Wheat Down as European Crop Estimates Rise Prices Ease
European crop estimates and generous rains in Canada relieve drought fears, sending Chicago wheat futures down about 1 to 2 cents. Winnipeg quotes drop as world crop prospects improve while American and Canadian spring belts show favorable growing conditions. Cash grain markets display mixed bids with varying grades and regional receipts noted.
MENTIONED IN THIS ARTICLE
Chicago
Alberta
Saskatchewan
Canada
Winnipeg
Gulf of Mexico
Chicago Produce and Markets In Brief
Chicago staple markets report mixed results with butter and produce receipts totaling over 1.29 million pounds and various firsts and extras noted. Poultry, cheese, and retail items show steady to mixed activity while commodities in New York and Chicago metals, grains, and livestock fluctuate with July cotton and futures under pressure.
MENTIONED IN THIS ARTICLE
Chicago
U.P
Strong Leaders On Losing Limb
Stock market today saw several leaders retreat while a few gainers rose modestly. The market volume declined for a second day with transfers at 1,289,720 shares, and major names like Sears Roebuck and American Telephone fell while Johns Manville, Union Carbide, Dow Chemical and others advanced.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Santa Fe
International Harvester
Steels
U. 8S. Steel
U. 8 Steel
Bethlehem Off
Sears Roebuck
Douglas Aircraft
American Telephone
Kennecott
Great Northern
du Pont
Westinghouse
Eastman Kodak
Philip Morris
Johns Manville
Union Carbide
Dow Chemical
U. S. Gypsum
Owens-Illinois
Allied Chemical
U. S. Rubber
American Smelting
Soil Experts Probe San Jacinto Shaft Settling
College Station June 28 Mechanics of the soil researchers study the five story San Jacinto Battlefield monument near Houston to predict long term sinking. They expect the shaft to sink half as much in the first year as in 600 years and analyze soil properties to forecast the shaft’s life and their science’s role in 102 American colleges.
MENTIONED IN THIS ARTICLE
College Station
San Jacinto Battlefield Monument
Houston
San Jacinto
Washington Monument
Yearling Beef Prices Rise Across Five Markets
Yearling beef and other livestock values rise in Kansas City Fort Worth Oklahoma City Chicago and Denver reports. Cattle calves hogs and sheep show varied gains with top quotes reaching highs for yearlings and spring lambs while graders note steady to firm markets in several regions.
MENTIONED IN THIS ARTICLE
Kansas City
Choice
Fort Worth
U.P
USDA
Oklahoma City
Chicago Livestock
Chicago
U. 8
Denver
New Shallow Pay Levels Hit Kansas Pools
Operators report a new shallow pay level at Lerado pool Reno County and extended production in Silica south pool Barton County. A. R. Jones No. 1 Shepard yielded 173 barrels per day from Lan sing-Kansas City lime at 3,535 feet after a plug back, while the B-1 Bryant well in Arbuckle lime produced 1,347 barrels daily to extend Silica south pool westward. The Bax ter wildcat No. 1 in Russell County ran water at 3,429 feet and will be abandoned, located northwest of Donovan pool.
MENTIONED IN THIS ARTICLE
Wichita
Reno County
Barton County
A. R. Jones
Shepard
Indian Territory
Nec
Baxter
Russell County
Webb-Son Oil & Royalty
Donovan Pool
University Gets Grant for Texas Museum Project
Fort Worth June 28 approval of a 1 025 000 grant and loan for a museum at the University of Texas was received Tuesday at the regional Public Works Administration office.
MENTIONED IN THIS ARTICLE
Fort Worth
University of Texas
Regional Public Works Administration
Cotton Steady as Futures Trade Mixed at New Orleans
Cotton futures were steady while trading showed mixed moves with final prices up 6 points to down 1 from yesterday. July led activity with 8,500 bales notice, spot demand bought nearby and sold later months, and new crop options faced foreign pressure in the morning.
MENTIONED IN THIS ARTICLE
New Orleans
New Orleans Cotton Exchange Spot Closing Report
Spot cotton closed quiet and 5 points higher in New Orleans with 245 sales. Prices ranged low middling 7.40, middling 8.85, good middling 89.40. receipts 1,075. stock 679,193. In Galveston on June 26 spot cotton closed steady with 103 sales. prices listed for various grades from low ordinary to good middling and strict equivalents.
MENTIONED IN THIS ARTICLE
S Bonds
New York
Govyern Treasury
Eaag Ss
Stede
Ani Dow Jones
Allied Chemical & Dye
U.P
Dow Jones
Allis Chalmers
Allied Stores Soedereverese
American Locomotiv
American Power & Light
American Radiator
American
American Rolling Mills
Smulting & Ref
Anaconda Copper Wes
Armour & Company Beenee
Atchison Top & Stores
Atlantic Refining
Congt Tees Baldwin Locomotive
Baltimore & Ohio
Beneft
Curtiss Wright
Bly
Curtiss Wright +s
Nese
Douglas Aircraft
Dupont de Nemse Eweee
Deere & Co +theeee
Goodyear Te
Great Wes Sugar
Great Northern Rapid
Hecker
Toudaille-Hershey
Houston Oil
Hudson Motors
ms —_I
Industrial Bayonte
International Harvester
Johns Manville
K— Kennecott Copper
Longbell Lumber
Marshall-Field Tebe
Martin Glen L
Miami Copper
Mid-Continent Petroleum
Minneapolis
New Orleans
Galveston
Charges Mexico Has Fostered Discredit
Officials of Mexican Eagle Oil Company charged that the Mexican government is waging a deliberate campaign to discredit foreign oil interests to confiscate and retain properties. They said the senate public investigation into oil company irregularities lacks legal basis and aims to stir anti foreign sentiment.
