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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
Barnes- Buster Company
Baylor County
van Ness Oil Syndicate
Seymour
Four States Oil Company of
Fort Worth
Shreveport
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