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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Dec 19, 1944
Page
9
Chicago grain futures closed under light selling pressure with little investor interest. Wheat fell early then recovered but slipped again as a broker with cash connections traded May against July at an eight cent spread. Corn stayed firm then dipped, rye eased, and oats fell with the group. December quotes showed mixed moves across wheat corn and oats.
The notice lists octagonal price ceilings for poultry and eggs by weight and form. It covers live and dressed broilers and hens, turkeys, and producer to consumer margins, with figures differing by weight categories and processing stage.
Foreign exchange rates show Great Britain in dollars with official buying at 4.02 and selling 4.04. Canadian dollar in New York open market at 89.75 U. S cents. Argentina free 24.92 unchanged. Brazil free 5.25. Mexico 20.65. N-Nominal.
In Chicago supplies reach 16 000 hogs and 8 000 cattle with overall slow trade. Hogs trade 10 15 cents lower early and 25 cents lower than Monday with top on 190 plus pounds around 14 60. Cattle receipts 8 000 include fed steers and yearlings up 25 cents, calves 1 200 steady, and cows and bulls showing mixed movement amid narrow stock cattle activity.
Cattle sale totals around 8000 to 8300 in Kansas City with calves about 1300 to 1400. Slaughter steers strong to 25 higher. heifers, mixed cattle steady to strong. cows steady to slow on liberal supply. Denver reports 2000 cattle salable with 500 calves. cows 40 percent, stockers and feeders 35 percent, steady demand with top dealers at 13.00 for some heavy calves and 12.25 to 13.40 for stockers and feeders.
Cattle salable 2200 head with steers slow to steady and some 25 lower. Medium steers 12.75 to 13.25, feeder steers 12.25 to 12.75, cows weak, cutters and canners 6.50 to 9.75, bulls 9.00 to 12.50. Calves 490 head fully steady with medium to choice calves 14.00 to 14.50.
Victor Eubank reports a brisk rally in armament rated stocks and rail shares despite war news. Transportation stocks led gains with firms like Santa Fe N Y Central Southern Pacific and others in the 7 year high class while U S Steel and Bethlehem showed modest gains and stocks like Cities Service and Electric Bond & Share fell. Trading totaled about 1 200 000 shares as debt readjustment aided some gains.
New York December cotton futures rose late as mill buying and hedge selling shaped activity. Spot markets stayed quiet with prices ending 15 to 30 cents higher per bale. March 21.92, May 21.88, July 21.48, with last trading near 21.95 for March and 21.49 for July.
Winslow reports the death of Harry C. Kabelin 55 after a heart attack yesterday. He served 35 years with the Santa Fe railway and was chief clerk in the Winslow office. Survived by Mrs Kabelin and four children including one in the armed forces.
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