Speculative Buying Lifts Market Favorites to New Highs
In a fast session driven by speculative and investment demand, market favorites rose fractions to multiple points, hitting highs since 1937. Optimism from global news and political hints spurred buying as oil, motors, and utilities led turnover of about 1.7 million shares. Notable movers included Certain-teed, Willys-Overland, Studebaker, Chrysler, U S Steel, International Telephone, Deere, and Pan American Airways among others. Cotton and other commodities rallied late, while bonds stayed narrow.
MENTIONED IN THIS ARTICLE
New York
Willys-Overland
Studebaker
Chrysler
U. S. Steel
Youngstown Sheet
International Telephone
American Water Works
Deere
Oliver Farm
Curtis Publishing
Worthington Pump
American Prines
Pan American Airways
Amer Bros
Sinclair Oil
Pure Oil
Santa Fe
Amerada
Stone & Webster
Chicago
Markets at a Glance New York June 26
Stocks higher with broad demand. bonds narrow and rails mixed. Cotton firm as trade and commission houses buy. Chicago reports wheat firm and possible government support for cotton parity. rye firm with wheat. Hogs moderately active steady top 13.75 with good clearance. cattle steers and yearlings steady to slightly higher with top 17.40.
MENTIONED IN THIS ARTICLE
New York
Trade and Commission
Chicago
Cotton Gains Nears One Dollar Boost in Buying Surge
New York reports show cotton rising 75 cents to $1 a bale as traders and commission houses rush in amid talk government may buy raw cotton to ensure farmer parity prices. July futures hit seasonal highs, with New Orleans and Galveston quotes firmly higher on inflation fears and potential price controls.
MENTIONED IN THIS ARTICLE
New York
Trade and Commission House
New Orleans
New Oreans
Market Report: Top Fifteen Active Stocks in New York
Merrill Lynch reports the fif teen most active stocks in New York on June 26 with sales totals closing prices and net changes. Names include major finance and industrial firms reflecting mid year market activity.
MENTIONED IN THIS ARTICLE
New York
Wheat Futures Rise on Gov't Support Signals
Wheat futures rallied as traders priced in a possible government cotton purchase program to stabilize parity prices, with short covering amid uncertain legislation. Corn oats and barley also gained while winter wheat harvests surged in the southwest.
MENTIONED IN THIS ARTICLE
Chicago
Washington
Texas
Kansas
Oklahoma
Office of Defense Transportation
Market closing roundup with stock and bond movers
A stock snapshot lists Willys, US Lines, Stone & Web and others with percentage changes. Dow Jones closing average up 0.64 as rails and tiles rise. total stock sales reach 1,720,260 while New York bonds and curb listings show varied yields and prices.
MENTIONED IN THIS ARTICLE
DOW Jones
Livestock Futures Mixed as Hogs Steady to Slightly Higher
Kansas City reports hogs salable 5,500 with weights 180-270 lbs at 13.50, 280-350 lbs 11.50, sows 10 to 20c higher. Cattle trade slow with stockers 70 percent of receipts, steer and yearling prices 12.50 to 16.50, calves 12.75 to 13.00, and sheep trading slow with spring lambs lower. Chicago bids steady to higher on hogs, cows weak, calves steady, and sheep weak to lower with lambs trading around 14.00 to 15.25. Fort Worth notes sluggish cattle trade and mixed hog prices, top hog 13.65, sows 9.75 to 10.25, lambs weak, ewes steady. Wool futures slight gains. potato prices listed for several regions.
MENTIONED IN THIS ARTICLE
Kansas City
Chicago Livestock
Chicago
WFA
Fort Worth
Butylenes Diverted From Rubber To Aviation Fuel
Rubber Director Bradley Dewey announced 400000 barrels of butylenes would be diverted from synthetic rubber to high octane gasoline over the next two months to meet unprecedented aviation fuel demands from the invasion front. The plan will produce about 1000000 barrels of fuel for Allied air forces by September, with output kept up by a higher rubber plant production rate through July and August. Seven plants will feed butylenes to the program until Sept 1 including Cities Service Lake Charles Humble Baytown Neches Phillips Torrance Shell Sinclair Baton Rouge and Standard Oil of Louisiana.
