Newspapers / Wilmington Morning Star (Wilmington, … / Oct. 17, 1943, edition 1 / Page 16
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Several Leaders Extend Upswing In Stock Mart - *---1 Register Gains Of Frac* tions To More Than Point In Trading By BERNARD S. O’HARA NEW YORK, Oct. 16—LIT—Thf stock market today emerged frorr a generally satisfactory week wit! leaders extending Friday’s up swing by fractions to more than a point. crtPPinlit.lPS GX* hibited strength from the start, dealings remained rel|tively slug gish. A number of issues gave ground moderately on profit tak ing but advances were well in the majority at the close. Reasons for the come-back, which got under way Thursday, varied. Some commitments were reinstated because of belief the list had been pretty well liqui dated. Offerings earlier in. the week had dried up appreciably and it was figured the market was in position to respond to real ly worthwhile news at home or abroad. Earnings statements and dividend hopes were buoying influ ences for individual issues. Prices slipped Monday as ac counts ere trimmed in prepara tion for Tuesday’s Columbus Day recess. Italy’s declaration of war against Germany Wednesday met witha mixed response, armament rated stocks retreating w-hile peace-time shares moved up a trifle. The Associated Press 60-stock average today was up .1 of a point at 50.4 and on the week held at net advance of .5. Transfers for the short stretch totaled 266, 810 shares compared with 225, 170 last Saturday. J. I. Case, which soared 8 points yesterday on discussions of more generous priorities for farm ma chinery makers, gave up a point todayy but International Harves ter was ahead 1 3-4 and Deere and Caterpillar Tractor 3-4 each. Pullman added 1 1-2 to its re cent bulge attributed to talk of another sizeable year-end dividend »nd growing demand for railway equipment. Prominent gainers included Wes ern Union, U. S. Steel, Santa Fe, Chrysler, Goodyear, Sears Roe buck, Homestake, Texas Co., Mid Continent Petroleum, Internation al Telephone and Anaconda. Among laggards were North Am erican, General Motors, American Can, Sperry, Dow Chemical and Eastman Kodak. cnrArir * irm a 30 15 15 60 Indust Rails Util Stocks Net chg. .. A.2 Unch A.l A.l Saturday . 70.6 24.8 -35.7 50.4 Prev. Day 70.4 24.8 35.6 50.3 Week ago 69.8 24.7 35.4 49.9 Monti. ago 72.1 25.4 35.7 51.4 Year ago . 56.4 19.2 25.9 39.5 1943 high . 74.6 27.4 36.8 53.3 10*3 low - 60.2 18.3 27.1 41.7 1942 high _ 60.6 19.7 27.5 41.6 lb42 low . 46.0 14.4 21.1 32.0 — WHAT STOCKS DID Sat. Fri. Advances__..._ 329 485 Declines ......__ 108 140 Unchanged___180 175 Total Issues_.... 617 798 -V FOREIGN EXCHANGE NEW YORK, Oct. 16—OP)—Clos ing foreign exchange rates follow (Great Britain in dollars, others in cents): Canada: Official Canadian con trol board rates for U. S, dol lars: buying 10 per cent prerui mum. Selling 11 per cent premi mum. Equivalent to discounts on Canadian dollars in New York. Of buying 9.91 per cent. Selling ).09 per cent. Canadian dollar in New York epen market 11 1-8 per cent dis count or 88.87 1-2 U. S. cents, down 1-8 cent. Europe: Great Britain official, (bankers foreign exchange com mittee rates( buying $4.02, sell ing $4.04. Latin America: Argentina offi cial 29.77; free 25.08; Brazil of ficial 6.05n; free 5.20n; Mexico 20.65n. Rates in spot cables unless other wise indicated. N—nominal. -v STOCKS IN THE SPOTLIGHT NEW YORK, Oct. 16-OP)—Sales, closing price and net change of the fifteen