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■ Stock Exchange Leaders I Retreat Under Selling Overall Average Price Dip proves Widest Since August 8 UARKKTS at a glance Nm VORK, Aug. 25.—UP)— stocks — lower; leaders in ,0* retreat. 'Bonds — irregular; late de •ine I" mils Cotton — irregular; liquida mill buying. CHICAGO BBca t — easy, sold off in mpatby with corn break. V,rn- broke 8-cent limit; rains cool in mid-west, tjjts—sharply lower in aym m-by with corn. ,jo„s — steady to 25 cents loner- top *28.50. Cattle — irregular steady to I jo cents Wither; top $34.00. ! }yf ,V YORK, Aug. 25.—(A3)—The ,vork market today suffered its uiual Monday sinking spell — it ws< the sixth in a row—with lead conceding fractions to 2 or * or* points and the overaU aver lge recording its widest d’p since Aug- 8. j-rom tat start professionals ac _„c»ed for most of the liquids H ' B 'hough brokerage custom ’ ' here and there, reduced ac ’.s. Offerings were attributed iartly to pessimism over intema \l0Jl affairs, the export outlook, thoughts of a possible business recession resulting from the price waee spiral and the belief of 'e that the flow of pleasing e;;;n?6 and dividends was “water T'-e direction was downward |Jr " the start although extreme L . . was a rarity. Steels, mo jtors rubbers, rails and special is L . supply. There was a Exiling flurry at the approach of be final hour, then the pace again Eovr, o vctals closed at or [round the day's bottom. Trans |ers of 810,000 shares compared In - 580,000 Friday and were the Ernst fit ce Aug, 15. Composite Off T'.e Associated Press 60 - Stock > -.".e as off .9 of a point at ^c vie broadest market ,rV£ ;0v 30. Of 994 stocks ap pe;. 75 fell and only 127 ad ce: p ■ i f phone dropped bet te: . 12 points at one time on ...■ company would advise id of directors to emit the dividend for the first i . 20 years. It emerged off 9 5-8 El 94 1-4 at the year’s low. Pacific yielded 2 3-4 at I VENETIAN BUNDS" Flexible A uminrnn Custom Made Immediate Delivery DIAL 2-1164 FREE ESTIMATE? Carolina Venetian Blind Co. Factory—713 Nntf St, fcwwiwj, Wheeling, CtafMag Asthma Don t let coughing, sneering, choking, recor rif^ ai'.acts of Bronchial Asthms ruin your ilcep and e-.ergy another day or night- wftb t*; trying MamSaco. This gr< at medicine iu act s stroke, injection or soray, but taken exactly directed at meal time it works 'croagh top hiood, thus reaching the lungs ir.c bronchial tubes. Usually the first dose y’m& aimos: Instantly helping nature 3 1. Helps loosen and remote thick mu5 ‘s- 2. Thus premotes freer aa(j sounder, more refreshing I.pJ' aJleviatf coughing, “rhee^ng, ‘ifcrrcg. Mosdoto is t’ue formula of a doctor T‘,t] 30 year '- experience and most work to .■o.ir entire satisfaction or your money back w guarantee.,^on return of empty package. YJ'r , iTcm 7°,ir druggist today. Dla co-er lor yourself how fast this modern tc-n-c' : may help you. 140, American woolen 2 1-4 at 45 3-8, U. S. Rubber 2 1-4 at 44, Youngstown Sheet 2 3-4 at 66 3-4^ J. I. Case 2 3-8 at 37 5-8, Nickel Plate preferred 3 at 114. Ameri can Smelting 2 at .80 and Santa Fe at 82. Off a point or so were U. S. Steel at 69 7-8, Bethlehem 85 7-8, General Motors 57 7-8, Chrysler 57 5-8, Goodrich 50, Montgomery Ward 58 3-8, International Har vester 86, Deere 39 1-2, Western Union 23 3-4, Americian Water Works 15 5-8, Anaconda 36, West inghouse 