Market Slump Pauses as Late Support Stabilizes Prices
The New York stock market posted another slow losing session as traders took profits and feared a technical correction after a 15 year peak. Labor conditions remained a bearish factor while late buying steadied most groups. Transfers totaled 1 210 000 shares with notable gains in American Woolen, Schenley, Allied Stores, American Water Works and Sunshine Mining. Abraham & Straus dropped after a 10 share sale, highlighting market thinness amid widespread declines in major issues.
MENTIONED IN THIS ARTICLE
New York
Schenley
Allied Stores
American Water Works
Sunshine Mining
Abraham & Straus Common
U. S. Rubber
Goodrich
Goodyear
Santa Fe
Great Northern
U. S. Steel
Bethlehem
General Motors
Chrysler
Montgomery Ward
Anaconda
Phelps Dodge
Douglas Aircraft
General Electric
Philip Morris
Texas Co
U. S. Gypsum
Border Officials Crack Tire Smuggling Ring Across Border
A Justice Department official reports smugglers are moving tires into Mexico at up to double cost. Border Patrol and Customs have seized trucks and tires since March 18, capturing three trucks and members of two groups. An officer recounts a dramatic arrest involving a gold-toothed smuggler.
MENTIONED IN THIS ARTICLE
Washington
High Justice Department
Mexico
United States
Border Patrol
Customs Patrol
el Paso
Tex
U. S
Maryland W. Spicher
Frank O. Cowan
Spider
Cowan
Thomas P. Garcia
Woodbury
Customs Service
Markets at a Glance June 4 New York stock and commodity shifts
Markets at a Glance reports a mixed session with stocks lower and leaders extending a slow decline while bonds ease. Cotton sees quiet mill activity, Chicago wheat steady to five cents higher with no offerings, corn unchanged to five cents higher, oats up to one half cent, hogs active and steady with top at 14.85, cattle strong and unevenly higher with top at 18.00.
MENTIONED IN THIS ARTICLE
New York
Chicago
Am Smelt & Ref
Armour & Co
Aviation Corp We
Baldwin Loco
Bendix Aviation Need Eats
Bethlehem Steel
Blaw-Knox
Borden Ee Eee
Curtisa Wright A
Deere & Co. Coneoucess
Douglas Aircraft Uly
General Electric
Wee Eee
General Motors
Gillette Razor Eee
Goodrich Loken Ees Socseee
Goodyear Eee Ee
Harvester Pee Weeee
Fenner & Beanchip Oil
Packard
Kansas City
Pan Amer Airways
Paramount
Radio Corp
Rep Steel Seen
Eee Ewe
Comwith & Sou Wat Wks
Ee Ee
Sears
Secony Vac Pow & Lt
Sham Ol & Gas Veseee
Ly Shell Union Oil
Stand Oil Ind
Amer Airlines
Stand Oil NJ
Nash Kelv Sa Seee
Ys Studebaker Vosees
Gen Motors s+ se
Texas Corp Teree
Keith O
Tex Gulf Sylph
Studebaker
USDA
Stock Market Quotations Furnished by Merrill Lynch
Daily stock market quotations provided by Merrill Lynch include prices for leading securities, with updates on share values, market movements, and closing figures.
MENTIONED IN THIS ARTICLE
Merrill Lynch, Pierce, Fenner & Beane
Old Grains Rise Another Nickel
Chicago grain futures opened with gains across wheat corn rye and barley as old deliveries rose the daily ceiling. Wheat and rye hit ceilings with oats gaining on the day. prices for August and July contracts moved up from yesterday's closes amid firm activity at the board of trade.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Chicago Board Suspends Firm Over Restraining Order
The Chicago Board of Trade suspended Robert W. Buckley and Charles W. Buckley of Buckley and Co. after the firm obtained a temporary federal restraining order against board trading in grain futures. Officials declined further comment, directing inquiries to board rules.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade Today
Robert W. Buckley
Charles W. Buckley
Buckley and Co
Slaughter Classes Firm Fairly Active To Order Buyers
Kansas City market report notes slaughter classes generally steady with some strength in fed steers and yearlings. Fair demand from buyers but limited big packer inquiry. stockers and feeders in short supply. diverse prices listed for fed cattle, cows, vealers, and calves. Also reports Chicago and Fort Worth markets with varied gains and steady to higher trends.
MENTIONED IN THIS ARTICLE
Kansas City
USDA
Arizona
Fort Worth
U.P
Oklahoma City
Potato prices by region and variety in Chicago market
USDA market report lists California Long White potatoes at 3.25 to 3.45, Pontiacs at 3.70, Bliss Triumphs at 3.50 to 3.55, Alabama Bliss Triumphs 3.25 to 3.35, Sebagos at 3.00, Florida Bliss Triumphs 3.00, and Arizona Bliss Triumphs 8.60. The data covers several varieties across multiple states.
