War news drives stock totals to new highs in market rally
Good war news boosts investor demand as Allied advances and air raids lift markets. The GD stock average gains led by Chrysler, Dow, Du Pont and others with volume rising to 1,850,614 shares. Industrials and rails advance amid price parity measures and commodity gains.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Cherbourg
Japan
Willys-Overland
Johns-Manville
Chrysler
Oliver Iun
Air Reduction
Dow Chemical
du Pont
Philip Morris
Eastern Air Lines
Worthington Pump
Allied Chemical
Chicago
American Cranamid
Jagarama Power
Pantepec Oil
Markets at a Glance.
United Press reports stocks higher and bonds irregular with curb and Chicago stocks up. Cotton futures gain up to five cents a bale, while wheat and oats rise, rye gains around three to four cents, and barley up about one and a half to four cents per bushel depending on grain.
MENTIONED IN THIS ARTICLE
United Press
Chicago
Oil Men Seek Greater State Control Under War Plan
Leaders from six states in the Southwest outline a seven point program to return oil regulation to state authorities after wartime controls. The plan seeks to ease paper work, limit drilling reports and adjust rules for gas and condensate wells, with relaxed limits on second hand pumping gear and surface item expenditures. Speaker George A. Hill Jr. calls for a cooperative system between regulators and industry, noting prior successes in District 3. About 300 oil men and regulators from Texas Oklahoma Kansas Arkansas New Mexico and Louisiana attended the session alongside PAW officials led by Ralph K. Davies.
MENTIONED IN THIS ARTICLE
sTo 15
Risdeesttaht Domiinaing
Petroleum Administration For
George A. Hill, Jr
Houston Oil Company
Texas
Oklahoma
Kansas
Arkansas
New Mexico
Louisiana
Ralph K. Davies
The
PAW
Charles F. Roeser
Fort Worth
Fluctuating Cotton Prices Sweep Wide Range in Heavy Trade
New York prices fluctuated today with gains up to 1.40 a bale amid heavy buying by merchants and commissions. Late afternoon quotes show notable moves across July and December futures while spot Texas cotton trades in Dallas and Galveston set around 21.30 to 21.37 cents.
MENTIONED IN THIS ARTICLE
New York
Texas
Dallas
Spot
Gal-Veston
Houston
Wool Market
Higheer
New Oil Group is Announced In OPA District
A new oil advisory group is formed by the Office of Price Administration to better align the petroleum industry with rationing rules. J Doyle Settle is named to lead the committee, which includes distributors, independents, and marketing firms. The panel will meet with district officials to improve understanding and cooperation between OPA and industry.
MENTIONED IN THIS ARTICLE
Office of
Price Opa
J. Doyle Settle
Isieiet Mallezine
Settle
OPA
Farmers Warned To Hold Hogs In Chicago Market
Ralph Walter president of the Chicago Livestock Exchange warned hog producers to hold back hogs until a market glut clears this week. He said supplies should be cleared to steady prices as the trade seeks to avoid a further drop and maintain balance for the rest of the week.
MENTIONED IN THIS ARTICLE
Chicago
Ralph Walter
Chicago Livestock Exchange
Mpaster
Oil Stocks Plunge Despite Weekly Refinery Output Dip
New York trading roundup shows American Petroleum Institute data for the week ending June 10. Gasoline and crude stock totals declined from prior weeks while refinery output estimates lag behind last year. Production figures remain unclear but overall gasoline stocks totaled 86,911,000 barrels, with several week-to-week shifts.
MENTIONED IN THIS ARTICLE
New York
American Petroleum Institute
Pampa Air Field Closing Denied
Lt Col W B Marschner told a Pampa chamber luncheon rumors of Pampa field closing are false and the airport is not shutting down. He introduced Col Charlies B Harwin as the new commanding officer of Pampa field.
MENTIONED IN THIS ARTICLE
Pampa
Pampa Field
Chamber of Commerce
W. B. Marschner
Pampa Army Air Field
Marschner
Charlies B. Harwin
Parity Bill Promises Farm Price Support Sparks Grain Rally
Chicago reports bullish grain trade as House backed parity price measure for farm products. Wheat and rye rise up to five cents, oats advance, with short covering and stopless orders pushing July prices to 1.61 for wheat and 75 cents for oats. Fort Worth cash grain shows No 1 hard wheat 1.65 to 1.68, oats 86 to 88 cents, barley 1.24 to 1.26, and milo 2.40 to 2.47 per cwt.
MENTIONED IN THIS ARTICLE
Chicago
Lormias
Californ
Arizona
Louisiana Triumphs US
Texas Triumphs Fair
Board of Trade
Admiral Enlists as Seaman in Model Fleet
Louis Ray O Grady Jr a 17 year old high school junior from Albuquerque New Mexico gives up command of a 246 ship two ocean fleet of scale models to join the Navy as an apprentice seaman His fleet includes 16 nations with a three inch Turkish destroyer and a nine inch U S carrier Saratoga He copied the battleship South Dakota so precisely its guns elevate and depress.
MENTIONED IN THIS ARTICLE
Albuquerque
N. M
Louis Ray
Pat” O'Grady
Navy
U. S
Saratoga
South Dakota
O'Grady
Long Beach
Calif
Ipswich High School valedictorian marks family legacy
Dorothy Thomas graduated as valedictorian at Ipswich High School. All seven Thomas siblings also held valedictorian or salutatorian honors. Next year the father, school board president, will have no family member in the student body for the first time in 38 years.
