Leading Stocks Generally
Seek Lower Levels On Mart
Steel Industry Price-Fixing
Charge Chills En
thusiasm
markets at a glance
NEW YORK, An*. 18.—(A1)
Stocks—Easy; leader* in alow
retreat.
Bond*—Quiet; price change*
narrow.
Cotton—Lower southern cel
ling.
CHICAGO
Wheat—Strong; CCC rai*ea
buying price.
Corn—Strong; continued dry
weather.
Oat*—Strong; new seasonal
highs.
Hogs—25 cents lower to some
heavyweight* 50 higher; top
$27.35.
Cattle—Steady to 25 cents
lower; top $34.25.
NEW YORK, Aug. 18.—(IP)—For
tn# fifth Monday in a row leading
stocks today generally sought
lower levels although exceptions
were plentiful and real market
pressure never was in evidence.
Charges of price-fixing against
the steel industry at the Federal
Trade Commission chilled enthusi
asm a bit but issues in this group
maintained their equilibrium to a
certain extent. Bethlehem was
off 1 point at 88 1-2, U. S. Steel
5-8 at 72 7-8 and Republic Steel
1-2 at 27 1-4.
Easier tendencies persisted
throughout but dealings slowed
after a active opening. Declines of
fractions to a point or more pre
dominated at the close. Transfers
of 710,000 shares compared with
880,000 on Friday’s recovery.
Wall street still was in a cau
tious mood because of uncertain
ties surrounding International Af
fairs and mild skepticism here
and there regarding the main
tenance of business strength at
home in view of mounting living
costs and growing consumer resis
tance. The darkening export pic
ture remained as a bearish argu
ment. A few professionals covered
short commitments or brought
timidly on the idea a fall rally
could be negotiated if the news
warrants.
The Associated Press 60-stock
composite was off .2 of a point at
65.9. The market narrowed to
890 issues of which 375 fell and
319 rose.
Phillips Petroleum was up 2 1-2
at 61, Manati Sugar 1 at 9 and
Deere 1 at 41 3-4. Lehn and Fink
common dropped 3 1-8 at 12 in the
wake of an omitted dividend and
a recession in earnings. Pacific
Western Oil conceded 3 3-4 at 36.
Union Pacific 1 3-4 at 142, Santa
Fe 1 1-4 at 84 1-2. Paramount
pictures 7-8 at 23 1-2 and Eastman
Kodak 7-8 at 44 1-8 (following an
anti-trust suit filed against this
company and technicolor).
Bonds were mixed. At Chicago
grains hit seasonal peaks. Corn
was up the daily limit of 8 cents
a bushel at one time and ended
ahead 5 to 6 cents. Wheat added
2 1-2 to 3 1-2 and oats 1 3-4 to
2 1-8. Cotton lost $3.45 to $3.95
a bale.
Improved in the curb were Elliott
Co., Sunbeam Corp., U. S. Graphite
(on a special dividend), Colonial
Mills, Electric Bond and Share,
Technicolor and Cosden Petroleum.
5tumblers were Coro Inc., Derby
Oil, Creole Petroleum and Northrop
Aircraft. Turnover here was 170 -
000 shares, the same as in the
preceding session.
STOCK AVERAGES
Compiled by The Associated Press'
Aug. 18—
30 15 15 60
Ind RaUs Ctil Stocks
Net change D.4 D.l unch D.2
Monday 92.3 35.0 42.8 65 9
Prev day 93.3 35.1 42.8 66.1
Week ago 91.9 33.7 42.3 64.9
Month ago 94.8 35.8 42.8 67 1
Year ago 101.7 45.8 52.6 76 1
1947 High 96.9 38.5 47.2 69.0
1947 Low 83.2 27.7 40.6 58.5
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. Aug. 18—UP)—
Mon Fri
Advance* ... 319 562
Declines .. 375 168
Total issues... 890 933
Negro Found Guilty
In Superior Court
Charles Moore, 28-year-old Ne
gro. wrft found guilty yesterday by
a jury in Superior Court of as
sault with a deadly weapon upon
■Tames Tilton last April. Witnesses
testified the argument w»s over
money between the defendant and
Tohn Smith and that Tilton acted
a<s a peacemaker and suffered a
slashed ear. It took the jury 20
minutes to reach a verdict.
