Stocks Rally as Paris Defense Boosts Market Outlook
New York stocks rose briskly from recent lows on hopes Paris would be defended and a brighter American industrial outlook. Leading steels, chemicals, motors and aircraft gained four to nine points amid a strong 60-stock index advance and heavy turnover.
MENTIONED IN THIS ARTICLE
New York
Paris
Associated Press
U. S. Steel
Bethlehem
Chrysler
U. S. Rubber Preferred
Montgomery Ward
Sears Roebuck
Case
Douglas
Wright Aeronautical
DuPont
Allied Chemical
Dow Chemical
Westinghouse
Union Carbide
Johns Manville
American Telephone
American Woolen
American Aluminum
Waport Lines
Heyden Chemical
Colts Firearms
Jones & Laughlin Steel
Standard Oil
Ohio
Wheat Market Dips After Yesterday's Advance
Chicago reports indicate wheat futures closed 7-15 cents lower from yesterday with July at 82 1/2, Sept at 82 1/2 after an intraday rise. Corn down 2 1/4 to 3 1/4 cents, oats mixed to slight declines, rye down about 1 1/2 to 1 3/4 cents amid international and domestic crop condition shifts. Cash grain across Chicago Kansas City and Fort Worth shows varied small gains and steady prices with No 2 hard and yellow grades trading modestly higher or steady.
MENTIONED IN THIS ARTICLE
Chicago
U.P
Kansas City
Fort Worth
Closing New York Stocks Mixed as Commodities Rise
New York stocks show strength led by chemicals steel and Urcrafts while bonds lag. Foreign exchange fluctuates with dips. cotton firm on demand from Wall Street and abroad. sugar and wool advance. Chicago wheat falls while corn stays easy. cattle steady to 25 lower and hogs gain 10 to 20 cents with top at 5.40.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Chicago
Cattle and Hogs Active Market Report From Chicago Livestock Sale
Nebraska and Chicago markets show hogs top at 5.40 with 180 to 270 pound bids 5.10 to 5.40. Cattle trade steady to higher with best yearlings up to 11.10 and heavy weigh steers 9.40 to 10.25. Sheep market remains steady with best clipped lambs near 11.50 and mid grades around 7.50 to 8.00.
MENTIONED IN THIS ARTICLE
Haere
City
Nebraska
Chicago Livestock
Chicago
New Orleans
Denver
USDA
Ted Spre
Oklahoma City
Fort Worth
Amarillo Livestock Sales Co
Cotton Futures Rise Sharply on Short Covering and Demand
Cotton futures gained 10 to 26 points as heavy short covering by foreign accounts and buying by traders and Wall Street lifted prices toward 2 a bale. Liverpool market trading free within limits planned from Thursday adds bullish tone alongside strong cloth sales projections and firm New Orleans and Chicago produce signals.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Liverpool
ICC Sets Rate for Cattle Shipments
The interstate commerce commission set an 85 percent rate for stocker and feeder live stock shipments in the western district, including Chicago, with full fat cattle rate applying to shipments to public markets. The railroads proposed ending the 85 percent rate unless a reshipment occurred within 18 months, which the commission rejected as unjust.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
Chicago
Roy Rogers Headlines Clovis Show Return to Amarillo
Roy Rogers and companions Hugh Roden and Gertrude Ezell headlined a Clovis celebration last week. Gov. John E. Miles of New Mexico attended a special program. Roden won first prize in the old fiddlers contest. Rogers plans to remain at 217 North Pierce Street before returning to Wellington.
MENTIONED IN THIS ARTICLE
Roy Rogers
Whistling Cowboy
Amarillo
Clovis
Mr. Rogers
Hugh Roden
Gertrude Ezell
John E. Miles
New Mexico
Roden
North Pierce Street
Wellington
New Orleans and Galveston Spot Cotton Prices and Quotations
Spot cotton markets in New Orleans and Galveston show price movements with middling around 10.54 to 10.87 cents per pound and varying quotients for low middling to good middling. Receipts, stock levels, and daily spot sales are reported along with cottonseed feed quotations from Fort Worth for Texas mills.
MENTIONED IN THIS ARTICLE
New Orleans
Galveston
Fort Worth
Weartjern Feeders Supply Company
Texas Mills
Amarillo Receipts Report Four Wheat Cars in Market
Amarillo market notes show four cars of wheat received in the Amarillo area. Wheat prices listed at 20.81 per unit, with deliveries recorded under Texas common market points.
MENTIONED IN THIS ARTICLE
Amarillo
Texas
Rally Moves to Tonight in Happy on Main Street
A political rally shifts from last night to tonight in Happy on Main Street. Sponsored by the Happy Uncle Sam Band, the event aims to rally local support in a tight window. The schedule places the gathering under a festive civic banner bright with local color.
MENTIONED IN THIS ARTICLE
Happy
Main Street
Happy Uncle Sam Band
Oil Market Summary and Cargo Law Repeal
Tulsa report notes kerosene prices slipping amid weak late season demand while gas, natural gas, and crude hold steady with varied movements across fuels. Midcontinent refiner prices show gasoline around 60 cents per gallon with broad tax exclusive ranges for multiple fuel products. Roosevelt signs Hr 6751 repealing old cargo manifest laws, easing certifications for coastwise and intercoastal shipping and speeding vessel clearances.
