Bears Fr Frighten Bulk of Traders and Stock Market Shows Decline
New York June 3 Bearish war news and fear of Italy entering the conflict sent traders to the sidelines. The market closed near session lows with 445,705 shares traded, the slowest full day since February. Major losers included U S Steel, Bethlehem, Douglas Aircraft, Lockheed, and Sears Roebuck while American Can and Freeport Sulphur showed modest gains.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Paris
Italy
Germany
U. S. Steel
Bethlehem
Douglas Aircraft
Lockheed
Consolidated Aircraft
Sears Roebuck
Montgomery Ward
Dow Chemical
du Pont
Westinghouse
Philip Morris
International Paper
Anaconda
Phelps Dodge
Pennsylvania
Baltimore & Ohio
North American
Electric Bond & Shore
Lake Shore
Greate Petroleum
Heyden Chemical
Minnesota
Mining & Mgs
Cities Service
Corn Strength Leads Grain Market on Busy Trading Day
Chicago reports corn as the sole bright spot in a mixed grain session with gains over 4 cents as wheat and other grains fell. July corn at 62 1/4, September 62 1/2, oats flat to down, rye lower, lard steady. Wall Street notes lower securities and expected private crop reports weighing on wheat, while food relief discussions and Red Cross agreements with the Agriculture Department influence market sentiment.
MENTIONED IN THIS ARTICLE
Chicago
Wint
Europe
Red Cross
Department of Agriculture
Closing New York stocks and commodities snapshot June 3
June 3 market notes show irregular bond trading and steady foreign exchange. Cotton quiet, sugar mixed. Metals up on zinc and scrap. Wool tops firm with buying from Boston and commission houses. Chicago wheat steady, corn higher. hogs and cattle down. Butter and eggs steady in Chicago produce with varied price ranges. poultry prices mixed. Amarillo receipts include sudan grass and a wheat price of 0.63.
MENTIONED IN THIS ARTICLE
New York
Boston
Chicago
Cattle Market Drops Lower Across Western Load of Livestock
Western markets show cattle salable about 5 500 with total 6 700. hogs 6 500, under a sharp drop of 10 to 20 cents from Friday. Chicago and Fort Worth trays report mixed bids with calves weak and sheep steadier. notable Texas and Oklahoma City listings show fed steers 8 50 to 10 25, cows 4 00 to 6 25, lambs around 9 50 to 10 65 in slow trade.
MENTIONED IN THIS ARTICLE
Kansas
Colorado
Chicago
USDA
Texas
Fort Worth
Oklahoma City
Denver
Gloom Descends On Cotton Market In Heavy Manner
New York reports a general fall in cotton futures by 2 to 9 points amid weak export prospects for the new crop. October led declines due to hedging against Brazilian growth and Liverpool market effects. Trade buying and cover limited losses while government loan expectations restrained selling. Spot markets in New Orleans and Galveston showed softer readings with varied middling prices. Cottonseed feeds in Fort Worth quoted for Texas mills.
MENTIONED IN THIS ARTICLE
New York
Bombay
U. S
Liverpool
Worth Street
Oklahoma Pleads For Oil Freedom
A spokesman for Oklahoma told a Senate subcommittee that a measure requiring federal certificates for interstate oil pipelines could hinder the oil industry in a defense emergency. Governor Phillips urged fewer hindrances and emphasized oil resources as vital to the state. Similar views were offered for New Mexico. The hearing examined S 3753 to require ICC certificates before oil lines can be built.
MENTIONED IN THIS ARTICLE
Washington
Oklahoma
Senate
W. J. Holloway
Oklahoma City
Leon C. Phillips
Mechanized Troops Return From War Games in Louisiana
About 150 men and officers of a detachment from the Sixty-Eighth Infantry pitched camp at the Tri-State Fair grounds in Amarillo last night. They planned to resume travel at 5 o'clock this morning, traveling by about 20 trucks and six motorcycles after a recent stint in Louisiana war games.
MENTIONED IN THIS ARTICLE
Amarillo
Sixty-Eighth Infantry
Louisiana
Tri- State Fair Grounds
Legion Plans Discussion On Fifth Columns Tonight
Amarillo Legionnaires will discuss national defense and actions against fifth column movements. Post commander Clay Thornton will preside at 8 o'clock in the Legion Home at 1800 Harrison Street. At 9 o'clock a joint Legion and Auxiliary meeting follows with a program arranged by Bruce Autry.
