Motor Stocks Take Lead
In Fair Market Comeback
Dealings Prove Sluggish
From Start But Trade
Gains Near Close
. MARKETS AT A GLANCE
NEW l’ORK, March 21—(/Pj—
Stocks — higher; leaders in
alow recovery.
Bonds — steady; selected
rails improve.
Cotton — steady; mill and
New Orleans buying.
CHICAGO
Wheat — strong; government
buying flour.
Corn — strong: lower 1941
acreage forecast.
Oats — steady in sympathy
With other grains.
Hogs — 10 cents to S1.00 low
er; practical top $27.40.
Cattle — slow and steady to
$6 cents lower; top $25.50.
- - —
NEW YORK, March 23— (/Pi—
The slock market shook off some
of its indecision today as motors
led a comeback which extended tc
virtually all departments.
Dealings were sluggish from the
•tart with only 430,000 shares
appearing in the first four hours.
Activity expanded by 280,000 in the
final hour as trends generally stif
fened, While scattered losers per
sisted and many pivotals failed
to do much on the upside, advances
were widespread at the close,
of fractions to 2 or more pc.nts
Transfers of 710.000 shares compar
ed with Thursday’s 6-months’ low
of 630,000 for a full stretch.
The automotive group was aided
by another postwar production rec
ord this week. Professionals, who
•till accounted for most of a techni
cal recovery was due. Earnings
were helpful. Passage of the tax
cut bill by the House Ways and
Means committee bouyed senti
ment. Many customers held aloof
or trimmed accounts because of
continued doubts regarding wage
price situations, the business out
look and foreign complications.
Threats of a strike by employes in
the financial district were a re
•training factor.
Composite Up
The Associated Press 60-Stock
Composite was up .6 of a point at
•8.1, a high since March 7. The ad
vance equalled that of last Tues
day which was the best since Feb.
27. Of 914 issues registering, 531
rose and 179 fell.
Vulcan Detinning prefer-ed. a
notably -thin” performer, was up
19 points on 10 shares, first sale
since March 14. Standard Oil (NJ i
was up 1 1-4 at 67 1-4 and Texas
Co. 1 at 60 as the former lifted the
pric^ of petroleum products Chrys
ler adoed 2 3-8 at 97 3-8, General
Motors 1 3-8 at 60 3-8, U. S. Steel
1 1-4 at 73, Du Pont 2 at 184, Great
Northern Railroad 1 3-8 at 42 1-2
and Goodrich 1 1-2 at 65 1-2.
In front were Bethlehem, Repub
lic Steel, Goodyear, Montgomery
Ward, In'ernational Harvester,
Eastern Air Lines, American Tele
phone, Western Union “A”, Santa
Fe, N. Y. Central, Pennsylvania
Railroad, Southern Railway, Para
mount Pictures, Anaconda, Kenne
cott, U. S. Gypsum and Johns
Manville.
Dome Mines Recede
Dome mines conceded 3-8 at 1-8
in the wake of a reduced quarterly
payment. Norflok & Western lost
2 at 240 1-2 and Allied Chemical
1 1-2 at 174 1-2.
Bonds improved and commodi
ties turned strong. At Chicago
wheat was up 2 to 5 1-2 cents a
bushel, corn 2 1-4 to 3 1-4 and
oats 1 to 2 1-4. Cotton advanced $1
to*$2.45 a bale.
Ahead in The Curb were Ameri
can Gas, Cities Service, Middle
West Corp., Raytheon and Winni
peg Electric. Laggards were Lane
Wells, International Petroleum and
National Rubber Machinery. Turn
over here was 200,000 shares ver
sus 170,000 yesterday.
