Florence Morning News Newspaper Archives Dec 2 1953, Page 11

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Florence Morning News (Newspaper) - December 2, 1953, Florence, South CarolinaWednesday december 2. 1953 the Florence morning news Florence 8. C. Facett final a Arket report financial new York dec. 1 a Early in tile Stock Market to Day gave Way before late strength that resulted la a slightly higher close. The amount of the net gain was but that was More than off set by the manner in which the Market displayed strength. In the two previous sessions the Market was quite Strong advancing to the Best position since the recovery started from the mid september Low of the year. Consequently there was no sur prise in Wall Street today when the Market began to Sag. The de Cline never got very far. Spots of resistance to the fall came into evidence within a Short time and then whole sections of the Market turned ahead. Ability of the Market to Wade through profit taking and then to resume its climb in or session was heartening to the b1 ish ele ment in Wall Street. And right now the ranks of the bulls Are crowded. Railroads were out in front of the move and they had plenty of support from the steels rubbers merchandising shares farm implements radio televisions and lines. Motors were not distinguished nor were coppers aircraft and chemicals. In key sections of the Market Price changes went from 1 to Points higher to around 1 Point lower. Packard motor car was the Day s most Active Issue with a loss at. 4. It was the Only Stock to decline in the list of ten mos Active. It was followed by pan Ameri can world airways up . Steel up at 383a, Northern Pacific up ivs at and Decca records up is at Minneapolis Honeywell lost 1% and the preferred was Down at 120v4 after directors declared the same comon dividend As a year ago and called the preferred for redemption. Among stocks getting ahead to Day were Bethlehem steel Good Rich Sears Roebuck Caterpillar tractor Philco consolidated Nat ural Gas american smelting Baltimore Ohio Atlantic coast line cities service and Heyden chemical. Stock averages c0mvlle4 b7 the associated press to 15 15 80 ind. Halls Lull stocks new York dec. 1 a Cotton Chicago. Dec. 1 us a Strong futures closed 50 cents a Bale High-1 buying movement sent All grains to 30 cents lower today. The rolling upward on the Board of Market was slow with traders Dis Trade today. Over the Lack of Active demand appeared first in soy Cotton Grain Over the Lack of Active Lemand for Cotton goods and the aging Market for Export Cotton. In the final hour new crop months advanced briskly to gains of almost is a Bale As Short cover no found offerings scarce. By the close half of the gains were lost. Juying was credited to traders who had sold new crop months on monday on news that a two Price plan might be proposed for Cotton. In the Lafe rally today old crop months lagged and by the close lad backed Down almost to the own of the Day As hedging and Tiqui Daviou increased. The government weekly weather report said that the harvesting of the Cotton crop in Northwest Tex As made rapid Progress with mild open weather. In most of the main Belt operations Are practically completed. With respect to the 1953 crop situation most traders anticipated some increase in the next govern ment estimate to be issued on dec. 8. The november official forecast Beans All 1853 contracts of which went to new highs since