most active stocks today: Pullman 7.400 37% _*_ 1% Superior Oil 6.300 3%A_ % Colum G and El 5,400 4y2A __ % West Union A 5,300 41 %A__ 1 N Y Central 4,700 18%A__ % Omnibus 4,600 714A _ % Mid Cont Pet 4-300 29V8A_ % Int Tel and Tel 3,00 13%A .... y2 Am and For Pow 2,900 5%A __ % Am—F Pow 2pf 2,900 20%A 1% United Corp 2.600 D/iA- % Comwlth and Sou pf 2,500 72A 1 Gen Gas and El A 2,500 1%A % param Piet 2,500 25ysA _ % Sharp and Dohme 2,500 13y8A % -V NEW ORLEANS COTTON NEW ORLEANS, Oct. 16—(TP)— Cotton futures closed steady, un changed to 15 cents a bale lower today. Open High Low Close Dec 20.40 20.42 20.38 20.38 off 2 Mch 20.27 20.28 20.25 20.25boff 3 May 20.14 20.17 20.14 20.31boff 2 July 20.03 20.03 20.00 20.01 nch N. C. EGGS, POULTRY RALEIGH, Oct. 16—(TP)—(NCDA) -Raleigh egg market steady, U. t. grade AA extra large (clean white) 58; puoltry steady, hens, all weights, 22 to 25. Washington not available. I AUTO LOCK end KET SERVICE I Irnitlon—Door—De«h—Truck ■ Locke For All Populer Cere J CAUSEY’S j Cor. I?tk end Merket 1 Bond Quotations domestic A C L 4%-s 64 . 65% Band O 4s 1948 . 67% C B and Q 4%s 77 . C and E I Inc 97. 46 Cri and P Reff 4s 34 . 33% Cle Un Term 4%s 77 - 75 D and R G West 5s 55 .. 5% F E C 5s 74 ---— 36% Hud C 5s 62A . 54% Hud and Man 5s 57- 56 111 Cent 4%s 66 -- 48% Int Gt Nor Aj 6s 52 _ 19 L and N 4%s 2003 _103% M K and T Aj 67 _. 28 Mo P G 4s 75 ... 22% Nyc Rfg 5s 2013 . 62% Nor Pac 6s 2047 ___ 79 Phila Rdg Ci 6s 49___ 17% Sal C 6s 45 _%.. 28% ..So Pac Rfg 4s 55_ 85% So Ry Gen 4s 56 ...._ 74% West Md 4s 52 .. 88 FOREIGN Aust 4%s 56 . 88% Braz 6%s 26-57 ..- 46% Rio Gr Do Sul 6s 68 . 27% GOVERNMENT Treasury 4%s 52-47 _ 112.18 2s 53-51 ...100.7 2%s 69-64 Dec. „.-100.5 -——V CHICAGO LIVESTOCK CHICAGO, Oct. 16.—UPi— (WFA) —Salable cattle 700, calves 100: compared Friday last week: gen eral steer market steady; good and choice offerings closed strong; week-end undertone on common, medium, and low-good grades dull; eastern order buyer demand for good and choice steers improved late in week after having been narrow early; extreme top heav ies 16.85, best 1041 lb. yearlings 16.75, 1000 lb. yearlings 16.50, heif er yearlings 16.25; bulk fat steers 14.00-16.50; grassy and warmed-up offerings relatively scarce at 11.50 to 13.50; sizable supply longfed bullocks 16.00 to 16.65, 1483 lbs. at 16.65, and 1505 lbs. at 16.85, the top; fat heifers mostly steady; longfed 975 lbs. sold up to 16.25; bulk 13.00 to 15.75; beef cows steady to 25 lower, canners and cutters 25-50 down, latter class closed dull; most beef cows 9.00 11.25, strictly good northwest as well as New Mexico beef cows 12.50 and 12.75; after gaining 50 to 1.00 light bulls lost advance: vealers 50 lower at 15.00 down; stock cattle fairly active, steady; about 3,000 western grassers in week’s run, mainly stockers and beef cows; bulk medium to choice stockers and feeders 11.50 to 13.50, choice yearlings reaching 14.00. Salable hogs 500, total 9,000: not enough good and choice hogs in fresh receipts to quote market; shippers took none; compared to week ago good and choice hogs over 170 lbs. and all weights sows steady at 14.75, ceiling price; hogs under 170 lbs. unevenly 25-75 low er. _v MIDDLING COTTON NEW ORLEANS, Oct. 16—UP)— The average price of middling 15 16 inch cotton today at ten design ated southern spot markets tv as 15 cents a bale lower at 20.35 cents a pound; average for the past 30 market days 20.41; middling % inch average 19.33. RAILROAD BONDS SCORE ADVANCES —— - Other Sections Of Securi ty Market Also Display Upward Tendencies NEW YORK, Oct. 16—UR—A con siderable section of today’s bond market displayed advancing ten dencies with reorganization rails as leaders. Loans of the St. Paul, North Western Seaboard Air Line and Missouri Pacific were uniformly higher to the extent of fractions to around a point. Other gainers included Burlington 4 l-2s, Chicago and Easter Illinois Incomes, La clede Gas 5 l-2s, American Tele plione 3s and Santa Fe 4s of ’95. Bonds quoted moderately lower included American and Foreign Power 5s, Chicago and Alton 3s, Childs Co. 5s of ’57 and Texas and Pacific 5s. Foreign dollar issues were low er over a wide front with Braja lian issues, the principal excep tions, up substantially. U. S. gov ernments were steady in quiet trading. Transactions totaled $4,182,000 face value against $3,250 800 the previous Saturday. BOND AVERAGES 20 10 10 10 Rails Indust Util For. Net Chg Unoji Unch Unch D.3 Saturday _ 76.8 105.0 105.1 62.2 Prev. Day 76.8 105.0 105.1 62.5 Week ago 76.5 105.0 105.3 62.8 Month Ago 76.5 105.7 105.3 62.9 Year ago _ 65.3 103.4 97.5 50.4 1943 high . 78.7 105.8 105.4 ' 63.2 1943 low . 64.6 103.8 98.0 53.2 1942 high . 66.2 103.8 100.6 53.3 1942 low - 59.4 102.6 93.6 41.5 --V CHICAGO POTATOES CHICAGO, Oct. 16—(JP)—(WFA) —Potatoes; arrivals 128; on track 275; total U. S. shipments 1,154; supplies moderate, demand mod erate; market firm for best qual ity; Idaho Russet Burbanks U. S. No. 1, 2.65-80; Colorado Red Mc Clures U. S. No. 1 washed 2.85-90; unwashed 2.75-85: South Dakota Chippewas U. S. No. 1 washed 2.60; Minnesota and North Dakota Bliss Triumphs commercials 2.30-35; Wisconsin Chippewas U. S. No. 1. 2.40. --V NEW YORK COTTON NEW YORK. Oct. 16—(/P)—Cot ton futures slipped 5 to 10 cents a bale in a small market today. Hedge selling expanded a little near the close. The low volume of dealings re flected inactivity of many traders awaiting developments in the pend ing price subsidy issues in con gress. Open High Low Close Dec 20.16 20.20 20.14 20.16 of 2 Mch 20.03 20.05 19.99 20.01 off 2 Mayl9.83 19.92 19.87 19.98n off 1 Jly 19.77 19.80 19.75 19.76 off 1 Middling spot 21.04n, Off 5. n-Norminal. CHICAGO BUTTER, EGGS CHICAGO, Oct. 16—UP)—(WFA) —Butter was unchanged at OPA ceilings: tone firll. Eggs were unchanged at OPA ceilings; tone firu. --V CHICAGO BUTTER. EGGS CHICAGO, Oct. 16— m —Butter receipts 396,711. Egg receipts 7,416. Hosing btock ljuotations BY THE ASSOCIATED PRESS Adams Express_—_10% Air Reduction ...._.... 42% Alaska June _ 6% A1 Chem and Dye_..—150% Alleghany _ 2% Allis Chal Mfg _36% American Car Fdy __88 American Car Fdy___34 Am For Pow _ 5% Am Rad and St S_ 9% Am Roll Mill ...._ 13% Am Smelt and Ref_4014 Am Sug Ref _28 At and T ...-..156% Am Tob B _59% Anaconda _—.... 26 Arm 111 _ 5% At and Sf_—. 59% ACL .. 29% Atl Ref ..—_25% Atlas Pow _____ 62 Aviat Corp_ — 4 Baldwin_ 16% B and O_—...._ 6% Barnsdall _ 16% Bendix Aviat _35% Beth Steel _5914 Boeing Airplane _ 15% Borden_ 29% Borg Warner _—_34% Briggs Mfg _ 26% Budd Mfg_ 6% Budd Wheel _ 7% Bur Add Mach —.. 12% Calumet and Hec __ 7 Canada Dry___22 Canadian Pacific _ 9 Cannon Mills —_ 45 Case J I . _120 Champ P and F _20% fllOc A O 1 / Chrysler .... 79% Coca Cola _—113 Colum G and E .. 4% Coml Credit _—__38 Vs Comwlth and Sou__ % Consol Edis _22% Cont Can _— _i_35% Corn Prod _ 59J/4 Curtiss Wright. 7V8 Curtiss Wright A —____ 19 Del Lack and W _ 6% Doug Aire _61% Dow Chem _—_134 duPont _161 Elec Pow and Lt_—.. 