Fourth Advance In Row Lifts Stock Averages To Fresh High
New York stock prices rose for the fourth straight session with the industrial average at its highest since April 16. Preferreds like American Power, Standard Gas, and United Corporation gained over a point. several under $5 also advanced. Steel shares held near last close as production officials urged a 10,000,000 ton capacity boost.
MENTIONED IN THIS ARTICLE
New York
U.P
American Power
Standard Gas
United Corporation
Jones & Laughlin
Youngstown Sheet
Atlantic Seaboard
Douglas
Consolidated Aircraft
General Motors
Chrysler
Closing New York Stocks and Commodities Report
The market shows continued recovery in industrials and specials with mixed bond resistance. Widespread but narrow movements across currencies and commodities reflect cautious trading, with utilities driving demand in metals. Chicago wheat and corn fall on weaker milling demand and improved crop prospects while hogs ease and cattle rise.
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New York
Pirm
Dset
Utilities Co
Chicago
Wheat Drifts Down On Milling and Baking Action
Wheat prices eased after a brief advance as milling and baking demand softened. Soybean losses added pressure while traders questioned new grain flow amid loan and marketing quota uncertainties. In Chicago trade results show fractional declines across wheat corn and oats with sharp regional price quotes.
MENTIONED IN THIS ARTICLE
Chicago
Free road information for out of state tourists at Tex border
The Texas highway department announced 14430 dollars was appropriated for maintenance of courtesy stations at Laredo Denison Marshall Gainesville Texarkana Orange Wichita Falls Pecos Tex line Glenrio and Canutillo. Each station is manned by three college students and will operate at 11 o clock this summer.
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Austin
Texas
Highway Department
Laredo
Denison
Marshall
Gainesville
Texarkana
Orange
Wichita Falls
Pecos
Texline
Glenrio
Canutillo
Grain bids steady in Fort Worth market report
Fort Worth notes demand for grain remained slow on June 5. Wheat No 1 hard sold at 1.00 to 1.01 dollars, barley No 2 around 0.46 to 0.47, sorghums No 2 yellow about 1.08 per 100 pounds, corn shelled No 2 white near 0.84, oats No 2 red about 0.34 to 0.35.
MENTIONED IN THIS ARTICLE
Chicago
Kansas City
Fort Worth
Potatoes Mixed as Arrivals Rise in U S Markets
Potatoes arrivals 04 on track 190 with total U S shipments 1 223. Demand fair for California long whites and southern varieties while market softens slightly. California long whites priced at 2 40 50 per cwt U S No 1 Alabama Bliss Triumphs VI 8 No 1 at 2 20 40. Idaho russets firm with U S No 1 at 2 22 4 50.
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Chicago
U. S
California
Alabama
Idaho Russets
Idaho Russet
Burbanks
Chicago Market Report Highlights Mixed Poultry and Dairy Trends
On June 5 in Chicago the market showed unsettled poultry with 34 truck receipts and varied weights for white Rock and Plymouth Rock broilers and chickens. Butter arrivals reached 1,580,776 pounds with a easy market and grade scores ranging from 88 to 93, while eggs totaled 28,035 cases with market weakness and mixed firsts and specials. Cheese quotes include twins longhorns and daisies with percentages around 19 to 20.
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Chicago
White Rock Springs
Plymouth Rock
White Rock
Steer Market Fully Steady Across Western Markets
Kansas City market reports steady to mixed with hogs 2,700 head and cattle 1,230 calves steady to firm. Top hog price $9.20, steers and heifers strong, cows and bulls active. Oklahoma City and Chicago bids show slight declines for hogs and steady cattle tone, with lambs trading higher in parts of the region. Overall, feeders scarcer and demand holding across states.
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Kansas City
Arizonas
Chicago
Indiana
Fort Worth
Oklahoma City
Los Angeles
Federal State Market News Service
Utah
ST. Joseph
Agricultural Marketing Service
Texas
Amarillo Wheat Markets Reported at 0.74 Nominal
Amarillo markets show wheat priced at 0.74 per bushel with receipts totaling 63 cars. The brief notes market activity and supply arrivals in the Amarillo region.
MENTIONED IN THIS ARTICLE
Amarillo
Cotton futures fall amid scattered selling and market notes
New York reports cotton futures slipping a few points on scattered selling amid foreign demand uncertainties and nearby commodity shifts. Spot prices in New Orleans steady to lower with middling about 12.96 cents per pound, receipts 2,464, stock 44,300.
