Grain values plunge on Chicago market in sensational drop
The Associated Press reports a dramatic fall in grain prices led by wheat and corn at Chicago on June 6. Prices slid to recent lows, with Winnipeg and Canadian growers' selling impacting U S markets amid poor buying and heavy rain in North America.
MENTIONED IN THIS ARTICLE
John P. Boughan
Associated Press
Ghicago
North America
Winnipeg
United States
Washington
Canada
Kansas
Texas
Oklahoma
Chicago
Commodity Price Report from Chicago Markets
Chicago market notes detail bid prices for corn oats rye barley timothy and clover with grades and percentages listed. The report covers No. 2 red corn at 53c and No. 2 white at 2914c, oats No. 2 white 101%4-21c, timothy $2.75 3.00, and clover $9.25 14.00, among other mixed grade figures.
MENTIONED IN THIS ARTICLE
Chicago
U.ri
Grain Futures Mixed as Wheat Falls. Corn and Oats Hold
Kansas City market notes show wheat down about a penny to 8 cents with various No 1 and No 2 grades quoted across 49 to 50 1/2 cents. July wheat at 46 1/2, Sept 48 1/4, Dec 50 1/4 cents. Corn steady to slightly lower with No 2 white around 28 3/4 to 29 1/4 cents and No 2 yellow near 28 1/2 to 29 1/4. Oats drop 1 with No 2 white at 21 1/2 to 23 1/4 cents.
MENTIONED IN THIS ARTICLE
Kansas City
Cash grain market shows steady demand in Fort Worth
On June 6 in Fort Worth UPI reports good demand for wheat and fair demand for other grains. Wheat prices range from No 1 ordinary hard milling to No 1 hard with varying protein content. barley and sorghum quoted. corn and oats also listed with delivered and freight prices to Texas Gulf ports and common points.
MENTIONED IN THIS ARTICLE
Fort Worth
UPI
Texas Gulf Ports
Texas
New York Money Rates and Bond Quotes June 6
Call money steady at 24% with time loans flat for 60 to 90 days at 1 1/4 percent. Prime commercial paper at 2 to 3 percent. Bankers acceptances unchanged with various maturities around 1 percent or 1 1/4 percent. Government bonds show Liberty 3 4 45 100.18 and Treasury issues trading near 100.20 and 96.10 for different issues.
MENTIONED IN THIS ARTICLE
NEW York Money
New York
BONDS
Liberty
Treasury
Higher beef cattle prices on market loop report
Midwestern Livestock Review from Kansas City on June 6 notes a stronger trend for dressed beef at eastern markets with steady to 25c higher values for fed steers yearlings heifers and mixed yearlings. Prices ranged mostly 5.25 to 6.50 with some up to 7.00 and top quotes near 6.60 for well finished Texas yearlings and 6.75 for Chicago best yearling heifers. Hog trade uneven with some markets steady to 10c higher and others steady to 10c lower. lambs generally 25c higher with Chicago spots up.
MENTIONED IN THIS ARTICLE
Midwestern Livestock Review
Kansas City
U. S
Texas
Oklahoma
Chicago
D. A
Market Report: Hogs Cattle and Sheep Prices Across Cities
Chicago and Fort Worth livestock markets report mixed movements. Hogs 27,009 in Chicago with direct hogs at 2.60 to 3.25, cattle 12,000 with varied steers, cows and bulls. Fort Worth lists hogs 1,000 steady at 3.10 to 3.15, cattle 2,800 with slaughter steers up to 5.50, sheep 12,000 with lambs near 4.25 to 4.50.ephemeral
MENTIONED IN THIS ARTICLE
Fort Worth
Livestock Prices Across St Joseph and Oklahoma City Markets
Cattle and calves at St Joseph show mixed gains with steers up to 25 cents and yearlings near 5.85 to 6.25 for bulk stockers. Hogs trade slower with lighter weights 2.90 to 3.05 and heavier types quiet. Sheep steady with native lambs around 6.25 and yearlings near 5.00. Oklahoma City reports cattle about 4.00 to 4.75 for medium grade, calves steady, hogs up to 3.05, sheep around 4.00 to 5.50 for good native lambs and yearlings.
MENTIONED IN THIS ARTICLE
ST. Joseph
Oklahoma Livestock
Oklahoma City
Livestock Prices Across Wichita Denver and Amarillo Markets
Wichita cattle 1690 head with calves and yearlings, hogs 2200 head steady to higher, sheep 600 head with lambs up to 5.50 expected. Denver cattle steady with beef steers around 4.00 to 4.25 and hogs top 8.15, stockers and bulls listed. Amarillo reports butcher hogs 160-230 pounds at 2.40, Cudahy Packing at stockyards.
