The Charlotte News from Charlotte, North Carolina (2024)

April 5, 1940

Publication:

The Charlotte Newsi

Location:

Charlotte, North Carolina

Issue Date:

Friday, April 5, 1940

Page:

28

Extracted Article Text (OCR)

ONiMiakome ome littftikiMiniliellialFIENAIONICA1010001061ftliaiNVIIIPIAMON ilkONSOMMONAMIMEMPAIMMIIMIONMMMPOOKEIMPRiMinibgeei Oh1MINen1MMMIIIImin10MIME 0111146MMftln61ft0110010MCIMiMMMMOfil PH6NE ws7rou'ADS 4151 THE CHARLOTTE (N C) tares Afternoon Newspaper In The Two APRIL 5 1940 TIVECrY-EIGHT Matters Of Record Realizing Is Overcome In Strong Stock Market Markets At A Glance TELEFACT WEEKLY EARNING OF WOMEN WORKERS (12 INDUSTRIAL STATES SEPT 1938) TRAFFIC ACCIDENTS Car driven by Mrs Cleo Davis 212 Sixth Street struck parked car owned by Sergeant Shur ling 820 Fifth Street last night at 8:20 in the 800 block Fifth Street Mrs Davis reports she had a baby in the seat with ber and hen the baby fell on the floor she tried to catch it she lost control of the car No injuries RI THE ASSOCIATED PRESS NEW YOR Stocks: Steady: profit selling clips gans Bonds: Improved rails receive attention Foreign Exchange: Steady Canadian dollar up briskly Cotton: Narrow mill support Sugar: Firm Cuban speculative support Metals: Firm: smelter copper advanced 1-8 cent a pound Wool Tops: Higher commission house demand Pk 00 4(05 4 LI DRESSES INoT COTTOA6N $2304 9:7 389" 11' ti 0 11 MEN 5 SUITS $16 07 a 4 a a 14 a 411 40'40'40)4N BOOTS SHOES $13 26 STAI 40) 40 0) COITQN DRESSES $1202 Cotton Trade Is Broader Mill Buying Covering 01'144 Sniza 11 Selling ll It LOTT11 COTTON Furnished by Cres pi Baker it Co) Basis middling 7-8 inch 1060 NEW YORK --41P(-- Small net gains in cotton futures resulted from mill buying covering by trade shorts and price fixing today Activity centered chiefly in nearby positions May liquidation hedging and scattered Bombay a rid Southern selling furnished most contracts Lower markets abroad generally were ignored At 2 cottcm futures were unchanged to 4 higher Old: May 1063 July 1041 New: May 1081 July 1058 Oct 989 Dec 973 Jan 969 March 957 Cotton futures generally ignored small declines abripad as mill accounts actively took July contracts di initial trading This demand dwindled later although enough short covering appeared to absorb liquidation and Southern selling Mici-morning prices ranged unchanged to 3 higher May (old) 1063 July (old) 1042 Dec 972 Quiet mill and trade demand held prices steady Ett net advances of 1 to 5 points around noon: May (old) 1064 July (old) 1044 December 9 74 Orleans Co Hari Rallies On Conti Trail 4i7t Demand NEW ORLEANS--(fl') Cotton futures were under the influence of trade buying and covering here today Prices showed net gains of 3 to 6 points in the afternoon May 1039 ur) 4: July 1053 up 4 October 992 ip 3: December 9790 up 6 Match 962 up 4 Wheat Higher dry ueather Corn: Higher Cattle: Steady to strong Hogs: Steady to 5 higher top 11 Ness' York Total sales today Previous day Week ago Year ago Two pars ago Jan 1 to date Year ago rWO years an Net I 2 Chge 2 31 A Done Aire dliPont de 4 ds ma-MIlis 2al -i- 31 4dim Eicp 2'4 1 AT Redact 221v -1- 14FR io man Xd 41401 Cnp 5 F1 Auto Li ailieahLud 14t1 22's la 'El Pea kLI 41 Chm Dye 17R34 ''1 Allied Mill4 14's la! llia4 latnrat it it- tt1 Chm Dye 179'4 iUd Mt114 1414 Allied Stores 9'4 411144Ch Mfg 29 AMA1 La th Am Can 11Ala Am Car Ddv 11734 Am Ch At Cab 22' Am Colortype Am A Fnr Pow 2 Am Az Leath 5 ta Am Locom 21 Am 141 A d3i 13-a Am Metal 24 Am Pow 7a Lt 4's km Rad St 94 km Roll Mill 15'4 Am Smelt 78 Ara km Sti "'dm 31 Am Storea 13'4 Am Tel At Tel17414 Am Fob 9012 km Witt Wks 113a Anaconda 3104 Arm DI 534 Armstrna Cork 4134 AS80 Dtv 814 ktch 24 At1 Coast Line 19 Al Retain-1 23 Atlas Corp 9 1- Hrairbkx Mors Firesin Tkft -1- Is wiintkote lyifsiorence Stove '4- It wood Machinery Is Foter Wheel I '4ilen Am TrA IIS 1n Cable 4- Ill'Ocn Eire t'let1 Motors '415cn Refract Az Rub Gillette Ss( Gimbel Bros Olid Cn Goodrich BP 4 14 Goodyear 4Granby Con Mn 14114 