Deep Test in Reagan County Boosts Oil Prospects
Deep drilling on a 194000 acre block owned by the University of Texas shows slight oil in Big Lake Oil’s 6528 foot test. The rig now runs at about 6600 feet and aims for the 625 foot stratum, where Texan Oil and Land’s well has produced heavily. The Texas field’s deep stratum drives industry interest and a 24 hour record of 2597 barrels. Gas flow reached 28815000 cubic feet daily via a casing head line plant. Industry expects another crude price rise, with Colorado Springs tariff politics seen as a potential factor. Next Monday’s conference may signal shortages and price moves.
MENTIONED IN THIS ARTICLE
Reagan County
University of Texas
Big Lake Oil Company
Texan Oil and Land Company
Marland Oil Company
Hoover-Wilbur Commission
Colorado Springs
Oil Field Updates From Gulf and Oklahoma Headlines
Gulf Production No 1 Boyt near Anahuac Texas expected to finish today after drilling below 2,600 feet. Emmett O Boyle leases eight acres to Harvey Smith Inc for six months at 150 dollars per acre. Gulf Refining completes No 68.6 at Vin ton flowing 600 barrels. Olson No 4 in Wichita Kansas rated best new producer in southeast Sumner at 2,000 barrels daily. Marland Gypsy Bu Vi Bar No 4 Corr to hit Wilcox pay sand. Indian Territory Mlumination No 1 Trosper gauged at 2,000,000 cubic feet wet gas with 15 barrels gasoline hourly. Seminole area shows decline in total production though two new wells completed. St Louis pool largest producer with 88,579 barrels from 360 wells. Other pools listed with daily outputs.
MENTIONED IN THIS ARTICLE
Emmett O'Boyle
Humble
Joy Survey
Harvey Smith, Inc
Cullen
West
Humble Field
United Press
Wichita, Ken
Olson
Prairie Oil & Gas Company
Sumner
Oklahoma City
Indian Territory
Mluminating Oil Company
Seminole
St. Louis
Earlsboro
Little River
Seminole City
Searight
Carr City
Maud
Mission
New York Copper and Metals Markets Report
New York metal prices show copper quiet with steady electrolytic spot and futures. Tin remains firm at 43.75 spot and 44.25 futures. lead steady around 7.00 in New York and 6.89 in East St. Louis. Zinc steady with Brest St. Louis spot and futures at 6.55 and 6.60. Antimony at 6.87.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Brest St. Louis
Scouts Report Camp Starting Off Fine
Boy Scouts began a four day outing at Heppy Glen club grounds with all in fine shape. They spent the afternoon preparing the camp and gathered around a central campfire to tell stories. Camp director Marvin J. Paul said visitors are welcome this evening from 6 to 9.
MENTIONED IN THIS ARTICLE
Heppy Glen Club
Marvin J. Paul
Oil giants seek control via national conservation plan
Oklahoma City June 6 Major oil companies are accused by the Independent Oil and Gas Association of Oklahoma of trying to dominate the industry through a nationwide conservation policy. W. E. Wood and R. D. Pine say Colorado Springs talks show plans to gain control and shut down domestic oil, with duty free imports to spur a flash market and an emergency to halt production.
MENTIONED IN THIS ARTICLE
United Press
Oklahoma City
Independent Oil & Gas Association of Oklahoma
W. E. Wood
R. DP. Pine
W. B. Pine
Colorado Springs
Texas Firm Expands 10 New Operations in Gray County
The Texas company, a major Gray County lease holder, launches ten new derricks across the county. Key sites include Nos. 12 and 1% Saunders near J. G. Eustice survey, No. 11 Saunders in B. & B. survey, No. 2 Coombs-Worley near I. & G. N. survey, and offsets to Phillips Palmer No. 3. Additional wells cover Bow ers 8 and 9, Jackson 1, Patton-Purviance 3, and Archer 1 in various blocks.
