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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 25, 1940

Page

5

Stock market up as utilities lead gains amid war clouds

New York June 24. Buying concentrated in utilities supported the stock market despite adverse war news. The Associated Press average of 60 stocks rose .4 to 41.6 with 471,990 shares traded, led by Consolidated Edison and several power and industrials while some issues lagged.

New York Associated Press Consolidated Edison North American Electric Power & Light Commonwealth & Southern Preferred Public Service of N. J American Power & Light American Telephone Westinghouse DuPont Union Carbide Eastman Kodak Great Northern Sears Roebuck Woolworth U. S. Steel Douglas Aircraft American Airlines General Motors United Air Lines Santa Fe Anaconda Kennecott United Aircraft American Can International Harvester Ban Electric Bond American Gas American Super-Power Cities Service Niagara Hudson Power Northern States Power Pennsania-Central Airlines Sher- Williams Brewster Aero American Cyan?mid Aluminum of America

Rail Board Man Faces Trial For Bribery Allegation

Midland June 24 District Judge Cecil Collings denied a motion to quash an indictment against Gordon Bigham former railroad commission representative charged with agreeing to accept and accepting a bribe from Shasta Oil Co March 10 while employed by the state The four count case developed through state officials and Shasta officers with witnesses Jerry Sadler Ernest Thompson and John Taylor listed among others Bigham allegedly sought money by claiming higher production allowances for the company

Midland District Court Jerry Sadler Ernest Thompson John Taylor Oil and Gas Division Bigham Shasta Company Atty Gerald C. Mann

Texas Archives Being Moved to State Library

Texas priceless state archives are moved from a dark basement at the capitol to the main floor of the state library for better public access and moisture protection. the move follows five years in storage.

Austin Texas Capitol State Library

Rains Boost Wheat Prices in Early Trade Amid Mixed Market

Chicago traders note weekend rainfall in the spring wheat belt supports buying by mills linked to government white flour purchases while rust in soft and hard winter wheat areas and limited movement restrain gains. Prices fluctuated, with some gains erased by session end as cash grain quotes show varied futures and spot bids across regions.

Chicago

New York Stocks Close Steady as Leaders Narrow

June 24 market notes show steady stock activity with leaders narrowing gains. Bonds improve led by German and Italian issues. Foreign exchange unsettled with sterling slipping. Cotton irregular with hedge pressure, sugar lower on spot demand. Metals quiet as steel trimming continues. Hog prices steady to 10 higher, top at 5.40. cattle steady amid thin liquidity.

New York Boston Chicago

Copper and tin prices in New York metals market

New York metals report shows copper steady with Connecticut Valley at 11.25 to 11.50 for export 11.15 in New York fas. Tin eases with spot and nearby at 53.75 and forward 51.25. Lead steady at 5.00 to 5.05. zinc steady at 6.25 East St. Louis. Pig iron No 2 for eastern Pennsylvania 24.00. Buffalo 23.00. Alabama 19.38. Aluminum virgin 19.00. antimony Chinese spot 14.59. quicksilver 198.00 to 200.60. platinum 38.00. Chinese wolframite duty paid 22.50 to 24.00. domestic echelite 22.00.

Allis Smelt & R Ti AT & T Refining St Aviation Corp Barnsdal Oil Ei Comwith & South Chrysler Plum Gas & el Col & Sorith United Corp Colum G & el Gi Elec Pow & Lt Coml Solvents Am Water Works My Comwith & Son Consol Oil Am Power & Lt Consol Edison United Air Line North Am Co Curtiss Wright Eng Public Service Pact Pan Am Airways Douglas Aircraft Wats Id Beth Steel No Dig Stone & Webster du Pont Comwith Edison Up NEW York Curb Freeport I Cities rocker-Wh Ele Eagle iPch Hudson Moto el Bond & Sh Hupp Motor Gulf Oil Humble Oil Int Harvester Lone Star Gas Ning Hydro el T&t Lt & Pow A Johns Manville Fone Kennecott Emma Poe Lockheed Aire Loews Mid Cent Pet Montgom Oe Nash Kelvinator Nat Biscuit Nat Dairy Rran Nat Distillers Nat Pow & Lt 7H Co RR Sees Nor Amer Co Nor Pac Meepsie eeenes Ohio o@ the Roenen Pac Gas Pac Sa Ces Eess Tand Brands Tex Gulf Nares Teen Qvarner Bros el & Mfg Oolworth NEW York Metals Connecticut Valley Fas East St.Louis East St. Louis Pennsylvania Buffalo Alabama