North Ry pf 'Greyhound Corp 1Hecksr Prod '21-ferrules Pond 3sitiouO-Bersh SAiHudsrin Motor II aviat Corp Halt Ohio Pa 4 Bangor dr An In Oil 11 la Bayug Cigar 343a Benda Aviat liVa Beth Steel 8114 Bla w-Knox 1011 Boeing Airpl 271 3orden Co 23'a BorgWarner 24 grabs 12'2 MIR 13 3uerrus-Erie Sra Budd Mg liudd Wheel I Bub: As 31 'a Burling Mills :1 Burr Add 14 lincnk Cent 'Indust I InApirt Conpic 4 Int Aktvc lint Nick Can 18Int VI At Trl II 14 I 'a llo iKennecollt cop enney 'On' Co II I tiiLanibert Co It113-0-1r Glans s1'17tr Mr Aire telow a Inc Liverpool i)pel ines Untler Selling Pressure LIVERPOOL--iiP) Cotton fu- tures declined 2 to 6 points when limited trade demand gave way to hedging and Bombay pressure Spot cotton quiet prices 5 points lower quotations in pence: American strict good middling 844 good middling 804 strict mid- iling 794: middling 784 strict low middling 774 low middling 749: strict good (ordinary 704 good ordinary 889 Futures closed 2 to 6 points lower May 778 July 783: Oct 761: Jan 750 March 746 Weekly cotton st atistics: Fori2 warded all kinds 72000 bales in! eluding 35000 American DEEDS FILED Harton and wife to A Alexander Springs and wife Wilmore Lyde Rice and husband to Bess Embree and husband Sharon Township Plummer Stewart executor to Wilbur Newton Taylor lot of Emma Reid estate Ardrey and wife to Parks Pineville Township The Stephens Co to Hinson and wife Kings Drive Providence Memorial Association Inc to Robert Woodrow McManus Sharon Memorial Park burial lot Providence Memorial Association Inc to Robert Harrison McManus Sharon Memorial Park burial lot Providence Memorial Association Inc to George Willis McManus Sharon Memorial Park burial lot Walter Covington and wife to Mrs Maude Scruggs Rosemont George A Flanagan and wife to Ryan and wife Beatty Avenue Sipe and wife to Craig and wife Oakhurst Heights Long and wife to Annie Long and daughter Welling Avenue LICENSES REVOKED The following driver's licenses have been revoked by the Motor Vehicle Bureau State Department of Revenue The cause was driving drunk unless otherwise stated: John Henry Brown 412 Starr Street Charlotte Joe Steed 2201 Avondale Avenue Charlotte Denton Laurinburg Magness Howard Route Four Mocksville Robert Lee Whitaker Jr Route Two Mocksville John Richardson Red Springs Mrs A Houser Salisbury Curtis Stevens Parrish 2148 Fifth Street Charlotte or Salisbury Everett West Spindale Ralph Grindstaff Spruce Pine Ruby Bumgardner Gastonia Ray Smith Route One Hidden-Cletus Marion Karriker Landis Archie Alexander Sawyer Salisbury Clay Davenport Spruce Pine Morgan Rock Hill or North Wilkesboro COUNTY COURT Pinkney Young driving intoxicated 90 days suspended on payment of $50 and costs James Pre driving intoxicated set for April 12 A Kirkpatrick driving intoxicated 90 days suspended on payment of $50 and costs Defendant given to April 13 to comply with judgment Ralph Biggers assault with deadly weapon set for April 9 William A Morgan violation liquor laws set for April 9 Willis Long assault set for April 9 Coot Nan McCorkle assault not guilty Beatrice Griffin assault not Clarence Porter larceny not gull ty Will Care lock larceny transferred to juvenile delinquency court Theo Lambry leasing and possessing gambling devices 60 days suspended on payment of $40 and costs Weather FORECAST NORTH CAROLINA Fair to cloudy tonight and Saturday: cooler tonight and in East and South-Central portions Saturday possibly light frost in 1101111t8ini tonight SOUTH CAROLINA Partly cloudy and cooler tonight and Sate urday Department of Agriculture Weather Bureau Charlotte April 5 1940 Sunset today 6:47 sunrise tomorrow 6:03 A TEMPERATURE Post Office Airway Station Station 8 A 61 7:30 A 56 9 A 64 8:30 A 62 10 A 66 940 A 64 11 A 68 10:30 A 68 12 Noon 72 11:30 A 70 1 74 :2:30 72 2 74 1:30 73 2:30 74 2:30 73 Highest yesterday Id lowest last night 56: average yesterday 70 excess for month 64 dificiency loi year 323 PRECItITATION Total for 24 hours ending 8 A trace: total for