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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 30, 1934
Page
6
Puff the locomotive contemplates a bold act to save the train. He hesitates then resolves to try a risky move despite fear. The engine remains ready to depart as Puff whispers he must do his part.
Chicago markets show losses on June 29 as cooler weather and moisture relief curb buying. Corn leads declines with futures down from prior close and wheat and oats also weakening. Traders note government survey hints at 156 million fewer pigs and cattle, shrinking feed demand. hogs curtailed but price moves muted. Fort Worth and Kansas City cash grain also report weaker bids across corn, wheat, and oats.
Raw sugar remained firm at 2.15 with Cuban sales showing slight advances in later positions. Details include 16,900 Puerto Rican bags for prompt shipment and 36,000 for Port at 3.15, Cuban 16,000 for July at 3.18, 25,000 for local refiners at 3.17, and 25,000 for August ship to an outport refiner at 3.22. Futures closed 1 to 2 points higher. Coffee market quiet and steady with Santos down early then modestly off. Sales total about 9,000 in No. 7 and various Santos and Rio quotations listed.
The list shows interbank quotes for major currencies on June 29 with Great Britain at 5.0514 dollars, France 6.60, Italy 8.5614, and numerous other nations including Belgium Germany Sweden and Spain. Commodity and regional notes include Tokyo 30.00 and Shanghai 94.25 with Montreal references.
In New York on June 79 4R bar silver rose 4 cents to 46 4R per ounce as buyers held positions and after brief activity, prices remained firm.
Amarillo markets report carload wheat receipts at 122 cars and various grains with No. 1 and No. 8 white offerings. Prices show f o b shipping point terms and trucking rates. Poultry prices list leghorn hens and chicks with per case or per pound quotes and notes on shipments.
Midwest livestock report shows light trade with 34,000 cattle receipts across 11 markets, including 17,900 government head for refund. Cows steady to 25 lower. hogs active with gains to 5.05 top in Chicago. sheep and lambs mixed with steady to weak prices. Cattle and calf totals for Kansas City and Chicago reflect varied demand and prices across weights and classes.
Fort Worth scales show hogs steady to higher with top 4.80 and bulk 3.75 to 4.75 for 175 to 275 lb lots. cattle and calves mostly steady with short fed steers around 5.26 to 5.40, erasers and grassers varied, good fed yearlings 5.75, cows and bulls mixed. Sheep and lambs steady to higher with spring lambs 6.50 to 7.70 and fat yearlings around 4.50 to 5.00. market poorly tested for stockers lingering near lower ranges.
Hogs none quotably steady. Cattle 300 with trade about steady. Load 1104 lb fed steers $5.10. long fed light steers and yearlings around $7.00. Calves 275 slow weak to slightly lower. good to choice weaners about $7.01. medium to good $5.50 to $6.25. Sheep 250 ewes weak to lower. shorn lambs 114-126 lb at $3.00. spring lambs $7.00 to $8.50.
Denver market report shows receipts for cattle with steers from 5.00 to 8.00, cows and heifers 1.00 to 6.00, calves 5.00 to 6.00, feeders 2.00 to 5.00. Hog receipts 1,400 with top 4.75, bulk 4.50, sows 3.25 to 74.00, pigs 2.50 to 3.00. Sheep receipts 12,000 with fat lambs 7.06 to 8.00 and ewes 2.00 to 2.50. market steady to weak.
Hogs 800 market strong with top at 4.50 and bulk 4.40 to 4.50. Cattle 4,000 steady to weak with steers 5.75 to 7.00, heifers 5.00 to 5.75, veal top 4.50. Sheep 4,000 head steady to weak for lambs and yearlings, aged sheep strong to 25% higher, Idaho lambs 7.50 to 8.25, native lambs up to 8.25, best fed clipped lambs above 8.55, Texas yearlings 5.25 to 6.20, ewes to 2.60.
