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Phoenix Gazette in Phoenix, Arizona

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This newspaper page contains 21 articles. Subscribers can read the full text of each article.

Newspaper

Phoenix Gazette

Location

Phoenix, Arizona, United States of America

Date

Jan 30, 1950

Page

30

Survey Shows Corporations Own Much Farm Land In West

Washington January 30 AP The Agriculture Department bulletin notes the West has the highest share of corporation owned farm land at 8.1 percent while public agencies hold 11.7 percent and Indians 9.9 percent Inman Fippin and Timmons report Nevada leads with 31 percent corporate ownership Wyoming 13.6 Arizona 13.2 California 5.6 Colorado 4.2 Idaho 1.0 Montana 6.9 New Mexico 7.7 Utah 8.3 Washington 3.8 Oregon 6.9 The study finds more owners than operators in the West with 525000 owners versus 494000 operators and suggests irrigation and arid land use drive the pattern. three ranches holding over 2500 acres control 44 percent of arid lands.

Washington West United States Nevada Wyoming Arizona California Colorado Idaho Montana New Mexico Utah Oregon

Small Business Aid Proposals Buttoned Up in Senate

Washington January 30 AP Lawmakers unveiled two Truman era measures to aid small business. Senator Burnet Maybank proposed a small business coordinator under the President to align federal agency actions and settle interagency disputes. Senator Lucas backed a plan to expand RFC loan guarantees up to 90 percent and permit direct RFC lending only when private banks cannot provide funds, with looser repayment terms and long term finance for growing companies.

Washington Truman Burnet R. Maybank Democrat South Carolina Maybank Senate Banking Scott W. Lucas Illinois Senate Lucas Reconstruction Finance Corporation RFC State of the Union Congress Armed Services Commerce Department Federal Reserve System

Grains Slide on Wheat Corn and Soybeans to Session Lows

Grain prices fell late on the Board of Trade with wheat down to 2.16½ a bushel in March, corn near 1.28, soybeans around 2.32, and oats and rye also easing. Cash corn bookings topped 100 000 bushels while receipts for cash wheat rose at Southwestern terminals, signaling a wary market.

Chicago Board of Trade Commodity Credit Corporation Grain and Provisions Exchange Vas Vasuly C. Vari

Quota Bill Delayed by Northern Democrats

Northern Democrats continued delaying tactics against a bill to revise 1950 cotton acreage quotas. It was expected they would drop tactics and bring the measure up for a final vote tomorrow as scheduled.

Washington

Business activity confirms forecasts for 1950s start

Washington January 30. American business activity in early 1950 stayed firm as industrial production retail sales and financial developments held or recovered from 1949's mild recession. Federal Reserve says December production index rose to a high since April 1949 and money in circulation declined indicating reduced hoarding. Department store sales value remained steady week to week though prices fell little, aiding consumers.

Washington Commerce Department

Stock Averages Compiled by The Associated Press

Stock averages compiled by The Associated Press show variations across indices with notable highs and lows. Data reflects Monday values, weekly and monthly figures, and new highs in 1949-50 context.

Associated Press Indust. Rails Util A. Jae

Trend Of Staples Prices In New York Spurs Market Talk

The Associated Press notes a weighted wholesale price index for commodities rose, with the 1949 to 1947 period showing a high of 177 and a low near 150. The daily reading around 60.09 and month figures index near 160.07, reflecting market movements and year-over-year comparisons.

Staples New York Associ Press

Metals Prices and Delivery Rates From New York Market

New York price notices show delivered metal rates in cents per pound for copper and other metals. Figures include electrolytic copper delivered FAS New York around 18 percent, with various regional and foreign price references and several quoted cents per pound values.

New York Geo. Lea Ouis Dragnor Prime Western

Turpentine Market Report From Savannah

Turpentine offerings in Savannah on January 30 show shipments totaling 118 and stocks listed at 10,852 units. Prices and buyers not disclosed in available text.

Savannah

Television and Radio Shares Lead Broad Market Advance

In New York the stock market rose as radio and television issues strengthened. Daily volume reached about 1.6 million shares with dividends boosting morale. Standard Oil (NJ) declared a $1 dividend and will pay quarterly. CERTAIN-TEED retired preferred stock, leaving only common outstanding.

New York Standard Oil Automobiles and Steel

Cotton futures steady after early slip in New York

Cotton futures opened with declines but soon steadied as buyers and commissions showed interest in new crop positions. Traders shifted from March to later months ahead of first notice day on February 23 for March contracts. Government policy on the 1948 cotton loan stocks awaited with parity to be announced after Tuesday’s close.

New York

Livestock and market prices report from Los Angeles

Los Angeles market update lists prices for various poultry and egg categories including large, extra large, and medium grades, with notes on butter prices, receipts and wholesale market stability. Several lines show grade revisions, carton packaging terms, and weight ranges for broilers hens and chicks.

