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Amarillo Daily News in Amarillo, Texas

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Newspaper

Amarillo Daily News

Location

Amarillo, Texas, United States of America

Date

Jun 20, 1935

Page

8

Grain prices slump as crop prospects improve

Persistent selling pushed Chicago grain prices lower on June 19 amid uncertainty over Canada’s wheat program and hints of crop improvement. Wheat and oats led declines while reports of clearer U S weather spurred selling. hog tax tests pressured provisions as traders watched Winnipeg and Liverpool markets. Cash grain bids were mixed across Chicago and Fort Worth with limited buying interest.

John P. Boughan Chicago Winnipeg Liverpool Atlantic United States

Kansas City Grain Prices Report June 19

Wheat trends mixed with declines and seven futures contracts shown for July September and December. Corn and oats drift higher while rye and barley list varied quotes. Soybeans and respond keys appear mixed with price levels noted for No 2 white and yellow corn futures.

Chicago Kansas City

Chicago Produce Prices Market Report

June 19 report shows receipts across categories with fresh graded firsts at 2,250 and 21 2 percent current receipts. poultry steady with hens 17-18 cents and broilers 17-44 cents. butter market weak with receipts 18,951. cheese and Longhorns listed with varying prices. overall market activity in Chicago.

Chicago

Fort Worth Produce Prices Report

Fort Worth June 19 market notes show poultry prices for spring chicking and hens, turkeys and turkey hens with prices listed. Fees and candied items referenced along with butter and creamery butter at 19 percent in a brief agricultural listing.

Fort Worth

Boston Wool Market Shows Moderate Volume Amid steady Demand

In the Boston wool market for the week, sales were moderate but activity remained, with Boston houses handling new wools from producing regions. Medium fleeces showed fair demand and strength in prices, Texas wools saw good activity to buyers with secured deliveries at 60 85 cents for eight months and 70 78 cents for twelve months.

Boston Epct Texac

New York Coffee Futures End Steady After Profit Taking

Trading shows early gains fading as profit taking and hedging offset actual coffee movement. Santos opened 3 to 7 higher, closed 2 to lower with 24 000 sales. JulyTah Sept 7.81, Dec 7.40, May 7.68, No 7. July 44. Sent 08 Dec 16, March 822, May 25.

NEW York Copper New York Santos eloMed Santos Bourhen

Metals Market Notes From New York

Copper and tin held firm with copper futures around 3.08 and 7.40675 export value. tin steady near 51.18 with futures M40. Iron remained unchanged and lead steady at about 4.00 spot New York. Prices for East St. Louis and St. Louis futures mixed amid sparse trading, while antimany and other metals showed little change.

New York East St. Lewis St. Louie

Market notes on grain and poultry with pricing

Jagged listing shows Amarillo markets with basis, totes, receipts, and wheat car counts. Prices for No 1 grain, Milo, and various poultry items like Leghorn hens, colored hens, and turkeys are noted with partial figures and vendor mentions.

Leghorn Tepone & Cabone

Limited Receipts of Killing Cattle Tonic for Prices

Kansas City reports cattle receipts at 11 markets total about 24,660, down from last week and year ago, with a steadier to stronger tone for slaughter steers and yearlings. Hogs decline with 29,000 receipts. lambs and sheep show slight gains in some areas, while cattle and vealers stay broadly firm to higher in price. Chicago top hogs at 9.70, mixed regional prices noted for steers, cows, and yearlings.

Mid-Western Livestock Review Kansas City S. Dept. of Agriculture Chicaga Oklahoma Chicago Chicare Idaho Range St. Joseph Texas

Kansas City Market Summary Report

Hog and cattle prices firm with mixed demand as hogs move at 89.20 for choice 200 head and cattle values show steady to higher on vealers and fed steers. Sheep and lambs rise with spring lambs near 38.00 and other lambs around 7.85 to 8.00. heifers and cows show varied gains across grades.

