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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, 1938

Page

5

Market News Hog and cattle quotes from Kansas City

Heavy hog sales to 8.65 per cwt with 180 to 270 lb animals at 8.55 to 8.65 and 280 to 350 lb at 8.35 to 8.50. Cattle and calves 4,500 head. fed steers and yearlings opening steady to weak with 1279 lb steers at 10.15. Texas grassers at 7.10. butcher cows 5.25 to 6.25. cutters 4.00 to 5.00. top dealers 9.00. Sheep 7,000. Texas grassers 6.50 to 6.75. native lambs above 10.50.

Kansas City Chicago Livestock Chicago Fort Worth Denver U.S.D.A

Livestock Prices Across Midwest Markets Today

Plains Livestock reports U S C A figures for Chicago Fort Worth and Oklahoma City markets with hogs up to 15 cents higher and top at 9.00. Cattle volumes rise with fed steers steady to higher and calves strong. Sheep advance on spring lambs with notable gains and regional price spread across Denver Fort Worth Oklahoma City.

New York Stock List Furnished by E. A. Pierce Co

A New York stock list furnished by E. A. Pierce & Co. shows figures for Marillo Building with entries 6814 28 percent and 6715 28 14. The list presents market figures and percentages likely related to securities.

New York E. A. Pierce & Co Marillo Building Amarillo Building Eb, A. Pierce & Co

Markets in Brief and Stocks in Spotlight

NEW YORK June 7 markets show irregular early rally fading. Highlights include a list of the fifteen most active stocks with closing prices and net changes such as General Motors down 1 percent and U S Steel down 1 4 percent. Other leaders include Anaconda up 4 4 percent and United Corporation down 2 percent.

New York Gen. Motors U. S

Amarillo Markets Carload Wheat Prices and Dow Jones Update

Market notes show Amarillo carload wheat receipts and local price quotes from area grain houses with bids around 0.55 to 0.86 per bushel. In New York, Dow Jones averages edge lower with the Industrials at 113.12, Railroads at 20.55, Utilities at 18.88. Standard Statistics bond indexes for Industrials, Railroads, Utilities, and Bonds are listed.

Texas Sudan Amarillo DOW Jones New York U.P S.esceres Standard Statistics Company

Wall Street Mixed As Early Advances Fizzle

Stocks showed feeble support and irregular trends with copper leading a quiet forenoon advance that faded. Iowa primaries failed to lift sentiment as trading slowed to 371,980 shares. government spending measures and a Senate monopoly probe boosted caution. Notable moves included J C Penney dividend cut and mixed shifts in U S Steel, General Motors, Chrysler, U S Rubber and other majors.

New York Iowa Wall Street Associated Press Senate U. S. Steel General Motors Chrysler Allis Chalmers United Aircraft Texas Corp Sears Roebuck

Wheat gains lift Chicago market as crops disappoint

Chicago wheat rose about 2 percent led by expectations the government loan price will rise. Reports from the Southwest warn of poor yields and low quality with threshing returns as low as six to seven bushels per acre. Nears at Chicago show July around 73 3/4 cents and Sept about 74 1/4 cents, with corn and oats also mixed.

Chicago United States Southwest Anthony Kan Dispatch E. A. Pierce & Comarillo

Chicago Produce Prices Report June 7

Butter supplies move at Chicago market with 1,363,457 lbs traded. Prices show extras and firsts ranging from 22 to 24 cents per pound, creamery specials at 24 1/4 cents, standard carrots at 23 1/4 cents. Eggs firm with 20,652 graded extra or firsts at about 19 1/4 cents. Poultry live across 42 trucks steady. hens over 5 lbs at 18 cents, ducks 41 4 per lb, small birds 12 1/4 to 14 3/4 cents. other prices unchanged.

Chicago

Shrine Opens Celebration at Memorial Coliseum

The United States and Canada Shrine opened its annual convention in Los Angeles with a three day program. Imperial Potentate Walter Sugden of Sisterville presided with Deputy Imperial Potentate Andrew Rahn of Minneapolis take over this week. Other officers included Al Ellis of Wichita Falls as secretary treasurer. Cities bidding for 1939 convention are Baltimore Pittsburgh San Antonio and Atlantic City.

Los Angeles United States Canada Memorial Coliseum Mystic Shrine Imperial Walter 8. Sugden Sisterville W. Va Andrew A. D. Rahn Minneapolis Rahn al Ellis Wichita Falls Tex Baltimore Pittsburgh San Antonio Atlantic City N. J

Cotton Holds Narrow Range in Trading

Cotton prices traded in a tight range in New Orleans with little activity and futures closing near unchanged. July through May contracts posted modest moves while spot cotton remained quiet with only 88 bales sold and middling steady at 8.07.

New Orleans

New Orleans Spot Cotton Closes Quiet Unchanged

Spot cotton in New Orleans for June 7 shows quiet trade with prices steady. Reported figures include low middling 6.82, middling 8.07, good middling 8.62, with 2,054 receipts and total stocks 710,424.

