Stocks With Good Peacetime Prospects Lead Market Gain
The New York stock market rose fractionally as peace prospects and favorable earnings supported a broader advance. About 1.21 million shares moved, with 494 stocks up, 230 down, 220 unchanged. notable gainers included General Motors and Chrysler while U S Steel edged lower.
MENTIONED IN THIS ARTICLE
New York
Associated Press
U. S. Steel
Bethlehem
Douglas
General Motors
Chrysler
Goodyear
Montgomery Ward
Western Union
Kennecott
General Electric
J. C. Penney
Northeast Airlines
Standard Cap & Seal
Rev
Cistag Pose
Anaconda
Gillette Razor
Central Ray See
Glenn L Martin Steeeee
Gulf Otls
Pet
Nash_ Kelvinator
Wool tops futures slip amid quiet trading and switching
In New York on May 16 wool tops futures showed irregular moves with near months strengthening on cover by Boston firms while distant months held steady. Estimated wool tops sales reached 230000 pounds as July and December contracts posted fractional gains and certificated spot prices fluctuated. Pittsburgh markets also noted steady overall futures while a separate potato market report from Chicago listed U S No 1 prices for Bliss Triumphs and Katahdins across Alabama Louisiana and Florida sacks.
MENTIONED IN THIS ARTICLE
New York
Boston
Chicago
Alabama
Bliss
U. S
Louisiama
Florida
Markets at a Glance
New York on May 16 reports stocks higher as peace issues continue to advance. Bonds steady with a rail rally. cotton quiet with light mill buying and hedging. Chicago wheat firm on short covering. corn mixed with profit taking and short covering. rye steady to strong with active trading. top cattle moderately active and steady.
MENTIONED IN THIS ARTICLE
New York
Chicago
Fort Worth Livestock Market Report May 16
Livestock prices show cattle active and strong with good fed steers $14.50 to $16.00 and cows $8.75 to $11.50. Hogs steady with good and choice 150 lb plus at $14.55. spring lambs 14.00 to 15.00 with many lots unsold. Sheep and lamb prices mixed. ewes scarce and lambs steady to 15 cents higher.
MENTIONED IN THIS ARTICLE
Iowa
Fort Worth
U.P
WFA
Strong Demand Props Slaughter Steers Amid Large Cattle Supplies
Kansas City market reports 3,000 salable cattle with 3,700 total, slaughter classes steady to strong as buyers focus on good and choice steers priced mainly at 15.50 to 17.00, some loads to major packers at 17.25, with stockers and feeders steady. Hogs 800 salable with steady demand. lamb receipts slow with weak opening bids. Chicago reports hogs steady to firm and cattle steady on top grades, with weighty steers reaching 17.75.
MENTIONED IN THIS ARTICLE
Kansas City
U.P
WFA
Chicago
Cotton futures buoyed by Pace meeting as trade awaits guidance
New York May 16 cotton futures held in a narrow range ahead of comments from the Pace cotton meeting in Washington on government price supports. May contract expired at noon 23.03 cents, a seasonal high, with futures closing 15 to 35 cents above prior. Galveston spot closed steady to sharply higher across grades. New Orleans spot rose 25 cents, while futures in New Orleans gained on trade buying and covering.
MENTIONED IN THIS ARTICLE
White Motors
Warner Bros
Eeeseee
Western Union Eeeee
Woolworth
New York
Westing Elec
Aviation Corp
Pan Am Airways
Int Paper
Armour & Co
Bell Aire
ACF Brill Se Cerees
Ie North Pac
My Y Central
Burr Add Mach
Ity S. Freight
Ms Willys
Savage Arms
Columbas & el
Curtiss Wright
Studebaker
Santa Fe
Steeseye Chi. Il
St. Paul
Illinois Central
Oo Kan
Texas
Northern Pac
Penn
St. Louis SF
Seeees
Southern Pac
West Union
Eeaene
Lam Cyan
Ark
Nat Gas
Cities Service
el Bond & Sh
Humble Oil
Star Gas
DOW Jones
United Pr
Washington
New Orleans
May Wheat Near Ceiling as Markets Rally
Chicago and other grain markets show May wheat near ceiling after short covering, with futures at close up from yesterday. Frost forecasts and poor crop reports bolster underlying strength as cash markets pay ceiling prices at terminals and No 1 hard wheat hits $1.77 a bushel.
MENTIONED IN THIS ARTICLE
Chicago
Department of Agriculture
Kansas City
Chicago Produce Market Report May 16
Chicago May 16 Produce market shows butter receipts 395 732 pounds with firm unchanged demand and varied grade scores. Eggs receipts 15 426 cases also firm with current receipts 32 6 at 34 3 standards 32 6 and extras 35 2 to 36 1.
