Newspapers / Wilmington Morning Star (Wilmington, … / June 17, 1942, edition 1 / Page 9
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War JNews Two-Sided Enough To Stem Bullish Sentiment On Mart * mm * nirnnn I ^’"'11 • n — " 71 T -—— STUCK raAKMll RATHER LIGHT fax Transports And Gold Mining Issues Fail To Repeat N£W YORK, June 16—(*— The ,tock market turned in a somewhat sketchy performance today after Lels and specialties had led a morning recovery swing for gains of fractions to a point or so. The list started with a steady trend. Top marks, attained around mid-day, were cut or converted in. to declines in many instances at the close. Air transports and gold mining issues failed 1o repeat their late runup of Monday. War news was two-sided enough to stem bullish sentiment and such buving as appeared was credited to long-pull ideas, for the most part, rather than to any thought of a nearby peace. Action of the House Ways and Means Commit tee in shelving the administration’s request for the limitation of in dividual incomes was in line wth Wall Street’s expectatons. The Associated Press average of gO stocks was unchanged at 35.7. Dealings, lively in the first hour, dwindled later and the total for the full proceedings of 278,590 shares compared with 262,840 the day be fore. Among firm spots were Postal Telegraph preferred and interna tional minerals & chemical com mon and preferred which went into new high ground for the year. Universal pictures preferred, with a large dividend accumula tion. jumped 5 pomts to 154 on -•id-lot sales of 160 shares. The company announced favorable earning's for 26 weeks e nde d May 2. Improvement was retained by r. S. Steel. Bethlehem, Santa Fe, Daw Chemical. Owens-Illinois, Tex as Co.. Pepsi-Cola, American Vis cost, Air Reduction, Eastman Ko dak. Philip Morris and Schenley. American Telephone dipped 1 3-3 and lesser losses were posted for Chrysler. Youngstown Sheet, Western Union, N. Y. Central, An aconda. Kennecott, Continental Can. American Airlines, Home stake Mining, Dome Mines, Sears Roebuck. Du Pont, United Aircraft cot Goodyear. Bonds were irregular. Commodi ties exhibited strength. At Chicago wheat was up 1 1-4 to 1 5-8 cents a bushel, corn ahead 3-8 to 5-8 and hogs down 5 to 10 cents. Cot ton advanced 65 to 75 cents a bale. In an uneven euro plus marks were tacked on Pittsburgh Plate Glass, Creole Petroleum, American Cvanamid and Sherwin Williams. Tosers included American Gas, Humble Oil, Lake Shore and Gulf Oil. Turnover here was 4 9,5 9 5 shares versus 34,104 yesterday. STOCK AVERAGES 30 15 15 60 Indut Rails Util Stks \et Chg -- a.l Unch d.2 Unch Dues _ 52.2 14.5 23.9 35.7 Prev. day 52.1 14.5 24.1 35.7 Month ago - 48.7 15.2 23.0 33.9 Year ago_ 59.2 17.0 31.6 41.6 UP 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.C 1341 low _ 51.7 13.4 24.5 35.4 69-Stock Range Since 1927: 1938-40 1932-37 1927-29 High _ _ 54.7 75.3 157.7 Low_ 33.7 16.9 61.8 WHAT STUURB Ull) Tries. Mon Advances _ 242 237 Declines_ 154 156 Unchanged_ 190 159 Total issues_ 686 552 -V FOREIGN EXCHANGE NEW YORK, June 16. — — Closing foreign exchange rates fol low 'Great Britain in dollars, oth ers in cents): Canada: Official Canadian Con 'rol Board rates for U. S. dollars; buying 10 per cent premium, sell ing 11 per cent premium, equiva lent, to discounts on Canadian dollars in New York of buying 9 91 per cent, selling 9.09 per cent. Canadian dollar in New York open market 10 1-16 per cent dis count or 89.93 3-4 U. S. cents, down 1.16 cent. Europe; Great Britain offic'al 'Bankers Foreign Exchange com duttee rates) buying $4.02, selling S-1.04 open market; cables $4.04. Latin America: Argentina offi =1 29.77; free 23.55; Brazil offi «al 6.05n; free 5.20; Mexico fc.67n. Rates in spot cables unless oth eiwise indicated. a-Nominal. -V CHICAGO BUTTER CHICAGO, June 16.