Stock Market Mires in Quicksands of Churchill Speech
New York stock averages fell in a moderate sell-off sparked by Prime Minister Churchill's claim that the French would yield their navy to Germany. The Associated Press average of 60 stocks dropped about 0.8 point to 40.8 as 694000 shares changed hands. Many major issues including U S Steel Bethlehem Chrysler GM Douglas United Aircraft and others led the downdraft while aluminum and zinc issues also declined amid heavy futures unloading.
MENTIONED IN THIS ARTICLE
New York
Churchill
Germany
Associated Press
U. S. Steel
Bethlehem
Chrysler
General Motors
Douglas
United Aircraft
Glenn Martin
Caterpillar
American Telephone
North American
American Water Works
International Nickel
Westinghouse
DuPont
Allied Chemical
U.S. Gypsum
Chesapeake & Ohio
New York Central
Standard Oj
N. J
Loft
Aluminum of
America
Gulf
Bellraft
New Jersey Zinc
Allisch
M & Fdy
Mt Uy Am
Am Smelt &R
Oa Ae
L&s
At& SE
Comwith & Sou
North Am Avia
Curtiss Wright
Aire
Corp
Beth Steel
Douglas Aircraft
du Pont
Elec
Censulice
Crocker-Wh el Hully
Gen Motors
Eagle Pichot i
RM RY
Goodrich
Il Bond & Sh-206
Sos
Gooryear
Guift
DAS
Gt Nor Ir Ore
Hamble Oil
Nor Ry
Lone Star Gas
Ning
Todd Shipyds
Hudson
Hupp
Int Harvester
Bence
Hydro Fla
Argan
Johns Manville
Saly Indus Rails
Kennecott
Loews
Lockheed Aire
Enemes
Ory
Lorillard Aff
Marshall Field
Montgom Ward
Nash Kelvinator
Nat Biscuit
Pow & Lt
Rails Indus Util Prgn Nor Pac
Ohio
Parc Gas & el
Packard Iy
Pan Am Airways
Penney Veareue
Penn RE
Phelps Dodge
Phillips
Irt
Pub & MI
Pullman
RCA
Rem Rand
Repab Steel
Aee
Sears Roebuck J
Shell Union Oil
Treasury Simmons RS
Socony Vac No Aly Kg
Sou Pac
al Rly
Oo Cal
O Ind
Stewart Warn
Stone & Webster
Tex Corp
Ex Gulf Si
Tex Pac C&o
Ex Pac L
Ide Wat A Oil
Otrans & West Ald
Chicago
Plymouth Springs
Nited Corp
Rock Springs
Plymouth
Warner “Walgreen Bros
Wheat Prices Slump to Season's Lowest Levels
Wheat futures tumbled in Chicago trading on June 25 with most contracts near the season's lows. Prices opened lower and drifted down, with July and September bids easing. oats, rye, and soybeans also posted losses, while lard closed down. Cash grain quotes in Chicago Fort Worth and Kansas City reflected softer values across wheat, corn, and oats.
MENTIONED IN THIS ARTICLE
Chicago
Fort Worth
Kansas City
Former Pastor Charged with Irregular Stock Sales
BIG SPRING June 25. W S Garnett former pastor of a Big Spring church faces charges of irregularities in stock sales and dividend payments. He posted $500 bond in two cases alleging he feloniously engaged in dealing in securities and participated in illegally declaring a dividend.
MENTIONED IN THIS ARTICLE
Big Spring
W. S. Garnett
Decline in Stocks and Commodities Across Markets
New York stocks showed a slow decline with steel and aircraft shares faltering. Bonds mixed as German and Italian loans rose. Foreign exchange narrow with sterling improving. Cotton weaker amid selling, wages for futures hedging. Metals quiet as spot tin falls. Wool tops pressured by July liquidation. Wheat and corn lower, hog prices largely down with limited gains. Cash prices steady.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Ugar—Efaster
Cattle Market Active and Prices Across Regions
Cattle salable around 3,200 to 3,600 with steady to higher undertone. hogs 28,000 traded, top around 5.30, light sows to 4.70. sheep 6,000 salable with strong clipped lambs and best around 10.25. Chicago notes mixed cattle and hog prices, Fort Worth reports steady to higher fed steers and yearlings, Denver and Oklahoma City similar patterns with active markets and top bids listed.
