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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 27, 1935
Page
10
Chicago market report shows wheat firm on rains and storms from Kansas, with mixed changes in corn and oats. Cash grain in Chicago and Fort Worth reflects strong demand for wheat, plus varied prices across red, white, and barley categories. Kansas City lists higher oats and corn futures with multiple delivery months.
June market reports show steady to firm conditions across fresh erode firsts, poultry, and dairy. Chicago notes strong poultry tone with rising receipts. Fort Worth and St. Louis report similar price ranges and standard quotings for eggs cheese and butter.
Moderate wool flow at Roston with 64 percent and finer types steady from last week. French combing wools around 72 cents, 64s and finer secured at about 5 cents, odd lots scarce. prices around 7-68 cents for larger lots. Albion pool of 28,000 fleeces sold to Winston Company, Boston, at 283% at Belle Fourche.
New York coffee market moved in a narrow range as trading centered on trades and professional accounts. Santos futures closed mixed with July 9 percent, other contracts offset by small gains and declines across July September December March and May maturities. Spot coffee remained dull with little activity.
Receipts show new wheat and grain prices including No 1 and various grades. Poultry items list colored hens and springers with prices, plus turkey quantities and prices. basis cars and lots delivered to Texas common pointe are noted amid scattered figures. Public markets reflect commodity prices and livestock offerings with scattered OCR errors.
Midwestern markets show partial price gains for high grade red steers and yearlings while light yearlings and stockers stay unevenly steady to 25 cents higher. Common to medium cattle trade slowly. Chicago top for choice Nebraska steers at 12.75. Kansas City and St. Louis pricing mixed amid steady to lower hogs and varied lamb demand.
Regional livestock market notes show Fort Worth hogs mostly lower with steady calves and cattle gains, Los Angeles reports slow cattle trade and steady hogs, Oklahoma City lists steady cattle and light calf gains, Omaha records lower hogs and steady cattle, Wichita reports mixed cattle and hogs with lambs steady. Prices span top hogs around 9.50 to 10.00 and cattle under 8.00 for many classes.
Market report shows cattle and sheep trading with varied demand. Cattle prices in St Louis mixed with lighter weights steady to strong, veal and native steers in light supply. sheep and lambs steady as early kids decline. Other items include New York money markets with call money at 3.4 percent and bank acceptances unchanged.
Cotton quotients unchanged and quiet as reports persist of a possible advance next month. New silks for fall offered at higher prices with larger consignments. Wool goods unchanged and steady as borlaps hold firm in the market.
Wall Street held a cautious tone as tax politics from Washington unsettled traders. The Associated Press index fell about 0.5 points with a closing read of 43.8 as industrials and rails drifted lower while a few blue chips slipped. Turnover eased to 964,180 shares with some gains in utilities muted by a weak dividend backdrop.
New York stocks eased with late selling amid uneven demand. Bonds showed irregular activity while utilities traded mixed. Foreign exchange weaker for most currencies. sterling remained resistant. Cotton steady with New Orleans buying, sugar and coffee mixed on Wall Street. Chicago wheat rose on harvest delays, corn higher on worsening field conditions. Cattle steady to weak with top weighty steers at 12.50, hogs moderately active and about 10 cents lower at 9.50 top.
New York stocks show mixed moves as listed firms report varying changes. Radio leads gains with up 614, while General Motors and Chrysler show declines. North American and Sorong Vacuum drop. other names including Union Gas and Int Tel & Tel move lower or steady in mid session activity.
New York cotton prices rose with July liquidation absorbed and covering bids lifting markets. New Orleans cotton finished mostly higher as weather and government policy weighed, while Liverpool cotton remained steady with futures closed firmer in July and October contracts.
Galveston spot cotton closed steady five points higher with grades from low ordinary to strict good middling listed and sales none. New Orleans spot closed steady with gains. low middling 11.20, middling 11.90, receipts 795, stock 368,839.
Cottonseed oil futures in New Orleans closed steady with July at 9.30, September 9.43, October 9.44, December 9.34, and January 9.38. Prices for prime sums included loose hulls at 3127.00, crude and cold pressed seeds around 29.00 to 30.00 per ton, and cracked meat and cake at 23.00 per ton with 4% protein.