The blow-flv requires less than
a day to develop within the egg.
STOCKS IN THE SPOTLIGHT
NEW YORK. Aug. 18 — m —
Sales, closing Drice and net change
of the fifteen most active stocks
today.
Param Piet 16.500 23%—%.
Com with and Sou 12.200—3% no.
Am Airlines 8.300 8%—%.
Am Woolen 8.300—48%—%.
Packard 7.600—5%—%.
Greyhound 7,600—5%—%.
Gen Motors 7,000—59%—%.
Rexal Drug 6.700—7% ud %.
Colum Gas and El 6.600—11%
ud %.
Curtis Pub 6.600—10 ud %.
Chrysler 6.200—59%—%.
Minn — Moline 5,900—11% ud %.
Soconv Vac 5.800—16% no.
Sears Roeb 5.800—39%—%.
Kennecott 5.700—45% ud %.
GRAIN
CHICAGO GRAIN
CHICAGO, Aug. 18. — UCl — All
wheat and oats contracts advanc
ed to new seasonal peaks in an
other strong grain mrket on the
board of trade today. Corn made
sharp gains, but only the July de
livery established a new seasonal
high.
Continued dry, hot weather in
the mid-west served to create buy
ing in both corn and oats. A boost
in the government purchase price
for cash grain supported wheat.
In ail pits the chief feature was
lack of selling pressure rather
than aggressive buying.
Wheat closed 2 1-2-3 1-2 higher,
September $2.41 1-4-1-2, corn was
5 a<nd 6 cen*s higher, September
$2.39-$2.38 1-2, and oats were 1
3-4 2 1-8 higher, September $1.06
1-2-3-8.
Cash interests and commission
houses bought wheat. The CCC at
Kansas City announced it would
pay $2.31 a bushel for cash grain,
representing an advance of 2 cents
following a 3 cent price hike Sat
urday. From noon Thursday to
noon Saturday an agency bought
1,746,850 bushels.
Visible supply of wheat contin
ued to increase at a substantial
rate. The board announced it to
taled 117,428,000 bushels against
70.979.000 bushels a year ago.
While the government has shown
a more aggressive attitude in its
wheat buying program it con
tinues to remain out of the flour
market.
Rains which had been expected
over the week-end failed to ma
terialize, a fact which left the
com pit practically bare of offer
ings at the opening. All deliveries
except December opened eight
cents higher, the daily limit. Prof
it-taking soon caused a moderate
retreat.
Outlook for the next few days
was not encouraging as far as the
corn crop was concerned. A few
widely scattered showers were
predicted in Iowa, but this type
of moisture is not considered suf
ficient to check crop deterioration.
A government crop report is due
after the market closes Thursday.
Most guesses are that it will show
a corn crop off around 2,500,000,
000 bushels, which would be lower
than the ten year (1936-45) aver
age of 2,369,102,000 bushels. It
would compare with a crop of 3,
287.927.000 bushels last year.
CHICAGO, Aug. 18—W—
Open High Low Close
WHEAT
Sen 2.41 2.42% 2.40 2.41%
Dec 2.39% 2.40% 2.38 2.39%
May 2.35% 2.36% 2.34 2.35%
Jly’ 2.15 2.16% 2.14% 2.15
CORN
Sep 2.41Vs 2.41% 2:37% 2.39
Dec 2.23% 2.23% 2.20 2.21%
May 2.18% 2.18% 2.15 2.16%
Jly 2.11% 2.11% 2.08 2.08%
OATS
Sep 1.06% 1.07% 1.06 1.06%
Dec 1.05% 1.06% 1.04 1.0d%
May 98% 99% 98 98%
SOYBEANS
Nov - - - 2.82
LARD
Seo 17.17 17.17 16.80 16.97
Oct 17.10 17.20 17.10 17.20
Nov 17.60 17.60 17.25 17.40
Dec 19.25 19.25 19.10 19.15
CASH GRAIN *
CHICAGO, Aug. 18.—</P)—Wheat:
No. 1 hard 2.42 1-4-2.43 3-4.
