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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 01, 1923
Page
10
The cattle market showed moderate gains Thursday with steady to higher prices for hogs and steady cattle values despite packers holding a day’s supply due to a holiday. Receipts included about 4,200 cattle, 18,000 calves, and 1,500 hogs with hogs selling mostly 6.85 to 7.15 and top steers around 10.05.
The cotton market edged lower under realizing as private crop reports failed to spur buying. July and October futures eased through the day with values near 27.31 and 23.08 respectively, closing 18 to 25 points down and markets signaling end May conditions largely discounted ahead of tomorrow's government report.
Kansas City market report shows hogs steady to strong with packers retreating on top bids. Cattle receipts near 2,000 with native beef higher by cents. calves weak to 30 cents lower. heifers and cows mixed but generally firm to steady. Sheep receipts around 6,000 with spring lambs steady to strong and best grades around 14 to 14.85 dollars. Texas stockers and bloodlines noted in several lots. prices quoted per hundred weight and per head as applicable.
Erratic price changes characterized the New York stock market as volatility dominated trading. California Petroleum surged to a record high before retreating, Marland Oil fell, and General market indicators showed mixed results amid continued gasoline price news and currency fluctuations.
Wichita Kansas market report shows receipts around 1400 with steady tone and top hog price at 7.00. Cattle receipts about 400 including 100 calves. beef steers to 6.50 to 6.50 and beef heifers 5.50 to 8.25, cows and calves varied with canners and cutters at 2.25 to 4.00, stockers and feeders 3.00 to 7.50.
May wheat surged as France and Germany near a settlement lifted sentiment, with short covering pushing prices higher in late trading. Corn mirrored gains while July and September wheat remained unsettled amid scarce offers and liquidations. Oats rose on strong hog values influencing the provision sector.
Suw YORK May 31 The raw sugar market fell modestly with prices down a few points to base 6 for Cuba cargoes. About 10 000 bags of Cuba sugar sold for prompt shipment to a local refiner. Raw futures weakened to near day lows with July at 6.16 September 6.26 December 5.73 and March 4.49. Refined market steady at 9.75 to 9.00 cents per pound with nominal futures.
New Orleans and New York Cotton Exchanges report futures orders executed. for details contact J. D. Hunter at Amarillo Cotton Exchange in Amarillo Hotel Ride. Phone 3004.
The Amarillo Cotton Exchange reports a bullish weekly government reading but prices show little reaction. Markets expect figures below 70 and foresee a moderate, uncertain range ahead. Lack of external support and ongoing weather and insect damage keep a cautious stance, with possible liquidation if weather improves.
In New York on May 81 the cotton seed oil market showed little change with a mostly local business and a steady tone supported by improved inland conditions. Prices finished with a small loss, as July and September bids hovered around 11.63 and 11.20, and December bids at 0.02.
New York traders report steadiness in cotton goods and fabrics with steady inquiries for yarns. Burlap shows stronger demand while silk and ready to wear goods begin to move. Dress goods remain active with better demand noted in some categories.
In Amarillo Texas the case of George Tyler Riley bankrupt is set for July 2 1923 at 9 00 am at the Referee office. Creditors may review the trustee's final account discharge the trustee and conduct related business. Dated Amarillo May 31st BEN H STONE Referee in Bankruptcy.
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