Stock Market Rebounds on Selective Gains Amid War News
Quiet buying in steels aircraft and specialty shares lifted the market despite bearish war news. The Associated Press average rose 3 points to 384 with transfers about 400,800 shares. Major gainers included Standard Oil of New Jersey United States Steel Bethlehem Steel and several aircraft makers amid expectations of heavy rearmament spending.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Wall Street
Italy
Standard Oil
N. J. Stock
Farish
American Woolen Common
Preferred
U. S. Heel
Bethlehem
Douglas Aircraft
Pinsted Aircraft
Lockheed
Westinghouse
Union Carbide
International Paper Common
Sears Roebuck
American Telephone
Celanese
Anaconda
Kennecott
Fastman Kodak
General Motors
Chrysler
Scrymser
Hygrade Sylvania
Aluminum of America
Lake Shore
International Petroleum
Markets in Brief New York June 4 summary
New York markets report a quiet tone with lead and steels edging values. Bonds show narrow gains as government notes revive, and foreign exchange poorly supported with sterling sliding. Commercial commodities mixed with steady cotton and hedge selling, sugar mixed amid domestic liquidation, metals even, wool firm, corn easy, cattle steady and hogs active near 5.50.
MENTIONED IN THIS ARTICLE
New York
Oome Steels
Trade and Commission
Wheat Prices Dip on Optimistic Crop Reports
Chicago and Kansas City markets see wheat futures slide then rebound as private May crop estimates show higher winter wheat prospects and spring wheat outlook, with 1940 forecast near 723 million bushels. Declines pace with corn oats and war news, while cash grain quotes vary by region and quality.
MENTIONED IN THIS ARTICLE
Chicago
Italy
United States Steel
New York
Metal Prices Steady Across Copper Tin Lead Zinc
Copper and tin hold steady with spot and forward values. Copper at 11.50, tin 55.00 spot and 53.00 forward. Lead steady near 5.00 to 5.05, zinc 6.25, quick silver about 195 to 198. Prices unchanged for other metals.
MENTIONED IN THIS ARTICLE
NEW York Metals
New York
Conn
Valley
East St. Louis
Amarillo Markets See Sudan Grass Car and Wheat Trade
Receipts in Amarillo show one car of Sudan grass and wheat transactions in the market. Local traders report steady activity across feeds and grain outlets in the Texas city.
MENTIONED IN THIS ARTICLE
Amarillo
Texas
Cattle Market Applies Steady Tone Across Regions
Kansas City reports a steady cattle market with 4 900 head sale and top prices up to 5.20 for 180-280 lb cattle. Chicago and Fort Worth show mixed demands with hogs and sheep slower, while Oklahoma City and Denver publish steady to firm prices for yearlings and calves amid limited supply.
MENTIONED IN THIS ARTICLE
Kansas City
Nebraska
Fort Worth
M—A
D. A
Oklahoma City
Moore County Road Bond Election Reset
Moore County commissioners reconsidered a bond plan after two citizen petitions for a road bond issue. Initially both $160,000 and $96,000 propositions would go to voters, but the board later chose to hold only the $160,000 issue on June 22, with the smaller bond absorbed if the larger passes.
MENTIONED IN THIS ARTICLE
Dumas
Moore County
Bob McLaughlin
Gerald Mann
Mann
Girl Scouting Course Offered by WTSC in Canyon
West Texas State College announces a girl scouting course from June 27 to July 5 taught by Katharine R. Shanklin of the national Girl Scout field staff. One college credit will be awarded. Hazel Evans directs the program and teaches physical education for women.
MENTIONED IN THIS ARTICLE
Canyon
West Texas State College
Katharine R. Shanklin
Girl Scout Movement
Hazel Evans
Pocket knife fuels Violin craft in Youngstown
Anthony Klonaris, of Youngstown Ohio, makes violins both miniature and standard with only a pocket knife. He has practiced violin making for three years as a hobby.
MENTIONED IN THIS ARTICLE
Youngstown, O
U.P
Anthony Klonaris
Klonaris
Cotton Futures Drift Amid Conflicting Pressures
Cotton futures wandered amid war export fears and a possible government loan for the next crop. July to May contracts show mixed moves with small gains and losses. Bombay and Liverpool markets opened weakly, while New Orleans spot finished modestly higher. Overall May trading reached 4,337,700 bales on U S exchanges with July most active.