Corn: No. 1 yellow 2.47-2.50; No.
2, 2.47-2.49 1-2; No. 3, 2.46 1-2; No.
4, 2.42 2-4; sample grade 1.40.
Oats: No. 1 heavy mixed 1-10
1.10 1-4; No. 1 mixed 1.08 1-2
1.09 3-4; No. 2 mixed 1.08 1-3: No.
1 heavy white 1.10 3-4-1.11 3-4;
No. 1 extra heavy white 1.13: No.
2 heavy white 1.11 3-4; No. 2
white 1.08 1-3-1.09 1-4; No. 3 white
1.06 1-4-1.08 1-4; No. 1 sample
grade red 1.09 1-2.
Rye: No. 1 grades 2.40; No. 2
choice plume 2.45-2.47.
Soybeans: No. 2 yellow 3.23-3.30.
Barley: Malting 2.37-2.39; feed
1.53-1.75.
Field seed per hundredweight:
Timothy 4.75-5.50; red top 12.50
13.00.
Heat waves bring on an In
crease in the death rate of a com
munity from sunstroke, heat pros
tration, and other causes.
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and cash is received with order—Cash
S.d Carry we discount regular price
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FREE
HEARING AID CLINIC
August 19, 20, 21, 22, 23
9 A. M. to 5 P. M.
ACOUSTICON
WILMINGTON CO.
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SUITE 42
Phone 2-8420
BUY LOCALLY ~ TRADE WITH HOME FOLKS
WHY WE SAY fc, STAN J COUINS IU SLAWSON
i* BENCH*
ft ft
IS
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t 2
S 5
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Sg
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S/9
Our modern judges preside over a
courtroom from the comfort of a
leathei|chair-yet it is referred to as a
bench due to the fact the early judges
of England actually sat on a bench
while in court. _____
RAILS HOLD OWN
ON BOND MARKET
Attention Centered 0 n
Treasury Department's
Debt Refund Notice
NEW YORK, Aug. 18.—(A5)—The
bond market centered its atten
tion today upon the Treasury de
partment’s announcement of the
refunding in the next few weeks
of more than $6,500,000,000 of the
national debt.
Corporate issues moved narrow
ly on the exchange with gains and
losses about evenly divided, while
long-term government bonds eligi
ble for commercial bank purchase
rose 1-32 to 5-32 in over-the-count
er trading.
Turnover in the market was lim
ited to $2,290,000 against $3,230,000
last Friday.
The better tone for long - term
government obligations was seen
by a spokesman for a big bond
house as reflecting some disap
pointment over the treasury’s new
rates on short-term notes.
Secretary Snyder’s announce
ment of one n.w offering, which
will save the treasury $17,000,000
in interest payments, eet a rate of
one per cent on 12 1-2 months
notes to be exchanged for 1 1-4
and 11-2 per cent issues amount
ing to $4,394,000,000 and falling due
Sept. 15.
Some banks had expected a rate
slightly better than one per cent,
the spokesman eaid, although the
new rate will represent an in
crease over the 7-8 of one per cent
which has been paid on one-year
money for some time.
Another change involving short
term interest rates occurred in
the shift from 12-month to 10
month maturity placed on certifi
cates bearing 7-8 of one per cent.
The new certificates will be ex
changed for an issue of $2,341,000,
000 which expires Sept. 1 and
which carry the same interest rate.
Institutional investors also noted
the coming offerings of an undis
closed amount of 2 Vi per cent
bonds that will be sold only to sav
ings banks, insurance companies
and the like and will not be traded
in public markets. Limiting the
sale will prevent the bonds from
being added to the reserve of com
mercial banks, with inflationary
effect.
Rails held their own better than
did other departments of the cor
porate list, hut there were many
backward spots. Lower were Rock
Island 4s of ’52 series “A”, off %
of a point; B and O. Stamped
Convertibles of ’60, off Vi; Mis
souri Pacific Convertible 5Vis and
General 4s, both off % of a point,
and Western Union 5s of ’51, down
Vi.
