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Tucson Daily Citizen in Tucson, Arizona

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Newspaper

Tucson Daily Citizen

Location

Tucson, Arizona, United States of America

Date

Jun 28, 1940

Page

9

Market Movement In New York On Willkie Nomination

The New York market rose briskly on June 28 with utilities leading as theWillkie nomination boosted sentiment. Trading reached about 1.2 million shares in the first hour with rapid gains and profit taking later narrowing the top. Major movers included Consolidated Edison American Water Works U S Steel Bethlehem Chrysler General Motors Dow Chemical Du Pont Westinghouse and General Electric while Standard Oil of New Jersey Sperry and Phelps Dodge lagged.

New York Wendell L. Willkie Wall Street Balkans Go.p Common- Wealth Southern Common Willkie North American Consolidated Edison Public Service of N. J American Water Works United Gas Improvement U. S. Steel Bethlehem Chrysler General Motors Dow Chemical du Pont Westinghouse General Electric Ae Smelting Sears Roenck Standard Oil N. J Sperry Phelps Dodge Power and Light Company

Cotton futures ease after July notices trigger liquidation

Cotton futures fell after 56 July notices prompted liquidation and Wall Street selling. Early gains faded as July settlement pressure grew, with futures closing 3 to 6 points lower. Old July at 10.7, new 10.50. other contracts listed with modest declines. Middling spot at 10.85.

New York Wall Street

Produce prices and receipts from Los Angeles market

Produce exchange receipts list butter 167000 lbs cheese 41600 eggs none. Butter in bulk 0.30 candled large eggs 0.22 do mediums 0.18 percent do smalls 0.14.

Los Angeles Calif

Bar silver price holds at 34 percent

In Silver New York on June 28 the bar silver price remained unchanged at 34 percent.

New York

Livestock Prices and Totals Report Denver June 28

Livestock market summary from Denver shows cattle salable 75 head total 75 with calves 25 head total 25. heifers 9.60 and cows 6.00. canners 4.00-5.25. bulls 6.00-7.5. vealers 10.00. Hogs salable 200, total 1,900. top 5.75 for 265 lb. sows 4.25-4.75. Sheep salable 3,900. native spring lambs 9.85-10.40. ewes 5.10. carrots spring lambs not traded. steady to strong.

Denver

Cattle Hog and Sheep Prices Move At Kansas City Auction

Kansas City market report shows hogs total 1,500 with most 10-15 higher, top 5.50. cattle total 350, salable 200, calves 250, with killing classes steady and vealers firm. Sheep total 1,200, spring lambs uneven but mostly steady to 25 higher, best collected at 10.75 to 10.50 for natives and goood to choice lots.

Kansas City

Chicago Hog and Cattle Market Report With Prices

Salable hogs 7 000 total 13 000 prices steady to 10 up with 250 lb hogs up 10 to 15 cents. sows 5.75 top as weights vary. Cattle: 1 000 head with calves 300. best weighty steers 10 90. heifers 9 65 9 75. stock cattle 8 75 9 75. calves 11 00. meat cows 5 50 6 25. Sheep 1 000. demand strong with native spring lambs 11 35 to city butchers. load 73 lb shorn lambs 8 25. Texas two year olds 6 50. ewes 2 75 3 75.

