Individual Stocks Tilt
Upward On Light Sales
Customers Exhibit Caution!
On News Of Possible
Control Return
■VI \RKETS at a glance
?,KW YORK, Oct. 28— (API —
Stocks—Mixed: eiected issues
resume recovery.
j-50Ilcls—uneven; some rails
improve.
Cotton—Irregular; mill buy
ing, profit taking.
CHICAGO
Wheat—3 to 5 cents higher;
Southwest needs rain.
Corn—Strong.
Oats—Strong.
Hogs—Unevenly 50 cents to
gj .00 lower; top $26.00.
new YORK, Oct. 28.—(AP)—
Individual stocks tilted moder
a{f]v upward in today’h market
although many leaders suffered
from slight selling.
'The fact that a big batch of
favosv.ble dividends failed to
fpur the majority of issues con
cerned tended to chill bullish
sentiment to a certain extent.
While business optimism and
hopes that the technical posi
tion of the list would bring a
,4;p inspired some buying,
boardroom customers exhibited
considerable skepticism. Ac
counts were trimmed by those
who had the idea that certain
federal economic controls might
be reinstated in the fight against
inflation. A number of earnings
recessions also accentuated cau
tion.
Steels enjoyed a forenoon bul
ge but failed to .ollow through.
Special issues die well. Offer
ings were a bit more insistent
in the final hour and minus signs
, shade in the majority at the
close. Dealings picked up now
and then but slowdowns were
frequent. It was the second full
aession under the million-share
mark since Oct. 9. The day’s ag
gregate of 930,000 shares compar
ed with 850.000 the day before.
Composite Off
The Associated Press 60-Stock
Composite was off .1 cf a point
at 66.3, cancelling Monday’s ad
vance. Of 1,000 issues register
ing. 383 fell and 370 rose.
U. S. Steel finished up l-a of
a point at 76 3-8 and, after the
close, directors voted a dividend
ot $1.25 on the common, against
$1 paid previously, and in ad
dition declared a special dis
bursement of 75 cents a share.
It was the first special since
Oct. 29, 1929, on which date it
was recalled, the stock market
vent into one of its most severe
slumps in history. The company
reported net of $2.58 a share for
the September quarter against
$2.65 in the June period and
$3.11 in the third quarter of
1946.
Norfolk and Western added 1
3-4 at 60 1-4 on a raised quarter
ly and extra. Union Pacific was
up 2 at 147, and Skelly Oil 2 at
96, the latter at a 1947 peak. In
the “new high” class also were
Texas Pacific Coal and Oil, up
1 1-2 at 44 1-2; National Supply
5-8 at 22, International Silver
7-8 at 63 1-4 and Anaconda Wire
and Cable 3-4 at 65 1-2.
Retain Gains
Modest improvement was re
tained by Bethlehem steel, Gen
eral Motors, Goodrich, Mont
gomery Ward, Sears Roebuck,
Deere, Sperry, North American,
Westinghouse, General Electric,
Owens-Illinois, 'Santa Fe, Stand
ard Oil (NJ), Warren Foundry
and National Biscuit.
Pittston Co. declared the first
dividend or: the common since
1931 but the stc.jK dipped 2 1-4
to 35 1-2. A sharp drop in net
depressed Wright Aeronautical
5 1-2 points at 58 1-2 On the ofi
side were Republic Steel, Youngs
town Sheet Graham Paige, Con
tinental Motors, International
Harvester, Douglas Aircraft,
American Telephone, Consoli
dated Edison, Kennecott, Allied
Chemical, Johns-Manville, N. Y.
Central, Pennsylvania Railroad,
Great Northern Kailwa- , North
ern Pacific and Pepsi-Cola.
Bonds eased. At Chicago grains
strengthened. Wheat ended up 3
to 5 cents a bushel, corn 1 3-4 to
4 1-4 and oats 1 7-8 to 2. Cotion
reacted at the last and emerged
with losses of 35 cents to $1.35
a bale.
In the Curb Elliott Co. was up
a point on a resumed dividend.
Gainers were Noma Electric,
American Cities -ower, Humble
Oil and Salt Dome Oil. Kaiser
Frazer skidded, along with So
notone, Tilo Roofing and Ameri
can Gas. Turnovei here was 330,
000 shares versus 370,000 yester
day.
WHAT STOCKS DID
NEW YORK, Oct. 28—(AP)—
Tues. Mon.
Advances 370 310
Declines 383 420
Unchanged 247 253
Total Isseus 100 983
RAILROAD BONDS
IN NEW DECLINE
Losses Tuesday Place
Group Within Close Dis
tance Of 1947 Low
NEW YORK, Oct. 28—(API
New declines among railroad is
sues in the bond market today
put the group within flirting
distance of the .owest average
price level of the year.
