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Newspaper

Amarillo Daily News

Location

Amarillo, Texas, United States of America

Date

Jun 01, 1932

Page

11

Grain values dip on Chicago market amid uncertainty

Chicago market reports lower grain values as Germany's political crisis and Washington developments unsettle traders. Wheat futures slide despite a large drop in U S wheat visible supply, with forecasts for the 1982 domestic winter crop viewed as bearish. Cash grain across Chicago and Kansas City shows mixed declines in wheat and corn, while oats hold steady.

John P. Boughan Associated Press Chicago Germany Washington United Sta North America Bears Kansas Txas

Cotton Breaks 10 Lowest Quotations Since 1898

New York reports cotton prices sinking to new season lows, July at 5.28 and October 5.48, closing around 5.23 to 5.49 amid broad liquidation. Poor reports on textiles, domestic and foreign, plus weak Washington news and nagging supplies weigh on futures. Liverpool and Manchester show unsettled activity as exports near 9,455 today. New Orleans spot quiet, late gains only modest.

New York Germany Washington Liverpool Manchester U. S New Orleans Foreign Washington News Port Receipts Galveston Houston May Eosdeescsverees Evevee Svccssees B85 Deewee Tevecee Eevee

Fort Worth Cash Grain Report May 81

Moderate demand for light offerings on the cash grain market. Quotations include Wheat No 1 ordinary hard milling 59 60, No 1 hard 13 percent protein 59 44 60 14 percent 60 14 61 14, 16 percent 62 44. Farley No 2 38 40, Sorghums No 2 yellow Milo 71 72 per 100 lbs. Corn No 2 mixed 89 44 90 40, No 2 white 40 40 14, No 2 yellow 48 48 14, Oats No 2 red 28 24.

May Dept Strasso North Am North Pac Ee Ohio Oil Otis Pac G & Bereneee Packard Phelps Dodge Evees Phillips Pet. Ss. Ee Prair O & G RKO Reading Co. Eee Rand Associated Press Ulen & Co Amerada Unit Corp Util Rel Westing Air Anaconda Westing E Andes Gop Willys O AT & SF Woolworth Auburn Au Aviat Corp New York Maracaibo B&o UN Am Superpow Barnesdall Beth Sui Bo Bohn Alum Ford Mot Ltd Borden Fox Theat Briggs Mfr Bly Gulf Burr Humble Olene Midwest Util x Cal Pack Aly Oal & & Hee St Regis Cannon Mills Lexon P Stp & P Vt Chick Is & P Jno F. Clark Brokerage Co Col F & Ir Juneau Colum G & B Allis Chalmers Congo Tobon Aviation Corp Borg Warner Bklyn Man Brunswick Byers Coty Il Curtis Wright Ches, Corp Bkiyn Man Tr du Pont de N Brunswick Term H “ AM Byers Eastman Kod Eaton Miz Cater Tractors Ay Chea Corp Chi &É N Col Carbon Fox Film A . Nee My Whee Trust Freeport Tex . Comelth Sthern Concol Film New Ah Son Davidson Chemse G & Gam Mills Weweee el Auto Light Gillette Acces Eureka Vacuum Field Marshall Goodrich Gra Paige Sia Gen Ry Signal Goodrich T & R Gt No Ry Pf Gt West Sug Graham Paige Yu Grigsby Gran Grand Silver Co Grand Union Houston Oil Sss Lorillard Tob Louisville G & 4 Johns Manville McKesson Macy (Ra Secsvecces Nat Distillers Ly Spx Woo Ft Pathe Exchange Kelsey Ennecott Ae Tenenee St. Jo Lead Simmons Am Kreug & Aaenee Porto Ric Fort Worth Texas Gulf Ports

Wall Street Briefs From May 41 on Steel Demand and Rail Saves

In May breezes, the American Metal Market notes steady steel demand as June and July should not dull it. If Congress posts a moderate record and adjourns, some stimulus is expected. Westinghouse employees campaign runs through June with May sales above 1 million dollars. A New York Cotton Exchange seat sold for 10 thousand dollars. The Panama Limited will be discontinued, saving Illinois Central Railroad about 500 thousand dollars yearly. L A Downs cites no near term traffic improvement.

Wall Street New York Congress

Money market rates and terms in New York treasury aids

New York money market reports steady call money at 2 percent all day. Time loans remain steady with 60 to 90 day periods at 1 1/2 percent and 4 to 6 months at 1 1/2 percent. Prime commercial paper quoted 2 to 3 percent. Bankers' acceptances unchanged with 80 day at 1 percent and 60 day at 1 percent.

