Stock Market Extends Rally After Tax News
New York June 4 A rally followed news that the Ways and Means Committee tentatively killed the treasury plan for drastic corporate excess profits taxes. The market opened firm with restrained follow through amid Syria tensions. Electricity output hit a new May 31 week record and steel operations hovered near full capacity. Armament stocks rose with tax news as Consolidated Aircraft and Douglas Aircraft gained. Bethlehem Steel and S and W Steel recouped earlier losses while American Telephone jumped almost 3 points to 157.
MENTIONED IN THIS ARTICLE
New York
U.P
House
Ways and Means
Treasury Department
Syria
Washington
Consolidated Aircraft
Douglas Aircraft
Savage Arms
Bethlehem Steel
Krysler
General Motors
Dow Chemical
du Pont
Hastman
United Carbon
American Telephone
War Department Awards $9 Million in Aviation Engine Fuel Contracts
Washington June 4 The War Department announced contracts totaling 9 million dollars for aviation engine fuel. Phillips Petroleum Co Bartlesville Oklahoma receives 2.50286 million dollars and Humble Oil and Refining Co Houston Texas 1.5954 million dollars. US bonds quoted in New York fall amid market updates.
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 trading shows wheat up early then erases gains in the final hour due to profit taking and weak soybeans. Reports note rain in the Southwest feared to spread rust while cash grain quotes reflect mixed prices across Wheat Corn and Soybeans with several markets showing small net moves.
MENTIONED IN THIS ARTICLE
Chicago
Markets in Brief summary from New York issue
Markets in Brief from New York June 4 reports mixed activity across sectors. Stocks uneven, bonds mixed with selective corporate gains, foreign exchange quiet with the Canadian dollar near a 1941 high, and commodities showing varied moves in cotton, sugar, tin, wool, wheat, corn, hops, and cattle trends.
MENTIONED IN THIS ARTICLE
New York
Unever
Bombay
Wall Street
Chicago
Cattle and Hog Sales Stronger Across Midwest Markets
Kansas City reports hogs salable 2,700, mixed weights $9.00 to $9.30 top at times, cattle 3,300 salable with steers around $9.50 to $11.75 and heifers $9.00 to $11.25, calves steady to higher. Chicago and Oklahoma City follow with higher hogs and steady to firm cattle, stockers scarce, Western markets show steady to higher demand for lambs and sheep.
MENTIONED IN THIS ARTICLE
Kansas City
Chicago
Oklahoma City
USDA
Fort Worth
South ST. Joseph
New Mexico
Los Angeles
Federal State Market News Service
Colorado Fed
Amarillo Wheat Markets Report Receipts and Arley
Amarillo markets show wheat receipts at 59 cars and barley at 1 car. Local grain dealers monitor price changes and supply trends for upcoming shipments through the week.
MENTIONED IN THIS ARTICLE
Amarillo
Wool and metal market roundup from Boston and New York
Spot Australian and South American wools showed moderate demand with steady to firm prices in Boston. New offerings were small and steady for future shipments while domestic wool demand remained slow. In New York metals copper held at 12.00 spot, tin at 52.25, lead around 5.88 to 5.90, zinc about 7.25.
MENTIONED IN THIS ARTICLE
Chicago
U.h
Colored Springs
Plymouth Rock Springs
Cox
Agige
Boston
Territory
Texas
NEW York Metals
New York
FAS
Cotton Advance Is Checked After 16 Points Gain
New York June 4 Cotton futures rose to near 13 cents but closed 1 to 6 points higher. Early demand tied to yesterday's mill activity and strong cotton cloth turnover in Worth Street. Reports show mixed activity with prices firm, plus port stocks and exports details for the season and commodities in Texas and New Orleans markets.
MENTIONED IN THIS ARTICLE
New York
Worth Street
Vesveseersc
Eean Seeeves
Veveveness
New Orleans
Seeenee
Etter Eee
Mch
Travelers Oil Company Board Reelects Officers and Directors
At the annual stockholders meeting held at 310 Amarillo Building on May 26, the Travelers Oil Company unanimously reelected its board of directors J. N. Barnes Henry M. Horn Myron Gillman Borger W. T. Gillman Borger and W. B. Allen Amarillo for another year. The retiring officers were also reelected to serve as president and general manager W B Allen vice president and lease production supervisor Myron Gillman and secretary and development supervisor W T Gillman.
MENTIONED IN THIS ARTICLE
Travelers Oil Company
Amarillo Building
J. N. 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 the oil industry faced a gloomy near term due to distribution problems despite healthy production. Texas Railroad Commission member Jerry Sadler, noting Ickes as federal oil coordinator may end federal control, expressed optimism. tanker requisitions for Britain worry oil men about potential eastern gasoline shortages. He cites possible new pipelines and the ability to release crude for emergencies if needed.