MENTIONED IN THIS ARTICLE
Oklahoma
Okla
North Texas
Portion of Europe Shuts to American Shipping
In Washington on June 12 President Roosevelt extended the combat zone to the Mediterranean, closing most European coastlines to American shipping amid Italy’s war entry. Only Portugal and northwest Spain remain accessible, with vessels barred from the Mediterranean and Black Sea. The Washington incident near Portugal highlighted submarine danger, while officials suggested limited service might continue to Portugal and Spain.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Mediterranean
Italy
Europe
Portugal
Spain
Bosphorus
Black Sea
State Department
United States
Harry Manning
Oil Industry Faces War Induced Shifts and Losses
The oil sector weighs effects of Mediterranean war, with Italy diverting tankers to neutral ports and Britain France potentially sourcing more from the Americas. In Venezuela the hit to supply routes could raise U S and South American crude demand while Gulf Coast fields expand with new distillate and gas pools. Independent operator Jerome McLester offers 50 000 barrels to Churchill if logistics are covered. Field reports show 561 completions for the week ended June 8.
MENTIONED IN THIS ARTICLE
Tulsa
Oklo
Mediterranean
Italy
Gulf Ports
Germany
Holland
Belgium
Houston
Il Duce
Housston
Britain
France
Cape of Good Hope
Americas
Venezuela
Aruba
Netherlands West Indies
United States
Abraham
Tex
Jerome McLester
Chutchill
Texas Railroad Commission
McLester
Oil and Gas Journal
Nebraska
Forest City
Ranchman's Round-Up Set at Sonora June 17 18
Taylor to speak as ranchers and livestock men attend the eleventh Ranchman's Round-Up at the Texas Agricultural Experiment Station Sub-Station near Sonora on June 17 and 18. Speakers include Jay Taylor Amarillo C B Wardlaw Del Rio Edwin Mayer San Angelo and Roy Lowenthal Lufkin.
MENTIONED IN THIS ARTICLE
College Station
Texas Agricultural Experiment Station
Sonora
W. H. Cameron
Jay Taylor
Amarillo
Texas and Southwestern Cattle Raisers Association
C. B. Wardlaw
del Rio
National Wool Growers Association
Edwin Mayer
San Angelo
Texas Sheep and Goat Raisers Association
Roy Lowenthal
Lufkin
Texas State Livestock Sanitary Commission
Dimmitt Names Red Cross Heads
Dimmitt elects new Red Cross officers including Chairman W. M. Morrow Vice Chairman C. K Reynolds Secretary Mrs. Edgar Ramey and Treasurer B W Shipley in a re organization with committee chairs to be named An emergency relief campaign is underway.
Marginal Wells Rule Changes in Texas Oil Fields
In Austin on June 12 the Texas Railroad Commission issued an order allowing pipelines to gather the full amount of the first 15 days allowable production from marginal wells during the period after forecast tenders. In Victoria County the Telfener Field requires at least 750 feet of surface casing tested to 1000 pounds. Stribling Field rules in Stephens County were amended to set 40 acre units with 10 acre tolerance and spacing of 770 feet between wells and 330 feet from property lines. Bailey Sheppard of Longview, a former assistant attorney general, announced for state railroad commissioner that Texas oil fields will receive strong support for the President's defense program. He pledged a square deal for all Texas oil fields.
MENTIONED IN THIS ARTICLE
Austin
Texas Railroad Commission
Telfener
Victoria County
Stephens County
Longview
Texas
Bailey Sheppard
Sheppard
McLean Lions Club Elects Officers for New Year
At the annual election held here Tuesday the McLean Lions Club chose Joe Dowlin as president and A. W Hicks Guy Hibler Emory Crockett D. A Davis G O Greene and G H Fomby for key posts. Directors named were Perry Everett and T A Landers.
MENTIONED IN THIS ARTICLE
McLean
The
Lions Club
Joe Dowlin
A. W Hicks
Guy Hibler
Emory Crockett
D. A Davis
G. O. Greene
G. H. Fomby
Perry Everett
T. A. Landers
Roosevelt Plans 24 Hour Navy Yard Work Shifts
Washington June 12 Roosevelt announced plans to place all government navy yards and arsenals on a 24 hour day with three shifts to accelerate rearmament and defense readiness.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Crude Oil Output Rises in Week to June
Daily crude production in the week ended June 8 rose to 3,616,950 barrels from 3,651,350 the prior week with Texas increases driving the gain. Gasoline stocks fell seasonally by 882,000 barrels. reserves slid to 99,471,000 barrels while crude runs averaged 800,000 barrels daily. Imports for domestic use and bond receipts totaled 1,350,000 barrels for the week.
MENTIONED IN THIS ARTICLE
New York
U.P
American Petroleum Inestitute
Bureau of Mines
Texas
U. S
Get Your Own Certified Mile Dial Today at Conoco
A promotional note from Continental Oil urges customers to visit Your Mileage Mer chant's Conoco station for a free certified mile dial. High demand is emphasized to entice quick action.
MENTIONED IN THIS ARTICLE
Conoco
Continental Oil Company
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