Optimism Drives Major Pump-Primed Market Rally
New York stocks rose as optimism about government pump priming and improved business psychology spurred buying. Volume reached 1,457,030 shares with gains across leaders like Allied Chemical, Eastman Kodak, Coca Cola, Johns Manville, General Motors, Chrysler, and U S Steel.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Motors
Allied Chemical
Eastman Kodak
Coca Cola
Johns- Manville
U. S. Steel
Bethlehem
Chrysle
General Motors
International Harvester
Caterpular Tractor
Standard Oil of New Jersey
Anaconda Copper
Kennecott
DuPont
Santa Fe
Great Northern
U.S. Rubber
Live stock quotes across major markets June 21
Hogs ease 10-25 cents with top at 9.05 in Chicago and 8.85 locally. Cattle and calves mixed. steer and yearling prices steady to weak, top weighty steers near 11.10 bid. Sheep slow but spring lambs hold around high sevens to nine dollars, with regional variations across Fort Worth Oklahoma City Denver markets.
MENTIONED IN THIS ARTICLE
Kansas City
Texas
Chicago Livestock
Chicago
Fort Worth
Oklahoma City
Denver
Amarillo Markets Report Wheat Receipts and Prices
Receipts of 40 carloads of wheat at Amarillo markets from Texas common points. Wheat delivered to Amarillo points. Basis noted at $0.61 per unit.
MENTIONED IN THIS ARTICLE
Texas
Amarillo
New York Stock List From Exchange Desk
A compact stock listing section notes Prev. Close and Close figures as published by E. A. Pierce & Co from the Amarillo Building. The item presents brief price data typical of market summaries without additional commentary.
MENTIONED IN THIS ARTICLE
NEW York Stock Exchange
E. A. Pierce & Co
Amarillo Building
New York
Amarillo
Markets in Brief and Yangtze River Height Note
Markets in Brief from New York report gains for strong industrials and mixed commodity moves with cotton steady and sugar and coffee varied. Hogs fall 10 to 25 cents while cattle hold and wheat nearby receipts loom. The Yangtze River in China rises during flood season to near unbelievable heights with a 90 to 100 foot annual level difference between Shanghai and Chungking.
MENTIONED IN THIS ARTICLE
New York
Chicago
Yangtese
China
Shanghai
Chungking
Chicago Wheat Values Dip Amid Higher Arrivals and Losses
Chicago wheat futures slipped about two cents as arrivals from the new winter crop rose and domestic harvests accelerate. The market noted a likely end to the U S visible supply decline with a projected uptick next week. Prices for July and September contracts eased, while corn oats and rye showed varied moves across futures and cash markets.
MENTIONED IN THIS ARTICLE
Chicago
United States
Poultry and eggs prices in Chicago market report
Chicago June 21 live poultry 44 trucks. Hens over five pounds 17c. Leghorn hens 15c Plymouth Rock broilers and fryers 17c. Plymouth Rock and White Rock springs 18c. Creamery specials 76-2614c. Extras firsts and seconds assorted. Eggs 194c firsts, steady. Current receipts 19 to 5c.
MENTIONED IN THIS ARTICLE
Chicago
Plymouth Rock
Plymouth
White Rock Springs
Camps Open for Two Million Soviet Schoolchildren This Summer
The Soviet Union has set up summer camps with facilities for two million school age children. Officials say the camps will provide recreational and educational programs across the country during the coming season.
Bankruptcy discharge petition for Otho Smith Cutbirth in Texas
Otho Smith Cutbirth of Clarendon Donley County Texas filed for discharge in bankruptcy on May 10 1938 and was adjudged bankrupt the same day. O W Harrison Amarillo Texas named trustee. Hearing set for July 21 1938 at 9 30 AM in Amarillo with notice to creditors in Amarillo Daily News.
MENTIONED IN THIS ARTICLE
United States
Texas
Amarillo
Otho Smith Cutbirth
Clarendon
Donley
Acts of Congress
O. W. Harrison
A. D
Otho Smith
Cotton Reacts After Sharp Early Rally in New Orleans
In New Orleans on June 21 prices climbed early on strong overseas demand and rains in the belt, then eased but closed steady with July at 8.66 and December at 8.76. Middling spot moved to 8.70 while Galveston spot ranged around 8.53 to 9.23 with no sales in Gulf markets.
MENTIONED IN THIS ARTICLE
New Orleans
E. A. Pierce & Co
Amarillo
Galveston
Jaycees View Bob Clark's Magic Show at Luncheon
The Junior Chamber of Commerce holds a noon luncheon today at the Blackstone Cafe, Blackstone Hotel, featuring Bob Clark's magic. The annual stag party is set for Friday at 8 PM at Hillcrest Country Club.