New York Curb South Alum Co Am Aero Am Gas & L Hutton & Co New York Stock Exchange St & T Indus Maracaibo G&e Saan Ark Nat Gas A G&el Atlas Corp Sterl Prodweewee Aviation & Tran Stewart Warn Babcock & Wil A Stone & Webeee Baldwnne War Studebaker Omaeeeenee Abbott Lab Yi Gimbel Bros Sun Oil Wees Sewed Blue Ridge Adams Exponeeerneee Glidden Coweeeeeeree Fa Sunshine Mag Carrier Corp Addresseg Sereeerseree Goodrich Oteereneenene Superheater Cen & Swateeeeee Air Reduc Core Goodyear T & A. BX Cen St el Alaska Graham Paige Superior Oil Wattenewes Alleghany Corp Swift & Co Alleghany Grant Comlch & Sw al Chem & Dye NorkOre Ctf Creole Pet Allied Strs No Ry Pf Oa i | Tenn Corp Crocker Wh Eim Allis Chaig Seers Texas Co Crown Drugscore Amerada Greyhound Tex Gulful Weeeee A el Bond & Sh Am Airlines Guantan Sugar Tex Pac C&o Serereee Am Bank Note Tex Pac L Tr el B&sh Can Thermoid Teeee Equity Corp Homestake M Thomp Starrett Falstaff Brew Am Ch & Cable Car & Fay Tide-Wat Glen Alden Encaus Til Houston Oil Timk Gt Ail & P Nw Howe Sound Internat Pet Lone Star Gas Pow & St Straneeneereee Tween Fox F P&l Interb Rap Tereeee Louis L&e Rad & Sts Interchem Corp Mesabi Iron Interlake UN Bag & P Ae Mount Ctygg Am Smelt & R Int Harvest Ic UN Carbide Republic Avia Pap&p Pf Sherwin Wms Johns Manville Eng & Fd Armstong Cork St Oil Ky St Pow & Lt W Atch T& SF Kresge SS Seveeeseseee Sunray Oil Atlast Line Wesevese Kress SH Eeereeesere U S Steel Balt & Ohio Pf U S Steel Pf Ark P.L Barber Asph . An McN & Lib As Elec Barnsdall Eeewsewos Ligg & My B Strie A Baldw L Bayuk Cigar Oreree Lima Loco Bendix Aviat Cit SP Young S & W Callahan Z-Ld Minn-Hon Reg Minn Moline Youngst Sh & T Canad Pac Eacaceeereeee Zenith Radio Chi & N W Murray Corp Chrysler Cluett Peabody Eelum G & el Nat Pow & Lt Comwith & Sou Om & South Ee Nat Supply Newport Ind North Am See Container Corp Northern Pac Oliver Farm Owens II Gleerreree Coty Inc Eereererscees I* Crane Co Pac G & el Crown Cork Crosley Corp Sen Oeeee Pace Lt Crown Zellar Oreaee Packard Mot Crucible Stl Param Pict Ateeewewes Cuban Am Su Pathe Film Soseeees Petro Corp Deere & Co Philip Morris del & Hud Phillips Pet del Lack & W Devoe & Rav A Pitt Scr & B Dist Corp Seag Plymouth Oil Poor & Co Dow Chem Douglas Airc Procter & Gam du Pont de Pullman Eastman Kod el] Auto L Rem Rand Erie RR Fairlok Morse Repub Foster Wheeler Freeport St Jos Gen Am Trans Schenley Bronze Ercoventec Seaboard Air Seaboard Oil Con AO Sears Rock Commons Gen Mills Shell Union Simmons Gen & Ad Chicago Texas

California Livestock Market Report Los Angeles June 28

Hogs salable 100 with steady to 10 higher bids. Top 6.60 for 204-207 lb Californias. medium to heavy lots premium on medium weight. Cattle salable 150 with steady cleanup trade. good fed steers around 9.75+, dairy cows 4.75-5.75, canners down to 4.00. Calves 100 with few heavy calves at 9.75 and vealers 11.50+, sheep supply none. wooled lambs up to 9.50 and light ewes to 4.00.

Los Angeles

Exchange News: British Pound Dips After Sharp Jump

New York June 28 The free British pound fell 6 cents today after yesterday’s 26 cent surge. Rates list official Canadian control board figures for U S dollars with premiums and discounts, plus various international currencies and spot cable quotations.

Exchange New York Great Britain Canadian Control Board U. S Belgium Denmark Finland France Germany Greece Hungary Italy Netherlands Norway Portugal Rumania Sweden Switzerland Yugoslavia Argentina Brazil Mexico Japan Hongkong Shanghai

Metals News Roundup From New York Markets

Copper holds steady at 11.12 sin exports and spot in Conn Valley. tin remains 52.75 with forward 50.25. lead steady at 5.00-5.05 in New York and 4.85 East St Louis. zinc steady at East St Louis spot and forward 6.25. Other metals including pig iron aluminum antimony silver platinum tungsten and scheelite unchanged.

NEW York Bonds Alleghany Eine Ae T&t AT & SF B&o B&o SW Bell T Pa Beth Sdl Bos &. Me Bkly Edis Brk UN Gas Con Oil Cuba NoRy Duqu Lt Goodrich Gt Nor Ry Hud&m Rfg Ill Cen Int Paper Int Loew’s Phila Co Postal T&c Socony-Vac South Ry Stude UN Pac Ist Utah P&l Is West UN Wilson & Co Youn S&t Belgium Brazil &S Seeesewavee Ger New York Conn Valley Fas NY East St. Louis

Auto prices seen higher as dealers hold strong orders

Dealers maintain firm factory orders above expectations despite record field inventories in 1941 auto market. The pace suggests prices may stay elevated as manufacturers clear excess stock and meet demand.

