.63 19.53 19.53 Off 07 P':l — 19.91 19.91 19.81 19.83 Off 07 , — 20.03 20.03 19.93 19.95 Off 06 ■Mo - 20.06 20.06 20.06 ]9.99nOff 06 -m il _ 20.17 20.17 20.05 20.09 Off 06 o—Nominal. - ^P°t nominal; middling 21.07. Closing Bond Quotations BT THE ASSOCIATED PRESS uu v rinPinusMJ: Treasury: 3ks 45*43 ____ 103 13 4s 54-44 ---- 107 4%s 51.47-lihl -Jt* A4'5-1 -108.12 " -sS 00-5o -110.12 DOMESTIC A T and S F 4a 95_109 B and O Cv 60 St_ 23% C and O 4%s 92 _127% C B and Q 4%s 77_ 70 Chi and E 111 Inc 97 :_ 26% Chi Gt West 4s 83 __ 68 Cxi and P Rfg 4s 34_ 14 Clev Un Term 5%s 772 _ 82% Clev Un Te'tm 4%s 77c_ 62% D and R G West 5s 5_ 4% Fla East Cst 5s 74_ 10% Hud Coal 5s 62a_ 42% Hud and Man Rfg 5s 57_ 46% Ill Cent 4%s 66 _ 46% #•4 Gt N Adj 6s 52.. 2 M K and T Adj 5s 67 1_ 19% Jlo Pac Gen 4s 75 _ 3% N Y C Rf 5s 2013_ 53% Norf and W 4s 96_126 Nor Pac 6s 2047 _ 67% Penn R R Gen 4%s 65_102% Phil Rd C and I Cv 6s 49 ... 9% Purity Bak 5s 48 _104% Seab A1 Cn 6s 45_ 9% So Pac Rfg 4s 55 _ 69% So Ry Cn 5s 94 _ 91% So Ry Gen 4s 66 _ 67% Third Ave 4s 60 _ 54 West Md 4s 52 _ 90 Foreign Australia 5s 55 _i_ 61% Australia 4%s 56 _ 56% Brazil 6%s 26-57 . fr% Poland 8s 50 __ 9% Rio Gr Do Sul 6s 68 _ 14% Closing Stock Quptations BT THE ASSOCIATED PRESS Adams Exp _ 5% Air Reduction _ 32 Alaska Jun _ 1% A1 Chem and Dye-124 Allis Chal Mfg..- 24 Am Can _ 63% Am Car Fdy _ 24% Am Com] AIco _ 8% Am For Pow _ % Am Pow and Lt- 9-16 Am Rad and St S_ 4% Am Roll Mill _ 10% Am Smelt and Ref_ 37% Am Sug Ref_ 17% A T and T _110% Am Tob B_ 38% Anaconda - 24 Arm 111 _ 3 A T Sg - 36% \ C L 22 Atl Ref"_ 15% Aviat Corp _ 3 Baldwin _ 11% B and O_ 3 Barnsdall _ 8% Bendix Aviat _ 33 Beth Stl _ 55 UPTURN IN GRAINS IS LED BY CORN Prices Up Three Quarters Of A Cent Bushel At Close Of Day’s Trading CHICAGO, May 11.— l.T) —Inde pendent strength of corn futures, which advanced almost a cent a bushel to highs for the past month, pulled the entire grain market out of an early slump today. Although declining fractionally early in the session in sympathy with losses of almost a cent in the wheat pit, corn rallied after the first hour and closed at or near the day’s best levels, %-% higher than Satur day, May 87%, July 90%-%. ■ Traders said buying attributed to processors and previous short sellers accounted for most of the strength of corn. The bulk of receipt, totall ing 433 ears, went direct to process ors, consisting mostly of govern ment corn being moved from the country. Traders reported good de mand from industries and shippers prevented accumulation of supplies hanging over the market. Open High Low Close WHEAT— May_121% 122 121% 121% Jly _124% 124% 124% 124% Sep _126% 127% 126% 127 Dec _129% 130 129% 130 CORN— IM'av_ 86% 87% 86% 87% Jly _ 89% 90% 89% 90% Sep _ 91% 92% 91% 92% Dec _ 94% 95% 94% 95% OATS— May _ 57 57% 56% 57% Jly_ 66% 56% 55% 56% Sep _ 56% 56% 66% 56% SOYBEANS— May old — 185% 185% 184% 185% May new —- 186% Jly old_187% 188% 187 188 Jly new---189 Oct _181% 182% 181% 182% RYE— May_ 75% 76 75% 75% Jly _ 78% 78% 77% 78% Sep _ 81% 81% 80% 81% Dec _ 84% LARD— May _ 12.82 Jly _ 12.82 Sep _ 12.82 -V NEW ORLEANS COTTON NEW ORLEANS, May 11.