month to 8 A trace: deficie-cy for year 232 normal for month 331 Official Weather Bureau records of the temperature and rainfall for the 24 hours ending at 7:30 A in the principal cotton growing areas and elsewhere: Mar Alin fall Asheville 74 49 00 Atlanta 70 59 58 Augusta 70 61 09 Birmingham 71 61 68 Boston 40 35 JO Charleston 78 55- 00 cHARLarrE 78 58 00 Chicago 43 35 00 Columbia 79 59 01 Denver 56 28 00 Detroit 45 30 01 Evansville 85 40 00 Galveston 81 68 00 Greensboro 80 b3 00 Hatteras 69 56 00 Jacksonville 87 d3 00 Key West 81 74 00 Little Rock 81 56 00 Los Angeles 64 52 00 Memphis 81 52 00 Meridian 71 64 7: Miami 83 71 00 Mples-St 38 31 00 Mobile 78 70 31 Mt Mitchell 52 30 00 Nm Orleans 86 72 00 New York 54 41 18 Raleigh 82 57 0o San Antonio 91 613 00 San Francisco 59 52 00 Spartanburg 78 54 05 Tampa 81 67 00 Washington 47 75 07 Wilmington 83 58 00 Most Gains Are Modest 11ti4ness Anti Political News Still Cheering NEW st ks brushed off profit takers in market and continaed to reach for higher territory Sizable overnight buying orders gave prices 8 boost at the start Offenngs soon halt Ed the wing but volume tapered Fresh support then arrived and gains of fractions to a rouM a point were a shade 1 he majority The revival of Wall Street 's po lit Ira 1 hopes combined wit the growing belief business and industry will turn around and resume the forward march in the next several weeks pimided the principal bulliAi influences brokers said At that traders sho rode the sharp two-day rally inclined to lighten conuMtments as a cautionary week-end measure Bonds were selectively improved sod commodities did better after early hesitancy European mat kets were steady Stocks up at one time or another Steel Bethlehem Santa Fe Central Southern Pacific Boeing Montgomery Ward Woolwort Anaconda Allied Chemical Standard Brands Union Bag Paper Westinghouse and Western Union In front in the curb were National Steel Car Dobeekmun Lane-Wells Bell Aircraft and Todd Shipyards were sleepy roost of the day notwithstanding reports from Detroit that sales activities in the first quarter were reminiscent of 1929 and 1937 sith some observers sugesting an upward reyision in production schedules was likely soon This s'eeit's output of new cars though registered a dip from 103370 units last week to 101- 655 but compared with 87019 a year ago Steels were aided not only by the broadening export demand but by Indications purchasing by domestic sources recently limo shown a good Increase with inquiries from the Middle West topping those from other sections Copper shares while keeping to a generally restricted area were propped by stiffening quotations for the red metal Customs smelters quoted the staple at 11 1-4 cents a pound or 1-8 of a cent above the figure which has been in effed since the beginning of the week Rails were disposed to contest selling as heartening implications were seen in Centrars $10- 000000 equipment order involving 50 heavy type locomotives for fast freight and passenger service It was believed the road about broke In the first quarter against a deficit of $4400000 in the comparable 1939 months A number of low-priced stocks such as Standard Brands were enlivened by bright earnings predictions Money Prices Hold Steady Canadian Dollar Rises In Calmer Trade NEW YORK 'rhe Canadian dollar continued Thursday's fast rally with a broad stride forward today Other foreign monies settled back Into a range unusually narrow in view of the Fweeping fluctuations of the past month or more The Dominion unit rose 5-8 of cent to 83 5-8 cents Foreign money dealers said that while demand for travel purposes was a usual source of strength for the Canadian money covering by short sellers who sold when the unit was headed downward might have stimulated the recovery Sterling rose 1-2 cent and the French franc a comparable amount The guilder and belga were unchanged while the Swiss franc clipped 01 of a cent Late tatPs follow (Great Britain In dollars other in cents) Official