Motors Open Mixed Trade as Stocks Close Slightly Higher
New York June 21 The stock market weathered irregular trading to finish up modestly led by motors and steels with gains in aircraft and electrical equipment. Studebaker and Packard showed activity on merger talks. Dow Jones components posted small advances while rails and utilities showed mixed moves. Higher items included U S Steel General Motors Douglas Aircraft and United Electric while Admiral Radio American Tobacco and Lorillard lagged.
MENTIONED IN THIS ARTICLE
New York
Motors
J & Myers
Lorillard
Philip Lower
Ively
Studebaker
Packard
Sidebaker
Packard Iied
Bacco
Associated Press
Vance
Gene
Electric & Musical Industries
General Electric
Wat
Baltimore & Ohio
US Saal
U.S. Steel
General Motors
Douglas Aircraft
Schensey Industries
Union Carbide
Westinghouse Electric
Atlantic Coast Line
Eastern Air Lines
Texas Pacific Railway
Bullard
Admiral Corp
Radio Corp
American Telephone
Homestake Mining
American Cyanamid
American Tobacco
Liggett & Myers
Phillip Morris
New York Central
Southern
Standard Oil
United Air
Leiber Rubber &Tex Pac
LdTr
Servel Inc
Tidwater Oil
Amarillo
Merrill Lynch, Pierce
Shamrock Oil
Tri Cont
Fenner and Beane
Sharon Stee
Timken Roller
Admiral
Glidden Comp
Shell Oil Co
Transam Corp
Goodall-Sant
Simmons Co
Trns
World Air
Allegheny Cbp
Allis Chalmers
Grumman Aire
Sop-Rice Gold
Union Pacific
Amer Airlines
Gulf Oil Corp
Monrnanner Weronroonmorere
American Can
Halliburton
Taneee Ceruadere
Terete Gresw
Iam Mid
Homestake Mi
Houston Oilor
Amer Home
Howe Sound Co
Tyday
Locosi 1
Tl Central
Flee & Musczee
Amer Nat Ges
Inspir Copper
G . Am Rad
Internatl Iron
Internat
Rait & Ohio
Am Steel
Nick
Gen Motors
Am Tel&Telg
Martin G. L. Amer Tobacco
Internatl
Greyhound
T&l
Johns Manville
United Aircraft
Jones & Laugh
Southern Pac
United Airline
Joy Miz
Southern Ry
United Carbon
Armco Steel
Kennecott Cop
Sparks-within
United Corp
Armour & Co
Kern Co Land
Sperry Corp
United Gas Co
Ashland Oil
Laclede Gas
Spiegel Incorp
UN Merchants
Assoc D
Lehigh Portid
Square D
UN Paramount
Arch Top&sf
Lerner
Stand Brands
US Pine&Fdry
Avco Miz
Libby McNeill
Stand Oil Cal
US Rubber Co
Baldwin Loco
Lion Oil Co
Stand Oil
US Smelt
Balt & Ohio
Lone Star Gas
Rocker S
US Steel Corp
Bendix Aviata
Lockheed Aire
Sterling Drug
Walworth Comp
Best Foods
Loew's Inc
Stewart Warner
Warner Bros
Bethlehm Steel
Tone Strem
Stone & Webstr
Warren Pet
Blaw Knox
Long Bell Lor
Crudebaker Co
Wesson Oil
EW Bliss Co
Canada Dry
Murray Corp
Canadian Pac
Nash Kelviner
Carrier Corp
Nat'l Acme
Nat'l Auto
Central & SW
Nat Cylinder
Certainteed Pr
Nat’l Dairy Pro
Ches & Ohio
Nat'l Dept
Chicago Corp
Nat'l Distillers
Chic RI & Pac
Nat'l Gypsum
Chrysler Corp
Nat'l Steel Crp
Cities Service
Nat'l Supply Co
Climax Molybd
Nia M Pow
Colden Pet
New York Cent
Colo Fuel&Iron
North Am Avia
Columbia Gas
North Nat Gas
Columb Carb
North Pac FF
Commer Credit
Ohio Edison
Com Solvents
Onio Oil Co
Comwi Edison
Pac Gas&El
Consol Edison
Packard Mtr
Penn RR Co
Curtis Publish
Dr. Pepper Co
Curtis Wright
Pepsi-Cola Co
Chance Vaught
Phelps Dodge
Decca Records
Philco Corp
Deere & Comp
Philip Morris