—t®— Cotton futures declined under long liquidation and hedge selling here today. Closing prices were steady 7 to 8 points net lower. Open High Low Close May - 19.36 19.38 19.36 19.31b Jly __ 19.64 19.64 19.56 19.56 Off 07 Oct — 20.13 20.14 20.03 20.03 Off 08 Dec — 20.25 20.25 20.17 20.14b Jan — 20.27b_ _20.16b Mch _ 20.39 20.39 20.30 20.28b_ May 1943 _ 20.52a_ _ 20.38b b—Bid: a—Asked. -- . . — --Y -■ I W Acts Amazingly Qi ’ ;k because it's Already Dissolved —All Ready to Act # Capudine contains carefully selected and blended pain-relieving and soothing ingredients which can be combined only in liquid form. So when you use Capudine you don’t wait for any ingredients to dis solve before or after taking. Almost in stantly, Capudine begins to relieve head ache and neuralgia, ease the accompanying nerve strain, and thereby restore cheer fulness. For REAL speed in action, take Capudine. Use only as directed. Boeing Airpl- 15% Borden _ 19% Borg Warner _ 23% Briggs Mfg - 18% Burl Mills __ 17 Bur Add Mach _ 6% Calumet and Hec_ 6 % Can Pac _ 4% Case J I _ 60% Caterpll Trac _ 32% Ches and O_ 29 Chrysler _ 57% Coca Cola _ 66% Colum G and E_ 1% Coml Credit _ 18 Coml Credit _ 18 Coml Solv _ 7% Com with and Sou_ 3-16 Consol Edis _ 12% Con Oil _•_ 5 Cont Can___ 24% Corn Prod _ 44 % Curtiss Wright _ 6% Curtiss Wright A_ 22% Del Lack and W - 3% Dow Chem _ 99% Du Pont _110% Eastman Kod _119 Elec Auto Lt _ 24% Firestone _ 15 Freeport Sul _ 28% Gen Elec_ 24 Gen Foods _ 28 Gen Mot _ 34% Gillette _ 3% Glidden _ 13% Goodrich _ 17% Goodyear _ 15% Graham Paige _11-16 Gt Nor Ry Pf-- 23% Hud Wot _ 4% Hupp Mot_ 1 Int Harvest _ 43% Int Nick Can_ 26% Int Tel and Tel_ 2% Johns Man _ 52% lYCllllCCULL ___ *0 72 Kinney _ 1% Libby O F G1... 22% Loews _ 39% Lorilard _ 12 Louis and Nash_ 22 Mack Truck _ 31% Mo K T _ 9-1 d Mont Ward _ 27% Murray Corp _ 5% Nash Kelv _ 5 Vs Nat Biscuit _ 13 V6 Nat Cash Reg - 15 Nat Dairy Prod_ 13% Nat Dist _ 19 Vi Nat Lead ..— 13 Vs Nat Pow and Lt_ 1% N Y Cent _ 7 Vi No Am Aviat_ 11 North Am_ 8 Vi Nor Pac_ 5% Ohio Oil _ 7 Pac G and E_-_ 17% Packard - 2 V4 Param Pix - 13% Param Pf _105% Penn Dis _ 1% Penn R R _ 21 Pepsi Cola _ 19% Phillips Pet ___ 33% Pitt Scr and B _ 4 Vi Pub Svc N J _ 10% Pullman _ 22 Vi Pure Oil - 7 Vi Radio _ 2 Vi Rad K O _ 2 Vi Rem Rand _ 7?? Rep StI - 15 Vi Reynolds B_ 23 Seab A L _ 7-32 Seab Oil _ 11 Sears _ 45 Socony Vac - 7 Sou Pac __ 11% Sou Ry_ 14 Vi Sperry _ 24 Vi Std Brands_ 2% Std Oil Cal- 20% Std Oil Ind _ 21 Std Oil N J_ 34% Stewart Warner_ 6 St,udebaker _ 4 Vi Swift _: 22 J.ex - ot Tex Gulf Sul _ 28% Timken Det Ax- 28% Trans Amer_ 4 Un Card —- 62 Un Pac _ 71 Unit Aire _ 27 Unit Corp _ 5-16 Unit Fruit _ 64% Unit Gas Imp - 3% Us Ind Alco - 26% U S Pipe . 22% U S Rub _ 16% U S Smelt and Ref- 40 Vs U S Steel_ 47% Vick Chem_ 31 Va Caro Chem__—- 1% Warner Pic - 4% Western Union-- 26% West Elec and Mfg -- 68% Wilson - 4 Woolworth --- 23 Yell G and C-,- 11% Loungs S and T- 32 Final stock sales_ 290,650 CURBS: El Bond and Sh- 1% Gulf Oil- 28 -V STOCKS IN THE SPOTLIGHT NEW YORK, May 11.—UP)—Sales, closing price and net change of the 15 most active stocks today: General Motors 7,600—34%; up %. Goodyear T and R 5,800—15%; up %. Socony Vac 5,100—7-%. Woolworth 5,100—23: up %. Pan Am Airways 4,300—14%; up %. Am Tel and Tel 4,200—110%; up %. Pepsi-Cola 4,100—19%; up %. Std Oil of N J 3,800—34%; up %. Warner Bros 3,700—4%-%. N Y Central 3,100—7% ; no. Chrysler 3,000—57%; up %. Con Edis 3,000—12%; up %. Gen Elec 2.900-HJ4; up %. Celanese 2,900—16%; up %. Int Nick 2,700—26%; up %. j IRREGULAR NOTE IN BOND PRICES In Corporation Division Most Changes Are Frac tions Either Way NEW YORK, May 11—Prices closed on an irregular note in the bond market today as an early mild advance fizzled. In the corporate division most changes were fractions either way. Turnover for the day was $4, 848,200, the smallest