— UR—Butter ’cceipts 1,435,858 pounds,; actual b'ds and offers on the Chicago -mercantile Exchange; 92 score ’Miscellaneous tubs bid 36, no of score carlot tubs on track id 35 3-4, offered at 36 1-4; 89 score miscellaneous tubs sold at Lgg receipts 23,827 dozens; cur =dt receipts cases sold at 28 1-2; "Miage packed extras on track erec* at 34, no bids; storage Packed firsts on track bid 31 1-4 do offers. -V naval stores savannah, Ga„ June 16.— M— 3nnneatine 54; offerings 283; sales gallons: receipts 306; ship (lftLa 8°: stocks 7,944. Rosin of ’■iqlngs 574: sales 128; receipts shipments 200: stocks 55,271. B 211: D 2-32’ E 2.51; F , w, G 2.80: H 2.80 I 2.81: K 2.95; x j j N 3 00; WG S 06; ww »nd Closing £>onq Cjuotations BT THE ASSOCIATED PRESS DOMESTIC A T and S F 4s 95 . 709% B and O Cv 60 St . 18% Can Pac 4s Perp ' 70 C B and Q 4%s 77_IIIIZI 64% Chi and E 111 Inc 97 ___ 22 Chi Gt West 4s 88.. 63% Cri and P Rfg 4s 34.__ i2ys Cle\r Un Term 4%s 77c .... 61% Fla East Cst 5s 74_ 12% Hud and Man Rfg 5s 57_ 42%. Ill Cent 4%s 66 _ 41 Vi Int Gt N Adj 6s 52_ 1% Lou and N 4y2s 2003 .1_ 90% M K and T Aj 5s 67 ..."_ 16y< N Y C Rf 5s 2013..__ 48 Norf and W 4s 96__125% Nor Pac 6s 2047 _ 59% Penn R R Gen 4%s 65.101% Phil Rd C and I Cv 6s 49_ 9% Seab A L 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 Australia 4%s 56.. 63 Vi Brazil 6%s 26-57 .. 31 Rio Gr Do Sul 6s 68_ 14% Final bond sales, $4,910,500. Closing Stock Quotations BY THE ASSOCIATED PRESS Adams Exp_ 6 Air Reduction _ 32 Alaska Jun _ 2% Allish Chal Mfg_ 24% Am Can _ 68% Am Rad and St S_ 4% Am Roll Mills _ 9% Am Smelt and Ref .. 36% Am Sug Ref . 16% A T and T ..._ 114% Am Tob B . 46% Anaconda _ 24 Arm 111 _ 2% A T Sf.. 33% ACL .. 20 y* SOYBEANS HELP GRAIN PRICES Reports Of Full Parity Loans On Commodities Steadies Mart CHICAGO. June 16.— (VP) — Strength in soybeans, some mill buying and reports of a possible compromise which would give pro ducers full parity loans on major agricultural commodities while granting the commodity credit cor poration authority to sell govern ment owend wheat for feeding pur poses helped all grain prices to rally today. Wheat finished 1% to 1% cents above Monday’s final quotations, July $1.20% , September $1.22% to %; corn was % to % higher, July 36%, September 89%; oats rose % to %; rye 1 to 1%; soybeans 2ys to 3% and lard was unchanged. Open High Low Close WHEAT— Jly .119% 120% 119 120% Sep .- 121% 123 121% 122% Dec _124% 126% 124% 126 CORN— Jly . 86% 86% 86% 86% Sep . 88% 89% 88% 89y4 Dec _ 91% 91% 91% 91% OATS— Jly .. 48% 49 48% 49 Sep . 49% 50 49% 50 Dec _ 52% 51% 51% 52% SOYBEANS— Old .. 173% 176% 173% 176% New . 178% Oct .173% 175% 173% 175% Dec .175% 177 175% 177 RYE— Jly . 64% 65% 64% 65% Sep . 67% 68% 67% 68% Dec _ 71% 72% 71% 72% LARD— Jly . 12.75 Sep _ 12.80 Oct . 12.70 Dec _ 12.70 \T CHICAGO LIVESTOCK CHICAGO, June 16.— (/PI—A few native spring lambs sold at $16.15 on the livestock market today, highest since 1929, as salable re ceipts continued light. Shorn Iambs brought $13.25. Absence of any ceiling on dressed lamb, while both retail and wholesale ceilings are clamp ed over pork and beef, has given meat packers more leeway in bid ding for live lambs. Short runs of this time of year are seasonal. (U. S. Dept. Agr.)