Newspapers / Wilmington Morning Star (Wilmington, … / May 29, 1943, edition 1 / Page 5
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‘DELINQUENT’ BATTLES AXIS Man Listed By Draft Board Has Been Fighting For Over Year ■•Buddy" Hanchey's name has wn taken off the delinquent list of city Draft Board No. 1. "Buddy" hasn’t been delinquent a]i He has been fighting the en ® V in North Africa. His last let ter'home said: "We have been on me front lines for about three weeks, so we don't get much time to write.' , , ,. The Carolina Beach man s delm ,.encv was cleared with the draft board’by his brother, H. W. Han chpV. who reported that the youth was inducted into the Army at Fort Bragg March 31, 1S42. jlr Hanchey wrote of his fight ing kin: • Realizing, of course, the vol uminous records which have to be kept of all the men called, trans ferred. etc., this is not written in the category of criticism, for no doubt both New Hanover boards deserve compliments in perform ance of such a duty. However, it does appear that it could happen that at some date after the hos tilities a person might be embar rassed should others not know the facts and stamp the person as a delinquent in time of war. ■ In the interest of my brother, v ho we hope will return some day. a's Well as the others, probably this can be filed with his record in y0U1- office, thereby clearing his delinquency.” The draft board happily marked ■ ■Buddy" Hanchey off its delin quent list. STUDENTS GIVEN ANNUAL AWARDS (Continued from Page One) tion award, Lt. Col. Joseph Dew ey Hobbs: best company com mander. Captain John Goins; best platoon commander, Lieut. Lan sing Smith; best marksman, Lieut. Hail Watters; best NCO award, Sgt. Lester Preston. Most distin guished cadets: Company A, Cpl. Burrell Byers, Company B; Cpl. Jack Lowrimore, Company S; Sgt. Dick Watts. Company D, Cpl. Ar chie Craft. The rifle team recog nized: Herbert Biddle and Ned B. Herring < made all four teams): Wilbur Corbitt, John Skipper, Has kell hett, 0. R. Jones and Ray mond Meshaw (three out of four teams.) Sports awards were presented by Coach Rupert Bryan, Coach Albert Chimiego, and Miss Frances Roe buck to students participating in and excelling in athletics. SI JAP AIRMEN (Continued from Page One) rice-minister and one of China’ op strategists, was in command of -he forces pitted against the Jap anese in the new offensive which Chinese authorities call the open ing phase of the fight for Chung king. Chen was given command of a war area embracing western Hu nan and western Hupeh in 1940 anti had dwelt upon the building up of a powerful Free China com munity in the Hupeh area outside Jananese occupation. This portion of Hupeh now forms a vital link between central China 'Hunan and Kiangsi provinces) and western China 'the area around Chungking) the statement said, adding: "Strategically speaking, this area is now the main bulwark of the defense of Chungking both along the Yangtze and on land.” RUSSIANS BEAT AT NAZI LINES 'Continued from Page One) ’"?ea the Caucasus and the Crimea. Particularly fierce fighting de velnped for hilly country 'south of the swamps of the lower reach Gs of the Kuban river,” said the Berlin broadcast telling of the bat he which began in earnest early Thursday. But the main Russian attack still was being delivered J? the area of Krymskaya, below 'Ve Kuban river and 20 miles above Kovorossisk, the Germans said. Berlin’s version said the Rus :*ans had lost scores of tanks and Planes after failing to make good m.tial penetrations in the Ger hPM lines which were punctured Py concentrated artillrey fire breaches were restored on -nursday, the Germans said, after , 1 machine-gunners mowed ovvn Russian infantrymen who left ,Pelr trenches after the artillery barrage ceased. bong range Red army planes '■•ere blasting German airdromes ,ehind the front, and a Moscow roadcast said this strategic bomb front*38 general ah°ng the entire On Thursday night, the Russians hia t*le*r Planes raided the Axis bid railway junctions of Mogilev, 'l niiie.s