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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
May 15, 1963
Page
9
Market notes show eggs and butter unchanged. Live poultry prices at ranch include fryers and roasters with headcounts and ranges. Light hens and crosses listed with weights and averages. turkeys and yearling hens also priced in the day’s stock report.
A reader asks why Pacific Pete stock declined after years of growth and whether patience is wisest. The columnist notes the firm’s improved earnings but cautions the stock remains speculative and outlines Pacific Pete’s CANADA role and merger effects. The column explains NYSE Monthly Investment Plan limits, differences with Amex listings, and why some stocks trade in 10 share round lots due to inactivity.
Bid and asked prices from the National Association of Securities Dealers serve as a guide to approximate ranges where these securities could have been sold or bought at the time of compilation. They do not represent actual transactions or executions.
May reports indicate dividends declared on several NYSE stocks with details on rate record date and payment payable. Included are notes on stock of record and dividend precision for investors tracking distributions.
Dr. Franz Pick, monetary economist nicknamed Pick's Bad Boy, predicts universal currency devaluation. He argues the dollar is aging and will lose buying power, with other currencies following similar fates. central bankers must cooperate to avert chaos, while policymakers resist fatalistic prophecies.
Harris J. Allen of Milwaukee has been named director of the Arizona Ranch School succeeding Karl W. Ahlgren who retires at term’s end. Allen, former president of Master Products Co., has ties to Wisconsin and Illinois private schools. Ahlgren, Tucson native and 18-year veteran, helped found the Arizona Guild of Organists chapter and will stay on the board.
Knights of Pythias Lodge No 9 held a graveside ceremony at Evergreen Cemetery for early city marshals Robert E. Paul and William H. Taylor during National Police Week. Isaac Carasso Irving Fierson Murray Rose Al Ramsay attended as officers. Fierson offered the memorial prayer while William Bartreau and Rex Angeley represented the Fraternal Order of Police and placed wreaths.
Chicago report cites 41 000+ traffic deaths in 1961 with 1.5 million injuries and 3.8 billion in auto insurance payments. Journal of American Insurance warns higher rates from elevated claims and underwriting losses, urging eight safety measures and tougher licensing.
Memphis buyers see mixed cottonseed meal quotes with details for May delivery and several future months. Prices shown include May 3.50 to 4.05, July 4.00 to 4.70, September 7.50, October 4.90, and December around 8.00 cents per pound, reflecting market activity.
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