MENTIONED IN THIS ARTICLE
Bob Clark
Junior Chamber of Commerce
Blackstone
Blackstone Hotel
Hillcrest Country Club
Commerce Dept Sees U.S. Income Surging This Year
The commerce department, aiding President Roosevelt, estimates national income will exceed 60 billion dollars, predicting this year will be at least one third more prosperous than the depressed 1933.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Roosevelt
Babson Sees Upturn in Business and Employment
Babson, Boston economist, told the general council of Congregational and Christian Churches in Beloit that business is on the upswing and he expects better employment and sales each month for the rest of the year.
MENTIONED IN THIS ARTICLE
Beloit
Wis
Roger Babson
Boston
General Council of Congregational and Christian Churches
Oil Firms Focus on Childress Hall Motley Floyd and Dickens
oil crews from Phillips Petroleum Humble and Amarada operate in Childress Hall Motley Floyd and Dickens counties. Seismograph crews mark fields while Aggers No 1 Schleuter and McMillian No 1 Farr progress. D&P and W&WN surveys report activity near Kirkland Turley and surrounding area as majors commit to thorough exploration.
MENTIONED IN THIS ARTICLE
Childress
Hall
Motley
Floyd
Dickens
Phillips Petroleum
Humble
Paducah
Amarada
Matador
Amarillo
Childress Highway
Aggers Et al No
Schleuter
W&wn Survey
Kirkland
Childress County
W&wn
Same
McMillian
Farr
Hall County
Turkey
D&p Survey
D&p
Eudy
Amarillo Firms Lead Low Bids on U S Highway Projects
Two Amarillo contractors Cocke and Braden were the low bidders for 86 miles of hard surfacing on U S Highway 69 in Rains County with a bid of 97 447. The awards cover 28 highway projects totaling 2 324 945 bids opened by the highway commission in Austin. Bell and Braden of Amarillo also bid low on six miles of base work on Highway 207 in Crosby County at 31 878.
MENTIONED IN THIS ARTICLE
Cocke and
Braden
Amarillo
Rains County
Austin
Associated Press
Highway Commission
Bell
Highway 207
Crosby County
Conoco NLRB Hearing Ends in Ponca City
The eight day NLRB hearing into unfair labor practices by Continental Oil Company concluded with conflicting company and board testimony and reservations by Trial Examiner E R Strempel on motions to dismiss. The Ponca City local of the CIO affiliated International Oil Workers Union brought the matter before the board claiming company domination of a company union and discharge of an employee for outside union activities.
MENTIONED IN THIS ARTICLE
Conoco
NLRB
Ponca City
Okla
Continental Oil Company
E. R. Strempel
International Oil Workers Union
CIO
Sooner Oil Case Challenges Oklahoma Law Before Supreme Court
The 1985 Oklahoma conservation statute limits drilling to one well per unit and shares production among co-owners when multiple tracts exist. Russell B. Patterson, owner of royalty in six and one fourth acres of a ten acre unit, argues the law is unconstitutional by forcing him to share with others. The Oklahoma Supreme Court upheld the statute. Patterson notes the state’s early adoption and that the U.S. Supreme Court has not ruled on its validity.
MENTIONED IN THIS ARTICLE
Wasuinton
Oklahoma
Supreme Court
Russell B. Patterson
Norris Wellston
Lincoln County
Oklahoma Supreme Court
Patterson
United States Supreme Court
Texas Company Official Dies After Fall at Home
E M Crone, 46, secretary of the Texas Company, died in New Rochelle after a fall near his home and a cerebral hemorrhage. Crone rose from a minor job to secretary over 10 years, joined the firm 23 years ago, and was born in New Canaan Connecticut. He is survived by his widow, mother, sister and brother.
MENTIONED IN THIS ARTICLE
New Rochelle
N. Y
E. M. Crone
The
Texas Company
Crone
New Canaan
Pipe Line Hearing Delayed to July Fifth
A hearing to revoke Mercury Pipe Line Corporation operation permit, set to review Kilgore area conservation violations, was postponed to July 5. Budapest is home to 65 percent of Hungary's registered cars.
MENTIONED IN THIS ARTICLE
Austin
U.P
Railroad Commission
Mercury Pipe Line Corporation
Kilgore
Deepest Well To Be Killed In Louisiana
Experts from Southwest oil fields arrived in Dulac Louisiana to temporarily kill the world’s deepest well drilled by Fohs Oil Company of Houston. Halliburton of Oklahoma will push down pressure with 13 pound mud install a new choke valve after a 4900 pound casing pressure blew out the old valve. The well reached 13266 feet west of Dulac early Sunday at a cost of 375000 dollars. Distillate escaped freezing the separator. two days are expected to install the choke and control tubing pressure. The Buckley Bourg tract centered interest as high octane distillate, about eighty percent gasoline, drew industry attention.
MENTIONED IN THIS ARTICLE
Dulac
Southwest
Fohs Oil Company
Houston
Halliburton Company of
Oklahoma
Here
Buckley- Bourg
KMA Lease Bids Sought Delayed For Lease Specs
A bid date for oil leases within five miles of the Big Wichita River in the KMA field was postponed until the time needed to prepare specifications is known. The state mineral board ordered advertising of the area for leasing at the earliest possible day.