Cattle Market Strong Higher Across Chicago Kansas City Reports

Kansas City and Chicago livestock notes show hogs salable and higher with tops around 5.25, cattle led by fed steers and yearlings up 15 cents, grass stock steady, vealers firm, stockers and feeders steady to strong. Sheep offerings strong with clipped lambs up, native lambs also supported, numbers large and steady to higher on several classes.

Kansas City Oklahoma Chicago Idaho

Fort Worth and Denver Livestock Markets Report Cattle Hogs Sheep

Fort Worth and Denver stockyards report June 24 with cattle salable totals around 2,300 in Fort Worth and 2,200 in Denver. hog totals near 1,000 and 900 respectively. sheep listings about 5,000 in Fort Worth and 8,500 in Denver. Prices show most classes steady to firm, some declines in cows, with vealers calves and stock animals priced across multiple weight ranges. Oklahoma City figures also show cattle 1,800 calves 800, hogs 600, and sheep 1,200 with varied price ranges and top bids noted.

Fort Worth USDA Denver Livestock Denver Oklahoma City Livestock Oklahoma City

Chicago Produce Totals Move in Mixed Market News

Chicago reports poultry and egg receipts with 37 trucks and 1 car. hens steady and chickens easier. Butter and cheese prices quoted with varied scores and car counts. eggs steady with multiple grade levels and storage extras.

Chicago U.P Plymouth Rock Springs White Rock Springs Plymouth Rock White Rock

July Cotton Moves Ahead as Old July Near First Notice Day

Cotton futures in New York hold firm with Old July up 2 as first notice looms while other months slip 1 to 5 points. Traders expect tenders, hedge selling and foreign liquidation pressuring near term, but demand for new crop months remains light. Port receipts and stocks show sizable inventory as New Orleans closes mainly steady with July and nearby contracts yielding small gains.

New York Digby Sas Nominal Suzy Kenes OCR Ssaives Deaveres

New Orleans Spot Cotton Close Steady With Mixed Ranges

The New Orleans spot cotton market closed steady to three lower on June 24 with sales of 174 bales. Low middling was quoted at 10.00 cents, middling 11.00, and good middling 11.45 cents. Receipts totaled 1,845 bales and stocks stood at 602,004.

New Orleans

Cotton prices steady as markets close in Galveston

Galveston spot cotton closed steady with gains across grades. Low ordinary to strict good middling ranged from 7.27 to 11.12 cents, while middling 10.67 to 11.17 cents. New Orleans spots averaged 10.73 cents, up one point.

Galveston

Cottonseed Prices Quoted by Western Feeders Supply

Western Feeders Supply Company lists cotton seed quotations for Texas mills. Prime loose hulls per ton range 11.00 to 12.00 dollars. One cold pressed seed per ton 28.00 dollars. Prime cracked screened meal and cake 43 percent protein per ton 32.00 to 33.00 dollars.

Fort Worth Western Feeders Supply Company F.o.b Texas Mills

Oil Market Summary Tulsa June 24

The re finery market was featureless today with steady gasoline and natural gas steady light fuels dull and industrials strong. Prices shown for refined products in tank car lots of 8 000 to 10 000 gallons f o b refinery Oklahoma Group 3 exclude taxes and handling.

Tulsa Okla U.P Oklahoma U. S Texas

Mexico to institute compulsory military training amid arms shortage

In a statement from Torreon on June 24 President Cardenas announced a government decision to establish compulsory military training due to insufficient weapons reserves for new defense needs arising from the world crisis. The move underlines Mexico’s commitment to democratic principles and cooperation with other American nations.

Torreon Mexico Cardenas

Gamblers Help Red Cross Unknowingly in El Paso

In El Paso on a weekend raid, 22 men including 3 whites and 19 Black players gambled at cards and dice. Police seized 55.65 dollars from two raids, intended for a pension fund but turned over to the Red Cross for European refugee relief.