MENTIONED IN THIS ARTICLE
Amarillo Legionnaires
America
Clay Thornton
Legion
Harrison Street
Auxiliary
Bruce Autry
Memphis Democrat Celebrates 50 Years of Publication
Memphis Democrat marked its fifty years of continuous publication with a certificate to editor J. C. Wells from the American Press Half Century Club. The Hall County Herald, founded 1890 by Lieut Governor W. A. Johnson, was merged into the Democrat in 1928. Present publishers are J. C. Wells and Herschell Afontgomery.
MENTIONED IN THIS ARTICLE
Memphis
Memphis Democrat
J. C. Wells
American Press
Half Century Club
Hall County Herald
W. A. Johnson
Herschell
Oil Market Summary Tulsa June 3
No change in the Mid-Continent refinery market with demand and inventories steady and crude oil firm. Refiner markups list U S motor gasoline 60 and below to 72-74 cents per gallon. kerosene 42-44. domestic fuel oils 38-40. and various gas oil and fuel oil price ranges, reflecting steady conditions in Oklahoma and North Texas markets.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
Mid-Continent
U. S
North Texas
Industria
Quay County To Harvest 150,000 Bushels of Wheat This Year
Quay County expects a wheat crop of 150 000 bushels with county agent C A Grimes reporting. About 60 percent of the 1940 crop has been destroyed by cutworms and of 97000 acres sown only 25000 acres will be cut. Moisture is favorable from recent rains and planting conditions are excellent with many acres to row crops.
MENTIONED IN THIS ARTICLE
Quay County
C. A. Grimes
Supreme Court upholds East Texas proration orders
The U S Supreme Court today sustained the validity of all production proration orders for the East Texas field issued by the Texas Railroad Commission on August 29 1938. The decision keeps alive a complex dispute with Humble Oil and Refining and Rowan Nichols cases, while signaling possible restoration of the 1938 plan if upheld on review. The ruling, 6 to 3, was written by Justice Felix Frankfurter with a dissent by Justice Roberts.
MENTIONED IN THIS ARTICLE
Yaduanw
Ucd
Supreme Court
Texas Railroad Commission
East Texas
Texas
Texas Commission
Humble Oil and Refining Company
Rowan & Nicholas
Felix Frankfurter
Owen J. Roberts
Charles Evans Hughes
James C. McReynolds
Austin
U.P
U. S. Supreme Court
Rowan and Nichols
Rowan &Nichols
Humble Oil and
Jerry Sadd Jler
Rowan& Nichols
Rowan & Nichols
Fort Worth
James P. Hart
Rowan É Nichols
Mexico City Talks Oil Expropriation Settlement With U S Firm
June 3 report from Mexico City confirms ongoing negotiations with an American oil company over indemnification for expropriated oil properties from 1938. Sources name Cities Service as the likely firm, with about 3,300 barrels daily of the 140,000 produced by its Mexican subsidiaries. Indemnity discussed around 3 million dollars, following Sinclair settlement at 8.5 million. Government employees offer salary help, while workers oppose Cardenas oil reforms, per a signed statement from the secretary.
MENTIONED IN THIS ARTICLE
Mexico City
Francisco Castillo Najera
United States
Cities Service Corporation
Cities Service
Mexico
Sinclair
Federation of
Cardenas
Petroleum Workers Union
Radio Schedule Fragments Highlight Broadcaster Lineup
A dense list of KONC and KFDA broadcasts outlines morning afternoon and evening programs. NBC and TSN networks feature music orchestras news features and soap operas with stations listing shows from 6:00 a.m. to sign off including The Sky Pilot Farm News and The Guiding Light.