—Salable hogs 16,000; total 23,000: moderately ac tive, mostly steady with Monday’s average; spots 5-10 off: top 14.30; bulk good and choice 180-300 lbs. 13.75-14.30: most 160-80 lbs. 13.15 14.25; good 360-500 lb. sows largely 13.65-14.00; shippers took 1,000. Salable cattle 11,000; calves 1, 200; all grades yearlings steady medium weight and weighty steers weak to 25 lower; heifers steady to weak; cows generally steady; bulls steady to 25 lower; light kinds off most; vealers 25 lower; top steers 15.15; bulk 12.25-14.00; best heifers 14.00; most beef cows 9.25-10.25; few good kinds to 11.00; cutters 8.75 down; weighty sausage bulls up to 11.85; vealers steady mostly 14.50 down. Salable sheep 1,500, total 3,000; native spring lambs steady to strong; other classes around steady; 16.00 and 16.15 with bulk good and choice Iocs 15.50 upward; throw-outs largely 13.00 and be low; two decks 84 lb. good shorn lambs with No. 2 pelts 13.25; bulk fat native ewes 5.50-6.50; heavies around 5.00. -V NEW YORK COTTON Futures closed 65 to 75 ce a bale higher. Open High Low Close jlv 17.94 18.07 17.91 18.02 Up 15 Oct ” 18.22 18.37 18.20 18.33 Up 13 Dec 18.37 18.51 18.34 18.46 Up 14 Tan 18 47 18.47 18.47 18.53nUp la Mch 18.56 18.69 18.53 18.65 Up 10 May ’ 18.65 18.73 18.65 18.74nUp 13 Middling spot 19.55n Up 14. -V COTTON FUTURES NEW ORLEANS, June 16.—— Cotton futures closed steady 12 to 14 points net higher. Range follows: Open High Low Close July 17.89 18.03 17.88 17.99 Up 14 Oct. 18.45 18.55 18.38 18.53 Up 13 Dec. 18.57 18.68 18.51 18.65 Up 12 Jan. . 18.65b_18.71b Mch. . 18.77 18.85 18.73 18.83b May . 18.92 18.92 18.92 J8.93b Atl Ref _ 16 Atlas Pow _ 47 Aviat Corp _ 2% Baldwin- 10% B and O _ 3 Barnsdall _ 8% Bendix Aviat _.. 29% Beth Stl .. 51% Boeing April_ 14% Borden _ 19% Borg Warner _ 23% Briggs Mfg .18% Budd Mfg _ 2% Bur Add Mach _ 7% Calumet and Hec _ 6 Can Dry .. 11 Can Pac _ 4% Caterpil Trac _ 36% Champ P and F _ 14% Ches and O _ 30 Chrysler _ 60% Coca Cola _ 77% Column G and E _1% Coml Credit.. 20% Coml Solv _ 8% Comwlth and Sou _ ^32 Consol Edis - 13% Con Oil _ 5 Cont Can_ 25% Corn Prod _ 49 Curtiss Wright _ 6 Curtiss Wright A _ 19% Del Lack and W..„ 3% Doug Aire -- 53 Dow Chem _ 111% Du Pont _ 112% Eastman Kod _ 127% Elec Auto Lt - 26% Elec Pow and Lt- 1% Gen Elec _ 26 Gen Foods _ 31% Gen Mot _ 37% Gillette ..—. 3% Goodrich _ 177/s Goodyear _ 17% Graham Paige - 11-16 Gt Nor Ry Pf - 20% Hupp Mot - Hi 111 Cent ... 5Hi Int Harvest - — 46% Int Nick Can - 27% Int Tel and Tel - 2% jonns man - Kennecott _ 22% Kroger Groc - 27 Libby Of G1.. 24% Ligg and Myers B - 63% Loews - 42 Lorilard - 13% Mack Truck - 28% McCroy Stores - 11 Mont Ward - 29% Nash Kelv - 4% Nat Biscuit _ 14% Nat Cash Reg -. 16 % Nat Dairy Prod-«.- 14 Nat Dist —.-. 22% Nat Lead - 14% Nat Pow and Lt - 2 NY Cent .-. ^ No Am Aviat ---— 10% North Am - 3 Vs Nor Pac - 5 Ohio Oil .— 7% Otis Elev -- 12% Pac G and E - 19% Packard - 2% Penny J C - 66 Penn RR —.—.- 19% Pepsi Cola - 22% Phillips Pet- 37 Pub Svs NJ .— 10% Pullman - 21% Radio - 3% Rad Ko - 2% Rem Rand -.— 8% Rep Stl -.—-. 13% Reynolds B - 24% Sears .—. 524 Shell Un .—. 11% Socony Vac - 7% Sou Pac . - 10% Sou Ry ..-. 13'» Sperry - 24% Std Brands —.-. 3 % Std Oil Cal . 20% Std Oil Ind . 24% Std Oil NJ . 34% Stewart Warner . •>% Studebaker - 4% Swift —-.-. 22% Tex Co _-_ 34 Tex Gulf Sul . 30% fimken Det Ax -----. 2o-% Trans and West Air - 10 Un Carb . Un Pac . 06% Unit Aire . 24% Unit Fruit .— 08 Unit As Imp . 3% Us Ind Alco . 2b US Pipe -.-. 25% US Rub . 17% US Steel -. 46% Vanadium - J” /» Vick Chem . - 3b% Warner Pic -- West Mary . 4% Western Union - 2a West Elec and Mfg.— 71% Wilson - — 4% Woolworth - 2b % Yell T and C .- 11 Youngs S and T - 29 n Final stock sales, 278,590. CURB Can Marconi - 7-16 El Bond and Sh.. 1 Gulf Oil ..