Distillers Corp
Phillip Pet
Dome Mines
Plymouth Oil
Doug Aircraft
Poor & Co
Dow Chemical
Proct & Gamb
DuPont de N
Pullman Incorp
Eagle-Picher
Pure Oil Co
Eastman Kodk
Eastern Airlin
RK Pictures
RK Theaters
Paso N Gas
Reming Rand
Erie Railroad
Reo Motors
Fair E& A
Republic Avia
Federated Sts
Republic Steel
Flintkote Co
Revere C&r
Freeport Sulp
Rexall Drug
G's Fruehauf Co
Reynolds Tob
Gair Company
Richfield Oil
General Elec
Safeway Stores
General Foods
St. Joseph Ld
General Mtr
Susi Rail
Gen Pub Util
St. Regis Paper
General Tire
Schenley Indus
Gillette Safety
Seaboard Oil
Gimble Bros
Sears Roebuck
Oil News Two 13,000 Foot Wildcat Drills in Lea County
In northeast Lea County New Mexico Texas Pacific Coal and Oil and Union Oil plan a 13,000 foot Devonian wildcat at No 1 Cross Roads Unit located 1,980 feet from south and west lines of section 10 10s 26e, 22 miles south of a Mississippian discovery in the Cross Roads field. Cactus Drilling plans 4,200 foot wildcat at No 1 Shell State in southeast Lea County, site tied to a previously abandoned Grover Conrad No 1 Shell State. Details come as INGAA prepares for its 1954 annual meeting in New Orleans September 13–14 with sessions on taxes rates insurance and natural gas acts and remarks by industry leaders. Other Lea County wells include Sunray Oil No 1-B State a 3,200 foot wildcat in Northwest Lea and Continental Oil No 1A Bell Lakes Unit in South Lea at depth 13,000 feet.
MENTIONED IN THIS ARTICLE
Texas Pacific Coal & Oil Company
Union Oil Company of California
Lea County
Cactus Drilling Company
Hobbs
Shell State
Grover Conrad No. 1
Ralph E. Davis
S. L. Digby
Federal Power Commission
Atomic Energy Developments
N. E. Tanner
Trans-Canada Pipe Lines, Ltd
Co. P. Rather
INGAA
FPC
Supreme Court
Willard W. Gatchell
Scott Hughes
W. E. Wilson
W. R. Fowler
Bozell & Jacobs, Inc
T. Coleman Andrews
Internal Revenue
Rather
Sunray Oil Corporation
Continental Oil Company and Associates
Bell Lakes
South Lea County
Plymouth Oil Company
Otero County
J. D. Wrather, Jr
Midland
Dallas
Northwest Lea County
Shell Oil Company
Wildcat
Roosevelt County
Milnes
Roosevelt
Eddy Counties
New Mexico
W. J. Peterman
Travis B. McCabe
Upton
Eddy County
Nix & Curtis No
Gulf State
Markets At A Glance New York Stocks Mixed
Markets at a glance show stocks mixed with motors in demand and rails improving. Bonds steady, cotton lower, wheat firm on large price discounts, oats steady with corn around $1.00. Best gains not held. top steer prices steady to $1.00 higher, top $27.00.
MENTIONED IN THIS ARTICLE
New York
Cotton Futures Close Lower on Heavy Liquidation
New York June 21 cotton futures closed 10 to 80 cents a bale lower amid heavy July liquidation before first notice day. Commission houses sold and hedged, pressuring new crop months, while trade buying and local covering absorbed most selling. F O A authorized a $15 million cotton purchase to France for June 25 through Oct 31 with Aug 1-Dec 31 delivery. Galveston spot steadied. middling grade around 33.65 to 34.95 with varying quotes. New Orleans average middling at 34.11, down from 34.22, with 5,376 bales sold.
