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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Aug 28, 1940
Page
11
Wheat futures edged off session highs and closed little changed from yesterday as mills and traders bought on hedges while profit taking and Balkan crisis fears prompted some liquidation. Domestic loan program demand limited downside with large holdings staying locked in. September and December quotes show small declines and gains across wheat and corn.
Produce exchange receipts show butter 131900 pounds cheese 109400 pounds eggs none. Butter in bulk 0.30 candles large eggs 0.31 4, mediums 0.27 smalls 0.18.
Leading stocks edged higher on August 28 aided by a moderate buying wave. Brokers cited technical factors and England’s war outlook as dampeners on a sustained rally. Steels motors aircrafts and rails led initial gains. later action drifted with curbing momentum.
Exchange news shows Hongkong and Shanghai currencies rising against the dollar while major free rates hold near prior close. Official Canadian and other foreign exchange rates list buying and selling premiums and open market quotes for currencies including the Canadian dollar Great Britain Germany Japan Hongkong Shanghai and Mexico with spot cable references.
Cotton markets showed steadiness as trade, mill, and local buying supported prices. Firm securities and Texas crop loan expectations lifted nearby futures with Oct at 9.21, Dec 9.18, May 8.86, and spot middling around 9.89 cents.
Copper steady at 11.00 spot in Conn valley and 9.90 FAS NY export. Tin steady at 50.62 spot with 50.20 forward. Lead steady 4.90-4.95 New York, 4.75 East St. Louis. Zinc steady 6.50 East St. Louis. Pig iron aluminum antimony quicksilver platinum Chinese wolframite and domestic scheelite unchanged.
The Navy negotiated a $10,865,200 order for gun equipment to Westinghouse Electric & Manufacturing Co. Public Service Electric & Gas orders a new Burlington generating unit costing $11.5 million to be ready in 1943. Steel industry notes include furnace repairs and capacity changes at Bethlehem Steel Buffalo, plus Youngstown district output cut to 83 percent.
General Motors announces new Delco Remy plants in Anderson Indiana to produce aluminum castings for airplane engines by the Allison division.
Selznick International Pictures dissolves due to uncertain Hollywood outlook driven by war. Liquidation largely affects international operations with producing and distribution contracts transferred to David O. Selznick Productions, Inc., a new California corporation.
Hogs salable 600 with prices up to 8.25 for 198-199 pound weights. cattle salable 500 with steady to higher trend for cows, steers 6.75 to 8.50, calves 8.00 to 10.00, and bulls 6.40 to 7.25. Sheep salable 500, few sales steady, light lambs 8.50, deck stock 7.85 for 74 pound weight.
Denver and Chicago markets show cattle salable totals around 1800 and 12500 respectively with steers in the 9.25 to 10.25 range and feeders near 10. Hogs run up to 7.25 for 180-240 pound animals while larger weights fetch 6.75 to 7.25. Sheep totals exceed 12,500 with the best spring lambs near 9.50 to 10.15 and natives around 9.50 to 9.75, with overall steady-to-lower trends in select classes.
U S Dept of Agriculture notes Hogs salable 5 000 total 7 15 top for all grades 180 270 lb 6 90 7 15 280 310 lb 6 60 90 around 425 lb butchers 6 35 sows 5 40 6 10 stock pigs 5 70 down Cattle salable 7 000 total 7 500 calves salable 800 total 900 choice fed heifers 11 90 12 00 short load mixed yearlings 11 60 coke fed steers 11 50 12 00 medium to good fed steers 9 00 10 50 small lots cows 7 00 50 heavy sausage bulls 6 50 75 choice dealers up to 10 50 Sheep salable total 2 500 slow opening bids on native spring lambs slightly lower but stronger asking prices best natives above 8 75 Colorados above 9 25
Silver futures in New York on August 28 remain unchanged at 34 percent after brief activity. market watchers note little price movement and steady demand for bar silver.
The U S department of agriculture reports a moderately active Boston wool market with prices firm. Combing three eighths blood territory wools sold at 77 78 cents scoured basis. Original bag lines of good French combing length fine territory wools brought 85 86 cents scoured basis. Fine original territory wools running good French and staple combing lengths brought 87 88 cents scoured basis. Graded combing bright fleece wools brought 40 42 cents in the grease for three eighths and one quarter blood grades.
Chris Craft officials announce four 34 foot unsinkable speedboats shipped to the navy as bombing targets. Remote radio control will allow steering from bomber cabins after secret tests on the St Clair river. In wartime boats could serve as torpedoes with explosive charges.
London August 28 The American ambulance corps of Great Britain received a gift of 20000 dollars from Countess Barbara Hut ton Haugwitz Reventlow, a dime store heiress, for ten more ambulances to add to its fleet of 260 vehicles.
A collage of short ads lists bike sales and repairs, lawn mower service with free pickup, popcorn for sale, and small apartment rental notices. Includes contact phone numbers and addresses for Russell and Sheperd, V Downey, and 107 N. 2 Ave, plus a note about leaving for San Diego and a boy’s bicycle with case.
Notice announces Walter R Flach Tucson Arizona will sell his stock in trade in a single transaction to Shell Oil Company Incorporated on September 6 1940 in Pima County Arizona The document is sworn and acknowledged by Walter R Flach and notarized by William De Cook with a commission expiration in 1940 and published dates August 28 29 30 31 September 2 3 1940.
The Mayor and Council of Tucson will hold an 8:00 p m hearing on August 26, 1940 in City Hall to consider a zoning ordinance for Mundo Vista Addition and parts of Morningside and Himmel additions including sections in Town ship 14 S Range 14 E. Owners or interested persons may appear and object.
Greek letter and a metal yield crossword answers. The list includes a higher musical note clue and a metal in a compact puzzle entry.
The City of Tucson postponed a proposed ordinance hearing to September 9 1940 due to lack of a quorum. Objections in writing were requested to be filed with the City Clerk prior to the hearing. City Clerk Charles C Irwin announced the order and publication dates.
In the Superior Court of Arizona County of Pima the Executrix of the Estate of John C Devine deceased summons creditors and all claimants to exhibit their claims with vouchers within four months after the first publication. Notices dated August 21 1940 and published August 21 28 September 4 11. Grace Devine Executrix, 503 W Congress St Tucson AZ, attorney A O Johnson TB 5omnan Aug 21, 28, Sept. 4, 11.
City of Tucson mayor and council propose amending Ordinance 647 to reclassify West 100 feet of Lot 11, Block 18, Fairmount Addition from Residence to Business. Hearing set September 16, 1940 at 8 p.m. in City Hall chamber. property owners may appear. Publication dates August 22 through September 5, 1940.
Public auction set for September 19 1940 at 2 PM at City Hall Tucson to sell a vacated alley in Highland Park Addition Block 5 between Lot 1 and Lot 3. Sold for cash in United States dollars per Ordinance No 877. Dated July 15 1940 by Charles C Irvin with extensive publication dates listed.
Ordinance 647 proposes changing Lots 1–6 Block 3 and Lots 9–16 Block 22 Feldman’s Addition from Class A to Class B Residence. The council meeting on September 3, 1940 allows public appearance or showing cause. Pub Aug 15–29, 1940.
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