STOCK AVERAGES
Compiled by The Associated Press
March 21
Net Change A.7 A.5 A.2 A.6
Friday 90.5 34.2 44.7 65.1
Prev Day 89.8 33.7 44.5 64.5
Week Ago 88.3 33.5 44.5 63.7
Month Ago 93.3 37.3 47.0 67.9
Year Ago 102.1 45.8 52.6 76.3
1947 High 94.6 38.5 47.2 69.0
1947 Low 87.5 33.5 44.3 63.6
1946 High 110.4 51.2 55.4 82.4
1946 Low 82.0 30.9 42.5 59.4
WHAT STOCKS DID
NEW YORK. March 21—f^P)—
Fri Thu
Advances ... 531 261
Declines_-_ 179 450
Unchanged — ......... 204 218
Total Issues ___ 914 929 |
Stock Market Quotations
, Bj THE ASSOCIATED PRESS
Prev- Xes
ious terday
Close Close
Allegh'ny .- 4V$ 4%
A1 Chem and Dye — 176 174%
Allis Chai Mfg. 34% 35
Amer C->n __ 94% 95
Amer Car Fdy ... .. 49 50%
Aimer Roll Mill _ 33% 34%
Aimer Smell and Ret 54% 55%
A T anc T _ 165% 166%
Aimer Too R. 73% 74
Anaconda _ ... 39 39V?
Arm 111 _ 14 14%
A'la c Coast Lire —— 53%
Atlantic Ref.. 33% 34%
Aviation Corp . 6% 6%
Baldwin . ... 21% 21%
Baltimore and O_ 14 14%
Barnsdall _ 23% 23%
Bendix Aviat _ 34% 34%
Beth Steel _ 91 91%
Boeing Ai-:p . 21 21
Borden .. .. 43 42%
Budd Mfg _ 12% 12%
Bur] Mills . 19 13%
Bur d Mach. 14% 14Va
Cannon Mills __ 67 66%
Case J I. . 34% 35%
Caterpil Tiac ...... 59% 60
Ches ar.d O _ 49 49%
Chrysler _ -- .. 95 97%
Coca Cola __ _ 153
r 1 Cred.. 40% 41
Coml Solv.. . 24% 24%
Comwlth and Sou ._ 3% 3%
Consol Edis . 27% 27%
Cons Vullee .. 17 17%
Cont Can___ 41% 40%
Con Prod . . 69% 70%
Curt Wright _ 5% 5%
Cr Wright A__18%
Dow <-hem__ 164 163%
Doug Aire .. 68 68%
Du Pont ..__ 182 184
Eastman Kod .. 190% 192%
Firestone ...._ 55% 56
Gen El . 35% 35%
Gen Foods__ 42% 43
Gen Mot .. 59 6u%
Goodtich ..._ 64 65%
Goodyear . 54% 55 %
G1 Nor P • Pf_ 41% 42%
Int llarves' __ 82 84
Int Tel and Tel _ 14% 14%
Johns Manv .. 122 123%
rwciwieuoxx, ---no
Ligg and MB _ —- ——
Loews _ 23 23%
Lockheed _ 17% ' 7 %
Lorilla.d ... .. 19% 19%
Mont Ward _. 57% 58%
Nash Kelv .. 16% 17V4
Nat Bis .. 37% 31
Nat Cash Reg_ 40V„ 40Vs
Nat Dist . 19Vg 19%
NYC' ... 17% 18%
No Am Av __ IOVe 10%
NoPac__ 19% 19%
Packard _6% 6%
Param Pic - 25 26%
Penney T C _ 42% 42%
Penn R R .. 22 22%
Pepsi Cola . 26% 27%
Phillips Pet .. 51% 52
Pitt S and B.. 8% n%
Pullman _ 58% 58
Pure Oil .. 23% 24%
Radio .. 8% 8%
Radio K O . 14% 14%
Rem Rand _ 32% 33%
Repub Stl __ 27% 28%
Reynolds B . 40% 40%
Sears __.... 35% 35%
Soc Vac _..._ 14% 14%
Sou Pac _ 40% 41%
Sou Ry . 41% 42%
Std Br_-.. 35% 35%
Std Oil N J _ 66 67%
Stewart War_ 17% 17%
Swift__... 35 34%
Tex Co _ 59 60
Un Carb _ 99 % 100%
Unit Airl . ._... 24% 25%
Unit Aire _ 18 18
Unit Corp_._ 3% 3%
Unit Drug _. 9% -
Unit Fruit _ . 48% 49%
