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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 29, 1935
Page
7
Widespread speculative buying sent wheat futures to the day’s limit up as black rust threatens the spring and winter crops. Nebraska losses are estimated at 5 to 10 million bushels, while Chicago cash grain reports show various bids for No. 2 yellow hard and red wheats and related commodities.
Wheat demand strong at Fort Worth with high bids for No 1 hard and variety of sorghum and kafir grades. receipts listed and delivered points noted. Kansas City shows mixed wheat and corn prices with near term futures activity and No 2 white and yellow basis, with oats unchanged to higher.
U S Department of Agriculture reports a 20 percent drop in the spring pig crop of 1935 from 1934 and a smaller number of hogs over six months old on June 1. The June 1 forecast shows a 19 percent rise in sows to farrow in fall 1935, but a 10 percent fall in total 1935 farrowings.
Chicago reports mixed produce prices and ample receipts. Eggs show fresh graded firsts at 28 to 28.4 cents, current receipts 22 percent, dirties 20 percent. butter trends include extra firsts at 28 cents and various grades. poultry steady with mixed prices for hens broilers and fryers. cheese prices list Twins Daisies Longhorns with cents per pound.
Copper steady with spot and futures near 8.00 and 7.20 to 7.25 for exports. Tin stable at spot 51.80 and near term 1.30. Lead steady at New York 4.09 to 4.10 and East St. Louis 3.85 to 3.95. Zinc and aluminum range noted, antimony at 12.75.
Call money steady at 14 percent all day. Time loans steady with 69 90 day offers and 4 6 month at 14 offered. Prime commercial paper at 3 percent. Bankers acceptances unchanged. Rediscount rate at New York reserve bank 14 percent.
Fort Worth Texas June 28 producers report poultry prices with spring chickens at 14 to 20 cents, hens 9 to 12 cents, turkeys 10 cents, turkey hens 11 to 11 cents, eggs No 1 candied at 5 70 to 5 75, and butterfat at 18 cents.
Amarillo markets list basis carload deliveries to Texas common points and local grain and produce prices. No. 1 and No. 2 wheat quotes, oats and potatoes per bushel or per 100 pounds, various poultry and egg items with prices, plus turkey weights and other farm products.
Cattle markets in the Midwest showed a steady to firm trend as supplies were tight for testing. Grass-fed slaughter cattle moved more this week while native grain-feds remained light, with eleven markets reporting about 12,900 receipts and hogs opening fairly active but closing softer. Chicago and St Louis posted top hogs at 9.75, and spring lambs drew demand with prices near 15 cents higher. Kansas City results noted 7,000 hogs with tops to 9.25 and cattle around 8.25 to 11.75 for various weights.
Chicago livestock market report shows 9,000 hogs with direct sales up to 10 cents higher, prices 200-230 lb hogs at 9.60 to 9.75, 280-340 lb at 8.60 to 9.65. Cattle and calves steady to firm with steers 550-1500 lb at 9.25 to 12.75, heifers 500-750 lb 8.75 to 11.00, cows 6.50 to 7.75. Sheep about active with spring lambs 8.50 to 8.75, lambs up about 15 cents.
Fort Worth market summaries show hog prices up with top at 9.10 and good to choice weights at 190 to 286 pounds. Cattle totals include 1,800 head with slaughter steers and cows advancing. calves and bulls present with varied prices. Sheep activity features steady to strong bids on killing classes and spring lambs bringing 5.25 to 6.50.
Market notes from Los Angeles show cattle steady to uneven with 600 head mostly plain quality and fat cattle at 87.35 to 75 for steers to feeders and 5.75 for plain grass heifers. Calves weak with vealers 9.25 to 10.50, heavy calves 5.75. Sheep and lambs 2 600 head. spring California lambs 7.85 to 8.00, deck lambs 7.00, ewes and yearlings steady, wethers 5.00, ewes 1.50 to 2.50.
