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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 13, 1935
Page
9
Wheat futures and nearby grain deliveries drop sharply with July at 80 1 2 cents. Kansas harvest begins sparking selling while cash markets show No 3 red wheat at 84 1 2 to 84 3 4 cents and corn prices easing. Provisions mix as hog values weaken and grain declines spread.
Fort Worth notes fair demand for grain with receipts totaling 4 cars wheat 4 corn 1 sorghum. Prices listed for Wheat No 1 at 0.9894 1.00 percent. Barley No 2 57-60c No 3 67-59c. Sorghums No 2 yellow 2.00 2.05 per 100 pounds. No 2 white kafir 1.85 1.88. Corn shelled No 1 Mexican 1.03 1.04. No 2 white northern 1.12 1.18. Oats No 2 red 49-50c.
Wheat fell about 1.04 to 1.21 at Kansas City with several futures closes ranging from 80 to 81 plus. No. 2 dark hard and No. 2 hard values listed, while No. 2 red moved in the mid 87s to 88s. Corn eased about 2 to 2.14 with No. 2 white at roughly 92 to 93 and No. 2 mixed around 86 to 88. Oats traded lightly with No. 2 white around 41 to 44 per bushel.
In Boston on June 12, scattered wool transactions showed no major price shifts from recent activity. Graded Ohio and similar 66s ½ blood fleeces sold around 30-31 cents grease for combing and 27-28 cents for clothing. ungraded 64s and finer territory wools moved at about 55-66 cents scoured, for short to average French combing staple.
Foreign exchange activity listed dollar and cent rates for major currencies on June 12 in New York. The table shows demand cables and 60 day bill figures for Britain France Italy and a wide range of countries including Belgium Germany Hong Kong Tokyo and Argentina with various nominal values and percent notes.
St Louis notes Missouri egg and poultry prices with live weights and quality standards, including butter and creamery goods, while New York reports a shaky coffee market with Brazilian weakness, Santos futures down, late quotes near 7.58 to 7.67 for nearby contracts and spot dullness.
The Associated Press listing shows varied bond quotes and domestic securities. Notes include Argentine, Britain, Germany, Japan, Poland, and several U.S. railroad and utility issues with prices and yields, highlighting market activity across industries.
Readable prices show No. 1 wheat at 55 cents per bushel and No. 2 white at 2.20 per 100 pounds. Local market listings include leghorn hens, colored hens, and various turkeys with weights and prices, plus case returns noted at 3.25.
Eleven markets reported about 38,000 cattle, up from 35,230 last Wednesday but below last year’s 39,879. Slaughter steers and yearlings led offerings with improved quality yet prices 15 to 40 lower. Hogs totaled 32,000, down from 65,947 last year, with some sales only slightly off and overall 5 to 15 lower. Sheep prices mostly steady to 25 under the weekly decline. Chicago native springers ranged from 2.00 to 9.65, with best yearlings at 7.50 and no top-quality cattle on display.
Hog prices steady to lower with top 9.56 for 200-240 lb hogs. later trade slow with bids 10-15 cents lower. Cattle trend mixed with feeders steady to lower. fat steers around 12.00. heifers 8.00 to 11.00. Sheep steady to slower. native spring lambs top 8.50, most 8.25 to 8.50. Total head: hogs 1,200. cattle 3,500. calves 660. sheep 8,000.
U S D A figures show hogs 1 000 head with 4 000 direct trading 5 to 10 cents lower than yesterday 200 250 lb hogs up to 9 90 cattle 9 000 on hand calves 1 500 with steers weak to 25 lower on shipper accounts better grades 11 40 to 13 50 some prime at 13 50 heifers steady to weak slaughter cattle and feeders 9 00 to 15 25 11 25 for heifers sheep market uneven with native spring lambs 9 00 to 9 25 and top to city butchers 9 40 to 9 65.
June 12 cattle and hogs at Fort Worth market show steady to mixed demand. Hogs hog prices steady with top truck hogs at 9.40 paid by packers. cattle and calves steady with slaughter classes in the 6.00 to 10.00 range for steady buyers. sheep and lambs mostly steady with spring lambs at 6.00 to 7.50.
