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Stock Market Registers Anoth er 15-Year High x _ Steel Issue* Advance Paces Fast Trading On Exchange MARKETS AT A GLANCE NEW YORK, Jan. 29—(IP) Stocks—Higher; steels lead late recovery. Bonds—Steady; rails selectively higher. , . Cotton — Lover; commission bouse profit taking. Chicago: Wheat—Unchanged at celling. Corn—Unchanged at celling. Rye—Unchanged to 8 1-4 higher; advance at Winnipeg. Short cover ing. Hogs—Active, steady. Top $14.85 ceiling. Cattle—Steady to strong. Top $17.90. NEW YORK, Jan. 29—UFt—Led by steels, the stock market reg istered another 15-day peay to day on relatively heavy dealings although profit realizing on the recent sharp upswing restricted gains for most departments and put many leaders in the losing ranks. Hopes that the steel strike and some other labor controversies would be settled before the end of the week again inspi "td a cer tain amount of purchasing. Infla tion psychology, based on the wage price spiral, still was an impor tant speculative and investment prop. Numerous customers cashed in, however, on the idea the market had gone a long way in discount ing a cheapened dollar and a de layed post-war prosperity boom. Activity was pronounced in the first hour with the ticker tape two minutes late for a while as low-quoted utilities came out in 1,000 to 25,000-share blocks but trends were irregular. The price slowed now and then but picked up in the final hour when steels came to life along with other assorted industrial favorites and scattered rails. Quotations again wavered toward the last but clos ing gains of fractions to better than 3 points were in the majority. Transfers totalled 2,910,000 shares compared with 3,480,000 Monday, largest in almost six years. The Associated Press 60-stock composite was up .1 of a point at 80.3, a new high since March 27, 1931. It was the second broadest market on record, 1,049 issues ap pearing. The top was 1,061 last Nov. 7. On the day there were 489 advances, 381 declined, and 179 were unchanged. U. S. Steel finished up 1-2 at 92 1-2 and directors, after the close, voted the usual $1 quarterly dividend, which most had expected, and reported 1945 net per share of $3.65 against $4.03 for the pre ceding year. Bethlehem Steel added 3 3-4 at 107 3-4 and lesser plus signs were retained by Youngstown' Sheet, Republic Steel, General Motors, Packard, Sears Roebuck, Inter national Harvester, American Tele phone, Anaconda, Westinghouse, Dow Chemical, Johns - Manville, Sante Fe, N. Y. Central, Penn sylvania, Texas Co., American and Foreign Power, United Corp.. Distillers Corp., and General Realty. Losers included Philip Morris, off 7 3-4 after a dip of 11 on a drop in November-December earn ings; Chrysler, U. S. Rubber. Elec tric Power and Light. North Ameri can, Public Service of N. J., Ameri can Water Works, Great Northern, Baltimore and Ohio, Schenley, American Woolen, Wyandotte Wor sted, Douglas Aircraft, and Radio corporation. Railway bonds improved. At Chicago rye climbed 3 1-4 cents a bushel. Cotton was down 5 to 55 cents a bale. In the curb modest advances were held by Sterling Engine, American Cities Power, Barium Steel and Fairchild Engine. Ever sharp tacked on 3-8 in the wake of a 3-for-2 splitup proposal. Turn over here was 1,750,000 shares versus 1,700,000 yesterday. STOCK AVERAGES Compiled by The Associated Press Jan. 29. 