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
USDA
Fort Worth
Denver Livestock
Denver
Oklahoma City
Cotton futures drop as nerves tighten over war impact
New York spot and futures markets slide on war fears after Churchill speech. Cotton futures fall 18 to 25 points with December forward deliveries slipping below a cent. Exported bales, port receipts, and spot prices listed. New Orleans and Galveston quotes show further declines and varied middling rates. Seed and meal prices in Texas noted.
MENTIONED IN THIS ARTICLE
New York
Gotton
Churchill
Wall Street
New Orleans
Cotten
Witness Testimony Ties Bribe toOil Allowable Cut in Midland
In Midland on June 25 Kelly vice president of Shasta Oil testified in district court that Gordon Bigham a former railroad commission employee told him the Shasta allowable would be cut unless a bribe was paid. He described meeting Bigham March 10 and paying 5000 dollars with 200 monthly payments to influence the commission.
MENTIONED IN THIS ARTICLE
Midland
Kelly
Shasta Oil Company
Gordon Bigham
Railroad Commission
Shasta
Kelley
Bigham
Howard County
Attorney General's Office
East Texas
Four Fields Get Allowable Hikes
Texas railroad commission orders higher allowables for wells in four fields and notes a 246000 barrel daily statewide reduction with no complaints. Engineers report 171 well completions last week totaling 3684 for the year and 1700 plugged since January 1, while total wells reach 92008.
MENTIONED IN THIS ARTICLE
U. S. Bureau of Mines
Sandy Point
Brazoria County
Rowe
Bryson
Jack County
Dies Promises Full Column Revelation In Austin Hearings
Congressmen Martin E. Dies of Texas said he would climax his western clean up of fifth column agents with hearings in Austin on July 5 and 6. He reported finding midwest subversive activity but would not name the groups under investigation as he prepared to summon witnesses.
MENTIONED IN THIS ARTICLE
Chicago
Martin E. Dies
Texas
Orange
Tex
Fifth Column
Austin
Dies
Midwest
Ausin
Argentine Fleet Patrols Coastline Noted in 1939 Pact Compliance
Buenos Aires reports the ministry ordered the Argentine fleet to patrol the entire 1500 mile Atlantic coastline, cancelling plans to sail to Buenos Aires for independence celebrations. The move aims to strengthen vigilance under obligations from the 1939 Panama conference. A related line notes Monterey California’s first theater from 1848 became a public museum.
MENTIONED IN THIS ARTICLE
Buenos Aires
Ministry of Marine
Argentina
Puerto Belgrano
Here
Americas
California
Monterey
Oil Market Summary Tulsa June 1 Featureless Refinery Market
Tulsa June 1 UPi The refinery market was featureless today at a glance gasoline and natural gasoline steady light fuels dull industr ials strong lubes steady crude firm listed are ruling prices for refined products from legally produced crude oil with various grades and prices per gallon and per barrel across U S motor gasoline kerosene fuel oils and industrial fuels in cents per gallon and dollars per barrel with multiple quoted ranges and lots
MENTIONED IN THIS ARTICLE
Tulsa
Okla
Upi
Oklahoma
U. S
Texas
War caused by honest mistakes says British lord
In the House of Lords Lord Strabolgi blamed the war on the well meaning errors of Viscount Simon when foreign secretary and noted Simon’s clashes with Henry Stimson over Japan in 1931 32. He added Stimson now leads a Republican cabinet post and recalled a Japanese delegate’s praise of Simon which Simon denied.
MENTIONED IN THIS ARTICLE
London
Stragolgi
House of Lords
Viscount Simon
Simon
Henry L. Stimson
Manchuria
Strabolgi
United States
Stimson
Roosevelt
Geneva
Dalhart Officer Quits to Farm
Dalhart city police chief J C Dickey says night chief H V Strode resigned effective July 1 after seven years. Strode has bought an irrigated truck farm near Fort Collins Colorado. Mayor Frank Farwell expects the city council to name his successor within the week.