MENTIONED IN THIS ARTICLE
Chicago
USDA
California
Pontiacs
Bliss
Alabama Bliss
Sebagos
Florida
Arizona Bliss
Cattle Prices Hold Steady at Amarillo Market
Amarillo livestock market held steady after high Monday prices with mixed grade cattle. About 1 250 cattle sold yesterday, roughly 600 more than last Tuesday, with no cows and calves offered and a lower overall average due to poorer quality cattle.
MENTIONED IN THIS ARTICLE
Amarillo
Amarillo Livestock Auction Company
Walteleses
Cotton Futures Reach Seasonal Highs in Quiet Trading
New York June 4 The cotton futures market rose to seasonal highs in quiet dealings as traders await final price control action. Futures closed with gains up to 5 cents a bale, with December and March futures around 28.68 to 28.79 cents. Galveston and New Orleans spot markets showed mixed firmness with middling around 28.09 to 28.59 cents.
MENTIONED IN THIS ARTICLE
New York
Cs Caccanes Saneeecsaees
Galveston
Cotton futures hit season highs on New Orleans weather strike
New Orleans futures rose on weather and crop reports with prices closing 15 to 30 cents higher. contracts for October December and March edged up to the high 28.50s to 28.80s as the market firmed. New York wool futures closed modestly lower with July 1947 at 129.58 and October 1947 at 128.08.
MENTIONED IN THIS ARTICLE
New Orleans
New York
Chicago Produce Market Report June 4
Chicago wholesale prices and receipts show unsettled market with 422 320 pounds of produce and 388 463 cases of eggs. Mercantile Exchange prices list extras standards and current receipts across multiple grade levels with dirties and checks noted.
MENTIONED IN THIS ARTICLE
Chicago
U.P
Mercantile Exchange
Amarillo group to attend polio prevention meeting
Amarillo residents plan to travel to Plainview on Thursday for a polio preparedness meeting. Dr. John Hooper city health officer will attend, with likely participation from Northwest Texas and St. Anthony's hospitals. George Hammock and Judge E O Northcutt are expected to join as Potter County Foundation leaders.
MENTIONED IN THIS ARTICLE
Amarillo
Plainview
John Hooper
Texas
St. Anthony’s Hospitals
George Hammock
Potter County Foundation For
E. O. Northcutt
Byron Ellis Elected Head of Lions Club
Byron Ellis former director is the new president of Amarillo Lions Club elected at the regular weekly luncheon in Amarillo Hotel. Other new officers include J L Southern elevating to first vice president Leon Krupp as second vice president H A Shaw as third vice president and Leslie Smith and Dub Thompson as new directors. He succeeds Ben G Lane and Mr Southern succeeds Frank Hoyt and Mr Krupp succeeds Carl Krupp.
MENTIONED IN THIS ARTICLE
Byron Ellis
Amarillo Lions Club
Amarillo Hotel
J. L. Southern
Leon Krupp
H. A. Shaw
Leslie Smith
Dub Thompson
Ellis
Ben G. Lane
Southern
Frank Hoyt
Krupp
Carl Krupp
Price College Faculty Begins Summer Absences at Eagle Nest
The Price College faculty departs for a summer break at Eagle Nest with plans for study and posts assignments. Brothers Aiden Ligouri Philip and Mark will study in Chicago while Peter attends St Mary’s College Winnona Minnesota. Rev Jerome Hancox is on vacation in Oil City with Rev Vincent Daugints substituting at Vega mission.
MENTIONED IN THIS ARTICLE
Price College
Eagle Nest
Aiden
Montreal
Canada
Ligouri
Philip
Mark
Chicago
Peter
St. Mary’s College
Winnona
Minn
Oil City
Jerome Hancox
Vincent A. Daugints
Father Hancox
Vega Mission
Lawrence
Pascal
Price
Iat
Heysers Leave for San Antonio After Week With Webb Links
Mr. and Mrs. J C Heyser departed this morning for their home in San Antonio following a weeklong visit with Mrs. Gladys Heyser Webb at 1613 Monroe and with L D Heyser, the county treasurer who has been ill for the past two weeks.
MENTIONED IN THIS ARTICLE
San Antonio
J.C. Heyser
Gladys Heyser Webb
Monroe
L. D. Heyser
Verna Lou Singleton Returns to Texas Tech
Miss Verna Lou Singleton daughter of Mr and Mrs E C Singleton of 1511 Crockett departed for Lubbock to resume studies at Texas Tech after a several day visit with her parents.
