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Newspaper

Amarillo Daily News

Location

Amarillo, Texas, United States of America

Date

Jun 06, 1934

Page

6

Wheat Prices Surge After Lower Estimates Spark Rally

USDA estimates for 1934 spring wheat yield fall short in key states triggering a broad market rally. Reports of 50 million bushels anticipated in the Dakotas and Minnesota and late rains boost futures and corn gains, while oats hit limit and cotton and textile markets show mixed activity in New York. Santa Fe approves 2.59 dollar preferred dividend amid historical payouts and record dates.

John Boughan Associated Press Chicago United States Dakotas Minnesota

Grain quotes and cash markets for wheat and corn

Chicago and Fort Worth cash grain markets report mixed quotes. Wheat prices blend No. 1 hard and hard varieties while corn shows No. 2 white and yellow ranges. oats and barley also listed with various grades and delivery points.

Chicago Fort Worth Texas Gulf Ports

Amarillo Grain Market Prices and Livestock Rates

Local grain houses post prices for wheat No 1 hard oats barley and millet plus turkey capon and live poultry values. The Amarillo market lists grain receipts and carload lot pricing at Texas common points with fresh eggs and poultry rates included for 1934.

Texas Leghorn Springs

Fragmented OCR Stock and City Codes Across Nations

A compressed string of foreign language labels and railway and corporate abbreviations appears with scattered numbers. The text mentions Argentina Austria Germany Italy Japan and American chemistry notes alongside domestic codes like Pac Gen and Nat Dairy with unclear context.

Ig Chem Am Ovsnices AFT & T Ches. Corp C &O Eras Nat Dairy Cscreesseesess Ssr PHI Pet

Steady Prices Across Midwestern Livestock Markets

Cattle receipts across 11 markets run about 39 000 head versus 31 452 a year ago. Heavy cows and feeder classes hold steady to firm, hogs largely steady to 10 cents higher on heavier weights, and lambs unevenly weaker at several centers. Kansas City Chicago and Fort Worth reports show varied gains and price ranges for steers, heifers, and stockers.

Midwestern Livestock Review Kansas City U. S. Dept. Agr Chicago

Livestock market report from Los Angeles June prices

Hogs about 200 head steady with good quality hogs at 158-162 lb from Kansas briners around 4.15 per cwt. calves 450 slow near steady with 124 lb animals noted. Montana steers around 6.10 with 121-125 lb steers at 6.00 and bulk common to medium steers 4.25-5.28. cows 4.75 and 2.50-3.50 for lower grades. calves veal 145-200 lb quotable to 7.25, good calves 6.50-6.75. sheep steady to strong with lambs quotable 8.75-10.00.

Los Angeles Cal U.S. Dept Famba

Omaha Livestock Market Report Highlights Hogs Cattle and Sheep

Omaha Neb June 6 Hogs 14 000 market higher top 3 95 bulk 3 100 3 80 Cattle 3 000 market steady strong teers 7 75 4 50 4 5 7 45 year top 4 40 Sheep 5 000 fat lambs opened slow fully 2c lower yearlings dull tending lower sheep week few early sales tend toward natives 9 00 down range lambs and fed Californias above 6 00 short breeding ewes 1 85

Fort Worth Omaha Neb

Denver Livestock Market Roundup June Report

Denver cattle market shows steady to higher trends with about 900 head. Calves up to 1.00 higher. beef steers 4.2 to 5.64. cows and heifers 200 to 5.64. calves 400 to 7.005. feeders and stockers 2.10 to 1.00. bulls 2.00 to 3.28. Hogs steady to higher with top 3.4. sows 1.75 to 2.69 and 1.00 to 1.25. sheep 7.200 and steady to lower with few early sales.

Kansas City Livestock Kansas City Denver ST. Louis St, Louis U. S. Dept

Rallies in Cotton Force Prices Up Almost $1.50 Bale

Market rounds across livestock and produce with hogs cattle and calves showing varied moves in St Louis and Amarillo. Cotton prices jump on New York and New Orleans reports amid favorable weather, yields, and stock changes.

General Move to Higher Values on Principal Issues

Stocks advance on inflation influenced buying across markets led by metal, sugar, tobacco, and farm equipment shares. Union of gains across indexing issues pushed volume to 741,160 shares as grains rebound and commodities rise, with notable moves in Allied Chemical, Santa Fe, Case, GE, Chrysler, U S Steel and others.

