Tax News Spurs Rally Amid Market Unease
New York June 4 news that the House Ways and Means committee tentatively killed the treasury plan for drastic corporate excess profits taxes sparked a late rally in stocks. They opened firm with restrained follow through as worries over a potential Syria crisis weighed. Industry shares rose with defense-related optimism.
MENTIONED IN THIS ARTICLE
New York
U.P
House
Ways and Means Committee
Treasury Department
Syria
Iron Age
Stern
Washington
Consolidated Aircraft
Douglas Aircraft
Savage Arms
Bethlehem Steel
Aa . S. Steel
Chrysler
General Motors
Dow Chemical
du Pont
Hastman
United Carbon
American Telephone
Oil Shortage Prompts Ickes Call for Conserving Measures
Secretary Ickes warned of an approaching oil shortage likely to trigger gasless Sundays and lower home heating temperatures. He urged conservation, transportation fixes, and a possible nationwide daylight saving time to save electricity.
MENTIONED IN THIS ARTICLE
Ickes
Office of Production Management
War Department awards $9 million in aviation engine fuel contracts
The War Department announced contracts totaling 9,000,000 for aviation engine fuel. Phillips Petroleum Company of Bartlesville Oklahoma received 2,502,860 and Humble Oil and Refining Company of Houston Texas received 1,595,400. Bond issues and treasury notes appear in the surrounding items.
MENTIONED IN THIS ARTICLE
Washington
War Department
Phillips Petroleum Company
Bartlesville
Okla
Humble Oil and Refining Company
Houston, Tex
Wheat Advances Cent A Bushel but Loses It All at Close
Chicago June 4 Wheat rose a cent then gave up the gain in the final hour as profit taking and weak soybeans pressured prices. Mill buying supported early trading while rain in the Southwest sparked rust fears. July wheat 977. September 99-99.75. corn down 14-15. soybeans finished 1 1 4 to 1 1 4 lower.
MENTIONED IN THIS ARTICLE
Chicago
Closing NY Stocks and Commodities Report
New York market movers show uneven stock activity with bonds mixed and corporates improving selectively. Foreign exchange quiet with the Canadian dollar at a 1941 high. cotton steady on trade and purchases. sugar markets narrow and quiet. tin slightly easier while wool tops hold. Chicago wheat gains faded on profit taking. corn down on favorable rains. hogs active with gains to 9.60. cattle uneven with light steers steady and heavy weights weak.
MENTIONED IN THIS ARTICLE
New York
Bombay
Wall Street
Chicago
Associated Press
al Chem & Dye
Am Woolen Oun
Flames
Aviation Corp Barnsdall
Bendix Aviat
Beth Steel
Orden Weber
Gen Foods
Gen Motors
Goodrich Wee
Hound
Int Harvester
Johns Manville
Savage Arms
Lorillard
Consol Aire
Anaconda
Boeing Aire
Seaton
Nash Kelviator
Nat Dairy Pr
Kennecott
Panhandle P & R
Aeoneres
Shell Union Oil
Socon
Tebe
Ind SV Ene Oe
Sonj Eae
Stewart Warn
Stone & Webster
Tex
Tex Gal
Tex Pac C & Sylph
Tex Pac L
Tide Wat
Eadveny
Union Carbide
Union Oil Cal
United Aire Peers
United Carbon
United Gas Imp
GR Oils Rails Indus Util Frgn U
Bros
Ane
West Hi Ie Mig
Eee
Wilson & “Co
Woolworth Eee
Snes
Snes Taveeeeee Eeee 113.1 113.1] Am Gas & Fl
Nat Gas A
Apennenanessseeers
Lone Star L Ines
Sheen
Okla Ors Cae
Cattle and Hog Sales Stronger Across Regions
U S D A reports June 4 livestock trade with hogs salable 2700, cattle 3300, calves 500. hogs 9.15 to 9.25 typical, steers 9.00 to 10.50, heifers 9.00 to 10.25. sheep 4000 plus, lambs 9.00 to 12.50. Markets in Chicago, Oklahoma City, Fort Worth, St Joseph and Los Angeles show varied gains and steady to higher trends.
