Market steadies as rails and utilities lift share activity
Buying of selected rails industrials and utilities steadied the New York market on June 6 with carriers among the leaders and bids revived. Labor unrest including a 62000 AFL seaman walkout kept many issues aloof while some dividends failed to spark gains. Trading was light with transfers around 980000 shares and a mixed close in a volatile session.
MENTIONED IN THIS ARTICLE
New York
AFL
N. Y. & Hariem
Sweets Co
American Power & Light
Markets at a Glance New York June 6
Markets at a glance show irregular stock activity with rails in a selective comeback. Bonds narrow as utilities and industrials improve. Cotton declines with New Orleans and local selling. Chicago wheat and corn hold near ceilings and unchanged, oats see early gains erased by profit taking. Hogs steady to active with top around 14.85. Cattle steady but selective with top near 17.85.
MENTIONED IN THIS ARTICLE
New York
New Orleans
Chicago
New York curb sales close steady as markets mix
Market excerpts show mixed results with several oil and gas stocks trading in tight ranges. Cities Service and Humble Oil register small moves while Lone Star Gas posts modest gains amid general market quiet.
MENTIONED IN THIS ARTICLE
Associated Press
Oats Prices Slip On Profit Taking In Chicago Trade
In Chicago on June 6 oats traded actively with prices finishing mixed after early gains. July, September and December wheat hit ceilings while local traders sold off near the close. Southwest reports show Texas Oklahoma yields at 35 to 40 bushels per acre with some fields under 18 to 20. Kansas reports ongoing damage from May 11 cold snap affecting wheat head fill.
MENTIONED IN THIS ARTICLE
Chicago
Southwest
Texas
Oklahoma
Kansas
Kansas City and Chicago Cash Grain Quotes Day
Kansas City and Chicago markets report unchanged cash grain prices on June 6. Wheat at Kansas City ranged from No 2 dark and hard red to No 2 red, with futures close around 1.83 to 1.89 dollars. Corn showed No 2 white and yellow quotes near 1.57 to 1.58 and 1.42 to 1.43, oats around 0.84 to 0.92. Chicago prices list No 2 red and hard wheat at 1.97, No 2 yellow corn at 1.44, No 2 oats 0.86 to 0.92.
MENTIONED IN THIS ARTICLE
Kansas City Cash Grain
Kansas City
Chicago
Fort Worth Cash Grain Prices Report
Wheat No 1 hard 1.965 2.045 dollars per bushel. Oats No 3 red 114 06 dollars. Sorghums No 2 yellow 2.88 3.01 dollars per 100 pounds. Market data from Fort Worth on June 6.
MENTIONED IN THIS ARTICLE
Fort Worth
Cattle Market Slows in Kansas City Trade
Cattle trading shows slow demand for slaughter grades with about steady prices and uneven weekly action. Cow prices edge higher, calves and weaners soften, beef bulls steady, and vealers around 14.50 to 17.00 as buyers show narrow interest in slaughter classes.
Oklahoma City Livestock Market Report June 6
Receipts 1700 cattle and 300 calves with no beef steers or yearlings offered. Other killing classes steady amid active trade. Notable prices include good and choice heifers 15.50 to 16.50, beef cows up to 13.00, bulk 10.00 to 12.00, canners 6.50 to 9.00, bull tops 13.50, sausage bulls 11.50 to 13.00, vealers 16.00 down to 9.00, stocker steer calves to 16.50 and other stocker calves mostly 14.50 to
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
USDA
Oklahoma City
Fort Worth Livestock Prices at Fort Worth Market
Fort Worth market notes cattle 1,600 calves 500 with all classes steady and fairly active. Prices include medium and good steers and yearlings 14.00 to 16.58, cows 12.75 to 13.25, medium 10.00 to 11.50, common 8.75 to 9.50, cutters 7.75 to 8.75, canners 6.00 to 7.50. Sausage bulls 8.00 to 1.50, some beef bulls 12.00 to 12.50. fat calves 15.00 to 16.50, common 11.00 to 14.50. stocker and feeder calves 12.00 to 15.50, light calves to 16.00. replacement cows 8.50 to 10.00.