MENTIONED IN THIS ARTICLE
Chicago
U.P
Humble Verdict in Hawkins Field Case
In Austin on May 16 Judge J Harris Gardner was to enter judgment for Humble Oil and Refining Co over alleged underproduction at Hawkins Field Wood County The case asks for suspension of the commission production schedules A 53rd District Court jury ruled against the Texas Railroad Commission order and appeals were planned by the commission and Hawkins Field townsite operators
MENTIONED IN THIS ARTICLE
Austin
Dist
J. Harris Gardner
Humble Oil & Refining Co
Hawkins
Wood County
Humble
53Rd District Court
Texas Railroad Commission
Fagan Dickson
Commission
Hawkins Field
Tighten Rules On Condensates
At a May proration hearing the railroad commission discussed amendments to tighten regulation of condensate fields. Proposals require oil gas separation and measurement before leaving leases and mandate separating devices where oil and gas coexist. Nominations for June total 2 354 447 barrels daily, up from May 2 346 795. East Texas bottomhole pressure fell to 999.75 psi on May 1 from 1002.02 in April.
MENTIONED IN THIS ARTICLE
Austin
Railroad Commission
Olin Culberson
Commission
Beauford Jester
Jester
H. P. Nichols
Tyler
East Texas
Petroleum Administration For War
Texas Oil Men to Moscow Meeting
Two Texas oil men Maj. Jubal R. Parten of Houston and Col. E. E. Fogelson of Dallas were named to the reparations commission and will attend the Moscow gathering. Parten leads Woodley Petroleum Company and previously directed transportation for the Petroleum Administration for War.
MENTIONED IN THIS ARTICLE
Dallas
Texas Oil
Reparations Commission
Moscow
Maj
Jubal R. Parten
Houston
Col
E. E
Buddy) Fogelson
Major Parten
Woodley Petroleum Company
Petroleum Administration For War
Speeded Program Needed in Rubber
S T Crossland, executive VP of the Rubber Reserve Company, told a safety conference that the synthetic rubber industry must run at 124 percent of rated 1945 capacity and 145 percent in 1946 to meet armed services civilian and export needs. He cited a 1 000 000 long ton demand for 1945 and 1 200 000 tons for 1946. From June 1942 to May 1 this year government facilities produced 1 211 125 tons for Rubber Reserve Company.
MENTIONED IN THIS ARTICLE
ST. Louis
S. T. Crossland
Washington
Rubber Reserve Company
Reconstruction Finance Corporation
Texas June oil allowables set by Texas Railroad Commission
Texas Railroad Commission set June production allowables at 2,335,842 barrels per day for liquids and 2,171,706 barrels per day for crude oil with districts totaling 1.06 percent under plan. Hawkins and Talco fields cut back. Panhandle exempt from shutdowns. next statewide hearing set for June 19. Also notes US fire record: 350,000 homes lost, $100 million damage, 5,000 burned.
MENTIONED IN THIS ARTICLE
Austin
U.P
Texas
Texas Railroad Commission
Petroleum Administration For
East Texas
Panhandle
Hawkins
Talco
East Texas Field
CURSE OF MIDDLE LIFE Tied to Kidney Balance
Advise faulty kidney function stems from body fluid imbalance. Correcting the pH restores balance and aids self repair. CIT ROS promoted as the answer, supplied by druggists and sold at Pool Drug Stores.
Mississippi Board Abandons Spacing Rules
The state oil and gas board in Jackson delays spacing regulations for oil gas and condensate fields until more information is received. It adopts a ruling of one gas well per 320 acre tract in Mississippi.
MENTIONED IN THIS ARTICLE
Jackson
Miss
State Oil and Gas Board
Mississippi
Petroleum Administration
Also Mentioned on This Page
Tan
Wool Futures
Merrill Snr. Pierce, Fenner & Beane
Chicago Livestock
HEATH
Sealy Mattress National
Mr.neb
Fanny
Rudy
Dixie Dugan
Niki
Isilly
Galveston
Aa Rerne
Rye
United States
Globe-News
Economy of
eUlera
Nichols
E. B. Burgess Lumber Co
Tyler, Amarillo
Wood-Phillips Lumber Co
Dumas
Allender’s
Southern Brokerage Co
Ary Montgomery
FISK
R.naawe
Kellogg’s
Kellogg’s Allbran
Kellogg's
Battle Creek
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