Commodity Break Unsettles Mart U. S. Steel Falls Below Par
Market activity weakened after an early firm tone as United States Steel fell below par leading declines across steel and rail issues. Oils and rubbers slipped. several groups including non ferrous metals and farm implements fell. a few stocks gained such as American Telephone and Western Union. July wheat fell while bonds showed irregular movement amid broad trading volumes.
MENTIONED IN THIS ARTICLE
New York
United States
Masonite Corporation
Homestake
American Telephone
Western Union
Canada Dry
Dome Mines
Interstate Department Stores
Newport Industries
American International
Markets in Brief New York Cotton and Coffee Steady
Market summary: stocks lower, metals pull back while bonds show mixed price trends. Curb market eases with fractional losses. Foreign exchange mixed with francs and sterling down. Cotton soft on favorable weather and selling. Sugar weak on weak demand. Coffee steady from covering. Wheat down on corn, corn weak from heavy selling. Cattle better but steers fall. hogs up 5 to 10 cents, top $11.06.
MENTIONED IN THIS ARTICLE
New York
Chicago
Extreme Breaks In Corn Stir Market Across Grain List
Chicago reports sharp four cent corn break unsettles grains and boosts corn selling as favorable progress on the domestic crop and ample Argentine arrivals weigh against wheat. Cash grain shows varied prices across wheat corn oats rye and barley with no sales in some markets and notable lows and highs in others.
MENTIONED IN THIS ARTICLE
Chicago
U.P
Fort Worth
Foreign exchange rates listed for major currencies in New York
The New York foreign exchange market quotes mixed rates with Britain in dollars and others in cents. Demands and cables show varying figures for France Italy Belgium Germany Sweden Holland Norway Denmark Finland Switzerland Portugal Greece Poland Czechoslovakia Yugoslavia Austria Hungary Romania Argentina Brazil Japan China and other markets. The bulletin notes N nominal values and cross-border quotes across major centers.
MENTIONED IN THIS ARTICLE
Foreign Exchange
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Finland
Switzerland
Spain
Portugal
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Hungary
Rumania
Argentine
Brazil
Tokyo
Shanghai
Hongkong
Mexico City
Montreal
Chicago Produce Prices Mixed Across Dairy Poultry and Eggs
Chicago market daily on June 7 reports unsettled egg receipts at 49 332 cases with various grades and prices including extra firsts at 19 cents, dirties at 1634 cents, and current receipts 17 percent. Butter steady with multiple grade prices, poultry steady with ranges for ducks geese broilers hens and turkeys, and cheese prices for Twins daisies longhorns listed.
MENTIONED IN THIS ARTICLE
Chicago
U.P
Dallas Produce Market Report
In Dallas on June 7 prices for poultry fryers 18 to 20 cents per pound hens 10 to 12 cents per pound and turkeys 8 to 12 cents per pound. Eggs No 1 candled 4.50 to 4.80 per case butter creamery 30 cents and butter fat 22 to 24 cents per pound.
MENTIONED IN THIS ARTICLE
Dallas
U.P
Amarillo Grain Prices and Carload Wheat Report
Amarillo market notes show basis carload lots to Texas common points with receipts of wheat and Sudan. Prices for new wheat range around 1.10 to 1.49 per 100 pounds, with kafir and related grains listed by local grain houses. Prices vary by house and grain type across Amarillo resulting in a fluctuating regional feed and milling market.
MENTIONED IN THIS ARTICLE
Texas
Sudan
Amarillo
Livestock Markets Steady to Higher in Kansas City and Chicago
Kansas City and Chicago livestock markets show steady to higher demand. Hogs mostly 5-10 cents up with tops near 11.60 in Chicago. cattle and calves active, prices mixed but generally firm, with steady to higher quotes on yearlings and fat cows. spring lambs and yearlings show mixed movements as buyers assess supply.
Hogs Steady to Lower as Strike Slows St. Louis Market
In St Louis Missouri on June 7 USDA reports slow hog bidding due to yard workers strike with about 28 000 hogs showing for sale prices mostly 25 lower than average with top at 11 50 for 190 240 lb hogs a few 10 10 sows noted Cattle and calves trades very uneven bids with some steers down toward 10 00 and limited activity overall Sheep action quiet with 8000 head offered and Texas clipped lambs 3500 billed through balance mostly spring lambs
MENTIONED IN THIS ARTICLE
Kansas City
Texas
Arizona
Chicago Livestock
Chicago
USDA
ST. Louis
Ill
Oklahoma City
Omaha and Wichita Livestock Prices Report June 7
Omaha market shows hogs 2,500 with steady to higher trade and top hogs at 11.35 to 11.40 while cattle and calves mostly steady to strong led by fed steers and yearlings. Wichita notes cattle 2,500 with fair activity and hogs up about 5 cents, top at 11.30 for choice 195-280 lb, sheep and lambs mixed with softer spring lambs.