30 15 15 60 Indus Rails Util Stocks Net change A.2 unch D.l A.l Tuesday 106. (h)50.9 50.0 803ih) Prev. day 106 2 50.9 54 1 80.2 Week ago 102.0 49.3 52.7 77.4 Month ago 99.6 47.3 51.1 75.2 Year ago 80.1 33.1 39.5 58.6 1945 46" high 106.2 50.9 54.1 80.2 1945 46 low 78.6 32.9 39.2 57.8 1044 hish 79.2 34.5 39.2 58.3 1944 low 69.1 22.9 35.1 49.5 (h)—new 1945-46 highs. Stock Market Quotations (BY THE ASSOCIATED PRESS) Prev. Yesterday Close Close Alleghany___ 8% 8 A1 Chem and Dye __204 201% Allis Chal Mfg.56% 56 American Can _100% 100% American Car Fdy_69% 69% American Roll Mill --- 34 35% American Smelt & Ref 73% 73% A T and T.193% 193% A; rerican Tobacco B .. 92% 92% Anaconda - 49 49% Arm 111 .14% 14% Atlantic Coast Line_ 80 80 Atlantic Refinery _37% 37% Aviation Corporation -- 13% 13% Baldwin __37% 38 Vs Baltimore and Ohio ... 30 29% Barnsdall -.- 24% 24% Bendix Aviat _56% 57 Beth Steel . 104 107% Boeing Airp.— 33 33% Borden _ 52 51 Budd Mfg.— 26 25% Burl Mills ..44% 44% Bur Add Mach_19% 19% Cannon Mills - 67 67 Case J I —-.45% 46% Caterpil Trac _ 75 74% Ches and Ohio_ 60 59% Chrysler -140 139;M Coca Cola „.179 179% Coml Cred _ 50% 51% Coml Solv_23% 23% Comwlth and South — 4% 4,4 Consol Edis -.—- 34% 3o Cons Vultee.. 33 33% Cont Can ..— 46% 47% Com Prod ..69 4 69 4 Curt Wright.10% 10 Curt Wright A.- 30 4 30% Dow Chem —.164% Dou? Aire -__97 Mj 96 Dumont .I...189% 191% gffiS, Kod —79% iirestoen —..50% 50% Gen Foods . 55 54% Gen Mot .79% 80 Goodrich -78% 78% Goodyear -----.70y4 Wnr Rv PI-62% 62 Int Harvest -95 -2 Int Tel and Tel. 30 30 Johns Manv-149 laO Kennecott —-.— Ijgg and M B "g* Iockiieed I-.43% 43% LorUlard -1.31% 30% Mont Ward -.80 79% Nash Kelv. 25 25% Nat Bis . 33% 33% Nat Cash Reg.44% 44 A No Am Av —.16 15% No Pac ..35% 35 ,g Packard -.12 12 A Param Pic .65% 65% Penney J C -.157 /s 1d6 4 Penn R R .46% 46% Pepsi Cola -.??% 39% Phillips Pet..65% 34.4 Pitt S and B.13 .4 13^4 Pullman —-.66% Pure Oil --ji/i Radio -l^j, 91 8 Radio K O.21% 21 Rem Rand.3/ J Repub Stl---36% 38 12S"*B ::::::::: 2* » IS.i?,. «* Sou Pac. - 64% 64 A Sou Ry ..60 59 s Std Br ..47% 4- /4 Std Oil N J -.67% 67% Stewart War ..24 k 24,s Swift - - 39 40 Tex Co _58¥4 58% uncurb.-109% 109% Unit Airl -- 62 51,4 Unit Aire.— 36% 36?s Unit Corp. I J '8 Unit Fruit .117/s 45,, Unit Gas Imp - 27 26 k U S Indus Chem-57% 57% U S Rubber .. 72 71% , U S Smelt and Ref ... 76% 80 U S Steel ..— 92 92% Vanadium -33% 34 Va Caro Chem ..12% 12% vwrner Pic ........... 35% 3d A West Un A.51% 51% West El .. 39V* - Woohvorth _58% 58 CURB Can Marconi .. 4y* 4% Cities Service.. 34 33% Colon Dvmt_ 5% 5% El Bond and Share ... 