full day since last Sept. 22. U. S. governments held to a steady course. Foreign issues were narrow, with a few loans of Brazil backing down under mild selling. Chilean issues also slipped. Nor way 4 l-2s lost nearly 2 points on a small sale. Ahead a little among corporates were Alleghany 5s of ’50 at 54, Brooklyn Union Gas 5s of ’57 “B” at 89 3-4, Cuba Northern Railway Certificates at 32 5-8, Erie 4 l-2s of 2015 at 49, International Tele phone 5s at 55 1-2, and Third Ave nue Adjustment 5s at 16 1-8. Off slightly were American Telephone 3s at 106 7-8, Consolidated Oil 3 l-2s at 103 3-4 Northern Pacific 6s at 67 1-2 and Pennsylvania Gen eral 4 l-2s at 102 5-8. BOND AVERAGES Rails Indus Util For 30 10 10 10 Net change _ d.l d.l a.2 d.2 Monday _ 64.8 103.5 94.4 47.5 Previous day- 64.9 103.6 94.2 47.7 Month ago — 65.0 103.4 94.8 46.2 Year ago _ 66.4 104.7 101.3 43.7 1942 high_ 65.6 103.6 100.6 48.2 1942 low — 60.8 102.6 93.6 41.5 1941 high_ 66.5 103.4 102.2 51.4 1941 low . 58.3 102.9 98.9 38.0 10-Row Yield Bonds Monday-HI-9 Previous day - 111.9 Month ago _112.3 Year ago _113.0 1942 high_113.1 1942 low _HI-7 1941 high _115.1 -V CHICAGO LIVESTOCK CHICAGO, May 11—(AT—( U. S. Dept. Agr.)— Salable hogs 14.000 total 18,000; market closed active to all after slow opening; steady to strong with Friday’s average; top 14.10; bulk good and choice 180-330 lbs 13.90-14.10; few heavier butchers 13.85; most 160-180 lbs 13.50- 14.00; good 400-550 lbs sows 13.50- 75 with a few lighter weights to 3.90; shippers took 2,000; hold overs 1,000. Salable cattle 10,000; calves 1, 000; fed steers and yearlings closed fairly active, strong to 15 higher; medium grade showing most ad vance compared with last last week; after slow start all buying interests took cattle rather freely at 11.25-14.25; Eastern shippers op erating at 13.75-15.00; little above 14.50, although half dozen loads light as well as weighty steers brought 15.00; extreme top 15.60 paid for 1137 lbs long yearlings; heifers fully steady at 11.50-13.50 with strictly choice 1087 lbs aver age 14.65; iows opened very slow, but closed firm; cutters 8.75 down and most fat cows 9.25-10.00; bulls strong at 10.65 down; veal ers steady, choice light Texas bred stock calves and yearlings sold actively at 13.00-15.50; very light offerings to 16.00. Salable sheep 10,000; total 13, 500; fat lambs mostly steady, few loads choice 95-100 lbs wooled 14.85 15.00; bulk good and choice all weights 14.00-75; choice 90 lbs clip pers with No. 2 pelts 13.60; other decks mixed No. 1 and 2 pelts 13.25-60; few choice wooled ewes 8.50; odd lots shorn ewes 6.75 down. -V FOREIGN EXCHANGE NEW YORK, May 11.—UP'—For eign Exchange closing rates follow ^reat Britain in dollars, others in cents). Canada; Official Canadian control board rates for U. S. dollars: Buying 10 per cent premium, selling 11 per cent premium, equivalent to dis counts on Canadian dollars in New York of buying 9.91 per cent sel ling 9.09 per cent. Canadian dollar in New York open market 11 3-4 per cent dis count or 88.25 U. S. cents, up 1-16 of a cent. Europe: Great Britain, official, (Bankers Foreign Exchange committee rates) buying $4.02, selling $4.04 open market; cables $4.04; Latin America: Argentina official 29.77; 23.64, off .02 of a cent; Brazil official 6.05n; free 5.20n; Mexico 20.67n. J (Rates in spot cables unless oth erwise indicated) N-Nominal. 3 -V NAVAL STORES SAVANNAH, Ga„ May 11.