Boston Wool Prices Hold Firm Despite Buyer Resistance
Buyers showed resistance to recent price advances on country packed medium fleece wools today. Quotations remained fairly firm with medium grade Ohio and Michigan fleece wools in lots of three eighths and quarter blood combing and clothing lengths offered mainly 41 to 42 cents in the grease delivered east. Western mixed lots were held around 40 cents in the grease delivered.
MENTIONED IN THIS ARTICLE
Boston
Ohio
Michigan
Sugar market steady with July and September futures mixed
In New York on June 7, raw sugar held at 3.35 for spots while No. 4 rose 0 to 14. July futures slipped from 1.22 and rolled to Sept 1.25 to No. 3. Quotes showed July 2.46B, Sept 2.48B, and other months around 2.38B to 2.48N. Refined grade unchanged at 4.70 for fine granulated.
MENTIONED IN THIS ARTICLE
New York
St Louis Produce Prices Reported for June
In St Louis on June 7 the market lists Mo. standards 1812, Mo. No. 1 16 percent. Butter creamery extras 30-23. standards 30. firsts 26 percent. Poultry prices show hens 14-15. Leghorns 9-12 to 11-19. springs 22-24. spring Leghorns 17. turkeys hens 15. toms 13. No. 2 9. Ducks spring white 15. old white 12. small or dark 11. geese 5.
MENTIONED IN THIS ARTICLE
ST. Louis
Eges
Money Rates New York Bankers Loans and Rates
Money market notes from New York report call money steady at 1 percent all day. Prime commercial paper 1 percent. Time loans steady for 60 to 90 days at 14 to 4 percent and 4 to 6 months at 11 percent. Bankers' acceptances unchanged: 30 days 14 1 16, 60-90 days 9 16, 4 months 9 16, 5-6 months 9 16. Rediscount rate at the Reserve Bank 1 percent.
MENTIONED IN THIS ARTICLE
New York
Reserve Bank
Metals Market Report Highlights Copper and Tin Movements
Copper holds at 14.00 spot and nearby futures 14.30 export 14.30. Tin firm at 56.25 spot and 56.00 futures. Lead steady with New York spot 6.00 to 6.05 and East St Louis 5.85. Zinc steady with East Ston spot and futures at 6.75. Values noted for Tron, No. B, Eastern Pennsylvania 3560, Buffalo 2400, Alabama 20.00.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
East Ston
Tron
Coffee Market Update From New York Trading Floor
Coffee prices and muted activity reported in New York where 41 Spot coffee closed dull but steady. Santos 46 sold around 11% and 949¢ rings. Santos 4s offered for prompt shipment at 11.45¢ to 11.75¢.
MENTIONED IN THIS ARTICLE
New York
Santos
Heavy Liquidation Drives Cotton Down Two Dollars a Bale
New Orleans reports heavy liquidation of the July position and sympathetic selling in other months, with declines of 35 to 42 points. Prices closed mostly lower. July at 12.21, October 12.28, December 12.40, January 12.42, March 12.44, May 12.46. Spot middling 12.61. New York market followed with slumps of around two dollars in sinew of crop optimism and liquidation, closing July 12.29, October 12.28-29, December 12.27, with spot 12.79 and exports 3,099 for the day.
MENTIONED IN THIS ARTICLE
Phil Pet
Pullman
Rteeet
RKO
St Jos
SRS
Schenley
Sead Air
Sead Oil
Sears Aepges
Serveleeee
Shell
Hay
Simmons
Simms Pet
Ah Socony
Sia Sou Ry
Sperry Wane
SO Cal Yee
SO Indi
nA + SON J
Ste Warn
Studler Sesee
Tex Gulf Pr
Tex Corp
Tex Gulf Sul
T Pp C&o
Transam
Unt Corp
West Union
el M
Y White Motor Ae
Wilson
Woolworth
New York
CURB
Ark Gas
Asso Gas
Carnation Scan
Sve
Cosden
Ford Ltd
York Bonds
Australia
Italy
Heen AN
Nec
Japan
Eanneee
Poland
Beth Steel
New Orleans
Burlington
Great West
Galveston
Mobile
Erierf
Rock Island
Beeeaae AX
Savannah
Charleston
Goodyear
Wilmington
Southern Pac
St. Louis
U. S
Little Rock
Wort
Treasury
Montgomery
Atlanta
Refoe Sae
Avia Ehaevee
Associated Press
Eeenee
T— Baldwin Sutede
Este al al al Ad Balt & Ohio
Barnsdall
Rail Indus Util Fren
Bendix
Beth Sd
Borden
Briggs
Budd Whitly
Alti
Col Gas Elec Eee
Associated Press) Ltd
du Pont de Doug Air
DOW Jones
Mill Uv
Pub Service
Genea Sane Ace
Goodrich Topcouns
Goodyear Ac Een
Gt Nor Cteer
No Ry Pvesise
Hydro
Kennecott
Kresge
Loews
Lorillard
Marsh Field
Mid
Murray Ae. Sasaes
Nor Am Bee
Nor Pac
Ohio Oil
el Weaver
Packard
Penn RR Org
Petro Corp
Beware
Longs
Commission House
Liverpool
Cotton market mixed as spot values slip in New Orleans
Average Middling cotton across ten southern markets sits at 12.57 cents per pound. New Orleans spot closes quietly at 12.61 middling with a 43 point drop, while Galveston reports steady prices and Liverpool quotes show minor shifts. Cottonseed and oil futures move lower on sparse demand.
