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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

Oct 25, 1949

Page

15

Thin Price Range For Stock Market

New York stock trading today showed a narrow price range with gains outweighing losses. Proctor & Gamble and General Motors touched new year highs while Goodyear Montgomery Ward and Douglas Aircraft faced declines amid a cautious market.

New York Proctor & Gamble General Motors Youngstown Sheet Bethlehem Steel Chrysler Studebaker U. S. Rubber Boeing Benguet Consolidated m Phelps Dodge du Pont Allied Chemical Standard Oil Celotex Goodyear Montgomery Ward Douglas Aircraft Philco American U. S Louisiana Land Massey-Harris Puget Sound Pulp Barry Biscuit Calgary & Edmonton Cities Service Curtis Mfg Imperial Oil United Shoe Machinery American Maracaibo Ashland Oil Brown Rubber Humble Oil

City Briefs Schedule Open House Events and Meetings

A series of Tucson events runs Tuesday and Wednesday with the National Association for the Advancement of Colored People hosting a benefit picnic at Estevan Park and ticket sales at park gates. Other notes include Halloween Mardi Gras planning by the Tucson Junior Chamber of Commerce, Adobe lodge F&AM third degree at the Masonic temple, Spanish speaking groups meeting at the Santa Rita hotel, street activities and Neighborhood Association council meetings, and a health lecture on communicable diseases at Roskruge junior high.

National Association For the Advancement of Colored People Estevan Park Tucson Junior Chamber of Commerce San Carlos Adobe Lodge F&am Masonic Temple Hugh Thompson Roskruge School Health Council

Senator Urges Four Cent Fare For Air Coach

Washington October 25 Senator Edwin C Johnson chairman of the senate commerce committee says a cut in airline fares can boost revenues and supports American Air Lines plan to launch a transcontinental air coach service December 27 from New York to Los Angeles He notes the coach fare should be four cents per mile but American proposed four and a half cents per mile versus six and a half cents per mile for a regular fare The committee studies airlines finances and hopes for self supporting coach service with greater public service

Washington Edwin C. Johnson D-Cole Senate Commerce Committee American Air Lines, Inc New York Los Angeles Johnson Air Lines C. R. Smith American Air Lines American

Livestock Prices Across Regions Include Record Hogs and Cattle

Oklahoma City style market notes show cattle salable at several thousand head with slaughter steers and heifers steady to firm. hogs active with higher bid ranges. In Denver, Kansas City, Chicago, and Los Angeles reports, steers and heifers command near highs, with cows, calves, and feeders varying by region. Prices highlight 25 to 40 dollar per hundredweight gains and disciplined demand across states.

Denver Kansas City USDA Chicago Los Angeles FSMN Arizona

Metals Review Spot Prices Report

Spot non ferrous metal prices in New York Connecticut valley and East St Louis show copper at 1T% cents per pound lead at 13 cents zinc at 9 cents. The report lists regional prices for copper lead and zinc with locations noted.

Metals Review New York Connecticut Valley East St. Louis

Copper Market Is Active And Strong

New York on October 25 reports copper buyers taking sizeable tonnages at 17.5 cents per pound amid expectations of higher prices due to a prolonged steel strike. Record October orders near 100,000 tons and 15,000 tons sold October 14 reflect strong demand from auto and electrical plants while strikes in copper and aluminum industries push buyers toward copper as a substitute.

New York CIO Mill & Smelters Carteret American Metal Co New Jersey Gulf of Mexico East St. Louis Texas Gulf Ports Reconstruction Finance Corp Washington House Congress Senate House Rules Committee Rep. Short R-Mo

Grain Prices Dip as Profit-Taking Dampens Session

Grain prices show mixed movement with wheat near prior close after early gains, while soybeans and oats resist declines. December wheat bids move around 2.14 to 2.18, corn steadies near 1.18, oats hover around 0.72 to 0.73, rye around 1.46, and soybeans near 10.42 for November contracts amid limited offerings and profit taking at the board.

Copnee McConville Chica Board of Trade

Foreign Exchange Rates Reported in New York

Foreign exchange rates listed for New York on Oct 25 show Canada at 95 U.S. cents with a 90.37 cent implied value, and various European and Latin American currencies with minor changes. Pound at 2.80 dollars, futures steady. franc, lira, krona, franc (Switzerland), and other currencies cited with small or no movement.

