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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 06, 1956
Page
10
The market opened with a pallid tone but improved through the session, closing fairly steady. Most price changes were fractional as brokers watched activity on a total of about 1.65 million shares.
Miss Nettie Sims of the Farmers Home Administration in Clarendon received a superior service award from Secretary Ezra Taft Benson in Washington. The citation praised her efficiency in county office duties ensuring prompt service to borrowers. Also honored was Walter Y. Wells for leading a regional agricultural radio program that serves 51 counties on the South Plains.
New York June 5 Dow Jones closing averages show gains with 30 industrials at 483.19 down 0.08 and 65 stocks up 0.02 as trading rose to 1,500,009 shares. Houston Oil shares jumped when issued to 44 after a liquidating dividend, with60.
Grand Rapids veteran Micha Leonard P. Brown, 85, earns a badge of merit for 50 years in the Brotherhood of Locomotive Engineers. Brown joined BLE in 1906 after starting with Chesapeake & Ohio, retiring in 1939. Nearby, artist John James now operates two barges for tourists on Paddington Basin in London.
Advertisement touts Dr. Pierce's Golden Medical Discovery as relief for gas pains heartburn and indigestion claiming many found relief. It promotes liquid or tablets available at druggists.
The Amarillo Merrill Lynch office furnishes closing quotations with a long list of stock names and percent changes, including Am Allied Chemie 114, Chrysler 60, Am Airlines 24, Gen Electric 7, Dow Chem 68 1/4, Ford 52, U S Steel 54, Penn RR 24, Texas Co 128, Motorola 42, Motorola 42, Phillips Pet % and many other issues.
Grains closed irregularly with only wheat and rye posting gains across all contracts. Corn and soybeans mixed, oats steady to fractionally lower, and lard futures up modestly. Aced by mill bidding for bread grain and a private winter wheat forecast by C M Galvin, with government estimates slightly higher.
New York cotton futures drifted irregularly in extremely slow trading as liquidation and hedging lingered through spot buying. Uncertainty over export policy and weak textile demand kept the market dull with late prices 20 cents to 10 cents per bale apart from the prior close. Futures ended 5 to 30 cents higher than yesterday.
South Korea’s Reconstruction Ministry says the United States has added 25 million dollars in economic aid for the 1956 fiscal year, raising the total to 329 million dollars. About 400 million more is allocated for military purposes.
A masked gunman robbed Reginald Fitzgerald on his doorstep taking 10 dollars then entered the home of Walter and Robert Quasthoff on a rear porch awakening the brothers and their parents. He removed a star from Policeman Quasthoff's clothing and took 24 dollars before fleeing quietly.
Eugene, Ore. announces an anti sunburn pill that allows tanning without burning and without oils or creams. The pill, taken two hours before sun exposure, contains 8 methoxypsoralen a chemical linked to research on skin cancer defenses.
About 1,200 cattle and calves sold at Amarillo auction. Stocker and feeder classes dominated. modest gains in slaughter stock with price rises to 50 cents in places. Utilities and canners weak. cows and bulls light in supply. Fort Worth, Kansas City and Oklahoma City markets noted with mixed results.
Honolulu report credits Hawaiian royalty with shaping modern music through melodies and falsetto. Queen Liliuokalani composed Aloha Oe while her brother King Kalakaua authored numerous songs, highlighting royal influence on the islands musical heritage.
U S Army engineers report successful tests of a tripod mounted extinguisher that sprays a high pressure white foam to smother arctic fuel fires. The device addresses equipment failures in 40 below zero conditions where hoses crack and foam freezes.
London announces a retrenchment plan reducing the consumer subsidy from 104 million dollars to 56 million. The change raises the price of milk by about one cent per quart while leaving school milk and welfare milk programs intact.
London reports the United Kingdom GDP reaching 16.634 billion pounds in 1955, up 865 million pounds or about 5 percent from 1954. GDP also climbs about 6 percent to roughly 942 million pounds in the same period.
Mort Berry, formerly a Philadelphia sports writer, was named public relations director for the Phillies today. He succeeds Bill Dooly, who recently resigned.
Philadelphia report cites two editors as saying today’s kitchen must be efficient and time saving. Eye level cabinets sliding shelves adjustable open grills and lazy susans improve accessibility. Women prefer not to climb and designers respond with ovens and refrigerators at eye level.
Cleveland reports a new fluorescent lamp with lengthwise grooves along one side, increasing the lighted surface and claimed to double light output compared with existing tubes of equal length. The developers say the tube design reshapes light emission for greater efficiency.
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