Cattle 2 200 head calves 300 steady medium fleshed yearlings 5.00 to 5.50 and more grass fed feds 2.00 to 4.74 50. Canners and cutters 0.75 to 1.50 medium good fat cows 2.00 to 2.75. Bulls 1.50 to 2.50. Select calves up to 11.00. Stockers and feeders dull. Hogs 1.200 head higher top 4.85 bulk 4.25 up packing sows 3.45 to 3.65. Stage 1.75. Sheep 400 no early trading.
Wichita market reports 400 cattle including 200 calves with prices steady to weak and top $5.00 for weaner. Hogs 800 head up 10 cents with top $4.60 and common sales $4.60, 4.95. Sheep 200 native lambs 25 cents lower. top $7.75, bulk $7.25. New Orleans spot market shows steady to down notes with low middling 11.63, middling 12.28, good middling 12.73 and stock 603,029.
Pinkney Packing Company lists top hogs weighing 180 to 260 pounds at a market price of 4.50 for Saturday.
In New York on June 29 the dry goods market showed firmness for cotton goods while silk merchants reported rising interest in satins for the upcoming fall season. Burap markets remained quiet.
Copper steady in spot and futures with Blue Eagle at 2.00. Tin steady at 51.12 spot and 51.15 future. Iron firm and unchanged with New York spot at 3.75. East St. Louis quotes 3.60 for iron. Zinc quiet with East St. Louis spot and future at 4.85. Antimony spot at 7.90.
Call money remains steady at 1 percent all day on June 2 in New York trading. Time loans show stability at 60 days to months with rates around 7 and one percent. Prime commercial paper sits at 7? percent while bankers acceptances stay unchanged. Rediscount rate at the New York Reserve Bank holds at 6 percent.
The stock market edged lower in the last full session before a federal speculation rule takes effect. Trading was light with 437,500 shares moving on the exchange, as investors waited to see if Roosevelt’s address would spark buying. Major issues including steel, autos, and utilities fell modestly while silver remained strong against export embargo news.
New York trading opened with blocks heavy and leaders sagging. U S government bonds firm, curb markets mixed, foreign exchanges weak with sterling and mark heavy. Cotton quiet with lower wheat. sugar steady. coffee quiet as commissions cover. Chicago wheat down, corn weak on weather relief. Cattle slow, hogs active up 19 cents to a top of 5.05.
General market notes a slight opening advance in cotton giving way to realized losses as grains and stocks ease. October touched 12.62 then closed at 12.05. July and December slipped into late-day lows. Exports and port stocks reported, with overall market barely steady and declines from 7 to 12 points.
Cotton prices across New York and New Orleans indices slip modestly with July and October futures down several points. New Orleans reports late selling as Liverpool cables show slight gains before liquidation, port receipts and exports noted for week and season, while Galveston spot cotton closes steady with slight declines across grades.
Sales closing prices and net changes for the fifteen most active stocks in New York. Cerro de Paseo, McLellan Stores, Am. Smelt. & Ref., Chrysler Motor, Standard Brands, Borden, U.S. Steel, General Electric, Howe Sound, National Dairy Prod, Socony-Vacuum, New York Central, Mont Ward, and other firms show varying gains and losses in the session.
The Boston wool market was practically at a standstill with buyers touring wool houses but scarce purchases of greasy wool. Occasional small lots of greasy clothing wool moved below general quotations on large lots while overall volume remained limited. Spot greasy combing domestic wool prices remained essentially unchanged from earlier in the week.
New York June 29 reports firming due to covering and buying by commission houses as crude oil rises. Final prices 2 to 11 points higher with 54 contracts traded from July onward. Spot nominal values closed for July at 5.85, Sept 5.89, Oct 5.98, Dec 6.18, Jan 6.25.
Western Feeders Supply Co quotes for cottonseed at mills fob. Prime loose hulls per ton 10.80 11.50. Prime cold pressed seed per ton 22.50 23.50. Prime cracked screened meal and cake 43 percent protein per ton 27.50 38.50.
Egg receipts reach 20 040 cases and butter and poultry show firm markets. Eggs and dairy commodities post varied prices with fresh graded firsts at 1444c and butter at 23 28c a pound in a dull trading day amid hot weather reducing demand.
