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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Dec 03, 1940
Page
10
Closing averages for stocks listed on the New York Stock Exchange show indices in the industrial, railroad, utilities and overall market segments. Figures for Monday and Tuesday indicate slight changes across sectors with the industrial index around 130.9, rails near 28.0, utilities about 20.1, and the overall index near 43.7.
Cotton futures gained with Liverpool strength and improved trade as March contracts led buying to fix prices against Russia sales. December cover was evident while hedging stayed light amid ongoing holding and small spot selling. Prices closed 6 to 9 points higher with Dec at 10.13 and Mar at 10.16.
Exchange notes a renewed rally in the Hongkong dollar in New York trading after last week’s losses. The report lists late rates for major currencies including British, German, Swiss, Japanese, and American markets with spot cable references.
On December 3 in Los Angeles market reports show butter receipts 109700 pounds cheese 31400 pounds eggs 1200 cases. Butter in bulk 34 percent Candied large eggs 33 percent candied mediums 30 44 percent candied smalls 26 percent.
Livestock receipts total 1 450 from hogs cattle calves and sheep with mixed trends. Hogs 500 head mostly steady with some bids 10 to 15 lower for 165 to 215 pound animals. Cattle 600 head fully steady with ranges for steers heifers cows and bulls. Calves 300 head steady with vealers and slaughter calves noted. Sheep 50 head steady with lamb and ewe values provided.
Denver December 3 cattle salable 1100, total 1300. calves 400, total 500. fed heifers 9.00 to 10.65. odd cows 5.50 to 5.75. vealers 11.00 down. stock steers 9.25 down. hogs salable 600, total 1300. good and choice 180-300 lbs 5.85 to 6.00. sows 5.25 to 5.65. lightweights 5.75. bulls 5.50 to 6.50. Sheep salable 5800, total 6300. fat lambs 8.50 to 8.75. best above 9.10. native ewes 3.50.
Salable hogs 24 000 total 35 000 active strong to 10 higher than Monday. Top 6 30, bulk good and choice 210 330 lb butchers 6 15 6 30, lights 6 00 6 20, underweights 5 60 6 00. Cattle salable 9 000 calves 1 500 bulk steers 9 75 13 50. most yearlings 13 50, 12 00 for best, 10 50 down to 8 50 for others. Canner cows steady to 5 85. Sheep 6 000 6 500, fat lambs weak to 25 lower, top 9 50, western lambs around 9 40 125 lb, native lambs 9 25, common down to 7 00, ewes 4 50.
U S Dept. of Agriculture Kansas City prices show hogs salable 3000 head. slaughter hogs mostly 5-10 higher with top at 5.95. Cattle salable 4500 total 4600. fed steers early 8.25-10.50 per cwt, vealers 8.50-10.50, canner cows 4.50-5.75. Sheep salable 5000, opening sales firm, feeder activity steady, lamb bids around 8.50, best over 8.75.
Wheat futures stayed in a tight band with December firming to around 90 cents, fading to close near 89 1 2. Corn weakened throughout the session, trading near session lows as December and May contracts posted declines, with oats also slipping. News offered little guidance and broad interest remained tepid.
In Boston on December 3, the wool market showed a waiting stance with few buyers for domestic wools. Quotations remained unchanged and largely nominal amid weak demand, while occasional inquiries for finer South American wools produced little actual trading and no price changes.
Copper steady in New York spot and Connecticut valley, tin unchanged at 50.20 spot with forward 50.05, lead steady near 5.50 to 5.55, zinc at 7.25 East St Louis forward, pig iron aluminum antimony quicksilver platinum wolframite and scheelite unchanged across the board.
Eight automobile and parts companies in the Detroit area are investing more than 120 million dollars in new plant construction and in machinery and equipment for mass production of airplanes tanks machine guns and other armament items for the United States and Great Britain.
The report shows net income of 9 16 471 dollars for the 12 months ended October 31 1940, or 1.36 dollars per common share, versus 7 498 074 dollars or 1.06 dollars per common share for the year ended October 31 1939.
Air Reduction announces a $2,000,000 purchase of Vanadium Corporation of America's 10 year 2 percent convertible debentures at par and 28,571 shares of unissued common stock at $35 a share as part of an investment deal.
American Car and Foundry, a leading railroad equipment unit in national defense, reports net income for the six months ended October 31, 1940 of 823,655 dollars or 2.84 dollars a share on preferred stock, reversing a loss of 1,746,678 dollars for the same period in 1939. Backlog as of October 31 totals 15,611,801 dollars.
Crown Zellerbach and subsidiaries report for the six months ended October 31 1940 a net profit of 3836975 dollars equal to 1.11 dollars per common share versus 3662982 dollars or 1.03 dollars a share in the prior six months.
Anaconda Copper Mining Company declares a 75 cent dividend payable on December 23. This brings total dividend payments for 1940 to $2 per share, compared with $1.25 paid in 1939.
In New York trading on December 3, buyers were scarce and many leaders drifted to small declines. Overall activity was slow, with about 450000 shares exchanging hands the smallest full session in six weeks.
In Memphis Tennessee the 59 year old Coston Franklin Whitaker an amateur prof forecaster prints daily weather prognostications in the comics page He relies on wind and the moon claiming nine of ten forecasts prove accurate His charts predict Memphis snowfall far in advance and he argues for lunar planting benefits.
Newton B. Drury director of the national park service announced that uniformed members of the military and naval forces in selective service training will receive free admission to national parks. The waiver covers government entrance fees and charges but not lodging or private operator costs under government contract and supervision.
Retail outlets in Switzerland face a prohibition on Sunday openings as laws limit shopping to weekdays and Saturdays, restricting commercial hours and reshaping weekly retail patterns.
In Pima County Arizona Eva S Mills files for probate of Harold C Havilands last will and testament hearing set for December 9 1940 at 9 30 am in Tucson court to determine letters testamentary and dismiss if necessary.
Contemporary European history briefs and schedule notes listed for KVOA KTUC and state network segments with times across morning afternoon and evening slots. No events beyond time slots are stated.
A fragment shows late evening TV and radio listings with call signs such as KECA KVOA KTAR WFAA KFL KSL Nottingham KGO KP KPO KFI KNX and others. The times range from 8:00 p m to 12:30 p m with various hosts and stations referenced.
An Oklahoma UP-A carrier pigeon settled at a farmhouse near Cushing and shows no urge to return home. The leg band bears the inscription Aug Bel-423.
Scattered ads list bicycle and lawn mower repairs with pickup service, plant nursery offerings and flower bulbs, furniture exchange, consumer appliances on Christmas specials, and rental notices. Listings mention Russell & Sheperd, Habbard's Greenhouses, Simonized, and Des Eerts Spoons with locations and contact numbers.
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