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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Mar 07, 1941
Page
10
The Associated Press market update lists closing averages through Dow Jones and E F Hutton for Thursday and Friday. Industry stocks show 121.63 and 121.59, rails 27.92 and 27.89, utilities 19.35 and 19.41, with overall index around 41.31.
U S Department of Agriculture reported mixed hog, cattle, and sheep bids across Kansas City Chicago and Denver. Hogs 180-230 lb shippers strong up to 7.70, heavy weights softer. cattle steady with light steers scarce and vealers 9.50-11.00. lambs and sheep largely steady to slightly higher with top lambs near 11.00 in places.
Copper steady at 12.00 in electrolytic spot and export FAS NY 1050-12.00. Tin at 51.50 spot and nearby, forward 51.12. Lead range 5.75-80 in New York and 5.60 in East St. Louis. Zinc steady at East St. Louis spot and forward 7.25. Pig iron aluminium antimony quicksilver platinum wolframite and scheelite unchanged.
Hogs salable 100 with strong to 15 higher quality. medium to choice 180-228 lbs. trucking mostly 9.00. top 9.00. odd heads 8.50-75. off weights 7.50-8.50. heavies 7.25. sows 7.00. Cattle salable 300, slow but steady. steers around 11.00 for medium. cows 7.25-8.00. cutters 5.50-7.00. vealers up to 13.50, around 14.00 for best. Sheep salable none. lambs to 11.00. ewes above.
Prices listed for Leghorn hens in various weight ranges, soft breasted roasters, colored hens, fryers, rollers, and squabs dressed per pound. Includes figures per pound and weight classifications for market buyers.
Horseshoe pitching, a sandlot favorite in North America, may spread in Britain due to its growing popularity with Canadian and American troops. Dozens of horseshoe sets have been shipped by the Canadian Y M C A to distribute among soldiers.
Disappointed selling cooled a brisk market rally as traders awaited follow through. Techs cite a one day bounce not reversing the trend while profit taking trimmed gains from yesterday. Universal Pictures Preferred rose about 5 points while many issues fell or held steady.
Chicago wheat prices rose then gained again with a net rise of more than a cent a bushel amid active trading and bullish factors. May and July contracts showed gains while corn and oats rose. Boston wool inquiries were scarce with nominal yet firm quotations for limited spot lots and grading prices around 41 to 45 cents in the grease.
The disturbance moved from the lower Rio Grande valley into the middle gulf region with greater intensity. Temperatures trend lower across Texas New Mexico and Oklahoma with varying highs and lows listed for major cities including Phoenix Prescott Albuquerque and Chicago. Fair weather expected tonight in Arizona and New Mexico with cooler nights and modest warmth Saturday, while Southern California remains clear with increasing clouds Saturday.
Washington reports the office of production management imposed mandatory priorities on nickel and neoprene to meet defense needs. E R Stettinius Jr says the action secures about 14 500 000 pounds of nickel from the British empire in March, roughly 70 percent of its total British empire production.
The Canadian dollar rose 1/16 cent in the New York open market while other major rates remained steady. The report lists late rates for several currencies including British pounds, German marks, and Japanese yen with spot cable references for commercial dealings.
Cotton futures rose broadly led by new crop deliveries with demand from southeast mills spot interests Wall Street and Bombay buyers. Traders heard Washington may lift the loan toward parity about 12 cents a pound with futures closing 4 to 9 higher.
Produce exchange receipts list totals for Los Angeles on March 7. Butter 140100 pounds and cheese 31200 pounds. Butter in bulk 32. Candled large eggs 20 percent, do mediums 1919, do smalls 1414.
City of Tucson passes Ordinance No 893 amending Ordinance No 647 to move bottling works from class A industrial to class C business district. Section 2 removes bottling works from the industrial district uses. Effective March 3 1941 with public notice March 5 6 7 1941.
A sequence of recessed meetings in February 1941 addresses bidding on prisoners meals milk drugs printing and publishing minutes notices and budget items. Awards favor Owl Cafe Sunset Dairy Martin Drug Company and printing firms while Tucson Daily Citizen and Southwest Veteran receive publishing bids. Requests arise to include Tucson Ajo Road in state plans.
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