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Amarillo Daily News in Amarillo, Texas

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Newspaper

Amarillo Daily News

Location

Amarillo, Texas, United States of America

Date

Jun 08, 1923

Page

10

Strength Shown in Near Month Cotton Market

The cotton market featured strong near month positions with firmer undertones on June notes and export buy rumors. July and October contracts fluctuated with gains and losses as traders speculated on shipments and strong local demand, closing with mixed advances and declines across different delivery months.

Wheat Sags as Corn Weakness Drags Prices

Chicago June 7 wheat failed to hold gains amid weak corn and potential delays in German reparations settlement. July and September futures closed near yesterday’s levels with slight declines, while corn slipped and oats eased. Rain damage in Oklahoma and Kansas spurred cautious buying, but bear pressure in corn weighed on wheat and later supported by packer demand for provisions.

Associated Press Chicago Oklahoma Kansas

California ships oil to Atlantic Coast via Panama Canal

California exports oil to the Atlantic coast at a rate of one million barrels per month through the Panama Canal, reflecting a shift in regional energy supply routes and demand patterns.

California Atlantic Panama Canal

Stock Prices Yield to Moderate Profit in New York

Stock prices rose and fell with moderating profits as investors sold selectively. Gains of 1 to nearly 5 points appeared in steel equipment oil and motor shares while Studebaker and other motors sagged. Day’s volume reached 618,200 shares with mixed currency and money market activity.

Associated Press New York New Iowa American Express International Harvester Standard New Jersey Virginia Carolina Chemical Hallroad Cinas One Studebaker Motors Royal Dutch Houston Ol Eee French France Otigh BO. Wilgh

Newburger's cotton digest and market outlook

Furnished by Amarillo Cotton Exchange New Orleans June 7 Liverpool shows surprising strength in private cables suggesting European spinners may shift. If British trade expects a smaller crop prices could rise to July levels, with insect and weather risks ahead. We advise Close weather/insect reports and focus on constructive positions as supply tightens and higher prices loom.

Newburger’s Cotton Digest Amarillo Cotton Exchange Polk Street New Orleans Liverpool

Coffee futures market shows mixed near month commitments

New York trading on June 7 saw only modest adjustments in the coffee futures market with no major features. July slipped to 9.66 after briefly touching 9.70, March hovered around 48.12, and the overall market finished 3 to 5 points from the previous close. Around 12,000 bags were traded, with remaining contracts listed as July 9.66, September 8.46, October 8.60, December 8.24, March 8.15, and May. The local spot market remained quiet with Reza at 11 to 11.1 cents and Santos 4s at 14.5 to 15 cents.

Associated Press New York Shorts Jane Monthe United States New Orleans Associated Trees Liverpool Texas Reza Santos

Sugar Market Steady as Cuba Porto Rico Prices Hold

New York June 7 The raw sugar market shows limited activity with unchanged Cubas at 6 1/2 cents and Porto Ricos around 6 1/2 cents. June shipments saw 27 500 Cuba bags and 13 000 Porto Rico bags sold while futures drifted lower. July at 6.28, September 6.34, December 5.75, March 4.42. Refined sugar prices remain fixed at 9.75 to 9.90, with futures nominal.

Associated Press New York Cubas Porto Ricos

Cotton Seed Oil Futures Rise on Strong Demand

Cotton seed oil prices climbed with July futures at 11.86 and September at 11.45 as buying from the West and shorts increased on a firmer Wall Street tone and strong lard and cotton shows. July closed 44 points higher, with sales totaling 18,800 barrels and bids for spot and future lots including Prime crude at 10.00 and Summer yellow at 11.75.

Associated Press New York Wall Street

Trade report on New York dry goods markets

Dry Goods NEW YORK June 7 Wash fabrics and cotton dresses sold more freely in primary markets today. Lightweight knit underwear moved better. Cotton goods generally were quiet. Yarn were slow. Hawalik was quiet with requests for deferred delivery. Burlaps were steady and quiet. Wool goods were unchanged.

Associated Press New York

Aerial Coast Photographs Planned by Un States Officials

A government plan outlines aerial photos of the entire U n States coast for surveying purposes. The move aims to map coastline features and monitor changes, with officials noting potential environmental and security applications.

BP Orakhtione Mba

Cattle Offerings Large Sales Light at Fort Worth Market

Fort Worth June 7 cattle sale saw large receipts around 4 000 head with common quality and weak to lower tone before clearance. Calves steady, keg yard run sold at 1 60 head, top 7 05. Pigs steady 5 70 to 6 00. about 1 500 sheep offered, choice wethers 6 00. Chicago reports uneven cattle, slow and weak to 15 cents lower, steers and yearlings 10 10 to 10 25, hogs steady to 10 cents higher, top 7 25.