Kansas City Wales

Live Stock Market Summary for Fort Worth Area

Fort Worth area markets report June 19 with hogs and cattle pricing. Hogs mostly steady with varied weights 89.20 to 185 280. packing sows steady to lower. Cattle and calves at 3,000 head with fat cattle and yearlings bidding lower. fat cows and bulls down. sheep and lambs steady with feeder lambs and yearlings noted.

Fort Worth S. Dept Acarce Oklahoma City Wichita Livestock Wichita Kas Dept. Agr

Livestock Prices Across Major Markets June Reported

Los Angeles and Oklahoma City bids show cattle and hogs trading unevenly with steady calves and variable sheep demand. Wichita and St Louis markets report softer hogs while Denver and Amarillo note weak beef and mixed stocker activity in mid June trading as packers move volumes.

Utility group shows steady strength in mid June market

In New York on June 19 associated press reports utility stocks led gains while overall market softened. Utilities rose despite price declines in wheat and corn and mixed moves in other sectors. notable gains occurred for Public Service of New Jersey and American Water Works amid broader activity.

Frank Macmillen Associated Press New York Stock Exchange Pennyslvania New York Central Burlington Norfolk & Western Dme Engineering News-Record Printer’n Ink Public Service of New Jersey Consolidated Gas American Water Works North American United Gas Improvement

Markets in Brief round of trading in New York and Chicago

Markets in brief report from New York and Chicago notes uneven activity across stocks and bonds with utilities rebounding late selling, mixed curb on mining shares, and easy francs in foreign exchange. Cotton and sugar show buying, coffee near steady on liquidation pressure, wheat weak with rising selling, corn following, and cattle steady to 28 months with top steers around 12.25 while hogs fall 10 to 20 cents.

New York Wall Street Chicago

New York Cotton Closes Steady on Short Trade Range

New York cotton showed an irregular day with a mid day advance on Southwest crop worries, then a decline amid wheat weakness and better southern weather. Prices moved 10 to 18 points, closing 1 to 2 points higher. active months dipped 4 to 6 points but rebounded later. Port receipts stood at 4,495 and U S port stocks at 1,452,855.

New York U. S

Stocks In The Spotlight On Active Trading

New York June 19 7p detailed closing figures show the fifteen most active issues with price changes. Names include North American Coal Pure Oil Union Gas Interstate Power Chrysler Mars Anaconda Copper South Pacific Ry Rapid & S Paramount Public Service Co General Motors Columbus Server NY Central and others with varied gains losses and no-change readings.

New York Nywnh &H Ry Nor & Western Finncen Ohio Otis Elevator Penick & Ford Penney Pullman Corp RRA Radio Corp Speatene Keith Orph Reading Corps Remington Rand Steel Republic SA OA Rey Tobacco BR Romy Royal Dutch Shell Bwideater Safeway L & San F Ry Seaboard Scree Wwatant, Ag Sears Roebuck Shell Union Oi Simms Pet Skelly Oil Socony Vacuum South Cal Edison South Pacific Gas & Elec Stone & Webb Studebaker Texas Union Carbide Biny AO NEW Orlens New Orleans Cotton Union Oi Cal Union Pacific Ry Uni Gas & Imp Vanadium Steel Warner Pictures Wesson Aly Western Union Korg Air Salveston Aeeres Elec & Mfg Mobile Westworth Corp Savannah Allee Corp Wright Aero Klee Am Steel Co Eeteere al Interior “Movement Am Sugar Humble Oil 1 Midge Reds Am Tel & Tel Midwest Nin & Hod Power Memphis St Rewia Augusta Vee G Py St. Louis Aly Little Rock Fort Worth Armour of Montgomery At&sfry Atlanta Pal Aviation Corp Associated Press Baldwin Loco Oe Ik HAO Ryeens Rails Rails Indus Util Fran Barnedall Oi Dk al Uncheae RA Bendix Aviation Adi Reth Steel Ve Hohn Aluminum Horden Corp Cerro de Paseo Chea Corp Colo & Souther Abs Indus Rails Gina Seer Seavee RB Ly Sry Ag A Motors High Tees Caty Invey Curtiss Wright Co Dupont de Nemours Krastman Kodak Fox Freeport Fren Foods Then Motors Orr March & Pas Goodrich Tire I'S Rt West Sugar Howe Sound Hupp Motors Central Harvester Italien Jananese Deland Tahies Manvesite Tel & Tel Kelvinator Corp Ao Atch Ton & Santa Fe Kennett Iis Ralt & Ohio Kresge Can Pacific Ford Ches Lig & Myers Mn & Chin Jyear Burlington & Q Lou & Nashville Rent Western Rock Island Low Gas Great Northern Ari Ae Mathieeoan Tel & Televar Keesport Tin Miami Copper Southern Bs Mid-Con Midland Steel Weaee Bite Mt Ay i Pacific Cen MK & T Ry Nat Dairy Montgomery Ward Y Central Rf Murray Uthern Nat Thrat Southwest Bellina North Am Cop Con Gas U Uni Corp Chrysler Mars Ss. South Pacific Ry M Rad & S Paramount Dtf Public Service NJ Gen Motors Columbas Server Corp E. NY Central