MENTIONED IN THIS ARTICLE
Texas Company
Gray County
LeFors
G. H. Saunders
Saunders
Coombs- Worley
G. N
Phillips Petroleum Company
Palmer
Bowers
Jackson
Archer
West Amarillo Christian Auxiliary Ends Second Year
The West Amarillo Christian church Auxiliary concluded its second year with strong attendance and progress reports. New officers were installed by Rev. G. C. Schurman, retiring president Mrs. J. P. Carter received a silver cake plate, and members pledged to earn a dollar each, presenting verses and readings, a piano duet, and a skit before a lunch. An additional note mentions a Berlin periscope market development for automobile drivers.
MENTIONED IN THIS ARTICLE
West Amarillo
H. E. Tyler
McDavid Cousins
Midwestern hog prices rise on light receipts across markets
June 6 reports show curtailed hog receipts boosting prices across the 11 market circuit with strong weight category leading gains. Chicago and St Louis tops reached $11, while totals compared to last year show large declines. cattle and lamb trends varied with firm to higher hogs and steady to lower feeders, tying gains to tighter supplies.
MENTIONED IN THIS ARTICLE
Midwestern Livestock Review
Kansas City
St Louis
Chicago
Livestock Prices Fall at St Joseph Market Report
St Joseph Mo June 6 Livestock cattle receipts 1200 calves 200 beef steers and yearlings steady with most 13 50 14 00 two loads choice 10 50 11 00 lb steers hog receipts 7000 fairly active bar higher top 10 70 bulk desirable 170 250 lbs 10 50 10 66 most 260 300 lbs 10 80 10 55 heavier kinds down to 10 15 sheep receipts 6500 slow opening sales native lambs and aged sheep steady odd lots native lambs 14 00 14 75 bid 15 25 for carrot natives fat ewes 6 00 down.
MENTIONED IN THIS ARTICLE
Chicago
Fort Worth
Searlings
ST. Joseph
United Press
Denver
Colo
Wichita
Kans
East ST. Louis
Stock Market And Commodities Roundup Riverside Markets
Denver and Wichita cattle hog and sheep receipts show steady to higher prices across livestock classes with calves fat lambs and feeder steers in demand. New York cotton goods and raw silk markets show firm tones while financials note steady call money and mixed bond and currency activity.
Boston wool market shows slight price ease on Ohio fleece wools
Boston on June 6 reports several grades of combing Ohio fleece wools selling at slightly easier prices. Delaines 64s and finer wools offer at 40 cents in grease for solid rate with slow demand. 58s 60s bulk run 43 to 44 cents, 66s firm at 44 to 465 cents in grease, 48 50s 42 to 44 cents, with sales of 56s and 48 50s being graded from recent country purchases for future delivery. A robin attacked its reflection in Himer Robbins's cellar window at Winstead Connecticut.
MENTIONED IN THIS ARTICLE
Boston
Ohio
Markets in Brief summarizes trade across exchanges
Markets in Brief reports New York stocks rising with Strone and Erie up and domestic issues improving. It notes irregular but firmer foreign exchanges with sterling stronger, cotton higher despite weather, sugar steady with Cuban support, and copper erratic as trade sells. Chicago wheat firm on export demand, corn up on Illinois crop signals, and cattle and hogs higher in early trading.
MENTIONED IN THIS ARTICLE
New York
Strone i Erie
Commonwealth & Southern
Chicago
Illinois
United Press
STOC
United Dress
Erie Common
Standard Gas and Electric
Public Service
New Jersey
Consolidavnt Gas
Steel
General Motors
Radio
General Electric
Westinghouse
Motors
Hudson
Ticker Talk and Market Commentary Roundup
Whitney's stock letter reports cautious optimism for rails oils and utilities with continued liquidity. Buy recommendations include F and Royal Baking Powder stock targets, plus Pan American Atlantic Refining andElectric power and light. Market notes highlight farm weather shifts, Hoover speech impact, and outlook for key industrials like General Motors and United States Steel.
MENTIONED IN THIS ARTICLE
New York
Royal Baking Rowder
Royal Baking
Anaconda
Kenniecott
New York Central
Erie
Electric
Oila
Pan American
Atlantic Refining
Continental
Motor
General Motors
Murray Body
Alexander Industries
Marconi International Marine
Amarillo Markets Quoted Prices From Local Produce Houses
Local Amarillo markets list prices for poultry eggs and meats with heavy hens at 25 per lb and various birds, plus grain values from Great West Mill and Elevator and Amarillo Grain and Coal company. Chicago market notes include butter, poultry, cheese, potatoes and assorted items with receipts and price ranges.
