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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 22, 1950
Page
11
New York June 21 the stock market rallied decisively to end a week of decline. Final prices topped the day with key issues advancing fractions to two points or more. Steel auto radio television and merchandising shares led gains as turnover reached about 1.8 million shares.
Markets at a Glance reports mix in New York trading with higher and lower bonds. Cotton remains firm as the trade and commission house notes steady wheat aided by corn. Grain shipments inch toward July 31 arrivals with steady to strong prices, whileCGTE Crete shows steady to 50 cents lower.
A 3 year old, Donna Marie Smith, from a farm near Paducah, was treated in Fort Worth for severe facial injuries after a household dog attacked her. Doctors performed plastic surgery to prevent permanent disfigurement. Separately, South Africa reports 275,207 natives in gold mines but requires more workers.
The report lists 80 Industrials at 222.53 with a small 0. Railroads show a value of ae 55 t 1. Stocks move 8.03 with sales at 759000 shares up 0.19 and 0.54, indicating mixed gains.
Wool tops and futures held steady in New York as dealers and brokers processed orders. Estimated wool tops sales reach 105000 pounds with futures showing minor gains and varied bid prices for December 143.5 to March 141.0, while certificated spot tops hover near 199.0.
Kansas market reports cattle with steady fed steers and steadier calves on light gains. Cows and bulls show modest declines while hogs and sheep move unevenly with higher spring lambs and firm slaughter cow prices in Chicago and Fort Worth bids.
Chicago June 21 U P Strengh in corn led a grain market rally aided by weather expert news and a government pig crop report predicting a 1950 pig crop 4 percent above last year. Oats fell hardest as new crop delivery fears hit July contracts. Wheat and soybeans rose or fell with nearby futures.
New York June 21 cotton futures held steady as trade and commission buying offset profit taking. Heavy central belt and Texas rains spurred demand on belief rains boost weevil risk. Front months July and October traded around 33.84 to 34.10 with late-session gains. spot Galveston listed steady to mixed across grades with middling near 29 to 31 cents.
Cotton futures advance led by speculative and short covering in New Orleans trading. Middling prices at 34.60 to 34.60 for middling and 34.60 for middling fair. spot prices show steady or firm tones with various bids and daily averages noted across New Orleans, Dallas, and Chicago markets.
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