Market Movement In Fog Of War Fear On Wall Street
New York June 25 stocks closed lower as Churchill accused France of breaking surrender prom ises over surrendering its navy to Germany. Steel and aircraft shares fell two to four points while rails and utilities also dropped. Trading ran about 700000 shares with concern Britain’s sea control at risk if part of the French fleet joins enemy forces.
MENTIONED IN THIS ARTICLE
New York
Churchill
Germany
Wall Street
Great Britain
France
Alexandria
U. S. Steel
Bethlehem
Douglas
United Aircraft
Glenn Martin
Sperry
General Motors
Chrysler
Montgomery Ward
American
Livestock Prices Report From Kansas City Auction
Hogs total 4,000 with demand active and prices 10-15 lower than Monday. Cattle total 3,350 with most categories steady to higher. fed steers and yearlings up to 15 higher. Sheep totals 6,500 with opening lambs selling strong at about 7.75 to 10.25 for top loads.
Chicago hog, cattle and sheep prices report
Salable hogs 19 000 of 28 000, down 10 to 15 cents from Monday. Top 5.30, 180-270 lbs 5.10-25, 270-330 butchers 4.85-5.15, 300-360 lbs 4.40-6.0, bulk to choice 5.10-25. Salable cattle 8 000, calves 1 500, top fed steers 11.00, yearlings mostly 8.50-9.50, stockers slow, weighty sausage bulls to 7.25, vealers 9.50 down. Salable sheep 2 000, total 2 500, native spring lambs strong 10.25-75, hand picked 11.00, natives 9.00 down, two doubles shorn lambs 8.00, late trade: spring lambs 10.50, natives 10.75, outs 9.00, western yearlings 7.50, fat native ewes 2.50-3.75.
MENTIONED IN THIS ARTICLE
Chicago
Livestock Market Summary Los Angeles June 25
Hogs salable 300 slow steady few good to choice 180-220 lb. grain feds 6.35-50 top 6.50. Cattle salable 800 holdovers 758 very slow steers and cows steady to 25 lower. Six loads good fed steers around 10.00, calves 200 few sales steady vealers 9.50-11.00. Sheep salable 50 holdovers 293 bad fat shorn lambs unsold good to choice wooled lambs around 9.50.
MENTIONED IN THIS ARTICLE
Los Angeles
Texas
Cattle Hogs and Sheep Market Report From Denver Sale
Denver cattle buyers sold 415 head including calves and beef steers with loads at 9.50 to 9.75, dealers bidding around 10.50 on some lines, mixed stock calves 8.75 and 10.00 on heifers. Hog sales totaled 1,300 head with 5 to 15 lower, top 5.25 and good to choice 180-270 lb at 5.10 to 5.25, sows 4.00 to 4.25. sheep 3,500 head with native spring lambs 9.50 to 10.35 and no carrots sold.
MENTIONED IN THIS ARTICLE
Denver
Free sterling rises as exchange rates edge higher on Monday
Free sterling gains 1 cent against the dollar amid a continuing rally after weekend gains were paused. The Canadian dollar moves to 81 U.S. cents, while numerous European and international currencies show varied quotations in New York open market figures.
MENTIONED IN THIS ARTICLE
New York
U.S
Great Britain
U. S
Belgium
Denmark
Finland
France
Germany
Greece
Hungary
Italy
Netherlands
Norway
Portugal
Rumania
Sweden
Switzerland
Yugoslavia
Argentina
Brazil
Mexico
Japan
Hankong
Shanghai
Metals market updates from New York trading desk
Copper holds steady around 11.25 to 11.50 in New York spot with export FAS at 11.15. Tin eases to 52.50 spot and near term 50.00. Lead remains firm at 5.00 to 5.05 in New York, 4.85 in East St. Louis. Zinc steady at East St. Louis spot and forward 6.25. Quick silver quoted 197.00 to 200.00. Pig iron aluminum antimony platinum wolframite and scheelite noted without detail.
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New York
Valley
East St. Louis
Produce Exchange Receipts Reported for Los Angeles
Los Angeles on June 25 lists butter at 79 600 pounds and cheese at 28 900 pounds with no eggs in cases. Butter in bulk 0.30, candled large 0.22, medium 0.18, eggs small 0.14.
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Los Angeles
Cluett Peabody earnings seen near two dollars per share
Based on results so far this year, Cluett Peabody & Co. likely will report about $2 per common share for the six months ending around June 30. This compares with $1,266,171 or $1.69 per share for the same period last year, when earnings were the highest in over 12 years.
MENTIONED IN THIS ARTICLE
Dahlberg, Durand & Co
Cluett, Peabody & Co
Norfolk & Western May Net Income Estimated At 2.68 Million
With higher gross and similar May expenses to April, Norfolk and Western Railway shows an anticipated net income of about 2,675,000 dollars or 1.85 a common share for May, compared with 2,152,130 dollars or 1.48 a share in April. May 1939 net income was 573,956 dollars or 0.35 a share.
