SYSTEMATIC
Saving Makes Sense!
Building up a financial reserve gives you
something to look forward to ... a home
for your children, travel, old-age security.
Start saving, regularly, now in a “Peoples”
account. It’s the way to get where you want
-o go!
Your Account Insured
Up To $5000.00
The “Peoples” Two Savings Plans
1.
PAID - UP
SHARES
2.
RUNNING
SHARES
A COMPLETE HOUSE LOAN SERVICE
• DIRECT REDUCTION LOANS
• FHA LOANS • G. I. LOANS
cJlie .(Insured
Peoples BuMdino & Loan
-ASSOCIATION
112 PRINCESS ST.
Assets Over 3 Million Dollars
E. S. PIVER & SON
VENTILATED METAL AWNINGS
ROOFING — METAL WORK - HEATING
800 S 17th St. Phone 5919
_L- -————————
•‘IT’S A TREAT TO EAT”
M A L LABirS
ICE CREAM
2623 CAROLINA BEACH RD DIAL 4890
Quality Merchandise— j
— Dependable Service
WILMINGTON
FLED STORE
| 11.2 No. 10th St. Dial 6202 i
CHRISTMAS
TREE LIGHTS
ORNAMENTS
Table Decorations
3rd & Chestnut Dial 52*4
SURPLUS
FRAME BUILDINGS
20 ft. x 36 £t.
These building are ideally suited for HOMES, GA
RAGES, BARNS, and any type of UTILITY
BUILDING.
Can easily be taken down in 8ft. sections and re
built at a nominal cost. They are complete with
windows and floors. AH are constructed of excel
lent yellow pine, covered with mineral surfaced,
waterproof, asphalt siding.
WHILE THEY LAST, 10 BUILDINGS,
EACH . $195.00
We have also, for immediate sale, (1) 20 ft. x 100
ft. demountable buildings, bolted in sections,
covered with weather hoarding. FIRST COME,
FIRST SERVED, EACH . $400.00
GALVANIZED SHEET IRON
4c Per Square Foot
A large assortment of thoroughly seasoned bright
lumber, windows, doors, toilets, lavatories, com
plete buildings, sheet rock, insu'ation board,
fixtures, refrigerators, radiators, space heaters,
shingles, benches, and many other items too num
erous to mention.
STAR LUMBER CO.
Gate No. 27, Camp Davis Holly Ridge 211
Stock Market Quotations!
Prev. Yes’day
Close Slose
Alleghany . 3 Vi 3 Vi
Aly Chem and Dye ..185Vi 187Vi
Allis Chal Mfg ...._ 40 40 Vi
American Can .. 79% 78%
American Car Fdy .. 42% 43
American Roll Mill 36% 37 Vi
Am Smelt % Ref .... 57 57%
IA T and T .150% 150Vi
! American Tobacco B 68% 68%
'Anaconda . 34% 35
] Arm 111 . 14 14 Vi
Atlantic Coast Line 49% 50
Atlantic Refinery ..36% 37%
Baldwin . 15 15 Vi
Baltimore and Ohio 12Vi 12%
Barnsdall . 36% 37Vi
Bendix Aviat .. 29% 30Vi
Beth Steel .103% 105
Boeing Airp —. 22% 23%
Borden .. 42 42
Budd Mfg . 10% 10%
Burl Mills . . 20%
Bur Ad$l Macl^. 15 14%
I Cannon Mills . 44 -
Case J I . 46% 47
Caterpil Trac . 59% 59%
Chrysler . 63% 64%
Ches and Ohio . 42% 43%
: Coca Cola .181 181
Corn! Cred . 42 41%
iComl Solvv . 22% 22
Comwlth and South 2% 2%
Consol F.dis . 21% 21%
Cons Vultee. 13 13%
Cont Can . 32% 32%
Corn Prod . 65% 65
Curt Wright . 4% 4%
Purt Wright A . 19 19
Dow Chem . 3p% -
Doug Air . 43 49%
j Du Pont .187 187K
: Eastman Kod . 44% 44%
! Firestone . 49% 50
Gen El . 34% 35
Gen Foods . 34% 35%
Gen Mot . 57% 58
Goodrich . 55% 56
Goodyear . 44% 45
Gt Nor Ry Pf . 38% 39%
Int Harvest . 87% 87%
Int Tel and Tel . 1214 12%
Johns Manv . 41 4144
Kennecott. 47% 48
Ligg and M B. 86% 8714
Loews . 19% 19%
Lockheed ._. . 14%
Lorillard . 1914 20
Mont Ward . 55% 56%
Nash Kelv . 17% 1814
Nat Bis . 31% 31%
Nat Cash Reg . 41%
Nat Dist . 21 21
N Y Cent . 14% 14%
No AM Av . 9 9%
No Pac . 21% 21%
Packard . 4% 5
Param Pic . 22 21%
Pennev J C .. 42% 42%
Penn R R . 17% 18
Pensi Cola . 24% 24%
Phillins Pet . 61% 62%
j Pitt S and B . 19% 19%
Pullman . 53 53
Pure Oil . 27% 28%
Radio . 9% 9%
Radio K O . . 9
Rem Rand . 12% 13%
Repub Stl . 26% 27%
Reynolds B . 40 40%
Sears . 37% 37%
Soc Vac. 16% 16%
Sou Pac . 47% 48%
Sou Ry . 38% 40
Std Br . 26 26%
Std Oil N J . 76% 78%
Stewart War . 14% 15
Swift . 35% -
Securities for
Investment
Inquiries Invited ,
KIRCHOFFR & ARNOLD
ASSOCIATES
Insurance Building —Raleigh
Johnston Building—Charlotte
HENRY A. JOHNSON, Representative
35 Woodtawn Ave. — Witminuton — Tel. 2-6542
. ....