Unit Gas Imp _ 22% 23V,
U S Indus Chem_ 48% 48%
U S Rubber _ 52Vs 52%
U S Smelt and Ref — 49
U S Steel _ 71% 73
Vanadium .. 19%
Va Caro Chem_ 8% 8%
Warner Pic _ 15% 16
West Un A .. 19% 20%
West FI .. 25% 25%
Woolworth . .. . 48% 48%
CURB
Can Marconi _ 2% -
Citie Service _ 29% 30%
Colon Dvmt ....... 4% -
El Bond and Sh_ 14!, 14%
BOND QUOTATIONS
NEW YORK, March 21——
AT and SF 4s 95 ..131
ACL 4%s 64 . 108%
B and O 4s 48 .. 99%
Can Pac 4s Perp _..... 103%
C B and S 4%s 77__ 114
C and E 1 Inc 97 . .. 34%
C R I and P R 4s 34_50%
Hud C 5s 62 .. __ 80%
Hud-Man 5s 57 __ 58%
Ills-Cent 4%s 66 .. 81
Int G N 6s 52 .. 23Vz
M K and T A J 5s 67 ... 70V2
Mo P G 4s 75 ... __ 31V2
NYC Rfg 5S 2013_ 85%
Nor and West 4s 96 _ .. 135%
Nor Pac 4%s 2047 . 100
Penn R R G 5%s 65_109
Sou Ry Gen 6s 56 x ...... 114Y2
FOREIGN BONDS
Aust 5s 55_ __ .. 109
Rio Gr Do Sul 6s 68 _ ... 36%
TREND OF STAPLE PRICES
NEW YORK, March 21 — (VP)—
The Associated Press weighted
wholesale price index of 35 com
modities today advanced to 182 68.
Previous day 182.21. week ago
182.75, month ago 172.78, year ago
115.46.
1947 1946 1945 1944
High 182.75 169.72 112.81 108 73
Low 164.05 112.02 107.90 106.03
(1926 average equals 100).
NAVAL STORES
SAVANNAH, Ga., March 21—OP)
—Turpentine 1.01; offerings and
sales 193; receipts 17; shipments
238; stocks 1,052.
Rosin: offerings, sale's, receipts
and shipments, none; stocks 2,216.
Quote: Unchanged.
I PRICE OF COPPER
£ cents " Price of Electrolytic Copper at New York cents
__m-'w,.. .40
RAIL BONDS PULL
STEADILY AHEAD
Selected Liens End Day
With Gains Ranging To
More Than Two Points
. n—.
NEW YORK, March 21 - (IP) -
Selected railway issues pulled
ahead of a steady bond market
today for gains ranging to more
than 2 points.
Demand centered on the lower
priced loans while more expensive
liens showed either fractional ad
vances or even slipped a notch.
Utilities, on the average, did bet
ter than other groups but trade
was skimpy.
Turnover amounted to $3,080,000.
compared with $2,940,000 Thurs
day.
Attention of many bond men
was diverted to the over-the-coun
ter market where U. S. Govern
ments showed further strength.
The Victory Loan Dec. 1 l-2s of
'67-’72 gained 2-32 of a point at
103 11-32, or a yield to the .pur
chaser of about 2.30 percent. The
year’s low for the issue was 102
24-32, or a yield of about 102.33
percent.
Corporates marked up included
AT&T new 2 3-4s at 115 5-8,
B & O convertibles at 49, Cen
tral of N. J. 5s at 38 1-2, Rock
Island refunding 4s at 50 1-2, Den
ver & Rio Grande 4s at 62. Mis
souri Pacific general 4s at 31 1-2.
