Newspapers / Wilmington Morning Star (Wilmington, … / June 12, 1942, edition 1 / Page 12
Part of Wilmington Morning Star (Wilmington, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
International Developments Leave Stocks Generally Unresponsive ' I TRADING SLUGGISH ON NEW YORK MART British And Russian Lineup Fails To Spur Buyers In Thursday Sales NEW YORK, Jun 11.—<#—Im portant international news develop ments today found the stock mar ket generally unresponsive. The direction of the list was cloudy at the start and, while many leaders tacked on modest fractions in the latter part of the proceedings, losers were plenti ful at the close. Announcement of the new Brit ish-Russian lineup, the surprise visit of Soviet Foreign Commissar Molotov to Washington and the agreement between him and the President on the urgency of a sec ond front in Europe this year, fail ed to spur buyers or sellers to any noticeable extent. The feel ing still was present that the mar ket was entitled to further correc tion after its brisk May-June rally. The Associated Press average of 60 stocks was unchanged at 35.S. Dealings tapered off and trans fers for the full proceedings to talled 281,910 shares compared with 313,300 yesterday. Among issues retaining small plus signs were Chrysler, General Motors, Southern Pacific, Great Northern, Montgomery Ward, Sears Roebuck, U. S. Rubber, Goodyear, International Harvester, Westinghouse, General Electric Du Pont and United Aircraft. Liggett & Myers “B” and Doug las Aircraft fell 2 points each and Union Pacific was off 1 3-4. Less casualties included Santa Fe, U. S. Steel, Sperry, American Smelt ing, Allied Chemical, Philip Mor ris, Deere, North American and Johns-Manville. American Telephone regained its equilibrium in the wake of yes terday's drop of 3 points attribut ed to dividend apprehension. It finished up 1-4 at 117 3-4 after opening 1 hour and 45 minutes late. The market stalemate was ex emplified by the fact, that of 584 individual stocks traded, 199 were up. 198 down and 187 unchanged. Bonds were as uneven as shares and commodities ■> were erratic. Cotton futures jumped more than $1 a bale, then turned around and finished off 75 cents to $1.15 a bale. At Chicago wheat was up ' 1-4 to 5-8 of a cent a bushel, corn ' down 1-8 to 1-2 and hogs steaefy. In the curb Empire District Electric Preferred was up 8 1-2 points on a 10-share sale and Em pire Common Advance 4 on a 100 share transportation. Up fractions were American Gas, American ; Light and Gulf Oil. On the offside 1 were International Petroleum, ' Sherwin-Williams and Niagara Hudson Power. Turnover here ag- < gregated 51,095 shares versus 59,- ] 670 the day before. STOCK AVERAGES 30 15 15 60 < Indust Rails Util Stks i Net change . a.l d.2 a.l Unch Thursday .. 52.3 14.5 24.2 35,!i ■ Month ago __ 48.1 15.0 22.9 33.5 ! Year ago .. 59.3 17.2 331.8 41.8 I 1942 high .. 56.0 17.6 27.3 38.7 1942 low ... 46.0 14.5 21.1 32.0 . 1941 high _. 63.9 19.0 35.5 45.0 ! 1941 low ... 51.7 13.4 24.5 35.* 60-Stock Range Since 1927: 1930-40 1932-37 1927-29 High . 54.7 75.3 157.7 Low .. 33.7 16.9 61.8 -V CHICAGO WHEAT CHICAGO, June 11.—UPi—Wheat No. 2 mixed 1.16 1-4. Com No. 1 yellow 85 3-4; No. 2, ! 