MENTIONED IN THIS ARTICLE
KONC
Sky
Rine
Pana
Farm New
NBC
Balon
Nano Rodrigo
Leonard
Harry Breurer
Marketa
Bob Halaey
Kitchenaghc
Dr. Malone
David Harum
Lone Journey
Guiding Light
Kate Hopkins
Angel of Mercy
Portia Blake
Life
Mabonn Farm
Home Hour
Arnold Grimm
H. V. Kaltenborn
Redding
Morris Spicer
Richard Himber
Ma Perkins
Newa
Woody Herman
Gene Krupa
Ray Kinney
Bud Freeman
KFDA
Reveille
Jeoffrey Mfg. Co
TSN
Texaco Oil Co
Rhythm Ranch Boys
TSN Ee
Southwestern Pub
Monitor News
Studi
Morning Melodies
Lois Fay
Clasa Will Tell
Troy Laundry
Barm
Gal Bunday
Carol Leighton
Traveler's Cafe
Taylor's Market Basket
Taylor
Gro
Tex-Moex
OM Co
Abe Sait
Southworth
Amdat
Frank Day Tire! Co
North Amarillo
Amarillon
Henry Cincone
Orch
Pacific Paradise
Accordionaires
TBN
MBS
Fulton Lewis
Victor Lusanchi
San Jacinto Boosters
Geo. W. Xeeling
Jordan—Secret Agent
Adkisson-Beker
Heidelberg
Jack McClean
Freddy Martin
MacFarland Twing
Church of God and Christ
3Rd
Madison
Andy Iona
Benny Goodman
Also Mentioned on This Page
Amarillo Daily News
Ase
NEW York Metals
Connecticut Valley
St. ‘Louis
Mansas City
St. Louis
Alabama
Plymouth Rock
White Rock
Springs
Plymouth
Allis
M & Fay
Rad & St
Smelt & R
M Zincl
Atl Refining
Aviat Corp
Barnsdall Oil
Bendix Aviat
Beth Steel
Borden
Callahan
Calumet & Hee
Cerro de Pass
Chrysler
Si Alleghany Ve
Colum G & el
Steel
Cornwith & Son
Kennecott
Penn RR
Doug Aircraft
Crutiss Wright
Socony
Ltd
OU NJ
Va EL Pow & Lt Wees
Elec
Repab Steel
Int
Pap & P
Gen Foods
Gillette
Gen Motternnee
Goodrich
Goodyear
Gt Nor
Ir Ore Ct
Red Bank Oil
Gt Nor Ry Pf
Todd Shipyards Ss
Lt & Pow
Houston Oil
Huppeens
Harvester Eee
Ran Ori Noe
Hydro
Eau Rails
Alre
Montgom Ward
Nash Kelvinator
Nat Biscuit
Nat Dairy Pr
Nat Distillers
Amer Co
Aoa
The
Pac i
Io Oil
Shane
Rails Indus Utilie
Pac Gas & el
Unc al Packard
Monda
Pan Am Two
Penney
Pet Corp
Low
High
Phillips Pet
Plymouth Ol
RKO
Rem Rand
DOW Jones
Fenner & Beans
Simmons
Simms Pet
Socon
Vac Wineee
Sou
Ac Seeeeane
Eee
Voce
Stan Oil
Col Sooo
Union Carbide
Union Oil Cal
United Aircraft
Wu United Carphons
United Drug
Aly United Gas Imp
S Rubber
S Steel
Warner Bros Qi
WU TelcOevadiss
West el & Mfg
Lone Star Gas
Treasury
New Orleans
Galveston
Cote
Western Feeders Supply Company
Texas Mills
Crown Block Field Developments
High Court
Rafael Swarez
Hickory
N. GC
J. F. Baker
Kansas City
Magnolia
WPA
Magnolia Petroleum Co
B. B. Stone
Chamber of Commerce
Stone
Eire Eas
Aa Ory
Dickers
Fox Drug Company
Cretney Drug and
City Drug Store
Florence Holliss
Jack Armstrong
Nbc-Went-East
Nbc-Wed-West
Ireené Wicker
Nbc-W
Golden Gate
Cbs-Wabe
the O'Neills
Bud Barton
J. Johnston
H. Foote
Organ
Nbe
Red
Cbs-Wabo
Paul Sullivan
Cbs-West
Echoes of
Wjs
Arthur Hale
Broadecast
H. V. Kaltenhorn
Nbe-Red
Mbs-Wor
Bob Hope
Nbe-Weat
Roy Shield
Glenn Miller & Orchestra
Raymond G. Swing
Wor
Walt
Weat
Brent House
Mbs-Net
Our Clubmen
Cbe
Wabe
Ube-Weat
East
Waring
Red-West
Wja
Amos
Amos & Andy Repeat—Cbs-West Dancing Music Orchest—mbs-chain
Ed Hill
Danece
Nbe-Chains
Cbs-Mbs
Fidler’s
Chs-West
Globe-News
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