MENTIONED IN THIS ARTICLE
Norfolk & Western Railway
Simmons Co declares 0.50 dividend on common stock
Simmons Co declared a dividend of 50 cents on common stock payable July 10. In 1939 the company made three prior payments: 75 cents in December and 50 cents in November and August.
Typewriter Makers Face Price War Slashing Profits
The article notes severe price competition among typewriter manufacturers over the past month, likely to worsen. Net earnings for the current quarter are expected to be hurt, though overall demand for business machines and supplies remains strong.
Wheat and corn ease in Chicago market on light demand
The Chicago wheat market fell from the open with prices slipping as much as 1% cents and finishing lower across contracts. Corn trended down all day as demand remained weak and prevailing weather and abroad uncertainty weighed on sentiment.
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Chicago
Cotton futures tumble on Wall Street selling pressure
Cotton futures fell about a dollar a bale on broad market weakness and July liquidation then recovered slightly. Bearish sentiment arose from stock and commodity slumps with short covering and limited trade buying at limits. Old July 10.07-08, new July 10.30N, Oct 9.12-13, Des 8.85N, Mar 8.68-70, May 8 Middling spot 10.82N. N-Nominal.
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New York
Wall Street
Bar silver holds at 34 percent in New York market
Silver prices in New York on June 25 show bar silver at 34 percent, unchanged from prior trading. The report notes steady activity with no immediate price shifts and market participants awaiting further cues.
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New York
Tax Hike Details From Comprehensive Levy Bill
The bill lists taxes totaling 76 million for general taxes, 46 million for beer, 35 million each for tobacco and amusement, 29 million for estate taxes, 12 million for stocks and excess profits, 7 million for stamp taxes, and 3 million for gifts. It raises distilled spirits from 2.25 to 3 per gallon, perfume from 2.25 to 3, cigarettes from 3 to 3.25 per thousand, and beer by one dollar per barrel. amusement taxes apply one cent per 10 cents of admission over 20 cents.
Franco Spain Gibraltar and the Mediterranean bases
The piece argues Britain should stay neutral as civil war struggles drain its strength. It describes Franco’s potential gratitude toward Mussolini and Hitler and explores strategic aims to control Gibraltar and Ceuta to dominate the western Mediterranean. It notes Italy may seek Gibraltar and could hand it to Spain while keeping influence.
MENTIONED IN THIS ARTICLE
Franco
Mussolini
Hitler
Mediterranean
Il Duce
Suez Canal
England
Spain
Rock of Gibraltar
Spanish
Morocco
Ceuta
Gibraltar
Berlin-Rome
Gateway
Naval fleet plans and Pacific posture discussed
The general program aims to add about 5,000 men per year from reserve to active service. Rumors hold that if the Allied fleet immobilizes, the U S fleet would move to the Atlantic while retained in the Pacific to project force amid Europe axis advances. The fleet has been in Hawaii since maneuvers last spring.
MENTIONED IN THIS ARTICLE
United States
Atlantic
Pacific
Japan
Europe
Netherlands East Indies
Hawaii
Japan and France relations under Tokyo’s approach in exile context
The draft notes that Japan would negotiate with the French Indochina and colonial authorities directly and would not recognize any French government in exile formed in London opposing the Bordeaux regime.
MENTIONED IN THIS ARTICLE
Ment
France
Japan
London
Bordeaux
Rare documents restored in Philadelphia
P W A workers preserved historic documents including wills of Benjamin Franklin and Robert Morris, other Revolutionary War figures, and court papers dating from 1716, in a major preservation project.
MENTIONED IN THIS ARTICLE
Philadelphia
Benjamin Franklin
Robert Morris
Bridges Convicted in Haygood Murder After Rivalry
Bridges, charged with first degree murder for shooting Haygood to death in a two year business rivalry, faced a lenient jury. Five shots were fired, three hit Haygood including heart and brain. A 1929 FBI report showed Bridges had a suspended sentence for third degree assault in New York.
MENTIONED IN THIS ARTICLE
Bridges
Haygood
J. Mercer Johnson
Federal Bureau of Investigation
New York
France Holds Day Of Mourning And Silent Tribute
France marks a day of mourning with a national minute of silence at 11 a m honoring WWI and WWII dead. Pomaret states France must be silent while Petain leads a new constitutional government devoted to wartime welfare. French troops are exhausted and confined to barracks as public life slows.
MENTIONED IN THIS ARTICLE
France
Admiral Drew Fears Seasickness in Public Talk
Rear Admiral T. B. Drew of the Malaya Command told a Singapore audience that seasickness unsettles him and that even crossing the English Channel is an ordeal.
MENTIONED IN THIS ARTICLE
Singapore
U.P
T. B. Drew
Malaya Command
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