trading in them started. All lard deliveries livestock them started. All lard deliveries Down by very Large also were at new peaks enjoying top of paid for a a very Sharp Advance. Several 15 umber the kind of uses emf v the raft lots of up Here Parks. A up we s Short Load was 15 cents under the Peak set by a Short Load last Fri Day. Eastern order buyers again gave hog Market Good support. Ship pers took head and the Avail Able offerings were cleaned up Early. In the cattle Section a two Way Market developed. While Choice pers took 3.000 head and the Avail Able offerings were cleaned up higher. Wheat May july. Corn was Bales. Futures closed 50 cent a Bale he scr to r mures Fiaseu Jav Tama 30 cents lower than the previous close. Open nigh Low close . Dec.32.99 33.03 32.97 32.93 mch.33.24 33.31 33.24 33.26 May .33.39 33.47 33.38 33.w jly.33.20 33.26 33.19 33.2 oct .32.28 32.34 32.2b 32.46 dec.32.29 32.52 32.28 32.43 mch.32.39 j2.64 32.39 32.55n 9 May .32.44 32.03 32.44 32.59b 7 410 33.s5n unchanged. Cotton textiles new York. Dec. 1 the Cotton textile Market today converters bought mostly fill in lots of print cloths and a few cloths open High Low close 2.01 2.0h4 1.98 .2.04 i 2.04 i .2.03h 2.06h 2.0334 .1.93 1.371k 1.95 .1.97 1.97 2.06 i 1.97 1.99u May july. Sep. Oats Der. Mar. May j a sep. Kate Der. Mar. May july. Soybeans Jan. Mar. May j1.v. Sep. .1.5614 .1.60 1.60h .76 i .78h .77 .741. .73 .1.11% .1.24 .1.26v4 1.57h 1.61 1.5ih 1.60 k 1.51 i .77mi .7911 .77-h .74 s .73 i.56h i a t l6114 1.52h .76 .761fc .7ihfc .76 i .731. .74u .73 .73 1.21w 1.1m4 1.21 1.26 1.25mi 1.29 1.28u 1.30h 1.30vs .3.11v4 3.131i 3.11v4 s.12v4 .3.10m, 3.13v4 3.10v4 3.12v4 .3.0714 3.10v4 3.07vi 3.1014 .3.04 3.05v4 3.03 3.05v4 .2.62 j.63 j.39v4 2.62v4 in the Callie Section a two Way Market developed. While Choice and prime steers and heifers held steady to 50 cents higher All other types moved slowly at barely steady top was for prime fed steers. Net Tum .114.1 Trev. Day .144.j week .142.0 month .142.3 year Ajo .146.7 1953 Hlll 1953 Low 1952 High 1932 Low .151.8 .130.2 .150.9 .131.1 1. 2.0 81.9 79.9 79.3 93.6 73.5 94.8 86.7 55.4 109.5 53.4 109.5 s5.0 107.6 54.5 107.4 54.7 112.5 55.5 116.3 50.5 99.5 54.8 115.7 50.7 97.0 allege corp Al Allisch off am Airl am can am Fly am Tob am Woolen 3h Loews inc 74v4 Lorillard p 44h Lowensten k s 2v4 my Kab 1 39 Mont Ward 34v4 Nash Kelv 1h4. Nat Bis 157v4 Nat Cash Bez 54h Nat Dairy Nat dist 25% 32 38w 5714 35tt m open Anaconda cop 31h Nat Linen 9v4 Cotton futures new Orleans dec. 1 futures Ware mixed Here today old crop months declining under Long liquidation and Dee be Hng while the october position Allied on profit taking by shorts. Closing prices were steady 50 cents a Bale higher 20 Cen lower. Dec. Rich. May july spot Cotton new Orleans dec. 1 cot or Liln ask Loci by cent acl no am alatau ref Uto Avo off 5 Owens c fib Baldwin i. M pack Mot b for o Param Pelcl Bendix 6h4 Penney j c Boeing Alrp-1 46 Penn or Borden co 7k Pepsi cola Borg warn 73v4 vhf Olups pet Budd co Pitt Burl Mills 11 proct 4 Gam Bur add men 14h Pullman co Cannon Milli pure Oil car p l. 40 radio corp Case j i 15k bad k o Caterall trac 4ih4 Reeves Brot celanese corp Rem Rand Chei o re pub us Chrysler corp 63v4 Reynolds b coca cola 110 seab Al he come credit 36m Sears Roeb come solv 17v4 Simmons co cons Edis 41% Socony vac cons Vultee 16% Sou car e1g cont can 56ys Southern co 16 Corn t Rod 7414 Sou Nat 27? Cruc St s4v4 