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Steels Exh i b it Strength On Cross-Purpose Market Rail Issues Steadier, Liquors Weaker, Many Indifferent MARKETS AT A GLANCE NEW YORK, Feb. 7.—W>— Stocks—Irregularly lower; liquors tumble as steel rises. Bonds—steady; high priced is sues advance. Cotton—quiet; mills cover againsl textile orders. CHICAGO: Wheat—unchanged at ceilings. Corn—unchanged at ceilings. Rye—unchanged to 3 cents high er; good demand. Hogs—active, steady. Top $14.8E celling. Cattle—mostly fully steady; act ive. Top $18 ceiling. NEW YORK, Feb. 7—Uft-Stocks generally worked at cross purposes in today’s market with steels ex hibiting relative strength, rails steadying, liquors weakening and many leaders indifferent. Metals apparently were hearten ed by prospects of a quick settle ment of the steel strike. Distillers dropped 3 to more than 5 points at tiie worst following the banning of wheat for the manufacture of alcoholic beverages. Most cut their losses in the final hour. Dealings slowed after a fairly active opening and there was no particular buying rush on the come back. Declines were in the majority at the close. Transfers totalled 1, 490,000 shares compared with 1,740, 000 Wednesday and were the small est for a full stretch since last Jan. 7. The day’s selling again was based mainly on the desire of customers to await the administration’s new wage-price policy and its possible inflationary implications. Accounts also were trimmed on the idea the market's lengthy upswing to 15 year highs had discounted many Dullish factors. Passage by the House of the Case strike control bill was helpful. The Associated Press 60-stock composite was unchanged at 79.8. Of 957 issues registering, 418 were down, 364 up and 175 unchanged. U. S. Steel, ex-dividend was up 1 1-4 at 95 1-2. Others in front in cluded Bethlehem, Sloss-Sheffield, Republic Steel. Youngstown Sheet, General Motors, Chrysler, Santa Fe, N. Y. Central, Southern Pacific, Baltimore md Ohio, United Air craft, Republic Aviation, Western Union “A”, U. S. Realty, Anaconda, American Smelting, Allied Chemi cal and J. I. Case. The lately soft Philip Morris rallied 1 7-8. Dresser industries fell 1 3-4 in fee wake of yesterday’s dividend omission and cancellation of a “special” 25,000-share sale. Dis tillers Corp. yielded 4 points, Hiram Walker 3 3-4, National Dis tillers 3 5-8, American Distilling 2 1-4 and Schenley 1 3-4. Casualties included Goodrich, Woolworth, In ternational Harvester, Johns-Man ville, Douglas Aircraft, Great Northern, Southern Railway Ameri can Water Works, American Air lines, Eastern Air Lines, Du Pont, General Electric and Texas com pany. Bonds improved in the high grade division. At Chicago oats and rye were unchanged to up 1 and 3 cents a bushel, respectively. Cotton added 60 to 85 cents a bale. Modest curb gainers were Barium Steel, Babcock and ~Vil cox, and Niagara Hudson Pjwer. Brown-Forman Distillers