Oduce Ngeles

Wool Market Briefing on New York Futures

Wool futures in New York edged and steadied with mixed activity on Jan 30. Estimated wool tops sales and spot values showed small shifts with March and July contracts quoted around 136 to 141 dollars, reflecting irregular demand and dealer activity.

Wool Market New York

N Y Stock Exchange Prices Voyage Through A Year

An obscure stock market note discusses price movements on the New York Stock Exchange and references fluctuating values, timing, and a declaration date for an expected action. The fragment hints at year progress and market activity without specific entities or figures.

Foreign Exchange Rates In New York Jan 30 1945

Foreign exchange figures from New York show the pound at 52.80 leaving the dollar off a fraction of a cent. British 30 day futures at 2.79 percent, 60 day futures at 2.79 percent, with the franc near 0.284 percent of a cent. The franc and other rates remain largely unchanged amid a general flat tone in early trading.

Foreign Exchange New York Great Britain Britain Italy

Dividends Protect Company Share Stockholders Notice

Dividends of 35 cents per share declared by the company for stockholders of record February and March 13 with eligibility on March 10 and March 13 according to standard procedures in Jersey.

Proticts Company Pnpecord

Hay Market News From Los Angeles

Hay market reports from Los Angeles dated January 30 indicate price movements in barley and hay deliveries. Trade notes mention token orders and uncertain demand affecting feed grains and fodder costs in short supply regions.

Hay Market Los Angeles Monte

Livestock market notes across Los Angeles and Kansas City

Livestock prices eased in parts of the Los Angeles market with demand steady to higher on steers cows and calves. Kansas City reports moderate activity with slaughter steers steady to strong, mixed prices for cows and stockers, hogs and sheep showing varied yet generally firm to higher bids.

Los Angeles Kansas City USDA Nore

Earnings roundup of midyear corporate results reported

The document lists several earnings figures from midyear to fiscal year results. United Wallpaper shows a net loss of 464.819 for six months ending Dex versus a net profit of 246.373 in the prior period. Other firms include Cook Paint & Chemical, Gerber Products, Universal Pictures, and Universal Film Rentals with varying profits, losses, and per share amounts for different reporting periods.

United Wallpaper, Inc Cook Paint & +epraten Company Gerberer Products Company Universal Pictures Company, Inc Focal

New York Cottonseed Oil Futures Close Mixed

New York Jan 30 Breachatic cottonseed oil futures closed mixed with declines of 9 and rises of 5 in nearby trades. Sales stood at 1 contract with figures for several months showing May 1.28, July 13.26, and Sept. 13.17.

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Bonds Rise on Rails Market Amid Coal Strike News

Trading in New York bonds reflected gains in railroad issues as some rails edged higher while others showed modest advances and mixed losses. Investors awaited a White House plan after a coal strike prompted hopes of presidential intervention, with several corporate debentures and utilities slated for sale and expansion funding.

New York Baltimore and Ohio Missouri Pacific Tormore Steve Vor Anduthwestern Railroad Treasury Ing White House Truman Indus Jersey Gate Big Four Table Valley Woethows Pac Seaboa Temes & Pacific Canadian Pacific International New Haven Brisbane Australia Uruguay IGNEW Acuntenn Telephone & Graph Company Iivestment Banking Groups Morgan Stanley & Company Stuart & Company Iton Corporation Wil Bell System

Also Mentioned on This Page

Northeast Agriculture Department Bllis T. Inman William H. Fippin John F. Timmons Western Corporation Federal Reserve Board Applewhite Mortgage & Investment Company Luhrs Salt River Project Kenneth A. Ellis & CO Investment Secup St. Om Flax Minneapolis Filax American Iron & Steel Institute Brad Strana Riies U. S Lowe Marke Oas Frye Ducks Phoenix National Association of Securities Dealers Banks of Trust Copaii Askeduglas Nationa Bank Valley National Bank Ona Edison Ae Oy Ariz Queen Ge Gas’ ‘i L&p Tre Flour Mills Goldwaters Incorporated Southwest Lumber Mills O 15 Center s—Bia N. Y York AP Ree al Nylonruba lEiBond&sn EquityCo Claris Mn airchE&a Alaska Air Air Sia Forducea Seoville Schulte Hell Cc Singer Mfg Humble Tas Co Kaiser Ss E Kingstor Ae Asso Oe Star Geau Louis L&e McClan Bat Braz Tr Brown Id West Co Mount St T&t Mex & Ar la Ee Fergie Renae Accu Aba Tay Clerk Sam Hobson Memphis Kroger Company Joseph B. Ball Hobson Pope Weiel Mort Heef E Sheen National Association of Securities Deers Weed Ausinees Pigres Ue Hoystad Chemical Fund Commonwealth Gas Indus Mass Televien Fund Util Nse Xieia Netwig Dow-Jones E. F. Hutton and Company Benton M. Lee, Ficks & Tompane New York Stock Exchange N. Central Cor. van Buren America
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