Sou Pae Curt Wright 8vi Sou Curt Wright a std brands Doug air 79u so Oil Cal Dow chem 3814 std Oil no by Pont 106v4 Stevens j p East Airl Stewart War Eastman Kod 46v4 Swift i co Erie Row Tex co Firestone bub 64 text Ron corp v Orida pm 28% went c Fox Frueh Traun Carbide Cen Basco in Pac Gen eel unit airline Gen foods 59% unit air Ges Mot 59% unit corp hidden co 29 unit fruit Goodrich rub 7814 us rubber Goodyear. Rub us Sec 40v it nor by of 49v. Us steel Grey bus 14 Vanda corp Gulf Mobil 30 Vick chem Gulf Oil 44h a car chem int Hirv 28 Warner plot int pa7er Wesson ois int t t t 14v4 West Johns Man 62% West Al Kennicott cop 64% whee sew m Kresse so 33w Over lib me lib 9 Woohg f w Lagg m 68 Young shot Lockheed at 27w new York dec. 1 a . Sloe 1952 to Date 300.m to Date 1950 to Date 1949 to Date new York. Dec. 1 Ameri can stocks Uota Timons Alaska airline i am meter bunk Hill pc c to Duke Power .-n7. Al Bond i so Ford Mot can a Ford Mot Ltd Hazeltine on incs co n am Al pen Road approx sales today 400.000 total Staci year ago 544.740 19% 4 78 18 13% 6% 43 46 3 13 4bw 40 i 42 30v4 34 38v4 42v 27 so 72 26 414 4 i m 7 112 23? 43v 2814 24m 431 51v 16v 43m 3954 ass dec. Jan. So lefty easier. The popular 80 Square Rint cloth sold at 18w cents a Yard for pot with the Mill Price holding at re ordering of Spring woolens and Wor eds was slow in the Wool goods Market Here was More talk that fall 1954 lines 111 have to be raised because of higher a Wool costs. Australian Wool Market Ere mixed according to private advices. In Rayon goods another leading producer posted prices on acetate filament yarn be to two cents a Pound on most numbers. The company however reduced quotas be cents a Pound compared with previous Sling on 45 to 55 denier yarn. New York. Dec. I cottonseed Oil futures closed 11 to 9 higher ales 101 Cou Racli. .16.2 16.17. He .15.95 15.86 -1 .15.67 15.65 15.608 a. .15.25 15.20 15.15b closing Jan 54 16.10n, sep 14.50, 3d. 14.30. July. .15.65 .14.70 .14.50 .14.60 .14.55 16.55 15.85 15.50 15.20 15.10 15.is5 14.70 14.50 14.60 14.55 16.55 15.45 15.25 15.05 14.90 Bonds open nil Low Loie . 32 98 32.98 32.95 32.94b 4 ,. .33.27 33.33 33.27 33.28 1 33.43 33.50 33.42 33.43 3 33.20 33.21 2 32.54 32.31 32.45 new or dec. Ton closed Bale lower. Sales Low middling 2s.oo Mledd Lunf 3250 Good old Cluni 32.90. Receipts Stock _ new Orleans dec. 1 tap the average Price of middling 15-16ths Inch ipod Cotton at 10 designated Southern spot markets today was 15 cents a Bale lower mar at 34.74 a Pound Day at 34. A to week ago 32.92 month ago 32.65 year 34 23 average Tor the Pait 30 Market Day was 32.70. Midd Long 54 Inch average 31. 16. Sales Bales. State Market today news Columbia state Farmers Market about steady Supply steady demand fair. Cab base plants 1.50-2.00. Collards 1.25. Green onions 1.00-1.50. Mostly 1.25. Mustard salad 100. Turnip salad 1.00-1.25. Orangeburg Holly Hill area Pota toes steady Supply Light demand Attr. Porto rican no. 1 by bits 2-75-3.00. Eggs prices paid producer and hand Ler for ungraded eggs local Grad ing Columbia Market steady sup. Ply adequate demand fair Large sj-57, a Cauin 45-48, Small 40. Hartsville area 5rge 58-61. Medium 56-58. Small 40. Green Ville area Large 55-57, medium 4447, Columbia fryers 2s3l mostly 26 heavy hens 25-26, mostly 25 fryers steady plentiful demand fair Hen. Weaker Supply plentiful Lemand fair to Good. Greenville fryers 26 n keys farm Columbia ares Market firm on Broadb cast Brue hens steady on Toms Short demand on both Henri 40, Toros 30-31, mostly 31. York. Coun to arca Beltzville White hens and Tom 38, Market steady Supply Light demand Good Broa breast Bronze hens 38-40. Tom pm Market firm Supply Short demand Columbia wholesale Sleade Supply Light stuarts 12-17. 