Bar silver steadies at 35 percent in New York market
In Silver, New York on May 29 the bar silver held at 35 percent, with no change noted.
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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
May 29, 1940
Page
11
In Silver, New York on May 29 the bar silver held at 35 percent, with no change noted.
At Cotton New York on May 29 futures held small gains in light pre holiday dealings. Near months bought while distant positions found support from steady stocks and a slightly unfavorable weather report. Old contracts closed 24 higher with July at 9.60 and 9.80 for new. spots quoted 10.43.
Metals report shows copper steady at 11.37%4-50 for electrolytic spot and Conn Valley export FAS NY 11.37%. Tin remains firm at 54.00 spot and nearby with forward 52.00. Lead holds 5.00-5.05 spot in New York and 4.85 in East St. Louis. Zinc steady at East St. Louis spot and forward 6.00. Other metals including pig iron aluminum antimony quicksilver platinum and scheelite noted but details not provided.
Los Angeles on May 29 reports receipts of 166700 pounds butter 47100 cheese and 600 eggs in cases. Butter in bulk sells at 28 cents per pound candled large eggs 21 cents per unit mediums 16 3 4 cents and smalls 13 4 cents.
Livestock markets in Los Angeles show hog supply 300 with steady to lower prices for good and choice cattle 500 salable with steadier calves 150. Sows slow with no early sales, cows steady to weak, odd feeders and grass stock noted. Sheep offerings 300 with small feeder lambs and shorn old crop lambs listed for arrival.
In Kansas City reports hogs total 2,500 with top around 5.25 and cattle activity steady to weak near slaughter prices. Calves, sheep and stockers show mixed results with steady to lower bids. hogs and sows listed with various weight bands and price ranges. Chicago market lists hogs 10,000 salable with top around 5.55 and cattle to 11.40 bid for strictly choice steers. calves and vealers down, sheep trading fairly active and near steady.
New York May 29 stocks moved higher in a war influenced market while bonds and commodities followed the upturn. About 650000 shares changed hands as traders avoided heavy commitments before Memorial Day closing. Steel, motors and other war industries led gains with notable gains in Youngstown Sheet, General Motors and many others.
Sterling and the French franc rose versus the dollar amid ongoing reports of serious Allied reverses. The market tallies spot and cable rates for major currencies with Canadian and other nations listed, including Japan and Hong Kong, as quotes move on optimism and risk.
Wheat prices recovered from losses after the Belgian surrender news, with gains at Winnipeg and Buenos Aires and firmer securities boosting confidence. British flour purchases were noted as the threat of invasion loomed, leaving July at 83 8 and September at 83 1 2. Corn fell modestly while oats stayed steady.
German high command announces a sweeping victory in the northern front, claiming destruction of Allied air forces and ships. They report Lille fallen, entrapment of the Allied front in Flanders Artois, and a rapid German advance from Ostend to a line via Bruges Dixmude Ypres Lille Armentieres Cassel Gravelines toward the Channel near Dunkerque.
George Scalise former president of the building service employees international union was named in a 129 page indictment charging grand larceny common law larceny embezzlement and forgery totaling 60 087 dollars. The document lists seven men who testified they did not receive money cited in union books.
Tucson senior high schedules summer term from June 3 to July 12 with two hour classes Monday through Saturday. Tuition is 7.50 per half unit and 12 per unit. extra sections added if 20 enroll. First class at 7 am covers economics civics American history algebra geometry English Spanish typing tennis. Second at 9 10 am includes economics civics American history 2 Spanish and typing.
Local government divides England and Wales into 62 administrative counties for governance and administrative purposes. These divisions organize regional services, planning, and statutory responsibilities across the two nations.
Birth announcements list several newborns with parents addresses and birth times across May. Included are boys and girls born to families such as Davis John son Johnson Jacobson Bedaux Harris Angus Arias Frick Fink Grantham in locations like West Cushing Altura East Fifth East Willard Ruby Star Ramona Court Penn Place Nogales and other streets.
A wartime column describes German forces racing to close the Dunkirk escape avenue and trap hundreds of thousands of Allied troops. It notes brutal ground combat and heavy air bombardment, with French and British defense trying to blunt the advance, while the fate of the trapped army remains dire.
Washington May 29 The senate irrigation and reclamation committee began hearings on a bill by Sen Carl Hayden to pay for Boulder Dam by 1987 Judge Clifford H Stone of Denver who chairs the Colorado water conservation board endorsed the bill saying it has basin state support and was drafted after study The bill would amortize the dam cost in full by 1987 and is sponsored by 12 western senators in addition to Hayden.
A brief note cites price levels for large and medium eggs with terse figures and market context. It records a general market snapshot without detailed quotations or dates.
Prescott's Typographical union the largest geographical labor unit in the United States will celebrate its 40th anniversary Sunday in the Thumb Butte Recreational area. Governor Jones and international union officers are invited. R E Butler of Lake Elsinor California, the last surviving charter member, will be an honor guest. the union spans Jerome Flagstaff Winslow Holbrook and Prescott.
El Paso National Bank as Trustee announces a redemption offer for Pioneer Hotel Inc eight hundred ten year gold income bonds totaling 210000 dollars. Holders must submit written redemption offers by June 29 1940 for bonds offered under par with accrued interest, otherwise a lottery will determine retirements from remaining funds.
Mary I. Montijo sells the El Azteca business at 1811 S Sixth Ave Tucson including all stock and fixtures in a bulk sale not in ordinary course. Delivery set for June 5 1940 at the same address. Acknowledged May 22 1940 by notary Louis G. Hummel. Pub May 27 to June 1 1940.
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