Market gains fade as profits trim advances
Stocks rose to new 15 year highs but profit taking trimmed gains late. Carriers led while steel and inflation pressures influenced activity. Notable movers included Union Pacific, Southern Railway, Chesapeake & Ohio, Parmelee Transportation, and several others with several industrials slipping. Bond markets showed uneven improvement.
MENTIONED IN THIS ARTICLE
New York
Congress
Union Pacific
Southern Railway
Chesapeake & Ohio
Crane Co
Hollander & Sons
Parmelee Transportation
Southern Pacific
Baltimore & Ohio
American Telephone
Republic Steel
General Motors
Chrysler
Kennecott
Anaconda
Douglas Aircraft
Westinghouse
Johns-Manville
du Pont
Markets at a Glance New York June 17
Stocks higher with rails leading advance and improved bonds as rails also advance. Cotton higher on renewed foreign inquiries. Oats ceilings. Hogs steady and active with top around 14.85. Cattle very active with top ceiling about 18.06.
MENTIONED IN THIS ARTICLE
New York
Davies' Wife Recovering After Yacht Fall
Joseph E. Davies, former ambassador to Russia, said his wife is out of danger following a serious fall aboard their yacht last week in Washington.
Visible Wheat Supply Rises in Chicago Trade Figures
Chicago Board of Trade reports week gains in wheat with 36 908 000 bushels visible up 3 693 000. Corn and oats drop 3 970 000 bushels each to 19 935 000. Rye unchanged at 352 000 and barley falls 472 000 to 4 145 000.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Chicago Produce Market Report June 17
Butter receipts 542,188 lbs market firm. Eggs 45,804 cases market firm unchanged. Wholesale prices on mercantile exchange list extras and standards with various grades and price ranges.
MENTIONED IN THIS ARTICLE
Chicago
U.P
Mercantile Exchange
Stock Market Quotations From Merrill Lynch Bulletin
Quotations on stock movements provided by Merrill Lynch, Pierce Fenner Beane. Summary reflects daily price shifts and notable changes across major issues as recorded for investors and brokers.
MENTIONED IN THIS ARTICLE
Merrill Lynch, Pierce, Fenner & Beane
Oats Trade Activity Narrow on Chicago Board of Trade
A quiet session on the Chicago Board of Trade saw limited oats trading with no strong opportunities as nine of eleven listed contracts stayed inactive. Cash markets noted the first arrival of the new wheat crop, with No 1 dark hard winter moving to a local milling concern and closing bids at 1.461 and 0 for oats.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Winnipeg
Kansas City Cash Grain Roundup June 17
Wheat 278 cars unchanged with No 2 dark and hard north of, prices 1.871 and 2.0114. No 2 red nominal 1.92 to 1.96. Corn 41 cars unchanged 1.57 to 1.5814. No 2 yellow nominal 1.42 to 1.4314. No mixed 1.42 to 1.4314. Oats 13 cars unchanged No 2 white nominal 0.8434 to 0.92.
MENTIONED IN THIS ARTICLE
Chicago
Fort Worth
Kansas City
Wool futures close unchanged in New York market
Wool tops futures in New York closed steady with July 1947 at 133.0, October 1947 opening 133.0 and low 132.5, last at 133.0. No change from prior close as market held steady through trading session.
MENTIONED IN THIS ARTICLE
NEW York Wool
New York
Cotton futures rise on New Orleans trade buying
New Orleans futures edged higher with a 15 to 35 cent bale gain as spot cotton steadied in New Orleans and Galveston. Prices for nearby contracts ended near the day’s highs, while spot sales showed firmer middling values and steady receipts.
MENTIONED IN THIS ARTICLE
New Orleans
Orana
Cotton Prices Across Southern Markets Rise to 29.28 Cents per Pound
Average middling 15-16th inch cotton at 10 Southern spot markets today 29.28 cents per pound, 50 cents a bale higher. Past 30 market days average 28.00 cents. middling 16th inch average 27.65 cents.
MENTIONED IN THIS ARTICLE
New Orleans
Potato market report lists prices by region and variety
Chicago June 17 USDA market notes show potatoes firmer with California Long Whites at 3.10 to 3.15, Pontiacs 3.50, Arizona Bliss 3.35, Kansas Cobblers 2.10 to 2.20, Texas Bliss 2.50, all in 100 pound sacks and U S quality.
MENTIONED IN THIS ARTICLE
Chicago
USDA
California
Pontiacs
Arizona Bliss
Kansas
Texas Bliss
U. S
Choice Beef Steers Bring $16.50-17.65 In Active Market
Kansas City cattle sale reports 12 200 head with 2 400 calves. Slaughter steers and heifers rise to 17 65 and 17 50 respectively while cows and bulls move variedly. Sheep bids show spring lambs at 16 50 and 14 25 for mid grades. Chicago hogs 14 85 ceiling and sows 14 10 ceiling as cattle and calves stay active.