MENTIONED IN THIS ARTICLE
Kansas City
Chicago Livestock
Chicago
D. al
Oklahoma City
USDA
Fort Worth
South ST. Joseph
New
Los Angeles
Federal State Market News Service
Colorado
Amarillo Wheat Markets Record Stable Prices
Amarillo markets report wheat at a nominal 0.73 dollars with steady prices. Receipts include 59 cars of wheat and 1 car of barley, reflecting light grain movement through the market.
MENTIONED IN THIS ARTICLE
Amarillo
Wool and metal market notes from Boston and New York
In Boston spot Australian and South American wools show moderate but uneven demand with prices steady to firm. South American offerings are small and steady for future shipments while domestic wool demand remains slow. In New York copper tin lead and zinc show steady prices with spot and forward quotes around 12.00, 52.25, 5.85 5.90, and 7.25 respectively.
MENTIONED IN THIS ARTICLE
Chicago
U.P
Colored Springs
Plymouth Area Springs
Cox
Boston
Territory
Texas
NEW York Metals
New York
FAS
St. Louis
Cotton Advance In Futures Pauses After 16 Point Rise
New York June 4 cotton futures edged up to 135 cents before closing 1 to 6 points higher amid steady demand from mills. Worth Street turnover boosted yesterday’s activity, but today’s trade was less brisk while prices held firm. Exports Tuesday totaled 14 bales. season to date 967,437 bales, port receipts 12,706, port stocks 3,384,941.
MENTIONED IN THIS ARTICLE
New York
Worth Street
Travelers Oil Company Reelects Officers and Directors
At the annual stockholders meeting on May 26 at 310 Amarillo Building the Travelers Oil Company re elected its board of directors including J. I. Barnes Henry M Horn Myron Gillman Borger W. T. Gillman and W. B. Allen. The retiring officers were also reelected to serve as president and general manager and as vice president and lease production superintendent and as secretary and development superintendent for the coming year.
MENTIONED IN THIS ARTICLE
Travelers Oil Company
Amarillo Building
J. I. Barnes
Memphis
Henry M Horn
Channing
Myron Gillman Borger
W. T. Gillman
Borger
W. B. Allen
Amarillo
Myron Gillman
Distribution Tinges Petroleum Outlook
In Austin on June 4 oil leaders say production remains healthy but distribution problems cloud the outlook. Texas Railroad Commission member Jerry Sadler sees relief if Harold Ickes is oil coordinator eliminating federal control fears. Tanker requisitions for Britain raise concern of possible eastern gasoline shortages. Proposals for new pipelines are discussed as leaders note vast crude could meet civilian or military needs by adjusting current production. Sadler defends Ickes appointment amid criticism.
MENTIONED IN THIS ARTICLE
Austin
Jerry Sadler
Texas Railroad Commission
Harold Ickes
Britain
Texas
President Roosevelt
Ickes
Sadler
Oil Market Summary Tulsa June 4 unchanged prices and steady undertone
Midcontinent refinery market held steady with prices at previous levels. Gasoline and crude rose strong, kerosene active, fuels and lubricants steady, industrials strong. Published prices cover wholesale tank car lots 8k–10k gallons with F.O.B refinery in Group Three Oklahoma minus taxes.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
F.O.B
Oklahoma
U. S
Brain growth in a baby’s first year outruns later years
A study highlights that the infant brain undergoes rapid development in the first year, surpassing growth in all subsequent years. Researchers note heightened neural activity and synapse formation during early infancy.
Small Ship Bases Approved by House
The House unanimously approved authorizing the navy to spend 50 million dollars on small boat section bases with 10 million appropriated to start and 29 sites approved. The plan includes 30 more bases for the mosquito fleet including submarine chasers and patrol craft. A 31.115 million authorization for naval shore establishments was also approved.