Brooklyn Union Gas Co. Sees Gas Output Up in Q2 1939 Tie

Operations of the Brooklyn Union Gas Co. in the second quarter show a gas send-out averaging about 5 percent higher than the same period in 1939, indicating continued stronger performance than a year ago.

Brooklyn Union Gas Co

Continental Oil profits seen rising on higher sales

Slightly lower refined product prices may be offset by much higher sales volume in the current quarter for Continental Oil Co. compared with the first three months of the year. Indications to date suggest profits could approach the initial period level of 29 cents per share on outstanding capital stock.

Continental Oil Co

National Dairy predicts lower first half earnings

National Dairy Products Corp reports six month net income near 85 cents per common share for the six months ended June 30, below the $1.01 per share and $6,678,849 net for the prior year. Current month results are expected to heavily influence the half year figure.

National Dairy Products Corp

Grain prices slip as wheat hits low since September 1

Wheat futures faltered after a brief early advance, closing fractionally down from the prior session. Prices dipped as much as 1% cents below yesterday, with July at 76 3/4 and September at 76 1/4 to 75 5/8, while corn and oats also moved higher and lower amid market sentiment.

Chicago Willkie

British Backing in Conference Hinted by Neutral Source

A neutral source claims peace factions within allied forces press for an end to the European war via a conference. It cites Wall Street influence on peace terms that could shield US markets and notes Ford’s engine stance shaping aircraft factory plans. Churchill’s cabinet stability and Russia’s backing are discussed as pivotal.

London Wall Street New York United States Henry Ford Ford Winston Churchill Neville Chamberlain Churchill Russia Britain Turkey

Hongkong City of Newport News Sets Sail for America

The Hongkong City of Newport News departed today for the United States and may be recalled if needed. President Coolidge is deemed large enough to carry all American passengers aboard.

Newport News Hongkong America Coolidge

Willkie Secures Unanimous G O P Nomination At Convention

After six ballots Willkie clinched the Republican nomination at the convention with 72 Pennsylvania votes adding to his total to reach 570. Dewey, Taft and others conceded. Willkie pledges to carry Republican principles while focusing on victory over Roosevelt.

Elwood Ind Willkie Thomas E. Dewey New York Robert A. Taft Ohio Old Foxes Pennsylvania Willkie Strategy Board Joseph W. Martin, Jr America Bricker

Hungary Romania crisis deepens as Transylvania mobilizes

Hungary with Premier Teleki and Csaky presses for gains while Romania, signaling concession to Russian demands, secretly mobilizes reserves. About two million Romanian troops are readied for action and rushed toward Transylvania as tensions rise.

Pal Teleki Istvan Csaky Vienna Joachim von Ribbentrop Romania Hungary Transylvania

Arizona Gets 300000 For Rural Electricity

Washington June 28 The Rural Electrification Administration plans to allot 300000 from a 1940 41 agriculture appropriation to aid construction of rural power lines serving 300000 new customers Administrator Harry Slattery disclosed. He said a 70000000 backlog of loan applications exists and state allotments may be revised as new information arrives.

Washington Arizona Rural Electrification Administration Harry Slattery Congress Slattery

California Citrus and Walnut Crops Generate Over 100 Million

Orange and walnut growers in California report annual income exceeding 100 million dollars. The strong harvest supports farm communities and local economies across regions known for citrus and nut production.

Also Mentioned on This Page

THE Associated Press Anaconda Calu & Hecla Cop & Zinc Cerro de Pasco Con Copper Hecla Inspiration Kennecott Miami Shattuck Dean Dahlberg, Durand & CO Banks and Trust Stock Bk of Am Nts Bank of Man Bank of Eee Bankers Bklyn Cen Han Bk & Tr Chase Nat Chem Bk & Tr Guaranty Tr Irving Tr Manufacturers Tr NY Trust Title G & T. Se Gallup Dewey Taft Martin Pine Street Roosevelt Tennessee Valley Authority New Deal Commonwealth Southern Tennessee Valley Democratic Party Alf M. Landon Republican House Republican Party Ki Charles Halleck Indiana G.O.P Manufacturers Sales Company South Park Avenue Russell & Shepherd Fourth Ave Hubbard’s Grand Ave St. Mary's Rd M. Bring Arizona Mortuary, Inc North Stone Avenue Reilly
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