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Amarillo Daily News in Amarillo, Texas

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This newspaper page contains 20 articles. Subscribers can read the full text of each article.

Newspaper

Amarillo Daily News

Location

Amarillo, Texas, United States of America

Date

Jun 07, 1940

Page

13

Wall Street Rebounds as Steel Stocks Lead Market Recovery

Market activity rose on a day of mixed wartime news as steel shares rallied amid reports of strong French resistance and mills operating at capacity. Industrials drew bids on domestic rearmament hopes and foreign demand, even as tax fears weighed. The Associated Press average gained slightly while turnover dwindled.

New York Wall Street Somme Italy Stock Exchange Associated Press

Wheat and Corn Stand Amid Market Wait for Somme Update

Chicago grain prices edged up briefly then steadied as traders waited on the Somme battle news. Wheat closed little changed to fractions higher while corn rose modestly. oats rye and soybeans held near session lows. Cash quotes showed No. 2 hard wheat around 82 cents and No. 2 yellow corn near 65-66 cents.

Chicago Somme France Isa Kran

Cattle Market Active Higher Across Markets June 6

Kansas City reports hogs 2500 head with prices 4.00 to 5.10 for 180-280 lb. cattle salable 1400 with strong demand for fed steers and yearlings, Colorado prices at 9.85 for fed steers and 10.00 for fed heifers. sheep saleable 4500 with lambs 7.50 to 8.50 and natives above 10.50. Chicago and Fort Worth livestock show similar firm activity, with hogs around 5.00 to 5.30 and cattle mostly 8.00 to 10.50 for marketable steers.

Kansas City Colorado Fed Chicago Livestock Chicago Texas Fort Worth U. 8 D. A Denver Livestock Denver U. S

Cotton Prices Jump Amid Helium Rally and Sterling Shakeup

New York reports show cotton prices rising after a sharp rally tied to speculation on British exchange reforms. Analysts note possible expansion of Allied buying power if the free sterling market is abolished, with late trading gains of several points and strong export figures for the week across Gulf Coast ports.

New York Wall Street

Produce markets ease as poultry receipts and butter prices steady

Chicago Produce notes receipts of 54 trucks with market ease for poultry. Leghorn hens and other fowl priced varied by weight, with meat prices and scores listed. Butter receipts total 1,196,786 pounds and market remains steady with several grade scores shown.

Chicago U.P Plymouth Rock Springs White Rock Springs

Canada Plans Refugee Haven for War Zone Children

Ottawa reports a refugee conference has drafted a broad immigration plan to house British and refugee children in Canada if Britain and France authorize their exodus, signaling readiness to provide havens for war victims from Europe.

Canada Ottawa Dominion

Child chews dog leg after bite claim

Martins Ferry Ohio story describes three and a half year old Donnie biting a dog's leg claiming the dog bit him first. The dog Dusty in Bellingham Washington is noted for barking at a patrolman and averting an overtime parking ticket as Fred Hansen seeks police protection from the mongrel.

Martins Ferry Ohio Harry Laase Donnie Dusty Bellingham Wash Fred Hansen Hansen

Bear sighting leads to $700 bond recovery in Nevada City

A bear in Nevada City startled residents as a man sought a $700 bonus bond. Termites destroyed most paper, but the bear’s encounter allowed officials to trace and return the value plus interest. Separate note from Roanoke concerns naming a spouse in a tax filing oddity. In San Quentin a prison gambling game uses numbered inmates to award tobacco sacks.

Ironton Ohio Schwartzwelder Nevada City Calif Henry Lewis Schwartz Washington Lewis San Quentin California

Brine Returns to Groundwater as Oklahoma Oil Expands

An AP feature notes that Oklahoma wells produce vast brine as a by product of oil, with 150000 barrels daily pumped underground. The state funded disposal systems costing 1500000 dollars, reducing contamination and protecting water supplies. A Ponotoc County project yielded a 2600 barrel per day gusher in a dry- hole area.

Oklahoma City Oklahoma Pollution Department State Division of Water Resources Pontotoc

Oil Men Await Changed Order In East Texas Proration

Texas oil men await action by the railroad commission following a Supreme Court ruling that could alter East Texas field proration. The commission may revive the old per well basis, lift 14 day month shutdowns, or adjust field allocations, with hearings planned to gather evidence before any new schedule is issued.

Austin Texas Oil Railroad Commission U.S. Supreme Court East Texas Commission Hitchcock Galveston County Montague County Lolita Jackson County Chapel Hill Smith County Colorado Jim Hogg Wichita Archer Wilbarger Penwell Ector

Discoverer of Oil In Moore Co Dies

A. D. Morton aged 68, veteran oil operator formerly of Oklahoma, died Tuesday in Los Angeles where his funeral was held Thursday. Morton drilled the first oil producer in Moore County and helped spark the Panhandle boom after starting wildcat operations in 1926 northeast of Dumas. A Tennessee native and McMinnville College engineer, he earlier surveyed Indian Territory for the interior department before entering the oil business.

