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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 08, 1946
Page
6
New York markets show irregular trading with some advances in special issues and rails bonds inching higher. Cotton remains firm on mill buying while Chicago wheat holds at ceilings and corn sits unchanged to five cents higher amid active trade. Cattle supplies remain tight, keeping the practical top unclear.
A remark highlights a private collection described as beneath an elm tree. The note, distributed by Joeneens Syndicate, nc, frames the item as exclusive and publicizing it through a syndicate channel.
New York shares closed with selective gains amid mixed action after five uneven sessions. Chrysler dipped early then steadied to near unchanged as volume reached 1,020,000 shares. Sweets Co and Monsanto rose on earnings and split hopes while Studebaker and others posted modest moves. Leaders like U S Steel and National Power kept gains, while General Motors and American Telephone lagged. Bonds stayed narrow.
In Chicago on June 7 sentiment favored higher grain prices with all contracts hitting OPA ceilings at times. Oats gained 2 1/4 to 3 1/8 cents, July at 88 cents. Corn steady to 5 cents higher. Wheat trading around 1.98 and rye at 1.58. bid prices on barley unchanged.
Stock market quotations from Fort Worth list Wheat No. 1 hard at 1.96 to 2.0455 dollars per bushel and Oats No. 3 red at 9.14 to 9.614 dollars. Sorghum No. 2 yellow mile per 100 pounds at 2.88 to 3.01 dollars. Closing stock averages are provided by Merrill Lynch.
Kansas City cash grain prices show wheat and corn products mixed with unchanged car counts. No. 2 dark or red wheat ranges around 1.87 to 1.96 dollars, corn No. 2 white and yellow at about 1.57 to 1.58 and 1.42 to 1.43, with February numbers noted.
Chicago cash grain report dated June 7 shows Wheat No 2 red and hard at 1.97 per bushel. Corn No 2 yellow at 1.44. Oats No 2 grades 86 to 90 cents. Barley trading 1.34 to 1.52 for malting and 1.23 to 1.33 for feed, all at ceiling prices.
New York June 7 cotton futures rise over $2 a bale as heavy mill covering supports a 29 cent contract reappearance on the board for the first time since 1902. Prices closed 1.95 to 2.45 higher with short covering lifting futures amid expectations price controls will be eased.
Spot cotton closed steady with a $2.25 per bale gain. Sales reached 298 with low middling at 23.20, middling 28.45, and good middling 28.85. Receipts were 2,500 and stock stood at 221,843.
Average middling 15 16ths inch cotton at 10 Southern spot markets climbs to 28.64 cents per pound, up 2.25 dollars per bale on the past 30 market days, with 27.97 and 27.01 cents per pound for other middling grades.
New Orleans reports futures climbing to the highest levels in 22 years on buying spurred by favorable Washington news and crop conditions. Open and close ranges show gains of about 2.10 to 2.15 per bale with steady finish. In Galveston spot market, cotton closed steady with gains across grades, notable middling at 28.50 to 29.00 and 50 sales spotted.
Price Daniel who opened his campaign in Amarillo last night will visit Panhandle towns including Pampa Borger Stinnett Dalhart Dalbart Hartley today. He is the first major state office candidate to start a campaign in Amarillo in many years.
Kansas City market report shows cattle salable 300 total 3 500 calves salable 150 total 450 with trade nominally steady across classes. Fresh arrivals include odd slaughter cows and calves with insufficient stock to test values. Sheep salable none total 7 500 killing classes nominally steady.
Chicago Illinois June 7 Hogs 7 000 active steady good and choice barrows and gilts 14 85 ceiling sows 14 10 ceiling Cattle 800 calves 200 receipts too small to test trade steers and yearlings 15 75 17 75 16 00 down cows and bulls 25 cents or more lower basic demand broad despite weekend easiness average cost fed steers and yearlings this week established an all time high few sales dealers 17 00 down
Fort Worth, June 7. USDA report shows 800 cattle and 200 calves, slow but steady trade. Beef cattle scarce with prices for butcher cows 8.00 to 11.06, cutters 7.75 to 8.50, canners 6.00 to 7.50. Sausage bulls 8.50 to 11.00. Calves priced 15.00 to 16.50 for top grades, common 11.00 to 14.50, culls 8.50 to 10.00. A few better stocker calves and yearlings bring 13.00 to 15.00.