MENTIONED IN THIS ARTICLE
Austin
U.P
Big
Wichita River
K-M-A
State Mineral Board
Shell Declares Midyear Dividend on Common Shares
Shell Union Oil Corp directors today voted a midyear dividend of 35 cents per common share payable July 15 to stock of record June 1. Last year the company paid interim dividends of 50 cents on July 15 and Dec. 20.
MENTIONED IN THIS ARTICLE
New York
Shell Union Oil Corp
Why You’re Constipated And How All Bran Helps
A reader is advised that low bulk in diet causes constipation. The article promotes Kellogg's All-Bran as a solution, noting its fiber content and added vitamin B and iron. It recommends daily consumption with water and emphasizes grocer availability.
MENTIONED IN THIS ARTICLE
Kellogg's
Daily Oil Yield Up for Week
U P reports U S oil production for the week of June 18 at 3,138,105 barrels daily, up 2,681 from the prior week. Texas averages 1,189,636 barrels, Oklahoma 446,050, Kansas 159,550, Louisiana 262,675, Arkansas 42,955, California 679,500, New Mexico 90,880, Rocky Mountain 70,640, eastern fields 141,000, Michigan 55,219.
MENTIONED IN THIS ARTICLE
Texas
Oklahoma
Kansas
Louisiana
Arkansas
California
New Mexico
Rocky Mountain
Michigan
CIO Probe Into Baytown Oil Field Beatings
The Houston Chronicle reports a grand jury is investigating alleged beatings in Baytown oil fields tied to CIO affiliated workers attempting to organize. The paper says CIO organizer tactics are under scrutiny.
MENTIONED IN THIS ARTICLE
Houston
The
Houston Chronicle
Baytown Area
CIO
Grand Jury
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Amarillo Markets
Allied Chemical & Dy
Allis Chalmers Emeree Eaeh Allied Stores
Seates Een Ete Thy Asit
American
Atlantic Refining Lenene
Paldwin
wee +e
Baltimore & Ohio Sky
Arnsdall di
Bendix Aviation
Bethlehem Steel
Porden & A
Borg-Warner
Briggs Mfg Co
Budd Mfg
Burroughs
Calumet & Arc Case JI & C
Chicago Pamunine. Tool
Chrysler Seereeee
Cloumbia Gas & Electric
Commercial Credit Soreeeee
Hudson Motors
Industrial Rayon
International Harvester Wee Sh
Int'l
Og Johns Manville
Eine Kennecott Copper
A Longbell Lumber
A” Eee
Marshall-Field
Martin Glen
Montgomery-Ward
Nash-Kelvinator
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North American Aviation
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Ohio Oil
Packard Motors
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Anaconda
U S Rubber
Tel & Tel
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Gen Motors
Repab Steel
Central Chrysler
Beth Steel Staet
Wg Gen Electric
de Mont Ward
North Amer
I& Can D G Ale
Sandes
Pennsylvania RR
Petroleum Corp
Cesegeeees
Phillips Petroleum Yttsburgh Screw & Nee
Pullman Company
Can Radio Cor
Keith Orpheum
Remington Rand
Rs Eee
Republic Steel Sae
Reynolds Tobacco B
Eaee
Suwhenley Distillers Seer
St Joseppea Eaee
Seaboard Oil
Aesey Seeeeee
Fears Roebuck Pe Eeneene
Snc
Stweteee Seer Eeee
Simmons Coneebeee
Skeley Oliemers Bees Ceeee
Secony Vacuum Aes
Southern Pacific RR
Tees
Southern Railway
Tae
Im Standard Brands
Seer Tech
Califoe
Stewart-Warner
Stone & Webster
Studebaker
Texas Car
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Texas Gulf
Lexasacific Coal & Oil Oly
Texas Parific Land Trust
Thompson Products
Tide Water Associated
Transamerica Carpene
Transcon & West Air Mt
U— Union Carbide Baameteasne
United Aircraft Toner
United Air Lines Pte Eees
VW United Corporation
United Gas Improvement
US Steel
Nilson & Eeueee
Woolworth
Colse
Maracaibo
Arkansas Natural Gas
Ely Cities Service
Cosden Pet Corp Settee Ebes
Eagle-Picher Lead Sens Ae
Fisk Rubber
Gulf Oil Corp
Ceeeeen
Niagara Hudson Power
Eames South
Sunray
United Ges Corp
U Bonds
Sane
DOW Jones
Ole Barney
Maur Disney
MR. Tuffs
McNaught SynDicate
Bela Lanaa—Courit
L. Allen Hein
Satan
Danny
Mike
Lawsy
Atlantic
Pacific Ocean
Jaycees
Babson
Sooner Oil
Hungary
Capital
Budapest
KMA Lease
Shell
Tulsa
Oil and Gas Journal
Baytown
the Gaylord
Los Angeles
Gaylord
Smart Wilshire
Ambassador Gardens
Southern California
Wilshire Blvd
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