NEW York Money New York

Amarillo Market Quotations for Grains Poultry and Eggs

Local Amarillo markets publish price ranges for wheat oats barley and eggs plus poultry items. Rates cover 190 pound wheat shipments and various turkey capon chicken and hen categories with different size and weight specifications.

Spot cotton prices in Galveston steady with varied grades

Galveston spot cotton closed steady, down 25 points amid grade by grade quotes from low ordinary to strict middling. Prices listed: low ordinary 3.50, ordinary 8.85, good ordinary 4.20, strict good ordinary 4.65, low middling 4.90, strict low middling 5.15, middling 5.40, strict middling 5.65, remiddling 6.75, middling fair 6.00. Sales spots none, t ob 875. Dallas and Houston quotations noted with Galveston at 5.25.

New Orleans Socsesese Evesvesseceses Associated Press Galveston Baltimore Boston Houston Anne Eres Corpus Christi Memphis Cocevee Auguste Seccetenes St. Louis Fort Worth Little Rock Atlanta Dallas Evesorese Montgomery Seton T.o.b

Cottonseed Oil Prices Close Mixed on May 31

In New York on May 31 bleachable cottonseed oil closed irregular down two points to up eight. Crude oil held firmer against recent lows with regional variations in price. Bleachable oil quoted at 330, 666, 269, 888, 890 cents for near and deferred months. sales 1,850 barrels. Dallas reports prime cottonseed unquoted. oil 244-254 cents. meal 16 dollars. hulls 5 dollars. linters average mill run 6.5 to 14 cents.

New York Texas Dallas Tex

New York Sugar Steady as Cuban Shipments Mentioned

Raw sugar in New York held steady with Cubas from the store and from Cuba to the United Kingdom accounting for two reported contracts. Futures weakened late trading amid broader commodity ease with July at 60, Sept 66, Dec 78, Jan 74, Mar 79, May 84. Refined demand remained moderate with fine granulated at 3.75.

New York Cuba United Kingdom

New York Coffee Market Reflects Mixed Session

New York coffee rose on covering and Brazilian support, with late trading pressured by a mild stock market slump. No. 7 closed 6-10 higher and Santos gained 4-8. Prices for various futures and spot levels are listed with multiple delivery months and contracts.

New York Santos Rio

Wool market steadies amid limited trading in Boston

Boston May 31 reports a slight market improvement based on few deals. Domestic wools show resistance to lower prices as receipts at Boston during the week ending May 28 total about 1,995,000 pounds, compared with 648,900 pounds the prior week.

Boston Wool Boston Boston Grained Flour Exchange

General Selling All Stocks With Several New Lows

The market faced broad liquidation with declines across many high grade stocks and bonds. Key movers fell, led by American Telephone and Consolidated Gas, while curbs and utilities showed weakness and oil issues dropped, imposing a cautious session amid mixed signals from policy actions.

Market Briefs Signal Mixed Trading Across Commodities

In New York trading May shows weak stocks and heavy bond declines with utilities and rail sectorssoft. currencies ease as sterling weakens. Cotton drops on favorable weather and weak markets. sugar remains quiet. coffee rises on foreign buying. Chicago wheat falls while corn gains on rains and wheat weakness. cattle hold steady and hogs rise slightly with activity.

New York Chicago

Steady Demand Seen Across Steers Yearlings and Receipts Rise

Kansas City market reports higher receipts on cattle hogs and sheep after Memorial Day closings. Fed steers and yearlings largely steady with some loads of higher grade. lambs and yearlings show gains while stockers trend steady to weak. Across Chicago and Fort Worth, cattle and hogs hold steady to firm with selective highs for light weights and milk fed calves.

St Joseph Livestock Market Report May 81

In St Joseph Missouri cattle run with 500 head and 100 calves, demand steady to active across classes. Early steer and long yearling prices 475 to 676 with most quality 476 to 600. top steers above 600. Hogs 1,000 head, activity steady. 160 to 270 lb hogs 200 to 800, heavier not fully tested. Sheep 2,500 head steady on lambs, yearlings up to 25. top native lambs 609, top clipped yearlings 500, bulk 4.75 to 5.00.