MENTIONED IN THIS ARTICLE
United Press
Denver
Colorado
New York Cotton in Sharp Rally on Weather Report
New York trading opens with a sharp cotton rally as buyers absorb late declines on weather concerns in the south. Oct advances to 18.99, July up to 18.79, Dec to 19.11, with contracts closing higher amid active demand and improved Western and Wall Street buying. Port receipts reach 2,396 bales. U S port stocks total 1,029,015.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Liverpool
India
China
U. S
N. Y
V.eeses
New Orleans
Good Western
Stocks Drift After May Decline With Merger Rumors
The market paused after late May losses with light volume and mixed gains in food and rail shares. Utility stocks rose as investors eyed reserve statements and possible easing, while merger chatter spurred talk of Tobacco, Johns Manville, and Tidewater Oil among others.
Stock Loans Decrease as Banks Report Week Results
Washington June 6 Loans on stocks and bonds to brokers and dealers by reporting federal member banks in New York City fell by 4 million to 5.284 billion for the week ended June 5. Comparison figures show 5.288 billion on May 29 and a high of 5.739 billion on March 20, with 4.563 billion on June 6, 1928. Turpentine and rosin prices and daily weather summaries follow from Savannah and other Georgia locations, noting steady turpentine, firm rosin, various quotations, and scattered weather conditions from Macon to Shreveport.
MENTIONED IN THIS ARTICLE
United Press
Washington
New York City
Relief Reports Keep Wheat Deals Active on Chicago Market
On June 6 Chicago wheat traders were buoyed by farm relief reports and a looming Hoover message to Congress. Prices rose up to 5 percent before profit taking pulled values back. Fort Worth cash grain showed strong demand with exporters bidding up to 1.09 for No 1 ordinary hard and mills varying bids by protein content. corn and oats followed with modest gains and steady demand across grades.
MENTIONED IN THIS ARTICLE
Liverpool
Province of
Santa Fe
Kansas
Oklahoma
Wichita
Hoover
Congress
Winnipeg
Kansas Weekly
Rye
Seaboard
Chicago
Fort Worth
Gulf Ports
Texas
Cash Grain Prices and New Orleans Market Notes
Chicago cash grain closes show corn mixed with No 2 at 8.5 to 8.9 cents, No 3 at 87 to 88 cents, oats around 48 to 45 cents, sample grades varied. New Orleans market reports quiet trade with rough rice unchanged. receipts 4,040. bran and polish steady. overall activity subdued.
MENTIONED IN THIS ARTICLE
United Press
Chicago
Dune
New Orleans
Rica
Also Mentioned on This Page
TEXON
Discovery Well
Wilbur
Houston
Gulf Production Company
Boyt
Anahuac
Liberty County
Gulf Refining Company
Vinton, la
Wright
Sedgwick County
Graham Brothers and
Barneda Oil Corporation
METAL
Standard
SHELL
Gray CO
West Amarillo Christian
Berlin
Mid-West
Chicago Livestock
Oklahoma Livestock
Denver Livestock
Wichita Livestock
ST. Louis Livestock
Wool Institute
Japan
Calcutta
la Prime
Liberty
Treasury
Foreign Exchange
Great Britain
France
Italy
Belgium
Germany
Tokyo
Montreal
Himer Robbins
Winstead
Conn
Jno
F. Clark CW
E. Henderson
Amarillo
Whitney
Far East
FE. F. Hutton
Hornblower
Weeks
Halle and Stieglite
Tobey
Kirk
Royal Baking Powder
United States Steel
American Car and Foundry