Frederick Gardner Associated Press New York Stock Exchange Sud Allied Chemical Santa Fe Case American Telephone American Tobacco B Bohn Aluminum & Brass Chrysler General Motors General Electric Ilinois Central Delaware & Hudson Nash Motors Montgomery Ward Sears Roebuck U. S. Rubber Goodyear U. S. Steel Common Additiin Chicago U. S Wall Street Washington News Senate Silver Bloc

Markets In Brief from New York and Chicago

Markets in brief report mixed gains and losses with stocks firm and metals rallying while foreign exchange shows irregularity. Wheat rises on sensational damage in the northwest and government relief purchases support corn. cattle and hogs firm with tops noted. Sugar remains steady as Cuban support appears. coffee eases on selling.

New York U. S Chicago

Stocks in Spotlight: 15 Top Movers in New York Trade

June 5 report lists 15 most active stocks with closing prices and net changes. Chrysler up 1, Gen Motors up 1, S Steel up 4, Int'l Nickel up 1, Loew's up 1, Du Pont up 7, Dome Mines up 4, Sears Roeb up 1, Gen Elec up 4, Kennecott up 11, Sea Pacific up 1.

New York Chrysler Gen Motors S Steel Monte Ward Int'l Nickel Loew's Nat. Dairy Prod du Pont de Nem N. Y. Central Dome Mines Sears Roed Alaska Junean S. Gen Elec Kennecott Sea Pacific

Metal market report from New York copper tin lead zinc and antimony

Copper steady at 32.50 in New York spot and futures. Tin soft with spot and nearby at 51.50 and 5IAB futures. Lead quiet with New York spot 4.90 and East St. Louis 2.85. Zinc down with East St. Louis spot and future 4.25. Antimony spot 5.50. Tren steady and unchanged.

New York Blue Eagle Future East St. Louis

Galveston Spot Cotton Prices and Details

Galveston spot cotton prices were steady with 30 up. Listed values include Siow ordinary 9.40 and middling 12.30, with different grades and a F. O. B. price of 250. Sales spots were none.

Galveston Siow

Liverpool Cotton Market Summary June 5

Spot cotton in fair demand with prices up three points. American base values include 200 at 7.04 for strict good middling and 6.74 for good middling, with other grades quoted from 6.04 to 6.84. Futures closed steady: July 6.18, October 6.11, December 6.08, January 6.98, March 6.09, May 6.10.

New Orleans Liverpool Galvestos Houston New York Dee U.P Jane Aves Associated Press Galveston Mobile Savannah Charleston Ptar Wilmington Norfolk Baltimore Boston Eataeee Corpus Christi Memphis Augusta St. Louis Fort Worth West Little Rock Dle Sane Atlant Dallas Wees Montgomery Orn

Cottonseed Prices in Fort Worth and New York Oil

Western Feeders Supply Co reports cottonseed quotes in Fort Worth Texas for June with ranges from 10.06 to 26.00 per ton across hulls pressed seed and meal. In New York bleachable cottonseed oil prices closed steady with July at 5.26 and September 5.50 to 5.75 for later contracts.

Fort Worth Western Feeders Supply F. O. RB Texas Mills New York

Sugar and Wool Market Roundup From New York and Boston

New York sugar closes at 2.72 with 24 500 tons traded including 15 090 in exchanges. Philippines near 2.73 and Puerto Rican June 25 at 2.78 while 40 000 Puerto Rican June shipment at 2.75 to an outport refiner. Refined price steady at 4.10. Boston territory wools quoted unchanged with limited sales and firmer medium grades. Strictly combing 56s fleece at 32 to 33 cents grease. 58s-60s half blood around 80 cents grease.