Frisco 4 l-2s at 50 3-4, and Sea
board Airline incomes at 71 7-8
Western Union liens moved smart
ly forward.
Trimmed a bit were St. Paul
incomes at 84 1-2, Pennsylvania
3 l-8s at 96 1-4, and Southwestern
refunding 5s at 84 1-2.
Chilean issues improved in the
foreign dollar list.
BON'D AVERAGES
Compiled by The Associated Press
MARCH 21—
20 hi in in in
Rails Indus I'til Fgn Low Vld
Net change Unch Unch A.3 Unch Unch
Fri 94.8 103.9 105.3 75.7 116.2
Prev day 94.8 103.9 105.0 75.7 116.2
Week ago 94.7 103.7 104.5 75.6 116.3
Month ago 96.3 103.6 104.8 76.3 116.3
Year ago 106.4 105.0 108.1 77.1 119 8
1947 High 97.1 103.9 105.3 76.6 116.5
1947 Low 94.7 103.3 104.0 74.6 115.3
1946 High 106.9 105.2 109.5 79.0 120.2
1946 Low 92.0 102.7 103.3 74.4 114.3
LOCAL QUOTATIONS
(Furnished by Alien C. Ewing & Co.)
Bid Asked
Am Optical 2.30c _ 43 44 1 2
ACL of Conn. 4.00a _ 57 59 1-2
Boston Fund 2.32b _ 20.30 21 95
Carolina Insurance 1.40a „ 32 34
DeVilbiss 1.00a _ _ 19
Group Sec RR Equip .22b 4.60 4 65
McBee 40a ex. div .10_ 7 7-8 8 3-8
Mass Investors Tr 1.80b „ 25.50 27.57
National Transit .75a _14 1-8 14 1-4
People Sav B & Tr 3.00c 80 -
Red Rock Bot (Inc.. Ga.) „ 12 13
Sec Nat'l Bank .80c _26 -
Standard Stoker 3.00c _ 25 1-2 27 1-2
Tide Water Power Com_ 8 7-8 9 1-4
Wilm Sav & Tr 2.00c _49 -
a. Indicated annual dividend rate.
b. Income and profits dividends paid
in past 12 months.
c. Paid in 1946.
(The above quotations are nominal and
are believed to be indications of the price
at which the securities may be purchased
or sold.)
CHICAGO BUTTER
CHICAGO, March 21. — f/P) —
(USDA) — Butter unsettled: AA 93
score 66-66.25; A 92 65.5-65.75; B
90 65-65.5. Eggs steady and un
changed.
COTTON
NEW YORK COTTON
NEW YORK, March 21 — (#) —
Cotton futures today registered
gains of $1.00 to $2.45 a bale over
the previous close on a broad
covering movement which met
limited offerings.
A better tone in grain and se
curities markets influenced buying
from New Orleans and Chicago
interests. Mills were purchasers
of nearby contracts.
Private sources reported delay
ed planting in sections of Alabama,
Georgia and Tennessee because oi
bad weather.
Considerable liquidation develop
ed in May, 1947 contract, accom
panied by switching into the July
position, narrowing differences be
tween the two options.
Heavy trade buying and short
covering in the final hour ad
vanced prices into high ground
for ‘he day.
Futures closed steady $1.00 to
$2.45 a bale higher than the prev
ious close.
Open High Low Last
May 34.50 34.75 34.48 34.75 up 21
Jly 32.56 33.04 32.56 33.04 up 42
Oct 29.43 29.98 29.43 29.98 up 49
Dec 28.58 29.10 28.58 28.97 up 35
Mch 28.16 28.70 28.16 28.58n up 41
May 27.79 28.15 27.70 28.15 up 46
Middling spot 35.89r. up 10.
N-Nominal: B-Bid: A-Asked.
NEW ORLEANS COTTON
NEW ORLEANS, March 21—VP)
—Cotton futures closing prices
were firm, 65 cents to $2.60 a bale
higher.
