Market Report To Be Published Daily By The Citizen
The Citizen explains late NYSE close due to Mountain Time prevents full same day market report. To keep readers informed, a full market report will be published daily.
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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Aug 12, 1940
Page
11
The Citizen explains late NYSE close due to Mountain Time prevents full same day market report. To keep readers informed, a full market report will be published daily.
Closing averages supplied by Dow Jones through E F Hutton and Company show the 30 Industrials, 20 Rails, 20 Utilities, and 40 Bonds sectors. The Saturday reading reports values such as 26.75 for SAT Lee and 126.90 for SATURDAY with 26.86 for Senn and a fragmentary entry for Hees.
On Aug 10 exchange in New York shows the free British pound at 1% cents to 3.97 dollars after yesterday’s surge toward the Bank of England level. Canadian and international rates follow, with open market discounts and various parity figures for currencies including Canada, Germany, Argentina, Mexico, Japan, Hong Kong and Shanghai.
Chicago traders opened on a weaker note as the government crop report projected larger 1940 grain crops but losses recovered as buy orders appeared. Corn finished 1.4 cents lower, oats down 14 percent, wheat steady to 4 points higher, and lard varying.
The Weather Bureau reports a disturbance formerly over northwestern Louisiana has moved northeast into central Arkansas. Rain is expected across northeast Texas northern Louisiana Mississippi Alabama western Tennessee and Missouri.
Weather outlook shows fair conditions across Arizona New Mexico Southern California and West Texas with only minor changes. Expect isolated thunderstorms in higher elevations and some morning fog along the coast in California. Temperatures remain relatively steady with cloudiness in southern portions and light offshore winds.
Quiet strength of selected industrials lifted prices in today's brief session with fractional gains. Buying flurries spurred around 175000 shares traded as market sentiment favored a temporary turn, aided by improving yesterday’s performance and hopes of reduced selling.
Denver trades report higher fed cattle and calves with steers up 10-15, heifers 8-10, hogs steady to higher and sheep lifting. Los Angeles and Chicago show week gains in hogs and cattle, with top hogs around 7.50 and cattle to 12.10 for prime steers, while Idaho and Colorado offerings influence prices.
U S Dept of Agriculture report shows hogs nominally steady with some 15-35 higher for lights and butchers and sows. Cattle and calves strong week with grass steers and feeders up 25-50, top fed steers 11.50 to 11.40 per cwt. cows around 6.50. vealers 9.50. Sheep and lambs gainers with spring lambs about 9.25 late, natives 8.00-8.40. Colorado ewes at 3.60.
Los Angeles reports butter receipts of 201 700 pounds and cheese 8 000 pounds with butter in bulk 291 percent and egg sizes candled large 24 mediums 16 smalls 16. Chicago spot receipts show butter 719 477 pounds and eggs 6 712 with no trading today.
Cotton futures showed an uneven session after the new cotton loan announcement with final quotes 6 points down to 6 points up. Near months faced heavy liquidation pressure as forward positions looked more attractive and turnover was the strongest in weeks. Oct 9.30 Dec 9.27 Jan 9.17N Mar 9.13 May 8.94N Jul 8.77 Middling spot 10.07N.
Pete Bauknight parked his car near a former residence in Walhalla South Carolina and returned to find the vehicle smashed by a raging bull. The owner quoted that the bull charged after seeing its image in the headlights.
Financial Briefs notes a past error by financialists who underestimated soft drink popularity after liquor repeal. It argues Coca Cola and Canada Dry would have yielded record earnings and dividends. It also reports Cuba calling bonds through a sinking fund, redeeming nearly a million of the 5 percent bonds due 1944.
A major bond sale saw the City of New York issue 30 million dollars in serial bonds to Chase National Bank and 73 other banks and investment houses. Initial maturities were bought by participating banks while remaining bonds were offered to the public. Coconino county may issue 25,000 Court House Highway and rail bonds next Monday, possibly at record low interest costs. The county is noted for strong standing with investors and bonds averaging two years in life.
Metals New York notes copper steady with electrolytic spot 10.75 to 11.00 and export FAS NY 9.90. Tin holds at 51.75 spot, 50.50 forward. Lead and zinc steady with New York spot copper at 4.75 to 4.80, East St. Louis 4.60 for lead and 6.25 on zinc forward. Pig iron aluminum antimony quick silver platinum tungsten and domestic scheelite unchanged.
In Brainard Minnesota Judge Richard Ebert addressed his own court after an over time parking offense. He pleaded guilty and was fined two dollars with a warning not to repeat the act.
Wool sales in Boston were sparse with demand focused on small lots of fine wools in original bags. Quotations for graded combing bright fleece wools held steady at 33-35 cents in grease for fine combing delaine, 34-36 cents for one half bloods, and 38-40 cents for three-eighths and one quarter blood wools. Low one quarter blood combing wools remained firm at 40-42 cents grease basis.
Berlin reports that financial institutions in occupied France are under German supervision by orders of Commander-in-Chief Walter von Brauchitsch. Carl Schaefer is named German commissar for the Bank of France and head of the supervising board for banks in France. He previously led the Bank of Danzig.
In the Superior Court of Arizona Pima County a hearing is set for August 19 1940 at 9 30 am to admit the last will of William Vincent Whitmore to probate and grant letters testamentary to L A Lohse all interested persons must appear to show cause in Tucson.
Crossword clues list with across and down hints. Abound in frogs Through Composition for two Rumple Fabulou bird Gets out slang Theater box Ascend Coronet Capital Latvia Kind of Goddess of dawn Stunted creature Ceremony Female sheep Pertaining to dogs Affirm Piles Nimble Kind of flower Incessant Down 1 Railroad car 3 Timid 4 Pronoun 5 Divides 6 Early play 7 Gulp 8 Part of Yesterday s Answer 41 Deciliter abbr
The Mayor and Council of Tucson will hold a public hearing at 8:00 P.M. August 26 1940 in City Hall Council Chamber to consider a zoning ordinance for Mundo Vista Addition and surrounding annex areas. Written objections encouraged and filed with the City Clerk before the hearing.
Notice states a special stockholders meeting for C I Publishing Company in Tucson on August 22 1940. It notes the company has discharged all obligations and has no assets to distribute and includes a financial report as of July 13 1940 with no assets or liabilities.
Multiple small notices advertise bicycles new and used repairs for all makes, lawn mowers and grinding, pick up and delivery by Russell and Shepherd, 213 N Fourth Ave. Also greenhouses, car services, flower shop, lumber deals and more at Central Auto Park and other nearby locations.
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