New Orleans

Cotton price report from southern spot markets

New Orleans June 7 The average price of middling cotton at 10 southern spot markets was 7.96 cents per pound. The 30 market days average stands at 8.44 cents per pound.

Fort Worth New Orleans

Cottonseed quotations for Texas mills released

Western Feeders Supply Company lists cottonseed prices for Texas mills. Prime loose hulls per ton 7.00 to 8.00 dollars. Prime cold pressed seed per ton 20.00 to 21.00 dollars. Prime cracked screened meal and cake 43 percent protein per ton 23.50 to 24.50 dollars.

Fort Worth U.P Suply Company Texas Mills

Summer School Spanish Class Opens at Amarillo High

Amarillo High School offers a new summer session with first and second year Spanish now operating. Enrollment remains open in bookkeeping typing and band. Students may enroll by contacting Mr. McDonald at the high school for details, with wind instrument players urged to join the band.

Amarillo T. H. McDonald McDonald

J C Penney Jr Dies at 34 in Phoenix

J C Penney Jr son of the nationally known merchant died of pneumonia in Phoenix after a three day illness. He was 34 and had come to Arizona four years ago to grow citrus, later working as an insurance salesman. He was a Harvard graduate.

Phoenix Ariz J. C. Penney, Jr Harvard

Sweetwater Plans For Hereford Sale and History

Sweetwater schedules a 75 head Hereford auction June 20 led by Judge Charles W. Lewis owner of a herd begun by his father the late John R. Lewis The sale includes 55 of the family herd plus 20 cows from White Hat Ranch Blackwell Arkansas details trace Hereford origin in the region and a tie to the 1888 Dallas State Fair purchase of Page of Honor and Peach 4th by John R. Lewis

Sweetwater Charles W. Lewis John R. Lewis Dallas Downton Grand Duke Peach West Texas Judge Lewis Jack Frost White Hat Blackwell

State Gas Regulation Strained Over Tax Revenue Fight

A Texas report states the gas utilities regulatory system faces crippling funding as Lone Star Gas refuses to fully pay the regulation tax while a court challenge awaits. Officials from the attorney general and railroad commission conferred with Lone Star attorneys, with no agreement. Possible fixes include emergency funding from Gov Allred or a fall special session, though both are uncertain.

Austin Attorney General's Department Lone Star Gas Company Lone Star Attorney General Gas Utilities Division Railroad Commission McCraw Bay City James V. Allred Allred

Texas gas pipeline tax suit set for next Monday

Austin June 7 The Arkansas Louisiana Gas Company asked for a ruling on the Texas law taxing gas pipelines for utility regulation in 98th district court. The company argues the levy of one fourth of one percent of gross receipts is valid only if not discriminatory and cites different bases for burner up and gate rates. It notes the firm distributes gas in East Texas and mentions related railway history in China and a fatal road accident context.

Austin Arkansas-Louisiana Gas Company 98Th District Court State Railroad Commission Arkansas Louisiana Company Arkansas-Louisiana East Texas

Consignment Means 68 Cows and Bulls for Sale

The listing states 68 cows will be consigned along with two herd bulls and five young prospective herd bulls for sale.

Roosevelt Co Test Drilling Below 2800 Feet

In Roosevelt County near Portales the Grastorf-Caudill wildcat Smith No 1 in the NE1 of Sec 1 T4S R29E is drilling below 2800 feet in dark gray lime. A 10 inch casing extends to about 3500 feet then reduced to 8 inch. Drillers Leo Spence and Joe Vetter say if no production at 3600 feet the hole may be drilled several thousand feet deeper.

Portales Grastorf - Caudill Wildcat Smith No. 1 Roosevelt County Leo Spence Joe Vetter

Geo Baird Departs for New York City on Company Mission

George Baird former Amarillo Gas Co aide to President RK Wertz travels from Amarillo to New York after a weeklong visit on Consolidated Oil Corporation business. He returns home today.

George Baird Rk, FE. Wertz Amarillo Gas Company New York Consolidated Oil Corporation

Hearing set on Starr County oil well structure rules

Notice issued in Austin on June 7 announces a hearing for June 13 to decide if the Lee B. Davis Eastern Oil Company well in Starr County is producing from the same structure as other Starr County wells and to consider the need for special rules and regulations.

Austin Tex U.R Lee Davis-Eastern Oil Company Starr County

Barnsdall Deep Test Drilling Below 5330 Feet

The Barnsdall deep test in the NW SE 5-18 on Cimarron County Oklahoma is drilling below 5330 feet into shale formation.

Barnsdall Conter NW SE Cimarron County Okla

Hall County Co op elects officers and directors

At the annual meeting of Farmers Union Gin Cooperative Co. in Memphis on June 7 special, EB M Ewen was elected president, Ernest Gip McMurry vice president, and M Cosby re elected secretary manager. The board includes Jim Webster Jeff Thompson and EB A Thomas. The company owns and operates four guns, two in Memphis one at Bi and one at Plaska.

