davidaulloa/AmericanStories huggingface dataset:
The Wilmington morning star., 1946-05-07
Stock Market Quotations
lBY THE ASSOCIATED PRESS,
RAIL BONDS MEET
TAGGING SUPPORT
Some Carriers Establish
New Year Lows On
Quiet Trading

NEW YORK, May 6-(P)-Quota-
tons on rails dropped a little fur
Their in Mondays bond market as
buyers refused all but meager
support.
Some of the carriers established
new lows for the year with losses
ranging to more than two points.
Quiet Session
Sales of only $3,440, 900 meas
ured the lack of support given the
carriers in the lowest session in
more than a month. This COM
pared with So, 73O, 900, Friday.
The Associated Press average
of 20 rails hit a new 1916 low at
1881.
Closing lower with Northern
Pacific IS at IS, Denver & Rio
Grande Western IS at %, Erie 3
lbs "F" at 102, Florida East Coast
SIS at 81, Missouri Pacific IS f.
at "a IL, and Frisco q LIS at "A
3-8.
Some Hold Out
A handful of lines in the higher
price brackets held out against
the trend, among them bonds OF
Union Pacific, Western Pacific,
Southern Railway and Southern
Pacific.
U. S. Governments we're shaded
a bit in the Stock Exchange and
over-the-counter market, with the
Victory Loan 2 lis prices at lO3
1882 bid in the latter. Business
was small.
In the foreign list Australia 4
LIS moved up to l02 7-8. Issues
of Chile, Peru, and Uruguay dip
ped.
The Wilmington morning star., 1946-05-07
LIVESTOCK

CHICAGO, May 6.-(P)- Fed
streers topped the cattle market
at $3.50 Monday although the
general, market was slow in hold
ing steady with last weeks late
price decline.
Shippers took 1000 of the 5000
salable hogs, with another $500
head consigned directly to packers
and all receipts clearing early at
ceilings of SASS for barrows and
gifts and 40 for sows.
The slightest Monday sheep sup
plies since last November Whooped
slaughter law prices as much as
a dollar to S1.50 higher than a week
ago.
Total receipts were $4,000 cat
tie, 600 calves, and 1000 sheep.
The Wilmington morning star., 1946-05-07
GRAIN
CHICAGO GRAIN

CHICAGO, May 6-(P-For the
fourth consecutive session the May
rye contract advanced the per-
mitted ]imit of 5 cents in grain
trading Monday. Covering by pre-
vious short sellers was again the
markets main stimulus, sending
the May delivery to another new
all time high for any rye future.
A strong undertone also de-
veloped in active oats contracts.
September closed at 83 cents, the
ceiling on all oats deliveries, and
December finished on a split
quotation, S2N-S3. Nearby oats
deliveries were unchanged at cell
ings, as YER wheat, corn, barley
and deferred rye contracts.
Although May rye duplicated its
action of the three preceding SEES
sions, greater resistance was Of
fered to the upturn than on those
days. On several occasions the
contract moved up the five cent
limit only to back away as offer
ings increased. After the close, the
board announced notices of inten-
tons to deliver 1000 bushels on
May rye, contracts.
Rains were reported in some
sections of the winter wheat belt
and good moisture was received
throughout Central Illinois. Ira
ders were interested in reports
by Brocmhsll. British grain au-
thority, thai the wheat crop out
look in several European countries
had improved. Neither of these
items, however, brought any sell
ing into the wheat pit. Visible
supply of the bread cereal de-
creased 1881, 900 bushels to 49,
239. 900 bushels this week.
The Wilmington morning star., 1946-05-07
LIVESTOCK
RICHMOND LIVESTOCK

RICHMOND, Va, May b. -H)0
USDA)-.
Hogs: Market steady at ceiling.
Good and choice barrows and gifts
12O-330 lbs. and up 1870 flat).
10O-12O lbs. 1910. Good sows. all
weights 14.15. Good stays 14.15.
Cattle-Market slow. About steady
on slaughter steers with some
weakness on undergrades. Good
steers mostly 16.00-17.00. Practi-
cal top 1900; medium around IA. 90
1880. Common 12.00-14.00. Good
slaughter COWS 12.oo-13.5O, medium
II. OO-12.O 90, common 10.00-11.0O
Gamers and cutters 100000.
Good bulls quotable 12.00-13.0O,
few higher; medium 11.00-12.00,
common 100000. Some lower.
Good vealers 17.00-17.5O, choice
higher; medium 5.00-16.0O, COM
mon 1O.O0-13.OO with thin kinds
lower.
The Wilmington morning star., 1946-05-07
COTTON
NEW YORK COTTON