85-86 3-4; No. 3, 84 1-2-86 14; No. 4, 82 1-2-83 1-4; Uo. 2 white 98 1-2; ! No. 3, 98 1-2. ] Oats No. 1 mixed 50 1-4; No. 2, BO 1-4; No. 1 white 51; No. 2, 50 1-2-3-4; No. 3, 48 3-4 No. 4, 46 1-4-50 1-4. Barley malting 98-1.06 nominal; t hard barley 81-87 nomina.; feed 1 and screenings 58-62 nominal. : Soybeans No. 2 yellow 1.69 1-4- i 8-4; No. 3, 1.65 1-4-1.69; sample i grade yellow 1.60. ( "I OWE POWO-LIN MY EVERLASTING PRAISE," DECLARES MRS. RHODES _ k__ PMy Miserable Distress Almost I Made a Nervous Wreck Out of Me,” She States—Pow-o-lin Wins i Her Strong Endorsement. / From far and near, throughout (the entire State, Pow-o-Lin is earn ing and receiving the grateful, (heartfelt praise of well-known men and women who declare this purely Sierbal medicine has proven a boon !to them. One of scores of your own neighbors to report welcome relief from her harassing distress is Mrs. C. M. Rhodes, former well-known resident of 107 N. Aleton St., Dur ham, now residing at Zebulon, N. C., fctoute No. S, who declares: "If you had searched the city and county over, I don’t believe you could have found a more wretched nervous, let-down, discouraged man or woman. No matter what I ate, I wouM suffer with gas pains and bloat until I felt so stuffy I could hardly draw a deep breath. My head lached something awful, and dark spots would dart before my eyes, making me feel faint. Constipation jwas the bane of my life, resulting in a sluggish, achy, worthless feel ing that made my work drudgery, trobbed me of needed sleep and tbreed me to take strong, upsetting axatives that kept me feeling upset. I ate eo little my weight was down and I hardly had energy to go from room to room. "Pow-o-lin relieved me of my dis tress In short order, I feel more like MRS. C. M. RHODES eating, food seems to five me strength and energy. The headaches and achy sluggishness are relieved, too, and I feel so good I want to tell all eafferer* everywhere of gay happy experience with this grand medicine.” Such voluntary praise must be do served, for thousands declare Pow o-lin has proven a messing to them. Pow-o-lin is a purely herbal laxa tive preparation for the relief of dis tress as described by Mrs. Rhodes when due to constipation. Pow-o-lin may be obtained at Tom’s Drug Etore. I Closing Stock Quotations BX THE ASSOCIATED PRESS GOVERNMENT Treasury: 3%s 47-43 . 102.25 2%s 60-55 - 110.15 2%s 65-60 110.14 2%s 72-67 . 101.9 DOMESTIC A T and Sf 4s 95..109 B and O Cv 60 St. 19 Can Pac 4s Perp -- 7014 C B and Q 4%s 77 . 64% Chi Gt West 4s 88 _ 63% Cri and P Rfg 4s 34. 12% Clev Un Term 4%s 77c.- 61% Fla East Cst 5s 74_ 12% Hud Coal 5s 62a _ 39% Hud and Man Rfg 5s 57_ 44% 111 Cent 4%s 66 . 42% Int Gt N Aj 6s 52- 1% M K and T Aj 5s 67_ 15% Mo Pac Gen 4s 75__ 2% N Y C Rf 5s 2013 -48% Nor Pac 6s 2047 _ 60% Penn R R Gen 4%s 65_101% Phil Rd C and I Cv 6s 49_ 9 Seab A1 Cn 6s 45_ 8% So Pac Rfg 4s 55_ 62% So Ry Cn 5s 94 .. 89% So Ry Gen 4s 56_ 63% West Md 4s 52 .. 85 Foreign: Brazil 6%s 26-5T . 30% Closing Bond Quotations BY THE ASSOCIATED PRESS Air Reduction _ 3144 Alaska Jun _ 24$ A1 Chem and Dye_1354$ Alleghany - 44 Allis Chal Mfg. 244$ Am Can _ 684$ Am Car Fdy _ 234$ Am Coml Alco- 9 Am Rad and St S__ 44$ Am Roll Mill -. 94$ Am Smelt and Ref_ 364$ A T and T .1174$ Am Tob B _j_ 454$ Anaconda _ 2344 Arm 111 . 24$ A T and Sf. 324$ ACL . 204$ Atl Ref . 1544 Aviat Corp _ 244 WHEAT TAKES ANOTHER RISE Reaches High For Past Two Weeks As Market Finds Renewed Strength CHICAGO, June 11.