Tl erc’s only one way to buy
Insurance . . . the planned
way, based on a complete
analysis of your needs. Star!
the New Year right by let
ting us analyse your needs
.now. Let us explain how you
can get complete coverage
and save money with our
DIVIDEND-PAYING mutual
policies.
Livingston & Co.
MUTUAL INSURANCE
*40 Princess Street
Dial 6047
. .. .. .. .. ...... u u u u U U U •. u U U u U UV
Tex Co __ 597/b 60 !
Un Carb .101 101 j
Unit Airl _ 16% 17
Unit Aire _ 24% 257s
Unit Corp - 2% 2V2
Unit Fruit .—. 54% 54%
Unit Gas Imp- 21 21
U S Indus Chem. 39 -
U S Rubber. 467s 47
U S Smelt and Ref .. 42% 4374
U S Steel . 7772 78%
Vanadium . 15% 15%
:Va Caro Chem- 10 -
Warner Pic .—.... 13% 13%
'West Un A . 207s 20%
' West El . 3074 30%
Woolworth . 4574 457i
CURB
Can Marconi . 1% -
Cities Service . 38 38%
Colon Dvmt . 37s 4
El Bond and Share ..117s 11%
UNLISTED SECURITIES
__
The following bid and asked prices
are obtained from the National As
; sociation of Securities Dealers, Inc., and
other sources but are unofficial. They
| do not represent actual transactions, they
i are intended as a guide to the approxi
! mate range within which these securi
ties could have been sold Jindicated
1 bv the ‘bid”) or bought (indicated by
the “asked”) at the time of com
pilation Dec. 18;
BID ASK
As of 12-18 As ofl2-18
Acme Aluinum Alloys- 5 5 1-2
Ace Aluminum Alloy pre. 11 13 12
Alabama Mills -12 3-4 13 1-4
American Air Filter-13 3-4 14 1-2
American Bakeries Co. — 26 1-2 30
1 Amer. La France F. Corp. 8 3-4 9 3-4
American Trust Co. (Charlotte,
' N. C. _ 695 —
American Yarn Sc Processing
Co. xd _ 13 1-2 14 1-2
Auto Finance Company — 45 46 1-2
Bank of Manhattan - 22 1-2 23 1-2
I Bassett Furniture Industries
1 30 3?
Bausch & Lomb Optical 14 1-4 15 5-8
Bird & Son, Inc. _ 18 3-4 19 3-4
Blue Bell, Inc. .-'- 16 17
Buda Co _15 16 1-4
, Buffalo Bolt Company_13 3-4 15
Butler’s, Inc._ 6 1-2 7 1-4
Butler’s, Inc. 4 1-2 per cent
Preferred _ 21 1-4 22 1-4
Cannon Mills Company “B” 41 42
Carolina Insurance Company 25
Caro Power & &Light Co. 27 3-4 28 1-2
Carolina Power & Light Co.
i $5 Pfd. _ 111 114
Carolina Telephone & Tele
! graph Co. _ 161 —
j Chadbourn Hosiery Mills,
Inc. _ 7 1-2 8
Chadbourn Hosiery Mills,
j Inc. 4 1-2 per cent Pfd- 36 38
! Coble Dairy Products 5 per
| c6m Preferred_ 47 50
Colonial Stories, Inc_ 26 1-4 27 1-4
Colonial Stores, Inc.
