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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 15, 1935
Page
6
Chicago and Kansas City reports show wheat advancing 1 cent to 1½ cents with better demand for grain. No. 3 red wheat quotes firm, corn and oats also up, while hogs and other provisions move higher amid improved grain activity.
Market notes from Amarillo and Fort Worth show unsettled receipts for poultry and meat products with firm prices in Chicago and local items in Texas. New York raw sugar and coffee futures moved, with futures slipping and spot prices steady to lower amid trading and holiday effects.
A New York market summary lists exchange values for Great Britain dollars Canadian and French francs and other currencies. It notes bids in francs marks lire and other units, with various country quotes and international city rates including Tokyo Shanghai Mexico City and Montreal.
U S D A report from Kansas City and multiple markets on June 14 shows about 12 000 cattle offered at 11 markets while hogs totaled around 28 000 with mixed gains and price shifts. Chicago and other centers noted slight recoveries after the weeklong price declines, with hogs top around 9 10 per cwt and cattle steady to higher on select lots.
June 14 New York stock market records a new 1935 high as volume surpasses a million shares. The Associated Press average rises .6 to 44.1 with rails leading gains while 40 industrials climb to 10.7. Curbs stay in a narrow range as Technicolor falls on light volume and miners show mixed moves amid labor concerns.
Cotton rose in New York on covering and buying amid firmer stocks and grains and weaker western weather. Final gains of 10 to 13 points. Census Bureau May consumption at 469,250 bales, mill stocks 579,130. exports 4,597,322 so far this season. Port receipts 2,897. U S spot markets mixed with New Orleans gains closing 12 to 14 points higher. Spot sales in southern markets 2,078.
New York markets show steady bonds as secondary loans gain. Utilities and specialties lead CURB higher while mixed foreign exchange and improved gold currencies appear. Cotton remains quiet amid unfavorable weather and Wall Street buying. sugar falls amid constitutional uncertainty. coffee quiet as commission houses support. Chicago wheat rises while corn falls on weather. cattle dull, hogs up 5 to 10 cents to a top of 10.00.
Reports from Liverpool Galveston and New York show Whitsuntide closings in Liverpool and steady spot cotton in Galveston with varied prices. Cottonseed oil and feeds traded in New York and Fort Worth with prices listed for hulls meal and cake. A deputy sheriff arrested a man named Bass for cattle theft in an unrelated local incident.
Call money and time loans hold at 4 percent with 60 day and 4 6 month terms offered. Prime commercial paper remains at 4 percent as bankers' acceptances stay unchanged. New York Reserve Bank rediscount rate sits at 1 1/2 percent.
Metals prices in New York on June 1 show small moves across bases. Copper steady around 2.00 with export 7.68 78. tin at 51.40 spot and 40.42 future. lead steady at 4.00 10. zinc dull with East St. Louis 4.80 future. aluminum 19.00 22.00. antimony 12.75. wolframite 14.59 15.00.
Bruce Lankford of Amarillo was held in Dalhart on a cattle theft charge after his arrest by Dalhart Sheriff Harvey Faust. He had been recently acquitted on a liquor violation in a separate case.
Amarillo marks Railroad Purchase Day as part of Railroad Week with cooperation between railroad officials and local merchants. The finale features bargains across the city and urges railway employees and residents to join in, with many merchants listing special items and low prices.
A Dallas notice misidentifies a birth as Jerry Mann Jr. The piece notes a Capitol area change with removable iron posts, and Gordon Griffin becomes director of oil production earning 4000 dollars. The Texas centennial coin sale raises 1.5 million with Amarillo leading in Texas sales.
Vacation church school begins Monday at Buchanan Street Methodist Church with Mrs J B Diggs directing. Classes meet from 9 to 11 each day. Students from other churches have be en invited to join the sessions.
Texas gains authority to regulate taking of natural resources as the high court rules the rule of property and the rule of capture are not affected by proration law enforcement. Attorney General William McCraw Archie D. Gray and W. J. Holt reported after attending a gas law hearing in Amarillo. Alma Oil No. 1 law swabbed 30 to 40 percent today with water. Robertson No. 1 Biddy constructing rig. Larkin & Warr No. 1 Gibson shut down at 275 feet.
Heyser and Heard with Walton of Dallas purchased 106 acres in Bee County’s Dirks pool for 106000 dollars, split as 53000 cash and 53000 from one eighth production. Texas Company No 1 Shoffner in Calhoun County reached 6262 feet depth washing in after sand top at 6232 feet. Maracaibo Oil Exploration will open Dallas HQ after July 1 as it liquidates Venezuela holdings. Harris County Fee No 1 well in South Houston tested 107 barrels of 26.6 gravity crude and 54 barrels of water with 450 psi gas in casing and 100 psi on tubing. about 3000 leases surround the discovery property.
A brief note outlines a program serving swimmers from four years old through the intermediate level, detailing progression tiers and training scope for all ages.
Thirty four Girl Scouts enjoy the second week at Camp Kilwanis ten miles west of town under registrar Mrs P L Reppert. Camps include scoutcraft nature study handicraft archery swimming dramatics pioneering with nightly banquets and themed nights.
Judge E C Nelson refused the divorce sought by 75 year old Martha Grace and 84 year old Ed Grace. She received a lump sum of 100 dollars and alimony of 75 dollars a month during separation or until settlement. She keeps the home at 1405 Pierce Street with a son. Ed Grace has moved to Minneapolis to live with a daughter.
The Church of Christ at Bushland ends a two week mission with three services on Sunday. A noon fellowship lunch follows the morning service at Central Church of Christ on Fourteenth Avenue and Monroe Street. Baptismal service at 5 p.m. at the same building.
Clarence Grogan fourteen climbed a fence at night seeking a stone for a slingshot. He slipped and an iron fence picket pierced his side just below the waist, causing fatal injuries in Fort Worth.
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