The Associated Press average
of 20 representative railway
bonds dropped -3 of a point to
91.1 against the i947 bottom of
89.8. This in turn is the lowest
since the market hit 79.5 in 1944.
Losses were fractional for the
most part and a moderate num
ber either held their ground or
edged forward.
Trading volume was swollen
by the debut on the exchange of
American Telephone and Tele
graph’s new convertible de
bentured, 2 3-4s of 1957. The Is
sue, selling on a “when issued”
basis, closed at 112 after moving
a trifle either way on turnover
of $772,000 face value.
Total business increased to
$5,180,000 from 3,150,000.
DAIRY PRODUCTS
CHICAGO, Oci. 23—(AP)—
Butter Firm; receipts 328,209.
eggs irregular, receipt* 8,236.
Stock Market Quotations
By The Associated Press
Pre- Yes
vious terday
Close Close
Alleghany . 3% 3%
Allis Chal Mfg . 41% 41%
American Can . 88 8814
American Car Fdy .... 46% 46%
American Roll Mill .... 33%
American Smelt Ref 65 6414
A T and T .158% 157%
American Tob B . 71 69%
Anaconda . 35% 3514
Arm 111 . 15% 15
ACL . 52%
Atlantic Refinery _ 36% 37%
Aviation Corporation .... 5% 6
Baldwin . 18% 16%
Baltimore and Ohio 1314 1214
Barnsdall . 33 33
Bendix Aviat . 35% 33%
Beth Steel . 92 96
Boeing Aire . 22% 21%
Borden . 46 44%
Budd Mfg . 12% 12%
Burl Mills . 21% 21%
Bur Add Mach . 16 15
Case J I . 44% 44
Caterpil Trac . 58 58
Ches and Ohio .. 45% 64
Chrysler . 65% 64
Coca Cola . 178
Coml Cred . 47% 4714
Coml Solv . 23% 23%
Comwlth and South 314
Consol Edis . 25% 25
Cons Vultee . 14 13%
Corn Prod . 6714 66%
Curt Wright .. 5% 514
Curt Wright A . 18% 17%
Dow Chem . 39% 3914
Doug Aire . 63 58%
Du Pont . 190 190
Eastman Kod . 45% 44%
Firestone . 53 52
Gen El . 37% 371'8
Gen Mot . 60% 59
Goodrich . 58% 59
Goodyear .-. 48 47%
Gt Nor Ry Pf —. 41% 40%
Int Harvest . 88 88%
Int Tel and Tel. 14 13%
Johns Manv . 45 44%
Kannecott . 47% 46%
Loews '.. 21% 2114
Lockheed . 15% 14
Lorillard . 18% 18%
Mont Ward .. 58% 58%
Nash Kelv . 18% 17%
Nat Bis . 3114 32%
Nat Cash Reg . 41% 39%
Nat Dist . 21% 20%
N Y Cent . 15% 14%
No Am Av . 9%
No Pac .. 23% 20%
Packard . 5% 5%
Param Pic . °3% 22%
Penny J. C. 43 % 43 Vs
Penn R R . 18y8 17%
Pepsi Cola . 29% 27%
Phillips Pet __ 62% 58
Pitt S and B . 9% . 9%
Pullman .. 54% 54%
Pure Oil .. 27 26%
Radio . 9% 8%
Radio K O . 12 11%
Rem Rand . 16 V* 16
Repub Stl . 28% 28%
Reynolds B . 41J4 39%
Sears . 37% 38%
Soc Vac ... 15% 16%
Sou Pac . 45%
Sou Ry . 46% 37%
Std Br ..... 28% 27%
Std Oil N J . 76% 76%
Stewart War .. 16% 16 Vi
Swift . 34% 33%
Tex Co . 59% 58%
Un Carb . 107% 106
Unit Airl . 23% 21
Unit Aire . 22%
Unit Corp . 3 3
Unit Fruit . 57% 58
Unit Gas Imp ;. 23% 24
U S Indus CJiem . 44% 42%
U S Rubber . 49 48%
U S Smelt and Ref .... 48% 46%
U S Steel . 76% 76%
Vanadium . 18% 17y4
Va Caro Chem . 8%
Warner Pic . 14% 14
West U.... %or.... 7/8 n7/B
West El . 29% 28%
Woolworth . 48% 48%
CURB
Can Marconi. 1% 1%
Cities Service .:. 40y4 39%
Colon Dvmt .:. 4% 4y4
El Bond and Share .... 14% 14%
CHICAGO BUTTER
CHICAGO, Oct. 28—CAP)—
(USDA)—Butter firm: Prices
1-4 to two cents higher: AA 92
score 74.25; A 92—72.5; B 90—68
68.25; C 89—66.25-66.5. Eggs
steadier; unchanged mostly to
a cent a dozen higher outside
of medium No. 1 extras at 50
51.5.