MENTIONED IN THIS ARTICLE
Washington
Bradley Dewey
Dewey
Europe
Luftwaffe
Robert T. Patterson
Army
Navy
Cities Service Co
Lake Charles
Humble Oil and Refining Co
Baytown
Tex
Neches Butane Products Co
Port Neches
Caiif
Sinclair Refining Co
Houston, Tex
Standard Oil Co. of
Louisiana
Baton Rouge, la
Refinery Prices Stay at Ceiling in Midcontinent Market
Renewed demand for farm grade gasoline kept midcontinent refineries at pegged ceilings last week. transport difficulties eased, with spot tank car prices steady to unchanged across gasoline, kerosene, fuel oils, and industrial oils. Pedestrian fatalities skew older drivers, but those 65 plus are only 7 percent of the population.
MENTIONED IN THIS ARTICLE
Tulsa
Oklo
Service Wives Join Red Cross Program
A meeting at the USO Auditorium updates Amarillo Army and Navy wives on Red Cross activity. Mrs Wales Madden notes the need for more volunteers as 15 of 22 service chairmen attend along with guests Mrs Carl Connell and others.
MENTIONED IN THIS ARTICLE
Red Cross
Amarillo
Army and Navy
USO
Wales Madden
Army
Navy
E. Byron Singleton
Carl Connell
Potter County Red Cross
Bobbie O’keefe
Boo McDonald
Edith Ziriax
J. S. Burbage
John Bissell
Florence Neely
Burns Fatal For Clovis Woman In Truck Crash
Mrs Patricia Cook age 25 from Clovis New Mexico died in a Chickasha hospital from burns after the truck she rode in overturned and caught fire five miles east of Chickasha. Her husband S G Cook was hospitalized in fair condition after breaking the windshield to rescue her. Their dog perished in the blaze and four men aiding the rescue narrowly escaped injury as the gas tank exploded soon after passing. The couple were headed to Shawnee where Cook had a new sign painter job. he was recently discharged from the Army.
MENTIONED IN THIS ARTICLE
Chickasha
Okla
U.P
Patrica Cook
Clovis
N. M
Chickasna
S. G. Cook
Cook
Shawnee
Oklo
Allies Using Portable Bridge Details Revealed
Allied officials in London disclose the Bailey portable bridge design credited to Donald Coleman Bailey. The simple, modular system can be assembled by troops with a handbook, sections 10 feet long and 17 parts per unit, each heavy piece workable by six men. The piece is rolled as gaps close and can cross rivers.
MENTIONED IN THIS ARTICLE
London
Sizard L. Montgomery
Donald Colems
Bailey
Lend Lease Aims at Peace Time Russian Rebuild
American Lend-Lease officials plan to aid Russia in rebuilding damaged plants and shift to peacetime trade. The program suggests stopping war end shipments while continuing credit for long life items like electric generators to sustain employment and avoid a postwar production slump.
MENTIONED IN THIS ARTICLE
Washington
Russia
Also Mentioned on This Page
Galveston
Ofton
Globe News
Merrill Lynch
Pierce, Fenner & Beane
West Auto
Armour & Co Ween
At&sf
Anew
New Aviation Corp
Baldwin Loco
Bendix Aviation
Bethlehem Steel
Braniff Sheen
Briges Ee
Adeenee
Setae
Tel & & Tel
National Canaseee Ry
Cen Ryer
North Amer Av
Ohio
Packard
Pan Amer Airways
Paramount
Penn RR
J. C. Penney
Philleee
Plymouth Ot
Pure
Radio Corpee
Republic Steel
Remington Rand St. A
Shell Union Oileran
Southern Pacific Steel
Standard Brands A
Standard Oil Calif
Standard
Teee
Chicago Cash Grain
Cash Grain
Sarong Point
Houston
William C. Hardison
Tomorow
Hardison
Mexia
Wichita Falls
Humble
Corsicana
Manitoba
Red River Settlement
Dominion of Canada
Mary Montgomery
Dixie Dugan
Willys-Over
Int Tel & Tel
US Lines
Stone & Web
Phua
Columbas & el
Nor Pac
Curtis Pub
Woolworth
Nat Pow & Lt
Warner Bros Pict
NEW York Bonds
Cm&sp
C&nw
Thien
MKT
Stl SF
Am Cyan KB
Ark Nat Gas A
Cities Service
el Bond & Sh
Humble Oil
Lone Star Gas
Lt & Pow A. Si
Boston
California
Arizona Bliss
Louisiana Bliss
Annies Bliss
THE
NEBBS
U. S
Globe-News
Atlantic
Britain
South America
Florida
Johnson-Price
Fillmore
Southwestern
America
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