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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Jun 26, 1959
Page
27
In Chicago on June 4, wheat and corn futures gained about a cent while soybeans briefly broke through with July soybeans lifting short covering over a cent. Broad rally eased as profit takers imposed selling near the one cent level across several spots.
A Los Angeles market report outlines FOB distributor plant prices for various egg sizes and cartons, delivery costs to retailers, and consumer pricing in large stores. It also lists June live poultry volumes including Ranch fryers and hens with headcounts and price percent changes, showing ongoing price and stock movement.
The report lists B futures closing 3 lower to 4 percent higher with July 475 Sep 3342N Dec 32.30 Mar 31.25 May 3.20. M futures close 7 to 27 higher Sep 43.12N Dec 34.75N Mar 37.73N May TM 55N. A-Asked N-Nominal.
In New York on June , the cotton textile market was quiet with inquiries for print cloths and other constructions spanning spot to year end deliveries. Offerings were scarce while the wool goods market remained steady. Spun and filament rayon fabrics saw small sales in man made fibers for spot and third quarter.
New York closing over the counter U S Treasury bonds show bid-ask spreads and yields with varied prices by maturity. Prices are quoted in dollars and thirty seconds and subject to federal taxes but not state income taxes.
The New York Central Railroad posts May net income of $3,346,217 or 82 cents a share, reversing a $3,940,256 loss a year earlier. For the first five months, earnings total $6,546,050 or $1.01 per share, vs a $24,500,550 loss in the prior year. Also noted: National Gas & Oil Corp reports 12 months ended May 31 results showing earnings per share.
The Liberian freighter Monrovia sank in 140 feet of water in Lake Huron after colliding with the Canadian grain carrier Royalton in dense fog. All 29 crewmen abandoned ship and were rescued by the Norman W. Foy. The incident marked the first major inland water collision since the St. Lawrence Seaway opened. The Monrovia was en route to Chicago with a steel cargo when it struck the Royalton.
In Bone eastern Algeria French troops closed in on two isolated rebel units near the battlefield area. At a farmhouse attic about a mile away six rebels were trapped. five were killed and one wounded by machine gun fire. No French casualties reported.
Marie Fridena wife of Arizona State Representative Dr Thomas D Fridena died yesterday at Good Samaritan Hospital Phoenix aged 58. She lived at 717 North 6th Avenue Tucson and was active in American Legion Auxiliary units PTA and prior state president. She is survived by husband two sons Carlof and Thomas Jr daughter Mrs Wyley Haverty a brother sister and six grandchildren. Memorial service set for 4 p.m. Sunday at Arizona Mortuary Chapel officiated by Rev Victor Fridena Cremation to follow.
In this 1968 Citizen column, the advisor warns the reader that 200 dollars a year is insufficient to live on, suggests rechecking housing costs, and recommends a mortgage term policy for protection. The piece also explains how government bonds are traded, brokers vs principals, possible small increments, and par redemption unless the government goes bankrupt.
An Indian woman Ella Declay was sentenced in U S District Court to life for second degree murder of her husband Robert Declay on Ft Apache Reservation. She testified she endured years of brutality including head injuries and throat slashing before the fatal ax blows.
A gunman robbed Valley National Bank at Williams Air Force Base near Chandler, taking about 5 000 to 6 000 dollars from teller Ann Bowman. The raid, carried out inside the base gate, involved a tall young man. FBI sent agents from Phoenix to investigate as air police aided the inquiry. The bank branch is managed by Clause Lage and serves base depositors.
Norman Cousins editor of the Saturday Review met with leaders of the Soviet peace committee in Moscow to discuss eliminating the atomic threat. He traveled at the invitation of the Union of Soviet Societies for Friendship and Cultural Relations with Foreign Countries.
Mrs. Boris Eraw was ordered held for Superior Court on one count of contributing to a delinquency of a minor after a preliminary hearing. A second count was held for advisory by Justice of the Peace Alice Truman amid questions over similarity to a separate child stealing charge.
CHEROKEE N C an 11 mile stretch of road linking the Blue Ridge Parkway with the Great Smoky Mountain National Park was formally opened Thursday.
Wall Street trends show aluminum stocks turning positive as auto makers adopt aluminum engines in new small cars. Industry forecasters note shifting momentum, with firms like Reynolds & Co and Shearson Hammill naming favorable bets and growth opportunities in related sectors.
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