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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

May 01, 1940

Page

11

Market Movement Hits Steels and Aircraft Shares In Decline

New York May 1 stocks linked to wartime industries fell as Norway campaign fears weighed on Allies. Overall turnover around 850000 shares with many leaders down only fractions from open. U S Steel Bethlehem Chrysler Montgomery Ward and others led the declines. Western Auto Supply touched a new low.

New York Norway U. S. Steel Bethlehem Chrysler Montgomery Ward Case Caterpillar Douglas United Aircraft Martin American Airlines American Smelting International Nickel General Electric DuPont Union Carbide Johns Manville Loft Western Auto Supply

Livestock Market Report Los Angeles May 1

Hogs salable supply 600, butchers steady to 10 lower, top 15 down. Cattle salable 400, fully steady, fed steers up to 9.25, grassy Mexicans 7.10 7.25, stocker and feeder steers 7.75 8.00, grass range cows up to 6.75, common cows down to 5.75. Calves salable 150, range vealers 11.75, 300 lb calves up to 10.50. Sheep salable 650, lambs 9.00 to 9.50, shorn ewes 3.75.

Los Angeles California

Livestock Prices Mixed Across Hogs Cattle and Sheep Sales

Kansas City market report shows hogs at 5.75 to 5.95 top with light weights 5.35, stock pigs 5.35 down. Cattle totals 1,900 with calves and fed stock steady to higher. heifers scarce supporting short fed bogies. Sheep totals 6,000 with native spring lambs steady, sheep up to 10, good natives 11.00, Arizona ewes 4.75, shorn ewes 4.50.

Kansas City Arizona

Market Report: Slower Hog Trade with Steady Prices

In Chicago on May 1 salable hogs reached 11 000 with total 14 500, closing fairly active and generally steady. Prices ranged 6.00 to 6.25 for upper weights, with most hogs 270 to 360 pounds at 5.75 to 6.00 and lighter butcher classes up to 5.50. Cattle and calves showed strength with salable cattle at 8 500 and calves at 1 000, bulk 8.75 to 11.00, best fed steers around 12.00 and prime weighty steers over 13.00, Nebraska heifers 10.75, cows steady around 6.00 down on cutters, vealers 10.50 to 11.50.

Chicago Nebraska

Exchange Drop Spurs Broad Decline in Major Currencies

On May 1 in New York a 2 percent drop in the British pound triggered a broad slide in foreign exchange rates. The report lists late rates in dollars and cents for major currencies including Canada 84.64, Britain 3.48, France 1.98, Germany 0.4018, Japan 23.48, Mexico 16.80, and Argentina 29.77 official with free quotes. Rates shown are spot cables unless noted N nominal.

New York Great Britain U. S Belgium Denmark Finland France Germany Greece Hungary Italy Netherlands Norway Portugal Rumania Sweden Switzerland Yugoslavia Argentina Free Barzil Mexico Japan Hongkong Shanghai

Wheat Prices Fall Then Rebound In Chicago Trade

Wheat slumped up to 3 cents a bushel to the lowest level since pre invasion of Scandinavia, then recovered some losses. Liquidation of May contracts and heavy marketing weighed on prices, with improved crop conditions cited. May closed 1 1/2 to 2 cents lower at 1.04 to 1.05 a bushel, July at 1.04 to 1.04 1/4, corn and oats also fell.

Chicago Scandinavia Rome Italy

Robison to Speak at Saf ford Junior High Commencement

Roy Robison principal of the Safford Junior High will speak at the eighth grade commencement for rural schools on May 17. Exercises start at 2 p m in the Safford Junior High auditorium per county superintendent Mrs P H Ross.

Roy Robison Safford P. H. Ross

Montgomery Ward predicts first quarter earnings near five million

Financial brief notes Montgomery Ward executives resigned without policy dispute and projects 1939 first quarter earnings at 5 million after dividends on class A stock. Per share would be 89 cents versus 78 cents the prior year. Also mentions Union Pacific bond refunding under review with details of issue 4s and 5s of 2008 callable at 107 percent. call notice required by June 1 for the September 1 date.

Dahlberg, Durand & Co Montgomery Ward & Co., Inc Union Pacific Railroad

Department store sales show best year-over-year rise since March period

A notable improvement in department store sales is reported with indicators that this week will compare favorably to last year. Nationwide merchandisers say sales are especially strong in industrial regions. Week ended April 20 shows sales 7 percent ahead of the prior year.