MENTIONED IN THIS ARTICLE
Verna Lou Singleton
E. C. Singleton
Crockett
Lubbock
Texas Tech
Week End Guests For Lawton Couple In Oklahoma
Mr and Mrs Bill Grant of Lawton Oklahoma were weekend guests of his parents Mr and Mrs W F Grant at 904 Pierce Street.
MENTIONED IN THIS ARTICLE
Bill Grant
Lawton
Okla
W. F. Grant
Pierce
Daily Oil Production Drops In Most States
Daily average crude oil production slipped 8 110 barrels to 4 768 010 in the week ending June 1 led by declines in California Kansas and the Eastern area. Oklahoma and Texas held or rose slightly while Mississippi produced 64 950 barrels and May demand was 53 000 barrels.
MENTIONED IN THIS ARTICLE
Tulsa
Oil and Gas Journal
California
Kansas
Eastern
Oklahoma
Illinois
Arkansas
Louisiana
Rocky Mountain
Colorado
Montana
Wyoming
Texas
New Mexico
Mississippi
Bureau of Mines
Bonuses From Sales of School Lands Boost Texas Funds
In Austin on June 4, land commissioner Bascom Giles announced that bonuses from Texas school land sales would lift the permanent school fund above 100 million dollars for the first time. The state school land board offered 131,151 acres in 69 tracts, including tidewater and river bed classifications in Galveston Bay Turtle Bay and Osa Creek and Nueces Bay. Lease acreage totals 82,149 acres in Matagorda Bay.
MENTIONED IN THIS ARTICLE
Austin
U.P
Texas
Bascom Giles
State School Land Board
Galveston Bay
Turtle Bay
Osa Creek
Nueces Bay
Oil Operator Dies in Tulsa at 74
Linden Wallace Crosbie, age 74, a pioneer in Oklahoma oil operations, died in Tulsa today after a long illness.
MENTIONED IN THIS ARTICLE
Tulsa
Linden Wallace Crosbie
Oklahoma
Death of G. E. Gilmore in Houston Pending Arrangements
Houston June 3 G E Gilmore 80 year old independent oil operator died today funeral plans awaiting.
MENTIONED IN THIS ARTICLE
Houston
U.P
G. E. Gilmore
U S Crude Oil Stocks Rise by 101000 Barrels for Week
The Bureau of Mines reports total U S and foreign crude inventories at 222 214 million barrels on May 25, up 101 000 barrels week. Domestic crude up 270 000 barrels while foreign crude fell 169 000. Daily production 4 759 million barrels, up 8 000. runs to stills 4 857 million, up 101 000.
MENTIONED IN THIS ARTICLE
U. S
Washington
Bureau of Mines
Pan American Pipe Line Announces $750,000 Expansion
Pan American Pipe Line Company disclosed a $750,000 expansion plan to add about 7 500 barrels of East Texas crude daily to Houston and Texas City outlets. The initial move is the July 1 purchase of Central Pipe Line's Quitman Pool to East Texas Field line, stated R Turner, first VP of Pan American.
MENTIONED IN THIS ARTICLE
Pan American Pipe Line Company
Houston
U.P
Pan American Pire Line Company
East Texas
Texas City
Central Pipe Line Company
Quitman Pool
Wood County
East Texas Field
R. Turner
Pan American
Thief With Straight Hair Questioned In Miss Cavazos Case
In Houston an 18 year old with straight hair was questioned after a thief entered Miss Ophelia Cavazos room last night and ripped dresses window shades and bed covers then took a black comb and two hair curlers police reported today
MENTIONED IN THIS ARTICLE
Houston
U.P
Ophelia Cavazos
Standard Outlines Principal Hurdles
Eugene Holman, president of Standard Oil Co. of New Jersey, told the annual shareholders meeting in Flemington New Jersey that replenishing and extending crude petroleum reserves is the top task. He said the current ceiling price on crude, despite a spring increase, does not provide sufficient return to support vigorous exploration to secure future oil supplies. In the first five months of 1946 Jersey's crude production worldwide averaged 1,049,050 barrels per day, up 8 percent from 1945, and refinery runs averaged 1,166,000 barrels per day, up 9 percent.
MENTIONED IN THIS ARTICLE
Flemington
N. J
Standard Oil Co
Eugene Holman
Holman
Jersey
Williams Returns to Texas Tech for Senior Year
Austin Williams 21 son of Mrs R F Ziegler 817 Belleview left for Lubbock to begin his senior year at Texas Tech College. He was recently initiated into Tau Beta Pi national engineering fraternity and elected corresponding secretary for this year.
MENTIONED IN THIS ARTICLE
Austin Williams
R. F. Ziegler
Belleview
Lubbock
Texas Technological College
Tau Beta Pi
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Eee U S Rubbertereenee
Steel
Western Union
Chicago Board
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Associated Press
Ill Cen
Penn RR
St Louis SF
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