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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Aug 26, 1940
Page
9
The Associated Press reports closing stock averages from Dow Jones Hutton and NYSE members. Industrials stand at 125.48, Rails 22.00, Utilities 26.85, with miscellaneous figures shown for Monday.
The market page lists closing or bid prices for several bonds and stocks. Notable entries include Baldwin L 6s at around 114.4, Cities Service 5s near 77, Glen Ald Coal 4s at 73, Pen P L 4s at 103, Safe Harbor 4s at 107, Stand P&L 6s at 69, Texasi S-58 at 105, Western Union 6s at 51.
Stocks showed renewed weakness with only a few steels and motors gaining modestly. About 175000 shares traded near a 22 year low as investors awaited tax legislation while gains and losses remained fractional and many issues did not open.
In New York exchanges on Aug 26 Hong Kong and Shanghai currencies fell while other major free rates held steady. Canadian dollars traded with premiums and discounts, U S dollars pegged by the Canadian control board, and official versus open market rates listed for Britain, Germany, Finland, Greece, Hungary, Italy, Argentina, Brazil, Mexico, Japan, Hongkong and Shanghai with spot cable references.
Cotton prices eased in quiet trading as hedge pressure and light demand limited activity. Late afternoon quotes showed modest drops with October at 9.17, December 9.15, July 8.67, while futures closed mixed to higher. Middling spot at 9.90N.
Produce exchange receipts show butter 123800 pounds cheese 6100 pounds eggs none. Butter in large eggs candled priced at 0.30, eggs medium 0.25, eggs small 0.16 per dozen.
In New York on August 26, the bar silver price held steady at 34 percent with no change noted in trading activity. The brief market note records the latest quote and signals stable sentiment for silver futures and spot markets.
Wheat contracts for December 1940 and May 1941 delivery spiked as prices rose over a cent per bushel. Mills bought to cover hedges amid flour demand, while brokers noted distant-coverage purchases and short covering joined the advance. Wheat settled up about 0.6 to 1.0 cent with corn and oats also higher.
Boston August 26 fair demand for fine territory and Texas wools with prices holding. French combing length wools in original bags sold at 82 to 85 cents scoured. Good French combing length bags brought 85 to 87 cents scoured. Limited interest in medium territory grades. Good to choice 12 months Texas wools in original bags sold 83 to 87 cents scoured.
General Electric reports orders in the third quarter at a rate above the second quarter and near the 1929 record. backlog stands at its best in years. Norfolk & Western Railway July net income near $2.69 million, $1.86 per share. Detroit Edison and subsidiaries 12 months to July 31 1940 net income $10.54 million, $8.28 per share, vs $9.79 million, $7.69 in 1939.
Orders and shipments of Baldwin Locomotive Works and subsidiaries including Midvale Co for July showed improvement over the same month in 1939. Backlog at month end was substantially higher than a year earlier.
The failure of the Gillette Safety Razor Co. directors to declare a common dividend interrupts a continuous annual dividend payment run dating back to the company’s 1917 organization. The predecessor firm also maintained a long dividend history.
U S Dept of Agr reports cattle, hogs and lambs traded with gains on many classes. Prices vary by weight and region noting higher hogs and steers while sheep tended steady to higher with best lambs above 10.00 in some areas.
Copper steady at 11.00 spot Conn Valley and 9.90 export FAS NY. Tin steady at 4.90-4.95 New York and 4.75 East St. Louis. Zinc steady 6.50 East St. Louis. Pig iron No 2 FOB Eastern Pennsylvania 24.00 Buffalo 23.00 Alabama 19.38. Aluminum virgin 99% 18.00. Antimony Chinese spot 14.50. Quicksilver 184.00. Platinum pure 38.00. Chinese wolframite duty paid 22.56-24.00. Domestic scheelite 22.00.
In Hollister and O'Regan's private briefing the chief pushes to charge Sonny Hollister after a car crash linked to a missing boy. Sonny insists she is telling the truth as police question witnesses and search rogues gallery photos for clues. The chase continues with family doubt and mounting pressure.
The city issues a notice of a hearing on the sixteenth day of September 1940 at 8 p m in the City Hall Council Chamber Tucson for property owners or interested persons to appear and be heard or show cause why action should not be taken by order of the Mayor and Council dated August 19 1940.
Weldon M. Anderson declares intention to sell at a single transaction the stock of goods and fixtures from room 19 East Pennington Street Tucson to Andy Andersons' Ltd. Clothiers a corporation on August 31 1940 for stock in the corporation. Dated August 20 1949. Notary R Van Gorder acknowledged. Published Aug 21 22 23 24 26 27 1940.
Notice sets sale for September 19 1940 at 2 PM at City Hall Tucson to accept bids for the vacated east west alley in Highland Park Addition Block 5 between Lot 3 and Lot 1. Auction follows Ordinance No 877 by City Clerk Charles C Irvin. Published notices span multiple August September 1940 dates.
Scottish engineer William Paterson, who patented the Ander son air raid shelter and offered it to the nation as a gift, has none for himself.
The City of Tucson Mayor and Council announce a public hearing to amend Ordinance 647. It would reclassify the West 100 feet of Lot 11, Block 18, Fairmount Addition from Class A Residence to Class A Business behind Campbell Avenue and East Sixth Street. Local residents and property owners may attend.
Puzzle clue notes list two definitions: Gasoline as slang and a body limb. The entry set hints at a standard crossword fill with numbered positions 47 and 49. The reader is invited to solve the crosswords using common crossword slang and anatomy terms.
The Mayor and Council will hold a hearing on the amendments to Ordinance 647 on September 3 1940 in Tucson. It proposes reclassifying Lots 1 6 Block 3 and Lots 9 16 Block 22 Feldman Add to from Class A to Class B Residence. Public notice dated August 5 1940.
A white and tan cockrell snane named Win went missing between 7 and 8 Sunday on North First. It is a year old male. A reward is offered. Phone contact not provided.
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