Canadian Control Board rates for dollars: buying 10 per cent premium selling 11 per cent premium equivalent to discounts on Canadian dollars in New York of buying 991 per cent selling 909 per cent Canadian dollar In New York open market 16 3-8 per cent ells-count or 8362 1-2 Great Britain demand 357 1-4 cables 358: 60-day bills 365 1-4 90-day bills 355 1-4 Belgium 1704 Denmark 1933 Finland 190n France 203 Germany 4020 (benevolent 1690 travel unquoted) Gieece 67n Hungary 1765n Italy 505 Netherlands 5309 Norway 2272 Portugal 355n Rumania 55n Sweden 2384 Switzerland 2243 Yugoslavia 234n Argentina official 2977 free 28 Brazil efficial 605 free 510 Mexico 1675n Japan 2348 Hong Kong 2227 Shanghai 625 (Rates in spot tables unless otherwise indicated Note Issue Proposed WASHINGTON---(W)--The Illinols Central Railroad today asked the Interstate Commerce COMMiSFiOn for authority to 1sue $4- 734000 of 2 1-2 per cent equipment trust certificates The Illinois Central proposes to use the funds to purchase equipment it already has obtained from the American Car Foundry Co under lease agreement AVBBER STAMPS NOTARY AND CORPORATION SEALS TINS 311S r- 340 pOUND MOORE CO 18 5134 B10914 31314 371 rooft Inc 3774 'OtIP Star t4 tortliard iPt 2t'a iack Trucks 31 4 Ailey RH Co 28a 1tittey RH Co 23a Vtarsh Field 1474 a lentil 01 4 VeLelain Str t4Nitimi Cop talWid-Cont Pet 1534 10 qinn-Moline 141Viontgo Ward 553 Motor Whee 1Fr" 14Murary Corp 781 1- islaah Xelv a1 Nat Aviat 15s4 Nat Bikcuit 231a 11Jat Cash It 1474 latstat Pr la 11iNat Ettstill 26'a Nat Oypsum 4 14 NM PottAlt A34 '41Natt gteel 31111Nat Sopptv INept Indui 13 iitiNlt Central 17 'I A AO 3n North Am Ca '44 1- in Northern Pa -t 4- Oil 74 I1 Myer ICtl 23 1413tia Steel 1114 II )tvens411 01 6214 41 4 0 4 0 4 1:519 41 Science ServicePictoria! Statistics Inc is Background Of The Market NEW YORK A traditional harbinger of better business appeared this week as corporate security issues for the purpose of obtaining new capital increased sharply to the highest total since last July Poor's Publishing Co reported today that public offerings of new security issues during the week ended yesterday totaled $49315540 About 47 per cent of the week's total represented a demand for new money rather than refunding of old debts Nearly all the new Issues sold during the week were corporate securities Stock financing was the second largest for any week this year While one week's offerings are not conclusive a continued up-trend in new corporate financing Wall Street circles believe would definitely brighten the business outlook The total for the previous week was $45640374 for the same week last year $32966000 Pittsburgh Plate Glass Co will soon begin construction Of a new t350000 paint plant at Houston Texas to serve customers in that area it was reported today The factory to be built on a 21-acre tract acquired last Spring will be a complete manufacturing unit for paints varnishes aria lacquers London Stock Prices Rally Paris And Amsterdam Markets Also Impreme LONDON-441--A sharp rise In Dunlop rubber shares touched off rises elsewhere in the securities market today The industrial division was especially stimulated Government bonds added 1-16 to 1-8 point Domestic rails recovered part of Thursday's losses rnd kaffirs moved up late in the session when stock came out solely A forward dash in Royal Dutch encouraged buying in other oils Foreign loans where changed inclined upward PARIS---(cP)--The Bourse reacted favorably today to news A majority of radical Deputies had opposed agitation against the Reynaud Government Domestic and foreign equities shared the improvement Rentes closed 13 centimes lower to 170 higher AMSTERDAM American steel shares turned forward after an irregular start in the Bourse today but changes at the finish were small Domestic equities followed the same pattern with fluctuations limited to 2 points either way Honor Society Elects Officers Delta Psi chapter of Alpha Iota International honorary