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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Dec 26, 1940
Page
7
Cotton futures in New York remained steady with light trade and limited southern hedges. January firmed late up 10 points, others closed 3 to 6 higher as prices ranged from 10.09 for January to 9.38 for December with middling spot at 10.38N.
Metals news from New York on December 26 reports steady prices for copper electrolytic tin zinc and related metals. Copper and tin hold at about 12.00 and 50.10 while zinc trades around 7.25 with spot and forward values in New York and East St. Louis. Several metals including pig iron aluminum quicksilver platinum Chinese wolframite and domestic scheelite remain unchanged.
A government supported institute established by Germany teaches methods for breeding small livestock. The program aims to improve agricultural practices and livestock quality through structured training and demonstrations.
Salable hogs 13,000, cattle 5,000, calves 1,000, sheep 11,000. Hogs higher on weights 170 270 lbs with top 7.25 and 7.00-7.25 bulk. cattle steady to lower for fed heifers and medium to good weights. yearlings at 15.00, beef cows 6.25-7.25, bulls 7.50 tops. sheep 98-107 lb fat lambs 9.75-9.85, lighter and native ewes 3.75-4.50.
Hogs salable 200 head slow with prices 15 to 25 cents higher than Tuesday. Small lots 146 to 200 pounds fetch 7.25 to 7.75. Cattle salable 300 head, active with strength in cutter to medium stock, loads of common steers 8.25, medium fed steers to 9.75 or more, cows 6.50 to 7.25, canners and cutters 4.35 to 6.00, bulls 6.40 to 7.25. Calves 200 head steady, odd weaners to 12.50, Texas calves 9.00 to 10.00. Sheep salable none, good to choice wooled lambs 9.25 or higher.
Kansas City: hogs 2,000 salable, top 6.90, weights 180-260 lbs 6.75-6.85, sows 5.60-6.00. cattle 3,700 total, fed steers and yearlings active, vealers strong, stockers scarce. sheep 6,000 salable, native lambs steady around 9.25. Denver: cattle 450 total, fed steers 9.50, range heifers 6.00-7.50. hogs 3,000 total, steady near 6.90-7.10. sheep 2,300, fat lambs strong, Colorado lambs 9.50.
The Canadian dollar rose by 0.625 cent to 86.375 cents in New York trading, while the Argentine free peso edged up to 23.53 cents. Other major currencies were unchanged with various rates listed for Great Britain, Germany, Italy, Sweden, and more across official and open markets.
Local poultry prices show colored hens and Leghorn hens in several weight ranges. Soft breasted roosters and fryers are listed with prices per pound. Broilers colored and Leghorns are noted for weights under and over two pounds.
December 26 report lists butter receipts totaling 116300 pounds with bulk butter at 31 percent. Egg offerings show large candles at 30, mediums 27 and smalls 26 with other minor varieties read.
Container Corp of America faces tax and repair suspensions but expects full year earnings near $2,000,000, about $2.55 a share, compared to $1,448,900 or $1.85 a share last year.
Sales of Libbey-Owens-Ford Glass Co. this year are projected at about 48 million dollars, roughly 10 percent above 1936’s best year and 25 percent higher than 1939, signaling strong growth for the company.
Norfolk and Western Railway reports 11 months ended November 30 1940 net income 29 053000 equal to 20 06 per common share. This compares with net income 27 386 142 or 18 86 a common share in first 11 months of 1939.
The sale of 1.5 million dollars in City of New York bonds concludes the citys immediate financing needs with no more issues expected until spring. This marks the fourth bond offering in the latter half of 1940, bringing total sales during that period to nearly 150 million dollars.
West Virginia Pulp & Paper Co. announced fiscal year operations and sales for the year ended October 31 1940 significantly higher than 1939. Total figures reached 3 670 621 dollars with earnings of 3.03 dollars per common share versus 1 095 389 dollars and 18 cents a share.
Chicago wheat edged up then slipped within a cent, closing near the day’s high. Trade remained nervous with slow business despite modest export demand, as dealers awaited holiday developments. Wheat closed unchanged to inch higher, corn and oats showing small gains or losses.
Foreign wools were receiving a fair demand today in Boston with spot wools of fine and half-hood grades moving readily. Importing brokers reported fairly large orders for foreign wools to be shipped soon, including medium and low cost as well as finer grades.
Dick Malden and Brinda rekindle tension as Gladys and Vaslav circle them. Vaslav proposes Brinda for a charity ballet, hinting at danger and a hidden passport. Brinda weighs staying in London for the evacuees while Sir John’s warnings loom large.
New York trading showed interest in smaller defense related stocks as the $17 billion national defense program loomed, pushing prices to year highs while major war issues lagged. Turnover neared 750000 shares as some investors debated whether a post holiday rally signaled a downtrend or continued nibbling at defense names.
Readable notes indicate many factories in Palestine are operating at high capacity to fulfill military orders. The activity reflects wartime demand and potential strain on local production.
Various ads list bicycles and lawn mower repairs pickup and delivery by Russell and Sheperd and Ingham and Ingham. Household items include Hoover vacuum cleaning and Frigidaire appliances for sale. Also offerings from Hubbard's Greenhouses Speedway Supply Co and Central Auto Park plus a lost Scottie pup near the university and a seven room house for rent.
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