Foreign Exchange New York Great Britain U. S Europe France Italy Sweden Switzerland Latin America Argentina Brazil Mexico

Tire Prices Rise 34 Percent Say Goodyear Chief

E. J. Thomas president of Goodyear Co announced a 34 percent increase in tire and tube prices at a luncheon during the American Trucking association convention in Boston. He noted a 5 percent drop in prices last summer and did not forecast a further drop. Raymond C. Firestone, a Firestone director, predicted a 5 percent rise by year’s start due to higher production costs.

Boston E. J. Thomas Goodyear Co Thomas American Trucking Association Raymond C. Firestone Firestone Company

RFC loan to Kaiser-Frazer secured by Willow Run plant

The Reconstruction Finance Corp. announced 44.4 million dollars in new loans to Kaiser-Frazer with conditions. A first mortgage on the Willow Run plant valued at 58 million and a 15 million guarantee backed by 10 million in collateral are required. A further 10 million credit line is approved but cannot be used for retail financing. funds must support wholesale auto distribution and must be repaid in 18 months at 4 percent interest. The borrower is Kaiser-Frazer Sales Corp., with security from Kaiser-Frazer Corp. and dealer endorsements. The loan supports 1951 model financing and a possible low-cost car.

Libby-Mcn & L F. Hutton Loew's Inc Ind. Rails Ull Stks Lone Star al Cerseee Marine Midland Marshall Field Oreerre A Martin Stxe McKess & Rob A Wo Minn-Moline Alaska Juneau As Montgom A Corp al Lud Su Nash- Ivini Nat Aviation Allied Nat Biscuit Nat Dairy Nat Distillers Car & Fdy Nat Power & Lt Ch & Cable Natl Steel Central RR Hide & Leath North Am Co Northern Pacific Ohio Owens-Ill Glass Smell & R Pac Gas & Elec Pac Pan Am Airways Armour & Co Phillips Pet Plymouth Oil Procter & Gam Atch T& SF Pullman Coast Line Radio Corp Raybestos-Man Revere Rexall Knox Ad Richfield Oil Renee Gateway A -Warner Schenley Distil Seagrave Corp SLA al Sears Roebuck Eee Sparks Sperry Corp Al's Spiegel Inc Celanese Corp Calif Studebaker Corp Texas Co Texas Gulf Chi RI & Pac Trans & Wert Ae Union Bag & P Colgate-Palm-P Columbas Union Carbide Union Oil Calif Union Pacific United Air Lines United Aircraft United Biscuit United Corp United Fruit United Gas D &S Warner Bros Pict Younestorthington Pam Zenith Radio Me Zenite de Nevens New York Bank Paso Nat Gas al Cen Han Chase Trving Kings County Goodrich Lawyers Trust Manufactor Goodyear T & R Natl City NY Trust m Gt Nor Rypf Dle Homestake D ' Hood-Hershey New York Divnois Central Alum Co Indust Rayon Gas el Presse Ewees Cree Ark Nat Seeesesesrees Teers Blue Ridge Nick Can Marconi Glen Ald Humble Oil Tees St's Kaiser-Fraz Seeaeesenre Ae Lone Star Gas Corereees Midvale Seiar Aire Wright-Hargalions Tucson Cmspp Inc C & NW Crip Inc Butte Copper & Zinc Miami Teewee Sone Newmont Phelps Dodge Ft. Worth Havre Mont Los An Yorkeses Salt Lake City Clear Washington Yuma Weather Bowes Reconstruction Finance Corp Kaiser-Frazer Willow Run Mich RFC Kaiser K-F Kaiser- Frazer Sales Corp Kaiser-Frazer Corp Kaiser- Frazer Corp Hise Te Ge Gu Board of Supervisors Pims County Arizona Pima County

Cotton futures rise on firm demand and government support

New York cotton futures firm on active commission house and trade buying. Aggressive mill buying in old crop deliveries and rising government handoffs push prices higher into late trading. Dec at 29.75, March 29.72, May 29.71.

New York Commission House New Orleans Quevions Ieee

Copper Futures Quiet as May and July Contracts Trade

New York copper futures were quiet with limited activity as May 1985 and July 14.85 bids were reported. Dealers noted small gains of 5 to 10 cents as four contracts changed hands amid thin trading.