southwest of Smolensk ’p 'no central front, and Roslavi, K- rn‘iGs southeast of Smolensk, arachev, between Bryansk and i. also was attacked. I Hero Meets His Daughter Major Reginald Heinitsh, 24, of Columbia, S. C„ enjoys holding his baby daughter, Isabel, for the first time. Isabel, born during her dad dy’s 11 months of action in North Africa as a medium bomber pilot seems to be enjoying her parents company also. Mrs. Heinitsh Is the former Isabel Sloan of Columbia. Her husband holds the Distinguished Flying Cross, the Purple Heart Meda*. and the Air Medal with four clusters, and has just returned home. -—-— Last Japanese Position On Attu Is Penetrated - _ (Continued from Page One) to restore the western Aleutians to American control. This prelimi nary softening up, which may last several weeks, is expected to con sist of blockade to prevent Kiska from receiving supplies or rein forcements and of bombing to de j stroy the supplies and reduce the troops already on the island. Ground action on Attu was cov ered in the communique only through Wednesday, but a Navy I spokesman said that “every bit of information we have indicates it is continuing.’’ The Wednesday fighting made the shape of the current campaign to smash the | Japanese clear, authorities said. KILDAY m ' BILL I DEAD j __ Measure To Defer Fathers Until Last Tabled By Senate Group WASHINGTON, May 28.—<3**— The Kilday bill to defer Mathers pending induction of all other av ailable men in any particular state j was quietly knocked on the head today by the Senate Military Af fairs committee. Unanimously, the committee ta bled the bill and Chairman Rey nolds (D-NC) interpreted the ac tion as dooming the measure spon sored by Rep. Kilday (D-Tex) and approved by the House. While tech nically it remains alive, Reynolds remarked that 999 times out of 1,000 a tabled bill never is brought up again. Selective Service, the Army and the Navy contended that enactment of the legislation would tear down the induction system and make it impossible to draft anybody except single men. Col. Lewis Sanders, who analyz ed the bill for the committee, said that Selective Service already is attempting, as far as possible to put draft quotas on a statewide basis and induct single men, child less married man, and fathers, in other order, as proposed by the legislation. However, Sanders said, one fea ture of the bill was clearly un workable: no state Selective ser vice director ever could be sure that every eligible single man had been called up, opening the way for the induction of men in more deferred categories. Hence, San ders contended, it would be possi ble for a married man to challenge in court the right of the govern ment to induct him, if he could prove that one single man remain ed in the state who had not been called up. The services also opposed the Kilday measure because it would set aside Manpower Director Paul V. McNutt’s “work or fight” order. _v ESSEN SLUGGED BY RAF PLANES (Continued from Page One) plants turning out optical instru ments and other war essentials. The RAF followed up its full night operational schedule with the second daylight raid of the week on the coke ovens at Zeebrugge, Belgium, today. One of the Ven tura bombers making up the raid ing force was lost, along with one of the escorting Spitfire fighters. The number of planes involved in the Essen attack was reported to have beer only slightly less than the huge fleets which carried out the unprecedented raids on Dortmund Sunday night and on Duessellorf Tuesday night. OPA WAS BASED ON OLD FALLACY — (Continued From Page One) Brown or any one else could keep a rigid ceiling on the civilian price structure when within the price structure there were rolling around and flying around the Army, the Navy and all their expensive war ships, tanks, airplanes and what not? The supposed justification of this universal civilian freeze was that it would prevent “inflation.” But that was a misunderstanding of the nature of inflation. For if by some miracle all retail prices were