—(4)— Turpentine 55; offerings 210; sales 10,500 gallons; receipts 278; ship ments 653; stocks 7,501; rosin: offerings 936; sales 297; receipts 736; shipments, none stocks 46, 615. Quote: B 2.36; D 2.62; E 2.73; F 2.75; G 2.83; H 2.84; I 2.84; K 2.97 M 3.11 N 3.16 WG 3.30 WW and X 3.35. (Saturday’s shipments and re ceipts included.) 4 -V . WHAT STOCKS DID ' Mon. Sat. Advances_ 278 244 Declines _ 150 113 Unchanged _ 176 155 Total issues_ 604 512 -V SPOT COTTON NEW ORLEANS, May 11.—(A>)— Spot cotton closed steady 7 points lower. Sales 222, low middling 16.66; middling 19.96: good middling 20.41 j receipts 582; stock 485,796. 1— —1-'—~- - . ! THIS CURIOUS WORLD %,gSnm an Acaska seal CAN SWIM FOR DAVS A NDAOr GSr AY/S' •> i*u« \Assr/ long, flat guard HAIRS LIE TIGHTLV OVER THE FUR AND KEEP IT DRV AND WARM/ seeo poos OF THE COMMON SNAPDRAGON RESEMBLE ^ oo^z/v [ (F a eieu is stood up ) SHE'S LET DOWN," Says f AT&S. JO/W U. P//Y/VCV, OTTAWA? A'AA/S. 1 Scales In Favor Allies If Nazis Resort To Gas - W By DREW MIDDLETON LONDON, May 11—(,T) —Compe tent military observers said to night the scales were heavily weighted in favor of Britain and her Allies if Germany tried to break the Russian deadlock with poison gas in the face of Winston Churchill's assurance that the RAF would retaliate with the s a me weapon against the third Reich. Britain, these experts said, has the air power to launch a gas of fensive which would cripple com munications, drive industrial work ers from factories and possibly strike a damaging blow at Ger man morale. Dispersal of gas from planes fly ing at 27,000 feet is "perfectly feasible,” they added, and they pointed out that within the last month, four-motored RAF bomb ers have been able to bomb tar gets on the German Baltic coast, in Czechoslovakia and in Italy. Precautions against German gas warfare—which caused 1 8 0,9 8 3 British front-line casualties in the POTATO CROP IMPROVES WASHINGTON, May 11. — UP) — The condition of the early potatc crop in 10 southern states and California improved during April, the agriculture department report ed today. The May 1 condition in these states was given at 78 per cent of normal. This was two points below the crop condition on the same date last year but two above the average for the years between 1930 and 1939. ■-V CASH GRAIN CHICAGO, May 11. — UP) — Cash wheat No. 2 yellow hard 1.22 1-2; No. 2 hard 1.23. Corn No. 1 yellow 86 3-4 to 87 1-4: No. 2. 84 1-8 to 87 1-4 No. 3, 84 1-4 to 86 1-4; No. 4, 83 to 85; No. 2 white 98 3-4 to 1.01; No. 4, 99. Oats No 1 mixed 57; No. 1 white 57 3-4 to 58 14; No. 2, 57 to 58; No. 3, 56; No. 4. 53; sample 52 1-2. Barley malting 83 to 1.03 nom; Feed and screenings 56 to 65 nom. Soybeans flo. 3 yellow 1.81 3-4; No. 4, 1.71 to 1.76 1-4. 3 -V DRY GOODS NEW YORK, May 11.—UB—Ac tivity in grey goods continued lim ited today. Traders reported that while some uncertain points have been clarified, questions concern ing prices for wide goods and ma terials acquired prior to May 4 have not been adjusted. Wool clothing manufacturers were reluctant to consider civilian requirements and trading was quiet. Yarn shortages and insufficient cloth supplies curbed activity in rayon. 4 -V COTTONSEED OIL NEW YORK, May 11.—UPI—A lift in the ceiling price on cottonseed oil futures to 14.30 cents a pound, up .32 of a cent, resulted in a flurry of activity on that long-stag nant market today, 190 contracts changing hands. All except 10 of the sales were at the new maximum level and for most delivery months at the bids were made at those prices close. December deliveries were sought at 14.28 cents a pound, and in the valley and Texas bids were continued at 12 5-8 cents and 12 1-2 cents, respectively. 