MENTIONED IN THIS ARTICLE
Dalhart
J. C. Dickey
H. V. Strode
Fort Collings
Colo
Frank Farwell
Santa Fe Rate Hearing Postponed in New Mexico
The Santa Fe Railway rate hearing was postponed indefinitely by the New Mexico State Corporation Commission before the reduced intra state freight rates took effect. The railroad contends the commission lacked power to suspend prior to effectiveness, and the matter will be held in abeyance awaiting a Supreme Court decision.
MENTIONED IN THIS ARTICLE
Santa FE
N. M
Santa Fe Railway
State Corporation Commission
New Mexico Motor Carriers Association
Robert Valdez
Ceed
Albuquerque
Gallup
Deming
Las Vegas
Silver City
Britain Denies Promising Troops to France
London reports British sources deny promising to send 26 divisions to France in the first month of the war while acknowledging criticism from French minister Jean Prouvost that Britain sent 400,000 men. British aircraft contribution is said to exceed the promised amount and coordination with French forces is noted. The piece also mentions over 4,000,000 visitors to national forests annually.
MENTIONED IN THIS ARTICLE
London
Britain
France
Jean Prouvost
Bordeaux
Prouvost
Tataff Fe
Santa Fe Buys Diesel Freight Engines First to Add Road Freight Power
Edward J. Engel announced Santa Fe will acquire two 4400 horsepower diesel electric freight road locomotives and ten 4-8-4 steam engines. The order, placed with Electro Motive Corp, aligns with plans to meet rising traffic from national defense and improved facilities.
MENTIONED IN THIS ARTICLE
Santa Fe
Edward J.engel
Mr. Engel
Electro-Motive
Electro- Motive Corporation
la Grange
Engel
Humble Oil Wins Partial Labor Board Victory
The fifth U.S. Circuit Court of Appeals reversed parts of a National Labor Relations Board order against Humble Oil and Refining, upholding the cease interference with employee organization rights while setting aside provisions against fostering company unions at Ingleside and Baytown Texas and nullifying related contracts.
MENTIONED IN THIS ARTICLE
Humble
New Orleans
U.P
National Labor Relations Board
Humble Oil and Refining Company
Fifth U.S. Circuit Court of Appeals
Ingleside
Baytown
Tex
Gerald Brown Returns to Summer Posts in Amarillo and Canyon
Mr and Mrs Gerald Brown return to Amarillo and Canyon for the summer after nine months in Chapel Hill North Carolina He earned a BA at West Texas State Masters in economics at the University of Texas and is pursuing a Doctorate at UNC where he serves as an economics instructor He plans to finish all doctoral work except the dissertation next year AJA College graduate and former professor at Amarillo Junior College Brown resigned to pursue higher studies.
MENTIONED IN THIS ARTICLE
Gerald Brown
Amarillo
Canyon
Chapel Hill
N. C
Brown
West Texas State
University of Texas
University of North Carolina
Amarillo Junior College
GOP Chairman Gets Kiss In Embarrassing Moment
At Convention Hall Philadelphia on June 25 Rep Joseph W Martin national committee chairman received two kisses from Mrs James P Winnie wife of Hewall committeeman after presenting him a bouquet of 100 white carnations. Martin said business is picking up and the scene amused about 15 900 spectators. A New England housewife’s candy mishap led to discovery of a peanut brittle confection by using soda instead of cream of tartar.
MENTIONED IN THIS ARTICLE
Convention Hall
Philadelphia
U.P
Republican National Committee
James P. Winnie
Hewall
Martin
Winnie
New England
U. S. Has Plenty of Reserve Officers
War department officials plan to select 9,000 reserve officers for active duty in the army expansion. They note a large pool of reserves, including 117,000 reserve officers and 14,000 regular officers, with 9,000 to be commissioned this month and 400 more from training camps. The ban on new commissions, eased months ago, remains unlikely to lift soon.
