Leading Issues Take Nice Gains
New York June 11 Leading issues rallied as war news remained cloudy and prices rose in final hour. The Associated Press average added 1.4 points to 38.4, widest upturn since Oct. 17 last year, with 769,890 shares traded. Prominent gainers included U S Steel Bethlehem General Motors Chrysler Douglas Aircraft Sperry Westinghouse Anaconda Kennecott Standard Oil of New Jersey Dow Chemical Allied Chemical American Can International Harvester Norfolk Western American Telephone Montgomery Ward. Commodities strengthened with selective bond gains amid dollar weakness. Aluminum of America up 12 points Aluminum Ltd 7. Advancing over 4 included Colts Patent Fire Arms EB W Bliss Gulf Oil Standard Steel Spring Bancroft & Wilcox. Total market turnover about 121,000 shares.
MENTIONED IN THIS ARTICLE
New York
Associated Press
U. S, Steel
Bethlehem
General, Motors
Chrysler
Douglas Aircraft
Sperry
Westinghouse
Anaconda
Kennecott
Standard Oil
N. J
Dow Chemical
Allied Chemical
American Can
International
Ark Nat Gas
Bath Iron
Bell Aire
Bellanca Aire
Allis
Crocker
M & Fdy
Eagle Pich
Billy Am Metal
el Bond & Sh
Gulf Oil
Humble Oil
At&t
Lone Star Gas
Bly Aly Am Zinc L&s
Ning Hud
Gasly
Lt & Pow A
Atl Refining
Aviation Corp
Barnsdall Oil
Gly Bendix Aviat
Beth Steel
Borden
Budd Wheelan
Alates Callahan
Calumet & Hee
Cerro de Pas
Certainteed
Colum G & el
Comwith & Son
Consol
Goodrich
Houston Oj
Vy Pogs & Atdee Int Harvester
Hydro Elch
Ie Indus Ae Aa
Stax Johns Manville
Ata
Kennecott Cop
Tuesda
Lockheed Aire
OPWS
Eusee
Lorillard
Marshall Field
Mid Cent Pet
Montgom Ward
Nash Kely Iiator
Low High
Nat Biscuit
Nat Dairy Pr
Nat Distillers
Nat Pow & Lt
Nor North Americ Ac
Hart
Ohio Oj
Pac Gas & Fl
Packard
Pan Am Aware
Con Rko
Rem Rand
el Repab Steel
Shell Union Oil
Simmons Tee i
Socony
Deereekeees
Stan of
Calnae
Ind
DOW Jones
Stan Oil N J
BRI
Fenner & Beane Stewart Warn
Stone & Webster
Studebaker Corp
Forward
East Louis
Trans & West Air
United Aircraft
United Carbon
United Corp
United Drug
United Gas Im
Steel Bee
I — Bee Bros
Woolmente
GRAIN
Chicago
Wheat Rally Hikes Prices Two and a Half Cents Up
Wheat prices rose in Chicago trading on June 11 as rust reports from the southwest and strength in the stock market supported gains. July futures moved to 83 31/4 cents, September to 84 44/4, with corn higher and oats and rye also advancing. Italy’s wartime entrance factor appeared to have little impact on the session.
MENTIONED IN THIS ARTICLE
Chicago
Italy
Cattle Market Steady to Strong Across Rank of Livestock
Kansas City reports show hogs totaling about 2 000 head with a fairly active, mostly steady market. Cattle salable 2 500 with calves at 400 and slaughter steers opening steady with early sales around 8.50 to 9.60 per cwt, best above 10.00. heifers and yearlings up to 10.25. cows strong. Sheep: 4 000 salable, opening lambs steady with best above 8.25 and spring lambs showing strength above 10.75. Chicago cash grain and cattle trends noted with scarce heavy weights and mixed movement across grades.
MENTIONED IN THIS ARTICLE
Kansas City
Chicago
Texas
Denver
Fort Worth
Oklahoma City
D. A
Port Worth
Texas Mills
Markets in Brief New York June 11 summary
Markets in brief report from New York notes mixed bond activity with foreign loans, firm foreign exchange, higher cotton from trade and speculative buying, improved sugar with support, steady metals with copper demand, wool tops up on trade buying, Chicago wheat up about two cents, corn firm, cattle weak to 25 lower, hogs generally steady.
