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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Aug 19, 1941
Page
9
Market news notes closing averages provided by Dow Jones & Co through E F Hutton and NYSE. Industrial, rails, utilities and stocks indices show figures with yesterday and today values as text garbled in the OCR.
Grain futures in Chicago rose modestly on August news with Minneapolis buying and short covering lifting prices before profit taking trimmed gains. Wheat closed about one quarter to five eighths higher in September and December contracts, while corn and oats hovered near unchanged to slightly up.
Local market list shows prices for live poultry and dressed fowl. Leghorns and colored birds are priced by weight with hens, roasters, and squabs offered, including soft breasted roasters and rabbits by the pound.
In New York trading on August 19 scattered pockets of strength appeared while many leaders failed to repeat Monday’s slim recovery. News from Moscow and the US Japan rift cooled buying, with transfers near 400 000 shares and ragged trends dominating the day. Major gains included Loews Paramount Cerro de Pasco and Continental Motors. U S Steel and others lagged.
Noon rates show Canada official control board with 10 percent buying premium and 11 percent selling premium. Open market Canadian dollar discount 15-16 percent or 89.06 cents per U.S. dollar. Britain official rate 4.02 to 4.04, cables 4.0344. Latin and Far East quotes include Argentina 29.77 and 23.85, Brazil 6.06N 5.10N, Mexico 20.70N, Hongkong 25.34, Shanghai 5.17 with minor drops. Rates are spot cables unless noted. N-Nominal.
Metals report shows copper steady at 12.00 spot and 11.00 export FAS New York. Tin remains 52.00 spot and forward. Lead at 5.85 to 5.90 spot in New York with 5.70 in East St. Louis. Zinc steady at 7.25 in East St. Louis. Other metals including pig iron aluminum antimony quicksilver platinum and wolframite unchanged.
U S Department of Agriculture figures show hogs salable 3 500 with weights 140 to 315 pounds. Prices mostly steady to higher for heavier hogs and top at 11.30. Cattle salable 6 500 with calves and steers 1 152 pounds at 12.50 and around 11.25 to 12.35 for grain fed stock. Sheep salable 4 000 with Colorado spring lambs above 11.85 and no early sales.
U S Dept of Agriculture reports Hog prices for 180 240 lb ranges 11.30 to 11.65 top. Heavier hogs 270 300 lb at 0.55 to .90. Sheep show native lambs 11.75 to 12.25, ewes 4.00 to 5.00. Cattle and calves see fat yearlings around 12.60, loads 11.75 to 12.25, best heifers 12.25, cows scarce, bulls 9.25, vealers 13.00 to 13.50.
Hogs inventory and prices remain mixed with 175 truck lots steady. medium to choice 180-240 lb hogs mostly 12.00 to 12.65, light weights 11.25-12.00, sows 9.25-9.75, feeders at 12.00. Cattle supply 550, mostly steady. grass and Mexican types 7.35-8.50, cows 7.25-8.75, bulls 8.00-9.50, vealers 11.00-14.00 with some Brahma calves 10.75-11.10. Calves holdovers 471, steady to 25 lower. sheep 250, lambs 11.10 or more, ewes 5.25.
Cattle salable totals 1 200 with calves 75 and fed heifers at 10 50 to 11 50. Grass heifers 9 50, mixed yearlings 9 35, cows 8 50, canners 5 50 to 6 75, bulls 7 75 to 8 75. Best fed heifers 11 85 flat, steers not sold early. Hogs salable 400, total 600 with 180–240 lb at 11 60–11 65, 240–270 lb 11 25–11 65, sows 9 25–10 00. Sheep salable 4 000, demand higher on killing classes. Colorado spring lambs 11 70 memo.
Cotton advanced in New York on August 19 as crop deterioration in Texas and insect damage in the Southeast boosted demand. Late futures gained 10 to 13 points, with Oct at 16.21 and nearby months around 16.50. Middling spot rose to 16.80.
In Boston on August 19 trade was mostly slow in the wool market with limited demand. Combing one-quarter blood bright fleece wools moved occasionally at 45-47 cents grease, while one-quarter blood territory wools sold at 85-87 cents scoured. Graded French combing length and fine territory wools traded occasionally around 1.03-1.05 dollars scoured.
Los Angeles reports receipts of 122700 pounds of butter and 33200 funds of cheese. Butter in bulk at 37 cents per pound. Candled large eggs 37 cents, mediums 35 cents, and small 26 cents.
Market report shows egg prices holding firm as retailers track supply. Local distributors note stable wholesale costs with limited seasonal variation and steady consumer demand across major grocery chains.
Funeral services for Guadalupe Salgado 49 who died last night at a local hospital will be held tomorrow at 3 30 p m in the Santa Cruz church Burial will be in Holy Hope cemetery The body will lie in state tonight at the family home 20 West 25th street He was born in Sonora Mexico and brought to Tucson at age two He is survived by his wife Prudencia a son Ruben and eight daughters Mary Julia Cecelia Adelia Alice Hortense Gracie and Betty Salgado Funeral arrangements are being completed through the Reilly Undertaking company.
Western region reports near normal temperatures yesterday and last night with numbers across cities. Arizona fair today and tonight with a few showers Mogollon winds in the mountains. New Mexico mostly fair with thunderstorms east of the Rio Grande. Southern California thinning clouds and above normal temperatures. West Texas partly cloudy with scattered afternoon thundershowers.
Washington announced a ceiling price on scrap copper with differentials two to four cents below the 12 cent top for new metal. Price administrator Leon Henderson said scrap copper had fallen far out of line with copper metal and warned defense users could face tighter supplies of new metal unless the trend changed. Effective today the rates are 10 cents per pound for No 1 copper wire and heavy copper 9 cents for No 2 copper wire and mixed heavy copper and 8 cents for light copper.
The Arizona American Legion delegates arrive for registration and a three day state convention in Prescott. Sessions of rules credentials and membership committees precede official addresses by Governor Osborn and Senator E W McFarlain. A grand ball is planned Friday with department officers to be elected Saturday.
The Maricopa County board of supervisors seeks federal aid to clear Salt and Gila river beds seen as flood risk. Emergency work costs about $78,400 with a long range plan at $1,278,000 to remove brush, build levees, protect banks and straighten channels.
Waterloo Harrisburg reports veteran volunteer Harry E. Rochenour Jr. helped battle a blaze at an apartment building after church. An explosion caused severe burns to his face hands and arms before he was hospitalized.
In the Silver Bell district northwest of Tucson the Stump mine reverts to ex owner Robert H. Schops of Los Angeles after a Maricopa county case. Judge Arthur T. La Prade ruled the mine returns to the seller due to payment defaults amid Galen D. Moore of Los Angeles contesting the purchase.
Phoenix report states Lee Lowery a University of Arizona graduate and former student body president will depart for Fort Bliss Texas for a medical exam before assignment at Luke Air Force Base. He serves as a lieutenant in the cavalry reserve and has worked with a private news gathering group since 1938.
A chaotic page of classified notices and specials lists multiple merchants and services. Offers include steel windows at low prices, furniture buying and trade, flower shop services, car washing, appliance care, and rental notices. A missing tortoise named "Fluffy" is also noted with a partial grid address.
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