Industrials Lead Favorites Yield Over Six Points
New York traders saw a thin market with blue chip industrials leading the decline as majors fell 1 to over 6 points. Transfers totaled 1,150,000 shares, with Du Pont down 64 to 217.25 and other leaders like Chrysler, Paramount, Montgomery Ward, and U S Steel dropping. Goodrich rose 11 4 to 74.75 amid tire ceiling lifts, while bonds eased unevenly.
MENTIONED IN THIS ARTICLE
New York
Tme
du Pont
Chrysler
Gimble
Paramount Pictures
Montgomery Ward
Douglas Aircraft
U. S. Steel
Santa Fe
Bethlehem
Youngstown Sheet
General Motors
Southern Railway
Baltimore & Ohio
Chesapeake & Ohio, Texas Co
Kennecott
American Telephone
American Water Works
Dow Chemical
Johns Manville
Goodrich
U. S. ‘Rubber
Goodyear
Wool futures close lower on New York market
Wool futures closed three quarters of a cent lower to two higher with July at 94.5 and 1947 contracts around 96.0. Certificated wool spot at 94.5. wool tops futures closed unchanged to six tenths of a cent lower with May 133.0 and July 132.9. Certificated spot wool tops 133.0.
MENTIONED IN THIS ARTICLE
New York
Junagi
Markets at a Glance New York June 18
Markets at a glance show stocks lower after an early recovery attempt. Bonds are irregular with some rails higher. Cotton is lower amid liquidation by commission houses. Chicago oats reach a ceiling. Hogs stay steady and active with top 14.85 dollars. Cattle advance 25 cents higher on most killing classes, top 18 dollars.
MENTIONED IN THIS ARTICLE
New York
Commission House
Chicago
Middling and Good Middling Price Tags
The report lists price tiers with strict middling at 29.45 and good middling at 29.55, plus strict good middling 29.55 and mid dling fair 29.55, indicating market values across categories. These figures show small spreads among quality grades and a rising mid tier.
Cotton futures fall under liquidation amid price control worries
New York and New Orleans markets report heavy liquidation in the cotton futures arena as concerns over pending price control legislation and stock market weakness weigh on prices. July contracts show losses up to 1.60 per bale, with spot cotton at 23.80 to 29.35 depending on grade and receipts about 3,588.
MENTIONED IN THIS ARTICLE
New York
Commission House
New Orleans
OPA
New Orlean
Choice Grade Steers Hit Strong Prices in Active Market
GALVESTON June 18 spot cot ton steady. Livestock in Kansas City trade shows active firm market for medium to choice slaughter steers and mixed yearlings. Good and choice steers mostly 16.50 to 17.65 with heifers and calves also in demand. cows remained steady. Sheep demand moderate with lambs and native stock pricing around 16.50 for shippers and lower for packers. Texas clipped lambs quoted around 10.75 to 11.40.
MENTIONED IN THIS ARTICLE
Kansas City
U.P
USDA
Shipping Inquiry
Texas
Grain futures nearly idle amid Office of Price Administration uncertainty
Chicago trading showed virtually no activity with only a few November and December outs at ceiling prices and no corn or barley offerings. Oats hit an all time low purchase of 30 000 bushels. traders expect no action until OPA fate is decided.
MENTIONED IN THIS ARTICLE
Chicago
Office of Price Administration
Chicago and Fort Worth Livestock MarketsJune Update
Chicago market shows 8 000 head herd with barrows at 14.85 ceiling and sows 14.10 ceiling meal. Cattle 4 000 with fed steers and yearlings at 17.00 to 18.00, heifers 18.00, vealers 17.00. Fort Worth receipts 4 000 cattle, 1 500 calves steady to weak with steers 16.00 to 16.75 and cows 12.75 to 14.00. Oklahoma City stockers and feeders active with steers 16.00 to 17.40 and stockers 14.50 to 16.25.
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
USDA
Fort Worth
U.P
Oklahoma City
Cattle Trading Steps Up Here in Amarillo Market
Cattle trading in Amarillo increased in tempo with strong prices on light receipts of about 550 head at the Amarillo Livestock Auction Co. Raymond Jarvis of Stinnett sold 900 pound steers at 15.60 per hundredweight while light stocker steers and good heifers neared 16.00. Traders noted a market up about 50 cents from prior days though top stocker prices were not exceeded and drouth areas continue to depopulate.
MENTIONED IN THIS ARTICLE
Amarillo
Raymond Jarvis
Stinnett
Drouth
Amarillo Livestock Auction Co
Hereford Grain Averages Fair
Hereford grain elevators report the start of Deaf Smith County wheat harvest with yields from 8 to 15 bushels per acre on dry land and 20 to 30 on irrigated fields. Irrigated wheat lags but may reach 40 bpa. Fraser Milling resumes receipts after fire damage.
MENTIONED IN THIS ARTICLE
Hereford
Deaf Smith County
Sears and Teter
Cecil Gunter
Packard Milling Company
Fraser Milling Company
Tulsa Attorney Challenges Federal Intervention in Gas Industry
Tulsa attorney John H. Poe told the Federal Power Commission that federal intervention in natural gas production and gathering should be avoided. He argued state laws conserve resources and that decisions about gas and oil traction are primarily a state matter, noting industry cooperation with state regulators.
MENTIONED IN THIS ARTICLE
Tulsa
Washington
Federal Power Commission Today
John H. Poe
Okla
Poe
Oklahoma
Evu
Stuwwearne
National Gas Industry Committee
Commission
Gas chemicals from Texas Oklahoma could boost value, says Watson
Watson told the Federal Power Commission that removing butane ethane and propane from natural gas before burning could raise returns without lowering fuel value. He cited 10 million cubic feet daily as needing a 25 million dollar plant to extract chemicals, with wide industrial potential. Witnesses from Panhandle Eastern and others slated for hearings July 15.