MENTIONED IN THIS ARTICLE
Wichita Livestock
Wichita
Kas
Denver Livestock
Denver
Colo
Amarillo
Cudahy Packing Company
New York Sugar Steady Amid Better Inquiry June 6
Raw sugar held steady with demand improving and notable sales of 45,000 bags from Porto Rico and 18,000 bags from the Philippines for June July shipment at 2.67.68. Futures rose slightly on market steadiness and warmer weather lifting refined demand. July contracts led gains while near-term prices remained firm. Estimated July 19,100 tons sold. refined sugar prices unchanged at 8.75 for fine granulated.
MENTIONED IN THIS ARTICLE
New York
Philippines
Cuba
Boston Wool Market Sees Limited Buyer Interest
Boston reports a sale on combing 56s fleece wool similar to Ohio at 15 1 65 in the grease for 28 30c scoured basis. Volume was moderate and overall interest scarce for wool buyers. Receipts at Boston during the week ending June 4 totaled about 3,254,500 pounds, up from the prior week’s 1,995,000 pounds.
MENTIONED IN THIS ARTICLE
Boston
Ohio
Boston Grain and Flour Exchange
England Grants Patented Machine For Sticking Two Pins
An English patent insures a machine that secures two pins together in a compact device. The invention aims to streamline fast assembly and reduce handling steps.
MENTIONED IN THIS ARTICLE
England
Market reacts after three day rally with profit taking
Stocks closed with modest gains after a three session rally as profit taking set in. Turnover fell to about 943 thousand shares while bonds weakened and utilities softened amid political and international jitters. Traders expected budget measures to influence sentiment as gold dipped and dollars firmed.
Market Briefs Capsizes Amid Mixed Commodity Moves
New York Stocks show heaviness with undermined lists amid mixed bonds and rails. Cotton soft on weather. sugar firm and coffee quiet as Brazilian buying supports grains. Wheat weak despite improved Kansas crop, corn eases on sympathy declines and higher hogs and cattle readings.
MENTIONED IN THIS ARTICLE
New York
Chicago
Kansas
Agricultural Machinery Output Seen Shrinking This Year
AP report notes tentative figures predicting agricultural machinery production this year will be 25 to 80 percent below 1981 levels, with 1981 output 568 percent under 1930. Domestic wool receipts in Boston last week totaled 8,254,600 pounds, season to date 82,726,100 pounds, vs 61,997,200 pounds year ago.
MENTIONED IN THIS ARTICLE
Associated Press
Agricultural Machinery
Standard Statistics Co
Boston
Cotton Market Declines on Weak Foreign News and Wheat Slump
New Orleans June 6. Cotton prices fall amid weak foreign news, wheat weakness, and liquidation by recent buyers. July, October, and December futures all slip with July down 17 points and accumulative daily declines around 14 to 20 points. Port receipts and exports totals are reported for the period, with year comparisons and stock figures across New Orleans, Galveston and Houston.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
Port Receipts
Galveston
Houston
New York Cotton Prices Slip Amid Liquidation and Market Pressure
Saturday's cotton futures extended losses as liquidation spread amid reselling by buyers from late last week and broader stock market weakness. July contracts fell to 6.07 and closed at 6.12, with most positions down 18 to 20 points. Weather outlook remained favorable for crop development though rain in northwest and southwest areas drew concern. Exports for the day reached 22,190, totaling 3,098,576 for the season so far.
MENTIONED IN THIS ARTICLE
YOMN
L. Cooley Lown
New Investment Corporation
Austria
New York
Como
Liverpool
Cotton Market Report Shows Mixed Spot Movements Across Gulf Ports
Dallas notes show spot cotton steady to down with prices in New Orleans 4.60 to 6.16 in Galveston heavy quotes. New York bleachable cottonseed oil closes unchanged to six points lower as lard grains ease. prime cotton seed figures listed for Dallas and region.
MENTIONED IN THIS ARTICLE
New York
Texas
Chicago Produce Market Roundup June Rain Dampens Trade
Chicago reports firmer butter and egg prices with strong receipts and mixed gains. Poultry items show firmer prices while market activity slows on rain with potatoes trading light and variables in regional russets and round whites.
MENTIONED IN THIS ARTICLE
Chicago
Wisconsin
Idaho
Southern
Strake Oil’s South Texas No. 2 Well Produces In Conroe
In Conroe Texas excitement rose as Strake Oil Corporation South Texas Development Company No. 2 well came in yesterday, flowing estimates between 3 000 and 7 000 barrels. The historic gush saturated workers and the platform, with earlier test shows of 500 to 5 000 barrels. A rush of motorists flocked to the six mile east site within minutes of the report.
