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Amarillo Daily News in Amarillo, Texas

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Newspaper

Amarillo Daily News

Location

Amarillo, Texas, United States of America

Date

Jun 03, 1920

Page

6

Sharp Cotton Advance Follows Federal Report

A 0.5 cent rise in cotton prices followed a delayed open awaiting President Wilsons signature on a permanent form contract. After an initial surge to 92 100 points higher on the season opening Agriculture Department report, selling recovered before Confederate Memorial Day closures, leaving the day with net gains of 38 to 57 points.

Associated Press New Orleans Wilson Department of Agriculture

Government Cotton Report Unfavorable Outlook Sparks Market Activity

The first season government cotton report placed crop conditions at 62.4 percent of normal, the lowest May reading on record, with a supplemental report stressing an unfavorable outlook. Port receipts reached 12,095 and United States port stocks stood at 1,031,959 while exports totaled 7,174. Cotton seed oil rose on bullish data but pulled back near close. Sugar and coffee markets showed quiet to steady activity amid mixed signals and exchange influences.

Associated Press New York United States

Gasoline Prices Rise Cited by Federal Trade Commission

Washington reports the Federal Trade Commission attributes recent gasoline and petroleum price hikes to tight supply and strong demand rather than trade restraint. The commission notes improved production and imports but cannot determine if refined product prices are disproportionate to crude costs.

Associated Press Washington Federal Tral Commission Emgrees Commission

Corn Market Rises on Light Receipts and Rail Delays

Corn prices moved higher as railroad shipment delays kept receipts light in Chicago. July and September futures gained while oats also rose. Provisions varied with broad gains in some items. Traders cited a late 1920 grain season and fresh export demand for wheat as factors, with lard inventories said to be near record highs.

Associated Press Chicago

Kansas City Market Reports Hogs Cattle and Sheep Prices

Kansas City market on June 2 shows hog receipts about 11 000 with top hogs at 14 20 and most sales 13 50 to 14 00. Cattle receipts around 3 000 with best heavyweights 12 25 to 13 25 and lighter classes 9 40 to 11 25. sheep receipts about 5 000 with lambs 12 75 to 15 00 and yearlings 10 75 to 13 00. Wichita reports hogs steady with top around 1385 and cattle steady to weak. Fort Worth notes cattle 4 809 with beef prices 80 75 and hogs 1575 to 1400.

Kansas City Wichita Kas Texas Ft. Worth Associated Press

Increase in GWA Park District Highlighted in Wichita Developments

Fort Worth June 2 report highlights rising oil output across North Central Texas fields. Iowa Park runs reached 1 000 barrels daily in early May and 2 500 in late May with new Kemp Munger Allen trend boosting 10 000 barrel prospects. Electra lines prepare to credit this output. Magnolia finds new sand with No 43 at 2 080 feet. Other counties show active drilling and forthcoming completions in Burk Cameron Coleman Brown Foard Milan Collingsworth and Red River regions.

News K-M-A Burk-Cameron Electra Magnolia Petroleum Company Coleman County Gladys Belle Oil Company Continus Santa Anna Pope Discovery MecCulloch County Casa Oil Company White Ranch Cooper and Associates Brown County Bowen Olympic Oil Company Brownwood Heights Brownwood Foard County Beverly Crowell Milan County American Underwriting Company of New York Cameron Collingsworth County Red River Howard Wellington McDowell Ranch United Southern Pioneer Oil Corporation Pierce Oil Corporation

Oil drilling updates from Seymour and nearby counties

The Shields well of the Barnes- Buster Company drills day and night in Baylor county. The Van Ness Oil Syndicate near Seymour reports a 3230 foot oil test and will make a test immediately. The Four States Oil Company of Fort Worth and Shreveport plans development soon.

Barnes- Buster Company Baylor County van Ness Oil Syndicate Seymour Four States Oil Company of Fort Worth Shreveport

Also Mentioned on This Page

London Santos LNA Kansas City Livestock Senate House Brandegee Connecticut Ireland Moneta Wyo Chicago and Northwestern Railroad GWA Ballard Amarillo Junk CO Tyler Polk Streets the Daily Panhandle Amarillo Daily Panhandle Freckles P Sar Tag MORS Supe Sal Michigan Postum Cereal Company, Inc Battle Creek, Michigan Korein Ayse Erie Gorein Co Ny-301 Station F Citie Owen V. Morrison W. H. Sides Will M. Benton Howard Williams Ben Golding A. M. Mood W. H. Childers Chiropractic J. F. Bromert, D Eakle Building T. B. Jones Eable Poik St Chiropodist N. Healey Polk St Claude Wolcott Fuqua Percy V. Gibbs J. F. Bromert 6Th and Polk St Binan & Owens School of Dancing Polk Street Ger Circulation Dept BY Blosser
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