held fixed, inflation would still ex ist. If money cannot buy goods, money loses its value, and that is what inflation is. And since in war time there is bound to be more money than there are civilian goods for sale, merely to make the goods cheap does not prevent inflation. At best it merely allevi ates the effect of excess unusable money until the time comes when there again are enough civilian goods to restore the real value of money. Therefore, the true object of war time economic policy is—(1)—to assure at reasonable prices the necessities of life to the mass of the people: and—(21—to drain off some jif the excess money, and then to impound the rest of the excess until peacetime production can be resumed. The object of the price fixing of rationed necessities — food, fuel, clothing, housing, transportation— is social, not financial: to main tain the efficiency of the people in their war work. For that reason, rationing, subsidies and fh<» ""f trol of civilian supply are justified, provided they are administered so as to insure the possible and the necessary total production. The object of financial policy— through taxes and loans, the re striction of credit and investment —is in the last analysis to keep the supply of inflated and. there fore, depreciated money in cold storage until its value can be re stored and it can safely be spent. Therefore, the true line of re organization is that proposed in the Jenkins bill, and very ablv ad vocated on the floor of the House of Representatives by Representa tive Herter, of Massachusetts. It is to place in the hands of Chester Davis, who is responsible for the production of food, the rationing and pricing of food as well. Then, if Mr. Davis cannot s-U at reasonable retail prices after he has paid adequate prices to get it produced, the difference should.be made up in the form of some kind of subsidy. The same principle ought to be apnlied elsewhere, for example, to all fuels—whether oil or Coal—and the whole business of pricing iPfl —ipced m the hands of Mr. Ickes. Then Mr. Davis. Mr. Mkes. and the other controllers of the pro duction and distribution of essen tials. should become a price com mittee. presided over by Mr. Byrnes, to determine general pol icy- .... On tne oiner siue—me Ihe war-+'Trie inflation—1"f 11 c ^ that with the compromise on the Euml plan behind us. we can move on from this largely sterile debate to the real task of devising taxes and other measures which discour age war-time spending and promote the conservation of a larger and larger part of the war earnings until they can. without the loss of their purchasing power, be spent when peace is fully, restored. -V In England, boots which can’t be repaired are converted into fertilizer. SIMPLE FUNERAL HELD FOR FORD Impressive Rites Take Place At Christ Church, Grosse Pointe DETROIT, May 28.—UR—Simple ' but "impressive funeral services' were held today for Edsel Bryant ' Ford the service was brief, there company who died at his home here Wednesday. The rites were held in the gray j stone chapel of Christ church in suburban Grosse Pointe, where not very long ago Edsel Ford saw his son Benson married, and more re cently gave his daughter Josephine j in marriage. Although the services were in-, tended to be private several hun-, dred friends and business associ ates of Edsel Ford were admitted as well as members of the family.: Outside the chapel additional hun-: dreds to whom the Ford name has become something of legend wait-' ed to see the casket brought out. State police who directed traffic estimated those outside to number about 400. In keeping with the simplicity that marked the life of Edsel Ford the service was brief! there was no personal eulogy and there were no honorary pallbearers. From the church chapel the cas ket was taken to Woodlawn ceme tery and placed temporarily in the mausoleum of the late J. L. Hud son Detroit merchant, and uncle of Mrs. Edsel Ford. It will be re moved later to a vault to be con structed by the family. BYRNES IS NAMED ECONOMIC ‘CZAR’ (Continued from Page One) Byrnes as stabilization director. This group was formally desig nated the War Mobilization Com mittee. Mr. Roosevelt said that “in addition to its regular meet ings, the committee will meet from time to time with me in the cabinet room.” In its relations with Byrnes, however, this committee was giv en only advisory functions, the ex ecutive order reserving to the Director of War Mobilization all decisions under a vast grant of powers. Mr. Roosevelt explained in a statement that his action was in tended “to unify more closely the work of the war agencies con cerned with the production, pro curement, transportation and dis tribution of military and civilian supplies.” “We are entering a phase of the war effort,” he said, “when we must streamline our activities, I avoid duplication and overlapping, eliminate inter-departmental fric tion, make decisions with dis patch, and keep both our military machine and our essential civilian economy running in team and at high speed.” At the capitol, this recasting of the governmental war machin ery generally was applauded. Sen ate Minority Leader McNary of Oregon said he had “tremendous confidence” in Byrnes’ ability. Chairman Truman (D-Mo) of the War Investigating Committee commented, “I am very glad we finally have a centralization of authority.” Senator Murray (D-Montt saia he thought the new set-up “should go far toward overcoming the confusion that has developed un der the present system.” There has been agitation in Congress for just such a set-up. Byrnes, at a press conference, re marked that the provisions of the executive order were similar to those of a bill introduced by Sen ator Kilgore (D-WVa), and to rec ommendations by Truman’s com mittee and a house committee headed by Rep. Tolan (D-Calif). Although his powers are ex tremely broad, Byrnes made clear that he would consult with President Roosevelt on major decisions. He said he believed it would be possible in many cases to take action without bothering the president, but that important matters would be laid before the chief executive for a final decis ion. ITALIAN] NDS BLASTED BY U. S. (Continued from Page One) and Sousse harbors in Tunisia were raided by Axis planes. A Middle East air communique issued in Cairo said Allied long range fighters again ranged over the Aegean sea off Greece yester day and destroyed at least one German plane. -V Mortician Will Head Civitan Organization John K. Ward, prominent Wil mington mortician, was elected president of the Civitan club for the coming year at its meeting at the Plantation club Thursday night. Other officers selected were Adair M. McKoy, Jr., first vice president; William Raney, second vice president; A. R. Crow, treas urer, and George B. Canady, ser geant at arms. John Colucci was named a new member of the board of directors. The retiring president, Dr. J. Watts Farthing, presided over the meeting. Former Carolinas Head Of Telephone Company Elected Vice President Fred J. Turner, of Atlanta, Car linas manager of the Southern Bell Telephone company between the years 1933-37, was appointed vice-president of the organization in charge of public relations, at a recent meeting of the board of directors, the appointment to be come effective July 1. C. L. Kirven, Kentucky mana ger of the company, will succeed Mr. Turner as general commer cial manager, and J. M. McAlis ter, district manager at Miami, Fla., will become Kentucky man ager. A native Georgian, Mr. Turner has been general commercial manager of the telephone com pany for six years. He started as an office boy and clerk in Atlanta 34 years ago. After considerable experience in the Atlanta office and in the Mi ami, Fla., organization, he served on the general headquarters staff in Atlanta, prior to his appoint ment as Carolinas manager. He was promoted to general commer cial manager in 1937. FAIR PRACTICE CROUP FORMED Old Committee To Prevent Employment Discrim ination Scrapped WASHINGTON, May 28.