Fort Worth produce lists chickens at 20 cents for pullets and 9 cents for hens. Turkey toms and turkey hens 9 cents. Figs No 1 candled four dollars. Creamery butter price and fat content noted.
The Commercial Bulletin notes broader interest in wool fitting mill needs, with weekly prices mostly steady and irregular. Avoidance of a possible United Textile Workers strike may smooth order placement, potentially setting a working basis for wool trade soon. Foreign markets stay quiet awaiting London opening.
Howard Eugene Cowell alias Robert Lee Walker of Texas pleaded guilty to three counts of violating the national auto theft act before U S Commissioner Charles Jacobson in Little Rock. He was held on $1500 bond for grand jury action and jailed. Walker's arrest spurred seizure of about 15 stolen cars in Muskogee and other cities and led to nine other arrests. Walker admitted stealing three cars in Little Rock and later nine more in Muskogee case. Homer West, a Little Rock taxicab driver, was released after Walker’s confession.
Governor Miriam A Ferguson granted seven conditional pardons one full pardon and one general parole to Texas convicts. Curtis Brown of Randall County received the full pardon for violating prohibition laws.
Four persons at the home of Mrs. Cora Norvell five miles east of Greenwood were poisoned when poison substituted for baking powder was found in the biscuits. Three remained in serious condition. The incident occurred June 29 in Greenwood, Arkansas.
Oklahoma Corporation Commission issued a binding order setting July allowable oil production at 489 500 barrels daily. June’s limit remains at 511 700 barrels daily.
Market notes show a predicted 10 to 15 percent drop with limited western developments. Wool shipments largely consigned with advances of 15 to 20 cents, bright wool slightly easier, Texas reports Kerrville sales at 18 to 24 cents for short call and spring wools, mohair in limited demand. Quotations list Texas fine 12 months at 83-85, fine short 12 months 86-82, domestic mohair 45-48 cents, Texas kid 58-65 cents.
The Royal Air Force pageant and Byrd Expedition will air on NBC, CBS, and ABC chains with multiple time slots. Highlights include marbles and track broadcasts from Ocean City and Milwaukee, a Leopold Prince concert from Central Park, and a Chicago world’s fair program.
About 132000 people received dividend checks on June 15 as Standard Oil of New Jersey paid nearly 13 million dollars in the semi annual payment. The company earned 25,084,310 distributable surplus in 1933 and paid stockholders 31,990,916 dollars, averaging 242 dollars per holder. The latest declaration covers the first half of the year at a rate of 1 dollar annually.
Rusk County grand jury will be called next week to investigate criminal cases involving by-passes and tapped pipelines in the East Texas oil field. A. B. Cross, investigator for the Texas Petroleum Council, said penalties range from two to four years in prison.
Brigham Young University runs its Alpine Summer School each year atop Mt. Timpanogos slope in Utah at an altitude around 2,800 feet, offering seasonal classes.
The Texas Railroad Commission ordered a 10 percent cut in allowable oil production across flush fields, lowering the state total to 1,006,000 barrels daily and setting East Texas Van Conroe and Yates fields under reduced quotas. The change takes effect at 7 A.M. Sunday and uses corrected oil as the basis for the reduction.
East Texas refiners plan a meeting at Gladewater to fix tank wagon prices at 13 to 15 cents a gallon to hold Dallas area retail gas prices. Independent dealers report following larger refiners in posting 13 cents under a supply purchase plan, with planning committees pledging to process only legal oil and majors promising steady supply and removal of distressed gasoline.
East Texas businessmen prepare data for congressional inquiry into the hot oil situation. E. L. Smith of Mexia says the oil and gas committee will hand over all relevant facts. Hubert M. Harrison wires Congress to reserve eight rooms at Tyler hut for July 16 to 18 for Chairman William R. Cole and staff.
Dainty cherry blossom motifs from Laura Wheeler enliven linens for a cooler look in heat. Pattern 765 offers transfer motifs in multiple sizes with color options and usage ideas, sent with a 1 cent stamp to Amarillo Daily News Needlecraft Dept, 82 Eighth Ave New York NY.
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