MENTIONED IN THIS ARTICLE
New Orleans
Turpentine Market Report from Savannah Early June
Turpentine firm reports June tallies with sales 281 receipts 381 shipments 287 and stock 28 273, Rosin firm shows sales 649 percent receipts 1 952 shipments 480 and stock 46 648. Quotations list B 7.50 D 740 85 E 7.85 F G BH J K 8.1244 May N 8.15 WG 825 WW X 9.20.
MENTIONED IN THIS ARTICLE
Savannah
Produce prices in Fort Worth market report
Fort Worth market notes show produce and poultry prices dated June 7. Prices for hens 9-12%4, turkeys 77-1245, Fegs-No. 1 $435-450 per case, butter Creamery at 35 and butter fat 25.
MENTIONED IN THIS ARTICLE
Fort Worth
U.P
Bar Silver Steady in New York Trade
Bar silver held at 45 in New York trading, with prices steady and unchanged from prior session. Market activity remained subdued as investors waited for further cues.
MENTIONED IN THIS ARTICLE
New York
Kingsford Smith to be honored with Mascot memorial
Sir Charles Kingsford Smith, the famed Australian flier who vanished during a England to Australia flight 18 months ago, will be commemorated with a memorial at Mascot Aerodrome. His plane the Southern Cross and other relics will be housed in the building.
MENTIONED IN THIS ARTICLE
Australia
FLIER
Sydney
Charles Kingsford-Smith
England
Mascot Aerodrome
Cotton and textiles market steadies in New York trade
June 7 report from DRY-GOODS NEW YORK notes steady prices for cotton goods and burlap, little change in raw silk, fair volume for rayon yarns, and brisk demand for tropical worsted cloths and wool goods.
MENTIONED IN THIS ARTICLE
New York
Connally Seeks Conference On Hot Oil Bill Extension
Sen. Tom Connally of Texas said he would demand a Senate House conference on his hot oil bill. The House amended it to a two year extension, not permanent, with action expected in the Senate today. If no agreement to permanence, Connally would press for four to six years. The act, expiring June 16, extends federal power to prosecute shipping oil produced against state laws across state lines.
MENTIONED IN THIS ARTICLE
Washington
Tom Connally
Texas
Senate House
House
Senate
Baytown Delegates Elect Delayed For Humble Plant
Baytown workers at the Humble Oil and Refining Baytown plant postponed the election of 47 delegates representing 2,700 employees as a bargaining body. W A Thomas, federation head and conciliator, was detained in Fort Worth by a gas strike. In the United States, 794 people were killed by tornadoes in 1925.
MENTIONED IN THIS ARTICLE
Baytown
Humble Oil and Refining Company
W. A. Thomas
Fort Worth
Lone Star Gas Company
United States
Gusher Promised In Shuler Field At El Dorado Ark
Experts report a drill stem test on the Morgan Bi well in Shuler field shows gas and oil with potential production of 10 000 to 15 000 barrels daily and 25 to 50 million cubic feet of gas. The test depth ranged 5731 to 5741 feet, best showing to date and below the discovery well.
MENTIONED IN THIS ARTICLE
Gusher
Shuler Field
el Dorado Ark
EL Dorado
Ark
Lion Oi Refining Company
Morgan Bi
Shuler
Alice Sidney of Co
Elizabeth Barrett Letters Bring 18000 at Auction
Manuscripts and unpublished letters by Elizabeth Barrett Browning describing her romance and elopement with poet Robert Browning sold for £3000 at public auction. The items were from the collection of Mrs. Browning’s nephew, Lieut.-Col. H. P. Moulton Barrett.
MENTIONED IN THIS ARTICLE
Elizabeth Barrett
London
Robert Browning
Medical technology course offered at Macalester College
A rare program will start next fall at Macalester College in St Paul. The three year preparatory requirement restricts the course to a selected group of technicians.
