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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Dec 27, 1940
Page
7
Chicago trading notes show added winter wheat precipitation drawing attention to new crop prospects. May wheat stayed near unchanged with mild support from mills. corn futures rose as buyers entered, aided by light receipts. Prices closed with May at 85 1 2 to 85 3 4 cents and July around 80 3 4 to 80 1 2 cents.
New York traders saw small but broad gains as prices broke from holiday lull. Leaders bobbed amid mixed results while defense stocks like Bath Iron Works New York Shipbuilding Timken Detroit National Acme Lima Locomotive and Electric Boat posted advances. Despite gains, some issues fell back as traders weighed 1941 prospects amid a booming arms program and mixed trade data showing reduced agricultural exports.
In New York on December 27, the market reports bar silver at 34 percent, unchanged from the previous quote. The brief price note confirms no movement in the bullion.
The Canadian dollar rose to 86.5 U.S. cents in New York trading after a modest decline on Thursday. Open market rates show 86.3714 U.S. cents per Canadian dollar with various international currency figures and spot cable rates listed.
In New York at year end active price fixing and demand from Bombay supported cotton futures. March slipped briefly on pressure from selling and hedging, but a late trade surge and price fixes kept gains. March around 10.75 cents. nearby contracts finished 6 to 10 points higher amid mixed offerings. Middling spot quoted around 10.46 cents.
Acknowledging that the earth is not a perfect sphere, scientists describe axial wobble that affects climate patterns and may influence long term seasonal shifts. Observers note small variations in rotation speed and orientation over time.
Allegheny Ludlum Steel Corp announces a $2,000,000 expansion to raise alloy steel capacity by 50,000 tons per year. Some work is underway to add electric furnace melting capacity and expanded finishing facilities. Cudahy Packing Co reports its best earnings since 1930 with net profit for the year ended November 2, 1940 reaching $2,116,223 or $3.29 per share versus $860,293 or $0.60 the prior year.
Phillips Petroleum Co. projects a higher net profit for 1940 than 1939. Estimated net earnings per share range from 2.50 to 2.60, vs 1939 actual net of 9,833,314 dollars or 2.21 per share.
Collins and Aikman Corp and subsidiaries report for nine months ended November 30 1940 net profit 2 278 208 equal to 3 77 per common share. For nine months ended November 25 1939 company and subsidiaries reported net profit 1 416 440 or 2 23 a common share.
Western Electric Co declares a cash dividend of 1 75 per common share payable December 30, 1940, bringing total payments for the year to 4 against 2 10 in 1939.
Livestock market report from Kansas City on December 27 shows hogs at 6.00 to 6.90 per cwt depending on weight, sows 5.50 to 5.85, calves 9.00 to 11.00, cattle with fed steers 9.00 to 11.75 and heifers up to 11.25, cows 4.25 to 7.00, vealers 9.00 to 11.00, and native lambs around 9.25 with most sheep sales easing from that level. Stockers and feeders scarce, demand mixed.
Reports from Los Angeles Chicago and Denver show cattle hog and sheep prices varying by region. Calves veal and lambs remain strong in some spots with lean hogs steady to down slightly while producers note active slaughter demand and mixed trade across markets.
On December 27 the Los Angeles report lists butter 154100 pounds cheese 137200 pounds and eggs 1200 cases. Butter in bulk 31 percent candled large eggs 30 percent med diums 27 percent smalls 26 percent.
Brinda awakes after oversleeping and weighs love, loyalty, and a daring mission. She suspects Gladys and Dick’s engagement, accepts Vaslav’s gilded influence, and plans to intercept the Vandam with a secret memo and passport. Her aim is to recover the stolen list of British agents.
In Waterbury Connecticut on December 27 a judge suggested a belated Christmas gift after a husband dumped the dinner dishes. Judge John L. Gaffney warned he would file drunkenness and breach of the peace charges if the husband bought his wife a present. The man agreed.
Wool buyers showed no interest in domestic wools on the Boston market today. Few holders with large quantities held back, offering nominal quotations with no price changes.
Local live poultry prices list Colored Hens Leghorn Hens Soft Breasted Roosters Fryers Broilers with weights from 2 to over 4 pounds. Prices range from .14 to .25 per pound. Also note: The Netherlands Indies have removed restrictions on foreign beer.
A collage of ads lists bikes and repairs, lawn mowers, blooming plants, and greens houses. Listings include repairs for bicycles and lawn equipment, free pickups, phone numbers, and several wanted notices for help around homes and childcare.
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