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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 17, 1940
Page
9
Robert C Rankin announces candidacy for State Representative from the Eleventh District subject to the Republican primary on August 11. Richard B Stevens.
The stock list showed weakness with wheat futures falling and the free pound sterling and French franc dropping sharply. About 2,700,000 shares changed hands as investors remained cautious despite defense expansion plans. Prominent names moved lower including U S Steel, Bethlehem, Boeing, General Motors, and American Airlines amid ongoing global tensions. Bonds declined and cotton slumped up to 80 cents a bale.
Lawrence artist Paul Mannen has been invited to show a water color called Northern Lights at the Coronado exhibition in New Mexico this summer. Vernon Hunter, organizing the regional show, selected Mannen's piece based on memories of spectacular northern lights seen in the region over the past year.
Emporia Kansas May 17 a collision blocked Highway 50S for about ninety minutes east of the Lyon Coffey county line. An empty gasoline truck and a meat loaded truck were involved. Bob Shiblom Wichita relief driver for the west bound tanker was treated at Emporia hospital for cuts and bruises. His condition is not serious. Phillip Brunk Wichita driver of the tanker owned by Phillips Petroleum Co and Fred R Reeder Kansas City driver of the Cudahy Packing Co freight were not hurt.
Supporters of Sen. Robert A. Taft plan a two day rally in Topeka with Taft visiting on Saturday for a principal address and Sunday as a dinner guest at Alf M. Landon's home. Taft's NBC broadcast is set for 8 30 p m Saturday night.
A fresh selling wave in the Wheat pit pushes prices down over five cents from the previous close as fears over European hostilities renew distressed liquidation. May wheat ends down to 585, with July at 444, while corn oats and rye also retreat. Kansas City livestock show varied moves and grain activity details are listed for May 17.
Kansas City market sheet shows hay prices with no receipts noted. Alfalfa grades list higher leafiness at 20.00 for No 1 extra leafy and 18.00 for No 2, with other entries around 16.00 to 23.00. Berg hay appears at 18.50 and 9.00 for different lots, while No 2 shows 8.5 to 8.5 prices.
Potatoes at Chicago May 17 quoted at 3 dollars with on track 207 shipments total U S. 773. Bliss Triumphs Alabama U S No 1 washed scarce sales 2.25 while washed 1.95. Unwashed 1.95 to 2.10 and old stock Idaho Russell 0.8 No 1 few sales 2.05 to 2.25.
The Kansas City market report lists dairy butter prices at 2614 with butterfat 20 22 and poultry figures including hens 1041213 roosters 7 kl2 springs 1712 2212, broilers 18 lL, reflecting current receipts and firsts.
Grain prices show wheat 75 and corn mixed 63 and 4&5 for yellow corn with kaffir 1.10. Butterfat lists No 124 and No 221. Poultry quotes hens under 4 pounds and over 4 pounds 11 with roosters and stags at 445. Begs straight runs 12 and hogs at 5.60.
Closing government bond prices show Treasury 4s at 112.18, 41 52-47 at 118.8, and 3s at 198.15 with various yield quotes.
Leading stocks broke support levels in New York trading with losses of 2 to over 9 points. Steel and aircraft shares fell first and led declines as heavy offerings overwhelmed prices. Later, declines moderated in most cases amid war anxiety and reports from Europe.
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