NEW YORK, May s-(P)-Cotton
futures we're reactionary in quiet
trading Monday. ending unchanged
to SIS cents a bale lower.
The possibility that the coal
strike may cripple the cotton tex
tile industry which in turn would
mean less consumption of raw cot
ton by mills brought in commission
house and New Orleans liquidation
along with some hedging.
After reaching losses of $1.30 a
bale, the market recovered to ap-
proximately opening levels on mill
buying against textile orders and
short covering.
Spot cotton markets were quiet.
Futures closed unchanged to So
The Wilmington morning star., 1946-05-07
BOND AVERAGES
Compiled by The Associated Press
NAVAL STORES

SAVANNAH, Ca, May 6. .-R-
Turpentine 83 IL; offerings, three;
sales $50; receipts 1865; shipments
1888; stocks 1888.
Rosin: offerings and sales, none;
receipts 40; shipments, none
stocks $3.50.
Quote: B 600; D 6.07; E $50;
+ $40; G 6.74; H and 1 6.76; K
$50; M 6.82; N 6.98; VIC 7.05;
WV and x TIP.
saturdays receipts and ship
ments included.)
The Wilmington morning star., 1946-05-07
NEW ORLEANS MIDDLING

NEW ORLEANS, May 6.-P)-
The average price of mlddllng 10,
16th-inch cotton at ten designated
southern spot markets Monday was
Is cents a bale lower at 27:29 cents
a pound. Average for the past
30 market days was 21.1o. MILO
ding 7-8 inch average was IDOL.
The Wilmington morning star., 1946-05-07
CHICAGO BUTTER

CHICAGO, May 6. -PE(US-
butter market was firm
and unchanged at OPA ceiling
prices Monday: (bulk- In fiber
boxes AA SO score Al: A % score
As 70; A 80 score 46 10.
Eggs here firm; large No. /, AND
2 extras 37-37.4; No. 3 and 4 extras
1858; medium extras 33.5-34.4;
standards 1885,; current re-
ceipts 1873; dirties 1878; checks
81. 1928.
The Wilmington morning star., 1946-05-07
SWEET POTATOES

CHICAGO, May 6.-(P)-NCDA)
= Sweet potatoes firm; bushel
crates Louisiana Porto Ricans 4.4O;
bushel hampers Tennessee Nancy
Halls 4.O0-4.35, bushel hampers
Porto Ricans 4.25.
The Wilmington morning star., 1946-05-07

NEW ORLEANS, May 6.-(P-
Spot cotton closed steady Is cents
a bale lower here Monday. Sales
Al. Low middling 21.90, middllng
27.15, good middling 27.55, receipts
zoos, stock PSI, 043.
The Wilmington morning star., 1946-05-07
FOREIGN EXCHANGE

NEW YORK, May Establishing
foreign exchange rates follow
(Great Britain in dollars, others in
cents):
Canadian dollar in New York
open market 9 IA per cent discount
or 90. rs U. S. cents, off .O6 If
Of a cent.
Europe: Great Britain $4.O3 IL,
unchanged; France (Franc) $40
up .0025 a cent.
Latin America: Argentina Free
PAS, unchanged; Brazil Free o'@''
Mexico 90 5
The Wilmington morning star., 1946-05-07
Stock Exchange Suffers
Fifth Straight Setback

Pacific Land Trust 1-0 at $2Z.1s
and Santa Fe 1 at s105.
improved were Southern "a
cific. Great Northern, Northern
Pacific, Baltimore & Ohio, west
ern Union "a" U. S. Rubber
United Aircraft and General Elec-
trio.
Many Casualties
Casualties included U. S. steel;
Bethlehem, Chrysler, Genera
Motors, Goodyear, Sears-Roebuck'
International Harvester, American
Telephone, Anaconda, Kenneco1I,
Westinghouse, Du Pont, Union
Carbide, Allied Chemical, JOINS
Manville, J. C. Penney, Phlllp
Morris, Southern Railway, STAND
ard Oil IN. j. and Texas Com
pany. ~:
Railway bonds slipped. At Chi
cago oats and rye were unchanged
to up 3-8 and the limit of . cents
a bushel, respectively. Cotton was
unchanged to off So cents a pale.
On the Curb
In the Curb, International Petro-
leum sa.gged on a cut DIVIDEND.
Stumblers. were Electric Bond q
Share, Pantepec, Solar Aircraft
and Franklin Store. Among ad-
vancers were Pacific Can, CROSBY
Motors, and Interstate Power pre-
ferred. Turnover here was 400, 0O0
shares versus 400, 900 in the proceed
ing full session.
The Wilmington morning star., 1946-05-07
CASH GRAIN