business sorority at Queens College elected officers for the coming year They are as follows: Misses Caroline Miller of Charlotte president Helen Cochran of Charlotte vice-president Elizabeth Imbody of Charlotte corresponding secretary: Ann Mauldin of Charlotte social secretary Jane Montgomery of Reidsville treasurer Annette McIver of Charlotte chaplain: Miss Ann Vann of the Queens faculty historian Naomie Rouse of Charlotte marshall: and Miss Virginia Hutchison parliamentarian Members in this sorority are chosen in regard to leadership scholarship character and service CCC Receives Praise Of WASHINGTON The Civilian Conservation Corps received President Roosevelt's congratulations today on the seventh anniversary of its establishment Noting that more than 2400000 young men have been enrolled in 4000 camps since 1933 the President wrote Director James McEntee "Best of all is the fact that while enjoying the advantages of security discipline and a well-ordered life these youngsters have planted more than 1700000000 trees have constructed more than 100000 miles of trails and minor roads have built 75000 miles of telephone lines and spent more than 5000000 man-days fighting forest fires" An ad in the lost and found column of The News find lost valuables quickly Phone your ad to 4151 Say "charge" it Calif Pack Iiit 234 aJume 11 71-4 Can CI Me Caned Pc 6 Cannon Mills 39 Case JP Co Caterpil Trio 61 's Celanese Cp 323 Cerro de PII3 3314 Certain-Id 7's Ches Ohio 4114 Co 6 'a Thrysler Co 891a 1211 Colegate-P 19 Colum 734 Com' Credit 464 Corn Ina Comi Sole 1614 Corn i Sou 1 Com' 8 Pt 6614 Consol Aire 29'4 7ons Edison 9212 Consol Oil 73s Container -Co 1126 Cont Pak of 934 Clirt 483h Con 011 2 Corn Product 9114 Crane Co 9114 Cram era Sz8 38 Curtiss- Wri 1014 Deere Co 231' Del Hods 20 Del Lack Distil C-Sesz 18's FIRE ALARMS 9:48 A M-318 Bruns Avenue occupant Helms cigarette slight damage 8:34 A M-707 Third Avenue occupant Bessie Williams children playing with matches no damage 5:18 815 Clanton lot Green Patterson occupant spark on roof no damage 3:06 Austin Street occupants Sallie Washington and Jimmie Simmons spark on roof several hundred dollars' damage CITY POLICE COURT Ed Price Negro 306 SMcDowell Street assault eighteen months on the roads to run consecutively with previous 30 day sentence George Spoon Jr 1728 Pegram Street larceny of automobile hearing waived bond $500 Walter Vaughn 517 35th Street larceny of automobile hearing waived bond $500 Connor Negro 410 Caldwell Street attempted crime against nature two years on the roads i Jack Crawford Negro 1223 Vogel Street disorderly conduct 30 days in Jail Horace Little 112 Graham Street larceny 60 days on the roads to run consecutively with previous 30 days sentence Dick Piel Jerome Ga occupying room for immoral purposes fined $15 and cost Vera Gregg Beech Creek oecupying room for immoral purposes bond 'forfeited Jimmie Johnson 912 Fifth Street occupyipg room for immoral purposes bond forfeited John Brown Negro 830 Me-Dowell Street fifteen days in jail sustrnded on payment of cost tind does not molest prosecuting witness Johnnie Johnson Negro 920 Seventh Street assault with deadly weapon warrant withdrawn on payment of cost Erskin 1905 Seventh Street traffic violation fined $1 no city tag prayer for Judgment continued Liddell Austin Negro 318 Eighth Street defective brakes fined Willie McGill Negro defective brakes fined $10 and cost Jack lyn Thompson 421 1-2 Church Street occupying room for immoral purpose bond forfeited Mary Jackson 509 Poplar Street occupying room for immoral purposes bond forfeited Pauline Mard 421 1-2 Church Street occupying room for immoral purposes bond forfeited Joan Thomas Miami occupying room fore immoral purposes bond forfeited Waldo Brown occupying room for immoral purposes bond forfeited Leverne Swett 900 Brevard Street larceny six months on the roacts suspended on condition no violation for two years Jack Swett 933 Calvine Avenue larceny six mAiths on the roads suspended