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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Jun 19, 1940
Page
11
The Associated Press notes closing figures with Dow Jones furnished averages for industrials rails and utilities. Early and final daily numbers show slight shifts in 80 Indus 20 Rails and 20 Utils with reading around 123.86 for the Dow Jones Industrial Average and 25.73 21.02 for related indices.
In New York on June 19 cotton futures firmed after an initial irregular session with gains up to 70 cents a bale. Trading by Wall Street and trade houses, suspected of price fixing for mill accounts, pushed values higher before a limited showing of offers.
New York traders paused before Hitler's France plans as stocks swung between gains and losses. About 600000 shares traded amid concern over French fleet fate and its impact on Allied goods shipments. Leading issues included Boeing, GE, Westinghouse, and American Woolen while Standard Oil and Kennecott fell.
Exchange rates show the Swiss franc at the year’s top level against the dollar while the British pound slides. Sterling declined 3 percent, the Canadian dollar held at 80.25 U S cents, and various foreign currencies were listed with spot and cable quotes across markets in New York.
June 19 report shows butter 148 800 pounds with price .29 per pound in bulk. Eggs listed at 600 cases with candied large eggs .22, mediums .19, smalls .15. Cheese not traded in this receipt.
Hogs total 2,500 with top 5.05 and most 4.85-5.05 for 270 lb. hogs. Cattle total 2,800 with calves 700. fed steers 8.50-9.75, some 10.00-10.25. Sheep 7,000 with clipped lambs uneven and best around 7.25, most 7.00-7.15. spring lambs not yet sold. Bulls 5.75-6.50. vealers 7.50-8.50. Demand slow but steady for some classes. general market mixed with several groups weaker.
Hogs saturable supply 250, steady to 5 higher with top 6.35 for good to choice 194-216 lb Californias. Cattle salable 700, generally steady. New Mexico and Colorado fed steers listed with prices up to 10.25 for cattle. Calves 200 salable, medium to choice vealers 10.00-12.00, calves 8.00-10.50. Sheep none, feeder lambs hold 7.75 and 6.75 for sorted lots.
Salable hogs 13 000 total 21 000. Market steady to 10 higher than Tuesday with top 5 25 and many hogs 5 10 5 20. cattle 8500 calves 1000 early top fed steers 11 10 11 25. prime offerings at 12 00. Sheep 1000 total 5900 with spring lambs 25 lower. natives 10 25 10 50, California springers 10 00. two doubles fed springers 10 00 10 25.
Wheat prices recovered from a early drop of about 1% to gain nearly a cent as mills and dealers bought on prospects of light southwest movement. New crop marketing lags last year due to harvest timing and storage, with prices below government loan rates. Trading noted strength in securities but traders waited for France peace terms before acting. Wheat settled higher across the board with July at 78 3/4, September 78 5/8, corn and oats up as well.
Copper steady at 11.50 spot Conn Valley export FAS NY 11.25 50. Tin steadier at 53.25 spot forward 51.00. Lead steady spot New York 5.00 5.05 East St. Louis 485. Zinc steady East St. Louis spot forward 6.25. Quicksilver 197.50 200.00. Pig iron aluminum antimony platinum Chinese wolframite and domestic scheelite unchanged.
Silver price in New York remains unchanged at 34 percent, with the commodity trading steady as markets close.
The Old Bailey plans to suspend the custom of presenting the judge and court officials with small bouquets and strewings of cottage flowers and aromatic herbs for the duration of wartime. The practice has only been halted twice before, most recently during the war.
In 1930s New York, Jean faces Gaby’s scheming to marry Walter Mall through family pressure. Laurel pressures Jean to abandon her date, while Gaby eyes a privileged match. Jean resists, keeping Walter’s affections, as tensions rise at the Waldorf with Helen Hobart’s interference.
Arizona Partly cloudy tonight and Thursday with evening and afternoon thunderstorms. New Mexico Partly cloudy to night and Thursday with storms, cooler east portion. Southern California Fair tonight and Thursday with morning coast fog and light winds. West Texas Partly cloudy tonight and Thursday with showers or thunderstorms in south and central areas, cooler Thursday.
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