MENTIONED IN THIS ARTICLE
New York
Commission House
F.O.A
France
Ccverecsenseeces
Sessecseceecse
New Orleans
New York Bonds Chicago Produce Chicago Advertisement
Market notes show butter and eggs remaining steady with no changes to prices. The item appears in a brief advertisement form referencing New York bonds alongside Chicago produce.
MENTIONED IN THIS ARTICLE
Chicago
Closing Stock Quotations From New York Market
The report lists closing prices and percentage changes for wide-ranging stocks led by Merrill Lynch firms and large corporations. Notable names include Shell Oil, General Electric, IBM equivalents, Alcoa, United Aircraft, Pan Am, RCA, and Chrysler, with varied gains and losses.
Grain prices drift in cautious trading across markets
In Chicago the Board of Trade saw only modest gains with soybeans under pressure from heavy July contract liquidation. Wheat edged higher after early hedging. corn rose on expectations of larger 1954 storage. Oats gained on hot Midwest weather while rye inched up. Fort Worth and Kansas City cash grains showed mixed quotes, with No 1 hard wheat around 2.84 to 2.94 and No 2 white corn near 1.60 to 1.64 in regional quotes.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Midwest
Kansas City
Amarillo
Amarillo Grain Exchange
Texas
Grain of the Hog and Cattle Markets Across Major Cities
Chicago and Kansas City report mixed livestock activity with hogs higher and cattle steady to higher, steers and heifers uneven, while Oklahoma City notes slow trade yet steady to higher prices for slaughter steers and yearlings. Fort Worth shows steady cattle, with hogs and sheep mixed. New York market signals firm beef prices but slow overall trading.
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
Kansas City
Oklahoma City
Thaw Turns Pembina Into A Quagmire
Tulsa reports that spring thaw and heavy rains have crippled drilling in Pembina Alberta. Dr. Frank J. Gardner notes muskeg ground, 6 inch frost, and clay humus layers hinder access, with operators eyeing mud barges and winter work targets as May completions drop about a well per day versus early 1954. Liquefied petroleum gas grows in heating dehydraters in tobacco regions.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
Canada
Pembina
Alberta
Frank J. Gardner
Oil and Gas Journal
Gardner
Edmonton
United States
Market meat price report shows varied weekly changes
Prices for lamb and pork cut types range from $35 to $56 per hundredweight with shifts since Friday and Monday. Beef and veal remain mostly steady to down slightly. old crop lamb weaker. springers steady to weak. Boston butts and ham prices mixed. Local hindquarter and Kosher cuts show normal supply and mixed demand. overall market activity moderate.
MENTIONED IN THIS ARTICLE
New York
Boston
Operators Drill 448 Wells in Past Week
AUSTIN June 21 Operators drilled 448 wells this week and brought in 264 oil wells, 23 gassers. They plugged 161 dry holes. Of the 264 oil wells 13 resulted from wildcatting. There were five wildcat gas wells and 85 wildcat dry holes. Oil well completions for the year climbed to 5,577 compared with 4,732 a year ago. The gas well byte in total way 578 against 4 Plugs went in 57 commercially depleted oil wells and three gas wells. The total average calendar day crude oil allowables as of today was 3,003,476 barrels, up 11,538 from a week ago. Twenty trains of 100 tank cars each would be needed to move the 440,000 barrels of oil which will be carried daily through the new 26-inch West Texas Gulf system pipe line in Texas.
MENTIONED IN THIS ARTICLE
Austin
Texas
Visible Wheat Supply In Chicago Report
Visible supply of wheat rose by 8,020,000 bushels to 286,174,000 this week as the Board of Trade released figures. Corn fell 781,000 to 14,087,000 bushels while oats dropped 536,000 to 2,707,000. Rye declined 89,000 to 8,329,000 and barley slid 317,000 to 3,214,000 with soybeans down 406,000 to 5,695,000.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Zemo Promises Quick Relief for Dry Skin Itch
A doctor recommended antiseptic cream Zemo soothes surface skin rashes eczema and psoriasis. It relieves itch fast stopping scratching and aids faster healing. Extra Strength Zemo advised for stubborn cases.