—(IP)—Rising as much as 2 cents a bushel again ;oday, wheat prices reached highs 'or the past two weeks as the mar ket found renewed strength in the senate Agriculture committee’s •ecommendation favoring legisla ion that would require crop loans at full parity this year. Wheat closed y4-% higher than yesterday, July $1.19%, September SI.21%-%; corn %-% lower, July 16%-%, September 89; oats un ahanged to y4 off; rye y4 lower to 4 higher; soybeans %-% higher, soybeans were up about 2 cents at ane time while rye showed gains >f almost that much. Open High Low Close WHEAT— fly.. 118% 120% 118% 119% sep .120% 123% 120% 121% Dec ..123% 126% 123% 124% CORN— riy . 86% 87% 86% 86% iep - 89% 90 88 % 89 Dec . 91% 92% 91% 91% OATS— ly. 48% 49% 48% 48% iep . 49% 50% 49% 49% Dec . 51% 52% 51% 51% SOYBEANS— fly old .... 171% 173% 170% 171% fly new. 173% Dct.171% 173% 171 172 Dec .173% 175 1 73% 173% RYE— fly- 64 66 63% 64% iep . 67 69 66% 67% Dec .. 71% 73 70% 71% LARD— fly . 12.60 12.65 12.60 12.65 iep. 12.75 Dct .. 12.6! Dec . 12.7a -V COTTON FUTURE8 NEW ORLEANS, June 11.—{IP)— Dotton futures closed 9 to 14 points let lower. Open High Low Close fly .. 18.10 18.25 17.90 17.93 Off 09 Dct _ 18.59 18.78 18.37 18.45 Off 10 Dec _ 18.70 18.91 18.51 18.57 Off 11 fan . 18.78b_ _18.60b dch _ 18.90 19.08 18.70 18.72b day . 19.06 19.17 18.83 18.83 Ciff 14 b—Bid. -V CHICAGO BUTTER CHICAGO, June 11.—(®—Butter vas 1-2 lower to 1-4 higher today; one steady; 93 score 38 3-4; 92, 18; 91, 35 1-4; 90, 34 3-4; 89, 34 1-4; 8, 32; centralized carlots, 90 score 5 3-4; 89, 34 1-4 inside; 88, 33 1-4 'Utside. Baldwin _ 10% B and O_ 3 Barnsdall _ 8% Bendix Aviat_ 30 Beth Stl . 51% Boeing Airpl_.— 14Vt Borden _ 19% Briggs Mfg_._ 18% Budd Wheel _ 6% Burl Mills - 18% Calumet and Hec--- 5% Can Pac -——. 4% Cannon Mills --—- 31 Caterpil Trac_ 34% Ches and O .- 30% Chrysler . 60% Colum G and E_-— lVi Coml Credit - 20% Coml Solv - 8V4 ' Comwlth and Sou-— 3*16 Consol Edis - 13% Con Oil_-— 4% Cont Can -- 26% Corn Prod- 49% Curtiss Wright - 6 1 Curtiss Wright A- 20% Davison Chem - 9% Del Lack and W- 3% Doug Aire _ 53% Dow Chem _- HO Du Pont _113% Eastman Kod ...- 126 Elec Auto Lt - 26% Elec Pow and Lt- 1% Firestone __-—- 15% Gen Llec - ws Gen Foods _ 29% Gen Mot . 37% Gillette . 3% Goodrich _ 17% Goodyear - 17% Graham Paige- % Gt Nor Ry Pf. 20% Hupp Mot -- % 111 Cent .. « Int Harvest- 46% Int Nick Can . 27 % Int Tel and Tel- 3 Johns Man- 56% Kennecott-- 27% Kroger Groc _ 26% Libby O F G1- 24% Loews _ 41% Lorilard - 13% Louis and Nash --— 59% Mack Truck...— 29 McCrory Stores - 11% Mont Ward - 29% Murray Corp - 5% Nash Kelv- 5 Nat Biscuit - 15% Nat Cash Reg - 16% Nat Dairy Prod _-—— 14Vs Nat Dist . 21% Nat Lead _-_....... 13% Nat Pow and Lt- 1% N Y Cent . 7% No Am Aviat- 10% North Am _ 3 Nor Pac _ 5 Ohio Oil . 7% Otis Elev . 12% Pac G and E _ 19% Packard - 2 Param Pix - 15 Penny J C -- 66% Penn Dix _- 1% Penn R R. 19% Pepsi Cola _ 21% Phillips Pet _ 36% Pitt Scr and B_ 4% Pub Svc N J .-- 10% Pullman _ 21% Pure Oil. 7% Radio _ 3% Rad K O .. 2% Rem Rand _ 8% Rep Stl... 13% Reynolds B _ 24% Seab A L _- 5-32 Seab Oil _ 11% Sears _'-... 53% Socony Vac _ 7% Sou Pac _ 10% Sou Ry _ 13% Sperry . 24% Std Brands _ 3% Std Oil Cal.—. 20% Std Oil Ind . 24% Std Oil N J .. 34% Stewart Warner - 4% Studebaker - 4% Swift . 23% Tex Co . 34 Tex Gulf Sul. 30% Timken Det Ax- 24% Trans and West Air- 10 Un Carb_...- 64% Un Pac _ 66% Unit Aire . 24% Unit Corp_ % Unit Drug _ 5% Unit Fruit _ 55% Unit Gas Imp _ 3% U S Pipe - 25 Vs U S Rub . 18 U SaSteel .. 46% Vick Chem . 