New Orleans Cotton Ends Flat With Modest Gains

New Orleans July cotton rose 4 points to 11.48 while December gained 1 point to 11.97 and January climbed to 11.25 as trading remained subdued. A weekly weather report showed mixed conditions across districts with insects hindering growth in some areas and favorable conditions in others.

New Orleans Dorr Cotton Textile Institute

Liverpool Cotton Prices and Futures Close Quiet

Cotton trading in Liverpool at 2,000 bales with 700 American. spot business moderate and prices unchanged. Quoted levels include American strict good middling 7.29 and strict low middling 6.69. Futures closed quiet with July 6.21 and later months from 6.01 to 5.92.

Liverpool Galveston Tex F. O

Cotton market reports from New Orleans and Galveston

New Orleans spot cotton closed two points lower with sales 276 and various grade prices listed. Galveston spot closed steady with multiple grade quotations. Cottonseed oil in New York declined amid grain and lard weakness. Fort Worth reports cottonseed feed prices for Texas mills with several per ton quotations.

New Orleans Fort Worth U.P Western Feeders Supply Company Texas Mills

Treasury Position Report June 17 192? Balance and Receipts

The treasury on June 17 shows receipts 71 209 917.51 dollars and expenditures 147 145 920.986 dollars. Customs receipts for the month amount to 16 832 434.49 dollars. Fiscal year receipts since July amount to 3 829 760 203.55 dollars with expenditures at 3 7 00 B . a net excess of 5 370 808.47 dollars and gold reserves around 9 979 964 101 38.

Treasury Washington

Sugar Prices Edge Down on Light New Business in New York

New York sugar markets showed a firm tone early but new business remained light as 7,000 bags of cubed sugar moved from storage at 3.28 and 3.35 asks persisted. Futures closed firmer with slight gains while No. 2 contract moved 19.65 tons and No. 1 saw only one 30 ton lot change hands.

NEW York Sugar New York Rales

Dry Goods Market Report From New York Trade Center

In New York on June 79 wet goods were steady with quiet activity. Worsted dress goods showed moderate demand for fall cutting while raw silk weaving remained unchanged. Raven fabrics and ateust helvore references appear in market notes as firmer and steadier.

New York Beter Cell Raven Ateust Helvore

Wildcat oil operator W H Roeser dies suddenly at home

W H Roeser of Fort Worth, 60, died of a heart attack two hours after news that his discovery well in Anderson County had produced oil. He had pursued oil in Texas since 1901 and leaves a wife Ethel a son and a daughter and brother Charlie Roeser. Funeral plans await eastern relatives.

Fort Worth W. H. Roeser Roeser Anderson County Roester Texas Charlies Roeser Ethel Roeser

Oil Increases In Furneaux Well South Of Ridge

An oil pool south of the granite ridge grows stronger as the No 1 Furneaux of Bell Company in section 110 block B-2 H&GN survey yields a top wash pay of 4060 and daily output climbs from 50 barrels to 150–175. The well, seven miles south of the Bowers pool, shows strong prospects for further development south of the ridge.