— 26% -V STOCKS IN THE SPOTLIGHT | NEW YORK, June 16. — (TP) — Sales, closing price and net change of the fifteen most active stocks today. United Corp 12,800—%; up 1-32. Int Minerals % Chem 9,700—5%; up %. Std Oil N J 9,100—34%-%. Pepsi Cola 8,100—22%; up %. Graham Paige 4,100 — 11-16, up 1-16. Radio Corp 4,000—3%; no. General Motors 4,000—37%; no. U S Steel 4,000—46%; up %. Am Radiator 3,900—4%; no. Chrysler 3.400—60%-%. Gen Elec 3.300—26; up %. Am Viscose 3,000—26%; up %. Homestake Migm 2,800-35%-%. Postal Tel Pf 2,200—15%; up %. Ohio Oil 2.200—7%; up 7/«. RAILS RECOVER SLIGHT LOSSES Rally Slowed In Final Hour By Selling Movement NEW YORK June 16—W—Rail loans in the bond market today made efforts to recover some of yesterday’s losses and in a few instances succeeded. The rally, however, was slowed in the final hour by another selling move and closing prices were mixed. Indus trial and utility liens displayed a similar irregularity. Bonds of Delaware & Hudson, Colorado & Southern and a few other carriers held the trading spotlight for a time as a result of brisk buying prompted by House adoption of the McLaughlin bill designed to assist carriers seeking adjustment of capital obligations. Corporate issues ending moder ately higher included Cleveland Union Terminal 5s at 67 7-8, Rock Island General 4s at 22 1-4, Balti more & Ohio Stamped Convertibles at 18 7-8. Delaware & Hudson re funding 4s at 54 5-8 and Laclede Gas 5s at 101 1-2. Closing fractions to around a point lower were N. Y. Central Consolidated 4s at 45 1-4. Pennsyl vania General 4 l-2s at 101 1-8. Western Union 4 l-2s at 80, and Reading 4 l-2s at 75 3-8. South American issues account ed for most activity in the foreign sector. Prices shaded a little low er. U. S. Governments were steady in quiet dealings. Transactions totaled $4,910,5 0 0 face value against $3,718,800 yes terday. BOND AVERAGES 20 10 10 10 Rails Indus Util For Net change . unch unch d.2 d.l Tuesday _ 59.9 103.1 95.0 49.0 Prev. day ... 59.9 103.1 95.2 49.1 Month ago 64.0 103.7 94.0 48.2 Year ago_ 64.4 104.8 101.4 45.7 1942 high_ 05.6 103.7 100.6 49.4 1942 low_ 59.9 102.6 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 Tuesday _112.1 Previous day _ 112.9 Month ago _112.9 Year ago _113.8 1942 high _ 113.1 1942 low _111.7 1941 high _ 115.1 1942 low _ 112.1 -V COTTON FUTURES NEW YORK, June 16.— (£>) Cotton futures prices advanced 65 to 75 cents a bale today. Quota tions once were as much as $1 a bale above Monday’s final prices as traders heard forecasts of a compromise on farm legislation in Washington. As discussed, such an agreement would permit full parity loans on major crops this year and at the same time allow the government to sell its surplus wheat at lower price. Trade orders furnished pnost of the buying, while liquidation and hedge selling were relatively light. The lack of activity in textiles markets, however, tended to re strain some buyers, trade observ ers said. The range: Open High Low Close July . 17.94 18.07 17.91 18.02 Up 15 Oct. _ 18.22 18.37 18.20 18.32 Up 13 Dec. . 18.38 18.51 18.34 18.46 Up 14 Jan.- 18.47 18.47 18.53nUp 15 Mh. _ 18.56 18.69 18.53 18.65 Up 15 May . 18.65bl8.73 18.65 18.74nUp 1.5 b—Bid; n—nominal. Spot nominal; middling 19.55, up 14. -V dry goods NEW YORK. June 16.—Cot ton goods mills anticipated fur ther priority orders and followed a cautious selling policy today. Mill releases were looked for overnight but in view of firmer raw cotton prices offerings were limited to odds and ends. Actual placement of commit- ; ments in woolen goods was held ' up pending the possibility of ad ditional government orders. There was considerable interest in the shewing of fall and winter ap- 1 parel. Demaid from rayon dress manu facturers increased but activity 1 consisted mainly of interchanging ■ of goods between converters. -V- ' TREND OF STAPLE PRICES 1 NEW YORK, June 16.