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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Jun 18, 1942
Page
12
The report covers livestock prices from Kansas City and Chicago for June 18, noting hogs mostly higher with top bids to 14.35 and feeders steady, cattle prices generally firm with some weakness in cows, and sheep trade mixed with spring lambs steady to up slightly. Prices shown include various weights and grades across regions.
New York noon foreign exchange figures show the Canadian dollar at 101-16 in discount or 89.93 U S cents. Britain official rates list buying 0.02, selling 0.04 on cables 0.04. Argentina 29.77 official, 23.52 free. Brazil 6.05 official, 5.20 free. Mexico 20.67 nominal. Rates shown on spot cables unless noted.
There was a little improvement today in sales on the Boston wool market. Some good French combing territory fine wools sold at 1.18 dollars clean delivered. Medium wools remained inactive with offerings from semi-bright regions softer. Some buying was reported in Texas for 12 months wool at ceiling prices.
Wheat prices eased from June highs as traders cited profit taking and Wickard's stance against keeping government surplus grain off the market. July wheat at 1.20 and September at 1.23. corn down to 0.86. oats and rye also lower. soybeans down briefly before a late rally on possible government oil purchases for shipment to Russia.
Cotton prices rallied from a weak start but eased as New Orleans sellers and buyers pulled back. Late afternoon quotes showed July 18.16? Dec 18.62 and March 18.77 with futures down 85 cents to 1.10 a bale. nearby notes final at July 18.11 and Dec 18.54-55. Middling spot 19.67N.
Federal state market news lists cattle steady with steers 10.50 to 12.35 and top around 13.75, cows 7.25 to 9.00, bulls 9.50 to 10.75, and calves 12 to 14 for vealers. Hogs steady to 10 higher with good to choice 190 to 250 lbs at 15.00 to 15.35. sows 12.25 to 12.75. feeder pigs 18.00. sheep steady with wool lambs 13.00 to 14.00.
Cattle: salable 250 of 600, calves 50, steady with loads of good medium weight steers at 13.00 to 13.05 with top 13.55 freight paid. heifers at 12.00, cows 9.00 to 10.00, vealers 11.00 to 15.00. Hogs: salable 500 of 1,500, fairly active with 180 to 300 lb at 14.00 to 14.25, top 14.25. sows 13.25 to 13.50. Sheep: salable 900, Calif. shorn ewes 5.00 to 5.70, spring lambs weak. market slow overall.
Trading in New York stocks showed modest buying but light profit taking. The market edged up briefly before reversing, with several issues reaching or wavering around small gains or losses as investors awaited clarity on African and Oriental war developments. Transfers totaled about 350000 shares. Major movesIncluded American Can hitting a 1942 high while Sears Roebuck Montgomery Ward and others faced resistance.
Allied reports describe German and Romanian air strikes aimed at oil storage in the Ukraine region. Chinese air units reportedly landed near Cirlik in Turkey and were interned under Turkish guard. Ambassador Steinhardt arranged supplies as crews faced high living costs.
Britain vows retaliatory bombing for Nazi killings in occupied Europe. Attlee suggests many German villages would be targeted, while Daluege warns of Lidice-like reprisals. Prague and Brunn death toll reaches 472 plus 250 at Lidice. Guerrilla actions in Yugoslavia and Polish sabotage add pressure.
A Russian report quotes pilots claiming they were chased across the Black Sea from Sevastopol as Nazi fighters attacked. The defense claims savage German assaults on the Crimean base were turned back on the 13th day of the offensive with hundreds of Nazi dead and destroyed vehicles left on the slopes.
A local poultry listing shows live fryers and leghorns priced per pound with varying weights. Dressed squabs and rabbits also priced, including soft breasted roasters and colored hens across weight ranges.
LOS ANGELES June 18 PR U S CA Produce receipts show butter 194949 lbs cheese 53120 lbs eggs 4797 cases butter in bulk 38 candled large eggs 35 do mediums 33 do smalls 25.
Berlin dispatch reports a propaganda push in Germany urging iron resolve as morale efforts shift from clothing drives to threats of punishment after defeat. The National Zeitung notes 1918 memories influence workers and nightly air raids bolster fear England would destroy the German race.
Reports say Chinese forces hold a narrowed 50 mile segment of the 450 mile Chekiang Kiangsi railway line. Informed sources discuss possible Japanese attack on eastern Russia and note steps taken by Japan while delaying air force reinforcement in Manchukuo. Rumors of moving planes from Southeast Asia to Manchukuo remain unconfirmed.
Twenty four survivors from a medium sized American freighter sunk north of Trinidad arrived at Margarita island off Venezuela. Colombian papers report three American ships sunk in the Caribbean with a shelling of a lifeboat. In the Gulf of Mexico Captain Peter Sigona and crew escaped a stalking submarine after torpedoes damaged the bow but caused no hit.
Secretary Knox praised the Midway defeat as one of the most inspiring pages in American naval history. The crushing loss of a large Japanese fleet prevented an island seizure near Hawaii and marked a key step in Admiral Nimitz strategy to break the Japanese navy.
New air travel priorities for the war effort were issued by the War Department. Civilians may use unused space on flights, and American Airlines will accept civilian reservation requests. Priorities apply only to urgent passenger and cargo transport and for high officials on major inspection trips.
Ade Abbott, general chairman, said the Fourth of July show at University of Arizona stadium uses prewar fireworks that cannot be reprocessed for military use. He noted government halted civilian fireworks production January 1 and emphasized materials have no military value.
A congressional report criticizes the WPB for allowing a March 31 deadline to be bypassed, delaying conversion decisions. It cites Nelson and Philip D Reed for inaction on private industry conversion, copper lead and zinc handling, and failure to maximize war production.
Secretary of War Henry Stimson described the difficulty of compiling a full picture of Pacific battles from mixed reports. He said the overall result showed a large enemy fleet driven off after Midway and noted foggy Aleutian conditions hindered observer access. He urged patience with press accounts limited by air and sea battle observation.
The article notes Imperial forces pulled back from El Adem and Sidi Rezegh to shield Tobruk as Rommel concentrates on the British left flank. British mobile units continue harassing the Axis as Gen. Ritchie shifts armor toward Tobruk and Egypt, with odds deemed grave.
A legislative panel boosted revenue from selective excise taxes to 971 million while approving a 5 percent levy on freight transport and express by common carriers. Second class postal rates may rise to offset the 78 million annual deficit, with county delivery exemptions kept. A 5 percent tax on parimutuel wagers and expansion of the 10 dollar annual tax to coin operated devices were approved.
Under a new plan, Stamp No 5 and Stamp No 6 cover four weeks each while the weekly ration remains half a pound. Stamp No 5 is valid June 27 to July 25 and Stamp No 6 from July 26 to August 22.
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