on condition no violation for two years Robert A Gettis 1209 Grace Street conspiracy nol-prossed Woodrow Foster 808 Graham Street trespassing and assault 30 days in jail suspended on condition he does not violate the law for six months and stay away front prosecuting witness house in both eases Walter Kennedy Negro 213 Davidson Street assault 30 days In Jail suspended on condition he does not violate the law for six months Progressive Bod Endorses Grad' GREENSBOR0-41---Wi11iam Dalton of Reidsville announced today the North Carolina League for Progressive Democracy had endorsed Paul Grady of Ken ly for Governor and Lester Martin of Lexington for Lieutenant-Governor Dalton is chairman of the LeagUe's committee on examination of candidates "The choice of these two Mandard bearers was made" he said "after invitation was given all the candidates for the two high posts to appear And express their ViPW3 on the leagues definite legislative program "They were chosen because of their forthright approval of the program and their pledges to publicly champion it in the primary campaign and to work to put it Into effect in event of election" rank tpanneu 110 Speak At UNC CHAPEL HILL Frank Gannett Rochester newspaper publisher and a candidate for the Republican Presidential nomination will speak here Tuesday night under the auspices of the Carolina Political Union nonpartisan student organization at the University of North Carolina Missing Chihlren Are Located In Georgia Thelma Schliestett 15 and her brother William 12 who left their home near Huntersville Wednesday night were located last night near the Georgia-Alabama line according to County police A local search had been Conducted for the youngsters but last night their father notified 'the police that they had been found and that arrangements had been made for their return A 2000-ctibie-foot 'Crypt of Civilization" will be seeled this veer at Oglethorpe Ga University to be reopened on litRy 28 8113 $513 Stock List 980000 1994360 836530 Closed 828200 52009038 70387257 66152810 Net 1 Net Chge I 2 Chge a 11 "ile Mills '5 1 's Mot 3's Irii -4 I Vlatam Pieh Vts li 40 le 'lathe Min) 64 ratinm 64 1''I Penney 1JC 1 ii3l' 'Penn 225s A I ILIPetrol Corn als -4- lit 47 20's 'Iss :17 n214 19'4 valPetrol Corp 8 'm IlThelps Dodge 2714 Morrim 93 PhhpM Pet ll934 Met ce oil pt9'm 111 Pitt See Az lilt '11 -I- 1 1Presi-d Steel Cat 13' 1Pun Sic NJ 42' 4 4- 14 Pullman 28 Pure 011 10 6314 11'm 3V4 47'4 570p 32 M14 10s 1838 Wal 24'6 83m 17 II It Radio Corp Am 12 Rai-Keith-Orp Rem Rimd Repub Steel Tob 7 I'S 10's 22's 42 's -4- I a -4- I 14 ildreway 5214 I iichenler Distill 1414 eaboard 184 Sears Roebuck 87's I i'ervel Inc 1418 Union Oil 413immons Co 224 ISocony Varu 12 4 1114 99 15 ets 8 "riouthern Pc 14 iSouthern Rv ISouth ftv 3t 30 12 4 Sperry Corp 462 7' 3picer Mfg 30'2 141 4 std Brand 13td Oil Cal 21'e Std Oil Ind 28 4 Std Oil NJ 4312 9teWartWe (114 Stone Az W5 II 7tutlebnker lr ift Az Co 22'2 371n 214 'a Tenn Corp Texas Corp Tex Tide Wilt A Tirnk Det A TirnK Boll a Twent 1r 6'n 478 34' 4 II to 25 11711 -4--4- '1 4 le 1411In 14 14iUnion Carb 8112 Union Pae 90s United Air 2114 1 United Aire 50 United Corp United Drug 612 i Unit Fruit Pol United Gas I Gypsum 852 'tills Ind Alto 257 4 3 US 36 1 Rubber 273 8 Steel 62'a 4- sa 4 1 I 2 'a 1-114 4- 34 Van Raahe nv4 Vanadium Cp 37 Vick Chem 46 1 14 1 1Ws 'green eo 2238 141Wa1wurth Co 6 leiWac Br Pict 238 West Tel 25 Westinz Air 247 Ittltt 1151'4 141White 1278 At Co 4 Wootworth 42 iWorthington 20'I Ye How Truck 168 1 Shttel" 44 11 71 II -4- 1 2 4 1 Zeno 171i 4- 's Principal Markets are preparing Fall lines to be opened in a few weeks Silk goods trading remained dull Despite sales promotion by leading manufacturers full-fashioned hosiery business continues slow Oti tptit Eases Automotive Reports today estimated the current week's output of motorcars and trucks at 101655 units compared with 103370 last week and 87019 this week a year ago The trade publication said that