25%i 24% railroadIssues AID BOND MARKET NEW YORK, Jan. 29—UP)— The bond market was mixed today but some railroad issues advanced a point or more. Carriers were unchanged on average in the Associated Press compilation. Among those gaining ground were Chicago Great West ern income 4 l-2s, Rock Island re funding 4s. Florida East Coast 4 l-2s, New Orleans, Texas & Mexico 5s of ‘54 “8” certified, New Haven 4S and 3 l-2s of ‘56 and most Sea board Air Line and Missouri Pa cific liens. Those declining included Chicago & Eastern Illinois incomes of ’97, Florida East Coast 5s. Boston & Maine 4s and some Baltimore & Ohio, Katy, Southern Pacific and Northern Pacific liens. Among industrials improving were Bethlehem Steel 2 3-4s, Fire stone Tire & Rubber 3s, Standard Oil (NJ) 3s and Swift & Co. 2 3-4s. Pennsylvania Central Airlines 3 1.0c UTfira 1aut/>-w In utilities American Telephone 3s, International Hydro Electric 6s, and International Telephone 4 1 -2s advanced while American & Foreign Power 5s, Common wealth Edison 3s and New York Edison 3 l-4s were off slightly. Sales were $7,890,000 compared with $8,400,000 Monday. Foreign government bonds gain ing ground included Copenhagen 5s, Denmark 5 l-2s and Rio Grande Do Sul 7s, while Argentine 4s of '72 Feb., Greek 6s and some Brazilian and Chilean loans were lower. U. S. governments were quiet. FOREIGN BONDS Aust, 5s 55 _108 Vi Aust 4Vis 56_103 BOND AVERAGES Compiled by The Associated Press Jan. .29. 20 10 10 1.0 10 Bails Indus Util F’gn L.-yld Net change unch D.l unch D.l A.l Tuesday 105.7 104.6 109.2 76.5 118 7 Prev. day 105.7 104.7 109.2 76.6 118 6 Week ago 103,2 104.5 109.5 76.6 118.3 Month ago 103.9 104.0 108.3 75.5 117.8 Year ago 96.5 104.9 107.2 68.8 116.3 1945 46 high 105.7 105 5 109.5 76.7 118.7 1945 46 low 96.2 103.4 106.8 68.1 116.2 1944 high 96.5 105.7 107.3 68.3 116.7 1944 low 79.5 104.6 104.7 63.2 114.0 WHAT STOCKS DID NEW YORK, Jan. 9.—UP)— Tues. Mon. Advances . 489 839 Declines _ 381 103 Unchanged_ 179 97 Total issues_ 1049 1039 SWEET POTATOES RALEIGH, Jan. 29—— (NCDA) —Sweet potatoes steady; bushel cnates Louisiana Porto Ricans 3.60-3.65; bushel hampers Tennes see Nancy Halls 3.35, Porto Ricans 3.25-3.56. f~ TOTAL RETAIL SALES 1929-1945 BTiUONS Total Retail Sales in the United States, 1929-1945 r%c,nr?iN*D< OF DOLLARS Annual Sales of All Retail Stores in the United States i : | ~ 1929 ’30 ’31 *32 *33 ’34 ’35 *36 *37 *38 '39 *40 *41 *42 ’43 j *P«rHy Estimated by tbe United States Department of Commerce P f ^‘^-s——==-=====s=ss^~£=£= Grain t CHICAGO GRAIN CHICAGO, Jan 29—UP)—May rye, the only active contract, was up stairs and downstairs in today’s trade, but the finishing 'bell caught it at 3 1-4 cents above yesterday’s close, for a new 25-year high. The Department of Agriculture placed the position of stocks of rye on and off farms on January 1 at 14,500,000 bushels, around half the rye held on the same date a year ago. This caused some short covering. At the close wheat was unchang ed at ceiling, May $1.80 1-2, corn was unchanged at ceiling, May $1.18 1-2. Oats were unchanged to 1-4 lower than yesterday’s close, May 81. Rye v;as unchanged to 3 1-4 higher, May $2.12 1-2 to 3-4, and barley unchanged at ceiling, May $1.22 1-2. Activity In wheat was limited to moderate transactions in Septem ber and December contracts. Trade in corn was at a stand still. Purchases on a to-arrive basis were about 260,000 bushels. The Chicago Board of Trade announced today the visiDle supply of domestic wheat decreased 3, 831.000 bushels during the past week, to 68,114,000 bushels. Corn increased 2,288,000 bushels to 11,955,000 bushels: oats decreas ed 786,000 to ?3,670,000 bushels: rye decreased 476,000 bushels, to 3.963.000 bushels and barley de creased 476,000 bushels, to 15,374, liuu Dusneis. Open High Low Close WHEAT: May _ _ __ 1.80% Tly .... . ..