Cattle receipts 500 with calves 200. trade nominal as no single class sufficient for test. Common and medium beef cows 9.50 to 12.00 dollars, canners and cutters 6.50 to 9.00, medium bulls 11.00 to 12.00, vealers and calves up to 16.00, stockers listed as nominal.
New York wool market reports unchanged close as July 1947 at 128.0 b and October at 127.0 b with bids steady. Traders noted stable demand while futures held despite quiet session in the wool trade.
June 7 potato market notes show arrivals 188. New stocks include California Long Whites at 2.25 to 2.50, Arizona Red Warbus at 3.25, Louisiana Bliss Triumphs at 3.15 per 100 pounds, all U S No 1. Old stocks list Idaho Russel Burbanks at 3.65 per 100 pounds, U S No 1.
Butter receipts reach 217 743 lbs with market firm and unchanged. Eggs supply 31 952 cases and market steady. Wholesale prices on mercantile exchange list extras standards cur vy and dirties with various price figures.
Montreal June 7 Henry McLemore laments his family’s rogues gallery of old portraits driving him to thoughts of arson. He rhapsodizes about siblings and relatives as warped caricatures captured in various outfits and settings, recalling a pipe, knicker suits, and strange hats in a frank, conspiratorial monologue.
Dr. Thomas J. Ruddy, Los Angeles eye ear nose and throat specialist and educator, urges cooperation to tackle postwar chaos and aid returning servicemen. He cites crime from poor home training and unemployment as forces driving labor industry tensions. A picnic replaces the next meeting, with a musical program led by Miss Betty Elliott and Miss Julia Hayman.
Incomplete returns reveal Amarillo diocese contributed 2480 dollars and 8016 cans to the Food for European and children campaign. Sacred Heart Parish of Amarillo led with 553.40 dollars. San Angelo’s Sacred Heart 257, St Elizabeth’s Lubbock 136.48, and St Francis parish 135. NCWC reports 51 of 117 dioceses submitting figures. Overall 30 million pounds collected, 1.2 million shipped abroad, with 234 workers in national warehouses.
In Washington on June 7 U.P. the Civilian Production Administration imposed controls on small sawmills to boost lumber for the veterans emergency housing program. Mills cutting under 8000 feet of softwood or 4000 feet of hardwood daily were exempt. most affected mills are in the South.
Two trucks collided two miles north of Castric in Castic County last night amid dynamite loads. The dynamite did not explode but two men were killed. Patrols halted highway traffic for an hour and a half while cases and sticks were scattered and cleared from the road.
Texas non agricultural employment rose to 1,181,000 in May with a gain of 17,400 jobs. Unemployment fell by 4.7 percent to 117,400 as the U S Employment Service reports the state trend continues upward.
Louis K. Liggett, 71, founder of the Liggett drug store chain and the United Rexall Drug Company, which controls 600 retail stores and serves 10,000 Rexall druggists in America and Canada, died on Wednesday night in Washington.
German document to the IMT states Gen. Draja Mihailovic forces lost 15 to 30 men daily in guerrilla fighting against Nazis in Yugoslavia during winter 1942 43. The Chetnik leader faces trial by Premier Marshal Tito’s government on charges of collaboration under patriotic defense.
The Pere Marquette Railway announced it will ban tipping starting June 10. President R. J. Bowman said the move ends the tyranny of custom and will not harm waiters because workers will be compensated for any loss.
President Truman names Lt Gen Hoyt S Vandenberg director of central intelligence to coordinate all foreign intelligence. He will assume duties June 10, succeeding Rear Adm Sydney W Souers who returns to private life. Souers praised for helping create the national intelligence authority and overseeing its start.