Dial 2-3311 For Newspaper Service
WINTER IS NEARER
THAN YOU THINK...
So Buy These
BEAGON
100% Wool
BLANKETS
Here is the perfect blanket for this winter. 100% wool with rayon
satin binding ... and they’re perfect with the exception of being slight
ly less than standard width. They’re 63 to 69 inches wide and full 84
inch length. They’re ideal for twin beds and many can be used for double
beds. The colors are green, peach, blue and dusty rose. Be sure to get your
blankets now at this special low price.
' NEW YORK PRODUCE
NEW YORK, Oct. 28—(UP)—
Produce markets: Potatoes—
(dollars per IOC lbs. unless
otherwise indicated.) Steady.
Idaho Russet No. 1 $4.25-4.75; 10
b bag 58-60; Long Island Chip
pewa No. 1 $2.75-2.90; No. 1-B
$1.50; Long Island Green Mts.
50 lbs bags No. 1 $1.45; Long
Island Green Mts. No. 1 2.50-3.15
Mo. 1 poor $2.25*2.50; Green Mts.
Mo. 1-B $1.50-1.60; pickouts $1 00
1.25; 10 lb bags .32; Idaho Rus
sets 50 lbs bags No. 1 washed
$2.60-2.75.
Sweet Potatoes — (bushels—
baskets) firm. New Jersey, Jer
sey type, No. 1 $’.25-2.25; New
Jersey, Jersey type, medium
$1.00-1.25; Va. Golden No. 1
$1.50; Maryland Golden Wax No.
1 $1.75,2.50; No. 2 $1.00.
Live poultry: Dull. Rabbits 15
30; fowls 22-41; broilers 34-41;
Pigeons 60-65.
CASH GRAIN
CHICAGO, Oct. 28.—(AP)—
Wheat: none. Corn: new—No .2
yellow 2.:36; No. 3 2.31%-2.35.%;
No. 4 2.18-2.20; old—No. 1 yel
low 2.40 %; No. 2 2.39^1-2,40%;
No. 3 2.38y4-2.39; No. 5 2.27%
2.28; sample grade 2.06-2 21.
Oats: No. 1 heavy mixed 1.20;
No. 1 heavy white 1:20-1.21%.
Sovbeans: No. 1 and 2 yellow
3.32.
Field seed per hundredweight:
Timothy 4-65-4.95; red top 14.50
15.50. Barley: malting 1.85-2 90;
Feed 1.75-1.5.
NEW ORLEAN MIDDLING
NEW ORLEANS, Oct. 28 —
(AP)—The average price of
middling 15-16ths inch cotton at
ten Southern spot markets to
day was 55 cents a bale lower
at 32.5 cents a pound; average
for the past thirty days 31 62
Middling 7-8-inch average 30.77,
CHARLOTTE SPOTS
CHARLOTTE. Oct. 28—(AP)
—Spot cotton 33.40.
CHICAGO GRAIN
CHICAGO, Oct. 28.—(AP)—
Wheat futures turned strong to
day after three moderately weak
sessions, with the December con
tract climbing back and forth
above and below the $3 a bush
el mark again.
Wheat
Open High Low Close
Dec. 2.98 3.00# 2.98% 3.00%
May 2.86% 2.88# 2.85% 2.88%
Jly 2.51 2.54% 2.51 2.5314
Sept 2.46% 2.48 2.46% 2.48
Corn
Dec 2.22% 2.25% 2.21% 2.25%
May 2.16 2.19% 2.15% 2-19%
Jly 2.08% 2.10 2.07 2.09%
Sep 2.00% 2.01% 2.00% 2.01%
Oats
Dec 1.14% 1-15% 1.14% 1.15% I
May 1.05% 1.07y4 1.05% 1.07%
Jly .92% .93% .92% .93%
. Soybeans
Nov. 3.39% 3.40 3.38% 3.40
Mar 3.36 3.37 3.35 3.37
Lard
Nov. 22.80 23.42 22.80 23.05
Dec. 24.80 25. „0 24.80 25 20
Jan. 24.20 24.70 24,20 24.60
Mar. 24.07 24.65 24.07 24.52
May 24.20 24.75 24.10 24 75
NEW ORLEANS COTTON
NEW ORLEANS, Oct. 28—
(AP)—After advancing in early
trading here today, cotton fu
tures declined under hedge sell
ing and long realizing. Closing
prices were steady 55 cents to
$1.40 a bale lower
Dec 33.03 33.20 32.76 32.86 off 21
Mch 33.29 33.43 32.93 33.06 off 21
May 33.23 33.42 33.95 33.05 off 18
Jly 32.37 32 57 32.11 32 19 off 14
B-Bid.
