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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
May 06, 1964
Page
9
In New York on May 5 AP notes domestic sugar futures No. 7 down two to lower, with July at 7.15 and Sept at 7.17p. Other notes show Nov at 7.084 and Mar at 7.01, with May near 7.00a and July 7.0en. World sugar closes weaker across several months, with 1,672 contracts traded and key levels for July, Sept, Oct and March shown. Raw sugar spot at 7.20.
In Chicago wholesale butter and eggs prices held steady with slight movements for low grades and whites. In Los Angeles alfalfa prices and carlot arrivals for several grains show no change, with small shifts noted in flour and sorghum categories.
SP Acquires Leasing Firm Stock reports Southern Pacific's purchase of Bankers Leasing Corp of Boston. Bankers Leasing holds about 272 million in equipment under lease with 85 U.S. companies. The Zises family sold stock. Alvin Zises heads the firm. SP will join the board. price undisclosed.
Pasco city officials ordered a new head count to boost per capita state liquor and gasoline tax shares. The census cost 1567 dollars and showed a population drop of 823 to 15 677, leading to about 13100 dollars less state funding this year.
A New York dividend notice reports declared dividends with rate period and stock record payable details. The notice specifies payment timing and eligibility based on share ownership.
A reader asks why holders of old U.S. Treasury 24 percent bonds must endure losses as market yields rise. The reply explains Treasury borrowing, fixed coupon payments, and the callable 1972 67 maturity, noting that new issues offer higher rates while old bonds decline in price yet will be redeemed at face value at maturity. Tax implications of stock mergers are briefly noted.
The report covers Kennecott Copper, Goodyear Tire, Commercial Credit, Emerson Electric, North American Coal, Coca Cola, and Boeing. It notes increases in net income and sales for several firms, with Goodyear posting its highest quarterly results, while Boeing reports Q1 earnings of 98 cents per share on $7.9 million net.
New York May 5 coffee futures fell as commission houses hedged and cited International Coffee Council measures that could raise free market supplies. The green market held steady with Santos No 4 ex dock at 48.50, futures declined across months with May at 47.75, July 48.01, September 49.55, December 50.50.
New York May 5 Bleachable cottonseed oil futures closed 3 points higher. Sales totaled 34 contracts. Nearby May and July futures settled at 11.75 and 11.40 respectively with December at 11.95. Closing bids included September at 11.60 and October at 11.39.
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