27 1-8, General Electric 35 3-4, DuPont 189, Union Carbide 105 1-2, Johns - Manville 41 1-2, Owens-Illinois 74 1-2, Pepsi - Cola 30 1-4, Publicker 23 1-2, Phillips Petroleum 59 1-2, Texas Co. 61 1-4 and Nickel Plate common 32 1-2. Touching lows ior 1947 were Inter national Nickel, off 1 at 28 1-8, Dow Chemical 1-2 at 37 7-8 and American Safety Razor 58 at 10. Standard Oil Up Modest gains were posted for Standard Oil (NJ), Consolidated Edison, Kennecott, American Can and Air Reduction. Bonds trailed with stocks. At Chicago grains weakened with com tumbling the full permissable day’s limit of 8 cents a bushel. Wheat ended off 1 3-4 to 2 1-2 and oats 3 1-2 to 3 7-8. Cotton was down $2.10 a bale to up 70 cents. In the curb Jeanette Glass back ed away in the wake of a passed dividend. On the offside were Cities Service, Solar Aircraft, Electric Bohd and Share and Aluminum of America. Plus signs were shown for Gleaner Harvester, Ronson Art Metal and Lake Share Mines. Turnover here was 160, 000 shares versus 130,000 in the preceding session. STOCK AVERAGES Compiled by The Associated Press Ancr 25— 30 15 15 60 Ind Rails Util Stocks Net change Dl.l D.8 D.4 D.9 Monday 91.7 33.8 42.5 64.9 Prev day 92.8 34.6 41.9 65.8 Week ago 92.9 35.0 42.8 65.9 Month ago 95.9 36.1 42.8 67.7 Year ago 100.2 44.5 51.5 74.7 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. 25—(JP)— . Mon Fri Advances —.— 127 314 Declines -- 715 314 Unchanged .—-- J52 220 Total issues -- 394 89i NEW^ORK PRODUCE NEW YORK PRODUCE NEW YORK, Aug. 25.— (U.R) — Produce markets: Potatoes—(dol lars per 100 lbs. tn'-'ss otherwise indicated.) Very quiet. Washing ton Long Whites No. 1 3.50-4.25; Long Island Chippewas No. 1 2-40 bid; No. 1-B 1.00 asked; Cobblers No. 1 2.25-60; No. 1-B 1.00 asked; New Jersey Cobblers No. 1 2.00 bid. Sweet Potatoes; (Bushels bas kets) Steady. Live poultry: Quiet. Rabbits all varieties 15-25; fofcls 36-38; Chick ens 40; broilers 38-40; pigeons and squabs 60-65. CHICAGO PRODUCE CHICAGO, Aug. 25.—(U.R)— Pro duce: Poultry: 21 trucks, firm, bens 26; Leghorn hens 24; fryers 31-65: colored springs 26; Ply mouth Rock springs 30; White Rock springs 30. Cheese: Twins 36-37 1-2: single daisies 40 - 40 1-2; Swiss 51-55. Butter: 907,796 lbs.; nervous; C3 score 77 1-2; 92 score 7R; 90 score 72; 89 score 68 1-2. Carlots: 90 score 73; 89 score 68 1-2. Eggs: 14,835 cases; firm to ir regular; extras 1; unquoted; ex tras 2; 51-54; 3 and 4; 44-47 stand ards 1 and 2; 43 1-2; 3 and 4. 51, current receipts 37-38 1-2; dirties 33-34; checks 32-33 1-2. II. Berger & Son Furniture and Home Furnishings SPECIAL BABY CARRAIGES Values to $59.50 _$20.00 NORTH rOt JiTIl ST. _DIAI. 5128 Berber's Dept. Store Clothing For The Entire Family YOUR CREDIT IS GOOD LlM .North Fourth St. Dial 96^ "u Get A Better Buy At Blackwoods” l SEIBERL1NG TIRE SALE NOW ON HIDE AS YOU FAY—EASY TERMS BLACKWOOD’S 18 North 2nd St. Dial 2-1453 ^-.^^agaauMaH—i■■■ggL ■ - --———. ^ention H, C. League Off Municipalities! STREET MARKERS AS ILLUSTRATED FOR Your City Made of Reinforced Concrete ★ CALL 28430 or WIRE, WRITE, SEE Point Peter Concrete Co. 'lliftin?. ls one of Markers on a _ ^*"n street corner._Wilmington, N. C. RAILROAD BONdT WILT AT FINISH Liens Of Missouri Pacific Suffer Largest Losses Of Day NEW YORK, Aug. 25.