MENTIONED IN THIS ARTICLE
London
U.P
Mexican Eagle Oil Company
Mexican Senate
Mexican Eagle
Gas Well Running Wild in Cement Field
Oil field incident near Chickasha Oklahoma as Olson Drilling No 1 Rigner released a fierce gas flow while trying to wash a stuck drill stem. State patrol was called to guard US 277 and manage gas seeping through crevices and around casing in nearby wells.
MENTIONED IN THIS ARTICLE
Chickasha
U. S. Highway 277
Olson Drilling Company
Here
Shutdown lifted on Saturdays for Texas oil fields
Texas railroad commission lifts Saturday shutdowns for July while keeping Sunday closings. Allowed July production set at 1 602 086 barrels with deductions for five Sunday shutdowns, estimated July daily average 1 359 192 barrels. Officials note progress but not enough momentum to lift both weekend shutdowns.
MENTIONED IN THIS ARTICLE
Austin
State Railroad Commission
Texas
United States Bureau of Mines
C. V. Terrell
Commission
Independent Nebras ka distributor seeks probe of gasoline marketing
George M. Tunison representing I. L. Coryell & Son, Lincoln, Neb., asks the Joint Legislative Executive Department Committee on Monopolies to investigate gasoline marketing. He accuses major producers of monopolistic practices to force independents out, alleging reduced production and stockpiling to squeeze independent refiners.
MENTIONED IN THIS ARTICLE
Washington
U.P
Nebraska
Joint Legislative Executive Department Committee On
George M. Tunison
I., L. Coryell & Son
Lincoln
Neb
Middle Western
Thurman W Arnold
Mexicans Picket Company Over Unrecognized Union
A Tampico dispatch reports unionized oil workers began a boycott of Mexican Gulf Oil Co as it refuses to recognize the union. The firm employs several hundred people and is noted as the largest foreign oil company not expropriated March 18 after the seizure of 17 other American and British firms. One ex-Mexican Eagle Oil employee union member declined.
MENTIONED IN THIS ARTICLE
Mexico City
Tampico Today
Mexican Gulf Oil Co
Mexican Gulf
Mexican Eagle Oil Company
Sequel to Oil Trust Trials Expected This Summer
Madison dispatch reports the federal government signals a sequel to the three months trial of Midwest oil firms on anti trust charges. About 30 individuals including oil executives were subpoenaed to testify before a federal grand jury convening in Madison on July 12. Executives from 16 companies convicted in January face sentencing if Judge Patrick Stone overrules a motion to set aside the verdict. A second indictment accuses acts to limit robbers margins under the Sherman act, with trials set for September 26.
MENTIONED IN THIS ARTICLE
Madison
Wis
Midwest
Herbert C. Hale
US. District Court
Patrick ‘T. Stone
Stone
Report on Crude Oil Stocks Decline in Week Ended June 18
The Bureau of Mines reports total stocks at 295,931,000 barrels, down 1,266,000 from the prior week. Domestic stocks fell 1,307,000 barrels while foreign crude rose 41,000. Weekly production averaged 3,155,000 barrels per day, up 5,000 from last week, with still runs at 3,100,000 and imports averaging 101,000 barrels daily.
MENTIONED IN THIS ARTICLE
New York
Salea
U. S. Rubber
Ss. Steel
Rad Ltd
San
Washington
Bureau of Mines
Allowable Under Advisement July Purchasers Questioned
The Kansas Corporation Commission adjourned as it considered the July allowable and estimated purchases by five major buyers. No final ruling was issued, and the commission awaits further data before decision.
MENTIONED IN THIS ARTICLE
Wichita
the Corporation Commission
Gulf Oil Drive Hits Mexican Deposits Blocking Utilities
Dispatch reports actions by unions to seize oil from Mexican Gulf deposits at Caracol and Zacamixtle. They also halted water pipelines, shut the San Geronimo railroad, suspended a sloop service, and cut telephone lines.
MENTIONED IN THIS ARTICLE
Mexican Gulf
Caracol
Zacamixtle
San Geronimo
Stanolind Crude Oil Purchasing Unit Liquidated
Standard Oil of Indiana announces liquidation of the Stanolind Crude Oil Purchasing Company to consolidate crude oil buying. Effective June 30, its assets transfer to Standard Oil Company of Indiana, which will then buy crude oil directly in former Stanolind areas except Texas. A. W. Peage to head the new buying department with Ralph Miler and A. L. Carlson in key posts.