CHICAGO, May 6.-(P-Wheat:
No. 2 red and hard, 1872 nominal,
ceiling.
Corn: No. 2 yellow, 1.19 nomin-
al, ceiling.
No oats.
Barley: Mailing 1.25-1.43 IL
nominal.
Field seed (hundredweight
nominal: Red clover 31.50; sweet
clover 1915; Alsike $3.50; alfalfa
common 80. SOB so; Timothy SIS
500; red top 12.0o-12.50.
The Wilmington morning star., 1946-05-07
N. C. HOG

RALEIGH, May 6. -(P-(NC-
.DA)- Hog markets active and
steady with tops of 14.55 at Clin-
ton and Rocky Mount and 1870 at
Richmond.
The Wilmington morning star., 1946-05-07
DAIRY PRODUCTS

CHICAGO, May 6.-RLButter.
firm; receipts (two days. BIT, $40;
eggs firm; receipts e days.
81, 1913. 1927
The Wilmington morning star., 1946-05-07

RALEIGH. May 6. = CP - (NC-
DA) Egg and poultry markets
steady to firm.
U. S. Grade A large 81; broilers
and fryers 31.2.
The Wilmington morning star., 1946-05-07

It is a tradition that each state
for which a b%attleship is nail!eo
shall contribute a. silver serVi'e
to then shin officers mess.
The Wilmington morning star., 1946-05-07
NEW ORLEANS COTTON
NEW ORLEANS, May Got
GUARANTEE q
ton table:

CHARLOTTE, May 6-P)-Spot
cots IN 27.45.
The Wilmington morning star., 1946-05-07
WASHINGTON

WASHINGTON-U. S. Grade A
large Al; broilers and fryers 81 to
80.
The Wilmington morning star., 1946-05-07

NEW YORK, May 6-P)- The
stock market, on average, MADE
it five losing sessions in a row
Monday although pressure was
lacking and a number of issues
negotiated last-minute recoverles.
Trends generally were down
ward from the start. In the final
half hour, however, a smatterlng
of gains appeared among rails and
special issues. Early setbacks
running to 4 or more points were
reduced. The pace was relatively
slow throughout. Transfers of l.
$50, 900 shares compared with l.
O1O, 900 Friday. Of 951 issues reg
istering, 600 fell and 1870 advanced.
Composite Off
The Associated Press 60-stock
composite was off 5 of a point at
71.6, where it was 2 IL points I'M
der the 15-year peak established
April 20.
Montgomery Ward, reporting
record sales for April and the first
quarter, converted a 2 point loss
into a gain of 7-8 at S95.37. Burling-
ton Mills, on a lifted dividend.
was UP l IA at $40. RK-O added
"a at S25.37 on a pleasing earn
ings compilation.
Paramount Gains
American Wooden was up 8 at
S54.6 81, Lowenstein l SO at SAL. 81,
Paramount Pictures l 1-8 at ST. rs,
Hiram Walker | IA at SILT, Texas
The Wilmington morning star., 1946-05-07

Dial 2-3Sl1 for Newspaper. Service
The Wilmington morning star., 1946-05-07
Trends Generally Down
ward From Start; Volume
Is Lowest In Month

MARKETS AT A GLANCE
NEW YORK, May 6-(P)-
Stocks-Lower; ~steels, motors
lead decline.
Bonds-Lower; rails lead de-
cline.
Cotton-Easy; liquidation and
hedging.
CHICAGO:
Wheat-Unchanged at cell
ings.
Corn-Unchanged at ceilings.
Rye-May up scent limit.
Hogs-Active and steady at
OPA ceilings. Top S14.S5.
Cattle-Steady with last weeks
decline. Top S17.65.
The Wilmington morning star., 1946-05-07

STOCK AVERAGE
Compiled by The Associated Press
May 6.
"a TX * 60
The Wilmington morning star., 1946-05-07
NEW ORLEANS