—(5>)— A wide assortment of railroad obli gations dipped a point or more in today’s bond market after an early show of resistance. Active selling pressure was lacking in all sections of the list and a few issues managed to cling to narrow advances. Total sales for the day were $2,673,000 against $2,310,000 Friday. Several Missouri Pacific bonds were among the principal losers. The series I 5s of '81 were off 2 points at 75, the general 4s down 119 at 27 1-2 and the convertible 5 l-2s off a point at 22. Other carriers giving up a point or more included Baltimore and Ohio stamped convertible 4 l-2s 1-2 at 55, Frisco 4 l-2s at 50 1-2, Denver and Rio Grande Western income 4 l-2s at 48 1-0, Northern Pacific 3s at 70 1-8, West Shore 4s at 64, and Big Four St. Louis division 4s at 95 1-4. Retaining a measure of improve ment were Chicago Railways 5s, Pennsylvania Power and Light 3s, Monon Income 4s, Santa Fe 4s and Delaware and Hudson 4s. Losses of a point or more were registered in the foreign dollar section by Uruguay adjustment 4 l-8s, State of Sao Paulo stamp ed 7s and several Australian is sues. The Associated Press aver age of ten foreign bond declined .3 of a point to a new 1947 low of 70.5. Longer term U. S. government obligations strengthened a bit in over-the-counter markets with the Victory 2 l-2s of Dec. 1967-72 closing up 1-32 at 102 31-32 bid. BOND AVERAGES Compiled by The Asiociated Press AUG. *S— SO 10 10 10 10 Rails Indus Util Fgn Low Yd. Net change D.l Unch Unch D.3 D.l Monday 94.2 103.4 105.4 70.5 114.8 Prev day 94.3 103.4 105.4 70.8 114.9 Week ago 94.5 103.4 105.3 70.6 114.9 Month ago 94.9 103.5 105.3 71.7 114.9 Year ago 101.2 103.5 107.5 78.1 117.3 1947 High 97.1 104.2 105.7 76.6 116.5 1947 Low 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 1 03.3 74.4 114.3 LOCAL QUOTATIONS FarnUhed by Allen C. Ewing * Co. BID ASKED Aviation Shares .50c Ex Div .lc 4.66 5.06 ACL of Conn 4.00a 54 56 3-4 Boston Fund 2.16* 16.78 21.38 Carolina Insurance 1.40a 34 5-8 36 5-8 Chase Nat Bank 1.60a 34 5-8 36 5-8 McBee .40a 7 1-4 7 3-4 Mass Inv Tr 1.89b * 24 27.29 National Transit .75a 12 1-2 16 Peo Sav Bank & Tr J.OOc 80 — Red Rock Bot (Inc., Ga.) 9 1-4 10 1-4 Sec Nat Bank .80c 28 — Standard Stoker 3.00c Ex Div .50c 20 1-2 22 1-2 T W P Common .60a 8 3-8 9 1-8 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. LIVESTOCK CHICAGO LIVESTOCK CHICAGO, Aug. 25. —(TP)—(US DA)—Salable hogs 6,000, tbtal 9, 000; slow and very une\jen but generally steady to 25 cents low er than Friday’s average on all weights including sows; top 28.50; sparingly; bulk good and choice 190-260 pounds 27.50-28.25; 270-290 lb. 26.00-27.50; 300-330 lb. 25.00-26. 25; around 375 lb. butchers at 24.00 and some 500 lb. weights at 20.50; sows under 350 lb. mostly 24.00 25.50; 350-400 lb. weights 22.50-24. 50; 400-450 lb. 21.50-22.75; 450-550 lb. 19.00-21.50. Salable cattle 9,000; total 9,000; salable calves 800; total 800; good and choice fed steers and heifers 25-50 cents higher; fully 50 cents, instances 75 cents, on average good to average-choice weighty steers selling at uu-B3.su; mar ket slow at upturn; bulk steers go ing on shipper account; top 34.00 paid for better than average-choice 1,312 lb. steers; choice steer year lings 31.00; mixed steers and heif ers 30.00; best heifers 28.50; these choice but not strictly choice; most good and choice heifers 25.00 28.50; medium steers and heifers scarce, steady; cows steady to strong; bulls 25-50 cents higher; vealers steady but heavy slaughter calves 50 cents to 1.00 lower at 18. 