MENTIONED IN THIS ARTICLE
Conroe
Tex
Strake Oil Corporation
South Texas Development Company
Humble Oil to Pay $22.8 Million Bond Debt
Humble Oil and Refining Company will retire 22.761 million dollars of its bonded indebtedness in a cash transaction with J P Morgan and Company New York. Bonds mature July 15 as part of a 25 million dollar issue dated July 15 1922.
MENTIONED IN THIS ARTICLE
Houston
Tex
Humble Oil and Refining Company
J P. Morgan and Company
N. Y
Standard Oil of Kansas posts quarterly net loss
Kansas Standard Oil reports a net loss of 130,556 dollars for the quarter ended March 31 after taxes depreciation obsolescence retirements inventory adjustments and non recurring charges. No comparison is available.
MENTIONED IN THIS ARTICLE
New York
Standard Oil Company of Kansas
Section of new paving opens to traffic
Three miles of the six mile stretch of new No. highway paving from the Canadian River to the Potter County line has been opened to the public. State Highway Engineer Oscar Seward reports 12 miles remain under construction in the unit.
MENTIONED IN THIS ARTICLE
Canadian River
Potter County
Oscar Seward
Thompson Park Replants 100 Washed Out Trees
Amarillo park workers replanted more than 100 trees washed out by weekend rains at Thompson Park. City forester Temple Robinson said none of the trees were lost. The city notes that school children planted 10,000 trees in the park last year.
MENTIONED IN THIS ARTICLE
Amarillo
Park Department
Thompson Park
Temple Robinson
Radio Tonight s Features on NBC WEA P Network
A readable fragment lists radio programs for June 7 across NBC networks with multiple regional basics. Entries include Sanderson and Crummit 6:00, Mary and Bob drama 6:30, Dance Hour 8:00, Ruass Columbo Orchestra 9:00, Opry House 9:00, and further shows through 10:60, with CBS WABC and NBC WJZ listings and various orchestras and dramatic segments.
MENTIONED IN THIS ARTICLE
Tulsday
Nbc-Weap
Midwest
WOC
WHO Wow
WDAF
South
KYOO
WKY
WFAA
WBAP
WOAI
Kths Mountain
KOA
Sanderson
Crummit
Mary and
Bob
Ruass Columbo Orchestra
Opry House
Dornberger
Ralph Kirbery
Pettle Orch
Seymour Simon
Orch
Cbs-Wabc
WEM
KMOX
KLZ
Basic
Lyman Orch
Kate Smith
Joe Palooka
Ben Bernie
Ha! Kemp
Bhilkret Orch
Barlow Symphony
Nelson
Martin
E Stern
Arnheim
NBC
WENR
Edgar A. Guest
Seer Tune Detective
Night Life
Amos ‘N
Andy—West
Lee Sims
Earl Hines
Daneing
Milwaukee
Agnew Orch
New York Coffee Market Steady Amid Mixed Buying
New York June 6 coffee trading remained quiet yet steady as Brazilian buying balanced by local and commission selling. No 7 contracts closed unchanged to 4 lower with Santos varying between 1 lower and 1 higher. Closing quotations show July 6.46 for No 7, other months around 6.41 to 6.82. Santos July 2.40 to May 8.99.
MENTIONED IN THIS ARTICLE
New York
Santos
Spot Cotiae
Ataney
Rio
Anti-Trust Suit Moves Slowly in Texas Court
In Austin on June 6 the Attorney General James V. Allred seeks a $17.85 million anti trust penalty. Humble Oil Refining Co. will be heard first on each petition section, followed by other defendants, with weeks of argument anticipated.
MENTIONED IN THIS ARTICLE
Austin
U.P
James V. Allred
88Th District Court
Humble Oil & Refining Company
Borger Area Enlivened by New Producer
The Combination Oil Company No. 1 Johnson well in Hutchinson County stood at 1 000 feet of oil in the hole at 8 235 feet depth with pay from a granite wash. Located about two miles west of Borger the field already hosts several good wells nearby. North of the site Continental Company has a well producing over 600 000 barrels and Phillips Company has multiple strong producers offsetting it. Prospects suggest the new well may yield 500 or more barrels, likely prompting additional offsets soon.
MENTIONED IN THIS ARTICLE
Combination Oil Q Company
Johnson
Block Y
Hutchinson County
Borger
Continental Company
Phillips Company
Thompson 10 Participate In New Gas Case
Ernest C. Thompson sworn in as Texas Railroad Commissioner filled vacancy of Pat M. Neff and attended his first full member meeting. A petition by Henderson Inc for a gasoline line extraction plant at Banford was postponed due to Hendersons illness. The commission ordered the Henderson plant closed as wastage of natural gas and heard a later request to operate part time to preserve its wells and equipment.
MENTIONED IN THIS ARTICLE
Terrell
Lon A. Smith
Henderson
Railroad Commission
Zapata well yields 80 barrels per hour in Zapata County
The Allied Oil and Gas Company's Allen Morris No. 26 well in the Escobas Field of Zapata County came in yesterday with an estimated production of 80 barrels an hour after completion at a depth of 1,476 feet.