- 1.80% Sep 1.80% . 1.80% Dec 1.80% , . 1.60% CORN: May _ __ -_ 1.18% Jly .. 1.18% Sep ..■ 1.18% OATS: May 81 . . 81 Jly 80% 80% 79% 80% Sep 79% 79% 79 79% Dec 97% 80 79 % 79% RYE: May 2.00 2.14% 2.06% 2.12% Jly . .. 1.44% Sep _ _ ..... 1.44% Dec 1 44% .. 1.44% BARLEY: May _ _...- -- 1.22% Jly .. . 1.22% Sep . 1.22% CASH GRAIN CHICAGO, Jan. 29.—MP)-Wheat: No. 2 Red and No. 2 Hard, 1.79 nominal, ceilings. Oats; No. 2 White. 84-88; No. 3 heavy mixed. 80 No. 1 heavy white, 85. Barley, nominal; Malting, 1.24 1.39 1-2; feed', 1.15-1.23 1-4. Field seed per hundredweight, nominal: Red Clover, 31.50: Sweet Clover, 10.75: Alsike. 28.50: Alfaifa. common. 33.50-36.50; Timothy. 5.25-5.50; Red Top, 11.00-11.50. GRAIN FUTURES CHICAGO, Jan. 29. —I/P)—Active contracts in grain futures develop ed strength during the closing hours trading today. Profit taking in rye toward the finish held the May contract ad vance to 3 1-4 cents for the day. At the closing bell, wheat was un changed at ceiling, May $1.80 1-2. Corn held unchanged at ceiling, May $1.18 1-2. Oats were unchang ed to 1-4 lower. May 81. Rye was unchanged to 3 1-b higher. May $2.12 1-2-3-4. Barley was unchang ed at ceiling, May $1.22 1-2, Bond Quotations NEW YORK, Jan. 29.—OR)— T‘ and Sf 4s 95 _135 ACE 4%s 64 _115 B and O 4s 46 _103% Can Pac 4s Perp _114% Ob and Q 4%s 77 —_116% C and El Inc 97 ..— 86% Cgw 4s 88 .. 97% Cri and P R 4s 34 ..— 72% Cl Ut 4%s 77 ..—.106 D and Rw 5s 55_ 19% Fla E C 5s 74 .89 Hud C 5s 62a ..82% Hud Man 5s 56 __ 30 II! Cent 4%s 66 ... 95% Mk and T AJ 5s 67_112 Mo P G 4s 75 .60 N Y C Rfg 5s 2013 ..-101V4 Penn R R G 4%s 65_126% Sal C 6s 45 .. 79% Sou Ry Cn 5s 94 _141% Sou Ry Gen 4s 56 _105% FOREIGN EXCHANGE NEW YORK, Jan. 29. — (TP)—Clos ing foreign exchange rates follow (Great Britain in dollars, others ir cents): Canadian dollar in New York open market 944 per cent discounl or 90.75 U. S. cents, up .0614 of a c eut. Europe: Great Britain $4.03 1-2 unchanged. France (Franc) -845 unchanged. Latin America: Argentina free 24.66 up .01 of a cent; Brazil free 5.25; Mexico 20.65. NAVAL STORES SAVANNAH, Ga., Jan. 29. —(-'Pi Turpentine 83 1-2 cents a gallon; offerings and sales, none; receipt: and shipments, 11 barrels; stock; 3,534 barrels. Rosin (100-lb. drums) offerings and sales, none; receipts 90; ship ments 100; stocks 6,730. Quote; und^^^L Cotton NEW YORK COTTON NEW YORK, Jan. 29. —(IP)—Cot ton futures were subjected to heavy trade selling today, partly attri buted to hedging against purchases of commodity credit corp cotton. Commission houses took profit lib erally following the sharp run-up in Monday’s trading. Losses of as much as 70 cents a bale were touched before