WiUuIIIIS OUUI Ao.Uf, UII'
Nominal. Bid.
The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1946-02-16

will be given commercial severe
ignty. The Russians, I nticipate.
will maintain political control, and
whoever controls the railroad will
be the boss OF Manchurla.
The Chinese are to police the
Manchurian railroad system. This
IL an old gag on the Far Eastern
vaudeville stage. Once they start
q railroad police patrol force. a
Chinese general takes over. Soon
you see an army along the tracks.
The railroad then becomes an arm
ed transport service for the origin
al policing units who were to have
protested" the rails. This situa-
ton leads to jurisdictional disputes
which will "necessitate the Soviets
taking over for protective measures
t. preserve the assets of the prop
erty".
Thirty years from now. accord
ing to the friendship" deal, the
Russians will turn over to the Chi
nese, without charge, Port Arthur,
which Is TO become a naval base.
But why should a naval base be
built at all!
The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1946-02-16
We All Can Dream
Looking at Life

rosebpshes this wear and I should
see his Iilacs and his hvdrangeas
and some dav he would get out OF
this d n game and inst take Il easy
and look after his flowers and fruit
trees. and could be dead sure
his kids would never have To drive
a taxi.
Last eyeninR was having nv
shoes shined by a colored how
across the street from INV apart.
ment
know shoe shining isn't n very
poetical profession
But that kid. too. had his dreams.
He was lust out of the Army,
he told me. and had been injured in
the head by a bomb splinter In Ger.
many.
81 amt a regular bootblack," he
told me, and proved II by the shine
he gave me. I'm a musician, and
big hand and make a name for my
self.
But first I got TO get me some
money together SO that can stu
DIV to play the saxophone right.
"And then I'm going to go up
to that girl OF mine up In Harlem
and we are going to get married
and raise some kids and have an
apartment with carpets and pretty
lamps and she'll wear a fur coat
and a diamond ring.
Just wait and see, some day
you'll read about me In the papers"
The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1946-02-16
THEY SA y

Washington-President Truman:
81 am now modifying our wage
price policy to permit wage in
creases within certain limits and TO
permit any industry placed in a
hardship position by an approved
increase to seek price adjust.
ments."
Washington 49, Fleet Admiral
Chester w. Nimitz: "Ships are
difficult and improbable targers
for atomic bombing"
Kansas City-Gen. Dwight D.
Eisenhower: "Our interests In ia.
pan and Europe must be sustained
by actual fighting strength"
Philadelphia-Gen. II. II. Arm.
old: ITO remain the leading air
force in the world, we will have TO
put forth continued effort. We
cannot afford to allow either our
planes our personnel, or use OF our
equipment TO be out-moded."
The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1946-02-16
Chinese Economic
Control in Russia

corn. seaports, innumerable dying
fields, and fine communications,
both modern land lines and power
full radio transmitters.
| know Manchuria. Its political
importance cannot be oyer-emphas.
lied.
China has not been in full con.
troll % Manchuria since the turn OF
this century. At Yalta. Cairo and
elsewhere. the Powers promised
China, or so We were told In opti-
mistic communicates, that Man
churia. once the Japanese were dc.
feated, would revert to Chinese
sovereignty.
The Chinese, lacking American
and British support, may havN been
forced to bow to the Soviets.
China has consented to a re-
sumption OF Russia's position In
Manchuria as II stood In the CEar-
list days, prior to the Russo-Japa.
nese war of 1904-05.
China has lost Outer Mongolia
u llt oONltiS.
Russia does not need more land,
natural resources or population out.
let, yet, by her brief participation
in the war against Japan. she has
explained her sphere to Manchuria,
the Kurile Islands and Outer Mon.
golia.
In the Russo Chinese mutual
helpfulness, peace and friendship"
pact, the Soviets get a 30-year con.
troll OF the rail lines. The Rus
SLAMS included a 30-year lease for
two seaports-Port Arthur as q
naval base and Dairen as a free
trade port. Both parties agreed to
special customs exemption for
goods entering or leaving each
others territories. This should
freeze" American and British
trade expect the Soviets to have
final say in airline operations.
Profits and losses In joint enter.
prises are TO be shared. The Sow.
lets will head six-man railway
rehabilitation commission. A Ave-
man Chinese.Soviet directorate
will administer the lines.
Foreign correspondents who have
covered Manchuria will sense the
trick provision that the Chinese
The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1946-02-16
BY ERICH BRANDEIS