EL Paso U.P Red Cross

Royal Prince William Leads Swedish Lecturer US Tour

Prince William of Sweden became the first professional royal blood lecturer to tour the United States. He visited the United States twice during 1927 in a notable royal lecture mission.

Prince William Sweden United States

Chief executive stresses republics in Western Hemisphere at farmers gathering

In an address delivered to a farmers gathering the chief executive underscored the defense of republics in the Western Hemisphere and highlighted regional cooperation as a key priority for the hemisphere's stability and security.

Western Hemisphere

Ambassador Ordered to Take New London Post

Secretary of State Hull announced J Anthony Biddle will go to London immediately as American Ambassador to the refugee Polish government in France. Ray Atherton designated acting chief of the European division, while William Bullitt remains in Paris to safeguard American interests.

Washington U.P Cordell Hull J. Anthony Drexel Biddel France London Biddle Paris Bordeaux William C. Bullitt Hull Ray Atherton Foreign Service State Department Atherton U. S Denmark Hould J. Pierrepont Moffat Canada

FDR Signs Bill For Canal Lock and Flood Projects

President Roosevelt signed a war department civil functions bill totaling 222,718,717 dollars. It includes 15,000,000 for starting a third set of Panama Canal locks and 99,000,000 in contracts for the locks. Additional allocations cover rivers and harbors maintenance 68,009,110 and flood control 70,000,000 led by 30,000,000 for Mississippi flood work. Reservoirs in Arkansas and Oklahoma receive funding as listed.

Washington U.P Roosevelt War Department Mississippi River Denison Reservoir Red River Nimrod Reservoir Ark Norfolk Reservoir Fort Supply Okla Great Salt Plains

Private Rites Held For Mrs. Weatherman

Funeral services were held at N. S. Griggs and Sons Chapel for Mrs. Ora Lee Weatherman who died early yesterday in a local hospital. Rev. E. B. Fincher officiated. The body will be sent to Branson Missouri for burial. She is survived by her husband C. O. Weatherman two sons Lester and Frank her father C. F. Timbrook of Forsythe Missouri a sister Mrs. Otis Getmann of Forsythe and brother C. T. Timbrook of Amarillo. The family home is 501 Fannin Street.

N. S. Griggs and Sons Ora Lee Weatherman E. B. Fincher Ellwood Park Presbyterian Church Rock Island Branson, Mo C. F. Timbrook Foresythe, Mo Otis Getmann Foresythe Mo C. T.timbrook Amarillo Fannin Street

Mashburn's Body Sent to Kentucky

The body of Jesse E. Mashburn a 33 year old mining engineer who died early yesterday in Canyon will be sent today by Griggs Thomason Funeral Home to his Kentucky home for burial. His address was Closplint Ky. He was a Baptist and a Mason. Survived by his wife Leeda Mashburn and a brother M D Mashburn of Harlan Ky with two other brothers and two sisters.

Jesse E. Mashburn Canyon Griggs-Thompson Puneral Kentucky Mr. Mashburn Closplint Baptist Church Masonic Order Leeda Mashburn M. D. Mashburn Harlan, Ky

Production Cut Gets Approval

Oil production reductions across Texas drew favorable reaction from operators and buyers as the Texas Railroad Commission approved a cut of about 246000 barrels daily for the rest of June. Allowables rise from 1115000 to about 1300000 barrels daily next week, with Fast Texas output increasing from 380000 to 425000.

Austin Texas Lon A. Smith Railroad Commission Smith Bret Texas France

Cabot Attorneys Cross-Examine in Patent Suit

Dr. Ira Williams chief researcher for J M Huber Corp faces cross examination by Godfrey L Cabot Co attorneys in federal court. Huber defends patents as Cabot's five day case closes and trial resumes with continued testimony this morning.

Ira Williams J. M. Huber Corporation Godfrey L. Cabot Co., Inc Huber Dr. Williams Cabot

Rail line spanning trees over ravine near coast

In California a railroad traverses a deep ravine by laying the track on tree stumps and sawed branches. A stone or iron bridge would be too costly, so the top branches were removed and timbers laid along the stumps. The bridge is regarded as entirely safe.

