Market Gossip and Field News on Eastern Crude Prices
Pittsburgh reports all grades of crude oil trimmed 25 cents a barrel with Pennsylvania crude at 2.85 and others listed. Oil runs from Pennsylvania wells are limited due to overproduction signaling a shift toward conservation for the first time in years. Tidewater Pipe Co. urges patrons to reduce pipe-line deliveries to two thirds of former averages as surplus crude fills capacity. Dividend deferral announced by Chicago, St. Paul, Minneapolis and Omaha Railway until September pending government account adjustments.
MENTIONED IN THIS ARTICLE
Pittsburgh
Pennsylvania
Corning
Cabell
Somerset
Somerset Light
Ragland
Oil City
Tidewater Pipe Company, Ltd
New York
Chicago, St. Paul
Minneapolis , Omaha Railway
Whites Seized For Attack On Negress Report
Two white men were held under arrest in Richmond Virginia today for an alleged attack on a Black girl late last night. The incident sparked crowd unrest as angry Black residents gathered at the scene and the danger of a race riot prompted authorities to disperse the crowd.
MENTIONED IN THIS ARTICLE
Richmond
Oil Gusher in Bowling Green Shocks City
In Bowling Green Kentucky an oil well struck gas pressure and flowed 600 barrels daily from shallow depth near $8 feet. The gusher, one block from the city center, prompted new rules requiring owner consent to drill on adjoining lots and highlighting escape hazards into streets and sewers.
MENTIONED IN THIS ARTICLE
Bowling Green
Livestock Market Reports From Chicago and Denver
Chicago receipts total about 11 000 cattle with slower demand and prices down to 25 cents. Top bids reach 8.75 for beef steers as bulk values range 7.50 to 8.35. hog receipts near 9 000 with prices 7.50 to 8.05. sheep receipts 146 000 with lambs around 19 25 and Westerns not yet sold. Denver reports 400 cattle receipts and 1 490 hogs with cattle prices up to 7 95 and hogs near 7 76. sheep at 19 11 to 19 60 with spring lambs 5 75 to 9 75.
MENTIONED IN THIS ARTICLE
Chicago
U. S. Bureau of Marketa
Oregon
Denver
End of All In Sight If World Is Not Disarmed
Morgantown West Virginia June 14. Former Missouri governor Joseph W Polk urged University of West Virginia listeners that world disarmament could end the burdens of arms races. He warned no prophet needed to foresee disaster if nations persist in armament competition.
MENTIONED IN THIS ARTICLE
Morgantown
Joseph W. Polk
Missouri
University of West Virginia
Folk
Mammoth Gusher Uncorked in Salt Creek Shale
Mountain and Gulf strike a massive shale well in Salt Creek field southeast quarter section 13-39-79. The well flowed heavily from a 1,200 foot depth and cleared the top of the derrick, forcing dikes as operators work to control and connect to tankage via a half mile pipeline. It is likely the biggest shale well yet drilled in Salt Creek, offsetting the Wyokan well and destined to supply pro rata production to Midwest Refining.
MENTIONED IN THIS ARTICLE
Mountain & Gulf
Salt Creek
Mountain
Gulf
Midwest Refining Company
Sugar Price Falls to Five Year Low in market
New York June 14 sugar prices drop to a five year low with 64 100 bags of centrifugal sugar sold at 4 cents. renewed pressure on Porto Rican sugars drives the decline.
MENTIONED IN THIS ARTICLE
New York
Irregular Stock Trading In New York June Opening
The New York stock market opened with mixed results as some lenders gained while rails and related equipment saw renewed selling. Northern Pacific fell sharply after an initial gain, Great Northern dropped 2 4 points, and Mexican Petroleum fell 2 points. Steel, motors, tobacco, and textile shares declined with shorts increasing in rails and rubber. Major issues like Pullman, Baldwin, Goodyear, and U S Rubber held gains of 3 to 4 points, while sugar and low-grade stocks lagged.
MENTIONED IN THIS ARTICLE
New York
O'S
Northern Pacific
Great Northern
Mexican Petroleum Tesl
Baldwin Lpermiotins
Shorts
Pullman
Baldwin
American
Crucille
United States
Keily-Springfield
Studebaker
Sears Roebuck
American Linseed
Atchison
Louisville & Nashville
Market Energy Slumps as Call Money Opens at 6 Percent
New York financials show dull trading before noon with call money opening at 6 percent and time loans steady. Currency quotes range from francs to lire with mixed demand, while metals move little except copper and tin. Reports note sleeping sickness devastates 65 percent of populations in certain African districts.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Exchange— &Toerling
Guildere
Sweden
Norway
Montreal
Cnater
Northern
Southern
Quist; East St. Louis
Ispot
Grains Hit Setback Amid Market and Legislation Hopes
Bearish wheat market driven by favorable harvest weather and rumors of anti pit legislation vote near Springfield Illinois. Prices slipped across July and September contracts while black rust news in South Dakota provided a late rally. Corn and oats followed the overall downtrend with weak closes as crop outlook remained strong for corn.
MENTIONED IN THIS ARTICLE
Chicago
Springfield
South Dakota
Grain and dairy prices drift lower on Chicago market report
Chicago wholesale prices slip with July wheat at 1.454, September 1.05. corn July 62 3/4 cents, September 64 1/4. oats July 37 1/2 cents, September 5?c. Butter creamery extras 32 cents, standards 26, firate 28. bees steady. Poultry alive higher with fowls 22 1/2 cents, broilers 30 to 35 cents.
MENTIONED IN THIS ARTICLE
Chicago
Clonn
Sc. Park
Potatoes, Prices and Household Waste Noted
Chicago reports show varied potato receipts and prices including northern whites at 80 900 cwt and Louisiana Triumphs at 4.75 cwt. Virginia cobblers 4.00 per 74.25 barrel with Carolina cobblers at 7.50 per barrel. Households cut garbage collections by 10 to 25 percent since the war. A man is wanted to repair furniture in a second hand store at 387 South Ash avenue, phone 1660.
MENTIONED IN THIS ARTICLE
Chicago
Louisiana
Virginia
Carolina
South Ash
Charles J. Stone Reports and Surveys
Petroleum geologist Charles J. Stone presents survey findings from the Winnett-Mone field. The release outlines geology, drilling data, and outlook for exploration and production activities in the region.
MENTIONED IN THIS ARTICLE
Charles J. Stone
Petroleum
Winnett, Mone
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