35 Warner Pic - 5% West Mary _ 2 Western Union _ 25% West Elec and Mfg_ 71% Wilson - 4% Woolworth - 26% Yell T and C--■*.. 11% Youngs S and T _ 29% Final stock sales _281,910 CURBS Can Marconi _ 7-16 Cities Service . 2% El Bond and Sh_ 1 Gulf Oil . 27 -V STOCKS IN THE SPOTLIGHT NEW YORK, June 11.— (IP) — Sales, closing price and net change of the 14 most active stocks today: Radio 6,000—3%; no. Colum G and El 4,700—1%; no. U S Steel 4,300—46%; down %. Cons Edis 4,100—13%; up %. Pan Am Airw 4.100—17; down %. Atl Refin 4,100-15%; down %. Gen Elec 4,100—25%; up %. Gen Mot 4,000—37%; up %. Std Brands 4,000—36; down %• Packard 3,700—2; no. Int Mer Mar 3,700—7%; up 1. Comwlth and Sou 3,600-3-16; no. Socony Vac 3,400—7%; no. Woolworth 3,300—26%; up %. WHEAT RECEIPTS RUNNING LOWER Due To Scarcity Of Storage Space, Say Traders; Corn Processing In@eased CHICAGO, June 11.—UP)—Wheat receipts at principal terminals continued to run far below year ago volume today. Traders said this was due to scarcity of storage space and the high government loan rate, which suggested the movement of new grain to market this year will be unusually slow. The 12 principal interior termi nals received 598,000 bushels com pared with 565,000 a week ago and 1.177.000 a year ago. Corn arriv als have been running larger than a year ago, reflecting large scale industrial requirements. The extent to which war de mands have stepped up processing of com was show* by a report of the com industries research foun dation which showed operations of 11 refiners of starches, syrups, sugars and other products of corn ground 10„204,925 bushels during May for domestic use compared with 8,673,561 a year ago. The Iowa cooperative crop and livestock reporting service, in its first survey of com condition in the banner producing state, indi cated a large crop is in prospect. Average condition on June 1 was reported at 87 per cent of normal compared with 90 a year ago but 5 points higher than the 1930-39 average. Iowa’s acreage is up 7 per cent. The survey indicated 97 per cent of the acreage is in Hybrid seed compared with 95 per cent last year. Another shipment of com east by lake boat was reported. It totaled 89.000 bushels. Traders expressed belief this was more government com possibly being put in position for lend-lease export. _XT_ CHICAGO LIVESTOCK CHICAGO, June 11.—C3P)—After opening steady to 10 cents higher, hogs turned weaker in late trad ing today and closed unchanged to 10 cents down. Early top was $14.30 but nothing approached that level at the finish. Steers were also under pressure, closing weak to 15 cents down. Prime quality was absent and best offerings brought only $14.65. Cows and bulls weakened, but heifers held steady. (U. S. Dept. Agr.l—Salable hogs 10,000, total 17,000; opened steady to 10 higher; lost all of early ad vance and closed weak to 10 low er; top 14.30; bulk 180-300 lbs. 14.00- 25; heavier weights down to 13.90 and below; most 160-180 lbs. 13.65-14.15; most good, 400-550 lb. sows 13.50-85; shippers took 1,000; holdovers 1,000. Salable cattle 5,500, calves 1, 000; good to choice steers weak to 15 lower; top 14.65; mostly 12.00- 13.75 market; kinds selling at 12.50 upward showing most weak ness; common and medium grades steady to weak at 12.25 down to 11.00; heifers steady; best 13.75: cows steady to weak; cutters 8.75 down; most fat cows 9.25-10.00; bulls 10-15 lower; practical top weighty sausage offerings 11.75; vealers steady at 14.75 