12 Mecys 14-20. Seedlings 12-14 lexus ton Market firm Supply Light stuarts 16-18. Blends 12-15, Schley 13-20, seedlings 10-15 Orange Kirg old heavy. Stuarts 16-18. Blends in Schley 10 20. Seedlings 12-13. Florence area Market steady Supply heavy Stuart. 15-17, few to report. New York dec. 1 among utilities depressed the corporate Bond Market today. Treas try Bonds were steady. Volume on the big Board slipped to Par value from yesterday As the corporate list edged into the minus column. Utilities were subject to year end profit taking said some Deal ers. Industrials and railroads while mixed also tended to dip. U. S. Government Bonds barely budget. The 30-year were unchanged at 103 r.0-32 did As were Victory 2v4s of 1967-711 at 94 24-32 bid. New z As of 1961 Rose 2-32 at 100 31-32 bid and the 2hs 1958 Rose 1-32 at 100 12-32 bid. Foreign liens were quiet. Selective trading resulted in few changes of a Point or More. Strong exceptions were Delaware Lacka Wanna Western incomes up 2% Points at convertible and in come obligations were generally steady. Rising a Point or slightly More were Pittsburgh West Virginia 4vis at 1660 at 99, Denver Sal Lake 3s at hkh4, Wabash is a Union electric of Missour 3-Ybs at and Swift co. At 96. Down a Point or fractionally More were Florida East coast 5s at 97v4, Missouri Pacific 4s at Pacific Gas 3s of 1970 at 97, Detroit Edison at Philadelphia electric s As at 101, Northern states Power of 1975 at 92 a and Pacific Telephone at new York Dee. 1 Bond sales. In dollars approx. Final total today previous Day s33k ago Richmond vtt., eo6s tuesday s Mykel is steady top Milne at 23 00 for Good and chore 200-j in Barrow and gilts. 120-140 in 11 1.00 140-im in 19 50 160-180 Iii 21.501 180-200 a 22.50 in j275 2w-270 in 22.00 270-300 feb 2150 sows ind or 350 in 20.00 35-500 in 19.00. No others markets at a glance new York. Dec. 1 api lower changes narrow. Irregular rails and utilities in sup lower Light Trade Selling. Strong aided by strength in other grains. Stocks Din new yoi1k, dec. 1 a tors to Advance declines unchanged total issues new 1s53 highs new 1933 lows although the Auto Industry is the product of the 20th Century Leo Ardo a Vinci in the 15th Century a the possibility of making an Uto mob be and several steam vehicles were built in the 18th Cen Ury. Month ago closed year ago two years ago Jan. 1 to Date 1952 to 1951 to Date Bond averages by the associated press 20 10 10 10 10 balls ind. Utah. Fen. . Net change tues Prev. Day week ago month age year ago 1953 High 1953 Low 1953 High 19s2 Low 83.9 96.6 94.0 96.6 84.0 94.1 96.7 96.0 98.5 95.7 98.6 90.6 94.3 96.4. 99.1 92.1 _ 96.1 80.3 102 .1 96.1 80.3 102. 