lost 3 1-2. Minor recessions were shown for American Gas, Cities Service and Cessna Aircraft. Turnover here was 810,000 shares versus 1,140,000 yes terday. STOCKS AVERAGES Compiled by The Associated Press Feb. 7— 30 15 15 6U Indus Rails Util Stocks Net change D.2 A.l D.2 unch Thursday 106.0 50.4 53.3 79.8 Prev. day 106.2 50.3 53.4 79.8 Week ago 105.9 50.3 53.7 79.8 Month ago 103.4 48.9 52.6 79.8 Month ago 103.4 48.9 52.6 77.9 Year ago 81.1 35.2 40.9 60.0 1945-46 high 106.6 51.0 54.1 80.4 1945-46 low 78.6 32.9 39.2 57.8 1944 high 79.2 34.5 39.2 58.3 1944 low 69.1 22.9 35.1 49.5 Stock Market Quotations (BY THE ASSOCIATED PRESS) Trev. Yesterday Close Close Alleghany... 7% 7% A1 Chem and Dye_202 205 Allis Chal Mfg__53 y8 53 American Can_ 97 98 American Car Fdy ... 67% 66% American Roll Mill ... 35% 36% American Smelt and Ref72y4 72 A T and T...194% 194% American Tobacco B ._ 87% 36% Anaconda _50% 51% Arm 111 ..15% 15% Atlantic Coast Line _. 78% 78 Atlantic Refinery_35 % 34% Av.ation Corporation.. 13% 13% Baldwin___38% 37% Baltimore and Ohio ... 28% 28% Barnsdall __23% 23% Bendix Aviat _ 56 55% Beth Steel . 112 112% Boeing Airp..31% 31=4 Borden _54% 54% Budd Mfg.. 25% 25% Burl Mills_42% 43 Bur Add Mach_19% 19% Cannon Mills __ 66 Case J I - 46% 46% .Caterpil Trac _ 74% 74% Ches and Ohio_ 61 % 61% Chrysler -136% 137% Coca Cola _182 185 Coml Cred ..25% 23y4 Coml Solv _22% 22 Comwlth and South ... 4% 4% Consol Edis -35% 35% Cons Vultee__ 31% 31 Cont Can-.... 46% 47 Curt Wright_11 H% Curt Wright A_31% 31% Dow Chem..164 163% Doug Aiic._95% 95 DuPont ._1993/4 1983/fe Eastman Kod _256 - Girestoen _•_ 78 78 Gen El ...51% 51 Gen Foods ..54% 54% Gen Mot _,_78% 7834 Goodrich...77% 74% Goodyear _67% 68 Gt Nor Ry Pf_... 61% 6134 Int Harvest.. 97 95% Int Tel and Tel. 293/4 30% Johns Manv _152 149 Kennecott . ... 573/4 57% Ligg and MB_94% 93% Loews _38 V4 39 Lockheed _•_41% 41 y4 LoriUard _ 28 29 Mont Ward _78% 78% Nash Kelv -24% 24% Nat Bis .33% 33% Nat Cash Reg_43% 43 Nat Dist ...76y8 723/4 N Y Cent_33% 33% No Am Av__153/4 15% No Pac..33% 33% Packard - 12V4 12% Param Pic _70% 7034 Penney J C-56% 57% Penn R R-•_46% 47% Pepsi Cola_37% 37% Phillips et _ 53 55% Pitt S and B-13% 13% Pullman -66% 66y4 Pure Oil ...- 223/4 m% Radio -18% 18 y4 Radio K O ...-20% 203/4 Rem Rand .— 38 39 % Repub Stl -39% 39% Reynolds B _39% 40% Sears ... 43 42% Soc Vac_17 17% Sou Pac-.... 64% 65% Sou Ry-■-58% 58% Std Br..49% 48 Std Oil N J- 683/4 68% Stewart War-24% 24% Swift _■- 403A 40% Tex Co-j.... 58% 583/4 Un Carb _108 108% Unit Airl _46% 46% Unit Corp_ 6% 6% Unit Drug_30% 30% Unit Fruit ___113% 114 Unit Gas Imp_27% 27% U S Indus Chem_58% 573/s U S Rubber_68% 68 U S Smelt and Ref .. 