New Haven issues were general
ly higher, with the 4s of '47 up
half a point and several other liens
of that road up Vi. Pennslyvania
General 4V4s gained % of a point
and Hduson and Manhattan in
come 5s and international Gr%at
Northern 5s series “B” mintr
fractions. A. T. and T. issues
were mixed, with the 3s of ’56 off
Vi at 114Vi.
Australian bonds were slightly
lower in the foreign list. World
Bank 3s of ’72 gained 1-32 of a
point and the shorter term 2V4s
were unchanged at 100 30-32.
BONO AVERAGES
Compiled by The Associated Press
AUG. 18—
eo 10 io 10 10
Balls Indus Util Fjn Low Yd.
Net change Unch D.l D.l D.2 D.l
Monday *4.5 103.4 103.3 70.6 114.9
Prev day 94 5 103.5 105.4 70.8 116 0
Week ago 94.4 103.5 105.3 70.6 115.0
Month ago 94.5 103.5 105.4 72.1 114.7
Year ago 101.2 103.7 107.3 78.4 118.1
1947 High 97.1 104.2 105.7 76.6 116.5
1947 Dow 89.8 103.2 104.0 70.6 114.7
1946 High 106.9 105.2 109.5 79.0 120.2
1946 Low 92.0 102.7 103.3 74.4 114.3
BOND QUOTATIONS
NEW YORK, Aug. 18—(/P)—Final
bond quotations:
AT and SF 4s 95 -.. 123%
ACL 4%s 64 ___ 101
Can Pac 4s Perp __ 100
C and El Inc 97 _ 38%
CRI and P R 4s 34 . 52%
Hud C 5s 62A .-. 83%
H and M 5s 57 .. 56
Ills-Cent 4%s 66.. 81
Int G N 6s 52 ..- 20%
NYC R 5s 2013 . 83%
Penn R R G4%s 65 - 106%
Sou Rv CN 5s 94.. 122
FOREIGN BONDS
Aust 5s 55 .- 102%
Aust 3%s 56 - 94%
Rio Gr Du Sul 6s 68 . 31
CHICAGO PRODUCE
CHICAGO, Aug. 18—(dP)— USDA)
—Potatoes. Arrivals 264; on track
291; total U. S. shipments Fri
day 717, Saturday 594, and Sunday
16, supplies moderate; demand
good; market firm; Colorado cob
blers $3.15, russet burbanks $3.40;
Idaho-Oregon long whites $3.55;
Nebraska red warbas $3.00-3.25;
Washington russet burbanks $3.55
3.60, long whites $3.40.
Break up old clumps of creep
ing phlox in the rock garden and
thin out plants which have grown
too rampantly. This work needs
to be done frequency, Jor phlox
spreads rapidly.
LIVESTOCK
CHICAGO LIVESTOCK
CHICAGO, Aug. 18.—(£>)—A two
way market entered livestock
trading at union stockyards today
with hogs running fPom 25 cents
lower on lightweights to as much
as 50 cents higher on heavies and
sows and sheep from 50 cents
lower on spring lambs to 25 and
50 cents higher on yearlings. Cattle
were steady to 25 cents down with
instances on medium and good
steers 50 cents off.
Most good and choice barrows
and gilts took $22.00 to $27.00 and
topping at $27.35 sparingly and
on sows $17.50 to $24.50. Shippers
bought 1,000 of the 6,500 hogs on
sale and packers brought in 2,500
direct.
The cattle market top went to
$34.25 for two loads nad most
choice yearlings and steers had
$29.50 to ' $84.00. Strictly choice
long yearlings brought $33.00, and
choice heifers topped at $30,00.
Good and choice heifers merited
$23.00 to $29.00. Weighty sausage
bulls topped at $19,000 and vealers
at $24.00, both steady.
Native spring lambs topped at
$24.35, yearlings at $19.75. Slaugh
ter ewes were steady to 50 cents
lower, but choice lightweights still
were quotable at $10.00,
Total receipts were 14.000 cattle^
1,500 calves, and 3,000 sheep.