Kansas City Livestock Kansas City Ewes Chicago U. S. Dept Fort Worth ST. Joseph Wichita Kan May U.S.D.A Oklahoma City Denver Colo

Wichita and Oklahoma City Livestock Markets Report Prices

Wichita cattle and hog prices mixed as calves and steers show variation across lots. Oklahoma City and Denver markets follow with cattle and hogs steady to higher, noting grain-finished yearlings and decent butcher stock, while Amarillo reports butcher cows at $2.59 for 160-220 pound stock.

Amarillo Cudahy Packing Company

Chicago Produce Market Reports Mixed Prices and Steady Interest

In Chicago May market reports eggs and butter show unsettled receipts with mixed prices across classes. Poultry arrivals were light with no in stock, while potatoes moved on track with 1,168 shipments and several regional price points cited for russets and white varieties.

Chicago Pready Young Americas Wisconsin Idaho

Bond Market Briefs From New York May 31

Government bond listings show Liberty 8s trading near 100.8 with minor yields noted. Treasury 4s and 4s remain around 102.29 and 90.20, with B bonds quoted at 7.4 and 65.24 as part of the day’s market activity.

York Liberty Treasury

East Texas oil field probe overproduction and water encroachment

In Houston on May 31, witnesses for the Texas Railroad Commission described East Texas as a single hydrostatic pool where oil withdrawal must balance water influx to avoid reduced ultimate recovery. Producers testified proration wastes gas and production remains at 59 barrels daily, while Commission experts argued for hydraulic control to prevent field decline. The injunction suit, before judges Hutcheson Bryant Grubb, targets proration measures amid technical testimony from geologist T B McGahe and others.

Houston Tex U.P East Texas Texas Railroad Commission Fred Upchurch Commission H. E. Hardwicke Texas Oil and Gas Conservation Association T. B. McGahe Wichita Falls Shackleford David M. Lide Grady Dynathon G. W. Gibbs

Second oil showing reported near Conroe area

Houston dispatches report a second oil showing within ten days by Heep Oil Corporation at a wildcat six miles east of Conroe in a drill stem test. Meanwhile Stroke No 2 near Conroe continues testing and swabbing in preparation to bring in the well.

Houston The Chronicle Today Conroe Heep Oil Corporation

Foreign exchange rates in New York May 81

Foreign exchange rates listed for major currencies and regions in New York. Includes demand rates for Great Britain France Germany and others with a note that rates are nominal. Also cites Tokyo Bangkok Montreal Mexico City and silver peso figures.

Foreign Exchange New York Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Portugal Greece Poland Onechoslovakia Jugoslavia Austria Rumania Argentina Brazil Tokyo Bhanghsai Montreal Mexico City

Trade Trends Highlight Mixed Industrial Shifts

Cotton-Unions mill activity rises unexpectedly while world consumption of American cotton for the current season is projected to miss earlier estimates. Electric power shows stabilization after a long decline. Furniture reports a severe April drop with orders and employment down sharply. Pulp and Paper sees a modest first-quarter uptick, yet under 1931 levels. Wool receipts in Boston for the week total 1,995 pounds, year-to-date 29,471,600 versus 56,136,000 a year ago.

Associated Prees New York Cotton Exchange Service Ances Seidman & Reidman Boston

Petroleum Industry Outlook Better Except for Import

An outlook notes crude oil price rise likely before July 1 if producers maintain policy. Demand down 3.7 percent year over year, stocks off 7.4 percent but seven week period shows a net gain in crude stocks due to imports. Refinery activity varies with distress gasoline on market while large buyers absorb excess supply. East Texas field remains under control, general drilling up about 20 percent year to date, and proration deemed satisfactory. Overall, stocks drop faster than demand, new field discovery is nearly nil, and drilling remains orderly until prices rise further.

New York Empire Gas & Fuel American Gas & Electric American Light & Traction Commonwealth Edieon Electric Bond & Share Niagara Hudson American Superpower Singer Manufacturing Low Insurance Company of North America Cord Corporation Ford Canada Swift & Co Swift International Standard of Indiana Gulf Texas East Texas

East Texas oil field cuts well output to 54 barrels

The Texas Railroad Commission reduced allowed production per well from 59 to 54 barrels daily, effective tomorrow. East Texas fields produced 337000 barrels daily per the May 27 report, with a 326000 barrel daily field cap and a hearing scheduled for June 20 to determine new field orders. The July 1 field limit remains 25000 barrels daily. A May 27 report counted 5779 producing wells, with 20 completions daily, projecting about 6114 producers by June 15.