MENTIONED IN THIS ARTICLE
Fort Worth
U.P
USDA
Hee Rees
Cattle Trading Steady In Amarillo Market
Cattle trading in the Amarillo livestock market yesterday remained steady with prices set earlier in the week. Six registered Hereford bulls were the high point, consigned by Bill Turner, as quality improved late in the sale among the last 100 head. Panhandle Livestock Commission Co. receipts were about 650 head.
MENTIONED IN THIS ARTICLE
Amarillo
Bill Turner
Panhandle Livestock Commission Co
Potato and Wool Market Roundup Dated Markets
Potatoes across California Alabama and Louisiana sold in 100-lb sacks with prices ranging from 2.65 to 3.15 per hundredweight for U S No 1 quality. New York wool tops futures closed mostly steady with small declines and dates shown of futures for October March and May 1947.
MENTIONED IN THIS ARTICLE
Chicago
USDA
California
Alabama Bliss
Louisiana Bliss
U. S
New York
Bacon Preservation Tip for Fresh Refrigeration
The guide advises keeping bacon in the refrigerator and tightly wrapped to slow rancidity and preserve freshness longer.
Cotton Spot Prices Close Steady in Final Hour
Mill buying and short covering pushed cotton in the last hour, with spot Galveston closing steady down 2. Quotations show good ordinary at 17.55 and strict good ordinary 19.30, varying middling grades up to 28.55. New Orleans reports an average middling price of 28.19 cents per pound across 10 Southern markets.
MENTIONED IN THIS ARTICLE
Galveston
New Orleans
New York
Dee Cor
Renees
Cotton futures slip on liquidation as weather improves
Cotton futures eased today in New Orleans with long liquidation and profit taking after better belt weather. Closing prices fell five to twenty cents per bale while spot cotton closed steady with sales of 248 bales and a middling price of 28.00 cents. Receipts reached 1,480 and stocks stood at 260,293.
MENTIONED IN THIS ARTICLE
New Orleans
Louisiana May Hike Gas Tax
Opponents debated a national gas tax increase as Louisiana lawmakers heard four bills proposing higher taxes on natural gas. Proponents led by Col. P. A. Frye urged a tax rise for conservation, favoring a sales tax approach over a gas gathering tax amid enforcement concerns.
Material Crisis Hits Drillers
W. T. Payne, president of the Big Chief Drilling Company, warned at the Mid-Continent Production Division meeting that it is foolish to drill without all materials on hand. He cited industry unrest in steel, coal, and transport, noting difficulty obtaining pipe and other supplies for tests. About 200 delegates from Oklahoma, Kansas and the Texas Panhandle attended.
MENTIONED IN THIS ARTICLE
Oklahoma City
W. T. Payne
Big Chief Drilling Company
Payne
Mid-Continent
American Petroleum Institute
Oklahoma
Kansas
Texas Panhandle
Blinder Over Eye A Sleep Guarantee
Thomas G. Corcoran, still active in Washington as private attorney, adopted Winston Churchill's eye blinder method to conserve energy. A black cloth blindfold helps him relax in taxis and during brief leisure, echoing Churchill who said such a device enables quick sleep anywhere.
MENTIONED IN THIS ARTICLE
Washington
Thomas G. Corcoran
Winston Churchill
Churchill
Corcoran
Navy Training Island Natives For Medical Work in Pacific
Twenty one young natives from Guam Rota American Samoa and the Marshall Islands are trained by the Navy for medical work among their people. They enroll in a four year medical course at the Native Medical Practitioners School established by the Navy Military Government led by Capt Richard H Fletcher MC USNR of Spokane.
MENTIONED IN THIS ARTICLE
Honolulu
Guam
Rota
American Samoa
Marshall Islands
Navy
Native
Richard H. Fletcher
USNR
Spokane
Sparta High plans proxy diploma for 13 graduates
In Sparta Illinois thirteen members of the 104 strong Sparta High School graduating class will receive their diplomas by proxy as they have recently joined the armed forces. The ceremony will not include these graduates in person.