—<A>>— The old and recently inactive com mittee designed to prevent dis crimination in employment because of race, creed, color or national origin was scrapped today by Pres ident Roosevelt and replaced by a new and autonomous body. It will be the duty of the present committee, the executive order sa>d, to eliminate discrimination by all employers, federal depart ment and labor unions, the latter in the matter of memberships. To head the new committee the president selected a veteran of la bor disputes, Monsignor Francis J. Haas, dean of the school of so cial science of Catholic university, a member of the original National Labor Relations Board, a special conciliator for the Labor Depart ment since 1935, and a participant in the settlement of about 1,500 labor squabbles. In reconstituting the committee the chief executive removed it from the jurisdiction of Manpower Commissioner Paul V. McNutt and gave its new chairman authority to appoint personnel and “power to promulgate such rules and reg ulations as may be appropriate or necessary to carry out the provis ions of this order,” COUNTYUNDER POTATO ORDER (Continued from Page One) all shippers must obtain a permit before shipping by truck or rail. The order becomes effective in Florida, Georgia and South Caroli na tomorrow, in North Carolina on June 7 and in Virginia on June 14. Permits will be issued through WFA offices in Hastings, Fla.; Lexley, Ala.; Florence and Meg gett, S. C.; Goldsboro and Wash ington, N. C.; and Norfolk and Onley, Virginia. ■tr WEATHER (Continued from Page One) WASHINGTON, May Z8—(/Pj—Weather bureau report of temperature and rain fall for the 24 hours ending 8 p.m. in the principal cotton growing areas rty flsewhere: Station High Low R’fall Asheville - 74 56 0.00 Atlantic City- 71 61 0.42 Boston - 76 58 0.00 Burlington _ 72 42 1.41 Chicago - 79 49 0.00 Cleveland - 69 52 0.00 Detroit - 72 50 0.00 Kansas City - 87 64 0.00 Little Rock- 82 64 0.00 Memphis - 83 63 0.00 Miami _ 89 72 0.00 Mobile - 92 68 0.00 New York- 17 60 0.21 Pittsburgh - ',71 56 0.00 Raleigh - 78 64 0.00 St. Louis- 84 57 0.00 Savannah - 93 67 0.00 Vicksburg - 91 67 0.00 -V WPB UNIT MEMBERS RALEIGH, May 28.—<A>>—J. A. Goode of Asheville and F. B. Mor ris of Winston-Salem have been ap pointed to the Retail Trade Indus try Advisory committee of the War Production Board, the Office of War Information announced today. Closing Stock Quotations BY THE ASSOCIATED PRESS FINAL STOX .- ! Adams Exp _ 12% Air Reduction _ 48 [ Alaska Jun _ 6% Ai Chem and Dye _ 161% Alleghany _ 2% Allis Chal Mfg . 36% Am Can. _ 83 Vi Am Car Fdy _ 43% Am For Pow - 7 Vi Am Pow and Lt_ 3% Am Rad and St S - 10 V4 Am Roll Mill .. 14% Am Smelt and Ref - 43 Am Sug Ref - 31 At and T .154Vi Am Tob B _ 58% Anaconda - 29Vi Arm 111 _ 5 Vs At and Sf _ 57 ACL . 37 Atl Ref ..-. 27% Atlas Pow —.. 12 Vi Aviat Corp _ 5% Baldwin _ 19 % B and O _ 9% Barnsdall _ 17Vi Bendix Aviat _ 38% Beth Stl _ 65 Boeing Airpl _ 18% Bord-en _.'._ 27 Vi Efcrg Warner _ 32% Briggs Mfg _1_ 29% Budd Mfg . 9 Budd Wheel . 9% I Burl Mills __ 29V4 Bur Add Mach_ 14 Calumet and Hec _ 8 Vi Can Dry _ 22'% Can Pac _ 10% Cannon Mills _ 40% Caterpil Trac - 47% Champ P and F - 21 Ches and O- 44% Chrysler _ V7% Coca Cola _108 Colum G and E - 4% Coml Credit —. 39% Coml Solv - 14% Comwlth and Sou _ 1 Consol Edis _- 20 Con Oil _ 18% Cont Can _ 34% Corn Prod _ 60% Curtiss Wright _ 8% Curtiss Wright A _ 23% Davison Chem _ 18% Del Lack and W_ 9% Doug Aire _ 70% Dow Chem - 152 Du , Pont _ 155% Eastman Kod _169 Elec Auto Lt .. 36% Elec Pow and Lt _ 6 Firestone _ 36% Freeport Sul _ 36% Gen Elec —. 38% Gen Foods _ 39% Gen Mot _ 52% Gillette —. 9 Glidden . 21% Goodrich _ 40% Goodyear _, 38% Graham Paige _ 2% Gt Nor Ry Pf ..- 31% Hud Mot _ 9% Hupp Mot . 2% 111 Cent _ 15% Int Harvest _ 68 Int Nick Can . 33% Int Tel and Tel . 15% Johns Man_ 87% Kennecott _ 32% Kroger Groc _ 30 Libby O F G1 . 38% Ligg and Myers B _ 67% Loews _ 60% liorillard___ 20 Louis and Nash .. 75% McCrory Stores _ 15% Mo K T _ ... 3 Mont Ward _IIIIIII.IIII 45 Murray Corp _” 9% Nash Kelv ___ 12 Nat Biscuit _ 21% Nat Cash Reg .””” 