00 down; top on vealers 24.00 and 18.00 paid freely for heavy sausage bulls. RICHMOND LIVESTOCK RICHMOND, Va., Aug. 25. —(ff) —(USDA)—Livestock: Hogs — Mondayls market steady on all weights. Top $26.50 for good and choice 180-240 lb. barrows and gilts 90-100 lbs. $18.50; 100-120 lbs. $19. 50; 120-140 lbs. $23.50; 140-160 lbs. $24.00; 160-180 lbs. $25.00; 240-300 lbs. $24.50; 300 lbs and up $23.50; good sows under 350 lbs. $20.00; 350-500 lbs. $17.50; over 500 lbs. $16.50; good stags under 350 lbs. $17.50; over 350 lbs. $15.50. Cattle — slaughter steers gen erally well cleared on early sales. Good grade fully steady, largely $24.00-26.00 with grain-fed quot able higher; medium kinds steady at $21-50-23.00; common down to $16.00 or below, limited sales of heifers steady, good grade $20.00 22.00; medium $16.50-18.50; com mon $11.50-13.50; canner and cut ter cows steady at $9.00-12.00; other grades very slow, common and medium $12.00-14.00; good cows $14.50-16.50; generally active trade on vealers with choice $23.00; medium and good $18.00-21.50; common dull at $17.00 down. Few good spring lambs $21.DO 22.00. N. C.-VA. HOG MARKETS RALEIGH, Aug. 25.—(TP)—(NC DA) — Hog markets steady with tops of 26.50 at Rocky Mount, Greenville, Smithfield - Mount Olive and Richmond; and 26.75 at Fayetteville and Clinton-Warsaw •Lumberton. NO MORE CLOCK WINDING NEW CASTLE, Ind. (U.R)—After winding their court house clock for 80 years, the Henry County commissioners have decided to have the timepiece electrified. It’l cost the county about $885. ADDITIONAL MARKETS ON PAGE 12 'VILiMINGTON MORNING STAK, WILMINGTON, K C. Stock Market Quotations ! By THE ASSOCIATED PKESS Pre- Yes vious- terday Close Close Alleghany .... 3% 3% A1 Chem and Dye _ 189 188% Allis Chal Mfg _ 37% 36% Am Can _ _ 88% Am Car Fdy_ 49 48% Am RoU Mill _ 32% 31% Am Smelt and Ref - 62 60 A T and T _ 156% 155% Am Tob B ..... 75% 74 Anaconda - 37% 36 Arm 111 -J_ 13% 13% ACL _*....-_ 54 o2% Atl Ref . 37% 36% Aviat Corp - 5% j>% Baldwin - 17% 17 B and O _1-- 13 12 >* Barnsdall ... 29% 28% Benaix Aviat _..... 31% 31 Beth Steel .. 87% 8d% Boeing Airp _ 16% 16 Borden - 43% 43 Budd Mfg - 11% 11* Burl •'Mills . - 18% 17% Bur Add Mach —.'— 13 13.8 Cannon Mills - - 78 Case J I - 40 37% Caterpil Trac - 57% 57% Ches and O - 47% 47 Chrysler _-___ 57% o/ A Coca Cola .. 184% 183% Coml Cred -.. 47 46% Coml Solv -- 2d% 24% Comwlth and Sou — 3% ? A Consol Edis - 20% 2o% Cons Vultee ..13% 1"% Cont Can --- 27% 36,4 Corn Prod . 63% Curt Wright - 5% .9* Curt Wright A- 18% 17 Dow Chem -- 38% 37 A Doug Aire —.- — .R9 Eastman Kod.— 45% 44/4 Firestone _ 50% 49% rjen Ei 36% 3o ,4 Gen Foods -— 39% 39% Gen Mot .. a?* l‘/s Goodrich ... 51 Goodyear .—. 44% 43% Gt Nor Ry Pf- 41 40 A Int Harvest -87% 86 Int Tel and Tel- 11 A 10% Johns Manv - 43% 41A Kennecott .......— 46 A 46 A Ligg and MB-—7 Loews - 20% 2_ Lockheed _.12‘,s 12 Lorillard - 18/4 18 A Mont Ward -- 60 58% Nash Kelvinator ..... 17% 1“A Nat Bis _ 30% 30% Nat Cash Reg-— 38 ,4 38 ,2 Nat Dist -. 20% 20y4 N Y Cent .. 14% 14 No Am Av - 7/s 7 A No Pac - - 19Y? Packard - 5Vs 4% Param Pic 23% 23 Penney J C . 44% 44 Penn R R .. 18% 18% Pepsi Cola _... 31% 30y4 Phillips Pet _ 61% 59% Pitt S and B_... 8% 8% Pullman ... 57 57% Pure Oil - 27% 26% Radio _ 8% 8% Radio K O _ 11% 11% Rem Rand -_ 16 15% Repub Stl ./_ 27 23% Reynolds B _ 40% 41% Sears - 39 38% Soc Vac -_ 16% 13% Sou Pac .. 