New York Ino

Public Records Highlights From Clark And Local Courts

Public records list names including Lester S Ormsby Raymond Fowler Rice John M Dumont and others facing charges such as driving without a chauffeur license passing in school zone and insufficient funds. The docket includes estate affidavits name changes complaints for debt foreclosure and quiet title plus several divorces births and liquor license actions.

Clark Lester S. Ormsby Raymond Fowler Rice John M. Dumont William Centanedous Cc S. Acuna Marstellar Superior Court D. Pert Bm Ee Garrett Willis Canoe Ross E Kebee Rodney Wayne Cross Reaume Loebe John MecDonough Mark H. Kilafter Louis B. Sanchez Carmelo Herrera George A. Lumsden A. H. Newman A. Cracchiolo Archie Covert Charles A Covert Arthur Warren Pete Lopez Joseph Novallo Dan M. Wilson

Dividend Ordered By Steel Company

United States Steel Corp. reports third quarter 1949 net income of 39,171,144 dollars, 1.26 a common share, with a 50 cent dividend declared for common stock. Dividend payable December 10 to holders of record November 4. Earnings declined from prior quarter and year due to prestrike operating declines and 82.7 percent capacity utilization.

New York United States Steel Corp CIO U. S. Steel

Bankruptcies Increase in Week, Dun & Bradstreet Reports

New York report shows business bankruptcies rose slightly for the week ended October 20 with 181 commercial and industrial failures recorded. Dun & Bradstreet notes the latest total and trend in the ledger of corporate distress.

New York Dun & Bradstreet Credit Rating and Business Research Organization Ee Nee Deere

Classified ads for home services and crafts in Tucson

A dense list of local trades including cabinets and woodwork, cement and block work, plumbing and cesspools, excavation and hauling, electrical service, heating cooling, furniture repair, painting and decorating, landscaping, mattress renovation, and instructional courses. Numerous business names, phone numbers, and quick service claims fill the classified page.

Wood Products Co Sidwks Ward Bros Tony F. Ward M Pumping CO Ganz Ta . Repar Hugh Gallagher Hayden SUN McCarthy Cove Adams Plum Cool & Electrical Ie Snd Ariz Servist Bernhard Mandl FURN SHEIK St Mary's Heating Nation Engineering Co Elec Repair Ae Bou Esss India Uni Daugherty

Larson Daily Career FS Tuesday Evening 1948 Trade Failures

Report shows weekly business failures and bankruptcies across sectors. Casualties over $5000 rise to 14 from 13 0 last week, with 182 retail failures and construction company bankruptcies up to 25. Wholesaling, manufacturing, and commercial services losses also noted.

Larson

Zinc Futures Hold Steady In New York Trading

Zinc futures in New York closed unchanged across the market with limited activity for October and December contracts. The session saw small price adjustments around 8.47 per unit as traders awaited further market cues.

New York

Also Mentioned on This Page

New York Bonds Mone Don Broadway, Illage Harley Hise weLers Parker-Kerr Mortuary Parkerkerr Stone Ave Roscoe R. Kerr Public Records Maude I. Casey N. Stone Ave Gloria Campbell Malcolm Worthington Campbell Fred Hanna Hanna Flossie James C. Bolton Pauline F.ton Marcia W. Roberts Joseph B. Rob“oe H. D Ogee le Decree St. Mary's Hospital Albert Cage John Hernandes W. Delaware Alford Banta E. Kieindale Der Zuma Oy de S. 10Th Ave J. Burton Trauscht Polo Village Lanes Box Tucson Medicai Ae George Jackson Tumacacori K. J. Matherne S. Butler J. C. Shelton N. Maple Bivd Steel Company Munson Optometrist E. Congress Tucson Newspapers, Inc Antiloyd Alvernon Irnands Power & Home Equip. Co Bookkee M Morgan Nevius Perfect Block CO Cement Block CO E. Limberlost Ebb Webb Mat 1St Ave N. Columbus Lawrence Hickey Cal Building & Equipment Maintenance Anes Jcon City Earl Ou‘son WVC Lowell Corsetiere Jenney Commerce Dia Dave Collen & Son Oracle Soynt Construction CO N. Campbell Dial Leachi Chine Hedges Ae del Arizona College Kalav Wayne School, Inc Star Citizen Advance Janitor Supply Cog Pitt’s Elias Nordstrom Flan Dley’ S Matteress Runovating Tucson Mattress CO Oracle Ad Dial Eastburn Middleton & Upham Park 4 Waverly Adams Br. Ss Vree Ertimete
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