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Newspaper
The Canton Repository
Location
Canton, Ohio, United States of America
Date
Dec 31, 1941
Page
11
Merri reports market indices declined in the final trading session of the year with tech and energy shares leading declines. Traders cited profit taking and weaker economic data as drivers of the retreat while some analysts warned of further volatility ahead.
The New York stock market slipped in the last session of the year with profit taking after yesterday’s rally. Losses exceeded a point for several issues while others rose. oils, motors, and steels led declines. Names dropping include Texas Co and Bethlehem. American Telephone fell but later recovered a bit. bazı stocks like U.S. Gypsum and Eastman Kodak rose a point or more.
A New York curb arrangement was supplied by Merrill Lynch Pierce Fenner and Beane as part of a financial services provision. The deal situates Merrill Lynch as the provider of curb related services in the urban market.
Washington December 31. The factory price of cigarets is frozen at the December 26 level by a new regulation to curb price rises and conserve wartime materials. A second order sets retail prices on new tires and tubes at standard levels. Wool manufacturers face reduced civilian supply for three months, and the cigarette increase by American Tobacco Co. was not withdrawn, prompting the action.
Maj Ben Kilper of Massillon is among eight officers of the 37th division stationed at Camp Shelby Mississippi who are over the maximum age and likely to be transferred to administrative posts. The officers have been placed on temporary duty with the corps area service command. Kilper began service in 1906 and long served in the national guard. He was plans and training officer of the 145th Infantry, part of Ohio's 37th division.
Millersburg officials announced today that applications are being taken for the post of teacher of industrial arts and coach. The position became vacant when Coach John Banyas entered the army as junior director of physical training at Maxwell Field Montgomery Alabama.
Receipts show cattle and sheep active, cattle market steady with ranges for steers and heifers, calves and hogs varied by weight. Vegetables and fruits listed with varied per peck and per 8 pounds prices, noting new Florida produce and assorted potatoes and onions pricing.
United Press reports year end market results from Pittsburgh with cattle prices by grade and weight, hogs steady across several weight bands, sheep and lamb ranges, and calves quoted firm. Cattle ranges include steers and heifers, cows, canners, cutters, and bulls. lambs and ewes show varied but stable values, while calves fetch strong good to choice prices.
Market report from Chicago on December 31 shows hogs up 10 to 15 cents with top at 11.30 and bulk 10.80 to 11.25, cattle and calves steady, beef steers 9.50 to 14.50, butchers and stockers steady with varied grades, and sheep steady with lambs 12 to 12.40 and ewes 4 to 7.
Butter and eggs hold steady with extras and standards quoted. Live poultry prices show hens, broilers, ducks and turkeys with firm market, while homegrown Ohio produce lists apples beets arrows celery cabbage leeks and lettuce with per 2 dozen or per basket pricing.
Chicago market report shows butter at 5 532 pounds and eggs at 11 339 cases with steady prices. Live poultry also holds steady with varied ranges for turkeys hens leghorn hens springers broilers roosters ducks geese and current receipts noted for fresh and dirty lots.
Pittsburgh markets report steady prices for poultry and butter on December 31. Heavy hens moved at 20-22 cents per pound, Leghorns 16-17, red springers 19-21, rock springers 21-22, geese 17-18, turkeys 26-31. Butter quotes include 92 score at 35 1 4, 89 score at 33 1 2, 88 score at 32 3 4, standard 34 1 4. Eggs remain steady with nearly current receipts at 33, white standards 35, white extras 36.
Trading on the last day of 1941 opened with no decisive trend as investors held to prior close. Wheat and corn moved little, May wheat around 1.26 and May corn near 0.84, with soybeans edging higher, while detailed quotes from Chicago and Toledo show similar steady tones across wheat corn oats and soybeans.
U S department of agriculture reported in Boston on Tuesday a few inquiries for graded 3 8 and 1 4 blood combing bright fleece wools at 51 52c in grease. Fine combing Ohio delaine had limited demand at 45 47c grease. Fine territory wools of average to good French combing lengths were quoted mainly at 110 113c scoured basis.
Lisbon December 31 Elkrun grange members plan a benefit dance in the grange hall New Year’s night with proceeds toward buying a tuberculosis health bond from the Columbiana County Public Health league.
The year end notice shows endive up to 20 cents a pound and radishes at five cents a bunch. Hens and broilers edged higher while wheat closed at 1.16 dollars per bushel. Butter prices ranged from 41 to 45 cents a pound, with various feed and hay values listed by local suppliers and grain dealers.
