Worries Prove Too Numerous In Market Slump
New York stocks fell amid Europe tensions and Asian conflicts while rumors of a Western pact floated. The Dow Jones average slid 0.4 points to 40.5 with 634,900 shares traded. rails mostly edged higher while steels and chemicals led losses.
MENTIONED IN THIS ARTICLE
New York
Europe
Asia
Wall Street
Great Britain
Germany
Indo-China
Hull
Associated Press
U. S. Steel
Bethlehem
Chrysler
Woolworth
Douglas
United Aircraft
Caterpillar
du Pont
Dow Chemical
Union Carbide
Allied Chemical
Fastman
J. C. Penney
Westinghouse, Kennecott
U. S. Gypsum
Fort Worth
Dow-Jones
Fenner & Beane
Wheat Prices End Higher After Early Decline
Chicago markets closed with wheat up modestly as mills and traders bought on reports of drier yields and poorer late maturing wheat in the Southwest. July and September futures posted gains to midday highs before finishing near unchanged to fractional advance.
MENTIONED IN THIS ARTICLE
Chicago
Europe
Hoover
Germany
Great Britain
Closing New York Stocks
The Associated Press reports on June 26 in New York markets where stock trading closed amid late session activity. Financial results and corporate movements influenced indices as investors reassessed gains and risks.
MENTIONED IN THIS ARTICLE
New York
W York
The
Associated Press
San Angelo oil wildcat test portends high gravity showing
Floyd C. Dodson and Robert Wilson of San Angelo and Associates move 7 inch casing in southwestern Concho County to test a high gravity, sweet oil show at 3,753 to 3,756 feet. One barrel per hour oil with light gas reported. Location near Concho-Menard line, ten miles southwest of Eden. Cattle market active, strong.
MENTIONED IN THIS ARTICLE
San Angelo
Floyd C. Dodson
San Angelo and Associates
Robert Wilson
Concho County
Wildcat
Thos
Green Survey
Concho-Menard County
Eden
July Cotton Prices Rise Across Market and Spot Holders Pull Back
The July cotton delivery strengthens market support and pushes most futures higher by 6 to 19 points while spot buyers stay away except at steep premiums. New crop deliveries lag hedging and sales. spot markets in New Orleans and Galveston show varied gains with middling around 10.6 cents. Cottonseed meal futures in Fort Worth quote per ton prices from 12.00 to 33.00 with hulls near 11.00 to 12.00.
MENTIONED IN THIS ARTICLE
Fort Worth
New York
Jan Roe
New Orleans
Western Feeders Supply Company
Texas Mills
Cruiser Vincennes carries French gold to U S shores
The United States confirms buying French gold transported aboard the cruiser Vincennes returning from abroad. Officials refuse to disclose amount or acquisition details. The ship’s movements were concealed amid rumors of the shipment. A treasury daily statement shows a large jump in gold assets. A separate suit seeks receivership of Western and Southern Oil Corp over irregular securities sales and dividends.
MENTIONED IN THIS ARTICLE
Washington
U. S
Vincennes
United States
Navy
Treasury Department
U. S. S. Vincennes
Portugal
Brooklyn Navy Yard
Firr
Lisbon
BIG Spring
Western and Southern Oil Corp
William J. Fannin
William J. R. King
J. Ralph Stewart
State Securities Commission
Cecil Collings
Lumber Mill Workers Strike for Pay Hike
In Alamogordo New Mexico on June 26 employees of Southwestern Lumber Company walked out demanding wage increases. Company president Louis Carr threatened to close the mill after saying he could not meet union demands, with 143 workers on the picket line and up to 300 more lumbermen affected including independent loggers without a market.
MENTIONED IN THIS ARTICLE
Alamogordo, N. M
Southwestern Lumber Company
Louis Carr
Carr
Civil Appeals Update in Austin Rounds of Motions
Proceedings in the third civil appeals court include motions granted and dismissal of an appeal from Tom Green County. Highway Insurance Underwriters face Benjamin Calhoun as appellant. motion to dismiss granted on Calhoun’s appeal.
Gasoline Stock Drops as Refinery Output Rises
In the week ended June 22 the refining industry cut gasoline stocks by 384000 barrels while daily average crude production increased by 30250 barrels. Total finished and unfinished gasoline on hand stood at 97276000, with refinery gasoline output rising to 12085000 barrels for the period.
MENTIONED IN THIS ARTICLE
New York
U.P
American Petroleum Institute Today
Oklahoma
Illinois
Wyoming
California
United States
Hartley County 4-H Purchases First Chester White Gilt
June 26 4 H Club member Bobby Denman of Channing buys the first registered Chester White gilt for Hartley County as a 4 H project under County Agent J A Coleman. The gilt is designated for Bobby Denman as the club initiative.