MENTIONED IN THIS ARTICLE
Tulsa
Stanolind
Standard Oil Company of Indiana
Stanolind Crude Oil
Standlard Oil Purchasing Company
Standard of Indiana
Texas
Standard of Purchasing Company
A. W Peage
Standard At
Chicago
Ralph ©. Miler
A. L. Carlson
Pipeline firms contest 1997 earnings basis for intangible tax
Humble and Gulf pipeline attorneys challenged the 1997 earnings method used to fix intangible tax valuations. They argued 1937 pipeline gains were abnormally high and that potential rate reductions would lower future earnings. Assessments tentatively set by the board: Humble 20.36 million, Gulf 11.565 million. prior year Humble 10.67 million, Gulf 3.171 million. Claims seek more liberal depreciation and abandonment allowances.
MENTIONED IN THIS ARTICLE
Austin
U.P
Humble
Gulf Pipeline
State Intangible Tax Board
Gulf
Market crude output rules adjust to 172000 bpd estimate
Bureau of Mines projects crude market requirements would drop from 8 to 33 percent. June allowance set at 160000 barrels daily, later changed to fit purchaser needs.
MENTIONED IN THIS ARTICLE
Bureau of Mines
Daily Oil Production Declines Across United States
The Oil and Gas Journal reports a weekly drop of 58,716 barrels in U S production to 3,079,389. Oklahoma leads declines from 446,050 to 408,450 barrels, with Texas down to 1,188,193 and Kansas down 7,000 to 152,975. Louisiana slips to 258,630, Arkansas up 4,000, California down to 665,000, New Mexico steady at 90,690, Rocky Mountain region up to 72,240, with Michigan and Eastern fields steady.
MENTIONED IN THIS ARTICLE
Tulsa
United States
Oil and Gas Journal
Oklahoma
Texas
Kansas
Louisiana
Arkansas
California
New Mexico
Rocky Mountain
Michigan
Kansas Sets 165000 Barrels Daily Allowable for July
The corporation commission fixed Kansas July allowable at 165000 barrels daily and warned purchasers this figure provides no basis for proration or discrimination. The July market demand includes 7300 barrels daily, with 5000 more than June’s adjustable limit.
MENTIONED IN THIS ARTICLE
Wichica
Corporation Commission
Kansas
Its No Surprise Youre Constipated All Bran Cure
A reader advised constipation relief through dietary bulk from Kellogg s All-Bran. It promotes daily consumption with water and a positive life outlook, noting All-Bran is produced by Kellogg in Battle Creek and sold by grocers.
MENTIONED IN THIS ARTICLE
Kellogg's
Kellogg
Battle Creek
Alamosa 611 Liquidating Dividend Notice
Stockholders of the Alamosa 611 Company liquidated in 1946 are informed the final dividend of 3.35 per share is payable on Wednesday July 6 to holders of record July 1998. Claims may be mailed or presented at 112 East 5th Street Amarillo Texas for endorsement before delivery. Trustees Nobles and Neely sign.
MENTIONED IN THIS ARTICLE
Alamosa 611
HM. T. Neely
East 5Th Street
Amarillo
Texas
D. Nobles
H. T. Neely
Also Mentioned on This Page
Europe
Cash Grain
E. A. Pierce & Co
Standard Statistics Company
Sapir
NEW York Stock Exchange
Amarillo Building
American Maracaibo
Humble Sever
Lockheed Aircraft
Niagara Hudson Power
Pantepec Oil Co
Te Bse Teees
Sunray Oil Tet
Orabev Tvesew
EOC Oways Aves
Frederick Gardner
North American Aviation
North American Co
Northern Pacific
Ohio
Otis Steel Staee
Packard Motors Weales Bene
Paramount Pictures
Penney Co J C
Pennsylvania RR
Petroleum Corp
Phillips Petroleum 291
Pittsburgh
Screw & Bolt
TM Pullman Company
E Radio Corp B
Remington Rand
Keith Orpheum
Reo Motors
Aerie
Republic Steel
Reynolds Tobacco
Schenley Distillers
St Joseph
Seaboard
Servel Ine
Simmons Coweer
Skeley Oil Saaeee
Socony Vacuum Ee
Southern Pacific RR
Lal Southern Railway
Teetes
Indates
Ltd Oil
N J Fees
Stewart-Warner Wee Bl
Stone & Websternes
Big Studebaker
United Air Lines
Bman United Corporation
United Gas Improvement
Steel
Warner Bros Pictures Sasee
Western Union Cheese
Westinghouse Electric
Wilson & Pecos Ny
Woolworth Oe
Yellow Truck &Coach
One Fame
Zenith Radio
University Gets
Amarillo Rubber Stamp CO
L. C. Whitney
Cotton Exchange
Mexico
Irilly
Your Highness
Balkam
Ibrahim
Fez
Ol’ Barney
Daffodil
Mickey and
Goofy
Kmat
Ol’ Wesse
Sofy
Meebe
Warr
Nety
Dixie
MX Eng
Bela Lansa
Martin
THE
Pastime Athletic Club
Flash Dugan
Steve
Baloney
Dugan
By L. Allen Heime
MARTIN / LA DEES
Joe Lacer
Oil Trust
Stanolind Co
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!