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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Jun 19, 1958
Page
32
Stocks drift lower with overall declines while bonds drop as government issues weigh. Cotton slides in New Orleans. wheat softens amid liquidation. corn rises late on hedging demand. oats advance on processor demand. soybeans trade irregularly. Hog prices hold steady to 50 cents higher, tops near 25. Slaughter steers steady with limited supply, top around 29.50.
Feldman Supply and Salvage Co. is the low bidder for the downtown street opening and widening project. The Tucson wrecking contractor bid $19,946, with Fimbres Builders Exchange Co. the only other bid at $24,964. City officials expect a contract award to follow. work starts June 25 with 60 days to clear and 40 more to pave and finish, aiming for year end completion. The project seeks to ease downtown traffic bottlenecks by adding two new access routes from the elevated freeway under construction.
Robert D. Morrow was elected advisory board chair of Teachers Professional Finance Corp. Dr. Robert Crowell of the University of Arizona also joined the advisory board. William A. Rich attended the Packard Bell distributors convention in Los Angeles. Spence G. Watterworth became American Income Life Insurance Co. general agent for Tucson. Vernon R. Walker is studying at the National Institute of Drycleaning in Maryland while employed by Pioneer Cleaners. E. C. Condit and Tucson Associates joined a three day sales conference in Banff. Christan D. Strayer attends an employment security meeting in Philadelphia. Five Tucson reps from New York Life qualify for Star Club based on 1887 sales.
Arizona livestock report notes Seager remains active in statewide markets with ongoing auctions, prices, and cattle movements tracked across key counties. Market observers cite steady demand, regional price trends, and trade activity shaping the week.
The text reports hogs steady at two eight per hundredweight with a single lot noted in the U S market. No clear names, dates, or destinations are readable.
Fragmentary OCR yields unclear event lines about a wedding or meeting linked to ages and farming units. No coherent names or places emerge to establish a concrete news item.
The Eisenhower administration proposed a revised subsidy formula for lead and zinc producers. Lead payments would apply to the first 500 tons sold per quarter, pegged to 17 cents per pound, with higher subsidies for larger sales. zinc subsidies would reflect a market price of 10 to 14 cents per pound, expanding with quarterly tonnage. Secretary Seaton endorsed the change, citing mineral industry development and urging quick action on copper stockpile purchases.
In New York on June 1 spot metal and currency prices show minor changes. Copper, zinc, lead, and other metals trade with small shifts while the Mongol Kong dollar rate remains steady. a general market note covers exchange rates and small price movements.
WOLVERHAMPTON England UP I John Archibald MacQueen was fined 26 dollars for flooding a basement record dance party by poking a garden hose through a window He claimed he thought the candle lit room was on fire and the court agreed with the charge and penalty
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