MENTIONED IN THIS ARTICLE
Hartley
Chester
Hartley County
Bobby Denman
J. 8. Coleman
Bobby
Gasoline production hits U S weekly record in midyear demand
Tulsa reports the American Petroleum Institute says U S gasoline output reached 12 085 000 barrels the week ended June 22. Strong demand before the July 4 holiday and tax changes boosted sales of gasoline and kerosene while crude supply trends remained largely steady outside the air area. Local notes mention production holidays in Texas and new wells in Kansas and Mississippi and a shallow field opened in Louisiana Acadia Parish.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
United States
American Petroleum Institute
Texas
Gulf
Louisiana
Texas Railroad Commission
Centralia
Oil and Gas Journal
Kansas
Old Frog Mellow
Cowley County
Jefferson County
Forest City
Montague County
North Texas
Guthrie
Oklo
Wilcox
Acadia Parish
Oil Market Outlooks and Public Health Notices
Tulsa market notes report refinery pre diction at an all time high with ample gasoline stocks limiting gains. Texans and Oklahomans see steady motor fuels and mixed commodity tones as prices list gasoline 72-74 octane and kerosene ranges. A separate release warns campers about relapsing fever risk from ticks in shallow caverns and burrows near Texas and Oklahoma areas.
MENTIONED IN THIS ARTICLE
Tulsa
Houston
Vernon T. Lehnhardt
University of Texas
Sisup
Okla
U. S
Oklahoma
Texas
Doan
Taylor Undergoes Operation in Rome
Myrone Taylor, Roosevelt's Vatican representative, had a two hour operation in Rome for gallstone removal. Surgeon Dr Allan O Whipple and Prof Raffaele Bastianelli led the procedure. Mrs Taylor accompanied him and arrived from the United States two days earlier. The envoy had fallen ill in Florence before the transfer.
MENTIONED IN THIS ARTICLE
Rome
Myrone Taylor
Roosevelt
Vatican
Allan O. Whipple
New York
Raffaele Bastianelli
Italy
Taylor
Florence
United States
Also Mentioned on This Page
Amarillo
Texa
Standard Oil
J. Loft
Western Union
New York Central
Pennsylvania Railroad
Southern Railway
American Telephone
Packard
Glenn Martin
American Gas & Electric
Jones & Laughlin Steel
New York Shipbuilding Founders
Sherwin Williams
Gulf Oil
Creole Petroleum
Kansas City
NEW York Metals
East St. Louis
Sterling
Commission House
London
Colorado
Chicago Livestock
Denver Livestock
Denver
Oklahoma City
White Rock Springs
Am Cyan B Sin
Am Gas & el
Ark Nat Gas A
al Chem & Dy
Bath Iron
Allis Cham
Bell Aire
Brewst Aero
Am M & Fdy
Eagle Pich
Bond & Sh
Bly AT
Zinc L&s
Humble Oil
Aconda Serene
Lone Star Gs
At& Sef
Ning Hud
Atl Refining
Okla Nat Gas
Aviation Corp
Shipyds
Barnsdall
Bendix Aviat
Beth Steel
Borden Eetc
Budd Wheel
Calumet & Hecla
Cerro de Pas
Colum G&el
Comwith
Consol
Curtiss Wright
D—Douglas Aircraft
du Pon
el Power & Lt
Freeport Sylph
Gen Foods
Gen Motors
Curtiss-Wright
Goodrich Tehes
Steel
Goodyear
Gt Nor Ry Pf
Aire
MG Houston Oil Eee
Cornwith & South
Howe Sound Ree
Cont Motor R
Hudson
Repab Steel
Hupp
Johns Manville
Kennecott
Indus Rails
Lockheed Airc
Setee
Mid Con Petry
Montgom Ward
Aeons O
Nash Kelvinator
Nat Biscuit Eenee
Nat Dairy Pr
Nat Distillers
Nat Pow & Lt
BOND
North Ameria
Rails Indus
Pac Gas & el
ORK
Teeee
Panhandle P&r
Pan Am Railways
Penn RR Penney
Pet Corp
Phelps Dodge
Phillips Pet
Plymouth Ot
Pullman
Rem Rand
BONDS
Sears Roebuck
Shell Union Omi
Treasury
Simmons Sae
Socony
Brands Eee
al Seaee
Agi
Holc
Anne
Sora
Son J Sane
Stewart Warn
Stone & Web
Steel Os
Walgreen
Warner Br Il
West el & Mfg
Galveston
Coton
Crown Block Field Developments
Burlingame
Cal
William H. Berg
Standard Oil Company of California
Herg
West
News-Globe
Amerille
H. W. Clutter CO. P. & T. A
Amarillo, Texas
al F
Conoco
Mars
Continental Oil Company
Leleds Jas A
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