down; 15.00 paid sparingly on choice 175-200 lb. averages; stock cattle slow, 25-50 lower for week to date. Salable sheep 3,000, total 5,500; fairly active; fed shorn lambs 25 50 higher than Monday’s (cw) av erage; native springers strong to 15 higher; fat sheep around steady; several decks good and choice 85-95 lb. shorn lambs with mostly No. 2 pelts 13.50-14.25; mostly 13.85 up; few throwouts 11.50; small lots -choice native springers 15.75-16.00; bulk fat na tive ewes 6.50 down. -V NEW ORLEANS COTTON NEW YORK, June 11.— (JP) — New Orleans selling and liquidation forced cotton futures down to losses of 75 cents to $1.15 a bale today -after prices had been irreg ularly higher most of the session. Bullishness appeared after the Senate agriculture committee rec ommended passage of the Bank head bill providing for loans at full parity prices on 1942 crops. Later it was reported the Senate insisted on an amendment in the agricultural supply bill to permit sale of surplus grain at sub-parity levels and prices soon tended down ward. The range follows: Open High Low Close Jly — 18.16 18.26 17.86 17.90 Off 23 Oct .. 18.41 18.59 18.17 18.20 Off 18 Dec . 18.53 18.74 18.28 18.33 Off 19 Jan . 18.60 18.76 18.60 18.42nOff 17 Mch . 18.71 18.93 18.48 18.54 Off 16 May _ 18.80bl9.00 18.61 18.65nOff 15 Spot middling-19.41n. b—Bid; n—Nominal. THIS CURIOUS WORLD X5S2 | 1 1 ... = - ■ ■" ■ a OLDER. PARENTS ARE MORE LIKED/ TO HAVE TWINS THAN ARE YOUNGER PARENTS. \ COM. maBYNtASWVie*. INC. I 1 A LARGE i W?A6CNfty 1 HAS EVES AS BIG , AS THOSE OF A t SAOCAS4*/ 1 IFyOU MULTIPLY THE NUMBER OP KITTENS THAT LOST THEIR. MITTENS BY THE NUMBER.OF BLACKBIRDS BAKED IN A PIE, WHAT WILL BE C% THE CORRECT ANSWER, g' t. m. me. u. a. pat, off. • 6-11 ANSWER: Three little kittens . . , four and 20 blackbirds ... an swer, 72. Bonds Lean Offside In New York Trading NEW YORK, June 11.—(PV-The bond market leaned to the offisde again today although an increas ing amount of resistance develop ed in various groups late in the session. On average, the rails, industrials and low-yields in the Associated Press index gave slight ground and the utilities and foreign is sues held unchanged. On Wednes day every group showed declines. Volume was about unchanged at $5,058,000, par value against $5, 078,500 the day before. Declines of fractions to a point or more were numerous and in cluded Columbia Gas & Electric 5s at 83 1-2, Santa Fe Adjustment 4t at 89 1-4, St. Paul 5s at 14 1-2, New York Central 5s at 47 3-8, and Wisconsin Central 4s at 28 1-2. Improving moderately were, among others, Union Oil of Cali fornia 3s, Western Maryland 4s, International Hydro Electric 6s, Nickel Plate 4 l-2s, Portland Gen era. Electric 4 l-2s and Brooklyn Union Gas 5s. U. S. Governments were narrow on the stock exchange and out side market. Some South American loans backed away but other foreign loans were fairly well supported. Denmark 6s were up nearly a point at 48. BOND AVERAGES 20 10 10 10 Rails Indus Util For Net change, d.4 d.l Unch Unch Thursday 60.6 103.1 95.5 49.o Prev. day .. 61.0 103.2 95.5 49.3 Month ago .. 64.2 103.6 93.9 47.4 Year ago .. 64.7 104.8 101.3 44.7 1942 high 65.6 103.7 100.6 49.4 1942 low ... 60.4 102.6 93.6 41.5 1941 high ... 66.5 105.4 102.2 51.4 1941 low 58.3 102.9 98.9 38.0 10-Low Yield Bonds Thursday _112.0 Previous day _112.1 Month ago _112.0 Year ago . 