MENTIONED IN THIS ARTICLE
Austin
Jerry Sadler
Texas Railroad Commission
Harold Ickes
Britain
Texas
President Roosevelt
Ickes
Sadler
Oil Market Summary from Tulsa Market Report
Midcontinent Refinery market flat with prices steady from prior day. Gasoline and crude show strength while kerosene and fuel oils move cautiously. wholesale tank car prices in group three Oklahoma noted with figures for gasoline, natural gasoline, kerosene, fuel oils and industrial oils across grade and cold test variations.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
F.O.B
Oklahoma
U. S
North Texas
Fda
Brain growth in infants peaks in first year
The brain of a baby develops more rapidly during the first year than in all subsequent years, highlighting early cognitive development’s crucial window. This emphasizes the lasting impact of early experiences on neural growth and learning.
New Regulations Face Oil Shortage Amid War Demands
Secretary Ickes warned of adjustments to meet a coming oil shortage likely to cause gasless Sundays and lower heat. He urged conservation and possible daylight saving time to save electricity as experts call for strict use limits and a Louisiana Texas to New York pipeline plan.
MENTIONED IN THIS ARTICLE
Washington
Ickes
Interior Department
Roosevelt
Defense
Small Ship Bases Approved for Navy Spending
The House unanimously approved authorizing the navy to spend 50 million dollars on small boat section bases. Congress has appropriated 10.6 million to start the bases, with 29 sites approved. The navy plans to add 30 more bases for its mosquito fleet, submarine chasers and patrol craft. The House also authorized 31.115 million for naval shore establishments.
MENTIONED IN THIS ARTICLE
Washington
House
Navy
Congress
Oil Deal With Japan Outlined By Standard Oil
The Standard Oil Company (New Jersey) told stockholders at its Flemington meeting that it outlined an agreement to sell additional oil to Japan. The deal, negotiated with Dutch British and American authorities, involved a joint venture with Standard Vacuum Oil in the Netherlands East Indies. Up to now Japan has not received the full promised quantity.
MENTIONED IN THIS ARTICLE
Flemington, N. J
Standard Oil Company
New Jersey
Japan
Netherlands Fast Indies
W.S. Farish
New Jersey Corporation
Standard Vacuum Oil Company
Netherlands East Indies
Farish
Daily US Crude Oil Production Rises Marginally
The American Petroleum Institute reports a weekly rise of 13 250 barrels in daily US crude output to 3 786 100, while refinery utilization fell to 86 2 percent of capacity from 90 3 percent. Stated still-run totals dipped to 3 699 000 barrels daily as gasoline stocks ease from last week.
MENTIONED IN THIS ARTICLE
New York
United States
American Petroleum Institute
Institute
Proration Bill Advances Through Senate Amid Debate
The Texas Senate sent a proration bill to third reading after House approval mandating statewide oil production limits. A Senate amendment limits reenactment to two years, with a tied vote on final engrossing and a defeated Weaver Moore amendment seeking field specific relief. A House resolution to raise statewide allowables was referred for hearings.
MENTIONED IN THIS ARTICLE
Austin
Senate
House
Railroad Commission
Sen
Weaver Moore
Houston
Moore
Texas
Committee On Oil, Gas and Mining
Bids on Public Land Opened for Mineral Development
The state school land board received bids today on public land opened to mineral leasing but deferred action to June 6 for study. Tract 14 Wichita River bed 210 acres Wichita County bid by Murchison and Wynne Dallas 42 1 2 percent oil and gas. L H Cullum Wichita Falls 3 6 oil gas sulphur and minerals. Phillips Petroleum Bartlesville Okla 1 3 oil and gas 1 long ton sulphur 1 3 other minerals. Panhandle Refining Wichita Falls 1 4 oil and gas. Tract 15 Sabine River bed Gregg County 90 acres cash 2000 R Lacy Longview 3 16 oil and gas. area carries obligation to drill a well.
MENTIONED IN THIS ARTICLE
Austin
State School Land Board
Leas
Ing
Big
Wichita River
Wichita County
Murchison and Wynne
Dallas
L. H. Cullum
Wichita Falls
Phillips Petroleum Co
Bartlesville
Okla
Panhandle Refining Co
Sabine River
Gregg County
R. Lacy
Longview
LETO'S GUM RELIEF PROMISES MONEY BACK AT CRETNEY'S
Do your gums itch burn or cause discomfort Druggists will return your money if the first bottle of LETO'S fails to satisfy available at CRETNEY'S Corner Polk and Sixth.
Gas Exemption Due for Texas
An authority in Washington says Texas is unlikely to enact gasoline free Sundays. Secretary of the Interior Harold Ickes, named petroleum coordinator for national defense, must consider any move. Texas oilmen doubt a Sunday ban and cite Gulf Coast surplus and transport limits as relief. The 24 man committee handed its report to Ickes, who will study it once deputy coordinator is appointed.
MENTIONED IN THIS ARTICLE
Houston
Texas
Washington
Chronicle
Secretary of the Interior
Harold L. Ickes
Roosevelt
East
Gulf Coast
Ickes
Tekes
Radio Schedule and Programs Aired Across the Day
A dense listing of radio station 1440 Ke broadcasting 250 watt and 1000 watt hours with morning, afternoon, and evening lineups. It lists show names hosts and NBC connections including The Sky Pilot Farm News Trading Post Breakfast Club of the Air News by Air Pepper Young’s Family Lone Journey and more across June 5 with serials and sports segments.