Cattle 390 head including 100 calves steady. beef cows 4.50 to 5.25. vealers 6.00 to 7.50. top 8.00. Hogs 206 head. butchers mainly higher. top 9.15. lots 190 to 250 pounds 9.00 to 9.15. packing sows 7.25 to 7.85. Sheep 100 head. native spring lambs up about 10 cents. top 7.85. better natives up to 8.35.
Oklahoma City cattle numbers noted with 1 200 head cattle and 300 calves. Prices range from top $8.00 for cattle to bulk $5.50 7.50. beef cows $5.00 5.50. grass fed cows $4.00 75.00. butcher heifers $3.50 4.50. calves slow with top $750 bulk $5 006.50. Hogs active with top $9.15 bulk $8.75. medium fleshed hogs $8.25 8.50. packing sows $7.40 7.65. Sheep 800 head, higher top $7.96 bulk $7.08. woolled yearlings $6.00 6.50.
U S C A report from East St Louis notes hogs at 5000 head up about ten cents with tops at 9.75 for 170 to 230 pounds and lighter weights around 9.30 to 9.50. sows at 8.25. Cattle count 1800 with vealers 8.25 and cows from 4.50 to 5.75. yearlings and calves mixed grades 5.00 to 9.75. Sheep 2500 with no early sales and about steady trend.
Denver cattle market slow but steady with beef steers 8.00 to 19.00, cows and heifers 5.00 to 9.65, calves 5.00 to 10.50, bulls 5.06 to 5.75. Hogs steady to higher top 9.20, packing sows 8.00, pigs 8.50. Sheep 8,490 head, fat lambs 7.75 to 7.90, ewes 2.00 to 8.50.
Omaha Neb June 28 Hogs 2000 head top 9 15 bulk 9.00 to 9.15. Cattle 700 steady bulk steers 28.75 to 47.10. heifers 8.00 to 9.00. veal up to 3.00. Sheep 8.00. lambs and yearlings steady to higher, other classes scarce.
In Amarillo top hogs at 190 pounds and up bring 8.75 dollars per hundredweight with bulk hogs 180 to 240 pounds at 8.50 to 8.75. Packing hogs 275 to 350 pounds quoted at 7.00 dollars. Cudahy Packing Company price reference included.
New York sugar quotes were unchanged with spots at 3.29 and futures at 3.35. Refiner interest formed below 3.35 but buyers did not concede and no sales were reported. Early futures gains erased by liquidation. No. 3 and No. 1 contracts finished near unchanged with sizable tonnages traded.
New York June 28 share prices edged higher in moderate trading. Demand came from various quarters including a plea by Representative Middleton of Alabama for regulation not destruction and a bullish tilt from a wheat rally due to crop damage. The market rose .5 to 44.2 on the AP average of 60 stocks, with 755,630 shares traded. Freight car loadings fell 1% for the week ending June 22 amid lower coal shipments after the June 15 strike settlement. Retail sales were seen 5 to 20 percent ahead of year-ago levels according to Dun & Bradstreet, signaling greater willingness to buy.
New York curb market shows moderate improvement with dull start then buying as short covering boosts activity. American Gas climbs about a point. Lake Shore Mines Sunshine Swift & Co. and Bunker Hill & Sullivan gain 14 points or more. Standard Cap & Seal advances 2 1/4 points on light volume.
Report lists the fifteen most active stocks with closing prices and net changes. Notable movers include Cerro de Pasco up 57 percent and North America up 114 percent, with General Motors, US Steel, and General Electric among the leaders.
Markets in Brief reports stock firm with gains for alcohols and specialties, bonds steady, utilities advance, and foreign exchange higher as gold currencies rally. Cotton firm on poor crop outlook. sugar higher amid improved demand. Coffee irregular with trade buying. Chicago wheat strong due to scarce black rust. corn higher with wheat support. Cattle steady. hogs steady to 10 cents up.