113.S 1942 high.. 113,1 1942 low ....ill 7 1941 high.115.1 1941 low _112.1 Final bond sales _$5,058,000 -V CHICAGO POTATOES CHICAGO, June 11.—<A>>— (U. S. Dept. Agr.)—Potatoes, arrivals 111; on track 290; total U. S. shipments 1,000; supplies moderate, demand slow; for best stock market slight ly weaker, for off condition south ern stock market weak; Califor nia long whites U. S. No. 1, 3.00-12 1-2; Louisiana bliss* tri umphs U. S. No. 1, 2.40-50; Arizona bliss triumphs U. S. No. 1, 3.40; Alabama bliss triumphs U. S. No. 1, 2.75-3.00; North Carolina cob blers U. S. No. 1, 2.55-60. -V— EGG MARKET RALEIGH, June 11. — IP1) — (NCDA)—Egg and poultry mar kets steady. Raleigh—U. S. extra large (clean white) 30 to 31; colored hens 17 to 18. N. Y. DRYGOODS NEW YORK, June 11.—^—Cot ton goods mills restricted offer ings to the civilian trade today, reflecting expectations of further large scale government orders. New business in woolens was slow but women’s wear lines for fall and winter were expected to improve as soon as the trade had digested the latest O. P. A. order relaxing price rules. Rayons were inactive. -V N. O. SPOT COTTON NEW ORLEANS, June 11.—UP)— Spot cotton closed quiet 9 points lower. Sales 44. Low middling 15.33, middling 18.33, good mid dling 18.78, receipts 194, stock 403,884. How the Order Limiting Telephone lnstallations May Affect tyou To turn out moro and more weapons for our fighting men, our Govern ment has called upon the telephone industry and the telephone-using public to limit new telephone instal lations to an extent that will divert annually thousands of tons of vital metals and rubber to war production. If you are a new applicant for service or a business or residential subscriber, the limitations of the War Production Board order may affect you, depending upon how much equipment is now available to serve the future requirements of essential individuals or agencies in your community. Specifically, this is how the or der may affect you; NON-SUBSCRIBERS, business or residential, may not be able to ob tain telephones in some instances. BUSINESS CUSTOMERS, par ticularly those with private branch exchanges and other large service installations who move to new loca tions or who wish other changes, may not be able to obtain the de sired arrangements. RESIDENTIAL SUBSCRIBERS who move may not be able to obtain telephones or may be asked to ac cept a different class of service. We shall observe the order to the letter, confident of the public's full cooperation. We look forward to the day when we shall again be able to give you the kind of service you want, when and where you want it—but now, and for the duration, the one big task of winning the war comes first... with us, as with you. n t vv'* *»• BRYAN, Manager Southeri) Bell Telephone*rndITelesrrpiuCompftn<i »wcn rfd rated ' ’ if RICHMOND LIVESTOCK RICHMOND, Va., June 11.—(A")— (U. S. Dept. Agr.)—Livestock: Hogs: Steady with Wednesday. Top 13.25. Good and choice 180 to 300 Lbs. 13.25; 100 to 120 Lbs. 11.75; 120 to 140 Lbs. 12.25; 140 to 60 Lbs. 12.75; 100 to 80 Lbs. 3.05; over 300 Lbs. 3.00. Sows under 350 Lbs. 12.50; over 350 Lbs. 12.25. Stags 9.25. Cattle: Quiet, about steady on classes represented. Fat dairy type cows mostly 8.50 to 9.00, odd-head higher; good beef type 9.50 and up, canners and cutters largely 7.00 to 3.00, some thin canners lower. Practical top heavy sausage bulls 10.75. Vealers slow, good and choice 13.50 to 14.00, practical top 13.50. Sheep: best offerings of spring lambs around 13.50, others 13.00 lown, according to weight and juality. 