83 88 U S Steel__95% 95% Vanadium _36% 373/4 Va Garo Chem __ 22% 11% Warner Pic J_36% 36y> West Un A ...._51% 52% West El.. 383/4 383/4 Woolworth _56% 55% CURB Can Marconi_ 4% 4% Cities Service _ 3334 33% Colon Dvmt_ 5%% 5% Ej^Bond and Share __23% 23% INVESTMENT BONDS GET GOOD SUPPORT NEW YORK, Feb. 7—(TP)—De mand for investment securities pushed U. S. government’s and low yield corporation issues into higher ground yesterday ground in today’s bond market. Sales of $5,180,000 compared with $7,300,000 on Wednesday. The Victory loan 2 1-2 per cent bonds of Dec. 15, 1956-72, offered for subscription at par late last year, were quoted at 104 9-32, up 11-32, and most medium and long term treasury bonds were avail able only at substantial advances. Investment-rated corporation bonds rose .1 of a point on aver age in the Associated Press com pilation to a new 1945-46 high of 119.5. American and Foreign Power 5s Commonwealth Edison 3 l-2s[ Northern Pacific 4s and Pennsyl vania railroad 3 l-4s were among those improving. Carriers continued their upward trend gaining .4 of a point on average to reach a 1945-46 high of 106.8. Erie 4 l-2s, Third Avenue 5s, and most Baltimore and Ohio Northern Pacific and St. Louis San Francisco issues were among those rising, while some St. Paul Lehigh Valley and Katy obligations dropped off slightly. Utilities and industrials rose 1 of a point on average. Higher were Pennsylvania Power and Light 3s, Western Union 5s, Goodrich 2 3-4s (cS) 2°31-4s2 3'4£> and*Uni°n 0il lower618*1 bonds were generally * i . FOREMN bonds A/USt 5-5 55 - 1081/ Aust 4%.s 56. STOCK AVERAGES Fehm?~ei by The Associat'd Press 29 19 10 10 —— . , Rails Indus Util Fsn T via Net change A.4 A.l A i n, "? ! Thursday 106.8h 104.8 108.9 76 5 mi Prev dav 106.4 104.7 IMS 76 6 mi Week ago 105.7 104.7 109 2 76 5 nil Month ago 104.6 104.2 109.0 76 0 ill? 1945-46**’° 98'3 10« «"-5 £? U6.6 «£}% i“3 I07.3 68*8 ill? Bond Quotations JCL 4%s 64_ 117 B and O 4s 48_” iAA Can Pac 4s Perp _ _ 115% C and Ei Inc J M 97_I_“i::: 86% Cgw 4s 88 _. 977/0 P 4s 34_ 703/, r? Ut,4^2S 77 -ZZIIl06% 5 **gw 5s 55 _ 18% Hud-Man 5s Tu _ 79% IUs Cent 4%s 66_ 97 Mk and T AJ 5s.. 109% Mo P G 4s 75__ _ 5834 NYC Rfg 5s 2W3 Z__ZZZ_ZZZl02 Sou Ry 94 _ 143% Sou Ry Gen 4s 56 .."Z_Z.Il06% West Md 4s 52 _61% WHAT STOCKS DID . , Thur. Wed. Advances .. 364 257 Declines _ 418 590 Unchanged.. 175 177 Total issues_ 957 1024 I Grain CHICAGO GRAIN CHICAGO, Feb. 7——Sun spots almost threw the price of May rye for another loss today. Brokers said that because of the sun spot activity telegraphic con nections between the Chicago and Winnipeg boards of trade were severed and that when the service was restored prices at the two places were headed in opposite directions. A recession that had carried quotations below yester day’s close was underway here, while at Winnipeg the grain was on the climb. Chicago brokers yielded to the Canadian traders and promptly started a rally which lifted the bids to as much as 3 cents above the previous finish at the close, al though at Winnipeg the final quota tions were up the 5-cent limit al lowed in one day. Wheat, corn and barley closed un changed at ceilings of $1.80 1-2, $1.18 1-2 