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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 03, 1952
Page
8
New York June 2 Mixed quiet trading followed a Supreme Court ruling that government seizure of steel mills was illegal. Steel stocks led gains after the decision but overall market cooled as CIO Steelworkers prepared to leave mills. Volume about 1.2 million shares with various declines and gains among major issues.
A dense catalog of stock quotes and closing prices across Dow components and many NY curb listings. Key names include General Electric, General Motors, Bethlehem Steel, United States Steel, and Republic Steel with varied percentage changes and notable volumes. Also lists bond prices, utilities, and commodity notes with regional price data and grain futures.
Chicago led futures lower as expectations of rapid harvest expansion and strong Canadian moisture pressured wheat. July contracts dropped to new lows while soybeans held steady on bean oil strength. corn and oats also eased. Cash grain in Amarillo Fort Worth and Chicago showed varied bids with No 2 whites and hard wheats quoted around current ranges.
Joanne Kelly ranked fifth scholastically in a class of 107 at Christian College in Columbia Missouri. She is the daughter of Mr and Mrs R H Kelly of 1600 Crockett Street. The award was announced at the college commencement on Tuesday.
Market notes from Oklahoma City and Chicago show hogs 180-230 pounds topping 20.75 to 21.50, sows 16.50 to 18.50, and stags around 15.50. Sheep demand fair with spring lambs around 29.50, shorn lambs 26-28, and wethers 10.25 to 7.50. Chicago hogs 260-280 pounds 14.75 to 20.50, sows 18 to 19, cattle and calves mixed, veal prices modest gains for select cuts. Overall, markets remain uneven with some declines and some strength in specific weights and grades.
Livestock markets in Fort Worth and Kansas City on June 2 show cattle and calves mostly steady to weak with mixed price moves. Slaughter steers, yearlings, and heifers vary by grade, while hogs and sheep listings indicate softer demand and uneven prices across classes.
New York and New Orleans markets showed irregular to declining activity as futures fell under liquidation and hedge selling. Spot cotton in New Orleans held steady with middling around 39.14 cents a pound, while overall market sentiment reflected hesitancy following external economic signals and steel industry news.
The United States on June 2 granted diplomatic recognition to the Bolivian government that seized control on April 11 after a bloody revolution.
The Federal Reserve Bank of Dallas weekly report shows Texas department store sales up 13 percent in the district from the 1951 week. Houston led with a 22 percent rise, Fort Worth 12, El Paso 7, and Dallas and San Antonio 5, based on dollar volume.
New York June 2 The Associated Press wholesale commodity index shows prices averaged 184.71 last week up from 184.35 the prior weekend and 204.69 a year ago The base year 1926 equals 100 in this index of 35 important wholesale prices.
Pvt. William B. Chambless is at home visiting his wife and parents in Sunray after completing basic training with the 5th Armored Division at Camp Chaffee Arkansas. He will report to Fort S t Oklahoma for special training and entered service January 15 1952.
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