95.8 flo.4 102.5 96.3 80.2 1c3.0 9fl.7 76.7 104.9 98.0 80.5 104.2 92.4 76.5 97.8 77.7 105.8 97.4 74.s 103.1 produce new York dec. 1 a butter steady. Eggs steady live poultry moderate. Chicago. Dec. 1 steady wholesale jelling prices unchanged a 93 score 65.5-85.75 a 92 65.25-65.5 b 90 65-65.5 c 89 64.25-64.75. Business directory Morgan refrigeration service duo therm Heaters we give Green Stamps Siles and service pm 7224 Jack s refrigeration service dial 6648 Oil. Heaters cleaned 715 West Palmetto Street Quick Loans on autos appliances Dia monds watches radios combinations. Also unredeemed items for Sale. Harry finance compant 188 e. Front St. Stokes mattress factory renovate your old Cotton or old mattresses like new. I we also make new Felt Cotton and innerspring mattresses. Pick tip and deliver East Cheves Street phone 6124 and 6286 mrs. Public stenographer 304 Trust bldg. Phone 6082 Exchange Kim 1 Stock sales a year ago american Exchange Bond final Bond sales today total Bond sales year ago s93.000. New York a Catt Bond Bonds o 4s 75 o a c i e i no 97 across 1. Mission a greek letter town in Ohio in resembling i Liz Ned 11 support for a piece of 15. Is. Evils Sash 18. Sum 20. Ratify 21. Deed 24. Obese 25. Mystic hindu ejaculation 28. Note of the scale 27. Destroy 29. System of interlacing lines 32. Soda Ash is. Involve k. Pertaining to the curative Art s8. Volcano 33, third tone of the diatonic scale 40. Pronoun 41. Hold Bac 43. Urge on 44. Unique person Slang Patriot 48. The Legal profession 49. Medley 60.08 54. Devoured 55. Revolving Gate 57. Legal action 58. First name of i f amour violinist 59. Fertile spots Down Wing solution of yet Kerdiy t Puzzle 2. Roman House hold god 1. Card with a single spot 4. Animal food 5. Alternative 6. Governor of Judea in the time of Christ 7. Corridor 8. Those having Power Here it a Pica a to Bucini Day. U to numb local Puzzle acs Ignea g or. Count Hie letters in your firs name. If the n Moc u Jess we tact 4. 1 hand Corner of the rec your key number. Start at the numbers of to Reg hit the b. Medicinal Plant 10. Going 13.111-fnted steamship 19. About 20. Struck 21. Consuel Tatlor 22. Come to a Climax 23. Mischievous child 25. Possess 28. Point opposite the Zenith 30. Male figure used 03 a support inf column 31. Quantity per unit of 33. Ignited 35. Fall behind 37. Regard with wonder it. Grinding tooth h5. Female Hwn 40. Jewish month 47. Goodbye Colloq 49, american Indian archaic is malt 63. Word of Conant they move South new inv. Weans around chef Blackfish s pc the lower Blue sucks and Are Back at boon6sboro on sell 6.1778, joone3 raiders have been mime Ohio Courtw for too offers. Fighting a few skirmishes amp tak1kis hor5e3 and furs. An Dawn Warrior that s the font Creek that Means Treyve injun own o started for Tel Boone Aye and we be we p Best get Sot ple tvo k. Ing us Well As an expert in this the percentage of shrinkage in bentonite clan drilling business Harue yes. I be mad some funny Vou be opened up dry jobs in the Oil Fields Hank moles before Haven t Vou but i never before had to look Tor a body in a used to re those e5t Abe. By i my v 18 he.? the pre Dick shun Donil a come True thar. Is a new missus Vikum to Dayan a mighty Nasty l see Mah son s face when he gits his first look at the wet new missus m3kum. Not the Ozark kid Shou lift have too much trouble running on this j and i phoned the stadium earlier to have remove the Tarpaulin covering the Field. So we soon see what the condition ten inches of Snow on the ground coach stopped falling Stormy wonder Why it is. Night at this time i Start tasting Strawberry Jam Ood night i Good night hold of a h surf it wooden horse Cauthe can t jump As hu3ha9 the Bridge jump Bridge a wooden Pav k3iveup, Cicero i what is it what animal has Eves and cant see legs and could Jumpa Chismas the _. Oar Fau-5 on the House

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