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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 29, 1932
Page
9
Wheat values rose as meager newly harvested arrivals sparked speculative buying to limit potential losses from rains. Prices closed firmer with July at 47 1/2 to 49 1/2 cents and deferred contracts, while corn oats and rye showed mixed gains and losses amid strong shipping demand.
Chicago cash grain prices show wheat varieties at 48 1 4 to 50 1 4 c and corn around 80 4 to 84 4 c. Kansas City bids rise across grains with No 1 dark haired specialty and No 2 yellow and white grades near 42 to 38 c, oats steadier with No 2 white around 21 to 22 c.
Wheat strong demand with No 1 hard priced at 53 14 to 61 4c under Fort Worth rules. Barley No 2 at 21 83 cents, Sorghum No 2 at 73 8 to 74e, Corn No 2 at 41 44 to 42 14 cents, No 2 white 42 to 42 14 cents, No 2 yellow 48 14 to 49 4 cents. Oats No 2 red 20 42 to 14 cents.
Local grain and produce houses quote prices for wheat, Milo, oats, capons, leghorns, ducks, hens, and eggs. Also listed are barley, poultry items, and fresh egg markets in Amarillo with delivery notes and regional price references.
About 80,100 cattle offered across eleven markets with demand firm. Chicago set a season high at 8.40 for steers averaging 1469 and 1206 pounds, with many loads in a 7.65 to 8.25 range. Hog prices rose modestly while lambs and yearlings showed steady to higher trends across regions.
Fort Worth and Oklahoma City markets report cattle and hog prices with steady to higher trends. Fat steers to $6.00, grass cattle mixed, hogs up to $4.45, lambs around $5.10, stockers steady, calves uneven, bulls and vealers mixed across Wichita and St. Joseph regions.
Trading activity remained light with refined sugar steady at 3.90 while Cuban exports moved to outport refiners at 2.90 for July shipments and 2.85 to local refiners for first-half duties. Coffee markets showed inactivity with slight demand, while foreign exchange quotes varied by country.
Boston June 28 Wool trading shows gradual broadening with sales closing on 64s and finer combing wools and 68-60s territory wool. Prices for 568 territory combing wools ranged 80 to 82 on a secured basis. Other lines hold steady vs last week as business volume remains small but more small orders give a cheerier tone.
Stocks swing erratically on dividend news and May earnings for rail carriers. The 90‑share composite ends unchanged as the market remains focused on financial district developments and tax changes. Freight loadings rise amid anticipation of higher excise taxes, while rail earnings lag April levels.
Near month liquidation in cotton absorbed today after July notices circulated, with prices steady in New York after intraday swings. December held near day’s end. New Orleans and Galveston spot prices remained steady. curb activity in New York muted as traders weighed notices and consumption estimates.
Denver stock market data for cattle hogs and sheep on June 28 shows receipts cattle 650 hogs 1650 sheep 3200 with steady to firm prices. Beef steers 5.00 to 7.00 cows and heifers 3.00 to 6.50 hogs top 45 bulk 4.00 to 4.45 packing sows 2.50 to 3.25 pigs 2.60 to 3.00 fat lambs 4.00 to 5.75 ewe 1.90 to 1.76 butcher hogs 160 to 230 pounds quoted at 83.75 in Amarillo.
The market reports mixed activity across sectors. Stocks show irregular leadership on dividend news while bonds hold steady. commodities like cotton and sugar trend lower with weather affecting prices. coffee and wheat firm on crop conditions. corn improves with bullish weather, cattle steady to strong and hogs active and higher.
The board of governors granted a holiday for this weekend. The exchange will be closed Saturday and Monday. Trade figures and commodity notes referenced cottonseed prices appear in the missive for June. No further details on the plan or affected services provided.
Oil and Gas Journal reports show California output fell from 479 500 to 460 000 barrels daily and Oklahoma from 452 985 to 426 435, dragging national production from 2 192 421 to 2 149 881 barrels per day. Texas rose slightly to 868 174 barrels, East Texas steady at 331 812, Kansas up to 98 235, Eastern 121 000, Rocky Mountain down under 600 to 80 273.
W. S. Farish president of Humble Oil says enacted cooperation between government and oil sector would let physical and economic laws function with less restraint. He warns lack of steps could push government to radical controls, voiced in The Lamp published by Standard Oil of New Jersey.
Kilgore Texas June 28 W R Sims trucking contractor was arrested on a charge of stealing more than 600 barrels of oil from the Knowles No 1 well in Kilgore. He waived preliminary hearing and is held on 1000 bond. The oil was loaded on a railroad tank car and the case will go before a grand jury at Longview.
Discovery Night at the Mission Theater will be held tonight instead of Friday. Seven local entertainers have signed up and a good program is assured, said city manager Will R. Winch of Publix- Paramount Theaters. Week Ends Only with Joan Bennett and Ben Lyon will be shown with the stage show. no advance ticket prices.
Florence Vidor, wife of Jascha Heifetz, gave birth to an eight pound boy Saturday at a local hospital in Hollywood. The newborn adds a son to the renowned violinist and actress’s family.
The Texas Railroad Commission will retain a 51 barrel per well daily limit for East Texas oil but drop the 325,000 barrel daily field cap. The order, effective July 1 for 60 days, allows a hearing if output threatens waste. otherwise it remains until September 1.
A closed meeting of operators opposed to further reduction in the pet well allowance for the Gulf Texas field was in progress in Dallas Texas. Carl Estes of Tyler is cited in connection with the report from the newspaper.
An editor, calling from Chicago, reported major oil firms were pressing the Texas Railroad Commission to lower the East Texas proration basis from 51 barrels per well. Captain J F Lucey of Dallas, head of the Fast Texas oil and gas committee, said operators oppose further cuts until Yates and Gulf Coast fields are properly prorated.
Thayer Moursund aged 18, son of Dean W. H. Moursund of Baylor Medical School, Dallas, died after a three day illness. Funeral plans were not disclosed.
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