Newspapers / Wilmington Morning Star (Wilmington, … / April 4, 1947, edition 1 / Page 16
Part of Wilmington Morning Star (Wilmington, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
COTTON TRADERS GET NEW ORDERS ((•Ttrninent Sets Limit On ; Speculative Holdings ; Of Futures Contracts WASHINGTON, April 3.-WP)— Beeking to prevent “unreasonable «r unarranted” price fluctuations, the government today ordered a •laih in maximum speculation holdings of cotton futures by 'in dividuals. Beginning May 10, speculative traders may hold not more than 80,000 bales, long or short, in any one or all futures months combin •d on any one of the nation’s If It’s Useful You’ll Find It Here! VISIT OUR SHOWROOMS Tou’re Welcome To Browse Around . . . ANCHOR HARDWARE COMPANY Corner Front snd Dock Sts. three cotton exchanges—New York, New Orleans and Chicago. Traders may now hold as much as 30,000 bales in any one future, or a total of 210,000 bales on any one market for the seven futures months in which trading is being conducted at present. The new limitation was issued by the Commodity Exchange com mission on recommendation of Secretary of Agriculture Anderson. It grew out of the sharp cotton market break of last October. Prices dipped then n**rly nine cents a pound from a post-war peak of 38.5 cents and wiped out thousands of trades. Anderson reported recently that this break developed as a "panic among thingly-margined specula tive buyers” who were forced to liquidate their accounts because of lack of finances. The commission, composed of Secretary of Commerce Harriman, Secretary ■ Anderson and Attorney General Clark, acted under the Commodity Exchange act which grants the government po.rer to police the commodity market. Dial 2-3311 For Newspaper Service VENETIAN BLINDS AT.V SIZE BLINDS MADE AND REFINISHED STRICKLAND VENETIAN . BLIND WORKS Phone 6404. Castle Hayne Road (Be Wise— Finance Thru The "LPeoples 41 Tears 01 Service EASE In Securing Your Home Loan! Finance your home loan with an Easy-to-get. Economical, Convenient “Peoples” DIRECT REDUCTION HOME LOAN Come in and discuss your problems with us and we can work out a plan that will help you finance your home for no more than rent money. You’ll be surprised how easy it will be to finance a home of your own. c~fhe insured Peoples Building & Loan -ASSOCIATION Wm. M. Hill, Sec.-Treas. 112 Princess St. Assets Over 3 Million Dollars W. M. TODD v613 CASTLE ST. Condensed Milk Sugar, 10-lbs.. 98c Fancy Long Grain Rice, lb. 16* 2c Grape Jelly, jar.30c KERN’S Pure Peach Preserves, jar.36c Assorted Jellies, Jar.22c Sweet Mixed Pickles, jar.18c KELLY’S Field Peas With Snaps, can.19c Green String Beans, can.12c Argo Sweet Peas, can. 17c OLD RELIABLE Early June Peas, can. 17c PREMIER Italian Style Spaghetti.16c PHILLIP’S Cooked Spaghetti, can..14c Tomato Sauce, can. 9c Tomato Paste, can.18c CUTS OF NATIVE FRYERS Breasts, Lb. -80c Wings, Lb. _49c Lb. - 70c Backs, Lb. _86c Calf Liver Ready-to-Eat Ham, Half or Whole Canadian Bacon Fresh Creamery Butter, lb.73c Pure Lard, lb..35c Fatback Meat, lb.30c Tenderized Sugar Cured Hants Hock End, Lb. -46c Round End. Lb. _49c 4 TO 5 LB. PIECES Smoked Picnics, lb.44c Pork Kidneys, lb.25c Bee( Kidneys, lb..25c Pork Neckbones, lb. 20c “A” Grade Club Steak, lb. ...49c “A” Grade RoundSteak, lb.55c “A” Grade Boneless Roast, lb. ..... 41c “A” Grade Chuck Roast, lb..34c Rib and Brisket Stew, lb.20c Fresh Ground Hamburger, lb.35c Shoulder of Lamb, lb.24c Lamb Chops, lb. .. . 3jc Veal Chops lb.35c Veal Stew, lb. ..:. 23c N. C. Hams, Shoulders and Sides. HOUSE PASSES 39 BILLS THURSDAY Senate Finance Committee Votes Favorable Beer, Wine Bills Amended . RALIEGH, April 3 —(£>)— Mem bers of the legislature’s Senate Fi nance committee today voted a favorable report on an amended beer and wine bill which would authorize counties the right to vote on beer and wine upon peti tion of 15 percent of the registered voters. The bill originally called for doubling the tax on wine and beer, but the committee by a 13-8 vote adopted an amendment by Sen. O. B. Moss of Nash who would reduce the proposed tax levy by one-third. The additional tax receipts would- be distributed to the counties whic permit the sale of beer and wine. A favorable report also was voted by the committee on the controversial Bethania township bill of Rep. Rex Gass of Forsyth. The bill would ban the sale of wine and beer within one mile of four churches and one public school in that township. Meanwhile, the House busied it self with two sessions, and for the first