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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Dec 06, 1956
Page
4
NYSE 1 pm quotes show mixed results with steady steels and higher stocks. Dow Jones industrials up while rails waver. bonds mixed as governments move lower. Cotton and grains softer. hogs up. cattle steady amid light trading.
Fragmentary OCR notes from Minneapolis detail flour pricing and patent statuses. Mentions pounds, standard patents, and weighing figures, with references to family patents and unchanged weights as a summary of market conditions. The legibility is poor, but indicates a snapshot of local flour trade and patent references.
In New York markets on December 6 early morning spot nonferrous metal prices were copper 36 cents per pound from Connecticut Valley lead 16 cents per pound zinc 13 1 2 cents per pound East St Louis tin 1 00 14 per pound foreign silver 9 15 cents per ounce from New York.
General Motors president Harlow H. Curtice said the industry would produce about 6.14 million passenger cars and 900000 trucks next year, with GM capital spending around 700 million. He noted 1957 could be the second best sales year, assuming peace is maintained, and cited 1955 as a peak year.
Five border patrol officers received certificates of commendation for their role in the October seizure of arms and ammunition exported to Mexico. Loren F. Walter Clarence E. Cooper Robert B. Murray Edward M. Gillis Benjamin F. La Fever, all Nogales and Phoenix personnel, were honored by Denis E. Wolstenholme while David H. Carnahan had approved the award. The seizure involved Nogales and U S Customs officers.
U.N. delegates voiced shock over Hungary's refusal to admit Secretary General Dag Hammarskjold on December 16. Critics branded it an affront to the secretary general and the civilized world as U.S. delegate Henry Cabot Lodge Jr. urged possible revocation of Budapest's delegation if it persists in defying U.N. authority. A U.N. spokesman said Hammarskjold had not received official word from Hungary about the visit, while Hungary's Imre Horvath offered a nonchalant reply.
The Moslem world intensified opposition to the Baghdad pact while a high Egyptian official charged Turkey and Iraq with indirect involvement in the Anglo French assault on Egypt. British troopships Dilwata and Ascania prepared to move troops to the region as Port Said hosts ships and preparations for Cyprus. Moscow Radio accused Israel of Sinai plans as Burn and Dayan met at El Arish. Cairo officials warned of consequences if the United States joins the Baghdad Pact.
Cattle trading slower on direct feedlot market after 10 days of activity. About a dozen loads of fed steers and heifers mostly steady. five loads near 1000 lb steers around 19.9 percent. Standard to average good 17.00-18.50. one load 765-lb heifers at 19.50. In Tucson, ~200 cattle sold at auction, cows and utilities dominant, prices generally steady: utility and low commercial cows 11.50-12.30, canners 7.00-9.50, thin canners 6.50, cutters to low utility bulls 12.00-12.76.
Cattle mostly steady to uneven with fat cows and bulls lower in Los Angeles market. calves and stockers varied. Hogs higher in Chicago with 190-270 lb butchers at 16.25-16.75. sheep mixed with lambs up to 20 dollars and slaughter sheep around 4-5.50. Denver and Kansas City reports show varied movement with feeders scarce and cattle tests limited.
New York December 6 foreign exchange rates compiled for major currencies. Canadian dollar at 325 32 premium or 103 784 U.S. cents. British pound at 2.785 16 dollars. Various 30 60 90 day futures show small declines and many European and Latin currencies listed with unchanged values. Hong Kong dollar 17.45 unchanged.
In New York dry goods market trade was dull with minor price slips of fractions of a cent per yard for cotton textiles. Wool goods saw price increases from ten to fifteen cents per yard on men's worsteds, worsted sheen, and fabardine staples. Rayon fabrics likewise moved slowly as spun and filament lines underperformed.
Chicago reports December 6 1900s butter and egg market activity with steady receipts and unchanged wholesale buying prices. Butter grades AA 93 score and 92A 59 to 60, 90B around 59, eggs show steady receipts of 8 700 with white and mixed quality shares and dirties recorded. Current receipts total 28 percent.
Cotton futures in New York eased in slow trading as continued declines in loan entries restrained the free cotton supply. Traders questioned loan tightening versus expectations with nearby May shedding about 2 000 bales amid hedging by a Southeastern mill. Prices late afternoon were 5 to 55 cents lower per bale with Dec at 34.17, March 33.98, May 33.85.
In New York on December 5 wool futures declined as commission-house selling rose with eased Middle East tension. Prices for wool futures and wool tops dropped across months with various bid and certificated spot figures noted, reflecting ongoing market pressure.
Coffee market notes Santos No 4 ex-dock closed at 60.50 A. Santos Bourbons 3s offered 57.75 58.15 N and 5s at 56.75. M futures fell 39 to 119 points with Dec 66.50 N and Mar 66.05 N. Dec futures quoted 57.51 N, with Mar 56.97 N, May 50.32 N, Sep 53.42 N, Dec 32.52 N.
New York December 5 bleachable cottonseed oil futures closed 18 to 2% higher with contracts for December 16.038, March 16.28 16.29, May 16.36 16.39, July 16.39 16.40, September 15.94 15.95. Closing bids listed as January 16.02, October 15.75, December 15.27. B Bid.
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