COTTON SEED OIL
NEW YORK, Oct. 28— (AP)
Bleachable cottonseed oil futures
closed 25 to 35 higher, sales 50
contracts.
High Low Last
Jan. 23.25 23.25 22.75B
Mar. 23.20 22.75 23.00B
May .23.10 22.90 23.00(6
Jly. 23.10 23.10 23.05B
B-Bid.
NC.-VA., HOG MARKETS
RALEIGH, Oct. 28—(AP)—
(NCDA)—Hog markets weaker
with tops of 23.50 at Rocky Mount
and Richmond; 23.00 at Green
ville, Smithfield- Mount Olive;
23.75 at Clinton-Warsaw-Lum
berton-Chadburn; and 24.00 at
Fayetteville.
RALEIGH POULTRY
RALEIGH, Oct. 28.—(AP)—
(NCDA)—Raleigh egg and poul
try markets steady; U. S. Grade
AA large 67; fryers and broil
ers 30 to 31.
The diet of the short - eared
owl is about 99 per cent mice.
I CHICAGO PRODUCE
CHICAGO, Oct. 28—(UP)—
Produce: Poultry: 33 trucks; un
settltd to firm; Broilers 33-37;
white rock springs 31; Ploymouth
rock springs 31; colored springs
28; ducklings 30.
Cheese: twins 41 Vi-42; single
daisies 43 12-44; rwiss 63-66.
Butter; 328,209 lbs; firm; 93
score 72%; 92 score 72; 90 score
68; 89 score 66 Vi. Carlots; 90
score 68; 89 score 66%.
Eggs: 8,236 cases; irregulars;
extras 1 unquoted; extras 2, 54
56; 3 and 4. 48-50; standards 1
and 2 47; 3 and 4 45-46; current
receipts 45-56; dirties 36-37 %;
checks 35-35 Vi.
LOCAL QUOTATIONS :
Furnished by Allen C. Ewing tc- Cl. •
BID ASKED
Aviation Shares 50c 5.32 5-78
ACL of Conn 4.00a 52 54
Boston Fund 2.16b 20.35 22.00
Carolina Insurance 1 40a 26 28
Chase Nat Bank 1 60a
Ex Div .40c 36 1-2 38 1-t
McBee .40a 7 7 1-1.
Mass Inv Tr 1.89b 25.75 27.84
National Transit Co 3 5-8 3 7-1 .
Nat Tran Pump & Mch Co 6 1-8 6 3-4 ,
Peo Sav Bank & Tr 3.00c 80 —
Red Rock Bot (Inc Ga.) 6 7 _
Sec Nat Bank 80c 27 28 1-t
Standard Stoker 3.00c 21 1-2 23 1-2
T W P Common .60a 8 8 1-2
Wil Sav & Tr 2.00c 49 —
a. Indicated annual dividend rate.
b. Income and profits dividends paid
in past 12 months.
The above quotations are nominal and
are believed to be indications of the
price at which the securities may to
purchased or sold.
DIXIE
BELLE
DIXIE
BELLE
Distilled Dry Gin
4r
DISTILLED FROM 100% GRAIN
NEUTRAL SPIRITS
90 PROOF
$ PINT
*270 4/5 QUART
CONTINENTAL DISTILLING CORPORATION, PHILADELPHIA, PA.
“I like to
see kids
get a break,”
Says BABE RUTH,
Farmer Yankee star
1 suppose most kids don’t give too much thought to
parents—unless they don’t have ’em. I was an orphan
myself, so I know.
And I suppose no future major leaguer, sliding into
home plate on a sandlot, ever thanked God for his legs
—but he would if he’d ever had to wear steel braces,
like so many kids do.
I like to see kids get a break. And every day thousands
of them are getting that break through the Red Feather
services of the Community Chest.
Maybe it’s in the form of a loving foster mother or
. dad . . . maybe it’s the finest medical care when he’s
sick . . . maybe it’s the training and example of clean
living and straight thinking he gets in a “Y” or a scout
troop . . . Maybe it’s the fun of a summer camp. What
ever it is, it’s a swell break, and Tm for it. Everybody
gives, they say, to the Community Chest campaign. And
it’s easy to see that when youngsters in a town get a
chance to grow up with love and happiness in the®
lives, everybody in that town benefits.
So you don’t have to BEG me to give. Tm proa9
to have the chance.
' This Message Is Presented In Behalf Of Wilmington’s ommunity Chest Drive By
SPOFFORD MILLS, INC.
Wilmington, N. C.