California

Nervous Weak Ankles and Kidney Health Ad

Advertisement claims kidney and bladder troubles cause symptoms like nervousness dizziness and swollen ankles and promotes Cystex as a cleansing treatment. It promises quick relief within a day or two and a money back guarantee with a 35e price.

Danish Freighter Nordpol Drifting Between Nations

The Nordpol, a 10,000 ton Danish freighter, lies at San Pedro unable to sail. Denmark's status as a German protectorate leaves the ship restricted from leaving for fear of British seizure. Its crew, including the captain and wife, face confinement aboard while the ship carries soy beans unsellable due to prohibitive tariffs.

San Pedro Calif Nordpol Denmark Panama Canal

Radio Program Schedules and Station Details

Radio programs list for 1410 Ke and KFDA with day and time slots from early morning to late evening. Includes NBC shows such as The Guiding Light and Pepper Young's Family, plus variety acts, news, markets, and neighborhood features.

Breakfast Club of the Air NBC Artie Saunders Nano Rodrigo James L. Gordon Dr. Malone David Harum News the Guiding Light Kate Hopkins Angel of Mercy Portia Lake Joew Farm Home Hour Arnold Grimm H. V. Kaltenborn Redding Morris Spicer Ma Perkins Pepper Young's Vic and Sade Sam Stella Dallas Lorenzo Jones Young Widder Brown Girl Betty Barrett Li'l Abner Yvette Ee Douglas Charlie Max Boyer Treasure Chest Arthur Goffey Legion of Safety Eddie Gibbons John Josey Vera Waring Johnny Rogerio Garcia Gene Krupa Ray Kinney Jan Savitt War News

Also Mentioned on This Page

Ptock Rail Board Kansas City Cash Grain Tees Frgn Ne Ren Catte Stks Renee DOW Jones Fenner & Beane Anee U. 8 Treasury Adare H. O. L Chicago Livestock Fort Worth Livestock OGG J. Gilbo New London FDR Mrs. Weatherman Mashburn News-Globe Ozeman Burn Blidg Schulte Peru Bolivia Chile Crain Motor Company Studebaker Distributors Taylor Street Amarillo, Texas Norger Brownfield Canyon Clarendon Dalhart Hereford Levelland Lubbock Texas Grand Avenue Nowell & Mangum Samuelson Motor Co Lchaefer Motor Co Koehler Motor Co Wilson Motor Co Allison Motor Co Moore Motor Co Roaring Springs KFDA Sinclair Minstrels TSN Newn Monitor News John Metcalf MBS Sam's Club of the Air Nevasa INS TBN Easy Aces Our Gal Carol Leighton TGN Taylor Ea Ancesith and Polk Stecs TBSN Leighton Noble Orch Crime & Death Musical Arts Conservatory Fulton Lewis San Jacinto Boosters Geo W. Keeling Ianeeeee Melodius Jordan Hollywood Reporter Aeeee Raymond Gram Greyhound Bill McCune Preddy Martin MacFarland Twins Church of God & Christ Bob Nichols Chuck Foster Jack Armstrong Nbc-Wear-East Nbc-Wed-West Ireene Wicker Wjz Golden Gate Quartet Cbs-Wabe Dance Music Orchestra Mbs-Chain the O'Neills Nbc-Weaf Bud Barton Nbe-Wiz-East B. Barrett Nbe Scattergood Baines Cbs-Wabe Wiz Chs Midwest News Edwin Hill Wabe Malcolm Claire Bill Stern Michael Loring Nbe-Weaf Dancing Music Orchestra Paul Sullivan Cbs-Wabe-Basie Music of the Amos & Andy Lynn Cole Cba-Chain Weat Fulton Lewis, Jr Cbs-Chain Europe Mr. Keen Lanny Ross Cbs-West Echoes of Red Wwj Cbhe Arthur Hale Mbs-Wor Sam Baker Roy Shield Edward G. Robinson Cbs Ned Jordan Wor Horace Heidt Weaf Wjs Court of Missing Heirs Elmer Davis Molly Quiz Bob Hope Glenn Miler Raymond G. Swing Walt Doghouse Mbs-Redlwest News Amos and Andy cbs-Dixie Nbc-Chains Cbs&mbs J. Fidwied Globe News
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