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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 23, 1932
Page
9
Grain values edged higher in late trading after wheat deliveries and grasshopper warnings in spring wheat, with US price gaps vs Argentina widening. Wheat closed modestly up, corn and oats mixed, Gulf export buying noted, Kansas City and Fort Worth cash grain reports list varied prices.
New York bond quotes show Liberty 3448 at 101.20 and Treasury issues around 104.28 with varying coupon rates. Foreign exchange data lists Great Britain, France, Italy rates and a range of international demand figures, plus miscellaneous city and regional quotes.
US Department of Agriculture price report from Kansas City and other markets shows hogs up to 10 cents higher with top at 3.65 for 160 200 pounders, cattle and calves generally steady with varied demand across regions. Chicago Fort Worth St Joseph Wichita Oklahoma City and Amarillo listings note mixed trends in hogs cattle sheep with top bids and average prices across weights and classes.
Eggs steady with 9 280 cases received and varied grades priced from 12% to 18?4¢. Butter steady with 13 450 tabs on hand and multiple grade quotes. Poultry unsettled with fowls 18c and turkeys 19%. leghorn broilers 12%4-1819¢. Potatoes tracked. arrivals 80 shipments 780 cars. market overall steady to weak. Southern Triumphs and cobblers around $1.35-$1.40 with sparse other quotes.
The New York cotton market showed narrow and irregular fluctuations as an early decline gave way to light offerings and modest recoveries. July and December contracts moved within points, with weekly weather indicating mixed conditions across the belt and exports reaching 16,077 today. New Orleans and Galveston spots followed steady to slightly lower closes, while cottonseed oil fell and bleachable oil weakened on declines in cotton and lard.
Raw sugar in New York steadied after dipping to 2.80 as buyers showed more interest. Reports show 9,000 Philippines bags at 2.85 and 65,000 Cuban at 2.82 yesterday, and 28,700 Porto Rican sold at 2.80 and 2.82 today. Futures ended with a small July decline and steady to higher later deliveries. final prices near day’s high. Refined sugar unchanged at 3.00 with better demand for fine granulated. Amber is vegetable resin.
Reports from New York show a colorless day on Wall Street with small swings and unchanged averages. Dull volume at 606,280 shares and mixed moves in utilities and industrials reflect cautious sentiment ahead of international talks and July settlement flows.
Market briefs note firm foreign exchanges and rallies in gold. Cotton declines on favorable weather while sugar holds steady with trade buying. Currency trading quiet with foreign selling. North Dakota reports black rust. Corn and wheat steady with slight sympathy. Cattle active and irregular. hogs strong to higher.
In Boston on June 22 traders show renewed confidence in quoted wool values. Moderate to small lots of 64 8 and finer and 56 60s territory wools move more freely than last week. Concessions are harder to obtain, especially for greased wool as demand broadens. The note mentions unexpected benefit from blood loss.
Judge J D Moore of Travis County district court sustained the states demurrer in the ouster suit against Cities Service Oil and Texas and Pacific Coal and Oil. He kept Bernard Martin of Wichita Falls as attorney assisting the attorney general, denying removal as alleged to bias by Quaker State dealers. Price attempted to argue, but the judge halted the remarks.
New York coffee markets show quiet, lower activity with No 7 contracts down 3 to 4, Santos futures down 1 to 7. Closing prices for July at 6.17, September 6.20, December 6.16, March 6.16, May 6.16, Santos July 9.89, September 9.09, December 8.89, March 8.74, May 8.72.
J H Hudnall testified before the Texas Railroad Commission that water encroachment would worsen if the allowable rose and that 15 barrels per well hourly would yield about 2 700 000 barrels daily. E A Buck noted rising water, 107 wells producing water, and a 10 to 15 percent excess above the 325 000 barrel daily limit with current pressure losses.
Two former Monarch Royalties Corporation officials Herbert D. Mason and Andrew J. Barnett were held on 7500 bond in Tulsa awaiting federal trial on mail fraud charges including conspiracy and multiple counts of using the mails wrongly.
Spearman June 22 Harvest of wheat barley and oats will start on the North Plains as soon as fields are accessible, likely by week’s end. Last two weeks of wet weather have kept combines out, with eight inches of rain this month and hail plus high winds causing scattered crop damage but no major losses reported.
New York reports Thurman Hill of the Kansas Public Service Commission meeting with oil marketers and refiners to discuss further curtailment of Kansas crude. He seeks data on storage withdrawals to fix crude allowables and states officials in ten western oil states will ensure just compensation. He predicts a 10 percent further curtailment may be required.
Gregg County District Attorney John B. Taylor urged the Texas Railroad Commission to raise the daily allowable production. He argued a higher limit would improve law enforcement and satisfy operators and the public by allowing a fair return on investments.
Farmers who prepped feed stocks before showers anticipate better yields as timely rains set the stage for healthier row crops and potential gains in the coming harvest.
Miss Alma Burkett of Trenton Tennessee reports a seven month battle with a painful facial eruption. She found relief after using Cuticura Soap and Ointment, claiming three cakes and two boxes cured her skin in four weeks. She notes the product was sold widely with small price tags and suggests trying samples.
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