4% Firestone ..•-_39% Freeport Sul _— 32% Gen Elec _ 36% Gen Foods _—_42VS Geu Mot . 51% Goodrich __41 Goodyear_38 Graham Paige __ 1% Hud Mot _—_ 1% 111 Cent.. 12% Int Harvest _— 70% Int Nick Can..— 29% Int Tel and Tel..- 13% Kennecott_31 Vs Kinney _ —__ 4% Libby OFG1_ — 38% Ligg and Myers B _68% Loews ..._—_;_57t/4 Lorilard _ 16% Mack Truck _.... 32% McCrory Stores___ 15% Mo Kt _ 1% Mont Ward .. 44% Murray Corp _ 9% Nash Kelv _ 11% Nat Biscuit _ 21% Nat Cash Reg_.... 26% Nat Dairy Prod _20 Nat Dist _ 31% Nat Lead _ 17% Nat Pow and Lt___ 6% N Y Cent .. 18% No Am Aviat_10% North Am _16% Ohio Oil . 17% Otis Elev _...-18% Pac G and E. 29 Pac Mills —. 24% Packard_ 3% Param Pix _ 25% Penny J C _94% Penn R R.. 27% Pepsi Cola _ 51% Phillips Pet _ 47% Pitt Scr and B -- 5 Pub Svc N J .-..15% Pullman ..-.- 37% Pure Oil - 16% Radio __— 16 Rad K O - 8% Rpp Stl _17% Reynolds B -28% Seab A ,L - % Sears -- 84 -ii ii„:- 90 Socony Vac -13% Sou Pac- 26% Sou Ry . - 23 Sperry . — 25% Std Oil Cal---37% Std Oil Ind -- 34% Std Oil N J --—. 58% Stewart Warner -12 Stduebaker -:.. 11% Swift -26V2 Tex Co. . — 49 Tex Gulf Prod —. 514 Tex Gulf Sul . 377s Timken Det Ax . 28 Transamer - 8% Union Carbon-80% Union Pacific .9714 United Aircraft .3014 United Corporation . 1% United Drug .... 14 United Fruit ..74 United Gas Imp . 2% U S Pipe-1- 33 U S Rubber.. 43% U S Smelt and Ref. 53% U S Steel- 53% Va Caro Chem __ 334 Warner Pic -123/4 West El and Mfg.95% Wilson - 8% Woolworth - 377s Youngs S and T ...37 Final sales 266,810. CURB Can Macroni - 154 Cities Service ...j4 El Bond and Sh- 714 COMRADES IN ARMS x.iuquuiu 111 us jiorirayai ot the dirt, pain and weariness of war, this photo shows two wounded U. S. infantrymen emerging from the muddy jungle of West Georgia Island in the Southwest Pacific area. With leaden steps, but with tommy-gun ready, they pick their weary way toward the beach to be evacuated. (U. S. Signal Corps photo from NEA Telephoto) CHICAGO GRAIN C H ICAGO, Oct. 16 —(#)— A brisk rally in rye and oats short ly before the close gave grains a strong finish today. Previously the market had been sluggish and slightly lower. Wheat and barley also advanced toward the finish, turning early losses into minor gains. Northwestern interests came in to the oats pit and found the mar ket lacking offerings. A good cash demand developed for this grain, particularly choice quality types, and shipping sales were placed at 115.000 bushels. The late strength in rye reflected some short-covering by local traders. At the close wheat was 1-8-3-8 higher, December $1.55 1-8-1-4, May $1.53 3-4, rye was up 5-8-1 1-8, December $1.13-1.13 1-4, oats were ahead 3-8-1-2 and barley was 1-4 3-8 higher. Milling concerns supperted wheat at the outset, but m,?»t of the buying was by distillel/y in terests. Distillers have been very active in the cash market this week, taking an estimated 4,000, I ' 000 bushels. Mills, with ceilings on their finished product, are re ceiving strong competition from distillers. Shipping sales out of this market today totalled 50,000 bushels. Open High Low Close WHEAT Dec - 1.54% 1.55Vi 1.54% 1.55% May ... 1.53% 1.54 1.53% 1.53% Jly _1 49% 1.50% 1.49% 1.50% OATS Dec -77% 78% 77% 78% May -74% 74% 73% 74% Jly -72% 72% 71% 72% RYE Dec _1.12 1.13% 1.12 1.13% May-1.12% 1.13% 1.12% 1.13% Jly .... 1.11% 1.12% 1.11% 1.12% BARLEY Dec -1.22 Vi 1.22% 1 21% 1.22% May ... 1.21 1.21% 1.20% 1.21% --—V CASH GRAIN CHICAGO, Oct. 16—(J3)—No wheat Oats No. 1 mixed 83%; No. 2. 