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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 01, 1955
Page
18
New York May 3 Dow Jones closes mixed with aircraft shares weak while railroads and some radiotelevision issues rise. Trading started soft with planes dragging, but gains emerged in rail and other sectors near the close. Airlines performed better than most, and overall market showed slight strength in parts while remaining uneven.
New York markets show higher stocks and rails, mixed bonds. Corn receipts down, cattle steady to 50 cents lower top $25.25. Chicago produce notes steady live poultry prices with hens and fryers listed, butter and eggs at steady or mixed prices, with case counts and quality grades noted.
A million people fill the streets of the old City of London by day while only a few thousand stay overnight. The vice president presides at cabinet meetings when the President is away from Washington.
Dense list of stock quotes and prices across multiple firms in Fort Worth and New York. Includes names such as American Can Chrysler Corp Radio Corp Central & SW Columbus and Pacific, Pennsylvania RR, Canadian Pacific, Boeing, and several others with closing figures and percent changes amid a broad market update.
Grain futures closed mixed with modest gains in some markets while wheat and corn slipped. Amarillo cash grain bids showed No. 1 hard wheat around 2.46 to 2.65 per bushel and No. 1 yellow corn near 2.10 per bushel with sorghums listed at 2.78 to 2.90 depending on grade and delivery.
Cotton futures fell 50 cents to around 1 a bale as July near term contracts led the slide. Limited trade support came from a loan driven free cotton supply while export slowdown and uncertainty over next season weighed on sentiment. Spot Dallas middling pricing quoted around 33.10 to 33.55 in various markets.
President Eisenhower announced he will welcome United Nations delegates to the tenth anniversary observance in San Francisco on June 20. He said he had not committed to addressing the anniversary earlier due to a scheduling conflict but now will extend a welcome in behalf of the American people.
Dallas May 31 exconvict Raymond Pope charged after a street fight left Bass a known Dallas hoodlum with severe injuries. Bass had survived 19 machine gun slugs in 1952 during a burglary ambush. Bass was released from Parkland Hospital five days after the incident.
Livestock market notes show cattle and hog prices across Amarillo Fort Worth Oklahoma City and Chicago with widespread activity. Cattle ranges include yearlings and stockers mid teens to mid twenties, cows and bulls lower to mid teens, and calves steady to firm. Hog prices rise modestly with lighter weights near 19 dollars, while lambs and sheep hold in the low twenties for prime spring stock.
Hong Kong dispatch reports Peiping allowed 44 Red Cross comfort parcels for American airmen and civilians held prisoner. Communists agreed to import another 44 parcels on June 15, 2.2 pounds each, while no word on the four U S airmen or Krishna Menon’s earlier release.
Delegates arrive in Harlingen for the American Cotton Congress with informal sessions opening tomorrow ahead of Thursday’s 9 a.m. start. The three day event features leaders from the U S and Mexico, with speeches by Col Burris C. Jackson, William Rhead Blake, S E Jones, E P Ewing, Morris Bloodworth, Jack Garrett, and Edward H Bush.
London reports Britain remains opposed to Spain joining NATO. A Foreign Office spokesman said the stance has never favored Spain, tied to protest against the Franco dictatorship and its Nazi Germany ties. The United States may seek Spain membership within a year.
An advertisement promotes FASTEETH powder to fit upper and lower dentures, claiming firmer comfort, no gummy taste or pasty feel, and no sour sensation. It notes relief from denture breath and urges purchase at drug counters.
Officials in New York and Washington study tighter rules for penny stock promotions. SEC chair Demmler signals revisions to Regulation A D exemptions, aiming to curb insider options, large broker bonuses, and cross border issuers. Ontario regulators already cap insider stock options and escrow funds until full sale.
W. B. Futral of Chicago named executive representative in freight traffic at Los Angeles by Rock Island officials. Futral started with the Rock Island Lines in 1924 and came to Amarillo in 1936, holding several traffic posts in key cities before his promotion this week.
The reckoned area of the Atlantic Ocean is 31,814,640 square miles without its dependent seas and 41,081,040 square miles with its dependent seas, according to the Encyclopedia Britannica.
The kiwi native to New Zealand retains only vestigial wings and tail, an evolutionary remnant.
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