RICHMOND LIVESTOCK
RICHMOND, .Va., Aug. 18.—(/P)
— (USDA)—Live stock:
Hogs—Monday’s market 25 cents
lower on all weights. Top $25.75
for good and choice 180-240 lbs.
barrows and gilts; 90-100 lbs.
$17.75; 100-120 lbs. $18.75; 120-140
lbs. $22.75; 140-160 lbs. $23.75; 160
180 lbs. $24.75; 240-300 lbs. $23.75;
300 lbs and up. $22.75; good sows
under 350 lbs. $19.25; 230-500 lbs.
$16.75; over 500 lbs. $15.75; good
stags under 350 lbs. $16.75; over
350 lbs. $14.75.
Cattle—Market opened around
steady on few sales of slaughter
steers; good grade around $24.00
25.00, medium $22.00-25.00; bulk
sold early. Strictly good heifers
quotable around $20,000-22.00;
medium $17.00-18.00. Not much
done on cows, canners and cutters
quotable $9.00-12.00; common and
medium $12.00-14.00; good beef
cows $15.00-17.00; weighty sausage
bulls largely $14.00-16.00; good beef
bulls $16.50-18.50. Vealers opened
steady, top $22.00; medium and
good $18.00-21.50; common kinds
full at $17.00 down.
Receipts of spring lambs light,
market fully steady; strictly good
around $21.00-22.000, with choice
quotable slightly higher.
N. C. LIVESTOCK
RALEIGH, Aug. 18.—(iP)—(NC
DA)—Hog markets steady with
tops of 26.00 at Rocky Mount,
Greenville, Fayeteville, Smith
field-Mount Olive; 26.25 at Clinton
Warsaw'-Lumberton; and 25.75 st
Richmond.
N. C. POULTRY
RALEIGH, Aug. 18.—GP)—(NC
DA)—Raleigh egg and poultry
markets steady; U. S. grade AA
large 58; broilers and fryers 33
to 34.
CHICAGO BUTTER
‘ CHICAGO, Aug. 18—UP)—('USDA't
— Butter nervous; AA 93 score
76; A 92-73.5-74; B 90 90-70-70.25;
C 89—67-67.25. Eggs irregular;
large No. 2 extras 51-54; medium
No. 2 extras 45.3-47; standards 43.5
44; current receipts 38-39; dirties
34-35; checks 33-34.
localIcecream
COMPANY ACQUIRES
PUNT AT WALLACE
The E. L. White Ice Cream and
Milk company yesterday acquired
the pasteurization and processing
plant at Wallace owned by Dr.
George Johnson, Wilmington physi
cian.
The purchase was made for a
price exceeding $50,000, White and
Johnson reported. The plant was
completed about two weeks ago.
The White firm expects to have
the new establishment in operation
soon after September 1.
The equipment was purchased
outright. The White company pro
cured the property on a 10-year
lease. The new plant will be able
to turn out about 3,000 gallons of
milk daily.