82%—83%; sample grade mixed 80%; No. 3 white 84%; No. 4 81%: sample grade white 77%; No. 1 spe cial red 83%. Barley-malting 1.30—1.45 nomin al; feed 1.15—1.24 nominal. i SPOT COTTON NEW ORLEANS, Oct. 16.—L^— Spot cotton loosed steady 10 entcs a bale lower. Sales 5,855. Low middling 16.18; middling 20.18; good middling 20.63. ReeipTc 1, 702. Stok 17c5,358. N. C. HOGS RALEIGH, Oct. 16—(A5)—(NCDA) —Rocky Mount hog market steady with top of 14.25. \\ -— DRY Wilmingtdh has not received any rain in four weeks. According to Weatherman Pau! Hess, the dry spell is un usual, hut no record has been established. The dry harvest season of last year did not last as long. Mr. Hess reported that the temperature has rT moerate with 5C degree?’?*4 the lowest registered in?/ period. Naturally, ther? i? been no frost. ere ha* In some areas, fall were said to be suffering?! lack of moisture. E ft>r Soldiers and sailors ons* in this country eat an??*4 of one e8g « day per Ina;'er8S« Sears, Big New Fall - Winter CATALOG ^—— Here To Serve Wartime Shoppers 100,000 ITEMS Tucked Away Between Its Many Pages You Can Phone You will find- thousands of articles For Catalog for family and home in our retail Merchandise store, all conveniently displayed lor T. . , easy and quick selection. Every ar to ^our store w £icle is Priced at Sears savings and nhone ynur ’ order backed by Sears famous guarantee, for n eTr catalos More than 100>000 items will be found merchandise ' 1 g ln Seai's new fall and winter catalog, merchandise. and many hai.d.to.find things are in CALL 6626 eluded. Shop Sears for all your war time needs. Save money, time, prec ___ ious gas and tires. ROEBUCK & CO. 307 North Front St. Wilmington, N. C. Lovely Colors! Rich Patterns! Mix or match ’em as the spirit moves you. These lovely P3t! terns come in four colors, for sizes so you can work or charming harmonies or con! trasts. Strew' these smart dr-' able rugs about in bedrooir living room and hallways to create professional looking en sembles. Colorful, jacquard weave beauties, heavily frin0f(j all around. Blue, rose, green'cn taupe. Others to $16.^ \ MODERN PLAID RAG RUG ★ Reversible Size 24 x 42 § Bright . . . adds cheer to any | floor! Charming Swedish design in I two color combinations, or black and white. New cotton rags, close ly woven. Extra durable. Knotted fringe. V Our Finest Quality CHENILLE RUG Size 22 x 34 $J.29 Smartly styled for use anywhere in home! Reversible—gives double wear. Soft, fluffy, close- weave chenille yarn. Heavily fringed. Washable with care. Blue, rose, green, black. Olhers -.$4.98 HEW! MEMPHIS MAID PILE RUG * Thick, hhaggie Size 24 X 45 Brand new decorative idea . * * wonder-soft shaggies with rich ed cotton pile actually 2 1-2 incnr* deepl Washable with care. jJp firmly stitched to heavy cotter. bac can't pull out. Buy several sizes circles and oblongs ... to create a, colorful ensembles. 21-inch c. e Others.$5.49 Colonial Pilgrim OVAL RAG RUG Size 17 x 34 Colonial charm ... in a low priced ensemble! Authentic design, styled by one of America’s leading manu facturers. Strongly woven of new cotton rags and yarns twisted to stur dy serviceability. Reversible, wash able. In sizes for all' rooms. Com bine several for a smart homespun effect. . Others to $3.79 Wilmington, AT. C. Dial 66?o i
Wilmington Morning Star (Wilmington, N.C.)
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Oct. 17, 1943, edition 1
16
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