27% Nat Dairy Prod _ 20% Nat Dist _ 31% Nat Lead _ 17% Nat Pow and Lt . I 6% NY Cent _18% No Am Aviat _IIIIIII 13 North Am _1574, Nor Pac _ lg7„ Ohio Oil .18% Otis Elev_ 20% Pac G 'and E __ 28Z Pac Mills _ 27 Packard _43^ Param Pix _ 26% Penny J C ._...Ill" 89% Penn Dix _ 3% Penn RR _ 31% Pepsi Cola . _I 44 Phillips Pet_I 49% Pitt Scr and B _ 57^ Pub Svc NJ _ 15% Pullman .. 37% Pure Oil . 18% Radio - 11% uaa is. u - 8% Rem Rand .. 17a Rep Stl -- 18 Reynolds B _ 29%. Seab A L . 1% Sears -- 76% Shell Un . 25% Sou Pac - 28% Sou Ry .—. 28% Sperry . 31% Std Brands _ 7 Std Oil Cal__ 39% Std Oil Ind .. 35% Std Oil NJ __ 56% Stewart Warner _ 13T-« Studebaker ... 12 V2 Swift .. 25% Tex Co _ 50% Tex Gulf Prod_ 5% Tex Gulf Sul _ 40% Timken Det Ax . .32% Transamer . 9 Trans and West Air_ 22% Un Carb _ 85!/4 Un Pac.. 99 Unit Aire . 33% Unit Corp .. 1% Unit Drug _ 12% Unit Fruit . 70% Unit Gas Imp _ 8% US Ind Alco _ 37% US Pipe _ 36 US Rub _ 42 US Smelt and Ref _ 59 US Steel . 55% Vanadium _ 21% Vick Chem _ 41% Va Caro Chem_ 5 Warner Pic __ 15 West Mary . 5% Western Un .. 36% West El and Mfg _ 96 Wilson _ 7 Woolworth _ 39 Yell T and C _ 17 Youngs S and T _ 37% Final Stock Sales 1,047,729. CURBS Can Marconi _ 214 Cities Service __ 17 Colon Dvmt _ 6 El Bond and Sh _ 7% Gulf Oil _ 47 Bond Quotations DOMESTIC ACL 4%s 65 . 727/b B and O 4s 1948 .. 73 Cb and Q 4%s 77__ 83 C and Ei Inc 97 _ 42 CGW 4s 88 _ 74% Cri and P Ref 4s 34 _ 31 Clev Un Term 4%s 77 _ 75% D and Rg West 5s 55.? 11% Fee 5s 74 38% ;ivd Coal 6sA _ 57% Kud and Man 5s _ 57% 111 Cent 4%s 66 - 53% Int Gt Nor Aj 6s 52 _ 18 L and N 4%s 2003 _102 Mk and T Aj 5s 67_ 35% Mo P G 4s 75..- 20% NYC Rfg 5s 2013 __ 65% Nor and W 4s 96.127 Nor Pac 6s 2047 .. 80% Penn RR 4%s 65 ..- 107% Phila Rdg C and I 6s 49_ 15 Sal C 6s 45 _ 105% So Pac Rfg 4s 55 _ 86% So Ry Cn 5s 94 _104 So Ry Gen 4s 56 . 80 West Md 4s 52_91% Treasury 2s 52-50 Sept. _ 100.27 2%s 60-55 ~r__— 112. 2%s 65-60 .. 111.29 2%s 69-64 _ 100.21 Home Owners Loan 3s 52-44 _ 102.3 Final Bona Sales $10,319,100. -V NEW YORK COTTON NEW YORK, May 28—(fP)—Cot ton futures moved in a narrow range today and closed unchanged to 15 cents a bale higher. Liquidation of July contracts by spot firms against the purchases of later months was relatively heavy, and reports from the Soutn indicated mill interest in spot cot ton remains small. A threat to consumption was seen by some observers in the increas ing number of mills forced to drop the hird shift in operations for financial reasons or for lack of labor. A bearish factor was the flood damage report. The range: Open High Low Close Jly .. 20.17 20.19 20.14 J&.19 Oct .. 19.87 19.93 19.87 19.91 Up 3 Dec — 19.74 19.75 19.72 19.75 Up 2 Mch . 19.53 19.56 19.50 19.55nUp 1 May . 19.42 19.44 19.38 19.43n N—nominal. Spot nominal, middling 22.10, up 1. \T RICHMOND LIVESTOCK RICHMOND, Va., May 28—'IP)— (U. S. Dept. Agr.) — Livestock hogs: Good and choice 160-300 lbs. 13.60. 100-120 lbs. 12.10. 120-140 lbs. 12.95. 140-160 lbs. and butch ers over 300 lbs. 13.35. Sows un der 350 lbs. 12.85; over 350 lbs. 12.60. Stags. 9.60. Cattle: Steers 1600; fat dairy type cows 10.00-12.00, good beef type upward to rauond 13.00; can ners and cutters 9.00-10.00. Thin canners down to 8.00. Sausage bulls 11.50-13.50. Vealers 16.00 down. Spring lambs 15.75 for good and choice, with medium grade 13.00-14.00. -V RALEIGH LIVESTOCK RALEIGH, May 28.—W-(NCDA) —Hog markets steady with tops of 13.60 at Richmond and 13.45 at Rocky Mount. CHICAGO LIVESTOCK CHICAGO, May 28.—UP)—Lighter hog receipts, after four days of heavy arrivals, brought active trading into the market today and prices were 5 to 10 cents higher at a top of $14.40 per hundred weight. In Chicago, salable arrivals were 7,000 head, compared with 7,439 last Friday, at 12 leading markets. Receipts of 73,000 head today com pared with almost 75,000 last week. Most killing classes were steady to weak in the cattle market. No strictly choice steers or heifers were offered and the best steers brought $16.25 in load lots. One short load sold at $16.50. Fat lambs were fairly active and fully steady, good to choice fed western wooled lambs bringing $15.75 to $16.35 and clipped lambs topping a t $15.35. Sheep were steady. NAVAL STORES SAVANNAH, Ga., May 28.