MENTIONED IN THIS ARTICLE
Washington
U.P
War Department
Cay
Department
Army
CMTC
Midcontinent Gasoline Steady in Tulsa Market
Gasoline prices held steady across the midcontinent as movement remained heavy in Tulsa and surrounding area. Reports note dull activity for light fuels and firm crude, with overall market momentum described as active despite steady pricing.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
Radio Programs Schedule Listing for KGNC
Daily 2500 watt daytime and 1000 watt night station KGNC broadcasts on 1410 KC. Morning lineup features Sky Pilot Rise and Shine at 4, Breakfast Club of the Air, News Flashes, Alec Randolph Quartette, Farm and Home Hour, and The Guiding Light among NBC programs. Afternoon and evening blocks list extensive live orchestras, soap operas, news, and features including Lone Journey, Our Gal Sunday, Club meetings, and War News with frequent program changes noted.
MENTIONED IN THIS ARTICLE
Sky
Farm News
Breakfast Club of the Air
NBC
Alec Randolph
Panhandle Laundry
Almanar
Leonard
Joe Gilbert
James L Worevn
Dr. Malone
David Harum
Kate Rapking
Portia Blake
Life
Eeponal Farm
Arnold Grimm
H. V. Kaltenborn
Charita Magnante
Redding
Musical Grocerymen
Newa
The
Flying Dutchman
Fashion Ashes
Hal Oliver
Ma Perkins
Pepper Youngs Family
Vie and Bade
Sam
Stella Dallas
Lorenzo Jones
Widder Brown
Girl Alone
Charles Sears
Li'l Abner
Gus Steck
NYA
Paul Douglas
Vesta O'Dell S
Himw
Enocores
Fred Allen
Kay Kyser
Jerry Sadler
Fred Waring
Rogerio Garcia
Earl Hines
Freddie Eber
Jan Savitt
Sturlo
Budin
Monitor News
Morning Melodies
James L. Gordon
Renroadcaast
KGNC
John Metcalf
Claas Will Tell
Bam
Club of the Air
Ton
Gal Bundey
TSN
Carol Leighton
Studia
Amarillo
Ernest O. Thompson
O' Bleeplechase
Delaware
Mbs
Black Reporter
Gazelle Brakes
Pure Sage
Bob Nichols
Berenaders
Baylor University
Danes
World Book Man
Fulton Lewis
Gan Jacinto Boosters
Lehman Trio
Rupper Melodies
Sheep and Goats Club
hip—Sparks
America
Raymond Gram
Eady Dunsmoor
Orch
Chuck Foster
Phil Harris
Sterling ' Young
Also Mentioned on This Page
Amarillo Daily News
aTorn Overan
NEW York Metals
Connecticut Valley
East St. Louis
Galveston
FEDES
B.asd
Crown Block Field Developments
Oklo
Journal
Seminole
West Texas
Texas Panhandle
Gulf Coast
Southwest Texas
Louisiana
Arkansas
New Mexico
Diesel
Gerald
GOP
Col
Ernest C. Thompson
GMC
Jims
YMAC
General Truck & Tractor Company
Fourth & Tyler
Cat Othal
GMC Trucks
KFDA
Wetworks
Centre
the O'Neills
Bud Barton
Abner
Nhr
Mie-Chain
Edwins
Hill -Eha-Waberpasie
Malcolm Claire
Ahe-Red
Hedda Hopper
Nan Wynn
Heary Stamps
Dancing Music
Paul Sullivan
Apte
Weaf
Rocky Gordon Berial
Nbe
Lowell ‘Thomas
Amon
Andy
Pulten Lewis, Jr
Mr. Keen
Che-Wabe
Basic
Eba-West
Mbaenet
Dancing Music Orchestra
Mba
Wgn
Kwk
Hollywood Playhouse
Ben Bernie
Lew Lehr
Cbs-Waba Sheep and Goats Club
Mbe
Network
Wla
J. Hernholt
Christian Cha-Wahbe
Elmer Davis
Cbe-Wabe
Nhe-Weaf
Green Hornet
Nbe-Wls Theater of State
Mphe
Chain i
Maj, Nason
Thia War
Mbsewor
Roy Shield
Diance
Nbe-Weat
Waring
Nbeewls
East
Amos and
Mbs-Chains
A. Mitchell
Mbs-West
Ed Hill
Musle
Lanny Ross
Ochs-Weat
Weat
Wsa
Aca
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