Robert B. Wright, 21, a former substitute carrier, was sentenced to 18 months in the U S Reformatory at El Reno Oklahoma after pleading guilty to embezzling letters from the mail. He admitted taking more than 20 letters between March 15 and April 22 and is a World War II Navy veteran.
Cpl. Darrell McQueen of Gruver serves in the 3rd Combat Engineer Battalion, 24th Infantry Division, moved to Kyushu Japan. He entered service February 2 1945 and has carried out occupation duties in Okayama on Honshu. Parents Mr and Mrs C J McQueen reside in Gruver.
A loud alarm sent Albuquerque firefighters racing a huge red truck through city streets. The vehicle lost a wheel and side-swiped a parked car at a downtown intersection, but the incident was later declared a false alarm.
LSU tests show hotter weather reduces daytime grazing by cows and shifts activity to night. Cattle add as much as 5.7 extra hours of foraging during cooler night hours as daytime grazing declines.
Lonnie Hudson a 15 year old from San Angelo underwent an operation in Dallas to restore sight in his left eye. The procedure was described as successful by the physician in charge according to Lonnie's mother Mrs. Mabel Hudson. Earlier in the week Lonnie saved eight year old Mickey Webb from the Concho River at San Angelo. He also broke his ankle while jumping into the river and had lost use of his eye about a year ago while riding through brush country.
Dr. Frederick Reines of Los Alamos warns Bikini test results could mislead about atomic bombs damage. He notes cities differ from ships and air bursts will severely damage ships within half a mile, with few ships sunk overall. Surface explosions may cause more damage due to water wave effects.
Washington June 7 a gentlemen's agreement blocked House action on a terminal pay bill for furlough time not taken. The measure would pay lump sums to enlisted personnel retroactive to 1939 with 120 days accrual and 70 cents daily allowances, affecting up to 15 million people.
In the House of Commons a Burma crisis is described as a reign of terror with lawlessness spreading and large areas outside government control. MPs report guerilla bands, mortars, and armed groups, while ministers push for early elections to establish a democratic legislature and ministry.
In Naples thousands of royalists clashed with police injuring several and leading to arrests near the University of Naples. In Rome, Monarchists faced police clubs, while Humbert II prepared exile to Portugal amid unrest nationwide.
Texas contractor trade publication blames governmental controls for a ten million dollar drop in May home building contracts. It cites priority to veteran housing and restricted other construction as the cause of the drastic decline.
The name Balkan stems from a Turkish word meaning mountain, reflecting the region’s geographic heritage as a highland area. This linguistic link highlights how language maps to landscape in the Balkans.
A Texas born Walsh family member, James H. Walsh, served in Japan during World War II. A Fukushima based sergeant recounts Walsh riding a horse in a humorous misadventure while in uniform. The tale ends with a chuckle over Walsh boasted of Texas.
The International League of Mexicans Abroad urged President Avila Camacho to demand Mexico's claim to Santa Catalina and eight nearby islands off California. The group argues these former Spanish crown possessions were Mexican after independence and not ceded in 1848. A separate note from Kentucky reports birds entering houses as bad luck omen.
The calendar lists Paramount features One More Tomorrow with Ann Sheridan and Dennis Morgan through Saturday and From This Day Forward with Joan Fontaine and Mark Stevens, plus Capitol Three Strangers with Geraldine Fitzgerald and Sydney Green Street. Openings include Rialto Song of Arizona Roy Rogers and Dale Evans and Leon Melody Ranch Gene Autry. Local venues offer nightly music and dancing with Mayfair Texas Wanderers, Old Tascosa seven piece band, Eloise vocals, Nat Dick Stevenson band, Rainbow Gardens Sons of the West, Aviatrix Carlton Scales Band, Mexican Inn Dick Miles trio, plus regional westerns Gun Smoke Stars Lone Texas Ranger and Adventures of Rusty star Ted Donaldson.
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