New York reports buying by trade and commission houses lifting cotton about one dollar per bale. Resistance light, demand rising on firm old crop outlook and Southwest crop worries. October futures to 11.56 as New Orleans market gains 19 21 points with July at 11.83. Exports and port stocks rise season totals and trade activity increases spinners demand amid tight spot market.
The Liverpool market shows 6,600 bales with 4,000 American, demand improving and prices up five points. Quoted levels include American strict good middling 7.35, good middling 7.05, strict middling 6.90, middling 6.85, strict low middling 6.75, low middling 6.50, strict good ordinary 6.20, good ordinary 6.00. Futures closed steady with July 6.42, October 6.10, December 6.01, January 6.00, March 5.99, May 5.97.
Boston reports fairly active trade in 64s and finer wools with French combing near 70 cents, average combing 68-70, and short combing 65-67 on scoured basis. clothing and inferior wools steady at 62-65. mohair in moderate demand and firm. The Commercial Bulletin notes little net change week over week, pulled wools up due to government orders, western buying steady near peak, and foreign markets stronger. Enolonee details follow with secured basis prices for various Texas, domestic, and imported grades.
Galveston spot cotton trading closed steady with 15 points gain as prices ranged from low ordinary to strict good middling levels. Sagacious buyers watched, with 677 spots recorded and values per 15-16 inch fiber noted across several grades from low ordinary to middling and above.
New Orleans Spot in New Orleans on June 28 closes steady twenty points higher with low middling 11.45 and middling 12.20. Receipts reach 554 and stock 358167, while sales total 578 and goods assessed at 12.65 for good middling.
In New Orleans on June 28, cotton oil futures rose with July at 9.58b, September 9.48b, October 9.70b, December 9.72b, and January 9.65b. Prime summer yellow quoted 9.50 to 9.65, crude nominal.
Western feeder's supply company quotas show cottonseed prices in Fort Worth Texas for June. Prime loose hulls cost 12.00 to 14.00 per ton, prime cold pressed seed 29.00 to 30.00, and prime cracked screened meal and cake 43 percent protein 33.00 to 35.00 per ton.
Amarillo District 1 Boy Scouts will hold a benefit sale at 502 Polk Street to cover travel costs for troop representatives to the National Jamoree in Washington DC. Cafeteria lunch is 11 to 1 with other foods available all day. items include cakes pies sandwiches and roasts. proceeds go to District 1 troops 2 3 8 and 13. Mothers of scouts are baking and serving.
Religious study stresses responsibility to others over personal liberty. Romans 14 1 Cor 8 13 guide Christians to avoid actions that may cause a weaker believer to stumble. The essay argues against liquor and urges abstinence to protect community welfare and promote peace and edification.
A hostess should mention activities like golf or tennis in weekend party invitations. The parent with whom the bride live should send wedding invitations after a divorce. A formal dinner menu should include five or six courses plus coffee.
The text presents three items from a language column by D C Williams. It includes a question about a sentence, a query on pronunciation, and an incomplete third item. The fragmentary nature suggests a teaching brief with exercises.
A $600 relief fund from the American National Red Cross will buy seed for Floyd County storm victims. About 200 families whose homes and crops were ruined by the June 19 hail and wind storm will qualify. Disaster relief rep Miss Ann McMechen surveyed the area, with E. C. Nelson directing distribution. The storm affected 300 sections across Briscoe Floyd and Crosby counties, with Ralls reporting the heaviest losses.
The text lists meanings and clues. It defines specter as a visible disembodied spirit and insinia as insignia. It includes mis-spellings and phonetic hints for words like monopoly monologue monastery and amphi-thea-ter with a stressed third syllable.
Funeral services were held here Wednesday for Mrs. Millie Anne Sain, 83, who died in a Memphis hospital after several weeks of illness. Survived by her husband, three sons and three daughters, all but one of whom live in the city. Interment in local cemetery with Rev. Jones of the Memphis Assembly of God Church presiding.
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