Los Angeles livestock prices show hogs 50 to 15 points lower with locals 10 to 15 lower. Cattle around steady with road fed yearlings at 9.00 and cows 7.00 to 4.00, calves 8.50 to 10.00, vealers 8.50 to 10.00, and lambs about 6.50. Sheep 350 head steady with good shorn springers above 7.00.
Cattle, calves and sheep trading with steady to firm openings. Top hog price 9.90 with various weights at 9.80 to 9.90. Cattle and calves total around 3,000 and 1,800 respectively, vealers down 25 cents, yearlings and heifers around 5.50 to 10.90, cows 5.00 to 6.25. Sheep receipts about 4,000 with few bids, mostly native spring lambs.
Cattle 1,200 head with 800 calves. killing classes scarce и little changed. Medium steers and yearlings around 6.00 to 8.40. heifers 7.90 to 9.25. cows mostly 4.50 to 5.50. Hogs 600 with no direct sales. top near 9.38. 180-220 lb hogs mostly 9.15 to 9.80. Sheep 200. spring lambs weak to 25 lower, prospective top about 8.10.
Oklahoma City livestock report from June 12 notes 1 600 cattle with 800 calves and 800 hogs. Prices show bulk beef cattle at 6.00 to 5.75, cows up to 6.50, feeders to 7.00, canners and cutters 2.75 to 8.75, calves steady with top weights at 7.50 and veals to 8.50. Sheep 1 000 steady with spring lambs at 8.25 and bulk 7.50. Packer hogs 9.40 top, 9.00 bulk.
Hog bids showed 4,500 head with slow, weak trade and steers near 9.10 to 9.75, heifers 9.50 to 10.50, top at 9.00. Sheep run 7,000 including 1,500 direct with lambs and yearlings down early about 25, other classes scarce. native lambs up to 8.25 and best over 8.50, light ewes up to 3.00.
Denver cattle market dull with late bids. Cattle prices show 25 to 50 cents lower across grades. heifers and steers around 10.50 to 11.75. Cows and heifers to 7.25, calves to 8.50, feeders 34.50 to 46.50, bulls 5.56 to 6.36. Hogs steady to 19 lower, ton 9.50, bulk 9.00 to 9.50. Packing cows around 10.83, sheep 12,900 heads, 15 to 25 cents lower. lambs around 3.50.
Ton prices set at 8.25 dollars for choice hogs with 19 percent and higher thickness, bulk 170 to 240 pounds priced 8.75 to 9.15 dollars. Packing sows 275 to 850 pounds offered at 7.59 dollars.
U S C A notes pota to prices with U S No 1 and No 2 levels for Wisconsin Idaho and other states.es demand slow slight heating of certain lots Mississippi Louisiana and Texas stocks reflected in bids and market shifts in early June.
Fort Worth June 12 reports poultry prices with spring chickens at 18 to 20 cents, hens 12 to 14 cents, turkeys 18 cents, turkey hens at 1 dollar per dozen, eggs No 1 candied priced at 6 dollars per dozen, butter creamed at 2 percent fat.
Bar silver prices tumbled in New York on June 12 as market traders reported a drop to seven dollars and proportionate losses across related markets.
New York traders faced a mixed day as the Wheeler Rayburn bill eliminating certain utility holding companies passed after the previous session. Utilities dipped at open, rallied briefly, then fell again while rails stayed near even. Bonds moved with stocks, wheat and corn weakened, and cotton slid. Trading volume reached 1,293,120 shares with the Associated Press-average down 0.3 to 43.3.
Curb market trading opened with heaviness in utility stocks led by Electric Bond & Share sliding to 6% before rebounding to about 7%. Other utilities including American Water, Cities Service, Niagara Hudson, and Pennsylvania Water & Power recovered most losses. Elsewhere gains appeared for Swift Internacional, Singer Mfg, Pepperell, Pioneer Gold and International Petroleum while small declines hit Newmont Mining, Pan American Airways, Sunshine Mining, Creole Petroleum and Gulf Oil.
Markets in brief show stocks and rails up while utilities fall and bonds range mixed. Foreign exchange weaker with softer sterling and francs, cotton and sugar steady, coffee down on weak Brazilian markets. Chicago wheat weak as Kansas harvest begins, corn down with wheat, cattle under minor pressure and hogs mostly lower to $9.90.
