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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Jun 13, 1949
Page
21
Chicago hogs steady to strong for barrows and gilts, sow values down. Cattle uneven with some gains and losses. lambs improving. Kansas City notes mixed cattle demand and hogs softer. Denver shows steady steer trade and firm hog prices. Los Angeles reports slow trade with moderate cattle and calf demand.
New York June 13 The stock market sank to a four year low as heavy selling pushed prices down across most issues. Most losses hovered around two points with the day’s turnover around 1 300 000 shares signaling one of the year’s busiest sessions. The decline extended a month long downtrend amid broad gloom about business. A coal miners strike started today was seen as incidental while key names like U S Steel Bethlehem Steel General Motors Chrysler Goodyear Consolidated Natural Gas American Telephone Allied Chemical International Paper Santa Fe Southern Railway Nickel Plate Standard Oil Gulf Oil Boeing and others faced heavy pressure. Corporate bonds tumbled while government issues held firm in OTC trades. The day breached long standing 1947 and 1945 price levels and erased gains after the lunch break.
A dense page of classified notices lists a variety of trades: carpenters offering new work and repairs, cement and concrete services with driveways and floors, septic tanks and cesspools by Romar and Ward Bros, plumbing and cooling specialists, block and cement manufacturers, electrical services, excavation and construction contractors, and towing and stucco work. Numerous phone numbers accompany each listing, highlighting local offerings for home improvement and related services.
A dense page of classified ads lists furniture refinishing and upholstery by The People s Market Place and other shops. It includes hauling yard services, home repairs, painting and decorating, plumbing and heating, mattress renovation, jewelry repair, landscaping, janitorial supplies, and various small business ads. Multiple personal and employment notices, plus a casual mix of services and goods, fill the slice of city commerce.
Court entries show numerous traffic and peace disturbance charges with fines or bonds set. Civil cases include divorce and probate filings, debt claims, and real property disputes. multiple marriage licenses issued and several births recorded at local hospitals and clinics.
Senate expenditures committee approved a resolution directing President Truman to cut 5 to 10 percent from executive agency funds. The measure, 8 to 2, would require quarterly reports on savings and federal employment, with a cap of 20 percent per department.
New York June 13 cotton futures fell as nearby July contracts faced liquidation from commission houses and New Orleans traders. Offerings were absorbed through scale down mill buying and short covering with a leading seller turning modest buyer. Late prices ranged from 5 cents lower to 85 cents a bale higher, with July at 32.74, Oct at 29.04 and Dec showing mixed moves.
New York June 13 foreign exchange rates list changes and levels for currencies across Europe and the Americas. Key figures include the British pound at 4.03 dollars, French franc at .3077, Swedish krona 27.95, Swiss franc 25.18, Argentine peso 20.92, Brazilian cruzeiro 5.50, and Mexican peso 12.30, with several futures and unchanged prices noted.
New York June 13. Analysts warn that high living standards and wages outpace productivity creating fragile security walls. Discretionary spending and rising taxes threaten stability as business faces higher break-even points and increased bankruptcies amid potential slumps.
7 30 p m Post No 9 Regular Veterans association will meet in the recreation hall of the veterans hospital to elect officers. Tuesday noon Dr J Byron McCormick president of the University of Arizona speaks at the American Legion luncheon club at the Santa Rita hotel on the university expansion. Noon The Tucson Advertising club meets at the Pioneer hotel to discuss publicizing safety programs. 730 p m Adobe lodge ALD Free and Accepted Masons will confer the first degree at the Masonic temple 1608 Scott Ave visiting Masons invited.
The journalist Sigrid Undset will be buried at public expense after a June 13 decision by parliament. Her funeral from Tor finnes church in Hamar will be officiated by Bishop Jakob J. Mangers with eight Norwegian authors as pallbearers. she died at 67 in Lillehammer and won the 1938 Nobel prize for literature.
Denver June 13 The Utah district pastoral appointments were announced after the Colorado conference annual meeting. Salt Lake City churches list pastors including Centenary Paul L Robison First Laird V Loveland Grace Albert D Dennis Liberty Park Edgar H Hoffman Bingham Canyon Earl Lake Ely Nev Frank R Bradley Highland Boy Bingham Canyon Ada Duhigg Marysvale Grace Wasem Mc Gill Nev J H Stewart Midvale H M Templin Milford Daniel D Harris Ogden D A Bird Price William McFadden Tooele Thomas H Evans Tremonton Corinne William R Persons.
In Seoul a sprawling thieves market offers everything from surgeon scalpel to GI uniforms. Operated by hundreds of stalls along a muddy alley, the shopkeepers source goods via middlemen and are linked to American influence from postwar civilian and military presence. Thefts include clothing and auto parts with odd safety norms on roads, blamed on social and economic pressures in a large city.
Pickets closed the Bendix Aviation Corp plant gates in South Bend Indiana as federal mediators reported a complete deadlock between Bendix and the CIO United Auto Workers after talks broke off on Sunday.
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