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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Jun 14, 1940
Page
9
The report notes July corn at 23 percent higher, July 61 percent, September 80 percent, and September 607 percent with oats unchanged or slightly down, soybeans down 5 to 8 percent, and rye down around 1 percent from yesterday in July 1942 data.
Cotton futures rallied after a lower open as trade and speculative buying followed strength in securities and a May consumption report. Old July 10.12, new July 10.40N, October 9.20-30, December 9.16-17, January 9.06N, March 8.93N, May 8.98 with middling spot at 11.01N.
Copper steady with Conn Valley electrolytic at 11.50 FAS New York. Tin remains 58.50 spot and nearby, 56.75 forward. Lead steady at 5.00-5.05 spot New York, 4385 East St. Louis. Zinc firm at 6.25 East St. Louis spot and future. Quicksilver wolframite and domestic scheelite unchanged.
Stocks rose in New York on June 14 led by steel shares with gains around five points. Despite war news and profit taking, a strong rearmament outlook and heavier foreign buying supported prices. U S Steel Bethlehem Chrysler GM Westinghouse Du Pont Allied Chemical Loft Great Northern Douglas Aircraft J C Penney among leaders. Bond market strengthened as government issues showed strength.
Exchange rates show the franc trading halted in New York on June 14 as German forces advance into Paris. Banks unable to reach French counterparts caused a market pause with franc value drifting to 2.18 U. S. cents against the dollar. Other currencies listed with varying quotes.
From Los Angeles on June 14 the produce exchange lists butter at 175 800 pounds with bulk price 0.28 per pound and candled large eggs at 0.22, mediums at 0.20, and smalls at 0.15. Cheese quantity not provided and eggs total 600 cases.
Silver in New York traded at 35 ounces unchanged as market brief notes quiet trading on June 14 with no price change.
Livestock receipts Kansas City June 14 show hog totals 1 200 with steady demand and top 5 10 for 180 270 lb hogs. Cattle total 400 with 200 salable and calves 150 with 100 salable. Vealers slow, stocker and feeder prices steady, sheep 1000 head with spring lambs opening steady to strong and tops around 10 75 for natives.
Salable hogs 8 000 total 17 000 with 180-240 lb animals strong up to 5 higher. Good to choice 200-270 lb mostly 5.00-5.15. 270-330 lb at 4.75-5.00. Lighter 5.00-5.15. Packing cows 4.00-4.50. Salable cattle 1 000 with best steers at 9.65. week to date all steers and cows down about 25. Vealers steady at 10.00. Salable sheep 1 000, total 5 000. native spring lambs steady to weak. Fat ewes 2.75-3.75. Spring lambs 10-11.25, most 8.00-11.25. fat sheep scarce.
Hog supply 100 head with 6.00 to 6.25 top and sparse sows. Cattle 300 head: Mexican steers 6.85 to 7.00, fed steers 8.25 to 10.50, dairy cows 5.00 to 6.00, grass cows 6.50 to 7.00, bulls up to 7.25. Calves 50 head with vealers 11.50, good lambs 9.50 to 9.75. Sheep scarce, ewes 3.25 to 3.50.
Tucson figures including Steve Tormey William Walsh John Reilly and Wray Meyers urged protests after Rep Murdock joined 37 Democrats in voting against deportation bridges to Australia The measure passed 329 to 42 Public officials and 40 county workers paid five cents each to send telegrams to Senators Hayden and Ashurst supporting the bill The American Legion drafted a message urging support for deportation aligning with its long standing policy
Arizona Governor urges careful behavior to curb July accident toll after last year’s national total of 8,800 lives. He cites heavy Fourth of July travel and recreation and warns against explosives and fireworks use.
In Columbus Nebraska electors of rural school district 32 debated wiring the school house to receive power from the Loup River public power district. A gas lamp failed as moths swarmed, a flashlight was used to tally a 24 to 15 vote in favor of electricity.
The United States Treasury offers 1 3% year notes to refund 352 993 450 of bonds due June 15 amid favorable market action after Italy declares war. Baldwin Locomotive reports second quarter earnings with consolidated shipments from company and subsidiaries including Midvale likely below Q1 but better than Q2 last year.
Junius S. Morgan of J P Morgan & Co announced the sale of an New York Stock Exchange membership for 40000, up 1000 from the prior transaction. The record notes Morgan acted as the seller in this notable membership transfer on the market.
United States Steel Corp shipments of finished products rose in April by 176 153 net tons compared with April. The increase equaled 5 231 net tons per working day or about 15 percent.
Western Union Telegraph Co reports net profit of 455 478 for the four months ended April 30 equal to 43 cents a share, reversing a $793 632 loss in the corresponding period of 1939.
Mechanic rubber goods sales in Akron rose about 15 percent in the first quarter versus 1939 and have continued to climb over the last two months. The report notes last year was the second highest on record for these products.
The article surveys a widening war horizon with Britain awaiting clashes in Europe and potential Franco Italian actions. Mussolini’s forces may join against France, Spain could enter on the Allies' side, and Gibraltar may become a flashpoint as Hitler eyes England while Paris concentrates German troops.
Ambassador Bullitt faced a near miss in Paris on June 3 when a dud fell during a German air raid that killed and wounded nearly a thousand. Berliner Nachtausgabe accused him of courting danger by lunching with the French air minister on a military airfield balcony.
In a Norfolk England notice the city clerk published a letter from Sergeant Tom Whitmore, stationed in Palestine, claiming he had never kissed another girl but his sister. The request sparked about 400 letters from local girls offering marriage.
In Mexico City on June 14 foreign exchange traders anticipated the Bank of Mexico would peg the peso to the dollar at five to one. Central Bank officials said they retired from the market to allow a free rate before the peg. The dollar weakened from 5.98 to five pesos after heavy sales sparked by war jitters.
Suburban building lots in the eastward pathway of growing Tucson with Catalina views. $100 each or $150 for two, also acre or half acre plots. Call 3 or 5304. Also listings for 3 rooms with electric refrigerator and housing for adults at 1422%4 E. 6th. Ph. 451 w.
Notice states sealed bids due by 4 00 p m on June 25 1940 for construction of city municipal building and fire house in Benson Arizona. Plans and specs available at Kings Rest Court office for 85.00 deposit refundable on return in good condition. Town reserves right to refuse any bids.
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