and $1.22 1-2; oats un changed to 1 cent higher than the previous finish, May 81-cent ceil ing; rye unchanged to 3 cents up. May $2.09 3-4 to $2.10. There were recurring r^>orte that sizeable amounts of wheat are in country elevators and would be moved into commercial chan nels if more adequate facilities were available. Directors of the Chicago board of trade were expected to take action within a few days on the government request that it limit or discontinue trading in the usual ly erratic and ceilingless May rye, wnich is now 65 1-2 cents above the $1.44 1-2 maximum figures for other deliveries of the grain. wHjbAx: May . . . 1.80% Jly 1.80% - 1.80% Sep 1.80% --, __ 1.80% I>ec 1.80% _ 1.80% COEN: May .. 1.18% ^y - -. i.i8% SeW. ‘'18’41 May 81 M 81 81 Jiy 80% 80% ao% 80%! Sep 78% 79% 78% 79 Dec 79% 79% 78% 79 Xvx £ * May 2.08 2.10% 2.08% 2.00% & - —.- 1-44% BARLEY:’ . * ^y - -. 1.22% SeP .. . 1.22% ' CASH GRAIN CHICAGO, Feb. 7.—(4’1-Wheat: No. 2 hard and No. 2 red 1.79, nom inal, ceilings. No corn sales. Oats: Sample grade white, T* plus two cent markup. Barley, nominal Malting, 1.24 1-39 1-2; feed. 1.10-1.23 1-4. Field seed per hundredweight, nominal: Red clover, 3.50; sweet clover, 10.75; alsike, 28.50; alfalfa, common, 33.50-36.50; timothy, 5.25 5.50; red top 11.00-11.50. Livestock CHICAGO LIVESTOCK CHICAGO, Feb. 7.—(USDA) —Salable hogs 8,500, total 18,500; active, steady; good and choice barrows and gilts 14.85 ceilings; cows at 14.10 ceiling; complete early clearance. Salable cattle 6,000, total 6,300; salable calves 700, total 700; fed steers and yearlings, including yearling heifers, fully steady; trade generally active, most steers 14.75-17.25; top 18.00 paid for two loads choice yearlings; several loads 17.40-17.85; most heifers 14.00-16.00; best heifers 16.75; size able supply cows active to most buying interests except on strictly good offerings recently selling above 13.50; bulk beef cows 9.50 12.25; canners and cutters in de mand at 7.25-8.75; bulls firm, most sausage offerings 11.50-13.00; beef bulls 12.75-14.00; vealers very scarce, fully steady at 15.50 down. RICHMOND LIVESTOCK RICHMOND, Va., Feb. 7—(JP)— (USDA)—Hogs —25. Market at ceil ing 1490 (flat) on good and choice barrows and gilts 120-330 lbs. up; 100-120 lbs, 13.40; good sows under 350 lbs., 14.15; 350-500 lbs., 13.40; weights over 500 lbs., 12.90. Good stags 12.40. Cattle—choice steers 16.00-16.50; medium 11.00-13.50; common 8.00 10.00. Good beef 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 heifers 12.00-13.50; medium 8.00- 9.00; common 6.00-7.00. Good butcher bulls 10.00-11.00; medium 8.00- 9.50; light common kinds 6.50 7.50. Choice calves 17.00; good 14.00- 14.50; medium 11.00-12.00; common 8.00-10.00. N. C. HOG MARKETS RALEIGH, Feb. 7—(JP)— <NCDA) —Hog markets active and steady with tops of 14.55 at Clinton and Rocky Mount and 14.90 at Rich mond. A Cotton NEW YORK COTTON NEW YORK, Feb. 7—{JP)—A late flurry of