Copper, tin and aluminum quotes shown with spot and futures values. Copper futures around 7.30 while tin firm near 51.50 to 61 futures and iron, lead steady. East St. Louis trading with firm and dull notes. antimony price about 12.73 with mixed activity across metals markets.
In New York on June sixth market reports show silver at 6914 cents per ounce with a rise noted in related prices while overall values remain steady.
In New York on June 26 foreign exchange was firm with Great Britain at 4.94 dollars per pound and 60 day bills at 4.9214. Cables showed 4.94 for Britain and other nations quoted in cents with varied bids and asks across France Italy Belgium Germany Holland Norway Sweden Denmark Finland Switzerland Spain Portugal Greece Poland Czech markets.
Judge T M Kennerly issues a permanent decree enjoining Artex Refineries Sales Corporation and four others from shipping 93 208 barrels of East Texas oil in interstate commerce. The ruling upholds the Connally hot oil act amid prior constitutional challenge and names Gulf Oil Marketing, Deepwater Oil Terminals, Seaboard Tankers, and Pompano Oil Terminals.
In Hidalgo County Texas on June 26 a Union Sulphur Company test well for the American Rio Grande Land and Irrigation Company was being set up by crews. The operation proceeded in the field, marking a step in the exploration program.
Center ville June 26. Killough and Tucker report their No 1 Lee well in Leon County running satisfactorily. Operators stay optimistic for an oil producer, noting the test is 64 feet deeper than the Shell No 1 Lee and expect further depth.
General revenue of Texas rose by 36703 from selling 91807 barrels of confiscated oil in a suit against Ocean Petroleum Company. The sale brought total confiscation revenue to 93049, claimed by Roger Lacy of Gregg County from Receiver Q C Taylor in Austin.
A wildcat oil test in northeastern Waller County was shut down as a failure. Diadem Oil Company completed the test in 15 days but found salt water at the top of the Conroe sand at a depth of 4,874 feet.
Two newly tested wells in the Dickinson field join the proration list. Humble Oil and Refining Company E. E. Townes No. 1 produced 22 barrels per hour through a quarter inch choke. Fugger No. 1 yielded 26 barrels per hour through a half inch choke.
Garland Clymore says the Clymore Company Inc. will relocate its headquarters from Corpus Christi to Houston immediately. The move announced today impacts the oil firm's operations and regional presence.
Daily allowable production in the East Texas field rose by 2,863 barrels for the week ending June 23. The period saw 112 new wells completed, lifting total completions to 17,747 and marginal wells to 2,937. The overall allowable increased from 466,334 to 469,197 barrels and field capacity to 13,482,020 barrels.
The Texas Third Court of Civil Appeals applies a state supreme court ruling limiting the Railroad Commission's power to grant exceptions to Rule 37 spacing for oil wells. Atlantic Oil Production must show need to prevent confiscation to gain an exception for a third well on a six acre East Texas tract, while Humble Oil and Refining Co faces limits on an exception to drill on a strip.
Trade figures list several country rates with numeric values alongside cities and regions including Osovakia, Yugoslavia, Austria, Hungary, Romania, Argentina, Brazil Spain, Tokyo, Shanghai, Hongkong, Mexico City, Montreal in New York, and New York in Montreal with percentage-like figures and a note nNominal.
In Rusk area operators resumed work on the Wood and Young No. 4 test near New Birmingham. The 2,640 feet long casing is 80 feet wide and part of an 180 acre plot that was set aside. If the test fails to yield oil, operators will pull the casing and core deeper. Yesterday they attempted to wash in the well but were unsuccessful.
Federal Judge Randolph Bryant weighed a suit by the Utah Refining Co of Tyler and five other East Texas refiners challenging the Connally act as unconstitutional. The complaint argues violations of the fifth and tenth amendments.
Dr. Sershron of Paris proposed the double barred cross as the tuberculosis emblem and it was officially adopted in 1902.
Mrs Evelyn Sears about 40 prominent Houston club woman died today at her home. She was wife of George D Sears a widely known figure in legal political and civic circles. Sears general counsel for the Houston Oil Company and a colonel in the Texas National Guard. She was known in golf circles throughout the state.
PWA engineer Julian Montgomery announced that Refugio Texas secured a 36000 grant for a new city hall. The contract for construction was awarded to Crowell & Weaver of Corpus Christi.
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