the market recover ed partially on covering operations to close 5 to 55 cents a bale low er. One leading spot firm sold more than 40,000 bales in the old crop months. Heaviness in the market partly reflected the fact that the commodity credit corp is schedul ed to reoffer unsold portion of its recent cotton offering. To the trade at the government stabiliza tion price which is more than one and a half cent a pound under the market price based on Memphis. The commodity Credit corp. orig inally offered 650,000 bales, leaving about 400,000 to be reoffered. In addition another 850,000 bales of government cotton will be placed on the market later in the first quarter. The trade had generally expect ed the 13 point rise in mid-January cotton parity announced after the close of trading, which pointed to an increase in the government selling price for February. Futures closed 5 to 55 cents a bale lower. Open High Low Last Mch 25.45 25.48 25.36 25.40 off 9 May 25.43 25.47 25.35 25.38 off 11 Jly 25.40 25.43 25.34 25.36 off 11 Oct 25.00 25.07 24.91 25.02 off 2 Dec 24.98 25.02 24.87 24.98 off 2 Mch 24.93 24.97 24.84 24.93b off 1 Middling Spot 26 06n off 1.. n—Nominal; b—bid. NEW ORLEANS COTTON NEW ORLEANS, Jan. 29.—(A>)— Cotton futures closing prices were steady 45 to 85 cents a bale lower. Open High Low Close Mch 25.58 25 58 25.45 25.45b off 16 May 25.58 25.58 25.43 25.42b off 17 Jly 25.50 25.52 25.40 25.44 off 15 Oct 25.12 25.17 25.00 25.10 off 12 Dec 25.10 25.15 24.96 25.05 off 9 b—bid. NE;W ORLEANS SPOTS NEW ORLEANS, Jan. 29. —(/P)— Spot cotton closed steady 50 cents a bale lower. Sales 3,773, low middling 20.20, middling 25.20. good middling 25.60 receipts 15, 186, stock 238,477. NEW ORLEANS MIDDLINGS NEW ORLEANS, Jan. 29—</P)— The average price of middling 15-16 inch cotton today at ten des ignated southern spot markets was 45 cents a bale lower at 25.32 cents a pound; average for the past 30 market days 24.65; midd ling 7-8 inch average 23.72. TTtEND OF STAPLE PRICES NEW YORK. Jan. 29—(TP)—The Associated Press weighted whole sale prices index of 35 commodities today declined to 112.40. Previous day 112.49. Week ago 112.25 Month ago 112.50, Year ago 108.21. 1945-46 1944 1943 1942 High 112.81 108.73 107.54 103.22 Low 107.90 106.03 103.43 95.54 (196 average equals 1001 CHARLOTTE SPOTS CHARLOTTE. Jan. 29.—(^T)—Spot cotton 25.30. Livestock CHICAGO LIVESTOCK CHICAGO, Jan. 29—(yP)—Cattle prices ranged from steady 10 strong today and traders, taking note of the poorer steer quality marketed, sai-’ some sales of choice steers showed gains of 10 to 15 cents. The hog market was unchanged at ceilings and slaugh ter lambs closed a quarter higher. RICHMOND LIVESTOCK RICHMOND, Va , Jan. 29.— OR)— (USDA) — Hogs—63. Market at ceiling 14.90 (flat) on good and choice barrows and gilts 120-330 lbs. up. 100-1201bs. 13.40. Good sows under 350 lbs. 13. 