Open High Low Close
May 34.39 34.59 34.39 34.58 up 13
Jly 32.53 33.05 32.53 33.05 up 42
Oct 29.45 30.00 29.43 30.00 up 52
Dec 28.46 29.09 28.56 28.09b up 52
NEW ORLEANS MIDDLING
NEW ORLEANS, March 21—1*
—The average price of middling
15-16th-inch cotton today at ten
designated Southern spot mar
kets was 85 cents a bale higher
at 35.19 cents a pound: average
for the past 30 market days 34.36:
middling 7-8ths-inch average of
33.81.
NEW ORLEANS SPOTS
NEW ORLEANS, March 21 - VP)
—Spot cotton closed steady. 75
cents a bale higher. Sales 787.
Low Middling 30.90: middling
35.00: good middling 35.40. Re
ceipts 1.912; stock 221,446.
CHARLOTTE SPOTS
CHARLOTTE, March 21-vPj
Spot cotton closed 34.60.
FOREIGN EXCHANGE
NEW YORK. March 21 — VP' -
Closing foreign exchange ra'rs
follow (Great Britain in dollars,
others in cents):
Canadian dollar in New York
open market 6 5-16 percent dis
count or 93.68 3-4 U. S. cents, off
9-16 of a cent;
Europe: Great Britain $4.02
13-16, unchanged: France (Franc*
.84 1-4, unchanged; Sweden (Kro
na) 27.85, unchanged; Switzerland
(Franc) (com’l) 23.40, unchanged:
Latin America: Argentina Free
24.44. unchanged; Brazil Free 5.50
unchanged; Mexico 20.62. Unchang
ed.
J-2 2.
I_ COPR. 1947 BY NEA SERVICE. INC. T. M. REG. U. S. PAT. OFF. |
“She’s been sore at me since her birthday party—the
night before she ate up the money I got from mother to
buy her a present!”
SMILIN’ JACK - * TWISTED SPEED BALL
—. •_ I
SUDDENLY ■ntE Pt«fe p
EXPLODES AND >, |V
BURSTS XLS J| m i
into 'Onvy *r
FLAMES/v^'l ■
—ANPSETS^^^S
JACICS HAN6AR ^P
AMP PLANES ON HRE/
jane ARDEN------ --- -- - DRESS REHE^Tr
BUT WE KtsJCVX/ p.' n n-— --i;KSAL
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4^ JcXm| HC^INTp “
BOOTS AND HEB BUDDIES--_:_ ' SOMEThTyt'T^
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6UXX6 1 TtftT %HOW6 V^7 UE.6LE.CTtO \_\ICfc Pli6'S _J L ^ pOtt 0>ON\Kj& Trt,<-0P
EU61UEERIU6 Pi&\UTV, VifcWE 1 HEV\. HEH1 _ .__Ji f % ‘RftftWC- THE BRWlLt
THOT OOt6 1 |-. ,- - v-H\L-D ;“ --- -
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WASH TUBBS ^_ ~w55Ncl^TiS
IMPRACTICAL... IRRESPONSIBLE.^ VOU'VE HKEDAWWREOENOUGH^
twSTAKE ^EAGOOD JUDGE OF CHARACTER!
GASOLINE ALLEY
^" I
f l’M BACK AGAIN, MR. ENRAV.
