Trust Funds in New York Declares Dividends
A brief notice from Trust Funds in New York dated June 21 announces dividends with details on rate period stock of record and payment as specified by the fund.
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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Jun 22, 1956
Page
17
A brief notice from Trust Funds in New York dated June 21 announces dividends with details on rate period stock of record and payment as specified by the fund.
Preliminary closes show the Dow Jones average near 488 with mixed action across 30 Industrials and 20 Rails. Utilities and other sectors drift as cotton and grain futures move irregularly while hogs and cattle rise modestly.
Wool prices in New York on June 21 showed irregular activity as dealer buying offset profits. Futures closed between 5 and 7 cents higher or lower with December and March contracts noted, while certificated wool spot and tops futures ranged modestly in mixed directions.
Old crude rubber futures rose with gains in June trading in New York. The front months closed up with Sep at 2.45 and Dec at 21.05 while a March contract traded at 27.15. Spot No. 1 ribbed sheets were noted in the report.
In sugar market news from New York on June 21 domestic futures No. 6 fell with September at 7M. World futures No. 4 closed with no sales as raw sugar spot stands at 602 N WN nominal.
Six new directors join Transamerica Corp board, led by Lewis W. Douglas of the Southern Arizona Bank & Trust Co. Transamerica controls 27 banks with 270 offices in 11 western states. The firm also declared a quarterly dividend of 35 cents.
The report notes Santos No. 4 ex-dock closed at 60.75A while Santos Bourbons offered 88.00-53.50N. Futures for "B" closed 75 to 100 higher with several months quoted, and "M" futures rose 75 to 115 higher with multiple month bids shown, including Jiv and Sep positions.
Chicago reports steady butter prices and wholesale receipts with grade scores and assorted mixes. Receipts total 13,200 with U. S. standards and dirties listed. current receipts at 30.50 and various grades priced around 31 to 38 dollars.
The state land department announced a public sale of 190 acres of state school and institutional land in Pima County for June 28 on the steps of Tucson's county courthouse. Parcels include 80 acres no improvements valued at 60 000, 70 acres valued at 52 000, and 40 acres with Producers Cotton Oil Co. improvements valued at 190 000.
Arizona Development Board members will meet in Kingman tomorrow morning as guests of the Mohave County Chamber of Commerce. A luncheon at the Jade Restaurant will precede a tour of Lake Mead and Hoover Dam areas.
A 20 acre fire on the east side of the Santa Catalina Mountains in the Happy Valley area is now under control, forest service officials reported today.
In New York on June 22 the cotton textile market was dull with drill and sheeting prices easing slightly. The print cloth division mirrored last week’s trend. Wool goods were quiet while rayon goods saw small gains in filament sales. spun rayons remained quiet.
The report notes a calm in the market with gains in leading stocks like du Pont and General Electric. It cites Federal Reserve credit loosening, declines in Treasury bill yields, and a possible brief steel strike as not deterring long term gains and June stock profitability. Written at the close, June 20.
Morris Edgeley, 33, was arrested after police identified him in his motel room on a four count bogus check warrant from Los Angeles. He allegedly stole payroll checks from Maycraft Hand Baga Inc. and forged signatures. Local complaints cited multiple area merchants as victims.
The Arizona Highway Commission projects federal aid near 23.6 million for 1956-57 and outlines 1958 and 1959 allocations. Wil liam E Willey notes plans to expand operations by at least 25 percent as funding increases. Breakdowns show interstate 13.5 million and urban projects 0.8 million in 1957 with rising totals in subsequent years.
Livestock prices gathered across Los Angeles Chicago Kansas City and Denver show mixed moves. Cattle and hog runs were limited with steady to weak cattle values and higher hogs in Chicago led by No 1 190-220 lb butchers at 16.25-16.50 while Kansas City offered 15.95-20.50 for spring lambs and Denver noted nominal cattle and hog activity. Sows softer in Los Angeles with 13.35 per 100 pounds for medium end sows. calves scarce across markets.
Market report lists cross rates with Canadian dollar at 121 and 92 in New York open market, and a range of European and Latin American currencies largely unchanged. Key figures include pound at 2.80, deutsche mark at 23.40, guilder at 26.11, franc around 23.4, and Hong Kong dollar at 17.0.
Spot nonferrous metal prices listed include copper at 40 46 cents per pound in Connecticut Valley, lead at 16 cents per pound in New York, zinc at 12 cents per pound in East St. Louis, tin at 4 cents per pound in New York, and foreign silver at cents per troy ounce in New York.
Cotton futures closed mixed as July near first notice day saw slight easing amid scattered selling. Liverpool covers and New Orleans buyers hedged near months while traders await July developments. Prices late afternoon showed modest moves from the prior close with varied gains and losses.
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