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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Jun 10, 1958
Page
9
New York stock list shows stocks lower with a moderate decline while bonds present mixed corporate and lower government yields. Cotton waxes and wanes on commission house demand, hedging. Wheat and corn show irregular trading with profit taking and light activity. Oats dip, soybeans drop on liquidation. Hogs fall 25 to 50 cents with top at 23.50, slaughter steers move strong to 25 cents lower, top 32.
Metals market wrap from New York on June 10 shows copper around two cents per pound and several base metals quoted with mixed movements. Traders anticipate crop and policy news from Washington while hedge funds adjust to July to September contracts and near term price shifts. Weather forecasts predict showers in the central belt, with late afternoon prices edging up or down by modest amounts.
New York open rates show the British pound at 1 3/18 dollars and 103.9 U S cents in the main table with a mix of currencies from Canada to Hong Kong. Latin American and Far East listings include Argentina, Brazil, Mexico and the Hong Kong dollar with small unchanged moves.
DRYGOODS NEW YORK reports spot selling in cotton textiles with print cloths and broadcloths in demand. Prices eased on most items as producers cut price lines for third quarter delivery. Wool seeds market dull while Sydney wool remains steady. rayon activity slows as mills near mid year shutdowns.
In Chicago on June 102 market notes show butter tendencies with wholesale selling prices holding steady and receipts around 2,007,000. Prices for wholesale buying remain unchanged. The report lists grade breakdowns and standards with mixed figures for butter quality and checks at 30.
Marvin Eugene Mottie, 23, of Missouri, pleaded guilty to petty theft for breaking into a South Side fruit stand on April 23 after telling police he had not eaten in two days. Judge John F. Molloy placed him on 90 days probation after the charge was reduced from burglary. The loot, valued at about $2, included four bottles of pop and gum bags. Mottie had just arrived on a freight train when arrested near Park Ave and 1E, 2nd St. Prosecution noted he used a burlap sack to carry items. a court affidavit confirmed minimal loss. The defense said funds were raised to cover Mottie's fare back to Nevada, Mo.
Cecil T. Copeland operator of the Wetmore Pool faces a preliminary hearing June 20 before Justice of the Peace Edward J. Valeski. Copeland free on 1500 bond after Charles Aldridge 26 says he was bitten on the neck and left thumb when he was ordered away from pool edge and later demanded a refund.
Jerry KX Stearly, 22, of 2433 M Castro Ave, arraigned in Justice Court on first degree burglary. Bound over to Superior Court by Justice Norman Green. Held on 1000 bond in county jail. Crime tied to June 2 burglary at Russell E. Oatman residence 1112 E Hedrick St. $50 in quarters stolen. Deputies say a 1 year old admitted involvement in this and other thefts. Juvenile detention quarters hold the youth.
A state witness testified a forked stick found in the car driven by Frances Evans fit between the accelerator and manifold, propping it open and making her San Carlos Lake death appear accidental. Wilmer Walter Evans of Baton Rouge is on trial for allegedly staging the death to collect $100,000 insurance.
A terse market brief notes rubber prices in New York with June and September figures. It mentions spot No 1 ribbed smoke sheets and bids, with November values around 25.555 and close references to higher and lower levels, reflecting a volatile trading session.
Angeles Chicago Denver and Kansas City reports show cattle and hogs steady to firm with few exceptions. Slaughter steers 높은 demand kept above 29.00 in some markets while cows utility to commercial ranged 16.25 to 19.50. Hog prices mostly steady with mixed barrows and gilts around 21.00 to 24.50. Spring lambs firm to higher, feeder calves 20.00 to 25.00, vealers weak to steady in spots across regions.
Arizona Public Service Co and seven other western utilities have joined in a two year research program for cheap commercial nuclear power. Walter Lucking, Public Service president, said the Rocky Mountain Pacific Nuclear Research Group succeeds the 1954 Rocky Mountain Nuclear Power Study Group based at Idaho Falls Idaho. The group has partnered with General Atomic Division of General Dynamics Corp for the project.
New York June 9bleachable cottonseed oil futures closed 7 to 16 lower with front months ranging from 14.57 down to 14.308. May bids stood at 14.48.arket comments note modest selling pressure as traders reevaluate supply and demand.
Arizona PHOENIX report shows cattle direct trade on slaughter steers from Arizona feedlots very slow but generally steady. No sales or contracts on heifers or calves. Five to seven loads of 800 lb fed steers around 26.50, two loads 1200-1350 lb around 25.00, about 400 head mostly light yearlings 375-400 lb, with short yearling stock pricing.
New York reports show P Stevens & Co posting net income of 2,832,420 for period ending May 3, 67 cents per common share, down from 1.11 last year. Macy & Co announces 2 week earnings of 35.6 million, 32 cents per share, vs 6.8 million or 1.41 per share in 1957. Retail sales for the period ending May 3 shine above prior year.
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