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Newspaper
Amarillo Globe
Location
Amarillo, Texas, United States of America
Date
Mar 11, 1945
Page
10
Stocks hardest hit in recent selling show rebound with rails and steels prominent on the upturn. Utilities rise over a point, motors strengthen, and airlines oils mercantiles show improved tone as trading improves from contract lows.
Markets at a glance show stocks higher yet moderately active while bonds are irregular. Chicago stocks move irregularly as cotton futures stay steady and grain futures in Chicago including wheat corn oats rye and barley move firm.
Markets recovered after a broad selling wave with bond gains from fractions to about two points. Rails led the upturn with St Paul and Missouri Pacific loans rising. Rock Island 4s of 34 and Denver Rio Grande 4s of 36 among gainers. U.S. government bonds steady. AP rail average up to 99.0. Peruvian and Danish loans higher, Australian 4s and Brazilian 3s lower. Spot cotton in Galveston steady with prices in the 15 to 21 cent range. grain receipts at Fort Worth listed. No 1 hard wheat at 1.75 per bushel, No 2 at 1.74, S 1/2 weight 173 4, oats 0.88 to 0.90 per bushel. sorghums down 1 cent to 2.07 per cwt.
United States Steel rose nearly a point and Bethlehem advanced over a point while Packard gained a small fraction and Chrysler rose over a point. Santa Fe led rail stocks with an 11 2 point gain as Park Tilford jumped over two points and Hiram Walker slipped a point. Westinghouse Electric climbed 2 points and International Telephone led turnover with a rise over a point. Chemicals firmed slightly while Sears Roebuck edged higher on technical factors. Traders cited short covering and caution as past two days’ selling may have run its course, with volume shrinking as investors await week ahead developments.
Maj. C. M. Martin visited by his aunt Mrs. A. J. Mc Daniel at 107 Alabama and cousin Mrs. I Suttle at 2205 Ong during transfer from Camp Gruber Oklahoma to Santa Fe New Mexico.
Radio listings show KGNC and KFDA hosting a full Sunday lineup including Baptist hour at Central and Glenwood churches, Lutheran and Catholic services, musical programs with Freddie Martin, Big bands, and NBC CBS network features. The schedule highlights multiple time slots from 7:05 a.m. through late evening with news from KGNC NBC and KFDA CBS including World News Roundup and local church services.
New York March 10 price moves in the cotton futures market were narrow and slightly lower as traders grew cautious about demand and supply signals.
Grain markets opened slightly lower but rallied to end steady to firm in Chicago. Wheat recovered over a cent, corn and rye posted gains amid reports of immediate freight car availability and House charges on Commodity Credit Corporation activities affecting market sentiment. May wheat near 1.70, corn around 1.14, oats flat to up, rye firm on weekend short covering.
Chicago cash grain prices show wheat at ceiling with No 2 red at 1.75, corn at 1.99, barley 1.20 to 1.38, oats and forage prices listed. Kansas City reports mixed wheat and corn futures with multiple No 2 and No 3 grades and May July bids, while Fort Worth begins with cash grain data.
An advertisement touts Ru-FEx Compound as a cheap home remedy for rheumatic arthritis and neuritis. It urges mixing the powder with water and lemon juice, taking three tablespoons twice daily, promising relief within 48 hours and offering a money back guarantee if not improved.
Slaughter steers heifers and cows were steady to 25 cents lower from Friday’s quote with cows off up to 50 cents. Slaughter steers averaged 14.00 to 16.60, with some loads at 16.20 to 16.60. calves and bulls mixed. Chicago reports receipts too small to test. market steady to mixed with highest steer and yearling quotes near 17.50 for top lots, cows up to 15.25, bulls around 14.25 to 15.25.
Fort Worth market report shows cattle and hog activity with totals for cattle 150 and calves 50. Prices ranged widely with beef steers and yearlings at 16.25, good heifers 14.75, cows 12, sausage bulls 11.50, killing calves 14.25, stocker calves 13.25, and hogs ceiling 14.55 for 180-400 lb. weights and 13.75-14.50 for 150-175 lb lights. Sows around 13.20. Stocker pigs 13.
A Soviet task news agency dispatch reported by the FCC said today Tokyo newspapers failed to publish after the Superfortress raid on the city.
Vesits mother Mrs J A Cooley of 1205 Jackson has returned home after visiting her mother in Kansas City Missouri.
The Palo Duro nominees for Who's Who were picked from ten lists by sorority and club presidents and teachers. Five boys, five girls and two nurses were chosen by counting name appearances. nurses to be announced.
Mrs Don H Glenn and her newborn Donna Louise have been discharged and are at home at 702 Maryland after Mrs Glenn's stay at Northwest Texas Hospital.
Misses Jeanetta Edna Favre Duke Lila Beth Strimple and Stella Strimple visit in Dumas with Mr and Mrs L A Strimple. Pvt L M Wheeler Jr returns to Amarillo Field after a 10 day furlough with his parents in Houston.
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