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This newspaper page contains 24 articles. Subscribers can read the full text of each article.
Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Jun 19, 1956
Page
23
Stocks mixed in slow trading with bonds down as governments and corporates fall. Cotton irregular amid trade and New Orleans purchasing. Wheat very strong with active trade. corn weak as old crop declines. Oats firm on crop damage. soybeans steady with small price changes. Hogs steady to weak with top at 17.00. cattle steers down to 22.50 top.
Boston reports part of the Battle of Bunker Hill celebration included a doll carriage parade with 20 girls and one boy. Curtis Weide, 1B, won the contest beating the female entries.
W. J. Hostetter filed nominating petitions with the county election clerk to seek the Republican nomination for state representative in Pima County District No. 8. The incumbent, running for his sixth term, is seeking re election.
New York stock market shows a listless and mixed session with trading slow. Major moves include US Steel up 55 percent, General Motors up 43, U S Rubber down 49, Boeing up 84 5, Radio Corp down 42, and Union Oil of California up 60 percent as volume nears 1.5 million shares.
Ralph Tapia, 16, remained in poor condition at County Hospital from a gunshot wound in the stomach after a Sunday incident in Pascua Village. Liborio Huicamea admitted firing in self defense and awaits charges as deputies pursue cases against two further suspects, Fernando Escalante, 19, and Enis Garcia, 20, with two juveniles handed to juvenile authorities.
A Superior Court jury hears the case of Robert H. Palmer charged with the December 20 armed robbery of Desert Beverages Liquor Store. He allegedly took 331 dollars and a half pint of whisky from clerk Richard Gorby and customer Ha Franco, in a trial before Judge J Mercer Johnson. Prosecutor is Jack J. Podret. defense attorneys are W Edward Morgan and Martin Rogers. Jurors named include Glen Bingham Asa Matthews William Stef anon Joseph Rourke Rose Van Buskirk Virgil Sites Minnie Schlesinger Fred Cocio Earl Rogers Lee Davis John Fazio and Mildred Rogers.
A 21 year old mother of four was treated at County Hospital for self inflicted slashes on her left arm after an argument with her husband Alfred at their home 1306 West Sonora. Deputies released her without charge.
Phoenix City Council approves a $16,412,932 annual budget. Only one taxpayer attended the hearing, thanking the council for a $100,000 allocation for a swimming project. The budget exceeds last year’s appropriation by $1,497,456.
Former Vice-President John Nance Garner, age 87, hosts state official Dewitt Greer in Uvalde. Garner jokes he no longer shoots, but rides along, letting others do the hunting while he drives the truck, noting his eyesight is limited.
Bond market moves were irregular and mildly lower overall with most changes fractions. Corporate issues showed more declines than gains while U S government obligations held steady. new 91 day treasury bills in demand and foreign currencies edged higher.
New York Cotton futures traded steady with light hedge selling as demand supports old crop July. Citing a 27 bales drop in certificated stock to 9 715 bales, traders eyed July delivery while October weakened. Futures settled higher for some contracts amid modest buying and limited hedging against CCC export cotton.
Spot nonferrous metal prices today show copper at 4.44 cents per pound from Connecticut Valley markets. Lead at 6 cents per pound in New York, zinc at 13.5 cents per pound in East St. Louis, and tin at 9 cents per pound in New York. Foreign silver trades at 90.0 cents per troy ounce in New York.
Truly Nolen Exterminating Co. opens a new store at 3575 E. Speedway offering free pest consultations and sale of insecticides. Termite and pest control programs are provided by the firm. Nolen, a graduate entomologist, notes termites cause extensive damage and cites rising water use and new construction as factors increasing pest problems.
Buying by private traders spurred a sharp rise in wheat on the Chicago Board of Trade as expectations for expanded exports grew. Wheat jumped over three cents at times, with other cereals lifting in sympathy while old crop corn steadied on news of resumed yellows sales by the Commodity Credit Corp.
The Foreign Exchange rates from New York list daily open and futures for currencies worldwide. Highlights include the Canadian dollar at 111/18 premium, pound at 250 9/16, Deutsche mark at 23.80, Swiss franc 23.34, and Hong Kong dollar 17.60 with most values unchanged.
Small sales of print cloths and other textiles appeared in the cotton market while wool goods were slow. Brisbane wool rose five to My percent versus Sydney quotations, per private Australian advices. Demand for rayon spun and filament fabrics remained light.
Chicago market notes butter steady and wholesale buying prices unchanged with receipts at 1,668,000 and grade scores listed. Eggs weak with receipts of 17,200 and wholesale prices ranging from 29.9 to 36.50 for various quality categories and current receipts at 31.50.
Livestock market report shows Los Angeles Chicago Kansas City Denver cattle calves hogs and sheep trading with mixed to weak tones. Prices list ranges for fed steers heifers cows bulls vealers and sows with several weight classes and weekly movement notes. Major buyers include U S sources with frequent mentions of USDA data and regional totals for 6500 cattle and 125 sheep in LA and Chicago volumes.
A garbled list shows several New York banks with stock figures and tickers such as Bank of New York, Bankers Trust, Chase Manhattan, Chemical Bank, Empire Trust, First National Bank, Irving Trust, Kings County Trust, Manufacturers Trust, Morgan, and JP Morgan. Some quotes and numbers appear unclear or incomplete.
In Minneapolis on June 18 flour prices in 100 lb sacks show family patents 20 cents lower at 7.10, standard patents unchanged at 6.49 and 29.760, standard bran 50 cents lower at 29.50, standard middlings 50 cents lower at 45.00, and red dog unchanged at 55.50.
Dividends declared in New York on government bonds as of June 18. Rate and period described, stock of record set with payment details. Subject to federal taxes but exempt from state income taxes.
In New York trading on June 14 Santos No 4 ex-cock closed at 90.00 with cost and freight offers for Santos-3s at 53.00 to 58.50N and Se 5790-Dl BR futures up 9 to 145 higher with Jig at 39.90N and Sep 30.45N. M futures climbed 190 to 200 higher with entries for various months including diy 78.75 and Sep 828N.
Bleachable cottonseed oil futures fell across maturities in New York trading. July settled around 15.99 to 16.01, September 15.49 to 15.91, October 16.53, December 15.21, March 15.15, May 15.12, with July 15.00 bids and January closing bid at 15.00.
Residential interim loan of twenty years at twenty five percent annual rate offered by Standard Mortgage Co loan correspondent Northwestern Mutual Life Ins Co J Lee Gentry manager contact 1068 N Campbell phone 7 1532 to apply for mortgage loans in the mat life insured area and Campbell district
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