Granite Ridge Furneaux Bell Company H&gn Bowers Pool

New Title Suits in East Texas Field

The Texas Supreme Court took up titles to oil land in Gregg County where Gulf Production Company won 1.81 acres with a producing well. It sent back questions on compensation for drilling expenses and damages for oil already produced to the district court. The court will also rule on two boundary disputes in Pecos County Yates field.

Austin U.P State Supreme Court Gulf Production Company Gregg County Angus Spear Gulf Company District Court Yates Pecos County H. B. Davenport Federal Royalty Company Travis County Fort Worth Motor Division State Railroad Commission

Khiva Shrine Dance Friday Night

Khiva Shrine plans a Friday dance on June 21 starting at 9 p.m. Many out of town members are expected. Admission is $1 per couple under current cards.

Khiva Shrine

Lads of Sir Galahad Return From Palo Duro Camp

Rev. Frederick A. Foster and the Lads of Sir Galahad from St. Andrew's Church return from a camping trip at Palo Duro State Park. All members enjoyed the outing with the group including Clifton Henderson Elton Simmons Meredith Bloom Frank Bonner A V Bryan Harry McAlister Norman Isaacs J C Isaacs Sonny McGinley Edgar DeLaho Jack Vaughn Jack Bain Bobby Russell Charles Burgess Hugh Cunningham J F E Diffee David Hamrick John Boyer Billy Keys and Lester Aldrich.

Frederick A. Foster Sir Galahad St. Andrew's Church Palo Duro State Park Foster Rev. Foster Clifton Henderson Elton Simmons Meredith Bloom Frank Bonner A. V. Bryan Harry McAlister Norman Isaacs J. C. Isaacs Sonny McGinley Edgar DeLaho Jack Vaughn Jack Bain

Texas oil fight expands with McCraw move on 650000 barrels

In Austin Attorney General William McCraw filed in 126th district court seeking confiscation and sale of 650000 barrels of oil and products linked to R. J. McMurrey and others. The action follows four federal suits challenging the state seizure statute and aims to tap value as disputes continue.

Austin Texas William McCraw 126Th District Court R. J. McMurreyv McCraw McMurrey Asst W. J Dick) Holt

Foreign exchange rates move in New York on June 19

On June 19 in New York the foreign exchange market shows irregularities with interbank rates for Great Britain at around 4.93 dollars, France at about 6.66, Italy near 8.24, and several European and international currencies quoted in both demand and cable forms. Bilateral rates also list Belgium Germany Holland Norway Sweden Denmark Finland and other currencies with nominal or cable values across 60 day bills and cash equivalents.

Foreign Exchange New York Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Finland Switzerland Spain Portugal Greece Poland Czechoslovakia Jugoslavia Austria Hungary Rumania Argentine Brazil Tokyo Shanghai Hongkong Mexico City Montreal

New York Money Market Report Summary

Call money steady at 4 percent for day loans. Time loans for 69 to 90 days offered at 4 percent. 4 to 6 month period loans offered with prime commercial power at 4 to 4.5 percent. Bankers acceptances unchanged. Rediscount rate at New York Reserve Bank 1 percent.

NEW York Money New York N. Y. Reserve Bank

Writs of error granted in Yates boundaries cases

The Texas Supreme Court granted writs of error in two boundary dispute suits tied to the Yates oil field. Davenport et al versus the state and federal royalty company et al versus the state had been appealed from Travis County. The cases involve zigzag boundary lines and contested dependent survey placements.

Austin Supreme Court Yates Whiteside HB. Davenport Federal Royalty Company Et al Travis County

No. 1 Ware & Wilson Produces 10 Barrels an Hour

No 1 Ware and Wilson of Roeser Pendleton Inc finally brought in 10 barrels an hour through a one half inch choke. The weir adds a sizeable extension to the Cayuga field to the west.

Cayuga U.P Ware & Wilson Roeser & Pendleton, Inc Cayuga Field

Oil well test results in Armstrong survey reach Austin chalk depths

Rusk Texas June 19 Scott and Turpins Whiteman Decker No 1 in the Armstrong survey cored the Austin chalk at 5 265 69 feet. In the same area the Wood Young No 4 was reported to have topped the Austin at 4 940 feet.