New York Money New York reports steady money and time loans for the day. Four per cent offerings dominate 60 to 90 day and 4 to 6 month terms. Prime commercial paper remains at around percent with bankers acceptances unchanged. The New York Reserve Bank rediscount rate stands at 4 ½ percent.
Raw sugar held at 3385 in New York with irregular futures finishing 1 point lower to 2 higher. Trading showed 1050 tons in No 3 and 2700 tons in No 1. Refined refined sugar unchanged at 5.25 for fine granulated.
Chicago reports steady eggs with 21 444 cases and fresh graded firsts 2214 while butter shows varied levels with receipts 18 663 and multiple grade splits. Poultry remains steady with trucks and birds listed, and cheese markets note Twins and Daisies with varied percentages.
Copper steady on spot and futures with Blue Eagle at 9.00 and export 7.82. Tin firm with spot near 50.87 and futures 50.25. Iron unchanged. Lead steady at 4.00-4.10 in New York and 3.85-3.95 in St Louis. Zinc weak with St Louis spot and futures around 4.30. Aluminum quoted 10.00-22.06. Antimony at 12.75.
A coast guard drill aboard the cutter Tahoma near Erie caused locals to fear a ship in distress. Guardsmen performed a realistic man overboard exercise while a tug captain reported seeing flares, prompting emergency searches before the Tahoma docked.
New York June 12 Cotton futures eased on favorable crop progress and wheat weakness. Prices closed net losses up to 12 points amid lighter Liverpool and selling pressure, with partial rallies from trade and government agency demand. Weekly weather noted less rain but ongoing showers in western belts. exports 9,636 today and 4,567,524 season total.
Cotton futures closed 3 to 4 points lower as favorable government weather data dampened gains. July 11.47, Oct 11.18, Dec 11.14 bids. spot market eased 5 points with middling 11.95 amid limited trading and weather-driven sentiment. Spot in New Orleans quiet with middling 11.95 and sales 534. Galveston spot mixed as prices steady to down with a broad range across grades.
Liverpool June 12. Cotton 7 000 bales including 9006 American. Spot in fair demand with prices 2 to 7 points lower. American strict good middling 7.31, good middling 7.01, strict middling 6.26, middling 6.81. futures quiet and steady with July 6.30 and later contracts around 5.95 to 6.02.
In New York, bleachable cottonseed oil turned reactionary after an early gain of 7 to 15 points. Final prices settled 3 points higher to 6 net lower with 111 contracts sold. Spot and futures details listed for July through January contracts.
In New Orleans on June 12 the cotton seed oil market closed steady with futures for June at 9.90 dollars per hundredweight and August at 9.93, September 9.93, October 9.98, and December 2.70. Prime summer yellow quoted 9.95 minus 0.10 and prime cruce 9.00 25.
Western Feeders Supply Co quotes for cottonseed in Texas mills with prices per ton for prime loose hulls at 12 to 14 dollars, prime cold pressed seed at 34 to 35 dollars, and prime cracked screened meat and cake at 88 to 90 dollars with 39 percent protein stated.
Brownsville Herald reports a $500000 contract awarded to Hope Engineering Company for a 90 mile six inch pipeline from Hidalgo County fields at Samfordyce and Mercedes to Brownsville and Port Isabel. The line will handle 8000 barrels daily with work to start immediately and finish in about 90 days.
The Texas Supreme Court ruled that A W Henderson holds one half of the oil and gas rights on an acre of land owned by Sabine Valley Colored Baptist Church in Gregg County. His lease conflicts with a lease held by John R Alford.
Fresh fruit intake in England rose to a new peak of 95 pounds per person last year. Orange and banana consumption stood at 24 and 12 pounds per person respectively, reflecting strong demand across the market.
Tulsa report notes oil industry calm with refinery market drawing most focus. Major firms optimistic post NRA demise, wildcat activity rises in southern Oklahoma as pools are defined and reserves expanded. Gasoline steady except for one up move, tax doubts curb purchases. kerosene weak with price drop.
Humble Oil & Refining Company acquired a 240 acre lease on the Pickett & Wood tract in Cham bers County from Rycade Oil Company for nearly 1 million dollars. The deal includes 240000 cash and six free wells with six more to be drilled at Humble's expense, with cost-sharing from oil. Humble No 3 Middleton well near current production awaits cement after casing, with a 112 foot oil section.