Arvine J. Smith 42 a farmer near Greensburg was found dead Tuesday afternoon crushed beneath a tractor in woods beside his Koons road farm. Survived by widow Elta two daughters Lucille Valda a brother Howard Smith and three sisters Florence Dickerhoof Marie Brinker Sylvia Hill. Funeral Friday 145 pm at home and 230 pm at Greensburg Evangelical Church Rev H H Etling. Burial Uniontown cemetery. Body to be moved from Myers parlors Greentown Thursday morning.
The Tire Rationing Board from Canton attends a Columbus meeting on federal tire and tube rationing rules. Court ney Burton of the Ohio State Council of Defense calls the session to outline distribution procedures and define vehicles deemed essential to the war effort. Judge Thomas H. Leahy chairs the Canton board, with Mayor Ed S. Folk having named the panel on Tuesday.
The Palace hosted 60 children from Fairmount Children's Home on Tuesday afternoon. They were invited to view Walt Disney's Dumbo, the annual Christmas feature cartoon. The theater routinely invites Fairmount Home youngsters when a Disney film is playing.
Washington reports fiscal year totals through December 29 with expenses of 11.38 billion including 8.10 billion in war spending, receipts of 4.14 billion, leaving a net deficit of 7.17 billion. Cash balance stands at 3.40 billion, working balance 2.64 billion, public debt 57.62 billion and gold reserve 22.75 billion.
County commissioners restructured civilian defense appointing William Harrington of Alliance as assistant executive manager of the county council. The move follows William H. Gebhart’s resignation from the post, as the county coordinates defense with Canton Alliance Massillon and other communities.
The Mats Inc. stayed unbeaten by beating Hoovers 53 to 32 as Fox scored 18 and Tuiner 10. Westinghouse edged Berleys 35 to 33 for second place with Shaffer on 12 and Simmers 10. Republic Steel beat Timken 38 to 29 led by Smith 14 and Quinn 12. Drop Forges topped Diebold 35 to 17 as Shook had 15. Yale Clothes defeated Kanner Clothes Massillon 74 to 49 with Morrison scoring 20 and Ketler 13.
In Canton leagues last night leaders weakened as Everhard Storm Sash and Suns faltered, while Ramies and Diebold groups gained ground. Charley Fiala’s Diebold squad led the K B Class B half, with Diebolds sharing first in U S Army Ord nance and Advertising Specialties extending ground in De Luxe Women’s Class B.
Fire Chief George E. Jacob and Walter Witham announced plans to enroll 400 volunteer fire fighters for civilian defense in Canton. Enrollment will be at eight city stations, coordinated by the Canton Insurance Club led by John Jacob Jr. The leaders will meet later this week to finalize details and confirm that 400 volunteers meet emergency requirements.
Police report a single Tuesday crash in the 1000 block on 3rd Street SW where Charles A Markle 28 of 803 Tuscarawas Street East sustained contusions to the left shoulder right thumb forehead and nose after his car struck a machine parked at 5 20 p m He was charged with intoxication and taken to Mercy hospital for treatment.
The government acted to shield American consumers from a possible sugar shortage and rising prices by arranging bulk handling of the 1942 Cuban crop.
Canton Wildcats routed the Canton Merchants 80 to 49 at Gibbs School as every starter scored over 10 points. Red Cunningham led Canton Merchants with 25, while Steve Bozeka paced the Wildcats with 21.
East Liverpool police guarded the bridge linking East Liverpool, Ohio, and Newell, West Virginia, after a man named John C. Schuler was detained for taking bridge photographs. He admitted being an Atlantic Mutual Insurance agent authorized to photograph the span for inspection after reports that Japanese intruders had photographed the bridge last summer. Schuler was released with apologies after Newell officials confirmed his authorization and purpose.
Massillon Acting Municipal Judge Arthur N Kaley fined Abraham Jacobs of the Allerton hotel Cleveland 50 dollars and costs for reckless driving. Kenneth Scragg of West Hamlin West Virginia 50 dollars and costs for fictitious license. James Paddock of Dover and Theodore J. George of Geiger Avenue SW each 25 dollars and costs for speeding.
Police hold Roy A. Stout 42 of Marionave SW and Frank A. Clark 56 of 5th St SW for federal thefts. Stout alleged to have pilfered mail bags at a Wooster railroad platform last December. both await arraignment before U S Commissioner Charles Ball.
Mel F. Beal, 70, of Xenia Ohio, longtime Greene County fair exhibitor and horse exhibitor since age 19, died yesterday in Xenia. He built a lifetime of involvement with the county fair and the horse show scene.
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