I UNCLE WALT HAS OFTEN TOLD ME t
NOT TO GO ON ANYBODY'S NOTE JI
UNLESS I’M PREPARED TO PAY IT h
V^^^ORST PARTY PEFAULTS^^
>U. BOBBS
“. (A'ANTELOPeI -and when I thought U *"T CRYIN'S cm, SON....WE'RE U
any.... YOU WERE GOING TO TAKE S ALL GOING TO BE TOGETHER
m-MOTHER AWAY MY BCMPA. — I U S AND HAPPY FROM NOWOlC
StoLDlNGUP CAME AND DECIDED TO RUN AWAY, ANDj L— -
PRODUCT ON' TOOK HIM MR-STURR PICKED ME C?g
PRODUCTION, v AvVAy/ UP...AND DRESSED rJ4«\, _
fA ME IN THOSE ITCHY J ^
FURS, AND..AND I'M J -'r; ' *** H ,,H * __
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BUST OUT TOT-ST---; ;^====^r'''
CRYING / J \>-'■
, 3-22
1 BEGINWN6 NEXT WEEK:
1 THE CASE OP THE
| SCIENTIFIC BLONDE.
THE GUMPS_ __ _ THE LATE UNCLE WONDERFUL
I BETWEEN HIS MOANING
^ ' ’ W YpSS FOR CHLOE AND HIS /, / /#
BIT OFF MORE ^B IT MAY NOT BE ®s* SCREAMING TO ENLIST 1 ' '
THAN I CAN CHEW FOR LONG,TILDA- IN THE SPANISH-AMERICAN
WHEN I ASSUMED THE ) PR.CRONK SAYS WAR, I'M LOSING MY
ROLE OF NURSE TO / HE MAY COME OUT MIND/— /
THATWILDMAN J, OF IT ANY DAY, //
UPSTAIRS/ NOW
OttPHAN ANNIE- HELP WAN
fjLJLl [ , -'-mlTTHERE ARE A LOT OFARTl ! /^ANDISHOULDGET~ONE^pWaLIT^ WORTH |
THE SYNDICATE DOESN'T ^ BUT THEY WILL j j WHAT \ SCHOOLS FULL OF KIDS WHO I OF THOSE KIDS TO HELP TRYING .TIK- IT
EVEN KNOW YET THAT MY S FIND OUT IF I DO YOU \ WANT TO BE CARTOONISTS— I OUT? WHY ITt> TAKE ONE J THE ONLY WSY TO
HAND IS BPOKEN-THEY JUST YOU DONT DO I SUGGEST?) SOME OF THEM ARE J OF THOSE PUNKS A YEAR , BEAT THIS THING
THINK iMI^^^^iTE^J^OMETHI^^I k- ^/^AWFULLY GOOPTOO-i [TO LEARN TO COPY MY STUFF' THAT I CAW
IHASOtO
Lu^*
OUT OUR WAY By J. R. WILLIAMS
Pr H THAT VULGAR If THE REPAIR V OWE HOUR OF \
J.' HAVEM’T VOU ft GAMG LIKE \ THEM IM HERE J
A POCKET COMB? \ TO RUB IT 1 AM' WE'LL BE N
OUT VOUR WASTE \ IM ABOUT A EACK TO WHERE
TIDV UP-WE CAM'T / MODERM / WE WERE
VJ£-££P,ETV J/ WORK IMG \ f THEY LE AM/
LIKE THIS.' --COMDITIOMS.' ) \ OM EVERV- |
-T- V. >G!ri v-' THIMG.1 J
CT.R.vvt«Li^^3» I I
OUR BOARDING HOUSE With MAJOR HOOPLE
EGAD,TWIGGS.' IF LEAMDER IS WEReJF SOMETHING ABOUT VoU~£
AS YOU SAY, VJE WAYE MUCH |M AAr ALWAYS DID SUGGEST TH&
COMMOM? AS A SAUCER-EYED <ft§k BIG TOR MA3DR ^
YOUTH X TOO SUCCUMBED TO TW& }'W BUT X MEYER COULD PLT
LURE OF THE CIRCUS AMD RAM AW MY FlMGEROM WHAT U |
AWAY-*~UM.'BRIEFLY/-*—UO\M V#! WAS TILL MOW
X GLOWED WUEM SHIRLEY,THE A Tf SEE THAT
BAREBACR QUEEM,LET ME Jrf .jXM HIPPO2
POLISH HER SUPPERs/y—
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LEAMPeg.fi