MENTIONED IN THIS ARTICLE
New York
Bombay
Liverpool
Worth Street
Jane A
Washington
Commodity Exchange Administration
Army Chief Warns Need For More Manpower At Once
General George C. Marshall told a House appropriations subcommittee that manpower is the army's current tragic shortage and the main means to rapid results. He said 280000 max peace time enlistment is insufficient for emergencies, noting funds are in the $1800 million supply bill to raise strength from 227000. If no mobilization occurs this summer, the legal limit could be reached by September.
MENTIONED IN THIS ARTICLE
Washington
Congress
George C. Marshall
House Appropriations
Marshall
War Department
Army Plans Wool Purchase for New Uniforms
The U S Army announced plans to buy about 1 523 000 uniforms worth of woolen cloth. Maj Gen Edmund B Gregory said bids will be sought for five million yards of serge or elastique four million yards of Melton overcoating one million five hundred thousand yards of shirting and five hundred thousand woolen blankets. Officials aim to keep a cloth reserve to meet current demand and will convert the material into uniforms as needed.
MENTIONED IN THIS ARTICLE
Washington
Edmund B. Gregory
Roosevelt and Green Confer at White House on Labor Peace
President Roosevelt summoned AFL President William Green to the White House for a DC meeting that could signal a new labor peace effort or AFL cooperation in national defense. Details were not disclosed. Green was in Louisville, Kentucky addressing an AFL union convention when contacted.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
American Federation of Labor
William Green
White House
AFL
Green
Louisville
International Alliance of Theatrical and Stage Employes
O. Henry Memory Honored in Austin Observance
Memorial event in Austin marks the life of O. Henry with UT and O. Henry Museum exhibits. The 30th anniversary of his death is observed tomorrow, noting his residence in the city.
MENTIONED IN THIS ARTICLE
O. Henry
Austin
William Sidney Porter
University of Texas
O. Henry Museum
Texas commission moves to revert East Texas proration plan
Texas Railroad Commission members advocate restoring East Texas proration under the 1938 order after a Supreme Court ruling. Commissioner Sadler seeks seven day production for East Texas at 420000 barrels daily, plus per well minimum and new distribution formula. Coastal fields with low octane oil may face a 50000 barrel daily cut.
MENTIONED IN THIS ARTICLE
Austin
Tex
Texas Railroad Commission
Texas
Lon A Smith
East Texas
United States Supreme Court
Smith
Jerry Sadler
Sadler
Ernest O. Thompson
Roswell
New Mexico Military Institute
U. S. Supreme Court
Rowan & Nichols
Washington
25 Per Cent Gain Well Permits in '40
Houston June 4 The Oil Weekly reports a 28 percent rise in U S oil well completions from Jan 1 to May 25 1940 versus 1939. Total completions 12 244 with 8 981 oil producers 662 gassers and 2 601 dry holes. Rig count 4 327 on June 1 up from 3 837 a year ago. Texas leads with 1 247 rigs. May 1 28 completions total 1 810 oil wells 110 gassers 516 dry holes.
MENTIONED IN THIS ARTICLE
Houston
Tex
U.pi
United States
The
Oil Weekly
Trade
Texas
Journal Reports Output Decline
The Oil and Gas Journal reports a substantial drop in U S daily crude output with Texas cuts and reduced production in other states. National daily average fell to 3 747 671 barrels last week, down 89 758 from the prior week.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
Texas
United States
The
Oil and Gas Journal
Rivera Enters U. S. for One Year Visit
Diego Rivera, renowned Mexican muralist, was admitted to the United States for one year by immigration authorities in Brownsville. He planned to depart today by plane for San Francisco to paint murals at the fair.
MENTIONED IN THIS ARTICLE
Brownsville
Diego Rivera
United States
U. S
Rivera
San Francisco
Wounded Man Named In Wife's Murder
E Fr Isaacs 51 in critical condition with three chest wounds was charged with murder in the slaying of his wife at Humble. Isaacs shot his wife six times with a 22 rifle then shot himself above the heart. He could not talk. no motive learned. The murder charge was filed before Justice F K Wise in Humble. Isaacs was brought to a hospital in Houston after calling an ambulance.
