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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 08, 1932
Page
7
Wheat prices slide to season low on Chicago market on June 7 as prospects of bumper Canada United States crops and weak US export demand weigh. Ongoing rain in the northwest supports expectations of large crops. domestic stocks high. corn and oats move differently with hogs lifting provisions.
Fort Worth June 7. Strong demand for all grains on cash grain market. Wheat No 1 ordinary hard milling 58 to 54 cents, No 1 hard 13 percent protein 54 to 55 cents, No 1 hard 14 percent 55 to 56 and 7, No 1 hard 16 percent 65 to 67 cents. Barley No 2 40 to 31 cents. Sorghums No 2 yellow milo and No 2 white kaffir 70 to 71 cents per 100 pounds. Corn No 2 mixed 89 to 91 and no white 39 to 41 cents. No 2 yellow 46 to 47 cents. Oats No 2 red 22 to 28 cents.
Boston wool houses report trade at a standstill with limited current requirements. In Texas at San Angelo the Sopora Wool and Mohair Co sold about 107000 pounds of 12 months wool in a sealed bid auction, averaging about ten cents per pound.
Call money steady at 2 1/4 percent all day. Time loans firm with 69 to 90 days at 1 1/4 percent or 0.25 points. 4 to 6 months at 1 1/4 percent. Prime commercial paper quoted at 2 3/4 to 3 percent. Bankers' acceptances unchanged.
Midwestern Livestock Review from Kansas City reports steady to 25 higher prices for fed steers and yearlings, with better grade loads at 7.25 to 7.50 and most between 5.50 and 7.00. Hogs are steady to higher, top 3.60 in Chicago. lambs and yearlings firm, with most lambs 6.00 to 7.85 and some at 7.50. Kansas City and USDA figures show similar ranges for cattle, calves, and stockers. top 7.50 for 1180 lb steers and 5.75 for vealers.
Chicago wholesale prices for hogs cattle calves and sheep on June 7 show steadiness across major categories. Hogs 180-220 lbs 3.45 to 3.60 top. pigs 3.00 to 3.25. sows 2.50 to 2.85. Cattle 7,000 with light steers up to 7.65 and heavies to 7.50. slaughter cattle and vealers firm with steers 6.26 to 7.75, cows 3.50 to 5.00. Sheep 8,000 with lambs advancing and best natives 6.75 to 7.35. outsiders 7.50 to 7.75. Calif. fed 7.10 to 7.85. yearlings 5.75. light lambs 6.00 to 6.75.
Hogs: 400 head steady to lower, truck hogs 3.10, mixed grades 3.00 or less, packing sows 2.25. Cattle 2,100 head, calves 500, mostly steady. plain grass cattle dull, best two year olds 5.50, fat cows 3.00, slaughter calves steady. vealers 4.65. fat calves 4.25. cull sorts 1.50 1.75. Sheep 15,000 head. fat lambs 4.25 4.50, yearlings 3.60 to 8.50, aged wethers 1.50 higher.
Live cattle, hogs and sheep trades listed for St Joseph Missouri and Oklahoma City Oklahoma on June 7. Steers around 6.80 dollars, calves and yearlings with varied prices, hogs largely steady with tops near 3.10, sheep gains led by native lambs to about 6.50. Additional quotes include stockers and feeders and branded lots with mixed weights and values.
Wichita cattle 900 head. better fed steers steady. hogs 8200, closed 5c higher with top 8.00 on car lots. sheep 800, native lambs up to 5.75. Denver cattle 450 steady to strong. hogs 8,000 steady. sheep 4,500 steady. Amarillo butcher hogs 160-230 lb at 2.50. Cudahy Packing Co. at stockyards.
New York June 7. Coffee eased as Brazilian selling limited trading. No. 7 settled 2 to 8 lower while Santos fell 6 to 9. Closing quotes show No. 7 at 6.43 for July, with other positions ranging down. Santos futures declined across several months and spot market stayed quiet.
Chicago market summary shows eggs receipts 24,883 cases with various grades, poultry receipts 56 trucks with fowls and leghorns priced, cheese quoted Twins and Young Americas, potatoes on track with arrivals and shipments, market described as dull to steady with regional pricing notes from Southern Bisks Triumphs to Idaho russets.
New York sugar dealers report firm spot prices at 2.62 with refiners steady and holders asking slightly higher. July to May futures rise 3 to 5 points on market firmness and Cuban quota chatter, refinedSugar unchanged at 8.75 with strong inquiry for refined product.