Lockheed Reports First Quarter Net Around Million Dollars

Lockheed Aircraft Corp. posted about 1 million dollars net after charges for the quarter ended March 31, with earnings near 1 dollar a share on 1,000,000 shares outstanding. The value of aircraft turned out ran close to 9 million dollars, compared with previous quarter figures near 9 million.

Lockheed Aircraft Corp

Bethlehem Steel declares 1.25 dividend vs 1 earlier

Bethlehem Steel Corp. reports a 1.25 common stock dividend, up from 1.00 in the previous quarter. First quarter earnings after preferred dividends reach 3.02 per common share, with about 0.39 a share in extraordinary refunding charges affecting comparatives.

Bethlehem Steel Corp

Unfavorable weekly weather report but cotton futures move little

In New York on May 1 the weekly government weather and crop report had minimal market impact on cotton futures. Bargain and domestic hedge selling dominated with prices trading in narrow ranges and closing 1 to 2 points higher to lower.

New York Bombay

Metals Prices Steady in New York Market

Copper steady at 11.25 to 11.50 in Connecticut Valley spot and export. Tin at 47.25 spot and 46.87 forward. Lead steady at 5.10 to 5.15 in New York, 4.95 in East St. Louis. Zinc steady with East St. Louis spot and forward at 5.75. Quick silver 172.00 nominal. Pig iron aluminum antimony platinum Chinese wolframite and domestic scheelite unchanged.

New York Sheffield Aero Sup Amg&p Dow Jones & Co E. F. Sou Cal Ed Lt & T «Aw Maracaibo Sparks Sup Pow Seneee Ark Nat Gas A Spiegel Inc G&es A Ie Ss Atlas Corp War Babcock & Wil Adams Exp Goodrich Ber Eeterren Goodyear T & A Berk&Gay Furn Air Way el Graham Paige Ltd Oil N J .Q Lis Alaska Granby Can Marconi Blue Ridge Alleghany Corp Stewart Warn Allied Strs Greyhound Sunshine Mag Cit Allis Ch Colum G&e Pl Amerada H . Swift & Co Am Ch & Cable Texas Alco Tex Gulf Am Encaus Til Houston Oil Tex Pac L Tr el Bond & Sh Howe Sound Thomp-Starrett Ford Mot Ltd Am Geeees Hudson Mot Glen Alden Coal 87 S Pow & Lt Gt Atl & Paw P&l Illinois Hecla Mineeteeeee Tri Cont Corp Tumble Oil Setee Smelt & R Interb Rap T Truax Tracr Limp Oil Ltd Interchem Corp Ins Co N Am Eeveee Interlake Hydro-El Int Pap Int Pap&p Pfeeneee Unit Air Lines Armstrong Cork I Ig Tel & Tel Aircr Crp Pitts Pl Bis Republic Avia Atch T& SF Johns Manville Unit Carbon Re Indus St Regis Pap Atlast Line K United Corp One Kresge SS Sherwin Wms Atlas Corp Kroger Groc Eng & Fd St Oil Ky Aviation Corp Dseseveres Lambert U S U S Leather Balt & Ohio Pf Waco Aire U S Real & Im Barber Alph Barnsdall Ligg & My U S Rubber Elec Bendix Aviat U S Steel Baldw L Beth Str U S Steel of Jaan Blaw Knox Acseonceee Lockheed Aire Boeing Airpl Loew’s Ww Borden Lone Star Cem Borg Warner Werves Briggs Mfg Brklyn Man T Walgreen Mack Trucks Crerce Walkerh G&w Bucyrus Erie Macy RH Walworth Starrett Corps Marine Mids Warner Pic Marsh Field West Oes UN L&p 6S Bulova Watch West Union Tel Burr Ad Mach Martin (Gl) Co Westingh Air Termi Elec Masonite Corp West el & M Byers Co . Maytagoweee Wheeling Str Cc McCrory Canad. Pac Mengel Woolworth Monty Ward Young S & Wereene Chi M St P&p Me Youngst Sh & T Chi M Stp&poly Motor Wheel Chick Is &’*P Murray Corpecores Zenith Radio Childs Co Zenite Nat Acme Colum G & el Cevceenensesvem Comi Comwith Accese Newport Nynh&h Oliver Farm Coty Inc Crosley Corp Werene Crown Cork Pac G & el Crown Zellar Pac Crucible St Pan-Am Airways Park Utah _ Curtis Pub oreeren Curtiss Wright Pathe Film Patino Mines Penick & Ford Penney JC Penn Dix Cem Deere & Co Penn Hud Peoples Gl &C del Lack & W Petro Co Devoe & Ray A Philip Morris Dist Corp Seag Dome Mines 1846 Phillips Pet Douglas Aire Eastman Kod el Auto L Pullman Oe el Boat Ss el Pow & Lt el Paso Nat Gas Erie R R Eng Pub Eis Radio Corp Am. O Radio KO Raybest Mansselbes "Ay Fairbk Morse Fed Met Est St Jos Elec Caine St L San F Gen Foods Schenley G & Ela Seaboard Air Seaboard Oil Sears Rock Sharon St Corp T & Rubwosere Nog Shattuck F G Shell Union Gimbel Bros Silver King C Glidden Co Conn Valley FAS N. Y East St. Louis