complete March reports on retail deliveries 'surprised nearly all factory executives and may conceivably bring 80MP upward revisionc in MR nufacturing schedules In forthcoming weeks" 3 'd 11 I 14 11 II Bond Market Extends Rise Rail Issues Lead In More Active Dealings NEW YORK Corporate bonds advanced today In a fairly active market Gains of fractions were general with rails receiving the major portion of interest Government's slipped by small degrees in limited dealings Some of the declines ranged around 1-4 point Foreign Government dollar loans were irregular with new South Wales and Brisbane issues among the active gainers while Italian loans fell off Leaders in the rising corporates included American It Foreign Power 5s Bethlehem Steel 3 1-2s Burlington 4 1-2s Big Four General 45 of '93 Erie Convertible 4s Puerto Rican American Tobacco 6s International Hydro Electric 6s Penn Dixie Cement 6s and Goodrich 4 1-2s Trade News Dividends Furnished by 1 BACHE Co NEW YORK Dow-Jones summary: Sales of new cars and trucks in domestic market in March rose to third highest level on record for that month Fertilizer tag sales during March in twelve Southern states were 4 per cent over March 1939 and for January-March period were 3 per cent over same 1939 months General Electric first quarter orders up 122 per cent over 1939 period Gulf Oil to build $5000000 addition to Philadelphia plant Chain store sales compared with year ago: Grant up 131 per cent Green up 189 per cent McCrory up 216 per cent Newberry up 23 per ccnt Woolworth up 192 per cent Standard Oil of California 1939 net equals $136 per share against $220 in 1938 Bank clearings show Increase of 137 per cent over 1939 week Lion Oil Refining reports March shipments of gasoline largest in company's history Montgomery Ward sales first two months of year up 143 per cent over 1939 months Commonwealth Edison dividend 45 cents common New York Central orders equipment to cost $10000000 pays off $4000000 bank loan Tilo Roofing cash dividend 30 cents and stock dividend one-half share of common for each share outstanding Opposition develops among Curtiss-Wright stockholders to proposed merger with Atlas Corp Unofficial estimates place at 25- 000000 yards the volume of orders in Worth Street textile market yesterday United States Government economists say wholesale commodity prices apparently near bottom of decline and may show moderate increases in relatively near future Flintkote and subsidiaries twelve weeks ended March 23 net equals 17 cents a share compared with 15 cents in same 1939 period Position Of rji Treasury The position of the Treasury April 3: Receipts $1612625771 Expenditures $3610753964 Net balance $250839556 02 Working balance included $1788- 74467276 Customs receipts for munth $2- 62650566 Receipts for fiscal year (July I) $447994367163 last year $4430- 51000938 Expenditures $724884472056 last year $691906162435 Excess of expenditures $2768- 90104893 last year $2488551- 61497 Gross debt $4258007385340 last year $40039032849 27 Increase over previous day $7- 87543030 Gold assets $1847029292402 last year $1526968826590 Chicago Butter And Eggs Butter 981810 steady creamery-90 score 27 89 26 3-4 88 26 1-4: 90 centralized carlots 27 other prices unchanged Eggs 29274 firm fresh graded firsts cars 16 1-2: dirties 14 1-2 chocks 14 1-4 other prices Spot Commodities Quotations From LIVESTOCK Hogs (Chgo top) cwt Hogs (good to choice 160-240 lbs Chgo) cwt $4 90-S510 Cows (cutter Chgo) cwt $4754550 Ste(rs (fat medium Chgo cwt too S8004050 Heifers: (short fed best Chgo) cwt 900 Vealers (light medium to good Chgo) cwt $7504850 Steers 'Medium 1150-1150 lbs short fed cwt s825-S150 Cows (beef Balto) cwt $550-V00 Hogs (top Barte)) cwt S560 Gilts (good 170210 lbs BMW) cwt $533 60 Rocky Mount hogs (top) cwt $490 Is Dull MANCHESTER Cloth and yarn quiet with very little business doing Drought Aids Wheat Prices New Crop Comfracts Lead 31oderat4e Upturn of the dry spell in he Southwest accompanied by freezing