4 per cent Preferred_ 44 46
Cross Company _ 2 1-2 3
Chase National Bank_ 33 1-4 34 1-4
Dan River Mills xd_18 19
Dan River Mills 4 1-2 per
cent Preferred xd _ 107 107 1-2 j
Dictaphone Corporation _ 27 1-4 20
Dixie Stores _ 27 1-2 28 1-2
Drexel Furniture Company 14 15
Dwight Manufacturing Company
- 38 1-4 39 1-2
Edison .Thomas A. *,B'* __ 15 1-4 17
Empire District Electric Co.
— —--— 11 1-2 12 1-8
Erwin Cotton Mills xd 19 1-4 20 1-4
Foremost Daries. Inc. _ 12 3-4 13 3-4
Foremost Daries, Inc 6 per
cent Preferred_51 —
Gamble Brothers_ 6 1-4 7 1-4
Garfinckel, Julis & Co., Inc —
- 17 _ j
Garfield, Julis & Co Inc.
4 1-2 per cent Pfd. _ 20 — 1
Garlock Packing Co _ 19 1-2 20 7-8
Georgia Hardwood Lumber
Company _ 21 3-4 22 3-4_. '
Giddings <&: Lewis Machine
Tool - 11 1-4 12 1-4
Cleaner Harvester Corp. 23 7-8 24 7-8
Gordon Foods, Ine. xd 5 1-4 6
Crimnnell Corporation __ 29 1-2 30 1-2
Haynes, P. H. Knitting Co. I
(par $o» xd _22 -
Houston Oil Field Material
- 6 1-2 7 3-8
International Detrola _ 7 3-4 8 3-4
International Textbook Co. 9 3-4 10 3-4
Irving Trust Company __ 14 3-4 15 1-2
Jefferson Stand Life Ins Co
- 27 1-4 28 1-4
Kendall Company _ 37 38 1-2
KLngport Press _ 11 12 I
Life Sc Casualty Insurance
Co. of Tenn. _ 18 1-2 19 1-2
Long Bell Lumber _ 18 3-4 20 |
May-McSwen-Kaiser Companv
_ 12 1-2 13 1-2,
Monumental Life Insurance Co.
_ 40 43 !
Moore Handlev Hardware 10 1-2 11 1-2
Mooresville Mills, Tnc. 13 1-2 14 1-2
Morganton Furniture Company
__16 17
National City Bank of N. Y. 38 39
National Contained Corp. 4 3-4
per cent Prd. _ 59 3-4 61
New Britain Machine Co. __ 25 26 3-4
North Carolina Railroad Co.
_ 195 —
Northwestern National Life Ins.
Co. _ 19 —
Occidental Life Insurance Co.
_ 5 1-2 —
Ohio Water Service Co __ 18 3-4 20 1-4
O’Sullivan Rubber Company
___ _ 3 3-4 4 1-2
O’Sullivan Rubber Company
$20 Pfd. _ 15 18
Peninsular Telephone Co., ~ 43 —
Pidemont R and Norther Rail
way _ 65 —
Pilot Full Fashion Mills xd 10 5-8 11 1-2
Riegel Textile Corporation 42 46
Roberson, H.H. -37 —
Rose’s 5-10-25c Stores - 50 —
Rulane Gas Company (new)
xd & x stk d_4 4 12
Rulane Gas Company 5 1-2 per
cent Pfd. - - - 50 —
Saco-Lowell Shops- 45 47
San Caros Milling- 9 3-4 10 3-4
Scott Sc Williams _ 20 1-2 21 1-2
Seaboard inance Preferred 49 3-4 51 1-2
Security Life & Trust Co., 62 —
Solar Aircraft Preferred 13 1-2 15 1-8
Sonoco Products Company 31 1-2 —
South Atlantic Gas - 9 3-8 103-8
Southern Webbing Mills — 10 —
Standard Forgings - 9 7-8 10 3-8
Standrad Stoker- 21 1-2 23 1-2
Stonecutter Mills - 9 1-2 10 1-4
Stromberg Carlson 4 per cent
Pfd, _ 35 1-2 37 1-2
Talon, Inc. - 35 37
Taylor-Colquitt Comp, xd 38 1-2 40
Textiles, Inc. - I® 1®
Textiles, Inc. 4 per cent Pre
Thiokol Corporation - 2 3-4 3 1-8
ferred -24 ^
Tidewater Power Co. 7 7 1-2
Towmotor Corporation — 16 17 1-2
Twin-Coach $1.50 Pfd.- 24 1-2 26
United Transi - 4 3-4 5 1-4
Vicor Products Corporation 9 10 1-4
Wachovia & Trust Co.- 63 64 1-2
Warner & Swasey Co.-10 1- 11 1-4
LOCAL QUOTATIONS
Furnished bv Allen C. Ewing & Co.