MENTIONED IN THIS ARTICLE
Sky Pilot
the Trading Post
Breakfast Club of the Air
NBC
Paul Baron
Clark Dennis
Wilson Ames
Morris Spicer
Jalon
Pepper Young
Lone Journey
David Harum
Sam Taeatonas
Mystery Man
Winston Duzzit
W. Lee O'Daniel
Ma Perkins
Vic and Sade
Stella Dallas
Lorenzo Jones
Young Widder Brown
Home of the Brave
Portia
Life
News
Harry Breuer
the Twig
Bent
Shopping With Charlotte
Shep Fields
Amarillo Safety Council
Lew White
The
Texas Rangers
Aldrich
Frankie Masters
Colby Davies
Ozzie Nelson
Nell Bondshu
John Agnew
Club of the Air
TBSN
Our
Gal
TSN
Edith Adams
Helen Holden
Amarillo
Shaffter Parker
Cincone’s
Johnson
Milo Perez
MBS
Wallenstein
Sinfonietta
Parade of the News
Wythe Williams
Sport
Dixie Revelers
Leonard Keller
Also Mentioned on This Page
Phillips
Humble
U. S. Bonds
U. S. Weather Bureau
Worth Case Neoes Tae
Veston Seteewes
Goodland
Kansas
Guymon
Lamar
Colo
Eaae Sane
Lubbock
Phoenix
Ariz
Te Pueblo
Rapid City
Ls. D
Roswell
Clovis
Des Moines
N M
Faffir
California
Alabama Bliss
Idaho
Burbanks
North Dakota
Wisconsin
Associated Press
al Chem & Dye
AT & Ss F
Aviation Corp
Barnsdall Oil
Bendix Aviat
Beth Steel
Bordenee
Chrysler
Colum Gas & el
Consol Oil
Curtiss Wright
E Power & Lite
Elec
Gen Foods
Lorilla
Consai Aire
Montgom Ward
Lehigh Cal C
Nash Kelviator
Np M Nat Dairy Pr
Vanes
Ohio Oileenee
Kennecott Saenee
Packard Mot
Central
Pan Am Airways
Panhandle P
Gen Motors
Dn Penney Ae
Lehigh Val
Seaboard Oil
Sears Roebuck
Shell Union Oil
Indus — Util AK
A. Ac
Tena
Indus Aaboee
SON J
Stewart Warn
Jae & Webster
Tex Pac C &O
Tex Pac
Union Carbide
Union Oil Cal
United Aireetre
United Gas Imp
Rails Indus Util Fren S Rubber
Dat Alunch
Steel
Walgreen Seeeane
Warner Bros
A_ Tel
West
Mfg
Aes
White Met
Wilson & Co
Ang
Woolworth Sells
Veeneetanans
Gas & el
Nat Gas
Jan Schnadestvanes
Aero Tana
Bridget Mach
Woawa
Eagle Pich
Dow-Jones
Ae Bond & Sh
Fenner & Beane
Humble Oil Saeee
Coe
Lone Star Gas
Stoc
Okla Oe Gas
Tee Enews
Oié
I Unit
Amarillo Markets
Western Feeders Supply Company
Texas Mills
Crown Block Field Developments
Office of Production Management
Defense Petroleum Coordinator
Louisiana
New York-Pennsylvania
Chester
J. Howard Pew
Sun Oil Company
Atlantic Seaboard
Sabath
Illinois
House Rules Committee
State Departments
State Department
Rep. Coffee
Globe-News
Nature
Dallas - Fort Worth
Texas Panhandle
Miller & Miller Motor Freight Lines
Turkey
KFDA
Abe
Nbce
O’neilla
John Sturgess
Jack Armstrong
Nbe
Nbbe
Scattergood Baines
Cbs
Bartons
Bob Edge
Tal
Paul Sullivan
Dave Bacal
Paul Doug Lowell Thomas
Capt
Midnight
P. Waring
Herbert Foote
Drad Fe. Amos
Andy Hae
Fulton Lewis, Jr
Europe
Broadca
Mr. Keen
Lanny Ross
Morgan
Kavier Cugat
Vox
Arthur Hale
H. V. Kaltenborn
Bam Baker
Fannie Brice
Snooks
Horace Heidt
Orches
Ireland
Henry Aldrich
City Desk
Cbs Orchestra
Elmer Davis
Bing Crosby
Major Bowes
Dhe
Gabriel Heatter
Berlin
T. Steele
Alfred Wallenstein
Cbe
World News Broadcasting
Cbs N. Olmsted
Fred Waring
Nbe-Red-West Dancing Music Orchestra
Edwin C. Ail
Chs
Amos and Andy Repeat
Cha-West Dance Music Orchestra
All Chains
Chs-West
RADIO
Globe News
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