3 -V FOREIGN EXCHANGE NEW YORK, June 11.—lb—Clos ing foreig nexchange rates fol low, (Great Britain in dollars, oth ers 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 do. larg in New York of buying 9.91 per cent, selling 9.09 per cent. Canadian dollar in New York epen market 10 per cent discount or 90.00 U. S. cents. Europe: Great Britain official,, (bankers foreign exchange com mittee rates) buying $4.02, selling 34.04 open market; cables $4.04. Latin America: Argentina of ficial 29.77; free 23.58; Brazil un official 6.05n; free 5.20n; Mexico 20.67n. Rates in spot cables unless oth erwise indicated. n—Nominal. -V NAVAL STORES SAVANNAH, Ga., June 11.—UP) —^Turpentine 55; offerings 65; sales 3,250 gallons; receipts 84; Shipments 168; stocks 7,602. Rosin: Offerings 447; sales 218; receipts 212; shipments 323; stocks 54,195. Quote: B 2.13; D 2.34; E 2.52; F 2.68; G and H 2.80; I 2.82; K 2.96; M 2.98; N 3.00; WG 3.05; WW and X 3.10. -V HOG MARKET RALEIGH, June 11. — W) — (NCDA)—Hog markets steady, tops of $13.25 at Richmond and 313 at Rocky Mount. -V CHARLOTTE COTTON CHARLOTTE, Pune 11. — Ufi — 5pot cotton 18.70. N. O. MIDDUnt NEW ORLEANS, „ The average price of ^ i6 inch cotton today * ft 13' nated southern spot de% 20 points lower at iT^ U *•* pound; average for* Z L? » market days 19.65; 3,1 Inch average 17.93 ‘aalu)S 7-8 WHAT STOCKS~Dip Advances _ TIJ“- W>d Declines _ ™ ly Unchanged . 321 Total issues . 19? -—V-^!84 5<1 COTTONSEED oir „ NEW ORLEANS, jjf, cottonseed oil c osed 7* Bleachable prime summer unquoted. Prime >e!°*' July 13.50b, Se“ ‘S* 13.21b, Dec. 13 10b '*■ b—Bid. Price ceilings on mercham^^ undoubtedly eliminate wild cnnT' tltive bidding for goods _ andT Sing? ' aff6Ct neW8Wr ^ Merchants and advertising are agreed that it will mean an mediate and decided upturn n in vertising. w ^ Why? Because the merchant wants to do any business w need to tell us why we shoi. buy from him In preference to som ether retailer. Manufacturers need to tell us why we should w ene brand of goods in prefere . to another. Price ceilings mean that «»r. chants will have to remain in com petition for our trade instead nf having us fight for merchandise Price ceilings keep alive that’old advertising maxim that “nobodv has buy from any certain merchant We’ll buy where we can get tin greatest value for our money; gooes service and satisfaction. We'll buy from the merchant who points out to us the most benefits to te ds rived from doing business with him, We’ll buy from the merchant whose advertising shows "Extras" for us, plus Value to be gained from no other source. We’ll reap the advantages of competition for our patronage. We’ll find merchants try ing to sell us—which means that we’ll get better values, one ever present characteristic of an adver tising-conscious market. THE GUMPS --=— ■ =====—-======?’, B-__ ___ Holding The Bag OH, NO- BNO MATTER WHAT oj<,_r fl -T- __ . _ ' '—I ' r, —--- ® —h it's still rrwe circumstance* hate -to I GREAT 4TAIK^ i ^-Suppose the police oyR^rrvTo hewpstbal ' poit ItvbI wokttbelieve u*«what REPORT HIM 1 ALLTHOSE <SAM« BUT' I ^JSwKPCV^ PROOPHAV SWE^Ot T V.. £**, LEFT if HERB*?1,- ^THACT WE'RE iKn&EWT? \ V *- Hi » I ..—*—
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
June 12, 1942, edition 1
12
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75