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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 10, 1936
Page
8
Wheat trading was dull on the Chicago Board of Trade as operators awaited further developments. Prices edged up modestly amid sporadic buying, favorable Northwest weather, and uncertainty over tomorrow’s crop report with cash grain bids mixed across regions.
Produce receipts held firm for certain items like fresh graded firsts and extra firsts while overall demand remained light. Potatoes, new stock, and poultry showed weak or steady activity with scattered price data for Bliss Triumphs, Cobblers, Wisconsin Round Whites, and various poultry categories.
Irregular foreign exchange rates listed for major currencies. Highlights include Great Britain at 5.9115 dollars per pound and France 5.587-16, with numerous cross rates for Germany, Switzerland, Japan, and others.
Fort Worth June 9 prices show poultry hens 11 to 13 cents, fryers 17 to 18 cents, turkeys 19 to 14 cents. Eggs No. 1 candied $4.50 per case. Butter price noted at 28 cents.
Prices from Amarillo grain and produce houses list No 1 wheat at 95 and No 1 old wheat with various grades. Milo No 2 grain and Kaffir corn appear in mixed illegible entries. Overall the column notes basic carload deliveries and receipts with fluctuating commodity quotes.
Cattle receipts in the Midwest for Tuesday are about 6 000 with 2 000 more heavy cattle than a week and a year ago. Chicago streams record top yearlings at 8.65 and fed heifers at 8.50. Omaha reports California clipped lambs at 10.25 and range feeding lambs at 8 50 90.
Fort Worth market notes hogs at 1000 head with steady best prices for 189-280 lb at 9.50 to 9.70, underweights 150-175 lb around 8.70 to 9.40, sows 7.75. Cattle 1800 with calves 800, yearlings and cows strong, choicest yearling heifers 3.50, mixed yearlings 8.25, other good yearling steers and heifers 7.25, 1000 lb steers 8.00, fed steers 7.25 down, grassers 5.40 to 6.25, beef cows 4.90 to 5.25, bulls weak around 4.75 and down, calves 4.25 to 6.25. Sheep 3000, steady with some spring lambs and yearlings strong, better lambs 8.25 to 9.00, fat yearlings 6.75 to 7.25, late Monday fat yearlings 37.50, 2-year wethers 5.50 down, aged wethers 4.50 down, spring feeder up to 7.00, feeder yearlings mostly.
Cattle 900 head in Wichita trade mixed quality with steady to higher bids on cows and calves. hogs 1,000 head softer, packing hogs around 8.25 to 6.0. sheep 600 head active and firm to higher. West and Midwest markets list brisk activity and varied prices across cattle hogs and sheep with regional differences.
Denver cattle, hogs, and sheep numbers show steady to weaker trends with prices for cattle and hogs listed. Omaha market notes day-to-day shifts in hog and cattle values with specifics on weights and bid ranges, while Amarillo reports top hog prices and Cudahy Hog Market noted. New York money markets show call money steady at 1 percent with various rates for commercial paper and rediscount.
Fair demand for spot domestic wools in Boston, with turnover moderate due to limited supply. Prices remained firm with dealers asking 87-88 cents secured for twelve month Texas wool and about 85 cents for eight to ten month Texas wool.
In New York on June 9 copper shows quiet trading with spot at 9.50 and export 9.05-9.07. Tin weak with spot 42.37-42.50 and futures 42.00-42.16. Lead steady with spot around 4.60-4.65 in New York and 4.45 in East St. Louis. Zinc dull with East St. Louis spot and futures at 4.90 and antimony at 50.0 as the market closes.
The New York stock market edged higher for a third straight session with prices near monthly highs. Electric Power and Allied Stores led gains amid optimism over a soldier bonus on the 15th. tobacco and steel issues also firmed. CURB list showed quiet advances with several leaders trading higher in early dealings.
The list shows the 16 most active stocks with closing prices and net changes. Leading movers include El Pow Lt up 16 percent, United Corp up 6 percent, Amer Pow up 12 percent, and US Steel up 6.24 percent, with several names such as General Motors and Cal Gas also advancing.
Markets in brief report mixed activity across stocks bonds and commodities. In New York stocks firm with modest gains while foreign exchange gold and sugar see declines. Chicago wheat rises on moisture relief and corn holds. hogs steady with slight declines and top price around $10.15.
Turpentine firm shows 36 sales 98 receipts 851 shipments 9 stock 27 096 with Rosin at 431 sales 3 661 receipts and 25 shipments 60 678 stock. Quotations list varied prices from O to X with multiple grades and ranges including WG 4.60 and WW 4.65.
Cotton gray goods sold in good quantity at steady prices. Finished goods demand remained heavy. Rayon cloths in moderate call. Silk fabrics bought in scattered lots. Wool goods quiet. Burlap sales small with prices steady.
New York June 9 market closed with minor recessions after late trading gains in coffee. Closing quotations show July at 8.22, Sept at 8.37, Dec 4.48, and March 8.55 with other contracts listed. Spot market steady with Santos 4s 85% 8% and Rio 7s 6% 7%.
Bar silver remained steady at 44% in New York trading on June 9. Kansas City reports broilers at 16 to 20, with other produce unchanged in early price receipts.
Circle No 6 will direct today’s Polk Street Methodist Church Woman s Missionary Society program at 3 in the church parlors. Mrs O D Newell leads with a devotional by Mrs J S Manning. Mrs R B Masterson discusses World Outlook and a leaflet is reviewed by several members. A talk on Social Center for Girls work is included.