Austin Texas State Railroad Commission East Texas

Veterans mobilize for Lone Star Bonus Expedition march

San Antonio leaders announce 300 veterans will join a Dallas march to Washington to demand immediate payment of the soldiers bonus. The delegation will leave at 6 AM Friday with 500 veterans from San Antonio gathering at city hall and traveling via Oklahoma and Texas to Dallas. Additional veterans from Austin, Waco, and Fort Worth expected to join en route.

San Antonio Dallas Washington Congress P. Viola Viola City Hall Oklahoma Texas Austin Waco Fort Worth

El Paso Visitors Spend Weekend in Brownsville

Mrs. Joe Jared and son Skippy from El Paso spent the weekend with her mother Mrs. F. M. Burkett at 1605-B Polk Street. They were accompanied by Mr. and Mrs. D. E. Ballard.

EL Paso Joe Jared Skippy F. M. Burkett Polk Street D. E. Ballard

Bottle Recovery Agency Aids Milk Industry

An English milk industry firm formed to recover lost stolen or strayed bottles and churns reports last year nearly 8 000 000 bottles found and the initiative saved substantial value for producers.

U S crude oil output slips in most fields last week

Production across major oil regions fell with Oklahoma leading declines. Texas California and East Texas also registered drops as industry executives at the American Petroleum Institute meeting viewed the trend as a bullish factor. Total U S output eased to about 2.168 million barrels daily, down from 2.219 million.

Tulsa Okla U.P United States Ol Gas Journal Oklahoma Seminole Texas Barre California Rocky Mountain Baste Gulf American Troleum Institute Oklahoma City Lathrop Totel East Texan Texan Long Beath Occas Playa del Rey Whitwood Peneseente Kettleman Hills

Large gas well in central Texas proves big daily output

In Crockett County central Texas a Stanolind well tested at 18,000,000 cubic feet per day after a 45 minute test from 1,271 to 1,?73 feet. The well sits in section 47, block UV, on G C G P survey lines UV and WX. It may influence leases on hundreds of acres with leases expiring in June if no oil or gas product is found before drilling shifts. The deep wild target lies near Ordovician age rocks about Reagan County 30 miles north.

Ban Angelo Stanolind Oi & Gas Company Mid-Kansas Oil & Gas Compa Ny Robert Massie Noi Crockett County Tion 47 Block UV G. C G. PF. Co Reagan Cou

Radio Network Listings and Emigration Note

A fragmented radio network schedule lists programs across NBC CBS WABC WEAN and more with multiple orchestras and talk shows. The text ends with an unclear note about emigration from Australia and a claim of a year breaking records.

Also Mentioned on This Page

Chicago Cash Grain Siceas Bovehar Sevssons Westinghouse Electric & Manufacturing Co H. ©. Thomas Amarillo Markets Goeme Ffs Pifannescecsonavces Salina Hutchinson Eteret Louis Winnipes Eaeer Tererererrarr Res Minneapolis Beters Duluth Cotton John L. Cooley Hoover Senate Europe American Telephone Consolidated Gas of Allied Chemical American Tobacco U. S. Steel Bethlehem Steel General Electric National Biscuit Santa Fe Pennsylvania New York Central Public Service of New Jersey Corn Products United Gas Improvement and Standard Oil of Assd Ges & el Servid Bwift & Co St. Rewis Paper United Gas Stantona Satistics Co eNew U. 8 C. Hutcheson, Jr Randolph Bryant William I. Grubb New Conroe I Sanders Etatiation Co Standard Statistica Co Pulp and Paper American Pulp and Paper Association Hose E. Texas Area United State Declin Radio Tonight Nbc-Weap Parc News Woc WHO South I-Woo Wey Old Counsellor Mendoza Orch Nellie Revell Vincent Lopes Orch Ralph Kirbery Rogers Or Charles Agnew Orch Cbs-Wabc Midwest KMOX Isil Sam—Basie Hamp Kate Smith Basle Colonel Redman Orch Duchin Orch Pollack Orch Wabc Wean Z Ork WLW Midwd WENR Kvoo Wky Woai Eths Jane Froman Henry Story George Olsen Bob Nolan McCravy Brothers Victor Arden Orches Pickens Sisters Rochester Civic Orch Tad Cook Cab Calloway Myte's Orch Australia
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