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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 08, 1940
Page
7
Sealed bids to repair school buildings and supply coal for 1940 41 are due by 5 pm June 28 1940 in the Lawrence Kansas Board of Education office. Specifications and forms available from the Clerk of the Board. The board may reject any or all bids in whole or in part and is not obliged to accept the lowest bid.
Market notes from Chicago and Kansas City report wheat slipping just over a cent while futures show mixed moves. War news weighs on sentiment, domestic weather is favorable, and private forecasters anticipate large spring wheat harvests in the U.S. and possibly another bumper Canadian crop. Cattle and hogs markets show uneven results with limited demand and varied prices across categories.
The report shows Milo maize nominal 1.30 1.36 Kaffir nominal 1.32 1.35 Rye nominal 42 44 Barley nominal 45 53 and various wheat and corn prices with over July premiums. It lists No 1 hard and dark hard wheat 3 to 8 cents over, No 2 hard and dark hard 21 to 24 cents over, No 1 red wheat 3 to 4 cents over, No 2 red 2 to 3 cents over, No 2 white corn 6 to 7 cents over, No 2 yellow corn 2 to 2.5 cents over, No 3 mixed corn 1 to 1.44 cents over.
Chicago close shows wheat July 80.14 and September 80.30. corn July 62.3, Sept 61.45. oats 63% Dec 59.14. soybeans July 89.14, October 77, December 0. Rye July 44.44, Sept 46.14, Dec 48.14. lard July 5.35, Sept 5.52, Oct 6.62, Dec 5.80. bellies July 5.85, Sept 6.60. Kansas City hay market notes No receipts. alfalfa pricing for No. 1 extra and No. 2 extra leafy ranging 18.00–23.00. Prairie No. 1 price 50.79, No. 2 around 56.00.
Market notes show potatoes trading in Chicago with June figures. US No. 1 washed whites and Bliss variety from California listed with initial ice packing and ventilation details. Prices cited include 2.10 to 2.25 in various categories.
Market notes from Kansas City list eggs firsts at 134 receipts 1214 and butterfat 19 21. Poultry prices show hens under 4 pounds eight to ten, roosters around six to eight, broilers about 15 to 17, turkeys eleven. Grain quotes include wheat 68 and yellow corn 67, butterfat No 124 and No 221, hogs at 4.75.
Stocks edged up slightly but overall showed scant bullish spark as war news provided little confidence. Major names like American Can American Smelt Bethlehem Steel Chrysler General Motors and U S Steel were among active issues with mixed moves and narrow gains.
The day saw a slow trading session with about 225000 shares changing hands in two hours. Price changes were mostly minor. Reports from Paris suggested Nasia progress in northern France, while France reportedly faced stiff resistance. Domestic business development remained the main market sustainer, though brokers warned of possible heavy defense taxes on individuals and corporations.
Berlin says British ambassador to Brussels Sir Lancelot Oliphant and a British expeditionary force trooper were captured in France. The German news agency notes he was taken during military actions on French soil and will have his case examined under “auspicious circumstances.”
French military sources say one fort of the Maginot line withstood 1000 shells from German 150 mm guns across the Rhine. The fortification reportedly remained unpierced despite the heavy bombardment.
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