time in two weeks cleared its public calendar by disposing of 39 bills. A third session- will be held tonight as the members will indulge themselves in the custo - mary near-adjournment “love feast” at which difference* are forgotten and members jampoon each other. The Senate love feast tentative ly planned for next Tuesday, is scheduled to he held tomorrow night. Explain Stands Three opponents of the House’s two-thirds, or gag, rule explained their stands after publication of letters written in 1940 and tending to show that then governor-nomi nee J. M. Broughton had made a “deal” with representatives of the so-called wet counties to oppose a liquor referendum. The speakers were Reps. Mull of Cleveland, who wrote the let ters; Rep. John W. Umstead of C/range, who received them; and Rep. Rex Gass of Forsyth, who earlier in the session threatened to “tell all” unless this bill to dry up Bethania township in For syth county were not passed. Mull told the House today that “those who have tried to besmirch the record of Governor Broughton will be hanged on their own gal lows.” He said he had no apolo gies to offer for his support of the Broughton administration. Umstead said that for seven years he had retained evidence that certain agreements had been made with regard to the gag rule, and he produced that evidence only when his veracity had been challenged. And Gass regretted that his words had brought sorrow to some members of the House, but that he was still against the gag rule. Broughton retorted yesterday to the reading of the letters that they seemed to be the start of a “smear” campaign but that he in no wise blamed Mull. Two Confirmed In another busy day, the As sembly confirmed the renomina - tions of J. A. Pritchett of Windsor and Mrs. R. S. Ferguson of Tay lorsville to the State Board of Education, and the nominations of 28 persons to fill vacancies on the Board of trustees of the Greater University of North Carolina. Reps. Kerr Craige Ramsay of Rowan, chairman of the House Fi nance committee; and Rep. A. B. Stoney of Burke, chairman of the House Education committee, an - nounced today that they would be candidates for speaker in 1949, when that office returns to the West under the rotation system. Rep. George A. Shuford of Bun combe already has announced. The Senate passed five local beer and wine bills, and another to call a referendum in Moore county on continuing operation of ABC stores in Southern Pines and Pinehurst. The local beer and wine bills would place Cleveland and Rock ingham counties under the 1945 act allowing local regulation of wine, and prohibit the sale of wine and beer near certain churches in Cabarrus, Granville and Bertie counties. Senator W. W. Neal of McDowell sent up bills providing for the ap pointment of a gubernatorial com mission to study alcoholic bever age control in North Carolina and to broaden the wine regulatory powers of the State ABC board. A bill to increase the salaries of State Supreme Court justices from $7,500 to $8,250 was sent up by Senator Rivers Johnson of Duplin; and Senator Julian Alls - brook of Halifax sent up one to increase the pay of Superior Court judges from $6,500 to $7,250. Driving Law Second readings were given on a conference report on an amend* ment to the safe and ^ane driving law; while the House passed and sent to the Senate a bill to allow cities of more than 20,000 popu lation to establish recorder’s courts without a vote of the peo ple. After long debate, the Senate passed a bill to allow veterans of either of the world wars to practice bartering without taking an examination if they practiced at least three years before leaving the trade, if they have resided in this state for six months, and if they pass a health examination. The House passed and sent to the Senate measures to increase the salaries of state officials. One measure would boost the pay of all members of the Council of state from $6,600 to $7,500 a year, and another would up the Attorney 1872 1947 Wilmington Lodge No. 319, A. F. & A. M. A SPECIAL COMMUNICATION of this Lodge will be holden (THIS) FRIDAY APRIL 4TH. at 7:80 P. M. for the purpose of conferring the Degree of Fellowcraft. All qualified Master Masons are cordially invited. By Order of the Master. Loots V. Swann P. M. _Secretary general from $7,500 to $8,400. The two bills would be effective on Jan. 1, 1949 when new terms of office begin. A Senate measure to allow the Governor and Council of state to fix the salaries of mem bers of the State Utilities com - mission, the chairman