MENTIONED IN THIS ARTICLE
Houston
E. Fr. Isaacs
Humble
Isaacs
Justice of the Peace
F. K. Wise
Himlf
Russia Sits Second in World Oil Output in April
World Petroleum data show April crude oil output at 181.21 million barrels, with the United States producing about 114.27 million barrels and Soviet Russia at 17.90 million. Venezuela and others posted gains, while four major regions rose from March to April. U.S. four month average output reached 3.77 million barrels daily.
MENTIONED IN THIS ARTICLE
New York
World Petroleum
U.S
United States
Soviet
Russia
Venezuela
Molucca
Dutch East Indies
Canada
Egypt
Synthetic Rubber Developed at Standard Oil NJ Lab
W. 8. Farish president of Standard Oil of New Jersey announced that technicians developed a new synthetic rubber named Butyl. He said the product can supply any required quantities to the United States and is superior to natural rubber for many uses. Two tons have been produced at the Bayway laboratory in Elizabeth, New Jersey.
MENTIONED IN THIS ARTICLE
Flemington
N. J
Farish
Standard Oil Co
New Jersey
Standard Oil
United States
Bayway
Elizabeth, N. J
Zales Inspect Their Remodeled Store
William Zale of Dallas and Morris Zale of Wichita Falls lead a tour of the remodeled Zales Jewelry Store. The chain operates five Texas outlets in Dallas Wichita Falls San Antonio Austin and Amarillo and two in Oklahoma.
MENTIONED IN THIS ARTICLE
William Zale
Dallas
Morris Zale
Wichita Falls
Zale
Zales
Texas
San Antonio
Austin
Amarillo
Oklahoma
Amarillo Radio Schedule Highlights Day by Day
Radio programs for KGNC and affiliates list a full day timetable from 6:00 AM to 12:00 AM. NBC shows, music, talk, farm segments, dramas, and serials fill morning to late evening slots with various hosts and sponsors.
MENTIONED IN THIS ARTICLE
KGNC
Sky
Rise
Farm
Breakfast Club of the Air
NBC
Leonard
Fred Feibel
James L. Gordon
Dr. Malone
David Harum
Kate Hopkins
Angel of Magcy
Portia Blake
Life
National Farm and Home Hour
Arnold Grimm
H. V. Kaltenborn
Alec Randolph
Billy Briggs
Swinging Steel
Jimmy Dorsey
Ma Perkins
Pepper Young's
Muasic
NYA
Rocky Garden
Vesta O'Dell
Frankie Mast
Amarillo
Fred Allen
Kay Kyser
Jerry Sadler
Fred Waring
NBC No
Charles Barnett
Sports Review
Earl Hines
Freddie Ebner
Bud Freeman
GMC Shutdown Threat Seen
The U S administration moves to avert a possible strike as General Motors plants face a wage dispute with the United Automobile Workers Union. A conciliator may be named after talks with CIO UAW leaders while the union authorizes strike action if no agreement is reached. The dispute centers on a 10 percent wage demand versus GM’s 2.5 percent vacation pay proposal.