—The As- ! sociated Press weighted wholesale price index of 35 commodities to day advanced to 97.88. Previous day 97.74. week ago ] 97.64, month ago 99.01, year ago 87.31. ' 1942 1941 1940 1933-39 1 High __ 99.72 95.12 78.25 98.14 Low .. 95.54 77.03 68.89 41.44 -V CHARLOTTE SPOT COTTON 1 CHARLOTTE. June 16. — UP) — < Spot cotton 18.75. ] this curious WORLD. „ I r- —— I ■ , I " '■ 1 1, House Appropriates 40 Cents For Indians Desert Water Supply WASHINGTON, June 16.—(fl5) —“For water supply for Indi ans in Arizona and New Mexi co, 40 cents.” Thus reads one of the tmall est items in the second defi ciency appropriation bill intro duced in the house. There was one smaller Item: “For salaries and expenses, national labor relations board, 35 cents.” While no explanation of the smallness of such items was given, committee clerks orten call them “bookkeeping items.” They were among claims found by the general accounting office to be due. Other items in the bill were as large as $8,235,000. -V The Bums Of The Bowery Have Lost Their “Mazie” NEW YORK. June 16.—OR—The bums of the Bowery have lost theii platinum blonde shepherdess, Mazie Phillips of the Venice thea ter who used to demand (and pay for) baths for her customers be fore she’d let them in. Mazie is writing a book and she’s quit her job because, she says, ‘‘I wanna do good.” The evangelical tone of her cig arette-husky voice would break the heart of any of the down-and-out ers to whom she once barked: “The world is all smitched up. but I’m not goin’ to have you bums lousin’ im tiie theater. Here's a quarter. Go lake a balh and come back.” But she insists that “all the mon ey I make on the book is goin’ on them poor bums. I ain’t had a chance to tell them yet.” And her new spirit hasn’t car ried her to the point of believing in organized charity—yet. “I’m not out to knock missions or such,” she says, in her apart ment under the shadow of the Brooklyn bridge. “But you ain’t goin’ to get a bum in a mission if there’s a gutter to sleep in.” Her book is based on the exper ience of 30 years of brisk friend ship with drifters, and she intends to give her observations on dirt, among other things. “Dirt’s healthy,” says Mazie. “That’s why them old bums live so long.” -V EARTHQUAKE ISTANBUL, June 16.—(&)— An earth shock strong enough to sway apartment buildings was felt in Istanbul at 8:45 a m. today. The shock lasted more than a minute, but no damage was reported immedi ately. -V RICHMOND LIVESTOCK RICHMOND, Va., June 16.— (A5)— (U. S. Dept. Agr.)—Livestock: Hogs: Steady with Monday. Top 13.25. Good and choice 180 300 lbs. 13.25; 100-120 lbs. 11.75; 120-140 lbs. 12.25; 140-160 lbs. 12.75, 160-180 lbs. 13.05; over 300 lbs. 13.00. Sows under 350 lbs. 12.50: over 350 lbs. 12.25. Stags 9.25. Cattle: Generally about steady on cows and bulls. Fat dairy type cows largely 8.25-9.00; occasional head good beef type 9.50; canners downward to around 7.00. Heavy sausage bulls, up to 10.75, odd head good beef type higher; com mon to medium mostly 10.00 down Vealers about steady, practical top 13.50 for good and choice kinds. Sheep: Good spring lambs up to 13.50; lower grades 13.00 down as to weight and quality. GUGGENHEIM GIFT HELPS RESEARCH Aeronautical Science Bene fits Through New Memorial NEW YORK, June 16.