of the State ABC board and the Governor’s secretary, also was passed. The lower chamber also passed a bill to declare the eastern boundary of the state to be one marine league from the low water mark of the Atlantic ocean. Be cause of oil, the federal govern ment has asserted its ownership of tidal areas and a suit to de termine the matter is before the U. S. Supreme court. Goes To Senate A measure designed to aid, vet erans meet the housing shortage was passed by the House and sent to the Senate. The bill would give a veteran an additional 90 days occupancy after completion ot an eviction action againft him and would aid veterans in obtaining occupancy of houses they buy. The House killed a bill which would have required municipal authorities to hold public hearings on all applications for franchises to operate taxicabs. A Senate measure to require all agencies engaged in influencing public opinion to register and list their sources of income was pass ed by the House and enacted into law. To Seize Phones TRENTON, N. J., April 3—(#)— Gov. Alfred E. Driscoll said today the state would seize the proper ties of the N. J. Bell Telephone company Monday morning in the event of a telephone strike. The seizure — under terms of a bill enacted last year outlawing strikes in public utilities — will take place at 6 a. m., tire hour set for a naition-wide walkout of telephone workers, unless negotia tions to avert the strike are suc cessful, Driscoll said. Babson Favors Small City As Best Investment Spot By ROGER W. BABSON NEW YORK CITY, April 3 — Many letters have come to me say ing:—Knowing you do not^ like *n vestments in big cities such as New York, Philadelphia, - Balti more and Pittsburgh, what would you suggest “as insurance” f « r those who do live in these or other b i g cities? My answer is very simple,—namely, to invest some of your money in small cities and well - diversified indus tries. Very big cities have reached their maximum of in fluence; their real estate will gradually decline in value; their workers will be less efficient; their cost of living will abnormal ly advance and thgii danger from communistic uprisings from with in and attacks from without will continually increase. Bullish Sentiment I believe it is safe to say that locally controlled businesses in rural self-supporting and self-con tained areas will more and more flourish. What sort of businesses in these rural areas offer the best opportunities? Here are some sug gestions: - (1) Locally controlled gra i n handlers to supply the staff of life; manufacturers of building materials, such as gypsum, lum ber, cement, lead, copper; (2) Bus, truck and airplane transportation companies which will be called on to handle a much increased business; (3) Local oil producers and distributors in contrast to the larger operators with refineries in big cities; also coal and wood yards; (4) Local hotels and restaurants which will be called on to accom modate the continual influx from large industrial centers destined to suffer from unemployment; (5) Local trading companies in a position to either sell for cash or barter the valuables most easily transported such as silver, gold ornaments, platinum or dia monds. for living necessities. (6) Automobile a'n d farm ma chinery repair shops which should run to capacity plus; (7) Any w e 11-located buildings of large capacity, which would be in demand for conversion for any of the above purposes. Real Estate There should be added to this list existing homes and especially small farms over fifty miles from large cities. That is, cottages off the main line, which are not de pendent upon the operation of a Public utility. Merchants should carry a full line of wood, coal and oil stoves, kerosene lamps and candles as well as a big sup ply of canned goods. Don’t always bank on others to supply garden produce, but each year plan enough of a garden to supply veg etables for sustenance and for canning in season. Remember that potatoes, beans and greens will furnish as'good a diet as millions live on today. It might be suggested that dollar bills, stored in a safe de posit vault would be a good hedge if another war or depression comes. That may not be true. Far better have some good jewels in your safe deposit box! What about local bank stocks? The business of small banks may be come very profitable. But large holdings of depreciate^ securities might make their stocks of little value. However, banks with their chief assets distributed through out the Central West and South should be