3 -V CHICAGO BUTTER CHICAGO, May 11.— tB—Butter was unsettled today; resh 93 score 38 1-4; 92, 37 1-2; 91, 37 1-2; 90. 37 1-2 outside; 89, 36 1-2; 90 centraliz ed carlots 37 1-2; 89. 37. 3 -V SPOT COTTON CHARLOTTE, N. C„ May 11. (1B—Spot cotton 20.30. first World War—have constituted a cardinal point of British war strategy since this conflict began. Laboratories, training schools and industries have been storing gas and investigating new means of dispersal. Anti-gas measures, in volving gas masks for all civilians and extensively equipped decon tamination squads and shelters, date back to Munich days. Any liquid gas can be sprayed from the air by replacing the bomb racks of Britain’s big air craft with tanks of the chemical, Ejected at an altitude of several miles, the gas would reach the ground in a fine mist. This, say experts, could immobilize entire sections of such factory towns as Stuttgart, paralyze naval shore in stallations like those at Kiel and close railroad centers and roads for many hours. ! Small bombs also might be filled with choking gas. Despite the immediate danger oi reprisal, some military observers believe, however, that the tempta tion to the Germans to use gas in Russia is growing. The German army is engaged in positional warfare on most fronts and the areas through which it hopes to drive this year are stud ded with strong points which vary in size from a small village to a large fortified area. In Poland, Flanders and France, the Germans moved around these areas and reduced them at lei sure. Against Russia they found this impossible. Hence their need to neutralize these positions and check counter-attacks. Gas would be a cheaper and easier method of overcoming these points than assault by armored and infantry divisions. Latest figures show there is one gas battalion per corps in the German army and some German tanks are equip ped for the emission of gas. (The German radio said Prime Minister Churchill’s Sunday speech and its threat of RAF gas reprisals against military objectives in Ger many if the Germans use gas in Russia, was not mentioned in the German press, but for outside con sumption Berlin broadcasts reiter ated Hitler’s “assurances” that Germany would not use gas until it was employed by Germany’s en emifis (Official Russian dispatches last Saturday reported the experiment al use of German gas mines on the Crimean front). -V RICHMOND LIVESTOCK RICHMOND, Va„ May 11— UP — (USD A)—Livestock: Hogs-steady with Friday. Top 13.25. Good and choice 180-300 lbs 13.25; 100-120 lbs 11.75; 120-140 lbs 12.25; 40-60 lbs 2.75; 60-80 lbs 3.05; over ?00 lbs. 3.00. Sows under 350 lbs 12.50; over 350 lbs 12.25. Stags 9.25. Cattle-steady. Good and choice fat steers upward to 12.25 and slightly above; medium to good slaughter kinds 10.25-11.50, with plainer offerings downward to 8.75. Not enough other classes sold to establish a market. Cows and bulls quotable steady. Fat cows 8.00-9.00, canners downward to 6.00 or be low. Heavy sausage bulls 10.00 10.50, and good beef type bulls higher; common to medium around 7.50-9.50. Vealers about steady Good to choice mostly 13.50-14.00. Sheep—No sheep or lambs on the market early. "ATHLETE'S TOOT" Make This Overnight Test It requires a strong penetrating fungi cide to reach the germs. Many liniments and ointments are not penetrating fungi cides. TE-OL solution is made with 90% alcohol which increases penetration. Feel it take hold. Get 35c worth from any druggist. Your 35c back next morning if not pleased. Saunders Drug Store. Body Of Woman Found In New York Apartment NEW YORK, May 11.