MENTIONED IN THIS ARTICLE
New York
Chicago
Grain price minimums removed by Chicago Board of Trade
Chicago announces the elimination of minimum grain price rules effective Friday June 14. The move follows May 19 minimums set after large order waves pushed prices down nearly 30 cents per bushel in wheat. The directors say the change restores market freedom to support new crop marketing.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Cotton Futures Rise Amid Optimism on Demand and Policy
New York June 11 cotton futures climbed 19 to 29 points as traders priced in possible administration preparedness plans and agricultural policy. Buying by speculators and trade accounts led the gains with July contracts favored by limited offerings alongside high spot prices in the South. Some market chatter linked potential government purchases to bolster domestic use, while concern over French cotton stock destruction loomed amid the war news. Local spot markets in New Orleans and Galveston showed modest rises, with middling prices around 10.39 cents in New Orleans and varied levels across other ports. Warehouse and port data appeared mixed as analysts tracked exports and receipts through the day.
MENTIONED IN THIS ARTICLE
New York
France
Worth Street
New Orleans
Oil Market Summary in Tulsa Tank Cars
Oil tasks show steady midcontinent refinery market with gasoline unchanged naturals steady and kerosene active. Prices listed for motor gasoline natural gas kerosene fuel oils and industrial oils across Oklahoma North Texas and related grades with varied cents per gallon and dollars per barrel figures.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
Oklahoma
North Texas
Crude Output Shows Increase in United States Oil Production
Tulsa Okla June 11 UP Daily average crude oil production in the United States rose 152 162 barrels in the week ending June 8, as reported by the Oil and Gas Journal. Daily average oil production in oil fields compared with the prior week shows a rise.
MENTIONED IN THIS ARTICLE
Tulsa
Oklo
United States
Oil and Gas Journal
Oil Case Bribe Charge Filed in Archer City
Archer City reports a justice court charge of offering a bribe tied to Archer County riot trials from March. The suspect, calling himself Frank Jackson, a Seminole deputy sheriff, was arrested in Wichita Falls after Dutch Gosler, ex county sheriff, said he was offered inducements to fix juries.
MENTIONED IN THIS ARTICLE
Archer City
Archer County
Justice Court
Frank Jackson
Seminole
Oklo
Jackson
Wichita Falls
Dutch Gosler
Lots of Candidates on Texas Ballot
Texas voters face 54 aspirants for 13 state offices in the Democratic primary set for July 27. Dan Moody’s name was dropped from the gubernatorial slate, leaving eight candidates for governor including W. Lee O’Daniel. Gerald Mann and Bascom Giles seek reelection, Moody’s withdrawal narrows the field, and Lon A. Smith’s railroad seat has 19 entrants with no reelection announced.
MENTIONED IN THIS ARTICLE
Austin
Texas
Dan Moody
Moody
W. Lee O'Daniel
Gerald C. Mann
Bascom Giles
Lon A. Smith
Bank Increases Capital by 30 Million at Bank of America
Washington June 11 Jesse H Jones federal loan administrator announced the Bank of America National Trust and Savings Association completed arrangements to increase its capital by 30 million dollars. The issue consists of 600000 shares of preferred stock at par 20 dollars payable 50 dollars per share. Dividends are 2 dollars per share annually payable semi annually. Subscribers total 50460 shares for 2 523 200 dollars. Reconstruction Finance Corporation loaned Trans America Corporation 27 533 800 secured by the remainder at 50 dollars per share.
MENTIONED IN THIS ARTICLE
Washington
Jesse H. Jones
Bank of America National Trust and Savings Association
Jones
Reconstruction Finance Corporation
Trans-America Corporation
Dallasite Heads Cottonseed Men
T A Hughston of Dallas was elected president of the Texas Cottonseed Crushers Association at the 46th annual convention in San Antonio. He succeeds G A Simmons of Lubbock. Directors named included G A Simmons of Lubbock.
King Renamed U. S. Attorney for Eastern Texas
President Roosevelt nominated Steve M. King to continue as United States attorney for the Eastern District of Texas in a reappointment announced in Washington on June 11.
