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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 14, 1933
Page
9
Wheat and grain markets show a transient upturn to fresh high records but overall values fall as selling intensifies. Eastern speculative profit taking and fears over acreage plans cited as causes. declines vary by commodity with wheat and corn posting sizable drops.
Amarillo reports basic carload grain deliveries to Texas points with receipts of wheat oats barley and various poultry products. Chicago prices show eggs butter poultry and other commodities with fluctuating levels and week’s receipts and shipments noted.
Midwestern cattle prices softened across major markets on June 13 as ample receipts and weak demand for dressed beef weighed on fed steers and yearlings. Chicago tops slipped to 7.40 for yearlings while Omaha and Kansas City paid up to 6.65. total 37,960 head across 11 markets, with hogs and lambs also showing softer or varied activity.
New York June 13. Financial markets show weariness with stocks sliding in late trading after a broad rally in exchange rates. U S Steel and rails retreat while electric bonds and majors bounce. curb stocks drift with irregular gains. copper steady and metals mixed as traders await Hull speech and London debt talks.
New York cotton trading shows cautious activity with traders awaiting acreage curtailment news. October slid to 9.65 before settling near 9.48, while July and December posted modest gains followed by declines as liquidation resumed. New Orleans market echoed weak tone amid stock swings and bullish May consumption hopes.
In New York markets June 13 heavy trading left stocks largely firm. U.S. government securities curb irregularities with some specialties advancing while foreign exchanges ease and the dollar shows a slight gain. Cotton steady with lower cables and rain aiding Texas. sugar soft. coffee up as European demand rises. Chicago wheat down on selling pressure. corn easy with ample receipts. cattle steady to 25 lower amid heavy supplies.
New York coffee prices rose on June 13 amid expected inflation impact with Santos and No 7 futures higher while spot activity remained dull. In Boston, wool trade showed only moderate volume with Ohio grades selling mostly 28 to 30 in grease and combing fleeces firm at 32 to 38 in grease. overall sales activity was slow.
The University of Texas Bureau of Business Research reports 151 new Texas corporations chartered in May, up 23 percent from April. Total authorized capital stock reached 1,960,704 dollars, down 18 percent from April's capitalization.
NEW YORK MONEY NEW YORK June 13 4 Cell money steady 1 per cent all day Time loans steady 60 90 days 1 4 mos 1 1%% 5 6 mom 1-144 per cent Prime commercial paper 1% Bankers acceptances unchanged.
The state of Texas, now an oil operator, forfeited a lease in the Bramlette survey in Gregg County's East Texas field. Seven producing wells on 33 and 40 acre tracts will be operated by Capt. Gaddis Bass pending lease reinstatement, resale, or release after a sub lessee's missed reports and payments.
The Texas Railroad Commission scheduled a June 26 hearing in Amarillo to consider a Texas Company application for a permit to extract gasoline from wells in the Panhandle district.
Kansas and Oklahoma delegates to the Chicago meeting will be uninstructed beyond acting in the best interests of the producing phase. Three codes are to govern production refining and marketing. The Texas Independent Petroleum Association declines Chicago attendance and proposes state meetings.
Texas Railroad Commission hearing on gate rates for Lone Star Gas Company will resume Friday and require about one more week to finish. Chief Examiner Olin Culberson said brief redirect examinations of state witnesses may occur. Lone Star may conduct its own redirect. The cross examination ended abruptly when Karl Griffith announced that is all. Freese testified the Lone Star fixes gate rates on an excessive valuation. he represents Hawley Freese and Nichols which appraised transmission properties serving nearly 300 cities.
The article explains how a baby’s ability to sit improves from the fourth month with a strong baby to later with a handicapped child. It warns against propping the infant in a chair, notes the harm to weak bones, and highlights physical or mental factors delaying sitting. A leaflet on development in sitting, creeping, and walking is available via request.
The Texas Railroad Commission ordered the Border Clas Company of Laredo to cut domestic gas rates from 67.5 cents to 55 cents per 1000 cubic feet. Austin tabulated a 40 cent city rate and the commission mandated refunds for periods since December 15, 1931. The utility may earn 7 percent and recover 3 percent for depreciation.
Interest surrounds the Garcia Lake structure in section 18 3n 2e as the deep wildcat drill progresses at 1556 feet in sandy lime after engine repairs. Heldrich Petroleum, Panhandle Refining, Gibson Oil, and Western Union Oil amass acreage and plan new tests across Dear Smith County and Curry County New Mexico. Harry Griswell, Western Union president, is noted for persistent drilling activity and successful wells.
The president will receive the honorary Doctor of Laws from Catholic University with ceremonies at 10 o clock. WABC CBS and WEAF NBC will broadcast. Flag Day programming includes Monticello and Alexandria programs at 1:15 and 1, with additional network features across WJZ NBC, WEAF NBC, and WABC CBS.
US crude output remained nearly unchanged at about 2.8 million barrels per day as oil firms awaited Thursday price increases. Oklahoma City field rose to 160,835 bpd, Texas output fell to 1,483,346 bpd, and East Texas dropped to 924,745 bpd amid regional shifts.
Houston June 13 new executive personnel at Humble Oil and Refining Company include R L Blaffer as president and treasurer succeeding W B Farish who resigned. Harry Wells becomes executive vice president with James Anderson as vice president. W W Fondren Frank H Sterling and John S Bonner resign as directors and are replaced by F B Townes general counsel Wallace B E Pratt and John R Suman as vice presidents join the board. Fondren Sterling and Bonner remain connected to the company.
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