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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Dec 30, 1955
Page
15
Markets finish with higher stocks lifting the Dow Jones averages while bonds hold firm. Cotton shows irregular activity amid liquidation. wheat and corn rise, oats advance with the broader market. Hogs slip 25 to 50 cents to around 12 dollars, cattle prices steady with steers and heifers near 21 dollars.
New York report says television personality Arthur Godfrey donated $100,000 for the Air Force Aid Society. Eddie Rickenbacker, the society president, called it the largest gift the group had ever received. The money came from Godfrey's Post magazine article fees to aid Air Force members and families in need.
Bankruptcy Judge Stanley A Jerman granted the petition of reclamation for the Apache Drive-In Theater owned by Benson Highway Theater Corp and ordered the equipment returned from the Valley Theater Corp after a dispute over disposition. The hearing considered a $100,000 purchase offer from Valley Theater Corp and arrangements to ship California equipment to resume operation.
New York bonds advanced in late trading with light overall activity. Convertibles led gains with Bethlehem Steel 3s up 1 1/2 points to 128 and General Dynamics 3s up a point to 108 as American Telephone 3s traded at 132 1/2, Dow Chemical 3s at 130, Sinclair 3s at 131, Detroit Edison 3s at 143 while Philadelphia Electric 2 1/2s slipped to 95 and National Distillery 3s fell to 99.
In Whitesburg Kentucky Uncle Eli Lucas age 91 announced the birth of his 19th child. He hopes for many more. Thirteen children came from his first wife who died years ago and six from his second wife whose age was not learned. Neighbors say she is many years his junior.
METALS NEW YORK, Dec. 30 Spot nonferrous metal prices today include copper 43 50 cents a pound from Connecticut Valley lead 46 cents a pound from New York zinc 13 cents a pound East St. Louis tin 1.08 dollars per pound New York foreign silver 90. per troy ounce New York.
In Chicago grain trading Rye rose for gains extending to several cents as the market turned firm in the closing hour. A wave of professional short covering preceded the long weekend as soybeans edged above the prior close and feel grains followed the late rally. Corn and oats posted fractional advances.
More than 800 Tucsonians and visitors visited the Arizona Sonora Desert Museum setting a weekday attendance record. Earlier this week on Christmas Monday a record 2,016 people toured the live exhibits. Director William H. Woodin said weather permitting the total attendance from Dec 24 to Jan 2 will top 10,000.
Cotton futures in New York showed irregular trading as Liverpool sources boosted near months with trade buying and covering. Distant months fell on selling by commission houses and nerves over a new export program. Market notes place March at 33.90, May 33.36, July 31.80 cents per pound.
In New York on December 2, bleachable cottonseed oil futures rose 19 to 4 higher with contracts at March 14.10 May 14.16-18 July 14.18 September 13.90B December 13.74B. Closing bids included January 13.92 and October 13.75. B bid.
In New York on December 30 the leading dry goods markets saw little selling activity as many houses closed early for the extended New Year holiday.
Floods across Northern California claim at least 47 lives with 19 at Yuba City and 8 in Eureka. 280 homes destroyed and 1,200 heavily damaged as levees hold back Feather River floods. Government aid, shelter care for 4,600, and disaster declarations drive relief efforts.
The yearend rally lifted prices moderately in the last trading session with gains in U S Steel General Motors at 58 46% and RCA 47% along with American Telephone du Pont GE Schering Aluminum Southern Railway and Texas Co. Trading volume reached about 2 5 million shares though below the year's average and not a runaway advance.
Arizona law enforcement and National Guardsmen will patrol highways over the New Year weekend. Greg Hathaway says all patrols and radar units will be on duty through Monday with road blocks and drunkometer checks to deter alcohol impaired driving. Maj. Gen. Fraser states every available guard member will assist in traffic control statewide.
Los Angeles cows and heifers sold steady with cows and feeders active. Chicago hogs and cattle mixed as prices mostly slipped with lighter weights showing declines. Kansas City and Denver reports note limited offerings with uneven drops in hog values and generally steady cattle and sheep trends.
Dec 30 New York foreign exchange rates show Canadian dollar at 100.06 U.S. cents, British pound futures up slightly, and most European and Latin American currencies showing small changes or stability. Far East Hong Kong dollar remains 17.60.
Dividends declared on record dates from December 29 with rate and stock details to be paid. Corporate issuers disclose dividend actions affecting listed securities in morning session notes.
Santa Fe Railroad released 1955 year to date earnings of 64.38 million dollars for January through November up from 51.58 million in 1954. November 1955 earnings hit 7.98 million. Per share earnings after fixed charges stood at 12.09, above 9.45 in 1954 and 12.43 in 1953.
A chase at speeds up to 105 mph involving a stolen car occupied by three juveniles ended when the vehicle crashed into a power pole near 19th Ave and W Camelback Rd in Phoenix. One 14-year-old was found in the wreck. two 15-year-olds fled on foot after the collision.
All financial and commodity markets across the United States and Canada will be closed on Monday January 2 in observance of the New Year. Markets in Britain will remain open on that date.
COLORADO SPRINGS Colo A flame bomb will greet the New Year from the summit of Pikes Peak as the AdAmAn Club and 11 guests make the annual ascent to the 14110 foot peak. The six inch mortar will fire the flame bomb and fuel for the summit stove was carried up last fall with the cog railway.
Butter and egg market roundups show receipts and wholesale prices largely unchanged across regions. Chicago figures list varied grades and scores with stable wholesale trends while Los Angeles reports steady egg grades and consumer price ranges for large and medium sizes under producer-graded and store contexts.
Wool tops futures were mostly unchanged with slight gains amid quiet yearend trading. Prices closed with small gains across contracts while certified wool tops showed modest strength and spot values noted.
In New York on December 2, Santos No. 4 futures fell about 2 percent with nearby at 47.34. Santos Bourbons offered around 50.25 to 50.50 and 49.25 to 49.50. Santos No. 4 "S" and "B" contracts show losses into May and July with other months cited.
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