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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Aug 08, 1940
Page
9
The Associated Press notes closing stock averages from Dow Jones through E. F. Hutton for Wednesday and Thursday. Industrials around 125.09 to 125.13, rails near 26.71 to 26.70, utilities about 22.56 to 22.56, and bonds listed at 40.
New York traders pared early gains as government crop data slightly exceeded estimates. July futures rose briefly but faded. October 9.37, December 9.27, March 9.05. Prices closed 9 to 12 higher. middling spot at 10.28, up 6 cents.
Metals news from New York on August eight shows copper barely steady with spot and forward ranges in the 9.90 FAS NY export class, tin at 52.00 spot and 50.62 forward, lead around 4.85 to 4.90 in New York and 4.70 in East St. Louis, zinc at 6.25 in East St. Louis, and several other metals including pig iron aluminum and rare minerals unchanged.
The Boston wool market stayed quiet with inquiries for fine combing bright fleece wools at 33 to 35 cents in the grease. Country graded bright fleece wools at 39 to 40 cents, with 36 to 38 cents bids often rejected though small lots moved at about 38 cents.
Produce exchange receipts show butter 61,100 pounds cheese 104,200 pounds eggs 1,055 cases. Butter in bulk 29 percent. Candled large eggs 26, do mediums 23, do smalls 16.
Aug 8 stock activity shows no definite trend with gains and losses minimal and turnover around 200 000 shares. Traders blame the European war and tax policy for the stalemate while investors await clearer signals from Britain and industry earnings.
The British free pound and Canadian dollar fell against the U S dollar in today’s trading. The pound stood at 3.915 dollars, down 2.5 cents, while the Canadian dollar quoted 86.5 cents, down 0.375 cent amid a wide list of international rates and open market figures.
American Airlines reports a 50 percent rise in passengers for July 1940 compared with July 1939. Revenue passengers reached 84,961 this July, vs 51,546 last year, while revenue passenger miles totaled 29,507,321 vs 19,301,587.
Hogs salable 2,000 in Kansas City with top at 9.36 and prices 5.75 to 6.30 for various weights. Cattle salable 2,600 with strong demand for fed steers and heifers, ranges from 7.00 to 11.25 for quality lots, vealers firm to higher. Sheep 1,500 with spring lambs up 25 to 50 cents and top notes for Colorado and native lambs. Chicago hogs opened strong and traded 10 to 15 higher, top 6.75, weights 180 to 330 pounds. cattle and calves also firm with highs near 12.10 for prime western Nebraska stock.
Denver cattle salable 300 with calves 100. killing classes steady, cows 5.25-6.65, vealers 8.00-11.00. Hogs salable 600, 180-270 lb 6.50-6.75, 270-300 lb 6.25-6.50. sows 4.75-5.35. Sheep salable 5,400, nothing done, Colorado spring lambs 9.50 Wednesday.
U.S. Department of Agriculture market update shows hogs salable 500 with top five at 7.45 for 180-220 lb Californias. cattle 350 with fat steer loads at 10.00 and Mexican steers at 6.60. calves 100 with vealers to 12.00. lambs 7.75 to 8.75 for shorn and wooled options. Local feds and variety of cows bulls and sows listed with price ranges.
The University of Arizona ground school for CAA student pilots closed yesterday with 29 students and auditors taking the government examination. Those who pass gain technical qualification for private licenses, while flying hours and a government flight test remain to complete license requirements. If a student fails, a second attempt is offered within 30 days.
Junior Chamber of Commerce members set a 6:30 p.m. dinner for August 19 at the Santa Rita hotel. Jack Wilson, secretary, said plans will be discussed for the annual Cactus Bowl in December and for the Hallowe'en Mardi Gras.
Silver prices in New York held at 34 percent for standard bar silver as markets closed. No change from the previous session was reported, with buyers and sellers awaiting further cues.
A fragmentary note describes room and board on a trip with indecisive remarks and pauses. It captures informal chatter about packing and departure amid uncertain plans.
Chicago August grain markets weaken on rain and cooler Midwest forecasts. Corn leads decline with September at 61 cents, soybeans drop up to 3 cents, edible oils and lard slide to new lows. Wheat oats rye also retreat amid weaker buying power and oil competition.
The Tucson Chamber of Commerce will be represented by Karl Barfield C Edgar Goyette and J M Proctor at the Southwestern Chamber of Commerce convention in Ruidoso New Mexico August 12 and 13 The Junior Chamber will send Bill Knoyer and Jack Wilson The group plans a film preview of Arizona and the aims include southwest development with 100 plus chambers of commerce as members
The business committee of the Tucson Chamber of Commerce will meet with the city license committee this evening to discuss license issues tied to the November premiere of Arizona. Secretary C Edgar Goyette said the aim is to clear up problems for local merchants and business men.
Tucson Regional Plan Inc. directors held a luncheon at the Pioneer hotel with planning engineer Ladislas Segoe and resident engineer T. W. Mathews. Mathews will stay in Tucson indefinitely, Segoe plans to remain through the week as the group outlines this year’s objectives after a city council briefing.
In Wilson North Carolina on August 8 physicians counted 5384 gall stones removed from a 50 year old Black woman at Wilson hospital setting a regional record. Stones ranged from pea to grain of salt in size and nurses finished the count after two long nights.
Within a few days 10,000,000 tons of bully beef were loaded on ships at Buenos Aires bound for Great Britain, signaling a large wartime food transport.
Southern Pacific ordered 20 streamlined passenger locomotives from Lima with deliveries expected late this year. Coca Cola reports June 30 1940 surplus for common stock of 8584503 or 2.15 a share up from 1939. June quarter records show largest operation volume in Coca Colas history and new highs in miles flown and revenue passengers carried across domestic airlines.
Higher manufacturing costs and taxes will push new car and truck prices up by about 3 to 5 percent as 1941 models hit showrooms in coming weeks.
Liquid Carbonic corporation announces net earnings of 1,009,978 for the second quarter of 1940, equal to 1.44 per common share, versus 747,716 or 1.07 per share in the same period of 1939.
Too late to classify notice calling for best prices on lumber and flowers. Unfurnished rooms and Kelvinator promotion advertised with small payment terms. Wanted light coupe up to 250 and an experienced grocery clerk for Market Spot at Speedway.
The City of Tucson Civil Service Commission announces an examination for Stock Room Clerk. Applicants must file written applications on official forms available at the Commission office on or after this notice and return them in person to the office.
Examinations open to qualified U.S. and Arizona citizens. Fingerprinting required at filing. Last date for applications 5 p.m. August 21, 1940. Exam timing to be announced. Age 21 to 60. Post by Frank R. Cottrell, Clerk. Published August 8, 1940.
In the Superior Court of Arizona Pima County the petition of L A Lohse seeks probate of William Vincent Whitmore's last will. The hearing is set for August 19 1940 at 9 30 AM in Tucson. interested parties must appear to contest. published August 6 7 9 10 12 13 14 15 16 1940.
The Mayor and Council of Tucson will conduct a public hearing at 8:00 PM on August 26 1940 in City Hall Council Chamber. The hearing concerns a zoning ordinance covering Mundo Vista Addition and adjacent annexed areas described in Ordinance 858. Written objections should be filed with the City Clerk before the hearing.
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