MENTIONED IN THIS ARTICLE
ST. Paul
United States
Macalester College
Radio Schedule Highlights From KGNC Tuesday
A detailed onscreen timetable lists KGNC programming for Tuesday including The Church in the Wildwood, Eye Opener, Panhandle Cowboy, Breakfast Club, The Musical Clock, Dean Brothers, Ma Perkins, George Hall Orchestra, National Farm and Home Hour, Xavier Cugat, The Guiding Light, baseball scores, and NBC features through the evening with multiple news, music, and variety segments.
MENTIONED IN THIS ARTICLE
NBC
Vaughn de Leath
Dean Brothers
Ma Perkins
George Hall
National Farm and Home Hour
Levy
Micro News
Xavier Cugat
Dia
Betty
Bob
Sons of the West
the Guiding Light
Escorts
Don Winslow
The
Navy
Sgt. R. A. Jackson
Looks Favorable For Compact Act In Near Future
W J Holloway attorney for the Interstate Oil Compact Commission predicts Congress will ratify a renewed five state oil compact if President Roosevelt favors it. States already approving include Texas Oklahoma Kansas New Mexico and Colorado with Illinois in the current pact and Louisiana eyed to join. Holloway expects White House action soon and has asked Senator Elmer Thomas to draft ratification language.
MENTIONED IN THIS ARTICLE
Washington
W. J. Holloway
Oklahoma City
Atttorney
Interstate Oil Compact Commission
Congress
Roosevelt
New Orleans
Texas
Oklahoma
Kansas
New Mexico
Colorado
Thinois
Commission
Louisiana
Holloway
Seaboard
White House
Elmer Thomas
FE. O. Thompson
Texas Railroad Commission
Compact
Price Rise in Pennsylvania Oil Shifts Crude Rates
The South Penn Oil Company announced a 15 cent per barrel increase for all Pennsylvania crude grades starting today. New prices vary by district with Bradford and Allegheny at 2.82, southwest pipes at 2.57, Eureka lines at 2.52, and Buckeye lines at 2.37 per barrel. A separate notice from New Orleans lists a May 17 1937 seizure of a Chevrolet Coupe in Hall County Texas for tax violations. claims must be filed by June 24 1937 or the car will be forfeited.
MENTIONED IN THIS ARTICLE
Pittsburgh
South Penn Oil Company
Pennsylvania
Bradford
Alleghany
Eureka
Buckeye
Treasury Department
Bureau of Internal Revenue
Alcohol Tax Unit
New Orleans
Louisiana
Hall County
Texas
United States
Internal Revenue
Pere Maraquette
U. S
N. Collier
Also Mentioned on This Page
Wall Street
Creole Petroleum
Arkansas Natural Gas
Electric Road & Share
Technicolor
Montgomery Ward
Great Atlantic & Pacific
United Gas
International Petroleum
Pure Oil
Socony
Yellow Cab
Steel
Gen Motors
Arm Til
Texas Corp
Conson
Dent St
Mg Repub Steel
Edmonton
Nashville
Winnemucca
Minnedosa
Abilene
State
Boise
Idaho
Orbenseers
Brownsville
Til
Cincinnati
Corpus Christi
Steaweyerees del
Town
Detroit
Mich
Dodge City
Kan
Can
el Paso
Cal
Havre
Mont
Helena
Huron
Fila
Jacksonville
Kamloops
N. Erent
Eeabeee
Phoenix, Ariz
Portland
Ore
Pueblo, Colo
Sheridan
Wyo
Wees
Shreveport
Springfield
Washington, D. C
Wichita
Williston
N.C
Winnemucea
Amarillo Markets
Omaha
Neb
Wichita Livestock
Kas
Standard Statistics Company
F.o.b
Supnis Company
Texas Mills
Petroleum News
Casey Jones
Luther Jones
Casey” Jones
Ernest Mascarenas
Jackson
Tenn
Connally
KGNC
Benno Rabinoff
Bangs
Bonnie Stewart
Melva Hagen
Phil Duey
Patti Chapin
National Youth Administration
Inner Hous
America Family Robinson
Lives of the Great
Fidel Reyer
Total Eclipse of Sun
Richard Leibert
Playland Casino Orchestra
Lloyd Snyder
George Olson
Trianon Ballroom
H. V. Robertson & Co
Oliver Eakle Bidg
Austin Ripley
WFAA
WBAP
Makers
Board OF Insurance Commissioners
State OF Texas
Austin
National Union Fire Insurance Company
R. L. Daniel
Zephyr
Aire Planes
Amarillo Fort Worth
Sweetwater
Wichita Falls
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