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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Jun 06, 1941
Page
10
Market data from Dow Jones and Co through E F Hutton shows closing averages for industrials rails utilities and stocks. The excerpt lists index values and percentage changes across sectors with figures such as 118.13 for one index and 27.62 17.36 39.92 for others.
Metals prices show copper steady at 11.00 to 12.00 FAS New York for exports. tin firm at 52.62 to 52.44 spot and 52.50 forward. lead steady at 5.85 to 5.90 in New York and 5.70 in East St. Louis. zinc steady at 7.25 in East St. Louis. Pig iron aluminum antimony quicksilver platinum Chinese wolframite and domestic scheelite unchanged.
New York stocks closed unevenly lower in a timid session with fractional losses common. Turnover reached about 350000 shares as Jones & Laughlin Steel led gains on a rumor of accumulated preferred dividends possibly triggering common payouts. Steadier issues included Bethlehem Sperry Consolidated Aircraft NY Central Owens Illinois Union Carbide. Bonds showed irregular activity.
Exchange rates in New York on June 6 show the Canadian dollar and the British pound weakening by a quarter cent against the U S dollar. Late open market and official rates for major currencies including Great Britain, Germany, Finland, and Japan are listed with nominal changes and spot cable references.
In Boston on June 6 buyers showed limited demand for most domestic wools. Occasional sales of combing three eighths and quarter blood fleece wools sold around 46-47 cents grease delivered. Clothing territory wools traded 96-98 cents scoured for fine, 94-95 cents for half blood, and 86-88 cents for three eighths blood. Foreign wools sold modestly with orders for future delivery from Australia.
Hogs salable 1100 with prices 9.10 to 9.25 for various weights. Cattle and calves active. light weights 9.00 to 10.00 for steers, 8.50 to 10.00 for heifers, cows 5.50 to 8.75, vealers up to 12.00. Sheep 1300 salable with spring lambs at 12.50, bids weaker for others. overall strong market momentum.
U S Department of Agriculture notes salable hogs 5 000 of 8 000 total with weights 180 to 500 pounds showing gains to 10 higher on heavier lots, sows steady. Cattle and calves: steers steady. yearlings up to 11 25. cows and bulls weak. Sheep: spring lambs and fed shorn lambs rise up to 25. best 75 pound lambs at 13 00 to 13 25. ewes 3 50 to 4 50.
Hogs salable 200 with prices 9.00 to 10.35 pounds top 10.35. cattle 200 head, grass cows 6.75 to 7.75, fed steers near 11.00. calves 50 head, vealers 12.50 down, light calves 11.50 to 13.00. sheep 350 head, spring lambs 9.25 to 10.00, shorn ewes 3.75. Listings reflect steady to slightly varied wholesale values.
Denver June 6 cattle salable 100 calves 75 steady mostly nominal cows 6.75 7.00 canners 5.00 6.50 vealers 13.50 down hogs salable 200 total 1500 butchers up to 9.60 good and choice 180 270 lbs 9.40 9.60 medium 180 200 lbs 9.25 9.35 sows 8.50 8.65 feeder pigs 8.75 sheep salable 1100 spring lambs opened strong to 25 higher with 12.00 Utahs and few old crop lambs 9.00 10.00.
New York June 6 Cotton futures moved in a narrow band with a slight late dip. Mill demand and textile district activity offset hedge selling and profit taking. Final dealings saw a belated price fixing for mill accounts, contracts scarce, closing at day’s best levels. Last July 13.23-25 Oct 13.38-41 Dec 13.48 Jan 13.46N Mar 13.46 May 13.42-43 Middling spot 13.84N.
LOS ANGELES report shows receipts for the exchange including 136,800 pounds of butter, 38 bulk butter units, 29 candled large eggs, 27 do med iums and 22 do smalls.
An Oklahoma farmer was stopped by Highway Patrolmen Jess Faulkner and Charles Reese for a missing tail light and a single headlamp. When asked for his license he claimed it was on the back and joked about the new driver’s license law enacted in 1937.
In Decatur Indiana a locked safe with a lost combination stood in Adams County Court House for two decades. Officials summoned a lock expert who opened the door to reveal the safe is empty.
Arizona: fair this afternoon tonight and Saturday with scattered showers over mountains this afternoon and evening. New Mexico: Rio Grande valley partly cloudy with showers in higher elevations, widespread showers and thunderstorms east portion this afternoon and evening, clearing tonight, cooler east portion and warmer Rio Grande valley Saturday. Southern California: generally cloudy through Saturday with continued cool conditions. West Texas: considerable cloudiness with showers and thunderstorms this afternoon and tonight, Saturday partly cloudy with showers and thunderstorms in southeast portion and cooler.
Wheat prices climbed almost two cents after government loan rate news, with July near 99 cents and September around $1.00 a bushel. Futures stayed 15 cents or more below loan rates on a Chicago basis amid heavy rains in the southwest and talk of a delayed harvest. renewed mill support helped lift prices. Oats, corn moved modestly higher.
G. B. Donaldson resumed duties as executive director of the Arizona unemployment compensation commission after a state supreme court ruling that his removal was unlawful. He was welcomed by the commission in a brief session and will return to work as plans for operation proceed toward national board approval.
Safeway Stores announced the resignation of founder and chairman M B Skaggs to devote full time to personal affairs. No successor was chosen. W L Harrison, head of the fruit and vegetables division, was made a director as the chain of more than 3700 stores moves on.
Platinum fox furs fetched $245 per item in Stockholm Sweden as buyers showcased luxury peltry offerings. The report notes strong demand for high end fur coats and accessories amid a steady European market.
Sir Stafford Cripps, British ambassador to Moscow, will return to London for consultation then go back to Moscow after a few days. He and his wife left Moscow for Stockholm, with the foreign secretary requesting the temporary return to keep in touch with the situation.
Hollywood dispatch reports Barbara Bennett en route to Mexico to wed western star Addison Randall three days after a divorce from Morton Downey. Downey won custody of their five children. Barbara has been married twice before.
Berlin reports Reich Aviation General Eric Quade predicts rising eastern Mediterranean activity. He cites the capture of Crete and says England’s fleet and RAF will feel a shift in power as German air force harasses eastern Mediterranean drydocks and the Suez Canal becomes far more endangered from the air.
SAN FRANCISCO June 8 UR- Harry Lundeberg secretary of the AFL Sailors Union of the Pacific failed to answer a government subpoena to appear as a rebuttal witness in the deportation proceedings against Harry Bridges CIO leader in west coast maritime circles. Albert Del Guercio government attorney said Lundeberg was to have appeared this morning. When he failed to show up Del Guercio announced he would seek federal court action to compel the AFL leader to answer the summons.
Ankara radio said Germany is moving troops into Syria by land sea and air almost daily. The report also notes Vichy France seeking control of tugs once used on the Danube and leased to the British after the armistice.
A jumble of classifieds lists closeout deals and services including evaporative coolers at $10, cash for old furniture from THRIFTY-EXC, car washing, flower shop, metal windows, furnished rooms near the university, rental houses, sale items like cash registers and restaurant equipment, a 1929 Chevrolet for sale, and a nurse's Chevrolet coupe plus a 1934 model A sedan with prices and locations.
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