— Uft—.An attractive woman, identified as Mrs. Ruth Ballenberg, 26, was found dead today in the bedroom of her upper Manhattan apartment an apparent victim, police said, of strangulation. Marks were found on the wom an’s throat. There was a scratch over her right eye and on the neck, and her mouth and nose were bloody as though she had been struck. The body was discovered be tween twin beds in the well-fur nished, three room apartment. A window leading from the bedroom to a fire escape open. hogueIs'named TO RIVERS BODY Wilmingtonian Is Elected Vice-President Of Na tional Congress Appointment of Cyrus D. Hogue, chairman of the Wilmington Port commission, as vice-president of the National Rivers and Harbors congress was announced Monday by President Dewey Short. He has also been selected as a delegate at large to attend the 36th annual convention of the Na tional Rivers and Harbors Con gress at the Congress Hotel, Chi cago, 111., on May 29-30. Important matters to be con sidered by the convention will in clude: “I. Immediate construction of an adequate fleet of both steel and wood shallow-draft barges and towboats to be built at important river and Great Lakes cities, with out interfering with the merchant marine program. “2. Immediate construction, as proposed in pending legislation, of a pipe line and barge canal across the State of Florida from Port Inglis, where Texas and Louisiana tankers and barges would dis charge cargoes, to Palatka, where barges would be loaded for the voyage north through the Atlantic intracoastal waterway. “3. Expansion of the existing fleet of towboats and barges for gasoline and oil shipments up the Mississippi-Ohio River system to Pittsburgh, for transportation by tank cars or otherwise to New York and New England. ”4. Deepening of the Gulf intra coastal waterway from 9 to 12 feet, with a new and safer channel from New Orleans to Mobile as recent ly surveyed by the Army Engi neers. “5. The present and future sta tus of our National flood control, navigation, reclamation, and con servation program with special ref erence to the urgent necessities of National Defense.” An informal, round-table discus sion will be held where delegates will be given an opportunity to present any matters affecting their sections for consideration and ac tion by the Congress. ■-V Legion Planning Streamlined Meet For Early Autumn CHICAGO, May 11—UP)—A small, short, streamlined convention — stripped of traditional crowd-draw ing features and formal frolic — was planned today by the Amer ican Legion. Setting a significant war -time precedent for larger annual gather ings, the organization’s convention liaison committee announced that the 1942 conclave would be con fined to a week-end business meet ing of a limited number of dele gates and officials to avoid placing a burden on the nation’s transpor tation facilities. The committee recommended that the sessions be held Sept. 19, 20 and 21 at the Legion’s perma nent national headquarters in In dianapolis. National Commander Lynn U. Stambaugh telephoned his approval from Atlanta, Ga. The plans will be voted upon by tele graph by members of the National Executive committee within the next few days and their decision will be made public by Stambaugh. PERUVIAN PLEDGES HELP FOR