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By Man and Wife
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you may easily enjoy the delightful benefits
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Stock Market Quotations
By THE ASSOCIATED PRESS s
Pre- Yes
vious- terday
Close Close
Alleghany -.— 3% 3%
A1 Cnem and Dye ... 19o ——
Allis dial Mfg .— 31 61
Am Can . 6d 6/%
Am Car Fay .—- M'» oU"'4
Am Roil Mill- 32'/» 32%
Am Smelt and Ref - 61% 61%
AT and T .- 156% 156
Am Tob B . V5% 75%
Anaconaa - 37% 37
Arm 111. - 14% 14
ACL .-. 54 -
ATL Ref .- 3a Vi 37%
Aviat Corp -.— 5% 5%
Baldwin ...- 18 17%
B and O . - 13% 13%
Barnsdail ....- 28% 28%
Bendix Aviat - 31% 32%
Beth Sti .. 89% 68%
Boeing Airpl .— 17% 17
Borden -- 44% 43%
Budd Mfg Co .. 11% li%
Burl Mins ..- 19% l{j:>/4
Bur Aad Mach. 13% lSVi
Cannon Mills ._ 75 ■
Case J I . 40% 40
Caterpil Tract__ 58% _
Ches and O ...__ 47% 47%
Chrysler .. 60 59%
Coca Cola .. 162 182
Corn! Credit __ 43% 43%
Coml Solv .. 26 25%
Com with and Sou .... 3% 3%
Consol Edis . 25% 25%
Cons Vullee - 14% 13%
Cont Can . 38% 38%
Corn Prod .... 65% 65
Curt Wright . 4% 4%
Curt Wright A .. 16% 16%
Doug Aire .. 58% 57%
Dow Chem . 39 38%
DU Pont . 190% 190%
Eastman Kod _ 45 44%
Firestone - 51% 51%
Gen Elec .. 37 36%
Gen Foods .. 39yg 39
Gen Mot .__ 59% 59%
Goodrich .- 51 51%
Goodyear .. 45% 45%
Gt Nor Ry Pf .. 42% 42
Int Harv -- 87 87*A
Int T and T . 11% 11%
Johns Manv ..■.. 42% 42%
Kennecott _ 45% 45%
Loews - '20% 20%
Lockheed . 13% i3%
Lorillard .- 18% 18%
Mont Ward .. 61 61
Nash-Kelv .. 17% 17%
Nat Bis .. 31% 30%
N Cash Reg - 39 39%
Nat Dist ... 20% 20Vi
N Y Cent ... 15y4 15%
No Am Aviat . 8 7%
Nor Pac .—.— 20% 20%
Packard _ 5% 5ys
Param Pic - 24% 23%
Penney J C .-. 4^% 45%
Penn R R - 19% 18%
Pepsi Cola .. 32% 32%
Phill Pet .- 58% 61
Pitt S and B . 9 8%
Pullman . 57 56%
Pure Oil -- 26% 26%
Radio .. 8% 8%
Rad K O -- 12% 11%
Rem Rand -- 15% 16%
Repub Stl . 27% 27 Vi
Reynolds B _ 40 40
Sears ... 39% 39Vi
Socony __ 16% 16%
Sou Pac _... 44% 45
Sou Ry ... 39% 39%
Std Brands ....- 3iy4 31
Std Oil N J .. 78 77%
Stewart War.. 15% 15%
Swift . 34 33%
Tex Co ... 63 63
Un Carbide . 107% 142
Unit Airlines .. 20% 20%
Unit Aircraft . 20% 19%
Unit Corn -.- 3 k 3%
Unit Fruit - 54k 53 k
Unit Gas Imp -. 21k 21%
U S Ind Chem __ 4ok 4d
US Rubber .. 46% 46 k
US Smelt and Ref - 46k 47
US Steel -. 73k 72%
Vanadium ...- 16 k -
Vick Chem ... 31k 31
Va Caro Chem .. 7k 7%
Warner Pic .- 15k 14%
West Un A .. 23 23
West El _ 28% 28%
Wool worth . 48 k 48
CURB
Can Marconi - 1%. 1%
Cities Service 37k 37k
Colon Dvmt -. 314 3k
El Bond and Share . 12k 12%
LOCALQUOTATIONS
Furnished by Allen C. Ewinjr A Co.
BID ASKED
Aviation Shares .50c
Ex Div .01c 4.79 5.20
ACL of Conn 4.00a 55 57 3-4
Boston Fund 2.16b
Ex Div .16c 20.05 21.68
Carolina Insurance 1.40a 27 1-2 29 1-2
Chase National Bank 1.60a 35 37
MCBee' .40a 7 1-4 7 3-4
Mass Investors Tr 1.89b 25.72 27.81
National Jransit .75a 15 1-2 15 5-8
Peo Sav ^pand & Tr 3-00c 80 —
Red Rock Bot (Inc., Ga.) 9 1-2 10 1-2
Security Nat Bank .80c 28 —
Standard Stoker 3.00c
Ex Div .50c 21 23
T W P Common .60a 8 1-4 9
Wil 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.
