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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Dec 09, 1940
Page
12
Closing stock averages show indices across industrials rails utilities with figures around 43.70 to 131.46. The data supplied by Dow Jones through E. F. Hutton & Co. reflects fluctuations on the NYSE as buyers and sellers gauge market momentum.
Mixed forward leanings dominated the session as prices rose and fell with transfers around 650000 shares. Brokers cited in and out buying ahead of a potential Saturday rally while year end tax selling remained a restraint. Several issues gained traction including Bethlehem Steel and Coca Cola, while Du Pont and Kodak faced renewed opposition. Government securities hit new yearly highs.
Hogs 1 600 head slow to 10 higher with loads 162 220 lb averaging 6.40 6.90 top 7.00 sows 4.75 5.35 cattle 2 300 head steady to strong fed steers 960 1 030 lb 9.45 10.00 fed Mexican 7.75 calves 1 000 head slow odd wealers to 12.00 stockers light activity sheep 800 head steady good to choice lambs 99 lb 9.25 87 lb shorn 8.50 ewes vary.
Salable hogs 23 000 to 28 500. opened strong to 5 higher, top 6 30, most 6 20 30. Cattle 13 000, calves 2 000. steers 14 85 at best, yearlings around 13 00, heifers weak to 25 lower, load heifers 10 50 11 25, best 11 75, cows and bulls steady to weak. Sheep 9 000, bids 25 lower on lambs, fat wooled lambs 9 50 or more, sheep and feeding lambs scarce.
U S Department of Agriculture figures show salable cattle totals around 4 300 with calves 1 200 and feeders steady to firm. Hog sales active with butchers steady at 5 85 to 6 00 and feed pigs 3 25, sows weak, lighter weights 4 75 to 5 65.
Kansas City market report shows hogs salable 4000, prices steady to 10 higher with tops 5.90, good to choice hogs 190 lbs at 5.80-5.90. cattle salable 17000 with calves 2000, steers and yearlings opening slow steady. slaughter cows weaker, stockers and feeders steady to 25 lower. Colorado fed steers 13.35, stockers 7.25-9.75, calves 10.50.
The U S Department of Agriculture reports a quiet Boston wool market with few inquiries for domestic or foreign wools. Graded combing three-eights and quarter-blood bright fleece wools were offered at 45 cents in grease, but buyers showed no interest.
Copper steady at 12.00 spot Conn Valley, tin 50.20 spot, lead 5.50 to 5.55 NY, zinc 7.25 forward East St. Louis. Pig iron No. 2 FOB prices vary by region, aluminum virgin 17.00, antimony Chinese spot 16.50, quicksilver 167 to 169, platinum 36.00, Chinese ramite 22.50 to 24.00, domestic scheelite 23.00.
Westinghouse Electric Manufacturing reports an unfilled orders backlog of 180 million dollars, a record for the company. Federal Light and Traction declares a special dividend of 50 cents and a 25 cent regular dividend on common stock payable December 23, bringing 1940 total to four dollars per share compared with one dollar in 1939.
Strong investor interest supported the sale of $4,000,000 Bessemer & Lake Erie equipment trust certificates. The 1% obligations sold at 99.216 and were reoffered to yield between 0.20 and 1.50 percent.
El Paso Electric Company postpones $6.5 million first mortgage bonds and $2.4 million preferred stock offering set for October 30. The Securities and Exchange Commission delays action pending a public hearing and ruling. SEC staff argues refunding would unevenly balance capital structure and urges sale of additional common stock instead of senior securities.
Columbia Pictures Corp. reports for the quarter ended September 28, 1940, a net profit of $153,878 or 28 cents per common share, compared with a net loss of $104,752 for the same period in 1939.
Cotton futures edged up as mill price fixing and short covering plus New Orleans buying supported prices. late quoted gains of 3 to 5 points, with Dec at 10.21 and May at 10.19, while final quotes largely unchanged to 1 point lower. Middling spot stood at 10.38, with n-nominal designation.
Navy announces rapid ship commissioning cadence with a new vessel every 12 days. European news and state network schedules list multiple daily air times for KVOA and KTUC as part of contemporary history coverage.
A detailed nightly network programs list with time slots and station call signs covering music, variety, news, and dramatic features. Notable names include Vaughn DeLeath, Art Linkletter, Burns and Allen, Fred Waring, and J. B. Kennedy, across stations KVOA KGO KNX KTUC KFI KECA KPT KPO KOA and more.
A sparsely readable list shows dance orchestras and times across radio stations KECA WBAP KYser KSL KTAR KOA KNX KTAR KTAR Busse KSL KF KPO KFI KNX Strand Woodbury Marshall. The segment outlines evening and late night performances by Madriguera Dorsey Bondshu Swarth Woodbury and others with station times from 9 PM onward.
A schedule of programs across KVOA KTUC KTAR and KTAR stations. Breakfast Club Life Beautiful Mary Lee Taylor Kate Smith Glen Darwin Farm-Home Hour Friendly Neighbors Women in World A. P. Newscast H. Hardings listed with times and channels.
A scanned 1940s list shows KTUC and KVOA programs from noon to six thirty, including Big Sister Aunt Jenny My Son and I Portia Faces Life and School of Air, Chansonette Scattergood Baines Linda Dale World Today Ricardo and Violin European Surveys and We the Abbotts.
December wheat contracts rose a cent from Saturday while deferred July 1941 winter wheat slipped. About 8 million bushels remained unsettled and recent expert opinion cited improved new crop condition as a factor.
Los Angeles December 9 price report shows butter 117 200 pounds cheese 80 500 pounds eggs 978 cases. Butter in bulk 0.35 percent candied large eggs 0.33, med 0.31, small 0.27.
Italy estimates a beet sugar crop for 1940 41 exceeding 4 500 000 000 pounds with substantial production planned across major regions, reflecting wartime agricultural mobilization and food self sufficiency goals.
Advertised claims urge relief from coughs chest colds and acute bronchitis. Creomulsion is described as going to the seat of trouble to loosen expel phlegm and soothe inflamed bronchial membranes with a money back guarantee.
The national defense commission announced rapid shipbuilding for the Navy with one ship every 12 days. The $7 billion two ocean program trims cruiser completion to 35 months, submarines to 24 months, and destroyers ahead of schedule. 162,000 workers are employed in shipyards with total direct and indirect employment around 300,000. The Navy seeks $150 million for new shipways and facilities as awards skew toward the west and Gulf coasts.
The Canadian dollar fell 3-16 of a cent to 86 15-16 U.S. cents in New York trading, marking one of the day's widest swings. Late rates show Great Britain at 4.04 dollars per pound and various international currencies with spot cable quotes noted.
In the war's first year Brazilian demand for United States products surged by 66.6 percent reflecting heightened trade as global tensions rose and markets adjusted to wartime needs.
A jumble of small ads and notices includes bicycle repair shops lawn mower service and free pickup in Blooming, plant offerings from Hubbard’s Greenhouses and Ranunculus bulbs, a Thrifty Furniture Exchange listing, exotic gourds by Mrs. O A Munk, car cleaning service, and rental notices for a two bedroom home on Ninth Street.
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