Pow Jones
Louis Phillipe
Hartford Fire Insurance Co
Pacific Telephone & Telegraph Co
Middle Dome
Kettleman Hills
California
Adams Millis
Amarillo Markets
Great West Mill and Elevator
Amarillo Grain and Coal Company
Johnson
United Preas
Young Americas
Alabama
Arkansas Irish
North Carolinas
Wisconsin
Idaho
Russeta
Denver Produce
Rio
Santos
Santes
Spot Coffee
Dull
New York Sugar
Colonial Flying Service
Fairchild Air Plane Manufacturing Co
Briges and Stratton
Pullman Co
San Francisco
California Packing
Snider Packing Co
Willys Overland
Foreign Power Sec. Corporation, Ltd
Hupp Motor
Bank of England
Ibs
Richfield Oil
PFC
Bank of France
American Super Power
St. Louis Federal Reserve Bank
United Corporation
Associated Press
Dallas
Spot Cotton
Galveston
The
Chicago Tribune
Southwest
Jackson Bros
Hurlbard Warren and Chandler
Bartlett Frazier
Thomson and McKinnon
Wade Bros. & Co
Orvis Bros
F. B. Keech & Co
Hubbard Bros
Pynchon & Co
Ft. Worth
Sherman
Waco
Paris
Tuscaloosa
Birmingham
Thomasville
Greenville
Ozark
Opelika
Huntsville
High Low Close
Tansevee
Mobile
Etree
Savannah
Charleston
Wnees
Wilmington
Norfolk
Memphis
Augusta
Little Rock
Tee
Atlanta
Ste
Montgomery
Claude A. Jagger
Federal Reserve
Reserve
United Cigar Stores
Tobacco Products
Union Tobacco
Johns Manville
American Radiator
Tidewater Associated
Tidewater Oil
New York Stock Exchange
Ly al Chem & Dye
Arma Sugar Dees
Andes Copper
Enue
At&s Beeen
Baldwin Loco
Beth Steel
Calu & Ariz
Calumet
Canadian Pacific
Cerro Pasco
Ic RI &P
Chrysler Motor Rr
Curtiss Aere
Dupont
Eee
el Rower & Light
Freeport Texas
General Mills
General Motor
Goodyear
Inspiration
Int
Harvester
Johns Mannville
KC Southern
Kennecott
Kolster Radio
Kroger Grocery
Marina
Marland Oil Tees
McKeesport Tin
Ats Mex
Seaboard Oil
Peer
Ala
Miami Copper
Ao Mk&t
Mo Pacific Tae
Montgomery Ward
Nash Motor
Ney
NH & H
North Pacific Ee
Packard Motor
Phil Pet
Public Service N J
Sean Tee
Radio Corp
Remington Rand
Rep Iron & Steel Bo Bale Bs Rey Tob B
St L & San F
Seaboard Air L
Sears Roebuck
Seneca Copper
Shell Union Ee
Simms Pet Ee
Sinclair Oil Ee
Skelly Oil
Pee
Southern Pacific
Seve
Southern Ry Bee
Stand Oil Cal
Stand Oil
Studebaker
Texas Corp
Texas Gulf Sul
Tay Tep
T & F Land Tr
Warner PLC
Western Maryland
Western Union
Willys Over
Woolworth
Ses
Wright Aero Wate
John F. Clarke Co
Low Close Aviation Corporation
Curtiss Flying Tees
Durant Leevevee
Thy
Fokker Airplane
Gulf Oil
Ford of England
Humble Oil
Lone Star Gas
Ohio Oil
Indiana
Itty United Gas Imp
Usn
Atlantic
Bethlehem Steeleesat
Brown Shoe
Burroughs
Congoleum v
Continental Motors
Gly
Chicago & Alton
Continental Can
Fisk Rubber
Fleischmann Yeast
TON Pullman
Pennsylvania
Red-E-Orpheum
Stewart Warner
Il Shulte
Seneca Copperos
Superior Steel Westase Daeove
Timken Roller
Os Bors United Corporation
Ordhite Motors
Sseereeee of
Beacon
Seeaee
Tere
Louisiana
Middle States
Royal Dutch
Texas Pacific Land & Trust
Iia Tidewater
White Eagle
Teeer Bay
Prairie Oil & Gas
Prairie Pipeline
Pierce Petroleum
Turpentine
Florence
Georgia
Macon
Newnan
Griffin
Columbus
Albany
Shreveport
Arkansas
Ft. Smith
Pine Bluff
Texarkana
Mississippi
McComb
Meridian
Hattiesburg
Greenwood
Tennessee
Chattanooga
Nashville
Chicago Cash Grain
Essere Neennereder
Kansas City Cash Grain