—M—Ma jor Lester D. Gardner, executive vice-president of the institute of the Aeronautical Sciences, an nounced today that the 162 - acre Long Island estate of Mrs. Daniel Guggenheim had been presented to the institute by its owner for the establishment of a center for aero nautical research and study. The gift was made by Mrs. '"'ug genheim as a memorial to her late ’ 'sband. who for many years was one of the most active patrons of aviation. The property, which is at Port Washington, N. Y., will be named Daniel Guggenheim Pf”-k. Mrs. Guggenheim said that the 40-room main residence and other buildings ‘‘can be put to immediate use for laboratories, libraries and other purposes of the institute.” Major Gardner declared that the gift would enable the institute to ‘‘make a direct contribution to the war effort by providing exception al facilities for experimental aero nautical investigations by special ists” and that it also would be of marked value in the post-war de velopment of commerical and civ il aviation. The late Daniel Guggenheim es tablished the Daniel Guggenheim school of Aeronautics at New York University with an endowment of $500,000 and in 1926 created the Daniel Guggenheim fund, with deeds of gift totaling $2,500,000. for t h e promotion of aeronautics throughout the country. The institute of the Aeronautical Sciences was organized in 1932 “to advance the art and science of aer onautics.’ 3 -y Nazis Change Attitude Toward Soldier Deaths BERN, Switzerland, June 16—W) , —A German Nazi party newspa per criticizing the attitude of the home front complained today against published notices of sol diers’ deaths. Families used to say “in proud grief,” the paper declared, but now the notices read “incompre hensible grief” or “received hard ly blievable news.” Everybody wants peace, the pa per continued, but the war must be “carried on no matter what it may bring.” A check of newspapers in recent weeks revealed that a majority of the notices, if they go beyond an avowal of grief, sa^ “died for Fatherland” whereas at the begin, ning of the war almost all Included "died for our beloved Fuehrer.” -V TURN IN RUBBER WASHINGTON, June 16.—(/P)— Rep. Anderson CR-Calif) suggest ed to congressmen today that the rubber mats under spitoons in their offices be turned in for scrap rubber during the present cam paign. -V Grandpappy Jenkins dreamed the other night there was a rub ber tree in his backyard and from its roots bubbled an oil well. tiai1\y 4,u ] 1 1 — ini f ONE HI MATCH niul propped carelessly Hu I BY A PATRIOTIC ■I'll AMERICAN CITIZEN ■AY V IN THE PINE NEEDLES ■Wf I OF A NATIONAL. njV FOREST MAY DO VXJ OAMA&£ : THAN HUNDREDS OF 1 *t «/ //VOfA/0/AG>* VL goaass » * OROPPED BY A , FLEET OF ENEMY PLANES. V___, EHitler says Germany is a 7 /W'll/SA'or NATION/ \ IS THIS TRUE / ■— r-.- ,, .. ._> ^ COPR. 1342 BY NEA SERVICE. INC AAA/.& black widow SPIDER. IS NOT KNOWN TO BITE tf£//VSS. M. REG. U. S PAT. Off. ANSWER: Yes! The Germans “have not” the morale, sup-.]jes and chances of winning that: they had a year ago. German Government Restricts Stocks BERN, Switzerland, June 16.—UPi rhe German government prohibit sd the sale of slocks of any pur :haser but the national treasury today, in effect permitting the government to take control of any Herman industry at any time by legal means. The government announcement said that stockholders selling their securities to the treasury would be reimbursed in treasury bonds at Ihe market price of the securities 3n Dec. 31. 1940. These rates are generally 10 to 16 per cent below Ihe quotations of the last few lays. This drastic order followed upon i limitation on stock trading to a ;wo per cent daily price fluctua tion, imposed by the government n February. Industrialists com plained bitterly at that time. The new measure was inter preted here as an additional check yn inflation, signs of which have reen increasing. -V CASH* GRAIN CHICAGO, July 16.