44 43% Sou Ry .. 38 37% Sid Br -- 30% 30% Std Oil N J_ 77 Vi 77% Stewart War __ 15% 15% Swift _ 34 34 Tex Co___ 62% 61% Un Carb __ 106% 105% Unit Airl .__ 19% 19% Unit Aire .. 19% 18% Unit Corp -_ 3% 3 Unit Drug ..._, _ __ Unit Fruit .L 53% 52% Unit Gas Imp _ 21 20% U S Indus Chem_ 44% - U S Rubber _ 46% 44 U S Smelt and Ref .. - 45% U S Steel. -_ 71% 69% Vanadium _ 15% - Va Caro Chem__ __ 6% Warner Pic_ 15% 14% West Un A _ 25% 23% West El _ 28% 27% Woolworth __ 47% 47 CURB Can Marconi .. 1% Cities Service _ 36% 36% Colon Dvmt __ 3% 3% El Bond and Share .. 12% 12 CHICAGO BUTTER CHICAGO, Aug. 25.—W— (US DA)—Butter steady; AA 93 score 78; A 92-76.5; B 90-72.5-73; C 89 —68.5-69. Eggs steady; large No. 2 extras 52-56.5; medium No. 2 extras 46-47.5; standards 43.5-44; current receipts 38-39; dirties 33.5 34.5; checks 32.5-33.5. RALEIGH POULTRY RALEIGH, Aug. 25.—W—(NC DA) — Raleigh egg and poultry markets steady; U. S. Grade AA large 58; fryers and broliers 34. I—FOR— CORRECT TIME Call 2-3575 —FOR— Correct Jewelry VISIT t i “ V IOV M. FRONT STMCT J Wilmington's Largest Credit Jewelers NAVAL' STORES SAVANNAH, Ga., Aug. 25.—(TP)1 —Turpentine 59 cents; offerings and sales, none; receipts, 307;' shipments, 557; sio^ss 29,002. Rosin; offerings and sales, 260; receipts, 622; shipments, none; stocks 16,130. Quote: B and D. 6.50; E, G.55; F, 6.73: G and H, 6.76; I, J, K, N, and WG. 7.01; WW and G, 7.26. CHICAGO POTATOES CHICAGO, Aug. 25.—!£>—(US DA)— Potatoes: arrivals 229, on track 253; total U. S.. shipments Friday 820, Saturday 718, and Sun day eight; supplies moderate; de mand slow: market dull with lit tle change in prices: Idaho-Oregsp, Bliss Triumphs $3.35, Russett Bur banks $3.75-3.95; Nebraska Red Warbas $2.75 - 2.90; Washington Long Whites $3.35-3.45, HuiU^ Burbanks $3.70. 'Jr'1 __ *. DAIRY PRODUCTS CHICAGO, Aug. 25.—(/P)—Butt^ nervous; receipts (two days) 907,* 796; eggs: top firm, balance regular; receipts (two days) 14^ 835. Delaware is the second smalleH state in the Union. i YOU'LL SAVE MONEY AT TRUCK HEADQUARTERS WITH*.* mm! Of all the trucks built, the truck that will last longest on your job is a truck that fits your job ... a ICT?— oDG6 "£o6-RcCfcc(" truck BAUGH MOTOR COMPANY 216 North Second St. Telephone 7554—6212 FRESHNESS that’s not just wrapped-in Merita’s Freshness lasts days longer because it’s J You’ll find freshness in bread has an entirely new meaning when you discover “Tender - Blended” Merita Bread. Sample for your self the wondrous new tender ness Merita offers right from the start. See how that tender fresh ness 1-a-s-t-s. Laboratory tests show that “Tender-Blended” ' Merita stays fresh days and days longer than ordinary breads. Here, is freshness that doesn’t depend on a wrapper to seal it in, be cause it’s locked in the loaf,baked in right at the start, by means of Merita’s exclusive “Tender Blending” process, developed in Merita’s own research laboratory. M | j„ of T<£JC£**' 1 ■ / „K,. ",n9 P"W«, ,'V d cell ; 5> sb^ "*• W»»w, ,S«Svv ' 11 /-o-„ lnderness he m°'sture IhoT'^ 9 r !-a-s t • ' ‘ seo/s mo;. f meons ,w ®Afico.J3<7 ' f .v> •. r -... BREAD /$ "r£AfD£R'BL£NV£D" Tune in THE LONE RANGER over your favorite statioH i • _
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Aug. 26, 1947, edition 1
9
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