MENTIONED IN THIS ARTICLE
Washington
U.P
House
Navy
Congress
Oil Deal With Japan Outlined By Standard Oil
Flemington New Jersey June 4 The Standard Oil Company New Jersey told stockholders details of an agreement to sell additional oil to Japan negotiated with the knowledge of the American British and Netherlands East Indies governments The plan involved its affiliate with a Dutch British concern to supply Japan over a limited period excluding 100 octane aviation gasoline and other products It notes that Japan has not yet taken delivery of the full agreed quantities and mentions the alliance with Standard Vacuum Oil and Far Eastern operations.
MENTIONED IN THIS ARTICLE
Flemington
N. J
Standard Oil Company
New Jersey
Japan
Netherlands East Indies
Farish
New Jersey Corporation
Standard Vacuum Oil Company
Daily US crude oil production rises in week ending June 4
The American Petroleum Institute reports a 13 250 barrel per day increase in US crude output to 3 786 100 barrels daily. Refinery utilization slipped to 86 2 percent of capacity from 90 3 percent. Gasoline stocks fell to 93 845 000 barrels, with imports at principal ports totaling 1 809 000 barrels.
MENTIONED IN THIS ARTICLE
New York
United States
American Petroleum Institute
Institute
Proration Bill Advances in Texas Senate
The Texas Senate moved a statewide oil proration bill to third reading, approving a House reenactment with a two year limit after a heated debate. The body voted 23 to 8 in engrossing and rejected a final rule suspension, while an amendment by Senator Weaver Moore, limiting waste relief, was defeated 12 to 19.
MENTIONED IN THIS ARTICLE
Senate
House
Weaver Moore
Houston
Moore
Texas
Railroad Commission
Committee On Oil, Gas and Mining
Bids on Public Land Opened for Mineral Leasing
The state school land board received bids on public land considered for mineral development and deferred action to June 6 for study. Tract 14 in Wichita County covers 210 acres with cash bid of 5000 from Murchison and Wynne. various oil and gas stake offers follow from Phillips Petroleum, Panhandle Refining, and L. H. Cullum. Tract 15 in Gregg County covers 90 acres with cash bid of 2000 from R. Lacy Longview and includes drilling obligation in the agreement.
MENTIONED IN THIS ARTICLE
Austin
State School Land Board
Big
Wichita River
Wichita County
Murchison and Wynne
Dallas
L. H. Cullum
Wichita Falls
Phillips Petroleum Co
Bartles Ville
Ohio
Panhandle Refining Co
Sabine River
Gregg County
R. Lacy
Longview
Plate sores and gum discomfort cure claims
An advertisement from CRETNEY'S Corner Polk and Sixth promotes LETO'S with a money back offer if the first bottle fails to satisfy. It emphasizes plate sores and gum itching or burning as issues the product allegedly addresses.
Gas Exemption Debate on Sundays in Texas
A Houston report says Texas is unlikely to adopt gasoline less Sundays with Secretary Ickes to study the idea. Oilmen say Gulf Coast surplus, transport limits, and rising demand make Sunday exemptions unnecessary. A four man oil industry committee presented the proposal to Ickes, who will study it after appointing a deputy petroleum coordinator.
MENTIONED IN THIS ARTICLE
Washington
Ickes
Interior Department
Roosevelt
Defense
Texas
East
Gulf Coast
Rport
Tekes
Tokes
Radio Program Schedule Highlights for Thursday
A detailed list of radio broadcasts across 5 000 watt daytime and 1 000 watt nighttime stations. Programs span morning through night with NBC shows such as The Guiding Light and Pepper Young’s Family, plus musical acts like Xavier Cugat, Bing Crosby, and Duke Ellington style orchestras. The schedule also lists news, sports, and variety programs with numerous ads and local segments.