MENTIONED IN THIS ARTICLE
Laredo
Allied
Ol and Gas Company
Escobas
Zapata County
Oil well near Archer City drills at 2196 feet
The Fall Refining Company completed an oil well four miles north of Archer City. It was drilled to a depth of 2196 feet and started flowing at an estimated 600 barrels per day.
MENTIONED IN THIS ARTICLE
Archer City
Fall Refining Company
Also Mentioned on This Page
Chicago Cash Grain
Crtessee
Cash Grain
Amarillo Markets
Swift & Co
Minneapolis
Hutchinson
Okanes
Sented Statistics Co
Tedeee Wee
BECO
Iccree
Kansas City Livestock
Chicago Livestock
U.S.C.A
John L. Cooley
Associated
American Gas & Electric
Commonwealth Edison
Electric Bond & Share
American Light & Traction
United Light
National Power & Light
Duke Power
Singer
Great Atlantic & Pacific
Swift International
Indiana
The
Hupp Motor
Mlinois
Hydro-El A
Nick Can
Johns Manville
Kelly Springfield
Kelvinator
Kennecott Seesveces
Kresge & Sehen
Ligg & Myers B
Eeeeee Lorillard (P) Vreses
Isv Wee
Mack Trucks
Alkal
May Dept Stores
McKeesport T . «Sn
Miami
Mid-Cent Pet
Ae Stee . Ay
Eevee
Mc Measseeee Montgom W
Murray Corp
Nash Motors
Nat Biscuit
Nat Cash RA
Nat Dairy
Nat Pow & Lt
Nev. Gon
Norfolk & W
North Am
Northern Pac
Ohio Oil
Otis
Pac G & el Pacark
Param Publix
Penick & Ford Sees
Onewee
IV Penn RR Penney
Phillips Pet
Pills Floureenee
Poor & Co
Procter & Gam
Pub Ser N J
Pullman
Eseess
Seeesees
RKO Senewee
Rem Rand
Seeese
Repab Steel Seee Il
Rey Tob Blane
Rio Gran
Royal Dut
Safeway Stores
Seaboard Air
Sears Rock
Eerste
Simms Pet
Skelly Oil
G & el
Stewart-Warn
Stone Sowd
Sive
Lartesee
Texan Corp
Tex Gulf Sulsbeven
Tex Pac G & O
Tex Pac L Tr
Alen & Co
UN Carbide
U S
Amer
el Bond & Xg
Amer Water
Ford Met Ltd
Amer Woolen Aay
Fox Theat A
Gulf Oi
Humble Oil
Baldwin Loco
United Fou
Balt & Barnsdall Hio
Asec
Unit & Pow A
Oy Bendix Aviation
Bethlehem Steel
Bohn Alum Wa Neeee
Borden
Juneau
Allis Chalmers
Calif
Car & Fay
Calumet & Hee
Canadian Pacific
Cannon Mills i
Cerro de Pas Aviation Corp
Ches & Ohio Sence
Best & Co
Chi M St P & P Pf
Borg Warner Oe
Chi Pneumatic Tire
Davidson
del Lac & Wiil
Curties-Wright Ll
Te Dome Mines
Elec Auto Light
Drug Inc Ee Eseteres
Stg Bat
du Pont de D Siveea
Eureka Vacuum
Nat Stre
Eastman Kodak
Fos Wheeler Inc
Eaton
Gen Baking Co
el Pow & Lt
Inter Cement
Gen Gas & Eia
Kroger
Wee A
Tteeee
Lorillard Tob
Goodrich
Louisville G & E
Goodyear T & Bly al
Borer & Rob
Graham-Paige
Yh Y (Rh) & Co
Granby Con M
Nat ” Distillers Tees
Gi Pathe
Gt North Ry
West Suger
Kery
Grigsby-Grunow
Simmons Trees
Trans-Amer
Oe Ag
Cotton
Otton Futurea
Ponce Mers Eenwaeres
Eeeereene Eee
Sar
Seeeeeeseeneee Dbl
Jan Wee
Ee Eaeenate
Centre Ween
Dallas
Linters
Mobile
Savannah
Charleston
Wilmington
Beaton Eases Eee
Corpus Christ
Memphis
Worth P & Mch
OILE
Petemeee
Seaeee Senses Consolidated
Servid
United Gas
Woolworth
Averag
Art Statistics Co
Ind
Charites
Oseeee
Humble
Kansas Standard
Radio Tonight
Johnson Ranch
BIG
Thompson
Panhandle
Zapata
Archer
Alexander
EE Tailoring Cohe Independent Cleaners
Sixth
Polk
West 16Th
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