MENTIONED IN THIS ARTICLE
Zemo
Panhandle Eastern Seeks To Push Job Expansion
Panhandle Eastern Pipe Line Co asked the Power Commission for permission to start a Texas to Michigan natural gas pipeline expansion costing 66.75 million dollars for about 294 miles added at intervals along the system.
MENTIONED IN THIS ARTICLE
Washington
Panhandle Eastern Pipe Line Co
The
Power Commission
Oklahoma oil operations show more wells but more dry holes
Oklahoma City report from Research Oil Reports states 11 more producing wells last week, totaling 128 operators, and 183 completions up 12. Dry holes rose from 43 to 54 as gasers dropped from eight to one and locations declined from 223 to 189.
MENTIONED IN THIS ARTICLE
Oklahoma City
Oklahoma Oil
Midland Man Heads Scouts National Oil Scouts and Landmen Assn
New Orleans June 21 P J Lock of Midland Texas was elected president of the National Oil Scouts and Landmen Association in a runoff over Robert Mather of Tulsa Oklahoma. Officers named by acclamation include William R Quigley Casper Wyoming first vice president M J Huffman Calgary Canada second vice president John F Hopkins Pampa Texas third vice president C J Edmundson Bakersfield California secretary treasurer and Pat N Mason Shreveport Louisiana editor. Corpus Christi Texas was chosen for the 1956 convention site. A F Black of Abilene outgoing first vice president said the group had 3000 members at the end of 1953 P J Comeaux Beaumont Texas announced the 1955 convention will be at Banff Alberta with Huffman in charge of arrangements.
MENTIONED IN THIS ARTICLE
Pat N. Mason
Shreveport
Corpus Christi
Tex
A. EF. Black
Abilene
P. J. Comeaux
Beaumont
Banff
Alberta
Huffman
Nemaha Reports Nebraska Strike Boosts Four Formations
Nemaha Oil Co reports a major new strike in southeastern Nebraska, Miles C No. 2 well four miles south of Dawson between 2837 and 3250 feet, hitting 14 feet of Wilcox sand and proving four contributing formations. Production testing to begin in about 10 days.
MENTIONED IN THIS ARTICLE
Dallas
Nemaha Oil Co
Nebraska
Dawson
Viola
Hunton
W. E. Weaver
Nemaha
Diesel‑electrics trialed on New England branches
In New England the region tests single unit Diesel electric rail buses on branches where passenger service had nearly vanished and regular train service had been abandoned, praising lower operating costs compared with conventional trains.
MENTIONED IN THIS ARTICLE
New England
Also Mentioned on This Page
DOW Jones
Closest
MD Industrials
Independent Natural Gas Association of America
Roosevelt Hotel
Galveston
NEW York Bonds
Brenda Starr
Bugs Bunny
Yipe
Coon
Bros Carus
Daphne
Libby
Brenda
Dennis
American
CURB
Amer Maracabo
Hazeltine Corp
Burma Mines
Humble Oil Co
Catalin Corp
Kaiser Frazer
Cessna Aircraft
la Land&Expl
Claude Neon
NaBellas Hess
Con Mining
Nat Fuel Gas
Corron Rey Co
Crown Drug
Pacific Pet
Pancoastal Oil
Royalite Oil
Eureka Corp
Sonoton
Technicolor
Colo. Int
Fort Worth
Escesese
Avilvexéensh Srm
Connecticut River Valley
Carolinas
Panhandle Eastern
Oklahoma
Midland Man Heads Scouts
P J. &. Lock
National Oil Scouts and Landmen's Association
Gold Bond Store
Tyler
JIM Hill Hotel
Hereford
Deaf Smith
County
Jim Hill
Third and
Sampson Streets
Big State Auction Associates
Reconstruction Finance Corp
Amy Wusee
Vanuren
Big Ben Bolt
Helene
Sweets
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