MENTIONED IN THIS ARTICLE
King
U. S
Washington
Roosevelt
Steve M. King
United States
Eastern District of
Texas
Hale New Highway Chief Heads Route 86 Group
Judge James T. Hale Swisher County was elected head of the Highway 86 Association for 1940 41 at Tulia. T A Singer and Jack Stamper named officers. Road crews from Palmer Castro Swisher Briscoe and Hall report 100 miles of 150 paved. Four Swisher and five Castro miles to start July 1. Silverton chosen for July meeting site.
MENTIONED IN THIS ARTICLE
Toulia
James T. Hale
Swisher County
Tulia
T. A. Singer
Dimmitt
Jack Stamper
Tulsa
Palmer
Castro
Swisher
Briscoe
Hall
Ozark Trail
Silverton
Q. B. Workman
Tulla
Ice
Texas crude oil production falls short of allowed limit
Texas April crude oil output from over 90 thousand wells reached about 43,994,758 barrels, per Railway Commission engineering reports. Allowable production stood at 46,164,871 barrels, yielding 2,170,113 barrels less than the limit. Pipeline movements totaled 43,974,011 barrels that month.
MENTIONED IN THIS ARTICLE
Austin
Texas
Railroad Commission
Commission
Brazil Dictator Defends Rule in Speech at Rio
President Getulio Vargas defended dictatorship in a Rio de Janeiro address, stating vigorous peoples fit for life must follow their aspirations. He said the world is passing through an historic moment with rapid value changes and the old systems in decline.
MENTIONED IN THIS ARTICLE
Rio DE Janeiro
Getulio Vargas
Europe
May Speed Training of Student Officers
President Roosevelt said consideration was given to speeding up officer training by shortening courses at West Point and Annapolis. The Navy recommended graduating the 1941 class next February instead of June to boost officer numbers, awaiting War Department reply. Senator Walsh said the President has authority to curtail training without new legislation, as done in World War I.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Army
Navy
West Point
Annapolis
War Department
Walsh
Massachusetts
Bridges Ouster Approved by House Immigration Panel
The House immigration committee reapproved a bill to deport West Coast CIO leader Harry Bridges and sought new routes for a House vote. A hearing on Bridges was proposed for Friday but defeated 10 to 3, with the panel sending the measure back to the House.
East Texas Field Oil Change Seen for June Issuance
Austin June 11 The Texas Railroad Commission favored reestablishing last summer’s oil proration in the East Texas field with an order possibly issued June 19. The move aims to return to a production basis approved by the U S Supreme Court in the Rowan Nichols decision and adjust schedules for Gulf Coast fields and Panhandle output.
MENTIONED IN THIS ARTICLE
Austin
Fast Texas
Texas Railroad Commission
Lon A. Smith
Jerry Sadler
U. S. Supreme Court
Rowan and Nichols
Gulf Coast
Smith
Sadler
East Texas
Motion filing may exempt the company lease under new order
If the motion is filed the new order would exempt the companys lease. The note references a legal action impacting a lease agreement and the potential administrative relief granted by the order. Further context lists involved party as the company and mentions the filing date of June 18.
MENTIONED IN THIS ARTICLE
Comepany
Recovery of Stocks is Denied
NEW ORLEANS June 11 UP The federal circuit court of appeals denied recovery by Charles J. Beeman trustee of Lachin's Company in receivership of 100 shares of City Bank and Trust Company of Houston and 6396.67 dollars. The district court and special master findings upheld that the assets were in the bank before bankruptcy and were assigned without knowledge of the proceedings. Involuntary bankruptcy began June 24, 1932. The firm once operated stores in New Orleans Houston and San Antonio.
MENTIONED IN THIS ARTICLE
New Orleans
Federal Circuit Court of Appeals
Charles J. Beeman
Lachin
National Bank of Commerce of Houston
Texas
Elreuit Court
Texas District Court
City Bank and Trust Company of Houston
New Oreleans
Power
Slreult
Houston
San Antonia
Oil Firms Cited in Texas Lands Bonus Suit
Twelve defendant oil companies and individuals were cited in a Texas suit seeking 156000 dollars in bonuses on University of Texas lands across Crane Upton and Pecos counties. The seven petitions, filed in Travis County, allege failure to pay 2 dollars per year per acre on leased lands as per contracts.