MENTIONED IN THIS ARTICLE
Ipswich, S. D
Dorothy Thomas
Ipswich High School
Cattle Steady as Hogs Top at 13.50 in Midwest Markets
Kansas City and Chicago reports show hog sales 13.50 for 180-270 lb hogs with other weights down to 10.75, cattle generally steady with top steers near 17.60 in Chicago and Fort Worth noting slow trade but steady bulk, calves and cows varied by weight and grade, and lambs easing slightly across markets.
MENTIONED IN THIS ARTICLE
Kansas City
Chicago
Isc
Fort Worth
Hereford Yearlings Gain Rapidly on Grass Alone
Two and one third pounds per head daily on 500 head of yearling Hereford steers on the Southern Plains Experimental Range near Fort Supply during 46 days from April 15 to May 1. Cattle averaged 4388 pounds start and 106.4 pounds gain by end of May.
MENTIONED IN THIS ARTICLE
Southern Plains Experimental Range
Fort Supply
D. A. Savage
Bureau of Plant Industry
U. S. Southern Great Plains
Woodward, Ohlo
Canada
Texas
Bermuda
Virginia
Range grasses and weeds and fall field day notice
Listing winter annual and summer grasses and palatable weeds eaten by livestock. Announces Fall Field Day for October 7 to present grazing, reseeding, testing and strain improvement results and invites stockmen and the public to visit the station during the season.
MENTIONED IN THIS ARTICLE
Oklahoma
New Exhaustion Disease Noted
A new exhaustion illness linked to excess war effort was reported by Dr. J. M. Nielsen. It causes sudden fatigue, muscle wasting, and possible temporary paralysis, with months of rest needed for recovery. Three case types include a bus driver, a lodge worker executive, and a 14 year old girl.
MENTIONED IN THIS ARTICLE
Chicago
American Medical Association
J. M. Nielsen
Los Angeles
Martin G Vorhaus
S. Zachary Creel
New York City
Four Month Old Sydney Lion Chooses Women Keepers
A four months old male lion born at Sydney Zoo shows preference for women keepers. He plays with them and Meows when neglected, while avoiding men.
MENTIONED IN THIS ARTICLE
Sydney
Australia
Sydney Zoo
Gulf Coast Gasoline Stocks Hit Five Year Low
Gulf Coast Refiners Association reports the lowest gasoline stocks in five years for May's second half. Crude throughput reached 110,646 bpd, 31,298 more than 1943. charging rate 91 percent versus 54 percent a year ago. Total refinery product stocks fell to 2,833,672 barrels, down 421,108 from mid May.
MENTIONED IN THIS ARTICLE
Houston
Gulf Coast Refiners Association
School Board Adopts Rotating Child Care Plan
Tulare S D reports the Tu l are school board has set up a rotating schedule allowing each day a high school girl to be excused to care for the one and a half year old son of teacher Mrs Lester Kopplin.
MENTIONED IN THIS ARTICLE
Tulare, S. D
Tulare
Lester Kopplin
Valley guayule yields match Salinas center shrubs at 13 months
T F McAfee reports Rio Grande Valley shrubs 13 months old rival two year old plants at Salinas center. Tests on about 450 acres across Hidalgo and Willacy counties show first public Valley results and high quality guayule possible in the region. A midget searchlight gear for rubber rafts is introduced.
MENTIONED IN THIS ARTICLE
Edinburg
T. F. McAfee
Guayule
Rio Grande Valley
Salinas
Cal
Rio Farms
Elsa
Hidalgo County
Hidalgo
Willacy
McAfee
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Southwest
New Orleans
WFA
California
U.S
Texas Bliss
New Oil Group
NEW York Stock Exchange
Merrill Lynch
Pierce, Fenner & Beane
Vstys
Am Smelt
Am Tel & Telsate
West Auto Ae
Armour & Co
At&sf
Aviation Corp
Ats
Baldwin Loco
Renaix Aviation
Bethlehem Steel
Braniff
Sinclair Ol
Renee Ene
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General Te
Gui Oils
Ssseeee
Mid Cent
Montgomery Ward
Nash Kelvinator
National Biscuit
National Shipbuilding North Amer AY
Chio Onatonene
Packard Wee 1814
Amer Airways Ee
Paramount Theme Neee
Penn R R
Ewe One
Visndpecs
Seteeee Eee
Radio Corp Waee
Tex Gulf
Union Carbide
United Aircraft
White Motors
Warner Bros
Sve NJ
Nash-Kely
Sparks
Spiegel, Inc
St. F
I “Ss
Arch Top
Santa Fe
Chi Mu
T. Paul
Chicago & Northwestern
Illinois Central
Northern Pac
T. Louis & F
Penn Railroad
Southern Pacific
Czas
Western Union Se ‘Si Pe ’Neee
Pampa Air Field
Tom
Chicago Livestock
Hereford
Howard W. Blakeslee
Associated Press Science
Aemnens Bots
Johnnie Walker
Canada Day Ginger Ale, Inc
N.Y
Banner Watch
Dollar Pin & Tie
Swank
Polk
Gulf Coast
Globe-News
Norwich
Dad
Zale
Sithovs
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