65; 350-500 lbs. 13.40; weights over 500 lbs. 12.90. Good stags 12.40. Cattle—market steady. Choice steers 16.00-16.50; medium 11.00 13.50; common 8.00-10.00. Good beel type cows 10.00-11.00; good dairy type 9.00-10.00; medium 7.00-9.00; common 5.00-6.00; shelly kinds lower. Good beef type heifer* 12 - 00-13.50; medium 8.00-9.00- "com mon 6.00-7.00. Good butcher bulls 10.00-11.00; medium 8.00-9.50- EX common kinds 6.50-7.50 Choice calves 16.00; good 14.00-14.50- med ium 11.00-12.00; common 8.00-10. N- c. hog markets RALEIGH, Jan. 29—(<4>)—(NCD A) Mourn cfim615 firm’ with Ro(*y Cll"ton and Smithfield pay ing the ceiling top of 14.55. RALEIGH POULTRY fan- 29—(Ai— (NCDA) RA0LETrH°Unry,markGts firm tra lar-p S' gl'ade AA ex" 1 large 49; fryers, broilers and (•roasters 28 to 29.3 cents I ROOTS AND HER BUDDIES— _ __ITS A TONIC '*= ^o\w6 sv^vv: ^00A6'. ^OO AVtf> jfmi ■ . U qoO "XPiVCt "Wt 6“" " tOtWNWG OVV ftYSD HPWt ..JpH C\WR.fS. . ■oOAt VOW OOO.MYV ■\0 YhYNICYN^ • v\ow>t'» \s O0\**> * 506] VWBW CAOsiwb'. r4vwb<b ^tViVAOWt. KWIl TWOYlVOOftt Ott V8LXT1 11 HtV VOMURC. \,. =c MRS. TOWWS YOO? ^ "4 MtO\C\VStYO 7-~ PPlSCPJPJioull fo? TH£ fb blues r m m WASH TUBBS— MEET MR. BLEEKE! | THEY'RE A LONELY OLD COUPLE,-SHERIFF/] I SHOULD COME HERE OFTENER... MEANTj a TO ARRIVE YESTERDAY, BUT--Jteg^§||| WHY - OH, \ HELLO, VALK! WHO ARE THESE s'"' CS, ttj mm | GASOLINE ALLEY— ~ SHARE ThFcoST I inW—il1 V I— m' “TnIKnrw g that was now, if any of YOUR \ WE 1 § KEEN.' FATHERS WANT ANY J06S 1 SURE E THANKS PONE YOU TELL ME. I A WILL, F CET A COMMISSION. M JUPY. t IHfcKfc.' l LAN \ TAKE THE PglCE OF ! THOSE SODAS OFF l S\^MV INCOME TAM. DR. BOBBS— _by ELLIOTT and McARDLE WAITING ON TABLES WASN'T 1 EXACTLY MV IDEA OF MAXING MV WAV IN THE WORLD * BUT IT WAG A -/"T ..UNTIL CHARLERDECIDED THAT THE BOSE WAS WOOING ME AND PUT HIM RIGHT INTO A HOSPITAL. THE BOSS'S WIFE FIRED ME/ I HAD A LOT OF JOBS AFTER THAT...BUT EVERVTIME CHAPlEV ,U CAME INTO fJ, MV LIFE. \ A SOMETHING ).sf AWFUL HAP- /' [0 PENED.... - f. THEN, one DAV.... -/s J M'hr*.*)!*—Iv,^ .. DEEPEN Alt WIIH A HUNDRtl WORMS..I STOLE.MS CR.Gr' ONE REAR IN THE DETENTiGH ...THEN CHARLEV AGE THE GUMPS— IT’S LATER THAN YOU THINK, SHERIFF dU£T A MINUTE, £16 5HOT S IT WASN'T IN MY AGREEMENT THAT yOU WERE GO1M6 TO HARM THOSE PEOPLE-X WASSUPPOSEP TO 6ET THEM TO TURN THE RANCH OVER TO '7OU LEGALLY' LITTLE ORPHAN ANNIE— YACKETY, YACKETI I WeVE BEEN MA'I'BE AGAIN7 7 A SHORT PEACE ■ I ATTACKED/ WE RE SO ^ I THAT ONE WAo^M OUT OUR WAY— ~ By J. R. WILLIAMS r STUFF^ \ T OH, IS THAT IT? I fX4.Fp °.^r TtL_ THOUGHT THAT WAS J ™E NEW SPRING th garage an i \ style for soya * LIKE T NEVER GOT \ FOR BOY5' OUT- - I GOT STUCK j IN THAT TRAP- / DOOR.' .-^ *— _ OUR BOARDING HOUSE with MAJOR f EASY MOvJ, M.A30R f WAH-OM !ER.VMY, YES/, LOOK AT ME — JA EGAD/: I CRAYETOIL. ; YOU'RE A HUMAK SOMETH I MG BIG AMD ' DYMAMO — FEVER.- VgijREMENJDOUS/— WHERE ISH vhTH EMERGY )^> ARE MY OVERALL9 *• FOR A 30B — BRIMG ME IROM, STEEL, FULL OP THE OLD \<A RlYETS, AMD I'LL BUILD PEP — YOU VJAMT Y > A TRAMS AT LA MI 1C BR'DGc VMORKj vJORK.\MORK\ ( AMD MAKE A HAMD YOU LOYE IT J v CARY ED ‘ AUO locomotive '■ ) TO RUM across^ ... _ -Y __ WHV MOTHERS OET ORAY I-** I *"" 1 BEG U 9. P»T. OFF I
Wilmington Morning Star (Wilmington, N.C.)
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Jan. 30, 1946, edition 1
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