MENTIONED IN THIS ARTICLE
Kansas City
Texas
Chicago Livestock
Chicago
USDA
Feeder Cattle Market Mixed Gains Across Classes
Fed steers and yearlings rise 15 25 cents, heifers and bulls up to 25 cents. Prices mostly 16.50 to 18.00 with best heifers at 17.50. Southwest grass cows 14.00 to 15.00, heavy beef bulls to 16.00. Vealers 17.00 down, stock cattle strong at 16.00 to 17.25.
Fort Worth Livestock Prices Report Calves Steers Cows
Fort Worth market report shows 5 300 cattle 1 800 calves with prices for fat steers yearlings 16.00 to 16.75 cows 12.75 to 14.00 cutters 7.75 to 8.75 canners 6.00 to 7.75 sausage bulls 8.50 to 11.50 etc. Stockers and calves price ranges listed with variations by quality.
MENTIONED IN THIS ARTICLE
Fort Worth
U.P
USDA
Oklahoma City Livestock Market Report
Cattle numbers 3700 with 1000 calves, stockers and feeders lead receipts. Prices show steady or slightly lower trends from last week. medium grass steers about 14.75, yearlings 14.50 to 16.00, beef cows 6.50 to 9.00, good bulls to 13.90, vealers 16.50 and down, stockers and feeders steady to easier with steer and yearling sales 14.50 to 16.25.
MENTIONED IN THIS ARTICLE
Oklahoma City
EOE Oearts
Auction Sale Trading Steady on Amarillo Stock Market
Opening trading on the Amarillo live stock market yesterday remained largely steady with last week’s close. Heavy cattle offerings from drouth areas dominated the auction and stocker trade was slow as many cows with calves at foot appeared in the top consignments. LaFon & McGregor of Amarillo was a leading seller. Cow and calf combinations brought about 120 dollars on average. single heifers topped 16 dollars in good flesh. Estimated receipts were 2 000 head.
MENTIONED IN THIS ARTICLE
Amarillo
Drouth
LaFon & McGregor
Amarillo Livestock Auction Co
Shamrock Legion Post Sets Initiation for 40 Members
Shamrock June 17 Special Commander Carl McPherson calls a special Legion meeting Tuesday night to initiate more than 40 new members. Veterans of World War II are invited to attend and join the DeShazo George Post, which has passed the 200 mark in membership with many more eligible. All ex service men urged to join. The note also mentions 1946 bathtub production growth versus 1945.
Gasoline Prices See Uproar as Ceilings Near Limits
Tulsa report notes Midcontinent gasoline market firming all week and hints tank car prices will soon press CPA ceilings. U S Motor 173-75 octane rose to 5 8c under ceiling while spot prices show gasoline and other fuels inching upward on sustained demand.
MENTIONED IN THIS ARTICLE
Tulsa
U.P
U. S
Okla
N. Texas
C. S
No Design On Oil Powers Says Interior Officials
Interior Department officials told Senate lawmakers the new oil and gas division will coordinate federal agencies and advise Congress without seizing policy powers. Undersecretary Oscar Chapman and Ralph K. Davies described plans to avoid past fragmented control and create a peacetime counterpart to wartime petroleum councils.
MENTIONED IN THIS ARTICLE
Washington
Interior Department
Senate
Department
Congress
Special Petroleum Committee
O. Mahoney
Wyoming
Oscar Chapman
Chapman
Ralph K. Davies
Davies
War Time Petroleum Industry War Council
Louisiana Guernsey cattle sale sets $177 average
The Louisiana Guernsey Cattle Club sold 47 registered Guernsey heifer calves in Alexandria for a record auction, averaging $177. Twenty nine calves went to Future Farmers of America and 4 H members at near cost, as the event marked the largest of its kind in Louisiana. Chloropicrin, a World War I tear gas, is noted as a preventive for eelworm damage on several crops.
MENTIONED IN THIS ARTICLE
Alexandria
Louisiana Guernsey Cattle Club
Louisiana
Farmers of America
Radio Program List From Old NBC ABC Formats
Radio listings show Dariana Lora Lawton NBC Road Of Life Joyce Jordan NBC ABC My True Story Hymns Of All Churches ABC The Listening Post ABC Man On The Street Bernie Howell News By Air Winstop Duzazitt Backstage Wife Stella Dallas Lorenzo Jones Young Widder Brown When A Girl Marries Portia Faces Life Just Plain Bill Front Page Farrell NBC May reflect a scheduling snapshot from a historic era with multiple serials and talk segments.
MENTIONED IN THIS ARTICLE
ABC
the Listening Post
Man
Bernie Howell
Winstop Duzazitt
NBC
Stella Dallas
Lorenzo Jones
Young Widder Brown
Portia
Bill
Front Page
Farrell
FPC Gas Study In Final Phase
The Federal Power Commission opened the final phase of its natural gas inquiry in Washington. Over five to six weeks hearings will cover expansion of pipelines and markets with a policy program and legislative amendments to follow. Witnesses include coal and railroad representatives and officials from the New York Public Service Commission. Warren N. Watson urged conserving gas for synthetic materials rather than burning it as fuel.