— UPt—Wheat Vo. 2 red 1 28. Corn No. 3 yellow 85 1-4—86 1-2 Vo. 3 85—86 1-4; No. 4, 84 1-2; Vo. 5, 82—82 1-2; sample grade yellow 82; No. 1 white 99. Oats No. 1 mixed 50 1-4; No 1 vhite 51 3-4; No. 3, 4 83-4—49; Vo. 4, 48 1-2; No. 1 special red >0 1-2. Bailey malting 99—1.07 nominal; lard barley 81—87 nominal; feed >nd screenings 58—62 nominal; Vo. 3 malting barley 1.07. Soybeans No. 2 yellow 1.72; No I, 1.67 1-2—1.70 1-2; No. 4, 1 61 1-4—1.64 1-2. -V N. C. POULTRY RALEIGH, June 16.—(A>)—fNC 3E)—Egg and poultry markets iteady. At Raleigh—U. S. extras large (clean white) eggs 31; colored tens 17 to 18. At Washington — U. S. extras arge (graded white) eggs 34 to S6; colored fowls 21 to 22 -V— CHICAGO POTATOES CHICAGO, June 16.— UP) —Pota oes, arrivals 132; on track 278; iupplies liberal, demand fair; to’. al U. S. shipments 659; Califor >ia long whites US No. 1, 3.10-3.25; Arkansas Bliss Triumphs U. s’. Vo. 1, 2.20-2.30; Alabama Bliss Tri imphs U. S. No. 1, 2.40-2.75; North Carolina cobblers U. S. No. 1, 2 25 1.35. -V N. Y. COTTONSEED OIL NEW YORK, June 16. — UP) — Reachable cottonseed oil futures dosed 5 to 6 higher. Sales 2 con racts. Dec 13.55. -V N. C. HOG MARKET RALEIGH, June 16. —UP) — (NC 1A)—V-'g markets steady, tops of 13.25 at Richmond and $13 at locky Mount. WHEAT RECEIPTS EXPECTED SOON First Returns From New Crops Due Today Or Tomorrow CHICAGO, June 16—(IP)—Kansas City trade reports indicated the first receipts of new crop wheat were expected there today or to morrow. Due to a prolonged spell of wet weather in the southwest move ment of new wheat has been later than at any tim in the past ten years. The first new crop gram was being reshipped from Wichita, Kan., which market had its first arrivals of the season yesterday, when five cars from South Central Kansas and Northern Oklahoma came in. The grain graded No. 1, weighed 61.3 to 61.7 pounds and had a moisture content of 14.4 to 14.6. It sc Id at approximately 1-2 cent under the July contract at Kansas City, or about equal to the cus tomary basis of the past few years on first offerings of ordinary pro tein tough wheat. Kiowa, Kan., which frequently places the first new wheat on Kansas and Missouri markets re ported cutting started in that vi cinity last Firday. On one farm the yield was 32 bushels an acre, the wheat testing 62 pounds. On the Oklahoma side, the harvest start ed two days earlier and yields ranged from 25 to 30 bushels an acre. Fort Worth, Tex., reported 50 cars of new wheat yesterday, of which 12 graded tough. The aver age test weight was 60.4 pounds and average moisture 13.2. Thirty car* were No. 1 hard. 8 were No. 2 hard and five were No. 1 dark herd. A Chicago -house reported the purchase of 30,000 oushels of new crop oats. •-V MIDDLING NEW ORLEANS, June 16.—(/PI— The average price of middling 15 16 Inch cotton today at 10 desig nated southern spot markets was 13 points higher at 18.69 cents a pound; average for the last 30 market days 19.44; middling 7-8 inch average 18.02. -V N. O. SPOT COTTON NEW ORLEANS, June 16.—(/Pi— Spot cotton closed quiet 14 points higher. Sales 213. Low middling 15.39, middling 18.39, good mid dling 18.84, receipts 902, stock 366, 143. -V N. O. COTTONSEED OIL ^ NEW ORLEANS, June 16.—(IP)— cottonseed oil closed steady. Bleachable prime summer yellow mquoted. Prime crude 12.50b, Jly 13.58b, Sep 13.26b, Oct 13.15b, Dec 13.10b. 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 THE GUMPS --—
Wilmington Morning Star (Wilmington, N.C.)
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June 17, 1942, edition 1
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