Bid Asked
Aviation Shares .50c _ 5.10 5.54
ACL of Conn. 4.00a_ 52 54
Boston Fd 2.16b_ 19.68 21.28
Carolina Insurancec 1.40a 26 28
Chase National Bk 160a _ 33 35
McBee 40a ex div 10c 6 5-8 7 1-8
Mass Inv Tr 189b ex div.
40c __ 25.13 27.17
National Transit Co _ 4 1-4 4 1-2
Natl Tran Pd & Ma Co
ex div 30c _* __ 6 1-4 7
Peoples Sav Bk & Tr 3.00c 80
Red Rock Bot (Inc.. Ga ) 4 1-2 5 1-2
Security Nat’l Bk .80c __ 27
Standard Stoker 3.00c ex
div 75c _ 21 1-2 23 1-2
Tide Water Pwr Com 60a 7 7 3-4
Wilmington Sav & Tr 2.00c 49 -
a. Indicated annual dividend rate
b. Income and profits dividends paid
in nest 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.
rOTrONTSFFJD OIL
NEW YORK, Dec. 20.— (/P_
Bleach able cottonseed oil futures
closed 50 to 100 higher, sales 75
entraets.
HIGH T,OW I, AST
Mcb . 28.25 27.70 28.00b
Mav . 27.20 20.75 27.15
.Tly . 26.75 26.45 26.85b
Sep . 26.00 26.00 16.00
b—bid
STOCKS FINISH
RECOVERY WEEK
__ %
Increased Buying Attribut
ed To 17 Billions
European Aid
MARKETS AT A GLANCE
NEW YORK, Dec. 20—(^)—
Stocks—Higher; oils lead
selective advance.
Bonds—Improved; rails
marked up.
Cotton—Steady; mill buy
ing.
CHICAGO
Wheat—Strong; short cov
ering.
Corn—Strong; short cov
ering.
Oats—Firm; new record
high.
Hogs—Nominally Steady.
Cattle—Nominally steady.
NEW YORK, Dec. 20— (ff) —
The stock market today emerged
from another recovery week with
the fastest Saturday upswing in
eight months although strength
was selective and many pivotals
exhibited rising reluctance.
Throughout the week tax sell
ling caused frequent stumbles but
reinvestment demand was an im
portant offset. Professionals still
accounted for much of the buy
ing which was based partly on
hopes for a substantial year-end
rally. The list enjoyed a last
minute bulge Friday when the
President announced a $17,000,
000 European aid program. Pros
pects of heavy foreign spending
bolstered numerous issues in the
final proceedings. Rails continu
: ed to sprint on good income
statements and expectations of
rate boosts. Oils led the push
in the short stretch, buoyed by
mounting prices and demand in
this field.
Touching 1947 highs on the
dav were Amewda Petroleum,
which finished un 4 at 100: Beth
lehem Steel un 1 5-8 at 105. Ohio
011 un 1 5-8 at 33 3-8, Texas
Gidf nroducing up 7-8 at 22 3-8
and Chicago Corp. up 3-8 at
12 1-4.
On *he day’s losing end were
Woohvorth, Spiegel, Interna
tional Harvester, International
Nickel. American Can, Ameri
can Tobacco “B,” N. Y. Central,
and Paramount Pictures.
Forward curb leaners for the
Sday included Creole Petroleum,
Woodley Petroleum, Kaiser
Frazer, Louisiana Land, Pante
nec Oil and Salt Dome Oil.
Backward were New England
Telephone, American Gas. Unit
ed Machinery and Aluminum of
America.
On Monday the big board
made it eight successive sessions
without an average loss on 1,
430.000 shares, best of the week
and a maximum since Oct. 24.
There were scant repercussions
from the defeat of the Republi
can deflation bill in the house
but profit cashing by quick-turn
traders stalled many issues. Thej
list ran into offerings Tuesday
and showed an average loss on
1.080.000 shares. It was the first
dip since the relapse of Dec. 5.
Skeptics regarding price con
trols and foreign affairs trim
med accounts.
The market returned to the
upside Wednesday on 1,230,000
shares with rails climbing in re
sponse to rate hopes and grow
ing operating revenues. These
was another setback Thursday
on 1,130,000 shares with adjust
ment of accounts for income tax
purposes receiving the principal
blame. The advance was resum
ed Friday on 1,240,000 shares.
