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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
May 06, 1940
Page
9
The Associated Press reports closing market averages with sectors listed including Industrials 30, Rails 20, Utilities 40 and Bonds. The figures show Monday and Saturday values with Industrials around 147.33 to 147.55, Rails near 30.79 to 30.89, and Utilities about 24.86 to 25.00.
Yellowstone National Park is linked with its creation on March 1 1872 in government records. The entry emphasizes the historic act establishing the protected region and its long standing federal status.
The exchange market opened with the British pound around 1% cent lower against the dollar. The French franc and Belgian franc declined, while multiple currencies including the Canadian dollar and others showed various quotational figures and discounts.
Mild recovery in select stocks with steels aircrafts coppers and specialties rising up to 2 points but final hour gains faded. 550000 shares traded. traders blamed European war doubts and bearish overtones for an apathetic session. Notable movers included Bethlehem Steel General Motors Douglas Aircraft du Pont Phelps Dodge Kennecott Lor
Hogs at Kansas City 5 000 head. prices 10 to 20 lower than Friday with top 5.65. cattle 8 000 head with mixed shifts. fed steers 8.50 to 10.50, some to 11.00. sows around 4.65 to 5.00. calves steady to higher. Los Angeles hogs 1 500 head slow, 20 to 25 lower. cattle 3 000 head steady to lower. fed steers 9.00 to 9.75, calves 10.75 to 12.00 for good to choice. sheep 600 head steady to 15 lower with spring lambs around 9.50.
Hogs 15 000, cattle 11 000, calves 1 000, and sheep 6 000 traded with prices mixed. Hogs mostly 15 20 lower, top 6.00, 180 270 Ibs 5.65 5.90, 270 350 Ibs 5.30 5.65, sows 15 off, light weights above 5.00. Cattle active 550 900 Ibs stock steers 8.75 9.50, top weighty steers around 12.00, fed heifers 9.50 10.00, cows and bulls steady, cutters 6.00 down, sausage bulls to 7.25. Sheep slow with clipped lambs 9.60 10.60, fat sheep little seen.
Los Angeles on May 6 reports butter receipts of 259,800 pounds and cheese 100,500 pounds. Eggs arrive as 680 cases. Butter in bulk priced at 2.27, candled large at 20, mediums at 16, and small at 13.
Favorable southern weather continued to dampen futures as foreign selling and hedging increased. New Orleans traders bought on the setback while midafternoon quotes dipped 6 to 11 points with May 10.62 and July 10.35 old contracts closing 11 to 11.5 percent lower.
Justice Douglas delivered a 67 page opinion reversing the Seventh Circuit and reinstating convictions from the Madison Wisconsin federal district court. The circuit court had ordered a new trial due to claimed improper jury instructions and argued the jury should decide if the defendants’ actions formed an unreasonable restraint of trade under the Sherman Act.
The high command said one enemy battleship was struck by a heavy bomb off the Narvik front. Two German planes reportedly captured a British submarine sunk by a mine on April 15 in the Kattegat. Britain denied Germany's claim of sinking a 30,000 ton battleship and a heavy cruiser off Namsos on Friday.
Chicago May 6 Wheat futures under pressure on new crop front contracts led the decline. Prices sagged more than a cent per bushel amid short covering and mill buying, weighed by favorable weather and weak European demand. May wheat at 1.05 to 1.05 1/2, July at 1.04 1/2 to 1.04 3/4. Corn and oats also declined on tepid world consumption and steady domestic receipts.
Copper steady at 11.12 to 11.50 in Conn Valley exports. tin at 47.12 spot, 46.87 forward. Lead soft at 5.00-5.05 New York. zinc 5.75 East St. Louis. pig iron No. 2 FOB prices vary by region. Aluminum virgin 99% at 19.00. antimony 14.25. quicksilver 170-171. platinum 40.00. wolframite 22-24 duty paid. scheelite 22.00.
The report notes no Commons vote expected on the Norwegian campaign but says a vote of confidence could be triggered. Sources say ministerial changes are possible yet doubt remains if minor reshuffles satisfy critics calling for reconstruction. The Times signals the government faces a severe crisis with war cabinet size and advisory presence under scrutiny.
The circuit court was appealed by the railroad after Federal Judge Dave W. Ling ordered its dismissal for lack of controversy between the attorney general and Southern Pacific. The law limits freight trains to 74 cars and passenger trains to 14 cars. Similar statutes in Nevada Oklahoma and Arkansas were declared unconstitutional by federal courts.
Dr Karl Clodius the German economic expert and Sir Hughe Knatchbull Hugessen the British ambassador to Turkey met officials in Sofia. Clodius proposals are unclear but Knatchbull Hugessen reportedly promised Bulgaria a large British loan and a corridor to the Aegean Sea, a long‑desired objective.
Rumors claimed Allied troops withdrawn from Namsos landed south of Narvik but no confirmation emerged. Reports note Norwegian and Allied preparations to counter British attack with equipment and troops deployed along the coast.
Agulo, an original surveyor, recounts the demanding four year project to build a train line entirely under Mexican supervision. Five workers died during construction as the route traversed 90 percent desert soil amid harsh conditions.
Investigators recovered a three foot iron pinch bar from Miss Gates' car, described as typical of house-wrecking crews. They consider the tool a possible death weapon as they pursue the suspect who fled in his own automobile.
In a wartime incident a German football team’s vicinity walls were daubed with unprintable remarks about Britain and signs reading let us hope Mussolini gets to Paris, Hitler gets to London, reflecting hostile propaganda.
Across clues include dirty dart island out water spindle conjunction core measure impudent sinuous Relieves sacred yarn and help Down clues cover fodder vat glacial family room for action seed of flax slack yesterday's answer
The piece argues Hitler’s success shows luck equals strong strategy and criticizes Allied conservatism. It urges a broader Allied approach beyond blockade and predicts criticism of Chamberlain in parliament, suggesting cabinet changes and more flexible policy.
The name Oklahoma derives from an Indian term meaning land of red men, reflecting the state's indigenous heritage and geographic identity.
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