You may or may not remember
the song that was so popular some
years ago, the chorus OF which
started something like I'm a
Dreamer, aren't we all?"
But that question is really more
than a song, as you will quickly
see IL you take the trouble to let
your hair down with people and
let them open up to you.
There isn't a much tougher bunch
OF guys in New York than the taxi
cab drivers, and yet, when | go to
my office in the morning and come
home in the evening, ] have lot
OF fun talking-or rather listening
to the Cables.
Only this morning had one OF
them who was just about as tough
as any fellow I've ever met He
had Just got through telling an
other cabbie who tried to get ahead
of him just what he thought Of
him-and you should have heard
his languagel-when he remarked
to me:
Amt this beautiful day? Look
at that sun-and this is February!
| can hardly wait for spring"
Then he told me about his little
place out on Long Island and how
he was going to put in 80 more
The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1946-02-16

am speaking. I think we heard Tru-
man revealing his true self. He be-
neves that the White House should
be enlarged. He resented the op-
position which he suspected was st
least in part personal and political
rather than the product Of sincere
conviction. / thought / heard that
In his voice.
But l also think I heard In his
words. q similar expression of his
own philosophy. when he said that
he thought the present Industrial
strife was a struggle for power be-
tween labor and management. In
other words that baslcally II was
not the demands Of the men who
work for more pay nor was II an
objection on the part Of industry TO
pay higher wages, as much as II
was a pitch battle between labor
leaders and the top men In manage
ment TO see which could beat the
other down.
To one who brags about being
middle-class, without even a drop Of
blood Of an Irish king in his veins.
II sounded like good. sound tcan II
stuffy II you wanO middle-class re-
sentiment Then the President add
ed that he thought that both labor
and management had too much
power and II was time for the gov
eminent to step In and assert the
power Of the people which govern
ment is supposed to represent
But when we asked the President
II and how the government was 60
ing to assert itself to exert the pow
er Of the people" TO settle the mess,
all he said was that he had done
all that he possibly could do.
He could have called out the
army and the navy. the national
guard. the FBI and the United
Marching and Social Clubs. and taxi
en- over the steel industry the next
day. But a step like that which
was no more than the wave Of q
tapering cigarette holder yesterday.
was one which no cautious middle
class, middle-western. middle-of-the-
road American would like to take
except under duress. Il say. that
as one such)
And so congress. part Of II respond.
ing to the pressure Of management
and part Of 1t under the pressure Of
labor, adde's and hlibusters while
industry contentedly lives of its fat.
labor on union funds or relief and
the people" with all their alleged
power" wonder how long. oh Lord,
how longl
The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1946-02-16
BY JAMES R. YOUNG

A news story from Chungking
reporting Chinese economic conces'
sions TO Russia, supports my prev
ious warnings that the Soviets will
retain control OF trade and polite
al centers In Manehuria.
! expect the Russians 10 be the
bosses OF the great Manchurian
railway system.
For 40 years, the Manchurian
railroad has had a political and
military significance N the Far
East comparable to the Importance
OF the Panama Canal in our hemis'
phere.
Russian and Chinese newspaper
men have been sending the.r
stories from the old-pre-invasion
capital OF Mukden. also rail hub
for the plains empire, but Ameri'
can newsmfen have been waiting
several miles outside the walled
city for permission to enter.
The only sweet note to a story
which has gone sour for American
reporters trying to cover Manchu'
ria, was a consignment OF 10000
boxes OF candy which Madame
Chang Kai-shek took to Chang
chun, modern puppet capital built
by the japanese under the name OF
Hsinking, to present to the Soviet
forces OF Marshal Rodion Y. Mali
noysky and his chief of STAFF. Gen.
Torauchinko.
The much-traveled Madamissimo
was In the former Chinese railway
city OF Changchun for three days.
She made a speech and decorated
10 Red army officers. Other than
this information, which came
through Chinese sources, Ameri-
cans were not allowed to learn any
thing. The inside story of Man.
churi. Is obscured by tight Russo
Chinese censorship.
This fact, however. can be rec
ognized between the lines: two
great continental countries, China
and Russia. have agreed on terri.
torial and political control OF an
area twice the size OF Germany,
larger than Texas--an empire OF
100000 900 people and a land vastly
rich in coal, iron ore, soya beans,
The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1946-02-16
University, Staff
Members HonOred

Ann Arbor, Feb. 16-Service
awards have been presented to
the two University Of Michigan
staff members for their participa-
ton in the war effort, and further
awards to the University, the OBJ
servatory, and the department OF
physics will be presented at gradua.
ton exercises February %, 1t was
announced Friday.
DIR. Raymond Waggoner, who de-
veloped a method to detect psy-
chiatric defects In draftees, has
been awarded the Selective Ser
vice medal by Maj, General Lewis
B. Hershey, director OF Selective
Service, for his contribution.
1t. Claude A. Eggertsen, 1908
Baldwin Ave, on leave from his
duties as assistant professor OF edu-
cation at the University, has been
awarded the Bronze Star for his
services in organizing the Navy
Pacific University at Pearl Harbor,