temperatures with no signs of moisture relief in he imna ediate future lifted wheat prices a round a cent today to the best levels in more than a month for contracts representing the new crop Although reacting from the day's highs due tel profit taking wheat closed 1-2 to 1 1-8 cents higher than yesterday May $108 1-8 to 106 July $105 3-8 to 1-4 corn 3-8 to 5-8 op May 57 3-8 to 1-2 July 58 1-2: oats 1-8 to 1-2 higher Cash wheat prices today were 1-4 to 3-4 cent higher and the trading basis was firm July and September wheat futures representing the new 1940 crop advanced slightly more than a cent a bushel at times due to unfavorable weather and pessimistic crop reports in the domestic Southwest At early highs of $195 1-2 and $105 these two contracts were at their best levels in more than a month and within fractions to 2 cents of their seasons peaks May wheat representing the old crop also advanced abou a cent at times but hedging of loan wheat tended to restrict gains and quotations for this contract as well as the deferred de liveries eased back frequently to a bout 1-2 cent above previous closin levels Continued strength in Buenos Aires wheat prices which were up cent today on op of 3-cent gains yesterday attra cted attention here Cables indicated heavy shipments of wheat from Argentina this week reducing exportable supplies to comparatively low levels considering he fact that the season is only three months old strengthened that ma rket Exports exceeded 4000000 bushels this week more than double those of last week Corn prices as well as oats and rye advanced with wheat rye rising about a cent A sharp drop in corn receipts to only 39 cars the smallest in some time attracted attention Lard prices were about steady with hogs Jun ior-SenitIr Banquet 1)1 aimed The annual banquet at Queens College will be held Saturday night April 27 at the Hotel Charlotte Tebee Hawkins and the Clemson Jungleers will play for the banquet Miss Jean Ferguson of Riverside Ill is chairman of the event The program will be made up of songs by Miss Frances itidche of Columbia a member of tne Junior) Class dancing by members of the Henderson School of the Dance and music by' the cortArss AND FLOUR Wheat (cash No 2 hard Chgo) hu $107 3-4 Corn (cash No 1 yellow Chgo bu 59 1-2-60 3-4 Oats (cash No 2 white Chgo) bu 43 3-4 Wheat (red Winter No 2 bu $114 1-2 Flour (family 98-1b sacks cars Minneapolis bbl $6604680 PROVISIONS Lard (tierces Chao) cwt $572 3ellies (Chgo) cwt $512 Butter (92 score NY) lb 28 1-4--1-2 Cheese (state wriole milk flat fresh NY) lb 16 1-2 Sugar (refined NY) cwt $450 Sweet potatoes (Nancy Hall No 1 Ballo) Wt 85-90 Potatoes (Md round whites No 1 Da Ito) sack mt $1604175 MISCELLANEOUS Eggs (white excg standards NY) do 13 1-4 Eggs brown excg standards NY) doz 18 1-2 Dressed poultry (fowls fresh 36-42-1b boxes NY) 11 1-2-16 Live poultry (fowls freight colored NY) lb 13 1-2 Turkeys (dressed frozen hens Southwestern NY) lb 12-21 Cottonseed oil (prime crude) NO lb 05 5-8 Turpentine (Savannah) gal 30 Rosin '11" (Savannah) cwt $515 Copper (spot electrolytic NY) lb 111-2-1-2 Zinc (hpot and fwd St Louis) lb 05 3-4 Hides (spot No 1 Westn light native cows NY) lb 12 3-4 Print cloth (38 1-2 64-60 535 NY) yd 047-3-05 Silk( open mkt Jap xx 81 pct 13-15s NY) lb $2" 1-2 Higher Textile Prices Resisted NEW YORK-14)--Business in gray goods slowed down considerably today Another mark up in prices by various mills met some resistance with 38 1-2-Inch 64)60 535 yard print clothes available at 4 7-8 cents a yard in a few quarters but other mills held for 5 Bookings were fairly broad in spun rayons fabrics for muting twills and satins Pigment taffetas were less active while substantial sales of sheers were made at firm prices Aside from occasional itales Mummer fabrics the woolen goods Market was at a standstill Mills I 'I 1 IPM111EVIST WOMEMOIWimeemminblitelanWMINOWNWISONNMED571VraMiNE InTIMIMPOIMEIMM11111toffsbmilIn.

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