VICTORY President, Addressing Con gress, Predicts Peru Will Be Important Factor WASHINGTON. May 11— (0 — President Manuel Prado of Peru, delivering the first speech ever made to Congres by a foreign president, pledged his nation today to work for a United Nations vic tory and predicted that Peru would be “a factor of real importance" in defending the Western Hemis phere. The speech, made separately in the Senate and House, brought President Prado’s five-day visit to Washington to a climax. He left tonight for Detroit where he will tour war production plants tomor row. "In the name of Peru, whose destinies I have the honor to guide, I reiterate in this supreme mo ment her spontaneous adherence to the international policy of Presi dent Roosevelt,” the Peruvian chief executive said. He declared that Peru, which has broken relations with Germa ny, Japan and Italy and which is cooperating fully in the hemis pheric defense program, “could not hesitate for a sing'e moment in adopting a definite and decided position in the face of the out break of forces which are trying to drown in blood every notion of freedom in order to perpetuate over the planet a system of racial hegemony. . The president, speaking English with difficulty, was cheered and applauded as he delivered the same speech in both the House and Senate. Although kings, foreign minis ters, generals and princes have spoken before Congress, the Lib rary of Congress said Dr. Prado was the first foreign president ever to have the privilege. --V MIDDLING NEW ORLEANS, May 11.—W The average price of middling 15 16 inch cotton today at ten desig nated southern spot marke's was 7 points lower at 20.20 cents a pound; average for the past 30 market days 20.20; middling 7-8ths inch average 19.61. 3 By George B. Anderson We’re being urged to conserve, and we’re agreed that we can help win the great war by wagipg a personal war on waste. A few short-sighted theorists have accused advertising of being wasteful, simply because it in volved an expenditure on the part of business. Such muddy thinking is hardly worthy of consideration, but let's take a quick look at ad vertising’s record. Advertising profits maintain Amer ica's outlets of public information free of interference or subsidy. Ad vertising has bejn responsible in this country for a really free press. In those countries where advertis'/g revenue is insufficient, you find the press the servant of a subsidy. Advertising creates sales—and pro fits—for industry and retail busi ness. It builds greater markets—and greater profits. In the final analysis, it provides the basis of income for business . . . the income from which taxes are taken. It maintains public morale. It acts as an educational force. It regulates traffic in merchandise at a time when such regulation is of vital im portance. And yet, in 1941, a good year, ad vertising accounted for only about two per cent of the national income. It was so efficient in the use of man-hourss and materials that its use of men and money and goods was negligible in comparison to the business it created and maintained. You can’t name another business that can create so much from so little. RAPID PACKAGE DELIVERY Between Wilmington and Jacksonville North Carolina Only Packages of 150 lbs or Ism accepted for Transportation FOR FURTHER INFORMATION Wilmington Jacksonville Dial 3311 • Dial 3226
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
May 12, 1942, edition 1
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