Six teen Shriners from Maskat Temple Wichita Falls and two from Ver non enjoyed a barbecue in Childress. Attendees included P. B. Card potentate and K. Poalk chief rabban and potentate elect of Maskat Temple.
Cotton prices rose across markets as trade buying and speculative demand lifted values. October closed near 11 cents at 10.49 in New York, with December 10.89 and January 10.89. exports reached 5,155 today, port stocks 1,589,749, and futures closed with July 11.73 and Oct 11.04.
Texas markets show varied cotton prices with Fort Worth middling around 11.26 and Galveston spot cot ton steady with middling at 12.05. New Orleans spot closes up three points with low middling at 10.65 and middling at 11.90. receipts total 4,871 and stock 4,878.
Cotton totals 13 000 bales with 7 300 American as prices rise four points. Quoted American grades top at 7.42 for strict good middling and 6.72 for middling. Futures steady with July 6.22 and other contracts around 5.87 to 5.77. Also cottonseed futures and feeds quoted in New York and Fort Worth. Average U S middling price across ten Southern markets 11.74 cents.
Portales New Mexico June 9 Mrs G B Doughtie of Milnes says her house cat can count. She notes the six yellow kittens and reports six spotted field mice brought to the kittens box, claiming the cat proved counting.
Dalhart residents anticipate an early screening of Dr. Rex Tugwell's film The Plow That Broke the Plains. County Judge Wilson Cowen has filed an application to secure the showing in the community.
Daily average production of crude oil in the United States increased by 1 315 barrels for the week ended June 6 compared with May 30. The week’s average was 2 936 657 barrels versus 2 935 342 barrels. The Oil and Gas Journal released the tabulation for leading producing sections.
Ellis County Kansas records its eighth oil pool after a wildcat test on a 2800 acre Solomon farm, seventeen miles northwest of Hays. The well struck oil in limestone, filling 350 feet in two hours from a 3632 foot depth. Drillers include E Gail Carpenter and Earl G Lay of Wichita, Paul Fleeger, W E McPherson, Henry Bennett, Jones Bros Drilling Co. and others. Carpenter and Lay previously opened the Bemis pool twelve miles west.
Louise Bennett Weaver presents a balanced menu with a salmon mold dish and stuffed tomatoes. Includes a nut torte recipe with graham crackers and cinnamon plus a plum jelly option and a radish chicory salad.
Kenneth E. Wight, a young oil man and member of the Clayton Junior Chamber, was charged with speeding and careless driving as the local safe driving campaign continues. Also notes that ripe olives gain color from postharvest treatment, not tree ripening.
Oklahoma authorizes a state minerals survey under Robert H. Dott of the Geological Survey. Dr Charles N Gould estimates resources worth a billion dollars remain untapped including gold building stone volatile ash and potash. A Texas survey could reveal undeveloped resources and new industries.
The Bureau of Mines reports April crude petroleum production averaged 3,016,000 barrels daily, beating 3 million for the first time. March output was 2,922,000 barrels, a year ago 2,614,000. Refinable crude stocks at April 30 rose to 315,389,000 barrels, with Texas output up to 1,187,600 barrels daily in April.
Preliminary work is starting in Moore County on the Illinois Zinc Company smelter project. The Santa Fe is grading a two and a half mile spur from the line north of Dumas to the site, located mid way between Sunray and Dumas. The site sits in the southeast quarter of section 361, block 44, H&TC survey, within the industrial district that also includes two carbon black plants nearing completion and an operating gasoline extraction plant.
District Judge D S Meredith sustained a motion to quash an indictment charging M T Wilson president of Dominant Refinery of Gregg County with embezzlement. The court ruled the indictment showed only debtor and creditor relation not principal agent. Assistant DA George W Anderson gave notice of appeal to the Court of Criminal Appeals.
Ernest O. Thompson announced a postponement of the Texas Rodessa field proration hearing to avoid conflicting with President Roosevelt's Texas visit. A new date was not set, and Thompson hoped Louisiana attendance might be possible. He kept that Rodessa production does not threaten the oil market. Daily production remains 275 barrels on both sides of the state line.
John L. Sullivan of the Texan Royalty Company announces the sale of the Clymore Refinery at Agua Dulce to United Gas Company for 700000 dollars. The deal, one of the region’s largest recent closings, includes adjacent gas holdings and aims for immediate restart of operations. Sullivan notes United Gas will run gasoline extraction with dry gas piped for commercial use.
Kansas reaches one million barrels per day as proration officials report rapid growth and 19,634 producing wells. The state’s share under proration with Oklahoma and Texas is 145,445 barrels daily, down from a 150,000 barrel allocation.
The Carter well north of Erick in Beckham County Oklahoma reached 4080 feet in gray shale with no oil trace. A core at 4035 feet yielded only a trace of oil.
Shamrock Oil & Gas Company completed the No. 1 Robertson "E" in the west half of section 401, block 44, H&TC survey in Moore County. The well tested 11,500,000 cubic feet of gas and reached total depth of 3,710 feet, later plugged back to 3,400 feet with gas pay from 3,370 to 3,400. The Gulf Corporation sub lease accompanies the find.
A claim notes heating curling irons to about 202 degrees can curl hair effectively without damaging its health or color.
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