mill buying carried cotton futures into new seasonal high ground today as the demand dis closed a scarcity of offerings. Final pricM were 60 to 85 cents a bale higher. The May 1946 delivery reached 25.58 cents, the highest price for futures since the 1924-25 season. Prior to the late rally, the mar ket held quiet as traders awaited developments on the administra tion’s new wage-price policy and the hearings in the House next Mon day on the extension of price con trol. Some quarters anticipated an other strong effort by the farm bloc to push through the Page bill which would include farm labor costs in the parity formula. Cotton futures closed 60 to 85 cents a bale higher. „ . Open High Low Last Mch 25.46 25.57 25.43 25.57 up 12 May 25.44 25.58 25.44 25.53 up 16 Jly 25.43 25.56 25.41 25.55 up 15 Oct 25.23 25.38 25.23 25.38 up 17 Dec 25.20 25.32 25.20 25.32 up 15 Mch 25.17 26.215 25.17 23.27n up 14 Middling spot 26.15, up 14. n—nominal. NEW ORLEANS COTTON NEW ORLEANS, La., Feb. * —(IP) —Cotton futures closed here today steady 40 to 65 cents a bale high er. Open High Low Close Mch 25.51 25.65 25.51 25.60 up 8 May 25.47 25.60 26.47 25.55 up 10 Jly 25.47 25.59 25.46 25.57 up 11 Oct 25.29 25.43 25.29 25.41 up 13 Dec 25.26 25.37 25.26 25.35 up 11 NEW ORLEANS SPOTS NEW ORLEANS, Feb. 7.—(IP)— Spot cotton closed steady 50 cents a bale higher. Sales: 1,753: low middling 20.30; middling 25.30; good middling 25.70; receipts 1,891 ■ stock 262,595. NEW ORLEANS MIDDLING NEW ORLEANS. Feb. 7.— The average price of middling 15-16-inch cotton at ten designated southern spot markets today was I 65 cents a bale higher at 25.44 cents a pound, a new high for the season; average for the past 30 market days was 24.78; middling 7-8-inch average was 23.84. CHARLOTTE SPOTS CHARLOTTE, N. C., Feb. 7—(IP) —Spot cotton 25.50. TREND OF STAPLE PRICES NEW YORK, Feb. 7.-The Asso ciated Press weighted whoelsale prices index of 35 commodities to day advanced to 112.30. Previous day 112.21, week ago 108 49 month ago 12’32> year a?o 1945-46 1944 1943 1942 High 112.81 108.73 107.54 103.22 Low 107.90 106.03 103.43 95.54 (1926 average equals 100) y4 RALEIGH POULTRY RALEIGH, Feb. 7—(IP)— (NCDA) —Poultry and egg markets steady. Raleigh—U. S. grade AA, large 42; hens steady. Fryers, broilers and roasters 28 to 29. Grandma SPEARIN'... • * » ' w RICHEST FOLKS in ths world are those who don’t know what it's like to have a lot o’ money, * * * BLESS MY SOUL, there ain’t nuthin’ easier than makin’ sure ye’re gittin’ a top-quality mar garine. Jest look fer the word* “Table-Grade". Nu-Maid S ine’s Table-Grade. Sez so jest as plain as the nose on yer face right on the package. ce * * * QUICKEST WAY to lose frl«„,i is^o tell ’em what’s wrong'with * * • YOU CANT get blood out of a turnip and you can’t expect a seasonin’ to give vee-etn^ii-ect f flavor ’less it’s gotjonrfflt g00<? its own! That’s wlfv r ^i 0r of Table-Grade Nu-Maid \fi us Vse ter my seasonal churned-fresh flavor. So’ll yo^ M " BOOTS AND HER BUDDIES— v oovi «oo’.