Associated Press Fort Worth Choice Wethera

Cattle and Hog Market Report From Bastrop TX June 7

Cattle receipts totalled about 10,000 head with market steady to 15 cents lower. Native steers quoted around 8.45 to 9.50, yearlings 4.00 to 9.50, cows 5.00 to 6.00, canners 2.00 to 1.50. Hogs receipts 11,500 with market slow and 10 to 20 cents lower. top 1.05, bulk 7.00 to 7.00, pigs 8.75 to 0.25, packer sows 5.55 to 5.05.

Associated Presa Bast BT Louis Texas

Market Report From Kansas City Hogs Cattle and Lambs

Kansas City market notes hogs receipts 11 000 holdover 4502 early sales steady to 6 cents lower commodities mostly 6 55 to 6 86 bulk 6 60 to 6 75 packing sows steady to weak stock pigs steady to 15 cents lower bulk 5 85 few 6 25 cattle receipts 6000 holdover 1880 be at heavy eaters strong other grades steady to 25 cents lower early top 11 00 bulls steady canners steady bulk cows 4 25 to 7 00 yearling heifers around 9 00 calves steady choice dealers 9 00 steers about steady Texas offerings 6 40 deep lambs receipts 6000 holdover 15 spring lambs steady to 25 cents higher top natives 15 25 largely 14 75 to 15 25 sheep steady Texas wethers 6 25 to 7 00

Kansas City Texas

Hogs and Cattle Prices Steady at Wichita Market

Special dispatch from Wichita Kansas reports hog receipts about 1,500 with prices top 6.65 and bulk 6.45 to 6.05, top outs 85.50. Cattle receipts around 500 including 100 calves, market generally steady with beef steers 7.0 to 8.00, beef cows 4.00 to 6.50, veal calves 3.00 to 7.00, stockers and feeders 3.0 to 6.00, stock cows and heifers 3.00 to 1.75.

Wichita Kana

Foreign Money Report from Amarillo Yon ies change

Foreign money report from Amarillo Yon provides exchange notes and demand 60 day bills. The document lists Francs and various monetary values, including a 4% rate and references to silver and funds. Location noted as 808 Polk Street.

Amarillo Yon Ies Polk Street

Five Tests Watched by This Section

Leasing activity in the Amarillo oil field shows renewed life with five tests drawing attention. Texas No. 2 Burnett ranch lifted bradenhead at 2850 feet with 50 million cubic feet gas, Silk No. 2 Burnett shows heavy oil at about 2900 feet, Gulf's No. 8 Burnett reportedly has two million feet gas at 2655 test and is being repaired, Tipton No. 1 McConnell section 201 Block 3 Carson drills in black sand at 2825 feet with heavy oil, and Texas Company No. 1 Sanders 3 Block 1 ten miles SE of Lefors drills in shale at 1370 feet.

Amarillo Texas No. 2 Burnett Ranch Bradenhead Burnett Gulf Tipton McConnell Block Carson Texas Company Sanders Lefors

Panhandle Beauty Contest Draws Amarillo Interest

Beautiful young women from the Pan handle gathered in Amarillo for the Panhandle Rock Island lines institute beauty contest. One contestant will receive a Hollywood trip as prize and the Panhandle queen may reach fame. Contestants registered yesterday and were hosted by local homes, with a Legion dance tonight at Municipal Auditorium.

Amarillo Panhandle- Rock Island Lines Institute Hollywood Calif Panhandle American Legion Legion Quarters Municipal Auditorium

Rock Island to Spend Large Sum on Road Here

Rock Island Lines vice president Leon M. Allen said conditions nationwide are improving and the system will invest 18 600 000 for additions and improvements next year. A significant portion funds road work entering Amarillo from Memphis and aims to make the line the direct route to Washington and New York. Allen spoke at the Institute, praised Amarillo’s growth, and met Rotary Club officials.

Rock Island Allen Leon M. Allen Rock Island Lines Institute Chicago Mr. Allen Iime Amarillo Memphis Tenn Washington New York Rotary Club

Legislature Day in Texas Capitol Highlights and Thanks

In Austin on June 7 the Senate passed the Wood departmental appropriation bill totaling 6 568 000 and adopted a conference report on the judiciary appropriation bill. Bills addressing governor's call were introduced in the House while general educational appropriations faced reductions. R M Johnson of Houston addressed the House. The farm block urged passage of a price income tax bill. A card of thanks extends gratitude for kindness and floral tributes following the death of Mrs. G A McCullough with appreciation for Dr. Thompson and funeral conduct.

Austin Senate Wood Baldwin Pope R. M. Johnson Houston United States House G. A. McCullough

Furniture and Trading Co Advertises Used Goods

The Furniture and Trading Company at 112 West 6th St offers new and second hand furniture stoves gas ranges and ice boxes bought for cash and sold on easy credit. Phone 1906 for purchases in their line.

the Furniture & Trading Company West 6Th St

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