Produce exchanges show butter and egg prices in Los Angeles

May 1 reports from Los Angeles show butter receipts at 95 500 pounds, cheese 31 000 pounds, eggs none. Butter bulk price 0.27, candled large 0.20, mediums 0.16, smalls 0.13 per dozen.

Los Angeles Calif

Bar Silver Holds Steady In New York Market

SILVER NEW YORK May 1 Bar silver priced at 344 unchanged as of today with little movement on the metal market.

New York

Fire lookouts assigned early in Coronado forest

As the dry season presses Coronado national forest, lookouts and foremen are set at key posts. In the Catalina range Mt Bigelow houses a lookout with Palisades ranger station guarding duties. Chiricahua sites include Silver Peak and Rustlers Park.

Coronado National Forest Catalina Range Mt. Bigelow Palisades Ranger Station Chirachua Range Silver Peak Rustlers Park Atascosa Peak Tumacacori Ranch

Mrs Ross Radio Program Changes Time and Topic

The KTUC music appreciation show sponsored by Mrs P H Ross will air at 1 p m on Thursday instead of 1 35 p m Wednesday. Tomorrow's broadcast will cover Music of the American Indian with Prof Hartley D Snyder of the University of Arizona hosting.

KTUC P. H. Ross County Superintendent of Schools Hartley D. Snyder University of Arizona

Prelude to a German exile in London intrigues

Exiled German Stutz faces blackmail and duty as Siegfried Kloffer, an Austrian trader, seeks favor from England while their past ties and German loyalty intertwine. Adelheid questions her feelings for Kloffer as General Waldenfels plans a perilous future. Arrival is set for tomorrow.

Hermann Kloffer Stutz Erich Stutz England Germany Siegfried Kloffer Anna Adelheid London Villach Carinthia Max Adelhheid Herr Kloffer

German General Faces Question of Right Authority

In Nazi era Germany General von Wallenfels contemplates if he serves the right master as Adelheid von Reinhold probes loyalty and future fate. Siegfried Kloffer fears Adelheid's unattainable status amid 1939 Germany's upheaval.

General von Wallenfels Uncle Max Man von Wallenfels Nazi Germany Adelheid Grafin Adelheid von Reinhold Baltic Germany Prince Max Grafin von Reinhold W’ Brigade House of Wallenfels

George Washington Electoral Votes Across First Two Terms

George Washington amassed 69 electoral votes for his first term and 132 for his second term, reflecting the early foundation of U.S. presidential elections.

George Washington

Also Mentioned on This Page

THE Associated Press Bk O Nts Bank of Man Bank of Y Ewteet NEW York Bonds T&t AT & SF B&o Bos & Me Ch&nw D & RG D & RG 46S &G% 8% Duqu Lt el Auto Lev Gen St Cast Goodrich Gt Nor Ry Hudson Hud&m Rfg Ill Bell T Int HydroEl Liggett & M Loew's Mo Pac Nat Dairy Nor Pac Penn RR Postal T&c Schulco South Ry US Steel Utah P&l Util P&l Warner Bros West UN Wilson & Co Youn S&t Brazil Canada Cuba Ger Govt Sis Treasury ST. Rees Ogee Deiebnaebs Aleeninasiniitie Renee Ween Robison Awotans Storm Trooper Siegfried Francis Gerard King Features Syndicate, Inc Reilly Undertaking CO Arizona Mortuary, Inc E. Thire Parker Mortuary North Stone Avenue
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