MENTIONED IN THIS ARTICLE
Sparta
Gas Output In Decrease
New York June 6 Decreases in total U S gasoline reduction for the week ended and in finished and unfinished gasoline stocks were reported today by the American Petroleum Institute Stocks totaled 95247000 barrels compared with 95769000 the previous week and 88275000 a year ago Unfinished stocks were 8145000 barrels against 11109000 a year ago The institute estimated gasoline production at 14293000 barrels against 14322000 last week Total heavy fuel oil output for the week was estimated at 8888100 barrels against 8908000 the previous week and 9421000 a year ago Light fuel oil production was 5070000 barrels compared with 5463000 last week and 5007000 a year ago Daily average gross crude oil output was estimated at 4755900 against 4858715 a year ago Operating at 871 percent of capacity the industry ran to stills 4843000 barrels of crude oil daily Last week the percentage was 899 and average 4857000 barrels The total a year ago was 4862000 Daily average crude oil production in barrels
MENTIONED IN THIS ARTICLE
New York
U. S
American Petroleum Institute
Institute
Tulsa Company Buys Part of Scurlock Pipe Line
Corpus Christi June 6 The Toronto Pipe Line Company of Tulsa Okla has bought the portion of the Scurlock Pipe Line that serves Goliad DeWitt and Karnes counties with a terminus at Pettus Bee County. The deal took effect June 1 with no announced amount. Scurlock officials in Houston said other Scurlock properties and the Scurlock Oil Company are unaffected.
MENTIONED IN THIS ARTICLE
Corpus Christi
Toronto Pipe Line Company
Tulsa
Okla
Scurlock Pipe Line Company
Goliad
DeWitt
Karnes
Pettus
Bee County
Scurlock
Houston
Scurlock Properties
Scurlock Oil Company
Arkansas Western Gas files 33,639 shares registration
Arkansas Western Gas Co of Fayetteville Arkansas filed a registration statement with the Securities and Exchange Commission covering 33 639 shares of par 5 common stock. The filing was announced from Philadelphia on June 6.
MENTIONED IN THIS ARTICLE
Philadelphia
Securities and Exchange Commission
Arkansas Western Gas Co
Fayetteville
Ark
Medieval Letters Often Written in Continuous Lines
In the Middle Ages scribes practiced composing letters as continuous lines with no spaces or punctuation between words or sentences, creating a flowing script that challenged readability and required context to parse meaning.
Well-Spacing Topic At Mid-Continent Oil Meet
In Oklahoma City on June 6 the Mid-Continental Production Division of the American Petroleum Institute opened its first full scale meeting since 1941. Preconvention committees offered no clear recommendation on well spacing, a major industry debate. Engineer H. H. Kaveler of Phillips Petroleum said opinions split on replacing 10 acre spacing with wider layouts, noting wartime 40 acre spacing to save steel and equipment.
MENTIONED IN THIS ARTICLE
Oklahoma City
Oklahoma
Kansas
Texas Panhandle
American Petroleum Institute
H. H. Kaveler
Phillips Petroleum Co
Bartlesville
Decision on Raising Gas Tax Postponed
Baton Rouge, June 6 The House Ways and Means Committee postponed until Monday its decision on gas tax hike proposals. Rep Fred Heintz proposed an extra 1 cent sales tax starting August 1947 for schools and using $9,000,000 from the general fund sales tax plus the current half cent gas tax to fund schools.
MENTIONED IN THIS ARTICLE
Baton Rouge
House
Ways and Means
Fred Heintz
St. Tammany
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Wyandotte
N. Y. Central
Southern Railway
Great Northern
Northern Pacific
Southern Pacific
Chicago & Northwestern
Bethlehem
Boeing
American Water Works
American Telephone
American Can
DuPont
Weston Electrical Instrument
Union Carbide
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Western Union “A
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Pan Amer Airways
Paramount
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Warner Bros
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Comwith & Son
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Pow & Lt
Iff Gulf Pet
Sunray Oil
Interlake Iron
Airlines
Int Harvester
Packard
Telsheen
Keith
Ye Jones-Laughlin
Ceer Copper Tees
Columbas & el
Eeee
Lone Beil Sbr
Pan Am Airways
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Merrill N Y
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Lynch, Pierce, N Y
Enner & Beane Nor Am Aviation Eee
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Heath
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Col
P. A. Frye
E. Leland Richardson
Frye
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Pacific
G. H. Reynolds
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Richter
By Richter
King Features Syndicate, Inc
Ryshrs Reserve
Brooklyn
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West
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New Mexico
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Tulsa Company
J. M. Radford Grocery Company
Harry W. Phillips
James C. Owens
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Dallas
Fort Worth National Bank
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Carload Celo
Beverley-Bauman Lbr. CO
Motor Investment CO
8Th Ave
State Department of Banking
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