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Newspaper
Laredo Daily Times
Location
Laredo, Texas, United States of America
Date
Jun 06, 1927
Page
6
The No 1 Zapata test well located 420 feet east of Magnolia No 1 Cuellay on Cerrito Blanco Grant in the Jennings ranch, Zapata County, was drilled to 1345 feet and logged gas at 40,000,000 cubic feet with rock pressure of 600 pounds per square inch. The unusually high gas volume and pressure at 1846 feet mark this as a notable test, and the well will be completed once casing is set and the hole dries.
New York June 6 1997 a cautious view of business activity shows only usual seasonal curtailment with railroads affected by coal strikes and floods. Gold flows and currency moves dominate financial sentiment while crop outlooks show favorable winter wheat and rye conditions and a strong harvest projection. European buying of U S stocks continues aided by banks and commissions as rail earnings for Class one lines are projected near 64 million dollars for April amid coal and flood impacts.
A weekend buying surge lifted stocks across sectors with several issues hitting new peaks. Inland Steel rose two points on improving business, rail stocks gained as majors like Delaware and Hudson and Texas and Pacific climbed, while utilities and rail equipment makers also posted advances.
Market report notes silver and coin activity in New York with price quotes for Mexican dollars and silver bars. Specific figures show Bar Sliver and Colin listings with percentages and values.
Property listing offers a six room stucco home at 1802 Piedra China Street Montrose. Easy terms and contact via box O Laredo Imen dated 6-6-31. Also an ad for Crumpler Hotel cooldown room rates and dining room connection.
Market notes from Chicago and East St Louis on June 6 show cattle receipts around 25 000 in Chicago with fed steers and yearlings trading slightly lower and stockers slow. hogs 20 000 in East St Louis with lower prices. Kansas and Colorado listings reference native fed steers around 12.00 and hog tops near 9.80 with varied cattle and sheep movements.
Fort Worth market sees cattle receipts about 8 800 with 1 300 calves. Prices listed for beeves calves and feeders range from 4 00 to 10 50 with various stocker classes noted. Sheep receipts around 4 100 with lambs and yearlings priced near 10 to 12 dollars.
Preparations to tear down wooden structures at the corner of Banta Orsula and Mintas moros street opposite the Rotary Playground to make way for the San Jose Apartments valued at $65,000. Wusebio Cherveta will build, with Kelwood Co. awarded the contract and ready to begin within weeks.
Jose Angel Ortiz builds a new filling station for Theld Motor Co at the corner of Matamoros and Convent. The site will feature unique ground layout and a small central building, making the place very distinctive.
June 6 report from Cotulla says Japanese farmers on Henderson land near Cotulla earned a profit from melons. John L. Henderson of San Antonio notes shipments totaling over $10,000 worth by farmers cultivating 20 acres. Melons shipped to Winslow, Gley, and San Antonio.
Weather driven moves dominate the session as rain reports from West Texas trigger selling in New York and New Orleans markets. Futures slide with October and other months down, spot cotton in New York quoted at 16.35, while New Orleans prices ease from intraday highs to daily closure.
Construction on the San Agustin Parochial School at Grant Street and San Agustin Avenue near San Agustin church advances quickly under Contractor vessel supervision. The reinforced concrete brick building will be three stories tall, house about one thousand students, and aim for completion by September 1.
The Hamilton Hotel replacement project moves fast with a $600000 budget. San Antonio contractor Charles Schoenfeld targets site clearance by June 16 and foundation work soon after. Building equipment has arrived and plans aim for a January 1 1927 occupancy.
Canada sees steady trade with no major shifts and improving agriculture as seeding advances. Import and export values rise with wheat shipments contributing to a 77 million dollar April export total, while UK unemployment declines to a 12‑month low.
The chamber debated tariff amendments with a June 1 deadline for new measures. Four months into the year exports rose to 18.254 billion and imports fell by about 11.6 percent versus 1926, while a 43 million franc export surplus appears in April. Wholesale prices and exchange show gradual recovery in mid May with mixed domestic trends and rising exports in Europe.
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