MENTIONED IN THIS ARTICLE
Winston Duzzit
W. Lee O'Daniel
Ma Perkins
NBC
Vie and Sade
Stella Dallas
Lorenzo Jones
Young Widder Brown
Home of the Brave
Portia
Life
News
Harry Breuer
Charlotte
Hep Fields
Fiend
Army Camp
L&c. Eee
Town Crier
Amarillo Safety Council
Lew White
The
Texas Rangers
Allrich Family
Frankie Masters
Colby Davies
Xavier Cugat
Yvette
Aera Waring
Sports Review
Bill Benson
Harry James
Newsa
Sammy Kaye
al Donahue
Ozzie Nelson
Nell Bondshy
Hporte
Bob Edge
Oreh
Dave Bacal
Chicago
Mbs
Paul Douglas
Lowell Thomas
Che
Midwest
Waring
Herbert Foote
Nbe
Amos
Andy Bherial
Cbhs-East
Ani
Fulton Lewis, Jr
Mr. Keen
Rte
Lanny Ross
Cbha
Morgan
Kavier Cugator
Vox
Arthur Hale
H. V. Kaltenhorn
Sam Baker
Pannie Brice & Snooks
Horace Heidt
Orches
Ed East
Wythe Williams
Ireland
Henry Aldrich
Nbe-Red Defense
Nbe-Blue
City Desk
Cba Orchestra
Elmer Davis
Cbs
Bing Crosby
Major Bowes
Gabriel Heatter
Berlin
T. Steele
Alfred Wallenstein
Sinfonietta
Vallee
Barrymore
Glenn Miller
Cbe
World News Broadcasting
Dhs N
Fred Waring
Edwin
Hill
Amos and
Andy
Cha-West Dance Music Orchestra
All Chains
Government aid boosts wheat and cotton production in Turkey
Government programs have significantly raised Turkey's wheat and cotton output in recent years, lifting agricultural activity and farm incomes across the country.
MENTIONED IN THIS ARTICLE
Turkey
Radio Schedule Sampler With News and Musical Acts
A Thursday broadcasting lineup lists programs from 3:30 to 4:00 featuring serials such as We the Abbotts and Scattergood Baines, musical acts like The Novyelets Orchestra and The O Neills, plus news segments, skits, and a dance orchestra.
MENTIONED IN THIS ARTICLE
Nbe
O'Neills
Che
John Sturgess
Jack Armstrong
Nbc-Red
Nbc-Blue
Scattergood Baines
Cbs
Mbs
Also Mentioned on This Page
Defense Petroleum Coordinator
Louisiana
New York-Pennsylvania
Chester
J. Howard Pew
Sun Oil Company
Atlantic Seaboard
Sabath of Ilinois
House Rules Committee
State Departments
War
State Department
Rep. Coffee
Phillips
Humble
Bonds ‘S
Weather Bureau
Kane
Elk City
Kla
Iveston Teanee
Phoenix
Ariz
Pueblo
Colo Eee
Roswell Rapid
Saltrade City
Utan Oats Sheridan
Wyo
Tucumcari
N. M
Waynoka
Wichita
Kansas
Win
Dimmitt Clovis
Des Moines
Worth
Faffir
California
Alabama Bliss
Amarillo Markets
Western Feeders Supply Company
Texas Mills
New Orleans
Dee
North
Chronicle
Secretary of the Interior
Harold L. Ickes
National
Globe-News
Nature
Dean
Doan
Dallas - Fort Worth
Texas Panhandle
Miller & Miller Motor Freight Lines
Sky Pilot
Farm News
the Trading Post
Breakfast Club of the Air
Paul Baron
Orchestra
Clark Dennis
Wilson Ames
Morris Spicer
Salon Berenade
Pepper Young
Lone Journey
David Harum
Sam
KFDA
John Agnew
TSN
Gal
Edith Adama
Helen Holden
Onar
Schaffter Parker
Ase Cincone
Johnson Family
Bulletina Mbs
Milo Perez
Jan Garber
Joan Paul Dickson
bEter Y Wallenstein
Leonareller
RADIO
Globe News
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