Passage by Congress of the bill
to restrain living costs was un
inspiring trendwise but the big
White House foreign relief plan
SEE KAMER
AND SEE BETTER
Eyes Examined Glasses Fitted
DR. W. A. KAMER
Optometrist
Bulluck Building
Fuel Oil
PROMPT DELIVERY
GODWIN. OIL CO.
Phone 7765
DRUMS - TANKS
“IS ZAT SO?”
No use arguing after an auto
mobile accident.
Let our “All-in-One” Auto
mobile Policy insure you
against practically every in
surable motoring hazard.
COVERS: Liability - Fire -
Theft - Property damage •
Collision - Plate Glass - Earth
;juake - Hail - Explosion
Transportation - Personal Ef
ects - Towing - Riot - Flood -
Windstorm - Damage by Fall
ing Aircraft.
Iff Princess
Street
BONDS RALLY
DURING WEEK
NEW YORK, Dec. 20—W—
Railroad issues rounded out a
seady week with a lively rally
in the ' ond market today.
In the fastest Saturday trading
with a few exxceptions in more
than two years, favored carriers
advanced fractions to around 2
points.
The rails rolled into the final
stretch of the year on one of the
best weekly performances since
August. After an early summer
advance.
Prices hit a peak around July,
held their ground for a couple of
weeks, then started a long slide
downward.
Low for the year was touched
Dec. 9, with the Associated Press
average of 20 representative car
riers ot 88. By the close Saturday,
the averag - had inched up to 88.4.
NEW YORK COTTON
NEW YORK, Dec. 20.—(AP)—
Cotton futures were steady to
day.. Traders were incluined to
await fresh developments from
Washington on price controls and
long term aid to Europe.
Futures closed 70 cents a bale
higher to 40 lower than the prev
iouse close.
Open High Low Last
Mch 35.87 35.95 35.78 35.85 up 3
May 35.60 35.70 35.49 35.55 up 3
Jly 34.54 34.60 34.38 34.44 off 8
Oct 31.57 31.61 31.53 31.54 unch
Dec 30.85 31.00 30.85 31.00 upl3
Mch 30.68 30.70 30.68 30.70 upl4
n—nominal.
NEW ORLEANS COTTON
NEW ORLEANS, Dec. 20.—(#>
—Cotton futures advanced here
today on trade buying and short
covering.
Spot sales amounted to 176
bales.
Open High Low Close
Mch 35.90 36.00 35.82 35.92 up 8
Mav 35.63 35.71 35.52 35.62 up 5
Jly 34.49 34.58 34.39 34.50 up 8
Oct 31.58 31.68 31.52 31.57but> 6
Dec 30.92 31.00 30.88 30.92bup 7
NEW ORLEANS. Dec. 20.—OP)
—Spot cotton closed steadv un
changed. Soles 176; low middling
31.55; middling 35.55; good mid
dling 36.05.
brought a late upsurge. Five
stock exchange seats sold dur
ing the week at prices ranging
from $55,000 to $58,000, with the
latter quotation recorded Friday.
CARD OF THANKS
The family of Rev. Charles N.
Phillips take this means of ex
pressing our sincere appreciation
to his, and our many friends for
their kindness and sympathy
during his illness and death.
Your kindness and sympathy are
more deeply appreciated than
any words of thanks can aver t x- j
press.
Mrs. C. N. Phillips; Mrs. Nell I
Watts, Daughter; Margaret and1
E. C. Watts, Grandchildren.
SUNSHINE _
PASTE PAINTSzf-33
CITY BUILDERS
SUPPLY COMPANY
218 NO. WATER ST.
DIAL 6220
_r- « mm mm*
Get Money For
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Four
The / Million Dollar
jyy|jnuyj|A
201 PRINCESS ST. WILMINGTON, N n
ROGER MOORE W. A. FONVIELLE W, D. JONES
Pres- Sec.-Treas. Asst See .t»„
M. G. JAMES, V.-Pres. j. 0. CARM?
STANDARD PROTECTION
MOORE'S INSURANCE AGENCY
FIRE—STORM—AUTO—BURGLAR—THEFT—LIABILITY
IRA D. FERRELL, Manager
201 Princess Si. Dial 2-8588
——————«—
GAS HEATER SPECIALS,
"COMFORTEER" GAS HEATER
Delivers 25,000 -g g
B. T. U. Per Hour ”
"Haylo" Bathroom
GAS HEATER
Delivers 6,000 ~-g -g ....
B. T. U. Per Hour * JLJl ^
DAVID JACOBI SUPPLE (0.
17 South Second Street Dial 9451