Oe Howe Sound Hupp Motor Inter Inter Hydro Elec Aly A Inter Tel & Tel Johns Many Ae Kan City South Kelvinator Ee ‘ Eeee Kennec Kresge (S BOM I Ligg & Myers B Lorillard (P Fered Louis & Nash RIM Louis Gas & Elec A Mack Trucks Magma Cop Seeee McKees Tin Miami Midland Steel Tee Monty Ward Oh Murray Corp Nash Motors Nat Steel P Pac Gas & Elec Packard Motor Hity Penn & Ford Hi Penney SAM Bam Pullman Eae Radio Corp Repub Steel Tee Rey Toh Bee Aaly Royal Dutch Aee Aay Seaboard UN Pacific Aire Tee Ee Uni Gas U S Us Indus Alch Us Steel Colfeey Vanadium Corp OM Woolworth A Amerada Corp Wright Aero Amer Can Ty Wright Teane Amer Car & Fdy Amer Amer Internat Amer Loco NEW York Carr Amer Metal Amer Rad & St Amer Maracaibo Amer Roll Mill Ae Amer Superpower Amer Smelt & Ref Cies Amer Steel Elee Bond & Sh Amer Sugar Rex Ford Motor Ltd Amer Tel Amer Tobacco Midwest Util Kentucky T&s F Atlant Refee Auburn Auto Wee Aviat Corp Nee Baldw Ball & Ohio Eens Liberty Barnadas! Or Wees Ist Hendix Aviateee Treasury Rethle Steenenee Bohn Alumi Oe Barden Ha Wenere Ames Briggs Mfg Tilly Baye Burr Calif Pack Blas Calu & Hecla Pecenarve Cerro de P Chesap Corpenence India P&p Cri&p A Chrysler Motor Au Prey Colo Fuel & Iron Columbas & Elec Comnwith & South Cong Nairn Standard Statistica Co Curtih "Wright Esate du Pont Eastm Kodak Eaton Mfg Wees Elec Pow & Lyt Fox Film A Freeport ‘Tex Sul Tener Gen Foods Electric Gas & Elec A Mills Etree Seecesese NEW York Sugar New York Rawengar Boston U. S ND. A Ohio

Market Notes on BAR SILVER in New York

In New York June and 4s, bar silver shows steady trade with a rise of 4 points to 44 percent. Traders note cautious appetite as exchanges report modest gains and limited volatility in the silver market.

New York

Oil unions sign one year labor pact in 1934

Sinclair Oil and the International Association of Oil Field Workers announce a one year agreement effective June 1 1934 establishing no strikes or lockouts during the term. Disputes settle by arbitration with clauses for vacancies vacations overtime pay and other terms.

New York U.P Sinclair Oil Companies International Association of Oil Field

Oil union optimism as Consolated Oil action noted

In Fort Worth on June 5 delegates from the International and Refinery Workers of America, about 400 members, meet at the sixth biannual convention. They hope other major oil firms will follow Consoli dated Oil Corporation in recognizing their union, creating an atmosphere of optimism.

Fort Worth U.P Consolidated Oil Corporation International Association of Oil Field, Gas Well and Refinery Workers of America

New York Money Markets Stand Pat on Rates

Call money steady at 1 percent all day. Time loans for 60 days to 6 months unchanged at 4 to 1 percent. Prime commercial paper at 44. Bankers acceptances unchanged. Rediscount rate at the New York Reserve Bank remains 1 and one quarter percent.

NEW York Money New York New York Reserve Bank

Foreign exchange rates listed in New York markets

New York June 5 Foreign exchange irregularities show British pound at 6.04 dollars and 5.04 cables, with various international currencies quoted. Demands include Belgium 23.36, Germany 37.75, Sweden 26.00, Japan 30.06, Shanghai 82.75, Mexico City peso 28.00, and Montreal 100.311 in New York terms.

Foreign Exchange New York Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Finland Switzerland Spain Portugal Greece Poland Czechoslovakia Jugoslavia Austria Hungary Rumania Argentine Brazil Tokyo Shanghai Hongkong Mexico City Montreal

New York Coffee Prices Slip on Trade Activity

New York June 5 Coffee ends lower as traders sell in end of session. Santos contracts lead declines with July at 10.85 and Sept at 11.22 while No 7 futures retreat to 8.38 for July and 8.45 for September. Spot quiet with Rio 7s at 104-44.

New York Trade End Commission House Santos Rio

East Texas oil output tops half million barrels on June 1

East Texas field production neared 500 000 barrels daily as of June 1 with 13 408 producing wells up from 13 061 May 2. State proration totals 1 055 724 barrels daily with East Texas share at 497 611 and daily allowables adjusted as new wells complete.

Austin East Texas Oil and Gas Division The Texas Railroad Commission Gulf Coast East Central Southwest West Texas North Texas West Central Panhandle

Borger Delegates Attend Oil Field Workers Union Meet

Three Borger delegates attend the International Association of Oil Field Gas Well and Refinery Workers of America convention in Fort Worth. The group includes T. J. Bressler president of the Texas Federation of Labor and head of Local 236 E. T. Wall secretary of Local 236 and E. V. Dalton.