Inn Keepers Eligible
For Rent Decontrol
Hotels, motor courts, and tourist
homes which serve transient guest
exclusively are eligible for decon
trol as of July 1, provided the re
quired report is filed with the rent
control office by August 31, it was
announced yesterday by Maurice
Moore, rent control officer.
Moore said that if the reports
were not filed before August 31,
the operators were subject to de
control until such daite as required
report is filed.
Report blanks are available at
the rent control office in the cus
tom house, he said.
Dial 2-3311 For Newspaper Service
DRIVE IN-THEATRE
Midway between Wilmington
and Carolina Beach
g||^.lon^.ues^jj||
Margaret O’Brien
Butch Jenkins
—in—
“Our Vines Hare
Tender Grapes”
Plus Latest News &
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Starting 8 & 10
COTTON
NEW YORK COTTON
NEW YORK, Aug. 18.—(^—Cot
ton futures slumped $3.45 to $3.95
a bale today- as the market ex
periencd its first real pressure of
hedging against the new crop
movement which is now beginning
to expand rapidly. Considerable
selling also developed in late deal
ings on private advices indicating
there were fairly widespread
beneficial showers in Texas and
a good rain in the lubbock area.
Crop observers there appeared
• lass pessimistic over the drought
condition in Texas.
One private wire said the Lub
bock territory should produce 600,
000 bales of cotton compared witn
200,000 bales last year, even with
out additional rain.
The crop in the plains section
of Texas was reported in good con
dition and it was said that a good
general rain there by September
5th would probably mean bumper
yields.
Hedge selling emanated from
Memphis; Dallas, and South Texas
points.
Futures closed $3.45 to $3.95 a
bale lower than the previous close.
Open High Low Last
Oct 32.80 32.93 32.41 32.43 off 71
Dec 32.38 32.50 31.96 32.0U otf 74
Mch 32.28 32.37 31.77 31.78 off 75
May 31.90 32.00 31.41 31.41 off 76
Jly 31,18 31.20 30.58 3ft.58n off 79
Oct 28.30 28.30 27.90 27.68n off 79
Middling spot 34.71n off 69.
N-Nominal.
NEW ORLEANS COTTON
NEW ORLEANS, Aug. 18—(JP)—
Cotton futures broke $4.00 to $4.80
a bale here today under long
realizing and hedge selling.
The tone at the market close was
easy.
The tone at the market close was
easy.
Open High Low Close
Oct 32.'84 32.93 32.30 32.32 off 81
Dec 32.36 32.48 31.84 31.87 off 80
Mch 32.30 32.36 31.75 31.68b off 90
May 31.99 32.01 31.31 31.31 off 96
Jly 31.15 31.15 30.60 30.61 off 80
iinui rial
SHOWING!
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It! !
m johnsbnj
JUNE MON*
in MCM'i
THOMAS MITCHELL
MARILYN MAXWELL
-Plus
Directed by
JACK CONWAY
Produced by
EVERETT RISKIN
DIAL 2-1442 FOR SCHEDPLE 1
NEW ORLEANS
NEW ORLEANS,
The average pri ’ Ug- 18.<f
la-16 inch cotton \J! hiite'
designated southern y «t ?
was $3.45 a bale lf)?Pot *9^
cents a pound - avP,- r >t sft
*> market t ,*«
« J! .f' ■*§
TREND of STAPLf f
NEW YORK. Aug i8E>lt
ciated Press weifhtprTh* A?
Price index of 35 cn ®d who&
IK month eg0
High 188.65 16g672 imj, U«
Low 164.05 112 ft? itf !0h
(1926 averageiVaVg"^
new”OREEANS SPOT
NEW ORLEANS. Aug ,?
Spot cotton closed stead,
bale lower here todav
Low middling 29.05. midrib, 3":<.
good middling 34 65 S33<«
none; stock 53,779. ' ' tt6csift
CHARLOTTE SPOT*
CHARLOTTE. Avg\
Spot cotton 34.65. ' -K
Upkeep of the NUTn^,,
the Germans approximately!-?
000.000 a year. 1 »'«,
^KEnraa*
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