Alma Oil Company's No. 1 Low well near Kirkland in Childress County was reported swabbing 25 percent oil and 75 percent water. Owners planned to pull tubing and run an 8 inch swab in the casing today.
Joe A. Worsham of Dallas was reported moving in a rig on his No. 2 Wathen in the Cayuga extension area in northwestern Anderson County on June 12.
Tests from the plugged back depth will be made late this week on the No 1 C T Valentine wild cat near Mound Prairie. Salt water was indicated in the lower wodbine section.
Samfordyce Edinburg Texas June 12 Harrison and Co No 2 George east of production ran casing at 2937 feet without DST sand cored between 1937 and 1947 feet. Corings 130 to 140 feet below the usual Samfordyce pay raise speculation of a deeper pay sand in the area.
A Tomball field oil well drilled by FE. Smith survey reached 5 569 feet in the No 2 Helis Ford and tested at 240 barrels per day through a quarter inch choke.
Santa Clara Oil Company drilled the No. 2 Wood-Welder on an offset to the Seven Sisters field discovery near Wells Freer Texas. The operation marks a follow up to the government wells sand find in the area.
Attorney General William McCraw and assistant Archie D. Gray plan an initial hearing in Amarillo Priday on the new gas conservation law with focus on ratable production. They travel by plane to gather first hand information and prepare to enforce Panhandle regulatory orders.
Kilgore Daily News reports East Texas oil operators pressured the House hot oil investigating committee to accept private contributions to extend the probe. Chairman Augustine Celaya, interviewed in Brownsville, said private funds had been offered but were declined “up to now.” Operators warn private gifts could set a dangerous precedent for future state inquiries.
In Hollywood the Rev. Samuel J. Williams of Hopedale Ohio could not contact film star Clark Gable who is on location at Santa Catalina Island. Williams says he will not abandon hope of bringing Gable to the church.
In McLean the Lions Club held its annual election yesterday naming W. E. Bogan as president and T. N. Holloway as secretary treasurer. New officers include W. W. Boyd as first vice president Creed Bogan as second vice president Rev. W. B. Andrews as lion tamer W. K. Wharton as tail twister and directors John W. Cooper and EF Turner. Hold over directors are T. A. Landers and Witt Springer.
R B Boyle editor of the Silverton newspaper travels from Amarillo to Melrose New Mexico with his wife’s body after she died of a heart attack in Hot Springs Arkansas while visiting for baths Burial set for Melrose Thursday morning at dawn.
Potter County Young Democrats praised volunteers led by President Tom Seay for aiding delegates at state and regional conventions. Visitors called the event a huge success with Amarillo citizens delivering a royal welcome.
The railroad commission yesterday named 11 new engineers to measure open flow capacities of Texas gas wells for proration. This move supports enforcement of energy laws in East Texas and elsewhere as authorities regulate production.
The Harris County Fee No. 1 Townsite oil test near Houston was recessed 100 feet to 4,690 feet today by Stanolind Oil and Gas Company. Operations paused to let cement harden while the well yielded salt water on initial completion attempts.
The Texas supreme court upheld Railroad Commission Rule 37 allowing drainage and denying an injunction, limiting drilling on a three acre Gregg County tract where Humble Oil held adjacent rights. The ruling fixes 660 feet between wells and 330 feet from property lines, with special spacing in other fields.
About 11 AM at Amarillo College of Music the Junior Opera Club holds the second rehearsal for the Iolanthe chorus. Last Monday 45 children joined the first session. Director Emil F Myers says memberships are open for a few days and invites parents to visit and learn about the program before enrolling. The group plans a summer opera with a mid July performance.
Matthew Sloan of the Missouri-Kansas-Texas Railway urged federal regulation for all transport modes, arguing unregulated rivals hurt lines financially. He cited Western railroads' financial distress as not solely due to the general economy, and noted the Senate has already passed the federal measure.
Dalhart closes its charity office after two decades of operation. Supervisor Mrs F R Stewart led the office since founding. County commissioners and public support had lined up relief authorities to take over its work.
Mrs. R G Neely of 1201 Van Buren Street departed yesterday for Cabot Arkansas to visit her mother Mrs George P Murrell. She traveled with Mrs Walter R Browne a former Amarillo resident who is en route to Nashville Tennessee to join her husband with the Federal Relief Administration. Neely plans to return in two weeks.
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