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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Aug 04, 1941
Page
10
Market news from the Associated Press notes closing averages furnished through E F Hutton Co. at the New York Stock Exchange. The report is presented Saturday and Monday by Dow Jones & Co., with members of the New...
Livestock prices mixed with hogs salable 3,000 and top 11.20, cattle 12,700 total with steady to strong demand, calves 1,600, stockers and feeders 8.75 to 11.25, yearling stock 11.75, light-weight calves 14.00, sheep 8,300 with bids lower early but steady overall. Prices reflect August market activity and regional grading.
U S Department figures indicate hogs at Chicago trading 10 000 head with uneven prices mostly 10 to 15 higher than Friday. Sows 9 25 to 10 50, fat sheep scarce, lambs up about 25. Cattle and calves 9 500 and 700 with bulls strong to 15 higher and best light steers at 12 75.
Market summary from Denver shows cattle salable totals 3 500 with bulls and vealers steady to lower and vealers at 13.50 top. Hog sales around 2 200 with fair activity and prices 10.25 to 11.50 for various weights. Sheep salable 10 200 with buyers seeking higher prices, Colorado springers above 11.25 and overall cautious demand.
Hog supplies 1,300 head with prices 12.00 to 12.50 for 170 to 240 lb, sows 8.50 to 9.25. Cattle 3,200 head opened steady, fed steers 11.00 to 12.00, calves 10.00 to 11.65, feeders 8.75 to 9.00. Sheep 1,400 head, lambs around 11.00, yearlings 8.60, ewes 3.75.
Noon foreign exchange rates show the Canadian dollar at 1153. per cent discount 88.72 U. S. cents. British official rate banks buy 4.01 sell 4.04 New York market cables 4.03. Argentine 29.77 official 23.84 free. Brazil 6.06 official 5.10 free Mexico 20.70 Hongkong 25.42.
Los Angeles reports produce exchange receipts showing butter 249200 pounds cheese 155600 pounds and eggs with no cases. Butter in bulk 37 percent. Candled large eggs 36 percent medium eggs 32 percent small eggs 23 percent.
Fire and casualty firms report rising premium volume to the New York State Insurance Department. Increased plant size inventories and employment drive higher policy values. OTC insurance stocks trade near year highs as public demand grows.
Timken Roller Bearing Co. announces sales in the second quarter rose from the first quarter and the first half likely reached a record high. The statement highlights stronger demand and improved performance for the period.
Dow Chemical Co the largest and then sole US producer of magnesium more than doubled its plant investment for the fiscal year ended May 31 1941 Net earnings reached 7 770 547 compared with 7 159 167 the prior year
Pacific Lighting Corp reports net income of 6,653,610 for the year ended June 30, 1941, or 3.51 per share, up from 5,235,325 or 2.63 per share for the year ended June 30, 1940.
Anaconda Wire & Cable Co posts a six month report ending June 30 1941 showing net profit of 1 410 519 or 3 34 a share up from 497 259 or 1 19 a share for the comparable period in 1940.
New York cotton markets rose on parity hopes with gains over a bale, then eased on profit taking and nervous selling. October to July futures closed 7 to 13 points lower from late highs, with middling spot at 17.47.
In New York on August 4, metals showed a mix of steady to firm quotes. Copper electrolytic spot ranges 11.00 to 12.00 with export FAS NY 11.00-12.00. tin at 52.75 spot and nearby, forward 51.75. lead 5.85-5.90 spot. zinc at 7.25. pig iron Nos 2 priced at 25.00 FOB Eastern Pennsylvania, 24.00 Buffalo, 20.38 Alabama. aluminum virgin 99% at 17.00. antimony Chinese spot 16.50. quicksilver 190.00. platinum 36.00. Chinese wolframite 25.00-26.00 duty paid. domestic scheelite 24.00.
U S department notes limited interest from a few worsted producers in Boston. Graded combing fine territory wools see moderate demand at 96 to 98 cents scoured. Topmakers buy small lots under a dollar scoured. Fleece wools steady with no price change from last week.
Dori Hjalmarson the educational adviser of the Arizona district Civilian Conservation Corps since its organization left Phoenix today for active Army service at Fort Custer Michigan. He is a first lieutenant.
Edward Gunn, 21, arrives in London on his birthday after voyaging 7000 miles from the United States to join the Royal Air Force. He left his California job and sailed as a deck boy on a Norwegian steamer to reach Britain.
New York market opened subdued with slight bids as leaders failed to sustain gains. Motors, aircrafts, oils and scattered specialties showed strength while steels lagged. transfer activity neared 650000 shares with notable movers including Santa Fe Chesapeake & Ohio General Motors Chrysler Willys Overland Standard Oil Union Carbide North American Aviation Sears Roebuck and others. Twentieth Century Fox Boeing Lockheed Consolidated Aircraft rose to yearly highs. American Viscose appeared on opening block then slipped. Laggards included U S Steel Goodyear Southern Pacific Air Reduction Allied Chemical Dow Chemical American Smelting Anaconda and General Electric.
Chicago grain market on Aug 4 sees May 1942 wheat futures near 1.18 as traders price in terms of a price control bill limiting ceilings to 110 percent of parity. Cash wheat, corn, oats and soybeans also hit multi-year highs amid tight storage and rising flour trade activity.
Cairo Aug 4 17 persons were killed and 58 injured in an Axis air raid in the delta near the Suez canal zone the interior ministry reported. Air alarms sounded in Cairo Alexandria Suez Port Said and several provinces with gunfire heard but no bombs fell on the city.
New York City saw a population rise from 6,930,446 in 1930 to 7,380,259 in 1940. The decade marked notable urban growth with continued migration and expansion across boroughs.
White men and women of Prescott’s Smoki group staged a 21st civic program to preserve southwest Indian rituals. More than 4,000 spectators viewed dances including Jemez Buffalo, Laguna dog, Apache devil, Picarius sun, and the spine tingling Hopi snake dance climax.
The U S weather bureau reports charts showing heavy winds near Guam possibly typhoon proportion. Reports from Pan American Airways and the Navy office had not confirmed a typhoon there though a typhoon was suspected and the Philippine Clipper was ordered back to Manila.
Parish guilds in Ireland begin cooperative grain and potato farms aiming to boost local supply. Community organizers say the move fosters shared resources and fair distribution amid changing agricultural conditions.
Thrift offers and ads show a mix of historic classified notices. The piece lists prices for car washes, furniture buying, and trade in services, along with job and lodging inquiries. It references locations, phone numbers, and businesses like Hubbard's Nurseries and a furniture cash offer.
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