\ Hoc** uvt j -ws**** hvs* oorfr I J^QOOOclo ODtt VOCA\_ Y\OVO\W6 I VttVOVi NgNj Trtv eove To11 'dove was. , hmoos lowtjoss. d CLM&OUNBH WRWM6 60001 AVRS.AW'.|vS AVVOti I M$>\V>AV5V3t vtve VOVlOW 'SMI ¥¥. WASH TUBBS— JUST IN TIME I GASOLINE ALLEY— ONE AT A TIME, PLEASfT I THAT PICKETING WAS^foON'TYOU ALL RIGHT AS A JOKE, f THINK, MOM, THAT . BUT I STILL THINK ITS TIME YOU YOU CHILDREN ARE STOPPED CALLIN'US MERCENARY. "THE CHILDREN:? - -( WHY SHOULD It YOUR FATHER CALLS SKEEZIX AND NINA "THE CHILDREN'! MY PARENTS CALLED ME AND MY BROTHERS "THE CHILDREN' AFTER WE WERE CROWN UP. THAT DOESN'T GO FOR "p ‘ YOU, PUNK. YOU AM One *j BUT I'M G20WN (JP AN' V;>'M TALKIN'.ABOUT Wgf/-j[ DR. BOBBS—_ by ELIOTT and McARDLE I j THE WINNAH 1 AND STILL . CHAMPION!! M mmin DARLIN/THIS institution is ROCKING WITH THE BLOW BY BLOW DESCRIPTION OF YOUR LITTLE BOUT. BUT WHY-)-^ CAN'T YOU GUESS, CHARLEY. J /SSn'Ti maybe t can-this dame 1 ' makes a crack about r YO.UR-.RAST?> ,CHARLEY WHAT'S THE USE ?f HONEY, rStENTOME.UmAYBeH MAYBE THERE'S SORT.^U SO - L OF A CRAZY SYSTEM p CHARlEV ABOUT ALL THIS”” " BUT NOT IN MAYBE THIS IS THE |THE WAY YOU BEGINNING Tuiwuf'H SOMETHING GOOD j THE GUMPS— OFF WITH THE OLD (?) ^iSOLuy.-ttsooo ooo\ what'Re you THAT'S MORE MONEY \ <SOIU<S TO PO THAN THERE & IN THE I WtTH ALL THAT VYORLP! TTrllflik J POLISH, TgfrgHA? 'POE5 Trif\T INCLUPEM OLPHU40MP7 LITTLE ORPHAN ANNIE— WHAT’S BUZZIN’, COUSIN’* Buses smashed up- ^ M AU. THAT RUBBISH-.- 1 KE WAR ! MAYBE | R! MAYBE THOSE ARE ’ lookin' FOR ME/ 1 --------—-——- ---- I’M GETTIN' OUT ’ MERE/-- _ you comin; TOO? O. K. WElL STAY IN THE SHADOWS" ' WISH MY HEAD WOULD QUIT BUZZlN’SO LOUD/ BUT TH' WIND IS BLOWIN’ THIS WAY - MAYBE THEY WON’T HEAR. THIS BUZZIN* 0UT OUR WAY— By J. R. WILLIAMS TnS| nntDE ) DO VOu HAV£ V WHY, IT'S JuST A \ | , to bect X^rFuPD^Tn ™’ / MATTER OF TASTE- ) r-r-Cl ^ \ SCENER.y TO LOOK \ FROM HFCf= rn<=. a 1 WS FAR^) IT^^WHijt'Tp^!? °F I AR,ZOWA SUMSET-- / s BACK'VI i i pTJ^ W FROM WHERE HE IS \ camf hp^^ p 1 / ‘TS A EMeuSH ROSE t" \CJOY ART JSt^VI ^KDEM-FROM / \ V SUeVPV^T* T V WHERE YOU ARE 7 _ suRVEYiM! \ v |-p5, -ft-)' crry —r--r dump--you're I_ MM ^ (irr^n »*■•' \ THE CONNOISSEURS i OUR BOARDING HOUSE_with MAJOR HOg* I LOOK AT Me ! AH / ? Y: THERE NOW/ You'Re ] THE WIFE OF A 8UGY f, workerZ-^-you see T HIM,TOILING LIKE A J BEAVER, PILING UP \ HOUR APTER HOUR OP ) OVERTIME —-YOU < ARE THRILLED BY HlS NIAGARA-LIK.& POWER gf WHAT'S THATYOO SAY'**' YOU MEAU AlAOSf-^Ves, : POOR MAM/WORMlMO >9 ' ^ HOURS ADAY-^ALLTHW y( YEARS, WITH MO MORS j ^7 HOLIDAYS THAM ATOWN/i CLOCR/-^*-X'M AFRAp ' : S. HE'LL Gl\JE OOT LlRS A,, , ^ ^ ggQHEM SACM OF ^l0^yA | Una! l/ES, SUES WPM0TI1ED — \o\ Per ce^t=
Wilmington Morning Star (Wilmington, N.C.)
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Feb. 8, 1946, edition 1
14
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