Borger International Association of Oil Field, Gas Well and Refinery Workers of America Fort Worth T. J. Bressler Texas Federation of Labor E. T. Wall E. V. Dalton

Union Triumph and Tension at Convention Rounds Out Day Two

The convention closed its second day with Consolidated’s action announced yesterday and echoed from Washington by William Green of the AFL. Delegates hailed gains in recognizing the union after 17 years while criticizing Harold Ickes for slow acknowledgment of communications. Dr. E. A. Elliott urged NRA harmony and economic relief through worker wages, praising Harry F. Sinclair for paving broader recognition.

Consolidated Washington, D. C William Green American Federation of Labor Harold Ickes Ickes Harvey C. Fremming NRA Harry F. Sinclair Consolidated Group E. A. Elliott NRA Compliance Board Houston Dr. Elliott Texas Christian University Elliott

Dallas Youth Dies After Shooting During Police Evasion

A 20 year old, Eric McClellan, and a companion tried to flee police who wanted to question them. McClellan died from a gunshot wound inflicted by a detective during the attempted escape. The incident occurred Friday and was reported today from Dallas.

Dallas U.P Eric McClellan McClellan

Drop in US crude oil output reported for week

Oil and Gas Journal data show a 35 126 barrel drop in the weekly average crude oil production across the United States for the week ended June 2. Largest declines occurred in the Oklahoma City and Seminole St Louis fields as the table of production was released.

Tulsa Okla United States Oil and Gas Journal Oklahoma City Seminole-St. Louis

Jersey Standard Earnings Run About 3.5 Million Monthly

New York June 5 U P Current earnings of the Standard Oil Company of New Jersey average about 3.5 million dollars a month matching the last half of 1933. W S Farish chairman told stockholders at their annual meeting the company operated at a loss in the first half of 1933 but net profit for the full year stood near 25 million dollars about 97 cents a share. Stockholders approved a 3 member reduction in the board after retirement of directors in Europe. Retiring directors J A McWinckle H G Seidel resigned April 7 1934 and Peter Hurll retired May 16 due to ill health. Other directors were reelected.

New York U.P Standard Oil Company of New Jersey W. S. Farish Europe J. A. McWinckle H. G. Seidel Peter Hurll

Rattler Found Among Home Canned Fruit in Montana

The Starr family in Gardner Montana reported a rattlesnake found in their basement among jars of home canned fruit. Mrs Starr discovered the eight button rattler while retrieving a jar, prompting concern and caution in the household.

Rattler Gardner Mont U.P H. L. Starr

Colorful cross stitch warms summer decor

Laura Wheeler notes colorful cross stitch is popular in warm weather. The narcissus design lends itself to table linens cushions and other room decor. options include single or multi color work on light or dark fabrics. Pattern details and materials offered by Amarillo Daily News Needlecraft Dept.

Amarillo Daily News Eighth Ave New York N.Y

Also Mentioned on This Page

Atchison, Topeka & Santa Fe Railway Company Fisenreer Milo Nak Amarillo Markets Sudan Amarillo Fs E Ae Dati Seeweeees Tike Eveewes Esceenseesscceeres Presibeenis Italian Tesseeses Sabes Chicago Livestock U.S al Amarillo Pinkney Packing Company Idaho NEW York Stock List Coton Hal Curbs Exchange Hiram National Bellas Hess Pioneer Gold Wright Hargreaves Bunker Hill & Sullivan National Rubber Machinery Sherwin Williams Standard Oil of Indiana Imperial Oil of Canada American Cyanamid Oil Union Harry Sinclair NEW Order Sinclair Step H. F. Sinclair R. H. Stickel International Association of Oil Field, Gas Well and Refinery Workers Atlantic Coast Rocky Mountain Mississippi Valley Nevada Nebraska Oklahoma Louisiana Abilene Tex Boise Brownsville Ill Cincinnati del Rio Senna Colo Des Moines Detroit Dodge City Kan Edmonton Can el Paso Bureks Havre Helena Huron D. Ste S Fila Jacksonville Kamloops Minneapolis Minn Minnedosa Modena Utah Montgomery Ala Nashville Tenn North Platte Phoenix Ariz Portland Ore Pueblo Rapid City Roswell N. M Salt Lake City San Antonio San Francisco Sheridan Shreveport Wee Springfield Peewee Washington Benes Wichita Williston Winnemucca Texas Panhandle Central Arkansas Jersey Standard Jume of Nathar Hale Brankfort Almanac Ing Iice Laura Wheeler
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