A. D. Morton Oklahoma Los Angeles California Tennessee McMinnville College Indian Territory Interior Department Five Civilized Tribes

Coati Mundi Confirmed in California

Sacramento reports the coati mundi, a predatory mammal expanding from Mexico, has been definitively identified in California. The creature, about raccoon size, feeds on fruit and flesh, according to the state division of fish and game.

Sacramento Calif California State Division of Fish and Game

Shell Union Plans Capital Reduction At Special Meeting

Shell Union Oil Corp announced a special stockholders meeting for June 13 to approve a capital reduction lowering stated capital from 993,672,821 to 196,059.75 and changing 20,000,000 authorized no par common shares to 10 shares of 15 par value. The plan preserves assets and equity while creating new surplus of 37,013,446 to offset premiums on subsidiary capital stock, with 14,036,397 available for corporate use though no distributions are planned.

New York Shell Union Oil Corp Apecial Stockholders Meeting

Feathered Injustice on Pueblo Courthouse Lawn

Robins dig worms on the courthouse lawn while sparrows lurk for the worms. Kibivers report both birds are fat this spring, as robins and sparrows compete for prey witnessed on the lawn. News-Globe Want-Ads get results.

Pueblo Colo Kibivers News-Globe

Art Objects Sheltered as Berlin War Threat Grows

Berlin museums shield priceless works by sandbagging the Pergamum Altar of Zeus and relocating paintings and sculptures. Officials aimed to protect irreplaceable pieces while keeping museums open, with exhibits moved to storerooms or remote sites as galleries display rescued art and wartime exhibitions.

Berlin Pergamum Halle Vienna National Gallery Germany

Boy Survives Bath Radio Electrocution in Colorado

In Wallenburg Colorado 17 year old Jack Johnson was singing in the bath when he knocked a portable radio into the tub. The radio shorted the water with electricity and paralyzed him until a brother heard his pleas and rescued him.

Bath Wallenburg Colo Jack Johnson Johnson

Oil Market Summary From Tulsa in June Market Snapshot

Oil prices and fuels across the Midwest show mixed stability with gasoline and ventures holding steady while kerosene and industrial fuels move modestly. Crude in the midcontinent remains firm as regional listings reflect varied grades and cold test ranges across several products.

Tulsa Okla North Texas Italy Bae

Kansas Allowable At Bureau Estimate

The Kansas Corporation Commission set June oil production at 159000 barrels daily and allowed an extra 15000 barrels of backlog allowable. Conservation Director Theo A Morgan said the June run would total about 174000 barrels daily, reducing backlog by half from roughly 900000 barrels. The June allowable matches the Federal Bureau of Mines demand.

Wichita Kan Corporation Commission Kanes Theo A. Morgan Morgan Federal Bureau of Mines

Oklahoma Pool Extension By Mideo Oil Corp

The Billings Wilcox pool in Noble County was extended a quarter mile east by Mideo Oil Corp. Harbison, near 22-22-2W, reported production last night of 70 to 80 barrels per hour from the Wilcox sand at 4,347 feet. Olympia, Wash, W. P. Taylor and family own Betsy the black widow spider kept in a glass bowl in the front room and the spider responds to Taylor’s approach.

Rulba Okla Billings Wilcox Noble County Mideo Oil Corp Harbison Nwc Sesw Wilcow Olympia Wash W. P. Taylor Betsy Taylor

New Yellow Pages Directory Delivers Shopping Help

Telephone users welcome a brand-new guide to local stores and services the Yellow Pages. The up-to-date directory helps locate garages beauty parlors florists and hundreds of firms by name address and telephone number. Call the telephone office to get a copy. Southwestern Bell Telephone Company.

Southwestern Bell Telephone Company

Also Mentioned on This Page

Well Head U. S, Steel Bethlehem Republic Youngstown Sheet Douglas Aircraft United Aircraft Westinghouse Dow Chemical Eastman Kodak International Nickel Standard Oil of N. J Texas Corp Philips Petroleum Montgomery Ward Serrs Roebuck Great Northern NEW York Metals Fer Worth Valley N. Y East St. Louis St. Louis Deery Galveston New Orleans Western Feeders Supply Company Texas Mills Amarillo Warner Bros Aye West el & Mfg Mt Fustig Woolworth Allis M & Fay Welt & R L&s T & SF Tl Re Ning Mation Corp Bendix Chicago Beth Steel Old Wheel Averac Ae Brysier Mt Oi del Urtias Wright Dougla al Power & Lt T Nor Ir Ore Nor Ry Iqueton Nt Hydro el A Nohna Manville Pow Jones Fenner & Beane Aeennecott Marshall Field Ra's Fontgom Ward Amer Pac Phio Oil Ac Gas & el Ackard Re- Pet Corp Dodge Dirhillips Pet Ullman Em Rand Pub Steel Seaboard Oil Roebuck Union Oil Ex & Pac R Gilg Ex Corp Gulf Rulph Ex Pac L Tr de & West Air Hited Corp Vt vi Roanoke Commissioner of Revenue John M. Hart AN Eye For A Gal Harry Harrison Kroll NEA Service, Inc Rossy Lincoln College Hell Heller Tollivers Steve Hogg Rotsy Hannah Board of Trustees Crown Block Field Developments Moore Co Shell Union Haigs Haig & Haig ROACS Kansas
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