safe. Isolationism We should continue to put forth 1 Make This Easter More Enjoyable For The Kiddies .... And Grown-Ups Too ... With Lots Of Healthful Creamy Rich Pasteurized WHITE’S HOMOGENIZED MILK /as • - " * aa am ■■ - -» ■»>... - Order It At Your Favorite Fountain or Grocery, or DIAL 6481 For Home Delivery ■eemni ■lea.m i ■ , n.,i ». ■■ ■ i White lee Cream & Milk Co. Swift’s Select Grade “A” Prime Boned and Rolled RIB ROAST, lb.5gc Armour’s Star Half or Whole HAMS, lb.03c MEATS Swift’s Premium Pure Pork Sausage, lb. _ 49c Grade “A” Ground Beef, lb._39c Skinless Franks, lb._43c Swift’s Grade “A” Oriole Bacon, lb._59c Fully Dressed and Drawn Fryers, lb._59c Fully Dressed and Drawn Hens, lb._.._57c Small Pork Chops, lb_57c Swift’s Grade "A” Chuck Raast Or Sieak, lb. 43c All Sweet Oleomargarine, lb_45c GROCERIES — Carnation and All Brands Evaporated Milk, 3 tall cans___ 41c JNo. & Can Musselmann’B fcpple Sauce, 2 cans_33c iMorton’s Free Running or idolized Salt, 2 boxes_15c Quart Size Clorox, bottle_17c Weston’s Vanilla Wafers, 12-oi pkg 31c Dromedary Orange Juice, 46-oz. can 21c pro. 2 Can Cromwell Tomatoes, 2 cans_37c Jewel Shortening, lb._ 43c Borden’s Insianl Coffee, 2-oz. size 42c PRODUCE U .S. No, 1 White Potatoes, 5 lbs. __ 21c Crispy California Lettuce, large head_9c Native Collard Greens, Z lbs_19c Florida Grapefruit, 2 lbs._11c California Green Top Carrots, 2 bunches_15c New Red Bliss Potatoes, 2 lbs___ISc New Crop Valencia Juicy Sweet Oranges, 5 lbs_29c Green or White Cabbage, 3 lbs_12c House Cured Sweet Potatoes, 5 lbs. __ 43c 5-lb. box_53c Heinz Strained BABY FOODS 3 F»r 29* Fresh Country EGGS Doz. 47c SUGAR 5 Lbs. 47c MASONBORO BAPTIST CHURCH WILL HOLD SUNRISE SERVICES Sunrise services will be held Easter Sunday morning at the Masonboro Baptist church, it was announced last night. With the Rev. J. H. Blackmore,_ pastor, in charge, the program will be held in the cnurch cemetery where a cross will be erected for the special occasion. A choir of 3G voices has been re hearsing for the Sunday program. Addison Hewlett, a membei of the church, said that an especial invitation is being extended to all families, whieh have relatives buried in the church cemetery, to attend the sunrise program. Scheduled to start at 5:45 a. m., our best efforts to make the United Nations a success and free the world both from another war and depression even while re shaping our investment and living program along t h e above lines. Because we take out a fire insurance policy it does not mean that we expect our home to burn. Surely business should waste n o time in decentralizing its oper ations; the military should be allowed its full budget estimates; and the Commerce Department should take precedence over the State Department. the service will be held ui the church in the event of rain. Although this will mark the first sunrise service there, nope was ex pressed that it will become an nual event. Dial 2-3311 For Newspaper ServW t/lb C&ywj&j cMXjrath's BEANS with PORK Everything you need for the Easter Feast is right here displayed for quick, easy selection ... priced low for real economy. So come in and fill your shopping basket . .. fill it to overflowing with the big values that abound in every department . . . fill it with top quality foods that give you the most mealtime pleasure for your money. For quality ... for variety ... for economy—fill your Holiday menu from top to bottom with our super-values ... we have them by the Easter basketful. A PURE CREAM AYOSET, Vi pint bolSle.26c DEL MONTE (Drip or Reg. Grind) COFFEE, vac, packed jar, lb... 47c QUAKER GRITS, package .14c RATH’S TINY BREAKFAST SAPSAGE, vac, tin.. 32c MUSSELMAN’S ASSORTED JELLIES, 12 02. jar .18c GUAVA JELLY, 12 oz. jar.33c THOMAS’ ENGLISH MUFFINS, pkg. 14c O’SAGE (From Indian River Oranges) ORANGE JUICE, lg. can 22c CALIFORNIA YELLOW CLING PEACHES, No. 2V2 can.29c DEL MONTE Bartlett Pears, Ho. llA can. . . . 43c DUKE’S KITCHEN FRESH MAYONNAISE, pints .49c FANCY LIGHT MEAT TBNA, can .49c PETER PAN SALMON, fancy pink, can . . 32c KRAFT’S.. FINE FLAVORED ‘ Kay Natural Cheese, lb..61c PHILLIP’S PORK & BEAMS, can .9c DEL MAIZE ' NIBLET CORN, can .15c DEL MONTE « DICED BEETS, jar 13c DEL MONTE *DICED CARROTS, jar.13c PILLS^URY’S BEST "" FLOOR, 5 lbs. 45c; 10 lbs... 86c NESTLE’S SEMI SWEET MORSELS, pkg. 19c MIRACULOUS SUDS - - FOR DISHES AND C/f [FINE WASNABLES 125-127 Market It. 1108 it.
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 4, 1947, edition 1
16
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75