Memphis Farmers Union Gin Cooperative Co EB. M. Ewen Ernest Gip) McMurry M. Cosby Jim Webster Jeff Thompson A. Thomas Plaska

Electricity Gains As Pumping Power

W H Stueve of the Oklahoma Gas and Electric Co told the ASME division that 85 percent of oil wells are produced artificially. He cited a 1938 projection of 14 709 wells to be powered with some form of energy, about 38 percent by electric motors while gas engines would outnumber electric three to one due to gas abundance and lack of market.

Dallas Oil and Gas Power Division American Society of Mechanical Engineers W. H. Stueve Oklahoma Gas and Electric Company Stueve

Matches production with Okla Wells

The corporation commission lifted proration limits on the Cald well oil pool in Sumner County to allow Kansas wells at the 2 state pool to match Oklahoma wells. The order notes Oklahoma wells are not prorated or restricted. Four Kansas wells had a May allowable of 2,512 barrels.

Wichita, Kas Corporation Commission Caldwell Sumner County Kansas Oklahoma

Dr Sellards Visits Amarillo Geology Group

Dr EBH Sellards director of the bureau of economic geology at Texas University visits Amarillo to confer with local geologists on deeper formations in the state for Volume 4 of the Geology of Texas bulletin. He has lectured before the Panhandle Geological Society. Swords over 500 years old are reported in use in the Sino Japanese war.

EB. H. Sellards Bureau of Economic Geology Texas University Amarillo Texas Seilards Panhandle

Convicts Escape From Arizona Penitentiary Farm

A group of about a dozen inmates attacked Joe Lazear outside the Florence prison farm, wounding him fatally near the heart and lungs and disarming several guards. Sheriff Laveen reported four to five escapees in a prison truck. exact numbers remain unclear.

Florence Ariz Arizona Penitentiary Here Joe Lazear Walter Laveen Lazear T. B. Steward

British World War II letter censorship figures

The record notes that during the war the average number of letters censored daily by Britain reached 375 517, reflecting stringent wartime mail controls and censorship practices.

Gold Medal Haarlem Oil Capsules advert

Advertises Gold Medal Haarlem Oil Capsules as a diuretic for kidney and bladder troubles. Claims a 35 cent box will flush out waste, relieve symptoms like frequent urination, backache, and puffy eyes, and promotes the capsules as genuine from Haarlem, Holland.

Haarlem Holland

Also Mentioned on This Page

Oklahoma City Avge Price Daniel Tulsa Reed Schultz, Follett Prev Close Allied Chemical & Dye Allied Stores American Locomotive American Power & Light Americaga Rolling Millse Baldwin Locomotive Baltimore & Ohio Barnsdall Oil Bendix Aviation Tower Bethlehem Steel jCase J I & Co Retevewen Celanese Cor Chicago Pneumatic Tool Columbia Gas & Electric Commonwealth & Southern Del Consolidated Oil Continental Oil Crosley Curtiss Wright Douglas Aircraft Dupont Dre Iigeorte General Baking Oma General Electric Veeeneral Foods En Pub Service Illette Safety Razor Imbel Bros Manville Weeyfenls Kennecott Copper Ae foarshall-Field Betereeenee Artin Relhycie Alee Onera Reverenie I Jami Copper id-Continent Petroleum Inneapols Moline iontgomery-Ward ash-Kelvinator TM Northern Pacific Teee Ohio Oil Teveeveressere Rece Qi Otis Steel Constriesis Wees the & —P—teens Packard Motors Aramount Pictures A Eeenee Penney Cowee Pennsylvania Rrll Petroleum Corp Phillips Petroleum Pittsburgh Screw & Bolt Pullman Company Otneas Pupre Neceee Sos Reethaeue Radio Corsavarette Radio-Keith-Orpheum Remington Rand Aeeee Reo Motors Republic Steel Reynolds Tobacco Te Schenley Distillers St Joseph Sea + ween Seaboard Oil Seemann Sears Roebuck Etmee Eens Servel Inc Sessenden A Simmons Co Aeee Tee Skeley Oil Socony Southern Pacific RR Standard Brands Southern Railway Calif Ind Stewart-Warner Stone & Webster O Studebaker Oscene United Gas Improvement i U S Rubber U S Steel Warner Bros. Pictures Western Union Er A Revolse Maracaibo Arkansas Natural Gas Share i Hecla Gulf Oil Corp Lockheed Aircraft Etews Niagara Hudson Power Ty Pantepee O11 Co Southland Sunray United Gas Corp Utah Idaho Sugar Amarillo Markets Nme Exchange Marian Richardson Jean Pierce Buffalo N. Y Miss Richardson Floyd County Indiana Washington, D. C Sweetwater Planning Hereford China Shanghai Woosung Roosevelt Co Geo. Baird New York City Hall County Co-op L. C. Whitney Dr. Sellards Lewis Hunter Brand de Handman Kentucky Wm. Jameson and Company, Inc Joe Mister Walsh Morocco Palooka Legion D’etrangere Foreign Legion ZE Foreign Legion M’sieu Huh Wazzat Nowheres Bark Ranch Bela Lanan Waurdesneys By L. Allen Heine Lucy Wharton Molly Crabb WM. Wharton Arizona
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