MENTIONED IN THIS ARTICLE
Washington
Texas
Oklahoma
Warren N. Watson
Manufacturing Chemists Association
Federal Power Commission
Don Culton
Amarillo
Natural Gas Industry Committee
Watson
Panhandle
Commission
Appalachian
Brazoria County
Tex
Leland Olds
FE. Buddrus
Chicago
Panhandle Eastern Pipe Line Company
Southwest
General Strike Paralyzes Athens as Parliament Approves New Laws
A 24 hour general strike called by the leftist General Confederation of Labor began this morning in Athens to protest emergency measures of the right wing government. Parliament approved the drastic new laws after an all night session.
MENTIONED IN THIS ARTICLE
Athens
General Confederation of Labor
Gas Station Robbery Attempt Fails On Tuesday Morning
Two men attempted a firearm robbery at the Castleberry Service Station at Sixth and Harrison early Tuesday. They demanded money from attendant Ray Fuller but fled when a car arrived, claiming no cash was available.
MENTIONED IN THIS ARTICLE
Castleberry
Sixth
Harrison
Ray Fuller
Taylor
Fuller
State Commencement Exercise For Baptist Vacation School
About 500 children from First Baptist Church will partake in a state commencement tonight in the church auditorium from 7 30 to 8 30. Ray Rozell directs the program showing the regular morning exercises memory work by children aged three to thirteen and a moving picture on Paul.
MENTIONED IN THIS ARTICLE
First Baptist Church
Ray Rozell
Paul
Auto Caravan to Dalhart Planned by Amarillo Committee
A goodwill automobile caravan to Dalhart and the XIT reunion is organized by the Amarillo Chamber of Commerce wholesale trade development committee. The group will depart from the north side of the Amarillo Hotel at 1 15 o clock Monday afternoon.
MENTIONED IN THIS ARTICLE
Dalhart
DC Committee
Amarillo
XIT
Chamber of Commerce Wholesale Trade Development Committee
Six Amarillo and Panhandle Men Enlist in Regular Army
Six Amarillo and Panhandle men have been enlisted in the Regular Army, Capt. FE. L. Hinton announcing. They are Charley B. Sims of 411 Roberts, Alvin T. Brinegar of Ralls, Hazen E. Nall of Sunray, and William F. Sharp and Frank DeHart, both of Claude.
MENTIONED IN THIS ARTICLE
Amarillo and Panhandle
FE. L. Hinton
Charley B. Sims
Roberts
Alvin T. Brinegar
Ralls
Hazen E. Nall
Sunray
William F. Sharp
Frank DeHart
Claude
Oil production breaks records nationwide in week ended June 15
Daily average crude oil output rose 48 240 barrels to 4 964 410 for the week ending June 15 fueling a second straight record. Gains occurred in Kansas California Rocky Mountain states and several regions while Texas and Oklahoma posted mixed results. Mississippi edged down from 64 350 to 63 450 as comparisons with June 8 data are noted.
MENTIONED IN THIS ARTICLE
Tulsa
The
Oil and Gas Journal
Kansas
California
Rocky Mountain
Colorado
Montana
Wyoming
Louisiana
Texas
Eastern
Oklahoma
Illinois
Arkanesas
New Mexico
Oil Well Lab For University
A University of Texas petroleum engineering lab uses a drilling well near Bastrop as an outdoor classroom. H. H. Power notes students observe casing, cementing, and other steps, with potential value if oil is found. both graduate and undergraduate students participate.
MENTIONED IN THIS ARTICLE
Austin
University of Texas Petroleum Engineering
H. H. Power
Department, States
Bastrop
Power
Louisiana Senate Prepares For Vote on Conservation
The Louisiana State Senate readies for another vote on natural gas conservation policy. A Senate resolution reaffirms current policy and urges continuation until the wellhead price of gas reaches at least 10 cents per thousand cubic feet. The price now stands near three cents.
MENTIONED IN THIS ARTICLE
Baton Rouge
Louisiana State Senate
Senate
Vienna Burgomaster warns UNRRA of Vienna food collapse
Vienna's Burgomaster Theodor Koerner sent an urgent telegram to UNRRA director Fiorello La Guardia warning that without immediate food aid Vienna's population will collapse. He urged swift action to avert famine and social unrest.
MENTIONED IN THIS ARTICLE
Vienna
Theodor Koerner
Fiorello LaGuardia
UNRRA
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Mercantile Exchange
NEW York Bonds
Associated Press
Arch Top & Santa Fe
Illinois Central
Penn R R
Texas Corpus
West Union
Arizona Bliss
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Prey Close Close
Am Smelt & Ref Ee
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Nash Kelvinator
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Y Shipbuilding
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Nor
Pac
Ohio Oil Tee
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Penney
Phelps-Dodge
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St Jo Lead
Ewes
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Western Union
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Woolworth
Humble Oil
el Bond & Sh
Lone Star Gas
Cornwlrth & Son
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United Corp
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Sears
Merweth Pasaenner & Beane Lynch
Pierce
Galveston
Askeses
Pat. Ofke Syndicate
Lar
MR Bradford
Alley Oop
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Seak
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Bascom N. Timmons
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Pol Adv
KGNC
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Road of Life
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NBC News
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the Listening Post
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ABC News
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30 News
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News of the World
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al Pearce
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Key Kyser
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Seon
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