MENTIONED IN THIS ARTICLE
Austin
Texas
Crane
Upton
Pecos
Gerald Co. Mann
Travis County
Radio Programs and Schedule Highlights for Wednesday
Wednesday schedule for radio station 1410 Ke includes morning programs from 6:00 with The Beg Pilot and Rise and Shine, NBC news at 7:00, and a long list of music variety shows, dramas, and NBC and CBS network programs. Afternoon and evening blocks feature The Flying Dutchman, Ma Perkins, Pepper Young's Family, and Kay Kyser's Kollege, ending with public affairs and dance orchestra broadcasts.
MENTIONED IN THIS ARTICLE
Bkg
Rise
Breakfast Club of the Air
NBC
Bob Halsey
Clarifieds
Loeb
Allison
Starr
James Gordon
Dr. Malone
David Harum
Lone Journey
Neva
Guiding Light
Kate Hopkins
Ange of Mercy
Portia Blake
Life
Waneal Farm
Home Hour
Arnold Grimm
H. V. Kaltenborn
Frankie Masters
Bily Briggs
Ernest ‘Thomp
Ma Perkins
NYA
Rocky Gordon
Vesta O'Dell
Town Crier
Amarillo Institutiona
Red Cross
Plantation Party
Frei Allen
Kay Kyser
Jerry Sadler
Fred Waring
Earl Hines
Gray Gordon
Jan Bavitt
Wee
War News
Jan Savitt
Birdwin
Hill-cha
Paul Douglas
Lowell Thomas
Bud Berton
Nbe
Amon ‘N' Andy
Fulton Lewis, Jr
Mbs
Chain
Mr. Keen
Wis
Lanny Ross
Hasie
Paul Sullivan
Mba
Burns
Mbe
Woreeaat
Sam Baker
Sparta
Hollywood Playhouse
Npe
Wea
Prairie Folks
Ben Bernie
Lew Lehr
Cbs
Waho Sheep and Goats Club
Win J. Hersholt
Christian
Mbe-Chain
Elmer Davis
Che-Wabe
Fred Allen
Nbe-Weat
Ws Theater of Stars
Mbs-Chain
Maj. Nason
Wor
Roy Shield
Wjs
Canada
Katy Kyser
Frank Black
Syph
Glenn Miller & Orchestra
Cbs-Wabe
Raymond G. Swing
Ebs-Wabe
CBS Convert Orchestra
Nowa & Dance
Ninc
Weaf
Wjg News
Amos and
Andy
Chain A. Mitchell
Mbs-West
cbs-Dix
Nbc-Weat
Cbs-West
Also Mentioned on This Page
Amarillo Daily News
Amarillo
TEXA
Republic Steel
U. S. Steel
Curtiss Wright
Gen Motors
Loft
Willys
Int Pap & P
Martin Parry Chrysler
Bald Locht
Consol Oil R
Catton
Galveston
Plymouth Rock
Fane
West Texas
Texas Panhandle
Southwest Texas
Louisiana
el California
Kansas
Arkansas
Mississippi Eastern Fields
Tllinois
Michigan
Newexico
Rocky Mount
Hale New
GMC
YMAC
Rs Ees
General Truck & Tractor CO
Tyler
GMC Trucks
Crown Block Field Developments
Brazil
Sunny Broog
Sunny Brook
Kentucky
Sage Company
Amarillo, Texas
KFC
Bing Crosby
Tan
TBN
Will Teil
One Am
Club of the Air
Meale
Menur
TSN
Gal Bunday
Carol Leighton
Sean
Oon
Red Cross Speaker
North Amerina
Teeplechase
Delaware
Andy Iona
Cleo
Alex F. Whitney
Bayley University
Fulton Lewis
Laahman
Amecen
Sky
Marih
Raymond Gram
Fopilar Muai
Amarillators
Hetworks
the O'Neills
Bob Barton
Srsttergood Baines
Littl Orphen Annie
Li'l_Abner
Globe News
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