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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 26, 1941
Page
9
New York June 25 The stock market firmed after an irregular morning with light volume. Steel issues led the late rally though gains were modest while rails and motors rebounded. brokers noted bullish potential from a possible RFC loan to Britain and a shift away from lows.
Chicago reports poultry receipts of 36 trucks with market steady to firm, small hens and white and Plymouth Rock lines up to 22 cents per 4 pounds. Butter receipts exceed 1.3 million pounds with varied scores and cars listed. Eyes and wool sections show mixed activity. Texas wools move at 1.05 to 1.19 scoured, greasies and scoured ranges noted. Boston wool market confirms moderate volume with limited business and unchanged fleece quotations.
Potatoes arrivals 117 reported in Chicago with California long whites U S No 1 priced at 2.00 to 2.20 per unit. Bliss Triumphs listed U S No 1 at 2.20 for California and 1.65 in Arkansas 1.57 to 1.57 per unit Oklahoma. Idaho Russet Burbanks U S No 1 quoted 1.85 to 2.05.
Chicago markets saw wheat move up and down amid Russo German war concerns. Buyers restrained by surplus and crop prospects, while the domestic parity program limited selling. Corn and oats followed mixed paths with minor gains and losses across futures and cash markets in Chicago Fort Worth and Kansas City reports.
Hongkong June 25 report says Japanese planes from a French Indo China base bombed Lui-Chow on the Kwantung peninsula opposite Hainan yesterday.
New York markets show irregular stock action with aircraft demand. Bonds steady as Japanese issues rise sharply. Foreign exchange quiet and largely unchanged. Cotton declines on liquidation and hedging. Sugar rises on buying by traders and speculators. Metals steady with copper subsidized. Wool tops narrow with light support. Chicago wheat steady to firm with mill buying. corn firm with solid demand. Hogs active up 10 to 15 cents, top at 10.80. Cattle weighed by heavier steers down 15 to 25 cents, yearlings steady.
Kansas City and Chicago market figures show cattle salable totals around 3,000 to 10,000 with mixed tone as steers and yearlings edge steady to lower. Hogs command tops near 10.75 while 170-270 lb ranges hover around 10.50 to 10.75, Oklahoma City and Los Angeles report varied demand and regional price spreads across calves sheep and sows.
Tulsa June 25 refiners report looming Fourth of July demand will be the greatest in U S history. Gasoline and other fuels show strong or steady trends with detailed tank-car spot prices for Oklahoma and North Texas. Copper remains steady in New York with electrolytic spot at 12.00 per pound.
New York June 25 cotton futures closed 25 to 50 cents a bale lower after a temporary recovery. Traders cited favorable weather and Leon Henderson’s price warning as factors, with stop loss orders accelerating the late day decline. New Orleans spot markets showed mixed gains and steady cotton seed oil and feeds quotes across several markets.
Kansas crude oil production for July was fixed at 237 400 barrels a day by the corporation commission a new peak for the state and 5 000 barrels over June Theo A Morgan conservation director said the amount will not overtax our pipeline transportation at this time Morgan noted purchaser nominations for July were 251 822 barrels a day but consumptive market demand for the month would be 237 400 barrels.
The Hale County wildcat well No. 1 Byrd, in section 17 block K TTRC survey, was drilled to granite at 6 780 feet. It was plugged back to 5250 feet after bailing 1300 feet of water and drilling mud, and the bailer ran. saltwater came up from the bottom of the dolomite.
In Houston at the 32nd annual NAACP session Herbert Agar editor of the Louisville Courier-Journal urged more definite democratic acts toward negroes to prove the nation means business about democracy. He said America should not only boast of democracy but live up to it.
Eddie Rickenbacker, president of Eastern Air Lines, leaves Piedmont Hospital in Atlanta after endowing a blood bank there. The gift arrived as he prepared to fly to New York following his February crash injuries near Atlanta.
Ina Wood wife of the secretary of the Oklahoma Communist Party was sentenced to 10 years in prison and fined 5000 dollars after a jury conviction found her guilty of possessing literature advocating political or industrial change by force under the criminal syndicalism provisions.
Thieves forced the door of the Willmar Service System office in St. Louis last night and took 68 dollars from one cash box while another box was left with an undetermined amount. Police reported the incident to NY authorities.
Advertisement touts Blue Star Ointment for itching from eczema rash ringworm pimples and toe itch. Claims one application provides relief with possible money back if the first try fails and urges immediate use.
Priority approved for Panhandle Eastern Pipe Line to expand gas supply to Michigan cities with defense plants. A $20 million expansion adds 26 24 and 20 inch main lines from Louisburg Kansas toward Detroit with additional 12 and 20 inch takeoffs to Flint Pontiac Jackson Kalamazoo and other Michigan cities. Engineering offices open in Jackson with Bob Field in charge. Rerouting proposals may shift midcontinent and Panhandle crude markets toward Atlantic coast demand, expanding refinery access and defense outputs.
The American Petroleum Institute reports that in the week ended June 21 U S crude production rose by 34 850 barrels to 3 857 600 with refining firms operating at 89 8 percent of capacity and an average daily run of 3 845 000 barrels Finished gasoline stocks eased to 91 916 000 barrels while aviation fuel fell to 7 243 000 barrels Gasoline production increased to 12 875 000 barrels weekly Imports of crude and refined oils averaged 209 571 barrels daily Receipts for re export and bunkers through March 1941 totaled 30 800 barrels
Herbal laxative capsule remedy with thousands of users and over two million boxes sold since launch. Advises maintaining regular elimination and cautions on use during constipation and related ailments.
Tulsa June 25 Gulf 641 Corp let a contract to raise capacity of its 10 inch line from Jenks Oklahoma to Dublin Indiana. The gain comes from saving 13 loops with three in Oklahoma four in Missouri and six in Illinois and Indiana.
New Orleans June 26 oil men brought the city’s first oil well under control twenty four hours after a blowout. The flow remained uncontained as valves were not fully closed to avoid another blast. W T Burtons No 2 L and N blew at 9888 feet, sending gas and distillate aloft, with nearby trains rerouted to prevent fire. The well lies about 25 miles from the business district.
A record for rapid tanker construction will be set July 7 in Chester as oil shortages loom. The event highlights efforts to speed production of large oil tankers to ease eastern supply disruptions.
Wichita Kansas June 4 Dee R Lauck president of the Kan-
A district court ruling concludes Louisiana lacked authority to collect gasoline and lubricating oil taxes used in building army camps, affecting defense costs estimated between 100.6 million and 200 million dollars.
British author P G Wodehouse has been released from a German internment camp and taken a room at the Adlon Hotel in Berlin. Officials say he is completely free and continuing his writing he began while interned after capture in June 1939 at his villa Le Touquet France.
The listing outlines Thursday through evening radio programs across networks NBC MBS TSN and others. It includes time slots for The Sky Pilot Farm News The Breakfast Club News by Air Who's Behind the Mews Pepper Young’s Family Lone Journey Matty Malneck Orchestra Dixieland Strings and many orchestras and serials with multiple stations and broadcast times.
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