New York stocks softened in a languid session with volume at 823,050 shares as utilities and food issues weakened. Bond activity improved amid positive sentiment from Congress relief measures and the tax bill, while curb trading showed dullness with limited price movement across issues.
Cotton futures closed modestly higher amid late session covering and weather optimism. July dipped briefly after opening gains but recovered to finish near 5.14, while New Orleans prices showed steady gains with July at 6.14 and October at 5.06. Port and export figures were released for the week and season.
June 7 report from Paducah notes planting in Cottle County is nearly finished and favorable weather indicators suggest a bumper crop for the area.
Dallas reports spot cotton steady with varied grade prices from low ordinary to middling, listing bales and F O B figures for today and yesterday. Cottonseed oil in New York shows quiet trading with unchanged prices, while crude oil moves modestly. Prime cotton and seed products are noted with specific price ranges for oil, meal and hulls.
The chief justice of the United States Supreme Court earns 20500 dollars annually.
Two district candidates draw no opposition on the official ballot as filing closes at midnight Monday. Marvin Jones seeks re election and Grady Hazlewood runs for district attorney. Other races also closed include the Court of Civil Appeals Perry Pearson A B Martin, Texas Senate Clint Small Dave Shanks, and 128th district Clyde Warwick H K Stanfield. Filing for remaining offices ends June 18.
Representatives of John B. Golding Post of the Veterans of Foreign Wars to attend the department convention in Galveston July 5 7 will be selected at the regular meeting of the post at the Legion Home tonight at 8 o clock Mrs Zane Smith will preside at the meeting of the Auxiliary tonight Gus Barkas and his kitchen police will prepare refreshments for tonight s social meeting immediately after the business sessions.
The Junior Welfare League sponsors the Amarillo Athletic Club opening on Saturday night at 9 o clock with a dance to mark the event.
In the District Court of the United States Northern District of Texas Amarillo division, Ivo Nicholas Novakovich of Amarillo Texas was adjudicated bankrupt. A creditors meeting is set for June 16 1932 at 9:00 AM in Amarillo to prove claims appoint a trustee and examine the bankrupt. Creditors are urged to review books and invoices beforehand.
The assets of the bankrupt estate of Novakovich will be sold at public outcry to the highest cash bidder at the bankrupt store building in Amarillo Texas at two o clock in the afternoon. The inventory includes stock of merchandise in the public market, furniture fixtures and equipment and accounts receivable with additional assets including real estate equity. The sale is subject to valid indebtedness and inspection is by application to Ben H Stone Referee in Bankruptcy Amarillo Texas.
Mrs Mat Howard of Quilan Texas describes Cardus aiding her during a critical period. She reports improvement after use and says she has given Cardus to her five daughters with each noting reduced nervousness and increased strength.
Empire Gas & Fuel Co reports No. 1 Walker at Luling shows 20 barrels per hour oil and 750 pounds gas pressure after a drill stem test. Offsets Bob Rose discovery well with casing planned and bore carried to 2200 feet but no further exploration deemed warranted.
Austin June 7 The states second amended original petition in the commonwealths suit to oust certain oil corporations for alleged anti trust law violation today continued to stand against the defendants lawyers Angriffs J D Moore judge Travis County district court overruled the defendants exceptions to references to a general conspiracy said by the state to have been entered into by the defendants to control the marketing of gasoline and petroleum products They contended the states allegations were too vague and indefinite in attempting to cite facts to warrant the court permitting such references to stand
Radio schedule across networks CBS NBC and regional chains outlines programs for Midwest South East and Mountain zones. Listings include Big Time Old Counsellor Mendoza Orch Kate Smith Guy Lombardo Crime Syndicate health adventures in health and various orchestras with start times from 6:00 to 10:80 PM.
Oil and Gas Journal reports crude production nationwide rose by 1 580 barrels daily to 2 160 905, with Oklahoma up 8 020 to 407 535 and Texas up 12 893 to 889 258. East Texas up 15 257 to 349 922 while California fell to 480 000 and Rocky Mountain region down 3 633 to 81 422.
Notice issued states the State Railroad Commission will hold a June 21 hearing in Austin to set a new daily oil production limit for the East Texan field. The current order allows 325000 barrels per day and expires July 1. A Conroe field hearing is planned in Houston soon.
Judge M L Nelson Jr finished setting criminal and civil cases for the eight week June term of county court at law. Thirteen defendants appear on the criminal docket with bonds forfeited for Flynn Williams on a pistol charge and A A Walker for stripping an automobile.
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