MENTIONED IN THIS ARTICLE
New York
Worth Street
New Orleans
Oil Market Summary From Tulsa Midcontinent Prices Rise
Industrial pressure lifts heavy fuel oil in the Midcontinent with three grades up five cents per barrel. Natural gasoline remains strong. other products show varied movement as refinery prices for wholesale tank car lots are listed with F.O.B. refinery figures.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
U.P
Mid-continent
F.O.B
Oklahoma
U. S
Metals Prices Report From New York Exchange
Copper steady at 12.00 spot and 11.00 export in New York. Tin steady at 52.25 spot with 52.10 forward. Lead steady at 5.35 New York and 5.70 East St. Louis. Zinc at East St. Louis 7.25 spot and forward.
MENTIONED IN THIS ARTICLE
NEW York Metals
New York
Fas
Boston Wool Market Report Shows Slow New Business
In Boston on June 5, 7, the wool market opened slowly with rare inquiries from mills new to contracts. Prices for original bag fine territory wool ranged from 1 to 1.03 per pound, scoured. Quarter blood territory wool sold mostly 64 to 87 cents, scoured. Combing three-eighths and quarter blood bright fleece sold at 46 to 47 cents grease, with slow sales.
MENTIONED IN THIS ARTICLE
Boston Wool
Boston
U. S. Dept
Territory
Capt Frank Hainze Attends Officers School
Capt Frank J. Hainze of the Santa Fe Railroad engineering department in Amarillo was among three officers of the 142nd Infantry sent to the Battalion Commanders and Staff Officers School at Fort Benning Georgia on Tuesday during the Thirty-Sixth Division’s federal service induction.
MENTIONED IN THIS ARTICLE
Brownwood
Frank J. Hainze
Santa Fe Railroad
Amarillo
142Nd Infantry
Fort Benning
Morgenthau regrets House rejection of excess profits tax
Secretary Morgenthau voiced real regret over the House Ways and Means Committee rejection of the treasury excess profits plan. He urged that Congress may adopt a similar scheme in the future as defense needs grow and stressed that corporations should contribute a liberal share of profits to support national defense.
MENTIONED IN THIS ARTICLE
Washington
Morgenthau
House Ways and Means Committee
the Treasury
Congress
Treasury
House
Hearing on Freight Rates Set for July 10 in St Louis
Oklahoma officials report the Interstate Commerce Commission will hold a July 10 hearing in St Louis to study possible freight rate reductions in Southwestern states. The session will cover national resource rates including petroleum and products and assess rate scales for potential discrimination.
MENTIONED IN THIS ARTICLE
St. Louis
Oklahoma City
Reford Bond
Oklahoma Corporation Commission
Interstate Commerce Commission
ICC
Southern Conference of Governors
Bond
Corporation Commission
ICL
Lc.c
Gulf Ports May Be Used To Ship Oil East Instead Of California
Secretary Ickes said he would meet oilmen to discuss moving oil from Gulf Coast supply points to the East to save tanker space. He noted California shipments could be reduced, drawing more from Texas and Louisiana, with no definite effect on total field production. A policy push urged faster pipeline construction and use of existing transport to avert shortages.
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Gulf Ports
California
Washington
Ickes
Gulf Coast
East
Panama Canal
Gulf
Texas
Louisiana
OPM
Eastern Seaboard
Austin
U.P
U.S
Harold Ickes
Olin Culberson
Texas Railroad Commission
Atlantic Seaboard
South American
Southwest
Oil pipeline plans to ease crude shortages amid war demand
Proposed broad network includes a 24 inch Texas to New York line at about 70 million dollars, delivering 250000 barrels daily. A parallel 20 inch line for fuels would cost the same, with 225000 barrels daily. A Baton Rouge to Carolinas line could be ready by July 1942 if right of way obstacles are cleared.
MENTIONED IN THIS ARTICLE
Texas Fields
New York
Baton Rouge
New Orleans
Georgia
South Carolina
North Carolina
Amazing tonics promise vitality and digestive relief
Advert says 8.8.8 Tonic improves looks and vitality by reviving stomach juices and red blood cells. Claims describe relief from sluggish digestion, underweight, and illness, with notes on achieving stronger health and a rosy complexion.
Marginal Wells Redefined in Texas Senate Panel
The Texas Senate oil committee reported favorably on a House passed bill by Rep. Clayton Bray of Longview to redefine a marginal oil well. Bray said the bill would allow gas lift instead of sucker rod equipment to boost production.
MENTIONED IN THIS ARTICLE
Austin
Oil Committee
Texas Senate Today
House
Clayton Bray
Longview
Bray
Johnny Hyden Plays Friar Tuck in Robing Hood Show
In Pauls Valley Oklahoma Johnny Hyden, a grade school pupil, is cast as Friar Tuck in a Robin Hood presentation. During rehearsal he jokes about what a friar does, claiming friars eat chicken, prompting a learning moment from the teacher.
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