Crane County U.P Cranfill Brothers & American Liberty Rusk Scott and Turpin Austin

Continental Oil reports 17000 bbls daily potential at Edmond well

From Ponca City sources Continental Oil Company announces Young No 2 six miles west of Edmond Okla shows potential production of 17000 barrels daily after an hour test of 735 barrels. The well reaches 6718 feet with 6328 feet to bottom as pipeline from Oklahoma City to the Edmond pool connects to Ponca City refinery.

Edmond Okla Fort Worth Continental Oil Company Ponca City Edemond Payland Continental Edmond Pool Oklahoma City Edmund

College Library Sought by Canyon College

Special to The News Canyon June 19 A two thousand dollar library building will be asked by the West Texas State Teachers College of the Public Works Administration. Dr J A Hill president left for Fort Worth to file formal application for the building and to arrange bids for other PWA projects including Cousins Hall addition a home economics practice house ten student cottages and completion of the boys dormitory for fall semester.

Cousins PWA

June 19 A.R-C. W Pip dies from Sunday night crash injuries

W Pip was injured in a late Sunday automobile collision near Brady and succumbed to his injuries in a local hospital today. The deceased is identified as A.R-C. Pip, whose full name and details appear in regional records.

Brady A.r—C. W Pippens Here

210 New Wells for East Texas First Half June

Kilgore Texas report shows 210 wells completed in the East Texas field in the first half of June. Total wells rose from 17,429 on June 1 to 17,630 on June 15, raising daily allowable production from 460,895 to 466,222 barrels and hourly potential from 13,247,495 to 13,398,105 barrels. Fifty-six new wells deemed marginal bring the total marginal wells to 2,904.

Kilgore O.R East Texas Engineering Department East Texas Division Railroad Commission

Thompson to Seek Re election as Texas Railroad Chief

Col F O Thompson chairman of the Texas Railroad Commission said he will seek re election in 1934. He noted talk of a gubernatorial run if Gov Allred shifts to the Senate and said he plans no other moves. He added the Texas oil situation is in good shape but investigators are probing reports of large quantities of hot oil being shipped into Dallas.

Dallas F. O. Thompson Texas Railroad Commission Thompson James V. Allred United States Texas

Magnolia Petroleum and Pipe Line Offices to be Abolished

Dallas June 19 The office of vice president and general manager of the Magnolia Petroleum Company and Magnolia Pipe Line Company will be eliminated. The president will assume those duties, D A Little president of the two concerns said today. The office was left vacant by the death of Ralph Kinslee on June 8 S B Sinclair named assistant to President Little.

Dallas U.P Tide Water Oil Company Simms Oil Company Edward T. Moore Simms Company Simms Tide Water Moore Magnolia Petroleum Company Magnolia Pipe Line Company D. A. Little Ralph Kinslee Sinclair Little

Young Democrats Bank on Night Dance at The Nat Tonight

Potter County Young Democrats host an informal 9 pm dance at The Nat with reduced admission for members. Tom Seay, president, says entry is by membership card and all Young Democrats and friends are invited. The entry policy emphasizes club affiliation.

Potter County

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Texas Gulf Ports Uly Amarillo Markets Teans Nen Cram Chicago Livestock Ty Moutly Quirty Plain Ataumrhtoy Ewee Kansas City Livestock Los Angeles Jocala Arizona Short Island ST. Loues U.S Omaha Livestock Omaha Denver Livestock Denver Onty Heifeam Prater Boll Stark Amarilla Toy Ruth Pudaby Packing Company America Gan & Electric American Superpower Pittsburgh NEW York Stock List Union Pacific Westinghouse FT. Worth Anderson East Texas Field Texas Oil Tidewater Hidalgo County Edinburg Union Sulphur Company American Rio Grande Land & Irrigation Company College Canyon Col. Thompson Official Family Magnolia CO Uveki-stan Institute of Language and Literature Russia E. S. Burgess Fifth Russell Middleton Certified Public Accountant Mis Oliver Eakle Tri-Way Garage Pierce ST Amarillo Poultry & Egg Co Ind and Garrison Phone
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