— UP—' Turpentine 64 1-2 cents a gallon; i offerings 96 (bbls 0 gal. ea) sales ; 4,800 gallons: receipts 95 barrels; i shipments 89 barrels; stocks 25, 467 barrels. Rosin (100 lb drums): Offerings i 296; sales 213; receipts 364; ship-1 ments 506: stocks 78,511. Quote: B 2.76: D 3.00: E 3.44: F 3.45; G 3.55: H 3.56: 1 3.57: K 3.77: ' M 3.79; N 3.84; WG 4.06; WW and X 4.36. -V NEW ORLEANS COTTON NEW ORLEANS, May 28—UP)— Cotton futures here today closed steady unchanged to 15 cents a bale higher. Open High Low Close Jly .. 20.46 20.48 20.44 20.40 Up 2 Oct .. 20.18 20.20 20.15 .20.20 Up 2 Dec 20.04 20.05 20.02 20.05b Jan __ 19.99 19.99 19.99 20.00b Mch _ 19.84 19.86 19.79 19.86 May - 19.72 18.75 19.69 19.75 .._V NEW ORLEANS SPOT NEW ORLEANS, May 28.—UP— Spot cotton closed steady 25 cents a bale higher. Sales 587. I. v, ninJ-! dling 16.40, middling 20.90, good middling 21.35, receipts 641, stock 186,723. i STOCK MART HITS RALLYING PERIOD Number Of High Spots Seen Despite Early Sinking Spell NEW YOKE, May 28 — UP) — Stocks rallied selectively in today’s market, a number of 3-year highs, after an early slight sinking spell, occasioned partly by profit tak ing on the recent advance and tha lightening of commitments in pre paration for Monday’s holiday. Short covering in assorted pivo tals holding sizable bear interests, brokers said, was a prime influ. ence for the belated come-back. The tide turned shortly after mid day with a buying flurry in Chrys ler which jumped 2 points to 774i. Chemicals, mail orders, rubbers and radio issues were prominent on the upside and, despite plenty of decliners, gains running to a point or so were well distributed at the close. The generally pleasing war news, persistent investment demand and mild inflation phychology were given the main credit for keep ing the list on a fairly even keel. A large batch of favorable divi dends and earnings statements served to bolster sentiment for individual issues. The Associated Press average of 60 stocks was unchanged at 51.6, which was a peak since early 1940. Dealings were slack most of the time notwithstanding 10,000 to 20,000-share blocks of Common wealth and Southern, unchanged at $1. Transfers for the five hours totalled 1,047,729 shares compared with 1,468,440 the day before. The Administration’s organiza tion of the Office of War Mobili zation was viewed as construc tive marketwise by most Wall Streeters. _V *“■ RALEIGH POULTRY RALEIGH, May 28.—(Jt—(NCDA) —Egg and poultry markets steady. Raleigh—U. S. large (clean white) 38; grade A hens, all weights, 25. Washington—U. S. grade A large 39 to 40; some broilers and fryers, 28 1-2. -V CHICAGO BUTTER-EGGS CHICAGO, May 28.—OR—Butter, receipts 994,041; unsettled; prices as quoted by the Chicago price current are unchanged. Eggs, receipts 24,304; unsettled; current receipts 27 1-4; other pric es unchanged. CHARLOTTE SPOT CHARLOTTE, May 28—(£>)—Spot cotton 21.25. C|(|N ERUPTIONS Wl all a («xt«rnilly c«u««d) RELIEVE ITCHING PROMOTE HEALING Ease soreness—burning with antiseptic Black and White Ointment. Use only as directed. Cleanse with Black and White Skin Soap. BLACK and WHITE OINTMENT Bine Enamel CANNER Holds 8 1-Qt. Jars Ac^d - resisting blue porcelain em.mel! Big: holds 10 (1-pint) jars, 8 (1-quart) jars. Capacity 26 3-4 quarts. High dome lid completely covers all jars. Can ning rack included. Only 48 Left 307 No. Front St. Dial 6626 Shop A! The . , . JEWEL BOX GIFT SHOP Wilmington’s Only Downstairs Store • OH IN AW ARE • CRYSTALWARE • SILVERWARE ^ • PICTURES • BRIC-A-BRAC • GREETING CARDS • PICTURE FRAMES S« CARD TABLES • LUGGAGE • LAMPS • COLLECTION ITEMS BUY | WAB BONDS GIFTS FOB ALL
Wilmington Morning Star (Wilmington, N.C.)
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May 29, 1943, edition 1
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