MENTIONED IN THIS ARTICLE
Washington
General Motors Corporation
John R. Steelman
U.S. Conciliation Service
CIO
United Automobile Workers Union
Steelman
UAW
UAW Executive J Board
R. J. Thomas
GM Council
General Motors
Roosevelt
Oil Market Summary Shows Mixed Midcontinent Readings
Tulsa report notes steady gasoline and natural gas markets with kerosene and lubes active. Midcontinent crude holds firm while various fuel oils and gas oils display limited shifts across multiple grades and tests in a generally unchanged coarse market snapshot.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
North Texas
Also Mentioned on This Page
Western Feeders Supply Company
Texas Mills
United Aircraft
United Corp
al Chem & Dye
United Gas Imp
U S
M & Fay' Ll
Issel Wasereen
Am Smelt & R
Warner Bros
At&t
Am Woolen
West el & Mig
Zinc L&s
At&s5sf
Adl Refining
Aviation Corp
Sb—— Barnsdall Oil
Bandix Aviat
Beth Steel
Borden
Callahan Z
Curtiss Wright
du Pont Ll
el Auto Lite
el Power & Lt
Freeport
Goodrich
Ear T&r
Xoor
Johns Manville
Kennecott Cop
Lockheed Aira
Montgom
Nash Kelvinator
Nat Biscuit Nat Dairy Pr
Nat Distillers
Nat Ar, & Lite
Nor Oats Co
Nor Pac Teeeane St
Ohio Oil Oebees
Packard Qu
Penn RR
Pet Co
Phelps Boies
Phips Pet
Plymouth Oil
Pub
Q Pullman
RCA
RKO Rem Rand
Repab Steel
Searserve! Roebuck
Shell
Simmons Union Oil
Socony Vac
Sou Pacatrias
Sou Ry
Tha Stand Brands
DOW Jones
Stan Oil Cal
Fenner & Beane Stan Ol Ind
Stan Oil NJ
Stewart Warn
Me & Web
al Svs
Debaker
Am Gas & el
Ark Nat Gas A
Bath Iron
Bell Aire
Bellanca Aire
Bernst Aire
Eagle Pich
el Bond
Gulf Oi
Lone Star Gas Brals
Nat Gas
Gas Aly
Lt & Pow A
Steel
Aanaconda
Gen. Motors
Radio Corp
Indus A Vm
Treasur
Bly
BOND
Dees
Raila Indus uNs Fign
Chicago Livestock
Denver Livestock
Denver
U. S. Dept. Agr
Plymouth Rock Springs
Plymouth Rock
White Rock
WTSC
New Orleans
Dee
U. S. Army
Army
FDR
Crown Block Field Developments
Journal Reports
Seminole Fields
West Texas
North Central
Texas Panhandle
East Central
Gulf Coast
Southwest Texas
North Lousiana
Louisiana
California
Kansas
Arkansas
Mississippi
Eastern Fields
Illinois
Michigan
New Mexico
Rocky Seenatale Area
Iro
KFDA
Reveille
Farm Flashes
Texas Drifters
TSN
Jeoffrey
Texaco Ot
Rhythm Ranch Boys
TGN
Southwestern Pub. Ser
Monitor News
Morning Melodies
Hilo Hawaiians
Lois Fay
Troy Laundry
Sam's Club of the Air
Diamond Shop
Johnson's Grocery
T&n
Gal
Carol Leighton
Taylor’s
Taylor's Gro
Roberts
Olver Lbr. Co
Tex-Mex Oil Co
7Th and
Polk
Harvey Southworth
Frank Day Tire Co
North Amarillo
Henry Cincope
Orch
MBS
Hamilton Tire Service
Andy Iona
Sage of Sage Hills
TASN
Fulton Lewis
San Jacinto Boosters
Southern Gentlemen
Sheep and Goats Club
Adkisson-Baker
America
Conoco Co
Walter Irvin, Inc
English
Raymond Gram
Waverly Root
Ann
Sterling Young
the O'Neills
Wbe-Wear
Bud Barton
Nhbee-Wiz
Scattergood Baines
Wer
L Abner
Nbc-Weaf
Wjz
Cbs-Wabe
Cbbs-Midwest
Mbs-Chain
Edwin C
Ed East
Weaf
Malcolm Claire
Abc-Red
Stern
Wiz
Edda Hopper
Nan Wynn
Dixie
Heary Stamps
Weat
Abc-Red-Chain Dancing Music Orchestra
Nbe
Paul Sullivan
Cbs-Weat Novelty Orchestra
Paul Douglas
Rocky Gordon
Nbc-Red
Lowell Thomas
Cbs
Amos
Andy
Fulton Lewis, Jr
Nbe-Weal
Mr. Keen
Lanny Ross
Cba
Wabe
Cha
Wythe Williams
Mbs-E
Kyw
Whz
Red
Burns
Cbsa
Wor
Nbec
Sam Baker
Wlw
Elmer Davis
Nbc-Weal
Nbc-W
Z Theater of Stars
Maj, Nason
Roy Shield
Wjz Canada
Mbs-Wor
Nbc-Wear
Nbc-Wed-West News
Nbc-Wsz News Broadcasting
Cbs-Wabc-East
Amos and
Cbs-West
A. Mitchell
Mbs-West
Ed Hill
cbs-Dix
Cbs & Mbs
Nbc-Ws
Globe News
GMC
Kentucky
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