MENTIONED IN THIS ARTICLE
Washington
U.P
Federal Power Commission
FPC
New York Public Service Commission
Warren N. Watson
The
Manufacturing Chemists’ Association
Woolaroc Museum Closes for Summer Construction
The Woolaroc Museum near Bartlesville Oklahoma will close to visitors starting July 1 Pat Patterson the museum director announced. Renovations include new offices and shop facilities a full air conditioning system a remodeled interior and moving the main entrance to the north side plus a new wing. Tours are expected to resume late in the fall.
MENTIONED IN THIS ARTICLE
Woolaroc Museum
Bartlesville
Okla
Pat Patterson
Night in Casa Blane and other current attractions
The calendar lists Paramount nights with Night in Casa Blane and Marx Brothers, STATE features A Walk in the Sun with Dana Andrews, CAPITOL hosts Miss Susie Slagle's with Sonny Tufts and Veronica Lake, RIALTO shows In Fast Company with Leo Gorcey and Huntz Hall, TEXAS presents San Antonio with Errol Flynn and Alexis Smith, VICTORY features Whistle Stop with George Raft and Ava Gardner, REX runs The Strange Affair of Uncle Harry today only, STAR offers Colonel Effingham's Raid today only with Joan Bennett and Charles Coburn, LEON presents Redhead today and tomorrow with June Lang and Johnny Downs, night clubs Mayfair and Old Tascola list performers and orchestras, NAT shows open nightly with Dick Stevenson, RAINBOW GARDENS operates Monday through Saturday with Sons of the Est, AVIATRIX open nightly with Carlton Scales Band, MEXICAN INN features Dick Miles and trio for dinner and dancing nightly.
MENTIONED IN THIS ARTICLE
Paramount
Casa Blaneca
Marx Brothers
State
Dana Andrews
Capitol
Susie Slagle
Sonny Tufts
Veronica Lake
Rialto
Leo Gorcey
Huntz Hall
Texas
San Antonio
Errol Flynn
Alexis Smith
Victory
George Raft
Ava Gardner
REX
Uncle Harry
George Sanders
Geraldine Fitzgerald
STAR
Colonel Effingham
Joan Bennett
Charles Coburn
LEON
June Lang
Johnny Downs
Mayfair
Texas Wanderers
Bob Sylvester
Eloise
NAT
Dick Stevenson
Rainbow Gardens
Sons of Theest
Aviatrix
Carlton Scales
Dick Miles
Shreveport
Collaboration No Says Mrs Quisling Pleads Innocent
In Oslo on June 17 Mrs Maria Quisling 46 widow of Vidkun Quisling pleaded not guilty to charges of collaboration with Nazi authorities and to being a member of Norway Nazi Party. She denied taking royal furniture and silver and said her husband should not be blamed for misused government funds. She stated pride in her husband and noted her birth in Kharkov Russia and her dislike of Joseph Terboven.
MENTIONED IN THIS ARTICLE
Oslo
Norway
Maria Quisling
Vidkun Quisling
Quisling
Also Mentioned on This Page
Western Union Tee
White Motors
Willys-Overland
Wilson’ & Co
Woolworth
Dow-Jones
Merrill Lynch
Pierce Fenner & Beane
Cornwith & Son
Alleghany No Canadac
No Am Airlines
Vertient Cam
NY Central
Armour & Co
Packard
Curb Am Smelt & Ref
Associated Press
Ark Nat Gas A
el Bond & Sh
Humble Oil
Bendix Aviation
Lone Star Gas
Gillette Razor
Goodrich Te
Mid Cent Pet
Montgomery Ward
Galveston
Ee Neweas
Dee Eee Oeeters Eesaee
Mrs. Tae
Ysters
Granny
Tremenodou Lieereet
Killer
Woods
Fort Worth Livestock
Oklahoma City Livestock
Shamrock Legion Post
United States
Guernsey
KGNC
K. C
Smoky Joe Barnes
Davis Sisters
Trading Post Western Jamboree News
Dariana Lora Lawton
Road of Life
Joyce Jordan
Fred Waring
Barry Cameron
David Harum
NBC News
Art van Damme
Rush Hughes
Lsc
Martin Agronsky
Warwood Kelloge
Melody Lane
ABC News
Monte Magee
Women of America
Ma Perkins
Pepper Young's Family
Right To Happiness
Judy and Jane Lines
Living News
KFDA
Panhandle
Whiteway Birthday Club
Morton Downey
al Pearce
ABC Ladies
Jack Berch
Hop Harrigan
Terry and the Pirates
Dick Tracy
Jack Armstrong
Judy
the Great Dunninger
Romberg
Chesterfield
Barry Wood
Hollywood
Gamees Ochestra
Orehvestra Orchastra
Meloday Lane
Sum and
Abner
the O’neills
Musile
Harry Wismer
Louis Conn Take
Hoosier Dc
Morgan
Ted Malone
Cal Tinney
Astor Roof Orch
ABC Music
Magic Dan
Walgreen
Cretney
Catching
Herbert
Marshall
Dayton
Éth
Tyler
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